2012-05-09T09:19:43-04:00 2011-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2010-07-01 260812968 The Commonwealth Medical College COMM 5705047000 525 PINE STREET SCRANTON PA 18509 Dr Lois Margaret Nora 5705047000 2012-05-07 true 2155614200 2010 2016-02-24 21:20:13Z X LOIS MARGARET NORA 525 PINE STREET SCRANTON PA 18509 64258235 false X WWW.THECOMMONWEALTHMEDICAL.COM 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. 9 3 238 871 0 0 33328066 56667845 3447813 7194742 77975 68058 120480 76126 36974334 64006771 1552200 1560877 0 0 16462318 18743413 15600 31200 543771 9514713 11250886 27544831 31586376 9429503 32420395 85893360 112969720 58426408 52387229 27466952 60582491 X THE COMMONWEALTH MEDICAL COLLEGE (TCMC) IS A REGIONAL, COMMUNITY-BASED, INDEPENDENT MEDICAL SCHOOL COMMITTED TO CREATING PATIENT-CENTERED PHYSICIANS WHO WILL POSSESS THE SKILLS NEEDED FOR THE 21ST CENTURY MEDICAL PRACTICE. TCMC IS DISTINGUISHED BY ITS INNOVATIVE CURRICULUM THAT UTILIZES TEAM AND CASE-BASED LEARNING, AN EARLY EXPOSURE TO COMMUNITY -BASED CLINICAL SETTINGS, MEDICAL SIMULATION, AND A LONGITUDINALLY INTEGRATED CLINICAL CLERKSHIP. TCMC HAS A DISTRIBUTIVE MODEL OF EDUCATION WITH THREE CLINICAL CAMPUSES (NORTH, SOUTH, AND WEST RESPECIVELY) IN THE SCRANTON, WILKES-BARRE AND WILLIAMSPORT AREAS WHICH SPAN BOTH URBAN AND RURAL SETTINGS. IN THESE REGIONS, TCMC PARTNERS WITH COMMUNITY HOSPITALS, RESIDENCY PROGRAMS AND PHYSICIANS TO PROVIDE STUDENTS AN EXCEPTIONAL AND DIVERSE CLINICAL EXPERIENCE. AT THE START OF THE FIRST YEAR CURRICULUM STUDENTS ARE ASSIGNED A MULTI-GENERATIONAL FAMILY TO FOLLOW THROUGH THE END OF THEIR MEDICAL SCHOOL CAREER. EACH STUDENT ALSO HAS A COMMUNITY PHYSI false false 13610171 1560877 6894742 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 THREE SEPARATE DEGREE PROGRAMS: - DOCTOR OF MEDICINE (MD) PROGRAM - MASTER OF BIOMEDICAL SCIENCE (MBS) PROGRAM - THE PROFESSIONAL SCIENCE MASTERS PROGRAM FOR THE MD PROGRAM, FROM THE VERY FIRST DAY OF THEIR MEDICAL EDUCATION, STUDENTS ARE PART OF THE COMMUNITY - THEY ARE ASSIGNED ONE OF THE REGIONAL CAMPUSES - NORTH, SOUTH, OR WEST IN THE SCRANTON, WILKES-BARRE OR WILLIAMSPORT AREAS. THEY ARE ALSO ASSIGNED A PHYSICIAN MENTOR AND ONE OF THE MOST INTERESTING PARTS OF THIS UNIQUE CURRICULUM IS THAT THE STUDENTS ARE ASSIGNED A MULTI-GENERATIONAL FAMILY FOR ALL FOUR YEARS OF THEIR EDUCATION. THEY FOLLOW THIS VOLUNTEER FAMILY TO REALLY LEARN AND UNDERSTAND MEDICINE FROM THE PATIENT PERSPECTIVE. STUDENTS GAIN EARLY CLINICAL EXPERIENCE AS THEY WORK WITH THEIR PHYSICIAN MENTOR DURING (3) ONE-WEEK ROTATIONS IN THE REGIONS IN BOTH YEAR 1 AND YEAR 2 OF THEIR EDUCATIONAL EXPERIENCE. AS A COMPONENT OF THE PHYSICIAN & SOCIETY COURSE, STUDENTS ALSO PARTICIPATE IN A COMMUNITY HEALTH RESEARCH PROJECT WITHIN THEIR RESPECTIVE REGIONS TO ENHANCE THE HEALTH OF THE REGIONAL CITIZENS. FOR THE MBS PROGRAM, THE CURRICULUM HAS BEEN DESIGNED TO PROVIDE STUDENTS WITH A UNIQUE, PERSONAL LEARNING EXPERIENCE TO ASSIST IN CAREER GOAL ACHIEVEMENT. SMALL CLASS SIZE AND A COMMITMENT TO STUDENT-CENTERED LEARNING ARE PARTNERED WITH INDIVIDUALIZED CAREER AND EDUCATION PLANNING SERVICES. THIS PROGRAM IS DIRECTED TOWARD STUDENTS THAT ARE EITHER SEEKING TO STRENGTHEN THEIR CREDENTIALS FOR APPLICATION TO MEDICAL SCHOOL OR A HEALTH PROFESSIONS SCHOOL, OR SEEKING A FOUNDATION IN BIOMEDICAL SCIENCES TO ENTER A CAREER IN PUBLIC HEALTH, SCIENTIFIC RESEARCH, EDUCATION OR BIOMEDICAL TECHNOLOGY. THE PROFESSIONAL SCIENCE MASTERS PROGRAM IS AN INTENSE 21-MONTH PROGRAM DESIGNED TO TRAIN STUDENTS TO MASTER THE TECHNIQUES NECESSARY TO COMPLETE BIOMEDICAL RESEARCH AND PREPARE THEM TO BECOME EXCELLENT TECHNICAL SPECIALISTS IN ACADEMIC AND CORPORATE SETTINGS. 4791497 0 300000 Research Programs - As a college that is just beginning its research initiative, the College is in the early stages of developing its infrastructure. The College's research programs are determined to focus on the needs of patient populations in Northeastern Pennsylvania, where increased incidences of some cancers, diabetes, cardiovascular and neurological diseases are strongly associated with an aging population. The College's programs support basic and clinical science through biomedical, behavioral, epidemiological and health sciencs research. 1795236 0 0 Student Affairs Activities focus on the support of individual students throughout their time at TCMC by supporting students learning and development inside and outside of the classroom. This is achieved through student involvement and leadership development opportunities that form an integral component of each student's educational experience. In addition, the office coordinates career planning activities for students. 20196904 true true false true false false true true true true false false false true true true false true false true false false true true false false false true true true false true false false false false false false false true true false false false false true true false false false true 91 0 true 238 true false false false false false true true false false false false X 9 3 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 5705049695 525 PINE STREET SCRANTON PA 18509 Robert D'Alessandri MD 80.0 X X 531638 0 70196 Robert Naismith PhD 2.0 X 0 0 0 Louis DeNaples 2.0 X X 0 0 0 Linda Thomas MD 2.0 X X 0 0 0 Thomas F Karam 2.0 X X 0 0 0 Denise S Cesare 1.0 X 0 0 0 John P Moses Esquire 1.0 X 0 0 0 James A Hallock MD 1.0 X 0 0 0 Murray Ufberg Esquire 1.0 X 0 0 0 Robert Wright MD 1.0 X 0 0 0 Lois Nora 65.0 X 0 0 0 Daniel Flynn PhD 57.0 X 284390 0 38952 Virginia A Hunt 65.0 X 231799 0 45866 Wayne Thompson 60.0 X 203684 0 33905 David Axler PhD 54.0 X 189210 0 17392 Janet Townsend MD 75.0 X 291310 0 41245 Valerie Weber 55.0 X 350758 0 43616 John Szarek 65.0 X 172146 0 28448 Raymond A Smego Jr MD MPH 65.0 X 240566 0 55215 Ida Castro JD 60.0 X 185667 0 23776 Maureen McLoud PhD 60.0 X 170654 0 28300 Linda Hogan PhD 45.0 X 165923 0 36530 Brian Campbell 50.0 X 160789 0 19960 James Geraghty 55.0 X 253456 0 55270 Gerald Litwack PhD 50.0 X 278863 0 28705 Paul Katz MD 65.0 X 254192 0 28675 John Monnier MBA CPA 55.0 X 150076 0 31731 4115121 0 627782 38 true true false The Quandel Group 4755 Linglestown Rd Suite 301 HARRISBURG PA 17112 CONSTRUCTION 41472526 Highland Associates 102 Highland Ave CLARKS SUMMITT PA 18411 Architect 916197 SSB Solutions 15 Venizia St NEW PORT BEACH CA 92657 Consulting Services 285308 SR Wojdac Assoc 200 S Broad St PHILADELPHIA PA 19102 Lobbying 174084 Susquehanna Physician Services 77 Rural Ave WILLIAMSPORT PA 17701 Professional Srvcs 100916 5 145950 28723264 27798631 26703710 56667845 TUITION AND FEES 611600 7194742 7194742 7194742 17499 0 0 17499 0 0 10500 10500 10500 10500 184201 5965 136912 2695 47289 3270 50559 50559 66391 145950 111857 -45466 -45466 0 0 PARKING 900099 51628 51628 COPYING 900099 7396 7396 LIBRARY 900099 16781 16781 35287 35287 111092 64006771 7194742 0 144184 0 1560877 1560877 0 0 3410237 1676219 1571064 162954 0 12061320 8347605 3514606 199109 1057419 590060 440714 26645 1294024 661969 606455 25600 920413 474163 425420 20830 1113289 136906 976383 140230 140230 102584 102584 239709 239709 31200 31200 0 826880 683242 142195 1443 60356 45523 14833 439063 366784 37352 34927 752890 547937 191796 13157 0 1310684 981742 328942 185252 116951 65230 3071 0 109702 81474 23783 4445 194159 141263 52896 0 3049470 2218689 830781 380329 276714 103615 BANK FEES 861629 861629 LIBRARY EXPENSES 504219 504219 LAB RESEARCH EXPENSES 384313 384313 MAINTENANCE AGREEMENTS 212510 201109 11401 STUDENT RECRUITING COSTS 142708 142708 240910 101960 133393 5557 31586376 20196904 10845701 543771 5600 2397216 3729204 1783159 3689936 12273896 78565 169929 1221528 1944402 95938907 3546214 69443153 92392693 7725374 2008425 85893360 112969720 13971858 9131322 1943842 1090259 39821931 39830703 0 547 52939 393703 2635838 1940695 58426408 52387229 X 18501459 56261712 8265493 3620779 700000 700000 27466952 60582491 85893360 112969720 X 32420395 695144 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 2012 false true 147434 149446 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1 The $2,012 in expenditures reported on Line 1(b) and 1(g) represent an allocation of the college's management's salary costs allocated as lobbying activities. Management met with legislators to provide updates on the status of the College's establishment. The College's $147,434 in expenditures reported on Line 1(i) represent fees paid pursuant to a contract with a consultant to lobby on behalf of the College by assisting with meeting with legislators to keep them informed of issues in health care and higher education and seek funding for the College. These expenditures also include a contract with a consultant for government relations services for which the full payments are included above. false true 716413 3033 2580 10245 706621 619448 100000 5151 8186 716413 608564 10884 619448 1.00000 false false 1762130 1762130 82048747 301508 81747239 99990 81860 18130 9086667 2198834 6887833 2941373 964012 1977361 92392693 0 INTEREST RATE SWAP 1940695 1940695 64006771 31586376 32420395 695144 695144 33115539 63275154 22259 807001 829260 62445894 1560877 1560877 64006771 30159615 22259 111857 134116 30025499 1560877 1560877 31586376 TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS SCHEDULE D, PART IV, LINE 2B The College is a custodian of an account for its student affiliated chapter of a national organization. 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 principal of $500,000 is intended to support general school operations. The College also received two $100,000 permanent endowments to fund future scholarships. INCOME TAXES Schedule D, Part X, Line 2 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 material uncertain tax positions. RECONCILIATION OF NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 695,144 RECONCILIATION OF REVENUES SCHEDULE D, PART XII LINE 2D - REVENUES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSES 111,857 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (LOSS) 695,144 ------- TOTAL 807,001 ======= LINE 4B - REVENUES ON RETURN NOT ON BOOKS SCHOLARSHIPS 1,560,877 --------- TOTAL LINE 4B 1,560,877 ========= RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII LINE 2D - EXPENSES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSES 111,857 LINE 4B - EXPENSES ON RETURN NOT ON BOOKS SCHOLARSHIPS 1,560,877 true true true true true true true false false false false false false false false true false true 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 has advertised its nondiscriminatory policy. Line 6a THE COMMONWEALTH MEDICAL COLLEGE RECOGNIZED REVENUE IN FY 2011 FROM THE COMMONWEALTH OF PENNSYLVANIA IN THE AMOUNT OF $27,038,683 AND FROM THE FEDERAL GOVERNMENT OF $1,684,578. X X X X X X X true RJS Associates Fundraising Counsel false 0 31200 -31200 0 31200 -31200 GALA - 2011 135280 107680 27600 62525 3000 2361 GOLF TOURNEY 71435 37100 34335 3550 32225 3300 1 5626 1170 4456 4896 212341 145950 66391 3550 94750 6300 7257 111857 -45466 true SCHOLARSHIPS 95 1560877 SCHEDULE I, PART I, LINE 2 The Commonwealth Medical College provides scholarship assistance to students admitted to the College. The first year class members each received a $20,000 scholarship as a member of the inaugural class of the medical school. TCMC also awards other scholarship assistance based on need. There is an extensive review process conducted by the financial aid office to determine the recipients of such 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 true false false false false false false false false Robert D'Alessandri MD 520537 0 0 0 11101 0 57216 0 12980 0 601834 0 0 0 Daniel Flynn PhD 283015 0 0 0 1375 0 22283 0 16669 0 323342 0 0 0 Virginia A Hunt 229643 0 0 0 2156 0 35197 0 10669 0 277665 0 0 0 Wayne Thompson 203119 0 0 0 565 0 16539 0 17366 0 237589 0 0 0 David Axler PhD 184343 0 0 0 4867 0 14764 0 2628 0 206602 0 0 0 Janet Townsend MD 288787 0 0 0 2523 0 23541 0 17704 0 332555 0 0 0 Valerie Weber 349716 0 0 0 1042 0 27289 0 16327 0 394374 0 0 0 John Szarek 170627 0 0 0 1519 0 13898 0 14550 0 200594 0 0 0 Raymond A Smego Jr MD MPH 238325 0 0 0 2241 0 35862 0 19353 0 295781 0 0 0 Ida Castro JD 183998 0 0 0 1669 0 14925 0 8851 0 209443 0 0 0 Maureen McLoud PhD 168334 0 0 0 2320 0 13715 0 14585 0 198954 0 0 0 Linda Hogan PhD 165414 0 0 0 509 0 29812 0 6718 0 202453 0 0 0 Brian Campbell 160298 0 0 0 491 0 12908 0 7052 0 180749 0 0 0 Gerald Litwack PhD 273634 0 0 0 5229 0 21443 0 7262 0 307568 0 0 0 James Geraghty 252202 0 0 0 1254 0 36100 0 19170 0 308726 0 0 0 Paul Katz MD 252273 0 0 0 1919 0 19600 0 9075 0 282867 0 0 0 John Monnier MBA CPA 146524 0 0 0 3552 0 21439 0 10292 0 181807 0 0 0 Schedule J, Part I, Line 1 The College pays the dues of $102 per month to the Westmoreland Club (a social club) on behalf of President and Founding Dean, Robert D'Alessandri. Schedule J, Part I, Line 4a The College paid $41,346 in severance payment to Louis Binder. Schedule J, Part I, Line 7 The College does provide for bonuses to individuals listed in Part VII, Section A. These bonuses are outlined in the employee's employment agreement and are based on the achievement of preset goals and accomplishments. Goals are reviewed annually by the Dean (for qualifying personnel); the Dean's review and recommendations were ultimately approved by the Board of Directors. No bonuses were paid in FY 2010. NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUC AUTH 237394107 66455NAB6 2009-03-25 40000000 FINANCE MEDICAL EDUCATION FACI false false false 0 0 40000000 40000000 2706667 0 800000 0 0 38401139 0 0 2011 false false true true false false false false true 0.00000 0.00000 0.00000 true false true true PNC 25. false false false false true BLUE CROSS OF NE PA SEE PART V SUPPLEMENTAL 1287649 HEALTH INSURANCE false WRIGHT MEDICAL GROUP SEE PART V SUPPLEMENTAL 44017 CONSULTING/AFFILIATION AGRMNT false PENSECO REALTY SEE PART V SUPPLEMENTAL 123744 RENTAL false SCHEDULE L, PART IV Several of the Commonwealth Medical College's Board Members 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 - Board Member, Denise Cesare, is the CEO of Blue Cross. Board Members John Moses and Louis DeNaples, sit on Blue Cross' Board of Directors. The College provides employee benefits to its employees through Blue Cross of Northeast Pennsylvania. 2. The Wright Center for Graduate Medical Education, Inc. and Wright Center Medical Group - Board Member, Dr. Robert Wright, is an employee of the Wright Center for Graduate Medical Education, Inc. The College has an affiliation agreement with the Wright Center for Graduate Medical Education, Inc. Board Member, Dr. Linda Thomas, is an employee of the Wright Center Medical Group, Inc. The Wright Center Medical Group Inc. has a contract to provide health services to TCMC students. 3. Penseco Realty - Board Member, Robert Naismith, Phd, is on the board of directors of Penseco Realty, the realty company for Penn Security Bank. The College has a rental relationship with Penseco Realty to rent office space at Penn Security Bank building. Dr. Naismith is a director of TCMC. X 5 19800 APPRAISAL X 104 26680190 FMV X GIFT CARD PRIZES FOR GOLF TOURNAMENT 0 3550 FMV X DONATED FLAGS 0 170 FMV 0 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 2 Board Members, Denise Cesare, Louis Denaples and John Moses have a business relationship. Ms. Cesare is the CEO and MR. Denaples & Attorney Moses are board members of Blue Cross of Northeastern Pennsylvania, an organization that transacts business with The Commonwealth Medical College. Board Members, Dr. Linda Thomas and Dr. Robert Wright have a business relationship. Dr. Thomas is an employee of the Wright Medical Group (formerly known as the Scranton Temple Medical Group), an organization that transacts business with The Commonwealth Medical College; Dr. Wright is an employee 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. Key employees, Paul Katz and John Monnier have a business relationship. Dr. Katz and Mr. Monnier are board members 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, LINES 7 A & B Pursuant to the Commonwealth Medical College's bylaws, Blue Cross of Northeastern Pennsylvania is empowered to reserve the right to appoint 25% of the College's Board of Trustees. FORM 990, PART VI, LINE 11 The College's Form 990 was prepared by a nationally renowned accounting firm in conjunction with the College's financial department. A copy of the Form 990 was circulated to the Board of Trustees by the Chief Financial Officer for discussion and comment at the organization's April and May 2011 finance and audit committees. Each Board Member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service. FORM 990, PART VI, LINE 12 Each officer, director, trustee and key employee of the College is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or 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 are investigated immediately. FORM 990, PART VI, LINE 15 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 that have no personal interest in the proposed compensation agreement. The Compensation committee contracts with a compensation consultant to complete a market assessment and competitive position analysis for the College's top executives. The compensation consultant utilizes comparability and benchmarking surveys to ensure that the College compensates its executives commensurate with the market. The compensation committee will then set the compensation for the relevant executive and document the decision in board minutes. FORM 990, PART VI, LINE 19 The College makes its Form 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. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 695,144 NORTHEASTERN PA MEDICAL EDUC DVLPMNT 525 PINE STREET SCRANTON PA 18509 203099187 MEDICAL EDUC PA 501(c)(3) 2 false COMMONWEALTH MEDICAL ASSOCIATES PC 525 PINE STREET SCRANTON PA 18509 264319644 INACTIVE PA APPLIED FOR APPLIED FOR false COMMONWEALTH MEDICAL COLLEGE FOUNDATION 525 PINE STREET SCRANTON PA 18509 273395484 INACTIVE PA APPLIED FOR APPLIED FOR false false true false false false false false false false false false false true true true false false false NORTHEASTERN PA MEDICAL EDUC DVLPMNT CORP B, O