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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Medica Foundation

Medica Foundation

Fiscal year ending 2024. Filed on November 14, 2025.

401 Carlson Parkway Cp 330
Minnetonka, Minnesota 55305

Medica Foundation (EIN: 41-1812461) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Medica Foundation, a 501(c)(3) charitable organization, reported compensation for 8 employees. Among the employees shown here, the average compensation is $616,961. The highest compensated employee at Medica Foundation is Elizabeth F Erickson with fiscal year 2024 compensation of $1,870,851.

Revenue, expenses, and employee compensation

Revenue

$7,617,966

Expenses

$3,512,890

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Elizabeth F Erickson
President, CEO, and Treas THRU 1/2024
$1,870,851
$0 $1,669,649 $201,202
Krista Dusil
Senior Vice President, CFO, and Treasurer
$920,238
$0 $804,123 $116,115
Mary P Quist
Senior Vice President, Finance THRU 6/2024
$639,953
$0 $604,708 $35,245
Alicia Reuter
Senior Vice President and Chief Legal Officer, Secretary
$481,224
$0 $408,482 $72,742
James P Jacobson
Former Senior Vice President SEC and GEN Counsel
$403,815
$0 $403,815 No other comp
Mark L Baird
Former Senior Vice President and CFO
$370,125
$0 $370,125 No other comp
David H Ellenbogen
Former Senior Vice President SEC and GEN Counsel
$226,230
$0 $224,611 $1,619
Samuel Leon
Former Director
$23,250
$0 $23,250 No other comp

Benchmark Employee Compensation

Non-Employee Board Members

John Buck
Director
$145,250
$0 $145,250 No other comp
John Stanoch
Chair and Director
$128,500
$0 $128,500 No other comp
Mary Twinem
Vice Chair and Director
$90,250
$0 $90,250 No other comp
Gaye Adams Massey
Director
$87,750
$0 $87,750 No other comp
Ugwuji Maduekwe
Director
$18,500
$0 $18,500 No other comp

Contractors

Medica Services Company
Leased Employees
$480,000

Mission Statement

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

Other organizations also named Medica Foundation

International Medica Foundation
Rochester, Minnesota

Revisions to this organization profile

November 14, 2025:
2024 Medica Foundation 990 filed
March 6, 2025:
Amended (originally filed November 15, 2024)2023 Medica Foundation 990 filed
November 8, 2023:
2022 Medica Foundation 990 filed

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