2022-11-14T14:19:10-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 464893585 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY DEST 5072169720 195 S BROADWAY ROCHESTER MN 55904 PATRICK SEEB EXECUTIVE DIRECTOR 5072169720 2022-11-10 1 PATRICK SEEB 999009999 CRAIG POPENHAGEN P01587689 5072802300 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PATRICK SEEB 195 S BROADWAY ROCHESTER MN 55904 2178384 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 4 13 5 0 0 2099144 2018906 0 100038 0 0 51093 59440 2150237 2178384 0 0 0 0 837968 962720 0 0 0 1334071 1047107 2172039 2009827 -21802 168557 402080 727598 285712 442673 116368 284925 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 1650519 0 100038 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. 1650519 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 12 0 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X SHURSON GROUP 5072060677 2222 18TH AVE NW SUITE 100 ROCHESTER MN 55901 JERRY BELL DIRECTOR 4.00 0.00 X 0 0 0 JEFFREY BOLTON DIRECTOR/CHAIR 4.00 40.00 X X 0 2077195 34523 LISA CLARKE EXECUTIVE DIRECTOR - PART YEAR 40.00 10.00 X X 0 22511 56424 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 40.00 X 0 751736 20638 CLARK OTLEY MD DIRECTOR/CHAIR 4.00 40.00 X X 0 1051074 93056 JOSELYN RAYMUNDO DIRECTOR 4.00 0.00 X 0 0 0 MARY J WILLIAMSON DIRECTOR 4.00 40.00 X 0 1037578 79382 BRADLEY SCHMIDT TREASURER - PART YEAR 4.00 0.00 X 0 0 0 PATRICK SEEB EXECUTIVE DIRECTOR 40.00 0.00 X 226347 0 32402 ERIN SEXTON SECRETARY 4.00 40.00 X 0 191983 64732 MARCO WAGEMAN TREASURER 4.00 0.00 X 0 222625 56347 KEVIN BRIGHT DIRECTOR OF HOUSING & SUSTAINABILITY 40.00 0.00 X 101259 0 39341 327606 5354702 476845 2 0 1 0 CLARITY COVERDALE FURY 120 SOUTH 8TH STREET MINNEAPOLIS MN 55402 ADVERTISING AND COMMUNICATIONS 422242 1 1851406 167500 2018906 CHARGES FOR SERVICES 900001 100038 100038 100038 MISCELLANEOUS INCOME 900099 59440 59440 59440 2178384 100038 0 59440 X 258749 129374 129375 550948 477899 73049 16059 16059 136964 98708 38256 34888 31399 3489 33951 33951 637033 629070 7963 154689 153924 765 6219 4873 1346 36863 27647 9216 1222 611 611 66516 32971 33545 641 641 9123 9123 54666 40999 13667 SUBSCRIPTIONS & MEMBERS 8508 4254 4254 MISCELLANEOUS 2788 2090 698 2009827 1650519 359308 0 200083 337860 79819 293963 84249 66969 172431 143625 37929 28806 402080 727598 103337 202580 107375 165093 75000 75000 285712 442673 X 116368 284925 116368 284925 402080 727598 168557 0 X 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 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 51617 28806 92008 92008 0 28806 ADVANCES 75000 75000 X 3234792 1056408 1056408 2178384 0 2178384 3066235 1056408 1056408 2009827 0 2009827 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, 2021 AND 2020. 0 1 0 0 0 0 0 0 0 JEFFREY BOLTON DIRECTOR/CHAIR 0 1515983 0 0 0 561212 0 6362 0 28161 0 2111718 0 0 CLARK OTLEY MD DIRECTOR/CHAIR 0 857964 0 0 0 193110 0 57571 0 35485 0 1144130 0 0 MARY J WILLIAMSON DIRECTOR 0 884867 0 0 0 152711 0 45153 0 34229 0 1116960 0 0 HARRY HOFFMAN III DIRECTOR 0 269390 0 315003 0 167343 0 9292 0 11346 0 772374 0 0 MARCO WAGEMAN TREASURER 0 220298 0 0 0 2327 0 45303 0 11044 0 278972 0 0 PATRICK SEEB EXECUTIVE DIRECTOR 226347 0 0 0 0 0 23462 0 8940 0 258749 0 0 0 ERIN SEXTON SECRETARY 0 190700 0 0 0 1283 0 33047 0 31685 0 256715 0 0 PART I, LINE 4B MAYO CLINIC AND ITS AFFILIATES 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 PAYMENTS ARE PAID AS AN ANNUAL TAXABLE CASH PAYMENT. THE FOLLOWING INDIVIDUALS ARE EMPLOYED BY MAYO CLINIC OR AN AFFILIATE OF MAYO CLINIC AND PARTICIPATED IN OR RECEIVED A PAYMENT FROM THE ABOVE SUPPLEMENTAL RETIREMENT PLAN. AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). BOLTON, JEFFREY W. $282,322 HOFFMAN III, HARRY N. $130,202 OTLEY M.D., CLARK C. $164,568 WILLIAMSON, MARY J. $149,660 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS ARE EMPLOYED BY A RELATED ORGANIZATION: CLARK C. OTLEY M.D LISA M. CLARKE MARY J. WILLIAMSON RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: JEFFREY W. BOLTON MARY J. WILLIAMSON THE FOLLOWING INDIVIDUALS ARE EMPLOYED BY A RELATED ORGANIZATION: ERIN C. SEXTON JEFFREY W. BOLTON HARRY N. HOFFMAN III RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: 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 THE EXECUTIVE DIRECTOR'S (PATRICK SEEB) COMPENSATION WAS SET AS A PART OF THE 2021 BUDGETING PROCESS, WHICH OCCURRED IN THE FALL OF 2020, WHILE HE WAS STILL SERVING AS SENIOR DIRECTOR OF ECONOMIC DEVELOPMENT AND PLACEMAKING. AT THAT TIME, HIS COMPENSATION WAS SET BY THE RETIRING EXECUTIVE DIRECTOR, LISA CLARKE, WHO REGULARLY USED A HUMAN RESOURCES CONSULTANT, SMART HR TO EVALUATE AND BENCHMARK STAFF COMPENSATION. IN MAY 2022, THE EDA BOARD OF DIRECTORS MET IN CLOSED EXECUTIVE SESSION TO ASSESS PATRICK'S COMPENSATION. CHANGES TO PATRICK'S COMPENSATION FOLLOWING THAT DISCUSSION WERE DIRECTED BY THE BOARD PRESIDENT AND BOARD TREASURER, THEN COMMUNICATED DIRECTLY TO SMART HR. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. 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 CONTRACTING SERVICES: PROGRAM SERVICE EXPENSES 312,307. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 312,307. DEVELOPMENTAL SERVICES: PROGRAM SERVICE EXPENSES 268,719. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 268,719. ECONOMIC ANALYSIS, MARKET RESEARCH: PROGRAM SERVICE EXPENSES 14,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,000. PAYROLL AND HR EXPENSES: PROGRAM SERVICE EXPENSES 5,658. MANAGEMENT AND GENERAL EXPENSES 1,886. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,544. PUBLIC RELATIONS & COMMUNICATIONS: PROGRAM SERVICE EXPENSES 6,077. MANAGEMENT AND GENERAL EXPENSES 6,077. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,154. WEBSITE CUSTOMER RELATIONSHIP MGMT: PROGRAM SERVICE EXPENSES 22,309. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,309. FORM 990, PART XII, LINE 2C: AN AUDIT COMMITTEE WAS FORMED, IN PART, TO ASSUME THE OVERSIGHT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT OF THE FINANCIAL STATEMENTS. THE OVERSIGHT PROCESS OR SELECTION PROCESS HAS NOT CHANGED. 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 CORPORATION 201 4TH STREET SE NO204 ROCHESTER MN 55904 464959371 ECONOMIC DEVELOPMENT MN 501(C)(3) 7 N/A 0 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 200 FIRST STREET SW ROCHESTER MN 55905 416011702 PATIENT CARE - CLINIC MN 501(C)(3) 10 N/A 0 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 FRANKLIN HEATING STATION 200 FIRST STREET SW ROCHESTER MN 55905 410264830 UTILITY MN N/A 0 0 LATIGO PETROLEUM LLC PO BOX 14230 ODESSA TX 79768 364767494 OIL AND GAS EXPLORATION DE N/A 0 0 MAYO CLINIC HEALTHCARE LLP 15 PORTLAND PLACE LONDON UK HEALTHCARE UK 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 MCHS--DECORAH CLINIC PHYSICIANS 907 MONTGOMERY STREET DECORAH IA 52101 411711329 PATIENT CARE - CLINIC IA 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 CHARITABLE LEAD TRUST CHARITABLE TRUST CA N/A C 0 PERPETUAL TRUST CHARITABLE TRUST LA N/A C 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 (7) CHARITABLE TRUST FL N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST MA N/A T 0 CHARITABLE REMAINDER TRUST (93) 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 IL N/A T 0 CHARITABLE REMAINDER TRUST CHARITABLE TRUST MI N/A T 0 CHARITABLE REMAINDER TRUST (45) 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 1851406 ACTUAL AMOUNT