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University of Minnesota Physicians

Public charity · Grantmaker Minneapolis, MN EIN: 41-1843943 Website

University of Minnesota Physicians serves as the integrated group practice for the university of Minnesota medical school full-time faculty to provide the highest quality healthcare to patients and their families.University of Minnesota Physicians is a multi-specialty physician organization serving as the faculty practice plan for the university of Minnesota medical school. It is dedicated to providing high quality, patient focused care and advancing medical knowledge. It supports theresearch and education missions of the medical school.

Key facts about University of Minnesota Physicians

In short: University of Minnesota Physicians gave $9.5M across 1 grant in 2025 (avg $9.5M), mostly in Minnesota. Source: 2025 IRS Form 990.

EIN
41-1843943
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$9,541,084
Grants made (2025)
1
Average grant
$9,541,084
Median grant
$9,541,084
Total assets
$350,393,684
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$350.4M

+22.2% YoY

Annual Giving

$9.5M

+4.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$9.5M

+4.4% YoY

How University of Minnesota Physicians gives

  • Giving fell 62% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About University of Minnesota Physicians

Based on IRS filings

University of Minnesota Physicians is a public charity focused on Health, based in Minneapolis, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $350.4M in total assets. In 2025, it awarded 1 grant totaling $9.5M. Net investment income was $2.8M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

Minneapolis

Giving Over Time

Total grant dollars and number of grants per year

$0$10M$20M$30M1 grants20191 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

From 2019 to 2025, annual grant giving ranged from $1.6M (2020) to $25.3M (2022). In 2025 it made 1 grant totaling $9.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

University of Minnesota: $9.5MUniversity of Minnesota$9.5M

The largest 2025 recipient was University of Minnesota ($9.5M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Minnesota Minneapolis, MNEducation & Research$9,541,084

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500M$1B$1.5B2019202020212022202320242025
Metric202520242023
Total Assets$350,393,684$286,805,724$309,059,998
Revenue$1,008,701,283$903,048,414$902,949,353
Expenses$960,484,923$909,135,379$873,243,046
Net Investment Income$2,763,543$2,333,631$1,147,283

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS April 9, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS April 20, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS March 25, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS April 24, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 10, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 7, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)

Leadership & Key People

Officers and directors from IRS filings

University of Minnesota Physicians is led by Bevan Yueh, CEO since 2022 (on filings since 2019); 18 of 25 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Bevan Yueh

    CEO

    Physician → CFO, 2021

    CFO → CEO, 2022

    On filings since 2019

    20 hrs/week

    $279K (2019) → $607K (2025)

  • Jakub Tolar

    Physician & Board Chair

    CMO & Physician → Physician, 2020

    Physician → Physician & Board Chair, 2021

    On filings since 2019

    20 hrs/week

    $39K (2019) → $37K (2025)

  • Joseph Neglia

    Director & Employed Physician

    Physician → Director & Employed Physician, 2022

    On filings since 2019

    20 hrs/week

    $176K (2019) → $264K (2025)

  • Kathryn Kacey Justesen

    Director & Employed Physician

    Physician → Director & Employed Physician, 2022

    On filings since 2019

    20 hrs/week

    $33K (2019) → $105K (2025)

  • Sayeed Ikramudin

    Director & Employed Physician

    Physician → Director & Employed Physician, 2022

    On filings since 2019

    20 hrs/week

    $465K (2019) → $560K (2025)

  • Catherine Bendel

    Director & Employed Physician

    Physician → Director & Employed Physician, 2022

    On filings since 2021

    20 hrs/week

    $248K (2021) → $223K (2025)

  • Joel Boyd

    Director & Employed Physician

    On filings since 2022

    20 hrs/week

    $452K (2022) → $542K (2025)

  • Naomi Fujioka

    Director & Employed Physician

    On filings since 2022

    20 hrs/week

    $201K (2022) → $203K (2025)

  • Elizabeth Seaquist

    Director & Employed Physician

    On filings since 2023

    20 hrs/week

    $210K (2023) → $185K (2025)

  • Jessica Kuehn-Hajder

    Director & Employed Physician

    On filings since 2024

    20 hrs/week

    $458K (2024) → $507K (2025)

  • Denis Clohisy

    Physician & Board Vice Cha

    Physician & Vice Chair → Physician & Board Vice Chair, 2022

    Physician & Board Vice Chair → Physician & Board Vice Cha, 2025

    On filings since 2019

    20 hrs/week

    $447K (2019) → $512K (2025)

  • Rahel Ghebre

    Physician & Board Secretary

    Physician → Physician & Secretary, 2021

    Physician & Secretary → Physician & Board Secretary, 2022

    On filings since 2019

    20 hrs/week

    $97K (2019) → $324K (2025)

  • Rosemary Kelly

    Employed Physician

    Physician → Employed Physician, 2022

    On filings since 2019

    20 hrs/week

    $956K (2019) → $1.5M (2025)

  • Christopher Martin

    Employed Physician

    Physician → Employed Physician, 2022

    On filings since 2021

    20 hrs/week

    $1.4M (2021) → $1.9M (2025)

  • Matthew Hunt

    Employed Physician

    Physician → Employed Physician, 2022

    On filings since 2021

    20 hrs/week

    $1.2M (2021) → $1.1M (2025)

  • Nick Nyhus

    CAO

    Chief Administrative Officer → CAO, 2025

    On filings since 2022

    40 hrs/week

    $322K (2022) → $369K (2025)

  • Pranava Sinha

    Employed Physician

    On filings since 2024

    20 hrs/week

    $1.4M (2024) → $1.3M (2025)

  • Amila William

    Employed Physician

    New on the 2025 filing

    20 hrs/week

    $1.1M (2025)

  • Dee Thibodeau

    Community Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jon Christianson

    Community Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Julia Joseph-Di Caprio

    Community Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Richard Migliori

    Community Board Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Tom Olson

    Community Board Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Kathleen Pickard

    Community Board Member

    Community Board Member & Board Treasurer → Community Board Member, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • William Sibert

    CFO

    On filings since 2023

    40 hrs/week

    No compensation reported

Former officers (45)
  • Former: Tushar Vora (2019–2024) — Employed Physician
  • Former: James Hereford (2020–2024) — Nonvoting Board Member
  • Former: Amy Reed Termed (2024) — Director & Employed Physician
  • Former: Amy Reed (2019–2023) — Director & Employed Physician
  • Former: Kristine B. Johnson (2019–2023) — Community Board Member
  • Former: Pete Mitsch (2019–2023) — Former CFO
  • Former: Peter Igarashi (2019–2023) — Director & Employed Physician
  • Former: Luciano Amado (2020–2023) — Employed Physician
  • Former: Julia Joseph-Dicaprio (2021–2023) — Community Board Member
  • Former: Ann Van Heest (2019–2022) — Director & Employed Physician
  • Former: Barbara Daniels (2019–2022) — Former CEO
  • Former: Jon Hallberg (2019–2022) — Director & Employed Physician
  • Former: Badrinath Konety MD (2019–2021) — Former CEO
  • Former: Barbara Gold (2019–2021) — Clinical Risk Officer
  • Former: Demosthenes Iskos MD (2019–2021) — Physician
  • Former: Mary Johnson (2019–2021) — Chief Strategy Officer
  • Former: Abe Jacob (2020–2021) — COO
  • Former: Amy Reed Md Facs Rp (2020–2021) — Physician
  • Former: Sayeed Irkramuddin Md Mha (2021) — Physician
  • Former: Stephen Battista MD (2021) — Physician
  • Former: Bradley Benson MD (2019–2020) — Physician
  • Former: Brian Burnett PhD (2019–2020) — Community Board Member
  • Former: Carrie Terrell MD (2019–2020) — Physician
  • Former: Charles Dietz MD (2019–2020) — Physician
  • Former: Edward Greeno MD (2019–2020) — Physician
  • Former: Eric Ernst MD (2019–2020) — Physician
  • Former: Holly Boyer MD (2019–2020) — Physician
  • Former: Kyle Anderson MD (2019–2020) — Physician
  • Former: Patricia Adam MD (2019–2020) — Physician
  • Former: Quan Pham MD (2019–2020) — Physician
  • Former: Sameer Gupta MD (2019–2020) — Physician
  • Former: Sopia Vinogradov MD (2019–2020) — Physician
  • Former: Steven Heifetz MD (2019–2020) — Physician
  • Former: Thomas Olson (2019–2020) — Community Board Member
  • Former: Christine Johnson (2020) — Community Board Member
  • Former: Gerg Beilman MD (2020) — Physician
  • Former: James Pacala MD MS (2020) — Physician
  • Former: Sarah Schwarzenberg M (2020) — Physician
  • Former: Shamane March MD (2020) — Physician
  • Former: Greg Beilman MD (2019) — Physician
  • Former: James Pacala MD (2019) — Physician
  • Former: Julia Joseph Di-Caprio (2019) — Community Board Member
  • Former: Levi Downs MD (2019) — CMO
  • Former: Macaran Baird MD (2019) — CEO
  • Former: Sarah Schwarzenberg MD (2019) — Physician

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Christopher Martin — Employed Physician: $1.9MChristopher MartinEmployed Physician$1.9MRosemary Kelly — Employed Physician: $1.5MRosemary KellyEmployed Physician$1.5MPranava Sinha — Employed Physician: $1.3MPranava SinhaEmployed Physician$1.3MMatthew Hunt — Employed Physician: $1.1MMatthew HuntEmployed Physician$1.1MAmila William — Employed Physician: $1.1MAmila WilliamEmployed Physician$1.1MBevan Yueh — CEO Through 7/1/2025: $607KBevan YuehCEO Through 7/1/2025$607KSayeed Ikramudin — Director and Employed Physician: $560KSayeed IkramudinDirector and Employed Physician$560KJoel Boyd — Director and Employed Physician: $542KJoel BoydDirector and Employed Physician$542KDenis Clohisy — Physician & Board Vice Cha: $512KDenis ClohisyPhysician & Board Vice Cha$512KJessica Kuehn-Hajder — Director and Employed Physician: $507KJessica Kuehn-HajderDirector and Employed Physician$507KNick Nyhus — Cao Through 10/2024: $369KNick NyhusCao Through 10/2024$369KRahel Ghebre — Physician & Board Secretary: $324KRahel GhebrePhysician & Board Secretary$324KJoseph Neglia — Director and Employed Physician: $264KJoseph NegliaDirector and Employed Physician$264KCatherine Bendel — Director and Employed Physician: $223KCatherine BendelDirector and Employed Physician$223KNaomi Fujioka — Director and Employed Physician: $203KNaomi FujiokaDirector and Employed Physician$203KElizabeth Seaquist — Director and Employed Physician: $185KElizabeth SeaquistDirector and Employed Physician$185KKathryn Kacey Justesen — Director and Employed Physician: $105KKathryn Kacey JustesenDirector and Employed Physician$105KJakub Tolar — Physician & Board Chair: $37KJakub TolarPhysician & Board Chair$37K

The highest reported compensation on the 2025 filing was $1.9M, to Christopher Martin (Employed Physician). 18 officers or directors reported compensation on that filing.

Frequently asked questions about University of Minnesota Physicians

How much does University of Minnesota Physicians give each year?

University of Minnesota Physicians gave $9.5M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $9.1M across 1 grant.

How large is University of Minnesota Physicians?

University of Minnesota Physicians reported $350.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.0B.

What is University of Minnesota Physicians?

University of Minnesota Physicians is a public charity focused on Health, based in Minneapolis, MN. It holds $350.4M in total assets as of 2025.

Where does University of Minnesota Physicians operate?

University of Minnesota Physicians has awarded grants in Minnesota.

What is University of Minnesota Physicians's EIN?

University of Minnesota Physicians's EIN (Employer Identification Number) is 41-1843943. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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