NonprofitsMedica Foundation

Health Care

Medica Foundation

MINNETONKA, MN

Total revenue

$7.6M

Total expenses

$3.5M

Net assets

$74.4M

Grants received

$18.8M

4 grants

EIN

411812461

Tax year

2024

Mission

The medica foundation funds programs that improve heath and increase access to health care services

Programs

4 programs

Early childhood health: we seek proposals for early intervention programs that support families and children, and foster optimal growth and development for children from birth through age 12. We prioritize proposals that provide culturally focused care and that strategically align their work to advance health equity. We prioritize proposals that address: abuse prevention, maternal health and birth equity (e.g., prenatal/perinatal care and doula support), oral health, parenting skills, primary care and immunizations eligibility: non-health related education and lifestyle programs, including physical activity and nutrition, are ineligible. Programs, such as camps, that are one-time experiences are also ineligible. Mental health proposals for children should be submitted through our behavioral health funding area. Please note that these are program grants. Although we do not provide fully unrestricted funding, our grants can be used for expenses needed to carry out the program, including staff and a portion for overhead.

Expenses: $400KGrants: $400K

Rural health: we aim to fund community-led solutions that address health equity in rural communities. We prioritize proposals that address: culturally-focused care, dental health, domestic violence and sexual assault services and prevention, independent living for seniors, maternal and birth health, mental health and chemical health, primary care for underserved communities, sexual health, transportation for medical/health appointments. Eligibility: rural health grant recipients are eligible to submit an application for funding in consecutive years. Funding is limited to organizations based outside of the seven-county twin cities metropolitan area. Organizations seeking to do work within our service area but do not have a physical presence in greater minnesota are ineligible. Funding requests for events, sponsorships, seminars, museums, camps, and general health and wellness activities including nutrition, exercise, etc., are ineligible.

Expenses: $400KGrants: $400K

Medica foundation general funding

Expenses: $350KGrants: $350K

Medica foundation strategic grant

Expenses: $200KGrants: $200K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$7.6M
Other revenue
Total revenue$7.6M

Expenses

Grants paid$2.9M
Salaries & benefits
Fundraising
Other expenses$663K
Total expenses$3.5M
Total assets$76.2M
Net assets$74.4M

People

13 listed

NameRoleCompensation

JOHN BUCK

DIRECTOR

Board

0

JOHN STANOCH

DIRECTOR & CHAIR

Board

0

MARY TWINEM

DIRECTOR & VICE CHAIR

Board

0

GAYE ADAMS MASSEY

DIRECTOR

Board

0

UGWUJI MADUEKWE

DIRECTOR

Board

0

ELIZABETH F ERICKSON

PRESIDENT, CEO, & TREAS THRU 1/2024

Board

0

MARY P QUIST

SR. VP, FINANCE THRU 6/2024

Board

0

KRISTA DUSIL

SVP, CFO, & TREASURER

Board

0

ALICIA REUTER

SVP & CHIEF LEGAL OFFICER, SECRETARY

Board

0

SAMUEL LEON

FORMER DIRECTOR

Staff

0

MARK L BAIRD

FORMER SVP & CFO

Staff

0

JAMES P JACOBSON

FORMER SVP SEC & GEN COUNSEL

Staff

0

DAVID H ELLENBOGEN

FORMER SVP SEC & GEN COUNSEL

Staff

0

Independent contractors

MEDICA SERVICES COMPANY

LEASED EMPLOYEES

$480K

Grants received

Showing 4 of 4

FromAmountPurposeYear
$3.5M
TO SUPPORT BEST PRACTICES OF THE ORGANIZATION.
2023
$3.5M
TO SUPPORT BEST PRACTICES OF THE ORGANIZATION.
2023
$2.8M
TO SUPPORT BEST PRACTICES OF ORGANIZATION.
2022
$9M
PROGRAM SUPPORT
2020

Funded by

$18.8M from 1 funder · 4 grants · 2020–2023

Medica Health Plans

$18.8M · 4 grants · 2020–2023

Details

EIN411812461
NTEE codeE700
Subsection03
Ruling date1995-09
Formed1996
Employees0
Volunteers0
MEDICA FOUNDATION — Mission, Financials & Grants Received | Grantivo