Minnesota Academy Of Family Physicians Foundation
- Assets
- $382.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 36-3611238
Organization Overview
Minnesota Academy Of Family Physicians Foundation is located in Minneapolis, MN. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Academy Of Family Physicians Foundation 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 06/2022, Minnesota Academy Of Family Physicians Foundation generated $124.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $178.8k during the year ending 06/2022. While expenses have increased by 10.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MEDICAL STUDENTS: DAVID MERSY, M.D. STUDENT EXTERNSHIP PROGRAM- GRANTS ARE AWARDED TO MEDICAL STUDENTS WHO WANT TO GAIN CAREER EXPERIENCE AND KNOWLEDGE OF THE SPECIALTY OF FAMILY MEDICINE BY SPENDING THE SUMMER AT A FAMILY MEDICINE CLINIC CONDUCTING A CLINICAL RESEARCH OR NON-RESEARCH PROJECT WITH A FAMILY PHYSICIAN MENTOR.RESIDENT RESEARCH GRANT PROGRAM: GRANTS ARE AWARDED TO FAMILY MEDICINE RESIDENTS TO DESIGN A RESEARCH PROJECT AND GAIN REAL-WORLD RESEARCH EXPERIENCE, DEVELOP SKILLS IN BASIC RESEARCH METHODS AND UNDERSTAND THE IMPORTANCE OF FAMILY MEDICINE RESEARCH. RESIDENTS ARE MATCHED WITH A FAMILY PHYSICIAN RESEARCH MENTOR.INNOVATION GRANT PROGRAM GRANTS AWARDED TO MEMBERS WORKING TO IMPROVE PATIENT CARE THROUGH COMMUNITY AND CLINIC INNOVATION PROJECTS. OTHER PROGRAM EXPENSES: THE NEW PROGRAM DEVELOPMENT INITIATIVE INVITES HEALTHCARE ORGANIZATIONS TO PARTNER WITH THE MAFP FOUNDATION AND EXPLORE FUTURE PROGRAM OPPORTUNITIES THAT WILL IMPROVE THE HEALTH OF MINNESOTANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Slattengren Director | 1 | $0 | |
Christine Albrecht Director | 1 | $0 | |
Carolyn Kampa MD Director | 1 | $0 | |
Eduardo Medina MD Director | 1 | $0 | |
Lindsey Chmielewskimd Director | 1 | $0 | |
Erin Westhall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,868 |
| Total Program Service Revenue | $38,100 |
| Membership dues | $0 |
| Investment income | $4,384 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $660 |
| Total Revenue | $124,012 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,182 |
| Professional fees and other payments to independent contractors | $62,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,062 |
| Other expenses | $17,642 |
| Total expenses | $178,825 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $289,258 |
| Other assets | $0 |
| Total assets | $382,486 |
| Total liabilities | $118,933 |
| Net assets or fund balances | $263,553 |