Minnesota Medical Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410418625 ✦ Minneapolis, MN ✦ Designated as a 501(c)(6)

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Overview

What is Minnesota Medical Association?

Established in 1853, the Minnesota Medical Association (MMA) is the oldest and largest professional organization in Minnesota, catering to physicians and medical students. With a mission to make Minnesota the healthiest state and the best place for medical practice, the MMA boasts over 10,000 members. The organization achieves this mission through various initiatives, such as education, collaboration, and advocacy. Members engage with the MMA by volunteering on committees, attending events, participating in advocacy, serving as mentors, and accessing educational resources. The MMA publishes a bi-monthly magazine, Minnesota Medicine, and maintains a website to disseminate information. Additionally, it accredits organizations to deliver continuing medical education and offers direct educational activities. The MMA's strategic objectives include enhancing patient and population health, promoting health equity, increasing member satisfaction, and empowering physicians to navigate evolving medical systems.


Official website here: www.mnmed.org

Is Minnesota Medical Association legitimate?

Minnesota Medical Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Medical Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $521,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,318,394

For more financial information, click here


Official website here: www.mnmed.org

What is the mission statement of Minnesota Medical Association?

The Minnesota Medical Association (MMA), established in 1853, serves as the leading voice of medicine with a mission to make Minnesota the healthiest state and the best place to practice medicine. With over 10,000 members, the MMA achieves its mission by educating, collaborating with stakeholders, and advocating effectively for Minnesota physicians. The organization publishes a bi-monthly magazine, electronic newsletter, and maintains a website. The MMA also accredits organizations to deliver continuing medical education and provides direct continuing medical education activities. Members engage with the MMA through volunteering, attending events, participating in advocacy, serving as mentors, and accessing education. Key strategic outcomes for the MMA include improved patient and population health, health equity, professional satisfaction and well-being, increased membership value and engagement, and empowered physicians to navigate evolving systems and changing roles.


Official website here: www.mnmed.org

Who is the CEO of Minnesota Medical Association?

Janet Silversmith is the Chief Executive Officer of Minnesota Medical Association. The CEO's salary of Minnesota Medical Association is $289,018 and their total compensation is $318,729.


Official website here: www.mnmed.org

What is the revenue of Minnesota Medical Association?

Minnesota Medical Association's revenue in 2022 was $4,207,576.


Official website here: www.mnmed.org

Who are the executives of Minnesota Medical Association and what are their salaries?

The average compensation at Minnesota Medical Association during 2022 was $73,582. There are 25 employees and 1381 volunteers at Minnesota Medical Association.


Here are 20 key members and their salaries (Minnesota Medical Association's CEO's salary is $289,018 and their total compensation is $318,729):


Janet Silversmith (Chief Executive Officer)
  • Compensation: $289,018
  • Related: $0
  • Other: $29,711
David Renner - Director Of (State & Federal Legislation)
  • Compensation: $148,728
  • Related: $0
  • Other: $19,731
Jon Stensland (Chief Financial Officer)
  • Compensation: $137,588
  • Related: $0
  • Other: $15,828
Edwin Bogonko Md (Chair, Board Of Trustees)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Randy Rice Md (President)
  • Compensation: $13,500
  • Related: $0
  • Other: $0
Cindy Firkins Smith Md (Ama Delegation Chair)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
William Nicholson Md (President-Elect)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Marilyn Peitso Md (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Mcclain Md (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Cornell Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Saam Dilmaghani Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Elfstrand Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan D Gelber Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dionne Hart Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dania Kamp Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derrick Lewis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abigail Ring Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amrit Singh Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Thomas Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Tjaden Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mnmed.org

Where can I find the form 990 for Minnesota Medical Association?

Minnesota Medical Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mnmed.org

Learn more at the official website: www.mnmed.org

Mission Statement of Minnesota Medical Association

The Minnesota Medical Association (MMA), established in 1853, serves as the leading voice of medicine with the mission to make Minnesota the healthiest state and the best place to practice. This organization, comprising over 10,000 physicians and medical students, strives to accomplish its mission by educating, collaborating, and advocating with stakeholders. The MMA achieves this through various means, such as publishing a bi-monthly magazine, sending out a weekly electronic newsletter, and maintaining an informative website. Furthermore, the association accredits organizations to deliver continuing medical education and provides its own continuing medical education activities for members. Members engage with the MMA by volunteering on committees, attending events, participating in advocacy, serving as mentors, and accessing education opportunities. The MMA's strategic goals encompass improving patient and population health, promoting health equity, increasing member satisfaction and well-being, enhancing membership value and engagement, and empowering physicians to navigate evolving systems and changing roles.

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Impact




October, 2024

The Minnesota Medical Association (MMA) serves as a crucial advocate for physicians and healthcare in the state, striving to make Minnesota the healthiest state and the best environment for medical practice. Founded in 1853, the MMA has grown to encompass over 10,000 members, including both established physicians and those in training.

Its impact is multifaceted, focusing on education, advocacy, and collaboration with various stakeholders to navigate the rapidly evolving landscape of healthcare. By providing continuing medical education and resources, the MMA ensures that physicians are up to date with the latest medical advancements and practices. This commitment to education not only enhances individual physician expertise but also improves patient care across the state.

Additionally, the MMA plays a vital role in advocating for improved patient and population health, health equity, and the overall well-being of its members. This includes empowering physicians to manage changing roles within the healthcare system and address issues that affect both healthcare providers and patients.

Through regular communication channels such as a bi-monthly magazine and weekly newsletters, the MMA keeps its members informed and engaged, fostering a strong sense of community within the medical profession. By actively involving its members in committees, events, and advocacy work, the MMA enhances the membership experience and strengthens the collective voice of medicine in Minnesota. Ultimately, the MMA's initiatives contribute significantly to the quality of healthcare, professional satisfaction, and the pursuit of better health outcomes for all Minnesota residents.




This information is meant to be a general summary of Minnesota Medical Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,207,576 (2022)
Expenses
$3,250,395 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,892,670
  • Program Service Revenue: $2,284,671
  • Gross Receipts: $10,756,400

Assets and Liabilities:

  • Total Assets: $22,248,340
  • Total Liabilities: $1,722,938
  • Net Assets: $20,525,402

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$1,574,432

CME, ACCREDITATION SERVICES

Revenue

$308,838

PROGRAM SERVICES

Revenue

$251,212

LOBBYING

Revenue

$104,669

ADVERTISING

Revenue

$45,520

Organization Details

Founding Year

1869

Principal Officer

Janet Silversmith

Main Address

3433 BROADWAY STREET NE 187, MINNEAPOLIS, MN, 55413

NTEE Category

Code: G03 - Disease

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