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Filing year 2024

DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY

Rochester, Minnesota·EIN 46-4893585·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$4.3M
Total assets
$1.3M
Total expenses
$4.3M
Reported officers
14
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.

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.

Executive Director
Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota
$322k
$346k
Base
$300k
Bonus
Other
$1k
Benefits
$21k
Senior Director of Economi
Highest Compensated Employee
Above 90th percentile
$292k
$314k
Base
$248k
Bonus
Other
$1k
Benefits
$42k
Director of Public Infrastructure & Development St
Median to 75th percentile
$175k
$189k
Base
$156k
Bonus
Other
$1k
Benefits
$18k
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

Pay in context

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%.

This organization (2024)
8%
Sector median
14%
Middle half of sector
6% to 28%

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.

$304k
2023
$322k
2024
In today's dollarsEst.
Up 3% in real terms$335k to $346k

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.

Pay for the position

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue fell 14%.

$304k in 2023 to $322k in 2024.
  • 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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

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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