Nonprofit · EIN 93-0845182
OREGON COLLEGE OF ORIENTAL MEDICINE
Tax-exempt · PORTLAND, OR 97219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $3,443,856 | $4,514,812 | -$1,070,956 | $3,326,316 | $7,079,356 | -$3,753,040 |
| September 30, 2023 | 990 | $4,394,452 | $5,384,478 | -$990,026 | $6,364,815 | $8,437,958 | -$2,073,143 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $171,967
- of which government grants
- $55,233
- Program service revenue
- $3,150,615
- Investment income
- $0
- Net income from sales of inventory
- $83,406
- Other revenue
- $121,274
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $508,700
- Other salaries and wages
- $1,912,436
- Salaries, compensation and benefits (total)
- $2,810,081
- Professional fundraising fees
- $0
- Occupancy
- $307,927
- Travel
- $2,264
- Program services (functional)
- $2,965,897
- Management and general (functional)
- $1,548,915
Balance sheet and other
- Total assets, start of year
- $6,364,815
- Total assets, end of year
- $3,326,316
- Total liabilities, end of year
- $7,079,356
- Net assets, end of year
- -$3,753,040
- Land, buildings and equipment
- $2,310,847
- Net assets without donor restrictions
- -$3,753,040
- Gross receipts
- $3,546,954
- Employees
- 168
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- OR
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 September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILIP H LUNDBERG | PRESIDENT Officer | 40 | $212,644 | $1,613 |
| AMBER APPLETON | VICE PRESIDENT Officer | 40 | $101,237 | $34,433 |
| VALERIE HOBBS | PROGRAM DIRECTOR Highest-paid employee | 40 | $120,520 | $3,445 |
| MELISSA GEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELL M HAY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GENE HONG MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRAVIS KERN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRAD BEAVERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA BUEERMANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGO MCGEHEE-KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRI GREEN | FORMER PRESIDENT Officer | 40 | $373,702 | $1,231 |
| VALERIE HOBBS | VICE PRESIDENT Officer | 1 | $125,570 | $3,190 |
| PHILIP H LUNDBERG | PRESIDENT Officer | 1 | $120,520 | $3,185 |
| MELISSA GEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELL M HAY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GENE HONG MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRAVIS KERN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRAD BEAVERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA BUEERMANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGO MCGEHEE-KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAREN WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEAH YAMAGUCCHI | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7642 SW CAPITOL HWY, PORTLAND, OR 97219-2437
- In care of
- % KAREN M WILLIAMS JD
- Principal officer (990 for 2023)
- PHILIP LUNDBERG, 75 NW COUCH STREET, PORTLAND, OR 97209
- Signed the 990
- PHILIP LUNDBERG, PRESIDENT
- Phone
- (503) 253-3443
- Website
- WWW.OCOM.EDU
- Return prepared by
- HOFFMAN STEWART & SCHMIDT PC
Mission
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.
Program accomplishments
- 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.Expenses $2,965,897 · revenue $3,150,615
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 93-0845182
- 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
- 1984
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B54Z)
- Assets (IRS master file)
- $3,326,316
- Income (IRS master file)
- $3,546,954
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $3,443,856 | $4,514,812 | $3,326,316 | XML |
| 990 | September 2023 | $4,394,452 | $5,384,478 | $6,364,815 | XML |
| 990 | September 2022 | $5,031,389 | $5,360,294 | $15,702,275 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 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 93-0845182).
Questions about OREGON COLLEGE OF ORIENTAL MEDICINE
- What is the EIN of OREGON COLLEGE OF ORIENTAL MEDICINE?
- The employer identification number (EIN) of OREGON COLLEGE OF ORIENTAL MEDICINE is 93-0845182.
- Is OREGON COLLEGE OF ORIENTAL MEDICINE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to OREGON COLLEGE OF ORIENTAL MEDICINE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OREGON COLLEGE OF ORIENTAL MEDICINE 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 OREGON COLLEGE OF ORIENTAL MEDICINE due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OREGON COLLEGE OF ORIENTAL MEDICINE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of OREGON COLLEGE OF ORIENTAL MEDICINE?
- The 990 for the year ended September 30, 2024 names PHILIP LUNDBERG.
- Who are the officers and directors of OREGON COLLEGE OF ORIENTAL MEDICINE?
- The 990 for the year ended September 30, 2024 lists 10 people; 3 received compensation from the organization, the highest $212,644 (PHILIP H LUNDBERG, PRESIDENT).
- How much revenue does OREGON COLLEGE OF ORIENTAL MEDICINE have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $3,443,856, expenses of $4,514,812 and total assets of $3,326,316 at year end.
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