Overview
What is Destination Medical Center Economic Development Agency?
The Destination Medical Center Economic Development Agency is a nonprofit organization strategically located in Rochester, Minnesota. Its primary objective is to support the Destination Medical Center Initiative, a project aimed at establishing Rochester as a leading global medical destination. The organization provides expertise in marketing and development, primarily funded by contributions from the Destination Medical Center Corporation and in-kind contributions from the Mayo Clinic. Its mission extends beyond this, as it strives to enhance the patient, companion, visitor, and community member experience, furthering Mayo Clinic's mission. With a dedicated team of 11 individuals, the agency works diligently to secure a prosperous future for both Rochester and Minnesota in the realm of medical excellence.
Official website here: www.dmc.mn
Is Destination Medical Center Economic Development Agency legitimate?
Destination Medical Center Economic Development Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Destination Medical Center Economic Development Agency submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $290,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $801,777
For more financial information, click here
Official website here: www.dmc.mn
What is the mission statement of Destination Medical Center Economic Development Agency?
The Destination Medical Center Economic Development Agency, formed as a collaboration between the Mayo Clinic and authorized by state statute, has a mission to secure the future of a global, premier medical destination for both the city of Rochester and Minnesota. This non-profit organization serves the Destination Medical Center Corporation (DMCC) with the objective of advancing Mayo Clinic's mission by delivering an optimal patient, companion, visitor, and community member experience. The agency aims to provide exceptional services that will enhance the overall patient experience and contribute to the growth of the medical destination.
Official website here: www.dmc.mn
Who is the CEO of Destination Medical Center Economic Development Agency?
Patrick Seeb is the Director/Chair of Destination Medical Center Economic Development Agency.
Official website here: www.dmc.mn
What is the revenue of Destination Medical Center Economic Development Agency?
Destination Medical Center Economic Development Agency's revenue in 2022 was $2,292,653.
Official website here: www.dmc.mn
Who are the executives of Destination Medical Center Economic Development Agency and what are their salaries?
The average compensation at Destination Medical Center Economic Development Agency during 2022 was $99,313. There are 11 employees and 5 volunteers at Destination Medical Center Economic Development Agency.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $1,078,010
- Other: $81,918
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- Other: $0
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $360,003
- Other: $45,094
- Compensation: $261,800
- Related: $0
- Other: $28,864
- Compensation: $0
- Related: $230,950
- Other: $43,189
- Compensation: $0
- Related: $214,040
- Other: $54,198
- Compensation: $132,128
- Related: $0
- Other: $41,746
- Compensation: $226,719
- Related: $0
- Other: $46,543
- Compensation: $116,464
- Related: $0
- Other: $19,389
Official website here: www.dmc.mn
Where can I find the form 990 for Destination Medical Center Economic Development Agency?
Destination Medical Center Economic Development Agency's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dmc.mn
Learn more at the official website: www.dmc.mn
Mission Statement of Destination Medical Center Economic Development Agency
The Destination Medical Center Economic Development Agency, a non-profit entity, is on a mission to secure the future of Rochester and Minnesota as a leading global medical destination. This organization, authorized by the DMC state statute, works hand in hand with the Mayo Clinic to provide services that enhance the patient, companion, visitor, and community member experience. By doing so, the agency aims to further the Mayo Clinic's mission and establish an ideal environment for all involved.
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Impact
October, 2024
Destination Medical Center Economic Development Agency plays a pivotal role in positioning Rochester and Minnesota as a leading global medical destination. By providing expertise in the development and marketing of the Destination Medical Center initiative, the Agency focuses on implementing strategies that enhance the city’s healthcare infrastructure and overall community experience.
Significantly supported by contributions from the Destination Medical Center Corporation and Mayo Clinic, the Agency facilitates key projects that enhance Rochester’s appeal to patients, visitors, and residents. Its efforts not only improve local healthcare services but also drive economic growth by attracting investments and creating jobs. By ensuring a seamless experience for patients, companions, and community members, the Agency aims to elevate the standard of care while fostering a thriving community surrounding the Mayo Clinic.
The impact of the Agency extends beyond healthcare; it contributes to the broader economic and social vitality of Rochester. By advancing the goals outlined in the Destination Medical Center Development Plan, the Agency secures a prosperous future for the city as a premier destination in the global healthcare landscape, ultimately benefiting the entire region.
This information is meant to be a general summary of Destination Medical Center Economic Development Agency. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $223,115
- Gross Receipts: $2,292,653
Assets and Liabilities:
- Total Assets: $557,006
- Total Liabilities: $358,090
- Net Assets: $198,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGES FOR SERVICES
Revenue
$218,115
APPLICATION FEES INCOM
Revenue
$5,000
Organization Details
Founding Year
2013
Phone
(507) 216-9720Principal Officer
Patrick Seeb
Main Address
195 S BROADWAY, ROCHESTER, MN, 55904
Website
www.dmc.mnNTEE Category
Code: S30 - Community improvement
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