Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,624,721

• 1e · Government grants (contributions)

  $5,713,602

• 1f · All other contributions, gifts and grants

  $2,158,680

• 2a · Program service revenue: TUITION REVENUE

  total $143,106,152 · related or exempt $143,106,152

• 2b · Program service revenue: GRADUATE MEDICAL EDUCATION

  total $11,692,930 · related or exempt $11,692,930

• 2c · Program service revenue: PRACTICE CARE NETWORK

  total $4,316,635 · related or exempt $4,316,635

• 2d · Program service revenue: CONTINUING MEDICAL EDUCATION

  total $251,037 · related or exempt $251,037

• 3 · Investment income

  total $138,510 · excluded $138,510

• 6a · Gross rents

  real property $1,138,462

• 6b · Less rental expenses

  real property $518,990

• 6c · Rental income or loss

  real property $619,472

• 6d · Net rental income or loss

  total $619,472 · excluded $619,472

• 11a · Other revenue: CAPTIVE RETRO PREMIUM

  total $1,275,884 · excluded $1,275,884

• 11b · Other revenue: ALL OTHER REVENUE

  total $1,041,348 · related or exempt $80,128 · unrelated business $32,822 · excluded $928,398

• 11c · Other revenue: PARKING LOT REVENUE

  total $294,816 · excluded $294,816

• 11e · Other revenue, total

  $2,612,048

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,500,000 · program services $3,500,000

• 2 · Grants to domestic individuals

  total $143,878 · program services $143,878

• 5 · Compensation of officers, directors and key employees

  total $4,685,671 · program services $1,116,429 · management and general $3,225,571 · fundraising $343,671

• 7 · Other salaries and wages

  total $78,260,882 · program services $61,821,536 · management and general $15,212,228 · fundraising $1,227,118

• 8 · Pension plan contributions

  total $8,029,759 · program services $6,238,500 · management and general $1,791,259

• 9 · Other employee benefits

  total $12,218,420 · program services $9,513,401 · management and general $2,705,019

• 10 · Payroll taxes

  total $6,196,297 · program services $4,324,379 · management and general $1,381,811 · fundraising $490,107

• 11a · Fees: management

  total $3,850,839 · program services $951,477 · management and general $2,259,569 · fundraising $639,793

• 11b · Fees: legal

  total $94,515 · management and general $94,515

• 11c · Fees: accounting

  total $430,936 · management and general $430,936

• 11d · Fees: lobbying

  total $545,782 · management and general $545,782

• 11g · Fees: other

  total $13,610,610 · program services $7,941,612 · management and general $5,561,753 · fundraising $107,245

• 12 · Advertising and promotion

  total $1,046,961 · program services $60,200 · management and general $981,219 · fundraising $5,542

• 13 · Office expenses

  total $11,104,612 · program services $2,647,540 · management and general $7,995,805 · fundraising $461,267

• 14 · Information technology

  total $4,306,702 · management and general $4,306,702

• 16 · Occupancy

  total $1,641,351 · program services $1,198,858 · management and general $441,168 · fundraising $1,325

• 17 · Travel

  total $1,353,797 · program services $996,473 · management and general $329,824 · fundraising $27,500

• 19 · Conferences, conventions and meetings

  total $638,522 · program services $555,069 · management and general $71,343 · fundraising $12,110

• 20 · Interest

  total $905,393 · management and general $905,393

• 22 · Depreciation, depletion and amortization

  total $8,770,766 · program services $2,429,076 · management and general $6,332,351 · fundraising $9,339

• 23 · Insurance

  total $2,176,585 · program services $2,398,620 · management and general -$222,035

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $5,026,567 · program services $4,425,325 · management and general $542,187 · fundraising $59,055

• 24b · Other expenses: MAINTENANCE & REPAIRS

  total $1,675,096 · program services $101,929 · management and general $1,573,167

• 24c · Other expenses: RESEARCH AND SUPPORT

  total $1,593,025 · program services $1,577,920 · management and general $15,105

• 24d · Other expenses: BAD DEBT

  total $626,502 · program services $626,502

• 24e · All other expenses

  total $144,434 · program services $129,003 · management and general $15,431

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $98,646 · end of year $17,061

• 2 · Savings and temporary cash investments

  beginning of year $27,279,433 · end of year $13,603,104

• 4 · Accounts receivable

  beginning of year $13,873,210 · end of year $15,289,222

• 7 · Other notes and loans receivable

  beginning of year $7,738,505 · end of year $7,103,960

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,801,813 · end of year $5,163,682

• 10a · Land, buildings and equipment: cost or other basis

  $274,360,951

• 10b · Land, buildings and equipment: accumulated depreciation

  $191,191,721

• 10c · Land, buildings and equipment, net

  beginning of year $86,253,751 · end of year $83,169,230

• 12 · Investments: other securities

  beginning of year $1,118,477 · end of year $4,198,690

• 15 · Other assets

  beginning of year $19,704,480 · end of year $20,944,213

• 17 · Accounts payable and accrued expenses

  beginning of year $26,001,873 · end of year $29,000,119

• 19 · Deferred revenue

  beginning of year $24,855,824 · end of year $28,306,043

• 20 · Tax-exempt bond liabilities

  beginning of year $22,941,159 · end of year $22,415,369

• 25 · Other liabilities

  beginning of year $10,910,884 · end of year $10,352,361

• 27 · Net assets without donor restrictions

  beginning of year $75,158,575 · end of year $59,415,270

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION PAID TO THE PRESIDENT AND OFFICERS OF PCOM AND PCOM FOUNDATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE PCOM BOARD OF TRUSTEES. IN ADDITION, AN ANNUAL REVIEW IS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING ORGANIZATION, IN ORDER TO PROVIDE AN OPINION OF THE REASONABLENESS OF, AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. ALL BONUSES ARE MERIT-BASED.

PART I, LINE 7

PLEASE SEE NARRATIVE FOR FROM 990, PART VI, LINE 15 ON FORM 990, SCHEDULE O.

PART II - COMPENSATION OF TRUSTEE

MARLA D. GOLDEN, DO, MS IS A TRUSTEE AND EMPLOYEE OF PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM). THE COMPENSATION FOR DR. GOLDEN REPORTED ON FORM 990, PART VII AND SCHEDULE J, PART II IS FOR HER ASSOCIATE DEAN FOR OSTEOPATHIC CLINICAL EDUCATION POSITION AT PCOM. DR. GOLDEN IS NOT COMPENSATED FOR HER TIME DEVOTED AS TRUSTEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PCOM STUDENT LOAN LLC

  INACTIVE · PA · income $0 · assets $0

  Directly controlled by PCOM

• PCOM TECHNOLOGY LLC

  INACTIVE · PA · income $0 · assets $0

  Directly controlled by PCOM

• PCOM TECHNOLOGY SUBSIDIARY LLC

  INACTIVE · PA · income $0 · assets $0

  Directly controlled by PCOM

• PCOM TECHNOLOGY HOLDING LLC

  INACTIVE · PA · income $0 · assets $0

  Directly controlled by PCOM

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• PCOM PRIMARY CARE INNOVATION FUND LLC

  N/A · INVESTMENTS · DE

• PCOM PRIMARY CARE INNOVATION FUND II LLC

  N/A · INVESTMENTS · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• AMERICAN OSTEO INSURANCE CO LTD

  C · INSURANCE · CJ · 100% owned · share of income $1,752,659 · share of assets $13,076,781 · controlled entity

  Directly controlled by PCOM