2011-05-12T15:12:51-04:00 2010-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-07-01 260812968 The Commonwealth Medical College COMM 5705047000 150 N WASHINGTON AVENUE SCRANTON PA 18503 Maurice Clifton 5705047000 2011-04-25 true Grant Thornton LLP 2155614200 2009 2016-02-24 21:20:13Z ROBERT D'ALESSANDRI 150 N WASHINGTON AVE SCRANTON PA 18503 44504284 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 2 193 723 0 0 36888908 33328066 138156 3447813 308515 77975 14618 120480 37350197 36974334 0 1552200 0 0 11716123 16462318 376373 15600 545479 10174950 9514713 22267446 27544831 15082751 9429503 66737561 85893360 46064274 58426408 20673287 27466952 THE COMMONWEALTH MEDICAL COLLEGE WILL EDUCATE 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. true false 16212188 1552200 3447813 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 - Doctor of Medicine and Master in Health Administration (MD-MHA) Program - Master of Biomedical Science (MBS) Program For the MD Program, from the very first day of their medical education, students are a part of the community - they are assigned one of the regional campuses - Scranton, Wilkes-Barre or Williamsport. 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 service 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. 4340309 0 0 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. 419630 0 0 Education - Developing, owning and operating an allopathic medical school within the meaning of section 170(b)(1)(A)(ii) of the Code for the education of physicians, basic scientists, and allied health professionals. 20972127 true true false true false false false true true true true false true false false 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 true 85 0 true 193 true false false false false false true true false false false 9 2 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 150 NORTH WASHINGTON STREET 6TH FLO SCRANTON PA 18503 Robert D'Alessandri MD 80.0 X X 520653 0 25922 Robert Naismith PhD 2.0 X 0 0 0 Louis DeNaples 2.0 X 0 0 0 Linda Thomas MD 2.0 X 0 0 0 Thomas F Karam 2.0 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 James Geraghty 55.0 X 40776 0 6346 Paul Katz MD 65.0 X 410254 0 36288 Gerald Litwack PhD 50.0 X 303546 0 25593 John Monnier MBA CPA 55.0 X 228961 0 33878 Virginia A Hunt 65.0 X 232759 0 24262 Wayne Thompson 60.0 X 192429 0 31470 David Axler PhD 54.0 X 152213 0 12530 Daniel Flynn PhD 57.0 X 281676 0 34168 Janet Townsend MD 75.0 X 288453 0 35329 Ida Castro JD 65.0 X 185523 0 20522 Linda Hogan PhD 44.0 X 210700 0 21897 Raymond A Smego Jr MD MPH 60.0 X 205744 0 30594 Maureen McLoud PhD 60.0 X 168437 0 16830 Brian Campbell 60.0 X 159373 0 18459 Barry Linger PhD X 182566 0 20796 Louis Binder PhD X 198433 0 23493 3962496 0 418377 25 true true false The Quandel Group 4755 Linglestown Rd Suite 301 HARRISBURG PA 17112 CONSTRUCTION 12603406 Highland Associates 102 Highland Ave CLARKS SUMMITT PA 18411 Architect 468713 ECG Management Inc 1111 Third Ave Suite 2700 SEATTLE WA 98101 Consulting Services 310489 Community Counseling Services Co LL PO Box 27462 NEW YORK NY 10087 Consulting Services 205175 Trickey Jennus 4325 El Prado Blvd Suite 11 TAMPA FL 33629 Consulting Services 203159 7 47875 17031818 16248373 14413019 33328066 TUITION AND FEES 611600 3400385 3400385 MARYWOOD AGREEMENT - GROSS ANATOMY LAB 611600 47428 47428 3447813 117389 117389 0 0 18000 0 18000 18000 18000 7426214 7465628 -39414 -39414 -39414 59420 47875 64322 -4902 -4902 0 0 PARKING 900099 47300 47300 TRANSFER OF FUNDS FROM RELATED PARTY 900099 17907 17907 WEB SERVICES 900099 17500 17500 24675 24675 107382 36974334 3447813 198455 0 1552200 1552200 0 0 2859109 1736124 1122985 0 10581957 9025390 1198852 357715 1064034 851913 183803 28318 1072108 858377 185198 28533 885110 708658 152896 23556 377132 55144 291843 30145 57900 8212 49688 116444 116444 218136 218136 15600 15600 1024 1024 490189 351510 138679 150697 144492 6205 1199249 169211 1001864 28174 984720 742577 234570 7573 0 1121455 956782 164673 168328 101805 63523 3000 0 202115 158118 38103 5894 29735 24706 5029 0 2476545 2057704 418841 146283 121544 24739 LAB RESEARCH EXPENSES 690094 690094 LIBRARY EXPENSES 332844 332844 STUDENT ACTIVITY EXPENSES 214978 214978 CLASSROOM EXPENSES 168700 168700 MAINTENANCE AGREEMENTS 119341 119341 248804 85536 152502 10766 27544831 20972127 6027225 545479 92877 5600 12286955 3729204 4594084 3689936 100309 78565 943840 1221528 73674943 4231790 24110855 69443153 24608641 7725374 66737561 85893360 5690474 13971858 332496 1943842 39801962 39821931 192588 52939 46754 2635838 46064274 58426408 X 11717602 18501459 8355685 8265493 600000 700000 20673287 27466952 66737561 85893360 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 28311 false true 218061 246372 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1 The $28,311 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 $218,061 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 incloude a contract with a consultant for government relations services for which the full payments are included above. false true 619448 100000 4984 724432 608564 10884 619448 0.97710 0.02290 false false 1225709 1225709 562174 31786 530388 3731390 2378977 1352413 5042505 1346743 3695762 63113162 474281 62638881 69443153 FUNDS HELD IN TRUST BY OTHERS 6911120 BOND ISSUANCE COSTS 814254 7725374 0 INTEREST RATE SWAP 2635838 2635838 36974334 27544831 9429503 21654 -2635838 -2614184 6815319 32872272 21654 64322 85976 32786296 4188038 4188038 36974334 26078607 21654 64322 85976 25992631 1552200 1552200 27544831 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 (LOSS) (2,635,838) RECONCILIATION OF REVENUES SCHEDULE D, PART XII LINE 2D - REVENUES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSES 64,322 LINE 4B - REVENUES ON RETURN NOT ON BOOKS SCHOLARSHIPS 1,552,200 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (LOSS) 2,635,838 --------- TOTAL LINE 4B 4,188,038 ========= RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII LINE 2D - EXPENSES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSES 64,322 LINE 4B - EXPENSES ON RETURN NOT ON BOOKS SCHOLARSHIPS 1,552,200 true true true 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. true true true true false false false false false false false false true false THE COMMONWEALTH MEDICAL COLLEGE RECOGNIZED REVENUE IN FY 2010 FROM THE COMMONWEALTH OF PENNSYLVANIA IN THE AMOUNT OF $15,970,948 AND FROM THE FEDERAL GOVERNMENT OF $1,060,870. true X X X X X X X true COMMUNITY COUNSELING SERVICE CONSULTING false 0 30000 0 RJS Associates Fundraising Counsel false 0 13000 0 0 43000 0 PA INAUGURAL CELEB 59895 17500 42395 7333 13411 GOLF TOURNAMENT 47400 30375 17025 17676 25902 0 107295 47875 59420 7333 17676 39313 64322 -4902 true SCHOLARSHIPS 64 1552200 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 460588 0 0 0 60065 0 19600 0 6322 0 546575 0 0 0 Paul Katz MD 379777 0 0 0 30477 0 20868 0 15420 0 446542 0 0 0 Gerald Litwack PhD 268813 0 0 0 34733 0 19871 0 5722 0 329139 0 0 0 John Monnier MBA CPA 181897 0 0 0 47064 0 18128 0 15750 0 262839 0 0 0 Virginia A Hunt 184989 0 0 0 47770 0 18540 0 5722 0 257021 0 0 0 Wayne Thompson 184599 0 0 0 7830 0 15600 0 15870 0 223899 0 0 0 David Axler PhD 146259 0 0 0 5954 0 11909 0 621 0 164743 0 0 0 Daniel Flynn PhD 270122 0 0 0 11554 0 19600 0 14568 0 315844 0 0 0 Janet Townsend MD 275084 0 0 0 13369 0 19631 0 15698 0 323782 0 0 0 Ida Castro JD 178123 0 0 0 7400 0 14800 0 5722 0 206045 0 0 0 Linda Hogan PhD 172441 0 0 0 38259 0 16877 0 5020 0 232597 0 0 0 Raymond A Smego Jr MD MPH 165236 0 0 0 40508 0 16468 0 14126 0 236338 0 0 0 Maureen McLoud PhD 161755 0 0 0 6682 0 13365 0 3465 0 185267 0 0 0 Brian Campbell 147773 0 0 0 11600 0 12800 0 5659 0 177832 0 0 0 Barry Linger PhD 175215 0 0 0 7351 0 14702 0 6094 0 203362 0 0 0 Louis Binder PhD 163107 0 0 0 35326 0 12569 0 10924 0 221926 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 40000000 0 0 0 800000 0 38401139 2011 true false true true false false false false true 0.00000 0.00000 0.00000 true false true true PNC 25. false false true BLUE CROSS OF NE PA SEE SCHEDULE O 982021 HEALTH INSURANCE false WRIGHT MEDICAL GROUP SEE SCHEDULE O 110000 CONSULTING/AFFILIATION AGRMNT false PENN SECURITY BANK SEE SCHEDULE O 278829 CREDIT CARD AND RENTAL false PENN SECURITY BANK SEE SCHEDULE O 2000000 LINE OF CREDIT false X 63 14413019 COST OR SALE PRICE 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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 2 The College focuses on creating a unique medical education experience that fosters collaboration among interdisciplinary team members, patient-centered care, and improving the health of the regional population. The college began offering academic programs and award degrees in a program in medicine leading to the degree of Doctor of Medicine and in a program of biomedical sciences leading to the degree of Master of Biomedical Sciences. The college continued its programs to support the basic and clinical sciences through biomedical, behavioral, epidemiological and health sciences research. In May of 2010, the Commonwealth Medical College's first class of MBS students graduated. 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 IX The College's functional expenses allocation as reproduced on Part IX of the Form 990 recognizes that the College began to matriculate students in the year ending June 30, 2010. RELATED PARTIES FORM 990, 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. Penn Security Bank - Board Member, Robert Naismith, is also a Board member of Penn Security Bank. The College has a banking relationship with Penn Security Bank and also rents office space for some of its administrative offices. NORTHEASTERN PA MEDICAL EDUC DVLPMNT 150 NORTH WASHINGTON AVE SCRANTON PA 18503 203099187 MEDICAL EDUC PA 501(c)(3) 7 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 17907