2022-05-13T13:27:14-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2020-07-01 231355135 PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE PHIL 2158716900 4170 CITY AVENUE PHILADELPHIA PA 19131 PETER DOULIS VP FINANCE/CFO 2158716900 2022-05-13 1 PETER DOULIS XXX-XX-XXXX LAURA J KENNEY P00202198 6177170831 2022-05-13 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PETER DOULIS 4170 CITY AVENUE PHILADELPHIA PA 19131 168677062 0 X WWW.PCOM.EDU X 1911 PA THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. 19 16 1373 3674 11120 0 8409753 7451497 144611612 152934238 1368831 56169 4502216 7840307 158892412 168282211 52016 94119 0 0 95516596 99918317 43890 0 1948053 51502137 52325049 147114639 152337485 11777773 15944726 178440650 181055167 76508264 88378305 101932386 92676862 X THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. 0 0 79066784 134450098 TUITION REVENUE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. 15401386 94119 14276940 GRADUATE MEDICAL EDUCATION - THE INTERN RESIDENT PROGRAMS PROVIDE THE MEANS FOR OUR INTERNS AND RESIDENTS TO LEARN HANDS ON EXPERIENCE AT HOSPITALS. THE EXPERIENCE HELPS TRAIN THEM IN ALL SITUATIONS AS PHYSICIANS. 8739980 3966880 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 STUDENT THE HANDS ON TRAINING REQUIRED. 289717 288748 CONTINUING MEDICAL EDUCATION. 289717 288748 103497867 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 0 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 236 0 1 1373 1 1 1 1 CJ CA EI LU 0 0 0 0 0 0 0 0 1 0 X 19 16 1 0 0 0 0 0 0 1 1 0 0 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 AND CEO 48.00 2.00 X X 1094274 0 54813 KENNETH J VEIT DO PROVOST, SENIOR VP FOR ACADEMIC AFFAIRS AND DEAN 47.00 3.00 X X 725062 0 59807 STEPHANIE FELGOISE PHD TRUSTEE/FACULTY REPRESENTATIVE 40.00 0.00 X 154492 0 51980 THOMAS J GRAVINA VICE CHAIRMAN 4.00 1.00 X X 0 0 0 JOHN P KEARNEY CHAIRMAN OF THE BOARD 4.00 1.00 X X 0 0 0 JAMES H BLACK DO TRUSTEE 1.00 1.00 X 0 0 0 JOHN B BULGER DO TRUSTEE 1.00 1.00 X 0 0 0 JOSEPH A DIETERLE DO TRUSTEE 1.00 1.00 X 0 0 0 MATTHEW O ELKES TRUSTEE 1.00 1.00 X 0 0 0 JEREL A HOPKINS ESQ TRUSTEE 1.00 1.00 X 0 0 0 TIMOTHY BURGESS TRUSTEE 1.00 1.00 X 0 0 0 JULIE FOX 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 A SCOTT MCNEAL DO TRUSTEE 1.00 1.00 X 0 0 0 DANA C SHAFFER DO TRUSTEE 1.00 1.00 X 0 0 0 WAYNE T SIKES TRUSTEE 1.00 1.00 X 0 0 0 THELMA DYE-HOLMES PHD TRUSTEE 1.00 1.00 X 0 0 0 VIRGINIA STALLINGS MD TRUSTEE 1.00 1.00 X 0 0 0 SUZANNE MAYES TRUSTEE (UNTIL 11/20) 1.00 1.00 X 0 0 0 PETER DOULIS VP FINANCE/CFO 37.00 3.00 X 519102 0 71854 DAVID SIMON CHIEF LEGAL AFFAIRS OFFICER 37.00 3.00 X 373629 0 61665 MARCINE PICKRON-DAVIS CHIEF DIVERSITY AND COMMUNITY RELATIONS OFFICER 38.00 2.00 X 221858 0 30205 R BRYAN GINN CHIEF CAMPUS OFFICER - GA 40.00 0.00 X 264522 0 52268 LYNN KUSH SECRETARY 38.00 2.00 X 43032 0 26687 CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLANNING OFFICER 38.00 2.00 X 312574 0 53689 JOSEPH KACZMARCZYK DO VICE DEAN - COLLEGE OF MEDICINE 40.00 0.00 X 291872 0 61665 HASCO CRAVER DEAN AND CHIEF ACADMIC OFFICER - SOUTH GA 40.00 0.00 X 436168 0 57582 GREGORY MCDONALD DO DEAN OF COLLEGE OF HEALTH SCIENCES/PHY. 40.00 0.00 X 306655 0 62269 DANIEL PARENTI DO PHYSICIAN AND CHAIR OF INTERNAL MEDICINE 40.00 0.00 X 297343 0 61665 ALEXANDER NICHOLAS DO PHYSICIAN AND CHAIR OF OMM 40.00 0.00 X 298390 0 61665 HARRY MORRIS DO PHYS & CHAIR FAMILY MED 40.00 0.00 X 285696 0 61665 5624669 0 829479 196 0 1 0 DANIEL J KEATING CO 134 N NARBERTH AVE NARBERTH PA 19072 MAINTENANCE/CONTRACTOR 8667455 ALLIED UNIVERSAL PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 1981047 MEDIA WORKS LTD 1425 CLARKVIEW ROAD STE 500 BALTIMORE MD 21209 CONSULTING/ADVERTISING 1401271 THE ARTHUR JACKSON CO 7025 WEST CHESTER PIKE UPPER DARBY PA 19082 HOUSEKEEPING 669899 AMB JANITORIAL SOUTHEAST INC PO BOX 534198 ATLANTA GA 30353 HOUSEKEEPING 426945 30 1735393 3593735 2122369 7451497 TUITION REVENUE 900099 134450098 134450098 GRADUATE MEDICAL EDU 900099 14276940 14276940 PRACTICE CARE NETWORK 900099 3966880 3966880 CONTINUING MEDICAL EDU 900099 240320 240320 152934238 56169 56169 896974 394851 502123 502123 502123 CAPTIVE RETRO PREMIUM 900099 6458997 6458997 ALL OTHER REVENUE 900099 799828 48428 11120 740280 PARKING LOT REVENUE 900099 79359 79359 7338184 168282211 152982666 11120 7836928 94119 94119 4334091 1429959 2591558 312574 70381514 56516655 12937842 927017 7240485 5610611 1509852 120022 12960590 10059065 2686342 215183 5001637 3876240 1042477 82920 947510 199680 742869 4961 186604 186604 345834 345834 436956 436956 13004492 7666546 5248193 89753 760257 52907 667745 39605 8553018 4043663 4466800 42555 3463476 3463476 1504987 1099944 382353 22690 153076 124284 26337 2455 365126 265697 91321 8108 881598 881598 9658883 2641117 7007116 10650 3332229 2925203 407026 DUES & SUBSCRIPTIONS 4718979 3990923 658496 69560 MAINTENANCE & REPAIRS 2434129 1335439 1098690 RESEARCH AND SUPPORT 1145037 1145037 BAD DEBT 217842 217842 215016 202936 12080 152337485 103497867 46891565 1948053 40493 31161 41024654 25058256 4263717 15503222 9346017 8323485 4500629 4038651 261526704 172897164 95571918 88629540 1181000 1237948 22512222 38232904 178440650 181055167 24414289 25343372 16058866 28308621 23950981 23451454 12084128 11274858 76508264 88378305 X 101932386 92676862 101932386 92676862 178440650 181055167 X 15944726 -25200250 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 436956 436956 436956 436956 177100779 177100779 177537735 177537735 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 273680 369317 429642 436956 1509595 250000 250000 250000 250000 1000000 1500000 X 1 31.00 1 0 0.00 0 1 10317130 10317130 120212504 79866006 40346498 121712390 85936498 35775892 9284680 7094660 2190020 88629540 CAPTIVE RETRO PREMIUMS 25454691 DUE FROM FOUNDATION 12531802 DEPOSITS/DEFERRED FINANCING 234639 PATENTS 11772 38232904 FEDERAL STUDENT LOAN GRANTS REFUNDABLE 11274858 11274858 X PART II, LINE 9: THE CONVERSATION 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 RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY 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 IS IN THE PROCESS OF MOVING IT TO 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, STATE OF GEORGIA DEPARTMENT OF COMMUNITY HEALTH GRANTS AND VARIOUS OTHER FEDERAL AND STATE GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 19558793 0 0 0 0 0 0 19558793 0 19558793 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS 86 94119 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. X X X X X 0 0 0 0 0 0 0 1 0 JAY S FELDSTEIN DO PRESIDENT AND CEO 737074 0 350000 0 7200 0 42750 0 12063 0 1149087 0 0 0 KENNETH J VEIT DO PROVOST, SENIOR VP FOR ACADEMIC AFFA 583462 0 135000 0 6600 0 42750 0 17057 0 784869 0 0 0 PETER DOULIS VP FINANCE/CFO 427502 0 85000 0 6600 0 42750 0 29104 0 590956 0 0 0 HASCO CRAVER DEAN AND CHIEF ACADMIC OFFICER - SOU 354568 0 75000 0 6600 0 42750 0 14832 0 493750 0 0 0 DAVID SIMON CHIEF LEGAL AFFAIRS OFFICER 312029 0 55000 0 6600 0 42750 0 18915 0 435294 0 0 0 GREGORY MCDONALD DO DEAN OF COLLEGE OF HEALTH SCIENCES/P 306655 0 0 0 0 0 42750 0 19519 0 368924 0 0 0 CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLAN 245974 0 60000 0 6600 0 24597 0 29092 0 366263 0 0 0 ALEXANDER NICHOLAS DO PHYSICIAN AND CHAIR OF OMM 298390 0 0 0 0 0 42750 0 18915 0 360055 0 0 0 DANIEL PARENTI DO PHYSICIAN AND CHAIR OF INTERNAL MEDI 297343 0 0 0 0 0 42750 0 18915 0 359008 0 0 0 JOSEPH KACZMARCZYK DO VICE DEAN - COLLEGE OF MEDICINE 291872 0 0 0 0 0 42750 0 18915 0 353537 0 0 0 HARRY MORRIS DO PHYS & CHAIR FAMILY MED 285696 0 0 0 0 0 42750 0 18915 0 347361 0 0 0 R BRYAN GINN CHIEF CAMPUS OFFICER - GA 222922 0 35000 0 6600 0 33438 0 18830 0 316790 0 0 0 MARCINE PICKRON-DAVIS CHIEF DIVERSITY AND COMMUNITY RELATI 185258 0 30000 0 6600 0 27789 0 2416 0 252063 0 0 0 STEPHANIE FELGOISE PHD TRUSTEE/FACULTY REPRESENTATIVE 154492 0 0 0 0 0 23174 0 28806 0 206472 0 0 0 PART I, LINE 3 SALARY AND BONUS 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 STEPHANIE FELGOISE, PHD, IS A TRUSTEE AND EMPLOYEE OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM). THE COMPENSATION FOR DR. FELGOISE THAT IS REPORTED ON FORM 990 PART VII AND SCHEDULE J, PART II IS FOR HER ASSOCIATE DEAN FOR ACADEMIC INTEGRATION POSITION AT PCOM. DR. FELGOISE IS NOT COMPENSATED FOR THE TIME DEVOTED AS A TRUSTEE. A MOULTRIE-COLQUITT COUNTY DEVELOPMENT AUTHORITY 2018-08-28 24902161 2018 GA PROJECT 0 1 0 A 24902161 359383 24542778 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 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 A, LINE 2 TWO BOARD MEMBERS, THOMAS GRAVINA AND JEREL HOPKINS, SERVE ON THE BOARD OF ONE OF THE INVESTMENT COMPANIES USED BY A RELATED ORGANIZATION, THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION. THESE BOARD MEMBERS ABSTAIN FROM VOTING ON THIS INVESTMENT. 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 SALARY AND BONUS 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 -25,200,250. PCOM STUDENT LOAN LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 300215557 LOANS PA PCOM PCOM TECHNOLOGY LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 233036589 INACTIVE PA PCOM PCOM TECHNOLOGY SUBSIDIARY LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 233036591 INACTIVE PA PCOM PCOM TECHNOLOGY HOLDING LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 231883739 INACTIVE PA 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 0 0 PCOM FUND MANAGER LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 320505886 INVESTMENTS DE N/A 0 0 AMERICAN OSTEO INSURANCE CO LTD PO BOX 1109 GRAND CAYMAN CJ INSURANCE CJ PCOM C 1350973 31380019 1.00000 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0