Nonprofit · EIN 46-4893585
DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY
Tax-exempt · ROCHESTER, MN 55904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,260,410 | $4,260,710 | -$300 | $1,275,162 | $870,398 | $404,764 |
| December 31, 2023 | 990 | $4,963,508 | $4,916,735 | $46,773 | $959,522 | $713,833 | $245,689 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,464,972
- of which government grants
- $874,101
- Program service revenue
- $759,411
- Investment income
- $0
- Other revenue
- $36,027
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $321,952
- Other salaries and wages
- $1,092,601
- Salaries, compensation and benefits (total)
- $1,786,278
- Professional fundraising fees
- $0
- Legal fees
- $27,428
- Accounting fees
- $62,700
- Occupancy
- $1,347
- Depreciation
- $7,553
- Program services (functional)
- $3,525,459
- Management and general (functional)
- $735,251
Balance sheet and other
- Total assets, start of year
- $959,522
- Total assets, end of year
- $1,275,162
- Total liabilities, end of year
- $870,398
- Net assets, end of year
- $404,764
- Land, buildings and equipment
- $3,942
- Net assets without donor restrictions
- $367,264
- Net assets with donor restrictions
- $37,500
- Gross receipts
- $4,260,410
- Employees
- 14
- Volunteers
- 5
- Year formed
- 2013
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DENNIS DAHLEN | DIRECTOR Trustee or director | 4 | $0 | $1,888,039 | $102,215 |
| CLARK OTLEY MD | PRESIDENT Trustee or director, Officer | 4 | $0 | $1,155,205 | $79,516 |
| MARY J WILLIAMSON | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $1,146,092 | $51,504 |
| PATRICK SEEB | EXECUTIVE DIRECTOR Officer | 40 | $301,053 | $0 | $20,899 |
| MICHAEL FLYNN | SENIOR DIRECTOR OF ECONOMI Highest-paid employee | 40 | $249,240 | $0 | $42,396 |
| ERIN SEXTON | SECRETARY Officer | 4 | $0 | $229,273 | $57,986 |
| CATHERINE MALMBERG | DIRECTOR OF PUBLIC INFRASTRUCTURE & DEVELOPMENT ST Highest-paid employee | 30 | $157,465 | $0 | $18,028 |
| GENO PALAZZARI | COMMUNICATIONS MANAGER Highest-paid employee | 40 | $127,976 | $0 | $14,944 |
| ALLISON BOWMAN | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $116,610 | $0 | $59 |
| MARCO WAGEMAN | TREASURER Officer | 4 | $0 | $13,645 | $6,006 |
| TRACI DOWNS | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| THOMAS FISHER | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JOSELYN RAYMUNDO | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| ROBERTA DRESSEN | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DENNIS DAHLEN | DIRECTOR Trustee or director | 4 | $0 | $1,611,747 | $103,349 |
| MARY J WILLIAMSON | DIRECTOR Trustee or director | 4 | $0 | $1,129,852 | $79,237 |
| CLARK OTLEY MD | DIRECTOR/CHAIR Trustee or director, Officer | 4 | $0 | $1,118,928 | $87,590 |
| PATRICK SEEB | EXECUTIVE DIRECTOR Officer | 40 | $273,705 | $0 | $30,000 |
| ERIN SEXTON | SECRETARY Officer | 4 | $0 | $237,512 | $60,985 |
| MICHAEL FLYNN | SENIOR DIRECTOR OF ECONOMI Highest-paid employee | 40 | $225,934 | $0 | $22,500 |
| MARCO WAGEMAN | TREASURER Officer | 4 | $0 | $152,765 | $15,654 |
| CATHERINE MALMBERG | DIRECTOR OF PUBLIC INFRASTRUCTURE & DEVELOPMENT ST Highest-paid employee | 30 | $133,778 | $0 | $0 |
| GENO PALAZZARI | COMMUNICATIONS MANAGER Highest-paid employee | 40 | $118,877 | $0 | $7,314 |
| TRACI DOWNS | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| THOMAS FISHER | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JOSELYN RAYMUNDO | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| ROBERTA DRESSEN | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 195 BROADWAY AVE S, ROCHESTER, MN 55904-3806
- In care of
- % LISA CLARKE
- Principal officer (990 for 2024)
- PATRICK SEEB, 195 S BROADWAY, ROCHESTER, MN 55904
- Signed the 990
- PATRICK SEEB, EXECUTIVE DIRECTOR
- Phone
- (507) 216-9720
- Website
- WWW.DMC.MN
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- 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.Expenses $3,525,459 · revenue $759,411
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4893585
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,275,162
- Income (IRS master file)
- $4,260,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,260,410 | $4,260,710 | $1,275,162 | XML |
| 990 | December 2023 | $4,963,508 | $4,916,735 | $959,522 | XML |
| 990 | December 2022 | $2,292,653 | $2,378,662 | $557,006 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4893585).
Questions about DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY
- What is the EIN of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY?
- The employer identification number (EIN) of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY is 46-4893585.
- Is DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY?
- The 990 for the year ended December 31, 2024 names PATRICK SEEB.
- Who are the officers and directors of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY?
- The 990 for the year ended December 31, 2024 lists 14 people; 5 received compensation from the organization.
- How much revenue does DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,260,410, expenses of $4,260,710 and total assets of $1,275,162 at year end.
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All nonprofits in ROCHESTER · Minnesota · Community improvement and capacity building