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Medica Foundation

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

EIN: 411812461 ✦ Minnetonka, MN ✦ Designated as a 501(c)(3)

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Overview

What is Medica Foundation?

Medica Foundation is a nonprofit organization situated in Minnetonka, Minnesota. Their primary focus lies in the Behavioral Health funding area, which aims to support programs addressing serious mental illnesses and chemical addiction recovery. They prefer proposals that integrate physical and mental health care, address co-occurring disorders, and provide supportive and intensive case management services. Trauma-sensitive practices and a strengths-based approach to care are valued by the foundation. Medica Foundation's mission is to improve health and increase access to health care services, ultimately working towards health equity through community-led initiatives.


Official website here: www.medicafoundation.org

Is Medica Foundation legitimate?

Medica Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medica Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.medicafoundation.org

What is the mission statement of Medica Foundation?

The Medica Foundation aims to enhance the health of individuals in need by investing in community-led initiatives that promote health equity. Specifically, its Behavioral Health funding area supports programs that provide assistance for serious mental illness and chemical addiction recovery, integrate physical and mental health care, address co-occurring disorders, and offer supportive and intensive case management services. The foundation prefers organizations that exhibit trauma-sensitive practices and utilize a strengths-based approach to care.


Official website here: www.medicafoundation.org

Who is the CEO of Medica Foundation?

Elizabeth Erickson is the Director of Medica Foundation.


Official website here: www.medicafoundation.org

What is the revenue of Medica Foundation?

Medica Foundation's revenue in 2022 was $4,948,323.


Official website here: www.medicafoundation.org

Who are the executives of Medica Foundation and what are their salaries?


Here are 9 key members and their salaries:


John Buck (Director)
  • Compensation: $0
  • Related: $133,000
  • Other: $0
Samuel Leon (Director)
  • Compensation: $0
  • Related: $80,750
  • Other: $0
John Stanoch (Director & Chair)
  • Compensation: $0
  • Related: $92,625
  • Other: $0
Mary Twinem (Director & Vice Chair)
  • Compensation: $0
  • Related: $87,375
  • Other: $0
Mary P Quist (Svp Fin & Corp Controller)
  • Compensation: $0
  • Related: $663,642
  • Other: $55,294
Mark L Baird (Svp & Cfo)
  • Compensation: $0
  • Related: $1,039,962
  • Other: $27,542
David H Ellenbogen (Svp Sec & General Counsel)
  • Compensation: $0
  • Related: $735,741
  • Other: $99,633
Esther Tomljanovich (Former Director)
  • Compensation: $0
  • Related: $11,500
  • Other: $0
James P Jacobson (Former Svp & Gen Counsel)
  • Compensation: $0
  • Related: $595,469
  • Other: $0


Official website here: www.medicafoundation.org

Where can I find the form 990 for Medica Foundation?

Medica Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.medicafoundation.org

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

Mission Statement of Medica Foundation

Medica Foundation, a philanthropic organization, aims to enhance health and increase access to healthcare services for individuals in need. Their mission is to achieve this goal by investing in community-driven initiatives that promote health equity. The foundation primarily focuses on improving the health of underserved populations by funding programs that address gaps in existing services, integrate physical and mental healthcare, and provide supportive and intensive case management services for individuals struggling with serious mental illness and chemical addiction recovery. Organizations that exhibit trauma-sensitive practices and adopt a strengths-based approach to care are preferred by Medica Foundation. This approach emphasizes recognizing and building upon an individual's strengths to foster their overall well-being and resilience.

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Impact




October, 2024

Medica Foundation significantly impacts health and healthcare access by funding programs that enhance community health and address critical needs. By prioritizing behavioral health, the foundation seeks proposals for innovative initiatives aimed at supporting individuals with serious mental illness and those recovering from chemical addiction. Their efforts focus on closing existing service gaps, integrating physical and mental health care, and addressing co-occurring disorders.

The foundation champions a strengths-based approach and emphasizes trauma-sensitive practices, ensuring that services are not only effective but also compassionate. Operating from Minnetonka, MN, Medica Foundation’s mission is clear: to improve the health of underserved populations by investing in community-led projects that foster health equity. Through strategic funding, they empower local organizations to implement initiatives that are responsive to the unique needs of their communities, ultimately creating a healthier and more equitable society.




This information is meant to be a general summary of Medica Foundation. 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
$4,948,323 (2022)
Expenses
$2,196,274 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,148,323
  • Gross Receipts: $6,015,911

Assets and Liabilities:

  • Total Assets: $61,623,458
  • Total Liabilities: $1,395,700
  • Net Assets: $60,227,758

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Organization Details

Founding Year

1996

Principal Officer

Elizabeth Erickson

Main Address

401 CARLSON PARKWAY CP 330, MINNETONKA, MN, 55305

NTEE Category

Code: E700 - Health

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