2025-06-09T14:47:46-05:00 2024-09-30 930743240 HOFFMAN STEWART & SCHMIDT PC 3 CENTERPOINTE DRIVE SUITE 300 LAKE OSWEGO OR 970358663 990 2023-10-01 930845182 OREGON COLLEGE OF ORIENTAL MEDICINE OREG 5032533443 75 NW COUCH STREET PORTLAND OR 97209 PHILIP LUNDBERG PRESIDENT 5032533443 2025-05-30 1 1 IAN GELFAND P01709286 5032205900 2023 2025-03-06 01:10:19Z PHILIP LUNDBERG 75 NW COUCH STREET PORTLAND OR 97209 3546954 0 X WWW.OCOM.EDU X 1983 OR TO TRANSFORM HEALTHCARE BY EDUCATING HIGHLY SKILLED AND COMPASSIONATE PRACTITIONERS, PROVIDING EXEMPLARY PATIENT CARE, AND ENGAGING IN INNOVATIVE RESEARCH WITHIN A COMMUNITY OF SERVICE AND HEALING. 7 7 168 0 0 0 243739 171967 3977662 3150615 0 0 173051 121274 4394452 3443856 0 0 0 0 3269782 2810081 0 0 0 2114696 1704731 5384478 4514812 -990026 -1070956 6364815 3326316 8437958 7079356 -2073143 -3753040 X TO TRANSFORM HEALTHCARE BY EDUCATING HIGHLY SKILLED AND COMPASSIONATE PRACTITIONERS, PROVIDING EXEMPLARY PATIENT CARE, AND ENGAGING IN INNOVATIVE RESEARCH WITHIN A COMMUNITY OF SERVICE AND HEALING. 0 1 2965897 3150615 GRADUATE MEDICAL EDUCATION OFFERING MASTER'S AND DOCTORAL DEGREES INACUPUNCTURE, CHINESE HERBS, BODYWORK, AND INTEGRATIVE MEDICINE. CAMPUSAND COMMUNITY CLINICS OFFER PATIENTS ACCESS TO AFFORDABLE HEALTH CAREAS SAFETY NET SERVICES. RETAIL PRODUCTS AND HERBS ARE AVAILABLE IN OURBOOKSTORE AND MEDICINARY. OCOM LIBRARY COLLECTIONS AND CLINICS SUPPORTRESEARCH AND CRITICAL INQUIRY IN COLLABORATION WITH OTHER MAJOR MEDICALINSTITUTIONS. OCOM HAS GRADUATED MORE THAN 1700 STUDENTS AND CURRENTLYHAS ALUMNI PRACTICING IN 50 STATES, AS WELL AS SEVEN OTHER COUNTRIES.OCOM GRADUATES HAVE PERFORMED AN ESTIMATED 10 MILLION ACUPUNCTURE ANDCHINESE MEDICINE TREATMENTS. 2965897 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 24 0 1 168 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X PHILIP LUNDBERG 5032533443 75 NW COUCH ST PORTLAND OR 972094018 MELISSA GEYER TRUSTEE 1.00 X 0 0 0 MICHELL M HAY TREASURER 1.00 X X 0 0 0 GENE HONG MD TRUSTEE 1.00 X 0 0 0 TRAVIS KERN CHAIR 1.00 X X 0 0 0 BRAD BEAVERS TRUSTEE 1.00 X 0 0 0 LAURA BUEERMANN TRUSTEE 1.00 X 0 0 0 MARGO MCGEHEE-KELLY TRUSTEE 1.00 X 0 0 0 PHILIP H LUNDBERG PRESIDENT 40.00 X 212644 0 1613 AMBER APPLETON VICE PRESIDENT 40.00 X 101237 0 34433 VALERIE HOBBS PROGRAM DIRECTOR 40.00 X 120520 0 3445 434401 0 39491 3 0 1 0 0 55233 116734 171967 TUITION AND FEES 611600 2940991 2940991 CLINIC FEES 621400 209624 209624 3150615 186504 103098 83406 83406 MISCELLANEOUS 900099 37868 37868 37868 3443856 3271889 0 0 X 508700 98099 410601 1912436 1487824 424612 22488 22488 109464 91267 18197 256993 168825 88168 554994 364590 190404 41615 27338 14277 117598 77253 40345 89776 58976 30800 307927 202285 105642 2264 1487 777 24753 16261 8492 371864 244287 127577 57947 38067 19880 REPAIR & MAINTENANCE 127889 84014 43875 MISCELLANEOUS 2907 1910 997 DUES & SUBSCRIPTIONS 2700 1774 926 TRAINING & DEVELOPMENT 2497 1640 857 4514812 2965897 1548915 0 1073174 304204 1580491 451874 309878 259391 30855 0 67243 0 68428 0 2310847 0 2629586 2310847 605160 0 6364815 3326316 273450 26252 664883 0 7380532 6970854 119093 82250 8437958 7079356 X -2121961 -3753040 48818 0 -2073143 -3753040 6364815 3326316 X -1070956 -608941 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2200000 2200000 110847 110847 2310847 ACCRUED VACATION PAYABLE 82250 82250 X PART X, LINE 2: THE OREGON COLLEGE OF ORIENTAL MEDICINE HAS NO UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY IS PUBLISHED IN THE SCHOOL CATALOG AND ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID AND ASSISTANCE FROM FEDERAL EDUCATION STUDENT FINANCIAL ASSISTANCE PROGRAMS. 1 X 0 0 0 0 0 0 0 0 0 PHILIP H LUNDBERG PRESIDENT 212644 0 0 0 0 0 0 0 1613 0 214257 0 0 0 FORM 990, PART III, LINE 3 EFFECTIVE AUGUST 31, 2024, ALL DEGREE PROGRAMS HAVE BEEN TERMINATED. THE COLLEGE WILL COMPLETE PLANS OF LIQUIDATION AND AFTER COMPLETION, THE COLLEGE WILL CLOSE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE APPROVED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY AND WHEN CHANGES IN POTENTIAL CONFLICTS OF INTEREST OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES THE PRESIDENT'S PAY BASED ON PERFORMANCE AND COMPARABLE MARKET SALARIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 364,590. MANAGEMENT AND GENERAL EXPENSES 190,404. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 554,994. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -240,613. LOSS ON IMPAIRMENT OF ASSET CHANGE IN ESTIMATED NET REALIZABLE VALUES -368,328. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GLOBE HOTEL LLC 75 NW COUCH ST PORTLAND OR 97209 263750501 OWNS CAMPUS BUILDING OR 2200000 OREGON COLLEGE OF ORIENTAL MEDICINE