Form 990 for tax year 2024

Totals

Total revenue

$309,538,440

Total expenses

$276,016,252

Contributions and grants received

$160,421,092

Grants paid

$151,711,261

Program service revenue

$136,616,589

Investment income

$6,512,777

Other revenue

$5,987,982

Total assets, end of year

$299,399,983

Total liabilities, end of year

$81,936,844

Net assets or fund balances, end of year

$217,463,139

Program services expenses (Part IX)

$247,282,636

Management and general expenses

$27,029,355

Fundraising expenses

$1,704,261

Program service expenses (Part III)

$247,282,636

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• VCOM IS AN OSTEOPATHIC MEDICAL COLLEGE GUIDED BY A MISSION THAT WILL PRODUCE THE PHYSICIANS THIS COUNTRY NEEDS.EDUCATION:AS A MEDICAL SCHOOL, VCOM CONTINUES TO MAKE EXTRAORDINARY PROGRESS TOWARDS IMPROVING HEALTHCARE IN RURAL AMERICA THROUGH RESEARCH AND THE WORK OF FACULTY, STUDENTS AND ALUMNI. UNDER A PUBLIC/PRIVATE PARTNERSHIP WITH VIRGINIA TECH, VCOM OPENED ITS DOORS TO ITS FIRST STUDENTS IN BLACKSBURG, VIRGINIA, IN THE FALL OF 2003 AND GRADUATED ITS FIRST CLASS IN 2007.IN 2010, VCOM FOUNDED ITS SECOND CAMPUS, VCOM-CAROLINAS, IN COLLABORATION WITH SPARTANBURG REGIONAL HEALTH SYSTEM TO ADDRESS THE HEALTHCARE SHORTAGES IN THE UPSTATE REGION OF SOUTH CAROLINA. THE FIRST STUDENTS BEGAN THEIR MEDICAL EDUCATION AT VCOMCAROLINAS IN THE FALL OF 2011, AND THE CAMPUS GRADUATED ITS FIRST CLASS IN 2015. AUBURN UNIVERSITY ADMINISTRATION LEARNED OF THE SUCCESS OF THE VCOM/VT COLLABORATION AND THROUGH A PUBLIC/PRIVATE COLLABORATION, A THIRD VCOM CAMPUS AT AUBURN UNIVERSITY WAS OPENED. VCOM-AUBURN'S INAUGURAL CLASS ENTERED IN 2015 AND GRADUATED IN MAY 2019. VCOM AND THE UNIVERSITY OF LOUISIANA MONROE (ULM) FORMED A PUBLIC/PRIVATE PARTNERSHIP AND VCOM OPENED ITS FOURTH CAMPUS TO STUDENTS IN 2020. THE INAUGURAL CLASS GRADUATED 139 PHYSICIANS IN MAY OF 2024. INCLUDING THE CLASS OF 2025, ACROSS ITS FOUR CAMPUSES, VCOM HAS GRADUATED MORE THAN 6,300 PHYSICIANS AND IS AMONG THE LEADING PRODUCERS OF PHYSICIANS WHO SERVE THE SOUTHEASTERN UNITED STATES. WHILE VCOM HAS GROWN INTO ONE OF THE LARGEST MEDICAL SCHOOLS IN THE COUNTRY, EACH CAMPUS MAINTAINS THE FEEL OF A SMALL PRIVATE COLLEGE, WITH A DEDICATED FOCUS ON THE COMMUNITY, STATE, AND MEDICALLY UNDERSERVED REGIONS THAT THE CAMPUS SERVES.FROM ITS ACADEMIC PROGRAM TO GRADUATE MEDICAL EDUCATION PROGRAMS, VCOM FOCUSES ON RURAL AND MEDICALLY UNDERSERVED POPULATIONS. IN FACT, THE COLLEGE'S COMMITMENT TO THE HEALTH OF THOSE COMMUNITIES STARTS WITH ITS RECRUITMENT FOCUS. 22% OF VCOM STUDENTS COME FROM RURAL COMMUNITIES OF LESS THAN 10,000 AND 45% COME FROM COMMUNITIES OF LESS THAN 30,000. THE COLLEGE'S RECRUITMENT PHILOSOPHY PROVIDES THE OPPORTUNITY FOR THOSE FROM RURAL AND MEDICALLY UNDERSERVED COMMUNITIES TO BECOME PHYSICIANS AND HELPS ENSURE THAT VCOM GRADUATES ARE MORE LIKELY TO RETURN TO PRACTICE IN MEDICALLY UNDERSERVED AREAS AFTER THEY FINISH RESIDENCY.CURRENTLY, 59% OF VCOM GRADUATES WORK IN MEDICALLY UNDERSERVED COMMUNITIES, INCLUDING PRIMARY CARE HEALTH PROFESSIONS AREAS, AND 70% PRACTICE IN A TARGET AREA IN AN APPALACHIAN OR DELTA COUNTY OR CITY. VCOM'S MISSION IS THE GUIDING FORCE BEHIND ITS SUCCESS, DRIVING A VISION FOR HEALTHIER APPALACHIAN AND DELTA COMMUNITIES. IT REFLECTS A FUTURE WHERE ALL INDIVIDUALS, REGARDLESS OF WHERE THEY LIVE, HAVE EQUITABLE ACCESS TO QUALITY HEALTHCARE AND THE OPPORTUNITY TO LIVE HEALTHIER LIVES.

  Expenses $224,163,596 · Grants $151,434,007 · Revenue $133,048,456

• RESEARCH:PART OF VCOM'S MISSION IS TO ADVANCE SCIENTIFIC KNOWLEDGE THROUGH MEDICAL RESEARCH. VCOM STRIVES TO FOSTER A CULTURE OF FACULTY GROWTH AND INSTITUTIONAL EXCELLENCE THROUGH SUPPORT FOR FACULTY RESEARCH, INNOVATION, AND SCHOLARLY WORK THAT IMPROVES HUMAN HEALTH.MEDICAL RESEARCH PROVIDES THE FOUNDATION FOR DISCOVERIES THAT WILL BENEFIT HUMAN AND ANIMAL POPULATIONS AROUND THE WORLD. RESEARCHERS ANALYZE DISEASE TRENDS AND RISK FACTORS, PROVIDE NEW TREATMENT OPTIONS, DEVELOP NEW MEDICINES, CREATE AND IMPROVE MEDICAL DEVICES, REDUCE HEALTH CARE COSTS AND PROVIDE NEW DIRECTIONS FOR PATIENT CARE. RESEARCH OFFERS NEW POSSIBILITIES FOR IMPROVING OUTCOMES FOR PATIENTS FACING CHRONIC ILLNESS OR COMPLEX DIAGNOSES.VCOM RESEARCHERS ARE ADVANCING MEDICAL INNOVATION. LAST YEAR, VCOM PROVIDED MORE THAN $1.2 MILLION IN SEED FUNDING TO ITS FACULTY, AND 25 SEED GRANTS WERE AWARDED. THERE WERE 110 PEER-REVIEWED PUBLICATIONS GENERATED IN 2024, MORE THAN 337 PUBLICATIONS WITH VCOM STUDENTS NAMED AS CONTRIBUTING AUTHORS, AND OVER 750 POSTERS FEATURING STUDENTS AS CO-AUTHORS WERE PRESENTED AT LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL CONFERENCES. NEARLY 100 PUBLICATIONS HAVE BEEN PUBLISHED ON VCOM'S CUREUS CHANNEL. IN 2024, THE MOST RECENT FIGURES AVAILABLE, VCOM ACHIEVED A NOTEWORTHY 31.5% SUCCESS RATE WITH EXTRAMURAL APPLICATIONS. CURRENT RESEARCH EXPENDITURES TOTAL MORE THAN $12.5 MILLION. OVER THE LIFE OF VCOM'S RESEARCH PROGRAM, BEGINNING IN 2003, THE COLLEGE'S RESEARCH EXPENDITURES TOTALED MORE THAN $128.5 MILLION.VCOM'S SUCCESSFUL PROGRAM TO ENCOURAGE STUDENT RESEARCH, THE D.O. DEGREE WITH RESEARCH DISTINCTION PROGRAM, BEGAN IN 2020 AND CONTINUES TO GROW RAPIDLY. THIS PROGRAM PROVIDES RESOURCES AND TRAINING TO ENCOURAGE STUDENTS TO BECOME CLINICIAN-RESEARCHERS. STUDENTS ACCEPTED INTO THE PROGRAM COMPLETE A DESIGNATED CURRICULUM AND DESIGN AND CONDUCT A RESEARCH PROJECT WITH A FACULTY MENTOR. UPON COMPLETION, THE DO WITH RESEARCH DISTINCTION PROGRAM AWARDS STUDENTS WHO HAVE COMPLETED SIGNIFICANT RESEARCH WITH AN ADDITIONAL DESIGNATION AT GRADUATION. SUCH OUTPUT INCLUDES SUBMITTING A MANUSCRIPT TO A PEER-REVIEWED JOURNAL. THUS FAR, 148 STUDENTS HAVE RECEIVED THE DISTINCTION AND 123 STUDENTS ARE ENROLLED IN THE PROGRAM.THE ANNUAL VCOM RESEARCH RETREAT HAS BECOME A CORNERSTONE FOR THE CONTINUOUS GROWTH OF THE VCOM RESEARCH ENVIRONMENT. IT PROVIDES AN IDEAL OPPORTUNITY FOR FACULTY TO BECOME BETTER ACQUAINTED WITH THE UNIQUE RESEARCH CAPACITIES, RESOURCES AND OPPORTUNITIES AVAILABLE ACROSS VCOM'S FOUR-CAMPUS SYSTEM. EACH VCOM CAMPUS TAKES TURNS HOSTING THE RETREAT, GIVING FACULTY A CHANCE TO VISIT OTHER CAMPUSES AND DEVELOP CROSS-CAMPUS RELATIONSHIPS, STIMULATING COLLABORATIONS. THE GOAL OF THE RETREAT EACH YEAR IS TO BRING GREAT MINDS TOGETHER ACROSS VCOM'S GEOGRAPHIC REACH, INSPIRE INNOVATIVE RESEARCH VENTURES AND LAY THE GROUNDWORK TO SUPPORT AND SUSTAIN CROSS-CAMPUS PARTNERSHIPS.

  Expenses $8,084,044 · Revenue $3,335,039

• OUTREACH:A KEY PART OF VCOM'S PURPOSE AND MISSION IS ENSURING THAT ITS STUDENTS ARE GLOBALLY MINDED AND COMMUNITY-FOCUSED. VCOM'S GOAL OF SERVING THE MEDICALLY UNDERSERVED DRAWS STUDENTS FROM ALL ACROSS THE UNITED STATES, AND THEY ARE COMMITTED TO BECOMING PHYSICIANS WHO SERVE THOSE MOST IN NEED. THIS COMMITTMENT IS MOST VISIBLE IN VCOM'S ONGOING OUTREACH EFFORTS, BOTH IN THE APPALACHIAN AND DELTA REGIONS, AS WELL AS INTERNATIONALLY. THESE PROGRAMS ADDRESS HEALTHCARE DISPARITIES TIED TO GEOGRAPHY, SOCIOECONOMIC STATUS, AND ACCESS TO PRIMARY CARE. OUTREACH ACTIVITIES EMPHASIZE PREVENTIVE MEDICINE, COMMUNITY ENGAGEMENT, AND GLOBAL RESEARCH AND CULTURALLY RESPONSIVE CARE. VCOM SUPPORTS THESE EFFORTS THROUGH ONGOING INVESTMENTS IN COMMUNITY PARTNERSHIPS, CLINICAL OUTREACH, SERVICE-LEARNING OPPORTUNITIES, AND INFRASTRUCTURE THAT ENHANCE THE REACH AND IMPACT OF STUDENT INVOLVEMENT. FROM THE BEGINNING OF THEIR MEDICAL EDUCATION, STUDENTS PARTICIPATE IN HEALTH FAIRS, FREE CLINICS, SCREENING EVENTS, PREVENTION EDUCATION, AND MINI-MEDICAL SCHOOL SESSIONS, ALL OF WHICH ARE SUPERVISED BY EXPERIENCED FACULTY AND ALIGNED WITH CORE LEARNING OBJECTIVES.THESE EXPERIENCES ALLOW VCOM FACULTY AND STUDENTS TO TREAT PATIENTS AND SHOW STUDENTS HOW THEIR EFFORTS CAN IMPROVE THE OVERALL HEALTH OF RURAL AND UNDERSERVED POPULATIONS. MEDICAL OUTREACH EXPERIENCES ARE A KEY COMPONENT IN EDUCATING STUDENTS TO MEET HEALTHCARE NEEDS IN CHALLENGING ENVIRONMENTS. REGIONAL OUTREACH PROGRAMSACROSS ALL FOUR CAMPUSES, VCOM STUDENTS PARTICIPATE IN A RANGE OF SERVICE ACTIVITIES INCLUDING FOOD AND SUPPLY DRIVES, HEALTH SCREENINGS, AND PUBLIC HEALTH EDUCATION EVENTS. THESE INITIATIVES SUPPORT COMMUNITY NEEDS AND PROVIDE STUDENTS WITH VALUABLE CLINICAL LEARNING.THE FOLLOWING ACTIVITIES REPRESENT ONLY A FRACTION OF THE OUTREACH ACTIVITIES THAT WERE HELD IN THE LAST YEAR, WITH EACH CAMPUS HAVING A VARIETY OF EVENTS UNIQUE TO THEIR COMMUNITY. PLEASE REVIEW OUR ANNUAL REPORT FOR A MORE COMPREHENSIVE PICTURE OF LOCAL OUTREACH ENGAGEMENTS.MINI-MED SCHOOLS: MINI-MEDICAL SCHOOLS ALLOW RURAL HIGH SCHOOL STUDENTS TO LEARN ABOUT THE PATHS OUR STUDENTS TAKE TO VCOM AND HELP THE YOUNGER STUDENTS IMAGINE THEIR OWN FUTURES IN HEALTHCARE. THESE EVENTS ARE A KEY PART OF VCOM'S COMMITMENT TO RECRUITING AND TRAINING THE NEXT GENERATION OF PHYSICIANS. THE EVENTS BENEFIT VCOM STUDENTS AS WELL. AS PART OF THEIR APPALACHIAN OUTREACH AND INTERPROFESSIONAL EARLY CLINICAL EXPERIENCES (IECE) TRAINING, VCOM STUDENTS ASSIST FACULTY IN CONDUCTING THE MINI MED-SCHOOL PROGRAM 14 FRIDAYS A YEAR. HIGH SCHOOL STUDENTS ROTATE THROUGH SIX STATIONS, EACH STAFFED BY VCOM STUDENTS AND DEDICATED TO A COMMON HEALTH PROBLEM. THE PROGRAM IS DESIGNED TO ENCOURAGE HIGH SCHOOL STUDENTS TO CONSIDER HEALTHCARE AS A POTENTIAL CAREER OPTION.SUMMER ENRICHMENT EXPERIENCE (SEE): EACH SUMMER, VCOM-CAROLINAS AND VCOM-VIRIGNIA HOST SUMMER CAMPS FOR HIGH SCHOOL STUDENTS FROM RURAL AREAS AND AT-RISK POPULATIONS. THE SEE PROGRAM IS OFFERED TO RISING SOPHOMORES, JUNIORS AND SENIORS AND PROVIDES THEM WITH AN INTRODUCTION TO HUMAN ANATOMY AND MEDICAL SCIENCE. DESIGNED TO ENCOURAGE STUDENTS TO PURSUE CAREERS IN SCIENCE AND MEDICINE, THE SEE PROGRAMS ALSO GIVES THEM AN APPRECIATION OF THE FUNDAMENTALS OF A HEALTHY LIFESTYLE.STEM OPPORTUNITIES FOR YOUTH: SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) ARE ESSENTIAL IN THE WORLD OF TODAY AND TOMORROW. TO PROMOTE INTEREST IN HEALTHCARE CAREERS AND SHARE THEIR EXPERIENCES WITH STUDENTS FROM RURAL AND UNDERSERVED AREAS, VCOM STUDENTS AND FACULTY PROVIDE A NUMBER OF STEM PROGRAMS TO LOCAL SCHOOLS.INTERNATIONAL OUTREACH PROGRAM:VCOM OFFERS ONE OF THE NATION'S MOST COMPREHENSIVE GLOBAL HEALTH PROGRAMS AMONG MEDICAL SCHOOLS. EACH YEAR, VCOM FACILITATES 12 WEEKLONG INTERNATIONAL MEDICAL OUTREACH TRIPS FOR SECOND-YEAR STUDENTS AND FACULTY PHYSICIANS, WHILE THIRD- AND FOURTH-YEAR STUDENTS HAVE THE OPPORTUNITY TO COMPLETE CLINICAL ROTATIONS AT INTERNATIONAL SITES.VCOM MAINTAINS THREE YEAR-ROUND MEDICAL CLINICS AND HOSPITAL AFFILIATIONS IN THE DOMINICAN REPUBLIC AND HONDURAS. THESE CLINICS, SUPPORTED THROUGH PARTNERSHIPS WITH THE APPALACHIAN SCHOOL OF PHARMACY, BLUEFIELD UNIVERSITY'S NURSING PROGRAM, AND OTHER EDUCATIONAL INSTITUTIONS, PROVIDE STUDENTS, FACULTY, AND ALUMNI WITH HANDS-ON EXPERIENCE IN SUSTAINABLE PUBLIC AND COMMUNITY HEALTH. IN ADDITION, VCOM'S INTERNATIONAL RESEARCH INITIATIVES OFFER APPLIED RESEARCH OPPORTUNITIES THAT FOCUS ON DISEASE PREVENTION AND IMPROVING HEALTHCARE DELIVERY IN UNDERSERVED POPULATIONS.IN ADDITION, VCOM HAS A PARTNERSHIP WITH THE USNS COMFORT, A UNITED STATES MEDICAL SHIP THAT TRAVELS THE WORLD TO PROVIDE CARE. THIS ENABLES FACULTY AND HEALTH PROFESSIONAL SCHOLARSHIP PROGRAM (HPSP) STUDENTS TO PARTICIPATE IN WEEKLONG TRIPS ON THE SHIP. VCOM CLINIC PHYSICIANS AND IN-COUNTRY MEDICAL PROVIDERS ASSIST WITH MEDICAL OUTREACH IN THE COUNTRIES WHEN THEY ARE ON SHORE. UP TO FOUR PHYSICIANS AND EIGHT VCOM THIRD- AND FOURTH-YEAR HPSP STUDENTS PER TRIP LIVE ON THE COMFORT AND PARTICIPATE WITH US MILITARY AND IN-COUNTRY MEDICAL PROVIDERS ON TRIPS TO BOTH HONDURAS AND THE DOMINICAN REPUBLIC.THE VCOM INTERNATIONAL PROGRAM CONTINUES TO GROW, WITH HIGH STUDENT INTEREST, ONGOING CURRICULUM DEVELOPMENT, AND EXPANDING RESEARCH AND SERVICE OPPORTUNITIES. THESE EXPERIENCES PREPARE STUDENTS TO BECOME GLOBALLY MINDED PHYSICIANS DEDICATED TO SERVING VULNERABLE POPULATIONS AROUND THE WORLD.PLEASE VISIT THE EDWARD VIA COLLEGE OF OSTEOPATHIC MEDICINE (VCOM) WEBSITE AT - WWW.VCOM.EDUFOR A MORE COMPREHENSIVE LOOK AT ALL OF OUR LATEST EDUCATIONAL, RESEARCH AND OUTREACH INITIATIVES THROUGH WHICH VCOM IS CHANGING THE WORLD, PLEASE SEE OUR LATEST ANNUAL REPORT AT: WWW.VCOM.EDU/NEWS-AND-EVENTS/PUBLICATIONS/ANNUAL-REPORTS

  Expenses $2,370,582 · Grants $277,254 · Revenue $233,094

• Expenses $12,664,414 · Revenue $5,987,982

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• HARVEY W PETERS RESEARCH FOUNDATION

  501 (C) (3) · MANAGEMENT · SD

• HARVEY W PETERS (VIRGINIA) HOLDING CORP

  501 (C) (2) · MANAGEMENT · VA

  Directly controlled by SEE ATTACHED

• VC MEDICAL ENDOWMENT TRUST

  501 (C) (3) · MANAGEMENT · SD

• BLUEFIELD UNIVERSITY

  501 (C) (3) · SCHOOL · VA

  Directly controlled by SEE ATTACHED

• APPALACHIAN COLLEGE OF PHARMACY

  501 (C) (3) · SCHOOL · VA

  Directly controlled by SEE ATTACHED

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

16 February 2026

IRS schema version

2024v5.5

Source object

202620479349301347

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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