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

Destination Medical Center Economic Development Agency

Fiscal year ending 2019. Filed on November 11, 2020.

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 2019 IRS Form 990 filing, Destination Medical Center Economic Development Agency, a 501(c)(3) charitable organization, reported compensation for 10 employees. Among the employees shown here, the average compensation is $636,839. The highest compensated employee at Destination Medical Center Economic Development Agency is Jeffrey Bolton with fiscal year 2019 compensation of $1,734,382.

Revenue, expenses, and employee compensation

Revenue

$2,685,643

Expenses

$2,657,067

Employee compensation

$827,745
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeffrey Bolton
Board Chair/Board Member
$1,734,382
$0 $1,644,114 $90,268
Harry Hoffman
Director
$1,630,275
$0 $1,550,323 $79,952
Clark Otley
Vice Chair and Board Member
$1,174,729
$0 $1,088,159 $86,570
Lisa Clarke
EXEC Director/Board Member
$333,132
$0 $253,840 $79,292
Erin Sexton
Secretary
$248,340
$0 $182,779 $65,561
Patrick Seeb
Director of Economic Devel
$229,140
$212,495 No related comp$16,645
Timothy Cody
Finance Director
$128,161
$111,787 No related comp$16,374
William James von Bank
Director of Marketing
$127,893
$115,092 No related comp$12,801
Kevin Bright
Director of Energy and SUS
$125,496
$107,804 No related comp$17,692
Bradley Schmidt
Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Jerry Bell
Director
Joselyn Raymundo
Director
Pam Wheelock
Board Member (Part-Year)
Thomas Fisher
Director

Contractors

Clarity Cloverdale Fury
Advertising and Communications
$476,029

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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