Mayo Clinic Group Return was a medical practice research organization based in Rochester, MN that was founded in 2014. As of 2019 they had $11 billion in revenue and $11 billion in assets.
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. Patient care, medical research and medical education. Patient care, medical research and...
Mayo Clinic Group Return makes grants to other organizations, such as $1,057,217,450 to Mayo Clinic for "Support Charitable Programs"; $48,378,917 to Mayo Clinic Health System-Franciscan Healthcare for "Support Charitable Programs"; $21,368,119 to Mayo Clinic Health System-Franciscan Medical Center for "Support Charitable Programs"; $2,000,160 to Mayo Clinic Hospital-Rochester for "Support Charitable Programs"; and $918,595 to Sanford Burnham Prebys Medical Discovery Institute for "Support Charitable Programs".
Previous legal names or variations of their name include: Group Return.
Mayo Clinic Group Return appears to no longer be active. It has probably been dissolved or terminated.
EIN:
38-3952644
City:
State:
Website:
Founded:
2014
Type:
501(c)(3)
NTEE:
Revenue:
$11,182,496,672
Assets:
$11,732,419,125
Employees:
51,740
Fiscal year end:
December
Form 990s for Mayo Clinic Group Return
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Jan 14, 2020 | 990 | View PDF |
| 2017-12 | Dec 22, 2018 | 990 | View PDF |
| 2016-12 | Dec 18, 2017 | 990 | View PDF |
| 2014-12 | Nov 10, 2015 | 990 | View PDF |
Financials for Mayo Clinic Group Return
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $35,091 | $15,000 | 133.9% |
| Membership dues | $4,270 | $6,263 | -31.8% |
| Fundraising event contributions | $39,800 | $48,716 | -18.3% |
| Related organizations | $374,178,342 | $1,062,363,415 | -64.8% |
| Government grants (contributions) | $72,020,440 | $61,452,536 | 17.2% |
| Normal grants, contributions, etc. | $38,095,139 | $34,936,920 | 9.0% |
| <em>Non-cash contributions included in above</em> | $0 | $52,480 | -100% |
| Total grants, contributions, etc. | $484,373,082 | $1,158,822,850 | -58.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $484,373,082 | $1,158,822,850 | -58.2% |
| Program services | $10,553,710,304 | $9,724,836,204 | 8.5% |
| Investment income and dividends | $95,892,410 | $117,762,714 | -18.6% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $4,691,665 | $3,428,652 | 36.8% |
| Net gain from sale of non-inventory assets | $-2,257,810 | $768,317 | -393.9% |
| Net income from fundraising events | $32,655 | $-29,589 | 210.4% |
| Net income from gaming activities | $0 | $663 | -100% |
| Net income from sales of inventory | $3,799,089 | $3,571,864 | 6.4% |
| Miscellaneous revenues | $42,255,277 | $45,281,390 | -6.7% |
| Total revenues | $11,182,496,672 | $11,054,443,065 | 1.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $1,342,177,536 | $1,464,808,043 | -8.4% |
| Grants to individuals in USA | $1,947,327 | $1,975,510 | -1.4% |
| Grants to govts., orgs., and individuals outside USA | $102,414 | $131,068 | -21.9% |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $79,872,933 | $82,715,184 | -3.4% |
| Compensation not included above, to disqualified persons | $38,666,735 | $48,216,122 | -19.8% |
| Non-officer salaries and wages | $3,262,408,407 | $3,110,170,200 | 4.9% |
| Pension/retirement accruals and contributions | $254,677,625 | $225,567,437 | 12.9% |
| Other employee benefits | $459,950,794 | $487,876,484 | -5.7% |
| Payroll taxes | $233,537,493 | $226,456,172 | 3.1% |
| Management fees | $0 | $0 | |
| Legal fees | $7,972,335 | $8,040,222 | -0.8% |
| Accounting fees | $2,576,466 | $2,364,093 | 9.0% |
| Lobbying fees | $1,787,237 | $1,817,383 | -1.7% |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $40,489 | $40,485 | 0.0% |
| Other fee-for-service | $2,366,271,353 | $2,146,628,306 | 10.2% |
| Advertising and promotion | $14,643,019 | $12,657,946 | 15.7% |
| Office expenses | $550,156,942 | $529,183,806 | 4.0% |
| Information tech. expenses | $186,071,605 | $180,374,674 | 3.2% |
| Royalty expenses | $24,574,735 | $17,330,994 | 41.8% |
| Occupancy | $126,618,696 | $113,304,442 | 11.8% |
| Travel | $45,359,174 | $43,003,069 | 5.5% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $2,754,472 | $3,377,889 | -18.5% |
| Interest | $16,879,138 | $9,610,095 | 75.6% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $377,080,678 | $362,412,145 | 4.0% |
| Insurance | $19,043,616 | $17,962,930 | 6.0% |
| All other expenses | $1,492,085,769 | $1,364,729,473 | 9.3% |
| Total expenses | $10,907,256,988 | $10,460,754,172 | 4.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $446,855,279 | $576,047,758 | -22.4% |
| Savings, short-term investments, etc. | $2,399,508 | $2,484,603 | -3.4% |
| Pledges and grants receivable | $150,194,534 | $122,856,651 | 22.3% |
| Accounts receivable | $1,528,402,538 | $1,454,334,086 | 5.1% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $259,982,436 | $264,315,055 | -1.6% |
| Inventories for use | $120,895,452 | $111,812,905 | 8.1% |
| Prepaid expenses and deferred charges | $54,575,279 | $52,331,870 | 4.3% |
| Buildings, equipment, etc. post-depreciation | $3,201,590,517 | $3,052,955,023 | 4.9% |
| Investments, publicly traded securities | $214,630,337 | $205,455,555 | 4.5% |
| Investments, other securities | $2,016,903,776 | $1,868,929,565 | 7.9% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $405,038 | $253,818 | 59.6% |
| Other assets | $3,735,584,431 | $3,093,511,223 | 20.8% |
| Total assets | $11,732,419,125 | $10,805,288,112 | 8.6% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $1,676,944,743 | $1,613,460,235 | 3.9% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $35,434,842 | $37,453,586 | -5.4% |
| Tax-exempt bond liabilities | $366,622,891 | $370,411,048 | -1.0% |
| Escrow or custodial account liability | $31,531,417 | $30,422,207 | 3.6% |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $13,084,282 | $13,579,972 | -3.7% |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $3,070,433,787 | $2,425,309,227 | 26.6% |
| Total liabilities | $5,194,051,962 | $4,490,636,275 | 15.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $5,961,612,047 | $5,760,371,220 | 3.5% |
| Temporarily restricted net assets | $293,195,406 | $296,801,922 | -1.2% |
| Permanently restricted net assets | $283,559,710 | $257,478,695 | 10.1% |
Vendors for Mayo Clinic Group Return
| Vendor | Services | Amount paid | Date |
|---|
| Deloitte Tax LLP | Consulting Services | $33,852,256 | 2017-12-01 |
| ███████ ████████████ ██ ███ | Construction Services | $24,011,708 | 2017-12-01 |
| ████ ██████ | Medical and Support Services | $105,826,855 | 2017-12-01 |
| ████████ ██████████ ███████████ | Food Services | $45,054,783 | 2017-12-01 |
| █████████████ ███ | Workforce Support Services | $101,017,702 | 2017-12-01 |
Peer medical discipline research centers
| | Name | Type | Revenue | Location |
|---|
| 1 | Cedars Sinai | 501(c)(3) | $3.8 billion | Los Angeles, CA |
| 2 | Allina Health | 501(c)(3) | $4.5 billion | Minneapolis, MN |
| 3 | Fairview Health Service | 501(c)(3) | $3.8 billion | Minneapolis, MN |
| 4 | Henry Ford Health System (HFHS) | 501(c)(3) | $3.1 billion | Detroit, MI |
| 5 | Memorial Sloan Kettering Cancer Center (MSKCC) | 501(c)(3) | $4.4 billion | New York, NY |
| 6 | Cleveland Clinic | 501(c)(3) | $10 billion | Independence, OH |
| 7 | Franciscan Alliance | 501(c)(3) | $3.1 billion | Mishawaka, IN |
| 8 | Duke University Health System | 501(c)(3) | $3.5 billion | Durham, NC |
| 9 | Providence Health and Services - Washington | 501(c)(3) | $7.0 billion | Renton, WA |
| 10 | Northwestern Memorial Hospital (NMH) | 501(c)(3) | $5.5 billion | Chicago, IL |
| 11 | NewYork Presbyterian Hospital (NYP) | 501(c)(3) | $6.3 billion | New York, NY |
| 12 | Partners HealthCare | 501(c)(3) | $13 billion | Somerville, MA |
| 13 | Scripps Health | 501(c)(3) | $3.1 billion | San Diego, CA |
| 14 | Dignity Health | 501(c)(3) | $11 billion | San Francisco, CA |
| 15 | Nyu Langone Hospitals | 501(c)(3) | $4.3 billion | New York, NY |
| 16 | Hackensack Meridian Health Inc-Subordinates (HMH) | 501(c)(3) | $5.0 billion | Neptune, NJ |
| 17 | Mercy Health | 501(c)(3) | $4.5 billion | Cincinnati, OH |
| 18 | Montefiore Medical Center | 501(c)(3) | $3.7 billion | Bronx, NY |
| 19 | Advocate Health and Hospitals Corporation | 501(c)(3) | $5.5 billion | Downers Grove, IL |
| 20 | OhioHealth | 501(c)(3) | $3.2 billion | Columbus, OH |
| 21 | Spectrum Health | 501(c)(3) | $3.2 billion | Grand Rapids, MI |
| 22 | Long Island Jewish Medical Center (LIJMC) | 501(c)(3) | $3.1 billion | Westbury, NY |
| 23 | Aurora Health Care Inc Group Return | 501(c)(3) | $4.7 billion | Milwaukee, WI |
| 24 | Adventist Health SystemSunbelt | 501(c)(3) | $4.4 billion | Altamonte Springs, FL |
| 25 | Stanford Health Care | 501(c)(3) | $4.5 billion | Stanford, CA |