2011-05-13T10:21:35-05:00 2010-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-07-01 231355135 PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE PHIL 2158716900 4170 CITY AVENUE PHILADELPHIA PA 19131 PETER DOULIS 2158716900 2011-05-13 true A RONALD TAXIN 2155614200 2011-05-13 2009 2016-02-24 21:20:13Z PETER DOULIS 4190 CITY AVENUE PHILADELPHIA PA 19131 98666860 false X PCOM.EDU X 1911 PA THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. 22 19 1494 1820 159512 -10014 9827612 6014482 84529200 87276847 1192212 499803 8298836 4417845 103847860 98208977 2328386 1926788 0 49047624 51641055 0 1218465 34245223 32915535 85621233 86483378 18226627 11725599 156222931 135848445 60518354 62673894 95704577 73174551 THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. false false 38154427 1926788 68468192 TUITION REVENUE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. 13535256 14039409 GRADUATE MEDICAL EDUCATION THE INTERN RESIDENT PROGRAMS PROVIDE THE MEANS FOR OUR INTERNS AND RESIDENTS TO LEARN FROM HANDS ON EXPERIENCE AT HOSPITALS. THE EXPERIENCE HELPS TRAIN THEM IN ALL SITUATIONS AS A PHYSICIANS. 7438660 4605564 AMBULATORY CARE NETWORK PROVIDES OUR EXTERNS WITH EXPERIENCE IN A CLINICAL ENVIRONMENT. THEY ROTATE THRU MEDICAL CLINICS AND FACILITIES, WHICH GIVES THEM THE EDUCATION NEEDED AS THEY PREPARE FOR GRADUATION AND BECOME DOCTORS. THE NETWORK ALSO PROVIDES MEDICAL CARE TO PATIENTS AND GIVES THE STUDENT THE HANDS ON TRAINING REQUIRED. 204711 163682 IT IS THE MISSION OF THE CONTINUING MEDICAL EDUCATION PROGRAM OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE TO BE AN EDUCATIONAL SERVICE TO PROFESSIONALS AND MEET THE NEEDS OF OSTEOPATHIC PHYSICIANS FOR AOA CME CREDIT THROUGH AN ACTIVE ANNUAL CALENDAR OF EDUCATIONAL OFFERINGS OF INTEREST TO A WIDE RANGE OF PHYSICIANS IN BOTH PRIMARY CARE AND SPECIALTY PRACTICE. THESE CME CREDITS ARE ALSO NEEDED FOR STATE LICENSURE AND BOARD CERTIFICATION. 204711 163682 57406266 true true false true false false false false false true false true true false false false false false true false false false true true true false false false false false false false false false false false false false false true true true false false true 57 0 true 1494 true true true true CJ false false false false false false false 22 19 true false false false false false false true true false false true true true true true true true true false PA X PCOM MANAGEMENT PHILADELPHIA COLLEGE OF OSTEO MED 2158716900 4190 CITY AVE PHILADELPHIA PA 19131 MATTHEW SCHURE PHD 50.00 X X 543072 0 53556 KENNETH J VEIT DO 50.00 X X 428556 0 52439 ETHELDRA TEMPLETON 1.00 X 172883 0 39874 BERNARD J BERNACKI 1.00 X 0 0 0 JAMES H BLACK DO 1.00 X 0 0 0 J STEVEN BLAKE 1.00 X 0 0 0 JOHN B BULGER DO 1.00 X 0 0 0 LITA INDZEL COHEN ESQUIRE 1.00 X 0 0 0 JOSEPH A DIETERLEDO 1.00 X 0 0 0 ELIZABETH H GEMMILL ESQUIRE 1.00 X 0 0 0 THOMAS J GRAVINA 1.00 X 0 0 0 JOHN P KEARNEY 1.00 X 0 0 0 VINCENT LOBO DO 1.00 X 0 0 0 HERBERT LOTMAN 1.00 X 0 0 0 ROBERT MAURER DO 1.00 X 0 0 0 THE HONORABLE TERRY COLEMAN 1.00 X 0 0 0 LOUIS P MESHON DO 1.00 X 0 0 0 WAYNE T SIKES 1.00 X 0 0 0 ANDREA D PEDANO DO 1.00 X 0 0 0 MURRAY ZEDECK DO 1.00 X 0 0 0 PAUL W MCGLOIN CPA 4.00 X X 0 0 0 EUGENE B CHAIKEN LLD HON 4.00 X X 0 0 0 PETER DOULIS 40.00 X 288002 0 43271 ROBERT CUZZOLINO 40.00 X 226923 0 45407 FLORENCE ZELLER 40.00 X 181614 0 38706 LAVINIA LAFFERTY 40.00 X 66050 0 17772 JOAN MCGETTIGAN 40.00 X 59205 0 16532 RICHARD PASCUCCI DO 40.00 X 275039 0 53556 PAUL EVANS D O 40.00 X 261261 0 52445 HARRY MORRIS DO 40.00 X 232338 0 49153 MARK OKAMOTO 40.00 X 190633 0 33699 ALEXANDER NICHOLAS DO 40.00 X 231943 0 51085 SAUL JECK DO 40.00 X 228821 0 35567 EUGENE MOCHAN D O 40.00 X 226330 0 42488 MICHAEL KUCHERA D O 40.00 X 220028 0 50596 PAT LANNUTTI D O 40.00 X 208634 0 39636 4041332 715782 72 false true false THE ARTHUR JACKSON CO 7025 W CHESTER PIKE UPPER DARBY PA 19082 CLEANING SERV. 1048561 AMERICAN COMMERICAL SECURITY SERV DEPT 1088-3 PO BOX 61000 SAN FRANCISCO CA 941610001 SECURITY SERV 664854 SODEHXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICES 660883 BLANK ROME LLP PO BOX 8586 PHILADELPHIA PA 191018586 ATTORNEYS 518458 MCDONNELL CONTRACTORS INC PO BOX 157 NARBETH PA 190720157 LANDSCAPING 188908 10 1428232 2850091 1736159 6014482 TUITION AND FEES 900099 68468192 68468192 GRADUATE MEDICAL EDUCATION 900099 14039409 14039409 AMBLATORY CARE NETWORK 900099 4605564 4605564 CON'T MEDICAL EDUCATION 900099 163682 163682 87276847 499803 499803 1085090 369256 715834 715834 715834 31387 88627 -57240 -57240 CAPTIVE RETRO PREMIUM CREDITS 900099 1504885 1504885 PARKING LOT REVENUE 900099 401222 401222 CAFETERIA 900099 393181 393181 1459963 318111 159512 982340 3759251 98208977 87594958 159512 4440025 1926788 1926788 2677215 1626823 868270 182122 37176415 29607568 7096020 472827 3407316 2667032 684359 55925 5747336 4511144 1141599 94593 2632773 2061071 528484 43218 260590 133935 109242 17413 525049 525049 121506 121506 160116 160116 5219607 1935583 3207172 76852 341853 21529 320324 6444797 3034903 3283975 125919 1420275 1420275 1913134 1347011 538099 28024 789122 566822 118901 103399 130380 95916 32329 2135 1028283 25 1028258 6974425 1270946 5700631 2848 3987631 3830670 156961 DUES AND SUBSCRIPTIONS 1416250 1301699 108852 5699 MAINTENCE AND REPAIR 818597 129319 689278 STUDENT RESEARCH 715425 715425 BAD DEBT 536551 536551 STUDENT SUPPORT 94482 85506 1485 7491 17462 17462 86483378 57406266 27858647 1218465 117861 159929 51085395 31984206 6173933 5080702 10498712 9864715 889050 1913472 155521460 90335636 64325558 65185824 14896985 12975931 8235437 8683666 156222931 135848445 12649384 14609068 9582352 10652350 24651440 23436226 13635178 13976250 60518354 62673894 X 95704577 73174551 95704577 73174551 156222931 135848445 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false X 160116 160116 160116 160116 86323262 88411617 86483378 88571733 1000000 1000000 250000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 253018 243050 222281 160116 878465 250000 250000 250000 250000 1000000 1500000 false false false false false false false false false false false false false false false false false false false false false false false false 7989369 7989369 75560762 45572342 29988420 58915799 39740394 19175405 13055530 5022900 8032630 65185824 CERTIFICATE OF DEPOSITS ( LT) 12413000 C INVESTMENT IN SUBSIDARY 420000 C WORKMAN COMP INS ESCROW 142931 F BLACKSTONE ALTERNATIVE INVESTMENT F 12975931 CAPTIVE RETRO PREMIUMS 7249398 2003 DEBT SERVICE FUND 767130 DUE TO/FROM FUNDATION 441484 DEPOSITS AND DEFERRED FINANCING 225654 DUE TO/FROM CAPTIVE 8683666 FED STUDENT LOAN GRANTS REFUNDABLE 13976250 13976250 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X U.S. GAAP REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS COMSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCETAIN TAX POSITIONS. true true true SEE SCHEDULE O true true true true false false false false false false false false true false THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE RECEIVES FUNDING FROM THE STATE OF PENNSYLVANIA. THE APPROPRIATION IS APPLIED DIRECTLY TO EDUCATIONAL COSTS. PENNSYLVANIA ASSISTANCE IS FACTORED INTO OUR TUITION AND FEE CHARGES TO COMPUTE THE MINIMUM ASSESSMENTS. THE COLLEGE RECEIVED 733,000 IN FISCAL YEAR ENDED JUNE 30, 2010 THAT MONEY WAS SIGNIFICANT IN MEETING OUR NEEDS AND GOALS. true ALUMNI WEEKEND 31387 31387 54853 33774 31387 31387 54853 33774 88627 -57240 false SCHOLARSHIPS 1297 1926788 FMV FINANCIAL AID PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE ISSUED BASED ON FINANCIAL NEED AND GOOD ACEDEMIC STANDARD. SCHOLARSHIPS ARE APPLIED AGAINST STUDENTS' TUITION ACCOUNT. NO CASH IS DISTRIBUTED TO STUDENTS. X X X X X X false false false true false false false false false MATTHEW SCHURE PHD 415872 120000 7200 36750 16806 596628 KENNETH J VEIT DO 365956 56000 6600 36750 15689 480995 ETHELDRA TEMPLETON 172883 26562 13312 212757 PETER DOULIS 230402 51000 6600 23719 19552 331273 ROBERT CUZZOLINO 189323 31000 6600 29831 15576 272330 FLORENCE ZELLER 165014 10000 6600 25413 13293 220320 RICHARD PASCUCCI DO 275039 36750 16806 328595 PAUL EVANS D O 254661 6600 36750 15695 313706 HARRY MORRIS DO 218174 14164 33193 15960 281491 MARK OKAMOTO 184794 5839 19250 14449 224332 ALEXANDER NICHOLAS DO 231943 35079 16006 283028 SAUL JECK DO 134361 94460 20411 15156 264388 EUGENE MOCHAN D O 225739 591 33906 8582 268818 MICHAEL KUCHERA D O 216607 3421 33880 16716 270624 PAT LANNUTTI D O 208634 31123 8513 248270 COMPENSATION CONTINGENT UPON REVENUES OF ORGANIZATION SCHEDULE J, PAGE 1, PART I, LINE 5A ADDITIONAL COMPENSATION FOR HARRY MORRIS D. O. IS PAID BASED ON A PERCENTAGE OF EXCESS OF ACTUAL REVENUES OVER THE BUDGETED REVENUES. THE CALCULATION IS REVIEWED AND APPROVED BEFORE IT IS PAID PA HIGHER EDUCATION FACILITIES AUTH 232243852 70917NUS1 2003-06-04 30609673 REDEMPTION 1993 BOND false false 23436226 2074314 185000 10013825 2006 false false true true false false false false false 0.00900 0.00900 false true true false false false true EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 THE PHILADELPHIA CAMPUS HAS 1,242 VOLUNTEER FACULTY FOR THE DO, PA AND PSYCHOLOGY PROGRAMS. THE GEORGIA CAMPUS HAS 578 VOLUNTEER FACULTY FOR THE DO PROGRAM. THESE VOLUNTEERS AID IN THE TEACHING OF OUR STUDENTS. ALL OTHER ACHIEVEMENTS DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D IT IS THE MISSION OF THE CONTINUING MEDICAL EDUCATION PROGRAM OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE TO BE AN EDUCATIONAL SERVICE TO PROFESSIONALS AND MEET THE NEEDS OF OSTEOPATHIC PHYSICIANS FOR AOA CME CREDIT THROUGH AN ACTIVE ANNUAL CALENDAR OF EDUCATIONAL OFFERINGS OF INTEREST TO A WIDE RANGE OF PHYSICIANS IN BOTH PRIMARY CARE AND SPECIALTY PRACTICE. THESE CME CREDITS ARE ALSO NEEDED FOR STATE LICENSURE AND BOARD CERTIFICATION. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B CAYMAN ISLANDS RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 UNAFFLILATED CORPORATION UNAFFLILATED CORPORATION BOARD MEMBER BD MEMBER BUSINESS ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 FORM 990 IS PREPARED BY THE ORGANIZATION AND REVIEWED BY AN OUTSIDE INDEPENDENT TAX CONSULTANT. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE 990. PRIOR TO FILING, THE 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C AN ANNUAL QUESTIONNAIRE AND DISCLOSURE FORM WAS DEVELOPED BY OUR EXTERNAL LEGAL COUNSEL. EVERY JULY 1 THE QUESTIONNAIRE IS SENT OUT TO ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES. THEY ARE CHECKED TO MAKE SURE THAT THEY ARE ALL RETURNED AND SIGNED. THEY ARE THEN REVIEWED BY THE CEO AND CFO. ANY REPORTABLE CONFLICTS ARE THEN SENT TO THE AUDIT COMMITTEE FOR RESOLUTION. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A SALARY AND BONUS PAID TO THE PRESIDENT OF THE COLLEGE IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE PCOM BOARD OF TRUSTEES. IN ADDITION, AN ANNUAL REVIEW IS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING ORGANIZATION, IN ORDER TO PROVIDE AN OPINION ON THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SALARY AND BONUS PAID TO THE OFFICERS OF THE COLLEGE IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE PCOM BOARD OF TRUSTEES. IN ADDITION, AN ANNUAL REVIEW IS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING ORGANIZATION, IN ORDER TO PROVIDE AN OPINION ON THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE EXECUTIVES. COMPENSATION OF KEY EMPLOYEES IS DETERMINED IN ACCORDANCE WITH THE STANDARD COMPENSATION PROCESS AND IN ALIGNMENT WITH THE ANNUAL BASE SALARY PROGRAM. THE BASE SALARY PROGRAM FOR KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES. FACTORS INCLUDING COMPETITIVE MARKET ANALYSES, PUBLISHED COST OF LIVING REPORTS AND RESOURCES AVAILABLE IN THE ANNUAL COLLEGE BUSINESS PLAN ARE UTILIZED TO DEVELOP RECOMMENDATIONS FOR EACH FISCAL YEAR SALARY INCREASE BUDGET AS WELL AS MARKET/EQUITY ADJUSTMENTS THAT MAY BE INDICATED FOR FACULTY AND STAFF POSITIONS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E, LINE 6 THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE RECEIVES FUNDING FROM THE STATE OF PENNSYLVANIA. THE APPROPRIATION IS APPLIED DIRECTLY TO EDUCATIONAL COSTS. PENNSYLVANIA ASSISTANCE IS FACTORED INTO OUR TUITION AND FEE CHARGES TO COMPUTE THE MINIMUM ASSESSMENTS. THE COLLEGE RECEIVED 733,000 IN FISCAL YEAR ENDED JUNE 30, 2010 THAT MONEY WAS SIGNIFICANT IN MEETING OUR NEEDS AND GOALS. ADDITIONAL INFORMATION SCHEDULE O PART IV LINE 12 - AUDITED FINANCIAL STATEMENT THE ORGANIZATION RECEIVED A CONSOLIDATED AUDITED FINANCIAL STATEMENT. SCH E LINE 3 - PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE HAS A WRITTEN NONDISCRIMINATORY POLICY. IT IS WIDELY CIRCULATED THROUGHOUT OUR INSTITUTION AND IS CONTAINED IN ALL OF OUR PUBLICATIONS. THE COLLEGE CATALOG IS DISTRIBUTED TO COLLEGES AND UNIVERSITIES, LIBRARIES, AND HIGH SCHOOLS THROUGHOUT THE UNITED STATES. WE DISTRIBUTE OUR QUARTERLY PUBLICATION, "THE DIGEST", TO THE FREE LIBRARY OF PHILADELPHIA AND ALL FIFTY STATE OSTEOPATHIC ASSOCIATIONS. OUR POLICY IS ALSO STATED IN THE AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE (AACOM) INFORMATION BOOKLET THAT IS MAILED TO PRE-MED ADVISORS IN COLLEGES. PCOM STUDENT LOAN LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 300215557 LOANS PA 2181 PCOM PCOM TECHNOLOGY LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 233036589 INACTIVE PA PCOM PCOM TECHNOLOGY SUBSIDIARY LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 233036591 INACTIVE PA PCOM PCOM TECHNOLOGY HOLDING LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 251883739 INACTIVE PA PCOM PHILA COLL OF OSTEO MED FOUNDATION 4170 CITY AVENUE PHILADELPHIA PA 19131 222691757 INVESTMENT PA 501 11A N/A OVERMONT CORPORATION 4001 MONUMENT ROAD PHILADELPHIA PA 19131 231922689 HOUSING PA 501 9 N/A AMERICAN OSTEO INS CO PO BOX 1109 GRAND CAYMAN GRAND CAYMAN CJ INSURANCE CJ PCOM C CORP 2073898 11177758 1.00000 false false true false false false false false false false false false false false false false true false PHILA COLL OF OSTEO MED FOUNDATION C 1428232 PHILA COLL OF OSTEO MED FOUNDATION Q 33101744