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Nonprofit · EIN 41-1812461

MEDICA FOUNDATION

Tax-exempt · MINNETONKA, MN 55305

Financials

$6M$2.8M2023$7.6M$3.5M2024
Revenue Expenses · by fiscal year end
Financials of MEDICA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,617,966$3,512,890$4,105,076$76,228,960$1,801,500$74,427,460
December 31, 2023990 (amended)$5,992,092$2,833,682$3,158,410$70,831,578$535,000$70,296,578
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$7,617,966
Net gain from sales of assets
$5,635,168
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,850,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$2,850,000
Management and general (functional)
$662,890

Balance sheet and other

Total assets, start of year
$70,831,578
Total assets, end of year
$76,228,960
Total liabilities, end of year
$1,801,500
Net assets, end of year
$74,427,460
Net assets without donor restrictions
$74,427,460
Gross receipts
$10,694,305
Employees
0
Volunteers
0
Year formed
1996
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH F ERICKSONPRESIDENT, CEO, & TREAS THRU 1/2024
Officer
0$0$1,669,649$201,202
KRISTA DUSILSVP, CFO, & TREASURER
Officer
0$0$804,123$116,115
MARY P QUISTSR. VP, FINANCE THRU 6/2024
Officer
0$0$604,708$35,245
ALICIA REUTERSVP & CHIEF LEGAL OFFICER, SECRETARY
Officer
0$0$408,482$72,742
JAMES P JACOBSONFORMER SVP SEC & GEN COUNSEL
Former
0$0$403,815$0
MARK L BAIRDFORMER SVP & CFO
Former
0$0$370,125$0
DAVID H ELLENBOGENFORMER SVP SEC & GEN COUNSEL
Former
0$0$224,611$1,619
JOHN BUCKDIRECTOR
Trustee or director
0$0$145,250$0
JOHN STANOCHDIRECTOR & CHAIR
Trustee or director, Officer
0$0$128,500$0
MARY TWINEMDIRECTOR & VICE CHAIR
Trustee or director, Officer
0$0$90,250$0
GAYE ADAMS MASSEYDIRECTOR
Trustee or director
0$0$87,750$0
SAMUEL LEONFORMER DIRECTOR
Former
0$0$23,250$0
UGWUJI MADUEKWEDIRECTOR
Trustee or director
0$0$18,500$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH F ERICKSONPRESIDENT & CEO & CFO
Officer
0$0$1,203,089$39,039
MARY P QUISTTREASURER/INTERIM CFO (THRU 4/23)
Officer
0$0$808,429$49,529
DAVID H ELLENBOGENSVP SEC & GEN COUNSEL (THRU 12/23)
Officer
0$0$773,584$45,018
MARK L BAIRDFORMER SVP & CFO
Former
0$0$552,044$0
JAMES P JACOBSONFORMER SVP SEC & GEN COUNSEL
Former
0$0$448,077$0
JOHN BUCKDIRECTOR
Trustee or director
0$0$163,750$0
JOHN STANOCHDIRECTOR & CHAIR
Trustee or director, Officer
0$0$121,250$0
MARY TWINEMDIRECTOR & VICE CHAIR
Trustee or director, Officer
0$0$111,000$0
SAMUEL LEONDIRECTOR
Trustee or director
0$0$100,250$0
GAYE ADAMS MASSEYDIRECTOR
Trustee or director
0$0$95,000$0

Address and contacts

Address (IRS master file)
401 CARLSON PARKWAY CP 330, MINNETONKA, MN 55305-5359
In care of
% MARY QUIST
Principal officer (990 for 2024)
ELIZABETH ERICKSON, 401 CARLSON PARKWAY CP 330, MINNETONKA, MN 55305
Signed the 990
KRISTA DUSIL, CFO
Phone
(952) 992-2058
Return prepared by
KPMG LLP

Mission

THE FOUNDATION GENERALLY SEEKS TO IMPROVE THE HEALTH OF THOSE IN NEED BY INVESTING IN COMMUNITY-LED INITIATIVES THAT ADVANCE HEALTH EQUITY.

990 for the year ended December 31, 2024

Program accomplishments

  • BEHAVIORAL HEALTH: WE SEEK PROPOSALS FOR PROGRAMS THAT IMPROVE THE HEALTH OUTCOMES FOR PEOPLE EXPERIENCING OR AT RISK OF SERIOUS MENTAL ILLNESS AND/OR SUBSTANCE USE DISORDERS. WE PRIORITIZE PROPOSALS THAT PROVIDE CULTURALLY-RESPONSIVE CARE AND STRATEGICALLY ALIGN THEIR WORK TO ADVANCE HEALTH EQUITY.WE PRIORITIZE PROPOSALS FOR PROGRAMS THAT IMPROVE THE MENTAL AND CHEMICAL HEALTH OF INDIVIDUALS BY ADDRESSING: BEHAVIORAL HEALTH WORKFORCE, CO-OCCURRING DISORDERS, INTEGRATION OF PHYSICAL AND BEHAVIORAL HEALTH CARE, SERVICE DELIVERY GAPS, SUPPORTIVE AND INTENSIVE CASE MANAGEMENT SERVICESELIGIBILITY: WE PROVIDE BEHAVIORAL HEALTH GRANT FUNDING TO SUPPORT CHEMICAL OR MENTAL HEALTH. PROGRAMMING THAT ADDRESSES THE LIFESTYLE BEHAVIORS OF INDIVIDUALS DOESN'T MEET OUR CRITERIA AND IS INELIGIBLE. PLEASE NOTE THAT THESE ARE PROGRAM GRANTS. ALTHOUGH WE DO NOT PROVIDE FULLY UNRESTRICTED FUNDING, OUR GRANTS CAN BE USED FOR EXPENSES NEEDED TO CARRY OUT THE PROGRAM, INCLUDING STAFF AND A PORTION FOR OVERHEAD.
    Expenses $1,500,000 · grants $1,500,000
  • EARLY CHILDHOOD HEALTH: WE SEEK PROPOSALS FOR EARLY INTERVENTION PROGRAMS THAT SUPPORT FAMILIES AND CHILDREN, AND FOSTER OPTIMAL GROWTH AND DEVELOPMENT FOR CHILDREN FROM BIRTH THROUGH AGE 12. WE PRIORITIZE PROPOSALS THAT PROVIDE CULTURALLY FOCUSED CARE AND THAT STRATEGICALLY ALIGN THEIR WORK TO ADVANCE HEALTH EQUITY. WE PRIORITIZE PROPOSALS THAT ADDRESS: ABUSE PREVENTION, MATERNAL HEALTH AND BIRTH EQUITY (E.G., PRENATAL/PERINATAL CARE AND DOULA SUPPORT), ORAL HEALTH, PARENTING SKILLS, PRIMARY CARE AND IMMUNIZATIONS ELIGIBILITY: NON-HEALTH RELATED EDUCATION AND LIFESTYLE PROGRAMS, INCLUDING PHYSICAL ACTIVITY AND NUTRITION, ARE INELIGIBLE. PROGRAMS, SUCH AS CAMPS, THAT ARE ONE-TIME EXPERIENCES ARE ALSO INELIGIBLE. MENTAL HEALTH PROPOSALS FOR CHILDREN SHOULD BE SUBMITTED THROUGH OUR BEHAVIORAL HEALTH FUNDING AREA. PLEASE NOTE THAT THESE ARE PROGRAM GRANTS. ALTHOUGH WE DO NOT PROVIDE FULLY UNRESTRICTED FUNDING, OUR GRANTS CAN BE USED FOR EXPENSES NEEDED TO CARRY OUT THE PROGRAM, INCLUDING STAFF AND A PORTION FOR OVERHEAD.
    Expenses $400,000 · grants $400,000
  • RURAL HEALTH: WE AIM TO FUND COMMUNITY-LED SOLUTIONS THAT ADDRESS HEALTH EQUITY IN RURAL COMMUNITIES. WE PRIORITIZE PROPOSALS THAT ADDRESS: CULTURALLY-FOCUSED CARE, DENTAL HEALTH, DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES AND PREVENTION, INDEPENDENT LIVING FOR SENIORS, MATERNAL AND BIRTH HEALTH, MENTAL HEALTH AND CHEMICAL HEALTH, PRIMARY CARE FOR UNDERSERVED COMMUNITIES, SEXUAL HEALTH, TRANSPORTATION FOR MEDICAL/HEALTH APPOINTMENTS. ELIGIBILITY: RURAL HEALTH GRANT RECIPIENTS ARE ELIGIBLE TO SUBMIT AN APPLICATION FOR FUNDING IN CONSECUTIVE YEARS. FUNDING IS LIMITED TO ORGANIZATIONS BASED OUTSIDE OF THE SEVEN-COUNTY TWIN CITIES METROPOLITAN AREA. ORGANIZATIONS SEEKING TO DO WORK WITHIN OUR SERVICE AREA BUT DO NOT HAVE A PHYSICAL PRESENCE IN GREATER MINNESOTA ARE INELIGIBLE. FUNDING REQUESTS FOR EVENTS, SPONSORSHIPS, SEMINARS, MUSEUMS, CAMPS, AND GENERAL HEALTH AND WELLNESS ACTIVITIES INCLUDING NUTRITION, EXERCISE, ETC., ARE INELIGIBLE.
    Expenses $400,000 · grants $400,000
  • MEDICA FOUNDATION GENERAL FUNDING
    Expenses $350,000 · grants $350,000
  • MEDICA FOUNDATION STRATEGIC GRANT
    Expenses $200,000 · grants $200,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1812461
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E700)
Assets (IRS master file)
$76,228,960
Income (IRS master file)
$10,694,305

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,617,966$3,512,890$76,228,960XML
990December 2023$5,992,092$2,833,682$70,831,578XML
990December 2022$4,948,323$2,196,274$61,623,458IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1812461).

Questions about MEDICA FOUNDATION

What is the EIN of MEDICA FOUNDATION?
The employer identification number (EIN) of MEDICA FOUNDATION is 41-1812461.
Is MEDICA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to MEDICA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MEDICA FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MEDICA FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEDICA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MEDICA FOUNDATION?
The 990 for the year ended December 31, 2024 names ELIZABETH ERICKSON.
Who are the officers and directors of MEDICA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does MEDICA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,617,966, expenses of $3,512,890 and total assets of $76,228,960 at year end.

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