2016-05-13T07:19:51-05:00 2015-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2014-07-01 260812968 The Commonwealth Medical College % ANNA M RUSNAK-NOON CPA MB COMM 5705047000 525 Pine Street Scranton PA 18509 STEVEN J SCHEINMAN MD PRESIDENT AND DEAN 5705047000 2016-05-06 true Andrea Kyzyma P01273279 2155614200 2014 2016-08-17 19:52:53Z TCMC Steven J Scheinman MD 525 Pine Street Scranton PA 18509 35174788 false X www.tcmc.edu X 2007 PA To educate aspiring physicians and scientists to serve society using a community-based, patient-centered, interprofessional and evidence-based model of education. 10 8 237 1232 0 0 42084586 9019050 18137858 21211566 12321 727172 420622 443698 60655387 31401486 1072806 1190479 0 0 16875088 17103770 0 67401 697859 15577620 15669046 33525514 34030696 27129873 -2629210 123659934 118883936 46883581 45049745 76776353 73834191 X Diverse Clinical Experience Emphasizing Community Health and Patient-Centeredness: At the start of the first-year curriculum, students are assigned a family coping with a disability or a chronic illness. The student will follow this family for two years. This assignment highlights both the nature and frequency of such a family's interaction with the healthcare system and with social safety-net services, broadening our students' perspectives of the entire spectrum of patient experience. All students each individually have a community-physician mentor, with whom they develop a four-year relationship. Students engage in a community public health project, emphasizing TCMC's commitment to improving the quality of healthcare in the College's 17-county region. In addition, each student must complete 100 hours of community service in northeastern and north central Pennsylvania. TCMC faculty have been recognized nationally and internationally for their scholarly work and have published hundreds false false 16325487 1190479 21211566 Academic programs: The Commonwealth Medical College educates aspiring physicians and scientists to serve society using a community-based, patient-centered, interprofessional and evidence-based model of education that is committed to inclusion, promotes discovery and utilizes innovative techniques. TCMC offers two separate degree programs: a doctor of medicine (MD) program and a master of biomedical science (MBS) program. TCMC also offers an MD/MPH (master of public health) program in partnership with East Stroudsburg University and an MD/MHA dual degree together with the University of Scranton. TCMC focuses biomedical research and training programs on health issues prevalent in northeastern and north central Pennsylvania, a 17-county region with 1.8 million residents. The region has an ageing population - 17 percent of residents are older than age 65, compared to 13.5 percent nationally. Moreover, the region has high incidences of breast, lung, colorectal and prostate cancers, as well as high incidences of non-Hodgkins lymphoma, other chronic disease associated with ageing, and significant needs in primary care, mental/behavioral health and community medicine. Students serve the community from the moment they arrive at TCMC. They are assigned to one of TMC's four regional campuses, where they will volunteer at nonprofit agencies and train in medical settings. The four regional campuses are North (Scranton and Pocono); South (Wilkes-Barre); West (Williamsport) and Guthrie (Sayre). For their first two years, students are paired with a multi-generational family coping with a disability or chronic illness. This is done to facilitate students' understanding from the entire family's perspective. Students gain early clinical experience as they work with a physician mentor during three one-week rotations in the regions during their first and second years of medical school. Students also participate in a community health research project and a quality improvement community collaborative within their regions to gain research experience, to investigate and/or solve a community health issue, to make an immediate improvement in their regional campus community and to enhance the health of the region's citizens. In addition, every MD student is required to complete 100 community service hours. TCMC students have volunteered more than 40,000 hours since the college's inception. The students organize blood drives and health fairs, tutor local children, collect food and warm clothing for the homeless and complete many other helpful acts that immerse them in and improve the wellbeing of the community. The MBS curriculum has been designed to provide students with a unique, personal education that will help them to achieve their career goals. Small class sizes and a commitment to student-centered learning are combined with individualized career and education planning services. The MBS program is directed toward students who are either seeking to strengthen their credentials for application to medical/health profession school or who want to work in public health, scientific research or in other health and health-related industries (such as life sciences, pharmaceuticals or medical device firms). 3163385 1100973 Research Programs The TCMC research mission is to improve the health and wellbeing of its 17-county community through the collaborative discovery and dissemination of knowledge gained through research, technology development, community engagement and education. Because it is our vision to be in service to our community, we strive to be a catalyst for strategic research partnerships, to be a leader for advancing biomedical research and to be a keystone for improving health outcomes through translational research. We incorporate values of collaboration, integrity, innovation, translation and engagement. At TCMC, students have the opportunity to conduct research under the mentorship and guidance of distinguished faculty. Research projects developed by faculty research mentors who are seeking research assistants are described below. These are positions for which students do not need substantial experience, yet these research activities and the mentors who guide them provide unique and rich educational opportunities. TCMC has multiple, organized research opportunities, including the Summer Research Program, for students entering their second year of medical school at TCMC. Undergraduate students from affiliated institutions are also encouraged to apply for research assistantships. TCMC has affiliation agreements with many area colleges, including but not limited to the University of Scranton, East Stroudsburg University, Marywood University, Philadelphia University of the Sciences, Wilkes University and the University of Pittsburgh. 2003150 Student Affairs The Student Affairs team supports TCMC's institutional mission and values by fostering students' academic, professional and personal growth. TCMC admits academically successful, passionate, innovative and community-minded students with an aptitude for biomedical sciences and a sincere commitment to improving the quality of healthcare. The office provides a host of personal, academic and referral services to enhance the interpersonal and educational experiences of TCMC students. Student Affairs promotes student engagement and participation in social, cultural and intellectual life at TCMC. The office is the principal advisor to student councils, clubs and organizations. The office also works with students for career advising and planning, and assists students with identifying the financial resources needed to achieve their individual educational goals. 21492022 true true false true false false false true true true true false false false true true true false true false false false false true true false false false true true true false false false false false false false false false true true false false false false true true false false false true 154 0 true 237 true false false false false false true true false false false false X 10 8 true false false false false true true true true false false true true true true true true true true false X ANNA M RUSNAK-NOON CPA MB 5705049695 525 PINE STREET SCRANTON PA 18509 Robert Naismith PhD Trustee 2.0 0.0 X 0 0 0 Louis Denaples Chairman 5.0 0.0 X X 0 0 0 John Menapace Trustee 2.0 0.0 X 0 0 0 Thomas F Karam Treasurer 5.0 0.0 X X 0 0 0 John P Moses Esquire Trustee 5.0 0.0 X 0 0 0 Susan F Sordoni MD Trustee 2.0 0.0 X 0 0 0 Robert Wright MD Trustee 2.0 0.0 X 0 0 0 John Graham Secretary 5.0 0.0 X X 0 0 0 Steven J Scheinman MD President & Dean 65.0 0.0 X X 768141 0 19391 Edith Mitchell MD Trustee 2.0 0.0 X 0 0 0 Gregory Threatte MD Trustee 2.0 0.0 X 0 0 0 Virginia Hunt VP Planning 65.0 0.0 X 126359 0 13263 Anna M Rusnak-Noon CPA MBA VP Finance & Admn / CFO 58.0 0.0 X 245924 0 30633 Janet Townsend MD Founding Chair Faimly Medicine 65.0 0.0 X 305201 0 35018 William Iobst MD Vice Dean VP Academ Aff 60.0 0.0 X 403904 0 35297 Diana Callendar MBBS DM Prof/Inter Chr Clinical Sci 50.0 0.0 X 255492 0 31670 Shubhra Shetty MD Prof of Int Med/ Reg Dean 40.0 0.0 X 215986 0 30033 John Szarek PhD Professor - Pharamacology 65.0 0.0 X 209762 0 28684 Jeffery Holt PhD Professor - Pathology 66.0 0.0 X 209752 0 28776 Jennifer Joyce MD Professor Family Medicine 52.0 0.0 X 202100 0 24075 David Averill PhD Interim Assoc Dean Curr 60.0 0.0 X 221626 0 31891 Valerie Weber MD Founding Chair Clinical Sci 0.0 0.0 X 275494 0 28749 Maurice Clifton MD Sr Assoc Dean Academic Affairs 0.0 0.0 X 305591 0 15600 3745332 0 353080 42 true true false Susquehanna health medical group 77 Rural Ave WILLIAMSPORT PA 17701 Professional Service 313176 The Wright Center Medical Group 501 Madison Ave SCRANTON PA 18510 Student Services 152250 Guthrie Medical Group PC One Guthrie Square GUTHRIE PA 18840 professional service 243768 SR Wojdak and Associates 200 S Broad St PHILADELPHIA PA 19102 Lobbying 153520 Krayer Detective Agency 107 North Apple St DUNMORE PA 18512 Public Safety 177534 5 323436 1018018 7677596 135763 9019050 TUITION AND FEES 21211566 21211566 21211566 782114 782114 0 0 0 0 0 3603494 3656520 1916 -53026 -1916 -54942 -54942 59847 323436 110939 -51092 -51092 0 4357 3927 430 430 PARKING 42213 42213 COPYING 9899 9899 LIBRARY 25805 25805 416443 416443 494360 31401486 21211566 1170870 0 1190479 1190479 0 0 2325692 1094256 1231436 0 11650872 8293715 2950476 406681 988670 705246 250890 32534 1264820 905785 322232 36803 873716 621505 221100 31111 0 129665 129665 118913 118913 213355 213355 67401 67401 114573 114573 2119071 1614951 499371 4749 135208 119123 16085 342228 68099 266381 7748 1422795 1226704 168229 27862 0 1459607 641789 817818 57106 41326 14702 1078 0 366735 266612 94847 5276 974943 428682 546261 0 4796772 2109141 2687631 341278 150060 191218 BANK AND BOND FEES 1321011 580849 740162 LIBRARY EXPENSES 457907 457907 MAINTENANCE AGREEMENTS 304002 304002 LAB RESEARCH EXPENSES 272472 272472 721405 518442 142432 60531 34030696 21492022 11840815 697859 9885 21247 16766231 12140883 1462931 3958648 22708 112039 0 0 0 0 0 0 13970 9998 2323458 1417606 100678785 24559362 80631791 76119423 21586669 24308795 0 0 0 0 0 0 842291 795297 123659934 118883936 3014756 3102301 0 0 2394366 881572 37925390 36886373 2772 3211 0 0 0 0 0 0 3546297 4176288 46883581 45049745 X 43853873 40672540 31704157 31534689 1218323 1626962 76776353 73834191 123659934 118883936 X -2629210 317039 -629991 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true false false false false true 238927 false false 238927 false Direct Contact Schedule C, Part II-B, Line 1g Meet with legislatures to explain medical education and the topics that are important to our mission. Lobbying Activities Scedule C, Part II-B, Line 1g The college's $213,355 in expenditures reported on Line 1 represent fees paid pursuant to a contract with two consultants to lobby on behalf of the college by assisting with meetings with legislators to keep them informed on issues in both healthcare and higher education and by assisting with TCMC's funding and government-relations services. X true false true X 760012 388975 50244 4400 10000 1184831 720000 40000 1548 482 1054 760012 710025 10000 1189 379 835 720000 706521 10000 1807 2314 5989 710025 716413 2933 2580 10245 706521 1.00000 false false 2048701 2048701 82882023 12417453 70464570 61070 54151 6919 12798068 10682788 2115280 28889243 1404970 1483953 76119423 0 INTEREST RATE SWAP 4176288 4176288 X 30161466 317039 151459 114866 583364 29578102 2914 1820470 1823384 31401486 33103628 151459 114866 266325 32837303 2914 1190479 1193393 34030696 COLLECTIONS OF ART Schedule D, Part III, Line 4 A glass wall collection (two pieces) was given to TCMC to display on a wall of the new medical sciences building. Trust, Escrow And Custodial ARRANGEMENTS Schedule D, Part IV, Line 2b The College is a custodian of accounts for its student affiliated chapters of national organizations. The amount held is recorded as cash and a corresponding liability on the balance sheet. The college processes check requests authorized by the chapter officers. Endowment Funds Schedule D, Part V, Line 4 The college has established a permanent endowment, the current balance of $517,000 is intended to support general school operations. The college also received eight additional permanent endowments to fund future scholarships. Through June 30 2015 the total permanent endowment market value for scholarships was $506,000. The market value for permanent endowments for various other program support is at $161,000. Income Taxes Schedule D, Part X, Line 2 TCMC is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on its exempt income under Section 501(a) of the Internal Revenue Code. A tax position is recognized or derecognized by TCMC based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. TCMC does not believe its financial statements include any material uncertain tax positions. As of June 30, 2015, TCMC's tax periods ended June 30, 2012 through June 30, 2014 for the federal tax jurisdiction remain open to examination. RECONCILIATION OF REVENUES SCHEDULE D, PART XI LINE 2D - EXPENSES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSES 110,939 COST OF GOODS SOLD 3,927 -------- TOTAL LINE 2D 114,866 LINE 4D - EXPENSES ON RETURN NOT ON BOOKS SCHOLARSHIPS 1,190,479 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (LOSS) 629,991 -------- TOTAL LINE 4B 1,820,470 RECONCILIATION OF EXPENSES SCHEDULE D, PART XI LINE 2D - EXPENSES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSES 110,939 COST OF GOODS SOLD 3,927 -------- TOTAL LINE 2D 114,866 LINE 4D - EXPENSES ON RETURN NOT ON BOOKS SCHOLARSHIPS 1,190,479 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 The following statement is included on all brochures and mailings. "The Commonwealth Medical College is committed to non-discrimination in all of its employment and educational opportunities." In addition, the college advertised its nondiscriminatory policy. Schedule E, Part I, Line 6a In FY 2015 The Commonwealth Medical College recognized grant revenue from Federal and State Governments in the amount of $1,018,018. X X X X X X X false PA Gala 286632 261607 25025 33188 43324 Golf Tournment 81902 57452 24450 11772 18652 1 14749 4377 10372 4003 383283 323436 59847 44960 65979 110939 -51092 true Scholarships 180 1190479 Schedule I, Part I, Line 2 The Commonwealth Medical College provides financial aid to eligible students including scholarships and need-based financial aid. TCMC formed a scholarship committee to review and select scholarship recipients according to criteria specified by the donor. The admissions office identifies all students who meet the criteria and those student are then submitted for review by the committee. Need-based awards are determined and awarded by the Financial Aid Office after a review of qualified applicants. There is an extensive review process conducted by the financial aid office to determine the recipients of such aid. Financial aid, including scholarships, is supported by internal funds, gifts from private donors and income earned on endowment funds, donor restricted for scholarships and other student aid. All scholarships are applied only to TCMC's tuition and fees. No cash payments are made to students for these scholarships. X true true X X X X X X true true false true false false false true false Steven J Scheinman MD President & Dean 587077 0 160000 0 21064 0 15600 0 3791 0 787532 0 0 0 Anna M Rusnak-Noon CPA MBA VP Finance & Admn / CFO 244842 0 0 0 1082 0 14929 0 15704 0 276557 0 0 0 Janet Townsend MD Founding Chair Faimly Medicine 300770 0 0 0 4431 0 15600 0 19418 0 340219 0 0 0 Valerie Weber MD Founding Chair Clinical Sci 269392 0 0 0 6102 0 15600 0 13149 0 304243 0 0 0 Shubhra Shetty MD Prof of Int Med/ Reg Dean 215284 0 0 0 702 0 13162 0 16871 0 246019 0 0 0 John Szarek PhD Professor - Pharamacology 208113 0 0 0 1649 0 12703 0 15981 0 238446 0 0 0 Jeffery Holt PhD Professor - Pathology 206219 0 0 0 3533 0 12622 0 16154 0 238528 0 0 0 Jennifer Joyce MD Professor Family Medicine 201140 0 0 0 960 0 15684 0 8391 0 226175 0 0 0 David Averill PhD Interim Assoc Dean Curr 216806 0 0 0 4820 0 13311 0 18580 0 253517 0 0 0 Maurice Clifton MD Sr Assoc Dean Academic Affairs 288091 0 0 0 17500 0 15600 0 0 0 321191 0 0 0 William Iobst MD Vice Dean VP Academ Aff 399993 0 0 0 3911 0 15600 0 19697 0 439201 0 0 0 Diana Callendar MBBS DM Prof/Inter Chr Clinical Sci 252608 0 0 0 2884 0 15384 0 16286 0 287162 0 0 0 Schedule J, Part I, Line 1a The College paid the dues to the Westmoreland Club (a social club) on behalf of president and dean, Steven J Scheinman MD, which is used for business meetings. Schedule J, Part I, Line 4a Payment to Maurice Clifton as identified on the Compensation Tab; all of the compensation was a severance payment. Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN During calendar year 2014, the following individuals participated in a supplemental nonqualified retirement plan under section 457(f): Steven Scheinman MD: $30,295, Janet Townsend, MD: $2,720, William Iobst, MD: $8,676 Also during calendar year 2014, the following individuals participated in a supplemental nonqualified retirement plan under section 457(b): Jeff Holt, PhD: $600, Maurice Clifton, MD: $17,500, Steven Scheinman, MD: $17,500, Virginia Hunt: $4,038. Schedule J, Part I, Line 5a The Vice President of Institutional Advancement performance bonus (7% of gross pay) is paid if the total amount of fundraising dollars raised during a calendar year exceeds $2.5M. Schedule J, Part I, Line 7 The Dean is eligible for a deferred compensation payment equal to 6% of his base pay (each year) as earned and the Dean is also eligible for a 10% (of base salary each year) performance bonus upon satisfactory performance review and meeting predetermined annual goals. Additional bonus pay for goals expanding the five-year contract period may also be earned. A Northeastern Pennsylvania Hospital and Educ Auth 237394107 66455NAB6 2009-03-25 40000000 Finance Var. Construction and acq. false false false A 2990000 0 40055598 0 2915390 0 750000 769572 0 35570636 50000 0 2012 false false true true A false true true true true true 0.00000 0.00000 0.00000 false false true A false false false true true true PNC Bank NA 24.7 false false false 0 false true A true SCHEDULE K, Part I(e) and Part II, Line 3 The difference between Part I(e) and Part II, Line 3 is due to interest earnings on Bond proceeds. Schedule K, Part III, Line 7 As provided in Treasury Regulation Section 1.141-4 (c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/ or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, Line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/ or unrelated trade or business reported in Part III, Line 6, is not in excess of amounts permitted under Section 145 of the Code. Schedule K, Part IV, Line 2c The rebate computation was performed as of March 1, 2014. Blue Cross of NE PAHighmark See Part V Supplemental 1973745 Health Insurance false Wright Center Med Group See Part V Supplemental 150000 Student Health Services false SCHEDULE L, PART IV Several of the Commonwealth Medical College's Trustees sit on the Board of Directors of entities that transact business with the College. By virtue of these relationships, these transacting entities are interested persons for purposes of Schedule L, Part IV. Please see below: 1. Blue Cross of Northeastern Pennsylvania - Trustees John Moses, John Menapace, and Louis DeNaples sat on Blue Cross' Board of Directors. The College provided employee benefits to its employees through Blue Cross of Northeast Pennsylvania. In addition, student health coverage is purchased from BCNEPA. In 2015, BCNEPA transferred its rights to the AllOne Foundation. In addition, BCNEPA merged its business with Highmark. Highmark continues to provide health insurance to TCMC employees and students. Trustees Attorney John Moses and John Menapace serve on the Highmark Inc. Board. 2. The Wright Center for Graduate Medical Education Inc. and Wright Center Medical Group - Trustee Dr. Robert Wright, is a board member of the Wright Center for Graduate Medical Education Inc. The College has an affiliation agreement with the Wright Center for Graduate Medical Education Inc. X 7 125521 High Low average X Microscope 1 4500 Price of Used Equip X Food for Events 3 2242 Cost of Food X Software 1 3500 Cost of Software false true true Noncash Contributions FORM 990, SCHEDULE M, PART I, LINE 32 BNY Mellon and the Fidelity deposit and discount bank are the organization's brokers to sell securities received as gifts. Form 990, Part VI, Line 1A The president and dean are ex officio members and can appoint a faculty member if the president and the dean are the same person. Neither of these positions are voting members. Form 990, Part VI, Line 1B The Executive Committee shall oversee the governance of the corporation between meetings of the Board of Trustees and shall have and shall exercise all the general powers and duties of the Board of Trustees, except to the extent such powers or duties require an affirmative vote of the board pursuant to express provisions of these bylaws or by law. The Executive Committee shall be composed of the principal officers of the corporation and shall be chaired by the chair of the corporation. Form 990, Part VI, Line 2 Trustees John Moses and John Menapace have a business relationship. Attorney Moses and Mr. Menapace are board members of Highmark Inc., an organization that transacts business with The Commonwealth Medical College. Trustee, Dr. Robert Wright, has a business relationship. Dr. Wright is on the board of the Wright Center for Graduate Medical Education (formerly known as the Scranton Temple Residency Program), an organization that transacts business with The Commonwealth Medical College. Form 990, Part VI, Line 7a & 7b Sponsorship trustees. During the term of a certain sponsorship agreement by and between Blue Cross of Northeastern Pennsylvania (BCNEPA), which commenced on Oct. 23, 2007 and will conclude on Oct. 22, 2020, and the corporation, BCNEPA shall be entitled to appoint that number of individuals as is sufficient to constitute at least twenty-five percent (25%) of the total number of voting members of the board. Trustees so appointed shall serve for terms ending on Oct. 22, 2020 or upon earlier termination, for any reason, of the sponsorship agreement. Such trustees shall be removed from the board only "for cause" pursuant to Section 6 of this article. In the event any sponsorship trustee is removed for cause, or ceases to serve by reason of death, resignation or otherwise, BCNEPA shall appoint another individual to fill such vacancy for the remainder of the term. Under an assignment and assumption agreement between BCNEPA and AllOne Foundation dated June 1, 2015, BCNEPA assigned all of its rights and interests under its sponsorship agreement with TCMC to the AllOne Foundation, a 501 (c) (3) organization. These articles of incorporation may be amended or restated by a super majority vote (as hereinafter defined) of the board of directors of the corporation or by unanimous written consent of all members of the board of directors of the corporation. This provision is pursuant to procedures set forth in the bylaws, provided that no amendment of Article X or of Article XII of these articles shall be effective and no amendment of any other provision of these articles that is consistent with Article X or Article XII shall become effective, unless approved in writing by Hospital Services Association of Northeastern Pennsylvania, now AllOne Foundation. For purposes hereof, a "super majority vote" means the affirmative vote of at least seventy-six percent (76%) of the voting members of the board of directors in office or the unanimous written consent of all voting members of the board of directors. The affirmative vote of at least seventy-six percent (76%) of the voting trustees in office shall be required for board approval of the following actions of the corporation or for the corporation's incurring any obligation or making any commitment in respect of such actions: I. Election or appointment of a chairman of the board; II. Approval of any fundamental transaction (as defined below); III. Approval of the corporation's annual operating budget and capital budgets and any material variations therefrom; IV. Approval of strategic business plans and material variations therefrom; V. The filling of vacancies within the board; VI. Approval of any increase or reduction in the size of the board; VII. Approval of any new indebtedness for borrowed money or any obligation secured by any asset of the corporation; VIII. Approval of any amendment of the terms of the corporation's indebtedness for borrowed money or secured indebtedness or of any restructuring or refinancing of any such indebtedness; and IX. Approval of any amendment of the corporation's bylaws or articles of incorporation. Form 990, Part VI, Line 11B The College's Form 990 was prepared by a nationally renowned accounting firm in conjunction with the college's Accounting Department. A copy of the Form 990 was circulated to the Board of Trustees by the vice president of finance and by the administration for discussion and comment. Each trustee was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service. The trustees have reviewed the "as filed" copy of the 990. Form 990, Part VI, Line 12c Each officer, director, trustee, key employee and the financial manager of the College is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service or their position with the College. The College monitors compliance with its conflict-of-interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts of interest are required to be disclosed. Form 990, Part VI, Line 15a & 15b The College undertakes a thorough process to ensure that the executive compensation it pays its top management official and all of the officers and key employees is reasonable given the market in which the College competes and operates. In relevant part, the board of directors has established a Compensation Committee of independent persons who have no personal interest in the proposed compensation agreement. The Compensation Committee contracts with a compensation consultant every two years to complete a market assessment and competitive analysis for the College's top executives. The compensation consultant utilizes comparability and benchmarking data to ensure that the College compensates its executives commensurate with the market. The Compensation Committee will then set the compensation for the president and dean and document the decision in board minutes. Other positions are set by the president and dean given market assessments and competitive positions, as well as information from the executive compensation review. Form 990, Part VI, Line 19 The College makes its 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict-of-interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Northeastern PA Medical Educ Dvlpmnt 525 Pine Street Scranton PA 18509 203099187 Inactive Med PA 501(c )(3) 02 NA false Commonwealth Medical Associates PC 525 Pine Street Scranton PA 18509 264319644 Inactive PA Applied For NA false Commonwealth Medical College Foundation 525 Pine Street Scranton PA 18509 273395484 Inactive PA Applied For Applied For NA false false false false false false false false false false false false false false false false false false false false