EIN 41-6011702

Mayo Clinic

IRS 501(c) type
501(c)(3)
Num. employees
26,211
Year formed
1919
Most recent tax filings
2019-12-01
Description
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.
Total revenues
$6,819,422,921
2019
Total expenses
$5,684,760,529
2019
Total assets
$13,128,051,185
2019
Num. employees
26,211
2019

Program areas at Mayo Clinic

Patient care (see schedule o for description)patient care:mayo Clinic is an integrated, not-for-profit medical group practice. Its standard of care brings together teams of experts to provide high-quality, affordable and compassionate care to each patient consistent with Mayo Clinic's primary value - the needs of the patient come first. Mayo Clinic's mission is to inspire hope and contribute to health and well-being by providing the best care to every patient through integrated clinical practice, education and research. Mayo Clinic's heritage of collaborative medical expertise is combined with careful attention to individual patient needs, resulting in a thorough and personal approach to health care.patient care advanced through education and research is the foundation of Mayo Clinic's mission. To accomplish its mission, Mayo Clinic not only provides a variety of programs in direct patient care, medical education and research, but also serves as the parent organization of a multi-entity organization consisting of hospitals, clinics, health care providers and other entities providing health care-related services and knowledge delivery to the public throughout the world. In rochester, Mayo Clinic works collaboratively with Mayo Clinic hospital - rochester, an affiliated entity comprised of saint marys campus and methodist campus to form an integrated medical center dedicated to providing comprehensive diagnosis and treatment in virtually every medical and surgical specialty.mayo Clinic is also the sole member of Mayo Clinic Arizona and Mayo Clinic jacksonville which provide services to patients in the southwest and southeast regions of the united states. In the midwest, Mayo Clinic health system serves approximately 60 communities in Minnesota, Wisconsin, and Iowa through a network of community-based physicians to provide quality health care close to home, and also supported by the highly specialized expertise and resources of Mayo clinic.utilizing common governance, shared systems and standardized policies and procedures whenever possible, Mayo Clinic strives to provide consistent, high quality health care services and knowledge delivery within every aspect of care. A 31-member board of trustees comprised of a majority of public members along with Mayo physicians and administrators ensure the entire organization remains true to its mission and culture of providing for the health care needs of the public rather than for private benefit. In 2019, the organization reinforced its leadership in patient care, research and education to drive forward the transformation of health care over the next decade. With digital innovations and new technologies, Mayo Clinic is moving quickly to extend its compassionate care, expertise and research, and is reinvesting in people and facilities in the communities it serves. Mayo Clinic has accelerated its investment in the digital transformation of health care, as part of its 2030 strategy to transform patient and clinician experiences and solve humanity's most complex medical challenges. Mayo Clinic remains top-ranked in quality more than any other health care organization by independent groups, such as the nursing magnet recognition program, press ganey patient experience awards, the centers for medicare & medicaid services overall hospital quality star ratings, leapfrog hospital safety survey and the american college of surgeons national surgical quality improvement program. In 2019, Mayo Clinic in rochester, Minnesota, again was ranked the no. 1 hospital in the nation and no. 1 in more specialties than any other hospital by u.s. news & world report.mayo Clinic offers both specialty and primary care in its community practices and created a population health office in 2013. It is the charge of Mayo's population health committee to transform the way community care is delivered and improve patient outcomes while reducing the overall total cost of care. Population health at Mayo coordinates existing practice models with transformational initiatives to better engage patients, keep them healthy, support patient wellness goals and help patients to better manage chronic illnesses. The practice change initiatives developed, tested and implemented through the Mayo model of community care (mmocc) are aimed at improving the quality of life for patients, reducing overall health care costs and building a sustainable practice model that truly supports the needs of community patients.through Mayo Clinic's center for clinical and translational science, Mayo Clinic collaborates with diverse community members to help community medical providers incorporate practice-based and research-based knowledge to improve overall community health outcomes and eliminate health disparities. Each year, people from all 50 states and approximately 135 countries come to Mayo Clinic for care. During 2019, Mayo Clinic provided services to approximately 413,000 outpatient visitors. Total patient visits for Mayo Clinic and its affiliates during 2019 were approximately 1.2 million. Mayo Clinic provides care to people covered by governmental programs such as medicare and medicaid, at substantial discounts from standard fees. Charity care is also provided for patients that are financially unable to pay for services provided. In 2019, the cost of uncompensated care provided through medicaid and Minnesota care (a program that provides medical assistance for low income populations) was approximately $212,234,000. This amount includes approximately $44,105,000 paid to minnesotacare. The cost of uncompensated care provided through medicare was approximately $999,066,000 and the cost of charity care provided in 2019 was approximately $28,395,000.in 2019, with system-wide revenues of $13.8 billion, Mayo Clinic and its affiliates provided $590 million in care to people in need. This total includes $96 million in charity care and $494 million in unpaid portions of medicaid and other indigent care programs for people who are uninsured or underinsured. Mayo also provided $2.2 billion in unpaid portions of medicare and other senior programs. Approximately 55 percent of Mayo's total medical services provided are for medicare and medicaid patients. Mayo Clinic and its affiliates contributed more than $7 million in cash and in-kind donations to local communities. The Mayo Clinic care network consists of independent health-care organizations that share a common goal of improving delivery of health care in their communities through high-quality, data driven and evidence based medical care. Members of the network have access to Mayo Clinic knowledge, collaboration tools, disease management protocols, clinical care guidelines, treatment recommendations, patient education materials and continuing medical education opportunities. The main goal of the network is to help people gain the benefits of Mayo Clinic expertise without having to travel to a Mayo Clinic facility. For 2019, the Mayo Clinic care network consisted of approximately 45 members located in the united states, china, egypt, india, mexico, saudi arabia, south korea, singapore and the united arab emirates. Through the Mayo Clinic care network, more than 15 million patients and care teams have access to Mayo Clinic knowledge, clinical protocols and consultations via Mayo's connected care platform.health information is viewed as an important part of Mayo Clinic's patient care mission. Mayo Clinic, in conjunction with its affiliates, provides a variety of health information resources (books, newsletter, on-line content, etc.) To patients, consumers and the general public.mayo Clinic's social media network is a network of health care organizations, hospitals and medical professionals committed to broader and deeper engagement in social media to help improve health care literacy, health care delivery and population health worldwide.mayo Clinic libraries reflect an integrated system of libraries, knowledge centers and archives. The breadth of these resources and their integration makes the Mayo Clinic libraries among the most comprehensive in north america. The libraries support hospitalized patients and their families, along with supporting employees, researchers, faculty and students in their care of patients and medical research.community giving and involvement is a value-driven priority at Mayo Clinic. Quality patient care is best advanced within a vibrant local community, with strong societal foundations, such as education, health, inclusivity, a diverse economy, supportive social services, and amenities that make rochester a desirable place to live and support social determinants of health. Mayo Clinic's community contributions program provides financial and in-kind support to non-profit organizations in support of these efforts.
Medical education (see schedule o for description)medical education:medical education, research training, continuous medical life-long learning and a committed quest for new knowledge are integral functions of Mayo Clinic. Our world-renowned educational programs inform, instruct, and empower physicians, researchers, medical professionals, patients, students and our communities to improve public health and well-being. These programs span the continuum of health care and ensure the Mayo model of care is perpetuated and shared broadly. Mayo Clinic is committed to providing useful, timely knowledge and skills that reflect its standards of excellence and its dedication to finding answers for unmet patient needs: educating the next generation of physicians, medical researchers and health professionals with transformative curricula that focuses not only on helping the patient, but also improving the health care system;sharing knowledge and innovative best practices freely in the spirit of collaboration to advance the science of medicine and the art of compassionate, patient-centered care;empowering people to manage their health through patient education and shared decision-making medical training;spreading Mayo's medical expertise, education and research findings throughout the world to improve health care for all.working collaboratively at a national level to modernize and transform medical education to address areas such as improving health care delivery, physician burn-out, population health issues, and team-based care. The educational activities of Mayo Clinic are centered in Mayo Clinic college of medicine and science's five schools: 1. Mayo Clinic school of graduate medical education is one of the nation's largest schools of graduate medical education with annual enrollment of approximately 1,790 resident and fellow physicians in training. The school trains doctors in approximately 300 residency and fellowship programs, representing virtually every medical specialty. In addition, many graduates complete Mayo Clinic quality academy training - a concerted effort to educate and prepare trainees to continuously explore ways to improve patient safety, quality care and eliminate health disparities. 2. Mayo Clinic alix school of medicine provides a four-year medical education program leading to doctor of medicine degrees and joint md/ph.d. Degrees. For 2019 the school had approximately 400 students enrolled on the rochester, Minnesota and scottsdale, Arizona campuses.the innovative and transformative curriculum of Mayo Clinic alix school of medicine focuses on educating future physician leaders in patient-centered, science-driven, team-based, high value health care. Students across all campuses are some of the first nationwide to train and first nationwide to receive a science of health care delivery certificate in addition to a medical degree. The integrated, transformative curriculum is part of an initiative to better prepare students for the challenges of delivering patient care in a complex health care environment. Additional offerings at the school include visiting medical student clerkship programs and summer minority medical student programs. The school cultivates students to continually pursue new knowledge through discovery, translation and clinical application to meet the needs of their patients.mayo Clinic alix school of medicine students participate in underserved and outreach care programs, along with primary care and community care experiential learning opportunities near their campuses and at Mayo Clinic health system sites.3. Mayo Clinic graduate school of biomedical sciences has a distinguished history of preparing students for careers as competitive, basic and biomedical research investigators. The school offers master's and doctoral degree programs focusing on seven biomedical specialties, as well as one of the first interdisciplinary programs in regenerative medical research. The school is a pioneer in expanding research training opportunities for students from backgrounds underrepresented in research, including visiting pre-doctoral and summer undergraduate research programs where diverse students have the opportunity to work with world-renowned researchers at Mayo Clinic campuses in Arizona, Florida and Minnesota. The Mayo Clinic graduate school of biomedical sciences has an annual enrollment of approximately 340 students.4. Mayo Clinic school of health sciences prepares the allied health care workforce of the future in programs ranging from a 10-month phlebotomy certificate program to a doctorate in physical therapy or nurse anesthesia. The Mayo Clinic school of health sciences has an annual enrollment of approximately 1,800 students. With campuses in Minnesota, Florida and Arizona, the school prepares students in approximately 180 programs representing approximately 55 health science careers. The school also provides clinical internships for hundreds of affiliated schools. Approximately 500 faculty members ensure every student receives extensive personalized training. 5. Mayo Clinic school of continuous professional development provides a comprehensive selection of clinical, surgical, allied health and research courses, as well as programs on health care issues, practice management and leadership, to health care professionals throughout the world. The school annually provides continuing education activities to approximately 84,000 participants. Participants include Mayo and non-mayo attendees. Mayo Clinic college of medicine and science also has initiated Mayo Clinic education platforms to develop and deliver online educational opportunities for broad distribution of continuing medical education, faculty development, student education and future patient education. Video seminars and online learning modules provide consistent knowledge delivery across multi-specialties and allow for more interactive faculty/student participation in the classroom setting. Online learning also facilitates the ability for Mayo Clinic to share and expand the latest medical knowledge and innovative learning opportunities with others outside Mayo clinic.another initiative implemented through Mayo Clinic college of medicine and science is the office of applied scholarship and education science (oases). This innovative office provides expertise and support in faculty development, education evaluation and principles and practices of education science to ensure the highest quality of education delivery within each of the schools within the college. The college has also implemented an academy of educational excellence to develop and recognize educators to better prepare learners to advance science, meet patients' needs and serve as transformative leaders in health care.as part of its medical education mission, Mayo Clinic sponsors Mayo Clinic proceedings, a monthly journal for physicians and other medical personnel. The journal is published to promote the best interests of patients by advancing the knowledge and professionalism of the physician community. Mayo Clinic proceedings is a peer-reviewed clinical journal in general and internal medicine and among the most widely read and highly cited scientific publications for physicians. Mayo Clinic proceedings has a circulation of approximately 127,000 and has been continuously published since 1926. Mayo Clinic proceedings' content focuses on clinical and laboratory medicine, health care policy and economics, medical education and ethics, and related topics. All of these educational efforts to discover, deliver, expand and share medical knowledge promote Mayo's Clinic's ability to perpetuate the highest quality and safety in patient care.
Medical research (see schedule o for description)medical research:mayo Clinic is one of the premier medical research organizations in the world. Innovation and improvement of science and the delivery of health care are enhanced through Mayo Clinic's research programs. Clinical practice observations become the basis for research studies and the findings from research flow back into the practice to improve patient care and outcomes. Physician/researchers and career scientists' work in tandem to advance medicine and to improve the health and wellbeing of not just Mayo Clinic patients, but also the public at large, as these findings are disseminated worldwide.research at Mayo Clinic involves medical professionals committed to searching for answers to complex medical problems with the goal of bringing new solutions and advanced care rapidly to patients throughout the world. Research activities include basic science research, clinical trials, translational research and human research studies. During 2019, Mayo Clinic, in conjunction with its affiliates, had over 4,200 research personnel, 23 core laboratories, over 11,600 active institutional review board-approved studies, over 3,100 new human research studies approved by the institutional review board and more than 8,700 research and review articles published in peer-reviewed journals. Many of these personnel, laboratories, studies and articles are located or performed by Mayo Clinic in rochester, Minnesota. Funding of research activities at Mayo Clinic comes from grants and contracts as well as from Mayo funds and gifts from generous benefactors.

Grants made by Mayo Clinic

GranteeGrant descriptionAmount
Mayo Clinic ArizonaSupport Charitable Programs$205,210,473
Mayo Clinic JacksonvilleSupport Charitable Programs$152,161,560
Mayo Clinic Florida (MCF)Support Charitable Programs$43,780,938
...and 209 more grants made totalling $433,015,211

Who funds Mayo Clinic

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mayo Clinic Group ReturnSupport Charitable Programs$1,207,576,299
Anna Maria and Stephen Kellen FoundationGeneral Tax Exempt Purposes$19,068,571
Schwab Charitable FundHealth$9,229,416
...and 581 more grants received totalling $1,323,427,392
Federal funding details
Federal agencyProgram nameAmount
Department of Health and Human ServicesTRANS-NIH RESEARCH SUPPORT$26,070,386
Department of EducationFEDERAL DIRECT STUDENT LOANS$11,518,909
Department of Health and Human ServicesNATIONAL CENTER FOR ADVANCING TRANSLATIONAL SCIENCES$10,596,703
...and 997 more federal grants / contracts

Personnel at Mayo Clinic

NameTitleCompensation
Dennis E DahlenChief Financial Officer
Ethridge DarlenePresident
Black John LFormer Key Employee$382,597
Roger Veronique LTrustee$732,390
Brown William AAssistant Treasurer$0
...and 4 more key personnel

Financials for Mayo Clinic

RevenuesFYE 12/2019
Total grants, contributions, etc.$2,194,234,892
Program services$4,015,535,000
Investment income and dividends$229,857,978
Tax-exempt bond proceeds$1,219,751
Royalty revenue$27,774,261
Net rental income$-238,564
Net gain from sale of non-inventory assets$292,674,152
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$73,152
Miscellaneous revenues$58,292,299
Total revenues$6,819,422,921

Form 990s for Mayo Clinic

Fiscal year endingDate received by IRSFormPDF link
2019-122021-04-05990View PDF
2018-122020-01-21990View PDF
2017-122019-03-15990View PDF
2016-122018-03-14990View PDF
2015-122017-03-07990View PDF
...and 6 more Form 990s

Organizations like Mayo Clinic

OrganizationLocationRevenue
Johns Hopkins University (JHU)Baltimore, MD$7,505,891,000
University of RochesterRochester, NY$4,135,942,762
Rush University Medical CenterChicago, IL$2,129,968,938
Duke UniversityDurham, NC$3,194,489,301
Harvard UniversityCambridge, MA$7,350,273,474
Yale UniversityNew Haven, CT$5,595,177,145
Massachusetts Institute of Technology (MIT)Cambridge, MA$4,804,195,000
University of Pennsylvania (Penn)Philadelphia, PA$7,624,539,000
Columbia UniversityNew York, NY$5,943,395,882
Icahn School of Medicine at Mount SinaiNew York, NY$3,190,991,246
Data update history
December 1, 2022
Posted financials
Added Form 990N for fiscal year 2021
December 1, 2022
Updated personnel
Identified 1 new personnel
October 3, 2022
Updated personnel
Identified 5 new personnel
August 3, 2022
Received grants
Identified 140 new grant, including a grant for $4,420,000 from Centene Charitable Foundation
October 3, 2021
Received grants
Identified 237 new grant, including a grant for $1,207,576,299 from Mayo Clinic Group Return
Nonprofit Types
SchoolsHigher ed institutionsHospitalsHealth organizationsHeadquarter / parent organizations
Issues
HealthEducation
Characteristics
Political advocacyOperates donor advised fundsConducts researchLobbyingOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
200 First St SW No Tax
Rochester, MN 55905
Metro area
Rochester, MN
County
Olmsted County, MN
Website URL
mayoclinic.org/ 
Phone
(507) 284-2511
Facebook page
MayoClinic 
Twitter profile
@mayoclinic 
IRS details
EIN
41-6011702
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1919
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E21: Community Health Systems
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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