Medica Research Institute
- Assets
- $13.3m
- Revenue
- $748.4k
- Investments
- $12.3m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- Data as of
- 12/2016
- EIN
- 27-0600894
Organization Overview
Medica Research Institute is located in Minnetonka, MN. Medica Research Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2016, Medica Research Institute generated $748.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.5%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
MEDICA RESEARCH INSTITUTE CONDUCTS RESEARCH TO ADVANCE KNOWLEDGE THAT INFORMS VALUE-BASED HEALTH CARE AND ACCOUNTABLE COMMUNITIES FOR HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn E Andis SVP Government Programs | OfficerTrustee | 0 | $0 |
Kristina Bloomquist Executive Director | OfficerTrustee | 0 | $0 |
James P Jacobson Svp, General Counsel, & Sec. | OfficerTrustee | 0 | $0 |
Debby S Knutson SVP Hr | Trustee | 0 | $0 |
Robert Longendyke SVP & Cmo | Trustee | 0 | $0 |
Mary P Quist VP Fin & Controller, Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $563,444 |
| Investment income | $279,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$94,851 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,759 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,325 |
| Fees for services: Other | $198,853 |
| Advertising and promotion | $11,545 |
| Office expenses | $4,057 |
| Information technology | $1,890 |
| Royalties | $0 |
| Occupancy | $460,624 |
| Travel | $26,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,651 |
| Total functional expenses | $3,028,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,597 |
| Accounts receivable, net | $10,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,263,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,264,225 |
| Accounts payable and accrued expenses | $399,023 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $399,023 |
| Unrestricted restricted net Assets | $12,865,202 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $12,865,202 |
Grants Awarded
Over the last fiscal year, Medica Research Institute has awarded $112,759 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS UNIVERSITY OF MINNESOTA PURPOSE: PROGRAM SUPPORT FOR RESEARCH | $25,349 |
URBAN INSTITUTE PURPOSE: CONSULTANT ON RWJF RESEARCH PROJECT | $6,021 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: FELLOWSHIP PROGRAM AGREEMENT | $63,404 |
ACCESSIBLE TRANSLATION SOLUTIONS LLC PURPOSE: CONSULTANT SERVICES ON PROJECT 158 | $6,020 |
UBIQUS REPORTING INC PURPOSE: CONSULTANT SERVICES ON PROJECT 158 | $11,965 |