Public Charity

MEDICA FOUNDATION

Based in MINNETONKA, MN, MEDICA FOUNDATION operates as a Public Charity. The organization reported $7.6M in revenue, $3.5M in expenses, $76.2M in total assets for fiscal year 2024. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $26.8M.

EIN: 411812461 MINNETONKA, MN Latest filing: 2024
Total Revenue$7.6M
Total Expenses$3.5M
Total Assets$76.2M
Grant Records6
Funding Total$26.8M
Filing Years2019–2024

Mission

THE FOUNDATION GENERALLY SEEKS TO IMPROVE THE HEALTH OF THOSE IN NEED BY INVESTING IN COMMUNITY-LED INITIATIVES THAT ADVANCE HEALTH EQUITY.

Officers & Directors

SVP & CHIEF LEGAL OFFICER, SECRETARY Alicia Reuter
FORMER SVP SEC & GEN COUNSEL David H Ellenbogen
PRESIDENT, CEO, & TREAS THRU 1/2024 Elizabeth F Erickson
DIRECTOR Gaye Adams Massey
FORMER SVP SEC & GEN COUNSEL James P Jacobson
DIRECTOR John Buck

Officer compensation and complete director data available with membership.

Top Grant Purposes

PROGRAM SUPPORT
$12,000,000 2 grants
TO SUPPORT BEST PRACTICES OF THE ORGANIZATION.
$7,000,000 2 grants
PROGRAM SUPPORT PROGRAM SUPPORT
$5,000,000 1 grant
TO SUPPORT BEST PRACTICES OF ORGANIZATION.
$2,800,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $7.6M $3.5M $76.2M
2023 $6.0M $2.8M $70.8M
2022 $4.9M $2.2M $61.6M
2020 $13.1M $5.0M $64.6M
2019 $10.2M $2.5M $52.4M

Between 2019 and 2024, reported annual revenue declined from $10.2M to $7.6M (-25%), with total assets most recently reported at $76.2M.

Interactive year-over-year charts and full filing details available with membership.

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