Mayo Clinic, Mayo Clinic Hospital Rochester in Rochester, Minnesota (MN)

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Mayo Clinic, Mayo Clinic Hospital Rochester
Employer Identification Number (EIN)410944601
Name of OrganizationMayo Clinic
Secondary NameMayo Clinic Hospital Rochester
Address200 First Street Sw, Rochester, MN 55905-0001
ActivitiesChurch, synagogue, etc, School, college, trade school, etc., Hospital
SubsectionEducational Organization, Scientific Organization
Ruling Date03/2014
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,405,809,033
Amount of Income$989,100,186
Form 990 Revenue Amount$988,054,043
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2013: $989,100,186
This organization: 

 $989,100,186
Other organizations performing similar types of work: 

 $6,791,313

Assets in 2013: $1,405,809,033
Mayo Clinic, Mayo Clinic Hospital Rochester: 

 $1,405,809,033
Other organizations performing similar types of work: 

 $5,000,000

Expenses in 2013: $832,206,311
This organization: 

 $832,206,311
Other organizations performing similar types of work: 

 $5,603,496

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 85.2%
This organization: 

 85.2%
Other organizations performing similar types of work: 

 86.4%

Number of employees in 2013: 7,018
Mayo Clinic, Mayo Clinic Hospital Rochester: 

 7,018
Other organizations performing similar types of work: 

 83

Employees paid over $100,000 in 2013: 4.6%
Mayo Clinic, Mayo Clinic Hospital Rochester: 

 4.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 0.5%
This organization: 

 0.5%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109600
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return7,1977,018
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,365,579$1,774,164
Total reportable compensation from related organizations$13,884,364$12,236,900
Total estimated amount of other compensation from the organization and related organizations$1,517,058$1,266,078
Total number of individuals who received more than $100,000 of reportable compensation from the organization339323
Total number of independent contractors who received more than $100,000 of compensation from the organization11
Statement of Revenue
201120122013
Total revenue$897,852,656$943,075,200$988,054,043
Contributions, Gifts, Grants and Other Similar Amounts$3,391,987$4,506,359$5,317,969
Program Service Revenue$888,568,304$933,495,060$975,075,683
620000$926,632,443$968,277,422
Lessors of Nonresidential Buildings (except Miniwarehouses) $5,526,255$5,221,479
611600$602,111$1,273,763
621990$457,533$262,376
561000$276,718$40,643
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,540,251$255,791$2,519,433
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$134,589$133,833$135,004
Gross rents (Real / Personal)$134,589 / $0$133,833 / $0$135,004 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$134,589 / $0$133,833 / $0$135,004 / $0
Net gain/loss from sales of assets other than inventory$-637,291$-380,511$-123,734
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $2,268$0 / $2,431$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $639,559$0 / $382,942$0 / $123,734
Gain or (loss) (Securities / Other)$0 / $-637,291$0 / $-380,511$0 / $-123,734
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$-14,228$-94,268$-56,214
Gross sales of inventory, less returns and allowances$939,661$790,408$866,195
Less: cost of goods sold$953,889$884,676$922,409
Miscellaneous Revenue$4,869,044$5,158,936$5,185,902
722210$4,986,867$5,089,609
900099$172,069$96,293
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$800,428,612$834,696,995$832,206,311
Grants and other assistance to domestic organizations and domestic governments$21,186$36,731
Grants and other assistance to domestic individuals$37,472$100,955
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$524,396$555,273$1,027,824
Compensation not included above, to disqualified persons$1,521$1,776
Other salaries and wages$300,746,558$320,383,124$312,353,943
Pension plan accruals and contributions$22,900,836$20,127,228
Other employee benefits$64,802,239$70,776,477
Payroll taxes$24,759,416$26,272,226$25,760,462
Fees for services (non-employees)
Management$40,637$43,813
Legal$1,055,930$140
Accounting$0$4,000
Lobbying$0$25,148
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$160,522,186$162,709,950
Advertising and promotion$42,142$18,727
Office expenses$29,510,847$26,627,247
Information technology$727,262$666,029
Royalties$12,000$3,072
Occupancy$9,179,545$10,339,426
Travel$1,246,692$691,473
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$299,588$302,135
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$32,250,793$31,390,010
Insurance$16,252$0
Other expenses$134,369,469$136,608,698
Other expenses$10,920,797$11,253,383
Other expenses$9,511,008$10,879,426
Other expenses$8,526,249$9,361,908
Other expenses$1,491,721$1,096,330
Balance Sheet
201120122013
Total assets$649,597,613$717,494,978$1,405,809,033
Cash - non-interest-bearing$37,835$55,476
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$0$0
Accounts receivable, net$226,858,105$385,398,832
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$6,274,762$11,118,401
Prepaid expenses and deferred charges$906,310$2,419,491
Land, buildings, and equipment: cost or other basis$259,515,780$443,580,524
Investments - publicly traded securities$0$0
Investments - other securities$25,521,741$39,045,822
Investments - program-related$0$0
Intangible assets$0$0
Other assets$198,380,445$524,190,487
Total liabilities$211,767,294$210,936,174$333,097,303
Accounts payable and accrued expenses$55,718,254$49,685,516
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$155,217,920$283,411,787
Total net assets or fund balances$437,830,319$506,558,804$1,072,711,730
Unrestricted net assets$501,417,069$1,066,177,731
Temporarily restricted net assets$2,784,217$3,613,782
Permanently restricted net assets$2,357,518$2,920,217
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$436,131,021$437,785,161$496,046,828$543,364,392$576,405,257$624,635,421$631,395,187$999,664,093
Contributions, gifts, grants, and similar amounts received$5,147,214$6,373,359$8,066,438$8,944,745$7,386,958$8,054,125$9,176,742$322,731,173
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$1,516,756$1,437,806$1,473,058$1,272,581$1,474,084$1,438,817$1,287,419$314,859,605
Government contributions (grants)$3,630,458$4,935,553$6,593,380$7,672,164$5,912,874$6,615,308$7,889,323$7,871,568
Program service revenue including government fees and contracts$415,878,032$429,189,953$481,806,624$532,790,901$567,290,658$615,493,266$616,989,696$670,350,618
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$13,939,819$1,491,926$5,969,247$953,278$1,329,702$434,602$0$0
Net rental income or (loss)$136,166$136,698$125,261$142,341$69,444$141,053$122,114$343,354
Gross rents$136,166$136,698$125,261$142,341$69,444$141,053$122,114$6,561,291
Less: rental expenses$0$0$0$0$0$0$0$6,217,937
Other investment income$0$0$0$0$0$0$2,510,100$2,461,114
Gain or (loss) from sales of assets other than inventory$-100,679$-151,359$-656,248$61,261$4,151$86,492$-968,161$-500,081
Gross amount from sales of assets other than inventory$35,127,212$16,275,113$45,045,088$4,476,115$401,236$13,223,252$23,300$157,926
Less: cost or other basis and sales expenses$35,227,891$16,426,472$45,701,336$4,414,854$397,085$13,136,760$991,461$658,007
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$853,780$517,863$430,038$357,465$303,310$418,073$25,073$-20,666
Gross sales of inventory, less returns and allowances$3,643,870$3,535,831$2,319,813$2,231,350$2,248,397$4,277,912$807,050$849,205
Less: cost of goods sold$2,790,090$3,017,968$1,889,775$1,873,885$1,945,087$3,859,839$781,977$869,871
Other revenue$276,689$226,721$305,468$114,401$21,034$7,810$3,539,623$4,298,581
Total expenses$452,484,144$490,368,128$541,232,879$566,328,213$572,244,688$614,742,508$602,892,481$647,686,524
Program services$445,639,162$486,079,659$538,608,952$550,322,033$566,869,118$608,177,087$537,439,337$552,056,289
Management and general$6,844,982$4,288,469$2,623,927$16,006,180$5,375,570$6,565,421$65,453,144$95,630,235
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$199,546,921$144,093,760$95,125,732$72,654,343$65,886,308$75,866,627$87,383,092$438,595,469
Excess or (deficit) for the year$-16,353,123$-52,582,967$-45,186,051$-22,963,821$4,160,569$9,892,913$28,502,706$351,977,569
Net assets or fund balances at beginning of year$220,398,135$199,546,921$144,093,760$95,125,732$72,654,343$65,886,308$75,866,627$87,383,092
Other changes in net assets or fund balances$-4,498,091$-2,870,194$-3,781,977$492,432$-10,928,604$87,406$-16,986,241$-765,192
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$647,686,524$552,056,289$95,630,235$0
Grants paid from donor advised funds$0
Other grants and allocations$19,644
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$204,508$0$204,508$0
Salaries and wages of employees not included above$283,037,680$281,606,988$1,430,692$0
Pension plan contributions not included above$21,000,507$20,882,894$117,613$0
Employee benefits not included above$28,154,653$27,577,498$577,155$0
Payroll taxes$19,441,492$19,332,620$108,872$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$2,734$2,734$0$0
Supplies$121,438,202$121,295,388$142,814$0
Telephone$60,731$56,546$4,185$0
Postage and shipping$4,500,402$4,500,402$0$0
Occupancy$19,137,553$18,831,384$306,169$0
Equipment rental and maintenance$5,163,919$5,139,199$24,720$0
Printing and publications$299,739$280,275$19,464$0
Travel$1,341,971$1,306,557$35,414$0
Conferences, conventions, and meetings$253,001$253,001$0$0
Interest$4,257,164$45,638$4,211,526$0
Depreciation, depletion, etc.$22,614,320$22,573,526$40,794$0
Other expenses not covered above$116,758,304$28,351,995$88,406,309$0
Balance Sheets
20002001200220032004200520062007
Total assets$677,664,981$666,870,721$486,257,290$505,143,547$488,790,274$473,542,534$496,601,932$690,144,377
Cash - non-interest-bearing$18,760$19,760$22,760$22,760$21,990$22,189$31,436$30,814
Savings and temporary cash investments$79,004$15,228$98,535$133,243$126,798$0$0$0
Accounts receivable less allowance for doubtful accounts$130,145,488$131,715,834$104,720,239$133,246,225$134,479,650$139,464,246$158,098,761$189,883,741
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$1,046,248$607,354$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$2,386,810$2,796,976$2,273,351$2,239,641$2,140,949$2,444,022$4,762,314$5,013,019
Prepaid expenses and deferred charges$812,855$0$0$231,888$0$516,203$4,717,126$4,069,199
Investments - publicly-traded securities$0$0
Investments - other securities$237,781,581$234,158,692$89,067,359$88,491,370$79,404,802$58,480,405$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$50,023,665$42,792,774
Land, buildings, and equipment less accumulated depreciation$303,702,790$295,596,419$289,475,107$280,215,134$272,089,452$272,125,489$278,499,189$277,320,883
Other assets, including program-related investments$1,691,445$1,960,458$599,939$563,286$526,633$489,980$469,441$171,033,947
Total liabilities$478,118,060$522,776,961$391,131,558$432,489,204$422,903,966$397,675,907$409,218,840$251,548,908
Accounts payable and accrued expenses$13,604,615$12,715,432$13,302,404$14,656,127$18,439,298$17,079,764$17,991,879$23,801,264
Grants payable$0$0$0$0$0$100$0$0
Deferred revenue$0$0$0$152,929$26,628$26,628$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$236,107,193$236,232,108$94,700,800$94,901,663$94,940,719$94,979,774$99,099,848$86,863,984
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$228,406,252$273,829,421$283,128,354$322,778,485$309,497,321$285,589,641$292,127,113$140,883,660
Total liabilities and net assets/fund balances$677,664,981$666,870,721$486,257,290$505,143,547$488,790,274$473,542,534$496,601,932$690,144,377
Total net assets or fund balances$199,546,921$144,093,760$95,125,732$72,654,343$65,886,308$75,866,627$87,383,092$438,595,469
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20066,378
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$6,401,705$670,531,215
Program service revenue
Program service revenue 1000000$000$0$435,701,220
Program service revenue 2000000$000$0$927,246
Program service revenue 3000000$000$0$310,871
Program service revenue 4000000$000$0$2,884
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$233,408,397
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$343,354$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,461,114$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-500,081$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$-20,666$0
Other revenue000000$099$4,117,984$180,597
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$225,544$65,133$0
$157,716$46,792$0
$154,120$42,434$0
$156,428$30,072$0
$146,880$39,425$0
Total number of other employees paid over $50,0002,505
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mayo Clinic200 1st St Sw, Rochester, MN 55905-0001MN1947-01$6,024,621,187
2Mayo Clinic, Mayo Fndn For Medical Ed & Research200 First Street Sw, Rochester, MN 55905-0001MN2014-03$1,069,644,456
3Mayo Clinic, Mayo Clinic Hospital Rochester200 First Street Sw, Rochester, MN 55905-0001MN2014-03$989,100,186
4Mayo Clinic, Mayo Clinic Health System-Mankato1025 Marsh St, Mankato, MN 56001-4752MN2014-03$320,182,073
5Mayo Clinic, Mayo Clinc Hs Albert Lea And Austin1000 1st Dr Nw, Austin, MN 55912-2941MN2014-03$278,727,003
6Mayo Clinic, Mayo Clinic Health System Red WingPO BOX 95, Red Wing, MN 55066-0095MN2014-03$99,279,658
7Mayo Clinic, Mayo Clinic Health System-Fairmont800 Medical Center Dr, Fairmont, MN 56031-4575MN2014-03$82,393,676
8Sanford, Sanford Med Cntr Thief River Falls3001 Sanford Pkwy, Thief Rvr Fls, MN 56701-2700MN2011-04$68,971,183
9Glencoe Regional Health Services1805 Hennepin Ave N, Glencoe, MN 55336-1416MN2000-08$54,982,418
10Mayo Clinic Health System New Prague301 2nd St Ne, New Prague, MN 56071-1709MN2014-03$37,009,750
11Centracare Health System-Long Prairie, Long Prairie Hospital & Nursing Hom20 9th St Se, Long Prairie, MN 56347-1404MN1999-07$26,008,072
12Mayo Clinic, Charterhouse Inc200 First Street Sw, Rochester, MN 55905-0001MN2014-03$23,816,488
13Mayo Clinic, Mayo Clinic Health System-Waseca501 State St N, Waseca, MN 56093-2811MN2014-03$21,708,752
14Mayo Clinic, Gold Cross Ambulance Service200 First Street Sw, Rochester, MN 55905-0001MN2014-03$43,034,103
15Mayo Clinic, Mayo Clinic Health System-Lake City500 W Grant St, Lake City, MN 55041-1143MN2014-03$40,805,806
16Mayo Clinic, Mayo Clinic Hlth Sys-Cannon Falls32021 County 24 Blvd, Cannon Falls, MN 55009-5003MN2014-03$26,795,002
17Farmington Health Services3410 213th St W, Farmington, MN 55024-1167MN2003-12$7,940,376
18Chisholm Health Center801 Nevada Ave Ste 100, Morris, MN 56267-1874MN1997-11$5,907,249
19Pennington Health Services, Theif River Center801 Nevada Ave Ste 100, Morris, MN 56267-1874MN2007-06$5,593,484
20Mayo Clinic, Poverello Foundation200 First Street Sw, Rochester, MN 55905-0001MN2014-03$5,309,583
Number of organizations performing similar types of work
Alabama6
Arkansas5
Arizona2
California34
Colorado11
Connecticut6
District of Columbia3
Delaware2
Florida20
Georgia23
Hawaii9
Iowa2
Idaho5
Illinois23
Indiana10
Kansas8
Kentucky8
Louisiana5
Massachusetts67
Maryland7
Maine6
Michigan36
Minnesota39
Missouri15
Mississippi4
Montana3
North Carolina27
North Dakota14
Nebraska4
New Hampshire3
New Jersey33
New Mexico3
Nevada2
New York45
Ohio26
Oklahoma7
Oregon6
Pennsylvania46
Rhode Island5
South Carolina2
South Dakota10
Tennessee7
Texas62
Utah3
Virginia29
Vermont2
Washington8
Wisconsin25
West Virginia8
Wyoming1
International1
Total738
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralMayo Clinic200 1st St Sw, Rochester, MN 55905-0001MN1947-01$6,024,621,187
SubordinateMayo Clinic, Mayo Clinic Arizona13400 East Shea Blvd, Scottsdale, AZ 85259-5452AZ2014-03$1,085,283,526
SubordinateMayo Clinic, Mayo Fndn For Medical Ed & Research200 First Street Sw, Rochester, MN 55905-0001MN2014-03$1,069,644,456
SubordinateMayo Clinic, Mayo Clinic Hospital Rochester200 First Street Sw, Rochester, MN 55905-0001MN2014-03$989,100,186
SubordinateMayo Clinic, Mayo Clinic Jacksonville4500 San Pablo Rd S, Jacksonville, FL 32224-1865FL2014-03$658,836,924
SubordinateMayo Clinic, Mayo Clinic Florida4500 San Pablo Rd S, Jacksonville, FL 32224-1865FL2014-03$456,988,382
SubordinateMayo Clinic, Franciscan Medical Center Inc700 West Ave S, La Crosse, WI 54601-4783WI2014-03$432,562,031
SubordinateMayo Clinic, Mayo Clinic Health System-Mankato1025 Marsh St, Mankato, MN 56001-4752MN2014-03$320,182,073
SubordinateMayo Clinic, Eau Claire Hospital Inc1221 Whipple St, Eau Claire, WI 54703-5270WI2014-03$308,150,309
SubordinateMayo Clinic, Mayo Clinc Hs Albert Lea And Austin1000 1st Dr Nw, Austin, MN 55912-2941MN2014-03$278,727,003
SubordinateMayo Clinic, Eau Claire Clinic Inc733 W Clairemont Ave, Eau Claire, WI 54701-6101WI2014-03$224,698,736
SubordinateMayo Clinic, Mayo Clinic Health System Waycross1900 Tebeau St, Waycross, GA 31501-6357GA2014-03$163,145,334
SubordinateMayo Clinic, Mayo Clinic Health System Red WingPO BOX 95, Red Wing, MN 55066-0095MN2014-03$99,279,658
SubordinateMayo Clinic, Red Cedar Inc2321 Stout Rd, Menomonie, WI 54751-7003WI2014-03$95,544,342
SubordinateMayo Clinic, Mayo Clinic Health System-Fairmont800 Medical Center Dr, Fairmont, MN 56031-4575MN2014-03$82,393,676
SubordinateMayo Clinic, Northland Inc1222 E Woodland Ave, Barron, WI 54812-1798WI2014-03$60,574,410
SubordinateMayo Clinic Health System New Prague301 2nd St Ne, New Prague, MN 56071-1709MN2014-03$37,009,750
SubordinateMayo Clinic, Mayo Clinic Health System-Oakridge13025 8th St, Osseo, WI 54758-7634WI2014-03$27,656,051
SubordinateMayo Clinic, Charterhouse Inc200 First Street Sw, Rochester, MN 55905-0001MN2014-03$23,816,488
SubordinateMayo Clinic, Mayo Clinic Health System-Waseca501 State St N, Waseca, MN 56093-2811MN2014-03$21,708,752
Number of affiliated organizations
Arizona1
Florida2
Georgia1
Minnesota16
Wisconsin14
Total34

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