2025-05-12T17:01:31-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-07-01 231355135 PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE PHIL 2158716900 4170 CITY AVENUE PHILADELPHIA PA 19131 DALLAS A GRUNDY VP FINANCE AND ADMINISTRATION 2158716900 2025-05-08 1 0 LAURA J KENNEY P00202198 6177170831 2025-03-29 2023 2025-03-06 01:10:19Z DALLAS A GRUNDY 4170 CITY AVENUE PHILADELPHIA PA 19131 183964575 0 X WWW.PCOM.EDU X 1911 PA THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. 18 15 1531 3637 20266 0 10497003 9349171 159366754 169240441 138510 238842 3231520 4631606 173233787 183460060 3643878 1196868 0 0 109391029 115112757 0 0 2658723 59542995 60891450 172577902 177201075 655885 6258985 149489162 151248060 90073892 89429660 59415270 61818400 X THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS. IN ADDITION, THE COLLEGE OPERATES FOUR HEALTH CLINICS (PRIMARY-CARE NETWORK) THAT SERVE PATIENTS WHO ARE PRIMARILY COVERED BY GOVERNMENT PROGRAMS SUCH AS MEDICAID. 0 0 94013898 611868 151169140 TUITION REVENUE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE PROGRAM STUDENTS. 13481063 0 12781340 GRADUATE MEDICAL EDUCATION - THE INTERN RESIDENT PROGRAMS PROVIDE THE MEANS FOR OUR INTERNS AND RESIDENTS TO LEARN WITH HANDS ON EXPERIENCE AT HOSPITALS. THE EXPERIENCE HELPS TRAIN THEM IN ALL SITUATIONS AS PHYSICIANS. 9327508 0 4926222 PRACTICE CARE NETWORK PROVIDES OUR EXTERNS WITH EXPERIENCE IN A CLINICAL ENVIRONMENT. THEY ROTATE THROUGH 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 STUDENTS THE HANDS ON TRAINING REQUIRED. 998909 585000 435288 CONTINUING MEDICAL EDUCATION. 998909 585000 435288 117821378 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 643 0 1 1531 1 1 1 1 CJ CA EI LU 0 0 0 0 0 0 0 0 1 0 X 18 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PA X PCOM MANAGEMENT 2158716900 4170 CITY AVENUE PHILADELPHIA PA 19131 JAY S FELDSTEIN DO PRESIDENT & CEO 42.00 3.00 X X 1223172 0 62212 KENNETH J VEIT DO PROVOST, SVP ACADEMIC AFFAIRS, DEAN 42.00 3.00 X X 807335 0 67492 MINDY GEORGE-WEINSTEIN PHD TRUSTEE/FACULTY REPRESENTATIVE 40.00 0.00 X 216473 0 59667 THOMAS J GRAVINA CHAIRMAN OF THE BOARD 3.00 2.00 X X 0 0 0 JOHN B BULGER DO VICE CHAIRMAN 1.00 1.00 X X 0 0 0 A SCOTT MCNEAL DO VICE CHAIRMAN 1.00 1.00 X X 0 0 0 JEREL A HOPKINS ESQ VICE CHAIRMAN 1.00 1.00 X X 0 0 0 WILLIAM B SWALLOW DO TRUSTEE/ALUMNI REPRESENTAT 1.00 1.00 X 0 0 0 JOHN P KEARNEY TRUSTEE 1.00 1.00 X 0 0 0 MATTHEW O ELKES TRUSTEE 1.00 1.00 X 0 0 0 THELMA DYE-HOLMES PHD TRUSTEE 1.00 1.00 X 0 0 0 JOSEPH A DIETERLE DO TRUSTEE 1.00 1.00 X 0 0 0 VINCENT LOBO DO TRUSTEE 1.00 1.00 X 0 0 0 R DAVID MCCLESKEY TRUSTEE 1.00 1.00 X 0 0 0 JAMES H BLACK DO TRUSTEE 1.00 1.00 X 0 0 0 WAYNE T SIKES TRUSTEE 1.00 1.00 X 0 0 0 VIRGINIA A STALLINGS MD TRUSTEE 1.00 1.00 X 0 0 0 TIMOTHY BURGESS TRUSTEE 1.00 1.00 X 0 0 0 PETER DOULIS UNTIL 0624 VP FINANCE/CFO 42.00 3.00 X 620763 0 80626 DAVID SIMON UNTIL 0624 CHIEF LEGAL AFFAIRS OFFICER 42.00 3.00 X 491357 0 69615 CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLANNING OFFICER 18.00 27.00 X 425131 0 60479 MARCINE PICKRON-DAVIS CHIEF DIVERSITY OFFICER 38.00 2.00 X 311804 0 35479 R BRYAN GINN GA CHIEF CAMPUS OFFICER 40.00 0.00 X 295506 0 56684 LYNN KUSH SECRETARY 38.00 2.00 X 99096 0 36638 DALLAS A GRUNDY AS OF 0324 VP OF FINANCE & ADMINISTRATION 42.00 3.00 X 0 0 0 ANDREA MANN DEAN & CHIEF ACADEMIC OFFICER GA (SUWANEE) 40.00 0.00 X 342132 0 80626 HASCO CRAVER SGA DEAN & CHIEF ACADEMIC OFFICER 40.00 0.00 X 373408 0 65106 ARTHUR SESSO DO PROFESSOR & CHAIR OF SURGERY 40.00 0.00 X 361301 0 76789 MARLA GOLDEN DO MS DEAN - PCOM SOUTH GEORGIA 40.00 0.00 X 330346 0 72569 GREGORY MCDONALD DO DEAN OF COLLEGE OF HEALTH SCIENCES/PHYSICIAN 40.00 0.00 X 325839 0 68991 DANIEL PARENTI DO PHYSICIAN 40.00 0.00 X 324414 0 68777 6548077 0 961750 246 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 1998678 MEDIA WORKS LTD 1425 CLARKVIEW RD STE 500 BALTIMORE MD 21209 CONSULTING/ADVERTISING 1882500 THE ARTHUR JACKSON COMPANY 7025 W CHESTER PIKE UPPER DARBY PA 19082 HOUSEKEEPING 1492899 ELLIOTT-LEWIS CORPORATION 2900 BLACK LAKE PLACE PHILADELPHIA PA 19154 MAINTENANCE/CONSTRUCTION 1489333 INTECH CONSTRUCTION LLC 3020 MARKET STREET PHILADELPHIA PA 19104 CONSTRUCTION 1410467 35 1988693 5196044 2164434 9349171 TUITION REVENUE 900099 151169140 151169140 GRADUATE MEDICAL EDUCATION 900099 12781340 12781340 PRACTICE CARE NETWORK 900099 4926222 4926222 CONTINUING MEDICAL EDUCATION 900099 363739 363739 169240441 238842 238842 1082412 504515 577897 577897 577897 CAPTIVE RETRO PREMIUM 900099 3115698 3115698 ALL OTHER REVENUE 900099 707915 71549 20266 616100 PARKING LOT REVENUE 900099 230096 230096 4053709 183460060 169311990 20266 4778633 585000 585000 611868 611868 4832769 1149467 3258171 425131 82432498 63515743 17622757 1293998 8164951 6205383 1959568 13710637 10439816 3270821 5971902 3990703 1432798 548401 4167692 1878386 2284718 4588 218870 4350 214520 491248 491248 450067 450067 13861579 7671944 6149809 39826 2430809 136908 2292066 1835 8798743 5542955 3030631 225157 4183664 4183664 1612460 1111109 500055 1296 1345293 1025977 275341 43975 854633 704652 142054 7927 846378 846378 8697277 2398503 6289564 9210 1938257 2234996 -296739 DUES & SUBSCRIPTIONS 5341190 4687066 596745 57379 MAINTENANCE & REPAIRS 3389099 1679135 1709964 RESEARCH AND SUPPORT 1689605 1689554 51 BAD DEBT 488720 488720 85866 69143 16723 177201075 117821378 56720974 2658723 17061 7609 13603104 13878537 15289222 21859729 7103960 6549413 5163682 3982306 283230994 199967397 83169230 83263597 4198690 984935 20944213 20721934 149489162 151248060 29000119 29958629 28306043 28715218 22415369 21879267 10352361 8876546 90073892 89429660 X 59415270 61818400 59415270 61818400 149489162 151248060 6258985 -3855855 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 450067 450067 450067 450067 176751008 176751008 177201075 177201075 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 436956 361792 545782 450067 1794597 250000 250000 250000 250000 1000000 1500000 X 1 31.00 1 0 0.00 0 1 10317130 10317130 124407235 89891356 34515879 135813773 102245909 33567864 12692856 7830132 4862724 83263597 CAPTIVE RETRO PREMIUMS 8882871 DUE FROM AFFILIATED ORGANIZATIONS 11636969 DEPOSITS/DEFERRED FINANCING 202094 20721934 FEDERAL STUDENT LOAN GRANTS REFUNDABLE 8876546 8876546 X PART II, LINE 9: THE CONSERVATION EASEMENT PROVIDES FOR AN OPEN SPACE EASEMENT RELATED TO PCOM'S SOUTH GEORGIA CAMPUS. PCOM DOES NOT HAVE A FOOTNOTE DISCLOSURE IN ITS AUDITED FINANCIAL STATEMENTS DESCRIBING ITS ACCOUNTING FOR CONSERVATION EASEMENTS. PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE COLLEGE AND ITS RELATED ORGANIZATIONS FILE U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATIONS ON THEIR U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. 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 CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE HAS A WRITTEN NONDISCRIMINATORY POLICY. IT IS WIDELY CIRCULATED THROUGHOUT OUR INSTITUTION AND IS CONTAINED IN ALL 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 POSTS ITS NON-DISCRIMINATION STATEMENT WITH POLICY ON THE EXTERNAL WEBPAGE AND THE WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE RECEIVES GOVERNMENT ASSISTANCE IN THE FORM OF FEDERAL WORK STUDY PROGRAMS, PRE-DOCTORATE TRAINING IN PRIMARY CARE GRANT, PENNSYLVANIA APPROPRIATION, AND VARIOUS OTHER FEDERAL AND STATE GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6243058 0 0 0 0 0 0 6243058 0 6243058 1 0 1 0 0 0 1 PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION 4190 CITY AVENUE PHILADELPHIA PA 19131 222691757 501(C)(3) 585000 0 N/A N/A EDUCATION 1 0 SCHOLARSHIPS 230 611868 N/A N/A PART I, LINE 2: PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE MAINTAINS RECORDS OF AMOUNTS AWARDED TO STUDENTS, ELIGIBILITY FOR WHICH IS DETERMINED BY FINANCIAL NEED AND ACADEMIC ACHIEVEMENT REQUIREMENTS. SCHOLARSHIPS ARE ISSUED BASED ON FINANCIAL NEED AND GOOD ACADEMIC STANDING. SCHOLARSHIPS ARE APPLIED AGAINST STUDENTS' TUITION ACCOUNT. NO CASH IS DISTRIBUTED TO STUDENTS. GRANTS ARE AWARDED IN A NONDISCRIMINATORY AND OBJECTIVE BASIS. PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION IS A PUBLIC CHARITY UNDER SECTION 501(C)(3) AND SINCE THE BOARD MEMBERS ARE THE SAME FOR THE FOUNDATION AS FOR THE COLLEGE, THE GOVERNING BOARD WILL BE ABLE TO MONITOR THE USE OF THE FUNDS. X X X X X 0 0 0 0 0 0 0 1 0 JAY S FELDSTEIN DO PRESIDENT & CEO 865972 0 350000 0 7200 0 49500 0 12712 0 1285384 0 0 0 KENNETH J VEIT DO PROVOST, SVP ACADEMIC AFFAIRS, DEAN 650735 0 150000 0 6600 0 49500 0 17992 0 874827 0 0 0 PETER DOULIS UNTIL 0624 VP FINANCE/CFO 514163 0 100000 0 6600 0 49500 0 31126 0 701389 0 0 0 DAVID SIMON UNTIL 0624 CHIEF LEGAL AFFAIRS OFFICER 389757 0 95000 0 6600 0 49500 0 20115 0 560972 0 0 0 CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLAN 293531 0 125000 0 6600 0 29353 0 31126 0 485610 0 0 0 HASCO CRAVER SGA DEAN & CHIEF ACADEMIC OFFICER 373408 0 0 0 0 0 49500 0 15606 0 438514 0 0 0 ARTHUR SESSO DO PROFESSOR & CHAIR OF SURGERY 361301 0 0 0 0 0 49500 0 27289 0 438090 0 0 0 ANDREA MANN DEAN & CHIEF ACADEMIC OFFICER GA (SU 342132 0 0 0 0 0 49500 0 31126 0 422758 0 0 0 MARLA GOLDEN DO MS DEAN - PCOM SOUTH GEORGIA 330346 0 0 0 0 0 49500 0 23069 0 402915 0 0 0 GREGORY MCDONALD DO DEAN OF COLLEGE OF HEALTH SCIENCES/P 325839 0 0 0 0 0 48876 0 20115 0 394830 0 0 0 DANIEL PARENTI DO PHYSICIAN 324414 0 0 0 0 0 48662 0 20115 0 393191 0 0 0 R BRYAN GINN GA CHIEF CAMPUS OFFICER 243906 0 45000 0 6600 0 36586 0 20098 0 352190 0 0 0 MARCINE PICKRON-DAVIS CHIEF DIVERSITY OFFICER 220204 0 85000 0 6600 0 33031 0 2448 0 347283 0 0 0 MINDY GEORGE-WEINSTEIN PHD TRUSTEE/FACULTY REPRESENTATIVE 216473 0 0 0 0 0 32471 0 27196 0 276140 0 0 0 PART I, LINE 3 COMPENSATION PAID TO THE PRESIDENT AND OFFICERS OF PCOM AND PCOM FOUNDATION 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 OF THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. PART I, LINE 7 ALL BONUSES ARE MERIT BASED. PLEASE SEE NARRATIVE FOR FROM 990, PART VI, LINE 15 ON FORM 990, SCHEDULE O. PART II - COMPENSATION OF TRUSTEE MINDY GEORGE-WEINSTEIN, PHD IS A TRUSTEE AND EMPLOYEE OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM). THE COMPENSATION FOR DR. GEORGE-WEINSTEIN REPORTED ON FORM 990, PART VII AND SCHEDULE J, PART II IS FOR HER CHIEF RESEARCH SCIENCE OFFICER POSITION AT PCOM. SHE IS NOT COMPENSATED FOR HER TIME DEVOTED AS TRUSTEE. A MOULTRIE-COLQUITT COUNTY DEVELOPMENT AUTHORITY 2018-08-28 24902161 2018 GA PROJECT 0 1 0 A 2060000 24902161 359383 24542778 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MOULTRIE-COLQUITT COUNTY DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/27/2023 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX CONSULTANT WITH INFORMATION PROVIDED BY MANAGEMENT. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990. PRIOR TO FILING, THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE AND DISCLOSURE FORM WAS DEVELOPED BY OUR EXTERNAL LEGAL COUNSEL. EVERY JULY 1ST, THE QUESTIONNAIRE IS SENT OUT TO ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES. QUESTIONNAIRES 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. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PAID TO THE PRESIDENT AND OFFICERS OF PCOM AND PCOM FOUNDATION 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 OF THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. ALL BONUSES ARE MERIT-BASED. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. THIS PROCESS WAS LAST COMPLETED IN 2024 FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PCOM STUDENT LOAN LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 300215557 INACTIVE PA 0 0 PCOM PCOM TECHNOLOGY LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 233036589 INACTIVE PA 0 0 PCOM PCOM TECHNOLOGY SUBSIDIARY LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 233036591 INACTIVE PA 0 0 PCOM PCOM TECHNOLOGY HOLDING LLC 4170 CITY AVENUE PHILADELPHIA PA 19131 231883739 INACTIVE PA 0 0 PCOM PHILA COLLEGE OSTEOPATHIC MED FOUNDATION 4190 CITY AVENUE PHILADELPHIA PA 19131 222691757 INVESTMENT PA 501(C)(3) LINE 7 N/A 0 OVERMONT CORPORATION 4001 MONUMENT ROAD PHILADELPHIA PA 19131 231922689 HOUSING PA 501(C)(3) LINE 10 PCOM 1 PCOM PRIMARY CARE INNOVATION FUND LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 320505991 INVESTMENTS DE N/A N/A 0 0 PCOM PRIMARY CARE INNOVATION FUND II LLC 4190 CITY AVENUE PHILADELPHIA PA 19131 863999783 INVESTMENTS DE N/A N/A 0 0 AMERICAN OSTEO INSURANCE CO LTD PO BOX 1109 GRAND CAYMAN CJ 980201176 INSURANCE CJ PCOM C 1261548 16123961 1.00000 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 AMERICAN OSTEO INSURANCE CO LTD B 1894731 CASH