Overview
What is Philadelphia College Of Osteopathic Medicine Foundation?
The Philadelphia College of Osteopathic Medicine Foundation is a nonprofit organization based in Philadelphia, Pennsylvania, with a US address at 4190 City Avenue, 19131. Their primary mission involves conducting fundraising initiatives to support the Philadelphia College of Osteopathic Medicine (PCOM). In addition, they manage PCOM's endowment funds, which are allocated to provide scholarships, awards, and financial assistance for medical students and students in graduate programs, as well as contributing to the organization's operational costs.
Official website here: www.pcom.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Philadelphia College Of Osteopathic Medicine Foundation has received a commendable score of 97%, which signifies a high level of accountability and financial health. This rating is primarily based on their strong governance practices, including a majority of independent board members and well-maintained financial oversight. The organization has demonstrated excellence in areas such as conflict of interest policies, whistleblower protections, and effective financial auditing processes.
Strengths of the foundation include a remarkable program expense ratio of 82.85%, indicating that a significant portion of their funds is directed towards fulfilling their mission. Additionally, they exhibit impressive fundraising efficiency, with costs as low as $0.002 for each dollar raised, and a robust working capital ratio of 50.74 years, reflecting their strong financial planning and sustainability.
While the foundation has shown exemplary performance in various metrics, the evaluation does not highlight any significant limitations or concerns, indicating a well-managed organization that prioritizes transparency and effectiveness in its operations. Overall, the Philadelphia College Of Osteopathic Medicine Foundation stands out as a reliable and responsible nonprofit dedicated to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia College Of Osteopathic Medicine Foundation legitimate?
Philadelphia College Of Osteopathic Medicine Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia College Of Osteopathic Medicine Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pcom.edu
What is the mission statement of Philadelphia College Of Osteopathic Medicine Foundation?
The Philadelphia College of Osteopathic Medicine Foundation plays a crucial role in supporting the academic institution, PCOM. It carries out fundraising activities and manages the endowment funds. These resources are allocated towards providing scholarships, awards, and funding for operating costs for medical and graduate students. The foundation's efforts aim to make education more accessible and affordable for students. By managing these funds, the foundation contributes significantly to the academic pursuits and future of students at PCOM.
Official website here: www.pcom.edu
Who is the CEO of Philadelphia College Of Osteopathic Medicine Foundation?
Peter Doulis is the President & Ceo of Philadelphia College Of Osteopathic Medicine Foundation. The CEO's salary of Philadelphia College Of Osteopathic Medicine Foundation is $0 and their total compensation is $1,163,398.
Official website here: www.pcom.edu
What is the revenue of Philadelphia College Of Osteopathic Medicine Foundation?
Philadelphia College Of Osteopathic Medicine Foundation's revenue in 2022 was $21,603,845.
Official website here: www.pcom.edu
Who are the executives of Philadelphia College Of Osteopathic Medicine Foundation and what are their salaries?
There 16 volunteers at Philadelphia College Of Osteopathic Medicine Foundation.
Here are 25 key members and their salaries (Philadelphia College Of Osteopathic Medicine Foundation's CEO's salary is $0 and their total compensation is $1,163,398):
- Compensation: $0
- Related: $1,107,925
- Other: $55,473
- Compensation: $0
- Related: $724,752
- Other: $60,467
- Compensation: $0
- Related: $248,341
- Other: $58,947
- Compensation: $0
- Related: $163,413
- Other: $53,232
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $531,056
- Other: $72,514
- Compensation: $0
- Related: $385,162
- Other: $62,325
- Compensation: $0
- Related: $348,339
- Other: $58,014
- Compensation: $0
- Related: $237,974
- Other: $38,213
- Compensation: $0
- Related: $87,292
- Other: $33,499
Official website here: www.pcom.edu
Where can I find the form 990 for Philadelphia College Of Osteopathic Medicine Foundation?
Philadelphia College Of Osteopathic Medicine Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcom.edu
Learn more at the official website: www.pcom.edu
Mission Statement of Philadelphia College Of Osteopathic Medicine Foundation
The Philadelphia College of Osteopathic Medicine Foundation plays a pivotal role in supporting Philadelphia College of Osteopathic Medicine (PCOM) through fundraising efforts and the management of its endowment funds. The foundation's primary mission is to raise funds for PCOM and effectively manage its endowment to ensure the continuity and growth of the institution.
These funds are an essential resource for PCOM, as they are allocated towards providing scholarships, awards, and essential operating costs. By granting financial assistance, the foundation enables talented medical and graduate program students to pursue their education, thereby expanding the pool of future healthcare professionals.
The Philadelphia College of Osteopathic Medicine Foundation's commitment to PCOM extends beyond fundraising. Its effective management of the endowment funds has proven to be a vital source of financial stability for the institution. As the foundation continues to build upon its efforts, it will undoubtedly make a significant impact on the future of PCOM and the medical community at large.
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Impact
October, 2024
The Philadelphia College of Osteopathic Medicine Foundation plays a crucial role in enhancing the educational experience of students at PCOM. By conducting fundraising efforts and managing endowment funds, the Foundation helps to ensure that financial barriers do not hinder talented individuals from pursuing careers in medicine and other health-related fields.
The scholarships and awards provided by the Foundation are vital resources that support medical and graduate program students, allowing them to focus on their education and training. These financial contributions not only alleviate the burden of educational expenses but also foster a diverse and skilled healthcare workforce equipped to serve communities effectively. Through its initiatives, the Foundation contributes significantly to the growth and sustainability of PCOM, ultimately impacting the future of healthcare in Philadelphia and beyond.
This information is meant to be a general summary of Philadelphia College Of Osteopathic Medicine Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,961,153
- Gross Receipts: $258,865,551
Assets and Liabilities:
- Total Assets: $537,423,660
- Total Liabilities: $1,539,087
- Net Assets: $535,884,573
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Organization Details
Founding Year
1986
Phone
(215) 871-6900Principal Officer
Peter Doulis
Main Address
4190 CITY AVENUE, PHILADELPHIA, PA, 19131
Website
www.pcom.eduNTEE Category
Code: B110 - Education
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