2024-05-09T14:52:53-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-07-01 231355135 PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE PHIL 2158716900 4170 CITY AVENUE PHILADELPHIA PA 19131 PETER DOULIS VP FINANCE/CFO 2158716900 2024-05-07 1 PETER DOULIS XXX-XX-XXXX 0 LAURA J KENNEY P00202198 6177170831 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER DOULIS 4170 CITY AVENUE PHILADELPHIA PA 19131 173752777 0 X WWW.PCOM.EDU X 1911 PA THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. 18 15 1446 3730 32822 0 12641250 10497003 158535699 159366754 56252 138510 1546293 3231520 172779494 173233787 1287174 3643878 0 0 104965040 109391029 0 0 3384072 56901021 59542995 163153235 172577902 9626259 655885 159868315 149489162 84709740 90073892 75158575 59415270 X THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. IN ADDITION, THE COLLEGE OPERATES FOUR HEALTH CLINICS (PRIMARY-CARE NETWORK) THAT SERVE PATIENTS WHO ARE PRIMARILY COVERED BY GOVERNMENT PROGRAMS SUCH AS MEDICAID. 0 0 89727627 3643878 143106152 TUITION REVENUE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. 13704636 0 11692930 GRADUATE MEDICAL EDUCATION - THE INTERN RESIDENT PROGRAMS PROVIDE THE MEANS FOR OUR INTERNS AND RESIDENTS TO LEARN WITH HANDS ON EXPERIENCE AT HOSPITALS. THE EXPERIENCE HELPS TRAIN THEM IN ALL SITUATIONS AS PHYSICIANS. 8891648 0 4316635 PRACTICE CARE NETWORK PROVIDES OUR EXTERNS WITH EXPERIENCE IN A CLINICAL ENVIRONMENT. THEY ROTATE THROUGH MEDICAL CLINICS AND FACILITIES, WHICH GIVES THEM THE EDUCATION NEEDED AS THEY PREPARE FOR GRADUATION AND BECOME DOCTORS. THE NETWORK ALSO PROVIDES MEDICAL CARE TO PATIENTS AND GIVES THE STUDENTS THE HANDS ON TRAINING REQUIRED. 373816 0 331165 CONTINUING MEDICAL EDUCATION. 373816 0 331165 112697727 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 831 0 1 1446 1 1 1 1 CJ CA EI LU 0 0 0 0 0 0 0 0 1 0 X 18 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PA X PCOM MANAGEMENT 2158716900 4170 CITY AVENUE PHILADELPHIA PA 19131 JAY S FELDSTEIN DO PRESIDENT & CEO 42.00 3.00 X X 1217597 0 58027 KENNETH J VEIT DO PROVOST, SVP ACADEMIC AFFAIRS, DEAN 42.00 3.00 X X 791769 0 63130 MARLA D GOLDEN DO MS TRUSTEE/FACULTY REPRESENTATIVE 40.00 0.00 X 270511 0 62830 THOMAS J GRAVINA CHAIRMAN OF THE BOARD 3.00 2.00 X X 0 0 0 JOHN B BULGER DO VICE CHAIRMAN 1.00 1.00 X X 0 0 0 A SCOTT MCNEAL DO VICE CHAIRMAN 1.00 1.00 X X 0 0 0 JEREL A HOPKINS ESQ VICE CHAIRMAN 1.00 1.00 X X 0 0 0 DANA C SHAFFER DO TRUSTEE/ALUMNI REPRESENTATIVE 1.00 1.00 X 0 0 0 JOHN P KEARNEY TRUSTEE 1.00 1.00 X 0 0 0 MATTHEW O ELKES TRUSTEE 1.00 1.00 X 0 0 0 THELMA DYE-HOLMES PHD TRUSTEE 1.00 1.00 X 0 0 0 JOSEPH A DIETERLE DO TRUSTEE 1.00 1.00 X 0 0 0 VINCENT LOBO DO TRUSTEE 1.00 1.00 X 0 0 0 R DAVID MCCLESKEY TRUSTEE 1.00 1.00 X 0 0 0 JAMES H BLACK DO TRUSTEE 1.00 1.00 X 0 0 0 WAYNE T SIKES TRUSTEE 1.00 1.00 X 0 0 0 VIRGINIA A STALLINGS MD TRUSTEE 1.00 1.00 X 0 0 0 TIMOTHY BURGESS TRUSTEE 1.00 1.00 X 0 0 0 JULIE FOX TRUSTEE (UNTIL NOV 2022) 1.00 1.00 X 0 0 0 PETER DOULIS VP FINANCE/CFO 42.00 3.00 X 601820 0 75638 DAVID SIMON CHIEF LEGAL AFFAIRS OFFICER 42.00 3.00 X 458387 0 65107 CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLANNING OFFICER 18.00 27.00 X 343671 0 58595 R BRYAN GINN GA CHIEF CAMPUS OFFICER 40.00 0.00 X 290935 0 55228 MARCINE PICKRON-DAVIS CHIEF DIVERSITY OFFICER 38.00 2.00 X 297454 0 34822 LYNN KUSH SECRETARY 38.00 2.00 X 88867 0 34275 ANDREA MANN DEAN & CHIEF ACADEMIC OFFICER GA (SUWANEE) 40.00 0.00 X 324660 0 75638 VICTORIA TRONCOSO CHAIRPERSON OMM 40.00 0.00 X 327782 0 56634 HASCO CRAVER - SGA DEAN & CHIEF ACADEMIC OFFICER 40.00 0.00 X 422842 0 60840 GREGORY MCDONALD DO PHYSICIAN 40.00 0.00 X 319465 0 65107 DANIEL PARENTI DO PHYSICIAN 40.00 0.00 X 323743 0 65107 ALEXANDER NICHOLAS DO PHYSICIAN 40.00 0.00 X 310659 0 65107 6390162 0 896085 241 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 2064344 MEDIA WORKS LTD 1425 CLARKVIEW RD STE 500 BALTIMORE MD 21209 CONSULTING/ADVERTISING 1389785 THE ARTHUR JACKSON COMPANY 7025 WEST CHESTER PIKE UPPER DARBY PA 19082 HOUSEKEEPING 1257312 ELLIOTT-LEWIS CORPORATION 2900 BLACK LAKE PL PHILADELPHIA PA 19154 MAINTENANCE CONTRACTOR 927705 ABM JANITORIAL SOUTHEAST INC PO BOX 534198 ATLANTA GA 30353 HOUSEKEEPING 580061 28 2624721 5713602 2158680 10497003 TUITION REVENUE 900099 143106152 143106152 GRADUATE MEDICAL EDUCATION 900099 11692930 11692930 PRACTICE CARE NETWORK 900099 4316635 4316635 CONTINUING MEDICAL EDUCATION 900099 251037 251037 159366754 138510 138510 1138462 518990 619472 619472 619472 CAPTIVE RETRO PREMIUM 900099 1275884 1275884 ALL OTHER REVENUE 900099 1041348 80128 32822 928398 PARKING LOT REVENUE 900099 294816 294816 2612048 173233787 159446882 32822 3257080 3500000 3500000 143878 143878 4685671 1116429 3225571 343671 78260882 61821536 15212228 1227118 8029759 6238500 1791259 12218420 9513401 2705019 6196297 4324379 1381811 490107 3850839 951477 2259569 639793 94515 94515 430936 430936 545782 545782 13610610 7941612 5561753 107245 1046961 60200 981219 5542 11104612 2647540 7995805 461267 4306702 4306702 1641351 1198858 441168 1325 1353797 996473 329824 27500 638522 555069 71343 12110 905393 905393 8770766 2429076 6332351 9339 2176585 2398620 -222035 DUES & SUBSCRIPTIONS 5026567 4425325 542187 59055 MAINTENANCE & REPAIRS 1675096 101929 1573167 RESEARCH AND SUPPORT 1593025 1577920 15105 BAD DEBT 626502 626502 144434 129003 15431 172577902 112697727 56496103 3384072 98646 17061 27279433 13603104 13873210 15289222 7738505 7103960 3801813 5163682 274360951 191191721 86253751 83169230 1118477 4198690 19704480 20944213 159868315 149489162 26001873 29000119 24855824 28306043 22941159 22415369 10910884 10352361 84709740 90073892 X 75158575 59415270 75158575 59415270 159868315 149489162 X 655885 -2476690 -13922500 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 545782 545782 545782 545782 172032120 172032120 172577902 172577902 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 429642 436956 361792 545782 1774172 250000 250000 250000 250000 1000000 1500000 X 1 31.00 1 0 0.00 0 1 10317130 10317130 122553639 86610904 35942735 127770978 97018058 30752920 13719204 7562759 6156445 83169230 CAPTIVE RETRO PREMIUMS 5767173 DUE FROM FOUNDATION/OVERMONT/LLC'S 14897396 DEPOSITS/DEFERRED FINANCING 270488 PATENTS 9156 20944213 FEDERAL STUDENT LOAN GRANTS REFUNDABLE 10352361 10352361 X PART II, LINE 9: THE CONSERVATION EASEMENT PROVIDES FOR AN OPEN SPACE EASEMENT RELATED TO PCOM'S SOUTH GEORGIA CAMPUS. PCOM DOES NOT HAVE A FOOTNOTE DISCLOSURE IN ITS AUDITED FINANCIAL STATEMENTS DESCRIBING ITS ACCOUNTING FOR CONSERVATION EASEMENTS. PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE COLLEGE AND ITS RELATED ORGANIZATIONS FILE U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATIONS ON THEIR U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. U.S. GAAP REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE-LIKELY THAN-NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE HAS A WRITTEN NONDISCRIMINATORY POLICY. IT IS WIDELY CIRCULATED THROUGHOUT OUR INSTITUTION AND IS CONTAINED IN ALL OUR PUBLICATIONS. THE COLLEGE CATALOG IS DISTRIBUTED TO COLLEGES AND UNIVERSITIES, LIBRARIES, AND HIGH SCHOOLS THROUGHOUT THE UNITED STATES. WE DISTRIBUTE OUR QUARTERLY PUBLICATION, "THE DIGEST", TO THE FREE LIBRARY OF PHILADELPHIA AND ALL FIFTY STATE OSTEOPATHIC ASSOCIATIONS. OUR POLICY IS ALSO STATED IN THE AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE (AACOM) INFORMATION BOOKLET THAT IS MAILED TO PRE-MED ADVISORS IN COLLEGES. PCOM POSTS ITS NON-DISCRIMINATION STATEMENT WITH POLICY ON THE EXTERNAL WEBPAGE AND THE WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE RECEIVES GOVERNMENT ASSISTANCE IN THE FORM OF FEDERAL WORK STUDY PROGRAMS, PRE DOC TRAINING IN PRIMARY CARE GRANT, PENNSYLVANIA APPROPRIATION, AND VARIOUS OTHER FEDERAL AND STATE GRANTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5608599 0 0 0 0 0 0 5608599 0 5608599 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 ST CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION 1800 JFK BLVD STE 1550 PHILADELPHIA PA 19103 232274198 501(C)(3) 3500000 0 ACADEMIC AND TRAINING GRANT 1 0 SCHOLARSHIPS 175 143878 PART I, LINE 2: PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE MAINTAINS RECORDS OF AMOUNTS AWARDED TO STUDENTS, ELIGIBILITY FOR WHICH IS DETERMINED BY FINANCIAL NEED AND ACADEMIC ACHIEVEMENT REQUIREMENTS. SCHOLARSHIPS ARE ISSUED BASED ON FINANCIAL NEED AND GOOD ACADEMIC STANDING. SCHOLARSHIPS ARE APPLIED AGAINST STUDENTS' TUITION ACCOUNT. NO CASH IS DISTRIBUTED TO STUDENTS. GRANTS ARE AWARDED IN A NONDISCRIMINATORY AND OBJECTIVE BASIS. ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION IS A PUBLIC CHARITY UNDER SECTION 501(C)(3) AND AS SUCH PCOM EXPECTS ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION'S GOVERNING BOARD WILL MONITOR THE USE OF THE FUNDS. X X X X X 0 0 0 0 0 0 0 1 0 JAY S FELDSTEIN DO PRESIDENT & CEO 860397 0 350000 0 7200 0 45750 0 12277 0 1275624 0 0 0 KENNETH J VEIT DO PROVOST, SVP ACADEMIC AFFAIRS, DEAN 635169 0 150000 0 6600 0 45750 0 17380 0 854899 0 0 0 PETER DOULIS VP FINANCE/CFO 495220 0 100000 0 6600 0 45750 0 29888 0 677458 0 0 0 DAVID SIMON CHIEF LEGAL AFFAIRS OFFICER 371787 0 80000 0 6600 0 45750 0 19357 0 523494 0 0 0 HASCO CRAVER - SGA DEAN & CHIEF ACADEMIC OFFICER 422842 0 0 0 0 0 45750 0 15090 0 483682 0 0 0 CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLAN 287071 0 50000 0 6600 0 28707 0 29888 0 402266 0 0 0 ANDREA MANN DEAN & CHIEF ACADEMIC OFFICER GA (SU 324660 0 0 0 0 0 45750 0 29888 0 400298 0 0 0 DANIEL PARENTI DO PHYSICIAN 323743 0 0 0 0 0 45750 0 19357 0 388850 0 0 0 GREGORY MCDONALD DO PHYSICIAN 319465 0 0 0 0 0 45750 0 19357 0 384572 0 0 0 VICTORIA TRONCOSO CHAIRPERSON OMM 327782 0 0 0 0 0 45750 0 10884 0 384416 0 0 0 ALEXANDER NICHOLAS DO PHYSICIAN 310659 0 0 0 0 0 45750 0 19357 0 375766 0 0 0 R BRYAN GINN GA CHIEF CAMPUS OFFICER 239335 0 45000 0 6600 0 35900 0 19328 0 346163 0 0 0 MARLA D GOLDEN DO MS TRUSTEE/FACULTY REPRESENTATIVE 270511 0 0 0 0 0 40577 0 22253 0 333341 0 0 0 MARCINE PICKRON-DAVIS CHIEF DIVERSITY OFFICER 215854 0 75000 0 6600 0 32378 0 2444 0 332276 0 0 0 PART I, LINE 3 COMPENSATION PAID TO THE PRESIDENT AND OFFICERS OF PCOM AND PCOM FOUNDATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE PCOM BOARD OF TRUSTEES. IN ADDITION, AN ANNUAL REVIEW IS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING ORGANIZATION, IN ORDER TO PROVIDE AN OPINION OF THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. ALL BONUSES ARE MERIT-BASED. PART I, LINE 7 PLEASE SEE NARRATIVE FOR FROM 990, PART VI, LINE 15 ON FORM 990, SCHEDULE O. PART II - COMPENSATION OF TRUSTEE MARLA D. GOLDEN, DO, MS IS A TRUSTEE AND EMPLOYEE OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM). THE COMPENSATION FOR DR. GOLDEN REPORTED ON FORM 990, PART VII AND SCHEDULE J, PART II IS FOR HER ASSOCIATE DEAN FOR OSTEOPATHIC CLINICAL EDUCATION POSITION AT PCOM. DR. GOLDEN IS NOT COMPENSATED FOR HER TIME DEVOTED AS TRUSTEE. A MOULTRIE-COLQUITT COUNTY DEVELOPMENT AUTHORITY 2018-08-28 24902161 2018 GA PROJECT 0 1 0 A 1605000 24902161 359383 24542778 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MOULTRIE-COLQUITT COUNTY DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/01/2022 SCHEDULE K, PART I RELATED TAX-EXEMPT ENTITIES PHILA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION AND OVERMONT CORPORATION ARE CO-BORROWERS ON THIS OBLIGATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX CONSULTANT WITH INFORMATION PROVIDED BY MANAGEMENT. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990. PRIOR TO FILING, THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE AND DISCLOSURE FORM WAS DEVELOPED BY OUR EXTERNAL LEGAL COUNSEL. EVERY JULY 1ST, THE QUESTIONNAIRE IS SENT OUT TO ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES. THEY ARE CHECKED TO MAKE SURE THAT THEY ARE ALL RETURNED AND SIGNED. THEY ARE THEN REVIEWED BY THE CEO AND CFO. ANY REPORTABLE CONFLICTS ARE THEN SENT TO THE AUDIT COMMITTEE FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PAID TO THE PRESIDENT AND OFFICERS OF PCOM AND PCOM FOUNDATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE PCOM BOARD OF TRUSTEES. IN ADDITION, AN ANNUAL REVIEW IS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING ORGANIZATION, IN ORDER TO PROVIDE AN OPINION OF THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. ALL BONUSES ARE MERIT-BASED. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO RELATED ORGANIZATION -13,922,500. PCOM STUDENT LOAN LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 300215557 INACTIVE PA 0 0 PCOM PCOM TECHNOLOGY LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 233036589 INACTIVE PA 0 0 PCOM PCOM TECHNOLOGY SUBSIDIARY LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 233036591 INACTIVE PA 0 0 PCOM PCOM TECHNOLOGY HOLDING LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 231883739 INACTIVE PA 0 0 PCOM PHILA COLLEGE OSTEOPATHIC MED FOUNDATION 4170 CITY AVENUE PHILADELPHIA PA 19131 222691757 INVESTMENT PA 501(C)(3) LINE 7 N/A 0 OVERMONT CORPORATION 4001 MONUMENT ROAD PHILADELPHIA PA 19131 231922689 HOUSING PA 501(C)(3) LINE 10 PCOM 1 PCOM PRIMARY CARE INNOVATION FUND LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 320505991 INVESTMENTS DE N/A N/A 0 0 PCOM PRIMARY CARE INNOVATION FUND II LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 863999783 INVESTMENTS DE N/A N/A 0 0 AMERICAN OSTEO INSURANCE CO LTD PO BOX 1109 GRAND CAYMAN CJ 980201176 INSURANCE CJ PCOM C 1752659 13076781 1.00000 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 AMERICAN OSTEO INSURANCE CO LTD B 1972526 CASH