Health Care
Mayo Clinic
ROCHESTER, MN
Total revenue
$7.9B
Total expenses
$6.3B
Net assets
$16.5B
Grants received
$6.9B
1,163 grants
EIN
416011702
Tax year
2024
Mission
Patient care, research and education
Programs
2 programs
Medical research (see schedule o for description)medical research:mayo clinic is one of the premier medical research organizations in the world. Innovation and improvement of science and the delivery of health care are enhanced through mayo clinic's research programs. Clinical practice observations become the basis for research studies and the findings from research flow back into the practice to improve patient care and outcomes. Physician/researchers and career scientists' work in tandem to advance medicine and to improve the health and well-being of not just mayo clinic patients, but also the public at large, as these findings are disseminated worldwide.research at mayo clinic involves medical professionals committed to searching for answers to complex medical problems with the goal of bringing new solutions and advanced care rapidly to patients throughout the world. Research activities include basic science research, clinical trials, translational research and human research studies. During 2024, mayo clinic, in conjunction with its affiliates, had over 5,000 research personnel, 27 core laboratories, more than 9,300 active institutional review board-approved human research studies, 1,200 new human research studies approved by the institutional review board and over 11,200 research and review articles published in peer-reviewed journals. Many of these personnel, laboratories, studies and articles are located or performed by mayo clinic in rochester, minnesota.funding of research activities at mayo clinic comes from grants and contracts as well as from mayo funds and gifts from generous benefactors.
Medical education (see schedule o for description)medical education:medical education, research training, continuous medical life-long learning and a committed quest for new knowledge are integral functions of mayo clinic. Our world-renowned educational programs inform, instruct, and empower physicians, researchers, medical professionals, patients, students and our communities to improve public health and well-being. These programs span the continuum of health care and ensure the mayo model of care is perpetuated and shared broadly. Mayo clinic is committed to providing useful, timely knowledge and skills that reflect its standards of excellence and its dedication to finding answers for unmet patient needs: educating the next generation of physicians, medical researchers and health professionals with transformative curricula that focuses not only on helping the patient, but also improving the health care system;sharing knowledge and innovative best practices freely in the spirit of collaboration to advance the science of medicine and the art of compassionate, patient-centered care;empowering people to manage their health through patient education and shared decision-making medical training;spreading mayo's medical expertise, education and research findings throughout the world to improve health care for all.working collaboratively at a national level to modernize and transform medical education to address areas such as improving health care delivery, physician burn-out, population health issues, and team-based care. The educational activities of mayo clinic are centered in mayo clinic college of medicine and science's five schools: 1. Mayo clinic school of graduate medical education is one of the nation's oldest and largest schools of graduate medical education with annual enrollment of approximately 1,800 resident and fellow physicians in training. The school trains doctors in over 300 residency and fellowship programs, representing virtually every medical specialty. In addition, many graduates complete mayo clinic quality academy training - a concerted effort to educate and prepare trainees to continuously explore ways to improve patient safety, quality care and eliminate health disparities. 2. Mayo clinic alix school of medicine provides a four-year medical education program leading to doctor of medicine degrees and joint md/ph.d. Degrees. The acceptance rate for incoming students is approximately 4%. For 2024, the school received 5,591 applications and of those, 223 students were offered acceptance to one of the programs. Full-time enrollment is approximately 440 students on the rochester, minnesota; scottsdale, arizona; and jacksonville, florida campuses.the innovative and transformative curricula of mayo clinic alix school of medicine focuses on educating future physician leaders in patient-centered, science-driven, team-based, high value health care. Students across all campuses are some of the first nationwide to train and receive a science of health care delivery certificate in addition to a medical degree. The integrated curricula is part of an initiative to better prepare students for the challenges of delivering patient care in a complex health care environment. Additional offerings at the school include visiting medical student clerkship programs and summer minority medical student programs. The school cultivates students to continually pursue new knowledge through discovery, translation and clinical application to meet the needs of their patients.the mayo clinic alix school of medicine has been rated as a tier 1 top national medical school in the category of research for the 2024-2025 period by u.s. News & world report. 3. Mayo clinic graduate school of biomedical sciences has a distinguished history of preparing students for careers as competitive biomedical research investigators. The school offers master's and doctoral degree programs focusing several biomedical specialties, as well as one of the first interdisciplinary programs in regenerative medical research. The school is a pioneer in expanding research training opportunities for students from backgrounds underrepresented in research, including visiting pre-doctoral and summer undergraduate research programs where students have the opportunity to collaborate with world-renowned researchers at mayo clinic campuses in arizona, florida and minnesota. The mayo clinic graduate school of biomedical sciences has an annual enrollment of approximately 250 students.4. Mayo clinic school of health sciences prepares the allied health care workforce of the future in programs ranging from a 10-month phlebotomy certificate program to a doctorate in physical therapy or nurse anesthesia. The mayo clinic school of health sciences has an annual enrollment of approximately 1,600 students. With campuses in minnesota, florida and arizona, the school prepares students in over 150 programs representing 50 health science areas. The school also provides clinical internships for hundreds of affiliated schools. Approximately 480 faculty members ensure every student receives extensive personalized training. 5. Mayo clinic school of continuous professional development provides a comprehensive selection of over 200 clinical, surgical, allied health and research courses, as well as programs on health care issues, practice management and leadership to health care professionals throughout the world. Participants include mayo and non-mayo attendees. Mayo clinic college of medicine and science also has initiated mayo clinic education platforms to develop and deliver online educational opportunities for broad distribution of continuing medical education, faculty development, student education and future patient education. Video seminars and online learning modules provide consistent knowledge delivery across multi-specialties and allow for more interactive faculty/student participation in the classroom setting. Online learning also facilitates the ability for mayo clinic to share and expand the latest medical knowledge and innovative learning opportunities with others outside mayo clinic.another initiative implemented through mayo clinic college of medicine and science is the office of applied scholarship and education science (oases). This innovative office provides expertise and support in faculty development, education evaluation and principles and practices of education science to ensure the highest quality of education delivery within each of the schools within the college. The college has also implemented an academy of educational excellence to develop and recognize educators to better prepare learners to advance science, meet patients' needs and serve as transformative leaders in health care.as part of its medical education mission, mayo clinic sponsors mayo clinic proceedings, a monthly journal for physicians and other medical personnel. The journal is published to promote the best interests of patients by advancing the knowledge and professionalism of the physician community. Mayo clinic proceedings is a peer-reviewed clinical journal in general and internal medicine and among the most widely read and highly cited scientific publications for physicians. Mayo clinic proceedings has been continuously published since 1926 and has an impact factor of 7.2, ranking it #23 out of 329 journals in the medicine, general and internal category. Mayo clinic proceedings' content focuses on clinical and laboratory medicine, health care policy and economics, medical education and ethics, and related topics. All of these educational efforts to discover, deliver, expand and share medical knowledge promote mayo's clinic's ability to perpetuate the highest quality and safety in patient care.
Financials
FY 2024
Revenue
Expenses
People
50 listed
RIHAL MD CHARANJIT S
TRUSTEE
$1.0M
40 hrs/wk
CALLSTROM MD MATTHEW R
TRUSTEE
$972K
40 hrs/wk
CAINE NATALIE A
TRUSTEE
$811K
40 hrs/wk
COMFERE MD NNEKA I
TRUSTEE
$627K
40 hrs/wk
FAMUYIDE MBBS ABIMBOLA O
TRUSTEE
$593K
40 hrs/wk
SCHMIDT ERIC E
TRUSTEE
—
5 hrs/wk
FARRUGIA MD GIANRICO
TRUSTEE/PRESIDENT/CEO
—
1 hrs/wk
SWEENEY ANNE M
TRUSTEE
—
5 hrs/wk
THIELEN MD KENT R
TRUSTEE/VP
—
1 hrs/wk
GRAY MD RICHARD J
TRUSTEE/VP
—
1 hrs/wk
WILLIAMS MD AMY W
TRUSTEE
—
1 hrs/wk
ZORN CHRISTINA K
TRUSTEE/VP
—
1 hrs/wk
DAHLEN DENNIS E
CFO
—
1 hrs/wk
MURPHY JOSHUA B
SECY
—
1 hrs/wk
GORMAN PAUL A
TREASURER
—
1 hrs/wk
GORES MD GREGORY J
FORMER KEY EMPLOYEE
$1.6M
40 hrs/wk
KRAUSS MD WILLIAM E
PHYSICIAN
$1.6M
40 hrs/wk
LANZINO MD GIUSEPPE
PHYSICIAN
$1.6M
40 hrs/wk
CLARKE MD MICHELLE J
PHYSICIAN
$1.5M
40 hrs/wk
MARSH MD W RICHARD
DIR-SPINE CENTER
$1.5M
40 hrs/wk
SPINNER MD ROBERT J
PHYSICIAN
$1.4M
40 hrs/wk
SHAH MD VIJAY
EXECUTIVE DEAN OF RESEARCH
$1.2M
40 hrs/wk
OTLEY MD CLARK C
FORMER KEY EMPLOYEE
$1.2M
40 hrs/wk
WILLIAMSON MARY J
CAO-MCS
$1.1M
40 hrs/wk
MORICE MD WILLIAM G
CEO-MCS
$1.1M
40 hrs/wk
ARNETT JENNIFER P
CHIEF DEVELOPMENT OFFICER
$1.1M
40 hrs/wk
PAGNANO MD MARK W
PHYSICIAN
$958K
40 hrs/wk
NOSEWORTHY MD PETER A
DIV CHAIR-HEART RHYTHM
$914K
40 hrs/wk
WILLIAMSON MD ERIC E
PHYSICIAN
$852K
40 hrs/wk
GALANIS MD EVANTHIA
EXECUTIVE DEAN OF DEVELOPMENT
$845K
40 hrs/wk
KENDRICK MD MICHAEL L
CHAIR-SURGERY
$836K
40 hrs/wk
WALD MD JOHN T
FORMER KEY EMPLOYEE
$827K
40 hrs/wk
DOWDY MD SEAN C
CHIEF VALUE OFFICER
$817K
40 hrs/wk
LEIBOVICH MD BRADLEY C
PHYSICIAN
$786K
40 hrs/wk
AMMASH MD NASER M
FORMER KEY EMPLOYEE
$774K
40 hrs/wk
FRANK MD IGOR
PHYSICIAN
$700K
40 hrs/wk
BROWN MD MICHAEL J
PHYSICIAN
$693K
40 hrs/wk
CIMA MD ROBERT R
FORMER KEY EMPLOYEE
$692K
40 hrs/wk
BROWN MD DANIEL R
DIRECTOR-CRITICAL CARE
$684K
40 hrs/wk
DIETER HEIDI L
CHAIR-RESEARCH ADMIN
$682K
40 hrs/wk
PETERS MD STEVE G
FORMER KEY EMPLOYEE
$666K
40 hrs/wk
KHAN MD AMIR R
PHYSICIAN
$645K
40 hrs/wk
WATSON MD JAMES C
CHAIR-PAIN MEDICINE
$630K
40 hrs/wk
HAYES MD SHARONNE N
FORMER KEY EMPLOYEE
$560K
40 hrs/wk
HOLTAN DOUGLAS J
CHAIR-FACILITIES
$479K
40 hrs/wk
BERBARI MD ELIE F
CHAIR-INTERNAL MEDICINE
$469K
40 hrs/wk
AMSTUTZ GWENDOLYN J
EXECUTIVE LEADER-HARWICK
$462K
40 hrs/wk
NARR MD BRADLY J
FORMER KEY EMPLOYEE
$419K
40 hrs/wk
HORLOCKER MD TERESE T
FORMER KEY EMPLOYEE
$379K
40 hrs/wk
MENKOSKY PAULA E
FORMER OFFICER
—
0Independent contractors
MAYO FOUNDATION FOR MEDICAL EDUCATION &
PROCUREMENT & MED SUPPORT SERVICES
MAYO COLLABORATIVE SERVICES INC
REFERENCE LAB SERVICES
MCHS SOUTHWEST WISCONSIN REGION INC
MEDICAL AND SUPPORT SERVICES
MCHS NORTHWEST WISCONSIN REGION INC
MEDICAL AND SUPPORT SERVICES
MCHS SOUTHEAST MINNESOTA REGION
MEDICAL AND SUPPORT SERVICES
Grants received
Showing 200 of 1,163
Funded by
$6.9B from 399 funders · 1,163 grants · 2016–2024
$6.5B · 4 grants · 2020–2024
$74.8M · 8 grants · 2017–2023
$48.9M · 7 grants · 2017–2023
$26.0M · 7 grants · 2017–2023
$17.8M · 6 grants · 2017–2023
$16.3M · 7 grants · 2018–2024
$13.6M · 4 grants · 2020–2023
$11.3M · 7 grants · 2017–2023