NonprofitsMayo Clinic Group Return

Health Care

Mayo Clinic Group Return

ROCHESTER, MN

Total revenue

$14.9B

Total expenses

$14.3B

Net assets

$8.7B

Grants received

$1.4M

14 grants

EIN

383952644

Tax year

2024

Mission

Patient care, medical research and medical education

Programs

3 programs

Medical research (see schedule o)medical researchmayo clinic, as an affiliated group, conducts basic, translational, clinical, and epidemiological research at its campuses in minnesota, arizona, and florida and throughout the mayo clinic health system. The needs of the patients is what drives research at mayo clinic. As doctors treat patients and see opportunities for advancing patient care, they work together with mayo scientists and research teams to develop new and improved diagnostic tools, medications, devices, treatment protocols and more.mayo clinic's unique culture of collaboration and teamwork, and its extensive facilities and resources, make it possible for researchers to unravel and solve complex research questions. Answering these questions requires a team of physicians who care for patients with a disease, basic scientists who investigate the condition's molecular basis and epidemiologists who study its effect on populations. This close integration makes it possible to quickly bring proven diagnostics and therapeutics to patients and share this knowledge with the next generation of doctors and scientists.the research activities conducted by the subordinates are conducted at the arizona and florida locations and at several of the health system sites in minnesota and wisconsin. Research is concentrated in the areas of cancer, metabolism, neurosciences, neurodegenerative diseases, cardiovascular diseases and gi disorders/transplantation.

Expenses: $324.0MGrants: $28.5M

Shared services (see schedule o)shared servicesas part of its exempt function, one of the subordinate organizations (mayo foundation for medical education and research) facilitates efforts and shared services on behalf of and for the benefit of mayo clinic and its affiliates. Certain services are centralized within the subordinate organization and include finance, human resources, legal, public affairs, supply chain, information technology and various other services. Certain costs related to providing these shared services are allocated out or charged to the affiliates. Facilitating these efforts and services allows mayo clinic and its affiliates to better conduct their exempt functions by reducing costs, having standardized practices and procedures, and creating economies of scale.

Expenses: $196.3M

Health professional educationmayo clinic's investments in education inform and empower physicians, researchers, medical professionals, patients, students, and communities to improve public health and well-being, along with preparing the next generation of health care professionals to provide outstanding, compassionate care to patients worldwide. The educational activities of mayo clinic are centered in the mayo clinic college of medicine and science which consists of five schools:- mayo clinic alix school of medicine- mayo clinic school of graduate medical education- mayo clinic graduate school of biomedical sciences- mayo clinic school of health sciences- mayo clinic school of continuous professional developmentmayo clinic, as an affiliated group, offers educational programs and training opportunities on its campuses in rochester, minnesota; scottsdale/phoenix, arizona; and jacksonville, florida and several of the health system sites in minnesota and wisconsin. In affiliation with the mayo clinic college of medicine, the subordinates offer physician residency programs and fellowships in many medical and surgical specialties, training programs for allied health personnel and on-going education for physicians and other health care professionals.many of the students educated through the mayo clinic college of medicine to sustain mayo's unique style of care and prepare the next generation of caregivers would have received some of their education at the subordinate's locations in phoenix/scottsdale, arizona; jacksonville, florida and the health system sites in minnesota and wisconsin.in addition, many of the subordinates have agreements with universities, colleges, and other educational organizations to provide formal education and experience for students studying to become health care professionals.royalties some subordinates within the group make the research and technology developed throughout mayo clinic available to the public. This is accomplished through licensing arrangements with others having the capability to distribute the technology to the medical community and the general public. In exchange for these licenses, the subordinates receive royalties based on gross revenues generated from the products developed from the licensed technology or invention.

Expenses: $197.1MGrants: $7.7M

Financials

FY 2024

Revenue

Contributions & grants$761.0M
Program service revenue$13.9B
Investment income$127.7M
Other revenue$143.6M
Total revenue$14.9B

Expenses

Grants paid$1.7B
Salaries & benefits$6.4B
Fundraising$3.1M
Other expenses$6.2B
Total expenses$14.3B
Total assets$17.9B
Net assets$8.7B

People

50 listed

NameRoleCompensation

FARRUGIA MD GIANRICO

DIRECTOR/CEO/PRESIDENT

Board

$4.8M

40 hrs/wk

THIELEN MD KENT R

DIRECTOR/CHAIR/CEO FL

Board

$3.1M

40 hrs/wk

GRAY MD RICHARD J

DIR/CHAIR/CEO AZ/FORMER KEY

Board

$3.1M

40 hrs/wk

WILLIAMS MD AMY W

DIR/VICE CHAIR/EXEC DEAN OF PRACTICE

Board

$2.3M

40 hrs/wk

ZORN CHRISTINA K

DIR/CAO/FORMER OFFICER

Board

$2.1M

40 hrs/wk

DAHLEN DENNIS E

DIRECTOR/VP/FORMER OFFICER

Board

$1.9M

40 hrs/wk

MURPHY JOSHUA B

SECRETARY/ASST SECY

Board

$1.8M

40 hrs/wk

GORMAN PAUL A

TREASURER

Board

$1.7M

40 hrs/wk

QUINONES-HINOJOSA MD ALFREDO

DIRECTOR

Board

$1.6M

40 hrs/wk

WILLMAN MD CHERYL L

DIR/EXEC DIR CANCER PROGRAMS

Board

$1.5M

40 hrs/wk

MEYER MD FREDRIC B

DIR/EXEC DEAN OF EDU

Board

$1.5M

40 hrs/wk

VARKEY MBBS PRATHIBHA

DIRECTOR/PRESIDENT MCHS

Board

$1.4M

40 hrs/wk

MENKOSKY PAULA E

CHIEF HR OFFICER/FORMER OFFICER

Board

$1.2M

40 hrs/wk

DIDEHBAN ROSHANAK

DIRECTOR/SECY/ASST TREAS

Board

$1.1M

40 hrs/wk

HOXWORTH MD JOSEPH M

DIRECTOR

Board

$899K

40 hrs/wk

FAUBION MD WILLIAM A

DIRECTOR

Board

$872K

40 hrs/wk

DUNN AJANI N

DIR/SECY/ASST TREAS/CAO FL

Board

$850K

40 hrs/wk

ROGERS JAMES A

DIRECTOR/ASST SECY

Board

$848K

40 hrs/wk

VALLOW MD LAURA A

DIRECTOR

Board

$841K

40 hrs/wk

COOPER MD LESLIE T

DIRECTOR

Board

$823K

40 hrs/wk

TANER MD BURCIN C

DIRECTOR

Board

$808K

40 hrs/wk

HARA MD AMY K

DIRECTOR

Board

$794K

40 hrs/wk

BRUCE MD CHARLES J

DIRECTOR

Board

$780K

40 hrs/wk

FONSECA MD RAFAEL

DIRECTOR

Board

$779K

40 hrs/wk

THIEL MD DAVID D

DIRECTOR

Board

$768K

40 hrs/wk

MCLAUGHLIN MD SARAH A

DIRECTOR/VICE CHAIR

Board

$733K

40 hrs/wk

CHAPITAL MD ALYSSA B

DIRECTOR/VICE CHAIR

Board

$726K

40 hrs/wk

HUMPHREYS MD MITCHELL R

DIRECTOR

Board

$698K

40 hrs/wk

DRONCA MD ROXANA S

DIRECTOR

Board

$697K

40 hrs/wk

ANIL MD GOKHAN

DIRECTOR/VICE CHAIR

Board

$696K

40 hrs/wk

HORST ADAM M

DIR/TREAS/CFO ROCHESTER

Board

$658K

40 hrs/wk

PHAM MD SI M

PHYSICIAN

Staff

$1.9M

40 hrs/wk

ROSS CHRISTOPHER J

CHIEF INFORMATION OFFICER

Staff

$1.5M

40 hrs/wk

NOTTMEIER MD ERIC W

PHYSICIAN

Staff

$1.5M

40 hrs/wk

BENDOK MD BERNARD R

CHAIR-NEURO SURGERY

Staff

$1.5M

40 hrs/wk

TAWK MD RABIH G

PHYSICIAN

Staff

$1.4M

40 hrs/wk

HALAMKA MD JOHN D

PRESIDENT-MAYO CLINIC PLATFORM

Staff

$1.4M

40 hrs/wk

ZIMMERMAN MD RICHARD S

PHYSICIAN

Staff

$1.4M

40 hrs/wk

WIECHMANN MD ROBERT J

MCHS CLINICAL PRACTICE VICE CHAIR WI

Staff

$1.3M

40 hrs/wk

GILLIGAN SHERRI W

CHIEF MARKETING OFFICER

Staff

$1.0M

40 hrs/wk

BOLAN MD CANDICE W

CHAIR-DEPT OF RADIOLOGY

Staff

$866K

40 hrs/wk

FREDERICK RYANNON K

CHIEF NURSING OFFICER

Staff

$836K

40 hrs/wk

MCKINNEY MD J MARK

FORMER KEY EMPLOYEE

Staff

$823K

40 hrs/wk

REDDY MBBS KUNAM S

DIV CHR-TRANSPLANT SURGERY

Staff

$787K

40 hrs/wk

MOSS MD ADYR A

FORMER KEY EMPLOYEE

Staff

$776K

40 hrs/wk

ANDREWS MD PAUL E

FORMER OFFICER

Staff

$771K

40 hrs/wk

GLANTZ MD JANEL N

FORMER KEY EMPLOYEE

Staff

$752K

40 hrs/wk

ROSENFELD MD DAVID M

CHAIR-ANSETH & PERIOP MED

Staff

$715K

40 hrs/wk

PETROU MD STEVEN P

PHYSICIAN

Staff

$700K

40 hrs/wk

ABEL MD MARTIN D

CHAIR-ANESTH & PERIOP MED

Staff

$662K

40 hrs/wk

Independent contractors

KNUTSON CONSTRUCTION SERVICES ROCHESTER

CONSTRUCTION SERVICES

$186.6M

THE ROBINS AND MORTON GROUP

CONSTRUCTION SERVICES

$179.4M

RIGHT SOURCING INC

WORKFORCE SUPPORT SERVICES

$156.1M

MORRISON MANAGEMENT SPECIALISTS

FOOD SERVICES

$101.6M

DPR CONSTRUCTION A GENERAL PARTNERSHIP

CONSTRUCTION SERVICES

$57.9M

Grants received

Showing 14 of 14

FromAmountPurposeYear
$200K
GENERAL SUPPORT
2024
$125
HEALTH - GENERAL AND REHABILITATIVE
2023
$1M
CANCER RESEARCH
2022
$23K
GENERAL SUPPORT
2022
$15K
ASSISTANCE
2020
$8K
Unrestricted
2020
$10K
For grant recipient's exempt purposes
2019

Funded by

$1.4M from 8 funders · 14 grants · 2019–2024

The V Foundation

$1M · 1 grant · 2022

Whitefish Community Foundation Inc

$229K · 3 grants · 2022–2024

International Association For The

$50K · 1 grant · 2024

Greater Washington Community Foundation

$42K · 5 grants · 2020–2023

Hockey Helps Inc

$15K · 1 grant · 2020

Network For Good

$8K · 1 grant · 2020

Edward Jones Foundation

$125 · 1 grant · 2023

Details

EIN383952644
NTEE codeE21
Subsection03
Ruling date2014-03
Employees65470
Volunteers3122
MAYO CLINIC GROUP RETURN — Mission, Financials & Grants Received | Grantivo