2023-11-15T08:38:31-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2022-01-01 464893585 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY DEST 5072169720 195 S BROADWAY ROCHESTER MN 55904 PATRICK SEEB EXECUTIVE DIRECTOR 5072169720 2023-11-13 1 PATRICK SEEB 999009999 0 CRAIG POPENHAGEN P01587689 5072802300 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK SEEB 195 S BROADWAY ROCHESTER MN 55904 2292653 0 X WWW.DMC.MN X 2013 MN SECURE THE CITY OF ROCHESTER'S AND MINNESOTA'S FUTURE AS A GLOBAL, PREMIER MEDICAL DESTINATION 8 5 11 5 0 0 2018906 2022867 100038 223115 0 0 59440 46671 2178384 2292653 0 0 0 0 962720 1361013 0 0 0 1047107 1017649 2009827 2378662 168557 -86009 727598 557006 442673 358090 284925 198916 X 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. 0 0 1839978 0 223115 THE PURPOSE OF THE EDA IS TO PROVIDE EXPERIENCE AND EXPERTISE IN DEVELOPING AND MARKETING THE DESTINATION MEDICAL CENTER INITIATIVE AND PROVIDE SERVICES FOR IMPLEMENTING THE GOALS, OBJECTIVES, AND STRATEGIES IN THE DESTINATION MEDICAL CENTER DEVELOPMENT PLAN. THE EDA IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS FROM THE DESTINATION MEDICAL CENTER CORPORATION AND THROUGH IN-KIND CONTRIBUTIONS BY MAYO CLINIC. 1839978 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 34 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X PATRICK SEEB 5072169720 195 S BROADWAY AVE ROCHESTER MN 55904 CLARK OTLEY MD DIRECTOR/CHAIR 4.00 40.00 X X 0 1078010 81918 JERRY BELL DIRECTOR 4.00 0.00 X 0 0 0 TRACI DOWNS DIRECTOR 4.00 0.00 X 0 0 0 THOMAS FISHER DIRECTOR 4.00 0.00 X 0 0 0 HARRY HOFFMAN III DIRECTOR 4.00 0.00 X 0 0 0 JOSELYN RAYMUNDO DIRECTOR 4.00 0.00 X 0 0 0 MARY J WILLIAMSON DIRECTOR 4.00 40.00 X 0 360003 45094 PATRICK SEEB EXECUTIVE DIRECTOR 40.00 0.00 X 261800 0 28864 MARCO WAGEMAN TREASURER 4.00 40.00 X 0 230950 43189 ERIN SEXTON SECRETARY 4.00 40.00 X 0 214040 54198 KEVIN BRIGHT DIRECTOR OF HOUSING & SUSTAINABILITY 40.00 0.00 X 132128 0 41746 MICHAEL FLYNN SENIOR DIRECTOR OF ECONOMIC DEVELOPMENT 40.00 0.00 X 226719 0 46543 GENO PALAZZARI COMMUNICATIONS MANAGER 40.00 0.00 X 116464 0 19389 737111 1883003 360941 4 0 1 0 0 1826570 28797 167500 2022867 CHARGES FOR SERVICES 900001 218115 218115 APPLICATION FEES INCOM 900001 5000 5000 223115 MISCELLANEOUS INCOME 900099 46671 46671 46671 2292653 223115 0 46671 X 290664 145332 145332 801777 752618 49159 268572 214858 53714 20645 18580 2065 45860 45860 295876 231005 64871 3877 3077 800 52684 39513 13171 1127 845 282 477780 358335 119445 2999 2999 8665 8665 54603 40952 13651 SUBSCRIPTIONS & MEMBERS 33144 16572 16572 MISCELLANEOUS 20389 15292 5097 2378662 1839978 538684 0 337860 243398 293963 239518 66969 53949 172431 152290 28806 20141 727598 557006 202580 181016 165093 77074 75000 100000 442673 358090 X 284925 198916 284925 198916 727598 557006 -86009 0 X 0 1 X 1 0 X X X 2 MAYO CLINIC 416011702 10 1 0 0 DESTINATION MEDICAL CENTER CORPORATION 464959371 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART VI, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 59,440. 2022 AMOUNT: $ 46,671. PART I, LINE 12G(I): THE EDA SUPPORTS MAYO CLINIC DUE TO ITS ACTIVITIES IN SUPPORT OF THE DESTINATION MEDICAL CENTER CORPORATION WHICH WILL HELP MAYO CLINIC SECURE ITS STATUS AS A WORLD-CLASS DESTINATION MEDICAL CENTER. PART I, LINE 12G(I): THE EDA SUPPORTS THE DESTINATION MEDICAL CENTER CORPORATION BY PROVIDING THEM WITH THE EXPERIENCE AND EXPERTISE IN DEVELOPING AND MARKETING THE DESTINATION MEDICAL CENTER AS REQUIRED BY THE MINNESOTA DESTINATION MEDICAL CENTER LAW. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80423 60282 20141 92008 92008 0 20141 ADVANCES 100000 100000 X 3248105 955452 955452 2292653 0 2292653 3334114 955452 955452 2378662 0 2378662 PART X, LINE 2: THE EDA IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. IN ADDITION, THE EDA HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. THE EDA HAS ADOPTED THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT HAS NO OTHER UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. X 0 1 0 0 0 0 0 0 0 CLARK OTLEY MD DIRECTOR/CHAIR 0 881648 0 0 0 196362 0 44702 0 37216 0 1159928 0 0 MARY J WILLIAMSON DIRECTOR 0 358775 0 0 0 1228 0 29479 0 15615 0 405097 0 0 PATRICK SEEB EXECUTIVE DIRECTOR 260600 0 0 0 1200 0 9150 0 19714 0 290664 0 0 0 MARCO WAGEMAN TREASURER 0 228417 0 0 0 2533 0 31868 0 11321 0 274139 0 0 MICHAEL FLYNN SENIOR DIRECTOR OF ECONOMIC DEVELOPM 225519 0 0 0 1200 0 9150 0 37393 0 273262 0 0 0 ERIN SEXTON SECRETARY 0 212512 0 0 0 1528 0 21726 0 32472 0 268238 0 0 KEVIN BRIGHT DIRECTOR OF HOUSING & SUSTAINABILITY 130928 0 0 0 1200 0 7841 0 33905 0 173874 0 0 0 PART I, LINE 4B SUBORDINATES WITHIN THIS FILING HAVE A SUPPLEMENTAL RETIREMENT PLAN (SRP) DESIGNED TO ROUGHLY APPROXIMATE AN EXTENSION OF THE BENEFITS UNDER THE MAYO PENSION PLAN TO INCOME ABOVE THE INTERNAL REVENUE CODE QUALIFIED PLAN LIMIT IN SECTION 401(A)(17). STARTING JANUARY 1, 2011, ALL SRP BENEFITS ARE PAID AS AN ANNUAL TAXABLE CASH PAYMENT. THE FOLLOWING INDIVIDUALS PARTICIPATED IN OR RECEIVED A PAYMENT FROM THE SUPPLEMENTAL RETIREMENT PLAN. AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). OTLEY M.D., CLARK C. $167,962 WILLIAMSON, MARY J. $167,752 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS ARE EMPLOYED BY A RELATED ORGANIZATION: CLARK C. OTLEY M.D MARY J. WILLIAMSON ERIN C. SEXTON MARCO WAGEMAN RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: MARY J. WILLIAMSON CLARK C. OTLEY M.D FORM 990, PART VI, SECTION A, LINE 7A MAYO CLINIC HAS THE AUTHORITY TO APPOINT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PRESENTED AND DISCUSSED BY THE TREASURER AT THE BOARD'S REGULAR MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH PERSON SHALL ACKNOWLEDGE AND SIGN A DISCLOSURE FORM THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED AND REVIEWED A COPY OF THE CONFLICT OF INTEREST POLICY AND THAT THEY AGREE TO COMPLY WITH ITS TERMS. IT ALSO REQUIRES EACH PERSON TO DISCLOSE ANY FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY TOWARDS ANY SUCH ENTITY SUCH PERSON BELIEVES MAY ENTER INTO A PROPOSED TRANSACTION WITH THE ORGANIZATION IN THE UPCOMING YEAR. THIS IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A AT ITS FIRST REGULAR MEETING OF EACH CALENDAR YEAR THE DMC EDA BOARD OF DIRECTORS MEETS IN EXECUTIVE SESSION (EXCLUDING ALL STAFF AND NON-VOTING OFFICERS) TO DISCUSS EXECUTIVE DIRECTOR PERFORMANCE AND COMPENSATION. CHANGES TO THE EXECUTIVE DIRECTOR'S COMPENSATION ARE SUBJECT TO BOARD APPROVAL AND ARE DIRECTED, IF APPROVED, BY THE BOARD PRESIDENT OR TREASURER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G ECONOMIC ANALYSIS, MARKET RESEARCH: PROGRAM SERVICE EXPENSES 3,431. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,431. PAYROLL AND HR EXPENSES: PROGRAM SERVICE EXPENSES 4,958. MANAGEMENT AND GENERAL EXPENSES 1,653. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,611. PUBLIC RELATIONS AND COMMUNICATION: PROGRAM SERVICE EXPENSES 10,350. MANAGEMENT AND GENERAL EXPENSES 3,450. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,800. WEBSITE CUSTOMER RELATIONSHIP MGMT: PROGRAM SERVICE EXPENSES 30,410. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,410. DEVELOPMENTAL SERVICES: PROGRAM SERVICE EXPENSES 41,984. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,984. CONTRACTING SERVICES: PROGRAM SERVICE EXPENSES 243,718. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243,718. ADVERTISING: PROGRAM SERVICE EXPENSES -49,853. MANAGEMENT AND GENERAL EXPENSES 5,774. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -44,079. RECLASS : PROGRAM SERVICE EXPENSES -53,993. MANAGEMENT AND GENERAL EXPENSES 53,994. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1. BLOOMER LAKEVIEW INC 2110 DUNCAN ROAD BLOOMER WI 54724 391450617 LOW INCOME HOUSING WI 501(C)(3) 7 MCHS--NORTHWEST WISCONSIN REGION INC 1 CHARTERHOUSE INC 200 FIRST STREET SW ROCHESTER MN 55905 411405254 RETIREMENT LIVING CENTER MN 501(C)(3) 10 MAYO CLINIC 1 DESTINATION MEDICAL CENTER EDA 50 SOUTH SIXTH STREET SUITE 1500 MINNEAPOLIS MN 554021498 464893585 ECONOMIC DEVELOPMENT MN 501(C)(3) 12-I MAYO CLINIC 1 MAYO CLINIC AMBULANCE 200 FIRST STREET SW ROCHESTER MN 55905 411917516 AMBULANCE SERVICE MN 501(C)(3) 10 MFMER 1 LUTHER LAKESIDE APARTMENTS INC PO BOX 1510 EAU CLAIRE WI 54702 391409024 LOW INCOME HOUSING FOR ELDERLY WI 501(C)(3) 10 MCHS--NORTHWEST WISCONSIN REGION INC 1 MAYO CLINIC ARIZONA 13400 EAST SHEA BOULEVARD SCOTTSDALE AZ 85259 860800150 HOSPITAL AND CLINIC AZ 501(C)(3) 3 MAYO CLINIC 1 MAYO CLINIC FLORIDA (A NONPROFIT CORPORATION) 4500 SAN PABLO ROAD JACKSONVILLE FL 32224 590714831 HOSPITAL FL 501(C)(3) 3 MAYO CLINIC JACKSONVILLE 1 MAYO CLINIC HOSPITAL -- ROCHESTER 200 FIRST STREET SW ROCHESTER MN 55905 410944601 HOSPITAL MN 501(C)(3) 3 MAYO CLINIC 1 MAYO CLINIC JACKSONVILLE 4500 SAN PABLO ROAD JACKSONVILLE FL 32224 593337028 PATIENT CARE - CLINIC FL 501(C)(3) 7 MAYO CLINIC 1 MAYO CLINIC STIFTUNG 60486 FRANKFURT AM MAIN FRANKFURT GM FUNDRAISING FOUNDATION GM MFMER 1 MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH 200 FIRST STREET SW ROCHESTER MN 55905 411506440 CHARITABLE, EDUCATIONAL & SCIENTIFIC ACTIVITIES MN 501(C)(3) 10 MAYO CLINIC 1 MCHS--AUSTIN FOUNDATION 1000 FIRST DRIVE NW AUSTIN MN 55912 300107471 FUNDRAISING FOUNDATION MN 501(C)(3) 12-I MCHS--SOUTHEAST MINNESOTA REGION 1 MCHS--FAIRMONT 800 MEDICAL CENTER DRIVE PO BOX 800 FAIRMONT MN 56031 410760836 HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--SOUTHWEST MINNESOTA REGION 1 MCHS--FRANCISCAN MEDICAL CENTER INC 700 WEST AVE SOUTH LA CROSSE WI 54601 390806374 HOSPITAL AND CLINIC WI 501(C)(3) 3 MAYO CLINIC 1 MCHS--LAKE CITY 500 WEST GRANT STREET LAKE CITY MN 55041 411906820 HOSPITAL MN 501(C)(3) 3 MAYO CLINIC 1 MCHS--NORTHWEST WISCONSIN REGION INC 1221 WHIPPLE STREET EAU CLAIRE WI 54703 390813418 HOSPITAL WI 501(C)(3) 3 MAYO CLINIC 1 MCHS--SOUTHEAST MINNESOTA REGION 1000 FIRST DRIVE NW AUSTIN MN 55912 411404075 HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC 1 MCHS--SOUTHWEST MINNESOTA REGION 1025 MARSH STREET MANKATO MN 56001 411236756 HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC 1 MCHS--ST JAMES 1101 MOULTON PARSONS DR PO BOX 460 ST JAMES MN 56081 410797368 HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--SOUTHWEST MINNESOTA REGION 1 LATIGO PETROLEUM LLC PO BOX 14230 ODESSA TX 79768 364767494 OIL & GAS EXPLORATION DE MAYO CLINIC N/A 0 1 0.65000 MAYO CLINIC HEALTHCARE LLP 15 PORTLAND PLACE LONDON UK HEALTHCARE UK MAYO CLINIC (UK) LTD N/A 0 0 MAYO CLINIC SUPPORT SERVICES TEXAS 200 FIRST STREET SW ROCHESTER MN 55905 471751102 HEALTH SERVICES TX N/A C 0 MAYO CLINIC UK LTD 3 MORE LONDON RIVERSIDE LONDON UK INVESTMENT ACTIVITIES UK N/A C 0 MAYO HOLDING COMPANY 200 FIRST STREET SW ROCHESTER MN 55905 411578020 HOLDING COMPANY MN N/A C 0 MAYO INSURANCE COMPANY LTD 200 FIRST STREET SW ROCHESTER MN 55905 SELF INSURANCE POOL CJ N/A C 0 RESOUNDANT INC 421 1ST AVE SW SUITE 204W ROCHESTER MN 55902 461661978 MANUFACTURING MEDICAL DEVICE COMPONENT MN N/A C 0 ROCHESTER AIRPORT COMPANY 200 FIRST STREET SW ROCHESTER MN 55905 410506870 AIRPORT MANAGEMENT MN N/A C 0 SUPERBLOCK 3 PROPERTY OWNERS ASSOCIATION 13400 E SHEA BLVD SCOTTSDALE AZ 85259 860870505 COMMERCIAL PROPERTY OWNERS ASSOCIATION AZ N/A C 0 THE STABILE BUILDING OWNERS' ASSOCIATION 200 FIRST STREET SW ROCHESTER MN 55905 208994499 COMMERCIAL PROPERTY OWNERS ASSOCIATION MN N/A C 0 MC ALLIANCE LTD 200 FIRST STREET SW ROCHESTER MN 55905 981527769 HEALTHCARE AND ADMINISTRATIVE SERVICES CJ N/A C 0 MAYO CLINIC UK 2 LTD 3 MORE LONDON RIVERSIDE LONDON UK INVESTMENT ACTIVITIES UK N/A C 0 MC HEALTHCAE SERVICES INDIA PRIVATE LIMITED 1 WORLD TOWER 10TH FLOOR TOWER 2A MUMBIA IN HEALTHCARE AND ADMINISTRATIVE SERVICES IN N/A C 0 CHARITABLE LEAD TRUST CHARITABLE TRUST CA N/A T 0 PERPETUAL TRUST CHARITABLE TRUST LA N/A T 0 PERPETUAL TRUST (2) CHARITABLE TRUST MA N/A T 0 PERPETUAL TRUST CHARITABLE TRUST MO N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST AZ N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST CO N/A T 0 CHARITABLE REMAINDER TRUST (6) CHARITABLE TRUST FL N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST MA N/A T 0 CHARITABLE REMAINDER TRUST (97) CHARITABLE TRUST MN N/A T 0 CHARITABLE REMAINDER TRUST (4) CHARITABLE TRUST NC N/A T 0 CHARITABLE REMAINDER TRUST (2) CHARITABLE TRUST NV N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST TX N/A T 0 PERPETUAL TRUST CHARITABLE TRUST ND N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST CO N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST FL N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST MI N/A T 0 CHARITABLE REMAINDER TRUST (42) CHARITABLE TRUST MN N/A T 0 CHARITABLE REMAINDER TRUST (6) CHARITABLE TRUST MN N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST WI N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 DESTINATION MEDICAL CENTER CORPORATION C 1826570 ACTUAL AMOUNT