2025-05-15T06:46:46-05:00 2024-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2023-07-01 131099420 NEW YORK MEDICAL COLLEGE NEWY 9145944470 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 ADAM HAMMERMAN VICE PRESIDENT AND CFO 9145944470 2025-05-14 1 0 EVAN W SEEKAMP P01907071 2127589700 2025-05-14 2023 2025-03-06 01:10:19Z ADAM HAMMERMAN 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 164645065 0 X WWW.NYMC.EDU X 1860 NY EDUCATE PHYSICIANS, SCIENTISTS, PUBLIC HEALTH SPECIALISTS & OTHER HEALTHCARE PROFESSIONALS. 26 24 1009 1537 2328319 872289 5929337 2221481 104132371 110914685 2388682 5563720 5434754 5129712 117885144 123829598 8605008 10110728 0 0 72993030 72583744 179680 150206 2033543 39526773 39676618 121304491 122521296 -3419347 1308302 328446597 329550377 138677890 129158630 189768707 200391747 X NEW YORK MEDICAL COLLEGE (NYMC), A MEMBER OF TOURO UNIVERSITY, IS A HEALTH SCIENCES COLLEGE WHOSE PURPOSE IS TO EDUCATE CLINICAL AND PUBLIC HEALTH PROFESSIONALS AS WELL AS RESEARCHERS, TO CONDUCT BIOMEDICAL AND POPULATION-BASED RESEARCH (SEE SCHEDULE O). 0 0 78371635 10110728 94679339 PROFESSIONAL EDUCATION: EDUCATE INDIVIDUALS FOR CAREERS IN MEDICAL, SCIENCE AND HEALTH PROFESSIONS. 12558382 11215357 AFFILIATION AND FACULTY PRACTICE: NYMC FACULTY MEMBERS PROVIDE SUPERVISION, TEACHING AND RELATED ADMINISTRATIVE SERVICES AT WESTCHESTER MEDICAL CENTER AND OTHER METROPOLITAN AREA HOSPITALS IN SUPPORT OF VARIOUS MEDICAL STUDENT RESIDENCY PROGRAMS. 3244999 5691373 AUXILIARY: CAMPUS SERVICES (HOUSING AND DINING) PROVIDED TO THE STUDENTS AND THE NYMC COMMUNITY TO LIVE AND FUNCTION ON CAMPUS. 94175016 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 1 476 0 1 1009 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ AR CA CT DE FL GA HI ID IL IN IA KS LA ME MS MT NE NV NH NJ NY NC OR PA SC SD TX VT VA WV WI WY X ADAM HAMMERMAN 9145944470 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 ALAN KADISH PRESIDENT, CEO AND TRUSTEE 10.80 24.20 X X 0 1064178 271255 RABBI MENACHEM GENACK TRUSTEE 0.20 34.80 X 0 86728 232 ROBERT ALTER TRUSTEE 0.80 0.00 X 0 0 0 GARY BARNETT TRUSTEE 0.10 0.00 X 0 0 0 HOWARD BARUCH TRUSTEE 0.40 0.10 X 0 0 0 BEN CHOUAKE TRUSTEE 0.40 0.60 X 0 0 0 DEE DELBELLO TRUSTEE 0.10 0.00 X 0 0 0 GARY GETTENBERG TRUSTEE 0.10 0.00 X 0 0 0 MUNR KAZMIR TRUSTEE 0.10 0.00 X 0 0 0 MOSHE LICHTENSTEIN TRUSTEE 0.50 0.00 X 0 0 0 RUBEN MEDINA TRUSTEE - BEG. 03/2024 0.20 0.00 X 0 0 0 JOSEPH MARK CHAIRMAN & TRUSTEE 0.70 0.00 X X 0 0 0 LAWRENCE NESHIWAT TRUSTEE 0.10 0.00 X 0 0 0 STEPHEN J NICHOLAS TRUSTEE 0.10 0.00 X 0 0 0 MARTIN OLINER TRUSTEE 0.30 0.70 X 0 0 0 ELIOT PEYSER TRUSTEE 0.20 0.00 X 0 0 0 RONALD F POE TRUSTEE 0.80 0.00 X 0 0 0 JOSEPH POPACK TRUSTEE 0.20 0.00 X 0 0 0 AMMIR RABADI TRUSTEE 0.10 0.00 X 0 0 0 AVI RETTER TRUSTEE 0.10 0.00 X 0 0 0 STEPHEN ROSENBERG TRUSTEE 0.10 0.90 X 0 0 0 ALAN B ROSENTHAL TRUSTEE 0.10 0.00 X 0 0 0 HENRY SAPHIER TRUSTEE 0.30 0.00 X 0 0 0 JOSEPH SCHWARTZ VICE CHAIR & TRUSTEE 0.30 0.00 X 0 0 0 EDWARD C HALPERIN CHANCELLOR OF HEALTH AFF & CEO 34.80 0.20 X 658482 0 67643 ROBERT W AMLER DEAN SHSP 34.80 0.20 X 436705 0 44838 NICHOLAS JANIGA VP, CHIEF COUNSEL & ASST SEC. 34.90 0.10 X 345982 0 77470 MARINA HOLZ DEAN GSBMS 35.00 0.00 X 317374 0 23853 ADAM HAMMERMAN VICE PRESIDENT & CFO 35.00 0.00 X 296413 0 42480 NEIL SCHLUGER DEAN SOM - BEG. 12/19/23 35.00 0.00 X 253794 0 1774 MICHAEL NEWMAN SECRETARY, SR. VP AND GEN COUNSEL 5.00 30.00 X 0 343354 39504 SALOMON AMAR SVP FOR RESEARCH AFFAIRS 15.90 19.10 X 200729 417323 135411 MITCHELL S CAIRO PROFESSOR 35.00 0.00 X 518825 0 65798 DAVID S MARKENSON PROFESSOR 35.00 0.00 X 388882 0 66542 LORI SOLOMON CHAIR OF FAMILY & COMMUNITY MEDICINE 5.00 30.00 X 293069 0 76865 JANE PONTERIO SENIOR ASSOCIATE DEAN 35.00 0.00 X 309981 0 34251 MICHAL LANIADO SCHWARTZMAN PROFESSOR 35.00 0.00 X 304075 0 72520 JERRY L NADLER FORMER DEAN SOM - END 2/24/23 34.90 0.10 X 173821 0 8115 RABBI R SINHA TRUSTEE 0.10 0.00 X 0 0 0 KENNETH R THEOBALDS TRUSTEE 0.30 0.00 X 0 0 0 4498132 1911583 1028551 190 1 1 0 CONSTELLATION NEWENERGY INC 1310 POINT STREET 8TH FLOOR BALTIMORE MD 21231 ENERGY MANAGEMENT SERVICES 3853798 PAVARINI NORTH EAST CONSTRUCTION COMPANY 30 OAK STREET STAMFORD CT 06905 CONSTRUCTION 3808917 ABLE SERVICES PO BOX 39000 SAN FRANCISCO CA 94139 CLEANING SERVICE 1865824 ELSEVIER INC PO BOX 7247-8455 PHILADELPHIA PA 19170 ONLINE LIBRARY SUBSCRIPTION 838883 LIFE TECHNOLOGIES CORPORATION 5781 VAN ALLEN WAY CARLSBAD CA 92008 INSTRUCTIONAL & MED SUPPLIES 556149 43 489595 247813 1484073 38680 2221481 TUITION AND FEES 611310 71829685 71829685 RESEARCH AND SPONSORED 611310 22178270 22178270 AFFILIATION FEES 611310 8254481 8254481 AUXILIARY ENTERPRISES 611310 5691373 5691373 FACULTY PRACTICE PLANS 611310 2960876 2960876 110914685 2436060 10598 24073 2401389 7758920 3644137 4114783 4114783 2126762 1988021 40090000 36962340 3127660 3127660 3127660 74925 489595 208990 -134065 -134065 INSURANCE CLAIMS 900099 577217 577217 ENERGY REBATES 900099 310724 310724 COMPARATIVE MEDICINE 611310 177484 177484 83569 83569 1148994 123829598 111586069 2328319 7693729 1660986 1660986 8165819 8165819 283923 283923 3027658 1683710 1304981 38967 54614651 45526652 8158557 929442 3025557 2507842 479054 38661 8146828 7027279 930672 188877 3769050 3101634 603505 63911 390347 319703 64086 6558 356821 356821 72699 72699 150206 150206 226938 185867 37258 3813 4505694 3664272 759545 81877 153156 125438 25145 2573 1326844 855267 438626 32951 1787952 1418285 277468 92199 9273921 1970367 7302619 935 554699 454028 98788 1883 116389 98573 17816 914072 914072 10231382 7864270 2197297 169815 1004645 1004645 OTHER RESEARCH GRANT EX 2508334 2508334 STUDENT ACTIVITIES 1868090 1855786 12304 EDUCATIONAL PROGRAMS 1817743 1785218 32525 OTHER 1456600 373458 974845 108297 1110292 738305 249409 122578 122521296 94175016 26312737 2033543 979098 2158837 2157609 2144910 13139427 13600037 5856392 7162997 6454455 7037923 114286 114286 994297 948846 300283946 115635675 186529960 184648271 77401541 74950359 19793762 22164271 10200000 10200000 4825770 4419640 328446597 329550377 20291100 17533429 15277450 14848805 59910546 59134819 3758315 2684561 15142446 11753156 24298033 23203860 138677890 129158630 X 117413028 122211099 72355679 78180648 189768707 200391747 328446597 329550377 X 1308302 7094943 2219795 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 72678 0 1 21 72699 0 PART II-B, LINE 1: NEW YORK MEDICAL COLLEGE RETAINED THE LAW FIRM OF HINMAN STRAUB, 121 STATE STREET, ALBANY, NEW YORK. CONSIDERATION OF $72,678 WAS PAID FOR LOBBYING SERVICES AND ADVICE REGARDING THE APPROPRIATION BY THE NEW YORK STATE LEGISLATURE AND THE PAYMENT BY THE STATE OF NEW YORK OF GRANT MONIES TO NEW YORK MEDICAL COLLEGE TO SUPPORT BIOMEDICAL RESEARCH. THE COLLEGE'S LOBBYING ACTIVITIES, WITH THE ASSISTANCE OF HINMAN STRAUB, INCLUDED SEVERAL MEETINGS AND TELEPHONE CONVERSATIONS WITH STATE LEGISLATORS AND EXECUTIVE DEPARTMENT OFFICIALS TO MAKE THEM AWARE OF THE IMPORTANCE OF NEW YORK MEDICAL COLLEGE AND BIOMEDICAL RESEARCH IN THE HUDSON VALLEY AREA OF NEW YORK AND THE DIFFICULTY THE FINANCIAL PROBLEMS OF HOSPITALS IN NEW YORK STATE WAS HAVING ON MEDICAL EDUCATION AND RESEARCH AS WELL AS PATIENT CARE. THE COLLEGE PAYS ANNUAL DUES TO NACUBO, A PORTION OF WHICH ARE ATTRIBUTABLE TO LOBBYING. 0 1 X 73713091 250010 11059750 3550771 56715 81415365 68154737 1715000 7457144 3566162 47628 73713091 79642070 271402 -8256050 3439329 63356 68154737 68789798 1104500 13228018 3420246 60000 79642070 70675557 52194 1593773 3380799 150927 68789798 0.41530 0.29510 0.28960 0 0 24510436 24510436 214727681 73472275 141255406 390466 357128 33338 30154714 24147222 6007492 30500649 17659050 12841599 184648271 BEN INT IN PERP TRUSTS 15213800 F ALTERNATIVE INVESTMENTS 5538434 F OTHER PARTNERSHIP INVESTMENTS 1412037 F 22164271 REFUNDABLE FED STUDENT LOANS 11592 OTHER LIABILITIES 38467 PAYABLE TO BIOINC 1871340 OPERATING LEASE LIABILITY 3704148 TAXABLE BONDS 17578313 23203860 X 128931000 7094943 -5618840 1476103 127454897 226938 -3852237 -3625299 123829598 118416000 4290556 4290556 114125444 226938 8168914 8395852 122521296 PART IV, LINE 2B: AMOUNTS REPRESENT TUITION PAYMENTS RECEIVED IN ADVANCE AND HELD IN ESCROW BY THE COLLEGE. PART V, LINE 4: THE COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 128 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE COLLEGE PRESCRIBES TO A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2024 AND 2023, THE COLLEGE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FMV IN PERPETUAL TRUST 1,516,342. REVENUE FROM CONSOLIDATED ORGANIZATION 327,184. POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC 330,399. BENEFIT COSTS 373,054. SCHOLARSHIPS -8,165,819. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -208,990. RENTAL EXPENSES -3,644,137. ROUNDING 890. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,644,137. EXPENSES FROM CONSOLIDATED ORGANIZATION 437,429. SPECIAL EVENT EXPENSES 208,990. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 8,165,819. ROUNDING 3,095. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SOLICITATION MATERIALS REQUESTED FROM OR SENT BY THE INSTITUTION CONTAIN A STATEMENT OF ITS POLICY ON NON-DISCRIMINATION. THE COLLEGE'S POLICY ON NON-DISCRIMINATION IS ALSO DISPLAYED ON ITS PUBLIC WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ANNUAL FUNDING APPROPRIATED FROM THE NEW YORK STATE BUNDY AID PROGRAM. 0 CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENTS 5538434 SOUTH ASIA 0 0 GRANTMAKING 149523 NORTH AMERICA 0 0 GRANTMAKING 134670 0 0 0 0 0 0 5822627 0 5822627 SOUTH ASIA RESEARCH 149253 0 NORTH AMERICA RESEARCH 134670 0 2 0 1 0 1 1 0 1 PART I, LINE 3: THE INVESTMENTS LISTED ON PART I ARE REPORTED AT FAIR MARKET VALUE. PART I, LINE 3, COLUMN (F): THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. X X X X X X 1 CI PARTNERS DIRECT INC 1601 EASTMAN AVE UNIT 202 VENTURA CA 93003 DIRECT MAIL/DIRECT RESPONSE CAMPAIGNS 0 170317 150206 20111 170317 150206 20111 AK AZ AR CA CT DE FL GA HI ID IL IN IA KS LA ME MS MT NE NV NH NJ NY NC OR PA SC SD TX VT VA WV WI WY FOUNDER'S DINNER 354050 315330 38720 150 3900 72377 1500 77419 GOLF OUTING 210470 174265 36205 121 4000 40043 9480 564520 489595 74925 271 7900 112420 1500 86899 208990 -134065 1 TEXAS BIOMEDICAL RESEARCH INSTITUTE 875 W MILITARY DR SAN ANTONIO TX 78227 741109630 501(C)(3) 402135 0 RESEARCH OREGON HEALTH AND SCIENCE UNIVERSITY 2525 SW 3RD AVE SUITE 245 PORTLAND OR 97201 931176109 501(C)(3) 234908 0 RESEARCH THE RESEARCH INSTITUTE AT NATIONWIDE CHILDREN'S HOSPITAL 700 CHILDRENS DRIVE COLUMBUS OH 43205 316056230 501(C)(3) 116925 0 RESEARCH UNIVERSITY OF NORTH CAROLINA 219 HANES HILL CHAPEL HILL NC 27599 566001393 501(C)(3) 114305 0 RESEARCH OHIO STATE UNIVERSITY 2020 BLANKENSHIP HALL 901 WOODY HAYES DRIVE COLUMBUS OH 43210 316025986 501(C)(3) 112689 0 RESEARCH AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC 1120 15TH STREET CJ3301 AUGUSTA GA 30912 581418202 501(C)(3) 89845 0 RESEARCH THE UNIVERSITY OF TEXAS AT AUSTIN PO BOX 7159 AUSTIN TX 78713 746000203 501(C)(3) 85222 0 RESEARCH UNIVERSITY OF CHICAGO 75 REMITTANCE DRIVE CHICAGO IL 60675 362177139 501(C)(3) 80820 0 RESEARCH UNIVERSITY OF PITTSBURGH 4401 PENN AVE 2ND FL FAC PAV BLDG PITTSBURGH PA 15224 250965591 501(C)(3) 67587 0 RESEARCH WESTERN WASHINGTON UNIVERSITY 516 HIGH STREET BELLINGHAM WA 98225 916000562 501(C)(3) 57110 0 RESEARCH UNIVERSITY OF MARYLAND BALTIMORE 220 ARCH STREET 13TH FLOOR BALTIMORE MD 21201 526002033 501(C)(3) 50987 0 RESEARCH RAADYSAN BIOTECH INC 9 HAWTHORNE COURT FISHKILL NY 12524 475220585 48000 0 RESEARCH WASHINGTON UNIVERSITY IN ST LOUIS ONE BROOKINGS DRIVE ST LOUIS MO 63130 430653611 501(C)(3) 33377 0 RESEARCH THE MEDICAL COLLEGE OF WISCONSIN INC 8701 WATERTOWN PLANK RD PO BOX 26509 MILWAUKEE WI 53226 390806261 501(C)(3) 28608 0 RESEARCH BAYSTATE MEDICAL CENTER INC 759 CHESTNUT STREET SPRINGFIELD MA 01199 042790311 501(C)(3) 28318 0 RESEARCH TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA PA 19104 231352685 501(C)(3) 21414 0 RESEARCH INDIANA UNIVERSITY 1024 E 3RD STREET ROOM 132 BLOOMINGTON IN 47405 356001673 501(C)(3) 14492 0 RESEARCH JOHN HOPKINS UNIVERSITY 3910 KESWICK ROAD N4327B BALTIMORE MD 21211 520595110 501(C)(3) 12085 0 RESEARCH UNIVERSITY OF CALIFORNIA SAN FRANCISCO (REGENTS UNIVERSITY OF CA) 1855 FOLSOM STREET SAN FRANCISCO CA 94143 946036493 501(C)(3) 11500 0 RESEARCH REGENTS UNIV OF CALIFORNIA LOS ANGELES CAMPUS 10920 WILSHIRE BLVD LOS ANGELES CA 90024 956006143 501(C)(3) 10000 0 RESEARCH UNIVERSITY OF ALABAMA AT BIRMINGHAM 801 5TH AVENUE BIRMINGHAM AL 35233 636005396 501(C)(3) 9900 0 RESEARCH TOURO UNIVERSITY 202 WEST 43RD ST NEW YORK NY 10036 132676570 501(C)(3) 7667 0 RESEARCH THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 7329 ALBANY NY 12224 141368361 501(C)(3) 7236 0 RESEARCH 22 1 SCHOLARSHIPS & GRANTS 526 8165819 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON MERIT AND BASED ON NEED. THE BURSAR'S OFFICE MONITORS THE USE OF SUCH FUNDS TO THE EXTENT THAT THEY ARE USED EXCLUSIVELY FOR TUITION AND FEES. WHEN SCHOLARSHIPS ARE AWARDED, THE AMOUNT DISBURSED GOES DIRECTLY AGAINST THE BALANCE A STUDENT HAS WITH THE BURSAR'S OFFICE. WITH RESPECT TO GRANTS RECEIVED BY ORGANIZATIONS WITHIN THE UNITED STATES, THE COLLEGE REQUIRES PASS-THROUGH REPORTS (ATTESTATION OF EFFORT) FROM ITS SUBRECIPIENTS AS OUTLINED IN THE GRANT AGREEMENT WITH THE SUBRECIPIENT. THE TIME AND EFFORT ATTESTATION MUST BE APPROVED BY THE PRINCIPAL INVESTIGATOR OF THE GRANT TO ENSURE RECEIPT OF WORK PERFORMED. X 1 1 X X X 0 1 0 0 0 0 0 1 0 ALAN KADISH PRESIDENT, CEO AND TRUSTEE 0 1064178 0 0 0 0 0 16500 0 254755 0 1335433 0 0 SALOMON AMAR SVP FOR RESEARCH AFFAIRS 178229 417323 0 0 22500 0 9936 32876 0 92599 210665 542798 0 0 EDWARD C HALPERIN CHANCELLOR OF HEALTH AFF & CEO 579802 0 50000 0 28680 0 31129 0 36514 0 726125 0 0 0 MITCHELL S CAIRO PROFESSOR 490145 0 0 0 28680 0 31129 0 34669 0 584623 0 0 0 ROBERT W AMLER DEAN SHSP 379525 0 28500 0 28680 0 41490 0 3348 0 481543 0 0 0 DAVID S MARKENSON PROFESSOR 362995 0 0 0 25887 0 16500 0 50042 0 455424 0 0 0 NICHOLAS JANIGA VP, CHIEF COUNSEL & ASST SEC. 340682 0 5000 0 300 0 31129 0 46341 0 423452 0 0 0 MARINA HOLZ DEAN GSBMS 297776 0 0 0 19598 0 22186 0 1667 0 341227 0 0 0 ADAM HAMMERMAN VICE PRESIDENT & CFO 295963 0 0 0 450 0 27204 0 15276 0 338893 0 0 0 LORI SOLOMON CHAIR OF FAMILY & COMMUNITY MEDICINE 292364 0 0 0 705 0 28406 0 48459 0 369934 0 0 0 JANE PONTERIO SENIOR ASSOCIATE DEAN 283671 0 0 0 26310 0 15736 0 18515 0 344232 0 0 0 MICHAL LANIADO SCHWARTZMAN PROFESSOR 277208 0 2000 0 24867 0 38613 0 33907 0 376595 0 0 0 NEIL SCHLUGER DEAN SOM - BEG. 12/19/23 253134 0 0 0 660 0 0 0 1774 0 255568 0 0 0 JERRY L NADLER FORMER DEAN SOM - END 2/24/23 168629 0 0 0 5192 0 5420 0 2695 0 181936 0 0 0 MICHAEL NEWMAN SECRETARY, SR. VP AND GEN COUNSEL 0 343354 0 0 0 0 0 16500 0 23004 0 382858 0 0 PART I, LINE 1A HOUSING ALLOWANCE JERRY NADLER, DEAN OF THE SCHOOL OF MEDICINE, HAS A TAXABLE HOUSING ALLOWANCE FROM NEW YORK MEDICAL COLLEGE. PART I, LINE 4B NONQUALIFIED DEFERRED COMPENSATION PLAN THE PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF $59,500. PART I, LINE 7 NONFIXED PAYMENTS DISCRETIONARY BONUSES WERE PAID DURING CALENDAR YEAR 2023, AS REPORTED IN COLUMN (B)(II). A DORMITORY AUTHORITY OF THE STATE OF NY 2020A 146000293 000000000 2020-07-01 55610000 SEE PART VI 1 0 0 A 2558235 20590856 1128598 447252 17684234 1330773 2020 0 0 0 1 A 0 1 1 1 1 1 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SUPPLEMENTAL INFORMATION COLUMN A: PART II, LINE 1 - THE AMOUNT OF BONDS RETIRED REFLECTED ON THIS FORM REPRESENT THE BONDS REDEEMED AS OF THE END OF THE REPORTING PERIOD ATTRIBUTABLE TO NEW YORK MEDICAL COLLEGE. COLUMN A: PART I, (F) - THE PORTION OF THE BONDS OF WHICH THE BORROWER IS A BENEFICIARY WAS ISSUED TO FINANCE CONSTRUCTION OF EDUCATIONAL FACILITIES AND MAKE ENERGY AND UTILITY IMPROVEMENTS TO EXISTING EDUCATIONAL FACILITIES. COLUMN A: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 REPRESENT THE PORTION OF THE BONDS, PLUS INTEREST EARNINGS ON SUCH BOND PROCEEDS, OF WHICH THE BORROWER IS A BENEFICIARY. THUS, PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E). COLUMN A: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SUBSTANTIAL CONTRIB #77 SUB. CONTRIBUTOR 276350 AUDITING 0 SUBSTANTIAL CONTRIB #10 SUB. CONTRIBUTOR 3205994 CONST. FEES 0 X 2 38680 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN PART I, COLUMN (B), IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION CONT: NEW YORK MEDICAL COLLEGE (NYMC), A MEMBER OF TOURO UNIVERSITY, IS A HEALTH SCIENCES COLLEGE WHOSE PURPOSE IS TO EDUCATE CLINICAL AND PUBLIC HEALTH PROFESSIONALS AS WELL AS RESEARCHERS, TO CONDUCT BIOMEDICAL AND POPULATION-BASED RESEARCH. THROUGH ITS FACULTY AND AFFILIATED PARTNERS, THE COLLEGE PROMOTES AN ATMOSPHERE OF EXCELLENCE, SCHOLARSHIP, AND PROFESSIONALISM. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF NEW YORK MEDICAL COLLEGE IS NYMC, LLC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF NEW YORK MEDICAL COLLEGE IS NYMC, LLC. NYMC, LLC ELECTS AND APPROVES THE PRESIDENT, CHANCELLOR FOR HEALTH AFFAIRS/CEO AND CHAIRMAN OF THE BOARD OF TRUSTEES AND APPROVES SIGNIFICANT DECISIONS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE COLLEGE'S ORGANIZATIONAL DOCUMENTS DESCRIBE THE PROCESS FOR MEMBER APPROVAL OF SIGNIFICANT DECISIONS OF THE GOVERNING BODY. ARTICLE II, SECTION 6 OF THE BYLAWS REQUIRES MEMBERSHIP APPROVAL BY THE SOLE MEMBER NYMC LLC FOR THE FOLLOWING PROPOSED ACTIONS: I. ELECTION OF THE TRUSTEES OF THE CORPORATION; II. ANY AMENDMENT TO THE CERTIFICATE OF INCORPORATION BYLAWS OR MISSION STATEMENT OF THE CORPORATION; III. APPROVAL OF ANY MAJOR CAPITAL PROJECT INVOLVING THE SALE, ASSIGNMENT, LEASE, PLEDGE, TRANSFER OR OTHER ENCUMBRANCE OF SUBSTANTIAL FIXED ASSETS OF THE CORPORATION; V. APPROVAL OF ANY UNSECURED DEBT INCURRENCE IN AN AMOUNT GREATER THAN 5% OF THE CORPORATION'S OPERATING BUDGET; VI. APPROVAL OF THE ESTABLISHMENT OF A NEW RELATED ENTITY OF THE CORPORATION; VII. REMOVAL WITH OR WITHOUT CAUSE OF ANY OR ALL OF THE TRUSTEES; VIII. APPROVAL OF (A) THE PURCHASE, SALE, MORTGAGE OR LEASE OF REAL PROPERTY WHICH CONSTITUTES A MATERIAL PORTION OF THE ASSETS OF THE CORPORATION OR (B) THE SALE, ASSIGNMENT OF OTHER DISPOSITION OF ALL OR A MATERIAL PORTION OF THE ASSETS OF THE CORPORATION; IX. APPROVAL OF ANY MERGER, CONSOLIDATION, PURCHASE OR JOINT OPERATION AGREEMENT INVOLVING THE CORPORATION; AND X. APPROVAL OF ANY PLAN OF DISSOLUTION OR LIQUIDATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE NEW YORK MEDICAL COLLEGE FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM THEN REVIEWED BY SENIOR MANAGEMENT, SPECIFICALLY THE CONTROLLER, VICE PRESIDENT & CFO AND GENERAL COUNSEL AND SUBMITTED TO AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. COPIES OF THIS RETURN ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES BEFORE THE FORM IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE TWO CONFLICT OF INTEREST POLICIES, ONE FOR THE MEMBERS OF THE BOARD OF TRUSTEES AND THE SECOND APPLICABLE TO ALL FULL-TIME FACULTY AND EMPLOYEES OF NEW YORK MEDICAL COLLEGE. ANNUAL DISCLOSURE FORMS ARE DISTRIBUTED AND ARE REQUIRED TO BE SUBMITTED BY BOTH POLICIES. COMPLIANCE WITH THE BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY IS MONITORED BY THE COLLEGE'S INSTITUTIONAL COMPLIANCE OFFICER, THE AUDIT COMMITTEE, AND THE BOARD OF TRUSTEES OF THE COLLEGE. COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY APPLICABLE TO FULL-TIME FACULTY AND EMPLOYEES IS MONITORED BY THE INSTITUTIONAL COMPLIANCE OFFICER AND THE AUDIT COMMITTEE OF THE COLLEGE. FORMAL CONFLICT MANAGEMENT PLANS ARE IMPLEMENTED FOR ANY ACTUAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD AND OFFICERS, WHO ARE FREE OF ANY CONFLICT, APPROVE EXECUTIVE HIRING DECISIONS. IN MAKING COMPENSATION AND EMPLOYEE BENEFIT DETERMINATIONS, CONSIDERATION IS GIVEN TO EXPERT REPORTS AND COMPENSATION TRENDS IN THE INDUSTRY, QUALIFICATIONS AND OTHER MERITS OF THE CANDIDATES. ALL SUCH DECISIONS ARE DOCUMENTED. COMPENSATION FOR SENIOR MANAGEMENT IS REVIEWED WHEN APPLICABLE. THE FINANCE COMMITTEE APPROVAL IS ALSO REQUIRED FOR ANY SALARY INCREASES ABOVE 14.99%. COMPENSATION FROM RELATED ORGANIZATIONS ARE REVIEWED BY THE BOARD OF SUCH ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S CONFLICT OF INTEREST POLICY AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AND POSTED ON THE COLLEGE'S WEBSITE. FORM 990, PART XI, LINE 9: BENEFIT COSTS 373,054. POST RETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC 330,399. CHANGE IN FMV IN PERPETUAL TRUSTS 1,516,342. NYMC BIOTECHNOLOGY COMMERCIALIZATION LLC 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 853713499 HOLDING COMPANY NY 8269 0 NYMC TOURO UNIVERSITY (CALIFORNIA) 202 WEST 43RD ST NEW YORK NY 10036 133838740 EDUCATION CA 501(C)(3) 2 TOURO UNIVERSITY 1 NYMC LLC 202 WEST 43RD ST NEW YORK NY 10036 271481147 MEMBER NYMC DE 501(C)(3) 12A(I) TOURO UNIVERSITY 0 NEW YORK MEDICAL COLLEGE VEBA BNY MELLON NA ONE WALL STREET 12TH NEW YORK NY 10005 133872638 RETIREMENT BENEFIT NY 501(C)(9) N/A 1 TOURO UNIVERSITY NEVADA 202 WEST 43RD ST NEW YORK NY 10036 200363127 EDUCATION NV 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO COLLEGE AND UNIVERSITY SYSTEM INC 202 WEST 43RD ST NEW YORK NY 10036 680646771 EDUCATION NJ 501(C)(3) 2 TOURO UNIVERSITY 1 YESHIVAS OHR HACHAIM 202 WEST 43RD ST NEW YORK NY 10036 112808947 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 RABBI DOV REVEL YESHIVA OF FOREST HILLS 202 WEST 43RD ST NEW YORK NY 10036 111681674 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO LAW CENTER DEVELOPMENT FOUNDATION 202 WEST 43RD ST NEW YORK NY 10036 133922718 SUPPORT ORG NY 501(C)(3) 12A(I) TOURO UNIVERSITY 1 THE PARTNERSHIP FOR A HEALTHY POPULATION 202 WEST 43RD ST NEW YORK NY 10036 134038939 HEALTH STUDY NY 501(C)(3) 7 TOURO UNIVERSITY 1 TOURO COLLEGE BERLIN GGMBH BERLIN AM RUPERHORN 4 BERLIN GM 14055 EDUCATION GM TOURO UNIVERSITY 1 TOURO UNIVERSITY 202 WEST 43RD ST NEW YORK NY 10036 132676570 EDUCATION NY 501(C)(3) 2 N/A 0 HEBREW THEOLOGICAL COLLEGE 7135 CARPENTER RD SKOKIE IL 60077 362167095 EDUCATION IL 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO UNIVERSITY MEDICAL GROUP 1805 N CALIFORNIA ST STE 201 STOCKTON CA 95204 843416009 HEALTH CARE CA 501(C)(3) 3 TOURO UNIVERSITY (CALIFORNIA) 1 NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 833709834 HEALTH CARE NY 501(C)(3) 10 NYMC 1 THE BIOTECHNOLOGY INCUBATOR AT NYMC INC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 471682208 RESEARCH NY 501(C)(3) 10 NYMC 1 SARAH C UPHAM CLINIC TRUST 13 S DEARBORN IL CHICAGO IL 60603 136035800 GRANTMAKING NY 501(C)(3) PF NYMC 1 BARBARA AND WILLIAM ROSENTHAL FDN 388 GREENWICH STREET 19TH FL NEW YORK NY 10013 134148700 GRANTMAKING NY 501(C)(3) PF NYMC 1 CONGREGATION BAIS DAVID 141-61 71ST AVENUE KEW GARDEN HILLS NEW YORK NY 11367 112819714 RELIGIOUS NY 501(C)(3) 1 TOURO UNIVERSITY 1 LOVELACE BIOMEDICAL RESEARCH INSTITUTE 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 850110669 CLINICAL TRIAL RESEARCH NM 501(C)(3) 10 NYMC LLC 1 WEISSMAN HOOD INSTITUTE OF TOURO UNIVERSITY 1520 23RD STREET SOUTH GREAT FALLS MT 59405 810459235 GENETIC RESEARCH MT 501(C)(3) 2 NYMC LLC 1 TOURO SPEECH AND HEARING CLINIC INC 1602 AVENUE J BROOKLYN NY 11230 134180235 INACTIVE NY N/A C 1 TOURO FOUNDATION CORPORATION 202 WEST 43RD ST NEW YORK NY 10036 134014618 INACTIVE NY N/A C 1 TOURO UNIVERSITY FOUNDATION 202 WEST 43RD ST NEW YORK NY 10036 943318585 INACTIVE CA N/A C 1 TOURO COLLEGE FOUNDATION FOR JEWISH STUDIES 202 WEST 43RD ST NEW YORK NY 10036 133629225 INACTIVE NY N/A C 1 TOURO UNIVERSITY MEDICAL ASSOCIATES 1805 N CALIFORNIA ST STE 201 STOCKTON CA 95204 843786336 HEALTH CARE CA N/A C 1 TOURO COLLEGE OF DENTAL MEDICINE FACULTY PRACTICE CORPORATION 202 WEST 43RD ST NEW YORK NY 10036 871129539 HEALTH CARE NY N/A C 1 SPEECH LANGUAGE PATHOLOGY PC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 720564834 HEALTH CARE NY N/A C 1 LOVELACE SCIENTIFIC RESOURCES 2441 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 850357767 CLINICAL TRIAL RESEARCH NM N/A C 1 0 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 SARAH C UPHAM CLINIC TRUST C 459498 CASH NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE L 136536 CASH THE BIOTECHNOLOGY INCUBATOR AT NYMC INC L 26291 CASH BARBARA AND WILLIAM ROSENTHAL FOUNDATION C 127682 CASH SCHEDULE R, PART V: TRANSACTIONS WITH RELATED ORGANIZATIONS UNDER IRC SECTIONS 512(B)(13) AND 318, ORGANIZATIONS CONTROLLED BY TOURO UNIVERSITY ARE ATTRIBUTED CONSTRUCTIVE OWNERSHIP BETWEEN THE BROTHER/SISTER RELATED ENTITIES ON SCHEDULE R. ALL TRANSACTIONS WITH DIRECTLY CONTROLLED ORGANIZATIONS ARE REPORTED ON PART V, LINE 2.