Mchs -- Southeast Minnesota Region

“The following individual(s) is/are employed by a related organization: plate m.d., reinold h. Resulting in a business relationship with the following individual(s) who is/are associated with the related organization as an officer, director, or trustee: tarasovitch, james j., parks, douglas a., koch, mark b., agerter m.d., david c. The following individual(s) is/are employed by a related organization: tarasovitch, james j. Resulting in a business relationship with the following individual(s) who is/are associated with the related organization as an officer, director, or trustee: koch, mark b. Ytterberg m.d., karen l. Gabrielson, sharon r. Have a business relationship as they serve as an officer, director, or trustee of health tradition health plan, a related taxable entity. Mark ciota and michael s. Funk have a business relationship.”

“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 sole corporate member is mayo clinic.”

“The sole corporate member elects trustees to the board.”

“Amendment of articles or bylaws require approval by both the governing body and the sole corporate member. The bylaws provide the sole corporate member certain reserved powers in areas such as capital, budget, and debt decisions.”

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

“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 region chief financial officer and finance director, along with site finance staff. A copy of the form 990 is then provided to each member of the filing organization's governing body via us mail, e-mail, or distribution at a board meeting. All questions are 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 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 salaries and benefit programs of the chief executive officer (ceo) and the chief administrative officer (cao) were 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.”

“The filing organization's governing documents are not available to the public. The conflict of interest policy is available upon request and is also on the mayoclinic.org website. The filing organization is a hospital 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.”

“I/c purchased services: program service expenses 28,474,234. Management and general expenses 10,727,283. Fundraising expenses 10,159. Total expenses 39,211,676. Other purchased services: program service expenses 9,674,621. Management and general expenses 1,847,201. Fundraising expenses 0. Total expenses 11,521,822.”

“Change in net assets of foundation -2,653,097. Losses on uncollectible pledges -330.”