EIN 41-1843943

University of Minnesota Physicians

IRS 501(c) type
501(c)(3)
Num. employees
4,858
Year formed
1996
Most recent tax filings
2023-06-01
NTEE code, primary
Description
University of Minnesota Physicians is a multi-specialty group practice for the University of Minnesota Medical School faculty. They focus on improving the lives of their patients with collaborative care, breakthrough research and by training physicians.
Total revenues
$902,949,353
2023
Total expenses
$873,243,046
2023
Total assets
$309,059,998
2023
Num. employees
4,858
2023

Program areas at University of Minnesota Physicians

University of Minnesota Physicians (ump) serves as the integrated, multi-specialty group practice for the University of Minnesota medical school (medical school) faculty. It operates as an integral part of the medical school, a component of the University of Minnesota (University), which is a tax-exempt land grant public University. (continued on schedule o)as the designated practice group for the medical school's faculty, ump was established to support the medical school's tripartite mission: clinical care, teaching, and research. It is the organization through which the faculty Physicians provide clinical care to patients and clinical training to the next generation of Physicians. The funds derived from ump's activities are used to financially support the medical school's teaching, research, academic administration, and community service activities.clinical care:ump serves the medical school's clinical care mission and the University's land grant mission by providing high-quality, innovative and cutting-edge clinical care to patients across the state of Minnesota and beyond. It brings academic medicine and evidence-based care to patients at over 80 clinical care sites in Minnesota. Ump owns and operates a number of primary care and specialty clinics, including a number of wholly-owned clinics, as well as a co-owned ambulatory care center, the University of Minnesota health clinics and surgery center, which houses a broad range of specialty clinics. Ump also provides patient care at the hospital and ambulatory care sites of its clinical partners, which include over a dozen nonprofit health care systems with facilities located in the metropolitan region as well as the greater Minnesota region.under an academic affiliation relationship with its primary clinical partner, ump provides the primary physician staffing for the University of Minnesota medical center, Minnesota's flagship teaching facility and the region's only university-level academic medical center. In addition to staffing the academic medical center, ump also provides medical leadership for the center, which includes two acute care hospitals (adult and pediatric - the University of Minnesota masonic children's hospital, home of some of the world's top pediatric cancer programs) and dozens of outpatient specialty clinics.ump employs more than 1,200 Physicians and 2,400 other clinicians and staff who are committed to providing high-quality, patient-focused care to the communities it serves. Ump's highly skilled and highly trained Physicians provide care in over 90 specialties and sub-specialties, diagnosing and treating all patient populations and managing some of the most complex and rare conditions. Ump serves over one million patients annually. It has a charity care program for the uninsured and underinsured and serves many underserved populations. For example: its broadway family medicine clinic, has long provided primary care to an underserved urban community with limited access to health care; its student-run phillips neighborhood clinic is a free clinic that services an uninsured population. Teaching:ump serves the medical school's teaching mission by providing clinical training to the medical students, residents, and fellows in the medical school's graduate medical education programs. Ump's faculty Physicians provide this vital training as part of the clinical care they provide to patients. They provide the physicians-in-training with real life, hands-on patient experience in the clinical setting, instructing them on all aspects of patient care and supervising their patient care activities. This clinical training covers over 140 medical residency and fellowship programs for 19 general specialties and over 100 subspecialties. Ump's faculty Physicians train over 70% of Minnesota's physicians.research:ump services the medical school's research mission by supporting its faculty Physicians' clinical research efforts. Ump's faculty Physicians are physician scientists who are driven to advance medical knowledge through scholarship and translational research. Through the clinical trials they lead, they bring new cures and treatments to the patients they care for in their clinical practices.as a national research powerhouse, the University of Minnesota medical school has long been recognized for pioneering new techniques and therapies in medicine. The world's first successful open heart surgery, heart transplant, and bone marrow transplant were performed at the University of Minnesota medical center. The medical school also developed the first heart-lung machine, the first wearable, battery-operated pacemaker, and more recently, the first-of-its-kind mobile resuscitation vehicle to bring life-saving, emergency room-level care to first responders for cardiac arrest patients.the medical school remains at the forefront of the latest clinical trials and other research. Key research areas include: stem cell research and regenerative medicine; solid organ and blood and marrow transplantation, diabetes, immunology and infectious disease, cancer, neuroscience, lung disease, and cardiovascular disease. Ump's faculty Physicians are principal investigators in hundreds of ongoing clinical trials in these areas. Their research allows ump to constantly improve patient care, outcomes, and quality of life. The funding ump provides to the medical school supports these research efforts.

Who funds University of Minnesota Physicians

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
University of Minnesota Foundation (UMF)Fund Grant To Support the University of Minnesota Physicians Mill City and Broadway Clinics.$213,750

Personnel at University of Minnesota Physicians

NameTitleCompensation
Bevan Yueh, MD, MPHChief Executive Officer$523,664
Abe JacobChief Quality Officer$289,726
William SibertChief Financial Officer$0
Nick NyhusChief Administrative Officer$419,644
Barbara GoldChief Clinical Risk Officer$261,986
...and 15 more key personnel

Financials for University of Minnesota Physicians

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$898,127,070
Investment income and dividends$1,277,439
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-130,156
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,675,000
Total revenues$902,949,353

Form 990s for University of Minnesota Physicians

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-10990View PDF
2022-062023-04-24990View PDF
2021-062022-03-25990View PDF
2020-062021-04-27990View PDF
2019-062020-10-14990View PDF
...and 9 more Form 990s
Data update history
August 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 24, 2024
Updated personnel
Identified 2 new personnel
July 11, 2024
Used new vendors
Identified 2 new vendors, including , and
May 17, 2024
Received grants
Identified 1 new grant, including a grant for $213,750 from University of Minnesota Foundation (UMF)
April 19, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
ClinicsHealth organizationsHeadquarter / parent organizations
Issues
HealthMedical disciplines
Characteristics
Political advocacyLobbyingOperates internationallyState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
720 Washington Ave Se 200
Minneapolis, MN 55414
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
mphysicians.org/ 
Phone
(612) 884-0600
Facebook page
UMPhysicians 
IRS details
EIN
41-1843943
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E31: Group Health Practice
NAICS code, primary
621: Outpatient Health Care Practitioners and Facilities
Parent/child status
Central organization
Free account sign-up

Want updates when University of Minnesota Physicians has new information, or want to find more organizations like University of Minnesota Physicians?

Create free Cause IQ account