2019-05-14T11:29:21-05:00 2018-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2017-07-01 231355135 Philadelphia College of Osteopathic Medicine % PCOM MANAGEMENT PHIL 2158716900 4170 City Avenue Philadelphia PA 19131 PETER DOULIS Vp Finance/CFO 2158716900 2019-05-14 true Frank Giardini P00532355 2155614200 209.220.136.124 23695320191345000008 2019-05-14 P 967FF6B4BF56AC74AB2DAD581006C17198ACB528 D8144EF21AC2D52864937695A2503175270E7152 2017 2019-02-21 02:37:17Z PETER DOULIS 4170 City Avenue Philadelphia PA 19131 150092981 false X www.pcom.edu X 1911 PA THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. 15 13 1893 2678 44640 -18062 6509193 8674864 131562508 137632540 150454 344873 2436710 2899058 140658865 149551335 48739 51272 0 0 76993502 82642163 30107 0 2078466 41688280 43610616 118760628 126304051 21898237 23247284 142059754 117830051 46458332 49012555 95601422 68817496 X THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. false false 63573554 51272 117405112 TUITION REVENUE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. 13724542 14256946 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. 10496635 5650613 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. 342223 319868 Continuing Medical Education 342223 319868 88136954 true true false true false false true false false false true false false true true true false true true false true false false false false false false false true true false false false false false false false true true false false false true true true true false false true 185 0 true 1893 true true true true CJ false false false false false false false false X 15 13 true false false false false false false true true false false true true true true true true true true false PA X PCOM MANAGEMENT 2158716900 4170 CITY AVENUE Philadelphia PA 19131 X JAY S FELDSTEIN DO PRESIDENT AND CEO 50.0 1.0 X X 771281 0 57686 KENNETH J VEIT DO VP AND DEAN 50.0 1.0 X X 590539 0 59938 THOMAS J GRAVINA VICE CHAIRMAN 4.0 1.0 X X 0 0 0 JOHN P KEARNEY CHAIRMAN OF THE BOARD 4.0 1.0 X X 0 0 0 BRIAN BALIN PHD TRUSTEE 40.0 1.0 X 211697 0 59409 JAMES H BLACK DO TRUSTEE 1.0 1.0 X 0 0 0 JOHN B BULGER DO TRUSTEE 1.0 1.0 X 0 0 0 JOSEPH A DIETERLE DO TRUSTEE 1.0 1.0 X 0 0 0 MATTHEW O ELKES TRUSTEE 1.0 1.0 X 0 0 0 JEREL A HOPKINS ESQ TRUSTEE 1.0 1.0 X 0 0 0 SUZANNE S MAYES JD TRUSTEE 1.0 1.0 X 0 0 0 VINCENT LOBO DO TRUSTEE 1.0 1.0 X 0 0 0 R DAVID MCCLESKEY TRUSTEE 1.0 1.0 X 0 0 0 A SCOTT MCNEAL DO TRUSTEE 1.0 1.0 X 0 0 0 DANA C SHAFFER DO TRUSTEE 1.0 1.0 X 0 0 0 WAYNE T SIKES TRUSTEE 1.0 1.0 X 0 0 0 Andrea D Pedano DO Trustee - thru 11/8/17 1.0 1.0 X 0 0 0 Murray Zedeck DO Trustee - thru 11/8/17 1.0 1.0 X 0 0 0 Michael A Becker DO trustee - thru 11/2017 40.0 1.0 X 210442 0 59665 Joseph J Kuchinski DO Trustee - end Jan. 2018 1.0 1.0 X 0 0 0 PETER DOULIS VP FINANCE/CFO 40.0 1.0 X 419806 0 63310 ROBERT CUZZOLINO VP GRAD PROGRAM 40.0 1.0 X 345262 0 59938 R BRYAN GINN CHIEF CAMPUS OFFICER - GA 40.0 1.0 X 241008 0 59010 MARCINE PICKRON-DAVIS CHIEF DIVERSITY OFFICER 40.0 1.0 X 106747 0 11320 LAVINIA LAFFERTY SECRETARY 40.0 1.0 X 85129 0 23703 CARRIE COLLINS CHIEF ADVANCEMENT OFFICER 40.0 1.0 X 277693 0 50958 DAVID SIMON CHIEF LEGAL AFFAIRS OFFICER 40.0 1.0 X 328265 0 68099 MICHAEL LEE INTERIM DEAN PHARMACY - GA 40.0 1.0 X 166616 0 35926 HASCO CRAVER DEAN - GA 40.0 1.0 X 322685 0 59938 Shawn Spencer Dean Pharmacy - GA 40.0 1.0 X 0 0 0 RICHARD PASCUCCI DO VICE DEAN 40.0 0.0 X 209097 0 24720 HARRY MORRIS DO CHAIRPERSON 40.0 0.0 X 265873 0 64263 ALEXANDER NICHOLAS DO PHYSICIAN 40.0 0.0 X 285504 0 64470 GREGORY MCDONALD DO PHYSICIAN 40.0 0.0 X 262484 0 57308 MICHAEL VENDITTO DO PHYSICIAN 40.0 0.0 X 257290 0 63314 PAT LANNUTTI DO PHYSICIAN 40.0 0.0 X 264559 0 50618 DANIEL PARENTI DO PHYSICIAN 40.0 0.0 X 261405 0 63931 Mark Okamoto Frmr. Dean Pharmacy - GA 40.0 1.0 X 181064 0 0 6064446 0 1057524 146 true true false Freese Johnson LLC 1355 Terrell Mill ROAD MARIETTA GA 300679004 Maint./Repairs 2369614 Elliott-Lewis Corporation 2900 Black Lale Place PHILADELPHIA PA 191541018 Maint./Repairs 1497101 Sasaki-Associates Inc 64 Pleasant Street WATERTOWN MA 024722316 Consulting 1422291 ALLIED BARTON SECURITY SERVICES PO Box 828854 PHILADELPHIA PA 191828854 Security 1364150 The Arthur Jackson Company 7025 WEST Chester Pike UPPER DARBY PA 190821705 Housekeeping 1241396 17 1727165 4186299 2761400 766479 8674864 TUITION AND FEES 900099 117405113 117405113 GRADUATE MEDICAL EDUCATION 900099 14256946 14256946 AMBULATORY CARE NETWORK 900099 5650613 5650613 CONTINUING MEDICAL EDUCATION 900099 319868 319868 137632540 344873 344873 0 0 1003554 478425 525129 0 525129 525129 0 13913 63221 -49308 -49308 0 0 0 0 0 0 CAPTIVE RETRO PREMIUM CREDITS 900099 1274198 1274198 PARKING LOT REVENUE 900099 556243 556243 OUTSIDE PRINTING REVENUE (990T) 900099 44640 44640 548156 157672 390484 2423237 149551335 137790212 44640 3041619 0 51272 51272 0 0 4130001 1900072 1952236 277693 0 59297637 48835288 9489578 972771 5817953 4648607 1054773 114573 9160607 7337482 1642280 180845 4235965 3384984 767552 83429 1769131 194177 1566074 8880 151896 12448 139448 248076 248076 273680 273680 0 0 9378854 5013345 4280225 85284 708998 95665 550329 63004 8160358 4301108 3761957 97293 2756222 2756222 0 1805504 1261976 512768 30760 1704262 1271394 330686 102182 0 332141 226989 85440 19712 0 0 7286627 1909605 5371129 5893 2340052 2245162 94890 DUES AND SUBSCRIPTIONS 3061846 2789608 239405 32833 MAINTENANCE AND REPAIRS 1846149 875008 971141 RESEARCH SUPPORT 1312062 1312062 BAD DEBT 385420 385420 89338 85282 742 3314 126304051 88136954 36088631 2078466 X 62654 72473 41910505 6089675 0 0 3473810 9197802 0 0 0 0 11838636 10313351 0 0 3416772 4390576 221595842 148917806 65983653 72678036 0 0 669166 609234 0 0 0 0 14704558 14478904 142059754 117830051 16687217 19137799 0 0 15476362 15286219 0 0 0 0 0 0 0 0 0 0 14294753 14588537 46458332 49012555 X 95601422 68817496 0 0 0 0 95601422 68817496 142059754 117830051 X 23247284 -50031210 X false true X true true true X X 0 273680 273680 273680 273680 126030371 126030371 126304051 126304051 1000000 1000000 250000 250000 1000000 1000000 1000000 1000000 4000000 6000000 244033 248244 304762 273680 1070719 250000 250000 250000 250000 1000000 1500000 X 1 30.76 0 0 0 1 false 0.00 0 10317130 10317130 97357974 71319279 26038695 96941444 71126385 25815059 16979294 6472142 10507152 72678036 CAPTIVE RETO PREMIUMS 13132814 DUE FROM FOUNDATION 839036 DEPOSITS & DEFERRED FINANCING 491358 PATENTS 15696 14478904 0 FED STUDENT LOAN GRANTS REFUNDABLE 14588537 14588537 X Conservation Easement Schedule D, Part II, line 9 The conservation easement provides for an open space easement related to PCOM's Georgia campus. PCOM does not have a footnote disclosure in their AFS describing its accounting for conservation easements. Liability for uncertain tax position (ASC 740) SCHEDULE D, 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 UNCERTAIN TAX POSITIONS. true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY 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 OF 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. GOVERNMENT ASSISTANCE SCHEDULE E, PART I, LINE 6A THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE RECEIVES GOVERNMENT ASSISTANCE IN THE FORM OF FEDERAL WORK STUDY GRANTS, PRE DOC TRAINING IN PRIMARY CARE GRANTS, PENNSYLVANIA APPROPRIATION, DELAWARE STATE RECRUITMENT GRANTS, State of Georgia Department of Community health grants AND VARIOUS OTHER FEDERAL AND STATE GRANTS. Central America and the Caribbean Investments 1274198 1274198 1274198 true false true false false false true Scholarships 82 51272 0 SCHEDULE I, PART I, LINE 1 PCOM MAINTAINS RECORDS OF AMOUNTS AWARDED TO STUDENTS, ELIGIBILITY FOR WHICH IS DETERMINED BY FINANCIAL NEED AND ACADEMIC ACHIEVEMENT REQUIREMENTS. SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE ISSUED BASED ON FINANCIAL NEED AND GOOD ACADEMIC STANDING. SCHOLARSHIPS ARE APPLIED AGAINST STUDENTS' TUITION ACCOUNT. NO CASH IS DISTRIBUTED TO STUDENTS. X X X X X true false false true false false false false false JAY S FELDSTEIN DO PRESIDENT AND CEO 539081 0 225000 0 7200 0 39750 0 19226 0 830257 0 0 0 KENNETH J VEIT DO VP AND DEAN 508939 0 75000 0 6600 0 39750 0 21478 0 651767 0 0 0 BRIAN BALIN PHD TRUSTEE 207067 0 4630 0 0 0 31060 0 29469 0 272226 0 0 0 PETER DOULIS VP FINANCE/CFO 338206 0 75000 0 6600 0 39750 0 24850 0 484406 0 0 0 ROBERT CUZZOLINO VP GRAD PROGRAM 273662 0 65000 0 6600 0 39750 0 21478 0 406490 0 0 0 R BRYAN GINN CHIEF CAMPUS OFFICER - GA 204408 0 30000 0 6600 0 30661 0 29459 0 301128 0 0 0 CARRIE COLLINS CHIEF ADVANCEMENT OFFICER 226093 0 45000 0 6600 0 22609 0 29544 0 329846 0 0 0 DAVID SIMON CHIEF LEGAL AFFAIRS OFFICER 286665 0 35000 0 6600 0 39750 0 29639 0 397654 0 0 0 MICHAEL LEE INTERIM DEAN PHARMACY - GA 166616 0 0 0 0 0 24992 0 11894 0 203502 0 0 0 HASCO CRAVER DEAN - GA 316085 0 0 0 6600 0 39750 0 21478 0 383913 0 0 0 RICHARD PASCUCCI DO VICE DEAN 209097 0 0 0 0 0 0 0 26010 0 235107 0 0 0 HARRY MORRIS DO CHAIRPERSON 263623 0 2250 0 0 0 39543 0 26010 0 331426 0 0 0 ALEXANDER NICHOLAS DO PHYSICIAN 276447 0 9057 0 0 0 39750 0 26010 0 351264 0 0 0 GREGORY MCDONALD DO PHYSICIAN 262484 0 0 0 0 0 39372 0 19226 0 321082 0 0 0 MICHAEL VENDITTO DO PHYSICIAN 257290 0 0 0 0 0 38594 0 26010 0 321894 0 0 0 PAT LANNUTTI DO PHYSICIAN 264559 0 0 0 0 0 39684 0 12224 0 316467 0 0 0 DANIEL PARENTI DO PHYSICIAN 261405 0 0 0 0 0 39211 0 26010 0 326626 0 0 0 Mark Okamoto Frmr. Dean Pharmacy - GA 0 0 0 0 181064 0 0 0 0 0 181064 0 0 0 Michael A Becker DO trustee - thru 11/2017 210442 0 0 30216 29449 270107 0 Process for Determining Compensation Schedule J, 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 confuscated by an independent executive compensation consulting organization, in order to provide an opinion on the reasonableness of, and supporting comparability data with respect to total compensation of the president and officers. All bonuses are merit-based. SEVERANCE PAYMENT SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECEIVED A severance payment during calendar year 2017: MARK OKAMOTO $181,064 INCENTIVE-BASED COMPENSATION SCHEDULE J, PART I, LINE 5A DRS. HARRY MORRIS, ALEXANDER NICHOLAS, GREGORY MCDONALD, MICHAEL VENDITTO, PAT LANNUTTI, AND DANIEL PARENTI ARE MEMBERS OF PCOM'S FACULTY PRACTICE PLAN (PLAN). THEY RECEIVE INCENTIVE-BASED COMPENSATION BASED ON THEIR PERFORMANCE ASSOCIATED WITH THE PLAN. THIS INCENTIVE-BASED COMPENSATION HAS AN OVERALL COMPENSATION CAP AND IS REVIEWED ANNUALLY TO INSURE THAT THE AMOUNT IS REASONABLE. COMPENSATION OF TRUSTEE SCHEDULE J, PART II BRIAN BALIN, PHD and Michael A. Becker, DO are TRUSTEEs AND EMPLOYEEs OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM). THE COMPENSATION FOR BALIN and BECKER THAT IS REPORTED ON FORM 990, PART VII AND SCHEDULE J, PART II IS FOR THEIR STAFF PHYSICIAN POSITIONs AT PCOM. BALIN and Becker Are NOT COMPENSATED FOR THEIR TIME DEVOTED AS TruSTEEs. Suzanne S Mayes JD Board Member 175000 See Part V false Schedule L, Part VI, Line 1, Column (d) Suzanne S. Mayes, JD is a shareholder of Cozen O'Connor PC, a law firm that provides various legal services to PCOM. X development property 1 766479 appraisal false true false BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 2 BOARD MEMBERS, Thomas Gravina and Jerel Hopkins, SERVE ON THE BOARD OF ONE OF THE INVESTMENT COMPANIES USED BY RELATED ORGANIZATION, THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION. THESE BOARD MEMBERS ABSTAIN FROM VOTING ON THIS INVESTMENT. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B FORM 990 IS PREPARED BY THE ORGANIZATION AND REVIEWED BY AN OUTSIDE INDEPENDENT TAX CONSULTANT. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE 990. PRIOR TO FILING, THE 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C AN ANNUAL QUESTIONNAIRE AND DISCLOSURE FORM WAS DEVELOPED BY OUR EXTERNAL LEGAL COUNSEL. EVERY JULY 1 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. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A AND 15B SALARY AND BONUS PAID TO THE PRESIDENT AND OFFICERS OF THE COLLEGE IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE PCOM BOARD OF TRUSTEES. IN ADDITION, AN ANNUAL REVIEW IS CONFUSCATED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING ORGANIZATION, IN ORDER TO PROVIDE AN OPINION ON THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. ALL BONUSES ARE MERIT-BASED. GOVERNING DOCUMENTS PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990 PART XI LINE 9 TRANSFER TO RELATED ORGANIZATION $(50,031,210) 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) 12A NA false Overmont Corporation 4001 Monument Road Philadelphia PA 19131 231922689 Housing PA 501(C)(3) 09 NA false PCOM Primary Care Innovation F 4170 City Avenue Philadelphia PA 19131 320505991 Investments DE NA N/A PCOM Fund Manager LLC 4170 City Avenue Philadelphia PA 19131 320505886 Investments DE NA N/A American Osteo Insurance Co Ltd PO Box 1109 Grand Cayman CJ 980201176 Insurance CJ PCOM C Corp 1493739 22234850 1.00000 false false false true false false false false false false false false false false false false false true true false PCOM Foundation 4170 City Avenue Philadelphia PA 19131 222691757 0 0 0 0 0 0 0 0 0 0 PCOM 4170 city avenue philadelphia PA 19131 231355135 0 273680 273680 126030371 126304051 1000000 250000 0 0 0