Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $60,800

• 1d · Related organizations

  $585,000

• 1f · All other contributions, gifts and grants

  $4,239,294

• 1g · Noncash contributions included above

  $206,281

• 3 · Investment income

  total $9,327,557 · unrelated business -$1,418,776 · excluded $10,746,333

• 7a · Gross sales of assets other than inventory

  securities $270,097,856

• 7b · Less cost or other basis and sales expenses

  securities $261,703,458

• 7c · Gain or loss

  securities $8,394,398

• 7d · Net gain or loss

  total $8,394,398 · unrelated business $161,396 · excluded $8,233,002

• 8a · Fundraising events: gross income

  $303,835

• 8a · Fundraising events: contributions included on line 1c

  $60,800

• 8b · Fundraising events: direct expenses

  $359,149

• 8c · Net income from fundraising events

  total -$55,314 · excluded -$55,314

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,988,693 · program services $1,988,693

• 2 · Grants to domestic individuals

  total $7,832,538 · program services $7,832,538

• 11e · Fees: professional fundraising services

  total $739,405 · fundraising $739,405

• 11f · Fees: investment management

  total $3,363,876 · management and general $3,363,876

• 11g · Fees: other

  total $145,940 · fundraising $145,940

• 12 · Advertising and promotion

  total $13,118 · program services $605 · fundraising $12,513

• 16 · Occupancy

  total $180,919 · fundraising $180,919

• 17 · Travel

  total $14,920 · program services $13,567 · fundraising $1,353

• 24a · Other expenses: BAD DEBT

  total $223,245 · program services $223,245

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,685,855

• 2 · Savings and temporary cash investments

  end of year $3,801,850

• 3 · Pledges and grants receivable

  beginning of year $749,221 · end of year $1,494,100

• 11 · Investments: publicly traded securities

  beginning of year $102,248,745 · end of year $76,679,309

• 12 · Investments: other securities

  beginning of year $462,045,184 · end of year $527,638,830

• 15 · Other assets

  beginning of year $120,227 · end of year $1,720,827

• 17 · Accounts payable and accrued expenses

  beginning of year $98,578 · end of year $99,628

• 25 · Other liabilities

  beginning of year $759,094 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $526,367,632 · end of year $564,124,514

• 28 · Net assets with donor restrictions

  beginning of year $43,623,928 · end of year $47,110,774

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 ON THE REASONABLENESS OF AND SUPPORTING COMPARABILITY DATA WITH RESPECT TO TOTAL COMPENSATION OF THE PRESIDENT AND OFFICERS. ALL BONUSES ARE MERIT-BASED. THE OFFICERS WERE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE.

Disregarded entities

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

• PCOM FOUNDATION INVESTMENTS LLC

  INVESTMENTS · PA · income $3,410 · assets $7,107,291

  Directly controlled by PCOMF

Related partnerships

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

• PCOM PRIMARY CARE INNOVATION FUND LLC

  EXCLUDED · INVESTMENTS · DE · 100% owned · share of income $7,754 · share of assets $3,851,514

  Directly controlled by PCOMF

• PCOM PRIMARY CARE INNOVATION FUND II LLC

  EXCLUDED · INVESTMENTS · DE · 100% owned · share of income $6,989 · share of assets $10,884,846

  Directly controlled by PCOMF

Related corporations and trusts

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

• AMERICAN OSTEOPATHIC INSURANCE COMPANY

  C · INSURANCE · CJ · controlled entity

  Directly controlled by PCOM