Philadelphia College Of Osteopathic Medicine in Philadelphia, Pennsylvania (PA)

Organization representatives - add corrected or new information about Philadelphia College Of Osteopathic Medicine »

Non-representatives - add comments about Philadelphia College Of Osteopathic Medicine»

Philadelphia College Of Osteopathic Medicine
Employer Identification Number (EIN)231355135
Name of OrganizationPhiladelphia College Of Osteopathic Medicine
In Care of NamePcom Management
Address4190 City Avenue, Philadelphia, PA 19131-1626
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date07/1955
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$159,795,761
Amount of Income$124,780,842
Form 990 Revenue Amount$124,246,119
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Graduate, Professional Schools (Separate Entities)


Non-representatives - add comments:


CAPTCHA

Your IP address 18.119.28.213 will be logged.

Amount of income in 2013: $124,780,842
Philadelphia College Of Osteopathic Medicine: 

 $124,780,842
Other organizations performing similar types of work: 

 $34,257,295

Assets in 2013: $159,795,761
Philadelphia College Of Osteopathic Medicine: 

 $159,795,761
Other organizations performing similar types of work: 

 $64,480,162

Expenses in 2013: $98,946,544
Philadelphia College Of Osteopathic Medicine: 

 $98,946,544
Other organizations performing similar types of work: 

 $24,968,416

Income to expenses ratio in 2013: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 69.0%
Philadelphia College Of Osteopathic Medicine: 

 69.0%
Other organizations performing similar types of work: 

 75.4%

Number of employees in 2013: 1,636
This organization: 

 1,636
Other organizations performing similar types of work: 

 409

Employees paid over $100,000 in 2013: 6.7%
This organization: 

 6.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 3.3%
Philadelphia College Of Osteopathic Medicine: 

 3.3%
Other organizations performing similar types of work: 

 10.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10966598
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1,5061,636
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$4,238,624$4,342,003
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$767,025$787,666
Total number of individuals who received more than $100,000 of reportable compensation from the organization10798
Total number of independent contractors who received more than $100,000 of compensation from the organization911
Statement of Revenue
201120122013
Total revenue$102,752,259$108,782,265$124,246,119
Contributions, Gifts, Grants and Other Similar Amounts$4,435,250$4,956,861$4,068,550
Program Service Revenue$92,655,839$100,103,554$108,494,820
900099$81,245,324$89,321,094
900099$13,064,155$13,460,491
900099$5,620,055$5,570,080
900099$174,020$143,155
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$462,931$419,733$369,015
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$780,730$822,331$814,369
Gross rents (Real / Personal)$1,303,344 / $0$1,303,672 / $0$1,290,127 / $0
Less: rental expenses (Real / Personal)$522,614 / $0$481,341 / $0$475,758 / $0
Rental income or (loss) (Real / Personal)$780,730 / $0$822,331 / $0$814,369 / $0
Net gain/loss from sales of assets other than inventory$74,940$33,453$0
Net income/loss from fundraising events$-40,144$-50,895$-33,095
Gross income from fundraising events$21,871$36,478$25,870
Less: direct expenses$62,015$87,373$58,965
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$4,382,713$2,497,228$10,532,460
900099$706,996$1,082,443
900099$429,367$464,677
900099$322,918$7,560
All other revenue$1,037,947$8,977,780
Statement of Functional Expenses
201120122013
Total functional expenses$90,741,700$96,022,203$98,946,544
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$51,525$42,723
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$3,073,058$2,919,418$2,870,472
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$39,568,896$43,251,634$45,656,153
Pension plan accruals and contributions$3,766,939$4,226,724
Other employee benefits$7,962,742$7,339,342
Payroll taxes$2,829,859$3,032,857$3,227,196
Fees for services (non-employees)
Management$515,489$381,573
Legal$636,476$439,723
Accounting$168,444$168,803
Lobbying$205,705$345,492
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$5,736,698$6,113,748
Advertising and promotion$347,820$457,983
Office expenses$6,665,131$6,765,309
Information technology$1,752,951$1,718,911
Royalties$0$0
Occupancy$1,970,874$1,771,373
Travel$1,071,700$1,171,542
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$183,019$208,876
Interest$949,183$902,629
Payments to affiliates$0$0
Depreciation, depletion, and amortization$7,407,221$7,252,662
Insurance$3,255,629$2,840,690
Other expenses$2,065,670$2,319,023
Other expenses$969,627$1,186,928
Other expenses$1,004,562$1,028,726
Other expenses$-53,805$378,016
Other expenses$184,694$131,927
Balance Sheet
201120122013
Total assets$142,529,492$134,033,122$159,795,761
Cash - non-interest-bearing$73,045$71,458
Savings and temporary cash investments$22,847,705$63,933,901
Pledges and grants receivable, net$0$0
Accounts receivable, net$3,706,644$3,552,583
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$7,948,360$8,966,478
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$3,726,667$2,868,298
Land, buildings, and equipment: cost or other basis$63,762,869$63,332,020
Investments - publicly traded securities$0$0
Investments - other securities$19,198,497$3,613,033
Investments - program-related$0$0
Intangible assets$0$0
Other assets$12,769,335$13,457,990
Total liabilities$61,220,324$61,977,438$62,680,431
Accounts payable and accrued expenses$17,760,074$17,845,903
Grants payable$0$0
Deferred revenue$10,388,371$12,146,595
Tax-exempt bond liabilities$22,185,634$20,892,449$19,550,356
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$12,936,544$13,137,577
Total net assets or fund balances$81,309,168$72,055,684$97,115,330
Unrestricted net assets$72,055,684$97,115,330
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$55,397,423$57,377,359$61,991,770$63,835,947$70,708,524$78,958,631$90,432,793$96,154,428
Contributions, gifts, grants, and similar amounts received$7,549,827$7,820,056$8,190,863$7,830,384$8,437,984$9,025,462$8,589,363$8,144,488
Contributions to donor advised funds$0$0
Direct public support$0$0$5,580$4,268$10,318$60,638$20,545$12,334
Indirect public support$99,061$602,837$71,422$143,948$115,204$359,992$466,277$383,383
Government contributions (grants)$7,450,766$7,217,219$8,113,861$7,682,168$8,312,462$8,604,832$8,102,541$7,748,771
Program service revenue including government fees and contracts$45,435,745$47,436,238$51,347,682$53,055,638$56,197,989$62,703,480$69,881,894$78,349,468
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$344,459$217,716$213,538$221,650$773,463$1,367,126$2,875,999$2,944,827
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$700,991$801,866$645,005$585,261$842,387$787,425$573,746$503,694
Gross rents$1,826,153$1,925,481$1,681,148$1,665,688$1,946,393$1,967,404$1,744,201$1,691,851
Less: rental expenses$1,125,162$1,123,615$1,036,143$1,080,427$1,104,006$1,179,979$1,170,455$1,188,157
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-5,269$-89,798$0$0$1,638,281$2,378,948$5,567,477$3,513,105
Gross amount from sales of assets other than inventory$0$0$0$0$29,166,967$38,165,721$51,231,869$55,347,691
Less: cost or other basis and sales expenses$5,269$89,798$0$0$27,528,686$35,786,773$45,664,392$51,834,586
Net income or (loss) from special events and activities$-47,168$-55,448$-58,204$-49,524$-40,844$-64,306$-69,253$-61,687
Gross revenue$18,375$37,686$60,570$25,796$24,251$34,309$43,619$63,348
Less: direct expenses other than fundraising expenses$65,543$93,134$118,774$75,320$65,095$98,615$112,872$125,035
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$1,418,838$1,246,729$1,652,886$2,192,538$2,859,264$2,760,496$3,013,567$2,760,533
Total expenses$53,086,224$62,196,896$63,165,348$60,170,953$63,634,155$71,229,350$80,393,943$87,790,206
Program services$34,994,925$41,773,501$41,411,218$39,042,095$41,772,853$46,807,087$51,510,426$60,561,926
Management and general$17,381,049$19,562,060$20,848,726$20,192,866$20,879,178$23,276,625$27,702,903$25,843,189
Fundraising$710,250$861,335$905,404$935,992$982,124$1,145,638$1,180,614$1,385,091
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$38,085,874$36,956,589$34,534,247$40,960,011$46,897,596$59,498,888$68,027,966$77,960,721
Excess or (deficit) for the year$2,311,199$-4,819,537$-1,173,578$3,664,994$7,074,369$7,729,281$10,038,850$8,364,222
Net assets or fund balances at beginning of year$34,969,421$38,085,874$36,956,589$34,534,247$40,960,011$46,897,596$59,498,888$68,027,966
Other changes in net assets or fund balances$805,254$3,690,252$-1,248,764$2,760,770$-1,136,784$4,872,011$-1,509,772$1,568,533
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$87,790,206$60,561,926$25,843,189$1,385,091
Grants paid from donor advised funds$0
Other grants and allocations$2,671,574
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,060,301$0$1,817,760$242,541
Compensation of former officers, directors, key employees, etc.$100,000$0$100,000$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$33,366,620$28,422,687$4,504,879$439,054
Pension plan contributions not included above$7,881,698$6,539,908$1,223,259$118,531
Employee benefits not included above$5,417,614$4,351,531$967,480$98,603
Payroll taxes$2,308,911$1,886,816$379,341$42,754
Professional fundraising fees$0$0$0$0
Accounting fees$123,149$0$123,149$0
Legal fees$693,304$0$693,304$0
Supplies$2,600,873$1,486,343$1,052,992$61,538
Telephone$523,196$56,760$456,388$10,048
Postage and shipping$352,844$80,065$235,337$37,442
Occupancy$1,692,473$1,492,726$165,923$33,824
Equipment rental and maintenance$945,508$798,467$147,041$0
Printing and publications$2,560,055$2,110,157$374,790$75,108
Travel$777,349$571,052$92,803$113,494
Conferences, conventions, and meetings$128,316$79,431$46,057$2,828
Interest$3,389,047$2,302,700$1,086,347$0
Depreciation, depletion, etc.$6,675,202$1,213,533$5,456,624$5,045
Other expenses not covered above$13,522,172$6,498,176$6,919,715$104,281
Balance Sheets
20002001200220032004200520062007
Total assets$96,293,537$93,951,475$102,780,982$110,395,720$119,480,253$127,989,355$135,366,510$139,119,407
Cash - non-interest-bearing$240,862$173,363$41,313$277,232$403,898$507,766$213,300$98,406
Savings and temporary cash investments$454,039$538,606$614,992$12,225,845$16,878,578$23,631,575$40,477,517$48,328,609
Accounts receivable less allowance for doubtful accounts$2,824,889$2,283,696$3,413,063$3,649,175$3,573,604$3,442,110$3,643,740$4,438,936
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$10,411,349$11,304,737$11,709,949$15,167,779$16,205,458$16,846,505$17,201,691$11,120,752
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$2,741,915$890,533$539,031$688,907$521,621$823,494$774,615$722,968
Investments - publicly-traded securities$706,955$0
Investments - other securities$0$2,074,314$0$0$0$680,609$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$495,993$488,380$7,308,196$2,883,897$633,618$699,317$647,289$5,651,492
Land, buildings, and equipment less accumulated depreciation$75,734,050$74,972,783$74,397,587$72,361,213$79,665,099$81,036,931$71,406,016$67,756,190
Other assets, including program-related investments$3,390,440$1,225,063$4,756,851$3,141,672$1,598,377$321,048$295,387$1,002,054
Total liabilities$58,207,663$56,994,886$68,246,735$69,435,709$72,582,657$68,490,467$67,338,544$61,158,686
Accounts payable and accrued expenses$10,143,728$13,236,981$18,274,399$19,357,601$22,620,631$19,138,948$18,520,616$12,139,468
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$5,593,433$5,632,241$7,717,520$7,770,659$8,033,190$8,261,547$8,634,010$9,714,179
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$23,488,577$22,701,198$30,591,660$30,372,918$29,257,979$28,125,404$26,991,217$25,834,029
Mortgages and other notes payable$8,876,000$15,424,466$11,663,156$0$12,670,857$0$0$0
Other liabilities$10,105,925$0$0$11,934,531$0$12,964,568$13,192,701$13,471,010
Total liabilities and net assets/fund balances$96,293,537$93,951,475$102,780,982$110,395,720$119,480,253$127,989,355$135,366,510$139,119,407
Total net assets or fund balances$38,085,874$36,956,589$34,534,247$40,960,011$46,897,596$59,498,888$68,027,966$77,960,721
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$55,397,423$57,377,359$61,991,770$63,835,947$70,708,524$78,958,631$90,432,793$96,154,428
Total revenue, gains, and other support per audited financial statements$56,675,799$58,604,675$63,100,033$67,159,606$71,791,560$80,202,915$93,544,960$97,404,272
Other expenses$1,278,376$1,227,316$1,108,263$3,323,659$1,083,036$1,244,284$3,112,167$1,249,844
Net unrealized gains on investments$0$0$0$2,165,263$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$1,278,376$1,227,316$1,108,263$1,158,396$1,083,036$1,244,284$3,112,167$1,249,844
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$53,086,224$62,196,896$63,165,348$60,170,953$63,634,155$71,229,350$80,393,943$87,790,206
Total expenses and losses per audited financial statements$54,258,554$63,375,959$64,259,695$61,300,904$66,917,857$68,904,015$81,633,649$89,040,050
Other revenue$1,172,330$1,179,063$1,094,347$1,129,951$3,283,702$-2,325,335$1,239,706$1,249,844
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$165,198$0$0
Losses$0$0$0$0$2,138,851$-3,734,817$0$0
Other$1,172,330$1,179,063$1,094,347$1,129,951$1,144,851$1,244,284$1,239,706$1,249,844
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$530,272$47,668$6,600
40$414,319$46,965$6,600
40$285,505$50,739$6,600
40$222,085$44,741$0
40$198,389$37,552$6,600
40$64,199$16,810$0
40$58,707$15,950$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings24
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$100,000$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006748
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$213,394$5,933,973$81,862,573
Program service revenue
Program service revenue 1000000$000$0$60,538,975
Program service revenue 2000000$000$0$13,116,714
Program service revenue 3000000$000$0$4,535,918
Program service revenue 4000000$000$0$157,861
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,944,827$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$503,694$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$3,513,105
Net income or (loss) from special events000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$-61,687$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenuePrinting and related support activities$213,394Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$2,547,139$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
300215557100%$5,552,341$4,252,243
233036591100%$0$0
233036589100%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$264,005$46,918$0
$257,662$46,215$0
$244,340$46,469$0
$224,640$46,916$6,600
$227,945$32,840$0
Total number of other employees paid over $50,000178
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$243,050
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$89,040,050
Total lobbying expenditures$243,050
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$243,050
Other exempt purpose expenditures$88,797,000
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-1,048,800$0$-1,048,800
Gross receipts or sales less returns and allowances$213,394$0$0
Cost of goods sold$223,882$0$0
Gross profit$-10,488$0$-10,488
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$10
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$-1,048,800
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-1,048,800
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Philadelphia College Of Osteopathic Medicine to others? (optional)
  
Add photo of Philadelphia College Of Osteopathic Medicine (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Light Of The World Ministries in Philadelphia, PA
*****
Florence Cowanova School Of Dance in Philadelphia, PA
Norris Community Resident Council Inc in Philadelphia, PA
*
Antioch Christian Fellowship in Philadelphia, PA
*****
Iron Sharpens Iron in Philadelphia, PA
****•
Trinity Recovery Network Inc in Philadelphia, PA
Amici Opera Company in Philadelphia, PA
*****
City Youth Association Gators in Philadelphia, PA
*****
Victory House International Ministries Inc in Philadelphia, PA
*****
Holy Church Of The Living God Inc in Philadelphia, PA
****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1President And Fellows Of Harvard College, Harvard VoicelabDudley House Lehman Third Floor Harvard University, Cambridge, MA 02138MA1967-12$83,181,439,574
2Icahn School Of Medicine At Mount SinaiPO BOX 28980, New York, NY 10087-8980NY1964-02$1,650,143,474
3Baylor College Of MedicineOne Baylor Plaza - Ms Bcm 204, Houston, TX 77030-3411TX1969-01$1,481,030,697
4Midwestern University, Kappa Psi Delta Sigma19555 N 59th Avenue, Glendale, AZ 85308AZ1996-09$661,268,091
5Thomas Jefferson University1020 Walnut St Rm 537, Philadelphia, PA 19107-5543PA1996-01$466,277,819
6New York Medical CollegeAdministration Building, Valhalla, NY 10595NY1940-08$366,170,364
7Lake Erie College Of Osteopathic Medicine Inc1858 W Grandview Blvd, Erie, PA 16509-1025PA1994-02$156,755,675
8University Of The Sciences In Philadelphia, University Of Sciences In Philadelp600 S 43rd St, Philadelphia, PA 19104-4495PA1982-06$144,323,204
9Philadelphia College Of Osteopathic Medicine4190 City Avenue, Philadelphia, PA 19131-1626PA1955-07$124,780,842
10Salus University8360 Old York Rd, Elkins Park, PA 19027-1576PA1949-10$40,117,029
11American College270 S Bryn Mawr Ave, Bryn Mawr, PA 19010-2105PA1938-06$35,368,058
12Cairn University200 Manor Ave, Langhorne, PA 19047-2942PA1952-03$29,070,809
13Baptist Bible College Of Pennsylvania538 Venard Rd, S Abingtn Twp, PA 18411-1250PA1940-11$12,644,243
14Pittsburgh Institute Of Mortuary Science Inc585-10 Baum Blvd, Pittsburgh, PA 15206PA1968-08$11,203,134
15Eastern Baptist Theological SeminaryWynnewood, PA 19096PA$3,366,730
16The Commonwealth Medical College525 Pine St, Scranton, PA 18509-3240PA2007-12$34,257,295
17Semmes-Murphey Foundation6325 Humphreys Blvd, Memphis, TN 38120-2300TN2010-07$916,657
18Wyoming State Bar FoundationPO BOX 109, Cheyenne, WY 82003-0109WY1982-05$144,184
19Houston Institute Of Biblical Development, Hibd5815 Airline Dr, Houston, TX 77076-4922TX2007-08$0
20School Of Communication Information And Library Studies, School Of Communication And Information Alumni Association4 Huntington Street, New Brunswick, NJ 08901NJ2000-04$0
Number of organizations performing similar types of work
Arizona3
California18
Colorado1
Connecticut1
District of Columbia1
Florida2
Georgia2
Iowa3
Illinois8
Indiana1
Kentucky1
Louisiana1
Massachusetts10
Maine3
Michigan4
Minnesota5
Missouri4
Mississippi1
North Carolina2
Nebraska2
New Hampshire2
New Jersey1
Nevada1
New York17
Ohio4
Oregon2
Pennsylvania11
Rhode Island2
South Carolina3
Tennessee6
Texas9
Virginia3
Wisconsin1
Wyoming1
International2
Total138

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Philadelphia College Of Osteopathic Medicine and has no official or unofficial affiliation with Philadelphia College Of Osteopathic Medicine