Mayo Clinic
88% 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 $456,988,382 in FY2013 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
Po Box 4007, Rochester, MN, 55903 EIN 59-0714831 Since 2014
Revenue (FY2013)
$457.0M
Health median: $840K
Expenses (FY2013)
$380.8M
Net assets
$300.2M
Employees
1,770
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% 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: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +17% 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: 9 mo reserves · +17% 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 →
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Mission
Operation of a hospital.
What they do
Education activities (see schedule o)education activities:mcf, in conjunction with mcj, provides various educational programs. in 2013, 78 medical students received training at the mayo sites in jacksonville. through 44 active and approved residency and fellowship programs, a total of 289 learners also received training at the mayo sites in jacksonville. partnerships with local educational institutions provided 27 educational programs serving 267 allied health students through the mayo school of health sciences. the above mentioned students, residents and fellows received all or a portion of their training at the mcf campus.in 2013, physicians and researchers at mcf and mcj authored 552 articles published in peer-reviewed journals, published 3 books, 129 abstracts, 36 editorials and 33 book chapters.the educational mission of mcf and mcj also extends to the community. mcf and mcj believe that their medical knowledge must be shared with the community, physicians and health-care professionals. through the mayo clinic school of continuous professional development, health-care providers receive educational programs to update their knowledge. in 2013, over 9,000 physicians and health-care professionals participated in these educational programs.mcf and mcj established a high school boot camp to introduce students to career opportunities in medicine and science. the boot camp occurs twice a year and serves approximately 50 students per session. in 2013, 94 local high school students participated. mcf and mcj also worked with the perry initiative to invite 36 high school girls interested in careers in orthopedic surgery and engineering to visit the simulation center located on the mcf and mcj campus. the simulation center hosted 1,072 events reaching 7,631 learners. many of the simulation activities involved partnerships with academic institutions, military and other members of the community. faculty published simulation related research in 6 journals in 2013. mcf and mcj also hosted its annual med school 101 event for students and parents to learn more about tips on getting into medical school. in 2013, the event hosted 160 attendees. in addition, mcf and mcj graduate students in cancer and neuroscience participated in brain awareness events and served as science fair judges at a local science fair to an audience of hundreds.mcf and mcj also provide clinical and basic science research internships for students from across the united states. in 2013, there were 55 students enrolled in the clinical research internship study program (crisp) and 7 students enrolled in the summer undergraduate research fellowship (surf), a 10-week basic science research program.additionally, staff from mcf and mcj support various educational programs in public schools. these staff members assist various elementary, high schools, community colleges and universities in the community. the staff members serve on advisory boards, boards of trustees and participate as resource persons on a regular basis for schools, colleges and universities.one example is the "beyond school walls mentoring" program, a partnership of mcf, mcj, duval county public schools and big brothers and big sisters. under this innovative program, mentees from local schools regularly come to mcf and mcj for structured programs. the program provides an opportunity to expose high school students to employment and volunteer opportunities in medical practice, education and research. the program also provides an opportunity for mcf and mcj staff to mentor students and positively impact high school graduation rates in duval county public schools. the program involves 25 administrators from mcf and mcj to serve as mentors to 25 fletcher high school students. the program runs in parallel to the academic school year and requires a two-year commitment from mentors and mentees. students travel to mcf and mcj every two weeks for one-on-one mentoring sessions and group sessions. program evaluation crite
Contact & location
- Address
- Po Box 4007, Rochester, MN, 55903
- City
- Rochester
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Financial snapshot
Financial health & position (FY2013)
Liabilities $239.9MNet assets $300.2M
Operating margin
16.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$540.2M
Total liabilities
$239.9M
Net assets
$300.2M
Salaries & benefits
$99.2M
26% of expenses
Board members
17
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2013 | $456,988,382 | $380,757,030▲1.4% | $300,238,075▲34.0% | $540,156,654▲20.1% | 990 |
| 2012 | — | $375,359,314▼2.4% | $223,992,872▲25.7% | $449,891,848▲15.2% | 990 |
| 2011 | — | $384,530,960▲16.0% | $178,233,652▲7.3% | $390,416,731▲6.2% | 990 |
| 2010 | — | $331,403,967 | $166,116,066 | $367,600,199 | 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 (FY2013)
Highest-paid: Brown Thomas E — $156,655 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brown Thomas E | Perfusionist | 40 | $156,655 |
| Loughlin Joseph G | Pharmacist | 40 | $153,910 |
| Besser Robert A | Pharmacist | 40 | $153,582 |
| Ventresca Elizabeth C | Pharmacist | 40 | $152,821 |
| Metcalf Suzanne | Perfusionist | 40 | $150,043 |
| Bartley Md George B | Former Chair / Ceo | 0 | — |
| Brigham Robert F | Director/secretary/cao | 1 | — |
| Brott Md Thomas G | Director/physician | 1 | — |
| Buskirk Md Steven J | Director/physician | 1 | — |
| Cangemi Md John R | Director/physician | 1 | — |
| Casler Md John D | Director/physician | 1 | — |
| Dawson Md Nancy L | Director/physician | 1 | — |
| Devault Md Kenneth R | Director/physician | 1 | — |
| Gonwa Md Thomas A | Director/physician | 1 | — |
| Harrison Debra A | Director/cno | 1 | — |
| Hoffman Mary J | Director/treas./asst. Secy./cfo | 1 | — |
| Jorgensen Steven C | Former Assistant Secretary | 0 | — |
| Lange Md Stephen M | Director/vice Chair/physician | 1 | — |
| Leventhal Md Jack P | Former Vice Chair | 0 | — |
| Mathews Hilary G | Director/asst. Secry./division Chair | 1 | — |
Grants received · $50.8M total
31 grants to Mayo Clinic totaling $50.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic | Support charitable programs | 2024 | $4,570,352 |
| Amyotrophic Lateral Sclerosis Assn | Bitner plante quarterly grant fy25 | 2024 | $426,327 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $35,000 |
| Mayo Clinic | Support charitable programs | 2023 | $433,705 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research; bitner plante quarterly grant | 2023 | $341,009 |
| Johnson Charitable Gift Fund | General fund | 2023 | $25,000 |
| Mayo Clinic | Support charitable programs | 2022 | $55,547 |
| Amyotrophic Lateral Sclerosis Assn | Bitner plante quarterly grant | 2022 | $49,839 |
| Johnson Charitable Gift Fund | General fund | 2022 | $25,000 |
| American Gift Fund | Operations | 2022 | $10,000 |
| Mayo Clinic | Support charitable programs | 2021 | $55,292 |
| Johnson Charitable Gift Fund | General fund | 2021 | $25,000 |
| Charlottesville Area Community Foundation | For general support of the jacksonville, fl location | 2021 | $10,000 |
| Mayo Clinic | Support charitable programs | 2020 | $44,672 |
| Johnson Charitable Gift Fund | General fund | 2020 | $25,000 |
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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 59-0714831, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Mayo Clinic's EIN?
- Mayo Clinic's Employer Identification Number (EIN) is 59-0714831.
- How much revenue does Mayo Clinic report?
- Mayo Clinic reported $456,988,382 in total revenue on its fiscal year 2013 IRS Form 990 filing.
- How much of Mayo Clinic's spending goes to programs?
- Mayo Clinic spends about 88% 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 $156,655, paid to Brown Thomas E (Perfusionist).
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Data for Mayo Clinic (EIN 59-0714831) 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.