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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $300k
- Bonus
- —
- Other
- $1k
- Benefits
- $21k
- Base
- $248k
- Bonus
- —
- Other
- $1k
- Benefits
- $42k
- Base
- $156k
- Bonus
- —
- Other
- $1k
- Benefits
- $18k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota | $300k | — | $1k | $21k | $322k $346k |
Senior Director of Economi Highest Compensated Employee Above 90th percentile | $248k | — | $1k | $42k | $292k $314k |
Director of Public Infrastructure & Development St Median to 75th percentile | $156k | — | $1k | $18k | $175k $189k |
Communications Manager Highest Compensated Employee 25th percentile to median | — | — | — | — | $143k $154k |
Director of Operations 25th percentile to median | — | — | — | — | $117k $126k |
Director Board Member 75th to 90th percentile | — | — | — | — | $102k $110k |
President 25th percentile to medianvs Community Improvement & Capacity Building peers in Minnesota | — | — | — | — | $80k $86k |
Secretary Secretary (Operational) Median to 75th percentile | — | — | — | — | $58k $62k |
Vice President 25th percentile to median | — | — | — | — | $52k $55k |
Treasurer Below 10th percentile | — | — | — | — | $6k $6k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY equaled 8% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 6%
from 2023
From $304k in 2023 to $322k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue fell 14%.
- Highest Compensated Employee pay rose 17% from 2023 to 2024.
- Chief Development Officer pay rose 31% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY
What does the Chief Executive Officer of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY earn?
In 2024, the Chief Executive Officer of DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY received $321,952 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2024 pay of the Chief Executive Officer at DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY falls in the top 10%. In 2024, the highest total compensation at DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY equaled 8% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY's revenue and expenses?
In 2024, DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY reported $4.3M in total revenue and $4.3M in total expenses on its IRS Form 990.
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