Civic Intelligence

Mayo Medical Alumni Association

990 • Fiscal year 2015 • EIN 41-1995295

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 26, 2016

Organization ProfileWWW.MAYO.EDU
200 1st Street SW Siebens 5Rochester, MN 55905

(507) 538-0162

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

56th percentile

2.2%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-12%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$1,199,361

Up $26,382 (+2.2%) from 2014

Net Assets

Up

$1,181,712

Up $16,749 (+1.4%) from 2014

Liabilities

Up

$17,649

Up $9,633 (+120%) from 2014

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin71st percentile

Revenue

Down

$569,922

Down $75,121 (-12%) from 2014

Expenses

Down

$498,500

Down $92,435 (-16%) from 2014

Net Income

Up

$71,422

Up $17,314 (+32%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,108,251Liabilities 2010: $70,341Net Assets 2010: $1,037,9102010Assets 2011: $1,123,068Liabilities 2011: $73,808Net Assets 2011: $1,049,2602011Assets 2012: $1,166,686Liabilities 2012: $1,341Net Assets 2012: $1,165,3452012Assets 2013: $1,223,823Liabilities 2013: $104,624Net Assets 2013: $1,119,1992013Assets 2014: $1,172,979Liabilities 2014: $8,016Net Assets 2014: $1,164,9632014Assets 2015: $1,199,361Liabilities 2015: $17,649Net Assets 2015: $1,181,7122015Assets 2016: $1,169,519Liabilities 2016: $29,039Net Assets 2016: $1,140,4802016Assets 2017: $1,144,193Liabilities 2017: $36,360Net Assets 2017: $1,107,8332017Assets 2018: $1,091,130Liabilities 2018: $19,370Net Assets 2018: $1,071,7602018Assets 2019: $1,412,815Liabilities 2019: $50,995Net Assets 2019: $1,361,8202019Assets 2020: $1,770,805Liabilities 2020: $17,806Net Assets 2020: $1,752,9992020Assets 2021: $2,120,592Liabilities 2021: $9,001Net Assets 2021: $2,111,5912021Assets 2022: $2,087,397Liabilities 2022: $14,860Net Assets 2022: $2,072,5372022Assets 2023: $2,012,677Liabilities 2023: $1,347,067Net Assets 2023: $665,6102023Assets 2024: $1,859,397Liabilities 2024: $1,259,417Net Assets 2024: $599,9802024

Highlighted filing

2015

Assets$1,199,361
Liabilities$17,649
Net Assets$1,181,712
Open 2015 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $464,6462010Revenue 2011: $586,696Expenses 2011: $565,233Net Income 2011: $21,4632011Expenses 2012: $472,6882012Revenue 2013: $478,764Expenses 2013: $540,744Net Income 2013: -$61,9802013Revenue 2014: $645,043Expenses 2014: $590,935Net Income 2014: $54,1082014Revenue 2015: $569,922Expenses 2015: $498,500Net Income 2015: $71,4222015Revenue 2016: $594,570Expenses 2016: $636,326Net Income 2016: -$41,7562016Revenue 2017: $600,073Expenses 2017: $642,381Net Income 2017: -$42,3082017Revenue 2018: $798,971Expenses 2018: $814,848Net Income 2018: -$15,8772018Revenue 2019: $957,521Expenses 2019: $688,585Net Income 2019: $268,9362019Revenue 2020: $602,565Expenses 2020: $215,445Net Income 2020: $387,1202020Revenue 2021: $773,730Expenses 2021: $439,471Net Income 2021: $334,2592021Revenue 2022: $694,543Expenses 2022: $681,176Net Income 2022: $13,3672022Revenue 2023: $496,797Expenses 2023: $495,998Net Income 2023: $7992023Revenue 2024: $670,551Expenses 2024: $736,978Net Income 2024: -$66,4272024

Highlighted filing

2015

Revenue$569,922
Expenses$498,500
Net Income$71,422
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 26, 2016
Return Version
2015v2.1
Gross Receipts
$931,018
Mission and Program Overview

Mission

To create a mutually beneficial relationship between mayo clinic and alumni for the purpose of promoting and preserving excellence in teh fields of medical practive, education, and research.

The mission of the organization is to create a mutually beneficial relationship between mayo clinic and alumni for the purpose of promoting and preserving excellence in the fields of medical practice, education and research

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$319,697$460,962▲ $141,265
Cash and Non-Interest-Bearing Accounts$242,255$415,058▲ $172,803
Investments in Publicly Traded Securities$486,937$187,418▼ $299,519
Inventories for Sale or Use$116,277$108,754▼ $7,523
Prepaid Expenses and Deferred Charges$7,737$27,169▲ $19,432
Accounts Receivable$76--
Total Assets$1,172,979$1,199,361▲ $26,382
Liabilities
Grants Payable-$12,537-
Accounts Payable and Accrued Expenses$8,016$5,112▼ $2,904
Total Liabilities$8,016$17,649▲ $9,633
Net Assets / Fund Balance
Unrestricted Net Assets$1,091,580$1,111,180▲ $19,600
Temporarily Rstr Net Assets$73,383$70,532▼ $2,851
Total Net Assets Fund Balance$1,164,963$1,181,712▲ $16,749
Total Liabilities and Net Assets / Fund Balance$1,172,979$1,199,361▲ $26,382
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Juan M SarmientoPast President
Susheela BalaPresident
Eric S EdellPresident Elect
Carl L BackerVice President
Alan M FreedmanBoard Member
Burkhard W WippermannBoard Member
David C AgerterBoard Member
David M SkillrudBoard Member
Dawn Marie DavisBoard Member
Enrique WolpertBoard Member
George B BartleyBoard Member
Holly GeyerBoard Member
John P LoftusBoard Member
Kennith F LaytonBoard Member
Loui MaherBoard Member
Maria G ValdesBoard Member
Mary M ReynoldsBoard Member
Olayemi SokumbiBoard Member
Robert L BrattonBoard Member
Robert P ShannonBoard Member
Serta M CicekBoard Member
Steven RoseBoard Member
Theresa EmoryBoard Member
Judith D AndersonDirector
Peter C AmadioSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$402,685
Program Service Revenue
$67,923
Investment Income
$99,314
Other Revenue
$0
All Other Contributions
$31,515
Change in Net Assets
$71,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$567,985
Revenue Not Reported on Financial Statements
$1,937
Revenue Not Reported on Form 990
$38,613
Total Revenue per Audited Statements
$606,598
Total Revenue per Form 990
$569,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$454,071
Grants and Similar Amounts Paid$4,025
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$335,233$49,342$0$384,575
Office Expenses$1,584$48,374$0$49,958
Benefits to Members$40,404--$40,404
Fees for Services Accounting$0$6,820$0$6,820
Insurance$0$4,175$0$4,175
Grants to Domestic Individuals$4,025--$4,025
Other Expenses$2,857$263$0$3,120
Fees for Services Other$0$2,000$0$2,000
Fees for Service Investment Mgmnt Fees$0$1,937$0$1,937
Information Technology$0$1,486$0$1,486
Total Functional Expenses$384,103$114,397$0$498,500

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$589,849
Total Expenses per Form 990$498,499
Expenses per Audited Statements$496,562
Expenses Not Reported on Form 990$93,287
Expenses Not Reported on Financial Statements$1,937
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Mayo Clinic Alumni Association
EIN
41-1995295
Phone
5075380162
Address
200 1ST STREET SW SIEBENS 5, ROCHESTER, MN 55905

Signing Officer

Name
Judith D Anderson
Title
Executive Director
Phone
5075380162
Signed
2016-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judith D Anderson
Formed
2003
Legal Domicile
Mn
Voting Board Members
32
Independent Board Members
31
Employees
0
Volunteers
50

Preparer

Firm
Thomas M Cummings CPA
Address
3135A SUPERIOR DR NW, ROCHESTER, MN 55901
Preparer
Thomas Cummings CPA
Phone
5072812655
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A copy of the form 990 is present to the executive board for approval prior to filing.”

Pt XII, Line 2C

“The executive committee of the board of directors reviews and approves the annual financial statements and audit.”

Financial Statement Notes

Pt XI, Line 2D

“Cost of alumni memorabilia sold”

Pt XII, Line 2D

“Cost of alumni memorabilia sold”

Raw XML AppendixShowing 400 of 471 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08016
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05112
IRS990/AccountsReceivableGrp/BOYAmt076
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF THE ORGANIZATION IS TO CREATE A MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN MAYO CLINIC AND ALUMNI FOR THE PURPOSE OF PROMOTING AND PRESERVING EXCELLENCE IN THE FIELDS OF MEDICAL PRACTICE, EDUCATION AND RESEARCH
IRS990/AllOtherContributionsAmt031515
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt040404
IRS990/BenefitsToMembersGrp/TotalAmt040404
IRS990/BooksInCareOfDetail/PersonNm0JUDITH D ANDERSON
IRS990/BooksInCareOfDetail/PhoneNum05072842353
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 1ST STREET SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055905
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0242255
IRS990/CashNonInterestBearingGrp/EOYAmt0415058
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt049342
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0335233
IRS990/ConferencesMeetingsGrp/TotalAmt0384575
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt040404
IRS990/CYContributionsGrantsAmt0402685
IRS990/CYGrantsAndSimilarPaidAmt04025
IRS990/CYInvestmentIncomeAmt099314
IRS990/CYOtherExpensesAmt0454071
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt067923
IRS990/CYRevenuesLessExpensesAmt071422
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0498500
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0569922
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE ORGANIZATION HELD MORE THAN 100 MEETINGS AND EVENTS FOR ALUMNI OF MAYO MEDICAL SCHOOL AND MAYO SCHOOL OF GRADUATE MEDICAL EDUCATION.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0343699
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06820
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt06820
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt02000
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt01937
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt01937
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt221
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt231
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt241
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0SUSHEELA BALA
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC S EDELL
IRS990/Form990PartVIISectionAGrp/PersonNm2CARL L BACKER
IRS990/Form990PartVIISectionAGrp/PersonNm3PETER C AMADIO
IRS990/Form990PartVIISectionAGrp/PersonNm4JUAN M SARMIENTO
IRS990/Form990PartVIISectionAGrp/PersonNm5JUDITH D ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID C AGERTER
IRS990/Form990PartVIISectionAGrp/PersonNm7GEORGE B BARTLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8DAWN MARIE DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT P SHANNON
IRS990/Form990PartVIISectionAGrp/PersonNm10HOLLY GEYER
IRS990/Form990PartVIISectionAGrp/PersonNm11MARIA G VALDES
IRS990/Form990PartVIISectionAGrp/PersonNm12LOUI MAHER
IRS990/Form990PartVIISectionAGrp/PersonNm13STEVEN ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT L BRATTON
IRS990/Form990PartVIISectionAGrp/PersonNm15SERTA M CICEK
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN P LOFTUS
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID M SKILLRUD
IRS990/Form990PartVIISectionAGrp/PersonNm18OLAYEMI SOKUMBI
IRS990/Form990PartVIISectionAGrp/PersonNm19THERESA EMORY
IRS990/Form990PartVIISectionAGrp/PersonNm20ALAN M FREEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm21ENRIQUE WOLPERT
IRS990/Form990PartVIISectionAGrp/PersonNm22BURKHARD W WIPPERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm23KENNITH F LAYTON
IRS990/Form990PartVIISectionAGrp/PersonNm24MARY M REYNOLDS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt044132
IRS990/GainOrLossGrp/SecuritiesAmt037046
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt032
IRS990/GrantsPayableGrp/EOYAmt012537
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt04025
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt04025
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0137419
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0304855
IRS990/GrossReceiptsAmt0931018
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt031
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01486
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt01486
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt04175
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt04175
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0116277
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0108754
IRS990/InvestmentIncomeGrp/ExclusionAmt018136
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018136
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0486937
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0187418
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/JointCostsInd0X
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt093287
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0267809
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0371170
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS TO CREATE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01164963
IRS990/NetAssetsOrFundBalancesEOYAmt01181712
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt081178
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt081178
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048374
IRS990/OfficeExpensesGrp/ProgramServicesAmt01584
IRS990/OfficeExpensesGrp/TotalAmt049958
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0263
IRS990/OtherExpensesGrp/ProgramServicesAmt02857
IRS990/OtherExpensesGrp/TotalAmt03120
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07737
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027169
IRS990/PrincipalOfficerNm0JUDITH D ANDERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066181
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11742
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION HELD APPROXIMATELY 30 EVENTS AND ACTIVITIES FOR MAYO FELLOW'S. THESE EVENTS ARE DESIGNED TO HELP MAYO FELLOW'S DURING THEIR EDUCATION AT MAYO SCHOOLS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt040404
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt035423
IRS990/PYContributionsGrantsAmt0475699
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01900
IRS990/PYInvestmentIncomeAmt044317
IRS990/PYOtherExpensesAmt0553612
IRS990/PYOtherRevenueAmt059476
IRS990/PYProgramServiceRevenueAmt065551
IRS990/PYRevenuesLessExpensesAmt054108
IRS990/PYTotalExpensesAmt0590935
IRS990/PYTotalRevenueAmt0645043
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt071422
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt067923
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0319697
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0460962
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0402685
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0475699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0382455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0396356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0383511
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02040706
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018136
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt026109
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt020687
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt035594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt023975
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0124501
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0137419
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0205737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0156712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0185331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0247277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0932476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018136
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt026109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt020687
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt035594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt023975
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0124501
IRS990ScheduleA/InvestmentIncomeCYPct00.04020
IRS990ScheduleA/InvestmentIncomePYPct00.04300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.95980
IRS990ScheduleA/PublicSupportPY509Pct00.95700
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt02973182
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0540104
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0681436
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0539167
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0581687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0630788
IRS990ScheduleA/Total509Grp/TotalAmt02973182
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03097683
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt093287
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01937
IRS990ScheduleD/ExpensesSubtotalAmt0496562
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01937
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01937
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-54674
IRS990ScheduleD/OtherExpensesIncludedAmt093287
IRS990ScheduleD/OtherRevenueAmt093287
IRS990ScheduleD/RevenueNotReportedAmt038613
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01937
IRS990ScheduleD/RevenueSubtotalAmt0567985
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF ALUMNI MEMORABILIA SOLD
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF ALUMNI MEMORABILIA SOLD
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalExpensesPerForm990Amt0498499
IRS990ScheduleD/TotalRevenuePerForm990Amt0569922
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0606598
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0589849
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PRESENT TO THE EXECUTIVE BOARD FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE ANNUAL FINANCIAL STATEMENTS AND AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt073383
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt070532
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01172979

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,199,361
Liabilities
$17,649
Net assets
$1,181,712
Revenue
$569,922
Expenses
$498,500
Net income
$71,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.26$0.60$0.67$0.74$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.01$1.35$0.67$0.50$0.50$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.01$2.07$0.69$0.68$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.12$0.01$2.11$0.77$0.44$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.02$1.75$0.60$0.22$0.39
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.05$1.36$0.96$0.69$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$0.80$0.81$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.04$1.11$0.60$0.64$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.17$0.03$1.14$0.59$0.64$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.02$1.18$0.57$0.50$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.01$1.16$0.65$0.59$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.22$0.10$1.12$0.48$0.54$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.47
2011Summary only. Only limited summary data is available for this year.$1.12$0.07$1.05$0.59$0.57$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.07$1.04$0.46