LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC (EIN 25-1698677)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-14
- IRS object ID
- 201521349349300542
- Schema version
- 2013v4.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-14T08:00:19-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 251690617 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHAFFNER KNIGHT MINNAUGH & CO PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1545 WEST 38TH STREET | AddressLine1 |
| City | ERIE | City |
| State | PA | State |
| ZIP Code | 16508 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 251698677 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAKE | BusinessNameControlTxt |
| Phone | 8148666641 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5515 PEACH STREET | AddressLine1 |
| City | ERIE | City |
| State | PA | State |
| ZIP Code | 16509 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD P OLINGER | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 8148666641 | PhoneNum |
| Signature | 2015-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DENNIS W GROW CPA | PreparerPersonNm |
| PTIN | P00190259 | PTIN |
| Phone | 8144541997 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN M FERRETTI DO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5515 PEACH STREET | AddressLine1 |
| City | ERIE | City |
| State | PA | State |
| ZIP Code | 16509 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $172,104,069 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LECOM.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 838 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $3,457,856 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$472,748 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,072,096 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,733,758 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $94,810,988 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $105,641,953 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,576,486 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,411,178 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,592,252 | PYOtherRevenueAmt |
| CY Other Revenue | $5,054,742 | CYOtherRevenueAmt |
| PY Total Revenue | $107,051,822 | PYTotalRevenueAmt |
| CY Total Revenue | $119,841,631 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,530,583 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,911,833 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $28,120,601 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $31,202,352 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,417,910 | PYOtherExpensesAmt |
| CY Other Expenses | $31,322,559 | CYOtherExpensesAmt |
| PY Total Expenses | $59,069,094 | PYTotalExpensesAmt |
| CY Total Expenses | $64,436,744 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $47,982,728 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $55,404,887 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $323,712,460 | TotalAssetsBOYAmt |
| Total Assets EOY | $386,153,324 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,844,377 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,500,296 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $293,868,083 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $347,653,028 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $48,530,010 | ExpenseAmt |
| Grant | $1,911,833 | GrantAmt |
| Revenue | $106,037,143 | RevenueAmt |
| Desc | LECOM IS ONE OF THE 30 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 130 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 65 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. TWO ACADEMIC DOCTORAL DEGREES ARE CURRENTLY CONFERRED AT LECOM. THE DOCTOR OF OSTEOPATHY (DO) AND THE DOCTOR OF PHARMACY IS 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, 2014, THERE WERE OVER 3,571 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 | $48,530,010 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 118 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 838 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD P OLINGER | PersonNm |
| Phone | 8148687767 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5515 PEACH STREET | AddressLine1 |
| City | ERIE | City |
| State | PA | State |
| ZIP Code | 16509 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| JOHN M FERRETTI DO | |||||||||
| PRESIDENT/CEO | 58.00 | 22.00 | Yes (X) | Yes (X) | $626,825 | $0 | $29,489 | ||
| MARY L ECKERT | |||||||||
| SECRETARY | 4.00 | 75.00 | Yes (X) | Yes (X) | $7,426 | $555,774 | $29,307 | ||
| RICHARD P OLINGER | |||||||||
| TREASURER/CFO | 30.00 | 35.00 | Yes (X) | $265,413 | $232,972 | $35,708 | |||
| JOHN M MAGENAU III PHD | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOAN L MOORE DO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARLENE D MOSCO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SENATOR DURELL PEADEN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DENNIS M STYN | |||||||||
| TRUSTEE | 4.00 | 61.00 | Yes (X) | $0 | $314,879 | $38,614 | |||
| MICHAEL J VISNOSKY ESQ | |||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| THOMAS J WEDZIK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL J FEINSTEIN DO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $80,000 | $0 | $0 | ||||
| JOHN D ANGELONI DO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUZANNE K KELLEY DO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SILVIA M FERRETTI DO | |||||||||
| PROVOST/VP OF ACADEMIC AFF | 75.00 | 5.00 | $810,781 | $0 | $29,489 | Yes (X) | |||
| ROBERT GEORGE DO | |||||||||
| EMPLOYEE | 40.00 | $303,947 | $0 | $30,775 | Yes (X) | ||||
| HERSHEY BELL MD | |||||||||
| EMPLOYEE | 40.00 | $385,417 | $0 | $32,184 | Yes (X) | ||||
| ROBERT HIRSCH DDS | |||||||||
| EMPLOYEE | 40.00 | $308,152 | $0 | $30,295 | Yes (X) | ||||
| ANTHONY JOHN FERRETTI DO | |||||||||
| EMPLOYEE | 40.00 | $227,616 | $0 | $22,922 | Yes (X) | ||||
| MARK KAUFFMAN DO | |||||||||
| EMPLOYEE | 40.00 | $187,440 | $0 | $19,585 | Yes (X) | ||||
| REGAN SHABLOSKI DO | |||||||||
| EMPLOYEE | 40.00 | $232,767 | $0 | $29,616 | Yes (X) | ||||
| RICHARD TERRY DO | |||||||||
| EMPLOYEE | 40.00 | $278,313 | $0 | $11,031 | Yes (X) | ||||
| ANTON GOTLIEB DDS | |||||||||
| EMPLOYEE | 40.00 | $205,259 | $0 | $21,414 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,919,356 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,103,625 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $360,429 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 54 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WILLIS A SMITH CONSTRUCTION | |||||
| 5001 LAKEWOOD RANCH BLVD N | SARASOTA | FL | 34240 | CONSTRUCTION SERVICES | $1,089,409 |
| LM WANDER & SONS | |||||
| 8711 PEACH STREET | ERIE | PA | 16509 | LANDSCAPING | $375,872 |
| COMBANK MEDICAL INC | |||||
| 1035 BOYCE ROAD | PITTSBURGH | PA | 15241 | TEST BANK SERVICES | $292,015 |
| NETWORK TECHNOLOGIES INC | |||||
| 1275 DANNER DRIVE | AURORA | OH | 44202 | COMPUTER CONSULTING AND EQUIPMENT | $271,420 |
| NATIONAL BOARD OF MEDICAL EXAMINERS | |||||
| PO BOX 48004 | NEWARK | NJ | 07101 | PROCTORING & GRADING SERVICES | $257,654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 30 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $985,720 | FundraisingAmt |
| Government Grants | $2,704,992 | GovernmentGrantsAmt |
| All Other Contributions | $43,046 | AllOtherContributionsAmt |
| Total Contributions | $3,733,758 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $104,506,293 | $104,506,293 |
| APPLICATION FEES | 900099 | $1,135,660 | $1,135,660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $105,641,953 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,062,357 | TotalRevenueColumnAmt |
| Exclusion | $3,062,357 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $395,190 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $395,190 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $395,190 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $395,190 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $54,546,680 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $52,197,859 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,348,821 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,348,821 | TotalRevenueColumnAmt |
| Exclusion | $2,348,821 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $24,050 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $985,720 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $64,579 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$40,529 | TotalRevenueColumnAmt |
| Exclusion | -$40,529 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| WELLNESS CENTER/COFFEE CULTURE | 713940 | $3,457,856 | $3,457,856 | |
| OTHER REVENUE | 900099 | $378,142 | $378,142 | |
| BOOK STORE RECEIPTS | 451211 | $359,320 | $359,320 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $504,763 | TotalRevenueColumnAmt |
| Exclusion | $504,763 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,700,081 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,841,631 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $106,037,143 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,457,856 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,612,874 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,911,833 | TotalAmt |
| Program Services | $1,911,833 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,948,773 | TotalAmt |
| Program Services | $2,248,084 | ProgramServicesAmt |
| Management And General | $700,689 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,015,981 | TotalAmt |
| Program Services | $17,546,914 | ProgramServicesAmt |
| Management And General | $5,469,067 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,216,349 | TotalAmt |
| Program Services | $927,320 | ProgramServicesAmt |
| Management And General | $289,029 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,261,750 | TotalAmt |
| Program Services | $1,724,312 | ProgramServicesAmt |
| Management And General | $537,438 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,759,499 | TotalAmt |
| Program Services | $1,341,406 | ProgramServicesAmt |
| Management And General | $418,093 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,000 | TotalAmt |
| Management And General | $96,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,823 | TotalAmt |
| Management And General | $141,823 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,877 | TotalAmt |
| Management And General | $46,877 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,917 | TotalAmt |
| Program Services | $297,265 | ProgramServicesAmt |
| Management And General | $92,652 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $587,769 | TotalAmt |
| Management And General | $587,769 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,995,045 | TotalAmt |
| Program Services | $3,808,120 | ProgramServicesAmt |
| Management And General | $1,186,925 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,521,313 | TotalAmt |
| Program Services | $1,159,818 | ProgramServicesAmt |
| Management And General | $361,495 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,817,603 | TotalAmt |
| Program Services | $1,385,703 | ProgramServicesAmt |
| Management And General | $431,900 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,513 | TotalAmt |
| Program Services | $287,808 | ProgramServicesAmt |
| Management And General | $89,705 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,194,316 | TotalAmt |
| Program Services | $3,960,041 | ProgramServicesAmt |
| Management And General | $1,234,275 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $859,796 | TotalAmt |
| Program Services | $655,491 | ProgramServicesAmt |
| Management And General | $204,305 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $346,972 | TotalAmt |
| Management And General | $346,972 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,894,326 | TotalAmt |
| Program Services | $6,018,473 | ProgramServicesAmt |
| Management And General | $1,875,853 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,244,813 | TotalAmt |
| Program Services | $949,020 | ProgramServicesAmt |
| Management And General | $295,793 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| STUDENT ROTATION FEES | $1,035,000 | $1,035,000 | |
| REPAIRS AND MAINTENANCE | $925,034 | $705,227 | $219,807 |
| DUES AND SUBSCRIPTIONS | $861,953 | $657,135 | $204,818 |
| CONTRIBUTIONS | $715,488 | $715,488 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,271,001 | TotalAmt |
| Program Services | $1,911,040 | ProgramServicesAmt |
| Management And General | $359,961 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,436,744 | TotalAmt |
| Program Services | $48,530,010 | ProgramServicesAmt |
| Management And General | $15,906,734 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,167,787 | BOYAmt |
| EOY | $21,462,037 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,180,849 | BOYAmt |
| EOY | $77,821,137 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,144 | BOYAmt |
| EOY | $1,653,980 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,877 | BOYAmt |
| EOY | $477,037 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,907,235 | BOYAmt |
| EOY | $1,793,260 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $183,894,073 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $50,144,343 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,117,933 | BOYAmt |
| EOY | $133,749,730 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,594,822 | BOYAmt |
| EOY | $121,136,112 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,855,813 | BOYAmt |
| EOY | $28,060,031 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,712,460 | BOYAmt |
| EOY | $386,153,324 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,780,748 | BOYAmt |
| EOY | $9,046,283 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,069,736 | BOYAmt |
| EOY | $28,555,098 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $993,893 | BOYAmt |
| EOY | $898,915 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,844,377 | BOYAmt |
| EOY | $38,500,296 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $292,213,450 | BOYAmt |
| EOY | $345,694,531 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,654,633 | BOYAmt |
| EOY | $1,958,497 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $293,868,083 | BOYAmt |
| EOY | $347,653,028 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,712,460 | BOYAmt |
| EOY | $386,153,324 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $55,404,887 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $7,584,599 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$9,204,541 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $389,917 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $389,917 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,654,633 | BeginningYearBalanceAmt |
| Contributions | $310,524 | ContributionsAmt |
| Grants Or Scholarships | $4,749 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,911 | OtherExpendituresAmt |
| End Year Balance | $1,958,497 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $934,298 | BeginningYearBalanceAmt |
| Contributions | $731,694 | ContributionsAmt |
| Grants Or Scholarships | $8,250 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,109 | OtherExpendituresAmt |
| End Year Balance | $1,654,633 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $866,299 | BeginningYearBalanceAmt |
| Contributions | $95,705 | ContributionsAmt |
| Grants Or Scholarships | $4,737 | GrantsOrScholarshipsAmt |
| Other Expenditures | $22,969 | OtherExpendituresAmt |
| End Year Balance | $934,298 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,128,419 | BeginningYearBalanceAmt |
| Contributions | $115,200 | ContributionsAmt |
| Grants Or Scholarships | $303,857 | GrantsOrScholarshipsAmt |
| Other Expenditures | $73,463 | OtherExpendituresAmt |
| End Year Balance | $866,299 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,917,768 | BeginningYearBalanceAmt |
| Contributions | $826,797 | ContributionsAmt |
| Grants Or Scholarships | $1,568,770 | GrantsOrScholarshipsAmt |
| Other Expenditures | $47,376 | OtherExpendituresAmt |
| End Year Balance | $1,128,419 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,300,007 | OtherCostOrOtherBasisAmt |
| Book Value | $14,300,007 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $139,557,077 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,171,827 | DepreciationAmt |
| Book Value | $103,385,250 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,154,922 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,536,757 | DepreciationAmt |
| Book Value | $2,618,165 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,398,038 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,435,759 | DepreciationAmt |
| Book Value | $10,962,279 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,484,029 | OtherCostOrOtherBasisAmt |
| Book Value | $2,484,029 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $133,749,730 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SELF INSURANCE TRUST | $963,715 |
| 457(B) TRUST | $620,973 |
| NOTE RECEIVABLE - MILLCREEK MANOR | $25,073,600 |
| INVESTMENT - VANTAGE HOLDING | $1,393,804 |
| DUE FROM AFFILIATES | $7,939 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $28,060,031 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO AFFILIATES | $44,497 |
| OPTI FUND | $233,445 |
| 457(B) PLAN | $620,973 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $898,915 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $124,933,288 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,584,599 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $6,660 | OtherRevenueAmt |
| Revenue Not Reported | $7,591,259 | RevenueNotReportedAmt |
| Revenue Subtotal | $117,342,029 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,499,602 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,499,602 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $119,841,631 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $61,943,802 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $6,660 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $6,660 | ExpensesNotReportedAmt |
| Expenses Subtotal | $61,937,142 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,499,602 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,499,602 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $64,436,744 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COLLEGE FOLLOWS THE GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A 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, 2011 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | NET ASSETS RELEASED FROM RESTRICTIONS 6,660. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT MANAGEMENT FEES NETTED AGAINST INTEREST INCOME 587,769. COLLEGE FUNDED SCHOLARSHIPS 1,911,833. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | NET ASSETS RELEASED FROM RESTRICTIONS 6,660. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT MANAGEMENT FEES NETTED AGAINST INTEREST INCOME 587,769. COLLEGE FUNDED SCHOLARSHIPS 1,911,833. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | LECOM HAS PUBLICIZED ITS NONDISCRIMINATORY POLICY THROUGH NEWSPAPER MEDIA. |
| SCHEDULE E, PART I, LINE 6 | LAKE 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 6/30/2014, THE COLLEGE RECEIVED $1,691,012 IN SUCH FUNDING. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | DINNER/AUCTION | NameOfEvent1Amt |
| Gross Receipts Event1 | $1,009,770 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $985,720 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $24,050 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $1,250 | CashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $31,864 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $31,465 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $1,009,770 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $985,720 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $24,050 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $1,250 | CashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $31,864 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $31,465 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $64,579 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$40,529 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 766 | RecipientCnt |
| Cash Grant | $1,911,833 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN M FERRETTI DO | ||||||||||||||
| PRESIDENT/CEO | $602,302 | $0 | $0 | $0 | $24,523 | $0 | $20,400 | $0 | $9,089 | $0 | $656,314 | $0 | $0 | $0 |
| MARY L ECKERT | ||||||||||||||
| SECRETARY | $0 | $533,655 | $0 | $0 | $7,426 | $22,119 | $0 | $20,400 | $4,283 | $4,624 | $11,709 | $580,798 | $0 | $0 |
| RICHARD P OLINGER | ||||||||||||||
| TREASURER/CFO | $233,705 | $232,972 | $0 | $0 | $31,708 | $0 | $0 | $17,398 | $4,297 | $14,013 | $269,710 | $264,383 | $0 | $0 |
| DENNIS M STYN | ||||||||||||||
| TRUSTEE | $0 | $288,760 | $0 | $0 | $0 | $26,119 | $0 | $20,399 | $0 | $18,215 | $0 | $353,493 | $0 | $0 |
| SILVIA M FERRETTI DO | ||||||||||||||
| PROVOST/VP OF ACADEMIC AFF | $789,631 | $0 | $0 | $0 | $21,150 | $0 | $20,400 | $0 | $9,089 | $0 | $840,270 | $0 | $0 | $0 |
| ROBERT GEORGE DO | ||||||||||||||
| EMPLOYEE | $301,987 | $0 | $0 | $0 | $1,960 | $0 | $20,400 | $0 | $10,375 | $0 | $334,722 | $0 | $0 | $0 |
| HERSHEY BELL MD | ||||||||||||||
| EMPLOYEE | $385,153 | $0 | $0 | $0 | $264 | $0 | $20,400 | $0 | $11,784 | $0 | $417,601 | $0 | $0 | $0 |
| ROBERT HIRSCH DDS | ||||||||||||||
| EMPLOYEE | $307,746 | $0 | $0 | $0 | $406 | $0 | $20,400 | $0 | $9,895 | $0 | $338,447 | $0 | $0 | $0 |
| ANTHONY JOHN FERRETTI DO | ||||||||||||||
| EMPLOYEE | $226,836 | $0 | $0 | $0 | $780 | $0 | $18,099 | $0 | $4,823 | $0 | $250,538 | $0 | $0 | $0 |
| MARK KAUFFMAN DO | ||||||||||||||
| EMPLOYEE | $187,349 | $0 | $0 | $0 | $91 | $0 | $14,762 | $0 | $4,823 | $0 | $207,025 | $0 | $0 | $0 |
| REGAN SHABLOSKI DO | ||||||||||||||
| EMPLOYEE | $232,675 | $0 | $0 | $0 | $92 | $0 | $18,312 | $0 | $11,304 | $0 | $262,383 | $0 | $0 | $0 |
| RICHARD TERRY DO | ||||||||||||||
| EMPLOYEE | $278,172 | $0 | $0 | $0 | $141 | $0 | $11,000 | $0 | $31 | $0 | $289,344 | $0 | $0 | $0 |
| ANTON GOTLIEB DDS | ||||||||||||||
| EMPLOYEE | $204,479 | $0 | $0 | $0 | $780 | $0 | $11,038 | $0 | $10,376 | $0 | $226,673 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| SCHEDULE J, PART II, COLUMN F: | IN ACCORDANCE WITH THE SCHEDULE J INSTRUCTIONS, COLUMN F REPRESENTS ANY PAYMENT REPORTED IN THE CURRENT YEAR'S COLUMN (B) TO THE EXTENT SUCH PAYMENT WAS ALREADY REPORTED AS COMPENSATION TO THE LISTED PERSON ON A PRIOR FORM 990. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| VANTAGE | |||
| INDEPENDENT CONTRACTOR - SHARES ONE COMMON TRUSTEE WITH FILING ORG. | $176,433 | VANTAGE SELLS MEDICAL SUPPLIES AND SERVICES TO LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE. MARY ECKERT IS ON THE VANTAGE BOARD AND SERVES AS A TRUSTEE AND OFFICER ON THE FILING ORGANIZATION'S BOARD | 0 |
| VANTAGE | |||
| RENTAL OF PROPERTY - SHARES ONE COMMON TRUSTEE WITH FILING ORGANIZATION | $89,675 | VANTAGE RENTS PROPERTY FROM LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE. MARY ECKERT IS ON THE VANTAGE BOARD AND SERVES AS A TRUSTEE AND OFFICER ON THE FILING ORGANIZATION'S BOARD | 0 |
| VANTAGE | |||
| INVESTMENT - SHARES ONE COMMON TRUSTEE WITH FILING ORGANIZATION | $184,850 | LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE CURRENTLY OWNS APPROXIMATELY 12.15% OF VANTAGE. THE INVESTMENT WAS PAID IN INSTALLMENTS. DURING THE FISCAL YEAR ENDED 6/30/2014, THE FINAL PAYMENT OF $184,850 WAS MADE. MARY ECKERT IS ON THE VANTAGE BOARD AND SERVES AS A TRUSTEE AND OFFICER ON THE FILING ORGANIZATION'S BOARD | 0 |
| PNC BANK | |||
| INVESTMENT MANAGER - KEY EMPLOYEE OF PNC IS A TRUSTEE OF THE ORGANIZATION | $194,128 | PNC BANK MANAGES CERTAIN INVESTMENTS HELD BY LAKE ERIE COLLEGE OF OSTEPATHIC MEDICINE. MARLENE MOSCO IS THE PRESIDENT OF PNC BANK IN ERIE, PA AND SERVES AS A TRUSTEE ON THE FILING ORGANIZATION'S BOARD | 0 |
| RICHARD FERRETTI | |||
| FAMILY MEMBER OF DR. ANTHONY J. FERRETTI, D.O, HIGHLY COMPENSATED EMPLOYEE | $201,294 | EMPLOYMENT | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DR. JOHN M. FERRETTI, D.O., DR. SILVIA FERRETTI, D.O. AND DR. ANTHONY J. FERRETTI, D.O. - 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 11 | 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 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, 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 IN MARCH 2007. 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: | TEMPORARILY RESTRICTED CONTRIBUTIONS AND GRANTS 310,524. NET ASSETS RELEASED FROM RESTRICTION -6,660. TRANSFER TO PARENT CORPORATION -9,508,405. |
| FORM 990, PART XI, LINES 2B AND 2C: | OVERSIGHT OF INDEPENDENT FINANCIAL STATEMENT AUDIT: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE ORGANIZATION'S INDEPENDENT FINANCIAL STATEMENT AUDIT. THE PROCESS ASSOCIATED WITH THE OVERSIGHT OF THE INDEPENDENT FINANCIAL STATEMENT AUDIT REMAINS CONSISTENT WITH THE PRIOR FISCAL YEAR. |
| FORM 990, PART IV, LINE 28C: | SUPPLEMENTAL DISCLOSURE REGARDING BUSINESS TRANSACTIONS: CERTAIN INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A ARE EMPLOYED BY OR HAVE AN OWNERSHIP INTEREST IN AN ORGANIZATION WITH WHOM LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) TRANSACTS BUSINESS. BASED ON THE REPORTING RULES/THRESHOLDS STATED IN THE FILING INSTRUCTIONS, THESE BUSINESS TRANSACTIONS ARE NOT REQUIRED TO BE REPORTED ON SCHEDULE L, PART IV. THE ORGANIZATION'S BOARD OF TRUSTEES VOLUNTARILY DISCLOSES THE FOLLOWING BUSINESS RELATIONSHIPS: MICHAEL J. VISNOSKY, ESQUIRE: LECOM ENGAGED ATTORNEY VISNOSKY'S EMPLOYER, KNOX MCLAUGHLIN GORNALL & SENNETT, P.C., TO PERFORM VARIOUS LEGAL SERVICES. DURING THE FISCAL YEAR ENDED JUNE 30, 2014, LECOM PAID LEGAL FEES TOTALING $59,088 TO KNOX MCLAUGHLIN GORNALL & SENNETT, P.C. FOR THOSE SERVICES. IN ADDITION, MILLCREEK COMMUNITY HOSPITAL, A RELATED ENTITY, PAID LEGAL FEES TO KNOX MCLAUGHLIN GORNALL & SENNETT, P.C. TOTALING $109,086 DURING THE FISCAL YEAR ENDED JUNE 30, 2014. ATTORNEY VISNOSKY'S SON-IN-LAW, MARK A. DENLINGER, IS ALSO A SHAREHOLDER OF KNOX MCLAUGHLIN GORNALL & SENNETT, P.C. NEITHER ATTORNEY VISNOSKY OR ATTORNEY DENLINGER, INDIVIDUALLY, HOLD AN OWNERSHIP INTEREST OF GREATER THAN 5% IN THE LAW FIRM. COLLECTIVELY, THEIR OWNERSHIP INTERESTS DO EXCEED 5%. THOMAS J. WEDZIK: FIRST NATIONAL BANK MANAGES CERTAIN INVESTMENTS HELD BY LECOM. THOMAS J. WEDZICK IS THE PRESIDENT OF FIRST NATIONAL BANK IN ERIE, PA AND SERVES AS A TRUSTEE ON THE LECOM BOARD OF TRUSTEES. LECOM PAID $80,012 IN INVESTMENT MANAGEMENT FEES TO FIRST NATIONAL BANK DURING THE FISCAL YEAR ENDED JUNE 30, 2014. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MILLCREEK HEALTH SYSTEM | |||||||||||
| 5515 PEACH STREET | ERIE | PA | 16509 | 251766164 | PARENT CORPORATION | PA | 501(C)(3) | LINE 11C, III-FI | N/A | 0 | |
| MILLCREEK COMMUNITY HOSPITAL | |||||||||||
| 5515 PEACH STREET | ERIE | PA | 16509 | 251002937 | HOSPITAL | PA | 501(C)(3) | LINE 3 | 0 | MILLCREEK HEALTH SYSTEM | |
| MILLCREEK MANOR | |||||||||||
| 5515 PEACH STREET | ERIE | PA | 16509 | 251619204 | LONG TERM CARE NURSING FACILITY | PA | 501(C)(3) | LINE 3 | 0 | MILLCREEK HEALTH SYSTEM | |
| MILLCREEK HEALTH SYSTEM MEDICAL PROF LIABILITY SELF-INS TRUST | |||||||||||
| 5515 PEACH STREET | ERIE | PA | 16509 | 576204119 | PROVIDES MANDATORY PROFESSIONAL LIABILITY COVERAGE TO AFFILIATE ORGS | PA | 501(C)(3) | LINE 11D, III-O | N/A | 0 | |
| MEDICAL ASSOCIATES OF ERIE | |||||||||||
| ONE LECOM PLACE | ERIE | PA | 16505 | 113716896 | PHYSICIAN PRACTICE CORPORATION | PA | 501(C)(3) | LINE 9 | 0 | MILLCREEK HEALTH SYSTEM | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCH CORPORATION | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5515 PEACH STREET | AddressLine1 |
| City | ERIE | City |
| State | PA | State |
| ZIP Code | 16509 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 251549695 | EIN |
| Primary Activities | LESSOR OF REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | C | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (14 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MILLCREEK COMMUNITY HOSPITAL | ||
| C | $1,500 | ACTUAL AMOUNT CONTRIBUTED |
| MILLCREEK COMMUNITY HOSPITAL | ||
| J | $95,760 | ACTUAL AMOUNT PAID BASED ON USAGE |
| MEDICAL ASSOCIATES OF ERIE | ||
| J | $190,104 | ACTUAL AMOUNT PAID BASED ON USAGE |
| MILLCREEK COMMUNITY HOSPITAL | ||
| K | $535,128 | ACTUAL AMOUNT PAID BASED ON USAGE |
| MILLCREEK COMMUNITY HOSPITAL | ||
| P | $1,161,807 | ACTUAL EXPENSES REIMBURSED |
| MILLCREEK COMMUNITY HOSPITAL | ||
| Q | $31,807 | ACTUAL EXPENSES REIMBURSED |
| MEDICAL ASSOCIATES OF ERIE | ||
| Q | $44,669 | ACTUAL EXPENSES REIMBURSED |
| MILLCREEK HEALTH SYSTEM | ||
| R | $9,508,405 | ACTUAL AMOUNT TRANSFERRED |
| MILLCREEK COMMUNITY HOSPITAL | ||
| B | $149,055 | ACTUAL AMOUNT CONTRIBUTED |
| MILLCREEK MANOR | ||
| Q | $48,063 | ACTUAL EXPENSES REIMBURSED |
| MILLCREEK MANOR | ||
| D | $25,073,600 | ACTUAL AMOUNT LOANED |
| MEDICAL ASSOCIATES OF ERIE | ||
| P | $336,984 | ACTUAL EXPENSES REIMBURSED |
| MEDICAL ASSOCIATES OF ERIE | ||
| K | $48,000 | ACTUAL AMOUNT PAID BASED ON USAGE |
| MCH CORP | ||
| K | $11,200 | ACTUAL AMOUNT PAID BASED ON USAGE |