2020-02-19T12:09:58-06:00 2019-06-30 420714325 RSM US LLP 201 FIRST STREET SE SUITE 800 CEDAR RAPIDS IA 52401 990 2018-07-01 942515428 PALMER COLLEGE OF CHIROPRACTIC WEST PALM 4089446000 90 E TASMAN SAN JOSE CA 95134 JENNIFER RANDAZZO VICE CHANCELLOR OF FINANCE 5638845871 2020-01-28 1 CARLEY UMSTEAD P00982177 3192985333 66.98.98.134 2020-01-28 14:44:00 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CFDCB964B1DF4C9A9DAAC3B1488004CEFEDD9B1E 2018 2020-09-22 18:59:49Z DENNIS MARCHIORI DC 1000 BRADY STREET DAVENPORT IA 52803 13407146 0 X WWW.PALMER.EDU X 1980 CA THE MISSION OF PALMER COLLEGE OF CHIROPRACTIC IS TO PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES AND ADVANCE KNOWLEDGE THROUGH RESEARCH. 13 12 148 91 2068 -1474 87664 81436 13286055 13118837 147079 187277 10472 19596 13531270 13407146 1333672 1463301 0 0 7178582 6830149 0 0 0 4174515 4468373 12686769 12761823 844501 645323 10751674 11450918 1561897 1584564 9189777 9866354 THE MISSION OF PALMER COLLEGE OF CHIROPRACTIC IS TO PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES AND ADVANCE KNOWLEDGE THROUGH RESEARCH. 0 0 10418063 1463301 13115735 TEACHING THE ART OF CHIROPRACTIC AND OTHER ACTIVITIES RELATED TO EDUCATION. THE ENROLLMENT CONSISTS OF 334 FULL TIME AND 21 PART TIME STUDENTS AS OF 6/30/2019. 10418063 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 406 0 1 148 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA MD NH SC WA OR X JENNIFER RANDAZZO 5638845141 1000 BRADY STREET DAVENPORT IA 52803 TREVOR V IRELAND DC CHAIRPERSON 10.00 20.00 X X 0 1588 0 KENT M FORNEY HCD VICE CHAIRPERSON 2.00 5.00 X X 0 0 0 VICKIE A PALMER HCD SECRETARY GENERAL 1.00 1.00 X X 0 762 0 DON BETZ PHD BOARD MEMBER 1.00 1.00 X 0 0 0 MICHAEL CHANCE DC BOARD MEMBER 1.00 1.00 X 0 824 0 DONNA CRAFT DC BOARD MEMBER 1.00 1.00 X 0 0 0 DONALD DOUCETTE PHD BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN HATFIELD PHD BOARD MEMBER 1.00 1.00 X 0 0 0 CHARLES KELLER DC MA BOARD MEMBER 1.00 1.00 X 0 0 0 KENNETH R KOUPAL BOARD MEMBER 1.00 1.00 X 0 692 0 BARRY L MCALPINE DC BOARD MEMBER 1.00 1.00 X 0 696 0 KENT PILCHER BOARD MEMBER 1.00 1.00 X 0 611 0 PAUL VANDUYNE PE DC BOARD MEMBER 1.00 1.00 X 0 0 0 DENNIS MARCHIORI DC PRESIDENT/CHANCELLOR 10.00 30.00 X 0 476235 66100 LYNNE LINDSTROM EXEC DIR OF BOARD AFFAIRS 10.00 30.00 X 0 85404 16289 TOM TIEMEIER TREASURER 10.00 20.00 X 0 185855 21481 WILLIAM MEEKER CAMPUS PRESIDENT 40.00 X 0 230864 43799 THOMAS SOUZA FACULTY 40.00 X 179700 0 30931 THOMAS MILUS PROFESSOR 40.00 X 169160 0 28977 GREGORY SNOW DEAN 40.00 X 155437 0 12627 BRIAN NOOK ASSOCIATE DEAN 40.00 X 156691 0 27138 ROBERT COOPERSTEIN PROFESSOR 40.00 X 131394 0 11703 792382 983531 259045 11 0 1 0 MAXIM SERVICES LTD INC 2470 ESTAND WAY PLEASANT HILL CA 94523 JANITORIAL 370849 ARAMARK CORPORATION 915 DEGUIGNE DR SUNNYVALE CA 94088 FOOD SERVICE 249950 XEROX CORPORATION PO BOX 802555 CHICAGO IL 60680 COPY & PRINTING 221654 FIRST ALARM SECURITY & PATROL 1731 TECHNOLOGY DRIVE 800 SAN JOSE CA 95110 SECURITY SERVICES 184386 4 52187 29249 81436 TUITION AND FEES 611600 12311271 12311271 CLINIC REVENUE 611710 530022 530022 AUXILIARY SERVICES 611710 277544 277544 13118837 187277 187277 20630 0 20630 20630 20630 PRINT SHOP REVENUE 561439 2068 2068 SUNDRY INCOME 900099 -3102 -3102 -1034 13407146 13115735 2068 207907 1463301 1463301 283470 283470 4629748 4310936 318812 1916931 1764074 152857 31545 31545 1127616 300885 826731 80301 62961 17340 51278 16195 35083 1600543 1296440 304103 136195 119295 16900 45524 23776 21748 914 914 224684 224684 28241 28241 SUPPLIES 450679 325910 124769 EQUIPMENT RENTAL & MAIN 235104 165053 70051 BANK CHARGES & SERVICE 127540 127540 MEMBERSHIPS AND SUBSCRI 70018 3669 66349 258191 212430 45761 12761823 10418063 2343760 0 3094856 3737021 248291 323733 63324 59970 141347 99781 125383 167857 6912365 4510228 2547398 2402137 4531075 4660419 10751674 11450918 1561897 1512749 71815 1561897 1584564 X 8948621 9611340 139151 143865 102005 111149 9189777 9866354 10751674 11450918 645323 31254 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 261600 0 13734 8900 266434 225273 25000 19227 7900 261600 213139 19634 7500 225273 193239 25000 900 6000 213139 193522 4617 4900 193239 0.00000 1.00000 0 1 1 3988043 2237559 1750484 2924322 2272669 651653 2402137 X 11972114 31254 31254 11940860 1466286 1466286 13407146 11295537 0 11295537 1466286 1466286 12761823 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS, OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS, ADMINISTRATIVE/GENERAL EXPENSES. PART X, LINE 2: THE FOUNDATION AND COLLEGE ARE RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION AND COLLEGE MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE FOUNDATION AND COLLEGE FILE A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2019 AND 2018, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE FOUNDATION AND COLLEGE ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2015 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 1,463,301. EXPENSES NETTED WITH REVENUE 1,981. REVENUE NETTED WITH EXPENSES 1,004. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 1,463,301. EXPENSES NETTED WITH REVENUE 1,981. REVENUE NETTED WITH EXPENSES 1,004. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PALMER COLLEGE OF CHIROPRACTIC PUBLISHES ITS EQUAL OPPORTUNITY STATEMENT IN PRINTED MATERIALS THROUGHOUT THE STUDENT RECRUITMENT AND ORIENTATION PERIOD. PALMER COLLEGE OF CHIROPRACTIC DOES NOT ROUTINELY USE NEWSPAPER OR BROADCAST MEDIA IN ITS STUDENT RECRUITMENT EFFORTS. HOWEVER, THE COLLEGE DOES PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY IN A WAY THAT MAKES THE POLICY KNOWN TO PROSPECTIVE STUDENTS BY PUBLISHING THE COLLEGE'S EQUAL OPPORTUNITY STATEMENT IN PRINTED MATERIALS PROVIDED THROUGHOUT THE STUDENT RECRUITMENT PERIOD. IN ADDITION, THE COLLEGE'S EQUAL OPPORTUNITY STATEMENT IS PROVIDED TO CURRENT STUDENTS AND THE GREATER COLLEGE COMMUNITY IN THE COLLEGE CATALOG, WHICH IS AVAILABLE IN PRINT AND ON THE PALMER WEBSITE, AS WELL AS IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS DURING THE STUDENT ORIENTATION PROGRAM. SCHEDULE E, PART I, LINE 6 FEDERAL GRANTS: FEDERAL WORK STUDY PROGRAMS (FWS) PERKINS LOAN PROGRAM 1 EDUCATION GRANTS 269 1381590 N/A N/A STUDENT SCHOLARSHIPS 26 81711 N/A N/A PART I, LINE 2: THE COLLEGE MONITORS ELIGIBILITY FOR THESE AWARDS BY ASSESSING STUDENT RECORDS, FINANCIAL NEED AND ACADEMIC PERFORMANCE. SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS FOR AWARDS. X X 1 1 0 1 0 0 0 0 0 1 0 DENNIS MARCHIORI DC PRESIDENT/CHANCELLOR 0 393598 0 82000 0 637 0 33250 0 32850 0 542335 0 0 TOM TIEMEIER TREASURER 0 164020 0 21542 0 293 0 12348 0 9133 0 207336 0 0 WILLIAM MEEKER CAMPUS PRESIDENT 0 221347 0 6000 0 3517 0 18299 0 25500 0 274663 0 0 THOMAS SOUZA FACULTY 174602 0 4500 0 598 0 13987 0 16944 0 210631 0 0 0 THOMAS MILUS PROFESSOR 165921 0 0 0 3239 0 12042 0 16935 0 198137 0 0 0 GREGORY SNOW DEAN 150339 0 4500 0 598 0 12069 0 558 0 168064 0 0 0 BRIAN NOOK ASSOCIATE DEAN 155591 0 1100 0 0 0 11269 0 15869 0 183829 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL IS ONLY PERMITTED BY THE CURRENT CHAIRMAN OF THE BOARD OF TRUSTEES SINCE HE IS LOCATED IN ANCHORAGE, ALASKA. CHARTER TRAVEL IS ALLOWED IF IT IS LESS EXPENSIVE THAN INDIVIDUAL AIRFARE WHEN A GROUP IS TRAVELING. THESE BENEFITS ARE NOT TREATED AS TAXABLE INCOME. TRAVELS FOR COMPANIONS - FOR ONE BOARD MEETING A YEAR, SPOUSES OF BOARD MEMBERS ARE INVITED TO ATTEND A BOARD MEETING. THE COLLEGE DOES REIMBURSE THE BOARD MEMBER FOR THE SPOUSE'S TRAVEL AND EACH BOARD MEMBER IS PROVIDED AN IRS FORM 1099 FOR THE COST OF THAT TRAVEL. ON A LESS FREQUENT BASIS, SPOUSES OF EXECUTIVES ARE INVITED TO BOARD MEETINGS. THE COST OF THAT TRAVEL IS ADDED TO AN EMPLOYEE'S IRS FORM W-2. PART I, LINE 3 COMPENSATION FOR THE CEO/CHANCELLOR IS DETERMINED BY THE BOARD OF PALMER COLLEGE FOUNDATION, A RELATED ENTITY. PART I, LINE 4B THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. CONTRIBUTIONS DURING THE YEAR TOTALED $11,250 FOR DENNIS MARCHIORI, PRESIDENT/CHANCELLOR. PART I, LINE 7 EXECUTIVE ADMINISTRATORS REPORTING DIRECTLY AND PRIMARILY TO THE CHANCELLOR ARE AWARDED BONUSES ON A DISCRETIONARY BASIS DETERMINED BY THE CHANCELLOR USING A REVIEW OF DIFFERENT FACTORS SUCH AS COLLEGE, DIVISION AND DEPARTMENT OUTCOMES. THE FUNDS USED FOR THESE BONUSES ARE DETERMINED BY THE CHANCELLOR AND VICE CHANCELLOR FOR FINANCE BASED ON A REVIEW OF FINANCES AND GENERAL ACCOMPLISHMENTS OF THE ADMINISTRATION. ADMINISTRATORS AND STAFF BELOW THE ORGANIZATIONAL LEVEL ARE ALSO ELIGIBLE FOR DISCRETIONARY BONUSES REVIEWED BY THE EXECUTIVE ADMINISTRATION TEAM. PART II, COMPENSATION WILLIAM MEEKER IS EMPLOYED BY PALMER COLLEGE FOUNDATION, HOWEVER, HIS SERVICES ARE PERFORMED FOR PALMER COLLEGE OF CHIROPRACTIC WEST AND HIS FULL COMPENSATION IS REIMBURSED BY WEST TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, PALMER COLLEGE FOUNDATION. THE RIGHTS, POWERS, DUTIES AND OBLIGATIONS OF THE MEMBER IS AND SHALL BE IDENTICAL TO THOSE OF THE MEMBERS OF PALMER COLLEGE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE ELECTED AT THE SAME TIME AND IN THE SAME MANNER AS PROVIDED IN THE ARTICLES OF INCORPORATION AND/OR THE BYLAWS OF PALMER COLLEGE FOUNDATION. THE PERSONS NOMINATED FOR THE POSITION OF TRUSTEE BY THE BOARD OF TRUSTEES OF PALMER COLLEGE FOUNDATION AND/OR THE MEMBERS THEREOF SHALL BE NOMINATED TO SERVE IN THAT CAPACITY AS A TRUSTEE OF THIS CORPORATION AS WELL AS PALMER COLLEGE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THOSE PROVISIONS OF THE ARTICLES OF INCORPORATION AND/OR THE BYLAWS OF THE CORPORATION THAT AFFECT THE RIGHTS, POWERS AND/OR DUTIES OF THE MEMBERS, INCLUSIVE OF THE RIGHT TO ELECT MEMBERS AND TRUSTEES AND/OR DISSOLVE THE CORPORATION OR SELL ALL OF ITS ASSETS OR EFFECT A MERGER OR CONSOLIDATION, MUST BE APPROVED BY A MAJORITY VOTE OF ALL OF THE MEMBERS. (SEE AMENDED & RESTATED ARTICLES OF INCORPORATION - 2012, ARTICLE IV, AND BYLAWS - 2012, ARTICLE II). FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF THE DRAFT OF THE FORM 990 BY AN EXTERNAL ACCOUNTING FIRM, THE FORM 990 DRAFT IS SHARED WITH THE VICE CHANCELLOR FOR FINANCE AND HER STAFF FOR THEIR REVIEW AND CORRECTION OF ANY ERRORS. ONCE THOSE CORRECTIONS HAVE BEEN MADE, THE FORM 990 DRAFT IS SHARED WITH THE AUDIT COMMITTEE OF THE COLLEGE'S BOARD OF TRUSTEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS BEEN DESIGNATED AS THE COMMITTEE TO REVIEW THE FORM 990 BEFORE IT IS FILED. THE AUDIT COMMITTEE AND VICE CHANCELLOR FOR FINANCE WILL MEET TO REVIEW THE DRAFT FORM 990 WITH REPRESENTATIVES OF THE ACCOUNTING FIRM WHO COMPLETED THE DRAFT FORM 990, IF CONSIDERED NECESSARY. ONCE THE DRAFT HAS BEEN REVIEWED AND ANY CORRECTIONS MADE, COPIES OF THE FORM 990 WILL BE PROVIDED TO THE FULL BOARD OF TRUSTEES. ONCE BOARD RECEIPT HAS BEEN DETERMINED, THE VICE CHANCELLOR FOR FINANCE WILL SIGN AND FILE THE 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYEES TO COMPLETE AN ANNUAL FORM TO COMPLY WITH ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CONSIDERS SEVERAL SOURCES IN DETERMINING COMPENSATION FOR SENIOR ADMINISTRATORS SUCH AS THE ACC SURVEYS, CHRONICLE OF HIGHER EDUCATION SURVEYS, GUIDANCE FROM PROFESSIONAL COMPENSATION CONSULTANTS AND ALSO WITH SURVEYS CONDUCTED BY OUR HUMAN RESOURCES DEPARTMENT. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE MEETS PERIODICALLY DRING THE YEAR TO REVIEW THE CHANCELLOR'S PERFORMANCE AND SETS THE CHANCELLOR'S COMPENSATION. THESE DISCUSSIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE CHANCELLOR SETS THE SENIOR ADMINISTRATORS SALARIES USING THE SURVEYS LISTED ABOVE AS GUIDANCE. PERIODICALLY, THE CHANCELLOR REPORTS TO THE APPROPRIATE BOARD COMMITTEE TO REVIEW SALARIES OF THE SENIOR ADMINISTRATORS. FORM 990, PART VI, SECTION C, LINE 19 PALMER COLLEGE DOES NOT MAKE ITS POLICIES, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IV, LINE 12A-AUDITED FINANCIAL STATEMENTS THE ORGANIZATION IS INCLUDED IN THE CONSOLIDATED ENTITY AUDIT WITH PALMER COLLEGE FOUNDATION AND RECEIVES CONSOLIDATED GAAP FINANACIAL STATEMENTS ON AN ANNUAL BASIS FROM INDEPENDENT AUDITORS. THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PALMER COLLEGE FOUNDATION 1000 BRADY STREET DAVENPORT IA 52803 426081293 EDUCATION IA 501(C)(3) LINE 2 N/A 0 DR DAVID D PALMER ATHLETIC TRUST 1000 BRADY STREET DAVENPORT IA 52803 274313852 FUND RAISING IA 501(C)(3) LINE 12A, I PALMER COLLEGE FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0