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LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC (EIN 25-1698677)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-14
IRS object ID
201841349349308164
Schema version
2016v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-14T15:54:32-04:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN251690617PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHAFFNER KNIGHT MINNAUGH & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11545 WEST 38TH STREETAddressLine1Txt
CityERIECityNm
State AbbreviationPAStateAbbreviationCd
ZIP165082347ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN251698677EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE ERIE COLLEGE OF OSTEOPATHICBusinessNameLine1Txt
Business Name Line2MEDICINEBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone8148666641PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15515 PEACH STREETAddressLine1Txt
CityERIECityNm
State AbbreviationPAStateAbbreviationCd
ZIP16509ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD P OLINGERPersonNm
Person TitleTREASURER/CFOPersonTitleTxt
Phone8148666641PhoneNum
Signature2018-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDENNIS W GROW CPAPreparerPersonNm
PTINP00190259PTIN
Phone8144541997PhoneNum
Preparation2018-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN M FERRETTI DOPrincipalOfficerNm
Gross Receipts$228,712,930GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LECOM.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTHE 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.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee1127TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$3,539,977TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$513,460NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,317,187PYContributionsGrantsAmt
CY Contributions Grants$9,322,242CYContributionsGrantsAmt
PY Program Service Revenue$122,590,877PYProgramServiceRevenueAmt
CY Program Service Revenue$127,723,368CYProgramServiceRevenueAmt
PY Investment Income$4,122,330PYInvestmentIncomeAmt
CY Investment Income$7,471,800CYInvestmentIncomeAmt
PY Other Revenue$7,965,975PYOtherRevenueAmt
CY Other Revenue$8,809,599CYOtherRevenueAmt
PY Total Revenue$139,996,369PYTotalRevenueAmt
CY Total Revenue$153,327,009CYTotalRevenueAmt
PY Grants And Similar Paid$3,702,317PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,570,730CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$38,999,293PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$41,226,219CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$38,936,429PYOtherExpensesAmt
CY Other Expenses$43,889,543CYOtherExpensesAmt
PY Total Expenses$81,638,039PYTotalExpensesAmt
CY Total Expenses$88,686,492CYTotalExpensesAmt
PY Revenues Less Expenses$58,358,330PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$64,640,517CYRevenuesLessExpensesAmt
Total Assets BOY$385,921,054TotalAssetsBOYAmt
Total Assets EOY$448,146,971TotalAssetsEOYAmt
Total Liabilities BOY$45,053,034TotalLiabilitiesBOYAmt
Total Liabilities EOY$47,589,067TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$340,868,020NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$400,557,904NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$67,484,125ExpenseAmt
Grant$3,570,730GrantAmt
DescLECOM 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 INITIAL 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, 2017, THERE WERE OVER 4,190 MEDICAL, PHARMACY, DENTAL,POST-BACCALAUREATE, AND MASTERS STUDENTS ENROLLED. THE COLLEGE HAS THREE CAMPUSES: ERIE, PENNSYLVANIA, GREENSBURG, PENNSYLVANIA, AND BRADENTON, FLORIDA.Desc
Total Program Service Expenses$67,484,125TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (true)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document152IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1127EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRICHARD P OLINGERPersonNm
Phone8148644031PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15515 PEACH STREETAddressLine1Txt
CityERIECityNm
State AbbreviationPAStateAbbreviationCd
ZIP16509ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
SILVIA M FERRETTI DO
PROVOST/VP O73.007.00Yes (X)Yes (X)$1,094,420$0$32,069
JOHN M FERRETTI DO
PRESIDENT/CE56.0024.00Yes (X)Yes (X)$869,345$0$31,852
MARY L ECKERT
SECRETARY4.0076.00Yes (X)Yes (X)$7,426$800,434$31,753
RICHARD P OLINGER
TREASURER/CF28.0037.00Yes (X)Yes (X)$386,967$284,511$40,826
DENNIS M STYN
TRUSTEE4.0061.00Yes (X)$0$358,837$41,591
MICHAEL J FEINSTEIN DO
TRUSTEE15.00Yes (X)$170,000$0$0
JOHN M MAGENAU III PHD
TRUSTEE1.00Yes (X)$0$0$0
JOAN L MOORE DO
TRUSTEE1.00Yes (X)$0$0$0
MARLENE D MOSCO
TRUSTEE1.001.00Yes (X)Yes (X)$0$0$0
NANCY PEADEN
TRUSTEE1.00Yes (X)$0$0$0
THOMAS J WEDZIK
TRUSTEE1.00Yes (X)$0$0$0
SUZANNE K KELLEY DO
TRUSTEE1.00Yes (X)$0$0$0
HERSHEY BELL MD
EMPLOYEE40.00$410,243$0$36,134Yes (X)
ROBERT GEORGE DO
EMPLOYEE40.00$322,001$0$32,359Yes (X)
RICHARD TERRY DO
EMPLOYEE40.00$300,030$0$36,134Yes (X)
MARK K KAUFFMAN DO
EMPLOYEE40.00$264,659$0$27,312Yes (X)
JOHN D ANGELONI DO
EMPLOYEE40.00$245,998$0$30,979Yes (X)
ANTHONY JOHN FERRETTI DO
EMPLOYEE40.00$245,483$0$30,914Yes (X)
REGAN SHABLOSKI DO
EMPLOYEE40.00$243,848$0$34,537Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,560,420TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,443,782TotReportableCompRltdOrgAmt
Total Other Compensation$406,460TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K86IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CHURCH AND MURDOCK
PO BOX 10908ERIEPA16514CONSTRUCTION SV$4,155,850
SUOMI INC
1550 SOUTH COAST HIGHWAYLAGUNA BEACHCA92651CUSTOM FURNISHI$735,300
LM WANDER & SONS
8711 PEACH STREETERIEPA16509LANDSCAPING$496,767
ALLEGHENY HEALTH NETWORK
2550 MOSSIDE BLVDMONROEVILLEPA15146CONTRACTED SVCS$450,000
NETWORKING TECHNOLOGIES INC
3910 CAUGHEY RDERIEPA16506COMPUTER CONSUL$395,364
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K27CntrctRcvdGreaterThan100KCnt
Fundraising$1,299,470FundraisingAmt
All Other Contributions$8,022,772AllOtherContributionsAmt
Total Contributions$9,322,242TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES$126,413,099$126,413,099
APPLICATION FEES$1,310,269$1,310,269
FieldValueIRS element (for citing)
Total Program Service Revenue$127,723,368TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,695,977TotalRevenueColumnAmt
Exclusion$4,695,977ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$381,895RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$381,895RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$381,895TotalRevenueColumnAmt
Related Or Exempt Func Income$381,895RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$78,078,233SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$75,302,410SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,775,823SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,775,823TotalRevenueColumnAmt
Related Or Exempt Func Income$2,775,823RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$153,680FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,299,470ContriRptFundraisingEventAmt
Fundraising Direct Expenses$83,511FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$70,169TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtBusinessBusinessCdUnrelated Business RevenueUnrelatedBusinessRevenueAmt
OTHER REVENUE$3,941,466$3,941,466
WELLNESS CENTER/COFFEE CULTUR$3,539,977713940$3,539,977
OPTI DUES$319,538$319,538

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$556,554TotalRevenueColumnAmt
Related Or Exempt Func Income$556,554RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$8,357,535OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$153,327,009TotalRevenueColumnAmt
Related Or Exempt Func Income$135,698,644RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$3,539,977UnrelatedBusinessRevenueAmt
Exclusion$4,695,977ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$3,570,730TotalAmt
Program Services$3,570,730ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,403,162TotalAmt
Program Services$2,647,183ProgramServicesAmt
Management And General$755,979ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$30,100,388TotalAmt
Program Services$23,413,882ProgramServicesAmt
Management And General$6,686,506ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,489,227TotalAmt
Program Services$1,158,410ProgramServicesAmt
Management And General$330,817ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,953,262TotalAmt
Program Services$3,075,084ProgramServicesAmt
Management And General$878,178ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,280,180TotalAmt
Program Services$1,773,660ProgramServicesAmt
Management And General$506,520ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$96,000TotalAmt
Management And General$96,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$580,972TotalAmt
Management And General$580,972ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$64,176TotalAmt
Management And General$64,176ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$400,640TotalAmt
Program Services$311,642ProgramServicesAmt
Management And General$88,998ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$984,442TotalAmt
Management And General$984,442ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,047,991TotalAmt
Program Services$6,260,209ProgramServicesAmt
Management And General$1,787,782ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,712,449TotalAmt
Program Services$2,109,905ProgramServicesAmt
Management And General$602,544ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,280,150TotalAmt
Program Services$2,551,497ProgramServicesAmt
Management And General$728,653ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$617,039TotalAmt
Program Services$479,970ProgramServicesAmt
Management And General$137,069ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,610,287TotalAmt
Program Services$4,364,017ProgramServicesAmt
Management And General$1,246,270ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$870,517TotalAmt
Program Services$677,140ProgramServicesAmt
Management And General$193,377ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$342,185TotalAmt
Management And General$342,185ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,771,753TotalAmt
Program Services$6,823,194ProgramServicesAmt
Management And General$1,948,559ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,497,585TotalAmt
Program Services$1,942,771ProgramServicesAmt
Management And General$554,814ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STUDENT ROTATION FEES$2,343,000$2,343,000
CONTRIBUTIONS$1,794,066$1,794,066
REPAIRS AND MAINTENANCE$1,320,387$1,027,076$293,311
DUES AND SUBSCRIPTIONS$1,102,965$857,952$245,013

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,452,939TotalAmt
Program Services$2,096,803ProgramServicesAmt
Management And General$356,136ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$88,686,492TotalAmt
Program Services$67,484,125ProgramServicesAmt
Management And General$21,202,367ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$26,800,704BOYAmt
EOY$27,884,887EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$52,521,226BOYAmt
EOY$99,853,400EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,184,703BOYAmt
EOY$1,395,633EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$850,781BOYAmt
EOY$960,912EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,899,480BOYAmt
EOY$3,086,312EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$200,800,045LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$75,192,925LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$126,208,299BOYAmt
EOY$125,607,120EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$165,567,248BOYAmt
EOY$184,359,321EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$9,888,613BOYAmt
EOY$4,999,386EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$385,921,054BOYAmt
EOY$448,146,971EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,322,479BOYAmt
EOY$8,470,636EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$34,120,629BOYAmt
EOY$35,548,365EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,609,926BOYAmt
EOY$3,570,066EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$45,053,034BOYAmt
EOY$47,589,067EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$338,247,017BOYAmt
EOY$397,884,349EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,621,003BOYAmt
EOY$2,673,555EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$340,868,020BOYAmt
EOY$400,557,904EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$385,921,054BOYAmt
EOY$448,146,971EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$64,640,517ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,996,815NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$14,947,448OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$400,640OtherActivitiesAmt
Total Lobbying Expenditures$400,640TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B, LINE 1FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION HAS RETAINED GOVERNMENTAL COUNSEL TO REPRESENT ITS INTERESTS IN LEGISLATIVE AND OTHER GOVERNMENTAL MATTERS AT BOTH THE STATE AND FEDERAL LEVELS.ExplanationTxt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,621,003BeginningYearBalanceAmt
Contributions$292,279ContributionsAmt
Grants Or Scholarships$187,251GrantsOrScholarshipsAmt
Other Expenditures$52,476OtherExpendituresAmt
End Year Balance$2,673,555EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,068,935BeginningYearBalanceAmt
Contributions$582,514ContributionsAmt
Grants Or Scholarships$6,249GrantsOrScholarshipsAmt
Other Expenditures$24,197OtherExpendituresAmt
End Year Balance$2,621,003EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,958,497BeginningYearBalanceAmt
Contributions$252,783ContributionsAmt
Grants Or Scholarships$105,000GrantsOrScholarshipsAmt
Other Expenditures$37,345OtherExpendituresAmt
End Year Balance$2,068,935EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,654,633BeginningYearBalanceAmt
Contributions$310,524ContributionsAmt
Grants Or Scholarships$4,749GrantsOrScholarshipsAmt
Other Expenditures$1,911OtherExpendituresAmt
End Year Balance$1,958,497EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$934,298BeginningYearBalanceAmt
Contributions$731,694ContributionsAmt
Grants Or Scholarships$8,250GrantsOrScholarshipsAmt
Other Expenditures$3,109OtherExpendituresAmt
End Year Balance$1,654,633EndYearBalanceAmt
FieldValueIRS element (for citing)
Term Endowment Balance EOY1.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,263,018OtherCostOrOtherBasisAmt
Book Value$14,263,018BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$151,795,761OtherCostOrOtherBasisAmt
Depreciation$53,522,305DepreciationAmt
Book Value$98,273,456BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,175,272OtherCostOrOtherBasisAmt
Depreciation$2,456,151DepreciationAmt
Book Value$1,719,121BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$30,565,994OtherCostOrOtherBasisAmt
Depreciation$19,214,469DepreciationAmt
Book Value$11,351,525BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$125,607,120TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO AFFILIATES$2,390,749
457(B) PLAN$895,524
OPTI FUND$283,793
FieldValueIRS element (for citing)
Total Liability$3,570,066TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$159,008,379TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$9,996,815NetUnrealizedGainsInvstAmt
Other Revenue$239,727OtherRevenueAmt
Revenue Not Reported$10,236,542RevenueNotReportedAmt
Revenue Subtotal$148,771,837RevenueSubtotalAmt
Investment Expenses Not Incld$984,442InvestmentExpensesNotIncldAmt
Other Revenues Not Included$3,570,730OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$4,555,172RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$153,327,009TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$84,371,047TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$239,727OtherExpensesIncludedAmt
Expenses Not Reported$239,727ExpensesNotReportedAmt
Expenses Subtotal$84,131,320ExpensesSubtotalAmt
Investment Expenses Not Incld2$984,442InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$3,570,730OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$4,555,172ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$88,686,492TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XTHE COLLEGE FOLLOWS THE GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE COLLEGE'S FINANCIAL STATEMENTS THAT PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE GUIDANCE ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT THIS GUIDANCE HAD NO MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED ON THE STATEMENTS OF ACTIVITIES AS A RESULT OF THIS GUIDANCE. GENERALLY, TAX RETURNS FOR YEARS ENDED JUNE 30, 2014 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES.
SCHEDULE D, PAGE 4, PART XI, LINE 2DNET ASSETS RELEASED FROM RESTRICTIONS 239,727
SCHEDULE D, PAGE 4, PART XI, LINE 4BCOLLEGE FUNDED SCHOLARSHIPS 3,570,730
SCHEDULE D, PAGE 4, PART XII, LINE 2DNET ASSETS RELEASED FROM RESTRICTIONS 239,727
SCHEDULE D, PAGE 4, PART XII, LINE 4BCOLLEGE FUNDED SCHOLARSHIPS 3,570,730

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3LECOM HAS PUBLICIZED ITS NONDISCRIMINATORY POLICY THROUGH NEWSPAPER MEDIA.
SCHEDULE E, LINE 6LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE RECEIVES FINANCIAL ASSISTANCE FROM THE FLORIDA DEPARTMENT OF EDUCATION WHICH IS UTILIZED TO REDUCE THE TUITION REQUIRED FROM STUDENTS AT THE BRADENTON CAMPUS WHO ARE ALSO FLORIDA RESIDENTS. DURING THE FISCAL YEAR ENDED 6/30/2017, THE COLLEGE RECEIVED 2,045,535 IN SUCH FUNDING.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FUNDRAISINGEvent1Nm
Gross Receipts Event1$1,453,150GrossReceiptsEvent1Amt
Charitable Contri Event1$1,299,470CharitableContriEvent1Amt
Gross Revenue Event1$153,680GrossRevenueEvent1Amt
Cash Prizes Event1$1,250CashPrizesEvent1Amt
Rent Facility Costs Event1$42,457RentFacilityCostsEvent1Amt
Other Direct Expenses Event1$39,804OtherDirectExpensesEvent1Amt
Gross Receipts Total$1,453,150GrossReceiptsTotalAmt
Charitable Contributions Tot$1,299,470CharitableContributionsTotAmt
Gross Revenue Total Events$153,680GrossRevenueTotalEventsAmt
Cash Prizes Total Events$1,250CashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$42,457RentFcltyCostsTotalEventsAmt
Oth Direct Expnss Total Events$39,804OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$83,511DirectExpenseSummaryEventsAmt
Net Income Summary$70,169NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSTUDENT SCHOLARSHIPSGrantTypeTxt
Recipient1673RecipientCnt
Cash Grant$3,570,730CashGrantAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
SILVIA M FERRETTI DO
PROVOST/VP OF ACADEM$1,072,770$21,650$21,200$10,869$1,126,489
JOHN M FERRETTI DO
PRESIDENT/CEO$844,322$25,023$21,200$10,652$901,197
MARY L ECKERT
SECRETARY$7,426$5,173$12,599$777,159$23,275$21,200$5,380$827,014
RICHARD P OLINGER
TREASURER/CFO$354,440$32,527$5,173$392,140$284,511$21,200$14,453$320,164
DENNIS M STYN
TRUSTEE$332,330$26,507$21,200$20,391$400,428
MICHAEL J FEINSTEIN DO
TRUSTEE$170,000$170,000
HERSHEY BELL MD
EMPLOYEE$409,979$264$21,200$14,934$446,377
ROBERT GEORGE DO
EMPLOYEE$320,931$1,070$21,200$11,159$354,360
RICHARD TERRY DO
EMPLOYEE$299,889$141$21,200$14,934$336,164
MARK K KAUFFMAN DO
EMPLOYEE$264,567$92$21,184$6,128$291,971
JOHN D ANGELONI DO
EMPLOYEE$245,413$585$19,820$11,159$276,977
ANTHONY JOHN FERRETTI DO
EMPLOYEE$245,483$19,755$11,159$276,397
REGAN SHABLOSKI DO
EMPLOYEE$243,707$141$19,708$14,829$278,385

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PAGE 1, PART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
VANTAGE
COMMON TRUSTEE$339,228VENDORfalse
VANTAGE
COMMON TRUSTEE$131,878PROPERTY RENTALfalse
RICHARD FERRETTI LECOM EMPLOYEE
RELATED TO HCE$220,544EMPLOYMENTfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationMARY ECKERT, TRUSTEE AND OFFICER OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM), ALSO SERVES ON THE VANTAGE BOARD. VANTAGE SELLS MEDICAL SERVICES AND SUPPLIES TO LECOM AND RENTS PROPERTY FROM LECOM. ADDITIONALLY, LECOM HOLDS A 12.15% OWNERSHIP INTEREST IN VANTAGE FOR WHICH A 39,442 SHAREHOLDER DISTRIBUTION WAS PAID DURING THE FISCAL YEAR ENDED JUNE 30, 2017. RICHARD FERRETTI, AN EMPLOYEE OF LECOM, HAS A FAMILY RELATIONSHIP WITH DR. ANTHONY JOHN FERRETTI, D.O., A HIGHLY COMPENSATED EMPLOYEE OF LECOM.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE 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.
FORM 990, PAGE 2, PART III, LINE 4APHILOSOPHICAL 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, 2017, THERE WERE OVER 4,190 MEDICAL, PHARMACY, DENTAL,POST-BACCALAUREATE, AND MASTERS STUDENTS ENROLLED. THE COLLEGE HAS THREE CAMPUSES: ERIE, PENNSYLVANIA, GREENSBURG, PENNSYLVANIA, AND BRADENTON, FLORIDA.
FORM 990, PAGE 6, PART VI, LINE 2DR. JOHN M. FERRETTI, D.O. DR. SILVIA M. FERRETTI, D.O. PRES/CEO KEY EMPLOYEE FAMILY RELATIONSHIP DR. JOHN M. FERRETTI, D.O. DR. ANTHONY JOHN FERRETTI, D.O. PRES/CEO HCE FAMILY RELATIONSHIP DR. SILVIA M. FERRETTI, D.O. DR. ANTHONY JOHN FERRETTI, D.O. KEY EMPLOYEE HCE FAMILY RELATIONSHIP
FORM 990, PAGE 6, PART VI, LINE 6MILLCREEK HEALTH SYSTEM, THE FILING ORGANIZATION'S PARENT CORPORATION, IS THE SOLE MEMBER OF THE FILING ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 7BMILLCREEK 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, PAGE 6, PART VI, LINE 11BPRIOR 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, PAGE 6, PART VI, LINE 12CEACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A STANDARDIZED 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, PAGE 6, PART VI, LINE 15ATHE 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, PAGE 6, PART VI, LINE 15BTHE 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, PAGE 6, PART VI, LINE 19THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9TEMPORARILY RESTRICTED CONTRIBUTIONS AND GRANTS 292,279 NET ASSETS RELEASED FROM RESTRICTION -239,727 TRANSFER TO RELATED ENTITY -15,000,000 TOTAL -14,947,448

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
MILLCREEK HEALTH SYSTEM (MHS)
5515 PEACH STREETERIEPA16509251766164PARENT CORPA501C312CNAfalse
MILLCREEK COMMUNITY HOSPITAL
5515 PEACH STREETERIEPA16509251002937HOSPITALPA501C33MHSfalse
MILLCREEK MANOR
5515 PEACH STREETERIEPA16509251619204SR CAREPA501C33MHSfalse
MILLCREEK HEALTH SYSTEM MEDICAL PRO
5515 PEACH STREETERIEPA16509576204119LIAB INSPA501C312CMHSfalse
MEDICAL ASSOCIATES OF ERIE
ONE LECOM PLACEERIEPA16505113716896PHYS MGTPA501C310MHSfalse
ERIE CENTER ON HEALTH AND AGING
406 PEACH STREETERIEPA16507251361363SR HEALTHPA501C37MHSfalse
CORRY MEMORIAL HOSPITAL ASSN (CMH)
925 SHAMROCK LANEERIEPA16407250987222HOSPITALPA501C33MHSfalse
LECOM AT PRESQUE ISLE
4114 SCHAPER AVEERIEPA16508475049201SR CAREPA501C310MHSfalse
VISING NURSE ASSN OF ERIE COUNTY
2253 WEST GRANDVIEW BLVDERIEPA16506250969488HOME HLTHPA501C37MHSfalse
CORRY MEDICAL SERVICES
965 SHAMROCK LANECORRYPA16407251425220HLTH CAREPA501C312ACMHfalse
CORRY MEMORIAL HOSPITAL FOUNDATION
965 SHAMROCK LANECORRYPA16407208285800FNDRAISINGPA501C312ACMHfalse

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
MCH CORPORATION
5515 PEACH STREETERIEPA16509251549695REAL ESTATPAMHSC CORPfalse
CORRY HEALTH SERVICES INC
965 SHAMROCK LANECORRYPA16407251488214HLTH CAREPACMHC CORPfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgYes (true)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd