Overview
What is Lake Erie College Of Osteopathic Medicine?
Lake Erie College of Osteopathic Medicine (LECOM) is a renowned nonprofit institution located in Erie, Pennsylvania, with additional campuses in Greensburg, Pennsylvania, and Bradenton, Florida. Established in 1993, LECOM is dedicated to educating students to become competent osteopathic physicians, pharmacy practitioners, and dentists. The college's mission encompasses programs of excellence in education, research, clinical care, and community services, with a commitment to enhancing the quality of life through improved health for all humanity. LECOM offers three academic doctoral degrees: Doctor of Osteopathy (DO), Doctor of Pharmacy, and Doctor of Dental Medicine. These degrees are awarded to students who have successfully met the requirements for graduation. The college has a rich history, with the first medical classes starting in 1993, the School of Pharmacy launching in 2002, and the School of Dental Medicine commencing in 2012. In the fiscal year ended June 30, 2022, over 4,300 medical, pharmacy, dental, post-baccalaureate, and masters students were enrolled. The institution is deeply committed to providing high-quality, ethical, and empathetic patient-centered care to serve the needs of a diverse population. Leveraging its three campuses, LECOM aims to make a significant impact on healthcare, fostering the growth of future healthcare professionals imbued with the philosophical principles of osteopathic medicine.
Official website here: www.lecom.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Lake Erie College of Osteopathic Medicine (LECOM) has received an 88% score from Charity Navigator, reflecting a solid level of accountability and financial health. The organization has robust practices in areas such as financial oversight, conflict of interest policies, and document retention, indicating a commitment to transparency. However, it notably lacks independent board members, which could raise concerns about governance.
User reviews present a stark contrast, with significant negative feedback regarding the institution's management and treatment of students. Several former students and members of the public have criticized LECOM for its perceived focus on profit, suggesting a lack of investment in student resources and support. Complaints about the quality of education and the professionalism of staff further undermine the nonprofit's credibility.
On the other hand, there are positive perspectives from alumni who appreciate the affordability and growth of the institution over time. This divergence in experiences highlights a complex organizational landscape, suggesting that while LECOM maintains a reasonable rating from watchdog agencies, there are serious concerns regarding its operational practices and the experiences of those directly involved with the school.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Lake Erie College Of Osteopathic Medicine?
78% of 63 reviewers on Facebook recommend the Lake Erie College Of Osteopathic Medicine. Here’s a summary of their reviews:
Many users express a strong appreciation for the quality of medical training offered at the institution, highlighting it as one of the best in the field. The school is praised for its comprehensive curriculum and the support provided by faculty members, which significantly enhances the learning experience for students pursuing a career in medicine.
Overall, those who recommend the college emphasize its effectiveness in preparing them for their future careers, suggesting that the institution lives up to its reputation for delivering exceptional educational services.
This AI summary has been generated from reviews found on Facebook.
Is Lake Erie College Of Osteopathic Medicine legitimate?
Lake Erie College Of Osteopathic Medicine is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Erie College Of Osteopathic Medicine 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: $2,862,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,272,824
For more financial information, click here
Official website here: www.lecom.edu
What is the mission statement of Lake Erie College Of Osteopathic Medicine?
Lake Erie College of Osteopathic Medicine (LECOM) is dedicated to preparing students to become osteopathic physicians, pharmacy practitioners, and dentists through programs of excellence in education, research, clinical care, and community services. Its mission aims to enhance the quality of life for all humanity by educating qualified students imbued with the philosophical principles of osteopathic medicine. The college focuses on developing family physicians in the osteopathic tradition and preparing pharmacy and dental professionals committed to providing high-quality, ethical, and empathetic patient-centered care. LECOM confers three academic doctoral degrees: Doctor of Osteopathy (DO), Doctor of Pharmacy, and Doctor of Dental Medicine. The college has been educating students since 1993, with over 4,300 medical, pharmacy, dental, post-baccalaureate, and masters students enrolled for the fiscal year ended June 30, 2022.
Official website here: www.lecom.edu
Who is the CEO of Lake Erie College Of Osteopathic Medicine?
John M Ferretti Do is the President/Ceo of Lake Erie College Of Osteopathic Medicine. The CEO's salary of Lake Erie College Of Osteopathic Medicine is $1,113,801 and their total compensation is $1,143,040.
Official website here: www.lecom.edu
What is the revenue of Lake Erie College Of Osteopathic Medicine?
Lake Erie College Of Osteopathic Medicine's revenue in 2022 was $201,771,210.
Official website here: www.lecom.edu
Who are the executives of Lake Erie College Of Osteopathic Medicine and what are their salaries?
The average compensation at Lake Erie College Of Osteopathic Medicine during 2022 was $46,770. There are 794 employees and 5 volunteers at Lake Erie College Of Osteopathic Medicine.
Here are 19 key members and their salaries (Lake Erie College Of Osteopathic Medicine's CEO's salary is $1,113,801 and their total compensation is $1,143,040):
- Compensation: $1,113,801
- Related: $0
- Other: $29,239
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $12,045
- Related: $652,183
- Other: $24,263
- Compensation: $12,045
- Related: $304,916
- Other: $34,354
- Compensation: $0
- Related: $300,289
- Other: $40,723
- Compensation: $0
- Related: $471,933
- Other: $40,440
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,381,070
- Related: $0
- Other: $29,114
- Compensation: $285,044
- Related: $0
- Other: $29,818
- Compensation: $261,670
- Related: $0
- Other: $22,091
- Compensation: $327,121
- Related: $0
- Other: $40,558
- Compensation: $325,842
- Related: $0
- Other: $29,200
- Compensation: $341,900
- Related: $0
- Other: $40,564
- Compensation: $250,996
- Related: $0
- Other: $27,147
- Compensation: $315,723
- Related: $0
- Other: $34,101
Official website here: www.lecom.edu
Where can I find the form 990 for Lake Erie College Of Osteopathic Medicine?
Lake Erie College Of Osteopathic Medicine's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lecom.edu
Learn more at the official website: www.lecom.edu
Mission Statement of Lake Erie College Of Osteopathic Medicine
Lake Erie College of Osteopathic Medicine (LECOM) is a renowned institution dedicated to preparing students to become osteopathic physicians, pharmacy practitioners, and dentists. With a mission to enhance the quality of life for all humanity, LECOM delivers programs of excellence in education, research, clinical care, and community services.
LECOM's primary goal is to educate students to become osteopathic physicians rooted in the philosophical principles of osteopathic medicine. The college's objective is to develop family physicians in the osteopathic tradition. In addition, LECOM strives to provide its students with a solid academic background, enabling them to advance further into osteopathic specialties or academic careers.
The School of Pharmacy and School of Dental Medicine at LECOM share the same commitment to prepare professionals who provide high-quality, ethical, and empathetic patient-centered care. LECOM currently confers three academic doctoral degrees: the Doctor of Osteopathy (DO), the Doctor of Pharmacy, and the Doctor of Dental Medicine. These degrees are awarded to graduates who have met the requirements for graduation.
Founded in 1993, LECOM began enrolling its first medical students, and by the fall of 2002, it established a School of Pharmacy. The School of Dental Medicine started accepting students in August, 2012. With a student body of over 4,300 medical, pharmacy, dental, post-baccalaureate, and master's students for the fiscal year ended June 30, 2022, LECOM is dedicated to providing a comprehensive and rigorous education to its students, preparing them to make a positive impact on the healthcare industry and the lives of those they serve.
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Impact
October, 2024
Lake Erie College of Osteopathic Medicine (LECOM) plays a vital role in shaping healthcare professionals who are dedicated to improving health outcomes in diverse communities. With an emphasis on osteopathic principles, LECOM prepares students to become skilled osteopathic physicians, pharmacy practitioners, and dentists, contributing significantly to the healthcare workforce.
Through rigorous educational programs, LECOM fosters a comprehensive understanding of patient-centered care, critical for addressing the complex needs of today’s populations. The institution is notable for its commitment to excellence in education, clinical care, and community service, directly aligning with its mission to enhance the quality of life through improved health for all humanity.
LECOM’s influence extends beyond individual graduates; it enriches local and national communities by addressing healthcare shortages, particularly in underserved areas. The college operates three campuses in Pennsylvania and Florida, providing access to quality education for over 4,300 students in various healthcare disciplines. This educational model not only ensures a steady influx of qualified professionals but also emphasizes the importance of ethical and empathetic patient care, thus setting a standard for the healthcare industry.
In summary, LECOM’s impact is multifaceted, with its successful training of future healthcare providers playing a crucial role in advancing public health and addressing the evolving needs of society.
This information is meant to be a general summary of Lake Erie College Of Osteopathic Medicine. 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: $30,079,381
- Program Service Revenue: $152,526,382
- Gross Receipts: $201,771,210
Assets and Liabilities:
- Total Assets: $806,863,470
- Total Liabilities: $54,332,952
- Net Assets: $752,530,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$151,189,882
APPLICATION FEES
Revenue
$1,336,500
Organization Details
Founding Year
1993
Phone
(814) 866-6641Principal Officer
John M Ferretti Do
Main Address
5515 PEACH STREET, ERIE, PA, 16509
Website
www.lecom.eduNTEE Category
Code: B500 - Education
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