2025-05-14T09:25:06-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2023-07-01 251698677 LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE LAKE 8148666641 5515 PEACH STREET ERIE PA 16509 STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 8148666641 2025-05-08 1 1 KELLY A BROCIOUS CPA P01254262 4126976400 2025-05-07 2023 2025-03-06 01:10:19Z JOHN M FERRETTI DO 5515 PEACH STREET ERIE PA 16509 222142814 0 X WWW.LECOM.EDU X 1993 PA THE MISSION OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) IS TO PREPARE STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS, PHARMACY PRACTITIONERS AND DENTISTS THROUGH PROGRAMS OF EXCELLENCE IN EDUCATION, RESEARCH, CLINICAL CARE, AND COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE THROUGH IMPROVED HEALTH FOR ALL HUMANITY. 9 4 522 5 0 0 17406676 17438736 158408916 167791620 18317342 27401182 7399568 9431693 201532502 222063231 2634776 2829933 0 0 50056914 55595893 0 0 0 68542106 68164631 121233796 126590457 80298706 95472774 961815012 1082321963 118619565 118635674 843195447 963686289 X THE MISSION OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) IS TO PREPARE STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS, PHARMACY PRACTITIONERS AND DENTISTS THROUGH PROGRAMS OF EXCELLENCE IN EDUCATION, RESEARCH, CLINICAL CARE, AND COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE THROUGH IMPROVED HEALTH FOR ALL HUMANITY. 0 0 98401634 2829933 176812750 LECOM IS ONE OF THE 34 COLLEGES OF OSTEOPATHIC MEDICINE. IN 1992, THE LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE RECEIVED PRE-ACCREDITATION STATUS FROM THE AMERICAN OSTEOPATHIC ASSOCIATION. AFTER FURTHER PREPARATION, LECOM ACHIEVED A CHARTER FROM THE COMMONWEALTH OF PENNSYLVANIA AND FULL ACCREDITATION STATUS WITH THE AMERICAN COUNCIL ON PHARMACEUTICAL EDUCATION. IT IS ONE OF OVER 140 PHARMACY SCHOOLS IN THE UNITED STATES. LECOM HAS FULL ACCREDITATION STATUS WITH THE AMERICAN DENTAL ASSOCIATION'S COMMISSION ON DENTAL ACCREDITATION. IT IS ONE OF 66 DENTAL SCHOOLS IN THE UNITED STATES. THE GOAL OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE IS TO EDUCATE QUALIFIED STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS IMBUED WITH THE PHILOSOPHICAL PRINCIPLES OF OSTEOPATHIC MEDICINE. IT IS THE STATED PURPOSE OF THE COLLEGE TO EDUCATE AND DEVELOP FAMILY PHYSICIANS IN THE OSTEOPATHIC TRADITION. AT THE SAME TIME, IT PROPOSES TO PROVIDE ITS STUDENTS WITH FIRM ACADEMIC BACKGROUND SO THAT THOSE WHO WISH MAY ADVANCE FURTHER INTO THE OSTEOPATHIC SPECIALTIES OR ACADEMIC CAREERS, PARTICULARLY FOR AND WITH OSTEOPATHIC COLLEGES. THE GOAL OF THE SCHOOL OF PHARMACY AND SCHOOL OF DENTAL MEDICINE IS TO PREPARE PHARMACY AND DENTAL PROFESSIONALS WHO ARE COMMITTED TO PROVIDE HIGH-QUALITY, ETHICAL, AND EMPATHETIC PATIENT-CENTERED CARE TO SERVE THE NEEDS OF A DIVERSE POPULATION.THREE ACADEMIC DOCTORAL DEGREES ARE CURRENTLY CONFERRED AT LECOM. THE DOCTOR OF OSTEOPATHY (DO), THE DOCTOR OF PHARMACY, AND THE DOCTOR OF DENTAL MEDICINE ARE AWARDED TO GRADUATES WHO HAVE SATISFACTORILY FULFILLED THE REQUIREMENTS FOR GRADUATION. THE FIRST MEDICAL CLASSES BEGAN ON AUGUST 9, 1993 AND 61 STUDENTS ENROLLED. THE COLLEGE BEGAN A SCHOOL OF PHARMACY IN THE FALL OF 2002. FIRST CLASSES FOR THE SCHOOL OF DENTAL MEDICINE BEGAN IN AUGUST, 2012. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, THERE WERE 4,300 MEDICAL, PHARMACY, DENTAL, POST-BACCALAUREATE, AND MASTERS STUDENTS ENROLLED. THE COLLEGE HAS THREE CAMPUSES: ERIE, PENNSYLVANIA, GREENSBURG, PENNSYLVANIA, AND BRADENTON, FLORIDA. 98401634 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 389 0 522 1 0 0 0 0 0 1 1 0 0 1 0 X 9 4 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NY X STEVEN G INMAN CPA CGMA 8148644031 5515 PEACH STREET ERIE PA 16509 JOHN M FERRETTI DO PRESIDENT/CEO 56.00 24.00 X X 1472076 0 38739 MARLENE D MOSCO CHAIRMAN 1.00 1.00 X X 0 0 0 MARY L ECKERT SECRETARY 4.00 76.00 X X 12045 688251 29094 DENNIS M STYN TRUSTEE 5.00 60.00 X 0 317615 40300 JAMES Y LIN DO TRUSTEE 1.00 60.00 X 0 711555 49733 JOAN L MOORE DO TRUSTEE 1.00 X 0 0 0 NANCY PEADEN TRUSTEE 1.00 X 0 0 0 THOMAS J WEDZIK TRUSTEE 1.00 10.00 X 31000 0 0 SUZANNE K KELLEY DO TRUSTEE 1.00 X 0 0 0 SILVIA M FERRETTI DO PROVOST/VP OF ACADEMICS 73.00 7.00 X 1648129 0 38771 STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 28.00 37.00 X 381899 0 38506 RICHARD TERRY DO ASSOCIATE DEAN OF ACADEMIC AFFAIRS 40.00 X 374330 0 45063 MARK KAUFFMAN DO ASSOCIATE DEAN OF ACADEMIC AFFAIRS 40.00 X 350612 0 33459 MICHAEL ROWANE DO ASSOCIATE DEAN OF CLINICAL EDUCATION 40.00 X 366748 0 44978 JOSEPH COPPOLA DO PHYSICIAN 40.00 X 319546 0 44493 MATTHEW BATEMAN PHD ASSISTANT PROVOST OF INSTITUTIONAL EFFECTIVENESS 40.00 X 326749 0 40871 5283134 1717421 444007 126 0 1 0 JAS MANAGEMENT 3363 RINGWOOD MEADOW SARASOTA FL 34235 MANAGEMENT FEES 959573 TRAVIS SMITH 171 GARDINERS BAY DRIVE PONTE VERDA FL 32081 ASSOCIATE DEAN 357317 SCOTT CONSULTING 611 HIBERNIA OAKS DR FLEMING ISLAND FL 32003 REGIONAL DEAN 120000 EDWRITE CONSULTING 1221 CLINIC DR IVYDALE WV 25113 LECOM ACCREDITATION SUPPORT 102000 4 907045 14445602 2086089 17438736 TUITION AND FEES 611430 166471020 166471020 APPLICATION FEES 611430 1320600 1320600 167791620 22180135 22180135 441101 0 441101 441101 441101 5216547 4500 0 0 5216547 4500 5221047 5221047 49045 907045 79583 -30538 -30538 OTHER REVENUE 900099 8873897 8873897 OPTI DUES 900099 147233 147233 9021130 222063231 176812750 0 27811745 2829933 2829933 3630165 3630165 40421533 31447953 8973580 2028341 1578049 450292 6333313 4927318 1405995 3182541 2476017 706524 188748 188748 92622 92622 8561283 6660678 1900605 6736372 5240897 1495475 3807139 2961954 845185 323993 252067 71926 7562973 5883993 1678980 1441605 1121569 320036 87852 68349 19503 1193637 928650 264987 9821564 7641177 2180387 3547838 2760218 787620 STUDENT ROTATION FEES 11146559 11146559 DUES AND SUBSCRIPTIONS 2483335 1932035 551300 REPAIRS AND MAINTENANCE 2341354 1821573 519781 CONTRIBUTIONS 186825 186825 8640932 6722645 1918287 126590457 98401634 28188823 0 24403841 47647249 94623097 91908922 16679226 20000080 345221 435602 6500527 6048042 277542843 141182647 126936912 136360196 681727676 770908708 10598512 9013164 961815012 1082321963 11060268 15089598 43524946 48141818 53716667 51516667 10317684 3887591 118619565 118635674 X 838868689 958656729 4326758 5029560 843195447 963686289 961815012 1082321963 X 95472774 51171688 -26153620 X 0 1 X 1 1 1 X 11005185 27358604 11657894 17406676 17438736 84867095 11005185 27358604 11657894 17406676 17438736 84867095 84867095 10064659 9253383 18712283 16350960 22621236 77002521 2195425 125883 35858 2357166 164226782 794691447 0.51680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 507537 507537 0 PART II-B, LINE 1: THE ORGANIZATION HAS RETAINED GOVERNMENTAL COUNSEL TO REPRESENT ITS INTERESTS IN LEGISLATIVE AND OTHER GOVERNMENTAL MATTERS AT BOTH THE STATE AND FEDERAL LEVELS. 4326758 725371 22569 5029560 4854738 339224 867204 4326758 4471146 785418 401826 4854738 3562616 1313819 402058 3231 4471146 2977275 1027225 430292 11592 3562616 1.00000 0 0 20126280 20126280 200671388 102023214 98648174 42813812 34414329 8399483 13931363 4745104 9186259 136360196 DUE TO AFFILIATES 1005572 457(B) PLAN 1437780 OPTI FUND 115187 OPERATING LEASE LIABILITIES 1329052 3887591 X 270050867 51171688 102152 51273840 218777027 3286204 3286204 222063231 124109207 79583 79583 124029624 2560833 2560833 126590457 PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND IS RECOGNIZED AS TAX EXEMPT UNDER SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE COLLEGE TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). THE COLLEGE HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 22,569. FUNDRAISING EVENT EXPENSES 79,583. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 2,560,833. TEMPORARILY RESTRICTED CONTRIBUTIONS AND GRANTS 725,371. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 79,583. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 2,560,833. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 LECOM HAS PUBLICIZED ITS NONDISCRIMINATORY POLICY THROUGH NEWSPAPER MEDIA. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 54288202 0 0 0 0 0 0 54288202 0 54288202 0 0 0 0 1 0 PART I, LINE 2 LECOM DOES NOT MAKE ANY GRANTS OUTSIDE OF THE UNITED STATES. ERIE AUCTION 510816 498521 12295 12295 1037 ELMIRA CASINO NIGHT 235546 211796 23750 23750 20544 5 209728 196728 13000 11500 1500 8957 956090 907045 49045 11500 37545 30538 79583 -30538 1 STUDENT SCHOLARSHIPS 1420 2829933 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 SILVIA M FERRETTI DO PROVOST/VP OF ACADEMICS 1614237 0 0 0 33892 0 26400 0 12371 0 1686900 0 0 0 JOHN M FERRETTI DO PRESIDENT/CEO 1436729 0 0 0 35347 0 26400 0 12339 0 1510815 0 0 0 JAMES Y LIN DO TRUSTEE 0 702732 0 0 0 8823 0 26400 0 23333 0 761288 0 0 MARY L ECKERT SECRETARY 0 660527 0 0 12045 27724 0 19800 0 9294 12045 717345 0 0 STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 375024 0 0 0 6875 0 26363 0 12143 0 420405 0 0 0 RICHARD TERRY DO ASSOCIATE DEAN OF ACADEMIC AFFAIRS 368693 0 0 0 5637 0 26400 0 18663 0 419393 0 0 0 MICHAEL ROWANE DO ASSOCIATE DEAN OF CLINICAL EDUCATION 361111 0 0 0 5637 0 26316 0 18662 0 411726 0 0 0 MARK KAUFFMAN DO ASSOCIATE DEAN OF ACADEMIC AFFAIRS 345103 0 0 0 5509 0 26400 0 7059 0 384071 0 0 0 MATTHEW BATEMAN PHD ASSISTANT PROVOST OF INSTITUTIONAL E 321440 0 0 0 5309 0 26147 0 14724 0 367620 0 0 0 JOSEPH COPPOLA DO PHYSICIAN 319282 0 0 0 264 0 25840 0 18653 0 364039 0 0 0 DENNIS M STYN TRUSTEE 0 282957 0 0 0 34658 0 21784 0 18516 0 357915 0 0 PART I, LINE 1A THE ORGANIZATION SUBSCRIBES TO A CHARTER TRAVEL SHARED-SERVICE PROGRAM. THIS SERVICE IS USED SOLELY FOR BUSINESS PURPOSES. THE ORGANIZATION DOES NOT PAY FOR FIRST-CLASS TRAVEL. THE ORGANIZATION HOLDS AN ANNUAL OFF-SITE MEETING FOR WHICH IT PERMITS EACH PERSON NAMED ON FORM 990, PART VII, SECTION A TO BRING ONE GUEST. THE ORGANIZATION PAYS THE TRAVEL EXPENSES FOR THE INVITED GUEST. FORM 990, PART VI, SECTION A, LINE 2 DR. JOHN M. FERRETTI, D.O. DR. SILVIA M. FERRETTI, D.O. PRES/CEO PROVOST/VP OF ACADEMICS FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 MILLCREEK HEALTH SYSTEM, THE FILING ORGANIZATION'S PARENT CORPORATION, IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B MILLCREEK HEALTH SYSTEM IS THE PARENT CORPORATION OF LECOM. IN ACCORDANCE WITH MILLCREEK HEALTH SYSTEM'S BY-LAWS, ITS BOARD OF TRUSTEES HAS THE RIGHT TO APPROVE ANY AND ALL TRANSACTIONS THAT CHANGE, OR HAVE THE EFFECT OF CHANGING, THE OWNERSHIP AND/OR CONTROL OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING ITS FORMS 990 AND 990-T, THE ORGANIZATION PROVIDED ITS BOARD MEMBERS WITH ACCESS TO ELECTRONIC COPIES OF THE TAX RETURNS AND INVITED COMMENTS AND QUESTIONS FROM THE BOARD MEMBERS. PRIOR TO FILING FORM 990 AND 990-T, MEMBERS OF THE ORGANIZATION'S FINANCIAL MANAGEMENT CONDUCTED DETAILED REVIEWS OF THE TAX FILINGS. THROUGHOUT THE REVIEW PROCESS, THERE WAS ONGOING DISCUSSION BETWEEN THE ORGANIZATION'S FINANCIAL MANAGEMENT AND THE TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A STANDARDIZE CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. ANY POTENTIAL CONFLICTS OF INTEREST ARE ADDRESSED BY AN APPOINTED COMMITTEE WHOSE MEMBERS ARE INDEPENDENT WITH REGARD TO THE MATTER UNDER REVIEW. IF A POTENTIAL CONFLICT OF INTEREST ARISES, IT IS REVIEWED AND DOCUMENTED BY THE APPOINTED COMMITTEE, AND THEN THE APPOINTED COMMITTEE REPORTS THE RESULTS OF ITS REVIEW TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BUDGET/FINANCE COMMITTEE, WHICH ALSO FUNCTIONS AS THE COMPENSATION COMMITTEE, REVIEWED A STUDY PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT. ON AN ANNUAL BASIS, THE COMMITTEE REVIEWS VARIOUS FORM 990 FILINGS BY COMPARATIVE ORGANIZATIONS IN ORDER TO MAKE EXECUTIVE PAY COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: TRANSFER TO RELATED ENTITY -26,153,620. MILLCREEK HEALTH SYSTEM (MHS) 5515 PEACH ST ERIE PA 16509 251766164 PARENT CORPORATION PA 501(C)(3) LINE 12C, III-FI N/A 0 MILLCREEK COMMUNITY HOSPITAL 5515 PEACH ST ERIE PA 16509 251002937 HOSPITAL PA 501(C)(3) LINE 3 MILLCREEK HEALTH SYSTEM 0 MEDICAL ASSOCIATES OF ERIE ONE LECOM PLACE ERIE PA 16509 113716896 PHYSICIAN MANAGEMENT PA 501(C)(3) LINE 10 MILLCREEK HEALTH SYSTEM 0 MILLCREEK MANOR 5515 PEACH ST ERIE PA 16509 251619204 LONG TERM CARE PA 501(C)(3) LINE 3 MILLCREEK HEALTH SYSTEM 0 MILLCREEK HEALTH SYSTEM MEDICAL PRO 5515 PEACH ST ERIE PA 16509 576204119 LIABILITY INSURANCE PA 501(C)(3) LINE 12C, III-FI 0 VISITING NURSE ASSOCIATION OF ERIE COUNTY 2253 WEST GRANDVIEW BOULEVARD ERIE PA 16506 250969488 HOME HEALTH PA 501(C)(3) LINE 7 MILLCREEK HEALTH SYSTEM 0 CORRY MEMORIAL HOSPITAL ASSN (CMH) 965 SHAMROCK LANE CORRY PA 16407 250987222 HOSPITAL PA 501(C)(3) LINE 3 MILLCREEK HEALTH SYSTEM 0 CORRY MEDICAL SERVICES 965 SHAMROCK LANE CORRY PA 16407 251425220 HEALTH CARE PA 501(C)(3) LINE 12B, II CORRY MEMORIAL HOSPITAL ASSOCIATION 0 CORRY MEMORIAL HOSPITAL FOUNDATION 965 SHAMROCK LANE CORRY PA 16407 208285800 FUNDRAISING PA 501(C)(3) LINE 12B, II CORRY MEMORIAL HOSPITAL ASSOCIATION 0 LECOM AT PRESQUE ISLE 4114 SCHAPER AVE ERIE PA 16508 475049201 LONG TERM CARE PA 501(C)(3) LINE 10 MILLCREEK HEALTH SYSTEM 0 ACHIEVEMENT CENTER INC 4950 WEST 23RD STREET SUITE 1 ERIE PA 16506 250965336 THERAPEUTIC SERVICES PA 501(C)(3) LINE 10 MILLCREEK HEALTH SYSTEM 0 COUNSELING SERVICES CENTER INC DBA CORRY COUNSELING SERVICES 45 EAST WASHINGTON STREET CORRY PA 16407 251323591 MENTAL HEALTH SERVICES PA 501(C)(3) LINE 7 MILLCREEK HEALTH SYSTEM 0 LECOM HEALTH RISK RETENTION GROUP 1858 W GRANDVIEW BLVD ERIE PA 16509 854350386 LIABILITY INSURANCE PA 501(C)(3) LINE 12A, I MILLCREEK HEALTH SYSTEM 0 MCH CORPORATION 5515 PEACH ST ERIE PA 16509 251549695 REAL ESTATE PA MILLCREEK HEALTH SYSTEM C 0 CORRY HEALTH SERVICES INC 965 SHAMROCK LAME CORRY PA 16407 251488214 HEALTH CARE PA CORRY MEMORIAL HOSPITAL ASSOCIATION C 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0