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Filing year 2024

DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY

Rochester, Minnesota·EIN 46-4893585·NTEE S30 · Community Improvement & Capacity Building·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 · Schedule J · 10 reported individuals · Filing year 2024

Executive Director
$322k
$346k
Base
$300k
Bonus
Other
$1k
Benefits
$21k
Senior Director of Economi
highest compensated employee
$292k
$314k
Base
$248k
Bonus
Other
$1k
Benefits
$42k
Director of Public Infrastructure & Development St
$175k
$189k
Base
$156k
Bonus
Other
$1k
Benefits
$18k
Communications Manager
highest compensated employee
$143k
$154k
Director of Operations
$117k
$126k
Director
board member
$102k
$110k
$80k
$86k
Secretary
secretary (operational)
$58k
$62k
Vice President
vice president
$52k
$55k

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

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.

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

Revenue and expenses over time

DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY reported revenue and expenses across 2 filing years.

RevenueExpenses
$5M
$4.9M
2023
$4.3M
$4.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Minnesota

Comparable community improvement & capacity building organizations in Minnesota pay their highest-earning executive a median of $74,104.

25th percentile
$33k
Median
$74,104
75th percentile
$137k
90th percentile
$212k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 62 organizations across 62 filings (2022 – 2023).

See full Community Improvement & Capacity Building pay data for Minnesota
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