Nonprofit · EIN 25-1698677
LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC
Tax-exempt · ERIE, PA 16509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $230,492,050 | $134,394,858 | $96,097,192 | $1,180,027,575 | $121,756,943 | $1,058,270,632 |
| June 30, 2024 | 990 | $222,063,231 | $126,590,457 | $95,472,774 | $1,082,321,963 | $118,635,674 | $963,686,289 |
| June 30, 2023 | 990 | $201,532,502 | $121,233,796 | $80,298,706 | $961,815,012 | $118,619,565 | $843,195,447 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,038,563
- of which government grants
- $14,198,244
- Program service revenue
- $175,192,621
- Investment income
- $30,349,590
- Net rental income
- $556,911
- Net gain from sales of assets
- $7,145,977
- Net income from fundraising events
- -$110,536
- Other revenue
- $7,911,276
Expenses
- Grants and similar amounts paid
- $4,239,745
- Compensation of officers, directors and key employees
- $3,821,692
- Other salaries and wages
- $43,502,748
- Salaries, compensation and benefits (total)
- $59,765,779
- Professional fundraising fees
- $0
- Legal fees
- $135,605
- Accounting fees
- $147,563
- Occupancy
- $7,288,024
- Travel
- $1,104,093
- Depreciation
- $10,528,749
- Program services (functional)
- $105,235,168
- Management and general (functional)
- $29,159,690
Balance sheet and other
- Total assets, start of year
- $1,082,321,963
- Total assets, end of year
- $1,180,027,575
- Total liabilities, end of year
- $121,756,943
- Net assets, end of year
- $1,058,270,632
- Land, buildings and equipment
- $146,143,957
- Publicly traded securities
- $842,600,698
- Net assets without donor restrictions
- $1,052,952,999
- Net assets with donor restrictions
- $5,317,633
- Gross unrelated business income
- $1,029,158
- Gross receipts
- $231,190,368
- Employees
- 1,056
- Volunteers
- 5
- Year formed
- 1993
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SILVIA M FERRETTI DO | PROVOST/VP OF ACADEMICS Officer | 73 | $1,727,650 | $0 | $39,266 |
| JOHN M FERRETTI DO | PRESIDENT/CEO Trustee or director, Officer | 56 | $1,570,358 | $0 | $39,125 |
| MARY L ECKERT | SECRETARY Trustee or director, Officer | 4 | $0 | $690,230 | $33,308 |
| JAMES Y LIN DO | TRUSTEE Trustee or director | 1 | $0 | $642,911 | $54,879 |
| RICHARD TERRY DO | ASSOCIATE DEAN OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $413,453 | $0 | $49,032 |
| STEVEN G INMAN CPA CGMA | VP FISCAL AFFAIRS/CFO Officer | 28 | $406,338 | $0 | $38,955 |
| MICHAEL ROWANE DO | ASSOCIATE DEAN OF CLINICAL EDUCATION Highest-paid employee | 40 | $380,038 | $0 | $45,728 |
| MARK KAUFFMAN DO | ASSOCIATE DEAN OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $362,875 | $0 | $34,137 |
| RICHARD E FERRETTI ESQ | DIRECTOR OF RISK MANAGEMENT AND CORPORATE COMPLIAN Highest-paid employee | 40 | $347,604 | $0 | $45,344 |
| MATTHEW BATEMAN PHD | ASSISTANT PROVOST OF INSTITUTIONAL EFFECTIVENESS Highest-paid employee | 40 | $338,253 | $0 | $41,432 |
| DENNIS M STYN | TRUSTEE Trustee or director | 5 | $0 | $303,074 | $47,505 |
| THOMAS J WEDZIK | TRUSTEE Trustee or director | 1 | $31,000 | $0 | $0 |
| MARLENE D MOSCO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOAN L MOORE DO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NANCY PEADEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUZANNE K KELLEY DO | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SILVIA M FERRETTI DO | PROVOST/VP OF ACADEMICS Officer | 73 | $1,648,129 | $0 | $38,771 |
| JOHN M FERRETTI DO | PRESIDENT/CEO Trustee or director, Officer | 56 | $1,472,076 | $0 | $38,739 |
| JAMES Y LIN DO | TRUSTEE Trustee or director | 1 | $0 | $711,555 | $49,733 |
| MARY L ECKERT | SECRETARY Trustee or director, Officer | 4 | $12,045 | $688,251 | $29,094 |
| STEVEN G INMAN CPA CGMA | VP FISCAL AFFAIRS/CFO Officer | 28 | $381,899 | $0 | $38,506 |
| RICHARD TERRY DO | ASSOCIATE DEAN OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $374,330 | $0 | $45,063 |
| MICHAEL ROWANE DO | ASSOCIATE DEAN OF CLINICAL EDUCATION Highest-paid employee | 40 | $366,748 | $0 | $44,978 |
| MARK KAUFFMAN DO | ASSOCIATE DEAN OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $350,612 | $0 | $33,459 |
| MATTHEW BATEMAN PHD | ASSISTANT PROVOST OF INSTITUTIONAL EFFECTIVENESS Highest-paid employee | 40 | $326,749 | $0 | $40,871 |
| JOSEPH COPPOLA DO | PHYSICIAN Highest-paid employee | 40 | $319,546 | $0 | $44,493 |
| DENNIS M STYN | TRUSTEE Trustee or director | 5 | $0 | $317,615 | $40,300 |
| THOMAS J WEDZIK | TRUSTEE Trustee or director | 1 | $31,000 | $0 | $0 |
| MARLENE D MOSCO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOAN L MOORE DO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NANCY PEADEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SUZANNE K KELLEY DO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SILVIA M FERRETTI DO | PROVOST/VP OF ACADEMICS Officer | 73 | $1,530,100 | $0 | $30,818 |
| JOHN M FERRETTI DO | PRESIDENT/CEO Trustee or director, Officer | 56 | $1,331,566 | $0 | $30,818 |
| MARY L ECKERT | SECRETARY Trustee or director, Officer | 4 | $12,045 | $673,942 | $27,033 |
| JAMES Y LIN DO | TRUSTEE Trustee or director | 1 | $0 | $506,484 | $43,404 |
| MICHAEL ROWANE DO | PROFESSOR Highest-paid employee | 40 | $354,445 | $0 | $44,232 |
| RICHARD TERRY DO | REGIONAL DEAN, CHIEF ACADE Highest-paid employee | 40 | $339,420 | $0 | $44,232 |
| MARK KAUFFMAN DO | ASSOCIATE DEAN OF ACADEMIC Highest-paid employee | 40 | $338,034 | $0 | $30,617 |
| STEVEN G INMAN CPA CGMA | VP FISCAL AFFAIRS/CFO Officer | 28 | $332,130 | $0 | $30,376 |
| MATTHEW BATEMAN PHD | DEAN - SCHOOL OF DENTAL ME Highest-paid employee | 40 | $321,518 | $0 | $39,383 |
| DENNIS M STYN | TRUSTEE Trustee or director | 5 | $0 | $307,325 | $42,568 |
| RICHARD FERRETTI | DIRECTOR OF RISK MANAGEMENT Highest-paid employee | 40 | $299,054 | $0 | $36,966 |
| RICHARD P OLINGER | TREASURER Trustee or director, Officer | 28 | $5,586 | $101,143 | $17,511 |
| THOMAS J WEDZIK | TRUSTEE Trustee or director | 1 | $22,750 | $0 | $0 |
| MARLENE D MOSCO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOAN L MOORE DO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NANCY PEADEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SUZANNE K KELLEY DO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GERALD P ALONGE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1858 W GRANDVIEW BLVD, ERIE, PA 16509-1025
- Principal officer (990 for 2024)
- JOHN M FERRETTI DO, 5515 PEACH STREET, ERIE, PA 16509
- Signed the 990
- STEVEN G INMAN CPA CGMA, VP FISCAL AFFAIRS/CFO
- Phone
- (814) 866-6641
- Website
- WWW.LECOM.EDU
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE MISSION OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) IS TO PREPARE STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS, PHARMACY PRACTITIONERS AND DENTISTS THROUGH PROGRAMS OF EXCELLENCE IN EDUCATION, RESEARCH, CLINICAL CARE, AND COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE THROUGH IMPROVED HEALTH FOR ALL HUMANITY.
Program accomplishments
- LECOM IS ONE OF THE 45 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. LECOM ALSO HAS FULL ACCREDITATION STATUS WITH THE AMERICAN COUNCIL OF 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 70 DENTAL SCHOOLS IN THE UNITED STATES. THE SCHOOL OF PODIATRIC MEDICINE HAS ACCREDITATION STATUS FROM THE COUNCIL ON PODIATRIC MEDICAL EDUCATION (CPME). IT IS ONE OF 11 PODIATRIC MEDICAL 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, 2025, THERE WERE 4,300 MEDICAL, PHARMACY, DENTAL, POST-BACCALAUREATE, AND MASTERS STUDENTS ENROLLED. THE COLLEGE HAS FOUR CAMPUSES: ERIE, PENNSYLVANIA, GREENSBURG, PENNSYLVANIA, BRADENTON, FLORIDA AND ELMIRA, NEW YORK.Expenses $105,235,168 · grants $4,239,745 · revenue $181,628,364
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1698677
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $1,180,027,575
- Income (IRS master file)
- $231,190,368
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $230,492,050 | $134,394,858 | $1,180,027,575 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $222,063,231 | $126,590,457 | $1,082,321,963 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $201,532,502 | $121,233,796 | $961,815,012 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $201,771,210 | $105,952,678 | $806,863,470 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1698677).
Questions about LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC
- What is the EIN of LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC?
- The employer identification number (EIN) of LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC is 25-1698677.
- Is LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC?
- The 990 for the year ended June 30, 2025 names JOHN M FERRETTI DO.
- Who are the officers and directors of LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 9 received compensation from the organization, the highest $1,727,650 (SILVIA M FERRETTI DO, PROVOST/VP OF ACADEMICS).
- How much revenue does LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $230,492,050, expenses of $134,394,858 and total assets of $1,180,027,575 at year end.
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