2015-01-12T10:53:16-06:00 2014-06-30 KPMG LLP 1021 East Cary Street Suite 2000 Richmond VA 23219 990 2013-07-01 542052107 EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE % MARK HAMRIC EDWA 5402311181 2265 KRAFT DRIVE Suite BLACKSBURG VA 24060 JOHN G ROCOVICH JR CHAIRMAN/TREASURER 8047824200 2014-12-20 true CHRISTINE TAUCHEN P01320000 8047824200 2013 2016-02-25 16:41:14Z JAMES WOLFE PRESIDENT 2265 KRAFT DRIVE BLACKSBURG VA 24060 111235826 false X WWW.VCOM.VT.EDU X 2001 VA TO PROVIDE OSTEOPATHIC MEDICAL EDUCATION, OUTREACH OR MEDICAL SERVICES AND RESEARCH THAT PREPARES PHYSICIANS WHO WILL PROMOTE HUMAN HEALTH IN MEDICALLY UNDERSERVED AREAS. 12 12 470 178 0 50703128 60016816 43967624 50113350 148062 652492 257011 442849 95075825 111225507 50469632 59879923 0 0 21621026 26903359 0 0 1009979 16451707 17260067 88542365 104043349 6533460 7182158 27198360 34772679 6102852 6474825 21095508 28297854 X THE MISSION OF THE EDWARD VIA COLLEGE OF OSTEOPATHIC MEDICINE IS TO PREPARE GLOBALLY-MINDED, COMMUNITY-FOCUSED PHYSICIANS TO MEET THE NEEDS OF RURAL AND MEDICALLY UNDERSERVED POPULATIONS AND PROMOTE RESEARCH TO IMPROVE HUMAN HEALTH. false false 86275103 59879923 49630197 Academic or educational achievements include graduation of the eighth class of 179 medical students from the Virginia Campus; matriculation of the eleventh class of 188 medical students at the Virginia Campus; graduation of the fifth class from the Post Baccalaureate program, of which an average of 74% matriculated to medical schools; completion of the third year of instruction for the inaugural class and matriculation of the third class of medical students at the Carolinas Campus in Spartanburg, South Carolina; development by the Simulation and Technology Center of standardized patient and mannequin-based simulation cases for Laerdal Medical Corporation's SimVentures Program; assistance by VCOM faculty and students to provide sports medicine coverage for participants in the fourth annual PGA-sanctioned Greenbrier Classic, the 2014 World Freestyle Skiing Championship and 2014 Winter X-games; generation, through a partnership with Virginia Tech, of 18 board-eligible, primary care sports medicine physicians though the summer of 2014; development of graduate medical programs began in 2008 with the formation of the OMNEE (Osteopathic Medical Network of Excellence in Education), and has grown from three hospital members and one college of osteopathic medicine (COM) to nine hospital members, three COM's and several associate members; the OMNEE has 241 positions in member and associate member hospitals and 9 Family Medicine programs, 5 Internal Medicine programs, 6 transitional rotating internships, 1 Dermatology program, 1 Neurosurgery program, 1 Sports Medicine program, 1 Gastro-Intestinal program, and 1 Family Medicine/Geriatrics program; positive results for the Carolinas Campus from the inspection team of the American Osteopathic Association's Commission on Osteopathic College Accreditation; construction of the Auburn, Alabama campus in the Auburn (University) Research Park, which is scheduled to matriculate the first class in August 2015; and an estimated economic impact of over $169 million in Alabama, South Carolina and Virginia. The following statistics help illustrate the attainment of VCOM's mission: 56% of medical school graduates in the classes of 2010 through 2014 entered primary care residencies; 58% of medical school graduates in the classes of 2010 through 2013 chose residencies in Appalachia; 64% of medical school graduates in the classes of 2007 through 2010 are in primary care practice; and 61% of medical school graduates practice medicine in Appalachia. 2460575 0 374759 Research involves three generalized categories-biomedical sciences, clinical and educational, or improving student learning. Biomedical, or basic science, research involves investigating health-related issues most often using non-human models, such as animals or cell cultures, in an effort to lay foundations for advancements in medical knowledge and to answer questions about the basic mechanisms and pathways involved in specific diseases. Clinical research investigates the safety and effectiveness of drugs, devices, diagnostic products, and treatment regimens intended for human use, which may be used for prevention, treatment, diagnosis, or for relieving symptoms of a disease. VCOM's clinical research program focuses largely on behavioral medicine, disease prevention, health education, and the diagnosis and treatment of various diseases, specifically those prevalent in underserved and rural areas of Appalachia as well as throughout the country. A specific area of clinical research is VCOM's sports medicine research program, which focuses on sports-related injury prevention, the implementation of therapeutic interventions, and educational program development. Educational research and outreach programs at VCOM encompass the development of best practices to help students excel in their academic work, as well as help provide health-related services to underserved communities both at home and abroad. Many VCOM faculty members in both clinical and biomedical areas are active in educational research and community outreach programs, most often working in teams. The majority of educational research is with the Standardized Patient program at the Simulation and Technology Centers at both the Virginia and the Carolinas campuses. Translational research transforms discoveries from biomedical and laboratory studies into clinical applications with the goal of reducing morbidity and mortality from specific diseases and conditions. Translational research often involves team-based projects, where both biomedical researchers and physicians work together to find practical applications. Translational medical research aims to move from "bench to bedside," or from laboratory experiments to diagnostic tools, medicines, procedures, and education. Current Biomedical research projects include wound healing and bone regeneration in vivo, therapeutics for autoimmune diseases such as lupus, therapeutic use of nanoparticles in those with blinding diseases, such as macular degeneration, Cerium oxide nanoparticles in the treatment of Parkinson's disease, early detection and treatment of blast-induced mild traumatic brain injury, correlation between strict blood glucose control and length of hospitalization, role of the immune system in inflammatory bowel disease, understanding the nature of immune responses to cancers and infectious agents, adult stem cell research and stem cell markers for colon cancer, utilizing stem cells for regenerative medicine, sensory information contribution to changes in neural activity, effects of microgravity upon immune function and tumor growth, respiratory syncytial virus and healthcare-associated infection prevention and treatment, and identification of novel drug targets for the treatment of neurodegenerative disorders and stroke. Current Clinical research projects include traumatic brain injury in both the civilian and military populations, head impact structural and functional changes using magnetic resonance imaging, correlation between head acceleration impact tolerances and clinical outcomes associated with mild traumatic brain injury, comparison of asthma medications in pediatric patients, use of prealbumin levels to assess nutrition support in a pediatric intensive care unit, early diagnosis and treatment improving the outcome and preventing complications in Kawasaki disease, brown adipose tissue activation and therapeutic effects on obesity and obesity-associated diseases, and quality of life and daytime sleepiness among osteopathic medicine residents. Current Sports Medicine research projects include examining concussion data in college sports to improve concussion databases, studying high school football coach concussion awareness and sideline medical coverage, detecting clinically significant cardiac abnormalities with pre-participation ECGs in college athletes, chemosensory evaluation of training and oxidative stress in runners, examining the effectiveness of iron supplements and diet change on ferritin levels among female Division I athletes, and researching the effect of concussion on postural stability among NCAA Division I College Athletes. Current educational research projects include evaluation of the use of email board review questions as an effective system for medical education and board preparation, assessment of the effectiveness of a research course preparing post-baccalaureate students for research and scholarly activities, investigation of the effects of study habits on blood pressure among post-baccalaureate students, measurement of the impact of VCOM outreach programs in underserved populations where our graduates will practice, and development of understanding how intrinsic motivation impacts academic performance. Additionally, current educational research projects in the Simulation and Technology Centers include examination of the effects of physical touch on patient satisfaction in a standardized patient model, comparison of pediatric intensive care units vs. emergency room staff in management of croup cases during mock code exercises, comparison of emergency medical technicians' and paramedics' care competency training using simulation technology, and investigation of fetal and maternal assessment in rural Dominican (Republic) areas utilizing bedside sonography. Moreover, in VCOM's Human Tissue Plastination Center, cadaver organs are converted into non-perishable, hard plastic models through a process involving fixation and dehydration. These models are then used for student education and research. Research projects involve examination of the efficacy of plastinated tissue as an aid for standard anatomical education and assessing these models alongside traditional anatomy laboratory tables. Current projects Involving international mission sites include prevention of disease through clean water by assessing current water supply systems to formulate clean water research, education, and water improvement projects; assessment of Human Papillomavirus (HPV) and attitudes towards HPV so that educational interventions can be designed for women; assessment of community knowledge before and after presentations on hygiene, nutrition, oral health, and substance abuse; community and environmental risk assessment through door-to-door observations and interviews to determine critical risks to human health so that clinical and public health interventions can be formulated; promotion of best practices for healthy living by analyzing patient charts of disease states to formulate community and clinical interventions; improvement of patient care through screening, pathogen identification, and patient charting for prevention, treatment, and follow up; and, promotion of the World Health Organization's international health standards, which are implemented and measured at international clinical sites. There have been three notable awards VCOM has received in the past year. In late summer 2013, VCOM began a clinical trial managed by Banyan Biomarkers and sponsored by the Department of Defense. This trial is evaluating the utility of a specific biomarker as an aid in the evaluation of patients with suspected traumatic brain injury. Traumatic brain injury (TBI) is a significant public health problem representing a potentially catastrophic and debilitating medical emergency. The current standard of care has significant limitations, and many patients who suffer TBI do not receive medical care because the effects of TBI are often not immediately or outwardly visible. A biomarker test for TBI has the potential to greatly improve the triage and management of head injured patients and prevent the unnecessary use of neuroimaging and radiation exposure to patients. Another research project, funded by the National Institute of Neurological Disorders and Stroke, is examining the role of cerium oxide nanoparticles in the treatment of traumatic brain injury, using a rat model. In collaboration with the VandeVord laboratory from the Virginia Tech-Wake Forest School of Biomedical Engineering, the group has found that cerium oxide nanoparticles can be used to improve motor recovery, neurobehavioral outcomes, and learning and memory after traumatic brain injury (TBI). The nanoparticles work by blocking oxidative stress in the brain, improving mitochondrial function and promoting neuronal survival and recovery. This work may help usher in a new wave of nanopharmaceuticals for the treatment of numerous diseases. The third research project i 1654283 0 108394 The Appalachian and International Outreach programs at the Edward Via College of Osteopathic Medicine (VCOM) provide thoughtfully planned opportunities for students to serve the community while benefiting from these patient centered experiences. The international and Appalachian medical outreach trips are opportunities for students to nurture their commitment to serve those who have fewer resources and to strengthen their compassion and cultural competency through patient care. The outreach trips and rotations provide students with hands-on, problem-based, learning experiences in a real world setting, where they develop skills that cannot be learned in the classroom. In the 2013-2014 academic year, VCOM won several national awards, being recognized as one of two medical schools nationally to receive the United States Presidential Honor Roll Award for Outreach. Additionally, VCOM again received the Minority Access Inc. National Award this year for outstanding accomplishments internationally and mentorship of underrepresented minorities. A student conducting research in the Dominican Republic along with faculty received first place honors from the Bureau on International Osteopathic Medical Association and Affairs (BIOMEA) at the AOA convention. VCOM recently has formed partnerships with the Appalachian School of Pharmacy and the Presbyterian College's School of Pharmacy who will provide pharmaceutical support for the VCOM clinics and outreach trips. Additionally, expanding alumni participation has helped to strengthen the global effects of VCOM's international and Appalachian outreach. Student participation for international medical mission trips surged in 2013-2014 at both the Carolinas Campus and the Virginia Campus. Almost 70% of the second year classes, a total of 240 students, participated in international mission trips. Of this number, 121 medical students were from the Carolinas Campus, and 119 medical students were from the Virginia Campus. Also, forty-four (44) Post Baccalaureate students participated in international mission trips. During the 2013-2014 academic year, a total of 56 medical students from VCOM's Virginia Campus traveled to Vern, Dominican Republic on two outreach trips. During each trip, students provided free medical care to the surrounding communities, setting up pop-up tents for clinics at schools, churches, and villages in the area. Medical students from the VCOM - Virginia and Carolinas Campuses and the Post-Baccalaureate program made four outreach trips to El Salvador in 2013-2014. During each week-long trip, VCOM students provided medical attention for patients in local villages, community clinics, orphanages, and schools through the VCOM longitudinal and sustainable community health program. In addition to providing medical care, VCOM faculty and students led First Responder workshops. Post Baccalaureate students led educational sessions and learning activities on health and wellness throughout their week-long trip, focusing on the needs of local children and adults. One hundred six (106) VCOM students participated in four outreach trips to El Salvador. During the 2013-2014 year, students from the VCOM-Virginia and Carolinas Campuses and the Post-Baccalaureate Program participated in seven outreach trips to Honduras. A total of 147 VCOM students visited rural Santa Rosa de Copan and Tegucigalpa, riding on a big green school bus and providing care for the surrounding communities. Outreach trips to Honduras covered a wide variety of emphasis areas, from primary care to surgery and women's health to first responder training. Students traveled to villages, community clinics, schools, and orphanages to provide care for those in need. Also, VCOM faculty and staff also held First Responder workshops to teach lifesaving techniques to students at Baxter Institute who will return to 12 different countries in Central and South America. Students from the Post Baccalaureate program also led educational sessions and learning activities for local children and adults during their outreach trip, focusing on health and wellness. One hundred forty seven (147) VCOM students participated in seven outreach trips to Honduras. VCOM participates in a variety of annual community health events across the Appalachian region, a number of which are organized by students and faculty members. In the 2013-2014 academic year, the Virginia Campus participated in more than ten community health education and screening events, including biannual screenings at the Roanoke Rescue Mission, the AARP Health Fair, and eleven mini medical schools. The Carolinas Campus hosted a wide variety of events, including the Kid's Wellness Fair, Community Health Fair and D.O. Young Scholars Educational Camp. Students and faculty from the Carolinas Campus also participated in monthly outreach at local clinics, soup kitchens, churches, and schools. Because of VCOM's commitment to serving the medically underserved across the Appalachian region, patients who normally lack access to care can rely on regular health screenings and continuing education about health-related issues. Additionally, these experiences allow VCOM students to grow as physicians, developing a deeper appreciation for providing care to those in need. 3632164 0 431254 OTHER RESEARCH AND PUBLIC SERVICES 3632164 0 431254 94022125 true true false true false false false false false false true true false false true true false true true true true false false false true false false false true true false false false false false false false false false false false false true true true true false false true 1855 0 true 470 true false false false false false true true false false false false X 12 12 true true false false true true false true true false true true true true true true true true true true false SC X MARK HAMRIC 5402311181 2265 KRAFT DRIVE BLACKSBURG VA 24060 X JOHN G ROCOVICH JR ESQ CHAIRMAN/TREASURER 1.0 X X 0 0 0 SUE ELLEN ROCOVICH PHD DO Director 1.0 X X 0 0 0 NEAL CASTAGNOLI JR PHD DIRECTOR/VICE PRESIDENT 1.0 X X 0 0 0 WILLIAM ANDERSON DO DIRECTOR 1.0 X 0 0 0 RAYMOND SMOOT PHD DIRECTOR 1.0 X 0 0 0 ROY E HEATON DO DIRECTOR 1.0 X 0 0 0 THOMAS BROCK JR MBA DIRECTOR 1.0 X 0 0 0 JAMES JUSTICE II Director 1.0 X 0 0 0 BRUCE HOLSTEIN DIRECTOR 1.0 X 0 0 0 JIMMY GIBBS DIRECTOR 1.0 X 0 0 0 DANIEL A WUBAH PHD DIRECTOR 1.0 X 0 0 0 JEREMY WHITE DO PhD DIRECTOR 1.0 X 0 0 0 DR DIXIE TOOKE-RAWLINS DO PROVOST/FOUNDING DEAN 40.0 X 415372 0 59905 DR JAMES F WOLFE PhD President 40.0 X 251069 0 27675 DENNIS BARBOUR ASSISTANT SECRETARY 1.0 X 0 0 0 JAN WILCOX DO VICE DEAN 40.0 X 288872 0 45205 GUNNAR BROLINSON DO ASSOCIATE DEAN 40.0 X 244944 0 47662 JAMES POWERS DO ASSOCIATE DEAN 40.0 X 243913 0 47340 FREDERIC RAWLINS DO Associate Dean 40.0 X 244489 0 32068 TIMOTHY KOWALSKI DO VICE DEAN 40.0 X 283888 0 44905 RONALD JANUCHOWSKI DO ASSOCIATE DEAN 40.0 X 190316 0 42443 MARK HAMRIC CHIEF FINANCIAL OFFICER 40.0 X 186396 0 44133 JOHN LUCAS DO ASSOCIATE DEAN 40.0 X 301593 0 41255 PAUL K SWITZER MD ASSOCIATE DEAN 40.0 X 214065 0 27452 WARD STEVENS OMNEE Executive Director 40.0 X 201345 0 44708 RUSSELL HENDERSHOT DO CLINICAL TEACHING FACULTY 40.0 X 186105 0 41985 STUART WILLIAMS DO CLINICAL TEACHING FACULTY 40.0 X 185178 0 34732 DAVID HARDEN DO CLINICAL TEACHING FACULTY 40.0 X 171093 0 31622 DANIEL DAY DO CLINICAL TEACHING FACULTY 40.0 X 185388 0 29530 3794026 0 642620 49 false true false KPMG 1021 E CARY ST SUITE 2000 RICHMOND VA 23219 AUDIT & TAX SERVICES 239300 Spartanburg Regional Healthcare Sys 101 E Wood St SPARTANBURG SC 29303 Site Coordinator 484750 Southern Regional Area Health Educa 1601 Owen Drive FAYETTEVILLE NC 28304 Site Coordinator 204500 R C MedReview LLC 5192 Fox Ridge Road ROANOKE VA 24018 Board Exam Review 270000 IMG College LLC 540 NORTH TRADE STREET WINSTONSALEM NC 27101 Advertising 224950 5 X 59819648 197168 60016816 SPONSORED RESEARCH 900099 483153 483153 TUITION AND FEES 900099 49630197 49630197 50113350 652492 652492 0 0 0 0 0 0 21914 10319 11595 11595 0 0 MISCELLANEOUS REV. 900099 431254 431254 431254 111225507 50544604 664087 X 0 59879923 59879923 0 0 2932439 1973298 959141 0 18709713 16692077 1675808 341828 1970022 1547808 381129 41085 2144191 1667047 411407 65737 1146994 964171 157804 25019 0 243363 12118 231245 358269 358269 0 0 0 1222564 1027120 192381 3063 541999 37746 162895 341358 0 352346 224060 123205 5081 0 4937801 4236840 700961 1003702 722872 249636 31194 0 291421 203128 64164 24129 57532 27851 29681 0 1136401 647074 489327 358142 69331 288811 STUDENT SERVICE BY OTHER INST. 1381538 1094155 287383 MAINTENANCE 668954 2970 665984 STUDENT AWARDS & MISC 908468 895880 11364 1224 INSTRUCTIONAL & RESEARCH SUPPL 855229 697133 78823 79273 2942338 1399523 1491827 50988 104043349 94022125 9011245 1009979 X 0 0 4217301 3821416 0 0 657022 565244 0 0 0 0 0 0 460893 213926 2894515 4967592 14180624 6382393 7376345 7798231 0 0 11166738 17021321 0 0 0 0 425546 384949 27198360 34772679 3050354 3474849 0 0 884751 1369699 0 0 0 0 0 0 1252402 1155709 0 0 915345 474568 6102852 6474825 X 20335584 27733464 759924 564390 0 0 21095508 28297854 27198360 34772679 X 7182158 234115 -213927 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1488 1488 false Schedule C, Part II-B VCOM ENGAGED IN INDIRECT LOBBYING ACTIVITIES THROUGH MEMBERSHIP DUES PAID TO THE VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION (VHHA) AND THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV). 1289203 1289203 2220877 46750 2174127 2649673 1778674 870999 8020871 4556969 3463902 7798231 3206984 C MUTUAL FUNDS 5345335 F EQUITY SECURITIES 3159915 F FIXED INCOME 5309087 F 17021321 0 CAPITAL LEASE OBLIGATION 474568 474568 X 51579699 234115 234115 51345584 59879923 59879923 111225507 44377354 213927 213927 44163427 59879922 59879922 104043349 Part X, line 2 The College has analyzed filing positions in all of the federal and state jurisdictions where it is required to file income tax returns, including its status as a tax exempt entity. The only periods subject to examination for federal and state tax returns are for taxable years ended June 30, 2011 through June 30, 2014. The College believes its income tax filing positions, including its status as a tax exempt entity, will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position. Therefore, no reserves for uncertain tax positions, nor interest and penalties, have been recorded in these financial statements. PART XI LINE 4B THIS LINE REPRESENTS $59,819,648 IN FINANCIAL ASSISTANCE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION NOT INCLUDED IN REVENUE IN THE FINANCIAL STATEMENTS. THIS AMOUNT ALSO INCLUDES $60,275 OF INTERNAL SCHOLARSHIPS AWARDED BY VCOM, WHICH IS PRESENTED AS A REDUCTION OF REVENUE IN THE FINANCIAL STATEMENTS. Part XII line 4b The Financial Statements do not include the $59,819,648 of FEDERAL FINANCIAL ASSISTANCE PAID TO ELIGIBLE STUDENTS. additionallY, THE $60,275 OF INTERNAL SCHOLARSHIPS PAID TO ELIGIBLE STUDENTS ARE NETTED AGAINST REVENUE IN THE FINANCIAL STATEMENTS. LASTLY, THIS LINE INCLUDES $1 OF ROUNDING DIFFERENCES. Part XII Line 2d The Financial Statements include a reversal of a pledge in the amount of $213,927. true true true true true true true false false false false false false false false true false true Schedule E Line 3 The nondiscriminatory policy is included in the college catalog/student handbook, both of the College's faculty and staff handbooks, as well as the college's website. The college also publicizes its nondiscriminatory policy through the media each calendar year. Schedule E Line 6a VCOM receives research grants sponsored by U.S. agencies and direct loans funded by the U.S. Department of Education. Central America and the Caribbean Program Services Operations of Clinics 246043 246043 246043 false false false false false false GOLF TOURNAMENT 21914 21914 965 6222 2848 284 0 21914 21914 965 6222 2848 284 10319 11595 true Grants and Scholarships to Students 1061 59879923 FMV Schedule I Part 1 Line 2 The college maintains records to ensure direct loans are awarded to eligible students in compliance with federal financial aid regulations, or donor restrictions for externally funded scholarships or college criteria for internally funded scholarships. X false true X X false false false false false false false false false DR DIXIE TOOKE-RAWLINS DO PROVOST/FOUNDING DEAN 411708 0 100 0 3564 0 49200 0 10705 0 475277 0 0 0 DR JAMES F WOLFE PhD President 240797 0 100 0 10172 0 27675 0 0 0 278744 0 0 0 JAN WILCOX DO VICE DEAN 262208 0 100 0 26564 0 34500 0 10705 0 334077 0 0 0 WARD STEVENS OMNEE Executive Director 197861 0 100 0 3384 0 25111 0 19597 0 246053 0 0 0 GUNNAR BROLINSON DO ASSOCIATE DEAN 219600 0 100 0 25244 0 29568 0 18094 0 292606 0 0 0 JAMES POWERS DO ASSOCIATE DEAN 225840 0 100 0 17973 0 27144 0 20196 0 291253 0 0 0 FREDERIC RAWLINS DO Associate Dean 219145 0 100 0 25244 0 29568 0 2500 0 276557 0 0 0 TIMOTHY KOWALSKI DO VICE DEAN 258466 0 100 0 25322 0 34200 0 10705 0 328793 0 0 0 RONALD JANUCHOWSKI DO ASSOCIATE DEAN 188622 0 100 0 1594 0 23526 0 18917 0 232759 0 0 0 MARK HAMRIC CHIEF FINANCIAL OFFICER 166374 0 100 0 19922 0 23236 0 20897 0 230529 0 0 0 RUSSELL HENDERSHOT DO CLINICAL TEACHING FACULTY 182619 0 500 0 2986 0 22988 0 18997 0 228090 0 0 0 STUART WILLIAMS DO CLINICAL TEACHING FACULTY 160425 0 100 0 24653 0 22677 0 12055 0 219910 0 0 0 DAVID HARDEN DO CLINICAL TEACHING FACULTY 147104 0 100 0 23889 0 20982 0 10640 0 202715 0 0 0 JOHN LUCAS DO ASSOCIATE DEAN 301000 0 100 0 493 0 27634 0 13621 0 342848 0 0 0 PAUL K SWITZER MD ASSOCIATE DEAN 212033 0 100 0 1932 0 25452 0 2000 0 241517 0 0 DANIEL DAY DO CLINICAL TEACHING FACULTY 184234 0 0 0 1154 0 19680 0 9850 0 214918 0 0 0 PART I, LINE 1B VCOM DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. VCOM PAID SOCIAL CLUB DUES ON BEHALF OF ITS PRESIDENT, JAMES WOLFE, TO EXPAND THE FACILITIES AVAILABLE TO VCOM WHEN HOLDING BUSINESS MEETINGS. VCOM HAS FOLLOWED THE IRS REGULATIONS REGARDING TAXABLE FRINGE BENEFITS. ACCORDINGLY, THE PRESIDENT'S COMPENSATION ON HIS FORM W-2 WILL BE INCREASED BY THE AMOUNT OF SOCIAL CLUB DUES PAID ON HIS BEHALF. Form 990 Part VI Sec. A Line 2 Two Board Members are spouses, and the Provost and Founding Dean and an associate dean are spouses. Moreover, a Board Member/Officer and another Officer are partners at the same law firm. FORM 990 PART VI SEC. A LINE 3 THE POST GRADUATE AFFAIRS DIVISION ON THE CAROLINAS CAMPUS IS OPERATED BY PROVIDIA HEALTH CARE, WHICH FUNCTIONS AS AN INDEPENDENT CONTRACTOR. FORM 990 PART VI SEC. A LINE 7A ALL DIRECTORS SHALL BE APPOINTED, FROM TIME TO TIME, BY THE SOLE MEMBER, THE HARVEY W. PETERS RESEARCH FOUNDATION FORM 990 PART VI SEC. B LINE 11 THE BOARD REVIEWED A DRAFT OF THE FORM 990 DURING A BOARD MEETING ON 11/10/2014 AND SUBSEQUENTLY REVIEWED CHANGES PRIOR TO FILING. MARK HAMRIC, CFO, AND DIXIE TOOKE-RAWLINS, PROVOST AND FOUNDING DEAN, REVIEWED THE DRAFT OF THE FORM 990 IN ADVANCE OF THE BOARD MEETING AND DISCUSSED QUESTIONS AND PROPOSED MODIFICATIONS WITH THE TAX RETURN PREPARER, WHO SUBSEQUENTLY UPDATED THE FORM 990. FORM 990 PART VI SEC. B LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE, SIGN AND DATE A CONFLICT OF INTEREST STATEMENT IDENTIFYING POSSIBLE CONFLICTS OF INTEREST. MARK HAMRIC, CFO, INITIATES AN ANNUAL SURVEY EVERY SPRING FOR BOARD MEMBERS AND EMPLOYEES. THE FORMS ARE COLLECTED AND REVIEWED BY THE CFO FOR ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990 PART VI SEC. B LINE 15A & B VCOM PERFORMED A SALARY SURVEY IN FY11 AND INTENDS TO PERFORM ONE DURING FY15 AND EVERY THREE YEARS THEREAFTER. THE SALARY SURVEY IS CONDUCTED BY VCOM HUMAN RESOURCES LEADERSHIP. HUMAN RESOURCES LEADERSHIP ANALYZES DATABASES WITH SALARY INFORMATION (EG, VIRGINIA TECH AND OTHER PUBLIC UNIVERSITIES) AND REVIEWS SIMILAR SCHOOLS' FORM 990S IN GUIDESTAR. THEY ALSO REVIEW A SURVEY CONDUCTED BY THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES. THE DELIVERABLE PRODUCED IS A REPORT BY POSITION WHICH INCLUDES A SALARY RECOMMENDATION WITH COMPARISON TO DATA FOUND DURING THE SURVEY. THE REPORT IS REVIEWED BY THE PRESIDENT AND PROVOST. THE BOARD CHAIRMAN REVIEWS SALARIES OF KEY EMPLOYEES. THE BOARD APPROVES SALARIES OF THE PRESIDENT, EXECUTIVE VP, AND DEAN. FORM 990 PART VI SEC. C LINE 19 REQUESTS WILL BE EVALUATED BY EXECUTIVE MANAGEMENT OF THE COLLEGE. REQUESTS FOR A VALID BUSINESS PURPOSE GENERALLY ARE HONORED. MOST FINANCIAL INFORMATION IS AVAILABLE IN THE FORM 990. FORM 990 PART VIII LINE 1E LINE 1E REPRESENTS FEDERAL FINANCIAL AID RECEIVED FROM THE US DEPARTMENT OF EDUCATION. FORM 990 PART IX LINE 2 LINE 2 INCLUDES ALL GRANTS AND ASSISTANCE PROVIDED TO INDIVIDUALS IN THE UNITED STATES. THIS $59,819,648 CONSISTS OF FINANCIAL AID PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION. ADDITIONALLY, THIS AMOUNT ALSO INCLUDES $60,275 OF INTERNAL SCHOLARSHIPS AWARDED BY VCOM. FORM 990 PART XI LINE 9 LINE 9 CONSISTS OF $(213,927) REVERSAL OF PLEDGE. 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