Twin Cities Medical Society Foundation
- Assets
- $2.1m
- Revenue
- $216.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 51-0178010
Organization Overview
Twin Cities Medical Society Foundation is located in Roseville, MN. The organization was established in 1978. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Medical Society 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 12/2021, Twin Cities Medical Society Foundation generated $216.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $400.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Twin Cities Medical Society Foundation has awarded 20 individual grants totaling $505,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TCMSF IS A PHYSICIAN-LED PHILANTHROPIC ORGANIZATION THAT STRIVES TO IMPROVE THE HEALTH AND WELLBEING OF THE COMMUNITY THROUGH STRATEGIC INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWIN CITIES MEDICAL SOCIETY FOUNDATION (TCMSF) HAS A RICH HISTORY OF RESPONDING TO THE NEEDS OF THE COMMUNITY. INITIATING A MASS IMMUNIZATION EFFORT AIMED AT RUBELLA WAS ONE OF ITS INITIAL PROJECTS IN THE 1970S; TODAY THE FOUNDATION'S PRIORITIES ARE TO PROVIDE FUNDING TO ORGANIZATIONS THAT OFFER HEALTHCARE SERVICES AND RESOURCE CONNECTIONS TO OUR UNDERSERVED RESIDENTS. WE ALSO EXCEL IN CELEBRATING OUR PHYSICIANS OF EXCELLENCE AND MEDICAL STUDENT SCHOLARS WITH AWARD RECOGNITIONS. IMPACT:HONORING CHOICES MINNESOTA IS THE STALWART PUBLIC HEALTH INITIATIVE OF THE TWIN CITIES MEDICAL SOCIETY FOUNDATION, WORKING IN COLLABORATION WITH ORGANIZATIONS THROUGHOUT MINNESOTA AND THE NATION TO PROMOTE ADVANCE CARE PLANNING. WWW.HONORINGCHOICES.ORGIN ADDITION, THE FOUNDATION IS HONORED TO SERVE AS THE FISCAL AGENT FOR THE DR. PETE DEHNEL PUBLIC HEALTH ADVOCACY FELLOWSHIP, WHERE MEDICAL STUDENTS ARE GIVEN THE OPPORTUNITY TO JOIN TCMS MEMBERS BY ENGAGING THEIR VOICES AND SKILLS IN PUBLIC HEALTH ADVOCACY WORK.SINCE 2015, TCMSF HAS PROVIDED OVER $298,000 IN GRANT DOLLARS TO OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Stiles MD Treasurer | OfficerTrustee | 1 | $0 |
Mark Engasser MD Vice Chair | OfficerTrustee | 1 | $0 |
Angela Vong MD Secretary | OfficerTrustee | 1 | $0 |
Elisabeth Hurliman MD PHD Chair | OfficerTrustee | 1 | $0 |
Annie Krapek CEO Beginning August 2021 | Officer | 1 | $0 |
Ruth Parriott CEO Through February 2021 | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Minnesota Medical Joint Services Organiz Administrative Services | 12/30/16 | $268,231 |
Kare 11 Convenings Campaign | 12/30/16 | $132,500 |
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 | $135,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,603 |
| Total Program Service Revenue | $4,350 |
| Investment income | $20,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,517 |
| Fees for services: Other | $283,648 |
| Advertising and promotion | $0 |
| Office expenses | $249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $400,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $331,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,650 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,718,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,052,064 |
| Accounts payable and accrued expenses | $2,500 |
| Grants payable | $0 |
| Deferred revenue | $39,000 |
| 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 | $51,044 |
| Total liabilities | $92,544 |
| Net assets without donor restrictions | $1,903,662 |
| Net assets with donor restrictions | $55,858 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,052,064 |
Grants Awarded
Over the last fiscal year, Twin Cities Medical Society Foundation has awarded $48,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: A UMN ACADEMIC HEALTH CENTER STUDENT-RUN CLINIC PROVIDING FREE HEALTH CARE SERVICES TO THE PHILLIPS NEIGHBORHOOD IN SOUTH MINNEAPOLIS. FUNDS ARE USED PRIMARILY FOR THE PURCHASE OF MEDICAL SUPPLIES, LAB TESTS AND MEDICATIONS. | $20,000 |
White Bear Lake, MN PURPOSE: FAST-TRACKER PROGRAM, A DATABASE AND HEALTH CARE CONNECTION RESOURCE CONNECTING THE COMMUNITY TO MENTAL HEALTH AND SUBSTANCE USE DISORDERS RESOURCES AND APPOINTMENT INFORMATION. | $15,000 |
Minneapolis, MN PURPOSE: PROVIDING LOW OR NO-COST PRESCRIPTIONS TO PATIENTS IN NEED, INCLUDING RESPONSIBLE MEDICATION DESTRUCTION AND MEDICATION SHIPPING COSTS. | $7,000 |
St Paul, MN PURPOSE: FREE ORAL HEALTH SERVICES, INCLUDING EXAMS, CLEANING, FILLINGS, AND EXTRACTIONS TO UNINSURED AND LOW-INCOME INDIVIDUALS AS WELL AS COMMUNITY ORAL HEALTH OUTREACH. | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Twin Cities Medical Society Foundation has recieved totaling $157,968.
| Awarding Organization | Amount |
|---|---|
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT EXPANSION OF THE CURRENT COHORT OF THE PUBLIC HEALTH LEADERSHIP PROGRAM | $142,968 |
Mardag Foundation St Paul, MN PURPOSE: HONORING CHOICES MINNESOTA'S RURAL COMMUNITY-BASED ADVANCE CARE PLANNING PHONE FACILITATION HELPLINE PILOT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcknight Endowment Fund For Neuroscience Minneapolis, MN | $31,388 | $3,600,000 |
Luther Manor Foundation Inc Wauwatosa, WI | $20,836,145 | $2,234,956 |
Bismarck Cancer Center Foundation Bismarck, ND | $5,192,821 | $2,084,846 |
Womens Dermatologic Society Milwaukee, WI | $2,777,395 | $911,169 |
Cystic Fibrosis Association Of North Dakota Bismarck, ND | $3,839,474 | $855,671 |
Twin Cities Medical Society Foundation Roseville, MN | $2,052,064 | $216,246 |
Iowa Public Health Association Foundation West Des Moines, IA | $339,389 | $368,581 |
Greg Marzolf Jr Foundation St Paul, MN | $289,150 | $0 |
Sparta Area Cancer Support Inc Sparta, WI | $259,559 | $0 |
Gustav L Harris Tr Uw 093920c Milwaukee, WI | $1,059,002 | $41,831 |
Friends Of Carbone Cancer Center Inc Fitchburg, WI | $30,223 | $0 |
Fred G Aronson Decd Fbo American Cancer Society Milwaukee, WI | $474,904 | $42,405 |