Form 990 for tax year 2023

Filed by MAYO CLINIC.

Totals

Total revenue: $7,424,970,925
Total expenses: $6,179,398,335
Contributions and grants received: $3,328,764,626
Grants paid: $937,924,597
Program service revenue: $3,356,722,496
Investment income: $649,564,702
Other revenue: $89,919,101
Total assets, end of year: $23,339,620,165
Total liabilities, end of year: $9,955,393,531
Net assets or fund balances, end of year: $13,384,226,634
Program services expenses (Part IX): $5,793,072,088
Management and general expenses: $336,874,292
Fundraising expenses: $49,451,955
Program service expenses (Part III): $5,793,072,088

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$25,446
1d · Related organizations

$2,230,798,990
1e · Government grants (contributions)

$339,299,448
1f · All other contributions, gifts and grants

$758,640,742
1g · Noncash contributions included above

$68,686,368
2a · Program service revenue: NET PATIENT CARE

total $3,282,830,352 · related or exempt $2,811,778,127 · unrelated business $471,052,225
2b · Program service revenue: EDUCATION

total $67,691,094 · related or exempt $67,691,094
2c · Program service revenue: RESEARCH

total $6,201,050 · related or exempt $2,014,146 · unrelated business $4,186,904
3 · Investment income

total $366,315,677 · unrelated business $1,485,583 · excluded $364,830,094
4 · Income from investment of tax-exempt bond proceeds

total $1,884,587 · excluded $1,884,587
5 · Royalties

total $1,904,422 · related or exempt $1,904,422
6a · Gross rents

real property $5,840,342
6b · Less rental expenses

real property $4,517,319
6c · Rental income or loss

real property $1,323,023
6d · Net rental income or loss

total $1,323,023 · excluded $1,323,023
7a · Gross sales of assets other than inventory

securities $10,582,501,894 · other assets $6,027,272
7b · Less cost or other basis and sales expenses

securities $10,301,309,141 · other assets $5,855,587
7c · Gain or loss

securities $281,192,753 · other assets $171,685
7d · Net gain or loss

total $281,364,438 · excluded $281,364,438
10a · Gross sales of inventory

$413,233
10b · Cost of goods sold

$317,120
10c · Net income from sales of inventory

total $96,113 · unrelated business $96,113
11a · Other revenue: NET SHARED SERVICES

total $58,978,109 · related or exempt $58,978,109
11b · Other revenue: MISC. REVENUE

total $8,639,645 · related or exempt $5,943,800 · excluded $2,695,845
11c · Other revenue: MISC. CONSULTING

total $6,690,188 · related or exempt $824,985 · unrelated business $5,783,703 · excluded $81,500
11d · All other revenue

total $12,287,601 · related or exempt $7,447,199 · excluded $4,840,402
11e · Other revenue, total

$86,595,543

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $903,222,488 · program services $903,222,488
2 · Grants to domestic individuals

total $31,964,586 · program services $31,964,586
3 · Grants to foreign organizations and individuals

total $2,737,523 · program services $2,737,523
5 · Compensation of officers, directors and key employees

total $19,794,836 · program services $15,887,241 · management and general $2,523,394 · fundraising $1,384,201
6 · Compensation of disqualified persons

total $11,936,243 · program services $10,891,730 · management and general $948,552 · fundraising $95,961
7 · Other salaries and wages

total $2,716,487,843 · program services $2,599,505,547 · management and general $91,247,827 · fundraising $25,734,469
8 · Pension plan contributions

total $161,951,149 · program services $153,808,694 · management and general $6,116,158 · fundraising $2,026,297
9 · Other employee benefits

total $513,291,579 · program services $492,787,357 · management and general $16,607,961 · fundraising $3,896,261
10 · Payroll taxes

total $177,220,514 · program services $168,993,332 · management and general $6,404,497 · fundraising $1,822,685
11b · Fees: legal

total $745,810 · program services $382,667 · management and general $162,331 · fundraising $200,812
11c · Fees: accounting

total $2,089,800 · management and general $2,089,800
11d · Fees: lobbying

total $184,160 · program services $184,160
11e · Fees: professional fundraising services

total $1,233,879 · fundraising $1,233,879
11f · Fees: investment management

total $3,420,227 · management and general $3,420,227
11g · Fees: other

total $272,568,895 · program services $245,328,996 · management and general $19,191,756 · fundraising $8,048,143
12 · Advertising and promotion

total $1,322,162 · program services $1,194,005 · management and general $77,590 · fundraising $50,567
13 · Office expenses

total $180,661,123 · program services $169,875,968 · management and general $9,005,261 · fundraising $1,779,894
14 · Information technology

total $51,457,814 · program services $50,026,035 · management and general $1,431,517 · fundraising $262
15 · Royalties

total $4,665,403 · program services $4,665,153 · management and general $250
16 · Occupancy

total $51,169,237 · program services $17,069,069 · management and general $33,006,705 · fundraising $1,093,463
17 · Travel

total $53,969,083 · program services $50,804,062 · management and general $1,646,939 · fundraising $1,518,082
19 · Conferences, conventions and meetings

total $6,335,625 · program services $6,243,965 · management and general $37,674 · fundraising $53,986
20 · Interest

total $136,960,360 · program services $376,986 · management and general $136,583,374
22 · Depreciation, depletion and amortization

total $177,819,204 · program services $176,971,490 · management and general $777,073 · fundraising $70,641
23 · Insurance

total $23,945,786 · program services $23,945,786
24a · Other expenses: MEDICAL SUPPLIES

total $538,319,053 · program services $538,319,053
24b · Other expenses: UBIT

total $4,448,299 · program services $4,448,299
24c · Other expenses: EMPLOYEE RELATED

total $42,623,440 · program services $38,899,670 · management and general $3,300,728 · fundraising $423,042
24d · Other expenses: MN CARE TAX

total $39,923,737 · program services $39,922,172 · management and general $1,565
24e · All other expenses

total $46,928,477 · program services $44,616,054 · management and general $2,293,113 · fundraising $19,310

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $7,612,763 · end of year $10,197,868
2 · Savings and temporary cash investments

beginning of year $1,296,847,969 · end of year $1,174,006,293
3 · Pledges and grants receivable

beginning of year $552,606,481 · end of year $545,368,699
4 · Accounts receivable

beginning of year $512,569,768 · end of year $389,838,910
7 · Other notes and loans receivable

beginning of year $1,850,548 · end of year $20,134,099
8 · Inventories for sale or use

beginning of year $10,787,335 · end of year $13,606,001
9 · Prepaid expenses and deferred charges

beginning of year $55,435,863 · end of year $79,071,287
10a · Land, buildings and equipment: cost or other basis

$4,118,989,404
10b · Land, buildings and equipment: accumulated depreciation

$2,534,746,780
10c · Land, buildings and equipment, net

beginning of year $1,512,972,243 · end of year $1,584,242,624
11 · Investments: publicly traded securities

beginning of year $509,632,934 · end of year $703,702,998
12 · Investments: other securities

beginning of year $16,069,269,429 · end of year $17,096,491,435
14 · Intangible assets

end of year $5,000,000
15 · Other assets

beginning of year $1,578,054,092 · end of year $1,717,959,951
17 · Accounts payable and accrued expenses

beginning of year $2,064,798,992 · end of year $2,049,813,354
19 · Deferred revenue

beginning of year $172,598,176 · end of year $154,114,274
20 · Tax-exempt bond liabilities

beginning of year $1,474,194,291 · end of year $1,438,317,105
23 · Secured mortgages and notes payable

beginning of year $2,691,172,955 · end of year $2,693,616,997
25 · Other liabilities

beginning of year $3,175,406,333 · end of year $3,619,531,801
27 · Net assets without donor restrictions

beginning of year $8,306,935,513 · end of year $8,832,320,576
28 · Net assets with donor restrictions

beginning of year $4,222,533,165 · end of year $4,551,906,058

Mission and programs · 2023

Mission

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.

Activities or mission (Part I)

PATIENT CARE, RESEARCH AND EDUCATION

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. THESE ORGANIZATIONS CONSIST 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 DIAGNOSES 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 COMMUNITIES IN MINNESOTA, WISCONSIN, AND IOWA THROUGH A NETWORK OF COMMUNITY-BASED PHYSICIANS TO PROVIDE QUALITY HEALTH CARE CLOSE TO HOME. THIS NETWORK IS 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. MAYO CLINIC HAS 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. FOR THE 2023-2024 PERIOD, MAYO CLINIC HAD ITS HOSPITAL (MAYO CLINIC HOSPITAL-ROCHESTER) NAMED TO THE BEST HOSPITALS HONOR ROLL BY U.S. NEWS & WORLD REPORT, ALONG WITH BEING RANKED IN THE TOP 50 HOSPITALS IN 13 MEDICAL SPECIALTIES AND EARNED THE HIGHEST HIGH-PERFORMING RATING FOR 20 OF 21 EVALUATED PROCEDURES AND CONDITIONS.MAYO CLINIC OFFERS BOTH SPECIALTY AND PRIMARY CARE IN ITS COMMUNITY PRACTICES AND MAINTAINS A POPULATION HEALTH OFFICE. 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 130 COUNTRIES COME TO MAYO CLINIC FOR CARE. DURING 2023, APPROXIMATELY 453,000 PATIENT VISITS WERE RECORDED BY MAYO CLINIC AND ITS AFFILIATED HOSPITAL IN ROCHESTER, MN. TOTAL PATIENT VISITS FOR MAYO CLINIC AND ITS AFFILIATES DURING 2023 WERE OVER 1.3 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 2023, THE COST OF UNCOMPENSATED CARE PROVIDED THROUGH MEDICAID AND MINNESOTA CARE (A PROGRAM THAT PROVIDES MEDICAL ASSISTANCE FOR LOW INCOME POPULATIONS) WAS APPROXIMATELY $251,650,000. THIS AMOUNT INCLUDES APPROXIMATELY $35,431,000 PAID TO MINNESOTACARE. THE COST OF UNCOMPENSATED CARE PROVIDED THROUGH MEDICARE WAS APPROXIMATELY $1,104,930,000 AND THE COST OF CHARITY CARE PROVIDED IN 2023 WAS APPROXIMATELY $14,755,000.IN 2023, WITH SYSTEM-WIDE REVENUES OF $17.9 BILLION, MAYO CLINIC AND ITS AFFILIATES PROVIDED $681.7 MILLION IN CARE TO PEOPLE IN NEED. THIS TOTAL INCLUDES $57.8 MILLION IN CHARITY CARE AND $623.9 MILLION IN UNPAID PORTIONS OF MEDICAID AND OTHER INDIGENT CARE PROGRAMS FOR PEOPLE WHO ARE UNINSURED OR UNDERINSURED. MAYO ALSO PROVIDED $3.0 BILLION IN UNPAID PORTIONS OF MEDICARE AND OTHER SENIOR PROGRAMS. APPROXIMATELY 57 PERCENT OF MAYO'S TOTAL MEDICAL SERVICES PROVIDED ARE FOR MEDICARE, MEDICAID AND OTHER GOVERNMENT PATIENTS. MAYO CLINIC AND ITS AFFILIATES CONTRIBUTED APPROXIMATELY $32.8 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 2023, THE MAYO CLINIC CARE NETWORK CONSISTED OF APPROXIMATELY 45 MEMBERS LOCATED IN THE UNITED STATES, CHINA, EGYPT, INDIA, INDONESIA, MEXICO, MALAYSIA, SAUDI ARABIA, AND THE UNITED ARAB EMIRATES. THROUGH THE MAYO CLINIC CARE NETWORK, MILLIONS OF PATIENTS AND THEIR 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, PROVIDE 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.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.

Expenses $4,590,077,525 · Grants $868,938,287 · Revenue $3,357,928,867
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 WELL-BEING 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 2023, MAYO CLINIC, IN CONJUNCTION WITH ITS AFFILIATES, HAD OVER 5,000 RESEARCH PERSONNEL, 22 CORE LABORATORIES, MORE THAN 9,900 ACTIVE INSTITUTIONAL REVIEW BOARD-APPROVED HUMAN RESEARCH STUDIES, APPROXIMATELY 1,060 NEW HUMAN RESEARCH STUDIES APPROVED BY THE INSTITUTIONAL REVIEW BOARD AND OVER 10,500 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.

Expenses $866,205,011 · Grants $37,095,817 · Revenue $6,201,050
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 OLDEST AND LARGEST SCHOOLS OF GRADUATE MEDICAL EDUCATION WITH ANNUAL ENROLLMENT OF APPROXIMATELY 1,800 RESIDENT AND FELLOW PHYSICIANS IN TRAINING. THE SCHOOL TRAINS DOCTORS IN OVER 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. THE ACCEPTANCE RATE FOR INCOMING STUDENTS IS APPROXIMATELY 4%. FOR 2023, THE SCHOOL RECEIVED 5,503 APPLICATIONS AND OF THOSE, 215 STUDENTS WERE OFFERED ACCEPTANCE TO ONE OF THE PROGRAMS. FULL-TIME ENROLLEMNT IS APPROXIMATELY 430 STUDENTS ON THE ROCHESTER, MINNESOTA; SCOTTSDALE, ARIZONA; AND JACKSONVILLE, FLORIDA CAMPUSES.THE INNOVATIVE AND TRANSFORMATIVE CURRICULA 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 RECEIVE A SCIENCE OF HEALTH CARE DELIVERY CERTIFICATE IN ADDITION TO A MEDICAL DEGREE. THE INTEGRATED CURRICULA 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.THE MAYO CLINIC ALIX SCHOOL OF MEDICINE STUDENTS WAS RANKED NO. 13 IN THE NATION FOR THE BEST MEDICAL SCHOOL FOR RESEARCH FOR THE 2023-2024 PERIOD BY U.S. NEWS & WORLD REPORT. 3. MAYO CLINIC GRADUATE SCHOOL OF BIOMEDICAL SCIENCES HAS A DISTINGUISHED HISTORY OF PREPARING STUDENTS FOR CAREERS AS COMPETITIVE BIOMEDICAL RESEARCH INVESTIGATORS. THE SCHOOL OFFERS MASTER'S AND DOCTORAL DEGREE PROGRAMS FOCUSING SEVERAL 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 COLLABORATE 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 350 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 1,600 STUDENTS. WITH CAMPUSES IN MINNESOTA, FLORIDA AND ARIZONA, THE SCHOOL PREPARES STUDENTS IN OVER 150 PROGRAMS REPRESENTING 50 HEALTH SCIENCE AREAS. THE SCHOOL ALSO PROVIDES CLINICAL INTERNSHIPS FOR HUNDREDS OF AFFILIATED SCHOOLS. APPROXIMATELY 480 FACULTY MEMBERS ENSURE EVERY STUDENT RECEIVES EXTENSIVE PERSONALIZED TRAINING. 5. MAYO CLINIC SCHOOL OF CONTINUOUS PROFESSIONAL DEVELOPMENT PROVIDES A COMPREHENSIVE SELECTION OF OVER 200 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. 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 BEEN CONTINUOUSLY PUBLISHED SINCE 1926 AND HAS AN IMPACT FACTOR OF 8.9, RANKING IT #20 OUT OF 167 JOURNALS IN THE MEDICINE, GENERAL AND INTERNAL CATEGORY. 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.

Expenses $336,789,552 · Grants $31,890,493 · Revenue $67,691,094

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Farrugia MD GianricoFARRUGIA MD GIANRICO

TRUSTEE/PRESIDENT/CEO

Total calculated

$4,309,705

From this org

$0

From related orgs

$4,213,853

Other

$95,852

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $3,474,332 related

Bonus

$0

Other

$0 + $739,521 related

Deferred

$0 + $48,053 related

Nontaxable benefits

$0 + $47,799 related

Filer's total

$0 + $4,309,705 related
Thielen MD Kent RTHIELEN MD KENT R

TRUSTEE/VP

Total calculated

$2,595,133

From this org

$0

From related orgs

$2,497,385

Other

$97,748

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $2,105,547 related

Bonus

$0

Other

$0 + $391,838 related

Deferred

$0 + $51,486 related

Nontaxable benefits

$0 + $46,262 related

Filer's total

$0 + $2,595,133 related
Gray MD Richard JGRAY MD RICHARD J

TRUSTEE/VP

Total calculated

$2,574,273

From this org

$0

From related orgs

$2,486,103

Other

$88,170

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $2,098,533 related

Bonus

$0

Other

$0 + $387,570 related

Deferred

$0 + $43,241 related

Nontaxable benefits

$0 + $44,929 related

Filer's total

$0 + $2,574,273 related
Zorn Christina KZORN CHRISTINA K

TRUSTEE/VP

Total calculated

$1,937,488

From this org

$0

From related orgs

$1,853,748

Other

$83,740

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $1,552,753 related

Bonus

$0

Other

$0 + $300,995 related

Deferred

$0 + $39,907 related

Nontaxable benefits

$0 + $43,833 related

Filer's total

$0 + $1,937,488 related
Gorman Paul AGORMAN PAUL A

TREASURER

Total calculated

$1,882,634

From this org

$0

From related orgs

$1,785,236

Other

$97,398

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $869,135 related

Bonus

$0 + $759,770 related

Other

$0 + $156,331 related

Deferred

$0 + $56,444 related

Nontaxable benefits

$0 + $40,954 related

Filer's total

$0 + $1,882,634 related
Williams MD Amy WWILLIAMS MD AMY W

TRUSTEE

Total calculated

$1,874,912

From this org

$0

From related orgs

$1,824,113

Other

$50,799

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $1,559,718 related

Bonus

$0

Other

$0 + $264,395 related

Deferred

$0 + $35,380 related

Nontaxable benefits

$0 + $15,419 related

Filer's total

$0 + $1,874,912 related
Dahlen Dennis EDAHLEN DENNIS E

CFO

Total calculated

$1,715,096

From this org

$0

From related orgs

$1,611,747

Other

$103,349

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $1,444,487 related

Bonus

$0

Other

$0 + $167,260 related

Deferred

$0 + $59,498 related

Nontaxable benefits

$0 + $43,851 related

Filer's total

$0 + $1,715,096 related
Murphy Joshua BMURPHY JOSHUA B

SECY

Total calculated

$1,697,655

From this org

$0

From related orgs

$1,601,782

Other

$95,873

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $1,353,249 related

Bonus

$0

Other

$0 + $248,533 related

Deferred

$0 + $50,034 related

Nontaxable benefits

$0 + $45,839 related

Filer's total

$0 + $1,697,655 related
Lanzino MD GiuseppeLANZINO MD GIUSEPPE

PHYSICIAN

Total calculated

$1,602,383

From this org

$1,513,030

From related orgs

$0

Other

$89,353

Hours/week

40

Schedule J breakdown matched by us

Base

$1,255,810

Bonus

$0

Other

$257,220

Deferred

$48,776

Nontaxable benefits

$40,577

Filer's total

$1,602,383
Krauss MD William EKRAUSS MD WILLIAM E

PHYSICIAN

Total calculated

$1,592,582

From this org

$1,523,588

From related orgs

$0

Other

$68,994

Hours/week

40

Schedule J breakdown matched by us

Base

$1,260,954

Bonus

$0

Other

$262,634

Deferred

$35,643

Nontaxable benefits

$33,351

Filer's total

$1,592,582
Gores MD Gregory JGORES MD GREGORY J

PHYSICIAN

Total calculated

$1,540,426

From this org

$1,491,256

From related orgs

$0

Other

$49,170

Hours/week

40

Schedule J breakdown matched by us

Base

$1,258,261

Bonus

$0

Other

$232,995

Deferred

$13,200

Nontaxable benefits

$35,970

Filer's total

$1,540,426
Marsh MD W RichardMARSH MD W RICHARD

DIR-SPINE CENTER

Total calculated

$1,479,274

From this org

$1,433,287

From related orgs

$0

Other

$45,987

Hours/week

40

Schedule J breakdown matched by us

Base

$1,172,896

Bonus

$0

Other

$260,391

Deferred

$13,205

Nontaxable benefits

$32,782

Filer's total

$1,479,274
Spinner MD Robert JSPINNER MD ROBERT J

CHAIR-NEURO SURGERY

Total calculated

$1,468,480

From this org

$1,368,740

From related orgs

$0

Other

$99,740

Hours/week

40

Schedule J breakdown matched by us

Base

$1,137,006

Bonus

$0

Other

$231,734

Deferred

$57,148

Nontaxable benefits

$42,592

Filer's total

$1,468,480
Clarke MD Michelle JCLARKE MD MICHELLE J

PHYSICIAN

Total calculated

$1,424,846

From this org

$1,359,482

From related orgs

$0

Other

$65,364

Hours/week

40

Schedule J breakdown matched by us

Base

$1,230,971

Bonus

$0

Other

$128,511

Deferred

$32,342

Nontaxable benefits

$33,022

Filer's total

$1,424,846
Williamson Mary JWILLIAMSON MARY J

CAO-MCS

Total calculated

$1,209,089

From this org

$1,129,852

From related orgs

$0

Other

$79,237

Hours/week

40

Schedule J breakdown matched by us

Base

$950,612

Bonus

$0

Other

$179,240

Deferred

$37,622

Nontaxable benefits

$41,615

Filer's total

$1,209,089
Otley MD Clark COTLEY MD CLARK C

FORMER KEY EMPLOYEE

Total calculated

$1,206,518

From this org

$1,118,928

From related orgs

$0

Other

$87,590

Hours/week

40

Schedule J breakdown matched by us

Base

$919,991

Bonus

$0

Other

$198,937

Deferred

$49,478

Nontaxable benefits

$38,112

Filer's total

$1,206,518
Ammash MD Naser MAMMASH MD NASER M

FORMER KEY EMPLOYEE

Total calculated

$1,161,987

From this org

$0

From related orgs

$1,081,879

Other

$80,108

Hours/week

0 + 40 related

Schedule J breakdown matched by us

Base

$0 + $746,448 related

Bonus

$0

Other

$0 + $335,431 related

Deferred

$0 + $58,906 related

Nontaxable benefits

$0 + $21,202 related

Filer's total

$0 + $1,161,987 related
Menkosky Paula EMENKOSKY PAULA E

ASST SECY

Total calculated

$1,158,001

From this org

$0

From related orgs

$1,066,055

Other

$91,946

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $910,434 related

Bonus

$0

Other

$0 + $155,621 related

Deferred

$0 + $53,545 related

Nontaxable benefits

$0 + $38,401 related

Filer's total

$0 + $1,158,001 related
Rihal MD Charanjit SRIHAL MD CHARANJIT S

TRUSTEE

Total calculated

$1,068,704

From this org

$974,122

From related orgs

$0

Other

$94,582

Hours/week

40

Schedule J breakdown matched by us

Base

$788,282

Bonus

$0

Other

$185,840

Deferred

$56,398

Nontaxable benefits

$38,184

Filer's total

$1,068,704
Morice MD William GMORICE MD WILLIAM G

CEO-MCS

Total calculated

$1,068,014

From this org

$979,922

From related orgs

$0

Other

$88,092

Hours/week

40

Schedule J breakdown matched by us

Base

$849,552

Bonus

$0

Other

$130,370

Deferred

$50,168

Nontaxable benefits

$37,924

Filer's total

$1,068,014
Arnett Jennifer PARNETT JENNIFER P

CHIEF DEVELOPMENT OFFICER

Total calculated

$1,048,885

From this org

$967,487

From related orgs

$0

Other

$81,398

Hours/week

40

Schedule J breakdown matched by us

Base

$906,305

Bonus

$0

Other

$61,182

Deferred

$53,984

Nontaxable benefits

$27,414

Filer's total

$1,048,885
Shah MD VijaySHAH MD VIJAY

EXECUTIVE DEAN OF RESEARCH

Total calculated

$1,041,134

From this org

$956,903

From related orgs

$0

Other

$84,231

Hours/week

40

Schedule J breakdown matched by us

Base

$791,107

Bonus

$0

Other

$165,796

Deferred

$45,917

Nontaxable benefits

$38,314

Filer's total

$1,041,134
Callstrom MD Matthew RCALLSTROM MD MATTHEW R

TRUSTEE

Total calculated

$1,033,450

From this org

$944,092

From related orgs

$0

Other

$89,358

Hours/week

40

Schedule J breakdown matched by us

Base

$780,137

Bonus

$0

Other

$163,955

Deferred

$59,591

Nontaxable benefits

$29,767

Filer's total

$1,033,450
Noseworthy MD Peter ANOSEWORTHY MD PETER A

DIV CHAIR-HEART RHYTHM

Total calculated

$996,438

From this org

$923,200

From related orgs

$0

Other

$73,238

Hours/week

40

Schedule J breakdown matched by us

Base

$807,731

Bonus

$0

Other

$115,469

Deferred

$30,039

Nontaxable benefits

$43,199

Filer's total

$996,438
Hara MD Amy KHARA MD AMY K

TRUSTEE

Total calculated

$934,595

From this org

$0

From related orgs

$848,587

Other

$86,008

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $733,241 related

Bonus

$0

Other

$0 + $115,346 related

Deferred

$0 + $44,725 related

Nontaxable benefits

$0 + $41,283 related

Filer's total

$0 + $934,595 related
Pagnano MD Mark WPAGNANO MD MARK W

PHYSICIAN

Total calculated

$914,494

From this org

$824,218

From related orgs

$0

Other

$90,276

Hours/week

40

Schedule J breakdown matched by us

Base

$681,505

Bonus

$0

Other

$142,713

Deferred

$50,655

Nontaxable benefits

$39,621

Filer's total

$914,494
Wald MD John TWALD MD JOHN T

FORMER KEY EMPLOYEE

Total calculated

$902,164

From this org

$803,551

From related orgs

$0

Other

$98,613

Hours/week

40

Schedule J breakdown matched by us

Base

$694,838

Bonus

$0

Other

$108,713

Deferred

$59,642

Nontaxable benefits

$38,971

Filer's total

$902,164
Kendrick MD Michael LKENDRICK MD MICHAEL L

CHAIR-SURGERY

Total calculated

$898,099

From this org

$812,814

From related orgs

$0

Other

$85,285

Hours/week

40

Schedule J breakdown matched by us

Base

$694,822

Bonus

$0

Other

$117,992

Deferred

$48,260

Nontaxable benefits

$37,025

Filer's total

$898,099
Dowdy MD Sean CDOWDY MD SEAN C

CHIEF VALUE OFFICER

Total calculated

$872,550

From this org

$797,010

From related orgs

$0

Other

$75,540

Hours/week

40

Schedule J breakdown matched by us

Base

$684,276

Bonus

$0

Other

$112,734

Deferred

$38,595

Nontaxable benefits

$36,945

Filer's total

$872,550
Didehban RoshanakDIDEHBAN ROSHANAK

TRUSTEE/ASST SECY

Total calculated

$852,478

From this org

$0

From related orgs

$808,214

Other

$44,264

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $730,236 related

Bonus

$0

Other

$0 + $77,978 related

Deferred

$0 + $28,882 related

Nontaxable benefits

$0 + $15,382 related

Filer's total

$0 + $852,478 related
Leibovich MD Bradley CLEIBOVICH MD BRADLEY C

PHYSICIAN

Total calculated

$849,579

From this org

$764,839

From related orgs

$0

Other

$84,740

Hours/week

40

Schedule J breakdown matched by us

Base

$647,644

Bonus

$0

Other

$117,195

Deferred

$47,941

Nontaxable benefits

$36,799

Filer's total

$849,579
Galanis MD EvanthiaGALANIS MD EVANTHIA

EXECUTIVE DEAN OF DEVELOPMENT

Total calculated

$847,030

From this org

$767,820

From related orgs

$0

Other

$79,210

Hours/week

40

Schedule J breakdown matched by us

Base

$659,144

Bonus

$0

Other

$108,676

Deferred

$42,439

Nontaxable benefits

$36,771

Filer's total

$847,030
Fonseca MD RafaelFONSECA MD RAFAEL

TRUSTEE

Total calculated

$830,464

From this org

$0

From related orgs

$743,054

Other

$87,410

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $572,506 related

Bonus

$0

Other

$0 + $170,548 related

Deferred

$0 + $47,661 related

Nontaxable benefits

$0 + $39,749 related

Filer's total

$0 + $830,464 related
Loftus MD Conor GLOFTUS MD CONOR G

FORMER KEY EMPLOYEE

Total calculated

$824,290

From this org

$750,960

From related orgs

$0

Other

$73,330

Hours/week

40

Schedule J breakdown matched by us

Base

$676,135

Bonus

$0

Other

$74,825

Deferred

$36,488

Nontaxable benefits

$36,842

Filer's total

$824,290
Cima MD Robert RCIMA MD ROBERT R

FORMER KEY EMPLOYEE

Total calculated

$791,347

From this org

$707,560

From related orgs

$0

Other

$83,787

Hours/week

40

Schedule J breakdown matched by us

Base

$577,317

Bonus

$0

Other

$130,243

Deferred

$48,656

Nontaxable benefits

$35,131

Filer's total

$791,347
Khan Rita GKHAN RITA G

FORMER KEY EMPLOYEE

Total calculated

$775,173

From this org

$0

From related orgs

$716,933

Other

$58,240

Hours/week

0 + 40 related

Schedule J breakdown matched by us

Base

$0 + $656,480 related

Bonus

$0

Other

$0 + $60,453 related

Deferred

$0 + $42,329 related

Nontaxable benefits

$0 + $15,911 related

Filer's total

$0 + $775,173 related
Brown MD Michael JBROWN MD MICHAEL J

PHYSICIAN

Total calculated

$757,066

From this org

$676,037

From related orgs

$0

Other

$81,029

Hours/week

40

Schedule J breakdown matched by us

Base

$584,882

Bonus

$0

Other

$91,155

Deferred

$41,814

Nontaxable benefits

$39,215

Filer's total

$757,066
McLaughlin MD Sarah AMCLAUGHLIN MD SARAH A

TRUSTEE

Total calculated

$752,391

From this org

$0

From related orgs

$712,086

Other

$40,305

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $644,490 related

Bonus

$0

Other

$0 + $67,596 related

Deferred

$0 + $30,954 related

Nontaxable benefits

$0 + $9,351 related

Filer's total

$0 + $752,391 related
Frank MD IgorFRANK MD IGOR

PHYSICIAN

Total calculated

$733,320

From this org

$657,287

From related orgs

$0

Other

$76,033

Hours/week

40

Schedule J breakdown matched by us

Base

$594,792

Bonus

$0

Other

$62,495

Deferred

$36,806

Nontaxable benefits

$39,227

Filer's total

$733,320
Dunn Ajani NDUNN AJANI N

TRUSTEE/ASST SECY

Total calculated

$722,933

From this org

$0

From related orgs

$656,330

Other

$66,603

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $556,392 related

Bonus

$0

Other

$0 + $99,938 related

Deferred

$0 + $29,929 related

Nontaxable benefits

$0 + $36,674 related

Filer's total

$0 + $722,933 related
Khan MD Amir RKHAN MD AMIR R

PHYSICIAN

Total calculated

$708,246

From this org

$626,342

From related orgs

$0

Other

$81,904

Hours/week

40

Schedule J breakdown matched by us

Base

$558,372

Bonus

$0

Other

$67,970

Deferred

$45,800

Nontaxable benefits

$36,104

Filer's total

$708,246
Peters MD Steve GPETERS MD STEVE G

PHYSICIAN

Total calculated

$684,572

From this org

$641,488

From related orgs

$0

Other

$43,084

Hours/week

40

Schedule J breakdown matched by us

Base

$562,610

Bonus

$0

Other

$78,878

Deferred

$13,204

Nontaxable benefits

$29,880

Filer's total

$684,572
Gazelka MD Halena MGAZELKA MD HALENA M

FORMER KEY EMPLOYEE

Total calculated

$673,291

From this org

$0

From related orgs

$613,020

Other

$60,271

Hours/week

0 + 40 related

Schedule J breakdown matched by us

Base

$0 + $570,973 related

Bonus

$0

Other

$0 + $42,047 related

Deferred

$0 + $43,369 related

Nontaxable benefits

$0 + $16,902 related

Filer's total

$0 + $673,291 related
Famuyide Mbbs Abimbola OFAMUYIDE MBBS ABIMBOLA O

TRUSTEE

Total calculated

$662,263

From this org

$579,171

From related orgs

$0

Other

$83,092

Hours/week

40

Schedule J breakdown matched by us

Base

$477,477

Bonus

$0

Other

$101,694

Deferred

$55,206

Nontaxable benefits

$27,886

Filer's total

$662,263
Horlocker MD Terese THORLOCKER MD TERESE T

PHYSICIAN

Total calculated

$655,706

From this org

$612,562

From related orgs

$0

Other

$43,144

Hours/week

40

Schedule J breakdown matched by us

Base

$537,672

Bonus

$0

Other

$74,890

Deferred

$13,201

Nontaxable benefits

$29,943

Filer's total

$655,706
Francis James RFRANCIS JAMES R

ASST TREASURER

Total calculated

$635,201

From this org

$0

From related orgs

$568,925

Other

$66,276

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $511,076 related

Bonus

$0

Other

$0 + $57,849 related

Deferred

$0 + $34,679 related

Nontaxable benefits

$0 + $31,597 related

Filer's total

$0 + $635,201 related
Poe John DPOE JOHN D

FORMER KEY EMPLOYEE

Total calculated

$634,408

From this org

$0

From related orgs

$563,459

Other

$70,949

Hours/week

0 + 40 related

Schedule J breakdown matched by us

Base

$0 + $517,215 related

Bonus

$0

Other

$0 + $46,244 related

Deferred

$0 + $43,599 related

Nontaxable benefits

$0 + $27,350 related

Filer's total

$0 + $634,408 related
Caine Natalie ACAINE NATALIE A

CAO-ROCHESTER

Total calculated

$618,603

From this org

$553,593

From related orgs

$0

Other

$65,010

Hours/week

40

Schedule J breakdown matched by us

Base

$546,572

Bonus

$0

Other

$7,021

Deferred

$23,938

Nontaxable benefits

$41,072

Filer's total

$618,603
Luetmer MD Patrick HLUETMER MD PATRICK H

FORMER KEY EMPLOYEE

Total calculated

$615,106

From this org

$573,111

From related orgs

$0

Other

$41,995

Hours/week

40

Schedule J breakdown matched by us

Base

$468,996

Bonus

$0

Other

$104,115

Deferred

$13,200

Nontaxable benefits

$28,795

Filer's total

$615,106
Hayes MD Sharonne NHAYES MD SHARONNE N

FORMER KEY EMPLOYEE

Total calculated

$610,372

From this org

$532,183

From related orgs

$0

Other

$78,189

Hours/week

40

Schedule J breakdown matched by us

Base

$431,026

Bonus

$0

Other

$101,157

Deferred

$49,892

Nontaxable benefits

$28,297

Filer's total

$610,372
Dieter Heidi LDIETER HEIDI L

CHAIR-RESEARCH ADMIN

Total calculated

$592,502

From this org

$527,499

From related orgs

$0

Other

$65,003

Hours/week

40

Schedule J breakdown matched by us

Base

$493,984

Bonus

$0

Other

$33,515

Deferred

$40,478

Nontaxable benefits

$24,525

Filer's total

$592,502
Amstutz Gwendolyn JAMSTUTZ GWENDOLYN J

CHAIR-PRACTICE ADMIN

Total calculated

$498,853

From this org

$417,434

From related orgs

$0

Other

$81,419

Hours/week

40

Schedule J breakdown matched by us

Base

$400,188

Bonus

$0

Other

$17,246

Deferred

$66,632

Nontaxable benefits

$14,787

Filer's total

$498,853
Holtan Douglas JHOLTAN DOUGLAS J

CHAIR-FACILITIES

Total calculated

$495,813

From this org

$456,677

From related orgs

$0

Other

$39,136

Hours/week

40

Schedule J breakdown matched by us

Base

$428,051

Bonus

$0

Other

$28,626

Deferred

$13,279

Nontaxable benefits

$25,857

Filer's total

$495,813
Hubert Sherry LHUBERT SHERRY L

ASST SECY

Total calculated

$495,658

From this org

$0

From related orgs

$404,237

Other

$91,421

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $382,885 related

Bonus

$0

Other

$0 + $21,352 related

Deferred

$0 + $53,579 related

Nontaxable benefits

$0 + $37,842 related

Filer's total

$0 + $495,658 related
Norby Susan MNORBY SUSAN M

FORMER OFFICER

Total calculated

$461,898

From this org

$0

From related orgs

$385,612

Other

$76,286

Hours/week

0 + 40 related

Schedule J breakdown matched by us

Base

$0 + $370,812 related

Bonus

$0

Other

$0 + $14,800 related

Deferred

$0 + $47,160 related

Nontaxable benefits

$0 + $29,126 related

Filer's total

$0 + $461,898 related
Narr MD Bradly JNARR MD BRADLY J

FORMER KEY EMPLOYEE

Total calculated

$450,849

From this org

$407,261

From related orgs

$0

Other

$43,588

Hours/week

40

Schedule J breakdown matched by us

Base

$317,382

Bonus

$0

Other

$89,879

Deferred

$13,208

Nontaxable benefits

$30,380

Filer's total

$450,849
Diasio MD Robert BDIASIO MD ROBERT B

FORMER KEY EMPLOYEE

Total calculated

$192,313

From this org

$153,621

From related orgs

$27,551

Other

$11,141

Hours/week

40

Schedule J breakdown matched by us

Base

$126,700

Bonus

$0

Other

$26,921 + $27,551 related

Deferred

$2,670

Nontaxable benefits

$8,471

Filer's total

$164,762 + $27,551 related
Brown William ABROWN WILLIAM A

ASST TREASURER

Total calculated

$210,408

From this org

$0

From related orgs

$174,083

Other

$36,325

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $171,498 related

Bonus

$0

Other

$0 + $2,585 related

Deferred

$0 + $7,171 related

Nontaxable benefits

$0 + $29,154 related

Filer's total

$0 + $210,408 related
Davis Jed VDAVIS JED V

TRUSTEE

Total calculated

$158,633

From this org

$0

From related orgs

$158,633

Other

$0

Hours/week

5

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$0 + $158,633 related

Deferred

$0

Nontaxable benefits

$0

Filer's total

$0 + $158,633 related
Remy Donald MREMY DONALD M

TRUSTEE

Total calculated

$140,483

From this org

$0

From related orgs

$140,483

Other

$0

Hours/week

5
Gerberding MD Julie LGERBERDING MD JULIE L

TRUSTEE

Total calculated

$110,892

From this org

$0

From related orgs

$110,892

Other

$0

Hours/week

5
Rothblatt A MartineROTHBLATT A MARTINE

TRUSTEE

Total calculated

$105,805

From this org

$0

From related orgs

$105,805

Other

$0

Hours/week

5
Alix JayALIX JAY

TRUSTEE

Total calculated

$20,511

From this org

$0

From related orgs

$20,511

Other

$0

Hours/week

5
Baker Jr Douglas MBAKER JR DOUGLAS M

TRUSTEE

Total calculated

$13,595

From this org

$0

From related orgs

$13,595

Other

$0

Hours/week

5
Roberts Robin RROBERTS ROBIN R

TRUSTEE

Total calculated

$9,688

From this org

$0

From related orgs

$9,688

Other

$0

Hours/week

5
Peretsman Nancy BPERETSMAN NANCY B

TRUSTEE

Total calculated

$6,521

From this org

$0

From related orgs

$6,521

Other

$0

Hours/week

5
Powell Michael KPOWELL MICHAEL K

TRUSTEE/CHAIR

Total calculated

$5,978

From this org

$0

From related orgs

$5,978

Other

$0

Hours/week

5
Steer MD Randolph CSTEER MD RANDOLPH C

TRUSTEE

Total calculated

$5,118

From this org

$0

From related orgs

$5,118

Other

$0

Hours/week

5
Baicker KatherineBAICKER KATHERINE

TRUSTEE

Total calculated

$1,445

From this org

$0

From related orgs

$1,445

Other

$0

Hours/week

5
Bilicic George WBILICIC GEORGE W

TRUSTEE

Total calculated

$0

Hours/week

5
Burns Ursula MBURNS URSULA M

TRUSTEE

Total calculated

$0

Hours/week

5
Davis Richard KDAVIS RICHARD K

TRUSTEE

Total calculated

$0

Hours/week

5
Halvorson George CHALVORSON GEORGE C

TRUSTEE

Total calculated

$0

Hours/week

5
Peck KristinPECK KRISTIN

TRUSTEE

Total calculated

$0

Hours/week

5
Schmidt Eric ESCHMIDT ERIC E

EXECUTIVE DEAN OF RESEARCH

Total calculated

$0

Hours/week

5
Sweeney Anne MSWEENEY ANNE M

TRUSTEE

Total calculated

$0

Hours/week

5
Tomm Charles BTOMM CHARLES B

TRUSTEE

Total calculated

$0

Hours/week

5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · First-class or charter travel
1a · Travel for companions
1a · Tax indemnification and gross-up payments
1a · Personal services (maid, chauffeur, chef)
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement

Answered no

4a · Severance or change-of-control payment
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: EXTERNAL TRUSTEES MAY BE REIMBURSED FOR ACTUAL TRAVEL EXPENSES, INCLUDING FIRST CLASS TRAVEL, RELATED TO MAYO BUSINESS. THIS REIMBURSEMENT MAY INCLUDE PRIVATE AIR TRAVEL, IN WHICH CASE REIMBURSEMENT IS LIMITED TO THE COST OF A FIRST CLASS TICKET AND THE AMOUNT IS GROSSED UP AND TREATED AS TAXABLE INCOME. IN 2023, MATTHEW R. CALLSTROM M.D. WAS PROVIDED BUSINESS/FIRST-CLASS TRAVEL. THE TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION AS ALL FLIGHTS WERE BUSINESS RELATED. TRAVEL FOR COMPANIONS IS AVAILABLE TO ALL TRUSTEES AND EX-OFFICIOS SO THAT SPOUSES CAN ACCOMPANY THEM TO THE SITE OF BOARD MEETINGS AND FOR OTHER BUSINESS RELATED PURPOSES. IN 2023, JAY ALIX, JENNIFER P. ARNETT, KATHERINE BAICKER, DOUGLAS M. BAKER JR., MATTHEW R. CALLSTROM, ABIMBOLA O. FAMUYIDE MBBS, MICHAEL K. POWELL, DONALD M. REMY, ROBIN R. ROBERTS AND RANDOLPH C. STEER M.D. RECEIVED SPOUSAL TRAVEL, WHICH WAS GROSSED UP AND TREATED AS TAXABLE INCOME. PURSUANT TO INSTITUTIONAL POLICIES, CERTAIN AWARDS HAVE A TAX GROSS-UP APPLIED IN ORDER TO NOT DIMINISH THE RECOGNITION AND CELEBRATORY NATURE OF THE AWARD. ONE OR MORE LISTED PERSONS RECEIVED AN AWARD, WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. IN 2023, PETER A. NOSEWORTHY WAS PROVIDED PAYMENTS FOR TUITION RELATED TO HIS JOB RESPONSIBILITIES. SIMILAR TO OTHER NON LISTED EMPLOYEES, THIS AMOUNT WAS TAXABLE TO THE EMPLOYEE AND GROSSED UP. THE PERSONAL SERVICES THAT WERE PROVIDED ARE INCOME TAX PREPARATION SERVICES THAT, IN ACCORDANCE WITH MAYO POLICY, ARE AVAILABLE TO MAYO CLINIC VOTING/CONSULTING STAFF. ONE OR MORE LISTED PERSONS RECEIVED THIS SERVICE, WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS.
PART I, LINES 4B-C: THIS ENTITY OR ITS AFFILIATE HAS A SUPPLEMENTAL RETIREMENT PLAN (SRP) DESIGNED TO ROUGHLY APPROXIMATE AN EXTENSION OF THE BENEFITS UNDER THE MAYO PENSION PLAN TO INCOME ABOVE THE INTERNAL REVENUE CODE QUALIFIED PLAN LIMIT IN SECTION 401(A)(17). STARTING JANUARY 1, 2011, ALL SRP BENEFITS ARE PAID AS AN ANNUAL TAXABLE CASH PAYMENT. THE FOLLOWING INDIVIDUALS PARTICIPATED IN OR RECEIVED A PAYMENT FROM THE SUPPLEMENTAL RETIREMENT PLAN. AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AMMASH M.D., NASER M. $115875 AMSTUTZ, GWENDOLYN J. $13870 ARNETT, JENNIFER P. $56461 BROWN M.D., MICHAEL J. $77891 CAINE, NATALIE A. $6540 CALLSTROM M.D., MATTHEW R. $134243 CIMA M.D., ROBERT R. $73176 CLARKE M.D., MICHELLE J. $126086 DAHLEN, DENNIS E. $154039 DIASIO M.D., ROBERT B. $21139 DIDEHBAN, ROSHANAK $70047 DIETER, HEIDI L. $32470 DOWDY M.D., SEAN C. $102361 DUNN, AJANI N. $49169 FAMUYIDE M.B.B.S., ABIMBOLA O. $56973 FARRUGIA M.D., GIANRICO $729310 FONSECA M.D., RAFAEL $90225 FRANCIS, JAMES R. $53767 FRANK M.D., IGOR $57599 GALANIS M.D., EVANTHIA $105592 GAZELKA M.D., HALENA M. $40462 GORES M.D., GREGORY J. $217601 GORMAN, PAUL A. $150267 GRAY M.D., RICHARD J. $382493 HARA M.D., AMY K. $113802 HAYES M.D., SHARONNE N. $69733 HOLTAN, DOUGLAS J. $26400 HORLOCKER M.D., TERESE T. $63062 HUBERT, SHERRY L. $19549 KENDRICK M.D., MICHAEL L. $105487 KHAN M.D., AMIR R. $65981 KHAN, RITA G. $43431 KRAUSS M.D., WILLIAM E. $253291 LANZINO M.D., GIUSEPPE $252171 LEIBOVICH M.D., BRADLEY C. $95223 LOFTUS M.D., CONOR G. $72802 LUETMER M.D., PATRICK H. $90162 MARSH M.D., W. RICHARD $230209 MCLAUGHLIN M.D., SARAH A. $66114 MENKOSKY, PAULA E. $151817 MORICE M.D., WILLIAM G. $127392 MURPHY, JOSHUA B. $242548 NARR M.D., BRADLY J. $49044 NORBY, SUSAN M. $13328 NOSEWORTHY M.D., PETER A. $42514 OTLEY M.D., CLARK C. $170477 PAGNANO M.D., MARK W. $138957 PETERS M.D., STEVE G. $67798 POE, JOHN D. $43844 RIHAL M.D., CHARANJIT S. $132026 SHAH M.D., VIJAY $137551 SPINNER M.D., ROBERT J. $221809 THIELEN M.D., KENT R. $382493 WALD M.D., JOHN T. $103863 WILLIAMS M.D., AMY W. $253223 WILLIAMSON, MARY J. $175269 ZORN, CHRISTINA K. $296155 UNDER MAYO CLINIC'S ROYALTY SHARING POLICY, INVENTORS, INCLUDING LISTED PERSONS, ARE ENTITLED TO SHARE IN A PORTION OF ROYALTIES RECEIVED BY MAYO INCLUDING INSTANCES WHERE SUCH ROYALTIES ARE IN THE FORM OF EQUITY-BASED INSTRUMENTS SUCH AS STOCK, WARRANTS, OR PARTNERSHIP INTERESTS. THE FOLLOWING INDIVIDUALS PARTICIPATED IN AN EQUITY-BASED COMPENSATION ARRANGEMENT: DOWDY M.D., SEAN C. FAMUYIDE M.B.B.S., ABIMBOLA O. KENDRICK M.D., MICHAEL L. NOSEWORTHY M.D., PETER A. RIHAL M.D., CHARANJIT S. SHAH M.D., VIJAY SPINNER M.D., ROBERT J. PART II: COMPENSATION PAID TO BOARD MEMBERS IS PRIMARILY FOR PROFESSIONAL RESPONSIBILITIES AS PHYSICIANS, ADMINISTRATORS, OR EMPLOYEES OF THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

MAYO CLINIC JACKSONVILLE

$346,091,887

SUPPORT CHARITABLE PROGRAMS
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

$266,042,435

SUPPORT CHARITABLE PROGRAMS
MAYO CLINIC ARIZONA

$113,448,437

SUPPORT CHARITABLE PROGRAMS
MCHS--SOUTHWEST MINNESOTA REGION

$73,837,259

SUPPORT CHARITABLE PROGRAMS
MCHS--SOUTHEAST MINNESOTA REGION

$33,379,033

SUPPORT CHARITABLE PROGRAMS
MCHS--FRANCISCAN MEDICAL CENTER INC

$26,865,064

SUPPORT CHARITABLE PROGRAMS
MCHS--NORTHWEST WISCONSIN REGION INC

$3,144,920

SUPPORT CHARITABLE PROGRAMS
UNIVERSITY OF CALIFORNIA SAN FRANCISCO

$2,581,038

SUPPORT RESEARCH PROGRAM
REGENTS OF THE UNIVERSITY OF MINNESOTA

$1,960,832

SUPPORT RESEARCH PROGRAM
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK

$1,619,785

SUPPORT CHARITABLE PROGRAMS

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

BLOOMER LAKEVIEW INC

501(C)(3) · LOW INCOME HOUSING · WI · controlled entity

Directly controlled by MCHS--NORTHWEST WISCONSIN REGION INC
CHARTERHOUSE INC

501(C)(3) · RETIREMENT LIVING CENTER · MN · controlled entity

Directly controlled by MAYO CLINIC
DESTINATION MEDICAL CENTER EDA

501(C)(3) · ECONOMIC DEVELOPMENT · MN · controlled entity

Directly controlled by MAYO CLINIC
MAYO CLINIC AMBULANCE

501(C)(3) · AMBULANCE SERVICE · MN · controlled entity

Directly controlled by MFMER
LUTHER LAKESIDE APARTMENTS INC

501(C)(3) · LOW INCOME HOUSING FOR ELDERLY · WI · controlled entity

Directly controlled by MCHS--NORTHWEST WISCONSIN REGION INC
MAYO CLINIC ARIZONA

501(C)(3) · HOSPITAL AND CLINIC · AZ · controlled entity

Directly controlled by MAYO CLINIC
MAYO CLINIC FLORIDA (A NONPROFIT CORPORATION)

501(C)(3) · HOSPITAL · FL · controlled entity

Directly controlled by MAYO CLINIC JACKSONVILLE
MAYO CLINIC HOSPITAL -- ROCHESTER

501(C)(3) · HOSPITAL · MN · controlled entity

Directly controlled by MAYO CLINIC
MAYO CLINIC JACKSONVILLE

501(C)(3) · PATIENT CARE - CLINIC · FL · controlled entity

Directly controlled by MAYO CLINIC
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

501(C)(3) · CHARITABLE, EDUCATIONAL & SCIENTIFIC ACTIVITIES · MN · controlled entity

Directly controlled by MAYO CLINIC
MCHS--AUSTIN FOUNDATION

501(C)(3) · FUNDRAISING FOUNDATION · MN · controlled entity

Directly controlled by MCHS--SOUTHEAST MINNESOTA REGION
MCHS--FAIRMONT

501(C)(3) · HOSPITAL AND CLINIC · MN · controlled entity

Directly controlled by MCHS--SOUTHWEST MINNESOTA REGION
MCHS--FRANCISCAN MEDICAL CENTER INC

501(C)(3) · HOSPITAL AND CLINIC · WI · controlled entity

Directly controlled by MAYO CLINIC
MCHS--LAKE CITY

501(C)(3) · HOSPITAL · MN · controlled entity

Directly controlled by MAYO CLINIC
MCHS--NORTHWEST WISCONSIN REGION INC

501(C)(3) · HOSPITAL · WI · controlled entity

Directly controlled by MAYO CLINIC
MCHS--SOUTHEAST MINNESOTA REGION

501(C)(3) · HOSPITAL AND CLINIC · MN · controlled entity

Directly controlled by MAYO CLINIC
MCHS--SOUTHWEST MINNESOTA REGION

501(C)(3) · HOSPITAL AND CLINIC · MN · controlled entity

Directly controlled by MAYO CLINIC
MCHS--ST JAMES

501(C)(3) · HOSPITAL AND CLINIC · MN · controlled entity

Directly controlled by MCHS--SOUTHWEST MINNESOTA REGION
ENGEBRETSON FAMILY CHARITABLE TRUST

501(C)(3) · CHARITABLE TRUST · MN
HAZEL HUGHES CHARITABLE TRUST

501(C)(3) · CHARITABLE TRUST · IL
NAEVE HEALTH CARE FOUNDATION

501(C)(3) · FUNDRAISING FOUNDATION · MN
THE HIRSH FAMILY FOUNDATION

501(C)(3) · FUNDRAISING FOUNDATION · MN
DREW FOUNDATION

501(C)(3) · CHARITABLE TRUST · FL
HORMEL FOUNDATION

501(C)(3) · FUNDRAISING FOUNDATION · MN

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

JOHN E HERMAN HOME AND TREATMENT FACILITY LLC

RESIDENTIAL RECOVERY AND TREATMENT FACILITY · MN · income $0 · assets $4,583,104

Directly controlled by MAYO CLINIC
MAYO CLINIC COMMUNITY ACO LLC

ACCOUNTABLE CARE ORGANIZATION · MN · income $0 · assets $192,161

Directly controlled by MAYO CLINIC
MC INTERNATIONAL LLC

CONTRACTING SERVICES · MN · income $7,997,838 · assets $105,231,472

Directly controlled by MAYO CLINIC
MC PROPERTY HOLDINGS LLC

REAL ESTATE · MN · income $0 · assets $0

Directly controlled by MAYO CLINIC
FRANKLIN HEATING STATION LLC

UTILITY · MN · income $1,200,249 · assets $56,088,504

Directly controlled by MAYO CLINIC
MCHS--DECORAH CLINIC PHYSICIANS LLC

PATIENT CARE - CLINIC · WI · income $12,761,090 · assets $8,454,065

Directly controlled by MAYO CLINIC
KAHG LLC

REAL ESTATE · AZ · income $0 · assets $0

Directly controlled by MAYO CLINIC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

LATIGO PETROLEUM LLC

UNRELATED · OIL & GAS EXPLORATION · DE · 65% owned · share of income $16,589,586 · share of assets $65,388,688 · general or managing partner

Directly controlled by MAYO CLINIC
MAYO CLINIC HEALTHCARE LLP

UNRELATED · HEALTHCARE · UK

Directly controlled by MAYO CLINIC (UK) LTD

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

MAYO CLINIC SUPPORT SERVICES TEXAS

C · HEALTH SERVICES · TX · 100% owned · share of income $49,978 · share of assets $95,923 · controlled entity

Directly controlled by MAYO CLINIC
MAYO CLINIC UK LTD

C · INVESTMENT ACTIVITIES · UK · 100% owned · share of income -$17,638 · share of assets $76,911,557 · controlled entity

Directly controlled by MAYO CLINIC
MAYO HOLDING COMPANY

C · HOLDING COMPANY · MN · 100% owned · share of income $288,030 · share of assets $44,142,801 · controlled entity

Directly controlled by MAYO CLINIC
MAYO INSURANCE COMPANY LTD

C · SELF INSURANCE POOL · CJ · 100% owned · share of income $35,018,311 · share of assets $198,790,234 · controlled entity

Directly controlled by MAYO CLINIC
RESOUNDANT INC

C · MANUFACTURING MEDICAL DEVICE COMPONENT · MN · controlled entity

Directly controlled by MFMER
ROCHESTER AIRPORT COMPANY

C · AIRPORT MANAGEMENT · MN · controlled entity

Directly controlled by MAYO HOLDING COMPANY
SUPERBLOCK 3 PROPERTY OWNERS ASSOCIATION

C · COMMERCIAL PROPERTY OWNERS ASSOCIATION · AZ · controlled entity

Directly controlled by MAYO CLINIC ARIZONA
THE STABILE BUILDING OWNERS' ASSOCIATION

C · COMMERCIAL PROPERTY OWNERS ASSOCIATION · MN · 85% owned · controlled entity

Directly controlled by MAYO CLINIC
MC ALLIANCE LTD

C · HEALTHCARE AND ADMINISTRATIVE SERVICES · CJ · 100% owned · share of income $27,708,401 · share of assets $25,683,104 · controlled entity

Directly controlled by MC INTERNATIONAL
MAYO CLINIC UK 2 LTD

C · INVESTMENT ACTIVITIES · UK · controlled entity

Directly controlled by MAYO CLINIC UK LTD
MC HEALTHCARE SERVICES INDIA PRIVATE LIMITED

C · HEALTHCARE AND ADMINISTRATIVE SERVICES · IN · 99.9% owned · share of assets $20,702 · controlled entity

Directly controlled by MC INTERNATIONAL
MAYO COLLABORATIVE SERVICES INC

C · REFERENCE LAB SERVICES · DE · 100% owned · share of income $452,403,724 · share of assets $292,462,397 · controlled entity

Directly controlled by MAYO CLINIC
SENDERO BIOTECHNOLOGY INC

C · BIOTECHNOLOGY DEVELOPMENT · DE · 79.6% owned · share of assets $42,833 · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE LEAD TRUST

T · CHARITABLE TRUST · CA · 89% owned · share of income $1,829,459 · share of assets $10,372,222 · controlled entity

Directly controlled by MAYO CLINIC
PERPETUAL TRUST

T · CHARITABLE TRUST · LA · 100% owned · share of income $120,274 · share of assets $1,966,326 · controlled entity

Directly controlled by MAYO CLINIC
PERPETUAL TRUST (2)

T · CHARITABLE TRUST · MA · controlled entity

Directly controlled by MAYO CLINIC
PERPETUAL TRUST

T · CHARITABLE TRUST · MO · 100% owned · share of income $8,541 · share of assets $178,153 · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · AZ · 60% owned · share of assets $152,680 · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · CO · 100% owned · share of assets $838,371 · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST (4)

T · CHARITABLE TRUST · FL · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · MA · 100% owned · share of assets $204,187 · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST (100)

T · CHARITABLE TRUST · MN · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST (2)

T · CHARITABLE TRUST · NC · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST (2)

T · CHARITABLE TRUST · NV · controlled entity

Directly controlled by MAYO CLINIC
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · TX · 100% owned · share of assets $560,137 · controlled entity

Directly controlled by MAYO CLINIC
PERPETUAL TRUST

T · CHARITABLE TRUST · ND · controlled entity

Directly controlled by MFMER
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · CO · controlled entity

Directly controlled by MFMER
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · FL · controlled entity

Directly controlled by MFMER
CHARITABLE REMAINDER TRUST

T · CHARITABLE TRUST · MI · controlled entity

Directly controlled by MFMER
CHARITABLE REMAINDER TRUST (39)

T · CHARITABLE TRUST · MN · controlled entity

Directly controlled by MFMER
CHARITABLE REMAINDER TRUST (6)

T · CHARITABLE TRUST · MN · controlled entity

Directly controlled by MCHS--SOUTHWEST MINNESOTA REGION

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.1
Source object: 202433209349305418

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