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Employer Identification Number 41-1506440

MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
Employer identification number (EIN):41-1506440
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF MAYO CLINIC
Number of Employees7613
Number of Volunteers0
Year Formed1915

Organization Governance

Legal DomicileMN
Voting Members - Governing Body6
Voting Members - Independent0

Organization Financials

2014-12-31
Total unrelated business incomeUSD $ 18,875,247
Net unrelated business incomeUSD $ 4,577,277
Program Service Revenue from prior yearUSD $ 1,060,285,704
Program Service Revenue from current yearUSD $ 1,165,471,498
Investment Income from prior yearUSD $ 1,926,184
Investment Income from current yearUSD $ 5,396,665
Other Revenue from prior yearUSD $ 1,939,354
Other Revenue from current yearUSD $ 2,416,599
Gross receipts from all sourcesUSD $ 1,180,635,035
Net assets / fund balances at end of fiscal yearUSD $ 181,710,240
Net assets / fund balances at beginning of fiscal yearUSD $ 146,788,956
Total liabilities at end of fiscal yearUSD $ 1,637,312,039
Total liabilities at beginning of fiscal yearUSD $ 1,658,802,548
Total assets at end of fiscal yearUSD $ 1,819,022,279
Total assets at beginning of fiscal yearUSD $ 1,805,591,504
Revenues less expenses for current yearUSD $ 37,012,084
Revenues less expenses for previous yearUSD $ 6,734,691
Total expenses for current yearUSD $ 1,143,526,039
Total expenses for previous yearUSD $ 1,062,749,709
Other expenses in current yearUSD $ 596,081,795
Other expenses in previous yearUSD $ 471,131,317
Total fundraising expenses in current yearUSD $ 1,102,285
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 542,182,318
Employee salary and benefits paid in previous yearUSD $ 591,535,829
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 5,261,926
Grants and similar amounts paid in previous yearUSD $ 82,563
Total revenue in current fiscal yearUSD $ 1,180,538,123
Total revenue in previous fiscal yearUSD $ 1,069,484,400
Contributions and grants from current yearUSD $ 7,253,361
Contributions and grants from previous yearUSD $ 5,333,158
Total of other revenueUSD $ 2,416,599

Other Company Names associated with EIN

Mayo Foundation for Medical Education

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 411506440

USA Mailing Address
200 FIRST STREET SW
ROCHESTER
MN
55905
Date first seen: 2009-01-01
Date last seen: 2023-12-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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