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EIN 46-4893585

Destination Medical Center Economic Development Agency

IRS 501(c) type
501(c)(3)
Num. employees
11
City
Rochester
State
Minnesota
Year formed
2013
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Destination Medical Center Economic Development Agency drives the mission to secure The City Of Rochester's and Minnesota's Future As A Global, Premier Medical Destination through its non-profit status. The agency, created by Mayo Clinic and authorized by DMC State Statute, delivers expertise in developing and marketing the Destination Medical Center initiative. Moreover, it provides services for implementing the goals, objectives, and strategies in the Destination Medical Center Development plan from its location in Rochester, MN.
Total revenues
$2,292,653
2022
Total expenses
$2,378,662
2022
Total assets
$557,006
2022
Num. employees
11
2022

Program areas at Destination Medical Center Economic Development Agency

The purpose of the eda is to provide experience and expertise in developing and marketing the Destination Medical Center initiative and provide services for implementing the goals, objectives, and strategies in the Destination Medical Center Development plan. The eda is supported primarily through contributions from the Destination Medical Center corporation and through in-kind contributions by mayo clinic.

Who funds Destination Medical Center Economic Development Agency

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The McKnight FoundationFor General Operating Support$92,500

Personnel at Destination Medical Center Economic Development Agency

NameTitleCompensation
Patrick SeebExecutive Director$261,800
Kevin BrightDirector of Housing and Sustainability / Director of Energy and Sustainability$132,128
Geno PalazzariCommunications Manager$116,464
Erin SextonSecretary$0
Marco WagemanTreasurer$0
...and 7 more key personnel

Financials for Destination Medical Center Economic Development Agency

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,022,867
Program services$223,115
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$46,671
Total revenues$2,292,653

Form 990s for Destination Medical Center Economic Development Agency

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-10-21990View PDF
2019-122021-02-26990View PDF
2018-122020-01-31990View PDF
...and 4 more Form 990s
Data update history
January 22, 2024
Updated personnel
Identified 1 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $92,500 from The McKnight Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
195 S Broadway
Rochester, MN 55904
Metro area
Rochester, MN
County
Olmsted County, MN
Website URL
dmc.mn/ 
Phone
(507) 216-9720
IRS details
EIN
46-4893585
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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