EIN 25-1698677

Lake Erie College of Osteopathic Medicine (LECOM)

IRS 501(c) type
501(c)(3)
Num. employees
883
City
Year formed
1993
Most recent tax filings
2023-06-01
Description
To prepare students to become osteopathic physicians, pharmacy practitioners, and dentists through programs of excellence in education, research, clinical care, and community service to enhance the quality of life through improved health for all human...
Total revenues
$201,532,502
2023
Total expenses
$121,233,796
2023
Total assets
$961,815,012
2023
Num. employees
883
2023

Program areas at LECOM

Lecom is one of the 34 colleges of Osteopathic Medicine. In 1992, the Lake Erie College of Osteopathic Medicine received pre-accreditation status from the american Osteopathic association. After further preparation, lecom achieved a charter from the commonwealth of Pennsylvania and full accreditation status with the american council on pharmaceutical education. It is one of over 140 pharmacy schools in the united states. Lecom has full accreditation status with the american dental association's commission on dental accreditation. It is one of 66 dental schools in the united states. The goal of Lake Erie College of Osteopathic Medicine is to educate qualified students to become Osteopathic physicians imbued with the philosophical principles of Osteopathic Medicine. It is the stated purpose of the College to educate and develop family physicians in the Osteopathic tradition. At the same time, it proposes to provide its students with firm academic background so that those who wish may advance further into the Osteopathic specialties or academic careers, particularly for and with Osteopathic colleges. The goal of the school of pharmacy and school of dental Medicine is to prepare pharmacy and dental professionals who are committed to provide high-quality, ethical, and empathetic patient-centered care to serve the needs of a diverse population.three academic doctoral degrees are currently conferred at lecom. The doctor of osteopathy (do), the doctor of pharmacy, and the doctor of dental Medicine are awarded to graduates who have satisfactorily fulfilled the requirements for graduation. The first medical classes began on august 9, 1993 and 61 students enrolled. The College began a school of pharmacy in the fall of 2002. First classes for the school of dental Medicine began in august, 2012. For the fiscal year ended june 30, 2023, there were over 4,300 medical, pharmacy, dental, post-baccalaureate, and masters students enrolled. The College has three campuses: Erie, Pennsylvania, greensburg, Pennsylvania, and bradenton, Florida.

Who funds Lake Erie College of Osteopathic Medicine (LECOM)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Erie Community FoundationVarious Projects$111,692
PGA TourGeneral Support$75,000
Orris C&B Dewey Hirtzel Memorial FundGeneral Operating$42,000
...and 5 more grants received

Personnel at LECOM

NameTitleCompensation
John M FerrettiPresident and Chief Executive Officer$1,331,566
Steve InmanChief Financial Officer
Richard TerryAssociate Dean of Academic Affairs , Lecom at Elmira / Regional Dean , Chief Academic Officer / Employee$339,420
Steven G InmanVice President Fiscal Affairs and Chief Financial Officer$332,130
Hershey BellVice President Academic Affairs and Dean$261,670
...and 6 more key personnel

Financials for LECOM

RevenuesFYE 06/2023
Total grants, contributions, etc.$17,406,676
Program services$158,408,916
Investment income and dividends$16,061,556
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$289,404
Net gain from sale of non-inventory assets$2,255,786
Net income from fundraising events$-85,615
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,195,779
Total revenues$201,532,502

Form 990s for LECOM

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-12990View PDF
2021-062022-05-12990View PDF
2020-062021-05-20990View PDF
2019-062020-10-15990View PDF
...and 9 more Form 990s

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Fairfield UniversityFairfield, CT$424,528,036
New York Medical College (NYMC)Valhalla, NY$117,885,144
Gettysburg CollegeGettysburg, PA$221,825,443
Otterbein UniversityWesterville, OH$106,461,271
Vanguard University of Southern CaliforniaCosta Mesa, CA$94,808,954
York College of PennsylvaniaYork, PA$140,611,228
Florida Southern College (FSC)Lakeland, FL$164,767,465
Data update history
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 23, 2024
Received grants
Identified 1 new grant, including a grant for $7,500 from Pennsylvania Automotive Association Foundation (PAAF)
July 13, 2024
Used new vendors
Identified 2 new vendors, including , and
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $7,500 from The WM M and A Cafaro Family Foundation
December 31, 2023
Received grants
Identified 7 new grant, including a grant for $111,692 from Erie Community Foundation
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
LobbyingFundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsAuction fundraisersTax deductible donationsAccepts online donations
General information
Address
5515 Peach St
Erie, PA 16509
Metro area
Erie, PA
County
Erie County, PA
Website URL
lecom.edu/ 
Phone
(814) 866-6641
Facebook page
1LECOM 
Twitter profile
@1lecom 
IRS details
EIN
25-1698677
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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