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 2019 they had $6.4 billion in revenue and $12 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.

Mayo Clinic makes grants to other organizations, such as $74,395,470 to Mayo Clinic Jacksonville for "Support Charitable Programs"; $64,733,170 to Mayo Clinic Arizona for "Support Charitable Programs"; $3,908,802 to Duke University for "Support Charitable Programs"; $2,182,107 to University of California San Francisco / Ucsf Payroll Office for "Support Research Program"; and $1,598,233 to The University of Chicago (UChicago) for "Support Charitable Programs".

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:

$6,423,359,494

Assets:

$12,305,407,265

Employees:

25,479

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	2018	2017	% Change
Federated campaigns	$96,565	$22,957	320.6%
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$1,062,290,899	$949,477,411	11.9%
Government grants (contributions)	$278,277,662	$252,603,116	10.2%
Normal grants, contributions, etc.	$634,842,030	$520,749,477	21.9%
<em>Non-cash contributions included in above</em>	$20,540,747	$33,801,439	-39.2%
Total grants, contributions, etc.	$1,975,507,156	$1,722,852,961	14.7%

Field	2018	2017	% Change
Total grants, contributions, etc.	$1,975,507,156	$1,722,852,961	14.7%
Program services	$4,050,035,431	$3,965,257,114	2.1%
Investment income and dividends	$31,066,834	$83,496,845	-62.8%
Tax-exempt bond proceeds	$469,119	$0	999%
Royalty revenue	$28,337,197	$27,832,366	1.8%
Net rental income	$162,982	$391,032	-58.3%
Net gain from sale of non-inventory assets	$291,626,500	$311,363,766	-6.3%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$48,305	$0	999%
Miscellaneous revenues	$46,105,970	$31,037,232	48.6%
Total revenues	$6,423,359,494	$6,142,231,316	4.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$189,070,068	$681,186,250	-72.2%
Grants to individuals in USA	$13,991,760	$12,912,878	8.4%
Grants to govts., orgs., and individuals outside USA	$1,502,884	$2,538,352	-40.8%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$17,097,188	$22,171,053	-22.9%
Compensation not included above, to disqualified persons	$21,571,997	$25,875,168	-16.6%
Non-officer salaries and wages	$2,168,129,373	$1,951,527,946	11.1%
Pension/retirement accruals and contributions	$205,200,085	$191,493,638	7.2%
Other employee benefits	$260,624,215	$291,180,277	-10.5%
Payroll taxes	$132,818,059	$123,306,449	7.7%
Management fees	$0	$0
Legal fees	$1,032,512	$2,528,188	-59.2%
Accounting fees	$390,368	$22,486	1636.0%
Lobbying fees	$800,773	$785,237	2.0%
Pro. fundraising fees	$941,836	$700,510	34.5%
Investment mgmt fees	$4,446,748	$3,930,559	13.1%
Other fee-for-service	$1,317,925,617	$1,318,459,298	-0.0%
Advertising and promotion	$15,704,952	$15,413,681	1.9%
Office expenses	$201,890,460	$195,664,589	3.2%
Information tech. expenses	$152,676,104	$140,641,999	8.6%
Royalty expenses	$2,373,731	$4,003,524	-40.7%
Occupancy	$79,836,320	$85,333,123	-6.4%
Travel	$68,993,121	$60,571,856	13.9%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$8,778,705	$6,379,375	37.6%
Interest	$93,623,265	$89,051,404	5.1%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$187,516,413	$157,822,564	18.8%
Insurance	$13,573,148	$10,826,486	25.4%
All other expenses	$467,277,949	$435,318,871	7.3%
Total expenses	$5,627,787,651	$5,829,645,761	-3.5%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$2,513,119	$3,486,331	-27.9%
Savings, short-term investments, etc.	$462	$1,752,422	-100.0%
Pledges and grants receivable	$402,817,614	$281,238,827	43.2%
Accounts receivable	$432,211,923	$493,105,847	-12.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$219,206,137	$103,383,218	112.0%
Inventories for use	$6,669,532	$8,021,654	-16.9%
Prepaid expenses and deferred charges	$6,456,807	$18,871,844	-65.8%
Buildings, equipment, etc. post-depreciation	$1,505,252,762	$1,409,772,938	6.8%
Investments, publicly traded securities	$322,107,196	$326,814,189	-1.4%
Investments, other securities	$8,266,135,991	$7,519,473,738	9.9%
Investments, program-related	$0	$0
Intangible assets		$1,245,417
Other assets	$1,142,035,722	$1,143,639,478	-0.1%
Total assets	$12,305,407,265	$11,310,805,903	8.8%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$2,200,959,666	$2,781,564,496	-20.9%
Grants payable	$0	$0
Deferred revenue	$50,905,241	$45,348,962	12.3%
Tax-exempt bond liabilities	$1,685,324,936	$1,493,476,117	12.8%
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	$1,363,981,822	$1,164,228,880	17.2%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$3,972,766,194	$3,719,256,830	6.8%
Total liabilities	$9,273,937,859	$9,203,875,285	0.8%

Field	2018	2017	% Change
Unrestricted net assets	$393,444,475	$-344,283,719	214.3%
Temporarily restricted net assets	$1,310,703,655	$1,332,585,206	-1.6%
Permanently restricted net assets	$1,327,321,276	$1,118,629,131	18.7%

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	$4,208	2020-01-21
████ ██████████ ███ ███████ █████████ ██	Procurement and Med Support Services	$5,469,274	2020-01-21
████ ██████ ████████ █████████	Medical Support Services	$70,457	2020-01-21
████ █████ █████████ ███████	Medical Support Services	$72,578	2020-01-21
...and 19 more vendors

Personnel at Mayo Clinic

Name	Title	Compensation	Most recent data
Dennis E Dahlen	Chief Financial Officer	-	Jan. 21, 2020
Black John L	Former Key Employee	$382,597	Dec. 31, 2018
██████ ██████ █	Past Chief Financial Officer	$0	Dec. 31, 2018
████████ ████████	Vice President and Trustee	$0	Dec. 31, 2018
█████████ █████ █	Assistant Treasurer	$0	Dec. 31, 2018
██████ ███████ █	Vice President and Trustee	$0	Dec. 31, 2018
██████ ██████ █	Assistant Secretary	$0	Dec. 31, 2018
██████ ████ █	Assistant Treasurer	$0	Dec. 31, 2018
██████ █████ █	Vice President and Trustee	$0	Dec. 31, 2018
██████ ███████ █	Former Officer	$0	Dec. 31, 2018
...and three more key personnel

Peer community health and hospital systems

	Name	Type	Revenue	Location
1	University of Pennsylvania (Penn)	501(c)(3)	$7.2 billion	Philadelphia, PA
2	Partners HealthCare	501(c)(3)	$13 billion	Somerville, MA
3	UMass Memorial Health Care Inc & Affiliates	501(c)(3)	$2.4 billion	Worcester, 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	Aurora Health Care Group Return	501(c)(3)	$5.0 billion	Milwaukee, WI
7	BJC Health System	501(c)(3)	$4.9 billion	St Louis, MO
8	Spectrum Health	501(c)(3)	$3.2 billion	Grand Rapids, MI
9	UC Healthcare System	501(c)(3)	$1.6 billion	Cincinnati, OH
10	Adventist Health SystemSunbelt	501(c)(3)	$4.4 billion	Altamonte Springs, FL
11	Upmc	501(c)(3)	$13 billion	Pittsburgh, PA
12	MultiCare Health System	501(c)(3)	$2.9 billion	Tacoma, WA
13	Ascension Health Alliance	501(c)(3)	$2.3 billion	St Louis, MO
14	Trinity Health Corporation	501(c)(3)	$1.8 billion	Livonia, MI
15	Ihc Health Services	501(c)(3)	$5.9 billion	Salt Lake City, UT
16	SSM Health Care St Louis	501(c)(3)	$1.6 billion	St Louis, MO
17	Highmark Health Group	501(c)(3)	$3.6 billion	Pittsburgh, PA
18	Palmetto Health	501(c)(3)	$1.8 billion	Columbia, SC
19	Banner Health	501(c)(3)	$6.7 billion	Phoenix, AZ
20	Atlantic Health System Inc Group Return	501(c)(3)	$2.9 billion	Morristown, NJ
21	Hackensack Meridian Health Inc-Subordinates (HMH)	501(c)(3)	$5.0 billion	Neptune, NJ
22	Cleveland Clinic	501(c)(3)	$10 billion	Independence, OH
23	Allina Health	501(c)(3)	$4.5 billion	Minneapolis, MN
24	Fairview Health Service	501(c)(3)	$3.8 billion	Minneapolis, MN
25	Spectrum Health Hospitals	501(c)(3)	$1.7 billion	Grand Rapids, MI

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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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