2025-11-14T08:58:06-06:00 2024-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2024-01-01 416031551 MINNESOTA MEDICAL ASSOCIATION FOUNDATION MINN 6123781875 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 JON STENSLAND CFO 6123781875 2025-10-29 1 1 RYAN VETTRUS CPA P01243596 6514834521 2024 2025-03-06 01:10:19Z KRISTEN GLOEGE 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 3095133 0 X WWW.MMAFOUNDATION.ORG X 1958 MN THE FOUNDATION'S MISSION IS TO ADVANCE THE MMA'S MISSION TO BE THE LEADING VOICE OF MEDICINE, TO MAKE MINNESOTA THE HEALTHIEST STATE, AND THE BEST PLACE TO PRACTICE. 12 12 0 35 0 0 201140 189086 0 0 89455 278179 4140 0 294735 467265 20407 11545 0 0 69378 59936 0 0 0 100862 29179 190647 100660 104088 366605 1969476 2202514 34665 42519 1934811 2159995 X THE FOUNDATION'S MISSION IS TO BE THE MMA'S PHILANTHROPIC PARTNER IN MAKING MINNESOTA THE HEALTHIEST STATE AND BEST PLACE TO PRACTICE. 0 0 37809 11545 0 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. 37809 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X THE ORGANIZATION 6123781875 3433 BROADWAY STREET NE 187 MINNEAPOLIS MN 55413 JUAN BOWEN MD PAST-PRESIDENT 1.00 X 0 0 0 GEORGE SCHOEPHOERSTER MD PRESIDENT 1.00 X X 0 0 0 JANET SILVERSMITH SECRETARY 1.00 X X 0 0 0 STEPHEN PALMQUIST MD TREASURER 1.00 X X 0 0 0 GEORGE LOHMER DIRECTOR 1.00 X 0 0 0 MACARAN BAIRD MD DIRECTOR 1.00 X 0 0 0 DAVID AGERTER MD DIRECTOR 1.00 X 0 0 0 ED EHLINGER MD DIRECTOR 1.00 X 0 0 0 VERNA THORNTON MD DIRECTOR 1.00 X 0 0 0 FATIMA JIWA MBCHB DIRECTOR 1.00 X 0 0 0 KASEY JUSTESEN MD DIRECTOR 1.00 X 0 0 0 TIFFANY ONYEJIAKA DIRECTOR 1.00 X 0 0 0 KRISTEN GLOEGE CHIEF EXECUTIVE OFFICER 12.00 28.00 X 0 96226 15575 0 96226 15575 0 0 0 0 0 189086 189086 50184 50184 2855863 2627868 227995 227995 227995 467265 0 0 278179 7000 7000 4545 4545 52514 18889 33625 3033 1091 1942 385 138 247 4004 1440 2564 2690 2690 990 990 CONSULTING 25113 4706 20407 STAFF BUSINESS EXPENSE 361 361 STATE FILING FEES 25 25 100660 37809 62851 0 377827 339256 6200 100400 1562593 1736428 22856 26430 1969476 2202514 17603 25687 17062 16832 34665 42519 X 1388803 1466020 546008 693975 1934811 2159995 1969476 2202514 X 366605 -142921 1500 X 1 X 1 X 0 0 X X 1 MINNESOTA MEDICAL ASSN 410418625 10 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B REVENUE OF SUPPORTED ORGANIZATION WAS GREATER THAN 33 1/3% FROM RELATED ACTIVITIES AND LESS THAN 33 1/3% FROM GROSS INVESTMENT INCOME AND UNRELATED BUSINESS INCOME, BASED ON ITS FORM 990 REPORTING. PART IV, SECTION A, LINE 3C SUPPORTED ORGANIZATION RECEIVED NO FUNDS FROM THE FOUNDATION IN 2024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 342804 124000 11252 4500 473556 294004 24500 31372 7072 342804 283652 27000 16638 294004 331490 101500 23299 172637 283652 1236187 9297 913994 331490 0.00000 1.00000 0.00000 0 0 0 X 324344 -142921 -142921 467265 0 467265 99160 -1500 -1500 100660 0 100660 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS ARE TO PROVIDE INCOME WHICH IS AVAILABLE FOR RESTRICTED AND UNRESTRICTED PURPOSES. THE FOUNDATION'S ENDOWMENTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS. PART X, LINE 2: FIN 48 DISCLOSURE FROM REVIEWED FINANCIAL STATEMENTS: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE FINANCIAL STATEMENTS. BECAUSE THE FOUNDATION IS A PUBLIC CHARITY, CONTRIBUTIONS MAY QUALIFY FOR TAX DEDUCTIONS BY THE CONTRIBUTORS. THE FOUNDATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THE FOUNDATION 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 FOUNDATION HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE FOUNDATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETURNED SCHOLARSHIP REPORTED AS AN ADJUSTMENT TO NET ASSETS -1,500. 1 0 0 SCHOLARSHIP GRANTS 3 4545 PART I, LINE 2: MMAF MAKES GRANTS FOR SCHOLARSHIPS FOR FULL-TIME MEDICAL STUDENTS. SCHOLARSHIPS ARE MONITORED BY THE MMA FOUNDATION'S CEO. THE SCHOLARSHIP GRANT AWARDEE MUST SIGN AND SUBMIT A CERTIFICATION TO CONFIRM ELIGIBILITY; MEDICAL STUDENTS WHO RECEIVE A SCHOLARSHIP GRANT MUST RETURN A SIGNED CONTRACT AND SUBMIT A PROGRESS REPORT AND A FINAL REPORT, WHICH INCLUDES SPENDING BY LINE ITEM FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE MINNESOTA MEDICAL ASSOCIATION BOARD OF TRUSTEES ARE THE SOLE MEMBERS OF THE MMAF. FORM 990, PART VI, SECTION A, LINE 7A MMA FOUNDATION BOARD OF DIRECTORS ARE APPOINTED BY ITS MEMBERS (MMA BOARD OF TRUSTEES) AS PER MMAF BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B ARTICLES OF INCORPORATION AND BYLAWS MAY BE ADOPTED, AMENDED, RESTATED OR REPEALED UPON THE APPROVAL OF A MAJORITY OF THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE MINNESOTA MEDICAL ASSOCIATION FOUNDATION'S FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING AND THE BOARD MAKES NECESSARY CHANGES AND/OR FORMALLY APPROVES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C MINNESOTA MEDICAL ASSOCIATON FOUNDATION DIRECTORS ARE REQUIRED ON AN ANNUAL BASIS TO SIGN A CONFLICT OF INTEREST FORM AND DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A ANNUAL COMPENSATION RECOMMENDATIONS FOR THE EXECUTIVE DIRECTOR ARE APPROVED BY THE BOARD OF DIRECTORS OF THE MINNESOTA MEDICAL ASSOCIATON FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S BY-LAWS (WHICH INCLUDES ITS CONFLICT OF INTEREST POLICY) ARE POSTED ON THE FOUNDATION'S WEBSITE. OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SCHOLARSHIP RETURNED 1,500. MINNESOTA MEDICAL ASSN 3433 BROADWAY ST NE SUITE 187 MINNEAPOLIS MN 55413 410418625 MMAF IS THE CHARITABLE FOUNDATION OF THE MN MEDICAL ASSOCIATION. MN 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0