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The Cleveland Clinic Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 340714585 ✦ Independence, OH ✦ Designated as a 501(c)(3)

Overview

What is The Cleveland Clinic Foundation?

The Cleveland Clinic Foundation is a prominent nonprofit healthcare organization, headquartered at Cleveland, Ohio. With a team of over 3,000 medical professionals and researchers, they cover a broad spectrum of 120 medical specialties and subspecialties. Their mission encompasses three essential aspects: caring for life, researching for health, and educating those who serve. This holistic approach ensures that the foundation not only tends to patients but also invests in medical advancements and nurtures future healthcare providers.


Official website here: www.clevelandclinic.org

Is The Cleveland Clinic Foundation legitimate?

The Cleveland Clinic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cleveland Clinic Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $25,435,624
Professional Fundraising Fees: $1,936,471
Other Salaries and Wages: $3,455,202,034

For more financial information, click here


Official website here: www.clevelandclinic.org

What is the mission statement of The Cleveland Clinic Foundation?

The Cleveland Clinic Foundation is committed to enhancing lives, driving health advancements, and educating healthcare professionals. Their mission encompasses caring for patients, conducting research, and teaching those in the healthcare field. With a team of over 3,000 physicians and researchers, they cover a broad range of medical specialties and subspecialties. Their ultimate goal is to provide exceptional care and contribute to the overall improvement of health for individuals and communities.


Official website here: www.clevelandclinic.org

Who is the CEO of The Cleveland Clinic Foundation?

Tomislav Mihaljevic Md is the Principal Officer of The Cleveland Clinic Foundation. The CEO's salary of The Cleveland Clinic Foundation is $717,864 and their total compensation is $152,636.


Official website here: www.clevelandclinic.org

What is the revenue of The Cleveland Clinic Foundation?

The Cleveland Clinic Foundation's revenue in 2022 was $7,583,607,049.


Official website here: www.clevelandclinic.org

Who are the executives of The Cleveland Clinic Foundation and what are their salaries?

The average compensation at The Cleveland Clinic Foundation during 2022 was $73,951. There are 47,067 employees and 391 volunteers at The Cleveland Clinic Foundation.

Here are 58 key members and their salaries (The Cleveland Clinic Foundation's CEO's salary is $717,864 and their total compensation is $152,636):

    Mihaljevic Md Tomislav (Director, President & Ceo)
  • Compensation: $6,205,435
  • Related: $0
  • Other: $51,315

    • Brooks Md Peter (Physician (2022 Retiree))
  • Compensation: $7,464,421
  • Related: $0
  • Other: $-1,632,555

    • Donley Md Brian (Ceo, Cc London (Part Yr))
  • Compensation: $0
  • Related: $4,424,918
  • Other: $54,256

    • Rowan David (Secretary, Chief Gov Off & Clo)
  • Compensation: $2,288,096
  • Related: $0
  • Other: $47,905

    • Falcone Md Tommaso (Interim Ceo, Ccl (Part Yr))
  • Compensation: $0
  • Related: $2,213,927
  • Other: $54,256

    • Kottke-Marchant Md Kandice (Physician (2022 Retiree))
  • Compensation: $2,926,750
  • Related: $0
  • Other: $-682,117

    • Strein Stefan (Chief Investment Officer)
  • Compensation: $2,010,744
  • Related: $0
  • Other: $49,264

    • Peacock William (Chief Of Operations)
  • Compensation: $1,945,605
  • Related: $0
  • Other: $45,694

    • Svensson Md Lars (Chair Of Hvti)
  • Compensation: $1,840,715
  • Related: $0
  • Other: $51,696

    • Chandra Phd Rohit (Chief Digital Officer)
  • Compensation: $1,828,036
  • Related: $0
  • Other: $51,118

    • Ruggieri Md Paul (Physician (2022 Retiree))
  • Compensation: $2,444,796
  • Related: $0
  • Other: $-667,687

    • Delaney Md Phd Conor (Ceo And President, Cc Florida)
  • Compensation: $0
  • Related: $1,685,384
  • Other: $44,753

    • Glass Steven C (Cfo & Treasurer (Part Yr))
  • Compensation: $1,668,558
  • Related: $0
  • Other: $22,859

    • Suri Md Rakesh (Former Key Emp - Ceo Ccad)
  • Compensation: $1,629,406
  • Related: $0
  • Other: $45,301

    • Hancock Dnp Rn Ne-Bc Kelly (Chief Caregiver Officer)
  • Compensation: $1,586,716
  • Related: $0
  • Other: $6,058

    • Merlino Md James (Chief Clinical Transformation Off)
  • Compensation: $1,560,488
  • Related: $0
  • Other: $32,000

    • Guzman Md Jorge (Ceo Ccad)
  • Compensation: $1,518,914
  • Related: $0
  • Other: $47,714

    • Ridgeway Md Beri (Director, Chief Of Staff)
  • Compensation: $1,419,527
  • Related: $0
  • Other: $50,640

    • Smedira Md Mba Nicholas (Director, Physician)
  • Compensation: $1,302,287
  • Related: $0
  • Other: $49,271

    • Helton Anthony (Interim Cfo)
  • Compensation: $999,198
  • Related: $0
  • Other: $37,617

    • Singh Md Rishi (Director, Physician)
  • Compensation: $790,189
  • Related: $0
  • Other: $45,147

    • Young Md James P (Former Officer)
  • Compensation: $724,436
  • Related: $0
  • Other: $39,181

    • Davis Marleina (Asst. Secretary)
  • Compensation: $649,318
  • Related: $0
  • Other: $11,816

    • Kalaycio Md Matt (Director, Physician)
  • Compensation: $573,098
  • Related: $0
  • Other: $47,233

    • Longville Timothy (Cao & Controller)
  • Compensation: $597,039
  • Related: $0
  • Other: $-87,983

    • Oblander Jason (Asst. Secretary)
  • Compensation: $281,148
  • Related: $0
  • Other: $21,729

    • Sabanegh Md Edmund (Former Officer (Retired))
  • Compensation: $162,548
  • Related: $0
  • Other: $2,821

    • Cosgrove Md Delos (Former Officer (Retired Ceo))
  • Compensation: $717,864
  • Related: $0
  • Other: $-565,228

    • Meehan Michael J (Recording Secretary)
  • Compensation: $365,706
  • Related: $0
  • Other: $-244,844

    • Auletta Patrick V (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benz Michael (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Crawford Deborah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fedeli Umberto P (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hoover Carole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ishrak Phd Omar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kemper Rn Betty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kilbane Catherine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kohl Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kramer Richard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Macdonald William Iii (Director (Part Yr))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maroone Michael (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Morino Mario (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nance Frederick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rich Melinda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ross Mark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Schulman Dan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Harold Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stevens Mark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vega Lorraine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Waldron John (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Weber Robert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Weinberg Ronald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mooney Beth E (Director, Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Petras Jr Michael J (Dir, Vice Chair, Finance & Bus Dev) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pollock Larry (Dir, V. Chair, Philanthrpy & Stewardshp) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malone Jr Md Donald (Pres, Ohio Hospitals & Fhcs)
  • Compensation: $1,338,197
  • Related: $0
  • Other: $-1,495,693

    • Erzurum Md Serpil (Chief Research And Academic Officer)
  • Compensation: $1,349,667
  • Related: $0
  • Other: $-1,571,191

    • Wiedemann Md Herbert (Former Officer (Retired))
  • Compensation: $210,113
  • Related: $0
  • Other: $-796,066


  • Official website here: www.clevelandclinic.org

    Where can I find the form 990 for The Cleveland Clinic Foundation?

    The The Cleveland Clinic Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.clevelandclinic.org

    Learn more at the official website: www.clevelandclinic.org

    Mission Statement of The Cleveland Clinic Foundation

    The Cleveland Clinic Foundation, a renowned integrated healthcare delivery system, is dedicated to improving lives through three core commitments: caring for patients, conducting research, and educating healthcare professionals. With over 3,000 physicians and researchers representing 120 medical specialties and subspecialties, this esteemed organization strives to deliver world-class healthcare services and advance medical knowledge.

    In the realm of patient care, Cleveland Clinic is committed to providing exceptional treatment for a wide range of conditions. Their team of highly skilled healthcare professionals collaborates to ensure that each patient receives comprehensive and personalized care, addressing their unique medical needs. The organization's research initiatives contribute significantly to advancing medical knowledge, leading to new treatments and improved patient outcomes.

    In addition to direct patient care and research, Cleveland Clinic places great emphasis on educating the future caregivers of tomorrow. By offering educational programs for healthcare professionals and students, they are able to ensure that the highest standards of medical knowledge and expertise are being passed on to the next generation. This holistic approach to healthcare, which encompasses both patient care and the training of future healthcare providers, sets The Cleveland Clinic Foundation apart as a leader in the field.

    Impact

    This information is meant to be a general summary of The Cleveland Clinic Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Cleveland Clinic Foundation's impact is significant in the field of healthcare, with a focus on caring for life, researching for health, and educating those who serve. Cleveland Clinic, as an integrated healthcare delivery system, has a wide reach locally, nationally, and internationally. With over 3,000 physicians and researchers spanning 120 medical specialties and subspecialties, the organization plays a crucial role in advancing healthcare and improving patient outcomes. Its mission of caring for life, researching for health, and educating healthcare professionals underscores its commitment to excellence in healthcare delivery.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29,380,610
  • Program Service Revenue: $7,330,742,260
  • Gross Receipts: $8,847,577,085

    • Assets and Liabilities:
  • Total Assets: $15,354,669,845
  • Total Liabilities: $7,217,745,829
  • Net Assets: $8,136,924,016
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    NET PATIENT SERVICES

    Revenue

    $3,777,270,861

    MEDICARE/MEDICAID PAYM

    Revenue

    $2,648,041,943

    OTHER PROGRAM SERVICES

    Revenue

    $834,801,217

    PARKING, PHONE & OTHER

    Revenue

    $53,919,787

    MANAGEMENT FEES

    Revenue

    $14,476,263

    Organization Details

    Founding Year

    1921

    Principal Officer

    Tomislav Mihaljevic Md

    Main Address

    6801 BRECKSVILLE RD RK1-85, INDEPENDENCE, OH, 44131

    NTEE Category

    Code: B41 - Education

    If you are a representative of The Cleveland Clinic Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.