NEW YORK MEDICAL COLLEGE: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
NEW YORK MEDICAL COLLEGE (EIN 13-1099420)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-05-14
IRS object ID
202001359349302825
Schema version
2018v3.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-05-14T13:51:39-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101540102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131099420EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1New York Medical CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% ADAM HAMMERMANInCareOfNm
Business Name ControlNEWYBusinessNameControlTxt
Phone9145941000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 SUNSHINE COTTAGE ROADAddressLine1Txt
CityVALHALLACityNm
State AbbreviationNYStateAbbreviationCd
ZIP10595ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonADAM HAMMERMANPersonNm
Person TitleVP & CFOPersonTitleTxt
Phone9145941000PhoneNum
Signature2020-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEVIN L DUNCANPreparerPersonNm
PTINP01249521PTIN
Phone2127589700PhoneNum
Preparation2020-05-12PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address199.207.253.96IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id13407320201355000023FederalOriginalSubmissionId
Federal Original Submission Id2020-05-14FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB09A8F7452AAEB109EF01FBCB66ABFE0CB6B8889AtSubmissionCreationDeviceId
At Submission Filing Device IdF7E791049FCEE4943A341CCA4F642AE72B60D2A0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerEDWARD C HALPERIN MDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 SUNSHINE COTTAGE ROADAddressLine1Txt
CityVALHALLACityNm
State AbbreviationNYStateAbbreviationCd
ZIP10595ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$154,710,433GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NYMC.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1860FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionNEW YORK MEDICAL COLLEGE IS A HEALTH SCIENCES UNIVERSITY WHOSE PURPOSE IS TO EDUCATE PHYSICIANS, SCIENTISTS PUBLIC HEALTH SPECIALISTS AND OTHER HEALTHCARE PROFESSIONALS.ActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent23VotingMembersIndependentCnt
Total Employee1206TotalEmployeeCnt
Total Volunteers1142TotalVolunteersCnt
Total Gross UBI$882,862TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$185,762NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,733,576PYContributionsGrantsAmt
CY Contributions Grants$5,012,605CYContributionsGrantsAmt
PY Program Service Revenue$111,528,704PYProgramServiceRevenueAmt
CY Program Service Revenue$110,573,977CYProgramServiceRevenueAmt
PY Investment Income$4,166,323PYInvestmentIncomeAmt
CY Investment Income$4,159,666CYInvestmentIncomeAmt
PY Other Revenue$3,252,390PYOtherRevenueAmt
CY Other Revenue$3,366,588CYOtherRevenueAmt
PY Total Revenue$121,680,993PYTotalRevenueAmt
CY Total Revenue$123,112,836CYTotalRevenueAmt
PY Grants And Similar Paid$6,132,057PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$6,643,352CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$84,190,137PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$80,210,912CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,213,311CYTotalFundraisingExpenseAmt
PY Other Expenses$35,649,860PYOtherExpensesAmt
CY Other Expenses$35,988,870CYOtherExpensesAmt
PY Total Expenses$125,972,054PYTotalExpensesAmt
CY Total Expenses$122,843,134CYTotalExpensesAmt
PY Revenues Less Expenses-$4,291,061PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$269,702CYRevenuesLessExpensesAmt
Total Assets BOY$327,918,332TotalAssetsBOYAmt
Total Assets EOY$321,592,523TotalAssetsEOYAmt
Total Liabilities BOY$152,748,005TotalLiabilitiesBOYAmt
Total Liabilities EOY$144,547,298TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$175,170,327NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$177,045,225NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionNEW YORK MEDICAL COLLEGE IS A HEALTH SCIENCES UNIVERSITY WHOSE PURPOSE IS TO EDUCATE PHYSICIANS, SCIENTISTS, PUBLIC HEALTH SPECIALISTS AND OTHER HEALTHCARE PROFESSIONALS. (SEE SCHEDULE O)MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$75,419,459ExpenseAmt
Grant$6,643,352GrantAmt
Revenue$88,754,185RevenueAmt
DescProfessional Education: Educate individuals for careers in medical, science and health professions.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$16,547,625ExpenseAmt
Revenue$17,617,338RevenueAmt
DescAffiliation 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,426,510ExpenseAmt
Revenue$5,431,967RevenueAmt
DescAuxiliary: Campus services (housing and dining) provided to the students and the NYMC community to live and function on campus.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$95,393,594TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemYes (true)BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document382IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1206EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member23IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
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Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonADAM HAMMERMANPersonNm
Phone9145944750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 Sunshine Cottage RoadAddressLine1Txt
CityValhallaCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10595ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Dr Mark Hasten
CHAIRMAN AND TRUSTEE0.384.12Yes (X)Yes (X)$0$0$0
Alan Kadish
President and Trustee11.024.0Yes (X)Yes (X)$0$796,447$174,551
Robert Alter
Trustee0.380.0Yes (X)$0$0$0
Gary Barnett
Trustee0.00.0Yes (X)$0$0$0
Howard Baruch
Trustee0.380.0Yes (X)$0$0$0
Ben Chouake
Trustee0.51.0Yes (X)$0$0$0
Dee Delbello
Trustee0.230.0Yes (X)$0$0$0
Rabbi Menachem Genack
Trustee0.3134.69Yes (X)$0$80,200$3,253
Gary Gettenberg
Trustee0.040.0Yes (X)$0$0$0
Munr Kazmir
Trustee0.150.0Yes (X)$0$0$0
Moshe Lichtenstein
Trustee0.270.0Yes (X)$0$0$0
Joseph Mark
VICE CHAIRMAN AND TRUSTEE0.50.0Yes (X)Yes (X)$0$0$0
Alina Moran
Trustee0.190.0Yes (X)$0$0$0
Stephen J Nicholas
Trustee0.150.0Yes (X)$0$0$0
Martin Oliner
Trustee0.190.81Yes (X)$0$0$0
Eliot Peyser
Trustee0.230.0Yes (X)$0$0$0
Ronald F Poe
Trustee0.50.0Yes (X)$0$0$0
Joseph Popack
Trustee0.270.0Yes (X)$0$0$0
Avi Retter
Trustee0.190.0Yes (X)$0$0$0
Stephen Rosenberg
Trustee0.01.0Yes (X)$0$0$0
Alan Rosenthal
Trustee0.080.0Yes (X)$0$0$0
Henry Saphier
Trustee0.420.0Yes (X)$0$0$0
Joseph Schwartz
Trustee0.190.0Yes (X)$0$0$0
ROSALYN ESTHER STAHL
Trustee0.270.0Yes (X)$0$0$0
Kenneth Theobalds
Trustee0.080.0Yes (X)$0$0$0
Robert Amler
DEAN SHSP35.00.0Yes (X)$399,635$0$27,982
Jerry Nadler beg 3319
Dean of the School of Medicine35.00.0Yes (X)$0$0$0
Edward C Halperin
CHANCELLOR, CEO, INTERM. DEAN35.00.0Yes (X)$554,026$0$54,770
Adam Hammerman
VP & CFO35.00.0Yes (X)$242,276$0$63,704
Nicholas Janiga
VP, Chief Counsel & ASST SEC35.00.0Yes (X)$262,443$0$63,157
Michael Newman
Secretary0.535.0Yes (X)$0$284,044$32,467
David Raab
Executive VP (End 9/3/18)10.025.0Yes (X)$235,854$66,540$46,052
Marina Holz
Dean GSBMS (beg 10/17/18)35.00.0Yes (X)$75,086$0$0
Mitchell Cairo
Professor35.00.0$448,070$0$54,880Yes (X)
Michael Gewitz
Professor35.00.0$451,808$0$51,768Yes (X)
Gerard M Villucci
Administrator35.00.0$375,786$0$70,746Yes (X)
Fredrick Z Bierman
SENIOR ASSOCIATE DEAN35.00.0$330,509$0$44,975Yes (X)
Joseph F Morales
Professor35.00.0$327,797$0$50,412Yes (X)
Francis Belloni
Dean, GSBMS (END 6/30/17)35.00.0$189,856$0$53,700Yes (X)
George Nestler
AVP & Controller (End 6/30/17)35.00.0$173,193$0$50,210Yes (X)
Jennifer Riekert
VP Communication (End 6/30/17)35.00.0$166,157$0$12,800Yes (X)
Michael Rogovin
VP Operations (End 6/30/17)35.00.0$187,469$0$61,759Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,419,965TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,227,231TotReportableCompRltdOrgAmt
Total Other Compensation$917,186TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K177IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (true)CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Pavarini North East Construction Co
30 Oak StreetStamfordCT06905Construction$1,630,119
Able Services
PO BOX 8000BuffaloNY14267Cleaning Service$1,064,093
Elsevier Inc
PO BOX 7247-8455PhiladelphiaPA19170Online Books$758,390
LESSINGS inc
PO BOX 3648BOSTONMA022413648Cafeteria$434,669
HI LINK COMPUTERS CORP
60 LONG RIDGE ROADSTAMFORDCT06902COMPUTERS & SOFTWARE$419,070
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K44CntrctRcvdGreaterThan100KCnt
Fundraising$321,844FundraisingAmt
Government Grants$260,884GovernmentGrantsAmt
All Other Contributions$4,429,877AllOtherContributionsAmt
Noncash Contributions$12,799NoncashContributionsAmt
Total Contributions$5,012,605TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and Fees611310$64,640,415$64,640,415
Affiliation Fees611310$13,755,925$13,755,925
RESEARCH AND SPONSORED PROJECTS611310$22,884,257$22,884,257
Faculty Practice Plans611310$3,861,413$3,861,413
Auxiliary Enterprises611310$5,431,967$5,431,967
FieldValueIRS element (for citing)
Total Program Service Revenue$110,573,977TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,960,967TotalRevenueColumnAmt
Related Or Exempt Func Income$172,981RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$24,880UnrelatedBusinessRevenueAmt
Exclusion$2,812,866ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,547TotalRevenueColumnAmt
Exclusion$17,547ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$4,398,374RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$2,741,866RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,656,508RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,656,508TotalRevenueColumnAmt
Unrelated Business Revenue$189,000UnrelatedBusinessRevenueAmt
Exclusion$1,467,508ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$29,954,030SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$28,772,878SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,181,152SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,181,152TotalRevenueColumnAmt
Exclusion$1,181,152ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$17,659FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$321,844ContriRptFundraisingEventAmt
Fundraising Direct Expenses$82,853FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$65,194TotalRevenueColumnAmt
Exclusion-$65,194ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Comparative Medicine611310$1,351,397$632,655$718,742
OTHER REVENUE611310$423,877$423,877
FieldValueIRS element (for citing)
Other Revenue Total$1,775,274OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$123,112,836TotalRevenueColumnAmt
Related Or Exempt Func Income$111,803,490RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$882,862UnrelatedBusinessRevenueAmt
Exclusion$5,413,879ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,174,051TotalAmt
Program Services$1,174,051ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$5,469,301TotalAmt
Program Services$5,469,301ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,175,257TotalAmt
Program Services$817,821ProgramServicesAmt
Management And General$1,357,436ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$60,050,851TotalAmt
Program Services$50,650,366ProgramServicesAmt
Management And General$8,791,604ManagementAndGeneralAmt
Fundraising$608,881FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,082,711TotalAmt
Program Services$2,575,430ProgramServicesAmt
Management And General$480,597ManagementAndGeneralAmt
Fundraising$26,684FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,912,420TotalAmt
Program Services$8,571,275ProgramServicesAmt
Management And General$2,209,491ManagementAndGeneralAmt
Fundraising$131,654FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,989,673TotalAmt
Program Services$3,274,791ProgramServicesAmt
Management And General$673,195ManagementAndGeneralAmt
Fundraising$41,687FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$133,256TotalAmt
Management And General$133,256ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$264,369TotalAmt
Management And General$264,369ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$82,181TotalAmt
Management And General$82,181ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$335,114TotalAmt
Management And General$335,114ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,050,722TotalAmt
Program Services$1,931,642ProgramServicesAmt
Management And General$1,098,703ManagementAndGeneralAmt
Fundraising$20,377FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$167,178TotalAmt
Management And General$131,628ManagementAndGeneralAmt
Fundraising$35,550FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,670,823TotalAmt
Program Services$970,025ProgramServicesAmt
Management And General$609,473ManagementAndGeneralAmt
Fundraising$91,325FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$936,439TotalAmt
Program Services$505,183ProgramServicesAmt
Management And General$407,974ManagementAndGeneralAmt
Fundraising$23,282FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,947,679TotalAmt
Program Services$760,792ProgramServicesAmt
Management And General$5,185,411ManagementAndGeneralAmt
Fundraising$1,476FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$803,168TotalAmt
Program Services$679,635ProgramServicesAmt
Management And General$118,331ManagementAndGeneralAmt
Fundraising$5,202FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$144,886TotalAmt
Program Services$130,760ProgramServicesAmt
Management And General$11,583ManagementAndGeneralAmt
Fundraising$2,543FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,758,366TotalAmt
Program Services$3,921,487ProgramServicesAmt
Management And General$836,879ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$10,536,084TotalAmt
Program Services$8,181,700ProgramServicesAmt
Management And General$2,250,320ManagementAndGeneralAmt
Fundraising$104,064FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$598,107TotalAmt
Program Services$127,142ProgramServicesAmt
Management And General$470,965ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Supplies$3,262,280$3,254,498$7,665$117
Student Activities$1,440,066$1,438,566$1,000$500
Dues and Memberships$467,599$240,958$222,250$4,391
Catering and Food Service$496,694$308,588$154,484$33,622

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$893,859TotalAmt
Program Services$409,583ProgramServicesAmt
Management And General$402,320ManagementAndGeneralAmt
Fundraising$81,956FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$122,843,134TotalAmt
Program Services$95,393,594ProgramServicesAmt
Management And General$26,236,229ManagementAndGeneralAmt
Fundraising$1,213,311FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,166,506BOYAmt
EOY$1,565,366EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$11,974,957BOYAmt
EOY$10,794,608EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,374,053BOYAmt
EOY$2,782,431EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,281,731BOYAmt
EOY$12,755,590EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$8,267,769BOYAmt
EOY$7,268,591EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$114,286BOYAmt
EOY$114,286EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,185,357BOYAmt
EOY$926,188EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$249,199,613LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$68,838,931LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$181,404,215BOYAmt
EOY$180,360,682EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$76,120,606BOYAmt
EOY$76,303,241EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$17,753,149BOYAmt
EOY$18,171,483EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$10,200,000BOYAmt
EOY$10,200,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$75,703BOYAmt
EOY$350,057EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$327,918,332BOYAmt
EOY$321,592,523EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$31,464,377BOYAmt
EOY$26,916,694EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$14,634,296BOYAmt
EOY$14,147,436EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$46,046,281BOYAmt
EOY$45,897,262EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$1,146,745BOYAmt
EOY$2,000,356EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$22,518,174BOYAmt
EOY$21,441,623EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,938,132BOYAmt
EOY$34,143,927EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$152,748,005BOYAmt
EOY$144,547,298EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$113,267,415BOYAmt
EOY$114,911,674EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$21,480,885BOYAmt
EOY$21,115,614EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$40,422,027BOYAmt
EOY$41,017,937EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$175,170,327BOYAmt
EOY$177,045,225EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$327,918,332BOYAmt
EOY$321,592,523EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$269,702ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,299,093NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$306,103OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$82,181DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$304OtherActivitiesAmt
Total Lobbying Expenditures$82,485TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B, LINE 1FormAndLineReferenceDesc
ExplanationNEW YORK MEDICAL COLLEGE RETAINED THE LAW FIRM OF HINMAN STRAUB, 121 STATE STREET, ALBANY, NEW YORK. CONSIDERATION OF $80,586 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. NEW YORK MEDICAL COLLEGE ALSO RETAINED THE LAW FIRM OF DELBELLO DONNELLAN WEINGARTEN WISE AND WIEDERKEHR LLP, ONE NORTH LEXINGTON AVENUE, WHITE PLAINS, NY 10601. CONSIDERATION OF $1,595 WAS PAID FOR LOBBYING SERVICES AND ADVICE REGARDING CERTAIN WESTCHESTER COUNTY LAND USE ISSUES. THE COLLEGE PAYS ANNUAL DUES TO NACUBO, A PORTION OF WHICH ARE ATTRIBUTABLE TO LOBBYING.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$70,345,328BeginningYearBalanceAmt
Contributions$200,408ContributionsAmt
Investment Earnings Or Losses$3,659,952InvestmentEarningsOrLossesAmt
Other Expenditures$3,312,320OtherExpendituresAmt
Administrative Expenses$217,811AdministrativeExpensesAmt
End Year Balance$70,675,557EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$66,284,782BeginningYearBalanceAmt
Contributions$1,687,842ContributionsAmt
Investment Earnings Or Losses$5,438,747InvestmentEarningsOrLossesAmt
Other Expenditures$2,958,787OtherExpendituresAmt
Administrative Expenses$107,256AdministrativeExpensesAmt
End Year Balance$70,345,328EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$62,771,921BeginningYearBalanceAmt
Contributions$986,954ContributionsAmt
Investment Earnings Or Losses$4,806,356InvestmentEarningsOrLossesAmt
Other Expenditures$2,276,230OtherExpendituresAmt
Administrative Expenses$4,219AdministrativeExpensesAmt
End Year Balance$66,284,782EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$66,345,921BeginningYearBalanceAmt
Contributions$288,000ContributionsAmt
Investment Earnings Or Losses-$1,125,000InvestmentEarningsOrLossesAmt
Other Expenditures$2,593,000OtherExpendituresAmt
Administrative Expenses$144,000AdministrativeExpensesAmt
End Year Balance$62,771,921EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$63,114,921BeginningYearBalanceAmt
Contributions$4,571,000ContributionsAmt
Investment Earnings Or Losses$1,102,000InvestmentEarningsOrLossesAmt
Other Expenditures$2,340,000OtherExpendituresAmt
Administrative Expenses$102,000AdministrativeExpensesAmt
End Year Balance$66,345,921EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.43370BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.29610PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.27020TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$23,975,461OtherCostOrOtherBasisAmt
Book Value$23,975,461BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$175,741,673OtherCostOrOtherBasisAmt
Depreciation$41,515,655DepreciationAmt
Book Value$134,226,018BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$390,466OtherCostOrOtherBasisAmt
Depreciation$223,625DepreciationAmt
Book Value$166,841BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$25,610,932OtherCostOrOtherBasisAmt
Depreciation$16,899,378DepreciationAmt
Book Value$8,711,554BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$23,481,079OtherCostOrOtherBasisAmt
Depreciation$10,200,271DepreciationAmt
Book Value$13,280,808BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$180,360,682TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
ALTERNATIVE INVESTMENTS$3,654,050F
BEN INT IN PERPETUAL TRUSTS$12,367,598F
OTHER PARTNERSHIP INVESTMENTS$1,820,956F
REAL ESTATE PARTNERSHIPS$328,879F
FieldValueIRS element (for citing)
Total Book Value Securities$18,171,483TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
TAXABLE BONDS$27,922,842
REFUNDABLE FED. STUDENT LOANS$5,230,996
PAYABLE TO BIOINC$676,764
OTHER LIABILITIES$313,325
FieldValueIRS element (for citing)
Total Liability$34,143,927TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$122,487,845TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,299,093NetUnrealizedGainsInvstAmt
Other Revenue$3,880,331OtherRevenueAmt
Revenue Not Reported$5,179,424RevenueNotReportedAmt
Revenue Subtotal$117,308,421RevenueSubtotalAmt
Investment Expenses Not Incld$335,114InvestmentExpensesNotIncldAmt
Other Revenues Not Included$5,469,301OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$5,804,415RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$123,112,836TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$120,190,681TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$3,151,962OtherExpensesIncludedAmt
Expenses Not Reported$3,151,962ExpensesNotReportedAmt
Expenses Subtotal$117,038,719ExpensesSubtotalAmt
Investment Expenses Not Incld2$335,114InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$5,469,301OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$5,804,415ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$122,843,134TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PART IV, LINE 2BFormAndLineReferenceDesc
ExplanationAMOUNTS REPRESENT TUITION PAYMENTS RECEIVED IN ADVANCE AND HELD IN ESCROW BY THE COLLEGE. Schedule D, Part V, Line 4 THE COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 114 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. Schedule D, 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, 2019, THE COLLEGE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2d RENTAL EXPENSES 2,741,866 CHANGE IN FMV IN PERPETUAL TRUST -73,894 REVENUE FROM CONSOLIDATED ORGANIZATION 749,509 SPECIAL EVENT EXPENSES 82,853 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COSTS 379,997 --------------- 3,880,331 Schedule D, Part XI, Line 4b SCHOLARSHIPS 5,097,456 TUITION REMISSION 371,845 --------------- 5,469,301 Schedule D, Part XII, Line 2d RENTAL EXPENSES 2,741,866 SPECIAL EVENT EXPENSES 82,853 EXPENSES FROM CONSOLIDATED ORGANIZATION 327,243 --------------- 3,151,962 Schedule D, Part XII, Line 4b SCHOLARSHIPS 5,097,456 TUITION REMISSION 371,845 --------------- 5,469,301ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceForm 990, Schedule E, Part IIFormAndLineReferenceDesc
ExplanationSCHEDULE 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 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.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCentral America and the CaribbeanRegionTxt
Type Of Activities ConductedInvestmentsTypeOfActivitiesConductedTxt
Region Total Expenditures$3,654,050RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Spent$3,654,050SubtotalSpentAmt
Total Spent$3,654,050TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 3FormAndLineReferenceDesc
ExplanationTHE INVESTMENTS LISTED ON PART I ARE REPORTED AT FAIR MARKET VALUE.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Licensed StatesAKLicensedStatesCd
Licensed StatesAZLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDELicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesIDLicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesINLicensedStatesCd
Licensed StatesIALicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMTLicensedStatesCd
Licensed StatesNELicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesSDLicensedStatesCd
Licensed StatesTXLicensedStatesCd
Licensed StatesVTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesWYLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Founders DinnerEvent1Nm
Gross Receipts Event1$339,503GrossReceiptsEvent1Amt
Charitable Contri Event1$321,844CharitableContriEvent1Amt
Gross Revenue Event1$17,659GrossRevenueEvent1Amt
Rent Facility Costs Event1$20,081RentFacilityCostsEvent1Amt
Food And Beverage Event1$28,392FoodAndBeverageEvent1Amt
Entertainment Event1$400EntertainmentEvent1Amt
Other Direct Expenses Event1$33,980OtherDirectExpensesEvent1Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$339,503GrossReceiptsTotalAmt
Charitable Contributions Tot$321,844CharitableContributionsTotAmt
Gross Revenue Total Events$17,659GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$20,081RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$28,392FoodAndBeverageTotalEventsAmt
Entertainment Total Events$400EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$33,980OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$82,853DirectExpenseSummaryEventsAmt
Net Income Summary-$65,194NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (17 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescPurpose Of GrantPurposeOfGrantTxt
Oregon Health and Science University
2525 SW 3rd AveSuite 245PortlandOR97201931176109OREGON$257,379FMVRESEARCH
University of Rochester
601 Elmwood AvenueRochesterNY14642160743209501(C)(3)$58,054FMVRESEARCH RESEARCH
Open Door Family Medical Center
165 Main StreetossiningNY10562132813103501(C)(3)$50,873FMVRESEARCH RESEARCH
Touro University California
1310 Club DriveVallejoCA94592133838740501(C)(3)$48,449FMVRESEARCH RESEARCH
Medical College of Wisconsin
8701 Watertown Plank RdMilwaukeeWI53226390806261501(C)(3)$22,768FMVRESEARCH RESEARCH
University of Maryland Baltimore
685 West Baltimore StbaltimoreMD21201526002033maryland$34,671FMVRESEARCH RESEARCH
Baystate Medical Center Inc
759 Chestnut StreetSpringfieldMA01199042790311501(C)(3)$39,549FMVRESEARCH RESEARCH
Baylor College of Medicine
One Baylor PlazaHoustonTX77030741613878501(C)(3)$27,221FMVRESEARCH RESEARCH
Children's Hospital of Los Angeles
4650 Sunset BlvdLos AngelesCA90027951690977501(C)(3)$5,210FMVRESEARCH RESEARCH
Tufts Medical Center
800 Washington Street 453bostonMA02111270440772501(C)(3)$45,056FMVRESEARCH RESEARCH
University of Texas SW Medical Center
5323 Harry Hines BlvdMC 929DallasTX75390756002868TEXAS$58,423FMVRESEARCH RESEARCH
Yale University
PO Box 1873New HavenCT06508060646973501(C)(3)$12,187FMVRESEARCH RESEARCH
Marshall University Research Corp
401 11th StreetHuntingtonWV25701550683361501(C)(3)$23,252FMVRESEARCH RESEARCH
Regents University of Michigan
5050 Wolverine TowerAnn ArborMI48109386006309501(C)(3)$68,165FMVRESEARCH
Albert Einstein College of Medicine
1300 Morris Park AvenueBronxNY10461472209056501(C)(3)$130,613FMVRESEARCH
Westchester County Health Care Corp
100 Woods RoadValhallaNY10595133964321501(C)(3)$282,180FMVRESEARCH
University of California at LA (UCLA)
405 Hilgard AvenueLos AngelesCA90095956006143CALIFORNIA$8,000FMVRESEARCH
FieldValueIRS element (for citing)
Total501c3 Org17Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarships & GrantsGrantTypeTxt
Recipient414RecipientCnt
Cash Grant$5,469,301CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PART I, LINE 2FormAndLineReferenceDesc
ExplanationSCHOLARSHIPS 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmtBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmount
Alan Kadish
President and Trustee$0$794,863$1,584$0$45,000$0$129,551$0$970,998$0$0
Francis Belloni
Dean, GSBMS (END 6/30/17)$187,438$0$0$23,400$0$37,304$0$250,560$0$0$0$0$2,418
George Nestler
AVP & Controller (End 6/30/17)$166,934$0$0$20,190$0$36,417$0$229,800$0$0$0$0$6,259
Jennifer Riekert
VP Communication (End 6/30/17)$166,015$0$0$12,800$0$2,660$0$181,617$0$0$0$0$142
Michael Rogovin
VP Operations (End 6/30/17)$186,678$0$0$17,143$0$45,762$0$250,374$0$0$0$0$791
Robert Amler
DEAN SHSP$357,232$0$0$26,231$0$3,022$0$428,888$0$0$0$0$22,403$20,000
Edward C Halperin
CHANCELLOR, CEO, INTERM. DEAN$531,868$0$0$26,231$0$29,811$0$610,068$0$0$0$0$22,158
Adam Hammerman
VP & CFO$241,908$0$0$23,258$0$41,658$0$307,192$0$0$0$0$368
Nicholas Janiga
VP, Chief Counsel & ASST SEC$262,178$0$0$25,654$0$39,711$0$327,808$0$0$0$0$265
Michael Newman
Secretary$0$283,518$526$0$10,784$0$21,683$0$316,511$0$0
David Raab
Executive VP (End 9/3/18)$233,188$0$66,540$19,761$0$26,291$0$281,906$66,540$0$0$0$2,666
Mitchell Cairo
Professor$444,260$0$0$26,231$0$29,173$0$503,474$0$0$0$0$3,810
Michael Gewitz
Professor$447,768$0$0$34,830$0$24,024$0$510,662$0$0$0$0$4,040
Gerard M Villucci
Administrator$375,116$0$0$26,231$0$45,864$0$447,881$0$0$0$0$670
Fredrick Z Bierman
SENIOR ASSOCIATE DEAN$324,329$0$0$26,231$0$21,518$0$378,258$0$0$0$0$6,180
Joseph F Morales
Professor$326,345$0$0$34,830$0$23,539$0$386,166$0$0$0$0$1,452

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE J, PART I, LINE 1AHOUSING ALLOWANCE DAVID RAAB HAS A HOUSING ALLOWANCE FROM TOURO COLLEGE, A RELATED ENTITY, WHICH IS INCLUDED IN TAXABLE COMPENSATION.
SCHEDULE J, PART I, LINE 4BNONQUALIFIED DEFERRED COMPENSATION PLAN THE PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF $31,250.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1Dormitory Authority of the State of New YorkBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN146000293BondIssuerEIN
CUSIP649907M82CUSIPNum
Bond Issued2014-06-26BondIssuedDt
Issue Price$59,716,460IssuePriceAmt
PurposeCONSTRUCTION AND REAL ESTATE ACQ.PurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingYes (true)PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$150,000RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$48,338,203TotalProceedsAmt
In Reserve Fund$4,664,002InReserveFundAmt
Capitalized Interest$3,932,790CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$900,851IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$37,951,254CapitalExpendituresAmt
Other Spent Proceeds$0OtherSpentProceedsAmt
Unspent$1,399,798UnspentAmt
Refunding Tax Exempt BondsfalseRefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadeYes (true)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropYes (true)MgmtContractBondFincdPropInd
Engage Bond Counsel ContractsYes (true)EngageBondCounselContractsInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Private Bus Use By Others0PrivateBusUseByOthersPct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Remedial Action TakenfalseRemedialActionTakenInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetfalseRebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DueYes (true)NoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (true)ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE ATHIS BOND ISSUE IS POOLED FINANCING TOTALING $59,716,460 BETWEEN 3 ENTITIES. THE AMOUNT ALLOCATED TO NYMC IS LISTED IN PART II, LINE 3- $48,338,203. THE INFORMATION LISTED IN PART II, LINES 4-11 ARE THE AMOUNTS ALLOCATED TO NYMC.
PART III, LINES 2, 3A, 4 AND 5THE COLLEGE REVIEWS ALL ACTIVITY PROPOSED FOR ITS BOND-FINANCED FACILITIES, AND ALLOWS IN THOSE FACILITIES ONLY ACTIVITIES THAT EITHER MEET THE INCIDENTAL CONTRACT EXCEPTION OR REVENUE PROCEDURE 2016-44 SAFE HARBOR. THE COLLEGE HAS RENTAL AGREEMENTS WHICH DO NOT GENERATE PBU BECAUSE THEY ARE IN SPACE FINANCED WITH EQUITY. PART IV, LINES 2C THE MOST RECENT ARBITRAGE CALCULATION OCCURED ON 07/02/2019.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
SUBSTANTIAL CONTRIBUTOR 56
External Auditor$442,422Auditing Feesfalse
Kristen Nestler
Former Officer's Daughter$85,551Employee at the Collegefalse

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S MISSIONFORM 990, PART III, LINE 1 NEW YORK MEDICAL COLLEGE CONDUCTS BIOMEDICAL AND POPULATION-BASED RESEARCH. THROUGH ITS FACULTY AND AFFILIATED CLINICAL PARTNERS, THE COLLEGE PROVIDES SERVICE TO ITS COMMUNITY IN AN ATMOSPHERE OF EXCELLENCE, SCHOLARSHIP AND PROFESSIONALISM. NEW YORK MEDICAL COLLEGE BELIEVES THAT THE RICH DIVERSITY OF ITS STUDENT BODY AND FACULTY IS IMPORTANT TO ITS MISSION OF EDUCATING OUTSTANDING HEALTH CARE PROFESSIONALS FOR THE MULTICULTURAL WORLD OF THE 21ST CENTURY.
ORGANIZATION MEMBERSFORM 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 7ATHE 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 7BTHE 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 OF 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 REVIEWFORM 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. CONFLICT OF INTEREST REVIEW 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 COMMITTEE AND THE AUDIT COMMITTEE OF THE COLLEGE. Formal conflict management plans are implemented for any actual conflicts of interest.
COMPENSATION REVIEWFORM 990, PART VI, SECTION B, LINE 15 LINES 15A AND 15B NEW YORK MEDICAL COLLEGE'S PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT, THE CHANCELLOR FOR HEALTH AFFAIRS/CEO AND OTHER OFFICERS INCLUDES A REVIEW OF COMPARABILITY DATA FROM COMPENSATION SURVEYS AND FORMS 990 FROM SIMILAR ORGANIZATIONS, AND REVIEW AND APPROVAL BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES OF NEW YORK MEDICAL COLLEGE, CONSISTING ENTIRELY OF INDEPENDENT PERSONS. Compensation from related organizations are reviewed by the Board of such organization. THE REVIEW AND APPROVAL PROCESS IS FULLY AND CONTEMPORANEOUSLY DOCUMENTED. The most recent compensation review took place on 12/19/18.
DOCUMENT AVAILABILITYFORM 990, PART VI, SECTION C, LINE 19 THE COLLEGES ANNUAL REPORT, THE CONFLICT OF INTEREST POLICY AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AND POSTED ON THE COLLEGES WEBSITE. NET ASSET CLASSIFICATION FORM 990, PART X, LINES 27-29 THE FASB ISSUED ACCOUNTING STANDARDS UPDATE (ASU) 2016-14 NOT-FOR-PROFIT ENTITIES (TOPIC 958), PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES, WHICH AMONG OTHER THINGS, CHANGES HOW NOT-FOR-PROFIT ENTITIES REPORT NET ASSET CLASSES. THE SIGNIFICANT REQUIREMENTS OF ASU 2016-14 INCLUDE REDUCTION IN THE NUMBER OF NET ASSET CLASSES FROM THREE TO TWO: WITH DONOR RESTRICTIONS (FORMERLY REPORTED AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS) AND WITHOUT DONOR RESTRICTIONS (FORMERLY REPORTED AS UNRESTRICTED NET ASSETS). THE 2018 FORM 990, PART X WAS NOT UPDATED TO REFLECT THE CHANGE IN NET ASSET CLASS TERMINOLOGY; THEREFORE, NEW YORK MEDICAL COLLEGE HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTION AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS, RESPECTIVELY.
OTHER CHANGES IN NET ASSETSFORM 990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST (73,894) POST RETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COSTS 379,997 ------------ TOTAL OTHER CHANGES IN NET ASSETS 306,103

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (17 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
Touro University
500 7TH AVENEW YORKNY10018133838740EDUCATIONCA501 (C)(3)2TOUROCOLLEGEYes (true)
NYMC LLC
500 7TH AVENEW YORKNY10018271481147MEMBER NYMCDE501 (C)(3)12A(I)TOUROCOLLEGEfalse
New York Medical College VEBA
BNY MELLON NA ONE WALL STREETNEW YORKNY10005133872638RETIREE BENEFNY501(C)(9)NAYes (true)
Touro University Nevada
500 7TH AVENEW YORKNY10018200363127EDUCATIONNV501 (C)(3)2TOUROCOLLEGEYes (true)
Touro University College of MedicineInc
500 7TH AVENEW YORKNY10018680646771EDUCATIONNJ501 (C)(3)2TOUROCOLLEGEYes (true)
Yeshivas OHR Hachaim
500 7TH AVENEW YORKNY10018112808947EDUCATIONNY501 (C)(3)2TOUROCOLLEGEYes (true)
Rabbi Dov Revel Yeshiva of Forest Hills
500 7TH AVENEW YORKNY10018111681674EDUCATIONNY501 (C)(3)2TOUROCOLLEGEYes (true)
Touro Law Center Development Foundation
500 7TH AVENEW YORKNY10018133922718SUPPORT ORGNY501 (C)(3)12A(I)TOUROCOLLEGEYes (true)
The Partnership For A Healthy Population
500 7TH AVENEW YORKNY10018134038939HEALTH STUDYNY501 (C)(3)7TOUROCOLLEGEYes (true)
Touro College Berlin GGMBH Berlin
EDUCATION501 (C)(3)TOUROCOLLEGEYes (true)AM RUPERHORN 4BERLINGM14055GM
Touro College
500 7TH AVENEW YORKNY10018132676570EDUCATIONNY501 (C)(3)2NAYes (true)
The Biotechnology Incubator At NYMC Inc
40 SUNSHINE COTTAGE ROADVALHALLANY10595471682208RESEARCHNY501 (C)(3)10NYMCYes (true)
Hebrew Theological College
7135 CARPENTER RDSKOKIEIL60077362167095EDUCATIONIL501 (C)(3)2TOUROCOLLEGEYes (true)
BARBARA AND WILLIAM ROSENTHAL FDN
388 GREENWICH STREET 19TH FLNEW YORKNY10013134148700GRANTMAKINGNY501(C)(3)PFNYMCYes (true)
SARAH C UPHAM CLINIC TRUST
10 S DEARBORN IL1-0111CHICAGOIL60603136035797grantmakingIL501(c)(3)pfnymcYes (true)
TOURO UNIVERSITY MEDICAL GROUP
1805 N CALIFORNIA ST STE 201STOCKTONCA95204843416009HEALTH CARECA501(c)(3)7TOURO UNI CAYes (true)
NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE
40 SUNSHINE COTTAGE RDVALHALLANY10595833709834HEALTH CARENY501(c)(3)10NYMCYes (true)

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
TOURO SPEECH & REHAB
27 WEST 23RD STREETNEW YORKNY10010134180235INACTIVENYNAC CorpYes (true)
TOURO FOUNDATION CORPORATION
27 WEST 23RD STREETNEW YORKNY10010134014618INACTIVENYNAC CorpYes (true)
TOURO UNIVERSITY FOUNDATION
27 WEST 23RD STREETNEW YORKNY10010943318585INACTIVECANAC CorpYes (true)
TOURO COLLEGE FND FOR JEWISH STUDIES
500 7TH AVENEW YORKNY10018133639225EDUCATIONNYNAC CORPYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgYes (true)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Sarah C Upham Clinic TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypesTransactionTypeTxt
Involved$364,000InvolvedAmt
Method Of Amount DeterminationcashMethodOfAmountDeterminationTxt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART VFormAndLineReferenceDesc
ExplanationTRANSACTIONS WITH RELATED ORGANIZATIONS UNDER IRC SECTIONS 512(B)(13) AND 318, ORGANIZATIONS CONTROLLED BY TOURO COLLEGE 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.ExplanationTxt

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