2016-05-12T09:55:00-05:00 2015-06-30 420714325 RSM US LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2014-07-01 942515428 PALMER COLLEGE OF CHIROPRACTIC-WEST PALM 5638845871 90 E TASMAN SAN JOSE CA 95134 THOMAS TIEMEIER CFO/TREASURER 5638845871 2016-05-09 1 CARLEY UMSTEAD P00982177 3192985333 2014 2016-08-17 19:52:53Z DENNIS MARCHIORI DC 1000 BRADY STREET DAVENPORT IA 52803 13272798 0 X WWW.PALMER.EDU X 1980 CA THE MISSION OF THE COLLEGES OF PALMER COLLEGE SYSTEM IS TO EDUCATE AND PREPARE STUDENTS TO BECOME DOCTORS OF CHIROPRACTIC QUALIFIED TO SERVE AS PRIMARY CONTACT HEALTH CARE PROVIDERS; TO ADVANCE THE UNDERSTANDING OF CHIROPRACTIC THROUGH RESEARCH; AND TO SERVE HUMANITY THROUGH PATIENT CARE AND COMMUNITY EDUCATION. 12 12 147 92 3641 0 130956 99743 11224314 13163112 18259 6008 1014611 3935 12388140 13272798 549022 871640 0 0 5183261 5403429 0 0 0 4067880 3949706 9800163 10224775 2587977 3048023 10487271 5290111 10576320 2342693 -89049 2947418 X THE MISSION OF PALMER COLLEGE OF CHIROPRACTIC, BASED ON THE PALMER TENETS, IS TO EDUCATE AND PREPARE STUDENTS TO BECOME DOCTORS OF CHIROPRACTIC QUALIFIED TO SERVE AS DIRECT ACCESS PRIMARY HEALTH CARE PROVIDERS AND CLINICIANS, COMPETENT IN WELLNESS PROMOTION, HEALTH ASSESSMENT, DIAGNOSIS AND THE CHIROPRACTIC MANAGEMENT OF THE PATIENT'S HEALTH CARE NEEDS. PALMER IS COMMITTED TO ADVANCING THE UNDERSTANDING OF CHIROPRACTIC THROUGH RESEARCH; TO PROVIDING SERVICE TO THE FIELD OF CHIROPRACTIC, INCLUDING CONTINUING EDUCATION; AND TO SERVING HUMANITY THROUGH PATIENT CARE AND COMMUNITY EDUCATION. 0 0 8529227 871640 13162428 TEACHING THE ART OF CHIROPRACTIC AND OTHER ACTIVITIES RELATED TO EDUCATION. THE ENROLLMENT CONSISTS OF 386 FULL TIME AND 11 PART TIME STUDENTS. 8529227 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 1 408 0 1 147 1 1 1 0 0 0 0 0 0 0 0 0 X 12 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 X ALEXIS VANDER HORN 5638845102 1000 BRADY STREET DAVENPORT IA 52803 TREVOR V IRELAND DC CHAIRPERSON 2.00 5.00 X X 0 8145 0 KENT M FORNEY HCD VICE CHAIRPERSON 2.00 5.00 X X 0 0 0 VICKIE A PALMER HCD SECRETARY GENERAL & BOARD MEMBER 1.00 1.00 X X 0 0 0 MICHAEL CHANCE DC 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 0 0 BARRY L MCALPINE DC BOARD MEMBER 1.00 1.00 X 0 1979 0 WILLIAM E MORGAN DC BOARD MEMBER 1.00 1.00 X 0 2052 0 KENT PILCHER BOARD MEMBER 1.00 1.00 X 0 1895 0 PAUL VANDUYNE PE DC BOARD MEMBER 1.00 1.00 X 0 0 0 WILLIAM L WILKE BOARD MEMBER 1.00 1.00 X 0 0 0 DENNIS MARCHIORI DC PRESIDENT/CHANCELLOR 10.00 30.00 X 0 409534 40446 THOMAS TIEMEIER CFO/TREASURER 10.00 30.00 X 0 193760 31302 LYNNE LINDSTROM EXEC DIR OF BOARD AFFAIRS 10.00 30.00 X 0 70907 14332 WILLIAM MEEKER DC PRESIDENT 40.00 0.00 X 0 230983 36898 JULIE BEHN SENIOR DIRECTOR 40.00 0.00 X 126250 0 12864 WILLIAM DUMONTHIER DEAN 40.00 0.00 X 137349 0 34632 THOMAS MILUS PROFESSOR 40.00 0.00 X 155115 0 27588 GREGORY SNOW DEAN 40.00 0.00 X 125646 0 39749 THOMAS SOUZA DEAN 40.00 0.00 X 150006 0 25372 694366 919255 263183 8 0 1 0 WELKER BROS 970 S MILPITAS BLVD MILPITAS CA 95035 CONSTRUCTION 221759 ARAMARK CORPORATION 915 DEGUIGNE DR SUNNYVALE CA 94088 FOOD SERVICE 175908 SERVICE BY MEDALLION 455 NATIONAL AVENUE MOUNTAIN VIEW CA 94043 JANITORIAL 162584 XEROX CORPORATION PO BOX 802555 CHICAGO IL 60680 COPY & PRINTING SERVICE 143722 4 65503 34240 10530 99743 TUITION AND FEES 611600 12417934 12417934 CLINIC REVENUE 611710 376768 376768 AUXILIARY SERVICES 611710 367726 367726 684 684 13163112 3772 3772 294 0 294 294 294 2236 0 2236 2236 2236 PRINT SHOP REVENUE 561439 3641 3641 3641 13272798 13162428 3641 6986 871640 871640 4053600 3820857 232743 1349829 1234027 115802 73997 73997 597142 215959 381183 99009 69789 29220 47679 11454 36225 1270070 1028757 241313 69046 45144 23902 37620 21112 16508 251994 251994 150529 150529 SUPPLIES 555293 396351 158942 EQUIPMENT RENTAL & MAIN 398943 256838 142105 BANK CHARGES & SERVICE 107592 93437 14155 STUDENT AID - WORK STUD 87338 87338 203454 124530 78924 10224775 8529227 1695548 0 8202968 2907745 100000 100000 103158 97521 217840 136627 232310 110600 5722814 3797735 1618809 1925079 12186 12539 10487271 5290111 10576320 2342693 10576320 2342693 X -276014 2760734 63840 63559 123125 123125 -89049 2947418 10487271 5290111 X 3048023 -1026 -10530 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 193522 4617 4900 193239 153826 25000 17596 2900 193522 147334 9192 2700 153826 95075 50000 4759 2500 147334 87268 10307 2500 95075 0.00000 0.62000 0.38000 0 1 1 3376541 1828086 1548455 2295439 1969649 325790 50834 50834 1925079 X 12389602 -1026 -1026 12390628 882170 882170 13272798 9353135 0 9353135 871640 871640 10224775 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 THE 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, 2015 AND 2014, 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, 2011 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 871,640. NON CASH CONTRIBUTIONS 10,530. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 871,640. 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 147 741748 N/A N/A STUDENT SCHOLARSHIPS 21 129892 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 0 1 X X X X 0 0 0 0 0 0 0 0 0 DENNIS MARCHIORI DC PRESIDENT/CHANCELLOR 0 344675 0 64220 0 639 0 20800 0 19646 0 449980 0 0 THOMAS TIEMEIER CFO/TREASURER 0 186747 0 5000 0 2013 0 14972 0 16330 0 225062 0 0 WILLIAM MEEKER DC PRESIDENT 0 208952 0 20000 0 2031 0 17252 0 19646 0 267881 0 0 WILLIAM DUMONTHIER DEAN 136749 0 0 0 600 0 11690 0 22942 0 171981 0 0 0 THOMAS MILUS PROFESSOR 142847 0 10155 0 2113 0 8632 0 18956 0 182703 0 0 0 GREGORY SNOW DEAN 125046 0 0 0 600 0 10659 0 29090 0 165395 0 0 0 THOMAS SOUZA DEAN 149406 0 0 0 600 0 12177 0 13195 0 175378 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL - THERE IS A TRAVEL POLICY. FIRST CLASS TRAVEL IS NOT ADDRESSED AS IT IS NORMALLY NOT PERMITTED UNDER THAT POLICY. HOWEVER, THE CURRENT CHAIRMAN OF THE BOARD OF TRUSTEES IS A RESIDENT OF ANCHORAGE, ALASKA. THE RESPONSIBILITIES OF THIS POSITION REQUIRE MORE TRAVEL THAN REGULAR BOARD MEMBERS. FLIGHT SCHEDULES AND THE TIME ZONE DIFFERENCES ATTENDING REQUIRED MEETINGS OFTEN LEAVE LITTLE TIME FOR RECOVERY FROM THE FLIGHT AND MEETING PREPARATION. THEREFORE, AS APPROVED BY THE FULL BOARD OF TRUSTEES, THE CHAIRMAN AND ONLY THE CHAIRMAN IS ALLOWED TO FLY FIRST CLASS. CHARTER TRAVEL IS ALSO NOT ADDRESSED IN THE POLICY AS AIRLINE TRAVEL IS REIMBURSED AT THE LOWEST (COACH) FARE FOR A TRIP. HOWEVER, IF MULTIPLE INDIVIDUALS ARE TRAVELING TO THE SAME LOCATION FOR THE SAME MEETING AND CHARTER TRAVEL IS LESS EXPENSIVE THAN INDIVIDUAL AIRFARES THEN CHARTER TRAVEL IS ALLOWED. IN NORMAL YEARS, CHARTER TRAVEL IS ONLY ALLOWED ONCE OR TWICE A YEAR. TRAVELS FOR COMPANIONS - FOR ONE BOARD MEETING A YEAR, SPOUSES OF BOARD MEMBERS ARE INVITED TO ATTEND A BOARD MEETING. IF A SPOUSE ATTENDS, THE COLLEGE DOES REIMBURSE THE BOARD MEMBER FOR THE SPOUSE'S TRAVEL. HOWEVER, 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 MEETING. THE COST OF THAT TRAVEL IS ADDED TO AN EMPLOYEE'S IRS FORM W-2. PART I, LINE 1B SEE EXPLANATION FOR PART 1A 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 11 AFTER COMPLETION OF THE DRAFT OF THE FORM 990 BY AN EXTERNAL ACCOUNTING FIRM, THE FORM 990 DRAFT IS SHARED WITH THE CHIEF FINANCIAL OFFICER AND HIS 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 CHIEF FINANCIAL OFFICER (TREASURER) 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 TREASURER 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 WHO, PERIODICALLY, DURING THE YEAR, MEETS TO REVIEW THE CHANCELLOR'S PERFORMANCE AND SETS THE CHANCELLOR'S COMPENSATION. ANNUALLY, THE CHANCELLOR MEETS WITH THE EXECUTIVE COMMITTEE OF THE BOARD TO REVIEW SALARIES OF THE SENIOR ADMINISTRATORS. THE CHANCELLOR SETS SENIOR ADMINISTRATORS' SALARIES WITH OVERSIGHT FROM THE BOARD OF TRUSTEES. COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. 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 XI, LINE 9: NON CASH CONTRIBUTIONS -10,530. 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 PERRY HILL PROPERTIES ASSOCIATION 1000 BRADY STREET DAVENPORT IA 52803 421502549 HOUSING FOR STUDENTS IA 501(C)(3) LINE 9 PALMER COLLEGE FOUNDATION 0 DR DAVID D PALMER ATHLETIC TRUST 1000 BRADY STREET DAVENPORT IA 52803 274313852 FUND RAISING IA 501(C)(3) LINE 11A, I PALMER COLLEGE FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0