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Organizations Community Improvement & Capacity Building Destination Medical Center Economic Development Agency

Destination Medical Center Economic Development Agency

Fiscal year ending 2016. Filed on November 14, 2017.

195 S Broadway
Rochester, Minnesota 55904

Destination Medical Center Economic Development Agency (EIN: 46-4893585) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, Destination Medical Center Economic Development Agency, a 501(c)(3) charitable organization, reported compensation for 9 employees. Among the employees shown here, the average compensation is $693,036. The highest compensated employee at Destination Medical Center Economic Development Agency is Harry Hoffman with fiscal year 2016 compensation of $2,026,774.

Revenue, expenses, and employee compensation

Revenue

$2,069,225

Expenses

$1,974,052

Employee compensation

$494,108
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Harry Hoffman
Board Member
$2,026,774
$0 $1,504,081 $522,693
Jeffrey Bolton
Board Chair
$1,279,065
$0 $1,205,545 $73,520
Clark Otley
Vice Chair
$956,868
$0 $888,570 $68,298
Nancy Orr
Board Member (Part-Year)
$500,639
$0 $463,940 $36,699
Lisa Clarke
EXEC Director/Board Member
$291,341
$0 $232,838 $58,503
Erin Sexton
Secretary
$209,257
$0 $164,932 $44,325
Patrick Seeb
Director of Economic Development and Placemaking
$179,440
$179,440 No related compNo other comp
Mary Welder
Director of Marketing and Communication
$100,904
$100,904 No related compNo other comp
Bradley Schmidt
Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Gary Smith
Board Member
Jerry Bell
Board Member
Thomas Fisher
Board Member

Contractors

Clarity Cloverdale Fury
Advertising and Communications
$493,597
Himle Rapp & CO
Marketing and Communication
$174,953

Mission Statement

THE NON-PROFIT DMC ECONOMIC DEVELOPMENT AGENCY (EDA) IS AN ECONOMIC DEVELOPMENT CORPORATION FORMED BY THE MAYO CLINIC AND AUTHORIZED BY THE DMC STATE STATUTE TO PROVIDE SERVICES TO THE DMCC TO SECURE THE CITY OF ROCHESTER'S AND MINNESOTA'S FUTURE AS A GLOBAL, PREMIER MEDICAL DESTINATION AND TO FURTHER MAYO CLINIC'S MISSION BY PROVIDING THE IDEAL PATIENT, COMPANION, VISITOR AND COMMUNITY MEMBER EXPERIENCE.

Revisions to this organization profile

November 3, 2025:
2024 Destination Medical Center Economic Development Agency 990 filed
November 14, 2024:
2023 Destination Medical Center Economic Development Agency 990 filed
November 15, 2023:
2022 Destination Medical Center Economic Development Agency 990 filed

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