2011-02-09T13:02:00-07:00 2010-06-30 990 2009-07-01 416027707 MINNESOTA MEDICAL FOUNDATION MINN 6126251440 200 Oak Street SE Suite 300 Minneapolis MN 55455 Becky Malkerson 6126251440 2011-01-31 2009 2016-02-24 21:20:13Z Cynthia J Kaiser 200 Oak Street SE Suite 300 Suite 300 Minneapolis MN 55455 744585557 0 X www.mmf.umn.edu X 1939 MN The mission of the Minnesota Medical Foundation is to improve the quality of life for the people of Minnesota, the nation, and the world by supporting the advancement of health-related education, research, and service at the University of Minnesota. 47 47 111 150 0 -1115 79171407 47153770 717636 1667373 -41646753 18392503 5237809 5165097 43480099 72378743 41356146 43356960 0 0 8150062 8017033 55985 58733 7072282 5107842 4505895 54670035 55938621 -11189936 16440122 400685190 406861800 29894041 16144850 370791149 390716950 The mission of the Minnesota Medical Foundation is to improve the quality of life for the people of Minnesota, the nation, and the world by supporting the advancement of health-related education, research, and service at the University of Minnesota. 0 0 43369239 42942492 1656038 Medical Research and Education: The Minnesota Medical Foundation (MMF) is a valuable source of funding for critical research in areas such as cardiovascular disease, diabetes, cancer, brain and nervous disorders, childhood diseases, and other health problems. Such funding supports work conducted across 38 departments of hte Universit of Minnesota's Medical School, School of Public Health, and Masonic Cancer Center. In addition, the organization helps the Medical School recruit some of the world's top researchers and clinicians who, in turn, attract exceptional students. During the year ended June 30, 2010, the organization disbursed more than $40 million to the University of Minnesota in support of these goals. Besides research support, the organization provides scholarships that enable students to afford the high price of a medical or public health education. During the reporting year, MMF awarded 795 scholarships that totaled nearly $2 million. Additionally, the organization's research grants program offers young investigators seed money for promising explorations in health-related areas still in the developmental stages. In fiscal year 2010, the organization awarded more than $500,000 to 62 faculty members in support of these trials. Finally, MMF also manages more than 1,900 funds that support reseach, faculty positions, academic programs, scholarships, equipment purchases and building construction, lecturships, and fellowships. 931704 414468 11335 Community Capacity Building: The Minnesota Medical Foundation hosts medical alumni and reunions and other alumni events, as well as programs that connect current medical students with alumni and mentors. It also hosts scholarship events that recognize donors and scholarship recipients from the University of Minnesota Medical School and School of Publich Health. 558921 0 0 Media and Communications Programs: Through a wide range of print and electronic publications, social media, and its web site, the Minnesota Medical Foundation shares important news and information with faculty, staff, students, alumni, donors, prospective donors, and other friends of the University of Minnesota Medical School, School of Public Health, Masonic Cancer Center, and related programs. 0 0 0 44859864 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 301 0 1 111 1 0 0 0 0 0 1 1 1 89 0 0 0 0 0 47 47 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X X Cynthia J Kaiser CFO 6126251440 200 Oak Street SE Suite 300 Minneapolis MN 554552030 Stern Mary K 12 X X 0 0 0 Olson Thomas G 15 X X 0 0 0 Gunderson Susan 1 X X 0 0 0 Neetenbeek Eric 6 X X 0 0 0 Agee Catherine 1 X 0 0 0 Allen Clyde E 1 X 0 0 0 Allison Mark 2 X 0 0 0 Anderson James 0.50 X 0 0 0 Andreini-Arnold Patti 1 X 0 0 0 Ankeny DeWalt H 0.25 X 0 0 0 Bruininks Robert 1 X 0 0 0 Cannom David 1 X 0 0 0 Cartier Thomas 5 X 0 0 0 Cerra Frank B 2.00 X 0 0 0 Craig James L 0.25 X 0 0 0 Davis Gary L 1 X 0 0 0 Dayton Wendy 1 X 0 0 0 Ebner Timothy J 1 X 0 0 0 Eustis Mark 1 X 0 0 0 Finnegan John R Jr 2 X 0 0 0 Forster Barbara L 1 X 0 0 0 Gaviser Judy 1 X 0 0 0 Goldberg Stanley M 1 X 0 0 0 Good Alison 2 X 0 0 0 Grant Peter M 1 X 0 0 0 Grossman Beverly 1 X 0 0 0 Hallberg John 1 X 0 0 0 Hawn Elizabeth 2.5 X 0 0 0 Kaplan Sidney 2 X 0 0 0 Kuntz Richard E 1 X 0 0 0 Lindstrom Richard 4 X 0 0 0 Maas George 1 X 0 0 0 Miller Wesley 1 X 0 0 0 Murphy John M 0 X 0 0 0 Ordway Philip W 1 X 0 0 0 Ostlund Richard 1 X 0 0 0 Paller Mark 1 X 0 0 0 Paperella Treva 35 X 0 0 0 Plimpton Susan B 3 X 0 0 0 Schulenberg Robert N 4 X 0 0 0 Steiner James P 1 X 0 0 0 Stephenson James P 1 X 0 0 0 Stillman Martin J 1 X 0 0 0 Thompson Roby 1 X 0 0 0 Vickers Selywn 1 X 0 0 0 Winston Wallin 1 X 0 0 0 Wiser Charles F Jr 1 X 0 0 0 Malkerson Becky 65 X 334436 0 38695 Kaiser Cynthia J 50 X 178241 0 29772 Porter Patricia 55 X 174585 0 29963 McCarthy Mary 40 X 126332 0 36067 Youngerman Sarah 50 X 123627 0 35224 Watson Jeannie 40 X 124799 0 16427 Soderholm Jennifer 50 X 132018 0 35933 Thurman Erik 50 X 122230 0 34497 1316268 0 256578 9 0 1 1 University Gateway Corp C/O Noth Marq CM-9778 PO Box 70870 Minneapolis MN 551709778 Building leasing and management 448179 Chase Investment Counsel Corp 300 Preston Ave Suite 500 Charlottesville VA 22902 Investment Management 185122 Blackbaud PO Box 930256 Atlanta GA 31193 Software Development 182358 Bentz Whaley Flessner 7251 Ohms Lane Minneapolis MN 55439 Consulting Services 141204 Grizzard Communications Group PO Box 53421 Atlanta GA 30353 Communications Consulting 141192 14 0 0 1139035 0 0 46014735 1208069 47153770 Student Loan Interest 525990 93924 93924 0 0 Registration and program fees 611710 1573449 1573449 0 0 0 0 0 0 1667373 4874527 0 0 4874527 0 0 0 0 0 0 0 0 0 0 685007036 0 671489060 0 13517976 0 13517976 0 0 13517976 447279 1139035 717754 -270475 0 0 -270475 Rent Reduction 531120 98444 0 0 98444 Net Transfers in from Other Organizations 900099 5337128 5337128 0 0 0 0 0 0 5435572 72378743 7004501 0 18220472 42918618 42918618 438342 438342 0 0 0 0 1010083 0 585216 424867 0 0 0 0 5228271 461167 1499317 3267787 552159 58237 126757 367165 790971 63503 280467 447001 435549 29182 135456 270911 0 0 0 0 42669 0 10158 32511 33218 0 33218 0 0 0 0 0 58733 58733 426747 426747 0 0 853368 185346 352241 315781 0 0 0 0 1039692 156055 231689 651948 268484 0 209811 58673 0 0 0 0 562710 56367 197278 309065 206304 4754 39026 162524 0 0 0 0 169201 5178 48183 115840 0 0 0 0 0 0 0 0 203568 20392 71368 111808 13764 0 13764 0 Alumni and Scholarship Programs 373545 34399 26688 312458 Dues & Subscriptions 72987 383 21386 51218 Miscellaneous 239638 1194 124452 113992 55938621 44859864 4006475 7072282 88708 257084 14858826 36593051 111544052 106215146 61182 23217 0 0 0 0 1927834 1931005 0 0 81515 76790 2028725 1720723 428145 308002 236673969 225556121 0 35020959 35901384 400685190 406861800 4281797 3933643 331167 284333 281250 262500 0 0 0 0 0 0 0 0 0 0 24999827 11664374 29894041 16144850 X 10776361 10691553 202569742 208766349 157445046 171259048 370791149 390716950 400685190 406861800 X 0 1 1 0 X 44911268 49870373 102156864 79171407 47153770 323263682 0 0 0 0 0 0 0 0 0 0 0 0 44911268 49870373 102156864 79171407 47153770 323263682 44225055 279038627 6177955 6317009 6295662 5988864 4604052 29383542 0 0 0 0 0 0 0 0 0 0 352647224 20522366 0.79127 0.74625 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 228552 0 10326 0 328876 0 1 1 168365409 22440071 18037104 923213 22105747 3600082 182213542 239898465 11907149 -57434156 7794600 14607490 3603959 168365409 0.226 0.774 0 0 0 0 0 0 0 0 0 0 0 379141 335382 43759 0 1120448 897223 223225 0 529136 488118 41018 308002 Gifts-in-Kind 15491 Investments in Split Interest Agreements 9717570 Interest in Charitable Trusts 22372415 Interest in Charitable Lead Trust 3088023 Interest in Commercial Annuity Contract 707885 35901384 0 Split Interest Agreement Liabilities 6119134 Investment held for the custody of others 1425240 Investment loan payable 4120000 11664374 72378743 55938621 16440122 2293167 0 0 0 1192512 3485679 19925801 76155429 2293167 0 0 1192512 3485679 72669750 426747 -717754 -291007 72378743 56229628 0 0 0 717754 717754 55511874 426747 0 426747 55938621 SchD_P05_S00_L04 Schedule D, Part V, Line 4 In managing it permanent endowments, the organization has two main objectives: 1) to provide a stable and consistent source of financial support for hte stated charitable purposes, and 2) to protect the purchasing power of endomwents over time. For funds invested in the endowemnt, distributions for spending are provided on a quarterly basis, and are used to fund the donors' designated area of support. SchD_P10_S00_L00 Schedule D, Part X The Foundation has adopted guidance in the income tax standard regarding the recognition of uncertain tax positions. The guidance prescribes recognitioin threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax filing that are not certain to be realized. The implementation of this guidance had no impoact on the Foundation's financial statements. The Foundation's tax filings are subject to review and examination by federal and state authorities. The Foundation is not aware of any activities that would jeopardize its tax exempt status. The Foundation is not aware of any activities that are subject to tx aon unrelated buisness income, excise or other taxes. The filings for the years ended 2007 to 2009 are open to examination by federal and state authorities. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of split-interest agreements (unrealized gain) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in Value of Split Interest Agreements (unrealized) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Direct expenses related to fundraising events netted againt revenue on Part VIII. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct expenses related to fundraising events netted against revenues on Part VIII X X X X X X 1 Aria Communications Phone Campaign 0 145600 58733 86867 145600 58733 86867 MN Children's Health Winefest 638541 436944 201597 0 0 2285 226931 10452 116175 Golf Classic "Fore" Diabetes 271251 199854 71397 0 0 64914 0 0 107125 7 676522 502238 174284 0 0 11694 101162 21347 55669 1586314 1139036 447278 0 0 78893 328093 31799 278969 717754 -270476 1 University of Minnesota Academic Health Center MMC 293 6th Floor Mayo Building Minneapolis MN 55455 416007513 Govt Entity 42504150 0 NA NA Medical Research, Education, and Scholarships 1 0 Honor and award grants to individual faculty and students of the University of Minnesota Academic Health Center to suport their research and educational goals. 191 438342 0 NA SchI_P01_S00_L02 Schedule I, Part I, Line 2 The organization ensures that grants are expended as intended by donors through systems and an aurthorization process. The process includes a grants application review and reporting as well as periodic internal audit procedures. X X X X X 0 0 0 0 0 0 0 0 0 Malkerson Becky 322512 0 0 0 11925 0 31850 0 8920 0 375207 0 0 Kaiser Cynthia J 175444 0 0 0 2797 0 23092 0 8397 0 209730 0 0 0 Porter Patricia 172869 0 0 0 1716 0 22818 0 8862 0 206265 0 0 0 Youngerman Sarah 122134 0 0 0 1492 0 16510 0 20486 0 160622 0 0 0 Soderholm Jennifer 129870 0 0 0 2148 0 17466 0 20112 0 169596 0 0 0 Thurman Erik 120513 0 0 0 1717 0 16275 0 19859 0 158364 0 0 0 McCarthy Mary 124245 0 0 0 2087 0 16510 0 21196 0 164038 0 0 0 X 63 1060420 Average value on date of gift X 1 9994 Sales value X 3 13290 Industry standard 172 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Eleven members of the organization's Board of Trustees are employed by the University of Minnesota whose president, Robert Bruininks, is also a trustee of the organization. The other ten individuals include: Frank Cerra, M.D.; James Craig, M.D.; Gary Davis, Ph.D.; Timothy Ebner, M.D.; John Finnegan, Ph.D.; Jon Hallberg, M.D.; Wesley Miller, M.D.; Mark Paller, M.D.; Roby Thompson, M.D.; and Selwyn Vickers, M.D. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The 990 undergoes a reivew by the Associate VP of Finance, the CFO, and by outside tax counsel. Once reviewed,the 990 is provided of the Finance and Audit Committee for review and approval and then to the full board prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c A Conflict of Interest questionnaire is distributed to the Board of Trustees as well as to all employees on an annual basis. Completed surveys are reviewed, consistent with policy. If a conflict of interest should arise, it is managed consistent with the policy which states that the disclosure by staff should be made to the CEO (or if the CEO is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the Executive Committee. Disclosure involving trustees or officers should be made to the board chair (or if the board chair is the one with the conflict, then to the board vice chair), who shall bring the matter to the attention of the Executive Committee of the Board of Trustees. The Executive Commitee shall determine whether the contemplated transaction may be authorized as in the best interests of the organization. The decision of the Executive Committee on these matters will rest in their sole discretion, and their concern must be the welfare of the organization and the advancement of its mission. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The organization's Associate VP of Human Resources gathers comparative market data on compensation for these positions including valid compensation surveys that contain data from organizations of like size and industry (nonprofits, university foundations). Other data is purchased from an independent compensation consultant. The VP of HR compiles the information and presents it to the Compensation Committee of the Board of Trustees. The organization's CEO makes recommendations for compensation adjustments for the CFO and Vice Presidents of Development and of Marketing and Communications. These recommendations are approved by the Compensation Committee. The Compensation Committee makes recommendations to the Executive Committee for the CEO's pay. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The organization's governing documents and conflict of interest policies are not made available to the public. Interim financial statments are made available to the public upon request. The year end audited financial statements are available on the organization's website for public viewing. University Gateway Corp 200 Oak Street SE Suite 500 Minneapolis MN 55455 411879994 Building ownership and management for supported organization MN 501(c)(3) 13-I N/A 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 University Gateway Corp j 477895