NonprofitsDestination Medical Center Economic Development Agency

Community Improvement & Capacity Building

Destination Medical Center Economic Development Agency

ROCHESTER, MN

Total revenue

$4.3M

Total expenses

$4.3M

Net assets

$405K

Grants received

$989K

10 grants

EIN

464893585

Tax year

2024

Mission

Secure the city of rochester's and minnesota's future as a global, premier medical destination

Financials

FY 2024

Revenue

Contributions & grants$3.5M
Program service revenue$759K
Investment income
Other revenue$36K
Total revenue$4.3M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising
Other expenses$2.5M
Total expenses$4.3M
Total assets$1.3M
Net assets$405K

People

14 listed

NameRoleCompensation

PATRICK SEEB

EXECUTIVE DIRECTOR

Board

$301K

40 hrs/wk

DENNIS DAHLEN

DIRECTOR

Board

4 hrs/wk

ROBERTA DRESSEN

DIRECTOR

Board

4 hrs/wk

JOSELYN RAYMUNDO

DIRECTOR

Board

4 hrs/wk

MARCO WAGEMAN

TREASURER

Board

4 hrs/wk

ERIN SEXTON

SECRETARY

Board

4 hrs/wk

THOMAS FISHER

DIRECTOR

Board

4 hrs/wk

TRACI DOWNS

DIRECTOR

Board

4 hrs/wk

MARY J WILLIAMSON

VICE PRESIDENT

Board

4 hrs/wk

CLARK OTLEY MD

PRESIDENT

Board

4 hrs/wk

MICHAEL FLYNN

SENIOR DIRECTOR OF ECONOMI

Staff

$249K

40 hrs/wk

CATHERINE MALMBERG

DIRECTOR OF PUBLIC INFRASTRUCTURE & DEVELOPMENT ST

Staff

$157K

30 hrs/wk

GENO PALAZZARI

COMMUNICATIONS MANAGER

Staff

$128K

40 hrs/wk

ALLISON BOWMAN

DIRECTOR OF OPERATIONS

Staff

$117K

40 hrs/wk

Independent contractors

PADILLA SPEER BEARDSLEY

MARKETING AND COMMUNICATIONS AGENCY; MAR

$208K

Grants received

Showing 10 of 10

FromAmountPurposeYear
$113K
for general operating support
2024
$113K
For general operating support
2023
$1K
In recognition of the Destination Medical Center Economic Development Agency's participation in a site visit with McKnight staff in September 2023
2023
$93K
For general operating support
2022
$150K
for general operating support
2021
$150K
for general operating support
2021
$93K
for general operating support
2021
$93K
for general operating support
2021
$93K
For general operating support
2020
$93K
For general operating support
2020

Funded by

$989K from 1 funder · 10 grants · 2020–2024

The McKnight Foundation

$989K · 10 grants · 2020–2024

Details

EIN464893585
NTEE codeS30
Subsection03
Ruling date2015-06
Formed2013
Employees14
Volunteers5
DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY — Mission, Financials & Grants Received | Grantivo