Nonprofit · EIN 41-1995295
MAYO MEDICAL ALUMNI ASSOCIATION
Tax-exempt · ROCHESTER, MN 55905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $670,551 | $736,978 | -$66,427 | $1,859,397 | $1,259,417 | $599,980 |
| December 31, 2023 | 990 | $496,797 | $495,998 | $799 | $2,012,677 | $1,347,067 | $665,610 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $285,277
- Membership dues
- $261,715
- Program service revenue
- $143,203
- Investment income
- $38,343
- Net gain from sales of assets
- $6,651
- Net income from sales of inventory
- $179,705
- Other revenue
- $203,728
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $109,560
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,380
- Program services (functional)
- $600,420
- Management and general (functional)
- $136,558
Balance sheet and other
- Total assets, start of year
- $2,012,677
- Total assets, end of year
- $1,859,397
- Total liabilities, end of year
- $1,259,417
- Net assets, end of year
- $599,980
- Net assets without donor restrictions
- $533,800
- Net assets with donor restrictions
- $66,180
- Gross receipts
- $787,727
- Employees
- 0
- Volunteers
- 75
- Year formed
- 2003
- State of legal domicile
- MN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THERESA S EMORY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BURKHARD WIPPERMANN | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 |
| CARL L BACKER | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| MELANIE L BROWN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| M MOLLY MCMAHON | SECRETARY-TREASURER Trustee or director, Officer | 1 | $0 |
| AMADO BAEZ | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS J SMITH | DIRECTOR Trustee or director | 1 | $0 |
| SWARNA BALASUBRAMANIAM | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN HOGAN | DIRECTOR Trustee or director | 1 | $0 |
| SAIYID AKBAR HASAN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA YUGUEROS | DIRECTOR Trustee or director | 1 | $0 |
| OLUFUNSO ODUNUKAN | DIRECTOR Trustee or director | 1 | $0 |
| OLAYEMI YEMI SOKUMBI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL ROCK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL PHAM | DIRECTOR Trustee or director | 1 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW WENDT | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA SHAPIRO | DIRECTOR Trustee or director | 1 | $0 |
| KYLE KIRCHER | DIRECTOR Trustee or director | 1 | $0 |
| LINDA DROZDOWICZ | DIRECTOR Trustee or director | 1 | $0 |
| KAJETAN L VON ECKARDSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| ERIN A GILLASPIE | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH NESSET FERGUSON | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH COZINE | DIRECTOR Trustee or director | 1 | $0 |
| ELAINE YACYSHYN | DIRECTOR Trustee or director | 1 | $0 |
| EDDIE GREENE | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL J TOWNSEND | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL CHAN | DIRECTOR Trustee or director | 1 | $0 |
| KUMAR BALA | DIRECTOR Trustee or director | 1 | $0 |
| DARCY REED | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH ANDERSON | EXECUTIVE DIRECTOR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THERESA S EMORY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BURKHARD WIPPERMANN | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 |
| CARL L BACKER | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| MELANIE L BROWN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| M MOLLY MCMAHON | SECRETARY-TREASURER Trustee or director, Officer | 1 | $0 |
| AMADO BAEZ | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS J SMITH | DIRECTOR Trustee or director | 1 | $0 |
| SWARNA BALASUBRAMANIAM | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN HOGAN | DIRECTOR Trustee or director | 1 | $0 |
| SAIYID AKBAR HASAN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA YUGUEROS | DIRECTOR Trustee or director | 1 | $0 |
| OLUFUNSO ODUNUKAN | DIRECTOR Trustee or director | 1 | $0 |
| OLAYEMI YEMI SOKUMBI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL ROCK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL PHAM | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW WENDT | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA SHAPIRO | DIRECTOR Trustee or director | 1 | $0 |
| KYLE KIRCHER | DIRECTOR Trustee or director | 1 | $0 |
| LINDA DROZDOWICZ | DIRECTOR Trustee or director | 1 | $0 |
| KAJETAN L VON ECKARDSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| ERIN A GILLASPIE | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH NESSET FERGUSON | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH COZINE | DIRECTOR Trustee or director | 1 | $0 |
| ELAINE YACYSHYN | DIRECTOR Trustee or director | 1 | $0 |
| EDDIE GREENE | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL J TOWNSEND | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL CHAN | DIRECTOR Trustee or director | 1 | $0 |
| KUMAR BALA | DIRECTOR Trustee or director | 1 | $0 |
| DARCY REED | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH ANDERSON | EXECUTIVE DIRECTOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 200 1ST ST SW SIEBENS 7, ROCHESTER, MN 55905-0001
- In care of
- % KAREN SKIBA
- Principal officer (990 for 2024)
- M MOLLY MCMAHON MD, 200 1ST ST SW SIEBENS 7, ROCHESTER, MN 55905
- Signed the 990
- M MOLLY MCMAHON MD, SECRETARY/TREASURER
- Phone
- (507) 284-2317
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
CONNECTING OUR ALUMNI AND BRINGING MAYO CLINIC VALUES TO THE WORLD.
Program accomplishments
- IN KEEPING WITH ITS MISSION, THE ORGANIZATION HELD IN PERSON EVENTS INCLUDING THE 2024 INTERNATIONAL MEETING IN TRONDHEIM, NORWAY, RECEPTIONS AROUND THE COUNTRY FOR VARIOUS ALUMNI ASSOCIATION GROUPS AND EVENTS FOR ALUMNI OF THE MAYO CLINIC ALIX SCHOOL OF MEDICINE, THE MAYO CLINIC GRADUATE SCHOOL OF BIOMEDICAL SCIENCES AND THE MAYO CLINIC SCHOOL OF GRADUATE MEDICAL EDUCATION.Expenses $490,860 · revenue $322,908
- THE ORGANIZATION FACILITATED COMMUNICATION AMONG MAYO FELLOWS/TRAINEES AND WORKED WITH THE MAYO FELLOWS' ASSOCIATION AND ITS OFFICERS TO ASSIST WITH A NUMBER EDUCATIONAL AND SOCIAL ACTIVITIES THROUGH THEIR FISCAL ACADEMIC YEAR.Expenses $109,560
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1995295
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B84)
- Assets (IRS master file)
- $1,859,397
- Income (IRS master file)
- $787,727
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $670,551 | $736,978 | $1,859,397 | IRS |
| 990 | December 2023 | $496,797 | $495,998 | $2,012,677 | XML |
| 990 | December 2022 | $694,543 | $681,176 | $2,087,397 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 41-1995295).
Questions about MAYO MEDICAL ALUMNI ASSOCIATION
- What is the EIN of MAYO MEDICAL ALUMNI ASSOCIATION?
- The employer identification number (EIN) of MAYO MEDICAL ALUMNI ASSOCIATION is 41-1995295.
- Is MAYO MEDICAL ALUMNI ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MAYO MEDICAL ALUMNI ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAYO MEDICAL ALUMNI ASSOCIATION 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 MAYO MEDICAL ALUMNI ASSOCIATION 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 MAYO MEDICAL ALUMNI ASSOCIATION 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 MAYO MEDICAL ALUMNI ASSOCIATION?
- The 990 for the year ended December 31, 2024 names M MOLLY MCMAHON MD.
- Who are the officers and directors of MAYO MEDICAL ALUMNI ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 0 received compensation from the organization.
- How much revenue does MAYO MEDICAL ALUMNI ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $670,551, expenses of $736,978 and total assets of $1,859,397 at year end.
Other nonprofits in ROCHESTER
- ROCHESTER MATH & SCIENCE ACADEMY EIN 87-0732808 · last filed 990 for 2025
- ROCHESTER MONTESSORI SCHOOL INC EIN 41-0948042 · last filed 990 for 2025
- ROCHESTER ARTS & SCIENCES ACADEMY FOUNDATION EIN 20-8201223 · last filed 990 for 2025
- SOUTHEASTERN LIBRARIES COOPERATING EIN 41-0986063 · last filed 990 for 2025
- ROCHESTER BEACON ACADEMY EIN 45-4835348 · last filed 990 for 2025
- DYSLEXIA INSTITUTE OF MINNESOTA INC EIN 41-1633734 · last filed 990 for 2025
- ROCHESTER MSA BUILDING COMPANY EIN 82-3472551 · last filed 990 for 2025
- ALDRICH MEMORIAL NURSERY SCHOOL INC EIN 41-0726082 · last filed 990 for 2025