Ocpm Foundation
- Assets
- $30.6m
- Revenue
- $4.6m
- Investments
- $29.5m
- Employees
- 3
- Location
- Independence, OH
- Founding
- 08/1937
- Data as of
- 06/2021
- EIN
- 34-0726107
Organization Overview
Ocpm Foundation is located in Independence, OH. The organization was established in 1937. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ocpm Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocpm Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ocpm Foundation generated $4.6m in total revenue. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 15.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ocpm Foundation has awarded 65 individual grants totaling $1,717,125. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO COLLEGE OF PODIATRIC MEDICINE FOUNDATION IS ORGANIZED SPECIFICALLY TO PROMOTE AND FOSTER GENERAL PODIATRIC EDUCATION, LEARNING AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PODIATRIC MEDICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Nicolanti Executive Director | 30 | $236,907 | |
Jon Carlson Treasurer | 10 | $55,007 | |
Douglas V Epp Chairman | 2 | $0 | |
Henry B Green Board Member - Emeritas | 2 | $0 | |
Eugene M Pascarella Board Member | 2 | $0 | |
James Mirgliotta Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $572,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,999,639 |
| Capital Gain Net Income | $3,999,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,571,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,914 |
| Other employee salaries and wages | $16,464 |
| Pension plans, employee benefits | $7,681 |
| Interest | $0 |
| Taxes | $76,468 |
| Depreciation | $5,788 |
| Occupancy | $33,552 |
| Travel, conferences, and meetings | $36,347 |
| Printing and publications | $0 |
| Other expenses | $66,283 |
| Total operating and administrative expenses | $1,388,776 |
| Contributions, gifts, grants paid | $248,952 |
| Total expenses and disbursements | $1,637,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,253 |
| Savings and temporary cash investments | $899,464 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,775 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,711 |
| Other assets | $91,704 |
| Total assets | $30,615,843 |
| Accounts payable and accrued expenses | $149,842 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $57,990 |
| Total liabilities | $207,832 |
Grants Awarded
Over the last fiscal year, Ocpm Foundation has awarded $248,952 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
KENT STATE UNIVERSITY COLLEGE OF PODIATRIC MEDICINE PURPOSE: MEDICAID COVERAGE FOR PODIATRIC CARE: A NATIONAL SURVEY | $59,820 |
FLORIDA PODIATRIC MEDICAL ASSOCIATION PURPOSE: FPMA SCIENCE & MANAGEMENT SYMPOSIUM | $25,000 |
Bethesda, MD PURPOSE: APMA 2020 ONLINE CECH SUMMER SERIES | $25,000 |
MEDSTAR HEALTH PURPOSE: DIABETIC LIMB SALVAGE 2021 | $25,000 |
ILLINOIS PODIATRIC MEDICAL ASSOCIATION PURPOSE: VIRTUAL EVENT 2020 | $25,000 |
GEORGIA PODIATRIC MEDICAL ASSOCIATION PURPOSE: 23RD ANNUAL GEORGIA SUMMIT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocpm Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Luciano Family Foundation Independence, OH PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $132,862 |
| Earnings | $2,585 |
| Ending Balance | $135,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Summit University Clarks Summit, PA | $12,253,431 | $11,847,715 |
Rosedale Technical College Pittsburgh, PA | $9,955,350 | $10,972,229 |
West Virginia School Of Osteopathic Medicine Clinic Inc Lewisburg, WV | $1,527,498 | $9,302,119 |
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |
Michigan School Of Psychology Farmington Hills, MI | $11,594,534 | $6,562,014 |
The Society Of Clinical Research Associates Inc Chalfont, PA | $7,003,464 | $3,132,079 |
Won Institute Of Graduate Studies Warminster, PA | $6,894,585 | $5,281,852 |
Kentucky College Of Art And Design Inc Louisville, KY | $5,558,325 | $2,801,398 |
Pittsburgh Institute Of Mortuary Science Inc Pittsburgh, PA | $22,570,487 | $5,621,121 |
Winebrenner Theological Seminary Findlay, OH | $3,677,557 | $2,219,718 |