Destination Medical Center Economic

“The following individuals are employed by a related organization: clark c. Otley m.d mary j. Williamson erin c. Sexton marco p. Wageman dennis e. Dahlen 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”

“Mayo clinic has the authority to appoint the board of directors.”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“The form 990 will be presented and discussed by the treasurer, agency management, and the board at the board's regular meeting prior to filing.”

“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.”

“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. For other key employees, annual reviews and periodic comparability checks are conducted. The process described here was last completed in 2024.”

“The organization will make their governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Payroll and hr expenses: program service expenses 5,218. Management and general expenses 1,739. Fundraising expenses 0. Total expenses 6,957. Public relations and communication: program service expenses 33,094. Management and general expenses 11,031. Fundraising expenses 0. Total expenses 44,125. Contracting services: program service expenses 293,407. Management and general expenses 0. Fundraising expenses 0. Total expenses 293,407. Advertising: program service expenses 33,871. Management and general expenses 9,654. Fundraising expenses 0. Total expenses 43,525. Economic development costs: program service expenses 924,093. Management and general expenses 33,619. Fundraising expenses 0. Total expenses 957,712. It hardware and support: program service expenses 40,064. Management and general expenses 13,355. Fundraising expenses 0. Total expenses 53,419. Equipment rentals/furniture: program service expenses 50,259. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,259.”