Cause IQ organization profile

Mayo Clinic

Form 990s | Financials | Vendors | Personnel | Peers

Mayo Clinic is a hospital system based in Rochester, MN that was founded in 1919. As of 2018 they had $6.1 billion in revenue and $11 billion in assets.

Mayo Clinic has more than 4,500 physicians, scientists and researchers from every medical specialty. They work together with 58,400 allied health employees to care 1.3 million+ patients each year, from every U.S. state and many countries.

EIN:

41-6011702

City:

Rochester

State:

Minnesota

Website:

mayoclinic.org

Phone:

507-284-2511

Facebook:

facebook.com/MayoClinic

Twitter:

@mayoclinic

Founded:

1919

Type:

501(c)(3)

NTEE:

E21: Community health and hospital systems

Revenue:

$6,142,231,316

Assets:

$11,310,805,903

Employees:

23,901

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Mayo Clinic

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 21, 2020	990	View PDF
2017-12	Mar 15, 2019	990	View PDF
2016-12	Mar 14, 2018	990	View PDF
2015-12	Mar 7, 2017	990	View PDF
2014-12	Feb 18, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for Mayo Clinic

Field	2017	2016	% Change
Federated campaigns	$22,957	$75,108	-69.4%
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$949,477,411	$559,919,467	69.6%
Government grants (contributions)	$252,603,116	$257,284,320	-1.8%
Normal grants, contributions, etc.	$520,749,477	$363,520,978	43.3%
<em>Non-cash contributions included in above</em>	$33,801,439	$21,554,632	56.8%
Total grants, contributions, etc.	$1,722,852,961	$1,180,799,873	45.9%

Field	2017	2016	% Change
Total grants, contributions, etc.	$1,722,852,961	$1,180,799,873	45.9%
Program services	$3,965,257,114	$3,695,379,697	7.3%
Investment income and dividends	$83,496,845	$62,550,772	33.5%
Tax-exempt bond proceeds	$0	$1,389	-100%
Royalty revenue	$27,832,366	$25,003,500	11.3%
Net rental income	$391,032	$198,792	96.7%
Net gain from sale of non-inventory assets	$311,363,766	$157,104,866	98.2%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$31,037,232	$31,095,494	-0.2%
Total revenues	$6,142,231,316	$5,152,134,383	19.2%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$681,186,250	$162,137,342	320.1%
Grants to individuals in USA	$12,912,878	$11,481,666	12.5%
Grants to govts., orgs., and individuals outside USA	$2,538,352	$2,307,316	10.0%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$22,171,053	$23,707,512	-6.5%
Compensation not included above, to disqualified persons	$25,875,168	$17,789,960	45.4%
Non-officer salaries and wages	$1,951,527,946	$1,842,150,507	5.9%
Pension/retirement accruals and contributions	$191,493,638	$167,365,639	14.4%
Other employee benefits	$291,180,277	$248,509,173	17.2%
Payroll taxes	$123,306,449	$113,948,183	8.2%
Management fees	$0	$0
Legal fees	$2,528,188	$12,726,117	-80.1%
Accounting fees	$22,486	$35,384,225	-99.9%
Lobbying fees	$785,237	$803,145	-2.2%
Pro. fundraising fees	$700,510	$711,402	-1.5%
Investment mgmt fees	$3,930,559	$5,920,362	-33.6%
Other fee-for-service	$1,318,459,298	$1,154,630,131	14.2%
Advertising and promotion	$15,413,681	$16,795,281	-8.2%
Office expenses	$195,664,589	$183,159,802	6.8%
Information tech. expenses	$140,641,999	$134,815,571	4.3%
Royalty expenses	$4,003,524	$5,569,102	-28.1%
Occupancy	$85,333,123	$77,963,276	9.5%
Travel	$60,571,856	$55,225,323	9.7%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$6,379,375	$5,457,652	16.9%
Interest	$89,051,404	$79,059,473	12.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$157,822,564	$151,395,389	4.2%
Insurance	$10,826,486	$11,176,499	-3.1%
All other expenses	$435,318,871	$374,523,047	16.2%
Total expenses	$5,829,645,761	$4,894,713,095	19.1%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$3,486,331	$2,724,583	28.0%
Savings, short-term investments, etc.	$1,752,422	$93,250	1779.3%
Pledges and grants receivable	$281,238,827	$288,976,839	-2.7%
Accounts receivable	$493,105,847	$442,190,332	11.5%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$103,383,218	$209,066,321	-50.6%
Inventories for use	$8,021,654	$6,676,551	20.1%
Prepaid expenses and deferred charges	$18,871,844	$13,932,243	35.5%
Buildings, equipment, etc. post-depreciation	$1,409,772,938	$1,294,363,795	8.9%
Investments, publicly traded securities	$326,814,189	$267,763,924	22.1%
Investments, other securities	$7,519,473,738	$6,587,290,056	14.2%
Investments, program-related	$0	$0
Intangible assets	$1,245,417	$1,245,417
Other assets	$1,143,639,478	$1,452,953,678	-21.3%
Total assets	$11,310,805,903	$10,567,276,989	7.0%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$2,781,564,496	$2,440,043,092	14.0%
Grants payable	$0	$0
Deferred revenue	$45,348,962	$32,633,815	39.0%
Tax-exempt bond liabilities	$1,493,476,117	$1,497,739,644	-0.3%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$1,164,228,880	$1,188,545,165	-2.0%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$3,719,256,830	$3,415,546,010	8.9%
Total liabilities	$9,203,875,285	$8,574,507,726	7.3%

Field	2017	2016	% Change
Unrestricted net assets	$-344,283,719	$-172,760,245	-99.3%
Temporarily restricted net assets	$1,332,585,206	$1,146,255,307	16.3%
Permanently restricted net assets	$1,118,629,131	$1,019,274,201	9.7%

Vendors for Mayo Clinic

Vendor	Services	Amount paid	Date
Kimbia	Fundraising software		2020-06-17
███████ ███ ████	Fundraising software; Payment processing		2020-06-17
█████████	Content management system software		2020-06-17
█████ ███ █████ ██ ███	Audit accounting		2020-05-22
████ █████ █████████ ███████	Medical Support Services	$72,578	2020-01-21
████ ██████ ████████ █████████	Medical Support Services	$70,457	2020-01-21
████ ██████ ████████████	Medical Support Services	$4,208	2020-01-21
████ ██████████ ███ ███████ █████████ ██	Procurement and Med Support Services	$5,469,274	2020-01-21
...and 56 more vendors

Personnel at Mayo Clinic

Name	Title	Compensation	Most recent data
Kedrick D. Adkins	Board Member / Chief Financial Officer	-	Feb. 1, 2018
Decker Wyatt W	Vice President and Trustee	$0	Dec. 31, 2016

Peer community health and hospital systems

	Name	Type	Revenue	Location
1	UMass Memorial Health Care Inc & Affiliates	501(c)(3)	$2.4 billion	Worcester, MA
2	University of Pennsylvania (Penn)	501(c)(3)	$7.2 billion	Philadelphia, PA
3	Partners HealthCare	501(c)(3)	$13 billion	Somerville, MA
4	Park Nicollet Group Return	501(c)(3)	$1.6 billion	St Louis Park, MN
5	Mayo Clinic Hospital-Rochester	501(c)(3)	$2.0 billion	Rochester, MN
6	BJC Health System	501(c)(3)	$4.9 billion	St Louis, MO
7	Aurora Health Care Inc Group Return	501(c)(3)	$4.7 billion	Milwaukee, WI
8	Riverside Healthcare Association Inc Group	501(c)(3)	$1.5 billion	Newport News, VA
9	Spectrum Health	501(c)(3)	$3.2 billion	Grand Rapids, MI
10	UC Healthcare System	501(c)(3)	$1.6 billion	Cincinnati, OH
11	Atlantic Health System Inc Group Return	501(c)(3)	$2.9 billion	Morristown, NJ
12	Adventist Health SystemSunbelt	501(c)(3)	$4.4 billion	Altamonte Springs, FL
13	Upmc	501(c)(3)	$13 billion	Pittsburgh, PA
14	MultiCare Health System	501(c)(3)	$2.9 billion	Tacoma, WA
15	Sharp HealthCare	501(c)(3)	$1.5 billion	San Diego, CA
16	SSM Health Care St Louis	501(c)(3)	$1.6 billion	St Louis, MO
17	Trinity Health Corporation	501(c)(3)	$1.8 billion	Livonia, MI
18	Highmark Health Group	501(c)(3)	$3.3 billion	Pittsburgh, PA
19	Palmetto Health	501(c)(3)	$1.8 billion	Columbia, SC
20	Ihc Health Services	501(c)(3)	$5.9 billion	Salt Lake City, UT
21	Banner Health	501(c)(3)	$6.7 billion	Phoenix, AZ
22	Ascension Health Alliance	501(c)(3)	$2.3 billion	St Louis, MO
23	Hackensack Meridian Health Inc-Subordinates (HMH)	501(c)(3)	$5.0 billion	Neptune, NJ
24	Cleveland Clinic	501(c)(3)	$10 billion	Independence, OH
25	Fairview Health Service	501(c)(3)	$3.8 billion	Minneapolis, MN

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Cause IQ organization profile

Mayo Clinic

Form 990s for Mayo Clinic

Financials for Mayo Clinic

Vendors for Mayo Clinic

Personnel at Mayo Clinic

Peer community health and hospital systems

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