Mayo Clinic Group Return

“The following individuals, who are listed in part vii as a current officer, director, trustee or key employee, have a business relationship with one or more of the other individuals here listed because one is employed by a related tax exempt organization for which the other serves as an officer, director, or trustee. Anil m.d., gokhan, bakkum-gamez, m.d., jamie n., becker, john, bolton, jeffrey w., brandt, terry l., brolsma, greg, brown m.d., michael j., brown, william a., buskirk m.d., steven j., caplan, sherry m., casler m.d., john d., cima m.d., robert r., ciota m.d., mark r., cooper m.d., leslie t., craig, jason e., crane m.d., sarah j., crockett, eric d., cross iii m.d., william w., dahlen, dennis e., davis, amy l., devault m.d., kenneth r., dowdy m.d., sean c., dronca m.d., roxana s., drucker, paul e., eberle, michele r., farrugia m.d., gianrico, francis, james r., frederick, ryannon k., froisland, jeffrey r., galindez jr., peter, gores m.d., gregory j., gostout m.d., bobbie s., goyal m.d., deepi g., gray m.d., richard j., gudgell, stephen f., hakaim m.d., albert g., hansen, julie s., harper jr., m.d., charles m., hebl m.d., james r., hellmich m.d., thomas r., helmers m.d., richard a., hoffman iii, harry n., hubert, sherry l., johnson m.d., margaret m., johnson, carla j., johnson, ryan r., kelley, sharon m., klimp, mary j., leibovich m.d., bradley c., limburg m.d., paul j., limper m.d., andrew h., lindahl, roger a., lindberg, steven j., lockett, kevin m., mclaughlin m.d., sarah a., mekala, praveen, melvin, kevin b., menkosky, paula e., meyer m.d., fredric b., meyers, ann m., morice m.d., william g., morrey, michael a., morris m.d., marie e., mueller m.d., paul s., murphy, joshua b., narr m.d., bradly j., nelson m.d., heidi, nordrum, charlotte j., otley m.d., clark c., pascual m.d., jorge m., patel m.b., tushar c., powell iii m.d., ralph, priest, william f., quinones-hinojosa m.d., alfredo, rihal m.d., charanjit s., robelia m.d., paul m., rustad, christopher d., sadosty m.d., annie t., sandgren, kent a., santrach m.d., paula j., sharma m.b.b.s., manish s., taner m.d., burcin c., thielen m.d., kent r., thompson m.d., geoffrey b., thoreson, scott d., ting m.d., henry h., wald m.d., john t., weber, joan a., weis, carol, whited m.d., brian l., williams m.d., amy w., williamson, mary j., zietlow m.d., scott p., zorn, christina k., *********************************************** hubert, sherry l., lindahl, roger a., have a business relationship as they serve as an officer, director, or trustee of mayo clinic support services, texas, a related taxable entity. Adleman, breeann m., froisland, jeffrey r., menkosky, paula e., have a business relationship as they serve as an officer, director, or trustee of superblock 3 property owners association, a related taxable entity. Dahlen, dennis e., gabrielson, sharon r., hubert, sherry l., lindahl, roger a., murphy, joshua b., have a business relationship as they serve as an officer, director, or trustee of mayo holding company, a related taxable entity. Dahlen, dennis e., hoffman iii, harry n., have a business relationship as they serve as an officer, director, or trustee of mayo insurance company, ltd, a related taxable entity. Bolton, jeffrey w., rogers, james a., williamson, mary j., have a business relationship as they serve as an officer, director, or trustee of resoundant, inc, a related taxable entity. Helmers m.d., richard a., lindberg, steven j., morrey, michael a., have a business relationship as they serve as an officer, director, or trustee of mchs--pharmacy & home medical, inc, a related taxable entity.”

“Mayo clinic, mayo foundation for medical education and research 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.”

“The members of each subordinate in the mayo clinic group return are mayo clinic and/or a subordinate of mayo clinic.”

“In most cases, the subordinate's governing bodies are elected, nominated, designated, appointed, approved and/or confirmed by mayo clinic and/or a subordinate of mayo clinic.”

“The articles and/or bylaws provide the corporate member or members power in areas such as compensation, capital, budget, debt, and approval of amendments to the articles and bylaws.”

“The filing organization has no committees with the authority to act on behalf of the board.”

“The form 990 was prepared by mayo corporate tax with assistance from accounting staff. The tax return went through two levels of review within the corporate tax unit (including review by the tax director). A copy of the form 990 was then provided to each member of the governing body via u.s. Mail, e-mail, or distribution at a board meeting. All questions were addressed prior to filing the form 990.”

“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.”

“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 executive leadership, physicians, scientists, attorneys, 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 benefits of the chief executive officer (ceo) and the chief administrative officer (cao) of mayo clinic were reviewed and approved by the process described below for executive leadership. The compensation and benefits of executive leadership, physicians, scientists, attorneys, and senior administrative 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 executive leadership, physicians, scientists, attorneys and certain senior administrative leadership from all campuses (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. In addition, the mayo clinic board of trustees governance and nominating committee directly retains an independent third-party compensation consultant to provide relevant, contemporaneous benchmark information for a small group of executive leadership and senior physician positions for which an individualized review and recommendation is made.”

“The governing documents for the subordinates within this return are not available to the public. The conflict of interest policy is available upon request and also on the mayoclinic.org website. Some of the subordinates within this group return are hospitals affiliated with mayo clinic. As such, mayo clinic's consolidated audited financial statements are attached to the filing organization's form 990 and would be available upon request of the form 990.”

“Change in lease accounting -487,263. Pension-post retirement -6,476,776. Loss on uncollectible pledges -185,687. Refunds of contributions -1,600.”

“Contributions reported on schedule b are on a group basis with the dollar and percentage thresholds applied at the subordinate level. These thresholds include the greater of $5,000 or 2% of total contributions for section 501(c)(3) organizations described in sections 509(a)(1) and 170(b)(1)(a)(vi). For purposes of schedule b, mayo clinic jacksonville and mayo clinic arizona reported contributions using the 2% threshold. Contributions for all other subordinates were determined using the $5,000 threshold.”