Nonprofit · EIN 41-6031551
FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $467,265 | $100,660 | $366,605 | $2,202,514 | $42,519 | $2,159,995 |
| December 31, 2023 | 990 | $294,735 | $190,647 | $104,088 | $1,969,476 | $34,665 | $1,934,811 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $189,086
- Program service revenue
- $0
- Investment income
- $278,179
- Net gain from sales of assets
- $227,995
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,545
- Other salaries and wages
- $52,514
- Salaries, compensation and benefits (total)
- $59,936
- Professional fundraising fees
- $0
- Program services (functional)
- $37,809
- Management and general (functional)
- $62,851
Balance sheet and other
- Total assets, start of year
- $1,969,476
- Total assets, end of year
- $2,202,514
- Total liabilities, end of year
- $42,519
- Net assets, end of year
- $2,159,995
- Publicly traded securities
- $1,736,428
- Net assets without donor restrictions
- $1,466,020
- Net assets with donor restrictions
- $693,975
- Gross receipts
- $3,095,133
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1958
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KRISTEN GLOEGE | CHIEF EXECUTIVE OFFICER Officer | 12 | $0 | $96,226 | $15,575 |
| JUAN BOWEN MD | PAST-PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE SCHOEPHOERSTER MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET SILVERSMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHEN PALMQUIST MD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GEORGE LOHMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MACARAN BAIRD MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID AGERTER MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ED EHLINGER MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VERNA THORNTON MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FATIMA JIWA MBCHB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KASEY JUSTESEN MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIFFANY ONYEJIAKA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KRISTEN GLOEGE | CHIEF EXECUTIVE OFFICER Officer | 12.9 | $0 | $97,013 | $16,482 |
| JUAN BOWEN MD | PAST-PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE SCHOEPHOERSTER MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET SILVERSMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHEN PALMQUIST MD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GEORGE LOHMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MACARAN BAIRD MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID AGERTER MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ED EHLINGER MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VERNA THORNTON MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FATIMA JIWA MBCHB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KASEY JUSTESEN MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIFFANY ONYEJIAKA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALEX ANTEZANA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GABRIELLE CUMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICK JUNGBAUER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARILYN PEITSO MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3433 BROADWAY ST NE STE 187, MINNEAPOLIS, MN 55413-2199
- Principal officer (990 for 2024)
- KRISTEN GLOEGE, 3433 BROADWAY STREET NE 187, MINNEAPOLIS, MN 55413
- Signed the 990
- JON STENSLAND, CFO
- Phone
- (612) 378-1875
- Website
- WWW.MMAFOUNDATION.ORG
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
THE FOUNDATION'S MISSION IS TO BE THE MMA'S PHILANTHROPIC PARTNER IN MAKING MINNESOTA THE HEALTHIEST STATE AND BEST PLACE TO PRACTICE.
Program accomplishments
- AS A PHILANTHOPIC PARTNER, THE MMA FOUNDATION SUPPORTS THE MISSION OF THE MMA TO MAKE MINNESOTA THE HEALTHIEST STATE AND BEST PLACE TO PRACTICE. IT DEVELOPS AND PROMOTES INITIATIVES TO CATALYZE OPTIMAL HEALTH FOR ALL, FOSTER WELL-BEING FOR PHYSICIANS AND PHYSICIANS IN TRAINING, AND PROMOTE THE PROFESSION AND SUPPORT DIVERSIFICATION OF THE FUTURE WORKFORCE. IN 2024, THE FOUNDATION AWARDED ONE COMMUNITY HEALTH GRANT THAT PROVIDED $5,000 FOR WOUND CARE KITS AT A SHELTER THAT SERVES UNHOUSED PEOPLE IN THE DULUTH AREAS. THE FOUNDATION ALSO CONTINUED ITS SUPPORT FOR MEDICAL STUDENTS, RESIDENTS, AND FELLOWS BY PROVIDING SCHOLARSHIPS FOR THEIR COMMUNITY SERVICE AND RESEARCH. IN 2024, THE FOUNDATION DELIVERED $6,545 IN SCHOLARSHIP GRANTS. IN 2024, THE FOUNDATION CONTINUED ITS SUICIDE PREVENTION INITIATIVE BY FUNDING PHYSICIAN-LED TRAINING IN COUNSELING ON ACCESS TO LETHAL MEANS AND QUESTION-PERSUADE-REFER SUICIDE PREVENTION GATEKEEPER TRAINING TO MEDICAL ASSOCIATION MEMBERS ACROSS MINNESOTA.IN THE PAST YEAR, THE FOUNDATION ALSO SUPPORTED ITS PHYSICIAN VOLUNTEERISM PROGRAM, WHICH IS A RESOURCE THAT IDENTIFIES VOLUNTEER OPPORTUNITIES SPECIFICALLY FOR PHYSICIANS. THE PROGRAM GROWS OUT OF THE FOUNDATION'S DESIRE TO IMPROVE ACCESS TO CARE IN MEDICALLY UNDERSERVED URBAN AND RURAL COMMUNITIES AND CALLS UPON THE INTEREST IN COMMUNITY SERVICE HELD BY MOST PHYSICIANS.Expenses $37,809 · grants $11,545
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6031551
- 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
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,202,514
- Income (IRS master file)
- $3,095,133
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $467,265 | $100,660 | $2,202,514 | XML |
| 990 | December 2023 | $294,735 | $190,647 | $1,969,476 | XML |
| 990 | December 2022 | $179,890 | $105,348 | $1,971,226 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 41-6031551).
Questions about FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION
- What is the EIN of FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION?
- The employer identification number (EIN) of FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION is 41-6031551.
- Is FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION 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 FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION 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 FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION 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 FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION?
- The 990 for the year ended December 31, 2024 names KRISTEN GLOEGE.
- Who are the officers and directors of FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION OF THE MINNESOTA MEDICAL ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $467,265, expenses of $100,660 and total assets of $2,202,514 at year end.
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