2012-12-18T15:03:43-06:00 2012-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-07-01 237190271 AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE AMER 3019684100 5550 FRIENDSHIP BOULEVARD NO 310 CHEVY CHASE MD 208157231 STEPHEN C SHANNON DO MPH 3019684100 2012-12-18 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-02-24 21:20:13Z AACOM STEPHEN C SHANNONDOMPH 5550 FRIENDSHIP BOULEVARD NO 310 CHEVY CHASE MD 208157231 10052231 0 X WWW.AACOM.ORG X 1970 IL THE AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE (AACOM) PROMOTES EXCELLENCE IN OSTEOPATHIC MEDICAL EDUCATION, IN RESEARCH AND IN SERVICE, AND FOSTERS INNOVATION AND QUALITY AMONG OSTEOPATHIC MEDICAL COLLEGES TO IMPROVE THE HEALTH OF THE AMERICAN PUBLIC. FOUNDED IN 1898, AACOM REPRESENTS THE ADMINISTRATION, FACULTY AND STUDENTS OF ALL OF THE OSTEOPATHIC MEDICAL COLLEGES IN THE UNITED STATES. THE ASSOCIATION, GUIDED BY ITS BOARD OF DEANS AND VARIOUS OTHER MEMBER COUNCILS AND COMMITTEES, IS ACTIVELY INVOLVED IN ALL AREAS OF OSTEOPATHIC MEDICAL EDUCATION. NATIONAL-LEVEL SERVICES PROVIDED BY AACOM INCLUDE:A UNIFIED VOICE - AACOM SERVES AS THE UNIFYING VOICE FOR THE NATION'S COLLEGES OF OSTEOPATHIC MEDICINE, REPRESENTING THEIR COLLECTIVE INTERESTS THROUGH PROACTIVE ADVOCACY AT THE FEDERAL GOVERNMENT LEVEL AND COLLABORATION WITH OTHER ALLIED ORGANIZATIONS. 30 30 37 32 22465 10818 0 29140 6606552 7228305 619294 236580 44791 48981 7270637 7543006 53460 69281 0 0 3393819 3569396 0 0 702 2430679 2969148 5877958 6607825 1392679 935181 14995265 16039997 3369430 3645131 11625835 12394866 X THE PRIMARY EXEMPT PURPOSE OF THE AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE (AACOM) IS THE ADVANCEMENT AND ENRICHMENT OF EDUCATION IN OSTEOPATHIC MEDICINE AND THE OSTEOPATHIC PROFESSION. 0 0 1311646 5991899 CENTRALIZED STUDENT APPLICATION SERVICE - THE AACOM APPLICATION SERVICE (AACOMAS) PROCESSES APPLICATIONS FOR STUDENTS APPLYING TO U.S. OSTEOPATHIC MEDICAL COLLEGES. AACOMAS SIMPLIFIES THE APPLICATION PROCESS FOR STUDENT APPLICANTS, ALLOWING THEM TO APPLY TO SEVERAL MEDICAL SCHOOLS WITH A SINGLE COMMON APPLICATION. THE CENTRALIZED SERVICE ALSO STANDARDIZES AND SIMPLIFIES THE APPLICATION REVIEW PROCESS FOR AACOM MEMBER COLLEGES BY VERIFYING APPLICATION DATA. DURING FISCAL YEAR 2012, 25 COLLEGES AND 4 BRANCH CAMPUSES, AND APPROXIMATELY 15,176 STUDENT APPLICANTS, BENEFITED. AACOMAS WORKS TO DEVELOP AWARENESS ABOUT OSTEOPATHIC MEDICINE AMONG POTENTIAL MEDICAL SCHOOL APPLICANTS THROUGH RECRUITMENT PROGRAMS AND ACTIVITIES, AND SUPPORTS AND WORKS IN COLLABORATION WITH COLLEGE AND PROGRAM ADMISSIONS AND STUDENT SERVICES OFFICERS. 759120 1025 OFFICE OF MEDICAL EDUCATION - THE AACOM OFFICE OF MEDICAL EDUCATION WORKS WITH THE MEMBER COLLEGES TO PROMOTE EXCELLENCE IN OSTEOPATHIC MEDICAL EDUCATION THROUGHOUT THE EDUCATIONAL CONTINUUM. THE DEPARTMENT DEVELOPS AND PROVIDES INFORMATION, RESOURCES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR OSTEOPATHIC MEDICAL EDUCATORS, ADMINISTRATORS AND RESEARCHERS, AND PROMOTES COLLABORATION AMONG THESE KEY STAKEHOLDERS. THE DEPARTMENT ALSO PROVIDES GRANTS FOR MEDICAL EDUCATION RESEARCH AND INSTITUTIONAL RESEARCH, AND ADMINISTERS THE NATIONAL ACADEMY OF OSTEOPATHIC MEDICAL EDUCATORS, WHICH RECOGNIZES AND SUPPORTS ACADEMIC EXCELLENCE AND SCHOLARSHIP IN THE OSTEOPATHIC MEDICAL EDUCATION PROFESSION. DEPARTMENT STAFF SUPPORT AND WORK IN COLLABORATION WITH THE FACULTY, RESEARCHERS AND STUDENT LEADERS AT THE MEMBER COLLEGES. 720536 16694 COMMUNICATIONS AND MARKETING - AACOM'S DEPARTMENT OF COMMUNICATIONS AND MARKETING COMMUNICATES AND PROMOTES THE DISTINCTIVE CHARACTERISTICS AND BENEFITS OF OSTEOPATHIC MEDICAL EDUCATION TO THE MEDIA AND GENERAL PUBLIC THROUGH ELECTRONIC AND PRINT PUBLICATIONS, VIDEOS, THE WEBSITE, AND SOCIAL MEDIA OUTLETS. THE DEPARTMENT DEVELOPS AND DISTRIBUTES REGULAR COMMUNICATIONS REGARDING THE WORK OF THE ASSOCIATION, ITS MEMBER COLLEGES AND THE BROADER OSTEOPATHIC MEDICAL COMMUNITY, AND COORDINATES A VARIETY OF MEMBER ACTIVITIES, INCLUDING AN ANNUAL MEETING THAT ATTRACTED 500 PARTICIPANTS THIS YEAR, AND ANNUAL PUBLICATION OF THE COLLEGE INFORMATION BOOK, WHICH INCLUDES INFORMATION ABOUT ALL OF THE MEMBER COLLEGES. DEPARTMENT STAFF WORK IN COLLABORATION WITH THE PUBLIC RELATIONS, MARKETING, AND DEVELOPMENT AND ALUMNI RELATIONS PROFESSIONALS AT THE MEMBER COLLEGES. 695841 OFFICE OF GOVERNMENT RELATIONS - THE AACOM OFFICE OF GOVERNMENT RELATIONS REPRESENTS THE ASSOCIATION'S CONSTITUENTS TO CONGRESS AND FEDERAL POLICY MAKERS IN LEADING THE ASSOCIATION'S CONGRESSIONAL AND FEDERAL POLICY ADVOCACY EFFORTS. THE OFFICE KEEPS CONSTITUENTS REGULARLY INFORMED OF FEDERAL POLICY AND REGULATORY DEVELOPMENTS IN OSTEOPATHIC MEDICAL EDUCATION AND THE OSTEOPATHIC MEDICAL EDUCATION COMMUNITY, SENSITIZES POLICY MAKERS TO THE NEEDS OF STUDENTS AND OSTEOPATHIC MEDICAL EDUCATORS, AND WORKS IN CONCERT WITH VARIOUS NATIONAL ORGANIZATIONS AND COALITIONS TO INFLUENCE BOTH LEGISLATIVE AND REGULATORY ISSUES RELEVANT TO OSTEOPATHIC MEDICAL EDUCATION. GOVERNMENT RELATIONS STAFF SUPPORT AND WORK IN COLLABORATION WITH THE BOARD OF DEANS, GOVERNMENT RELATIONS REPRESENTATIVES, FINANCIAL AID OFFICERS AND STUDENT LEADERS AT THE COLLEGES. 508985 RESEARCH - AACOM'S RESEARCH DEPARTMENT COLLECTS AND ANALYZES STATISTICAL AND OTHER DATA ON OSTEOPATHIC MEDICAL EDUCATION, INCLUDING DATA ON STUDENTS, FACULTY, CURRICULA AND SERVICE AT THE COLLEGES OF OSTEOPATHIC MEDICINE. THE DEPARTMENT PROVIDES THESE DATA TO THE MEMBER COLLEGES, HEALTH POLICY MAKERS, MEMBERS OF CONGRESS AND THE GENERAL PUBLIC. 219448 257092 ANNUAL MEETING 68281 68281 30100 SCHOLARSHIPS AND RESEARCH GRANTS 85134 11432 COUNCIL OF STUDENT GOVERNMENT PRESIDENTS (COSGP) 79210 OME BLUE RIBBON COMMISSION 25553 OTHER MISCELLANEOUS PROJECTS 1682452 68281 298624 4473754 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 37 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X JOHN E ROANE CHIEF OPERATING OFFICER 3019684144 5550 FRIENDSHIP BOULEVARD NO 310 CHEVY CHASE MD 208157231 ANTHONY J SILVAGNI DO PHARMD 3.00 X X 0 0 0 MARC B HAHN DO 3.00 X X 0 0 0 KENDALL REED DO 3.00 X X 0 0 0 CLINTON E ADAMS DO MPA 2.00 X 0 0 0 THOMAS A SCANDALIS DO 2.00 X 0 0 0 BOYD R BUSER DO 1.00 X 0 0 0 JACK BROSE DO 2.00 X 0 0 0 THOMAS A CAVALIERI DO 1.00 X 0 0 0 MICHAEL B CLEARFIELD DO 1.00 X 0 0 0 BRUCE D DUBIN DO JD 1.00 X 0 0 0 PAUL EVANS DO 1.00 X 0 0 0 SILVIA M FERRETTI DO 1.00 X 0 0 0 ROBERT B GOLDBERG DO 1.00 X 0 0 0 DARIN L HAUG DO 1.00 X 0 0 0 JOHN M KAUFFMAN JR DO 1.00 X 0 0 0 LORI A KEMPER DO MS 1.00 X 0 0 0 CRAIG J LENZ DO 1.00 X 0 0 0 DARRELL E LOVINS DO MPH 1.00 X 0 0 0 THOMAS E MCWILLIAMS DO 1.00 X 0 0 0 THOMAS MOHR DO 1.00 X 0 0 0 KAREN J NICHOLS DO MA 1.00 X 0 0 0 LORENZO L PENCE DO 1.00 X 0 0 0 DON N PESKA DO 1.00 X 0 0 0 ROBYN PHILLIPS-MADSON DO MPH 1.00 X 0 0 0 KAYSE M SHRUM DO 1.00 X 0 0 0 RAY E STOWERS DO 1.00 X 0 0 0 WILLIAM D STRAMPEL DO 1.00 X 0 0 0 JEFFREY A SUZEWITS DO MPH 1.00 X 0 0 0 DIXIE TOOKE-RAWLINS DO 1.00 X 0 0 0 KENNETH J VEIT DO MBA 1.00 X 0 0 0 D KEITH WATSON DO 1.00 X 0 0 0 MARGARET A WILSON DO 1.00 X 0 0 0 STEPHEN C SHANNON DO MPH 37.50 X 404561 0 30444 NANCY C CIOFFARI 37.50 X 210450 0 30444 THOMAS LEVITAN MED 37.50 X 174030 0 30954 WENDY FERNANDO 37.50 X 158899 0 30444 TYLER CYMET DO 37.50 X 154352 0 28244 LINDA R HEUN PHD 37.50 X 138638 0 30444 PAMELA A MURPHY MSW 37.50 X 136088 0 10806 1377018 0 191780 7 0 1 0 INTERFOLIO INC 1900 L ST NW WASHINGTON DC 20036 APPLICATION SOFTWARE SUPPORT AND MAINTEN 230000 AMERICAN TECHNOLOGY SERVICES INC 2751 PROSPERITY AVE 6TH FLR FAIRFAX VA 22031 TECHNOLOGY SUPPORT 148604 CAVAROCCHI RUSCIO DENNIS LLC 600 MD AVE SW SUITE 835W WASHINGTON DC 20024 LOBBYING/LEGIS. 132596 3 29140 29140 STUDENT APPLICATION FE 900099 5991899 5991899 MEMBERSHIP DUES 900099 979314 979314 ANNUAL MEETING 900099 257092 195655 7687 53750 7228305 233295 233295 2512510 2509225 3285 3285 3285 OTHER INCOME 900099 34348 145 34203 JOB PLACEMENT ADVERTIS 900004 14633 14633 48981 7543006 7166868 22465 324533 69281 69281 1273667 695206 577759 702 1712142 1386383 325759 135645 108322 27323 246343 311938 -65595 201599 150309 51290 174818 4894 169924 26000 26000 135896 135896 58088 58088 321536 128418 193118 44394 44394 127345 61026 66319 535286 270306 264980 453620 320402 133218 182874 100892 81982 380222 325262 54960 174635 78567 96068 25943 25943 CREDIT CARD SERVICES 141384 141384 DUES, MEMBERSHIPS AND S 91106 52872 38234 RECRUITMENT 54474 54474 MISCELLANEOUS EXPENSES 21758 13759 7999 19769 19769 6607825 4473754 2133369 702 100 100 1384041 8220109 106288 34486 275619 400525 1809213 1172253 597574 636960 12122843 6164384 508800 583433 14995265 16039997 788599 555422 1770579 2233045 810252 856664 3369430 3645131 X 11530299 12299039 17762 18053 77774 77774 11625835 12394866 14995265 16039997 X 935181 -166150 X 0 1 1 X 0 X 798787 860688 885108 953766 979314 4477663 4204239 4639496 4930271 5680231 6278107 25732344 5003026 5500184 5815379 6633997 7257421 30210007 0 0 0 30210007 409568 342832 298730 241164 233295 1525589 607 607 409568 342832 299337 241164 233295 1526196 5412594 5843016 6114716 6875161 7490716 31736203 0.95190 0.94260 0.04810 0.05740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4759 456736 461495 6135383 6596878 479844 119961 0 0 416204 433522 443898 479844 1773468 2660202 289524 352663 405204 461495 1508886 104051 108381 110975 119961 443368 665052 1612 8872 1125 4759 16368 6997008 1927863 960 669 996873 7928289 6352585 907273 1724 264574 6997008 7387614 716559 4002 7032 1748558 6352585 7437670 791213 5164 13000 833433 7387614 0.98640 0.01110 0.00250 0 0 739639 359186 380453 525596 457004 68592 543978 356063 187915 636960 DEFERRED COMPENSATION 583433 DEFERRED RENT 273231 856664 7543006 6607825 935181 -166150 -166150 769031 7318768 -166150 -166150 7484918 58088 58088 7543006 6549737 0 6549737 58088 58088 6607825 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: AACOM HAS DESIGNATED CERTAIN NET ASSETS FOR SPECIFIC PURPOSES. AMOUNTS DESIGNATED MAY BE EXTENDED, ADJUSTED, OR RE-DESIGNATED AT THE DISCRETION OF THE BOARD OF DEANS. IN DECEMBER 2004, AACOM IMPLEMENTED ITS RESERVE LEVEL AND SPENDING POLICIES BY REALLOCATING FUNDS FROM THE GENERAL FUND TO A BOARD DESIGNATED RESERVE FUND, A PROJECT CONTINGENCY FUND, AND AN OPERATING CONTINGENCY FUND IN ACCORDANCE WITH THE POLICY GUIDELINES. PERMANENTLY RESTRICTED FUNDS OF $77,774 AT JUNE 30, 2012 AND 2011, ARE COMPRISED OF THE SHERRY R. ARNSTEIN MINORITY STUDENT SCHOLARSHIP FUND, WHICH ASSISTS MINORITY STUDENTS AT MEMBER COLLEGES. THE INCOME EARNED ON THE PERMANENTLY RESTRICTED FUNDS IS TEMPORARILY RESTRICTED FOR SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AACOM IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, AACOM QUALIFIES FOR CHARITABLE CONTRIBUTIONS DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. BUSINESS INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. AACOM HAD NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, FOR WHICH IT PAID $4,392 AND $20 IN INCOME TAXES, RESPECTIVELY. ON JULY 1, 2009, AACOM ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, AACOM MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. AACOM IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS, AND THEREFORE, NO TAX LIABILITIES HAVE BEEN RECORDED AS OF JUNE 30, 2012, OR ANY RELATED INTEREST AND PENALTIES INCLUDED IN THE BALANCE SHEETS OR STATEMENTS OF ACTIVITIES. GENERALLY, AACOM IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR MARYLAND TAX AUTHORITIES FOR YEARS BEFORE 2009. 1 MINORITY STUDENT SCHOLARSHIPS 4 10000 GRANTS TO RESEARCHERS 8 58281 STUDENT DO AWARD/SCHOLARSHIP 1 1000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: QUARTERLY PROJECT PROGRESS AND FINANCIAL REPORTS ARE REQUIRED FOR THE 18 MONTH MEDICAL EDUCATION AND INSTITUTIONAL RESEARCH GRANTS. A FINAL PROJECT SUMMARY IS REQUIRED TO BE SUBMITTED TO AACOM AT THE END OF THE GRANT PERIOD. THE MINORITY STUDENT SCHOLARSHIP IS MADE ANNUALLY TO UNDERPREPRESENTED MINORITY STUDENTS AT AN AACOM MEMBER COLLEGE OF OSTEOPATHIC MEDICINE. FOUR SCHOLARSHIPS OF $2,500 EACH WERE AWARDED DURING THE 2012 FISCAL YEAR. APPLICANTS FOR THE SCHOLARSHIP MUST BE UNDERREPRESENTED MINORITY STUDENTS ENROLLED AND IN GOOD STANDING ACADEMICALLY AT AN AACOM MEMBER COLLEGE OF OSTEOPATHIC MEDICINE. THE DEFINITION OF AN "UNDERREPRESENTED MINORITY GROUP" WILL BE THE FEDERAL GOVERNMENT'S CURRENT DEFINITION. ALL UNDERREPRESENTED MINORITY STUDENTS WILL BE ENCOURAGED TO SUBMIT A 750 WORD ESSAY ON (1) WHAT OSTEOPATHIC MEDICAL SCHOOLS MIGHT DO TO RECRUIT/RETAIN MORE UNDERREPRESENTED MINORITY STUDENTS; (2) WHAT THE APPLICANT PERSONALLY PLANS TO DO AS A STUDENT AND AS A FUTURE D.O. TO HELP INCREASE MINORITY STUDENT ENROLLMENT AT A COLLEGE OF OSTEOPATHIC MEDICINE; AND (3) HOW AND WHY THE APPLICANT WAS DRAWN TO OSTEOPATHIC MEDICINE. ESSAYS RECEIVED WILL BE REVIEWED BY THE AACOM SENIOR STAFF OR A TASK FORCE WHO WILL SELECT THE BEST ESSAYS. THE SELECTED ESSAYS WILL BE FORWARDED TO THE BOARD OF DEANS OR THE TASK FORCE ON MINORITY AFFAIRS, WHICH WILL SELECT THE WINNING ESSAY (OR ESSAYS) AND NOTIFY THE WINNER'S SCHOOL(S) OF THE SCHOLARSHIP. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 STEPHEN C SHANNON DO MPH 374599 0 18333 0 11629 0 22000 0 12892 0 439453 0 0 0 NANCY C CIOFFARI 202197 0 6500 0 1753 0 22000 0 13817 0 246267 0 0 0 THOMAS LEVITAN MED 168491 0 4500 0 1039 0 22000 0 13482 0 209512 0 0 0 WENDY FERNANDO 154605 0 4000 0 294 0 22000 0 13758 0 194657 0 0 0 TYLER CYMET DO 150307 0 3500 0 545 0 16500 0 15957 0 186809 0 0 0 LINDA R HEUN PHD 134439 0 3500 0 699 0 22000 0 11860 0 172498 0 0 0 PART I, LINE 1A FICA GROSS-UP PAYMENT FOR HOLIDAY AND OTHER GIFT CERTIFICATES GIVEN TO EMPLOYEES STEPHEN C. SHANNON, DO, MPH, AIRLINE CLUB DUES, $375, TAXABLE, CAR ALLOWANCE, $7,800, TAXABLE TYLER CYMET, DO, HEALTH CLUB DUES, $344, TAXABLE ORGANIZATION'S MISSION PAGE 1, PART I, LINE 1 (CONT.) INNOVATION, COLLABORATION AND COMMUNITY - AACOM WORKS TO FOSTER COLLABORATION AND INNOVATION AMONG ITS MEMBER COLLEGES IN NUMEROUS AREAS INCLUDING ADMINISTRATION, EDUCATION, RESEARCH AND SERVICE. CENTRALIZED SERVICES - AACOM PROVIDES CENTRALIZED SERVICES INCLUDING DATA COLLECTION AND ANALYSIS AND OPERATION OF AACOMAS, THE NATION'S ONLINE APPLICATION SERVICE FOR STUDENTS APPLYING TO U.S. OSTEOPATHIC MEDICAL SCHOOLS. ENHANCED AWARENESS - AACOM DEVELOPS NATIONAL INITIATIVES TO PROMOTE AND RAISE AWARENESS OF OSTEOPATHIC MEDICAL EDUCATION AND OSTEOPATHIC MEDICINE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE (AACOM) CONSIST OF COLLEGES OF OSTEOPATHIC MEDICINE WHICH ARE PROVISIONALLY OR FULLY ACCREDITED BY THE AMERICAN OSTEOPATHIC ASSOCIATION COMMISSION ON OSTEOPATHIC COLLEGE ACCREDITATION AND WHO ARE ELECTED TO COLLEGE MEMBERSHIP BY A MAJORITY VOTE OF THE BOARD OF DEANS. THE BOARD OF DEANS IS THE GOVERNING BODY WHICH DETERMINES THE POLICIES AND MANAGES THE AFFAIRS AND ACTIVITIES OF AACOM. FORM 990, PART VI, SECTION B, LINE 11 THE VP FOR FIN & ADMIN/CFO ASSISTS THE TAX PREPARER IN PROVIDING INFORMATION FOR THE 990. THE DRAFT IS REVIEWED BY THE VP, AND THEN PRESENTED FOR REVIEW DURING A MEETING OF THE AUDIT COMMITTEE. IT IS POSSIBLE THE AUDIT COMMITTEE WILL SUGGEST CHANGES. THE AUDIT COMMITTEE CHAIR THEN REPORTS ON THE 990 TO THE EXECUTIVE COMMITTEE. EITHER BEFORE OR AFTER THE AUDIT COMMITTEE CHAIR REPORTS TO THE EXECUTIVE COMMITTEE, BASED ON TIMING, THE BOARD OF DEANS IS INFORMED THAT THE 990 IS AVAILABLE FOR REVIEW ON A SECURE SITE ON AACOM'S WEBSITE. THIS IS DONE PRIOR TO FILING THE 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE AN INQUIRY/ACTION FORM ANNUALLY WHERE POTENTIAL CONFLICTS OF INTEREST ARE REPORTED. PERCEIVED OR ACTUAL CONFLICTS OF INTEREST ARE ADDRESSED WITH BOARD MEMBERS BY THE ETHICS COMMITTEE CHAIR. ETHICS COMMITTEE MEETINGS ARE HELD TO REVIEW ANY POTENTIAL CONFLICTS OF INTEREST BROUGHT TO THE ATTENTION OF THE ETHICS COMMITTEE BY THE ETHICS COMMITTEE CHAIR. THE ETHICS COMMITTEE DOCUMENTS THE POTENTIAL CONFLICTS, THE RESULTS OF THEIR REVIEW, AND DISPOSITION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AACOM EMPLOYED AN OUTSIDE CONSULTING FIRM TO CONDUCT A COMPENSATION ANALYSIS OF THE SALARY AND FRINGE BENEFITS OF THE PRESIDENT / CEO IN JULY 2012. DATA FROM COMPARABLE ORGANIZATIONS AND FROM STUDIES AND REPORTS WERE USED IN THE ANALYSIS. THE COMPENSATION COMMITTEE REVIEWED THE RESULTS OF THE STUDY AND IMPLEMENTED THE FIRM'S RECOMMENDATIONS ON JULY 1, 2012. THE SALARIES OF OFFICERS AND KEY EMPLOYEES ARE REVIEWED PERIODICALLY BY ANOTHER OUTSIDE CONSULTING FIRM. THE LAST SALARY STUDY FOR THESE EMPLOYEES WAS CONDUCTED IN DECEMBER 2010 AND IMPLEMENTED ON JULY 1, 2011. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -166,150.