Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 01-01-2014 , and ending 12-31-2014
BCheck if applicable:
CName of organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
200 FIRST STREET SW
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROCHESTER, MN55905
D Employer identification number

41-1506440
E Telephone number

G Gross receipts $ 1,180,635,035
F Name and address of principal officer:
WILLIAM J LITCHY MD
200 FIRST STREET SW
ROCHESTER,MN55905
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.MAYO.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet5983
K Form of organization:
 
L Year of formation: 1915
M State of legal domicile: MN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF MAYO CLINIC
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 6
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 0
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 7,613
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 18,875,247
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 4,577,277
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 5,333,158 7,253,361
9 Program service revenue (Part VIII, line 2g) ......... 1,060,285,704 1,165,471,498
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 1,926,184 5,396,665
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,939,354 2,416,599
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 1,069,484,400 1,180,538,123
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 82,563 5,261,926
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 591,535,829 542,182,318
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,102,285    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 471,131,317 596,081,795
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,062,749,709 1,143,526,039
19 Revenue less expenses. Subtract line 18 from line 12....... 6,734,691 37,012,084
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,805,591,504 1,819,022,279
21 Total liabilities (Part X, line 26)............. 1,658,802,548 1,637,312,039
22 Net assets or fund balances. Subtract line 21 from line 20..... 146,788,956 181,710,240
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s 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.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 717,105,498 including grants of $ 5,261,926 ) (Revenue $ 841,090,662 )
SUPPORT SERVICES (SEE SCHEDULE O)SUPPORT SERVICES:MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH (MFMER) PARTICIPATES IN THE DIRECTION AND GUIDANCE OF MEDICAL CLINICS OPERATED BY MAYO CLINIC. THESE INCLUDE MAYO CLINIC, LOCATED IN ROCHESTER, MINNESOTA, AS WELL AS SEPARATE, NONPROFIT MEDICAL CLINICS OPERATED BY MAYO CLINIC IN JACKSONVILLE, FLORIDA; SCOTTSDALE, ARIZONA; EAU CLAIRE, LA CROSSE AND MENOMONIE, WISCONSIN; ALBERT LEA, AUSTIN, CANNON FALLS, FAIRMONT, FARIBAULT, LAKE CITY, MANKATO, NEW PRAGUE, OWATONNA, RED WING, ST. JAMES, SPRINGFIELD, WABASHA AND WASECA, MINNESOTA; DECORAH, IOWA AND WAYCROSS, GEORGIA. MFMER'S RELATIONSHIP WITH THESE CLINICS IS TO ENSURE THE HIGHEST QUALITY STANDARDS OF PATIENT CARE AND PATIENT DATA ESTABLISHED AT MAYO CLINIC ARE CONSISTENT THROUGHOUT THE MAYO CLINIC SYSTEM SO THAT THE RESEARCH AND EDUCATIONAL PURPOSES OF MAYO CLINIC CAN BE ACCOMPLISHED. THE EXTENSION OF THE RESEARCH, EDUCATION AND PATIENT CARE LEADERSHIP ROLE ASSOCIATED WITH MAYO CLINIC INTO AREAS OUTSIDE OF ROCHESTER CREATES USEFUL AND OTHERWISE UNAVAILABLE COMPARATIVE RESEARCH AND EDUCATIONAL OPPORTUNITIES TO FURTHER MAYO'S EXEMPT PURPOSE.MFMER ALSO PROVIDES PAYROLL, PURCHASING, SALARY & BENEFIT ADMINISTRATION AND OTHER MISCELLANEOUS SUPPORT SERVICES FOR MAYO CLINIC AND AFFILIATES.
4b (Code:   ) (Expenses $ 209,153,112 including grants of $   ) (Revenue $ 226,767,701 )
PHARMACIES AND MEDICAL PRODUCTS (SEE SCHEDULE O)PHARMACIES AND MEDICAL PRODUCTS:IN ORDER TO CONVENIENTLY ACCOMMODATE THE NEEDS OF PATIENTS AND EMPLOYEES OF MAYO CLINIC, MFMER OPERATES SEVEN PHARMACIES AND THREE MEDICAL PRODUCT STORES AT MAYO CLINIC SITES. IN 2014, 1,076,122 PRESCRIPTIONS AND 124,500 MEDICAL PRODUCT ORDERS WERE FILLED FOR MAYO CLINIC EMPLOYEES, RETIREES, AND PATIENTS. THESE OPERATIONS ARE NOT INTENDED TO SERVE THE GENERAL PUBLIC.
4c (Code:   ) (Expenses $ 58,746,541 including grants of $   ) (Revenue $ 42,465,722 )
HEALTH INFORMATION (SEE SCHEDULE O)HEALTH INFORMATION:MFMER IS USED AS A MEANS OF MAKING AVAILABLE TO THE MEDICAL COMMUNITY AND TO THE GENERAL PUBLIC THE RESULTS OF MAYO'S RESEARCH AND EDUCATION PROGRAMS. GLOBAL BUSINESS SOLUTIONS HAS SERVICE LINES ENCOMPASSING THE WEB, MOBILE, PRINT AND TELEPHONIC CHANNELS THAT MAKE MAYO CLINICS HEALTH INFORMATION, EXPERTISE AND UNIQUE MODEL OF CARE AVAILABLE TO MILLIONS OF PEOPLE.DURING 2014, MFMER SOLD 6,682,362 COPIES OF THE MAYO CLINIC HEALTH LETTER. THE HEALTH LETTER IS A MONTHLY NEWSLETTER CONTAINING USEFUL HEALTH INFORMATION FOR THE GENERAL PUBLIC.MFMER SOLD 280,998 COPIES OF THE MAYO CLINIC EMBODYHEALTH NEWSLETTER. MOST OF THE COPIES WERE SOLD TO EMPLOYERS AND MEMBER ORGANIZATIONS AS PART OF MFMER'S CORPORATE WELLNESS PROGRAM. THIS PROGRAM IS DESIGNED TO MEET THE SPECIFIC POPULATION HEALTH MANAGEMENT NEEDS OF EMPLOYERS AND MEMBER ORGANIZATIONS. THE EMBODYHEALTH NEWSLETTER PROVIDES HEALTH INFORMATION TO THE SUBSCRIBING ORGANIZATION'S EMPLOYEES AND MEMBERS. THE EMBODYHEALTH NEWSLETTER ENDED IN FEBRUARY 2014.MFMER ALSO SELLS NUMEROUS BOOKS ON HEALTH RELATED TOPICS. DURING 2014, MFMER SOLD 448,577 COPIES OF BOOKS ON HEALTH RELATED TOPICS TO CONSUMERS AND EMPLOYERS. MFMER ALSO OPERATES MAYO'S INFORMATIONAL CONSUMER WEBSITE, MAYOCLINIC.COM, WHICH HAS THOUSANDS OF VISITORS DAILY.ASK MAYO CLINIC, A TELEPHONIC HEALTH RESOURCE ADMINISTERED BY MFMER IS A STRATEGIC RESOURCE AVAILABLE TO EMPLOYERS TO OFFER TO THEIR EMPLOYEES. THIS 24-HOUR NURSE LINE AND HEALTH ADVOCACY SERVICE IS STAFFED BY EXPERIENCED REGISTERED NURSES WHO DRAW ON THE RESOURCES OF MAYO CLINIC TO HELP PEOPLE CHOOSE THE RIGHT LEVEL OF CARE FOR ILLNESSES AND INJURIES, AND ACCESS APPROPRIATE RESOURCES FOR THEIR PERSONAL HEALTH NEEDS.OTHER TELEPHONIC HEALTH RESOURCES ADMINISTERED BY MFMER TO EMPLOYERS TO OFFER TO THEIR EMPLOYEES INCLUDE: HEALTHY LIVING COACHING, DISEASE MANAGEMENT, AND PREGNANCY ADVISOR. HEALTHY LIVING ONLINE IS THE WEB PRODUCT SOLD TO EMPLOYERS WHICH INCLUDES AN ONLINE HEALTH ASSESSMENT.
(Code:   ) (Expenses $ 26,999,060 including grants of $   ) (Revenue $ 56,864,215 )
LICENSING OF TECHNOLOGY:MAKING THE RESULTS OF RESEARCH AND TECHNOLOGY DEVELOPED THROUGHOUT MAYO CLINIC AVAILABLE TO THE PUBLIC IS ANOTHER FUNCTION OF MFMER. THIS IS ACCOMPLISHED THROUGH LICENSING ARRANGEMENTS WITH OTHERS HAVING THE CAPABILITY TO DISTRIBUTE THE TECHNOLOGY TO THE MEDICAL COMMUNITY AND THE GENERAL PUBLIC. DURING 2014, MFMER SIGNED 91 LICENSES WITH COMPANIES TO DISTRIBUTE MAYO CLINIC TECHNOLOGY AND INVENTIONS. IN EXCHANGE FOR THESE LICENSES, MFMER RECEIVES ROYALTIES BASED ON GROSS REVENUES GENERATED FROM THE PRODUCTS DEVELOPED FROM THE LICENSED TECHNOLOGY OR INVENTION. THE REVENUES FROM THESE ROYALTIES ARE USED TO FURTHER THE RESEARCH AND EDUCATIONAL ACTIVITIES OF MAYO CLINIC.MAYO CLINIC VENTURES (MCV) WORKS WITH INVENTORS AND INDUSTRY TO MOVE INNOVATIONS FROM BENCH TO BEDSIDE BY CREATING NEW LICENSING OPPORTUNITIES, NEW COMPANIES AND NEW PRODUCTS. MCV HAS FILED MORE THAN 5575 PATENT APPLICATIONS RESULTING IN MORE THAN 752 ACTIVE LICENSE AGREEMENTS WITH COMPANIES IN THE BIOMEDICAL AND MANUFACTURING INDUSTRIES.TECHNOLOGY BASED VENTURES (TBV): WHEN CLEARLY DEFINED CRITERIA ARE MET, A TECHNOLOGY MAY BE CONSIDERED FOR THE OFFICE OF INTELLECTUAL PROPERTY'S TECHNOLOGY BASED VENTURES (TBV) PROGRAM, WHICH COMMERCIALIZES A TECHNOLOGY IN EXCHANGE FOR EQUITY AND ACTS AS A VEHICLE FOR A POSSIBLE MAYO CLINIC INVESTMENT INTO A START-UP COMPANY. THE TECHNOLOGY-BASED VENTURES PROGRAM FOCUSES ON COMMERCIALIZING MAYO CLINIC TECHNOLOGIES BY CREATING NEW COMPANIES, LICENSING TECHNOLOGIES INTO EXISTING START-UP COMPANIES, AND INVESTING IN VENTURE CAPITAL-BACKED COMPANIES. THIS WORK IS DONE IN CLOSE PARTNERSHIP WITH MAYO TREASURY, VENTURE CAPITAL FIRMS AND MANAGEMENT TEAMS THAT HAVE SIGNIFICANT EXPERIENCE IN THE HEALTH CARE INDUSTRY.AS PART OF THIS EFFORT, THE TECHNOLOGY-BASED VENTURES PROGRAM MANAGES A VENTURE CAPITAL INVESTMENT FUND. THE PROGRAM CO-INVESTS WITH LEADING VENTURE CAPITAL FIRMS IN HEALTH CARE TECHNOLOGY COMPANIES AND SEEKS TO PROVIDE A FINANCIAL RETURN TO MAYO CLINIC TO SUPPORT PATIENT CARE, RESEARCH AND EDUCATION. SINCE 1996, THE PROGRAM HAS INVESTED IN OVER TWO-DOZEN COMPANIES THAT ARE BASED ON MAYO CLINIC TECHNOLOGY OR UTILIZE MAYO CLINIC EXPERTISE. DURING 2013 THE FUND WAS REORGANIZED AND NAMED AS MAYO CLINIC CO-INVESTMENT FUND. THE FUND NOW HAS APPROVAL TO INVEST UP TO $100 MILLION. THE FUND OPERATES IN A COLLABORATIVE RELATIONSHIP BETWEEN MAYO CLINIC VENTURES AND MAYO CLINIC TREASURY SERVICES.
4d Other program services (Describe in Schedule O.)
(Expenses $ 26,999,060 including grants of $   ) (Revenue $ 56,864,215 )
4e Total program service expensesMediumBullet1,012,004,211
Form 990 (2014)
Form 990 (2014)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment........
4
Yes
 
5
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? If "Yes," complete Schedule C,
Part IIIClick to see attachment............................
5
 
No
6
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? If "Yes," complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
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)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
Yes
 
b
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? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
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? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I.... Click to see attachment
25a
 
No
b
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? If "Yes," complete Schedule L, Part I................... Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................ Click to see attachment
26
 
No
27
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? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV..................... Click to see attachment
28b
Yes
 
c
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? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
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? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
4,812
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter 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 return ..................
2a
7,613
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
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)?..........................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletMX , MP
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
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?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
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?....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
6
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
0
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
Yes
 
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
 
No
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
 
No
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
MN , CA , KY
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletCORPORATE TAX UNIT

200 FIRST STREET SW
ROCHESTER,MN55905 (507) 538-1297
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) ADKINS JR KEDRICK D........................................................................
DIRECTOR (8/25-12/31)
 40.00
.......................0.00 		X           638,707 0 14,024
(2) LIENAU MARTY A........................................................................
DIRECTOR
 40.00
.......................0.00 		X           106,379 0 25,682
(3) LINDAHL ROGER A........................................................................
ASST SECY/DIRECTOR
 40.00
.......................0.00 		X   X       261,023 0 70,089
(4) LITCHY MD WILLIAM J........................................................................
PRESIDENT/DIRECTOR
 1.00
.......................40.00 		X   X       0 318,929 19,267
(5) MATTHIAS MARK A........................................................................
ASST TREAS/DIRECTOR
 40.00
.......................0.00 		X   X       230,883 0 57,919
(6) ROGERS JAMES A........................................................................
ASST SECY/DIRECTOR
 40.00
.......................0.00 		X   X       276,580 0 51,423
(7) SANDEEN DARRELL L........................................................................
VP (1/1-12/31)/DIRECTOR (1/1-8/25)
 40.00
.......................0.00 		X   X       315,701 0 60,060
(8) BRIGHAM ROBERT F........................................................................
ASST SECY
 1.00
.......................40.00 		    X       0 505,135 27,292
(9) BROWN MARIE E........................................................................
ASST TREAS (12/11-12/31)
 1.00
.......................40.00 		    X       0 295,976 27,963
(10) BROWN MICHAEL E........................................................................
ASST SECY
 40.00
.......................0.00 		    X       216,534 0 35,954
(11) BROWN WILLIAM A........................................................................
ASST TREAS
 40.00
.......................0.00 		    X       217,637 0 61,140
(12) ESTES DANIEL D........................................................................
ASST TREAS
 40.00
.......................0.00 		    X       173,957 0 44,342
(13) FRANCIS JAMES R........................................................................
ASST TREAS
 40.00
.......................0.00 		    X       354,558 0 68,273
(14) FROISLAND JEFFREY R........................................................................
ASST TREAS
 40.00
.......................0.00 		    X       281,615 0 43,320
(15) GOLDMAN DANIEL S........................................................................
ASST SECY
 40.00
.......................0.00 		    X       201,667 0 46,733
(16) HERBERT DAVID P........................................................................
ASST TREAS (1/1-12/11)
 40.00
.......................0.00 		    X       277,143 0 68,510
(17) HOFFMAN III HARRY N........................................................................
TREASURER
 1.00
.......................40.00 		    X       0 1,233,548 601,586
Form 990 (2014)
Form 990 (2014)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) HOFFMAN MARY J........................................................................
ASST SECY
 1.00
.......................40.00 		    X       0 355,974 61,018
(19) HUBERT SHERRY L........................................................................
ASST SECY
 40.00
.......................0.00 		    X       246,816 0 53,601
(20) LOHKAMP CHRISTIE A........................................................................
ASST TREAS
 40.00
.......................0.00 		    X       217,597 0 36,647
(21) MELVIN KEVIN B........................................................................
ASST SECY
 1.00
.......................40.00 		    X       0 175,617 47,164
(22) MENKOSKY PAULA E........................................................................
ASST TREAS
 1.00
.......................40.00 		    X       0 442,259 55,822
(23) OTTE KIMBERLY K........................................................................
ASST SECY
 40.00
.......................0.00 		    X       230,430 0 50,915
(24) OVIATT JONATHAN J........................................................................
SECRETARY
 40.00
.......................0.00 		    X       603,409 0 74,395
(25) SCHMIDT BRADLEY D........................................................................
ASST TREAS (1/1-4/15)
 40.00
.......................0.00 		    X       98,733 0 31,923
(26) BOLTON JEFFREY W........................................................................
CAO - MAYO CLINIC
 40.00
.......................0.00 		      X     904,718 0 63,247
(27) COLLINS CRAIG C........................................................................
CHAIR FINANCE MIDWEST
 40.00
.......................0.00 		      X     281,893 0 64,399
(28) GROSSET JESSICA A........................................................................
VICE CHAIR IT OPS AND INFRAST
 40.00
.......................0.00 		      X     307,600 0 23,440
(29) LANGSTRAAT HARLAN J........................................................................
FORMER PHARMACY CHAIR
 40.00
.......................0.00 		      X     253,340 0 64,831
(30) MCNEILL STEVEN L........................................................................
CHIEF PLANNING OFFICER
 40.00
.......................0.00 		      X     364,103 0 56,714
(31) NELMS JAMES C........................................................................
CHIEF INFO SECURITY OFFICER
 40.00
.......................0.00 		      X     316,403 0 62,442
(32) NOSEWORTHY MD JOHN H........................................................................
CEO MAYO CLINIC
 40.00
.......................0.00 		      X     2,267,774 0 68,888
(33) RAGSDALE JILL M........................................................................
CHIEF HUMAN RESOURCES OFFICER
 40.00
.......................0.00 		      X     550,861 0 53,867
(34) ROSS CHRISTOPHER J........................................................................
CHIEF INFORMATION OFFICER
 40.00
.......................0.00 		      X     605,584 0 61,634
(35) ROTTY BRIAN W........................................................................
GBS SERVICE LINE ADMINISTRATOR
 40.00
.......................0.00 		      X     217,961 0 55,990
(36) RYAN MICHAEL J........................................................................
CHAIR - DEPT OF IT
 40.00
.......................0.00 		      X     346,695 0 52,664
(37) WESTON JOHN H........................................................................
CHIEF MARKETING OFFICER
 40.00
.......................0.00 		      X     359,765 0 65,341
(38) WILLIAMSON MARY J........................................................................
CHAIR - DEPT OF PRACTICE ADMIN
 1.00
.......................40.00 		      X     12,095 390,385 48,271
(39) ABDEL MD MATTHEW P........................................................................
PHYSICIAN
 1.00
.......................40.00 		        X   51,907 326,037 27,136
(40) ALLAN ROBERTA M........................................................................
CHAIR OF DEVELOPMENT - ARIZONA
 40.00
.......................0.00 		        X   327,237 0 7,871
(41) KNUDSON STEVE L........................................................................
CHAIR CON/PAY RELATIONS
 40.00
.......................0.00 		        X   274,340 0 24,723
(42) SEINOLA SCOTT A........................................................................
CHAIR - DEPT OF EDUC ADMIN
 1.00
.......................40.00 		        X   181,436 101,195 23,246
(43) TRASTEK MD VICTOR F........................................................................
FORMER CEO - ARIZONA
 40.00
.......................0.00 		        X   813,866 0 51,509
(44) EDWARDS MD BROOKS S........................................................................
FMR PRESIDENT
 0.00
.......................40.00 		          X 0 467,297 70,366
(45) KOCH MARK B........................................................................
FMR ASST SECY
 0.00
.......................40.00 		          X 0 395,727 18,025
(46) WEIS SHIRLEY A........................................................................
FMR ASST TREAS
 0.00
.......................0.00 		          X 1,478,614 0 51,706
(47) CASEY MICHAEL A........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 209,235 0 48,352
(48) CROFT CHERYL R........................................................................
FORMER KEY EMPLOYEE
 0.00
.......................40.00 		          X 0 234,574 52,447
(49) JORGENSEN STEVEN C........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 119,900 0 44,984
(50) STEVENS JEFFREY J........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 206,151 0 48,601
(51) BRODERSEN MD MARK P........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 800,356 27,708
(52) CAGIN DO CHARLES R........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 693,125 17,638
(53) CALAMIA MD KENNETH T........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 402,814 20,877
(54) FOGELSON MD JEREMY L........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 711,714 44,935
(55) LETTIERI MD SALVATORE C........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 531,852 56,699
(56) MEYERS MD MICHAEL S........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 560,865 51,199
(57) PAMULAPATI MD KRISHNA M........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 580,326 62,807
(58) SINGH MD MANDEEP........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 651,520 62,902
(59) TAK MD TAHIR........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 569,224 73,383
(60) VAN GOMPEL MD JAMIE J........................................................................
FORMER HIGHEST COMPENSATED
 0.00
.......................40.00 		          X 0 575,070 43,655
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 15,400,847 11,319,519 3,407,559
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet1,332
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
HUNT CONSTRUCTION GROUP INC

6720 N SCOTTSDALE RD STE 300
SCOTTSDALE,AZ85253 		CONSTRUCTION 37,045,645
HITACHI AMERICA LTD

50 PROSPECT AVE
TARRY TOWN,NY10591 		TECHNOLOGY SERVICES 27,233,767
BOLDT CONSTRUCTION

2525 N ROEMER RD
APPLETOWN,WI54912 		CONSTRUCTION 21,853,298
SODEXO INC

1615 BRET RD
NEW CASTLE,DE19720 		FOOD SERVICES 21,268,660
PEOPLECLICK INC

434 FAYETTEVILLE ST STE 900
RALEIGH,NC27601 		HR SERVICES 20,129,810
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet963
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d 7,253,361
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 7,253,361
Program Service RevenueAmt Business Code
2a SUPPORT SERVICES 561000 839,373,860 832,878,497 5,644,711 850,652
b PHARMACY REVENUE 446110 212,289,186 210,692,896 1,596,290  
c ROYALTY REVENUE 541900 56,864,215 56,864,215    
d HEALTH INFORMATION REV 511190 42,465,722 31,777,895 10,086,484 601,343
e MEDICAL PRODUCT SALES 446199 14,478,515 13,089,120 1,389,395  
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,165,471,498
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 5,486,135     5,486,135
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet        
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory   7,442
b Less: cost or other basis and sales expenses   96,912
c Gain or (loss)   -89,470
d Net gain or (loss)..........MediumBullet -89,470     -89,470
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a MISC. REVENUE 900099 1,173,418 1,599,382 -590,399 164,435
b MISC CONSULTING SERVIC 541610 746,322   746,322  
c MAYO MEDICAL TRANSPORT 621990 437,686 109,421   328,265
d All other revenue .... 59,173 8,000 2,444 48,729
e Total. Add lines 11a–11d ...... MediumBullet 2,416,599
12 Total revenue. See Instructions......MediumBullet 1,180,538,123 1,147,019,426 18,875,247 7,390,089
Form 990 (2014)
Form 990 (2014)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 5,260,414 5,260,414
2 Grants and other assistance to domestic individuals. See Part IV, line 22 .... 1,512 1,512
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............    
4 Benefits paid to or for members ....    
5 Compensation of current officers, directors, trustees, and key employees .... 13,353,218 13,353,218    
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 3,047,203 3,047,203    
7 Other salaries and wages .... 411,676,791 411,676,791    
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 8,457,008 8,457,008    
9 Other employee benefits ....... 70,724,514 70,724,514    
10 Payroll taxes ........... 34,923,584 34,923,584    
11 Fees for services (non-employees):        
a Management ...... 801,674 801,674    
b Legal ......... 5,331,805 5,331,805    
c Accounting ........... 1,736,704 1,736,704    
d Lobbying ........... 1,248,391 1,248,391    
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ......        
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 99,117,909 99,117,909    
12 Advertising and promotion .... 9,408,129 9,408,129    
13 Office expenses ....... 273,743,761 273,743,761    
14 Information technology ...... 63,724,726 63,724,726    
15 Royalties .. 16,856,263 16,856,263    
16 Occupancy ........... 50,247,001 50,247,001    
17 Travel ............ 8,462,317 8,462,317    
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 633,247 633,247    
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 50,767,991 50,767,991    
23 Insurance .............. 11 11    
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a OVERHEAD TO AFFILIATE 127,114,794   127,114,794  
b EMPLOYEE RELATED EXPENS 5,961,176 5,961,176    
c MN CARE TAX 2,169,897 2,169,897    
d UBI TAXES 1,819,749   1,819,749  
e All other expenses -123,063,750 -125,651,035 1,485,000 1,102,285
25 Total functional expenses. Add lines 1 through 24e 1,143,526,039 1,012,004,211 130,419,543 1,102,285
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 473,090,918 1 486,854,820
2 Savings and temporary cash investments ......... 23,600,464 2 1
3 Pledges and grants receivable, net ...........   3  
4 Accounts receivable, net ............. 53,055,956 4 57,198,056
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net ............. 194,891,006 7 194,906,561
8 Inventories for sale or use .............. 31,279,862 8 41,009,985
9 Prepaid expenses and deferred charges .......... 32,528,804 9 36,307,845
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 589,380,846
b Less: accumulated depreciation ..... 10b 450,106,352 122,353,469 10c 139,274,494
11 Investments—publicly traded securities .......... 4,673,400 11 5,269,817
12 Investments—other securities. See Part IV, line 11 ..... 44,003,881 12 47,699,900
13 Investments—program-related. See Part IV, line 11 .....   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 826,113,744 15 810,500,800
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 1,805,591,504 16 1,819,022,279
Liabilities 17 Accounts payable and accrued expenses ......... 806,174,783 17 814,536,860
18 Grants payable .................   18  
19 Deferred revenue ................ 24,437,803 19 12,321,444
20 Tax-exempt bond liabilities .............   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 828,189,962 25 810,453,735
26 Total liabilities. Add lines 17 through 25......... 1,658,802,548 26 1,637,312,039
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 139,540,917 27 174,370,629
28 Temporarily restricted net assets ........... 4,737,418 28 4,853,627
29 Permanently restricted net assets ........... 2,510,621 29 2,485,984
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 146,788,956 33 181,710,240
34 Total liabilities and net assets/fund balances ........ 1,805,591,504 34 1,819,022,279
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
1,180,538,123
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
1,143,526,039
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
37,012,084
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
146,788,956
5
Net unrealized gains (losses) on investments ...............
5
-2,090,800
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
181,710,240
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
a
b
c
d
e
f
Enter the number of supported organizations .............................  
g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total    

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..  
6 Public support. Subtract line 5 from line 4.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support Add lines 7 through 10.  
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 2,770,435 4,161,728 4,705,966 5,333,158 7,253,361 24,224,648
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 719,508,061 954,588,081 1,067,700,132 1,038,425,798 1,147,019,426 4,927,241,498
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5. 722,278,496 958,749,809 1,072,406,098 1,043,758,956 1,154,272,787 4,951,466,146
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...           0
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.           0
c Add lines 7a and 7b..           0
8 Public support (Subtract line 7c from line 6.) 4,951,466,146
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
9 Amounts from line 6... 722,278,496 958,749,809 1,072,406,098 1,043,758,956 1,154,272,787 4,951,466,146
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 1,670,909 1,966,965 2,517,952 2,086,240 5,486,135 13,728,201
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. 1,225,483 6,226,296 5,097,732 5,218,155 4,577,277 22,344,943
c Add lines 10a and 10b. 2,896,392 8,193,261 7,615,684 7,304,395 10,063,412 36,073,144
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. 1,449,009 1,228,907 697,491 4,061,957 1,993,424 9,430,788
13 Total support. (Add lines 9, 10c, 11, and 12.).. 726,623,897 968,171,977 1,080,719,273 1,055,125,308 1,166,329,623 4,996,970,078
14
Section C. Computation of Public Support Percentage
15
15
99.090 %
16
16
99.040 %
Section D. Computation of Investment Income Percentage
17
17
0.720 %
18
18
0.690 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 5
Part IV
Supporting Organizations (continued)

Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 6
Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1.   Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors (explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7   Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 7
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2014 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2014 		(iii)
Distributable
Amount for 2014
1 Distributable amount for 2014 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2014
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2014 distributable amount  
i Carryover from 2009 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2014 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2014 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2014, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2014. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2015. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......  
e From 2014.......  
Schedule A (Form 990 or 990-EZ) (2014)
Schedule A (Form 990 or 990-EZ) 2014
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: SUPPORT SERVICES - 2010 AMOUNT: $ 560,158. 2011 AMOUNT: $ 500,249. 2013 AMOUNT: $ 1,951,330. 2014 AMOUNT: $ 850,652. HEALTH INFORMATION - 2010 AMOUNT: $ 601,804. 2011 AMOUNT: $ 527,017. 2012 AMOUNT: $ 482,715. 2013 AMOUNT: $ 510,067. 2014 AMOUNT: $ 601,343. MISCELLANEOUS - 2010 AMOUNT: $ 287,047. 2011 AMOUNT: $ 201,641. 2012 AMOUNT: $ 200,236. 2013 AMOUNT: $ 258,820. 2014 AMOUNT: $ 164,435. FUNDRAISING - 2012 AMOUNT: $ 14,540. MEDICAL TRANSPORT - 2013 AMOUNT: $ 275,528. 2014 AMOUNT: $ 328,265. MEDICAL RECORD/TRANSCRIPTION FEE - 2013 AMOUNT: $ 13,618. 2014 AMOUNT: $ 48,729. ROYALTY REVENUE - 2013 AMOUNT: $ 1,052,594.
Schedule A (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 2
Name of organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
  		Employer identification number

41-1506440
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 3
Name of organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
  		Employer identification number

41-1506440
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 4
Name of organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
  		Employer identification number

41-1506440
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2014

Schedule C (Form 990 or 990-EZ) 2014
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
 
No
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
1,238,791
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
Yes
 
9,600
j
Total. Add lines 1c through 1i ...............................
1,248,391
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1: MAYO CLINIC IS THE PARENT OF THE FILING ORGANIZATION. DURING 2014, MAYO CLINIC (MAYO) OFFICIALS HAD MEETINGS AND CONTACTS WITH FEDERAL AND STATE GOVERNMENT OFFICIALS, INCLUDING MEMBERS OF CONGRESS, STATE LEGISLATURES, AND RESPECTIVE EXECUTIVE BRANCH OFFICIALS TO DISCUSS VARIOUS HEALTH CARE REFORM PROPOSALS AND PROPOSED LEGISLATION. THESE DISCUSSIONS AND MEETINGS WERE HELD IN ROCHESTER, MN AS WELL AS WASHINGTON, D.C., ST. PAUL, MN AND OTHER LOCATIONS. IN ADDITION, MAYO SENT CORRESPONDENCE TO MEMBERS, STAFF AND OTHER GOVERNMENT OFFICIALS OUTLINING MAYO'S POSITIONS AND RECOMMENDATIONS ON LEGISLATION AND PROPOSED REGULATIONS. MAYO PROVIDES INFORMATION OR EXPRESSES ITS CONCERN TO LEGISLATIVE BODIES AND GOVERNMENT OFFICIALS ON MATTERS DIRECTLY RELATED TO HEALTH, THE DELIVERY OF HEALTH CARE AND MEDICAL EDUCATION AND/OR RESEARCH. IN 2014, MAYO REPRESENTATIVES HAD SEVERAL MEETINGS WITH MEMBERS OF THE LEGISLATIVE AND EXECUTIVE BRANCHES OF GOVERNMENT TO DISCUSS ISSUES RELATING TO PATIENT CARE, EDUCATION AND RESEARCH. THE MAJORITY OF EXPENSES RELATED TO LOBBYING ARE INCURRED BY MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH (MFMER), AN AFFILIATED SUPPORT ORGANIZATION OF MAYO CLINIC.
SCHEDULE C PART II-B LINE 1I THE AMOUNT IN "OTHER ACTIVITIES" REPRESENTS A PORTION OF PROFESSIONAL DUES ATTRIBUTABLE TO LOBBYING.
Schedule C (Form 990 or 990EZ) 2014

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 2,510,621 2,342,621 2,305,274 2,369,808 2,397,178
b Contributions ........          
c Net investment earnings, gains, and losses -24,637 168,000 37,347 -64,534 -27,370
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ...... 2,485,984 2,510,621 2,342,621 2,305,274 2,369,808
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet100.000 %
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................   71,996 34,798 37,198
c Leasehold improvements ............        
d Equipment ................   572,326,421 450,071,554 122,254,867
e Other .................   16,982,429   16,982,429
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 139,274,494
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) DUE FROM AFFILIATES 687,134,766
(2) RELOCATION HOUSES 2,792,486
(3) OTHER LONG TERM ASSETS 10,101,106
(4) THIRD PARTY TRUSTS 6,856,601
(5) INVESTMENTS IN SUBSIDIARIES 300,000
(6) CONTRIBUTED ASSETS PENDING DISPOSAL 497,010
(7) SEG RESERVES INVEST BOOK VALUE 102,818,831


Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 810,500,800
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  
DUE TO AFFILIATES 805,183,918
DEFERRED COMPENSATION LIABILITY 5,269,817







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 810,453,735
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART V, LINE 4: THE ENDOWMENT FUNDS PROVIDE A STABLE FUNDING SOURCE FOR RESEARCH AND EDUCATION PROGRAMS.
PART X, LINE 2: AT DECEMBER 31, 2014 AND 2013, THE RESERVE FOR UNRECOGNIZED TAX BENEFITS WAS NOT SIGNIFICANT, AND AS A RESULT, THERE IS NO LONGER A RESERVE FOR UNRECOGNIZED TAX BENEFITS RECORDED FOR THE FILING ORGANIZATION.
Schedule D (Form 990) 2014

Additional Data


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Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria
used to award the grants or assistance? ...........................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
CENTRAL AMERICA AND THE CARIBBEAN 0 27 TRAVEL - INTERNATIONAL BUSINESS & CONFERENCES   25,121
EAST ASIA AND THE PACIFIC 0 16 TRAVEL - INTERNATIONAL BUSINESS & CONFERENCES   33,733
EUROPE (INCLUDING ICELAND & GREENLAND) 0 51 TRAVEL - INTERNATIONAL BUSINESS & CONFERENCES   105,953
MIDDLE EAST AND NORTH AFRICA 0 10 TRAVEL - INTERNATIONAL BUSINESS & CONFERENCES   24,353
NORTH AMERICA 0 23 TRAVEL - INTERNATIONAL BUSINESS & CONFERENCES   28,164
SOUTH AMERICA 0 9 TRAVEL - INTERNATIONAL BUSINESS & CONFERENCES   13,777
CENTRAL AMERICA AND THE CARIBBEAN 1 2 PATIENT SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 32,376
NORTH AMERICA 1 6 PATIENT SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 185,201
SOUTH AMERICA 1 6 PATIENT SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 175,755
EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES MANAGEMENT CONSULTING 295,319
CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS   895,885
EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS   8,660,000
NORTH AMERICA 0 0 INVESTMENTS    
SUB-SAHARAN AFRICA 0 0 INVESTMENTS   3,000
CENTRAL AMERICA AND THE CARIBBEAN 0 15 SUPPLIES & SERVICES PURCHASED   12,445
EAST ASIA AND THE PACIFIC 0 95 SUPPLIES & SERVICES PURCHASED   425,496
EUROPE (INCLUDING ICELAND & GREENLAND) 0 289 SUPPLIES & SERVICES PURCHASED   5,424,144
MIDDLE EAST AND NORTH AFRICA 0 58 SUPPLIES & SERVICES PURCHASED   286,230
NORTH AMERICA 0 254 SUPPLIES & SERVICES PURCHASED   4,357,871
RUSSIA AND NEIGHBORING STATES 0 3 SUPPLIES & SERVICES PURCHASED   32,761
SOUTH AMERICA 0 41 SUPPLIES & SERVICES PURCHASED   125,649
SOUTH ASIA 0 32 SUPPLIES & SERVICES PURCHASED   151,409
SUB-SAHARAN AFRICA 0 14 SUPPLIES & SERVICES PURCHASED   28,393
CENTRAL AMERICA AND THE CARIBBEAN 0 0 ROYALTY INCOME    
EAST ASIA AND THE PACIFIC 0 0 ROYALTY INCOME    
EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 ROYALTY INCOME    
MIDDLE EAST AND NORTH AFRICA 0 0 ROYALTY INCOME    
NORTH AMERICA 0 0 ROYALTY INCOME    
RUSSIA AND NEIGHBORING STATES 0 0 ROYALTY INCOME    
SOUTH AMERICA 0 0 ROYALTY INCOME    
SOUTH ASIA 0 0 ROYALTY INCOME    
SUB-SAHARAN AFRICA 0 0 ROYALTY INCOME    
CENTRAL AMERICA AND THE CARIBBEAN 0 3 SUPPLIES & SERVICES PURCHASED MARKETING 7,467
EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 SUPPLIES & SERVICES PURCHASED MARKETING 151,542
MIDDLE EAST AND NORTH AFRICA 0 1 SUPPLIES & SERVICES PURCHASED MARKETING 848,631
NORTH AMERICA 0 13 SUPPLIES & SERVICES PURCHASED MARKETING 1,173,810
SOUTH AMERICA 0 10 SUPPLIES & SERVICES PURCHASED MARKETING 43,363
EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING   40,397
3a Sub-total ..... 2 144 448,678
b Total from continuation sheets to Part I ... 1 837 23,139,567
c Totals (add lines 3a and 3b) 3 981 23,588,245
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
 
3
Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; do not file with Form 990)............................
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)...............................................
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713; do not file with Form 990).....................................
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
PART I, LINE 2: GENERAL INFORMATION ON ACTIVITIES OUTSIDE THE UNITED STATES IS REPORTED BASED ON WHERE PAYMENTS WERE REMITTED. OUR CURRENT REPORTING SYSTEM DOES NOT TRACK ACTIVITIES OUTSIDE THE UNITED STATES BY LOCATION OF SERVICE.
PART I, LINE 3: ACCRUAL METHOD
SCHEDULE F, PART I, LINE 3: SUPPLIES & SERVICES PURCHASED - AS THE PROCUREMENT COMPANY FOR MAYO CLINIC AND AFFILIATES, THE FILING ORGANIZATION PURCHASES SUPPLIES AND SERVICES FROM AROUND THE WORLD. THE AMOUNTS AND REGIONS REFLECTED IN SCHEDULE F AS "SUPPLIES & SERVICES PURCHASED" ARE BASED ON ADDRESSES PROVIDED AT TIME OF INVOICING AND IS A CONSOLIDATED NUMBER FOR ALL THE ENTITIES WHO PURCHASE THROUGH THE FILING ORGANIZATION.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2014
Additional Data


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number
41-1506440
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) MAYO CLINIC
200 FIRST STREET SW
ROCHESTER,MN55905 		41-6011702 501(C)(3) 5,000,000       SUPPORT EXEMPT PURPOSE
(2) SOUTHEAST MINNESOTA PRIVATE INDUSTRY COUNCIL INC
2070 COLLEGE VIEW ROAD EAST
ROCHESTER,MN55904 		41-1484613 501(C)(3) 85,000       SUPPORT EXEMPT PURPOSE
(3) NCSL FOUNDATION FOR STATE LEGISLATURES
7700 EAST FIRST PLACE
DENVER,CO80230 		74-2232576 501(C)(3) 50,000       SUPPORT EXEMPT PURPOSE
(4) ROCHESTER PUBLIC SCHOOL
615 7TH STREET SW
ROCHESTER,MN55902 		41-6002803 GOVERNMENT 50,000       SUPPORT EXEMPT PURPOSE
(5) SUSAN G KOMEN BREAST CANCER FOUNDATION
2040 WEST BETHANY HOME ROAD SUITE
120
PHOENIX,AZ85015 		75-2845061 501(C)(3) 50,000       SUPPORT EXEMPT PURPOSE
(6) GIFT OF LIFE INC
705 SECOND STREET SW
ROCHESTER,MN55902 		41-1495845 501(C)(3) 6,375       SUPPORT EXEMPT PURPOSE












2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
6
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance












Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
PART I, LINE 2: THE FILING ORGANIZATION CONSIDERS REQUESTS FOR FUNDING AND IN-KIND SUPPORT TO ORGANIZATIONS IN THE COMMUNITY WITH PROGRAMS THAT ENHANCE THE MISSION OF THE FILING ORGANIZATION. THE FILING ORGANIZATION ONLY CONSIDERS REQUESTS FOR FUNDING AND IN-KIND SUPPORT TO ORGANIZATIONS IN THE COMMUNITY THAT ADDRESS UNMET OR UNDER-FUNDED COMMUNITY NEEDS IN THE AREAS OF HEALTHCARE, EDUCATION, RESEARCH, DIVERSITY AND EQUALITY OF OPPORTUNITY. TRANSFERS OR GRANTS TO TAX-EXEMPT ORGANIZATIONS WILL BE USED PURSUANT TO THE POLICIES AND PROCEDURES OF THE GRANTEE ORGANIZATIONS AND TO FURTHER THE EXEMPT PURPOSES OF THE GRANTEE ORGANIZATIONS. BOTH THE FILING ORGANIZATION AND THE GRANTEE ORGANIZATION MAINTAIN ADEQUATE BOOKS AND RECORDS OF SUCH TRANSFERS OR GRANTS. NO ADDITIONAL MONITORING IS PERFORMED.
Schedule I (Form 990) 2014


Additional Data


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Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
Yes
 
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1ADKINS JR KEDRICK DDIRECTOR (8/25-12/31) (i)
(ii)		 558,946
...............................
0 		50,000
...............................
0 		29,761
...............................
0 		0
...............................
0 		14,024
...............................
0 		652,731
...............................
0 		0
...............................
0
2LINDAHL ROGER AASST SECY/DIRECTOR (i)
(ii)		 259,243
...............................
0 		0
...............................
0 		1,780
...............................
0 		37,803
...............................
0 		32,286
...............................
0 		331,112
...............................
0 		0
...............................
0
3LITCHY MD WILLIAM JPRESIDENT/DIRECTOR (i)
(ii)		 0
...............................
289,251 		0
...............................
0 		0
...............................
29,678 		0
...............................
464 		0
...............................
18,803 		0
...............................
338,196 		0
...............................
0
4MATTHIAS MARK AASST TREAS/DIRECTOR (i)
(ii)		 228,629
...............................
0 		0
...............................
0 		2,254
...............................
0 		26,664
...............................
0 		31,255
...............................
0 		288,802
...............................
0 		0
...............................
0
5ROGERS JAMES AASST SECY/DIRECTOR (i)
(ii)		 273,883
...............................
0 		0
...............................
0 		2,697
...............................
0 		27,737
...............................
0 		23,686
...............................
0 		328,003
...............................
0 		0
...............................
0
6SANDEEN DARRELL LVP (1/1-12/31)/DIRECTOR (1/1-8/25) (i)
(ii)		 303,937
...............................
0 		0
...............................
0 		11,764
...............................
0 		33,923
...............................
0 		26,137
...............................
0 		375,761
...............................
0 		0
...............................
0
7BRIGHAM ROBERT FASST SECY (i)
(ii)		 0
...............................
451,717 		0
...............................
0 		0
...............................
53,418 		0
...............................
538 		0
...............................
26,754 		0
...............................
532,427 		0
...............................
0
8BROWN MARIE EASST TREAS (12/11-12/31) (i)
(ii)		 0
...............................
289,927 		0
...............................
0 		0
...............................
6,049 		0
...............................
403 		0
...............................
27,560 		0
...............................
323,939 		0
...............................
0
9BROWN MICHAEL EASST SECY (i)
(ii)		 208,274
...............................
0 		0
...............................
0 		8,260
...............................
0 		24,926
...............................
0 		11,028
...............................
0 		252,488
...............................
0 		0
...............................
0
10BROWN WILLIAM AASST TREAS (i)
(ii)		 214,598
...............................
0 		0
...............................
0 		3,039
...............................
0 		39,455
...............................
0 		21,685
...............................
0 		278,777
...............................
0 		0
...............................
0
11ESTES DANIEL DASST TREAS (i)
(ii)		 171,849
...............................
0 		0
...............................
0 		2,108
...............................
0 		28,027
...............................
0 		16,315
...............................
0 		218,299
...............................
0 		0
...............................
0
12FRANCIS JAMES RASST TREAS (i)
(ii)		 333,339
...............................
0 		0
...............................
0 		21,219
...............................
0 		38,457
...............................
0 		29,816
...............................
0 		422,831
...............................
0 		0
...............................
0
13FROISLAND JEFFREY RASST TREAS (i)
(ii)		 277,773
...............................
0 		0
...............................
0 		3,842
...............................
0 		28,826
...............................
0 		14,494
...............................
0 		324,935
...............................
0 		0
...............................
0
14GOLDMAN DANIEL SASST SECY (i)
(ii)		 190,314
...............................
0 		0
...............................
0 		11,353
...............................
0 		25,036
...............................
0 		21,697
...............................
0 		248,400
...............................
0 		0
...............................
0
15HERBERT DAVID PASST TREAS (1/1-12/11) (i)
(ii)		 272,385
...............................
0 		0
...............................
0 		4,758
...............................
0 		41,506
...............................
0 		27,004
...............................
0 		345,653
...............................
0 		0
...............................
0
16HOFFMAN III HARRY NTREASURER (i)
(ii)		 0
...............................
576,289 		0
...............................
468,477 		0
...............................
188,782 		0
...............................
576,262 		0
...............................
25,324 		0
...............................
1,835,134 		0
...............................
468,477
17HOFFMAN MARY JASST SECY (i)
(ii)		 0
...............................
329,027 		0
...............................
0 		0
...............................
26,947 		0
...............................
36,686 		0
...............................
24,332 		0
...............................
416,992 		0
...............................
0
18HUBERT SHERRY LASST SECY (i)
(ii)		 245,897
...............................
0 		0
...............................
0 		919
...............................
0 		30,463
...............................
0 		23,138
...............................
0 		300,417
...............................
0 		0
...............................
0
19LOHKAMP CHRISTIE AASST TREAS (i)
(ii)		 217,074
...............................
0 		0
...............................
0 		523
...............................
0 		24,825
...............................
0 		11,822
...............................
0 		254,244
...............................
0 		0
...............................
0
20MELVIN KEVIN BASST SECY (i)
(ii)		 0
...............................
174,859 		0
...............................
0 		0
...............................
758 		0
...............................
14,012 		0
...............................
33,152 		0
...............................
222,781 		0
...............................
0
21MENKOSKY PAULA EASST TREAS (i)
(ii)		 0
...............................
412,797 		0
...............................
0 		0
...............................
29,462 		0
...............................
31,326 		0
...............................
24,496 		0
...............................
498,081 		0
...............................
0
22OTTE KIMBERLY KASST SECY (i)
(ii)		 229,176
...............................
0 		0
...............................
0 		1,254
...............................
0 		26,278
...............................
0 		24,637
...............................
0 		281,345
...............................
0 		0
...............................
0
23OVIATT JONATHAN JSECRETARY (i)
(ii)		 525,037
...............................
0 		0
...............................
0 		78,372
...............................
0 		44,727
...............................
0 		29,668
...............................
0 		677,804
...............................
0 		0
...............................
0
24BOLTON JEFFREY WCAO - MAYO CLINIC (i)
(ii)		 801,232
...............................
0 		0
...............................
0 		103,486
...............................
0 		42,569
...............................
0 		20,678
...............................
0 		967,965
...............................
0 		0
...............................
0
25COLLINS CRAIG CCHAIR FINANCE MIDWEST (i)
(ii)		 280,124
...............................
0 		0
...............................
0 		1,769
...............................
0 		35,928
...............................
0 		28,471
...............................
0 		346,292
...............................
0 		0
...............................
0
26GROSSET JESSICA AVICE CHAIR IT OPS AND INFRAST (i)
(ii)		 297,059
...............................
0 		0
...............................
0 		10,541
...............................
0 		491
...............................
0 		22,949
...............................
0 		331,040
...............................
0 		0
...............................
0
27LANGSTRAAT HARLAN JFORMER PHARMACY CHAIR (i)
(ii)		 249,649
...............................
0 		0
...............................
0 		3,691
...............................
0 		42,498
...............................
0 		22,333
...............................
0 		318,171
...............................
0 		0
...............................
0
28MCNEILL STEVEN LCHIEF PLANNING OFFICER (i)
(ii)		 347,821
...............................
0 		0
...............................
0 		16,282
...............................
0 		29,577
...............................
0 		27,137
...............................
0 		420,817
...............................
0 		0
...............................
0
29NELMS JAMES CCHIEF INFO SECURITY OFFICER (i)
(ii)		 307,090
...............................
0 		0
...............................
0 		9,313
...............................
0 		39,530
...............................
0 		22,912
...............................
0 		378,845
...............................
0 		0
...............................
0
30NOSEWORTHY MD JOHN HCEO MAYO CLINIC (i)
(ii)		 1,893,559
...............................
0 		0
...............................
0 		374,215
...............................
0 		49,000
...............................
0 		19,888
...............................
0 		2,336,662
...............................
0 		0
...............................
0
31RAGSDALE JILL MCHIEF HUMAN RESOURCES OFFICER (i)
(ii)		 519,520
...............................
0 		0
...............................
0 		31,341
...............................
0 		29,974
...............................
0 		23,893
...............................
0 		604,728
...............................
0 		0
...............................
0
32ROSS CHRISTOPHER JCHIEF INFORMATION OFFICER (i)
(ii)		 573,632
...............................
0 		0
...............................
0 		31,952
...............................
0 		37,874
...............................
0 		23,760
...............................
0 		667,218
...............................
0 		0
...............................
0
33ROTTY BRIAN WGBS SERVICE LINE ADMINISTRATOR (i)
(ii)		 216,934
...............................
0 		0
...............................
0 		1,027
...............................
0 		26,361
...............................
0 		29,629
...............................
0 		273,951
...............................
0 		0
...............................
0
34RYAN MICHAEL JCHAIR - DEPT OF IT (i)
(ii)		 329,497
...............................
0 		0
...............................
0 		17,198
...............................
0 		28,617
...............................
0 		24,047
...............................
0 		399,359
...............................
0 		0
...............................
0
35WESTON JOHN HCHIEF MARKETING OFFICER (i)
(ii)		 346,436
...............................
0 		0
...............................
0 		13,329
...............................
0 		40,765
...............................
0 		24,576
...............................
0 		425,106
...............................
0 		0
...............................
0
36WILLIAMSON MARY JCHAIR - DEPT OF PRACTICE ADMIN (i)
(ii)		 12,066
...............................
387,015 		0
...............................
0 		29
...............................
3,370 		25,722
...............................
0 		928
...............................
21,621 		38,745
...............................
412,006 		0
...............................
0
37ABDEL MD MATTHEW PPHYSICIAN (i)
(ii)		 50,823
...............................
307,008 		0
...............................
0 		1,084
...............................
19,029 		14,653
...............................
0 		1,624
...............................
10,859 		68,184
...............................
336,896 		0
...............................
0
38ALLAN ROBERTA MCHAIR OF DEVELOPMENT - ARIZONA (i)
(ii)		 86,408
...............................
0 		0
...............................
0 		240,829
...............................
0 		142
...............................
0 		7,729
...............................
0 		335,108
...............................
0 		0
...............................
0
39KNUDSON STEVE LCHAIR CON/PAY RELATIONS (i)
(ii)		 272,282
...............................
0 		0
...............................
0 		2,058
...............................
0 		422
...............................
0 		24,301
...............................
0 		299,063
...............................
0 		0
...............................
0
40SEINOLA SCOTT ACHAIR - DEPT OF EDUC ADMIN (i)
(ii)		 180,306
...............................
100,561 		0
...............................
0 		1,130
...............................
634 		415
...............................
0 		13,376
...............................
9,455 		195,227
...............................
110,650 		0
...............................
0
41TRASTEK MD VICTOR FFORMER CEO - ARIZONA (i)
(ii)		 672,732
...............................
0 		0
...............................
0 		141,134
...............................
0 		27,708
...............................
0 		23,801
...............................
0 		865,375
...............................
0 		0
...............................
0
42EDWARDS MD BROOKS SFMR PRESIDENT (i)
(ii)		 0
...............................
412,493 		0
...............................
0 		0
...............................
54,804 		0
...............................
35,521 		0
...............................
34,845 		0
...............................
537,663 		0
...............................
0
43KOCH MARK BFMR ASST SECY (i)
(ii)		 0
...............................
378,314 		0
...............................
0 		0
...............................
17,413 		0
...............................
533 		0
...............................
17,492 		0
...............................
413,752 		0
...............................
0
44WEIS SHIRLEY AFMR ASST TREAS (i)
(ii)		 33,423
...............................
0 		0
...............................
0 		1,445,191
...............................
0 		50,228
...............................
0 		1,478
...............................
0 		1,530,320
...............................
0 		0
...............................
0
45CASEY MICHAEL AFORMER KEY EMPLOYEE (i)
(ii)		 207,946
...............................
0 		0
...............................
0 		1,289
...............................
0 		25,817
...............................
0 		22,535
...............................
0 		257,587
...............................
0 		0
...............................
0
46CROFT CHERYL RFORMER KEY EMPLOYEE (i)
(ii)		 0
...............................
233,144 		0
...............................
0 		0
...............................
1,430 		0
...............................
35,114 		0
...............................
17,333 		0
...............................
287,021 		0
...............................
0
47JORGENSEN STEVEN CFORMER KEY EMPLOYEE (i)
(ii)		 91,812
...............................
0 		0
...............................
0 		28,088
...............................
0 		34,388
...............................
0 		10,596
...............................
0 		164,884
...............................
0 		0
...............................
0
48STEVENS JEFFREY JFORMER KEY EMPLOYEE (i)
(ii)		 205,358
...............................
0 		0
...............................
0 		793
...............................
0 		24,322
...............................
0 		24,279
...............................
0 		254,752
...............................
0 		0
...............................
0
49BRODERSEN MD MARK PFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
651,513 		0
...............................
0 		0
...............................
148,843 		0
...............................
651 		0
...............................
27,057 		0
...............................
828,064 		0
...............................
0
50CAGIN DO CHARLES RFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
584,972 		0
...............................
0 		0
...............................
108,153 		0
...............................
441 		0
...............................
17,197 		0
...............................
710,763 		0
...............................
0
51CALAMIA MD KENNETH TFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
365,900 		0
...............................
0 		0
...............................
36,914 		0
...............................
654 		0
...............................
20,223 		0
...............................
423,691 		0
...............................
0
52FOGELSON MD JEREMY LFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
695,867 		0
...............................
0 		0
...............................
15,847 		0
...............................
20,972 		0
...............................
23,963 		0
...............................
756,649 		0
...............................
0
53LETTIERI MD SALVATORE CFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
482,936 		0
...............................
0 		0
...............................
48,916 		0
...............................
33,227 		0
...............................
23,472 		0
...............................
588,551 		0
...............................
0
54MEYERS MD MICHAEL SFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
500,889 		0
...............................
0 		0
...............................
59,976 		0
...............................
27,155 		0
...............................
24,044 		0
...............................
612,064 		0
...............................
0
55PAMULAPATI MD KRISHNA MFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
521,639 		0
...............................
0 		0
...............................
58,687 		0
...............................
43,339 		0
...............................
19,468 		0
...............................
643,133 		0
...............................
0
56SINGH MD MANDEEPFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
563,965 		0
...............................
0 		0
...............................
87,555 		0
...............................
32,664 		0
...............................
30,238 		0
...............................
714,422 		0
...............................
0
57TAK MD TAHIRFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
500,889 		0
...............................
0 		0
...............................
68,335 		0
...............................
49,393 		0
...............................
23,990 		0
...............................
642,607 		0
...............................
0
58VAN GOMPEL MD JAMIE JFORMER HIGHEST COMPENSATED (i)
(ii)		 0
...............................
565,021 		0
...............................
0 		0
...............................
10,049 		0
...............................
20,540 		0
...............................
23,115 		0
...............................
618,725 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A IN 2014, SEVERAL OF THE LISTED PERSONS OF THE FILING ORGANIZATION SERVED ON THE BOARD OF TRUSTEES FOR MAYO CLINIC (THE PARENT COMPANY OF THE FILING ORGANIZATION) AND WERE PROVIDED TRAVEL FOR COMPANIONS SO THAT SPOUSES COULD ACCOMPANY THEM TO THE SITE OF THE MAYO CLINIC BOARD OF TRUSTEE MEETING. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION AND IS ORDINARILY GROSSED UP. MAYO EMPLOYEES PERFORMING WORK OUTSIDE THEIR STATE OF RESIDENCY ARE ELIGIBLE TO RECEIVE A SUPPLEMENTAL PAYMENT TO HELP OFFSET THE COST OF ADDITIONAL STATE INCOME TAXES INCURRED AS A RESULT OF HAVING TO WORK IN A DIFFERENT STATE. IN 2014, ONE OR MORE LISTED PERSONS RECEIVED THIS SUPPLEMENTAL PAYMENT. SEVERAL OF THE LISTED PERSONS RECEIVED AN AWARD OR OTHER TANGIBLE RECOGNITION THAT WAS TREATED AS TAXABLE COMPENSATION. PURSUANT TO INSTITUTIONAL POLICIES, CERTAIN SUCH AWARDS HAVE A TAX GROSS-UP APPLIED IN ORDER NOT TO DIMINISH THE RECOGNITION AND CELEBRATORY NATURE OF THE AWARD. HOUSING ALLOWANCES ARE PROVIDED WHEN JUSTIFIED BY BUSINESS NEED SUCH AS RELOCATION OR WORK ASSIGNMENT. IN 2014, KEDRICK ADKINS JR AND DARRELL SANDEEN RECEIVED A HOUSING ALLOWANCE THAT WAS TREATED AS TAXABLE INCOME AND JOHN WESTON RECEIVED A HOUSING ALLOWANCE THAT WAS TREATED AS TAXABLE INCOME WHICH WAS 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. SEVERAL OF THE CURRENT AND FORMER OFFICERS, DIRECTORS, AND KEY EMPLOYEES LISTED ON THIS RETURN RECEIVED THIS SERVICE, WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. SHIRLEY WEIS WAS ALLOWED TO CONTINUE HER PAID CAREER COACHING ENGAGEMENT IN 2014, WHICH WAS TREATED AS A TAXABLE BENEFIT AND GROSSED UP. IN 2014 SHIRLEY A. WEIS ALSO RECEIVED REIMBURSEMENT FOR TRAVEL EXPENSES TO ATTEND A MEETING RELATED TO THE MAYO CLINIC SESQUICENTENNIAL EVENT. THIS WAS TREATED AS TAXABLE INCOME AND GROSSED UP.
PART I, LINE 3 THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION FOR ESTABLISHING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE CORE 990 PART VI SECTION B LINE 15 FOR FURTHER INFORMATION REGARDING THE PROCESS UTILIZED.
PART I, LINES 4A-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 RECEIVED A PAYMENT FROM THE SUPPLEMENTAL RETIREMENT PLAN. AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). ABDEL M.D., MATTHEW P. $ 1,040 BOLTON, JEFFREY W. $ 98,503 BRIGHAM, ROBERT F. $ 50,028 BRODERSEN M.D., MARK P. $104,362 BROWN, MARIE E. $ 4,243 CAGIN D.O., CHARLES R. $ 96,520 CALAMIA M.D., KENNETH T. $ 29,292 EDWARDS M.D., BROOKS S. $ 51,308 FOGELSON M.D., JEREMY L. $ 15,084 FRANCIS, JAMES R. $ 19,008 FROISLAND, JEFFREY R. $ 2,752 GROSSET, JESSICA A. $ 6,871 HERBERT, DAVID P. $ 3,083 HOFFMAN III, HARRY N. $184,589 HOFFMAN, MARY J. $ 10,683 JORGENSEN, STEVEN C. $ 13,354 KOCH, MARK B. $ 14,770 LETTIERI M.D., SALVATORE C. $ 46,527 LITCHY M.D., WILLIAM J. $ 6,521 MCNEILL, STEVEN L. $ 14,991 MENKOSKY, PAULA E. $ 27,320 MEYERS M.D., MICHAEL S. $ 58,777 NELMS, JAMES C. $ 7,383 NOSEWORTHY M.D., JOHN H. $349,582 OVIATT, JONATHAN J. $ 69,618 PAMULAPATI M.D., KRISHNA M. $ 54,837 RAGSDALE, JILL M. $ 29,298 ROGERS, JAMES A. $ 1,237 ROSS, CHRISTOPHER J. $ 28,372 RYAN, MICHAEL J. $ 15,887 SANDEEN, DARRELL L. $ 1,857 SCHMIDT, BRADLEY D. $ 12,719 SINGH M.D., MANDEEP $ 65,779 TAK M.D., TAHIR $ 61,942 TRASTEK M.D., VICTOR F. $131,600 VAN GOMPEL M.D., JAMIE J. $ 8,821 WEIS, SHIRLEY A. $164,349 WESTON, JOHN H. $ 4,632 WILLIAMSON, MARY J. $ 323 THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT (TOTAL INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(I)): ROBERTA M. ALLAN $232,810.88 SHIRLEY WEIS, FORMER CHIEF ADMINISTRATIVE OFFICER OF MAYO CLINIC, RECEIVED CASH ASSISTANCE WITH A VALUE OF $15,000 ALONG WITH PAYMENT OF MOVING EXPENSES PURSUANT TO THE MAYO HOME RELOCATION ASSISTANCE POLICY AVAILABLE TO EMPLOYEES THAT MAYO CLINIC RELOCATES TO ANOTHER WORK SITE. MAYO CLINIC ALSO PURCHASED HER HOME FOR APPRAISED FAIR MARKET VALUE OF $393,870 IN CONNECTION WITH HER RELOCATION. SHE ALSO RECEIVED A NON-COMPETE AND TRANSITION PAYMENT IN THE AMOUNT OF $1,220,000 WHICH APPROXIMATES THE VALUE OF HER SALARY AND BENEFITS DURING THE NON-COMPETE PERIOD FOLLOWING HER RETIREMENT IN DECEMBER, 2013 PLUS $8,949 REIMBURSEMENT FOR LEGAL EXPENSES RELATED TO HER TRANSITION. 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.
PART II: COMPENSATION PAID TO BOARD MEMBERS IS PRIMARILY FOR PROFESSIONAL RESPONSIBILITIES AS PHYSICIANS, ADMINISTRATORS, OR EMPLOYEES OF THE ORGANIZATION.
Schedule J (Form 990) 2014

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2014
Schedule L (Form 990 or 990-EZ) 2014
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) BRIGHAM ANDREW FAMILY MEMBER OF ROBERT BRIGHAM, OFFICER 56,741 EMPLOYMENT COMPENSATION   No
(2) LINDAHL ANNE FAMILY MEMBER OF ROGER LINDAHL, OFFICER 46,867 EMPLOYMENT COMPENSATION   No
(3) MAYER AMY L FAMILY MEMBER OF MARIE E. BROWN, OFFICER 75,240 EMPLOYMENT COMPENSATION   No
(4) MAYER STANLEY D FAMILY MEMBER OF MARIE E. BROWN, OFFICER 107,138 EMPLOYMENT COMPENSATION   No
(5) PORTLAND REAL ESTATE LLC
  		OWNER BROOKS S. EDWARDS M.D. IS FORMER OFFICER OF MFMER 10,920 PROPERTY RENTAL   No
(6) ROBB STEPHEN M FAMILY MEMBER OF MARIE E. BROWN, OFFICER 142,655 EMPLOYMENT COMPENSATION   No
(7) SMITH SARA N FAMILY MEMBER OF KEVIN MELVIN, OFFICER 69,973 EMPLOYMENT COMPENSATION   No
(8) WILLIAMS KELLY J FAMILY MEMBER OF MICHAEL A. CASEY, KEY EMPLOYEE 38,369 EMPLOYMENT COMPENSATION   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS ARE EMPLOYED BY A RELATED ORGANIZATION: BROWN, MARIE E. ABDEL M.D., MATTHEW P. WILLIAMSON, MARY J. SEINOLA, SCOTT A. MELVIN, KEVIN B. LITCHY M.D., WILLIAM J. HOFFMAN III, HARRY N. RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: MENKOSKY, PAULA E. HOFFMAN, MARY J. BRIGHAM, ROBERT F. ADKINS JR KEDRICK D. WILLIAMSON, MARY J. SCHMIDT, BRADLEY D. SANDEEN, DARRELL L. OVIATT, JONATHAN J. NOSEWORTHY M.D., JOHN H. HUBERT, SHERRY L. FROISLAND, JEFFREY R. FRANCIS, JAMES R. COLLINS, CRAIG C. BROWN, WILLIAM A. BOLTON, JEFFREY W. HOFFMAN III, HARRY N. THE FOLLOWING INDIVIDUALS ARE EMPLOYED BY A RELATED ORGANIZATION: HOFFMAN, MARY J. BRIGHAM, ROBERT F. RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: HOFFMAN, MARY J. BRIGHAM, ROBERT F. THE FOLLOWING INDIVIDUAL IS EMPLOYED BY A RELATED ORGANIZATION: MENKOSKY, PAULA E. RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: FROISLAND, JEFFREY R. BROWN, MICHAEL E. STEVE L. KNUDSON AND MARK A. MATTHIAS HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF HEALTH TRADITION HEALTH PLAN, A RELATED TAXABLE ENTITY. CHRISTIE A. LOHKAMP AND SHERRY L. HUBERT HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MAYO CLINIC SUPPORT SERVICES, TEXAS, A RELATED TAXABLE ENTITY. PAULA E. MENKOSKY AND JEFFREY R. FROISLAND HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF SUPERBLOCK 3 PROPERTY OWNERS ASSOCIATION, A RELATED TAXABLE ENTITY. BRADLEY D. SCHMIDT AND JEFFREY W. BOLTON HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF DESTINATION MEDICAL CENTER EDA, A RELATED TAXABLE ENTITY. DARRELL L. SANDEEN, JONATHAN J. OVIATT, MARK A. MATTHIAS, ROGER A. LINDAHL, SHERRY L. HUBERT, DAVID P. HERBERT AND DANIEL S. GOLDMAN HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MAYO HOLDING COMPANY, A RELATED TAXABLE ENTITY. JAMES A. ROGERS, CHRISTIE A. LOHKAMP AND ROGER A. LINDAHL HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MAYO CLINIC GBS MAURITIUS, A RELATED TAXABLE ENTITY. JONATHAN J. OVIATT, HARRY N. HOFFMAN III AND JEFFREY R. FROISLAND HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MAYO INSURANCE COMPANY, LTD, A RELATED TAXABLE ENTITY. JAMES A. ROGERS, DANIEL D. ESTES AND JEFFREY W. BOLTON HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF RESOUNDANT, INC, A RELATED TAXABLE ENTITY. MARIE E. BROWN, SCOTT A. SEINOLA, DARRELL L. SANDEEN, BRIAN W. ROTTY, MARK A. MATTHIAS, WILLIAM J.LITCHY M.D., DAVID P. HERBERT AND CRAIG C. COLLINS HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MMSI, INC, A RELATED TAXABLE ENTITY.
FORM 990, PART VI, SECTION A, LINE 3 MAYO CLINIC AND OTHER RELATED COMPANIES PROVIDE MANAGEMENT SERVICES TO THE ENTIRE SYSTEM OF ENTITIES. SINCE THE ENTITIES ARE RELATED ORGANIZATIONS, COMPENSATION FOR THE OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES HAS BEEN DISCLOSED IN PART VII AND SCHEDULE J AS REQUIRED.
FORM 990, PART VI, SECTION A, LINE 6 THE SOLE CORPORATE MEMBER IS MAYO CLINIC.
FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS OF MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH ARE DESIGNATED BY THE SOLE MEMBER.
FORM 990, PART VI, SECTION A, LINE 7B CERTAIN TRANSACTIONS REQUIRE APPROVAL BY THE MEMBER BEFORE ACTION CAN BE TAKEN SUCH AS AMENDMENT TO THE ARTICLES AND BYLAWS, MERGER, OR OTHER RESTRUCTURING, AND INCURRENCE OF DEBT.
FORM 990, PART VI, SECTION A, LINE 8B THE FILING ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY MAYO CORPORATE TAX WITH ASSISTANCE FROM SITE ACCOUNTING STAFF. THE TAX RETURN GOES THROUGH TWO LEVELS OF REVIEW WITHIN THE CORPORATE TAX UNIT. IT IS THEN REVIEWED BY THE ASSISTANT SECRETARY AND THE ASSISTANT TREASURER OF THE FILING ORGANIZATION. A COPY OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE FILING ORGANIZATION'S GOVERNING BODY VIA U.S. MAIL, E-MAIL, OR DISTRIBUTION AT A BOARD MEETING. ALL QUESTIONS ARE ADDRESSED PRIOR TO FILING THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C MAYO CLINIC AND ITS AFFILIATES HAVE A COMPREHENSIVE CONFLICT OF INTEREST POLICY APPLICABLE TO ALL OF THE AFFILIATED ENTITIES AND TO ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THOSE ENTITIES. ALL CURRENT AND FORMER OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES WHO WE ANTICIPATE WILL BE LISTED ON A FORM 990 ARE ASKED TO COMPLETE AN "ANNUAL TAX AND COMPLIANCE DISCLOSURE" FORM. THIS INFORMATION IS REVIEWED BY BOTH THE CORPORATE TAX DEPARTMENT AND THE OFFICE OF CONFLICT OF INTEREST REVIEW. ALL DISCLOSURES OF CURRENT OR PROPOSED ACTIVITY THAT REQUIRE ACTION UNDER THE POLICY ARE THE SUBJECT OF ONGOING REVIEW AND ACTION THROUGH THE OFFICE OF CONFLICT OF INTEREST REVIEW AND THE CONFLICT OF INTEREST REVIEW BOARD. INVOLVED INDIVIDUALS ARE INFORMED OF ALL REQUIRED ACTION. MANY TYPES OF RELATIONSHIPS THAT COULD CREATE CONFLICTS OF INTEREST ARE PROHIBITED. OTHER TYPES OF RELATIONSHIPS ARE PERMITTED SUBJECT TO COMPLIANCE WITH THE MANAGEMENT PLAN ESTABLISHED BY THE CONFLICT OF INTEREST REVIEW BOARD. A COMMON MANAGEMENT STRATEGY FOR PERMITTED ACTIVITIES IS TO REQUIRE BILATERAL RECUSAL AND APPROPRIATE DOCUMENTATION IN THE MINUTES OF MAYO CLINIC (AND/OR AFFILIATE) AND THE OUTSIDE ENTITY. ADDITIONAL CONFLICT OF INTEREST POLICIES AND PROCEDURES EXIST FOR CERTAIN ENTITIES CONCERNING RESEARCH CONTRACTS AND OTHER TYPES OF POTENTIAL CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION IS AN AFFILIATE OF MAYO CLINIC. MAYO CLINIC AND ITS AFFILIATES HAVE A COORDINATED PROCESS FOR REVIEWING AND APPROVING COMPENSATION AND BENEFITS FOR PHYSICIANS, EXECUTIVE AND SENIOR ADMINISTRATIVE LEADERSHIP, ALONG WITH ALLIED HEALTH STAFF. IN ADDITION TO ANY REVIEW AND APPROVAL THAT MAY TAKE PLACE AT THE LOCAL ENTITY OR REGIONAL LEVEL, THE FOLLOWING INDEPENDENT APPROVAL PROCESS OCCURS ANNUALLY PRIOR TO IMPLEMENTATION OF THE RESPECTIVE COMPENSATION INCREASE. THE COMPENSATION AND BENEFIT PROGRAM OF THE PRESIDENT WAS REVIEWED AND APPROVED BY THE PROCESS DESCRIBED BELOW FOR PHYSICIANS OF THE ARIZONA, FLORIDA, AND ROCHESTER, MINNESOTA CAMPUSES. THE MAYO CLINIC SALARY AND BENEFITS COMMITTEE INITIALLY REVIEWS THE COMPENSATION AND BENEFIT PROGRAMS FOR PHYSICIANS OF THE ARIZONA, FLORIDA, AND ROCHESTER, MINNESOTA CAMPUSES. THE COMMITTEE IS COMPRISED OF MAYO EMPLOYEES, BUT IS INDEPENDENT FOR INTERNAL REVENUE CODE 4958 FOR THE INDIVIDUALS WHOSE SALARIES ARE REVIEWED (WITH RECUSAL WHERE APPROPRIATE). THE MAYO CLINIC SALARY AND BENEFITS COMMITTEE USES COMPARABILITY DATA (INCLUDING THIRD-PARTY BENCHMARKING SURVEYS) IN ITS REVIEW AND DOCUMENTS DECISIONS IN ITS MINUTES. FOLLOWING REVIEW BY THE MAYO CLINIC SALARY AND BENEFITS COMMITTEE, THE COMPENSATION AND BENEFIT PROGRAMS FOR PHYSICIANS OF THE ARIZONA, FLORIDA, AND ROCHESTER, MINNESOTA CAMPUSES ARE REVIEWED AND APPROVED BY THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE. THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE IS COMPRISED OF NINE OF THE EXTERNAL INDEPENDENT MEMBERS OF THE MAYO CLINIC BOARD OF TRUSTEES. THIS GROUP REVIEWS AND APPROVES THE COMPENSATION AND BENEFIT PROGRAMS FOR PHYSICIANS FROM ALL CAMPUSES, AS WELL AS CERTAIN SENIOR ADMINISTRATIVE AND EXECUTIVE LEADERSHIP (INCLUDING ALL PERSONS BELIEVED TO BE DISQUALIFIED PERSONS). THIS PROCESS ESTABLISHES ACCEPTABLE RANGES FOR VARIOUS POSITIONS, LEVELS, AND SPECIALTIES. THE COMMITTEE USES COMPARABILITY DATA (INCLUDING THIRD-PARTY BENCHMARKING SURVEYS) IN ITS REVIEW AND DOCUMENTS DECISIONS IN ITS MINUTES. THE SALARY AND BENEFIT PROGRAM OF THE ASSISTANT SECRETARY WAS REVIEWED AND APPROVED BY THE PROCESS DESCRIBED BELOW FOR SENIOR ADMINISTRATIVE LEADERSHIP. THE COMPENSATION AND BENEFIT PROGRAMS FOR SENIOR ADMINISTRATIVE LEADERSHIP FOR ALL CAMPUSES, INCLUDING THE MAYO CLINIC HEALTH SYSTEM LOCATIONS, ARE REVIEWED AND APPROVED BY THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE. THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE IS COMPRISED OF NINE OF THE EXTERNAL INDEPENDENT MEMBERS OF THE MAYO CLINIC BOARD OF TRUSTEES. THIS GROUP REVIEWS AND APPROVES THE COMPENSATION AND BENEFIT PROGRAMS FOR PHYSICIANS FROM ALL CAMPUSES, AS WELL AS CERTAIN SENIOR ADMINISTRATIVE AND EXECUTIVE LEADERSHIP (INCLUDING ALL PERSONS BELIEVED TO BE DISQUALIFIED PERSONS). THIS PROCESS ESTABLISHES ACCEPTABLE RANGES FOR VARIOUS POSITIONS, LEVELS, AND SPECIALTIES. THE COMMITTEE USES COMPARABILITY DATA (INCLUDING THIRD-PARTY BENCHMARKING SURVEYS) IN ITS REVIEW AND DOCUMENTS DECISIONS IN ITS MINUTES.
FORM 990, PART VI, SECTION C, LINE 19 THE FILING ORGANIZATION'S GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND ALSO ON THE MAYOCLINIC.ORG WEBSITE. MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH IS AN AFFILIATE OF MAYO CLINIC. MAYO CLINIC'S CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST OR THROUGH THE MINNESOTA ATTORNEY GENERAL'S OFFICE.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
 
Employer identification number

41-1506440
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) BLOOMER LAKEVIEW INC
2110 DUNCAN ROAD

BLOOMER,WI54724
39-1450617 		LOW INCOME HOUSING WI 501(C)(3) 7 MCHS--CHIPPEWA VALLEY INC
 
Yes
 
(2) CHARTERHOUSE INC
200 FIRST STREET SW

ROCHESTER,MN55905
41-1405254 		RETIREMENT LIVING CENTER MN 501(C)(3) 9 MAYO CLINIC
 
Yes
 
(3) DESTINATION MEDICAL CENTER EDA
50 SOUTH SIXTH STREET SUITE 1500

MINNEAPOLIS,MN554021498
46-4893585 		ECONOMIC DEVELOPMENT MN 501(C)(3) 11-I MAYO CLINIC
 
Yes
 
(4) GOLD CROSS AMBULANCE SERVICE
200 FIRST STREET SW

ROCHESTER,MN55905
41-1917516 		AMBULANCE SERVICE MN 501(C)(3) 9 MFMER
 
Yes
 
(5) LUTHER LAKESIDE APARTMENTS INC
PO BOX 1510

EAU CLAIRE,WI54702
39-1409024 		LOW INCOME HOUSING FOR ELDERLY WI 501(C)(3) 9 MCHS--EAU CLAIRE HOSPITAL INC
 
Yes
 
(6) MAYO CLINIC
200 FIRST STREET SW

ROCHESTER,MN55905
41-6011702 		PATIENT CARE - CLINIC MN 501(C)(3) 9 N/A
Yes
 
(7) MAYO CLINIC ARIZONA
13400 EAST SHEA BOULEVARD

SCOTTSDALE,AZ85259
86-0800150 		HOSPITAL AND CLINIC AZ 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(8) MAYO CLINIC FLORIDA (A NONPROFIT CORPORATION)
4500 SAN PABLO ROAD

JACKSONVILLE,FL32224
59-0714831 		HOSPITAL FL 501(C)(3) 3 MAYO CLINIC JACKSONVILLE
 
Yes
 
(9) MAYO CLINIC HOSPITAL -- ROCHESTER
200 FIRST STREET SW

ROCHESTER,MN55905
41-0944601 		HOSPITAL MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(10) MAYO CLINIC JACKSONVILLE
4500 SAN PABLO ROAD

JACKSONVILLE,FL32224
59-3337028 		PATIENT CARE - CLINIC FL 501(C)(3) 7 MAYO CLINIC
 
Yes
 
(11) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
200 FIRST STREET SW

ROCHESTER,MN55905
41-1506440 		CHARITABLE, EDUCATIONAL & SCIENTIFIC ACTIVITIES MN 501(C)(3) 9 MAYO CLINIC
 
Yes
 
(12) MAYO KLINIK STIFTUNG
60486 FRANKFURT AM MAIN
FRANKFURT    
GM
FUNDRAISING FOUNDATION GM     MFMER
 
Yes
 
(13) MCHS IN WAYCROSS INC
1900 TEBEAU STREET

WAYCROSS,GA31501
58-1667166 		HOSPITAL GA 501(C)(3) 3 MAYO CLINIC JACKSONVILLE
 
Yes
 
(14) MCHS--ALBERT LEA AND AUSTIN
1000 FIRST DRIVE NW

AUSTIN,MN55912
41-1404075 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(15) MCHS--AUSTIN FOUNDATION
1000 FIRST DRIVE NW

AUSTIN,MN55912
30-0107471 		FUNDRAISING FOUNDATION MN 501(C)(3) 7 MCHS--ALBERT LEA AND AUSTIN
 
Yes
 
(16) MCHS--CANNON FALLS
32021 COUNTY ROAD 24 BLVD

CANNON FALLS,MN55009
20-4156428 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(17) MCHS--CHIPPEWA VALLEY INC
1501 THOMPSON STREET

BLOOMER,WI54724
39-0980343 		HOSPITAL AND CLINIC WI 501(C)(3) 3 MCHS--EAU CLAIRE HOSPITAL INC
 
Yes
 
(18) MCHS--EAU CLAIRE CLINIC INC
733 W CLAIREMONT AVE PO BOX 1510

EAU CLAIRE,WI54702
39-1735831 		PATIENT CARE - CLINIC WI 501(C)(3) 3 MAYO CLINIC
 
 
No
(19) MCHS--EAU CLAIRE FOUNDATION INC
733 W CLAIREMONT AVE PO BOX 1510

EAU CLAIRE,WI54702
39-1633407 		GRANTMAKING FOUNDATION WI 501(C)(3) 11-I MCHS--EAU CLAIRE CLINIC INC
 
 
No
(20) MCHS--EAU CLAIRE HOSPITAL INC
1221 WHIPPLE STREET

EAU CLAIRE,WI54703
39-0813418 		HOSPITAL WI 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(21) MCHS--FAIRMONT
800 MEDICAL CENTER DRIVE PO BOX 800

FAIRMONT,MN56031
41-0760836 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--MANKATO
 
Yes
 
(22) MCHS--FRANCISCAN HEALTHCARE FOUNDATION INC
700 WEST AVE SOUTH

LA CROSSE,WI54601
39-1186647 		FUNDRAISING FOUNDATION WI 501(C)(3) 7 MCHS--FRANCISCAN HEALTHCARE INC
 
Yes
 
(23) MCHS--FRANCISCAN HEALTHCARE FOUNDATION-SPARTA INC
310 WEST MAIN STREET

SPARTA,WI54656
39-1423234 		FUNDRAISING FOUNDATION WI 501(C)(3) 9 MCHS--FRANCISCAN HEALTHCARE INC
 
Yes
 
(24) MCHS--FRANCISCAN HEALTHCARE INC
700 WEST AVE SOUTH

LA CROSSE,WI54601
39-1411999 		HEALTHCARE SYSTEM PARENT WI 501(C)(3) 11-I MAYO CLINIC
 
Yes
 
(25) MCHS--FRANCISCAN MEDICAL CENTER INC
700 WEST AVE SOUTH

LA CROSSE,WI54601
39-0806374 		HOSPITAL AND CLINIC WI 501(C)(3) 3 MCHS--FRANCISCAN HEALTHCARE INC
 
Yes
 
(26) MCHS--HOME HEALTH & HOSPICE INC
PO BOX 2060

EAU CLAIRE,WI54702
39-1491516 		HOME HEALTH AND HOSPICE CARE WI 501(C)(3) 9 MCHS--EAU CLAIRE HOSPITAL INC
 
Yes
 
(27) MCHS--LAKE CITY
500 WEST GRANT STREET

LAKE CITY,MN55041
41-1906820 		HOSPITAL MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(28) MCHS--MANKATO
1025 MARSH STREET

MANKATO,MN56002
41-1236756 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(29) MCHS--MANKATO HEALTH CARE FOUNDATION
1025 MARSH STREET

MANKATO,MN56002
41-1663357 		FUNDRAISING FOUNDATION MN 501(C)(3) 7 MCHS--MANKATO
 
Yes
 
(30) MCHS--NEW PRAGUE
301 SECOND STREET NE

NEW PRAGUE,MN56071
41-0723639 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--MANKATO
 
Yes
 
(31) MCHS--NORTHLAND INC
1222 EAST WOODLAND AVENUE

BARRON,WI54812
39-0920634 		HOSPITAL AND CLINIC WI 501(C)(3) 3 MCHS--EAU CLAIRE HOSPITAL INC
 
Yes
 
(32) MCHS--OAKRIDGE INC
13025 EIGHTH STREET PO BOX 70

OSSEO,WI54758
39-1029430 		HOSPITAL AND CLINIC WI 501(C)(3) 3 MCHS--EAU CLAIRE HOSPITAL INC
 
Yes
 
(33) MCHS--OWATONNA
134 SOUTHVIEW ST

OWATONNA,MN55060
41-1862132 		PATIENT CARE - CLINIC MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(34) MCHS--RED CEDAR INC
2321 STOUT ROAD

MENOMONIE,WI54751
51-0190875 		HOSPITAL AND CLINIC WI 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(35) MCHS--RED WING
701 HEWITT BOULEVARD

RED WING,MN55066
41-1713783 		PATIENT CARE SERVICES MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(36) MCHS--SPRINGFIELD
625 NORTH JACKSON AVENUE

SPRINGFIELD,MN56087
41-1893827 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--MANKATO
 
Yes
 
(37) MCHS--ST JAMES
1101 MOULTON PARSONS DR PO BOX 460

ST JAMES,MN56081
41-0797368 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--MANKATO
 
Yes
 
(38) MCHS--ST JAMES HEALTH CARE FOUNDATION
1101 MOULTON PARSONS DR PO BOX 460

ST JAMES,MN56081
41-1444129 		FUNDRAISING FOUNDATION MN 501(C)(3) 7 MCHS--ST JAMES
 
Yes
 
(39) MCHS--SUPPORTIVE HOMECARE INC
PO BOX 2060

EAU CLAIRE,WI54702
39-1686673 		HOME HEALTH CARE WI 501(C)(3) 9 MCHS--EAU CLAIRE HOSPITAL INC
 
Yes
 
(40) MCHS--WASECA
501 NORTH STATE STREET

WASECA,MN56093
36-3606405 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--MANKATO
 
Yes
 
(41) MILES AND SHIRLEY FITERMAN ENDOWMENT FUND FOR DIGESTIVE DISEASES
200 FIRST STREET SW

ROCHESTER,MN55905
41-2020392 		SUPPORT RESEARCH, PRACTICE & EDUCATION MN 501(C)(3) 11-I MAYO CLINIC
 
Yes
 
(42) POVERELLO FOUNDATION
200 FIRST STREET SW

ROCHESTER,MN55905
41-1494881 		FUNDRAISING FOUNDATION MN 501(C)(3) 7 MAYO CLINIC HOSPITAL - ROCHESTER
 
Yes
 
(43) ANTIOCH II FOUNDATION
230 FRONT STREET NORTH

LA CROSSE,WI54602
20-8185576 		FUNDRAISING FOUNDATION WI 501(C)(3) 11-I N/A
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) FRANKLIN HEATING STATION

119 THIRD ST SW
ROCHESTER,MN55902
41-0264830 		UTILITY MN N/A
                  
(2) LATIGO PETROLEUM LLC

PO BOX 14230
ODESSA,TX79768
36-4767494 		OIL & GAS EXPLORATION DE N/A
                  
(3) PHYSICIAN SOFTWARE SYSTEMS LLC

3333 WARRENVILLE ROAD SUITE 200
LISLE,IL60532
45-3414836 		HEALTHCARE RELATED SOFTWARE IL MFMER
  		UNRELATED -827,429 2,879,549   No   Yes   49.580 %
(4) WATERSHED CAP INSTL PRTNRS III LP

ONE MARITIME PLAZA SUITE 1525
SAN FRANCISCO,CA94111
46-2982848 		INVESTMENT ACTIVITIES DE N/A
                  






Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) BWL HOLDINGS INC

1209 ORANGE STREET
WILMINGTON,DE19801
47-2413749 		OIL & GAS EXPLORATION DE N/A
 C       Yes  
(2) AMBIENT CLINICAL ANALYTICS INC

221 1ST AVE SW SUITE 202
ROCHESTER,MN55902
80-0928405 		SOFTWARE DE MFMER
  		C   117,463 51.330 % Yes  
(3) CAVALRY CLO III LTD

PO BOX 1093 GT QUEENSGATE HOUSE S
GRAND CAYMAN    
CJ
INVESTMENT ACTIVITIES CJ N/A
 C       Yes  
(4) CAVALRY CLO IV LTD

PO BOX 1093 GT QUEENSGATE HOUSE S
GRAND CAYMAN    
CJ
INVESTMENT ACTIVITIES CJ N/A
 C       Yes  
(5) GMO GLOBAL BOND INVESTMENT FUND

78 SIR JOHN ROGERSONS QUAY
DUBLIN 2    
EI
OTHER FINANCIAL INVESTMENT ACTIVITIES EI N/A
         Yes  
(6) HEALTH TRADITION HEALTH PLAN

1808 EAST MAIN STREET
ONALASKA,WI54650
39-1545987 		MEDICAL SERVICES COMPANY WI N/A
 C       Yes  
(7) LOBSS NETWORK SUPPORT 2002 INC

200 FIRST STREET SW
ROCHESTER,MN55905
48-1276150 		ADMINISTRATIVE SERVICES MN N/A
 C       Yes  
(8) MAYO CLINIC GBS MAURITIUS

2ND FLOOR EBENE MEWS 57
EBENE CYBERCITY    
MP
HEALTHCARE MANAGEMENT MP MFMER
  		C   2,878 100.000 % Yes  
(9) MAYO CLINIC SUPPORT SERVICES TEXAS

200 FIRST STREET SW
ROCHESTER,MN55905
47-1751102 		HEALTH SERVICES TX N/A
 C       Yes  
(10) MAYO HOLDING COMPANY

200 FIRST STREET SW
ROCHESTER,MN55905
41-1578020 		HOLDING COMPANY MN N/A
 C       Yes  
(11) MAYO INSURANCE COMPANY LTD

200 FIRST STREET SW
ROCHESTER,MN55905
 SELF INSURANCE POOL CJ N/A
 C       Yes  
(12) MCHS--DECORAH CLINIC PHYSICIANS

907 MONTGOMERY STREET
DECORAH,IA52101
41-1711329 		PATIENT CARE - CLINIC IA N/A
 C       Yes  
(13) MCHS--PHARMACY & HOME MEDICAL INC

1221 WHIPPLE STREET
EAU CLAIRE,WI54703
39-1528920 		PHARMACY SERVICES WI N/A
 C       Yes  
(14) MMSI INC

21 FIRST STREET SW
ROCHESTER,MN55905
41-1547003 		THIRD PARTY ADMINISTRATION SERVICES MN N/A
 C       Yes  
(15) RESOUNDANT INC

221 1ST AVE SW
ROCHESTER,MN55902
46-1661978 		MANUFACTURING MEDICAL DEVICE COMPONENT MN MFMER
  		C 2,159,247 2,216,365 60.000 % Yes  
(16) ROCHESTER AIRPORT COMPANY

ROUTE 2
ROCHESTER,MN55902
41-0506870 		AIRPORT MANAGEMENT MN N/A
 C       Yes  
(17) SATILLA HEALTHNET INC

1900 TEBEAU STREET
WAYCROSS,GA31501
58-2151076 		HEALTH SERVICES GA N/A
 C       Yes  
(18) SUPERBLOCK 3 PROPERTY OWNERS ASSOCIATION

13400 E SHEA BLVD
SCOTTSDALE,AZ85259
86-0870505 		COMMERCIAL PROPERTY OWNERS ASSOCIATION AZ N/A
 C       Yes  
(19) THE STABILE BUILDING OWNERS' ASSOCIATION

200 FIRST STREET SW
ROCHESTER,MN55905
20-8994499 		COMMERCIAL PROPERTY OWNERS ASSOCIATION MN N/A
 C       Yes  
(20) CHARITABLE LEAD TRUST

 
 
CHARITABLE TRUST CA N/A
 T       Yes  
(21) PERPETUAL TRUST

 
 
CHARITABLE TRUST ND N/A
 T       Yes  
(22) PERPETUAL TRUST

 
 
CHARITABLE TRUST AZ N/A
 T       Yes  
(23) PERPETUAL TRUST

 
 
CHARITABLE TRUST LA N/A
 T       Yes  
(24) PERPETUAL TRUST (2)

 
 
CHARITABLE TRUST MA N/A
 T       Yes  
(25) PERPETUAL TRUST

 
 
CHARITABLE TRUST MO N/A
 T       Yes  
(26) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST AZ N/A
 T       Yes  
(27) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST CO N/A
 T       Yes  
(28) CHARITABLE REMAINDER TRUST (9)

 
 
CHARITABLE TRUST FL N/A
 T       Yes  
(29) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST LA N/A
 T       Yes  
(30) CHARITABLE REMAINDER TRUST (73)

 
 
CHARITABLE TRUST MN N/A
 T       Yes  
(31) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST NC N/A
 T       Yes  
(32) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST NM N/A
 T       Yes  
(33) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST NV N/A
 T       Yes  
(34) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST NY N/A
 T       Yes  
(35) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST TX N/A
 T       Yes  
(36) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST WI N/A
 T       Yes  
(37) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST CO N/A
 T       Yes  
(38) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST IL N/A
 T       Yes  
(39) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST MI N/A
 T       Yes  
(40) CHARITABLE REMAINDER TRUST (70)

 
 
CHARITABLE TRUST MN N/A
 T       Yes  
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) CHARTERHOUSE INC

 Q 18,512,203 GAAP
(2) CHARTERHOUSE INC

 S 258,853 GAAP
(3) FRANKLIN HEATING STATION

 Q 34,006,738 GAAP
(4) GOLD CROSS AMBULANCE SERVICE

 C 5,000,000 GAAP
(5) GOLD CROSS AMBULANCE SERVICE

 Q 24,741,427 GAAP
(6) GOLD CROSS AMBULANCE SERVICE

 R 997,388 GAAP
(7) MAYO CLINIC ARIZONA

 L 186,378 GAAP
(8) MAYO CLINIC ARIZONA

 P 136,401 GAAP
(9) MAYO CLINIC ARIZONA

 Q 885,579,649 GAAP
(10) MAYO CLINIC ARIZONA

 R 2,702,978 GAAP
(11) MAYO CLINIC ARIZONA

 S 22,677,164 GAAP
(12) MAYO CLINIC FLORIDA

 Q 249,768,180 GAAP
(13) MAYO CLINIC FLORIDA

 R 765,161 GAAP
(14) MAYO CLINIC FLORIDA

 S 3,196,597 GAAP
(15) MAYO CLINIC HOSPITAL - ROCHESTER

 P 52,109 GAAP
(16) MAYO CLINIC HOSPITAL - ROCHESTER

 Q 909,001,685 GAAP
(17) MAYO CLINIC HOSPITAL - ROCHESTER

 R 8,686,882 GAAP
(18) MAYO CLINIC HOSPITAL - ROCHESTER

 S 16,892,176 GAAP
(19) MAYO CLINIC JACKSONVILLE

 L 197,809 GAAP
(20) MAYO CLINIC JACKSONVILLE

 P 129,964 GAAP
(21) MAYO CLINIC JACKSONVILLE

 Q 531,506,858 GAAP
(22) MAYO CLINIC JACKSONVILLE

 R 1,796,187 GAAP
(23) MAYO CLINIC JACKSONVILLE

 S 15,239,598 GAAP
(24) MAYO HOLDING COMPANY

 Q 462,014 GAAP
(25) MCHS IN WAYCROSS INC

 Q 218,425 GAAP
(26) MCHS-CHIPPEWA VALLEY INC

 Q 26,240,188 GAAP
(27) MCHS--DECORAH CLINIC PHYSICIANS

 Q 7,772,062 GAAP
(28) MCHS-EAU CLAIRE CLINIC INC

 Q 195,664,541 GAAP
(29) MCHS-EAU CLAIRE CLINIC INC

 S 970,380 GAAP
(30) MCHS-EAU CLAIRE FOUNDATION INC

 Q 191,564 GAAP
(31) MCHS-EAU CLAIRE HOSPITAL INC

 Q 166,215,964 GAAP
(32) MCHS-EAU CLAIRE HOSPITAL INC

 S 1,729,062 GAAP
(33) MCHS-FAIRMONT

 L 83,286 GAAP
(34) MCHS-FAIRMONT

 Q 43,824,952 GAAP
(35) MCHS-HOME HEALTH & HOSPICE INC

 Q 5,814,497 GAAP
(36) MCHS-LAKE CITY

 Q 16,462,229 GAAP
(37) MCHS-MANKATO

 L 119,368 GAAP
(38) MCHS-MANKATO

 M 214,854 GAAP
(39) MCHS-MANKATO

 Q 159,683,775 GAAP
(40) MCHS-NEW PRAGUE

 Q 13,067,505 GAAP
(41) MCHS-NORTHLAND INC

 Q 40,559,547 GAAP
(42) MCHS-OAKRIDGE INC

 Q 20,973,485 GAAP
(43) MCHS-OWATONNA

 Q 11,313,850 GAAP
(44) MCHS-PHARMACY & HOME MEDICAL INC

 Q 29,104,520 GAAP
(45) MCHS-RED CEDAR INC

 L 165,451 GAAP
(46) MCHS-RED CEDAR INC

 Q 57,777,153 GAAP
(47) MCHS-RED CEDAR INC

 S 87,868 GAAP
(48) MCHS-SPRINGFIELD

 Q 4,719,416 GAAP
(49) MCHS-ST JAMES

 Q 6,821,581 GAAP
(50) MCHS-WASECA

 Q 6,501,190 GAAP
(51) MMSI INC

 L 2,059,312 GAAP
(52) MMSI INC

 P 15,274,794 GAAP
(53) MMSI INC

 Q 24,427,710 GAAP
(54) MMSI INC

 R 2,103,446 GAAP
(55) MMSI INC

 S 2,572,599 GAAP
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2014
Additional Data


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