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Nonprofiteer
← DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY

Form 990 for tax year 2022

Filed by DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY.

Totals

Total revenue
$2,292,653
Total expenses
$2,378,662
Contributions and grants received
$2,022,867
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,839,978
Management and general expenses
$538,684
Fundraising expenses
$0
Program service expenses (Part III)
$1,839,978

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CLARK OTLEY MD

    DIRECTOR/CHAIR

    Total calculated
    $1,159,928
    From this org
    $0
    From related orgs
    $1,078,010
    Other
    $81,918
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $881,648 related
    Bonus
    $0
    Other
    $0 + $196,362 related
    Deferred
    $0 + $44,702 related
    Nontaxable benefits
    $0 + $37,216 related
    Filer's total
    $0 + $1,159,928 related

  • JERRY BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TRACI DOWNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • THOMAS FISHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • HARRY HOFFMAN III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOSELYN RAYMUNDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARY J WILLIAMSON

    DIRECTOR

    Total calculated
    $405,097
    From this org
    $0
    From related orgs
    $360,003
    Other
    $45,094
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,775 related
    Bonus
    $0
    Other
    $0 + $1,228 related
    Deferred
    $0 + $29,479 related
    Nontaxable benefits
    $0 + $15,615 related
    Filer's total
    $0 + $405,097 related

  • PATRICK SEEB

    EXECUTIVE DIRECTOR

    Total calculated
    $290,664
    From this org
    $261,800
    From related orgs
    $0
    Other
    $28,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,600
    Bonus
    $0
    Other
    $1,200
    Deferred
    $9,150
    Nontaxable benefits
    $19,714
    Filer's total
    $290,664

  • MARCO WAGEMAN

    TREASURER

    Total calculated
    $274,139
    From this org
    $0
    From related orgs
    $230,950
    Other
    $43,189
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,417 related
    Bonus
    $0
    Other
    $0 + $2,533 related
    Deferred
    $0 + $31,868 related
    Nontaxable benefits
    $0 + $11,321 related
    Filer's total
    $0 + $274,139 related

  • ERIN SEXTON

    SECRETARY

    Total calculated
    $268,238
    From this org
    $0
    From related orgs
    $214,040
    Other
    $54,198
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,512 related
    Bonus
    $0
    Other
    $0 + $1,528 related
    Deferred
    $0 + $21,726 related
    Nontaxable benefits
    $0 + $32,472 related
    Filer's total
    $0 + $268,238 related

  • KEVIN BRIGHT

    DIRECTOR OF HOUSING & SUSTAINABILITY

    Total calculated
    $173,874
    From this org
    $132,128
    From related orgs
    $0
    Other
    $41,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,928
    Bonus
    $0
    Other
    $1,200
    Deferred
    $7,841
    Nontaxable benefits
    $33,905
    Filer's total
    $173,874

  • MICHAEL FLYNN

    SENIOR DIRECTOR OF ECONOMIC DEVELOPMENT

    Total calculated
    $273,262
    From this org
    $226,719
    From related orgs
    $0
    Other
    $46,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,519
    Bonus
    $0
    Other
    $1,200
    Deferred
    $9,150
    Nontaxable benefits
    $37,393
    Filer's total
    $273,262

  • GENO PALAZZARI

    COMMUNICATIONS MANAGER

    Total calculated
    $135,853
    From this org
    $116,464
    From related orgs
    $0
    Other
    $19,389
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LATIGO PETROLEUM LLC

    N/A · OIL & GAS EXPLORATION · DE · 65% owned · general or managing partner

    Directly controlled by MAYO CLINIC

  • MAYO CLINIC HEALTHCARE LLP

    N/A · HEALTHCARE · UK

    Directly controlled by MAYO CLINIC (UK) LTD

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MAYO CLINIC SUPPORT SERVICES TEXAS

    C · HEALTH SERVICES · TX

  • MAYO CLINIC UK LTD

    C · INVESTMENT ACTIVITIES · UK

  • MAYO HOLDING COMPANY

    C · HOLDING COMPANY · MN

  • MAYO INSURANCE COMPANY LTD

    C · SELF INSURANCE POOL · CJ

  • RESOUNDANT INC

    C · MANUFACTURING MEDICAL DEVICE COMPONENT · MN

  • ROCHESTER AIRPORT COMPANY

    C · AIRPORT MANAGEMENT · MN

  • SUPERBLOCK 3 PROPERTY OWNERS ASSOCIATION

    C · COMMERCIAL PROPERTY OWNERS ASSOCIATION · AZ

  • THE STABILE BUILDING OWNERS' ASSOCIATION

    C · COMMERCIAL PROPERTY OWNERS ASSOCIATION · MN

  • MC ALLIANCE LTD

    C · HEALTHCARE AND ADMINISTRATIVE SERVICES · CJ

  • MAYO CLINIC UK 2 LTD

    C · INVESTMENT ACTIVITIES · UK

  • MC HEALTHCAE SERVICES INDIA PRIVATE LIMITED

    C · HEALTHCARE AND ADMINISTRATIVE SERVICES · IN

  • CHARITABLE LEAD TRUST

    T · CHARITABLE TRUST · CA

  • PERPETUAL TRUST

    T · CHARITABLE TRUST · LA

  • PERPETUAL TRUST (2)

    T · CHARITABLE TRUST · MA

  • PERPETUAL TRUST

    T · CHARITABLE TRUST · MO

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · AZ

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · CO

  • CHARITABLE REMAINDER TRUST (6)

    T · CHARITABLE TRUST · FL

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · MA

  • CHARITABLE REMAINDER TRUST (97)

    T · CHARITABLE TRUST · MN

  • CHARITABLE REMAINDER TRUST (4)

    T · CHARITABLE TRUST · NC

  • CHARITABLE REMAINDER TRUST (2)

    T · CHARITABLE TRUST · NV

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · TX

  • PERPETUAL TRUST

    T · CHARITABLE TRUST · ND

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · CO

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · FL

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · MI

  • CHARITABLE REMAINDER TRUST (42)

    T · CHARITABLE TRUST · MN

  • CHARITABLE REMAINDER TRUST (6)

    T · CHARITABLE TRUST · MN

  • CHARITABLE REMAINDER TRUST

    T · CHARITABLE TRUST · WI

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303199349303710

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