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Nonprofit · EIN 34-0714585

THE CLEVELAND CLINIC FOUNDATION

Tax-exempt · INDEPENDENCE, OH 44131

Financials

$9B$8.5B2023$9.7B$9.4B2024
Revenue Expenses · by fiscal year end
Financials of THE CLEVELAND CLINIC FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,680,031,802$9,434,081,551$245,950,251$17,384,365,197$8,600,468,684$8,783,896,513
December 31, 2023990$8,958,297,084$8,518,490,199$439,806,885$15,892,710,603$7,575,057,911$8,317,652,692
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$459,249,151
of which government grants
$197,349,056
Program service revenue
$8,902,787,800
Investment income
-$16,009,595
Royalties
$54,355,695
Net rental income
$9,130,626
Net gain from sales of assets
-$56,684,596
Net income from fundraising events
-$2,963,529
Other revenue
$334,004,446

Expenses

Grants and similar amounts paid
$148,655,621
Compensation of officers, directors and key employees
$41,012,071
Other salaries and wages
$4,138,451,989
Salaries, compensation and benefits (total)
$5,236,117,579
Professional fundraising fees
$1,787,790
Legal fees
$6,750,364
Accounting fees
$2,554,562
Occupancy
$110,421,522
Travel
$32,974,768
Depreciation
$297,354,770
Program services (functional)
$8,457,903,750
Management and general (functional)
$949,647,938
Fundraising (functional)
$26,529,863

Balance sheet and other

Total assets, start of year
$15,892,710,603
Total assets, end of year
$17,384,365,197
Total liabilities, end of year
$8,600,468,684
Net assets, end of year
$8,783,896,513
Land, buildings and equipment
$3,545,533,172
Publicly traded securities
$3,352,017,153
Net assets without donor restrictions
$6,822,956,369
Net assets with donor restrictions
$1,960,940,144
Gross unrelated business income
$65,640,597
Gross receipts
$10,783,069,848
Employees
47,521
Volunteers
603
Year formed
1921
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MIHALJEVIC MD TOMISLAVDIRECTOR, PRESIDENT & CEO
Trustee or director, Officer
50$7,650,847$0$2,058,305
MALONE JR MD DONALD AEVP, PRES NEO MKT (PART YR)
Officer
50$1,610,899$0$1,849,042
LARAWAY DENNISEVP, CFO & TREASURER
Officer
50$3,127,004$0$45,792
HANCOCK DNP RN NE-BC KELLYEVP, CHIEF CAREGIVER OFF & CAO
Officer
50$2,157,469$0$656,036
RIDGEWAY MD BERIDIR, EVP ENTERPRISE CHIEF OF STAFF
Trustee or director, Officer
50$1,986,502$0$757,384
HABER MD GEORGES-PASCALCEO, CCAD (PART YR)
Officer
50$2,538,489$0$51,057
GUZMAN MD JORGEEVP, PRES NEO MKT (PART YR)
Officer
50$1,929,479$0$650,840
SVENSSON MD LARSINSTITUTE CHIEF - HVTI
Highest-paid employee
50$2,433,081$0$58,577
DELANEY MD PHD CONOREVP, PRESIDENT OF FL MKT
Officer
0$0$1,876,563$552,883
ROWAN DAVID WSEC, EVP, CHIEF LEGAL OFF (PART YR)
Officer
50$2,224,430$0$53,703
STREIN STEFANVP, CHIEF INVESTMENT OFFICER
Highest-paid employee
50$2,173,858$0$55,612
GILLINOV MD A MARCDEPT CHAIR, THORACIC & CARDIOVAS SURGERY
Highest-paid employee
50$2,141,240$0$61,996
LORENZ MD ROBERTPRESIDENT, CLEVELAND CLINIC LONDON
Officer
0$0$2,136,301$48,970
CHANDRA PHD ROHITEVP, CHIEF DIGITAL OFFICER
Officer
50$2,133,862$0$50,892
PEACOCK WILLIAM MEVP, CHIEF OF OPERATIONS
Officer
50$2,107,674$0$54,682
38 more people on this return
NameTitleHours / weekCompensationFrom related orgsOther / benefits
NAJM MD HANICHAIR, PED & CONGENITAL HEART SURGERY
Highest-paid employee
50$2,082,568$0$54,159
HULL MD TRACYPHYSICIAN (RETIREE 2024)
Highest-paid employee
50$2,081,704$0-$32,460
ERZURUM MD SERPILEVP, CHIEF RESEARCH & ACADEMIC OFF
Officer
50$1,706,633$0-$292,574
GORDON DEBORAHEVP, CLO, SEC (PART YR)
Officer
50$1,118,264$0$150,779
FALCONE MD TOMMASOEVP, PRES INTL EMERG MKTS (PT YR)
Officer
50$1,065,510$0$55,177
DAVIS MARLEINAASST. SECRETARY (PART YR)
Officer
50$866,687$0$54,704
EATON JOHNSON VICKIEEVP, CHIEF COMMUNITY OFF (PART YR)
Officer
50$745,853$0$62,538
YERIAN MD LISAEVP CHIEF CLINICIAL OP IMP OFF (PART YR)
Officer
50$731,946$0$51,698
LONGVILLE TIMOTHYVP, CHIEF ACCOUNTING OFFICER
Officer
50$639,567$0$55,131
DONLEY MD BRIANFORMER CEO CC LONDON
Former
0$0$489,586$0
OBLANDER JASONDEPUTY CHIEF GOV & ASST SEC
Officer
50$277,914$0$27,852
WIEDEMANN MD HERBERTFORMER OFFICER (RETIRED)
Former
0$210,113$0-$134,839
AULETTA PATRICK VDIRECTOR (PART YR)
Trustee or director
5$0$0$0
BENZ K MICHAELDIRECTOR (PART YR)
Trustee or director
5$0$0$0
CRAWFORD DEBORAH ADIRECTOR
Trustee or director
5$0$0$0
FEDELI UMBERTO PDIRECTOR
Trustee or director
5$0$0$0
GORSKY ALEXDIRECTOR (PART YR)
Trustee or director
5$0$0$0
GWIN BONNIE WDIRECTOR
Trustee or director
5$0$0$0
HOOVER CAROLE FDIRECTOR
Trustee or director
5$0$0$0
ISHRAK PHD OMARDIRECTOR
Trustee or director
5$0$0$0
KEMPER RN BETTY JDIRECTOR (PART YR)
Trustee or director
5$0$0$0
KILBANE ESQ CATHERINE MDIRECTOR
Trustee or director
5$0$0$0
KOHL STEWART ADIRECTOR
Trustee or director
5$0$0$0
KRAMER RICHARD JDIRECTOR
Trustee or director
5$0$0$0
MAROONE MICHAEL EDIRECTOR
Trustee or director
5$0$0$0
MITTAL LAKSHMI NDIRECTOR (PART YR)
Trustee or director
5$0$0$0
MORINO MARIO MDIRECTOR (PART YR)
Trustee or director
5$0$0$0
NANCE ESQ FREDERICK RDIRECTOR
Trustee or director
5$0$0$0
RICH MELINDA RDIRECTOR
Trustee or director
5$0$0$0
ROSS MARKDIRECTOR
Trustee or director
5$0$0$0
SCHULMAN DANDIRECTOR
Trustee or director
5$0$0$0
SCOTT JR HAROLD LEEDIRECTOR (PART YR)
Trustee or director
5$0$0$0
VEGA LORRAINEDIRECTOR (PART YR)
Trustee or director
5$0$0$0
WALDRON JOHNDIRECTOR
Trustee or director
5$0$0$0
WEINBERG RONALD EDIRECTOR
Trustee or director
5$0$0$0
MOONEY BETH EDIRECTOR, BOARD CHAIR
Trustee or director, Officer
5$0$0$0
PETRAS JR MICHAEL BDIR, V CHAIR, FINANCE & BUS DEV
Trustee or director, Officer
5$0$0$0
POLLOCK LARRYDIR, V CHAIR, PHILANTHROPY STEWARDSHP
Trustee or director, Officer
5$0$0$0
990 for the year ended December 31, 2023: 54 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MIHALJEVIC MD TOMISLAVDIRECTOR, PRESIDENT & CEO
Trustee or director, Officer
50$6,966,584$0$55,218
BOLWELL MD BRIANPHYSICIAN (2023 RETIREE)
Highest-paid employee
50$4,384,158$0-$126,231
VIDIMOS MD ALLISONPHYSICIAN (2023 RETIREE)
Highest-paid employee
50$3,027,736$0$82,911
FALCONE MD TOMMASOINTERIM CEO CC LONDON (PART YR)
Officer
0$0$2,504,315$57,102
ROWAN DAVIDSEC, EXEC VP, CHIEF LEGAL OFF
Officer
50$2,402,885$0$51,446
SVENSSON MD LARSINSTITUTE CHIEF - HVTI
Highest-paid employee
50$2,284,287$0$55,511
LARAWAY DENNISEXEC VP, CFO & TREASURER (PART YR)
Officer
50$2,285,205$0$44,424
CHANDRA PHD ROHITCHIEF DIGITAL OFFICER
Officer
50$2,170,811$0$48,184
STREIN STEFANCHIEF INVESTMENT OFFICER
Highest-paid employee
50$2,163,476$0$53,501
PEACOCK WILLIAMEXEC VP, CHIEF OF OPERATIONS
Officer
50$2,148,691$0$52,167
DEYLING MD CYNTHIARETIRED PHYSICIAN
Highest-paid employee
0$2,043,898$0$137,968
MALONE JR MD DONALDEXEC VP, PRES OF NEO MARKET
Officer
50$1,451,184$0$672,846
HANCOCK DNP RN NE-BC KELLYEXEC VP, CHIEF CAREGIVER OFFICER
Officer
50$1,927,793$0$63,222
ERZURUM MD SERPILEXEC VP, CHIEF RESEARCH & ACADEMIC
Officer
50$1,496,956$0$358,841
RIDGEWAY MD BERIDIR, EXEC VP, CHIEF OF STAFF
Trustee or director, Officer
50$1,712,183$0$52,833
DELANEY MD PHD CONOREXEC VP, PRESIDENT OF FLA MKT
Officer
0$0$1,714,711$47,750
GUZMAN MD JORGECEO CCAD; EXEC VP, PRES NEO MKT
Officer
50$1,658,345$0$51,452
LORENZ MD ROBERTPRES, CC LONDON (PART YR)
Officer
0$0$1,583,789$53,730
DONLEY MD BRIANFORMER OFFICER
Former
0$0$1,406,418$0
MERLINO MD JAMESCHIEF CLINICAL TRANSFORMATION OFFICER
Officer
50$1,349,005$0$33,875
DAVIS MARLEINA TASST. SECRETARY
Officer
50$787,881$0$57,019
LONGVILLE TIMOTHYVP CHIEF ACCOUNTING OFFICER
Officer
50$598,378$0$73,975
HELTON ANTHONYINTERIM CFO (PART YR)
Officer
50$534,169$0$40,955
SURI MD RAKESHFORMER KEY EMPLOYEE (RETIRED)
Former
0$562,170$0$7,025
MEEHAN ESQ MICHAEL JRECORDING SECRETARY
Officer
50$490,656$0$37,859
OBLANDER JASONASST. SECRETARY
Officer
50$263,397$0$27,490
WIEDEMANN MD HERBERTFORMER OFFICER (RETIRED)
Former
0$210,113$0-$12,930
GLASS STEVEN CFORMER OFFICER
Former
0$135,862$0$6,514
AULETTA PATRICK VDIRECTOR
Trustee or director
5$0$0$0
BENZ K MICHAELDIRECTOR
Trustee or director
5$0$0$0
CRAWFORD DEBORAH ADIRECTOR
Trustee or director
5$0$0$0
FEDELI UMBERTO PDIRECTOR
Trustee or director
5$0$0$0
GWIN BONNIE WDIRECTOR
Trustee or director
5$0$0$0
HOOVER CAROLEDIRECTOR
Trustee or director
5$0$0$0
ISHRAK PHD OMARDIRECTOR
Trustee or director
5$0$0$0
KEMPER RN BETTYDIRECTOR
Trustee or director
5$0$0$0
KILBANE ESQ CATHERINE MDIRECTOR
Trustee or director
5$0$0$0
KOHL STEWARTDIRECTOR
Trustee or director
5$0$0$0
KRAMER RICHARDDIRECTOR
Trustee or director
5$0$0$0
MAROONE MICHAELDIRECTOR
Trustee or director
5$0$0$0
MORINO MARIODIRECTOR
Trustee or director
5$0$0$0
NANCE ESQ FREDERICK RDIRECTOR
Trustee or director
5$0$0$0
RICH MELINDA RDIRECTOR
Trustee or director
5$0$0$0
ROSS MARKDIRECTOR
Trustee or director
5$0$0$0
SCHULMAN DANDIRECTOR
Trustee or director
5$0$0$0
SCOTT JR HAROLD LEEDIRECTOR
Trustee or director
5$0$0$0
STEVENS MARKDIRECTOR (PART YR)
Trustee or director
5$0$0$0
VEGA LORRAINEDIRECTOR
Trustee or director
5$0$0$0
WALDRON JOHNDIRECTOR
Trustee or director
5$0$0$0
WEBER ESQ ROBERT CDIRECTOR (PART YR)
Trustee or director
5$0$0$0
WEINBERG RONALDDIRECTOR
Trustee or director
5$0$0$0
MOONEY BETH EDIRECTOR, BOARD CHAIR
Trustee or director, Officer
5$0$0$0
PETRAS JR MICHAELDIR, V. CHAIR, FINANCE & BUS DEV
Trustee or director, Officer
5$0$0$0
POLLOCK LARRYDIR, V. CHAIR, PHILAN & STEWARDSHIP
Trustee or director, Officer
5$0$0$0

Address and contacts

Address (IRS master file)
6801 BRECKSVILLE RD RK1-85, INDEPENDENCE, OH 44131-5032
In care of
% THE CLEVELAND CLINIC FOUNDATION
Mailing address (990-N for 2015)
925 Euclid Avenue, Cleveland OH 44115
Principal officer (990 for 2024)
TOMISLAV MIHALJEVIC MD, 9500 EUCLID AVE, CLEVELAND, OH 44195
Principal officer (990-N for 2015)
Steven Glass, 9500 Euclid Avenue, Cleveland OH 44195
Signed the 990
DENNIS L LARAWAY, EVP/CHIEF FINANCIAL OFFICER
Phone
(216) 444-2200
Return prepared by
ERNST & YOUNG LLP

Mission

CARING FOR LIFE, RESEARCHING FOR HEALTH AND EDUCATING THOSE WHO SERVE.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE PROGRAM SERVICE STATEMENT IN SCHEDULE O.
    Expenses $8,457,903,750 · grants $148,655,621 · revenue $8,902,787,800

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-0714585
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Group exemption
Exempt since
1928
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E210)
Group exemption
3641 (53 member organizations)
Assets (IRS master file)
$17,384,365,197
Income (IRS master file)
$10,783,069,848

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,680,031,802$9,434,081,551$17,384,365,197XML
990-TDecember 2024–––IRS
990December 2023$8,958,297,084$8,518,490,199$15,892,710,603XML
990-TDecember 2023–––IRS
990December 2022$7,583,607,049$7,671,629,275$15,354,669,845IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2015
Officer: Steven Glass
December 31, 2015≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-0714585).

Questions about THE CLEVELAND CLINIC FOUNDATION

What is the EIN of THE CLEVELAND CLINIC FOUNDATION?
The employer identification number (EIN) of THE CLEVELAND CLINIC FOUNDATION is 34-0714585.
Is THE CLEVELAND CLINIC FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1928.
Are donations to THE CLEVELAND CLINIC FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does THE CLEVELAND CLINIC FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE CLEVELAND CLINIC FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE CLEVELAND CLINIC FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE CLEVELAND CLINIC FOUNDATION?
The 990 for the year ended December 31, 2024 names TOMISLAV MIHALJEVIC MD.
Who are the officers and directors of THE CLEVELAND CLINIC FOUNDATION?
The 990 for the year ended December 31, 2024 lists 53 people; 24 received compensation from the organization, the highest $7,650,847 (MIHALJEVIC MD TOMISLAV, DIRECTOR, PRESIDENT & CEO).
How much revenue does THE CLEVELAND CLINIC FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,680,031,802, expenses of $9,434,081,551 and total assets of $17,384,365,197 at year end.

Organizations in its group exemption (53)

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