2024-11-12T10:45:18-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 411531192 THE MEDICAL ALLEY ASSOCIATION MEDI 9525423077 4150 OLSON MEMORIAL HIGHWAY 430 GOLDEN VALLEY MN 55422 ROBERTA ANTOINE DRESSEN PRESIDENT & CEO 9525423077 2024-10-31 1 1 KIMBERLY ANDERSON P00188889 6086628600 2024-10-31 2023 2024-10-15 13:58:12Z MEDICAL ALLEY ROBERTA ANTOINE DRESSEN 4150 OLSON MEMORIAL HIGHWAY 430 GOLDEN VALLEY MN 55422 4510928 0 X WWW.MEDICALALLEY.ORG X 1985 MN MEDICAL ALLEY IS THE MOST DIVERSE AND INFLUENTIAL HEALTHCARE NETWORK IN THE WORLD. AS SUCH, WE HAVE AN UNRIVALED ABILITY TO CREATE TRANSFORMATION IN THE HEALTH ECOSYSTEM THROUGH OUR STARTS AND GLOBAL PROGRAM, HEALTHCARE TRANSFORMATION INITIATIVE, AND OUR GOVERNMENT AFFAIRS AND POLICY INVOLVEMENT ALONG WITH THE EDUCATION AND CONNECTIONS PROVIDED AS PART OF OUR NETWORK PROGRAM. 28 28 22 30 75783 30606 292183 0 4519467 4420323 12026 82299 500 8306 4824176 4510928 0 0 0 0 1965884 2104529 0 0 0 2272632 2388739 4238516 4493268 585660 17660 3666259 3588917 2200920 2105918 1465339 1482999 X TO ACTIVATE AND AMPLIFY HEALTHCARE TRANSFORMATION AND BE THE EPICENTER OF HEALTH INNOVATION AND CARE. 0 0 NETWORK: OUR MEMBERS HAVE ACCESS TO EVENTS AND GATHERINGS, MEDICAL ALLEY CONNECTS, INVESTOR OUTREACH AND START-UP MENTORING, TALENT PLACEMENT AND JOB POSTINGS, SUPPLIES AND PARTNER SOURCING, AND ECONOMIC DEVELOPMENT ASSISTANCE. MEDICAL ALLEY STARTS: SINCE ITS INCEPTION, MEDICAL ALLEY STARTS HAS ASSISTED HUNDREDS OF EARLY-STAGE COMPANIES WITH INVESTOR INTRODUCTIONS, CORPORATE DEVELOPMENT CONNECTIONS, AND SUPPLIER REFERRALS. IN ADDITION, MEDICAL ALLEY GLOBAL PROVIDES A WIDE VARIETY OF SERVICES FOR COMPANIES AND ENTREPRENEURS WORLDWIDE. WE REGULARLY PARTNER WITH ORGANIZATIONS ACROSS THE GLOBE TO ADVANCE THEIR BUSINESSES AND HEALTHCARE FOR PEOPLE EVERYWHERE. GOVERNMENT AFFAIRS AND POLICY: OUR POLICY TEAM WORKS WITH STATE AND FEDERAL DECISION-MAKERS TO FORWARD POLICIES THAT BENEFIT PATIENTS, HEALTH PROFESSIONALS, INNOVATION IN HEALTHCARE, AND GLOBAL ECONOMIC TRADE. HEALTH TRANSFORMATION INITIATIVE: HTI@MA BRINGS LEADERS FROM THE MEDICAL ALLEY COMMUNITY TOGETHER TO TRANSFORM HEALTHCARE BY FOCUSING ON A SPECIFIC ISSUE OR IDEA. FOR EXAMPLE, HTI@MA IS CURRENTLY EXPLORING BARRIERS THAT INHIBIT THE DIVERSIFICATION OF MINNESOTA'S MENTAL AND BEHAVIORAL HEALTH WORKFORCE. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 22 1 1 1 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERTA DRESSEN 9525928141 4150 OLSON MEMORIAL HWY 430 GOLDEN VALLEY MN 55422 JODI HUBLER CHAIR 1.00 X X 0 0 0 JIM ROGERS BOARD CHAIR 1.00 X X 0 0 0 JAMES HEREFORD VICE CHAIR 1.00 X X 0 0 0 AMY RONNEBERG TREASURER 1.00 X X 0 0 0 CHRIS LANDON SECRETARY 1.00 X X 0 0 0 MILTON BOYER DIRECTOR 0.30 X 0 0 0 SHERI DODD DIRECTOR 0.30 X 0 0 0 PING YEH DIRECTOR 0.30 X 0 0 0 NATASHA CHEN DIRECTOR 0.30 X 0 0 0 MANU VARMA DIRECTOR 0.30 X 0 0 0 LISA SHANNON DIRECTOR 0.30 X 0 0 0 KYLE ROLFING DIRECTOR 0.30 X 0 0 0 JON PEARCE DIRECTOR 0.30 X 0 0 0 JAKUB TOLAR DIRECTOR 0.30 X 0 0 0 JENNIFER DECUBELLIS DIRECTOR 0.30 X 0 0 0 TIMOTHY FRISCHMON DIRECTOR 0.30 X 0 0 0 JP PELTIER DIRECTOR 0.30 X 0 0 0 JACLYN WAINWRIGHT DIRECTOR 0.30 X 0 0 0 ED HEDBLOM DIRECTOR 0.30 X 0 0 0 ANGIE FRANKS DIRECTOR 0.30 X 0 0 0 ANN LADD DIRECTOR 0.30 X 0 0 0 BARBARA JOERS DIRECTOR 0.30 X 0 0 0 BOB WIELAND DIRECTOR 0.30 X 0 0 0 CHRIS GANT DIRECTOR 0.30 X 0 0 0 JOHN NAYLOR DIRECTOR 0.30 X 0 0 0 BRAD SORENSON DIRECTOR 0.30 X 0 0 0 DARREN MOQUIST DIRECTOR 0.30 X 0 0 0 TOM VANDERHEYDEN DIRECTOR 0.30 X 0 0 0 ROBERTA DRESSEN PRESIDENT AND CEO 40.00 X 354097 0 11690 FRANK JASKULKE VP OF INNOVATION 40.00 X 191824 0 11091 PETER GLESSING SR DIR GOV AFFAIRS AND COMM 40.00 X 101566 0 6429 KYLLE JORDAN GLOBAL PRINCIPAL 40.00 X 100214 0 7927 747701 0 37137 4 0 1 0 CRAIG PLADSON LLC 4144 XENWOOD AVE S ST LOUIS PARK MN 55416 INTERIM BRANDING AND MARKETING CONSULTIN 207095 1 MEMBERSHIP DUES 561499 3031751 3031751 SPECIAL INTERESTS AND 611430 1275413 1275413 ADVERTISING 541800 75783 75783 SPONSORSHIPS 900099 37376 37376 4420323 82299 82299 MISCELLANEOUS REVENUE 900099 8306 8306 8306 4510928 4344540 75783 90605 365787 1460631 34287 114098 129726 7402 153098 249606 495360 33671 145697 143985 146196 758126 26831 19732 DUES AND SUBSCRIPTIONS 200779 TAXES 8236 BAD DEBT EXPENSE 20 4493268 2259554 300173 2050759 256750 215019 200952 144986 582649 467867 169352 114782 640666 669405 138985 93793 3666259 3588917 261568 262075 1710138 1692635 229214 151208 2200920 2105918 X 1465339 1482999 1465339 1482999 3666259 3588917 17660 0 X 1 X 0 1 0 0 0 0 0 0 0 0 3031751 433519 -155223 278296 454763 -176467 297509 237970 59539 134722 126308 8414 150418 103589 46829 114782 LEASE LIABILITY 151208 151208 X PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(6) AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. AS SUCH, IT IS EXEMPT FROM FEDERAL AND STATE INCOME TAX, BUT IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON ADVERTISING BUT CURRENTLY HAS NO MATERIAL UNRELATED BUSINESS INCOME. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. X X 0 0 0 ROBERTA DRESSEN PRESIDENT AND CEO 352722 0 0 0 1375 0 0 0 11690 0 365787 0 0 0 FRANK JASKULKE VP OF INNOVATION 190124 0 0 0 1700 0 5976 0 5115 0 202915 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY DESIGNATE AN EXECUTIVE COMMITTEE, THE MEMBERSHIP OF WHICH SHALL INCLUDE AT LEAST THREE (3) DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THIS CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND SUCH OTHER POWERS AND DUTIES AS SHALL BE DESIGNATED BY THE BOARD OF DIRECTORS FROM TIME TO TIME, INCLUDING BUT NOT LIMITED TO ADVISING THE CHAIR AND CEO WITH RESPECT TO BOARD MEETING PROCEDURES AND MATERIALS, AND MAKING RECOMMENDATIONS TO THE BOARD CONCERNING FUNCTIONS, BUDGETS, MEMBERSHIP, AND OTHER MATTERS RELATING TO STANDING AND OTHER COMMITTEES, MANAGEMENT SELECTION AND DEVELOPMENT AND EXECUTIVE COMPENSATION AND PERFORMANCE EVALUATION. THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY WHICH INCLUDES A DUTY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE BOARD REVIEWS AND APPROVES ALL TRANSACTIONS THAT HAVE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, AS DETERMINED BY THE BOARD WITHOUT THE INFLUENCE OF THE CONFLICTED INDIVIDUAL. CONFLICTED INDIVIDUALS MAY NOT VOTE, OR BE PRESENT FOR THE DISCUSSION AND VOTE, ON ANY MATTER IN WHICH A CONFLICT OF INTEREST HAS BEEN DETERMINED TO EXIST. THE MINUTES OF THE MEETING SHALL CONTAIN THE NAMES OF PERSONS PRESENT FOR DISCUSSIONS AND VOTES, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE IS CONVENED ANNUALLY BY THE BOARD OF DIRECTORS. THIS COMMITTEE INCLUDES THE BOARD CHAIRPERSON AND THE TREASURER. THE COMMITTEE WORKS WITH THE CEO AT THE BEGINNING OF THE YEAR ON A GOAL SETTING PROCESS. THE COMMITTEE THEN REVIEWS CEO PERFORMANCE AT THE END OF THE YEAR IN COMPARISON TO THOSE GOALS FOR PURPOSES OF DETERMINING BONUS ELIGIBILITY AND/OR MERIT PAY INCREASES. THE COMMITTEE PULLS CEO COMPENSATION DATA FROM OTHER SIMILAR NON-PROFIT ENTITIES TO ENSURE THE CEO'S COMPENSATION PACKAGE IS WITHIN A REASONABLE MARKET RANGE, WITH CONSIDERATION OF SIZE, LOCATION, AND BUDGET DIFFERENCES. SALARY ACTIONS ARE APPROVED BY FULL EXECUTIVE COMMITTEE. DOCUMENTATION OF DELIBERATION AND APPROVED COMPENSATION IS NOTED IN THE EMPLOYEE FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.