Overview
What is Mayo Clinic Alumni Association?
The Mayo Clinic Alumni Association, situated in Rochester, Minnesota, is a nonprofit organization that adheres to its mission by fostering connections among its alumni and promoting Mayo Clinic values worldwide. Their activities encompass organizing in-person events, such as the 2022 International Meeting held in Lisbon, Portugal, as well as hosting receptions for various alumni association groups across the country. Moreover, they arrange events specifically 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. The association, employing a team of 8 individuals, strives to strengthen its alumni network and uphold the esteemed values of the Mayo Clinic.
Official website here: www.mayo.edu/alumni
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
The Mayo Clinic Alumni Association has received a commendable Three-Star rating based on its overall score of 88%, which is derived solely from its accountability and finance metrics. This score reflects the organization’s commitment to financial transparency and responsible governance, with a strong emphasis on maintaining an independent board and sound financial practices.
One of the strengths highlighted in the evaluation includes the fact that all board members are independent, which supports unbiased decision-making. The organization has also demonstrated effective financial management with a program expense ratio of 78.63%, indicating that a significant portion of its revenue is directed toward its mission-related activities. Additionally, the absence of any material diversion of assets further enhances its credibility.
However, there are areas identified for improvement, such as the absence of a whistleblower policy and document retention procedures. These gaps may raise concerns regarding internal controls and accountability in the long run. Overall, while the Mayo Clinic Alumni Association displays robust financial practices, addressing these limitations could further bolster its standing in accountability and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Mayo Clinic Alumni Association legitimate?
Mayo Clinic Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayo Clinic Alumni Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.mayo.edu/alumni
What is the mission statement of Mayo Clinic Alumni Association?
The Mayo Clinic Alumni Association's mission is centered around connecting its alumni and promoting the values of the renowned Mayo Clinic worldwide. In line with this mission, the organization hosts various events to foster connections among its alumni. These events include the International Meeting held in Lisbon, Portugal, as well as receptions and gatherings for different alumni association groups across the country. Furthermore, the association organizes events specifically 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.
Official website here: www.mayo.edu/alumni
Who is the CEO of Mayo Clinic Alumni Association?
Judith D Anderson is the Director of Mayo Clinic Alumni Association.
Official website here: www.mayo.edu/alumni
What is the revenue of Mayo Clinic Alumni Association?
Mayo Clinic Alumni Association's revenue in 2022 was $694,543.
Official website here: www.mayo.edu/alumni
Who are the executives of Mayo Clinic Alumni Association and what are their salaries?
There are 8 employees and 75 volunteers at Mayo Clinic Alumni Association.
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Official website here: www.mayo.edu/alumni
Where can I find the form 990 for Mayo Clinic Alumni Association?
Mayo Clinic Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mayo.edu/alumni
Learn more at the official website: www.mayo.edu/alumni
Mission Statement of Mayo Clinic Alumni Association
The Mayo Clinic Alumni Association is dedicated to a mission that connects its alumni while promoting the values of the esteemed Mayo Clinic. In essence, the organization's mission is to foster a sense of unity among its alumni and disseminate the principles of Mayo Clinic globally. To achieve this, the association organizes various events, such as the 2022 International Meeting held in Lisbon, Portugal, and receptions for various alumni association groups across the country. Additionally, the association hosts events specifically for alumni of the Mayo Clinic Alix School of Medicine, Mayo Clinic Graduate School of Biomedical Sciences, and Mayo Clinic School of Graduate Medical Education. By engaging in these activities, the Mayo Clinic Alumni Association successfully upholds its mission of connecting its alumni and spreading the Mayo Clinic's values to the world.
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Impact
July, 2024
The Mayo Clinic Alumni Association plays a significant role in connecting alumni and spreading the core values of Mayo Clinic globally. Through in-person events such as the 2022 International Meeting in Lisbon, Portugal, receptions across the country for various alumni association groups, and specific events tailored 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, the association fosters a strong network of professionals who uphold Mayo Clinic values in their work and beyond. Its impact extends beyond individual alumni to influence healthcare and education through the dissemination of Mayo Clinic's mission and principles.
This information is meant to be a general summary of Mayo Clinic Alumni Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,696
- Program Service Revenue: $21,829
- Gross Receipts: $799,040
Assets and Liabilities:
- Total Assets: $2,087,397
- Total Liabilities: $14,860
- Net Assets: $2,072,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$15,780
REIMBURSEMENTS
Revenue
$6,049
Organization Details
Founding Year
2003
Phone
(507) 538-0162Principal Officer
Judith D Anderson
Main Address
200 1ST ST SW SIEBENS 5, ROCHESTER, MN, 55905
Website
www.mayo.edu/alumniNTEE Category
Code: B84 - Education
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