Medica Foundation
- Assets
- $61.6m
- Revenue
- $4.9m
- Investments
- $61.2m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 41-1812461
Organization Overview
Medica Foundation is located in Minnetonka, MN. The organization was established in 1995. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medica Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Medica Foundation generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Medica Foundation has awarded 507 individual grants totaling $14,545,074. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FUNDS PROGRAMS THAT IMPROVE HEALTH AND INCREASE ACCESS TO HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEHAVIORAL HEALTH: THE BEHAVIORAL HEALTH FUNDING AREA SEEKS PROPOSALS FOR NEW OR EXPANDING PROGRAMS THAT PROVIDE SUPPORT FOR SERIOUS MENTAL ILLNESS AND CHEMICAL ADDICTION RECOVERY, INCLUDING PROGRAMS THAT ADDRESS GAPS IN CURRENT SERVICE; INTEGRATE PHYSICAL AND MENTAL HEALTH CARE; ADDRESS CO-OCCURRING DISORDERS AND PROVIDE SUPPORTIVE AND INTENSIVE CASE MANAGEMENT SERVICES. ORGANIZATIONS EXHIBITING TRAUMA-SENSITIVE PRACTICES AND USING A STRENGTHS-BASED APPROACH TO CARE ARE PREFERRED.
EARLY CHILDHOOD HEALTH: THE EARLY CHILDHOOD HEALTH FUNDING AREA SEEKS PROPOSALS FOR NEW OR EXPANDING EARLY INTERVENTION PROGRAMS THAT FOCUS ON DEVELOPING HEALTHY FAMILIES TO FOSTER OPTIMAL GROWTH AND DEVELOPMENT OF YOUNG CHILDREN. PROGRAMS SHOULD EMBRACE THE NEEDS OF THE WHOLE-CHILD/WHOLE-FAMILY AND MAY INCORPORATE THE HEALTH AND WELLBEING COMPONENTS OF THE TWO-GENERATION APPROACH THAT IS CENTRAL TO SUPPORTING CHILDREN AND PARENTS SIMULTANEOUSLY. PROGRAMMING FOCUSES ON CHILDREN BIRTH THROUGH AGE TWELVE AND MAY INVOLVE PARENTS, CAREGIVERS, HEALTH CARE PROVIDERS, SCHOOLS, SHELTERS, EARLY CHILDHOOD PROGRAMS AND THE OVERALL COMMUNITY. ORGANIZATIONS EXHIBITING TRAUMA-SENSITIVE PRACTICES AND USING A STRENGTHS-BASED APPROACH TO CARE ARE PREFERRED.
RURAL HEALTH: RURAL AREAS HAVE SPECIFIC HEALTH NEEDS THAT ARE UNDERSTOOD BEST BY THOSE WITHIN THEIR OWN COMMUNITIES. WE AIM TO SUPPORT COMMUNITY-LED SOLUTIONS TO HEALTH CONCERNS WITH THE NONPROFITS IN THOSE AREAS. THIS FUNDING AREA SUPPORTS HEALTH-RELATED PROGRAMMING THAT IS ESSENTIAL TO AN ORGANIZATION?S NONPROFIT MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Buck Director | Trustee | 0 | $0 |
Samuel Leon Director | Trustee | 0 | $0 |
John Stanoch Director & Chair | OfficerTrustee | 0 | $0 |
Mary Twinem Director & Vice Chair | OfficerTrustee | 0 | $0 |
Mary P Quist SVP Fin & Corp Controller | Officer | 0 | $0 |
Mark L Baird SVP & CFO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,800,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,800,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,359,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $788,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,948,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,395,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200,574 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $600,000 |
| Total functional expenses | $2,196,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $326,830 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $61,242,778 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,623,458 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,395,700 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,395,700 |
| Net assets without donor restrictions | $60,227,758 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $61,623,458 |
Grants Awarded
Over the last fiscal year, Medica Foundation has awarded $1,500,700 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL FUNDING | $10,000 |
ANGELS OF MCGREGOR PURPOSE: RURAL HEALTH | $5,400 |
ARROWHEAD HEALTH ALLIANCE PURPOSE: GENERAL FUNDING | $10,000 |
BANISTERS LEADERSHIP ACADEMY PURPOSE: BEHAVIORAL HEALTH | $20,000 |
BARNESVILLE AMBULANCE PURPOSE: RURAL HEALTH | $8,300 |
CARE CLINIC PURPOSE: RURAL HEALTH | $10,000 |