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.
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.
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.
Financials
FY 2024
Revenue
Expenses
People
50 listed
FARRUGIA MD GIANRICO
DIRECTOR/CEO/PRESIDENT
$4.8M
40 hrs/wk
THIELEN MD KENT R
DIRECTOR/CHAIR/CEO FL
$3.1M
40 hrs/wk
GRAY MD RICHARD J
DIR/CHAIR/CEO AZ/FORMER KEY
$3.1M
40 hrs/wk
WILLIAMS MD AMY W
DIR/VICE CHAIR/EXEC DEAN OF PRACTICE
$2.3M
40 hrs/wk
ZORN CHRISTINA K
DIR/CAO/FORMER OFFICER
$2.1M
40 hrs/wk
DAHLEN DENNIS E
DIRECTOR/VP/FORMER OFFICER
$1.9M
40 hrs/wk
MURPHY JOSHUA B
SECRETARY/ASST SECY
$1.8M
40 hrs/wk
GORMAN PAUL A
TREASURER
$1.7M
40 hrs/wk
QUINONES-HINOJOSA MD ALFREDO
DIRECTOR
$1.6M
40 hrs/wk
WILLMAN MD CHERYL L
DIR/EXEC DIR CANCER PROGRAMS
$1.5M
40 hrs/wk
MEYER MD FREDRIC B
DIR/EXEC DEAN OF EDU
$1.5M
40 hrs/wk
VARKEY MBBS PRATHIBHA
DIRECTOR/PRESIDENT MCHS
$1.4M
40 hrs/wk
MENKOSKY PAULA E
CHIEF HR OFFICER/FORMER OFFICER
$1.2M
40 hrs/wk
DIDEHBAN ROSHANAK
DIRECTOR/SECY/ASST TREAS
$1.1M
40 hrs/wk
HOXWORTH MD JOSEPH M
DIRECTOR
$899K
40 hrs/wk
FAUBION MD WILLIAM A
DIRECTOR
$872K
40 hrs/wk
DUNN AJANI N
DIR/SECY/ASST TREAS/CAO FL
$850K
40 hrs/wk
ROGERS JAMES A
DIRECTOR/ASST SECY
$848K
40 hrs/wk
VALLOW MD LAURA A
DIRECTOR
$841K
40 hrs/wk
COOPER MD LESLIE T
DIRECTOR
$823K
40 hrs/wk
TANER MD BURCIN C
DIRECTOR
$808K
40 hrs/wk
HARA MD AMY K
DIRECTOR
$794K
40 hrs/wk
BRUCE MD CHARLES J
DIRECTOR
$780K
40 hrs/wk
FONSECA MD RAFAEL
DIRECTOR
$779K
40 hrs/wk
THIEL MD DAVID D
DIRECTOR
$768K
40 hrs/wk
MCLAUGHLIN MD SARAH A
DIRECTOR/VICE CHAIR
$733K
40 hrs/wk
CHAPITAL MD ALYSSA B
DIRECTOR/VICE CHAIR
$726K
40 hrs/wk
HUMPHREYS MD MITCHELL R
DIRECTOR
$698K
40 hrs/wk
DRONCA MD ROXANA S
DIRECTOR
$697K
40 hrs/wk
ANIL MD GOKHAN
DIRECTOR/VICE CHAIR
$696K
40 hrs/wk
HORST ADAM M
DIR/TREAS/CFO ROCHESTER
$658K
40 hrs/wk
PHAM MD SI M
PHYSICIAN
$1.9M
40 hrs/wk
ROSS CHRISTOPHER J
CHIEF INFORMATION OFFICER
$1.5M
40 hrs/wk
NOTTMEIER MD ERIC W
PHYSICIAN
$1.5M
40 hrs/wk
BENDOK MD BERNARD R
CHAIR-NEURO SURGERY
$1.5M
40 hrs/wk
TAWK MD RABIH G
PHYSICIAN
$1.4M
40 hrs/wk
HALAMKA MD JOHN D
PRESIDENT-MAYO CLINIC PLATFORM
$1.4M
40 hrs/wk
ZIMMERMAN MD RICHARD S
PHYSICIAN
$1.4M
40 hrs/wk
WIECHMANN MD ROBERT J
MCHS CLINICAL PRACTICE VICE CHAIR WI
$1.3M
40 hrs/wk
GILLIGAN SHERRI W
CHIEF MARKETING OFFICER
$1.0M
40 hrs/wk
BOLAN MD CANDICE W
CHAIR-DEPT OF RADIOLOGY
$866K
40 hrs/wk
FREDERICK RYANNON K
CHIEF NURSING OFFICER
$836K
40 hrs/wk
MCKINNEY MD J MARK
FORMER KEY EMPLOYEE
$823K
40 hrs/wk
REDDY MBBS KUNAM S
DIV CHR-TRANSPLANT SURGERY
$787K
40 hrs/wk
MOSS MD ADYR A
FORMER KEY EMPLOYEE
$776K
40 hrs/wk
ANDREWS MD PAUL E
FORMER OFFICER
$771K
40 hrs/wk
GLANTZ MD JANEL N
FORMER KEY EMPLOYEE
$752K
40 hrs/wk
ROSENFELD MD DAVID M
CHAIR-ANSETH & PERIOP MED
$715K
40 hrs/wk
PETROU MD STEVEN P
PHYSICIAN
$700K
40 hrs/wk
ABEL MD MARTIN D
CHAIR-ANESTH & PERIOP MED
$662K
40 hrs/wk
Independent contractors
KNUTSON CONSTRUCTION SERVICES ROCHESTER
CONSTRUCTION SERVICES
THE ROBINS AND MORTON GROUP
CONSTRUCTION SERVICES
RIGHT SOURCING INC
WORKFORCE SUPPORT SERVICES
MORRISON MANAGEMENT SPECIALISTS
FOOD SERVICES
DPR CONSTRUCTION A GENERAL PARTNERSHIP
CONSTRUCTION SERVICES
Grants received
Showing 14 of 14
Funded by
$1.4M from 8 funders · 14 grants · 2019–2024
$1M · 1 grant · 2022
$229K · 3 grants · 2022–2024
$50K · 1 grant · 2024
$42K · 5 grants · 2020–2023
$15K · 1 grant · 2020
$10K · 1 grant · 2019
$8K · 1 grant · 2020
$125 · 1 grant · 2023