2015-05-14T08:00:19-05:00 2014-06-30 251690617 SCHAFFNER KNIGHT MINNAUGH & CO PC 1545 WEST 38TH STREET ERIE PA 16508 990 2013-07-01 251698677 LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE LAKE 8148666641 5515 PEACH STREET ERIE PA 16509 RICHARD P OLINGER TREASURER 8148666641 2015-05-12 1 DENNIS W GROW CPA P00190259 8144541997 2013 2016-03-07 17:11:31Z JOHN M FERRETTI DO 5515 PEACH STREET ERIE PA 16509 172104069 0 X WWW.LECOM.EDU X 1993 PA THE MISSION OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) IS TO PREPARE STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS, PHARMACY PRACTITIONERS AND DENTISTS THROUGH PROGRAMS OF EXCELLENCE IN EDUCATION, RESEARCH, CLINICAL CARE, AND COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE THROUGH IMPROVED HEALTH FOR ALL HUMANITY. 12 8 838 9 3457856 -472748 2072096 3733758 94810988 105641953 5576486 5411178 4592252 5054742 107051822 119841631 2530583 1911833 0 0 28120601 31202352 0 0 0 28417910 31322559 59069094 64436744 47982728 55404887 323712460 386153324 29844377 38500296 293868083 347653028 X THE MISSION OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) IS TO PREPARE STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS, PHARMACY PRACTITIONERS AND DENTISTS THROUGH PROGRAMS OF EXCELLENCE IN EDUCATION, RESEARCH, CLINICAL CARE, AND COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE THROUGH IMPROVED HEALTH FOR ALL HUMANITY. 0 0 48530010 1911833 106037143 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. 48530010 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 118 0 1 838 1 1 1 0 0 0 0 1 1 0 0 0 0 X 12 8 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RICHARD P OLINGER 8148687767 5515 PEACH STREET ERIE PA 16509 JOHN M FERRETTI DO PRESIDENT/CEO 58.00 22.00 X X 626825 0 29489 MARY L ECKERT SECRETARY 4.00 75.00 X X 7426 555774 29307 RICHARD P OLINGER TREASURER/CFO 30.00 35.00 X 265413 232972 35708 JOHN M MAGENAU III PHD TRUSTEE 1.00 X 0 0 0 JOAN L MOORE DO TRUSTEE 1.00 X 0 0 0 MARLENE D MOSCO TRUSTEE 1.00 X 0 0 0 SENATOR DURELL PEADEN TRUSTEE 1.00 X 0 0 0 DENNIS M STYN TRUSTEE 4.00 61.00 X 0 314879 38614 MICHAEL J VISNOSKY ESQ CHAIRMAN 1.00 X X 0 0 0 THOMAS J WEDZIK TRUSTEE 1.00 X 0 0 0 MICHAEL J FEINSTEIN DO TRUSTEE 1.00 X 80000 0 0 JOHN D ANGELONI DO TRUSTEE 1.00 X 0 0 0 SUZANNE K KELLEY DO TRUSTEE 1.00 X 0 0 0 SILVIA M FERRETTI DO PROVOST/VP OF ACADEMIC AFF 75.00 5.00 X 810781 0 29489 ROBERT GEORGE DO EMPLOYEE 40.00 X 303947 0 30775 HERSHEY BELL MD EMPLOYEE 40.00 X 385417 0 32184 ROBERT HIRSCH DDS EMPLOYEE 40.00 X 308152 0 30295 ANTHONY JOHN FERRETTI DO EMPLOYEE 40.00 X 227616 0 22922 MARK KAUFFMAN DO EMPLOYEE 40.00 X 187440 0 19585 REGAN SHABLOSKI DO EMPLOYEE 40.00 X 232767 0 29616 RICHARD TERRY DO EMPLOYEE 40.00 X 278313 0 11031 ANTON GOTLIEB DDS EMPLOYEE 40.00 X 205259 0 21414 3919356 1103625 360429 54 0 1 0 WILLIS A SMITH CONSTRUCTION 5001 LAKEWOOD RANCH BLVD N SARASOTA FL 34240 CONSTRUCTION SERVICES 1089409 LM WANDER & SONS 8711 PEACH STREET ERIE PA 16509 LANDSCAPING 375872 COMBANK MEDICAL INC 1035 BOYCE ROAD PITTSBURGH PA 15241 TEST BANK SERVICES 292015 NETWORK TECHNOLOGIES INC 1275 DANNER DRIVE AURORA OH 44202 COMPUTER CONSULTING AND EQUIPMENT 271420 NATIONAL BOARD OF MEDICAL EXAMINERS PO BOX 48004 NEWARK NJ 07101 PROCTORING & GRADING SERVICES 257654 30 985720 2704992 43046 3733758 TUITION AND FEES 900099 104506293 104506293 APPLICATION FEES 900099 1135660 1135660 105641953 3062357 3062357 395190 0 395190 395190 395190 54546680 52197859 2348821 2348821 2348821 24050 985720 64579 -40529 -40529 WELLNESS CENTER/COFFEE CULTURE 713940 3457856 3457856 OTHER REVENUE 900099 378142 378142 BOOK STORE RECEIPTS 451211 359320 359320 504763 504763 4700081 119841631 106037143 3457856 6612874 1911833 1911833 2948773 2248084 700689 23015981 17546914 5469067 1216349 927320 289029 2261750 1724312 537438 1759499 1341406 418093 96000 96000 141823 141823 46877 46877 389917 297265 92652 587769 587769 4995045 3808120 1186925 1521313 1159818 361495 1817603 1385703 431900 377513 287808 89705 5194316 3960041 1234275 859796 655491 204305 346972 346972 7894326 6018473 1875853 1244813 949020 295793 STUDENT ROTATION FEES 1035000 1035000 REPAIRS AND MAINTENANCE 925034 705227 219807 DUES AND SUBSCRIPTIONS 861953 657135 204818 CONTRIBUTIONS 715488 715488 2271001 1911040 359961 64436744 48530010 15906734 0 17167787 21462037 50180849 77821137 746144 1653980 141877 477037 1907235 1793260 183894073 50144343 141117933 133749730 109594822 121136112 2855813 28060031 323712460 386153324 7780748 9046283 21069736 28555098 993893 898915 29844377 38500296 X 292213450 345694531 1654633 1958497 293868083 347653028 323712460 386153324 X 55404887 7584599 -9204541 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 389917 389917 0 PART II-B, LINE 1: THE ORGANIZATION HAS RETAINED GOVERNMENTAL COUNSEL TO REPRESENT ITS INTERESTS IN LEGISLATIVE AND OTHER GOVERNMENTAL MATTERS AT BOTH THE STATE AND FEDERAL LEVELS. 1654633 310524 4749 1911 1958497 934298 731694 8250 3109 1654633 866299 95705 4737 22969 934298 1128419 115200 303857 73463 866299 1917768 826797 1568770 47376 1128419 0 0 14300007 14300007 139557077 36171827 103385250 4154922 1536757 2618165 23398038 12435759 10962279 2484029 2484029 133749730 SELF INSURANCE TRUST 963715 457(B) TRUST 620973 NOTE RECEIVABLE - MILLCREEK MANOR 25073600 INVESTMENT - VANTAGE HOLDING 1393804 DUE FROM AFFILIATES 7939 28060031 DUE TO AFFILIATES 44497 OPTI FUND 233445 457(B) PLAN 620973 898915 X 124933288 7584599 6660 7591259 117342029 2499602 2499602 119841631 61943802 6660 6660 61937142 2499602 2499602 64436744 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. DINNER/AUCTION 1009770 985720 24050 1250 31864 31465 1009770 985720 24050 1250 31864 31465 64579 -40529 1 STUDENT SCHOLARSHIPS 766 1911833 X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JOHN M FERRETTI DO PRESIDENT/CEO 602302 0 0 0 24523 0 20400 0 9089 0 656314 0 0 0 MARY L ECKERT SECRETARY 0 533655 0 0 7426 22119 0 20400 4283 4624 11709 580798 0 0 RICHARD P OLINGER TREASURER/CFO 233705 232972 0 0 31708 0 0 17398 4297 14013 269710 264383 0 0 DENNIS M STYN TRUSTEE 0 288760 0 0 0 26119 0 20399 0 18215 0 353493 0 0 SILVIA M FERRETTI DO PROVOST/VP OF ACADEMIC AFF 789631 0 0 0 21150 0 20400 0 9089 0 840270 0 0 0 ROBERT GEORGE DO EMPLOYEE 301987 0 0 0 1960 0 20400 0 10375 0 334722 0 0 0 HERSHEY BELL MD EMPLOYEE 385153 0 0 0 264 0 20400 0 11784 0 417601 0 0 0 ROBERT HIRSCH DDS EMPLOYEE 307746 0 0 0 406 0 20400 0 9895 0 338447 0 0 0 ANTHONY JOHN FERRETTI DO EMPLOYEE 226836 0 0 0 780 0 18099 0 4823 0 250538 0 0 0 MARK KAUFFMAN DO EMPLOYEE 187349 0 0 0 91 0 14762 0 4823 0 207025 0 0 0 REGAN SHABLOSKI DO EMPLOYEE 232675 0 0 0 92 0 18312 0 11304 0 262383 0 0 0 RICHARD TERRY DO EMPLOYEE 278172 0 0 0 141 0 11000 0 31 0 289344 0 0 0 ANTON GOTLIEB DDS EMPLOYEE 204479 0 0 0 780 0 11038 0 10376 0 226673 0 0 0 PART I, LINE 1A THE ORGANIZATION SUBSCRIBES TO A CHARTER TRAVEL SHARED-SERVICE PROGRAM. THIS SERVICE IS USED SOLELY FOR BUSINESS PURPOSES. THE ORGANIZATION DOES NOT PAY FOR FIRST-CLASS TRAVEL. THE ORGANIZATION HOLDS AN ANNUAL OFF-SITE MEETING FOR WHICH IT PERMITS EACH PERSON NAMED ON FORM 990, PART VII, SECTION A TO BRING ONE GUEST. THE ORGANIZATION PAYS THE TRAVEL EXPENSES FOR THE INVITED GUEST. 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. VANTAGE INDEPENDENT CONTRACTOR - SHARES ONE COMMON TRUSTEE WITH FILING ORG. 176433 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 89675 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 184850 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 194128 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 201294 EMPLOYMENT 0 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. 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 MILLCREEK HEALTH SYSTEM 0 MILLCREEK MANOR 5515 PEACH STREET ERIE PA 16509 251619204 LONG TERM CARE NURSING FACILITY PA 501(C)(3) LINE 3 MILLCREEK HEALTH SYSTEM 0 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 MILLCREEK HEALTH SYSTEM 0 MCH CORPORATION 5515 PEACH STREET ERIE PA 16509 251549695 LESSOR OF REAL ESTATE PA N/A C 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 MILLCREEK COMMUNITY HOSPITAL C 1500 ACTUAL AMOUNT CONTRIBUTED MILLCREEK COMMUNITY HOSPITAL J 95760 ACTUAL AMOUNT PAID BASED ON USAGE MEDICAL ASSOCIATES OF ERIE J 190104 ACTUAL AMOUNT PAID BASED ON USAGE MILLCREEK COMMUNITY HOSPITAL K 535128 ACTUAL AMOUNT PAID BASED ON USAGE MILLCREEK COMMUNITY HOSPITAL P 1161807 ACTUAL EXPENSES REIMBURSED MILLCREEK COMMUNITY HOSPITAL Q 31807 ACTUAL EXPENSES REIMBURSED MEDICAL ASSOCIATES OF ERIE Q 44669 ACTUAL EXPENSES REIMBURSED MILLCREEK HEALTH SYSTEM R 9508405 ACTUAL AMOUNT TRANSFERRED MILLCREEK COMMUNITY HOSPITAL B 149055 ACTUAL AMOUNT CONTRIBUTED MILLCREEK MANOR Q 48063 ACTUAL EXPENSES REIMBURSED MILLCREEK MANOR D 25073600 ACTUAL AMOUNT LOANED MEDICAL ASSOCIATES OF ERIE P 336984 ACTUAL EXPENSES REIMBURSED MEDICAL ASSOCIATES OF ERIE K 48000 ACTUAL AMOUNT PAID BASED ON USAGE MCH CORP K 11200 ACTUAL AMOUNT PAID BASED ON USAGE