Cleveland Clinic Foundation, Group Return in Cleveland, Ohio (OH)

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Cleveland Clinic Foundation, Group Return
Employer Identification Number (EIN)912153073
Name of OrganizationCleveland Clinic Foundation
Secondary NameGroup Return
Address9500 Euclid Avenue No Jj19, Cleveland, OH 44195-0001
SubsectionCharitable Organization
Ruling Date10/1928
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Group return
Asset Amount$10,971,646,595
Amount of Income$8,860,672,869
Form 990 Revenue Amount$7,565,105,720
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Professional Societies, Associations


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Amount of income in 2013: $8,860,672,869
Cleveland Clinic Foundation, Group Return: 

 $8,860,672,869
Other organizations performing similar types of work: 

 $2,087,792

Assets in 2013: $10,971,646,595
Cleveland Clinic Foundation, Group Return: 

 $10,971,646,595
Other organizations performing similar types of work: 

 $3,112,468

Expenses in 2013: $6,825,082,036
Cleveland Clinic Foundation, Group Return: 

 $6,825,082,036
Other organizations performing similar types of work: 

 $1,846,504

Income to expenses ratio in 2013: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 88.6%
This organization: 

 88.6%
Other organizations performing similar types of work: 

 0.0%

Number of employees in 2013: 51,193
Cleveland Clinic Foundation, Group Return: 

 51,193
Other organizations performing similar types of work: 

 14

Employees paid over $100,000 in 2013: 10.9%
This organization: 

 10.9%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 3.6%
This organization: 

 3.6%
Other organizations performing similar types of work: 

 2.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoYes
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?YesYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?YesYes
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoYes
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?YesYes
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYes
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10965,8195,290
The number of Forms W-2G01
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return49,77951,193
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?YesNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$50,534,674$52,721,752
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$7,930,655$-484,107
Total number of individuals who received more than $100,000 of reportable compensation from the organization4,4724,904
Total number of independent contractors who received more than $100,000 of compensation from the organization685653
Statement of Revenue
201120122013
Total revenue$6,363,351,807$7,011,272,096$7,565,105,720
Contributions, Gifts, Grants and Other Similar Amounts$297,003,284$284,096,603$272,897,610
Program Service Revenue$6,020,996,916$6,451,431,127$6,789,848,595
612990$4,159,962,062$4,438,276,142
921990$1,968,141,472$2,014,963,567
900099$205,921,957$214,065,698
Parking Lots and Garages $64,435,092$65,611,884
561000$16,253,228$20,401,765
All other program service revenue$36,717,316$36,529,539
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$63,956,263$64,473,403$60,960,120
Income from investment of tax-exempt bond proceeds$138,545$-1,721$1,318
Royalties$16,020,860$20,165,969$27,537,494
Net rental income$23,987,022$21,533,248$24,463,538
Gross rents (Real / Personal)$23,987,022 / $0$21,533,248 / $0$24,463,538 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$23,987,022 / $0$21,533,248 / $0$24,463,538 / $0
Net gain/loss from sales of assets other than inventory$71,466,928$90,033,337$176,371,244
Gross amount from sales of assets other than inventory (Securities / Other)$897,888,173 / $818,169$326,733,061 / $3,272,483$1,461,219,325 / $3,880,012
Less: cost or other basis and sales expenses (Securities / Other)$817,588,049 / $9,651,365$232,848,486 / $7,123,721$1,285,692,040 / $3,036,053
Gain or (loss) (Securities / Other)$80,300,124 / $-8,833,196$93,884,575 / $-3,851,238$175,527,285 / $843,959
Net income/loss from fundraising events$127,705$586,804$-3,008,156
Gross income from fundraising events$3,561,463$5,888,233$3,809,555
Less: direct expenses$3,433,758$5,301,429$6,817,711
Net income/loss from gaming activities$0$0$19,855
Gross income from gaming activities$0$0$41,200
Less: direct expenses$0$0$21,345
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$-130,345,716$78,953,326$216,014,102
523000$110,777,488$156,261,549
Other Financial Vehicles $77,628$60,945,366
Other Financial Vehicles $-6,906,473$1,401
All other revenue$-24,995,317$-1,194,214
Statement of Functional Expenses
201120122013
Total functional expenses$6,117,763,783$6,559,634,961$6,825,082,036
Grants and other assistance to domestic organizations and domestic governments$13,193,778$29,370,725
Grants and other assistance to domestic individuals$90,130,987$102,070,154
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$1,005,057$1,256,385
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$36,243,866$42,028,828$39,332,176
Compensation not included above, to disqualified persons$7,780,221$4,607,574
Other salaries and wages$2,578,772,461$2,751,282,730$2,930,995,754
Pension plan accruals and contributions$148,975,092$109,005,871
Other employee benefits$430,545,920$469,700,209
Payroll taxes$173,795,383$184,547,613$194,988,428
Fees for services (non-employees)
Management$6,065,868$5,464,302
Legal$10,807,997$9,935,192
Accounting$1,525,075$1,388,451
Lobbying$461,300$490,496
Professional fundraising services$1,235,540$1,301,479$1,536,158
Investment management fees$11,144,425$13,820,056
Other$324,950,079$290,791,657
Advertising and promotion$38,005,294$36,856,792
Office expenses$108,781,779$105,213,581
Information technology$72,150,201$73,102,735
Royalties$0$0
Occupancy$142,387,821$142,527,032
Travel$25,599,735$25,697,441
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$12,768,020$13,250,696
Interest$104,495,411$106,311,308
Payments to affiliates$0$0
Depreciation, depletion, and amortization$365,149,611$353,103,371
Insurance$58,466,432$62,009,921
Other expenses$972,778,424$1,029,887,831
Other expenses$377,987,356$410,835,505
Other expenses$142,060,326$143,382,348
Other expenses$52,004,947$57,656,495
Other expenses$61,253,155$60,493,392
Balance Sheet
201120122013
Total assets$9,063,594,010$10,222,859,807$10,971,646,595
Cash - non-interest-bearing$119,398,464$83,841,098
Savings and temporary cash investments$17,695,087$40,828,340
Pledges and grants receivable, net$224,972,767$212,676,762
Accounts receivable, net$888,644,361$870,259,320
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$4,680,118$5,122,221
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$32,307,707$11,224,681
Inventories for sale or use$94,985,760$101,423,936
Prepaid expenses and deferred charges$34,042,302$34,176,411
Land, buildings, and equipment: cost or other basis$3,479,702,646$3,538,511,921
Investments - publicly traded securities$3,384,317,254$3,749,541,749
Investments - other securities$1,583,726,510$1,898,881,254
Investments - program-related$12,067,789$12,085,777
Intangible assets$12,682,300$19,999,978
Other assets$333,636,742$393,073,147
Total liabilities$4,688,024,222$5,204,048,925$4,745,039,287
Accounts payable and accrued expenses$782,136,722$722,482,060
Grants payable$438,188$381,156
Deferred revenue$93,464,502$108,000,350
Tax-exempt bond liabilities$2,518,505,000$2,846,045,000$2,815,535,000
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$11,854,283$16,854,894$20,512,020
Unsecured notes and loans payable to unrelated third parties$98,918,922$106,627,221$101,923,157
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,358,482,398$976,205,544
Total net assets or fund balances$4,375,569,788$5,018,810,882$6,226,607,308
Unrestricted net assets$4,348,817,603$5,497,128,460
Temporarily restricted net assets$425,234,298$461,109,565
Permanently restricted net assets$244,758,981$268,369,283
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$2,761,787,744$2,906,356,560$3,044,230,282$3,496,018,535$3,929,766,313$4,298,370,497$4,671,168,110$5,305,715,371
Contributions, gifts, grants, and similar amounts received$158,426,636$156,205,409$165,349,969$159,630,744$195,861,868$224,085,072$243,452,661$284,667,639
Contributions to donor advised funds$0$0
Direct public support$55,731,224$43,903,973$48,423,238$44,390,872$68,321,866$69,583,612$96,484,624$122,716,344
Indirect public support$57,131,996$61,762,586$56,475,131$46,547,759$50,334,951$55,701,846$55,611,688$64,877,638
Government contributions (grants)$45,563,416$50,538,850$60,451,600$68,692,113$77,205,051$98,799,614$91,356,349$97,073,657
Program service revenue including government fees and contracts$2,496,177,180$2,726,710,143$2,923,110,948$3,284,692,075$3,681,391,328$3,980,730,733$4,285,200,995$4,859,144,477
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$682,807$163,342$4,609,345$5,072,587$1,935,648$8,482,623$12,505,056$4,461,054
Dividends and interest from securities$48,013,546$1,710,298$5,374,910$7,569,102$17,646,969$31,085,322$41,986,307$45,639,361
Net rental income or (loss)$18,025,681$18,547,020$16,947,973$23,503,484$21,904,425$19,984,973$22,704,112$21,985,076
Gross rents$18,025,681$18,547,020$16,947,973$23,503,484$21,904,425$19,984,973$22,704,112$21,985,076
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$2,604,961$4,582,620$8,787,919$393,964$0$0$1,140,000$1,159,654
Gain or (loss) from sales of assets other than inventory$39,108,464$-3,591,365$-87,569,605$15,244,557$6,689,306$23,939,318$44,380,345$69,233,112
Gross amount from sales of assets other than inventory$121,938,098$3,285,950$175,601,685$1,216,009,002$686,895,891$1,856,833,108$1,373,695,896$838,466,410
Less: cost or other basis and sales expenses$82,829,634$6,877,315$263,171,290$1,200,764,445$680,206,585$1,832,893,790$1,329,315,551$769,233,298
Net income or (loss) from special events and activities$0$0$0$0$0$0$-237,923$347,756
Gross revenue$0$0$0$0$0$0$375,393$1,250,215
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$613,316$902,459
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$-1,251,531$2,029,093$7,618,823$-87,978$4,336,769$10,062,456$20,036,557$19,077,242
Total expenses$2,622,537,344$2,909,956,074$3,010,982,716$3,345,955,691$3,701,828,579$3,991,483,982$4,285,475,580$4,894,623,088
Program services$2,408,016,859$2,669,592,296$2,761,390,801$3,028,965,632$3,346,515,298$3,556,796,015$3,793,895,366$4,334,743,251
Management and general$209,802,987$235,502,629$243,678,711$312,294,540$347,011,232$424,764,572$478,706,535$549,154,281
Fundraising$4,717,498$4,861,149$5,913,204$4,695,519$8,302,049$9,923,395$12,873,679$10,725,556
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,748,025,927$1,374,215,321$1,194,653,252$1,468,698,090$1,770,473,404$2,183,687,451$2,803,127,659$3,399,503,394
Excess or (deficit) for the year$139,250,400$-3,599,514$33,247,566$150,062,844$227,937,734$306,886,515$385,692,530$411,092,283
Net assets or fund balances at beginning of year$1,762,379,495$1,748,025,927$1,374,215,321$1,194,653,252$1,468,698,090$1,770,473,404$2,183,687,451$2,803,127,659
Other changes in net assets or fund balances$-153,603,968$-370,211,092$-212,809,635$123,981,994$73,837,580$106,327,532$233,747,678$185,283,452
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,894,623,088$4,334,743,251$549,154,281$10,725,556
Grants paid from donor advised funds$0
Other grants and allocations$16,426,447
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$31,601,509$10,072,232$21,529,277$0
Compensation of former officers, directors, key employees, etc.$10,985,195$3,329,762$7,655,433$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,045,988,348$1,820,532,627$219,754,654$5,701,067
Pension plan contributions not included above$85,259,842$75,704,351$9,157,554$397,937
Employee benefits not included above$253,451,876$225,810,756$27,222,654$418,466
Payroll taxes$134,333,071$119,513,887$14,428,391$390,793
Professional fundraising fees$1,283,522$0$0$1,283,522
Accounting fees$1,728,466$0$1,728,466$0
Legal fees$13,114,593$11,705,986$1,408,607$0
Supplies$800,364,927$713,845,652$85,965,263$554,012
Telephone$15,820,194$14,000,277$1,699,209$120,708
Postage and shipping$13,809,963$12,326,668$1,483,295$0
Occupancy$91,391,748$81,532,209$9,816,166$43,373
Equipment rental and maintenance$117,463,019$104,803,557$12,616,419$43,043
Printing and publications$11,116,853$9,922,819$1,194,034$0
Travel$18,551,955$16,045,779$1,992,621$513,555
Conferences, conventions, and meetings$8,065,359$7,199,078$866,281$0
Interest$56,159,722$50,127,742$6,031,980$0
Depreciation, depletion, etc.$204,175,779$182,172,121$21,930,027$73,631
Other expenses not covered above$963,530,700$859,671,301$102,673,950$1,185,449
Balance Sheets
20002001200220032004200520062007
Total assets$3,563,003,478$3,402,500,091$3,557,360,918$3,830,611,100$5,053,923,048$5,382,436,863$6,073,995,044$6,709,377,872
Cash - non-interest-bearing$7,052,592$6,143,056$32,941,850$24,416,736$98,594,175$36,175,102$35,327,386$19,014,425
Savings and temporary cash investments$7,333,947$70,645,137$378,831,265$243,273,940$94,723,770$415,006,237$406,264,945$218,665,918
Accounts receivable less allowance for doubtful accounts$564,447,742$485,652,914$451,902,890$451,043,594$484,937,669$484,385,944$540,500,127$609,977,715
Pledges receivable less allowance for doubtful accounts$59,833,016$59,063,004$69,466,184$172,362,546$163,586,812$193,060,390$187,526,498$202,037,450
Grants receivable$33,744,316$39,109,504$51,111,846$56,656,680$62,595,870$76,883,713$82,221,530$20,018,678
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$4,456,626$7,094,868$8,638,687$10,255,523
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$55,099,138$54,808,546$30,438,863$4,224,691$200,080,601$179,168,498$190,338,396$29,182,248
Inventories for sale or use$36,440,140$41,831,473$45,848,527$55,310,198$58,783,327$63,842,600$64,598,814$61,189,456
Prepaid expenses and deferred charges$15,684,031$6,982,844$7,986,017$60,711,050$60,732,934$107,478,372$124,345,614$13,900,734
Investments - publicly-traded securities$1,592,789,497$1,859,418,291
Investments - other securities$1,013,946,427$761,948,104$480,164,470$739,427,548$1,759,698,221$1,531,576,149$356,037,968$557,377,812
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$15,106,586$19,495,132$13,406,002$33,056,619$16,063,872$77,417,680$12,000,000$88,668,202
Land, buildings, and equipment less accumulated depreciation$1,665,371,591$1,719,787,354$1,876,720,238$1,871,750,008$1,878,925,681$1,946,459,549$2,165,158,230$2,492,931,457
Other assets, including program-related investments$88,943,952$137,033,023$118,542,766$118,377,490$170,743,490$263,887,761$308,247,352$526,739,963
Total liabilities$1,814,977,551$2,028,284,770$2,362,707,666$2,361,913,010$3,283,449,644$3,198,749,412$3,270,867,385$3,309,874,478
Accounts payable and accrued expenses$452,768,609$649,757,876$898,893,559$857,153,830$1,007,286,694$1,038,544,504$1,033,069,358$1,053,839,327
Grants payable$0$0$0$5,579,095$6,941,222$8,085,151$8,751,505$10,084,215
Deferred revenue$3,479,078$23,881,116$36,345,059$18,701,393$25,379,855$18,972,660$16,802,624$81,145,403
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$923,331,732$1,098,731,191$1,057,540,146$1,151,582,084$1,448,996,586$1,431,525,000$1,463,465,000$1,460,005,000
Mortgages and other notes payable$155,486,515$152,182,928$255,809,658$46,063,923$253,170,633$26,047,769$33,972,370$32,180,953
Other liabilities$279,911,617$103,731,659$114,119,244$282,832,685$541,674,654$675,574,328$714,806,528$672,619,580
Total liabilities and net assets/fund balances$3,563,003,478$3,402,500,091$3,557,360,918$3,830,611,100$5,053,923,048$5,382,436,863$6,073,995,044$6,709,377,872
Total net assets or fund balances$1,748,025,927$1,374,215,321$1,194,653,252$1,468,698,090$1,770,473,404$2,183,687,451$2,803,127,659$3,399,503,394
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$113,212$29,170$0
50$132,513$44,161$0
50$334,500$53,713$0
50$65,042$12,887$0
50$68,348$3,961$0
50$106,380$17,380$0
50$119,293$19,459$0
50$121,641$31,917$0
50$127,731$16,608$0
50$186,839$39,911$0
50$212,336$51,263$0
50$218,574$44,115$0
50$233,303$55,099$0
50$276,883$52,878$0
50$734,907$83,579$0
50$746,278$73,260$0
50$901,156$45,373$0
50$1,033,725$76,136$0
50$733,500$74,738$0
50$108,124$42,975$0
50$122,308$30,116$0
50$191,757$52,219$0
50$196,563$53,059$0
50$224,225$54,718$0
50$261,968$67,890$0
50$263,327$59,087$0
50$265,406$44,573$0
50$294,052$56,693$0
50$322,428$51,335$0
50$342,208$54,618$0
50$352,845$50,971$0
50$357,681$55,359$0
50$421,455$56,670$0
50$453,215$53,713$0
50$456,897$52,259$0
50$464,112$66,865$0
50$481,865$52,502$0
50$500,501$48,818$0
50$514,675$72,455$0
50$517,124$69,318$0
50$523,020$72,759$0
50$531,887$51,326$0
50$579,610$69,813$0
50$600,527$69,479$0
50$603,488$67,759$0
50$604,955$67,759$0
50$725,674$75,615$0
50$754,094$29,717$0
50$833,822$53,818$0
50$940,002$1,009,025$0
50$1,123,730$53,318$0
50$1,479,587$48,713$0
50$1,566,740$69,213$0
50$149,508$43,616$0
50$210,060$35,792$0
50$479,366$73,735$0
50$53,774$15,007$0
50$163,201$41,416$0
50$309,404$69,933$0
50$180,578$39,104$0
50$278,308$55,606$0
50$311,527$59,815$0
50$295,009$44,579$0
50$481,644$54,359$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings326
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$188,368$44,316$0
$0$421,718$179,030$0
$0$151,802$17,325$0
$0$162,740$46,282$0
$0$269,572$53,102$0
$0$491,104$56,089$0
$203,100$55,763$7,450$0
$0$132,042$47,648$0
$0$173,032$42,319$0
$0$176,276$40,780$0
$0$177,004$50,651$0
$0$187,165$40,670$0
$0$229,337$48,999$0
$0$287,252$65,260$0
$0$336,709$52,462$0
$0$598,972$56,389$0
$0$587,012$52,115$0
$0$1,311,933$1,031,683$0
$7,432,343$1,931,513$53,929$0
$0$27,281$0$0
$0$228,412$46,775$0
$0$767,329$59,585$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200632,920
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$34,312,466$145,247,965$4,841,487,301
Program service revenue
Program service revenue 1000000$000$0$2,927,997,446
Program service revenue 2000000$000$0$448,674,462
Program service revenue 3000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$17,557,248$0
Program service revenue 4Hotels (except casino hotels) and motels$16,772,33500$0$0
Program service revenue 5Medical and diagnostic laboratories$18,205,41700$0$14,233,471
$0$0$2,927,997,446
$0$0$448,674,462
$03$17,557,248$0
Advertising and related services$1,669,725$0$0
Hotels (except casino hotels) and motels$16,772,335$0$0
Pharmacies and drug stores$1,022,268$0$0
$0$0$8,212,120
Medical and diagnostic laboratories$11,095,927$0$0
Medical equipment and supplies manufacturing$479,539$0$0
$3,937,958$0$6,021,351
Medicare/Medicaid payments000000$000$0$1,404,344,890
Fees and contracts from government agencies000000$000$0$11,359,208
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,461,054$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$45,639,361$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$21,985,076$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,159,654$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$69,233,112$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$347,756$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue999999$-665,286Royalty income excluded by section 512(b)(2)$-15,135,296$34,877,824
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
341923857100%$10,783,749$20,891,631
34186378960%$6,297,300$8,872,169
341914277100%$4,449,323$8,417,067
20375666053%$30,218$4,698,330
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$1,315,931$115,588$0
$1,203,904$67,759$0
$1,120,826$104,535$0
$1,134,895$48,713$0
$989,896$78,534$0
Total number of other employees paid over $50,0009,999
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$875,350
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cleveland Clinic Foundation, Group Return9500 Euclid Avenue No Jj19, Cleveland, OH 44195-0001OH1928-10$8,860,672,869
2Ascension Health-Is Inc4600 Edmundson Rd, Saint Louis, MO 63134-3806MO1946-03$629,285,912
3American Medical Association330 N Wabash Ave Ste 39300, Chicago, IL 60611-5885IL1946-03$500,926,692
4Florida Clinical Practice Association IncPO BOX 100205, Gainesville, FL 32610-0205FL1981-10$456,238,005
5Massachusetts Medical Society, New England Journal Of Medicine860 Winter St, Waltham, MA 02451-1411MA1994-11$225,549,049
6St Lukes Physician Group Inc801 Ostrum Street, Bethlehem, PA 18015-1000PA$178,237,760
7National Board Of Medical Examiners3750 Market St, Philadelphia, PA 19104-3102PA1937-09$152,928,860
8The Physician Network8055 O Street, Lincoln, NE 68510-2564NE1996-01$144,271,007
9National Council Of State Boards Of Nursing Inc, Ncsbn Penn Charter111 E Wacker Dr Ste 2900, Chicago, IL 60601-4277IL1987-06$128,414,839
10Ohio State Medical Association3401 Mill Run Dr, Hilliard, OH 43026-9078OH1936-09$16,036,717
11Ohio Medical Quality Foundation1234 E Broad St, Columbus, OH 43205-1453OH1996-02$4,838,883
12Sylvania Franciscan Health3231 Central Park W Ste 106, Toledo, OH 43617-3009OH1946-03$2,713,895
13Columbus Medical Association Foundation1390 Dublin Rd, Columbus, OH 43215-1009OH1965-07$1,439,894
14Ohio Society Of Anesthesiologists3757 Indianola Ave, Columbus, OH 43214-3753OH1958-03$386,027
15Academy Of Medicine Of Toledo And Lucas County4428 Secor Rd, Toledo, OH 43623-4264OH1950-10$381,903
16Pennsvivania Academy Of Nutrition And Dietetics96 Northwoods Blvd Ste B-2, Columbus, OH 43235-4722OH1988-12$196,681
17Summit County Medical Society908 E Waterloo Rd Suite B, Akron, OH 44306-3928OH1996-01$93,113
18Southeast Region Of The National Rehabilitation Association101 Pinnacle Court, Frankfort, KY 40601-2694KY1991-09$54,335
19International Federation Of Health Information Management Association233 N Michigan Ave 21st Fl, Chicago, IL 60601IL2014-07$0
20The Association Of Medical Service Corps Officers Of The Navy3005 Circle Dr, Bloomsburg, PA 17815-8913PA1999-03$0
Number of organizations performing similar types of work
Alabama4
Arkansas1
Arizona3
California16
Colorado3
Connecticut2
District of Columbia4
Florida5
Georgia3
Idaho1
Illinois17
Indiana4
Kansas4
Kentucky2
Louisiana4
Massachusetts4
Maryland8
Maine2
Michigan2
Minnesota3
Missouri6
North Carolina4
Nebraska2
New Jersey2
New Mexico2
Nevada1
New York5
Ohio9
Oklahoma1
Oregon2
Pennsylvania13
South Carolina1
Tennessee2
Texas8
Virginia7
Washington2
Wisconsin1
Wyoming1
International2
Total163
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralThe Cleveland Clinic Foundation6801 Brecksville Rd Rk1-85, Independence, OH 44131-5032OH1928-10$6,008,512,667
SubordinateCleveland Clinic Foundation, Group Return9500 Euclid Avenue No Jj19, Cleveland, OH 44195-0001OH1928-10$8,860,672,869
SubordinateMedina Hospital1000 E Washington St, Medina, OH 44256-2170OH1928-10$90,564,136
SubordinateKeep Memory Alive888 W Bonneville Ave, Las Vegas, NV 89106-0100NV1928-10$9,409,860
SubordinateMedina Hospital Foundation1000 E Washington St, Medina, OH 44256-2170OH1928-10$1,957,177
SubordinateLou Ruvo Brain Institute888 W Bonneville Ave, Las Vegas, NV 89106-0100NV1928-10$45,503
SubordinateCleveland Clinic Educational Foundation6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1928-10$0
SubordinateCcf Hotel Services Inc6801 Brecksville Rd Rk1-85, Independence, OH 44131-5032OH1928-10$0
SubordinateCleveland Clinic Health System East Region6801 Brecksville Rd, Independence, OH 44131-5032OH1928-10$0
SubordinateFairview Hospital6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1928-10$0
SubordinateLakewood Hospital Association6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1928-10$0
SubordinateLutheran Hospital6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1928-01$0
SubordinateMarymount Hospital Inc6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1946-03$0
SubordinateCleveland Clinic Medical Services Inc6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1928-10$0
SubordinateCcf Lyndhurst Property Corp9500 Euclid Ave H 18, Cleveland, OH 44195-0002OH1928-10$0
SubordinateCcf Lyndhurst Property Ii Corp9500 Euclid Ave H 18, Cleveland, OH 44195-0002OH1928-10$0
SubordinateCleveland Clinic Childrens Hospital For Rehabilitation6801 Brecksville Road-Suite 20-Rk15, Independence, OH 44131-5032OH1928-10$0
SubordinateCleveland Clinic Fl Health Care Venture, Cleveland Clnc Fl Hlth Care Venture6801 Brecksville Rd Rk-85, Independence, OH 44131-5032OH1928-10$0
SubordinateCleveland Clinic Florida Foundation Nonprofit Corporation6801 Brecksville Rd Rk1-85, Independence, OH 44131-5032OH1928-10$0
SubordinateCleveland Clinic Health System Western Region6801 Brecksville Rd Rk1-85, Independence, OH 44131-5032OH1928-10$0
Number of affiliated organizations
Florida2
Nevada2
Ohio31
Total35

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