Oregon College Of Oriental Medicine
- Assets
- $6.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 174
- Location
- Portland, OR
- Founding
- 07/1984
- Data as of
- 09/2023
- EIN
- 93-0845182
Organization Overview
Oregon College Of Oriental Medicine is located in Portland, OR. The organization was established in 1984. As of 09/2023, Oregon College Of Oriental Medicine employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon College Of Oriental Medicine 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 09/2023, Oregon College Of Oriental Medicine generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $5.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Geyer Trustee | Trustee | 1 | $0 |
Michell M Hay Treasurer | OfficerTrustee | 1 | $0 |
Gene Hong MD Trustee | Trustee | 1 | $0 |
Travis Kern Chair | OfficerTrustee | 1 | $0 |
Brad Beavers Trustee | Trustee | 1 | $0 |
Laura Bueermann Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Verkada - Cache Valley Electric Ocom Install 37 Doors And Cameras | 9/29/23 | $288,467 |
Cfo Selections Accounting | 9/29/23 | $117,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,739 |
| Total Program Service Revenue | $3,977,662 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $97,908 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,394,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,067 |
| Compensation of current officers, directors, key employees. | $336,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,412,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $171,236 |
| Payroll taxes | $268,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $508,731 |
| Advertising and promotion | $58,035 |
| Office expenses | $88,400 |
| Information technology | $85,967 |
| Royalties | $0 |
| Occupancy | $630,871 |
| Travel | $12,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,436 |
| Interest | $356,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $77,295 |
| All other expenses | $0 |
| Total functional expenses | $5,384,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073,174 |
| Savings and temporary cash investments | $1,580,491 |
| Pledges and grants receivable | $309,878 |
| Accounts receivable, net | $30,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,243 |
| Prepaid expenses and deferred charges | $68,428 |
| Net Land, buildings, and equipment | $2,629,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $605,160 |
| Total assets | $6,364,815 |
| Accounts payable and accrued expenses | $273,450 |
| Grants payable | $0 |
| Deferred revenue | $664,883 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,380,532 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,093 |
| Total liabilities | $8,437,958 |
| Net assets without donor restrictions | -$2,121,961 |
| Net assets with donor restrictions | $48,818 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,364,815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Symposia Medicus Inc Pleasant Hill, CA | $9,643,148 | $10,102,689 |
Oregon College Of Oriental Medicine Portland, OR | $6,364,815 | $4,394,452 |
Academy Of Chinese Culture And Oakland, CA | $2,134,292 | $2,312,466 |
Acupuncture And Integrative Medicine College Berkeley Berkeley, CA | $2,402,804 | $2,239,232 |
Foundation For Medical Excellence Portland, OR | $3,062,357 | $1,048,374 |
Association For Academic Surgery Inc Los Angeles, CA | $720,895 | $654,719 |
California Academy Of Physician Assistants Los Angeles, CA | $1,833,226 | $880,196 |
Walla Walla University Alumni Association College Place, WA | $3,006,395 | $113,208 |
Center For Chinese Medicine Los Angeles, CA | $109,231 | $15,431 |
Loma Linda University Urology Medical Group Inc Loma Linda, CA | $338,569 | $0 |