Mayo Clinic
93% goes to programs $0 to raise $100 Strong reserves
Mayo Clinic is a 501(c)(3) organization based in Rochester, Minnesota, registered in 2014, with $2,021,770,805 in FY2015 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
Po Box 4007, Rochester, MN, 55903 EIN 41-0944601 Since 2014
Revenue (FY2015)
$2.0B
▲ 15.0% vs prior year
Health median: $840K
Expenses (FY2015)
$1.9B
Net assets
$1.6B
Employees
10,469
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mayo Clinic: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mayo Clinic: 10 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mayo Clinic: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mayo Clinic: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The filing organization provides tertiary-care and acute-care in rochester, minnesota.
What they do
Education (see schedule o)mayo clinic hospital - rochester is integral to the education programs of mayo clinic college of medicine, providing essential clinical care experiences for residents, students and trainees. as a teaching hospital, mayo clinic hospital - rochester provided educational experience to 791 residents of the mayo school of graduate medical education in 2015.mayo clinic hospital - rochester provides clinical experiences for several mayo school of health sciences programs. these include a dietetic internship program, pharmacy residency program, chaplaincy internship program, nurse anesthesia, clinical pastoral education and others. in addition, undergraduate clinical nursing experience is offered to students through affiliations with a number of nursing school programs. an administrative internship program is sponsored by mayo clinic hospital - rochester and echocardiography and cardiovascular invasive specialist programs within the mayo school of health sciences are also based at mayo clinic hospital - rochester.
Contact & location
- Address
- Po Box 4007, Rochester, MN, 55903
- City
- Rochester
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $988.1M (FY2013) to $2.0B (FY2015) across 3 reported years.
Financial snapshot
Financial health & position (FY2015)
Liabilities $327.1MNet assets $1.6B
Operating margin
7.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$327.1M
Net assets
$1.6B
Salaries & benefits
$662.2M
35% of expenses
Board members
26
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2015 | $2,021,770,805▲15.0% | $1,868,237,701▲40.0% | $1,625,026,164▲10.9% | $1,952,100,204▲10.9% | 990 |
| 2014 | $1,757,755,581▲77.9% | $1,334,114,339▲60.3% | $1,465,267,893▲36.6% | $1,759,533,780▲25.2% | 990 |
| 2013 | $988,054,043 | $832,206,311▼0.3% | $1,072,711,730▲112% | $1,405,809,033▲95.9% | 990 |
| 2012 | — | $834,696,995▲4.3% | $506,558,804▲15.7% | $717,494,978▲10.5% | 990 |
| 2011 | — | $800,428,612▲3.6% | $437,830,319▲11.7% | $649,597,613▲1.8% | 990 |
| 2010 | — | $772,632,296 | $391,915,642 | $638,183,449 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2015)
Highest-paid: Johnson Pamela O — $405,740 (0.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Johnson Pamela O | Director | 40 | $405,740 |
| Jones Kristi L | Rn | 40 | $238,800 |
| Zwygart Amy M | Vice Chair Nursing | 40 | $215,980 |
| Dillon Kevin R | Chief Pharmacy Officer | 40 | $215,622 |
| Christiansen Philip R | Mgr-pharm Ops-med Prod | 40 | $192,951 |
| Bergrud Karen J | Sr Director-pharmacy | 40 | $189,971 |
| Oyen Lance J | Assoc Chief Pharm Off-pract/rs | 40 | $187,024 |
| Gaines Kim A | Admin Nursing | 40 | $183,539 |
| Ackerman Franklin K | Assoc Admin-hospital Ops | 40 | $176,006 |
| Adkins Jr Kedrick D | Director | 1 | — |
| Agerter Md David C | Director | 1 | — |
| Bolton Jeffrey W | Vice Chair/director | 1 | — |
| Brown William A | Former Officer | 0 | — |
| Gabrielson Sharon R | Director | 1 | — |
| Gertz Md Morie A | Director | 1 | — |
| Gores Md Gregory J | Director | 1 | — |
| Gostout Md Bobbie S | Director | 1 | — |
| Grace Richard W | Director | 1 | — |
| Hanson Md Curtis A | Director | 1 | — |
| Harper Jr Md Charles M | Vice Chair/director | 1 | — |
Top vendors & contractors (FY2015)
| Contractor | Services | Paid |
|---|---|---|
| Mayo Fndn For Medical Education & Resear | Procurement Agent | $86,103,710 |
| Mayo Clinic | Purchased Services | $7,732,995 |
| Charterhouse Inc | Medical Services | $2,536,749 |
| Mayo Clinic Health System-albert Lea and | Medical Services | $281,642 |
Grants received · $12.1M total
36 grants to Mayo Clinic totaling $12.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic | Support charitable programs | 2024 | $2,547,278 |
| American Cancer Society Inc | Patient support | 2024 | $85,000 |
| American Cancer Society Inc | Support/research | 2023 | $1,600,000 |
| Mayo Clinic | Support charitable programs | 2023 | $436,192 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $315,350 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $38,000 |
| Paypal Charitable Giving Fund | — | 2023 | $14,044 |
| National Philanthropic Tr | Health | 2023 | $5,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $320,651 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $45,500 |
| Mayo Clinic | Support charitable programs | 2022 | $12,012 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $319,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $319,100 |
| Mayo Clinic | Support charitable programs | 2021 | $47,937 |
| National Philanthropic Tr | Health | 2021 | $10,500 |
Grants made · $350.0M in FY2015
2 grants totaling $350.0M in FY2015. All grants made by Mayo Clinic →
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic | Support charitable programs | $350,000,000 |
| Poverello Foundation | Support charitable programs | $29,184 |
Similar organizations in Health
Compare Mayo Clinic
Frequently asked questions
- Is Mayo Clinic a legitimate nonprofit?
- Yes. Mayo Clinic is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0944601, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Mayo Clinic's EIN?
- Mayo Clinic's Employer Identification Number (EIN) is 41-0944601.
- How much revenue does Mayo Clinic report?
- Mayo Clinic reported $2,021,770,805 in total revenue on its fiscal year 2015 IRS Form 990 filing.
- How much of Mayo Clinic's spending goes to programs?
- Mayo Clinic spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mayo Clinic have?
- CharityIndex grades Mayo Clinic A, based on program efficiency and fundraising cost.
- How much does Mayo Clinic's highest-paid employee make?
- The highest reported compensation on Mayo Clinic's latest Form 990 is $405,740, paid to Johnson Pamela O (Director).
More nonprofits in Rochester
Explore more
Data for Mayo Clinic (EIN 41-0944601) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.