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.

Mayo Clinic makes grants to other organizations, such as $479,770,314 to Mayo Clinic (Mayo Clinic Jacksonville) for "Support Charitable Programs"; $90,354,407 to Okefenokee Health for "Support Charitable Programs"; $63,856,268 to Mayo Clinic Arizona for "Support Charitable Programs"; $5,369,126 to Duke University for "Support Charitable Programs"; and $2,274,090 to Mayo Foundation for Medical Education and Research 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:

$6,142,231,316

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
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
2013-12	Dec 29, 2014	990	View PDF
...and four 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
Ernst and Young Us LLP	Audit accounting		2019-05-20
█████████	Content management system software		2019-05-02
████ ████████ ██████ ███ ███████	Consulting	$200,437	2017-12-01
█████ ███ ███████ ███	Consults on Legal Issues	$41,505	2017-12-01
████ █████ █████████ ███████	Medical Support Services	$6,949,714	2017-12-01
████ █████ █████ █████ ███ ███████ ██	Consults on Legal Issues	$19,965	2017-12-01
███████ ████	Consults on Legal Issues	$13,164	2017-12-01
████ ██████ ███████	Medical Support Services	$2,728,600	2017-12-01
...and 53 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
██████████ ████ █	Chief Executive Officer and President and Trustee	$0	Dec. 31, 2016
███████ ██████ █	Vice President and Trustee	$904,262	Dec. 31, 2016
████████ █████ █	Trustee and Assistant Secretary	$0	Dec. 31, 2016
██████ ██████ █	Assistant Secretary	$0	Dec. 31, 2016
███████ ████ █	Former Officer	$0	Dec. 31, 2016
██████████ █████ █	Past Assistant Treasurer	$673,914	Dec. 31, 2016
███████ █████ █	Past Treasurer	$1.5 million	Dec. 31, 2016
███████ █████ █	Past Assistant Treasurer	$0	Dec. 31, 2016
...and seven 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	Mayo Clinic Hospital-Rochester	501(c)(3)	$2.0 billion	Rochester, MN
3	BJC Health System	501(c)(3)	$4.8 billion	St Louis, MO
4	Aurora Health Care Inc Group Return	501(c)(3)	$4.7 billion	Milwaukee, WI
5	Riverside	501(c)(3)	$1.5 billion	Newport News, VA
6	Atlantic Health System Inc Group Return	501(c)(3)	$2.6 billion	Morristown, NJ
7	Adventist Health SystemSunbelt	501(c)(3)	$4.0 billion	Altamonte Springs, FL
8	MultiCare Health System	501(c)(3)	$2.9 billion	Tacoma, WA
9	Sharp HealthCare	501(c)(3)	$1.5 billion	San Diego, CA
10	Partners HealthCare	501(c)(3)	$12 billion	Somerville, MA
11	Ascension Health Alliance	501(c)(3)	$2.3 billion	St Louis, MO
12	UC Healthcare System	501(c)(3)	$1.6 billion	Cincinnati, OH
13	Banner Health	501(c)(3)	$6.4 billion	Phoenix, AZ
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	Palmetto Health	501(c)(3)	$1.8 billion	Columbia, SC
17	Allina Health	501(c)(3)	$4.2 billion	Minneapolis, MN
18	Fairview Health Service	501(c)(3)	$3.7 billion	Minneapolis, MN
19	Upmc Group	501(c)(3)	$12 billion	Pittsburgh, PA
20	Duke University Health System	501(c)(3)	$3.5 billion	Durham, NC
21	Scripps Health	501(c)(3)	$2.8 billion	San Diego, CA
22	Spectrum Health	501(c)(3)	$3.2 billion	Grand Rapids, MI
23	Highmark Health Group	501(c)(3)	$3.3 billion	Pittsburgh, PA
24	Memorial Sloan-Kettering Cancer Center / Group Return (MSKCC)	501(c)(3)	$4.4 billion	New York, NY
25	Providence Health System - So California	501(c)(3)	$1.9 billion	Renton, WA

Also explore

Want more details?

You're in good company! Cause IQ's customers include leading technology, accounting, financial services, consulting, fundraising, and other firms.

Request a demo and see Cause IQ in action!

What is Cause IQ?

Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients.

For example, our data and tools help companies prospect for community health and hospital systems, qualify inbound opportunities like Mayo Clinic, benchmark clients to other hospital systems, and enrich existing CRM information.

Already a customer?

Log in to see a complete profile, including all key personnel, Form 990 PDF downloads, vendors, and organization reports.

Curious how Cause IQ can help you grow, maintain, and serve your nonprofit clients?

Get a demo

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

Also explore

Want more details?

What is Cause IQ?

Already a customer?

Nonprofits

Product

Customers

About

Email newsletter