2024-05-14T14:58:53-05:00 2023-06-30 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2022-07-01 231352670 THE COLLEGE OF PHYSICIANS OF PHILADELPHIA COLL 2155633737 19 SOUTH 22ND STREET PHILADELPHIA PA 19103 MIRA B IRONS MD INTERIM CEO 2155633737 2024-05-13 1 MIRA IRONS MD 999009999 0 EDWARD W DORAN CPA P00841330 6106684200 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SANKEY WILLIAMS MD 19 SOUTH 22ND STREET PHILADELPHIA PA 19103 21017011 0 X WWW.COLLEGEOFPHYSICIANS.ORG X 1789 PA ADVANCING THE CAUSE OF HEALTH WHILE UPHOLDING THE IDEALS AND HERITAGE OF MEDICINE 27 27 88 25 0 0 2731798 5334937 2541335 2719611 1197688 1016254 647210 962491 7118031 10033293 48853 0 0 0 4094190 4805091 0 237162 1325772 2866667 3793426 7009710 8835679 108321 1197614 43709063 52896381 792998 6152879 42916065 46743502 X THE COLLEGE OF PHYSICIANS OF PHILADELPHIA ADVANCES THE CAUSE OF HEALTH, WHILE UPHOLDING THE IDEALS AND HERITAGE OF MEDICINE 0 0 898272 LIBRARY EXPENDITURES INCURRED TO MAINTAIN AN EXTENSIVE HISTORICAL MEDICAL LIBRARY USED FOR VARIOUS RESEARCH PROJECTS. THE LIBRARY IS ONE OF THE WORLD'S PREMIER COLLECTION OF RARE BOOKS AND INDEPENDENT LIBRARIES DEVOTED TO THE HISTORY OF MEDICINE. 2356681 2283598 MUSEUM EXHIBITS OPEN TO MEDICAL STUDENTS, THE GENERAL PUBLIC, HEALTH CARE PROFESSIONALS, AND STUDENTS OF ALL AGES FOR PURPOSES OF EDUCATION AND RESEARCH. THE MUSEUM IS HOME TO OVER 20,000 OBJECTS INCLUDING MEDICAL INSTRUMENTS, SPECIMENS, MEDICAL ILLUSTRATIONS, AND MEMORIBILIA OF OUTSTANDING PHYSICIANS AND SCIENTISTS. 155953 PUBLIC HEALTH AND EDUCATION: GEORGE & JUDY WOHLREICH JUNIOR FELLOWS IS A SUMMER AFTERSCHOOL PROGRAM AIMED AT UNDER RESOURCED PHILA. HIGH SCHOOL STUDENTS TO FOLLOW CAREER PATHS IN HEALTHCARE AND MEDICINE. GIRLS ONE DIASPORA CLUB IS AN AFTER-SCHOOL INTERNSHIP PROGRAM FOR TEEN GIRLS IN PHILA WHO ARE FROM AFRICA OR WERE BORN OUTSIDE THE US AND HAVE AN INTEREST IN HEALTHCARE OR STEM CAREERS. OUT4STEM IS AN AFTER-SCHOOL INTERNSHIP PROGRAM THAT AIMS TO PROVIDE PHILA. LGBTQIA YOUTH WITH HEALTHCARE AND STEM ORIENTED INSTRUCTION, MENTORING AND ACADEMIC SUPPORT. STEM INTERNSHIP IS A (SCIENCE, TECHNOLOGY, ENGINEERING & MATH) AND SOCIAL JUSTICE PROGRAM FOR PHILA HIGH SCHOOL STUDENTS WHO HAVE BEEN IMPACTED BY COMMUNITY VIOLENCE. HISTORY OF VACCINES.ORG EXPLORES THE HERITAGE, DEVELOPMENT AND USE OF VACCINES THROUGHOUT HISTORY IN A DYNAMIC INTERNET-BASED FORMAT. 1254987 436013 EDUCATIONAL SEMINARS, FELLOWSHIP, AND EVENTS. VARIOUS INFORMATIONAL PROJECTS AND EDUCATIONAL SEMINARS PROVIDED TO SPECIFIC USER GROUPS AND THE PUBLIC. THE FELLOWSHIP PROGRAM IS COMPRISED OF CLOSE TO 1,000 ESTABLISHED LEADERS IN THE FIELDS OF MEDICINE, LAW, AND BUSINESS. EDUCATIONAL SEMINARS COVER A WIDE RANGE OF CURRENT TOPICS AND ISSUES FOR THE BENEFIT OF BOTH HEALTH PROFESSIONALS AND THE GENERAL PUBLIC 1254987 436013 4665893 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 153 0 1 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 PA X MARK J RASCHIATORE VP FOR ADMINISTRATION & CFO 2153992337 19 SOUTH TWENTY-SECOND STREET PHILADELPHIA PA 19103 ALEXANDER VACCARO MD PHD TRUSTEE 1.00 X 0 0 0 ANDREW B ROBERTS MD TRUSTEE 1.00 X 0 0 0 CADENCE KIM MD FACS TRUSTEE 1.00 X 0 0 0 EDITH MITCHELL MD TRUSTEE 1.00 X 0 0 0 EMILIO EMINI PHD TRUSTEE 1.00 X 0 0 0 ENRIQUE HERNANDEZ MD TRUSTEE 1.00 X 0 0 0 ERICA R THALER MD VICE CHAIR 1.00 X X 0 0 0 FREDERICK W KYLE BA TRUSTEE 1.00 X 0 0 0 GAIL MORRISON SECRETARY 1.00 X X 0 0 0 GENEROSA GRANA MD FACP TRUSTEE 1.00 X 0 0 0 HORACE M DELISSER MD TRUSTEE 1.00 X 0 0 0 JANET F HAAS MD TRUSTEE 1.00 X 0 0 0 JULIA HALLER MD CHAIR 1.00 X X 0 0 0 KATHERINE A HIGH MD TRUSTEE 1.00 X 0 0 0 KATHLEEN KINSLOW CRNA EDD MBA TRUSTEE 1.00 X 0 0 0 LARRY KAISER TREASURER 1.00 X X 0 0 0 LOUIS BELL JR TRUSTEE 1.00 X 0 0 0 MARY F MORRISON MD MS TRUSTEE 1.00 X 0 0 0 N SCOTT ADZICKMD TRUSTEE 1.00 X 0 0 0 NATALIA ORTIZ-TORRENT MD TRUSTEE 1.00 X 0 0 0 NEIL R SATTEN MD MBA TRUSTEE 1.00 X 0 0 0 PAUL A OFFIT MD TRUSTEE 1.00 X 0 0 0 R BARRETT NOONE MD FACS TRUSTEE 1.00 X 0 0 0 RALPH I HORWITZ TRUSTEE 1.00 X 0 0 0 ROBERT G SHARRAR MD MSC TRUSTEE 1.00 X 0 0 0 STEPHEN R PERMUT MD JD TRUSTEE 1.00 X 0 0 0 THOMAS FEKETE MD PAST CHAIR 1.00 X 0 0 0 WILMA BULKIN SIEGEL MD TRUSTEE 1.00 X 0 0 0 MARK J RASCHIATORE VP FOR ADMINISTRATION & CF 40.00 X 135617 0 29451 MIRA B IRONS MD PRESIDENT AND CEO 60.00 X 438465 0 36895 574082 0 66346 2 0 1 0 P AGNES INC 2101 PENROSE AVE PHILADELPHIA PA 19145 INDUSTRIAL CONTRACTOR 716064 KIERNAN TIMBERLAKE 841 N AMERICAN ST PHILADELPHIA PA 19123 ARCHITECTURE 278818 SCHULTZ AND WILLIAMS 1617 JOHN F KENNEDY BLDVD SUITE 170 PHILADELPHIA PA 19103 FUNDRAISING 237162 CATERING BY DESIGN INC 18 WEST HORTER ST PHILADELPHIA PA 19119 CATERING 184119 BALLARD SPAHR 1735 MARKET ST 51ST FLOOR PHILADELPHIA PA 19103 LEGAL 138598 5 40000 5294937 547083 5334937 MUSEUM/GALLERY ADMISSIONS 611600 2283598 2283598 FELLOWSHIP DUES 611600 318803 318803 EVENTS REVENUE 611600 58287 58287 PROGRAM REVENUE 611600 56630 56630 LIBRARY SERVICES 611600 2293 2293 2719611 1016738 1016738 587950 126888 461062 461062 461062 10420000 10420484 -484 -484 -484 930706 436346 494360 494360 OTHER INCOME 611600 7069 7069 7069 10033293 3221040 0 1477316 X 683340 17637 665703 3401745 2239367 737343 425035 120410 78427 23093 18890 316695 174432 100239 42024 282901 180581 66718 35602 149330 149330 80170 80170 237162 237162 33010 33010 999666 628690 244108 126868 129872 3684 2316 123872 262554 167876 77369 17309 267445 145640 94369 27436 35923 23319 10762 1842 247347 108077 115104 24166 658390 365141 230993 62256 121994 51585 69113 1296 REPAIRS AND MAINTENANCE 284184 162568 42690 78926 FOOD & LIQUOR 164531 129555 9980 24996 MISCELLANEOUS 90109 37405 27564 25140 WEBSITE 59801 43135 16393 273 209100 108774 47647 52679 8835679 4665893 2844014 1325772 635356 623842 285970 1987328 115497 349731 76394 76840 27897046 9858745 6152323 18038301 36330800 31707646 100797 100797 11926 11896 43709063 52896381 555368 1327550 191714 118649 45916 4706680 792998 6152879 X 23960774 26243663 18955291 20499839 42916065 46743502 43709063 52896381 1197614 2629823 0 X X 0 1 X 1 0 X 4827012 3087977 4572970 2731798 5334937 20554694 3398468 2682625 1661000 3353157 3650317 14745567 8225480 5770602 6233970 6084955 8985254 35300261 1695755 1865168 2747708 436664 2309567 9054862 0 1695755 1865168 2747708 436664 2309567 9054862 26245399 1673011 1377317 700094 821428 1604688 6176538 1673011 1377317 700094 821428 1604688 6176538 939 52518 27992 60498 7068 149015 9899430 7200437 6962056 6966881 10597010 41625814 0.63050 0.62380 0.14840 0.16190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 36330800 1698896 3594940 9916990 31707646 42972378 727659 -4097168 3272069 36330800 31223519 2768500 10102608 1122249 42972378 31905767 1803002 44589 2529839 31223519 28936622 3120449 1262642 1413946 31905767 0.47820 0.52180 0 0 95000 95000 24858414 7395437 17462977 22960 22960 0 2920672 2440348 480324 18038301 X 13193340 2629823 563234 3193057 10000283 33010 33010 10033293 9365903 563234 563234 8802669 33010 33010 8835679 PART III, LINE 1A: HISTORICAL COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE COLLEGE'S HISTORICAL COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING ITS EXISTENCE AND ASSESSING ITS CONDITION ARE PERFORMEED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, AND/OR THE MAINTENANCE, CONSERVATION, REHABILITATION, RESTORATION, IMPROVEMENT AND UPKEEP OF EXISTING COLLECTIONS. THERE WERE NO PURCHASES OR SALES OF HISTORICAL COLLECTIONS DURING THE YEARS ENDED JUNE 30, 2023 AND 2022. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS SUPPORT THE OPERATIONS OF THE COLLEGE, INCLUDING LECTURES, ENDOWED CHAIRS, LIBRARY OPERATIONS, BUILDING RENOVATIONS, MUSEUM OPERATIONS, AND OTHER HISTORICAL ENDEAVORS. THE COLLEGE'S ENDOWMENT CONSISTS OF UNRESTRICTED AND DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES AS REQUIRED BE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE COLLEGE IS A PUBLIC CHARITY THAT HAS OBTAINED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. THE COLLEGE IS SUBJECT, HOWEVER, TO FEDERAL INCOME TAXES ON UNRELATED BUSINESS TAXABLE INCOME. PURSUANT TO FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, THE COLLEGE RECOGNIZES TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF JUNE 30, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS - INVENTORY 436,346. RENTAL EXPENSES 126,888. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM INVENTORY 436,346. RENTAL EXPENSES 126,888. X X X X X X 0 SCHULTZ & WILLIAMS 1617 JOHN F KENNEDY BLDV 1700 PHILADELPHIA PA 19103 CAMPAIGN FUNDRAISING 0 0 237162 -237162 237162 -237162 X 0 0 0 0 0 0 0 1 0 MIRA B IRONS MD PRESIDENT AND CEO 438465 0 0 0 0 0 26249 0 10646 0 475360 0 0 0 MARK J RASCHIATORE VP FOR ADMINISTRATION & CF 135617 0 0 0 0 0 8404 0 21047 0 165068 0 0 0 PART I, LINE 7 THE CEO RECEIVES A BONUS BASED ON THE ORGANIZATION'S OPERATIONS FOR THE YEAR AND IS AT THE DISCRETION OF THE BOARD'S EXECUTIVE COMMITTEE. X 5 547083 STOCK MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE FELLOWS. FELLOWS OF THE COLLEGE PAY DUES TO BE PART OF THE FELLOWSHIP. THEY ARE NOMINATED BY FELLOWS, REVIEWED AND APPROVED BY THE ADMISSIONS COMMITTEE, AND THEN TO THE FULL BOARD AND FELLOWSHIP FOR APPROVAL FORM 990, PART VI, SECTION A, LINE 7A FELLOWS HAVE THE OPPORTUNITY TO VOTE ON THE APPROVAL OF BOARD DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY FINANCE & INVESTMENT COMMITTEE THAT PROVIDES APPROVAL, ALONG WITH PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN ANNUAL CONFIDENTIAL DISCLOSURE STATEMENTS WHICH MUST DISCLOSE ANY POTENTIAL OR PERCEIVED CONFLICTS. IN ADDITION, THE GOVERNANCE COMMITTEE, WHICH CONSISTS OF TRUSTEES AND THE CEO (NON-VOTING), IS REQUIRED TO REVIEW ANY CONFLICTS OF INTEREST THROUGHOUT THE YEAR. THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEE RECOMMENDS (TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES) EXCEPTIONS TO THE POLICY ON A CASE-BY-CASE BASIS. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE CONFLICT OF INTEREST POLICY AS BEING OF INTEREST RELATIVE TO ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S ADVISORY GROUP, WHICH IS CONSIDERED THE ORGANIZATION'S COMPENSATION COMMITTEE, PERFORMS AN ANNUAL REVIEW. THE COMMITTEE'S REVIEW COMPARES OFFICER'S COMPENSATION FOR OTHER LIKE POSITIONS IN THE REGION. DISCUSSIONS ON COMPENSATION ARE IN CLOSED SESSION AND ARE NOT RECORDED IN GENERAL BOARD MINUTES. ALL OTHER KEY EMPLOYEES' COMPENSATION IS DECIDED BY THE CEO USING SIMILAR METHODS TO ENSURE ALL COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 571,093. MANAGEMENT AND GENERAL EXPENSES 244,108. FUNDRAISING EXPENSES 126,868. TOTAL EXPENSES 942,069. HONORARIA: PROGRAM SERVICE EXPENSES 57,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,597. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR