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

Destination Medical Center Economic Development Agency

Fiscal year ending 2017. Filed on October 1, 2018.

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 2017 IRS Form 990 filing, Destination Medical Center Economic Development Agency, a 501(c)(3) charitable organization, reported compensation for 8 out of 9 total employees. Among the employees shown here, the average compensation is $660,788. The highest compensated employee at Destination Medical Center Economic Development Agency is Harry Hoffman with fiscal year 2017 compensation of $1,710,302.

Revenue, expenses, and employee compensation

Revenue

$2,263,603

Expenses

$2,282,657

Employee compensation

$701,618
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Harry Hoffman
Board Member
$1,710,302
$0 $1,244,767 $465,535
Jeffrey Bolton
Board Chair/Board Member
$1,418,970
$0 $1,339,768 $79,202
Clark Otley
Vice Chair and Board Member
$987,722
$0 $913,573 $74,149
Kathleen Harrington
Former Officer
$309,833
$0 $295,592 $14,241
Lisa Clarke
EXEC Director/Board Member
$306,476
$0 $240,552 $65,924
Erin Sexton
Secretary
$239,793
$0 $189,283 $50,510
Patrick Seeb
Director of Economic Devel
$200,772
$186,413 No related comp$14,359
Timothy Cody
Finance Director
$112,439
$100,421 No related comp$12,018

Benchmark Employee Compensation

Non-Employee Board Members

Bradley Schmidt
Treasurer
$12,000
$12,000 No related compNo other comp
Thomas Fisher
Board Member
No compensation reported
Gary Smith
Board Member
No compensation reported
Jerry Bell
Board Member
No compensation reported

Contractors

Clarity Cloverdale Fury
Advertising and Communications
$627,192

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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