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Lake Erie College Of Osteopathic Medicine

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251698677 ✦ Erie, PA ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Silvia M Ferretti Do (Provost/Vp Of Academics)
  • Compensation: $1,381,070
  • Related: $0
  • Other: $29,114

    • John M Ferretti Do (President/Ceo) [Trustee/Director]
  • Compensation: $1,113,801
  • Related: $0
  • Other: $29,239

    • Mary L Eckert (Secretary) [Trustee/Director]
  • Compensation: $12,045
  • Related: $652,183
  • Other: $24,263

    • James Y Lin Do (Trustee)
  • Compensation: $0
  • Related: $471,933
  • Other: $40,440

    • Michael Rowane Do (Professor)
  • Compensation: $341,900
  • Related: $0
  • Other: $40,564

    • Richard Terry Do (Regional Dean, Chief Acade)
  • Compensation: $327,121
  • Related: $0
  • Other: $40,558

    • Mark Kauffman Do (Associate Dean Of Academic)
  • Compensation: $325,842
  • Related: $0
  • Other: $29,200

    • Richard P Olinger (Treasurer) [Trustee/Director]
  • Compensation: $12,045
  • Related: $304,916
  • Other: $34,354

    • Matthew Bateman Phd (Dean - School Of Dental Me)
  • Compensation: $315,723
  • Related: $0
  • Other: $34,101

    • Dennis M Styn (Trustee)
  • Compensation: $0
  • Related: $300,289
  • Other: $40,723

    • Steven G Inman Cpa Cgma (Vp Fiscal Affairs/Cfo)
  • Compensation: $285,044
  • Related: $0
  • Other: $29,818

    • Hershey Bell Md (Vp Academic Affairs & Dean)
  • Compensation: $261,670
  • Related: $0
  • Other: $22,091

    • Jan Hendryx Do (Physician)
  • Compensation: $250,996
  • Related: $0
  • Other: $27,147

    • Marlene D Mosco (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan L Moore Do (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Peaden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Wedzik (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne K Kelley Do (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerald P Alonge (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lecom.edu

    Where can I find the form 990 for Lake Erie College Of Osteopathic Medicine?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Lake Erie College of Osteopathic Medicine (LECOM) has a significant impact on the healthcare industry by preparing students to become osteopathic physicians, pharmacy practitioners, and dentists. Through programs of excellence in education, research, clinical care, and community services, LECOM aims to enhance the quality of life through improved health for all humanity.

    LECOM is one of the 34 colleges of osteopathic medicine in the United States. It offers full accreditation status in pharmacy education and dental medicine, making it one of over 140 pharmacy schools and 66 dental schools in the country, respectively. The college aims to educate and develop family physicians in the osteopathic tradition while providing a solid academic background for students to pursue various osteopathic specialties or academic careers.

    With over 4,300 students enrolled in various medical, pharmacy, dental, post-baccalaureate, and master's programs across its campuses in Erie and Greensburg, Pennsylvania, and Bradenton, Florida, LECOM contributes significantly to the healthcare workforce. By awarding doctoral degrees in osteopathy, pharmacy, and dental medicine, LECOM plays a crucial role in producing healthcare professionals committed to providing high-quality, ethical, and empathetic patient-centered care to diverse populations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    John M Ferretti Do

    Main Address

    5515 PEACH STREET, ERIE, PA, 16509

    NTEE Category

    Code: B42 - Education

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