Mayo Foundation for Medical Education and Research

Nonprofit profile at a glance

EIN
411506440
IRS 990-T coverage
2020–2024
Forms available
Form 990 2014, Form 990-T 2024
Location
Rochester, MN, USA
Phone
5075381297
Rating confidence
Limited
Sector
Community Health Systems

Reported finances

Revenue
$64,118,949
Expenses
$82,941,957

Source: IRS Form 990-T. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Community Health Systems

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- This return only reports unrelated business income. Use the main filing to assess the organization as a whole.

Rating breakdown

    Details

    • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
    • Activities: Unrelated business income $56.5M · Business deductions $82.9M
    • Consistency: 16 of 16 current checks pass
    • Filing history: 5 filing years from 2020 to 2024
    • Contacts: How to reach this organization
    • Money network: 46 filed money-flow records
    • Related organizations: 65 filed related-organization links
    • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
    • People: Everyone the filings name, and which of them the filings identify by more than a name.