2023-11-09T16:38:55-06:00 2022-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2022-01-01 410418625 MINNESOTA MEDICAL ASSOCIATION MINN 6123781875 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 JON STENSLAND CHIEF FINANCIAL OFFICER 6123781875 2023-11-01 1 JON STENSLAND 999009999 1 RYAN VETTRUS CPA P01243596 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANET SILVERSMITH 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 10756400 0 X WWW.MNMED.ORG X 1869 MN BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE & THE BEST PLACE TO PRACTICE 16 14 25 1381 195189 111321 0 0 2425481 2284671 1779120 1892670 30249 30235 4234850 4207576 25200 0 0 0 36000 2130478 0 0 0 3065343 1119917 3126543 3250395 1108307 957181 26567946 22248340 1676016 1722938 24891930 20525402 X TO BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE AND THE BEST PLACE TO PRACTICE. 0 0 FOUNDED IN 1853, THE MINNESOTA MEDICAL ASSOCIATION (MMA) IS THE STATE'S OLDEST AND LARGEST PROFESSIONAL MEMBERSHIP ASSOCIATION FOR PHYSICIANS AND PHYSICIANS-IN-TRAINING. THE MISSION OF THE MMA IS TO BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE AND THE BEST PLACE TO PRACTICE. WITH MORE THAN 10,000 MEMBERS, THE MMA ADVANCES ITS MISSION BY EDUCATING, CONVENING, AND COLLABORATING WITH STAKEHOLDERS TO EFFECTIVELY ADVOCATE, ENGAGE, EMPOWER, AND INFORM MINNESOTA PHYSICIANS. THE MMA PUBLISHES A BI-MONTHLY MAGAZINE, MINNESOTA MEDICINE; A WEEKLY ELECTRONIC NEWSLETTER; AND MAINTAINS A WEBSITE. THE ORGANIZATION ACCREDITS ORGANIZATIONS TO DELIVER CONTINUING MEDICAL EDUCATION, AND DIRECTLY PROVIDES CONTINUING MEDICAL EDUCATION ACTIVITIES. MEMBERS ENGAGE WITH THE MMA BY VOLUNTEERING ON COMMITTEES, ATTENDING EVENTS, PARTICIPATING IN ADVOCACY, SERVING AS MENTORS, AND ACCESSING EDUCATION. KEY STRATEGIC OUTCOMES FOR THE MMA INCLUDE IMPROVED PATIENT AND POPULATION HEALTH; IMPROVED HEALTH EQUITY; PROFESSIONAL SATISFACTION AND WELL-BEING; INCREASED MEMBERSHIP VALUE AND ENGAGEMENT; AND EMPOWERED PHYSICIANS TO NAVIGATE EVOLVING SYSTEMS AND CHANGING ROLES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 38 0 1 25 1 1 1 0 0 0 0 0 0 0 X 16 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X JON STENSLAND 6123781875 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 JANET SILVERSMITH CHIEF EXECUTIVE OFFICER 40.00 X 289018 0 29711 DAVID RENNER - DIRECTOR OF STATE & FEDERAL LEGISLATION 40.00 X 148728 0 19731 JON STENSLAND CHIEF FINANCIAL OFFICER 40.00 X 137588 0 15828 EDWIN BOGONKO MD CHAIR, BOARD OF TRUSTEES 1.00 X X 18000 0 0 RANDY RICE MD PRESIDENT 1.00 X X 13500 0 0 CINDY FIRKINS SMITH MD AMA DELEGATION CHAIR 1.00 X 6000 0 0 WILLIAM NICHOLSON MD PRESIDENT-ELECT 1.00 X X 4500 0 0 MARILYN PEITSO MD IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 CAROLYN MCCLAIN MD SECRETARY-TREASURER 1.00 X X 0 0 0 LYNN CORNELL MD TRUSTEE 1.00 X 0 0 0 SAAM DILMAGHANI MD TRUSTEE 1.00 X 0 0 0 ELIZABETH ELFSTRAND MD TRUSTEE 1.00 X 0 0 0 JONATHAN D GELBER MD TRUSTEE 1.00 X 0 0 0 DIONNE HART MD TRUSTEE 1.00 X 0 0 0 DANIA KAMP MD TRUSTEE 1.00 X 0 0 0 DERRICK LEWIS TRUSTEE 1.00 X 0 0 0 ABIGAIL RING MD TRUSTEE 1.00 X 0 0 0 AMRIT SINGH MD TRUSTEE 1.00 X 0 0 0 REBECCA THOMAS MD TRUSTEE 1.00 X 0 0 0 KIMBERLY TJADEN MD TRUSTEE 1.00 X 0 0 0 617334 0 65270 3 0 1 0 0 MEMBERSHIP DUES 812900 1574432 1574432 CME, ACCREDITATION SERVICES 812920 308838 263838 45000 PROGRAM SERVICES 812900 251212 251212 LOBBYING 812900 104669 0 104669 ADVERTISING 541800 45520 45520 2284671 513015 513015 30235 30235 7928479 6548824 1379655 1379655 1379655 4207576 2089482 195189 1922905 X 521145 1318394 68199 100978 121762 15 709914 144727 31239 66275 16497 32808 30762 STAFF EXPENSES 50303 UBIT 34345 MISCELLANEOUS 2812 CORPORATE EXPENSES 220 3250395 644546 1531051 1004914 217067 153367 49319 452268 442896 667039 653370 46477 13669 24162883 19793167 103491 106607 0 94564 26567946 22248340 467697 445918 1095830 1076853 112489 200167 1676016 1722938 X 24891930 20525402 24891930 20525402 26567946 22248340 X 957181 -5363826 40117 X X 0 1 X 1 0 0 0 1 1574432 77033 -26877 50156 94466 -44310 667039 653370 13669 13669 PAYABLE TO AFFILIATES 1277 DEFERRED COMPENSATION 104326 OPERATING LEASE OBLIGATION 94564 200167 X PART X, LINE 2: ASC 740 DISCLOSURE: THE ASSOCIATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6)OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE ASSOCIATION HAD INCOME TAX EXPENSE OF $35,300 IN 2022 AND IS INCLUDED IN CORPORATE EXPENSES ON THE CONSOLIDATING STATEMENT OF ACTIVITIES. CASH PAYMENTS FOR INCOME TAXES WERE $24,770 IN 2022. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X X X 0 1 0 JANET SILVERSMITH CHIEF EXECUTIVE OFFICER 289018 0 0 0 0 0 27585 0 2126 0 318729 0 0 0 DAVID RENNER - DIRECTOR OF STATE & FEDERAL LEGISLATION 148728 0 0 0 0 0 7338 0 12393 0 168459 0 0 0 JON STENSLAND CHIEF FINANCIAL OFFICER 137588 0 0 0 0 0 6740 0 9088 0 153416 0 0 0 PART I, LINE 4B JANET SILVERSMITH, $13,996 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO MANAGE THE BUSINESS OF THE ASSOCIATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND PERFORM OTHER DUTIES AS MAY BE ASSIGNED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES, WITH ALL ACTIONS TAKEN BEING REPORTED TO AND APPROVED BY THE BOARD OF TRUSTEES NO LATER THAN ITS NEXT REGULAR MEETING. THE EXECUTIVE COMMITTEE SHALL HAVE FIVE MEMBERS INCLUDING THE CHAIRPERSON OF THE BOARD OF TRUSTEES, PRESIDENT, PRESIDENT-ELECT, IMMEDIATE PAST PRESIDENT, AND SECRETARY-TREASURER. AT THE INVITATION OF THE CHAIR OF THE BOARD, OTHER PARTIES MAY ATTEND THE MEETING BUT SHALL HAVE NO RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS COMPRISED OF VARIOUS CLASSES ESTABLISHED PURSUANT TO THE BYLAWS OF THE CORPORATION AND HOLD RIGHTS AND PREFERENCES AS AUTHORIZED BY THE BYLAWS. MEMBERS PAY DUES AND FULFILL ELIGIBILITY REQUIREMENTS PURSUANT TO THE BYLAWS. MEMBER CLASSIFICATIONS INCLUDE: REGULAR MEMBERS, RETIRED MEMBERS, RESIDENTS, MEDICAL STUDENTS, EMERITUS MEMBERS AND AT-LARGE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO BYLAW PROVISIONS, MEMBERS OF THE ASSOCIATION HAVE RIGHTS TO VOTE FOR ELECTION OF MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS DO HAVE GOVERNANCE RIGHTS AND MUST APPROVE CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE FORM 990 IS THE RESPONSIBILITY OF THE MMA COMMITTEE ON FINANCE AND AUDIT AND THE APPROVAL IS THE RESPONSIBILITY OF THE MMA BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO NOTIFY THE ORGANIZATION WHEN CONFLICTS OF INTEREST OCCUR. THE ORGANIZATION MONITORS AND ENFORCES CONFLICT OF INTEREST COMPLIANCE REGULARLY. THE POLICY IS AVAILABLE AT ALL BOARD OF TRUSTEES MEETINGS AND IN THE ORGANIZATION'S EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT OUTSIDE FIRM IS PERIODICALLY USED TO EVALUATE THE MARKET FOR THE ORGANIZATION'S CEO COMPENSATION, MOST RECENTLY IN 2017. ALL STAFF POSITIONS EXCEPT THE CEO POSITION WERE ANALYZED IN A COMPENSATION ANALYSIS BY AN OUTSIDE CONSULTANT IN 2022. ALL DIRECTORS AND THE CEO ARE ENTITLED TO THE SAME BASIC BENEFITS AS OTHER EMPLOYEES UNLESS AN EXEMPTION IS MADE BY CONTRACT. THE MMA, BY CONTRACT, PROVIDES TERMINATION BENEFITS TO MMA'S CEO, CFO AND DIRECTOR OF ADVOCACY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE ORGANIZATION HAS ALSO POSTED ITS BYLAWS ON ITS WEBSITE. FORM 990, PART IX, LINE 11G CONSULTANTS 709,914. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS - MN MEDICAL BUSINESS RESOURCES 6,098. EQUITY IN EARNINGS - MN CREDENTIALING COLLABORATIVE 34,019. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS CHANGED FOR THE CURRENT YEAR. THE FINANCIAL STATEMENTS WERE AUDITED INSTEAD OF REVIEWED. MINNESOTA MEDICAL ASSOCIATION FOUNDATION 3433 BROADWAY ST NE SUITE 187 MINNEAPOLIS MN 55413 416031551 PHILANTHROPY, INCLUDING SCHOLARSHIPS FOR MEDICAL STUDENTS MN 501(C)(3) 509(A)(3), TYPE I N/A 0 MINNESOTA MEDICAL POLITICAL ACTION COMMITTEE 3433 BROADWAY ST NE SUITE 187 MINNEAPOLIS MN 55413 410858219 POLITICAL ACTION COMMITTEE MN 527 N/A 0 THE MINNESOTA CREDENTIALING COLLABORATIVE LLC 3433 BROADWAY STREET NE SUITE 187 MINNEAPOLIS MN 55413 262662232 CREDENTIALING SERVICES MN N/A RELATED 31130 16890 0 1 0.33330 MINNESOTA MEDICAL BUSINESS RESOURCES CORPORATION 3433 BROADWAY STREET NE SUITE 187 MINNEAPOLIS MN 55413 411752432 CONSULTING AND VARIOUS BENEFIT PROGRAMS MN C 22847 101248 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0