Nonprofit · EIN 41-0418625
MINNESOTA MEDICAL ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,429,004 | $3,793,268 | -$364,264 | $24,632,632 | $1,483,827 | $23,148,805 |
| December 31, 2023 | 990 | $3,194,571 | $3,457,111 | -$262,540 | $23,245,635 | $1,462,284 | $21,783,351 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,607,737
- Investment income
- $790,926
- Royalties
- $30,341
- Net gain from sales of assets
- $192,127
- Other revenue
- $30,341
Expenses
- Grants and similar amounts paid
- $20,000
- Compensation of officers, directors and key employees
- $517,855
- Other salaries and wages
- $1,477,565
- Salaries, compensation and benefits (total)
- $2,335,512
- Professional fundraising fees
- $0
- Occupancy
- $34,924
- Travel
- $62,646
- Depreciation
- $1,012
Balance sheet and other
- Total assets, start of year
- $23,245,635
- Total assets, end of year
- $24,632,632
- Total liabilities, end of year
- $1,483,827
- Net assets, end of year
- $23,148,805
- Land, buildings and equipment
- $8,095
- Publicly traded securities
- $22,355,590
- Net assets without donor restrictions
- $23,148,805
- Gross unrelated business income
- $213,486
- Gross receipts
- $5,802,766
- Employees
- 21
- Volunteers
- 1,639
- Year formed
- 1869
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANET SILVERSMITH | CHIEF EXECUTIVE OFFICER Officer | 40 | $302,556 | $15,862 |
| DAVID RENNER | DIRECTOR OF ADVOCACY Highest-paid employee | 40 | $140,116 | $23,491 |
| JON STENSLAND | CHIEF FINANCIAL OFFICER Officer | 40 | $144,569 | $18,868 |
| DAN HAUSER | DIR OF COMMUNICATIONS & EDUCATION Highest-paid employee | 40 | $105,675 | $17,717 |
| LORI BROSTROM | EXECUTIVE DIRECTOR, CASIC Highest-paid employee | 40 | $100,222 | $6,414 |
| KIMBERLY TJADEN MD | CHAIR, BOARD OF TRUSTEES Trustee or director, Officer | 1 | $18,000 | $0 |
| LAUREL RIES MD | PRESIDENT Trustee or director, Officer | 1 | $13,500 | $0 |
| EDWIN BOGONKO MD | PRESIDENT-ELECT Trustee or director, Officer | 1 | $4,500 | $0 |
| WILLIAM NICHOLSON MD | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| AMRIT SINGH MBBS | SECRETARY-TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LYNN CORNELL MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAAM DILMAGHANI MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH ELFSTRAND MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORA PRINC MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIONNE HART MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIA KAMP MD | TRUSTEE Trustee or director | 1 | $0 |
| MELISSA EDGAR | TRUSTEE Trustee or director | 1 | $0 |
| DAVID L SMITH MD | TRUSTEE Trustee or director | 1 | $0 |
| REBECCA THOMAS MD | TRUSTEE Trustee or director | 1 | $0 |
| GAURAV MEHTA MBBS | TRUSTEE Trustee or director | 1 | $0 |
| CALEB SCHULTZ MD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANET SILVERSMITH | CHIEF EXECUTIVE OFFICER Officer | 40 | $297,523 | $31,444 |
| DAVID RENNER | DIRECTOR OF ADVOCACY Highest-paid employee | 40 | $152,633 | $21,561 |
| JON STENSLAND | CHIEF FINANCIAL OFFICER Officer | 40 | $144,057 | $17,832 |
| DAN HAUSER | DIR OF COMMUNICATIONS & EDUCATION Highest-paid employee | 40 | $105,851 | $17,080 |
| EDWIN BOGONKO MD | CHAIR, BOARD OF TRUSTEES Trustee or director, Officer | 1 | $13,500 | $0 |
| WILLIAM NICHOLSON MD | PRESIDENT Trustee or director, Officer | 1 | $13,500 | $0 |
| LAUREL RIES MD | PRESIDENT-ELECT Trustee or director, Officer | 1 | $4,500 | $0 |
| KIMBERLY TJADEN MD | SECRETARY-TREASURER Trustee or director, Officer | 1 | $4,500 | $0 |
| RANDY RICE MD | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LYNN CORNELL MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAAM DILMAGHANI MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH ELFSTRAND MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORA PRINC MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIONNE HART MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIA KAMP MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELISSA EDGAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L SMITH MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMRIT SINGH MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REBECCA THOMAS MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GAURAV MEHTA MBBS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3433 BROADWAY ST NE STE 187, MINNEAPOLIS, MN 55413-2199
- Principal officer (990 for 2024)
- JANET SILVERSMITH, 3433 BROADWAY STREET NE 187, MINNEAPOLIS, MN 55413
- Signed the 990
- JON STENSLAND, CHIEF FINANCIAL OFFICER
- Phone
- (612) 378-1875
- Website
- WWW.MNMED.ORG
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
TO BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE AND THE BEST PLACE TO PRACTICE.
Program accomplishments
- FOUNDED IN 1853, THE MINNESOTA MEDICAL ASSOCIATION (MMA) IS THE STATE'S OLDEST AND LARGEST PROFESSIONAL MEMBERSHIP ASSOCIATION FOR PHYSICIANS AND PHYSICIANS-IN-TRAINING. THE MISSION OF THE MMA IS TO BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE AND THE BEST PLACE TO PRACTICE. WITH MORE THAN 10,000 MEMBERS, THE MMA ADVANCES ITS MISSION BY EDUCATING, CONVENING, AND COLLABORATING WITH STAKEHOLDERS TO EFFECTIVELY ADVOCATE, ENGAGE, EMPOWER, AND INFORM MINNESOTA PHYSICIANS. THE MMA PUBLISHES A BI-MONTHLY MAGAZINE, MINNESOTA MEDICINE; A WEEKLY ELECTRONIC NEWSLETTER; AND MAINTAINS A WEBSITE. THE ORGANIZATION ACCREDITS ORGANIZATIONS TO DELIVER CONTINUING MEDICAL EDUCATION, AND DIRECTLY AND JOINTLY PROVIDES CONTINUING MEDICAL EDUCATION ACTIVITIES. MEMBERS ENGAGE WITH THE MMA BY VOLUNTEERING ON COMMITTEES, ATTENDING EVENTS, PARTICIPATING IN ADVOCACY, SERVING AS MENTORS, AND ACCESSING EDUCATION. KEY STRATEGIC OUTCOMES FOR THE MMA INCLUDE IMPROVED PATIENT AND POPULATION HEALTH; IMPROVED HEALTH EQUITY; PROFESSIONAL SATISFACTION AND WELL-BEING; INCREASED MEMBERSHIP VALUE AND ENGAGEMENT; AND EMPOWERED PHYSICIANS TO NAVIGATE EVOLVING SYSTEMS AND CHANGING ROLES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0418625
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,632,632
- Income (IRS master file)
- $5,802,766
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,429,004 | $3,793,268 | $24,632,632 | XML |
| 990 | December 2023 | $3,194,571 | $3,457,111 | $23,245,635 | XML |
| 990 | December 2022 | $4,207,576 | $3,250,395 | $22,248,340 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0418625).
Questions about MINNESOTA MEDICAL ASSOCIATION
- What is the EIN of MINNESOTA MEDICAL ASSOCIATION?
- The employer identification number (EIN) of MINNESOTA MEDICAL ASSOCIATION is 41-0418625.
- Is MINNESOTA MEDICAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1938.
- Are donations to MINNESOTA MEDICAL ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA MEDICAL ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNESOTA MEDICAL ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA MEDICAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MINNESOTA MEDICAL ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JANET SILVERSMITH.
- Who are the officers and directors of MINNESOTA MEDICAL ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 8 received compensation from the organization, the highest $302,556 (JANET SILVERSMITH, CHIEF EXECUTIVE OFFICER).
- How much revenue does MINNESOTA MEDICAL ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,429,004, expenses of $3,793,268 and total assets of $24,632,632 at year end.
Other nonprofits in MINNEAPOLIS
- THRIVENT FINANCIAL FOR LUTHERANS EIN 39-0123480 · last filed 990 for 2024
- UCARE MINNESOTA EIN 36-3573805 · last filed 990 for 2025
- ALLINA HEALTH SYSTEM EIN 36-3261413 · last filed 990 for 2024
- FAIRVIEW HEALTH SERVICES EIN 41-0991680 · last filed 990 for 2024
- HENNEPIN HEALTHCARE SYSTEM INC EIN 42-1707837 · last filed 990 for 2024
- STRATACOR EIN 41-1852523 · last filed 990 for 2024
- CHILDRENS HEALTH CARE EIN 41-1754276 · last filed 990 for 2024
- UNIVERSITY OF MINNESOTA PHYSICIANS EIN 41-1843943 · last filed 990 for 2025