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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Mayo Clinic

Mayo Clinic

Fiscal year ending 2019. Filed on November 16, 2020.

200 First Street SW No Tax
Reservoir Rd NW
Rochester, Minnesota 55905

Mayo Clinic (EIN: 41-6011702) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Mayo Clinic, a 501(c)(3) charitable organization, reported compensation for 74 out of 26,211 total employees. Among the employees shown here, the average compensation is $851,904. The highest compensated employee at Mayo Clinic is Farrugia M.D. Gianrico with fiscal year 2019 compensation of $2,775,160.

Revenue, expenses, and employee compensation

Revenue

$6,819,422,921

Expenses

$5,684,760,529

Employee compensation

$2,716,211,079
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Farrugia M.D. Gianrico
President and Chief Executive Officer and Trustee
$2,775,160
$0 $2,685,375 $89,785
Gostout M.D. Bobbie S
Vice President and Trustee
$1,856,964
$0 $1,755,460 $101,504
Bolton Jeffrey W
Vice President and Trustee
$1,734,382
$0 $1,644,114 $90,268
Hoffman III Harry N
Treasurer
$1,630,275
$0 $1,550,323 $79,952
Harper Jr M.D. Charles M
Trustee
$1,499,834
$0 $1,463,746 $36,088
Krauss M.D. William E
Physician
$1,483,091
$1,392,074 No related comp$91,017
Thielen M.D. Kent R
Vice President and Trustee
$1,416,237
$0 $1,327,476 $88,761
Lanzino M.D. Giuseppe
Physician
$1,405,250
$1,322,691 No related comp$82,559
Meyer M.D. Fredric B
Former Key Employee
$1,354,563
$0 $1,308,005 $46,558
Gorman Paul A
Assistant Treasurer
$1,347,481
$0 $1,257,031 $90,450
Marsh M.D. W Richard
Physician
$1,346,048
$1,310,323 No related comp$35,725
Clarke M.D. Michelle J
Physician
$1,324,464
$1,261,446 No related comp$63,018

Benchmark Employee Compensation

Non-Employee Board Members

Peretsman Nancy B
Trustee
$65,400
$0 $65,400 No other comp
Alix Jay
Trustee
$24,241
$0 $24,241 No other comp
Powell Michael K
Trustee
$8,909
$0 $8,909 No other comp
George William W
Trustee
$7,583
$0 $7,583 No other comp
Steer M.D. Randolph C
Trustee
$4,975
$0 $4,975 No other comp
Sweeney Anne M
Trustee
$3,405
$0 $3,405 No other comp
Coleman Mary Sue
Trustee
$3,156
$0 $3,156 No other comp
Di Piazza Jr Samuel A
Trustee Chair
$2,788
$0 $2,788 No other comp
Bilicic George W
Trustee
$2,551
$0 $2,551 No other comp
Alvarado Linda G
Trustee
$1,986
$0 $1,986 No other comp
Mulally Alan R
Trustee
No compensation reported
Halvorson George C
Trustee
No compensation reported

Contractors

Mayo Foundation for Medical Education &
Procurement and Med Support
$489,372,754
Mayo Clinic Jacksonville
Medical Support
$3,247,799

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 Mayo Clinic 990 filed
November 15, 2024:
2023 Mayo Clinic 990 filed
November 14, 2023:
2022 Mayo Clinic 990 filed

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