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EIN 46-4893585

Destination Medical Center Economic Development Agency

IRS 501(c) type
501(c)(3)
Num. employees
13
City
Rochester
State
Minnesota
Year formed
2013
Most recent tax filings
2021-12-01
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
$2,178,384
2021
Total expenses
$2,009,827
2021
Total assets
$727,598
2021
Num. employees
13
2021

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$150,000
The McKnight FoundationFor General Operating Support$150,000
The McKnight FoundationFor General Operating Support$92,500
...and 1 more grant received

Personnel at Destination Medical Center Economic Development Agency

NameTitleCompensation
Patrick SeebExecutive Director$226,347
William von BankDirector of Marketing and$118,751
Kevin BrightDirector of Housing and Sustainability / Director of Energy and Sustainability$101,259
Erin SextonSecretary$0
Jeffrey BoltonDirector and Chair / President and Director / Board Chair and Board Member$0
...and 6 more key personnel

Financials for Destination Medical Center Economic Development Agency

RevenuesFYE 12/2021
Total grants, contributions, etc.$2,018,906
Program services$100,038
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$59,440
Total revenues$2,178,384

Form 990s for Destination Medical Center Economic Development Agency

Fiscal year endingDate received by IRSFormPDF link
2020-122021-10-21990View PDF
2019-122021-02-26990View PDF
2018-122020-01-31990View PDF
2017-122018-11-15990View PDF
2016-122018-01-18990View PDF
...and 2 more Form 990s
Data update history
June 12, 2023
Received grants
Identified 2 new grant, including a grant for $150,000 from The McKnight Foundation
August 15, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 4, 2022
Updated personnel
Identified 3 new personnel
August 3, 2022
Used new vendors
Identified 1 new vendor, including
September 23, 2021
Received grants
Identified 1 new grant, including a grant for $92,500 from The McKnight Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelTax 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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