University Of Minnesota Physicians
- Assets
- $268.5m
- Revenue
- $804.5m
- Investments
- $0.0
- Employees
- 4,525
- Location
- Minneapolis, MN
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 41-1843943
Organization Overview
University Of Minnesota Physicians is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, University Of Minnesota Physicians employed 4,525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Minnesota Physicians is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Minnesota Physicians generated $804.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $801.5m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL DIAGNOSIS, TREATMENT, AND CARE FOR AREA RESIDENTS. SUPPORTED INSTRUCTION OF MEDICAL STUDENTS, INTERNS, AND RESIDENTS. SUPPORTED MEDICAL AND SCIENTIFIC RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bevan Yueh CEO | OfficerTrustee | 20 | $353,962 |
Catherine Bendel Director And Employed Physician | Trustee | 20 | $227,461 |
Joel Boyd Director And Employed Physician | Trustee | 20 | $451,867 |
Denis Clohisy Physician & Board Vice Chair | Trustee | 20 | $511,210 |
Naomi Fujioka Director And Employed Physician | Trustee | 20 | $200,854 |
Rahel Ghebre Physician & Board Secretary | Trustee | 20 | $374,646 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regents Of The University Of Minnesota Clinical/academic | 6/29/22 | $433,158,824 |
Mayo Clinic Lab/nursing Services | 6/29/22 | $7,179,744 |
Fairview Health Services Lab/nursing Services | 6/29/22 | $4,302,112 |
Open Systems Technologies Inc It | 6/29/22 | $2,093,832 |
Opus Design Build Llc Construction | 6/29/22 | $1,357,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,554,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,554,328 |
| Total Program Service Revenue | $802,606,126 |
| Investment income | $310,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,479,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,268,113 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,404,473 |
| Compensation of current officers, directors, key employees. | $776,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $561,333,163 |
| Pension plan accruals and contributions | $43,877,107 |
| Other employee benefits | $60,523,319 |
| Payroll taxes | $27,292,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,130,240 |
| Fees for services: Accounting | $136,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,249,756 |
| Advertising and promotion | $124,262 |
| Office expenses | $171,319 |
| Information technology | $7,945,054 |
| Royalties | $0 |
| Occupancy | $8,625,992 |
| Travel | $163,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,628,012 |
| Insurance | $12,722,028 |
| All other expenses | -$45,450 |
| Total functional expenses | $801,477,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,824,794 |
| Savings and temporary cash investments | $19,483,464 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,260,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,588,970 |
| Net Land, buildings, and equipment | $11,364,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,522,073 |
| Accounts payable and accrued expenses | $169,425,376 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $169,425,376 |
| Net assets without donor restrictions | $99,096,697 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $268,522,073 |