2025-11-11T10:55:14-06:00 2024-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2024-01-01 410418625 MINNESOTA MEDICAL ASSOCIATION MINN 6123781875 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 JON STENSLAND CHIEF FINANCIAL OFFICER 6123781875 2025-10-31 1 1 RYAN VETTRUS CPA P01243596 6514834521 2024 2025-03-06 01:10:19Z JANET SILVERSMITH 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 5802766 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 21 1639 213486 127495 0 0 2394465 2607737 769888 790926 30218 30341 3194571 3429004 0 20000 0 0 2258417 2335512 0 0 0 1198694 1437756 3457111 3793268 -262540 -364264 23245635 24632632 1462284 1483827 21783351 23148805 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 AND JOINTLY 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 43 0 1 21 1 1 1 0 0 0 0 0 0 0 X 16 14 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JON STENSLAND 6123781875 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 KIMBERLY TJADEN MD CHAIR, BOARD OF TRUSTEES 1.00 X X 18000 0 0 LAUREL RIES MD PRESIDENT 1.00 X X 13500 0 0 EDWIN BOGONKO MD PRESIDENT-ELECT 1.00 X X 4500 0 0 WILLIAM NICHOLSON MD IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 AMRIT SINGH MBBS 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 LORA PRINC 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 MELISSA EDGAR TRUSTEE 1.00 X 0 0 0 DAVID L SMITH MD TRUSTEE 1.00 X 0 0 0 REBECCA THOMAS MD TRUSTEE 1.00 X 0 0 0 GAURAV MEHTA MBBS TRUSTEE 1.00 X 0 0 0 CALEB SCHULTZ MD TRUSTEE 1.00 X 0 0 0 JANET SILVERSMITH CHIEF EXECUTIVE OFFICER 40.00 X 302556 0 15862 JON STENSLAND CHIEF FINANCIAL OFFICER 40.00 X 144569 0 18868 DAVID RENNER DIRECTOR OF ADVOCACY 40.00 X 140116 0 23491 DAN HAUSER DIR OF COMMUNICATIONS & EDUCATION 40.00 X 105675 0 17717 LORI BROSTROM EXECUTIVE DIRECTOR, CASIC 40.00 X 100222 0 6414 829138 0 82352 5 0 1 0 0 MEMBERSHIP DUES 812900 1675952 1675952 PROGRAM SERVICES 812900 470858 470858 CME, ACCREDITATION SERVICES 812900 292441 247441 45000 LOBBYING 812900 127143 127143 ADVERTISING 541800 41343 41343 2607737 598799 598799 30341 30341 2565889 2373762 192127 192127 192127 3429004 2394251 213486 821267 X 20000 517855 1477565 90293 115615 134184 56799 936020 151887 34924 62646 65754 1012 24347 STAFF EXPENSES 65263 UBIT 39104 3793268 408428 656028 1204991 1113452 69640 36119 382986 307083 541464 533369 0 8095 20995373 22355590 110772 103518 73445 52747 23245635 24632632 296836 368043 957080 850666 208368 265118 1462284 1483827 X 21783351 23148805 21783351 23148805 23245635 24632632 X -364264 1705973 23745 X X 0 1 X 1 0 0 0 1 1675952 128723 10211 138934 83798 55136 541464 533369 8095 8095 PAYABLE TO AFFILIATES 66497 DEFERRED COMPENSATION 145874 OPERATING LEASE OBLIGATION 52747 265118 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 $38,890 AND $34,478 IN 2024 AND 2023 AND IS INCLUDED IN CORPORATE EXPENSES ON THE CONSOLIDATING STATEMENT OF ACTIVITIES. CASH PAYMENTS FOR INCOME TAXES WERE $33,020 AND $34,250 IN 2024 AND 2023. 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. 0 MINNESOTA MEDICAL ASSOCIATION FOUNDATION 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 416031551 501(C)(3) 20000 0 INNOVATIVE PROJECTS IN MN 1 0 X X X 0 1 0 JANET SILVERSMITH CHIEF EXECUTIVE OFFICER 287680 0 0 0 14876 0 13343 0 2519 0 318418 0 0 0 DAVID RENNER DIRECTOR OF ADVOCACY 140116 0 0 0 0 0 8247 0 15244 0 163607 0 0 0 JON STENSLAND CHIEF FINANCIAL OFFICER 144569 0 0 0 0 0 7818 0 11050 0 163437 0 0 0 PART I, LINE 4B JANET SILVERSMITH, $14,876 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 4 THE BYLAWS WERE CHANGED IN AUGUST 2024 VIA A MEMBER VOTE. THE CHANGES AMEND MMA'S ARTICLES OF INCORPORATION (ARTICLES XII AND XIII) AND BYLAWS (SECTION 10) TO GRANT AUTHORITY TO THE MMA BOARD OF TRUSTEES TO AMEND ARTICLES AND BYLAWS BY A MAJORITY VOTE, SUBJECT TO AN ADVANCE 30-DAY MEMBER NOTICE AND COMMENT PERIOD. 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 HAVE POWERS TO ELECT BOARD MEMBERS AND TO REVIEW AND PROVIDE COMMENT ON PROPOSED AMENDMENTS TO GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS). 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 CONFLICT OF INTEREST DISCLOSURES (APPLIES TO OFFICERS, TRUSTEES, DELEGATES TO THE AMA, COMMITTEE MEMBERS WITH POWERS DELEGATED BY THE BOARD, CEO, AND STAFF DIRECTORS) ARE SIGNED AND COLLECTED ANNUALLY. COMPLIANCE IS ENFORCED BY A REVIEW OF DISCLOSURES BY CEO AND THE GOVERNANCE COMMITTEE, AND BY A CULTURE OF DISCLOSURE AMONG BOARD MEMBERS. THE POLICY IS AVAILABLE AT ALL BOARD OF TRUSTEES MEETINGS AND IS PART OF THE ORGANIZATION'S EMPLOYEE HANDBOOK AND OPERATING PROCEDURES MANUAL. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT OUTSIDE CONSULTANT IS PERIODICALLY USED TO EVALUATE THE MARKET FOR THE ORGANIZATION'S CEO COMPENSATION, MOST RECENTLY IN 2023. THE CEO COMPENSATION COMMITTEE, WHICH IS COMPRISED OF THE PRESIDENT, IMMEDIATE PAST-PRESIDENT, PRESIDENT-ELECT, BOARD CHAIR, AND SECRETARY-TREASURER, REVIEWS THE PERFORMANCE OF THE CEO AND DETERMINES ADJUSTMENTS TO COMPENSATION. THE BOARD OF TRUSTEES IS INFORMED OF AND APPROVES ANY ADJUSTMENTS TO CEO COMPENSATION. ALL STAFF POSITIONS EXCEPT THE CEO POSITION WERE ANALYZED IN A COMPENSATION ANALYSIS BY AN OUTSIDE CONSULTANT IN 2023. 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 ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE ON THE MMA WEBSITE; CONFLICT OF INTEREST POLICY AND FINANCIALS WILL BE MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS 936,020. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS - MN MEDICAL BUSINESS RESOURCES -6,574. EQUITY IN EARNINGS - MN CREDENTIALING COLLABORATIVE 30,319. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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 30319 16823 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 11374 92940 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0