2025-02-24T10:18:31-06:00 2024-06-30 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2023-07-01 942515428 PALMER COLLEGE OF CHIROPRACTIC WEST PALM 4089446000 90 E TASMAN SAN JOSE CA 95134 JENNIFER RANDAZZO TREASURER 5638845871 2025-02-18 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2025-02-18 2023 2025-03-06 01:10:19Z DENNIS MARCHIORI DC 1000 BRADY STREET DAVENPORT IA 52803 9911671 0 X WWW.PALMER.EDU X 1978 CA PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES AND ADVANCE KNOWLEDGE THROUGH RESEARCH. 12 11 108 77 196 0 111565 99129 9164854 5770930 120772 557299 292831 81883 9690022 6509241 761335 467290 0 0 4980367 4244900 0 0 0 3603327 3967331 9345029 8679521 344993 -2170280 18521572 14671306 3921471 2159392 14600101 12511914 PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES AND ADVANCE KNOWLEDGE THROUGH RESEARCH. 0 0 5672803 467290 5402746 PALMER COLLEGE EDUCATES STUDENTS WITH A DOCTOR OF CHIROPRACTIC DEGREE. STUDENTS ARE PROVIDED CLASSROOM AND LAB INSTRUCTION TO LEARN THE SCIENCE, ART AND PHILOSOPHY OF CHIROPRACTIC. ENROLLMENT FOR THE SPRING 2024 TERM WAS 91 STUDENTS. 1723423 360161 PALMER COLLEGE OPERATES CHIROPRACTIC CLINICS TO EXTEND THE STUDENT EDUCATION FROM THE CLASSROOM TO DIRECT PATIENT CARE. THE DOCTOR OF CHIROPRACTIC DEGREE IS A 13 QUARTER PROGRAM OF WHICH APPROXIMATELY THE FINAL 1/4TH IS SPENT IN THE CLINIC SETTING WORKING WITH PATIENTS. STUDENT TUITION REPORTED ABOVE IS USED TO OFFSET THE COST OF CLINIC OPERATIONS. 212839 AUXILIARY ENTERPRISES AND ACTIVITIES RELATED TO OPERATION OF BOOKSTORE, CAFETERIA, PRINT SHOP, AND CONTINUING EDUCATION PROGRAMS. 7609065 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 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 1 194 0 1 108 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CA MD NH OR SC WA X JENNIFER RANDAZZO 5638845141 1000 BRADY STREET DAVENPORT IA 52803 TREVOR V IRELAND DC TRUSTEE/CHAIRPERSON 10.00 20.00 X X 0 0 0 VICKIE A PALMER HCD TRUSTEE/SECRETARY GENERAL 1.00 1.00 X X 0 0 0 DON BETZ PHD TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CHANCE DC TRUSTEE 1.00 1.00 X 0 912 0 DONNA CRAFT DC TRUSTEE 1.00 1.00 X 0 757 0 DONALD DOUCETTE PHD TRUSTEE 1.00 1.00 X 0 648 0 SUSAN HATFIELD PHD TRUSTEE 1.00 1.00 X 0 657 0 CHARLES KELLER DC MA TRUSTEE 1.00 1.00 X 0 0 0 KENNETH R KOUPAL TRUSTEE 1.00 1.00 X 0 717 0 KENT PILCHER TRUSTEE 1.00 1.00 X 0 779 0 PAUL VANDUYNE PE DC TRUSTEE/VICE CHAIRPERSON 2.00 5.00 X X 0 0 0 PATRICIA HARDAWAY JD TRUSTEE (UNTIL 1.1.24) 1.00 1.00 X 0 0 0 NATHAN HINKELDEY DC DACRB TRUSTEE 1.00 1.00 X 0 0 0 DENNIS MARCHIORI DC PRESIDENT/CHANCELLOR 10.00 30.00 X 0 556175 61735 JENNIFER RANDAZZO TREASURER 10.00 30.00 X 0 221255 51920 LYNNE LINDSTROM EXEC DIR OF BOD AFFAIRS/AS (UNTIL 2.3.24) 10.00 30.00 X 0 72615 20551 GREGORY SNOW DEAN 40.00 X 217421 0 23827 BRIAN NOOK ASSOC DEAN 40.00 X 154859 0 36728 MATTHEW SKALSKI FACULTY 40.00 X 137744 0 14052 THOMAS SOUZA FACULTY (UNTIL 9.22.23) 40.00 X 126055 0 20176 TAMMI CLARK DEAN OF CLINICS 40.00 X 121503 0 16624 757582 854515 245613 11 0 1 0 HYGEIA 3012 SCOTT BLVD SANTA CLARA CA 95054 CAMPUS JANITORIAL SERVICES 318885 ARAMARK CORPORATION 915 DEGUIGNE DR SUNNYVALE CA 94088 CAMPUS FOOD SERVICE 292916 ALLIED UNIVERSAL SECURITY SERVICES 8 TOWER BRIDGE 161 WASHINGTON ST CONSHOHOCKEN PA 19428 CAMPUS SECURITY SERVICES 248256 3 85548 13581 99129 TUITION AND FEES 611600 5402746 5402746 CLINIC REVENUE 611710 360161 360161 REGSTRTN FEES & LIBRAR 900099 8023 8023 5770930 495139 495139 13185 0 13185 13185 13185 3401685 3339525 62160 62160 62160 72093 62905 9188 9188 INTERFUND TRANSFERS 900099 48558 48558 SUNDRY INCOME 900099 10756 10756 PRINT SHOP REVENUE 561439 196 196 59510 6509241 5762907 196 647009 467290 467290 3322739 3059468 263271 218374 198281 20093 452117 411197 40920 251670 231482 20188 15159 15159 586010 512443 73567 12897 4470 8427 428151 422323 5828 73677 51902 21775 2342484 1833716 508768 5622 5000 622 15494 13243 2251 69 69 221069 176006 45063 16294 16294 COMMENCEMENT 93405 93405 STUDENT AID 85548 85548 STUDENT SERVICES & ACTI 33154 33154 LICENSE, FEES & PERMITS 26946 4098 22848 11352 5970 5382 8679521 7609065 1070456 0 1609563 294092 290108 9779268 2000 0 335367 236089 72184 0 177892 206464 5722777 4261787 1670595 1460990 11194722 1109832 3169141 1584571 18521572 14671306 743959 484138 8372 0 3169140 1675254 3921471 2159392 X 14204325 12093215 395776 418699 14600101 12511914 18521572 14671306 -2170280 82093 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 366870 355 41711 18200 390736 346837 802 35931 16700 366870 375928 32728 -46919 11000 3900 346837 282015 25989 81325 10000 3400 375929 266434 10125 17956 9500 3000 282015 0.00000 1.00000 0.00000 0 1 1 3988043 2813234 1174809 1734734 1448553 286181 1460990 RIGHT TO USE ASSETS 1584571 1584571 OPERATING LEASE LIABILITY 1675254 1675254 X 6171790 82093 62905 144998 6026792 482449 482449 6509241 8259977 62905 62905 8197072 482449 482449 8679521 PART V, LINE 4: ENDOWMENT FUNDS ARE USED PER DONOR SPECIFICATIONS. THEY ARE PRIMARILY DESIGNATED TO PROVIDE STUDENT SCHOLARSHIPS BUT ARE ALSO USED FOR FACILITIES, PROGRAMS, AND ADMINISTRATIVE EXPENSES. PART X, LINE 2: 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, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS NETTED WITH REVENUE 62,905. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 467,290. INVESTMENT FEE 15,159. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS NETTED WITH REVENUE 62,905. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 467,290. INVESTMENT FEE 15,159. 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 86 417265 0 N/A N/A STUDENT SCHOLARSHIPS 23 50025 0 N/A N/A PART I, LINE 2: THE COLLEGE MONITORS ELIGIBILITY FOR THESE AWARDS BY ASSESSING STUDENT RECORDS, FINANCIAL NEED AND ACADEMIC PERFORMANCE. SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS FOR AWARDS. X X 1 1 1 1 0 0 0 0 0 0 0 DENNIS MARCHIORI DC PRESIDENT/CHANCELLOR 0 434264 0 102000 0 19911 0 24900 0 36835 0 617910 0 0 JENNIFER RANDAZZO TREASURER 0 175959 0 45000 0 296 0 19872 0 32048 0 273175 0 0 GREGORY SNOW DEAN 210823 0 6000 0 598 0 16962 0 6865 0 241248 0 0 0 BRIAN NOOK ASSOC DEAN 150859 0 4000 0 0 0 12400 0 24328 0 191587 0 0 0 MATTHEW SKALSKI FACULTY 137545 0 0 0 199 0 11204 0 2848 0 151796 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL IS ONLY PERMITTED BY THE CURRENT CHAIRMAN OF THE BOARD OF TRUSTEES SINCE HE IS LOCATED IN ANCHORAGE, ALASKA. CHARTER TRAVEL IS ALLOWED IF IT IS LESS EXPENSIVE THAN INDIVIDUAL AIRFARE WHEN A GROUP IS TRAVELING. THESE BENEFITS ARE NOT TREATED AS TAXABLE INCOME. TRAVELS FOR COMPANIONS - FOR ONE BOARD MEETING A YEAR, SPOUSES OF THE BOARD OF TRUSTEES ARE INVITED TO ACCOMPANY HIS/HER SPOUSE TO THE CITY WHERE THE MEETING TAKES PLACE. MOST YEARS THE COLLEGE REIMBURSES THE TRUSTEE MEMBER FOR THE SPOUSE'S TRAVEL AND EACH TRUSTEE MEMBER IS PROVIDED AN IRS FORM 1099 FOR THAT REIMBURSEMENT. ON A LESS FREQUENT BASIS, SPOUSES OF EXECUTIVES ARE INVITED TO BOARD MEETINGS. THE COST OF THAT TRAVEL IS ADDED TO AN EMPLOYEE'S IRS FORM W-2. PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CHANCELLOR IS DETERMINED BY THE BOARD OF PALMER COLLEGE FOUNDATION, A RELATED ENTITY. PART I, LINES 4A-B THOMAS SOUZA RECEIVED A SEVERANCE PAYMENT OF $54,564. PALMER COLLEGE FOUNDATION, A RELATED ENTITY, MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. CONTRIBUTIONS DURING THE YEAR TOTALED $5,000 FOR JENNIFER RANDAZZO. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL ACT WITH THE FULL POWER AND AUTHORITY OF THE BOARD OF TRUSTEES DURING THE INTERIM PERIODS BETWEEN THE BOARD OF TRUSTEES REGULAR MEETINGS EXCEPT AMENDING THE ARTICLES AND BYLAWS, MERGING OR DISSOLVING THE CORPORATION, CHANGES IN THE MISSION OR PURPOSE OF THE COLLEGE, EXERCISING POWERS SPECIFICALLY DELEGATED TO OTHER COMMITTEES BY THE BOARD, HIRING/ELECTING AND REMOVAL OF THE PRESIDENT/CHANCELLOR, EXEC VP, TREASURER, ASST SEC GEN AND ANY OTHER OFFICERS OF THE CORPORATION. AT SUCH MEETINGS THERE SHALL BE PRESENT IN PERSON OR BY PROXY A MAJORITY OF THE TRUSTEES WHO ARE MEMBERS OF THE EXECUTIVE COMMITTEE. 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. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM, AND PRESENTED TO THE VICE CHANCELLOR FOR FINANCE AND HER STAFF FOR THEIR REVIEW. THE FORM 990 DRAFT IS THEN PRESENTED TO THE AUDIT & COMPLIANCE COMMITTEE OF THE FOUNDATION'S BOARD OF TRUSTEES. THE AUDIT & COMPLIANCE COMMITTEE AND VICE CHANCELLOR FOR FINANCE WILL MEET TO REVIEW THE DRAFT FORM 990 WITH REPRESENTATIVES OF THE ACCOUNTING FIRM WHO COMPLETED THE DRAFT FORM 990, IF CONSIDERED NECESSARY. ONCE THE DRAFT HAS BEEN ACCEPTED BY THE AUDIT & COMPLIANCE COMMITTEE, COPIES OF THE FORM 990 WILL BE PROVIDED TO THE FULL BOARD OF TRUSTEES. ONCE BOARD RECEIPT HAS BEEN DETERMINED, THE VICE CHANCELLOR FOR FINANCE WILL SIGN AND FILE THE 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY FOR OFFICERS, DIRECTORS, AND TRUSTEES IS MANAGED BY THE TRUSTEE, GOVERNANCE & BOARD AFFAIRS (GOVERNANCE COMMITTEE) CHAIRPERSON IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE OR GOVERNANCE COMMITTEE. THE POLICY IS DISCUSSED ANNUALLY AT THE SPRING MEETING AND THEN TRUSTEES COMPLETE AN ANNUAL DISCLOSURE FORM AND SUBMIT IT TO THE BOARD SECRETARY, WHO COMPILES THE LISTING OF ANY CONFLICTS AND PROVIDES A SUMMARY REPORT TO THE FULL BOARD AT THE SUMMER MEETING. THOSE WHO HAVE DECLARED A CONFLICT REFRAIN FROM PARTICIPATING IN RELATED DISCUSSIONS OR VOTING WHEN THAT CONFLICT ARISES. IN THE EVENT OF VIOLATION, THE EXECUTIVE OR GOVERNANCE COMMITTEE ADVISE THE TRUSTEE OR OFFICER OF THE STEPS THAT SHOULD BE TAKEN TO RECTIFY THE SITUATION. IN THE EVENT OF ANY CONFLICT DETERMINED BY THE BOARD TO BE SIGNIFICANT, IT MAY RESULT IN THE TRUSTEE/OFFICER BEING ASKED TO CEASE AND DESIST PARTICIPATION IN THE RELATIONSHIP OR SEVER THEIR RELATIONSHIP WITH PALMER COLLEGE. ALL COMPLETED FORMS ARE SUBMITTED TO THE BOARD SECRETARY AND BOARD LEGAL COUNSEL ANNUALLY AND KEPT ON FILE. FOR KEY EMPLOYEES, CONFLICTS OF INTEREST OR COMMITMENT (COIC) ARE HANDLED BY THE COLLEGE'S COMPLIANCE DEPARTMENT. THE COLLEGE REQUIRES DISCLOSURE OF ANY CONFLICT (WHETHER ACTUAL, POTENTIAL OR PERCEIVED). IT IS THE RESPONSIBILITY OF ALL EMPLOYEES TO SELF-DISCLOSE COIC'S DURING THE ANNUAL COLLECTION PERIOD OR ANY TIME PRIOR TO THE EXISTENCE OF A CONFLICT. THE COLLEGE'S COIC COMMITTEE REVIEWS ALL DISCLOSURES AND CAREFULLY EVALUATES ALL CIRCUMSTANCES RELATED TO THE DISCLOSURES. WHERE A CONFLICT EXISTS, THE COIC COMMITTEE DETERMINES IF THE CONFLICT IS ACCEPTABLE OR NOT. THE COLLEGE MAY ALSO REQUIRE THE DEVELOPMENT OF A WRITTEN MANAGEMENT PLAN. SUCH A PLAN WILL SPECIFY HOW THE INDIVIDUAL WILL MANAGE OR RESOLVE THE CONFLICT. BECAUSE EACH CONFLICT MAY PRESENT UNIQUE CIRCUMSTANCES, THE CONTENT OF EACH PLAN MAY VARY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CONSIDERS SEVERAL SOURCES IN DETERMINING COMPENSATION FOR SENIOR ADMINISTRATORS SUCH AS THE ACC SURVEYS, CHRONICLE OF HIGHER EDUCATION SURVEYS, GUIDANCE FROM PROFESSIONAL COMPENSATION CONSULTANTS AND ALSO WITH SURVEYS CONDUCTED BY OUR HUMAN RESOURCES DEPARTMENT. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE MEETS PERIODICALLY DURING THE YEAR TO REVIEW THE CHANCELLOR'S PERFORMANCE AND SETS THE CHANCELLOR'S COMPENSATION. THESE DISCUSSIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE CHANCELLOR SETS THE SENIOR ADMINISTRATORS SALARIES USING THE SURVEYS LISTED ABOVE AS GUIDANCE. PERIODICALLY, THE CHANCELLOR REPORTS TO THE APPROPRIATE BOARD COMMITTEE TO REVIEW SALARIES OF THE SENIOR ADMINISTRATORS. FORM 990, PART VI, SECTION C, LINE 19 PALMER COLLEGE DOES NOT MAKE ITS POLICIES, GOVERNING DOCUMENTS, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST OR COMMITMENT POLICY IS AVAILABLE ON PALMER'S WEBSITE. FORM 990, PART VI, SECTION A, LINE 1B: THE FOLLOWING PALMER COLLEGE OF CHIROPRACTIC WEST DIRECTOR IS NOT INDEPENDENT DUE TO A TRANSACTION DISCLOSED ON THE FORM 990, SCHEDULE L OF PALMER COLLEGE FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION: KENT PILCHER. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT & COMPLIANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PALMER COLLEGE FOUNDATION 1000 BRADY STREET DAVENPORT IA 52803 426081293 EDUCATION IA 501(C)(3) LINE 2 N/A 0 DR DAVID D PALMER ATHLETIC TRUST 1000 BRADY STREET DAVENPORT IA 52803 274313852 FUND RAISING IA 501(C)(3) LINE 12A, I PALMER COLLEGE FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0