THE CLEVELAND CLINIC FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE CLEVELAND CLINIC FOUNDATION

EIN 34-0714585 · Health Care (E210)

What they do

CARING for LIFE, RESEARCHING for HEALTH and EDUCATING THOSE WHO SERVE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders53 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.37%of revenue went to mission work89.7% of expenses · Program services

0.27%of revenue went to fundraising0.3% of expenses

$97.46spent for every $100 of revenueRevenue covered expenses this year.

9.81%of revenue went to management and office costs10.1% of expenses

$1.84in assets for every $1 spent this yearSome assets cannot be spent right away.

4.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $9,709,152 for MIHALJEVIC MD TOMISLAV (DIRECTOR, PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,680,031,802

Mission workProgram services$8,457,903,75087.37% of revenue89.7% of expenses

ManagementOffice and general costs$949,647,9389.81% of revenue10.1% of expenses

FundraisingAsking for donations$26,529,8630.27% of revenue0.3% of expenses

Revenue left after expensesReported annual surplus$245,950,2512.54% of revenueShown in gray on the chart

Total expenses$9,434,081,55197.46% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.7% mission · 10.1% management · 0.3% fundraisingTotal expenses: 97.46% of revenue

2023Expense mix: 89.5% mission · 10.2% management · 0.3% fundraisingTotal expenses: 95.09% of revenue

2022Expense mix: 89.4% mission · 10.3% management · 0.3% fundraisingTotal expenses: 101.16% of revenue

2021Expense mix: 90.4% mission · 9.4% management · 0.2% fundraisingTotal expenses: 85.07% of revenue

2020Expense mix: 90.0% mission · 9.7% management · 0.3% fundraisingTotal expenses: 90.14% of revenue

2019Expense mix: 89.8% mission · 10.0% management · 0.2% fundraisingTotal expenses: 91.25% of revenue

2018Expense mix: 89.4% mission · 10.4% management · 0.2% fundraisingTotal expenses: 94.07% of revenue

2017Expense mix: 89.1% mission · 10.7% management · 0.3% fundraisingTotal expenses: 93.45% of revenue

Money in and money out

Revenue$9,680,031,802

Expenses$9,434,081,551

Annual surplus $245,950,251 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,457,903,750 · 89.7% of expenses

Management and office costs$949,647,938 · 10.1% of expenses

Fundraising$26,529,863 · 0.3% of expenses

See all reported dollar amounts

Revenue$9,680,031,802

Expenses$9,434,081,551

Assets$17,384,365,197

Income$10,783,069,848

Contributions$459,249,151

Mission work (program services)$8,457,903,750

Fundraising$26,529,863

Grants given$289,999,440

Average grant$424,597

Management and general$949,647,938

Stocks and bonds$3,352,017,153

Accounting fees$2,554,562

Investing fees$22,253,066

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MIHALJEVIC MD TOMISLAVDIRECTOR, PRESIDENT & CEO · 50 hrs/week $9,709,152Base $7,650,847 · Other $2,058,305

MALONE JR MD DONALD AEVP, PRES NEO MKT (PART YR) · 50 hrs/week $3,459,941Base $1,610,899 · Other $1,849,042

LARAWAY DENNISEVP, CFO & TREASURER · 50 hrs/week $3,172,796Base $3,127,004 · Other $45,792

HANCOCK DNP RN NE-BC KELLYEVP, CHIEF CAREGIVER OFF & CAO · 50 hrs/week $2,813,505Base $2,157,469 · Other $656,036

RIDGEWAY MD BERIDIR, EVP ENTERPRISE CHIEF OF STAFF · 50 hrs/week $2,743,886Base $1,986,502 · Other $757,384

HABER MD GEORGES-PASCALCEO, CCAD (PART YR) · 50 hrs/week $2,589,546Base $2,538,489 · Other $51,057

GUZMAN MD JORGEEVP, PRES NEO MKT (PART YR) · 50 hrs/week $2,580,319Base $1,929,479 · Other $650,840

SVENSSON MD LARSINSTITUTE CHIEF - HVTI · 50 hrs/week $2,491,658Base $2,433,081 · Other $58,577

ROWAN DAVID WSEC, EVP, CHIEF LEGAL OFF (PART YR) · 50 hrs/week $2,278,133Base $2,224,430 · Other $53,703

STREIN STEFANVP, CHIEF INVESTMENT OFFICER · 50 hrs/week $2,229,470Base $2,173,858 · Other $55,612

GILLINOV MD A MARCDEPT CHAIR, THORACIC & CARDIOVAS SURGERY · 50 hrs/week $2,203,236Base $2,141,240 · Other $61,996

CHANDRA PHD ROHITEVP, CHIEF DIGITAL OFFICER · 50 hrs/week $2,184,754Base $2,133,862 · Other $50,892

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (53)

MIHALJEVIC MD TOMISLAVDIRECTOR, PRESIDENT & CEO

MALONE JR MD DONALD AEVP, PRES NEO MKT (PART YR)

LARAWAY DENNISEVP, CFO & TREASURER

HANCOCK DNP RN NE-BC KELLYEVP, CHIEF CAREGIVER OFF & CAO

RIDGEWAY MD BERIDIR, EVP ENTERPRISE CHIEF OF STAFF

HABER MD GEORGES-PASCALCEO, CCAD (PART YR)

GUZMAN MD JORGEEVP, PRES NEO MKT (PART YR)

SVENSSON MD LARSINSTITUTE CHIEF - HVTI

ROWAN DAVID WSEC, EVP, CHIEF LEGAL OFF (PART YR)

STREIN STEFANVP, CHIEF INVESTMENT OFFICER

GILLINOV MD A MARCDEPT CHAIR, THORACIC & CARDIOVAS SURGERY

CHANDRA PHD ROHITEVP, CHIEF DIGITAL OFFICER

PEACOCK WILLIAM MEVP, CHIEF OF OPERATIONS

NAJM MD HANICHAIR, PED & CONGENITAL HEART SURGERY

HULL MD TRACYPHYSICIAN (RETIREE 2024)

ERZURUM MD SERPILEVP, CHIEF RESEARCH & ACADEMIC OFF

GORDON DEBORAHEVP, CLO, SEC (PART YR)

FALCONE MD TOMMASOEVP, PRES INTL EMERG MKTS (PT YR)

DAVIS MARLEINAASST. SECRETARY (PART YR)

EATON JOHNSON VICKIEEVP, CHIEF COMMUNITY OFF (PART YR)

YERIAN MD LISAEVP CHIEF CLINICIAL OP IMP OFF (PART YR)

LONGVILLE TIMOTHYVP, CHIEF ACCOUNTING OFFICER

DELANEY MD PHD CONOREVP, PRESIDENT OF FL MKT

OBLANDER JASONDEPUTY CHIEF GOV & ASST SEC

WIEDEMANN MD HERBERTFORMER OFFICER (RETIRED)

LORENZ MD ROBERTPRESIDENT, CLEVELAND CLINIC LONDON

CRAWFORD DEBORAH ADIRECTOR

POLLOCK LARRYDIR, V CHAIR, PHILANTHROPY STEWARDSHP

RICH MELINDA RDIRECTOR

DONLEY MD BRIANFORMER CEO CC LONDON

ROSS MARKDIRECTOR

SCHULMAN DANDIRECTOR

SCOTT JR HAROLD LEEDIRECTOR (PART YR)

FEDELI UMBERTO PDIRECTOR

BENZ K MICHAELDIRECTOR (PART YR)

VEGA LORRAINEDIRECTOR (PART YR)

WALDRON JOHNDIRECTOR

WEINBERG RONALD EDIRECTOR

AULETTA PATRICK VDIRECTOR (PART YR)

PETRAS JR MICHAEL BDIR, V CHAIR, FINANCE & BUS DEV

KEMPER RN BETTY JDIRECTOR (PART YR)

NANCE ESQ FREDERICK RDIRECTOR

GORSKY ALEXDIRECTOR (PART YR)

MORINO MARIO MDIRECTOR (PART YR)

MOONEY BETH EDIRECTOR, BOARD CHAIR

MITTAL LAKSHMI NDIRECTOR (PART YR)

GWIN BONNIE WDIRECTOR

MAROONE MICHAEL EDIRECTOR

HOOVER CAROLE FDIRECTOR

ISHRAK PHD OMARDIRECTOR

KRAMER RICHARD JDIRECTOR

KOHL STEWART ADIRECTOR

KILBANE ESQ CATHERINE MDIRECTOR

About this charity

Recognized since: January 1928
Location: 6801 BRECKSVILLE RD RK1-85, INDEPENDENCE, OH 44131-5032
County: Cuyahoga
In care of: % THE CLEVELAND CLINIC FOUNDATION
Primary officer: DENNIS L LARAWAY, EVP/CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(216) 444-2200

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG LLP
NTEE classification: Health Care (E210)
Grant-giving organization: Yes