2018-05-14T10:02:01-05:00 2017-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2016-07-01 131099420 New York Medical College % GEORGE F NESTLER NEWY 9145944470 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 GEORGE F NESTLER ASSOC. VP/CONTROLLER 9145944470 2018-05-10 true MARY-EVELYN ANTONETTI P00431862 2127589700 2016 2022-09-23 18:48:47Z EDWARD C HALPERIN MD 40 SUNSHINE COTAGE ROAD VALHALLA NY 10595 199226572 false X WWW.NYMC.EDU X 1860 NY NEW YORK MEDICAL COLLEGE IS A HEALTH SCIENCES UNIVERSITY WHOSE PURPOSE IS TO EDUCATE PHYSICIANS, SCIENTISTS PUBLIC HEALTH SPECIALISTS AND OTHER HEALTHCARE PROFESSIONALS. 21 19 1205 1112 636409 3582965 4249326 112513433 112294085 1295947 3083978 1941345 3560093 119333690 123187482 3541286 5334280 0 0 89474323 86105607 0 0 1190338 36806488 34182349 129822097 125622236 -10488407 -2434754 331896208 329133532 157350144 152855372 174546064 176278160 X NEW 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) false false 70051784 4471438 80765437 Professional Education: Educate individuals for careers in medical, science and health professions. 25460712 27200617 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. 2538865 4918316 Auxiliary: Provide numerous clinical health care and medical training programs to expand our students' clinical training. 98051361 true true false true false false false false true true true true false false true true true true true false true false false false true false false true true true true false false false false false false false true true false false false false false false true false false false true 371 0 true 1205 true true true false false false false true true false false false false false false X 21 19 false false false false true true true true true false false true true true true true true true true false X GEORGE F NESTLER 9145944470 40 SUNSHINE COTTAGE ROAD Valhalla NY 10595 Mark Hasten Trustee 0.65 0.0 X 0 0 0 Alan Kadish Trustee 0.69 39.31 X X 0 707840 195680 Joseph Mark TRUSTEE 0.31 0.0 X 0 0 0 Henry Saphier TRUSTEE 0.42 0.0 X 0 0 0 Rosalyn Esther Stahl TRUSTEE 0.35 0.0 X 0 0 0 Joseph Schwartz TRUSTEE 0.23 0.0 X 0 0 0 Eliot Peyser Trustee 0.23 0.0 X 0 0 0 Ronald Poe Trustee 0.54 0.0 X 0 0 0 Stephen Rosenberg Trustee 0.04 0.0 X 0 0 0 Robert Alter TRUSTEE 0.38 0.0 X 0 0 0 Howard Baruch TRUSTEE 0.31 0.0 X 0 0 0 Ben Chouake TRUSTEE 0.42 0.0 X 0 0 0 Munr Kazmir TRUSTEE 0.04 0.0 X 0 0 0 Stephen Nicholas TRUSTEE 0.04 0.0 X 0 0 0 Martin Oliner TRUSTEE 0.12 0.0 X 0 0 0 Moshe Lichtenstein TRUSTEE 0.42 0.0 X 0 0 0 Dee DelBello TRUSTEE 0.15 0.0 X 0 0 0 Rabbi Menachem Genack TRUSTEE 0.27 0.0 X 0 78335 243 Gary Gettenberg TRUSTEE 0.0 0.0 X 0 0 0 Joseph Popack TRUSTEE 0.31 0.0 X 0 0 0 Gart Barnett Trustee 0.0 0.0 X 0 0 0 Edward C Halperin Chancellor of Health Aff & CEO 35.0 0.0 X 618593 0 51740 GEORGE F NESTLER Associate V.P. & Controller 35.0 0.0 X 164048 0 65032 Francis L Belloni Dean Grad. School Basic Med. 35.0 0.0 X 205855 0 57410 Waldemar A Comas GENERAL COUNSEL Thru 12/31/16 35.0 0.0 X 280984 0 62476 Robert W Amler Dean SHSP 35.0 0.0 X 370844 0 28550 Dana H Lee Assoc. VP Legal thru 7/1/16 35.0 0.0 X 95499 0 21726 Jennifer Riekert VP of Communications 35.0 0.0 X 149496 0 12609 D Douglas Miller Dean School of Medicine 35.0 0.0 X 551231 0 50020 Michael Rogovin VP of Operations 35.0 0.0 X 164197 0 54923 Adam D Hammerman VP for Financial Operations 35.0 0.0 X 195274 0 56328 Amy Kahn VP Development 35.0 0.0 X 208659 0 59170 NICHOLAS JANIGA Asst. Secretary EFF. 6/20/17 35.0 0.0 X 0 0 0 David Raab Executive VP Eff. 12/21/16 10.0 25.0 X 290367 32940 26095 Michael Newman Secretary EFF. 12/21/16 0.5 34.5 X 0 197720 69041 David Asprinio Chairman 35.0 0.0 X 555058 0 75195 Raj Murali CHAIRMAN 35.0 0.0 X 488946 0 51634 Renee Garrick Chief Medical Officer 35.0 0.0 X 488658 0 73223 Michael Gewitz Director 35.0 0.0 X 463037 0 56935 Mitchell Cairo Professor 35.0 0.0 X 491828 0 64030 William A Steadman II Sr. Associate Dean Thru 1/1/16 0.0 0.0 X 253769 0 33420 6036343 1016835 1165480 197 true true false Pavarini North East Construction 30 OAK STREET STAMFORD CT 06905 CONSTRUCTION 7107920 Elsevier Inc PO BOX 9555 NEW YORK NY 10087 ONLINE BOOKS 1305098 NUA CONSTRUCTION CORPORATION 750 SAW MILL RIVER ROAD ARDSLEY NY 10502 CONSTRUCTION 871486 Lucadamo and Sons Inc 215 S 13TH STREET MT VERNON NY 10550 CONSTRUCTION 846925 TRANE US INC PO BOX 406469 ATLANTA GA 30384 CAPITAL PROJECTS 731727 44 324400 236560 3688366 5616 4249326 TUITION AND FEES 611310 60141094 60141094 AFFILIATION FEES 611310 20703798 20703798 RESEARCH & SPONSORED PROJECTS 611310 20034058 20034058 FACULTY PRACTICE PLANS 611310 6496819 6496819 AUXILIARY ENTERPRISES 611310 4918316 4918316 112294085 953186 257827 -41548 736907 378719 378719 0 4218805 2318255 1900550 0 1900550 210660 1689890 75363447 73611374 1752073 1752073 1752073 65670 324400 109461 -43791 -43791 0 0 0 0 0 0 COMPARATIVE MEDICINE 611310 799755 332458 467297 OTHER REVENUE 611310 903579 903579 1703334 123187482 112884370 636409 5417377 862842 862842 4469438 4469438 2000 2000 0 3153918 1140446 1783972 229500 69871 69871 64511206 55672791 8489562 348853 4647024 4050333 560285 36406 9552441 7377549 2076566 98326 4171147 3478179 651383 41585 265917 265917 241217 241217 240483 240483 67451 67451 0 189197 189197 3647070 2555650 1074851 16569 584121 514896 69225 470649 217322 248766 4561 727510 204486 484232 38792 0 5950285 1077334 4862200 10751 790399 730510 47882 12007 0 203818 179218 22405 2195 4465654 4000170 465484 0 9215086 6229256 2985830 872126 68075 804051 SUPPLIES 3213660 3185938 23857 3865 PRINTING AND POSTAGE 366989 263783 34249 68957 RENTAL OF EQUIPMENT 283200 176684 96829 9687 OTHER EXPENSES 2387517 2109357 79101 199059 125622236 98051361 26380537 1190338 18040 21640 33867274 29975453 10433195 8936539 8464245 5807295 0 0 0 0 10291852 9609075 114286 114286 920204 1386236 226131567 48699176 175665976 177432391 0 0 81729690 85574914 0 0 10200000 10200000 191446 75703 331896208 329133532 28828081 26900472 0 0 12420203 14321746 49052384 49390969 2345635 2218702 0 0 20750000 19500000 0 0 43953841 40523483 157350144 152855372 X 118298340 116107592 19024229 20710624 37223495 39459944 174546064 176278160 331896208 329133532 X -2434754 3690384 -141630 618096 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 67451 false false 67451 false SCHEDULE C, PART II-B, LINE 1 NEW YORK MEDICAL COLLEGE RETAINED THE LAW FIRM OF HINMAN STRAUB, 121 STATE STREET, ALBANY, NEW YORK. CONSIDERATION of $67,451 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 COLLEGES 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. false true X 62771921 986954 4806356 2276230 4219 66284782 66345921 288000 -1125000 2593000 144000 62771921 63114921 4571000 1102000 2340000 102000 66345921 55546921 1399000 8635722 2349000 117722 63114921 51132921 1780000 4778000 2024183 119817 55546921 0.42830 0.30500 0.26670 false false 23799957 23799957 163234827 29737869 133496958 390466 169983 220483 21624840 11706694 9918146 17081477 7084630 9996847 177432391 STIFEL NICHOLAS INVESTMENT ACC 69444367 F BENEFICIAL INTEREST TRUSTS 12081213 F COMMONFUND 3166002 F REAL ESTATE INVESTMENTS 491785 F PARTNERSHIP INVESTMENTS 166817 F INVESTMENTS HELD BY COLLEGE 120710 F GIFT ANNUITY 104020 85574914 0 TAXABLE BONDS 32140411 REFUNDABLE FEDERAL STUDENT LOANS 8159851 OTHER LIABILITIES 223221 40523483 X 126264336 3690384 4047105 7737489 118526847 189197 4471438 4660635 123187482 124063489 3101888 3101888 120961601 189197 4471438 4660635 125622236 SCHEDULE D, PART IV, LINE 2B AMOUNTS 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, 2017, 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 2,318,254 Change in fair value of beneficial interest in perpetual trust 1,074,585 Revenue from consolidated organization 544,804 SPECIAL EVENT EXPENSES 109,461 -------------- 4,047,105 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS 4,102,682 TUITION REMISSION 368,756 ---------------- 4,471,438 SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSES 2,318,254 Postretirement-related changes OTHER THAN NET PERIODIC BENEFIT COSTS 456,489 SPECIAL EVENT EXPENSES 109,461 Expenses from consolidated organization 217,683 --------------- 3,101,887 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS 4,102,682 TUITION REMISSION 368,756 ---------------- 4,471,438 true true true true true true true false false false false false false false false true false true Form 990, Schedule E, Part II 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 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. false Central America and the Caribbean Investments 1008927 1008927 1008927 true false true true true true Schedule F, Part I, Line 3 THE INVESTMENTS LISTED ON PART I ARE REPORTED AT FAIR MARKET VALUE. FOUNDERS DINNER 390070 324400 65670 25459 35547 48457 0 390070 324400 65670 25459 35547 48457 109463 -43793 true Open Door Family Medical Center 165 Main Street Ossining NY 10562 132813103 501(c)(3) 577603 RESEARCH University of Texas Southwestern 5323 HARRY HINES BLVD DALLAS TX 75390 756002868 TEXAS 68984 RESEARCH TOURO UNIVERSITY 1310 CLUB DRIVE VALLEJO CA 94592 133838740 501(c)(3) 48726 RESEARCH PHELPS FAMILY MED RESIDENCY 701 NORTH BROADWAY SLEEPY HOLLOW NY 10591 131725076 501(c)(3) 47734 RESEARCH THE REGENTS OF THE UNIVERSITY OF CA 1855 FOLSPM ST SAN FRANCISCO CA 94143 946036493 CALIFORNIA 29674 RESEARCH UNIVERSITY OF MARYLAND BALTIMORE 8701 WATERTOWN PLANK RD BALTIMORE MD 21201 526002033 MARYLAND 25277 RESEARCH MEDICAL COLLEGE OF WISCONSIN 685 W BALTIMORE ST 8701 WATERTOWN PLANK RD MILWAUKEE WI 53226 390806261 501(C)(3) 22999 RESEARCH UNIVERSITY OF WASHINGTON 407 GERBERDING HALL SEATTLE WA 981951210 916001537 WASHINGTON 15836 RESEARCH ANN & ROBERT LURIE CHILDREN'S HOSP OF CHICAGO 225 E CHICAGO AVE CHICAGO IL 60611 362170833 501(c)(3) 14207 RESEARCH RESEARCH UNIVERSITY OF MASSACHUSETTS MATHER CAREER CENTER AMHERST MA 01033 043167352 MASSACHUSETTS 10000 RESEARCH 10 SCHOLARSHIPS & GRANTS 396 4469438 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE AWARDED BASED ON MERIT. 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 X X false false false false false false false false false Edward C Halperin Chancellor of Health Aff & CEO 598613 0 0 0 19980 0 24000 0 27740 0 670333 0 0 0 GEORGE F NESTLER Associate V.P. & Controller 162020 0 0 0 2028 0 20177 0 44855 0 229080 0 0 0 Francis L Belloni Dean Grad. School Basic Med. 203239 0 0 0 2616 0 26168 0 31242 0 263265 0 0 0 Waldemar A Comas GENERAL COUNSEL Thru 12/31/16 270298 0 0 0 10686 0 33825 0 28651 0 343460 0 0 0 William A Steadman II Sr. Associate Dean Thru 1/1/16 216532 0 0 0 37237 0 32099 0 1321 0 287189 0 0 0 Robert W Amler Dean SHSP 351447 0 0 0 19397 0 25575 0 2975 0 399394 0 0 Jennifer Riekert VP of Communications 149385 0 0 0 111 0 11435 0 1174 0 162105 0 0 0 D Douglas Miller Dean School of Medicine 549251 0 0 0 1980 0 25046 0 24974 0 601251 0 0 0 Michael Rogovin VP of Operations 163544 0 0 0 653 0 14413 0 40510 0 219120 0 0 0 Adam D Hammerman VP for Financial Operations 194968 0 0 0 306 0 18067 0 38261 0 251602 0 0 0 Amy Kahn VP Development 207833 0 0 0 826 0 18446 0 40724 0 267829 0 0 0 David Asprinio Chairman 533768 0 0 0 21290 0 33825 0 41370 0 630253 0 0 0 Raj Murali CHAIRMAN 464766 0 0 0 24180 0 25575 0 26059 0 540580 0 0 0 Renee Garrick Chief Medical Officer 473071 0 0 0 15587 0 33825 0 39398 0 561881 0 0 0 Michael Gewitz Director 458543 0 0 0 4494 0 33825 0 23110 0 519972 0 0 0 Mitchell Cairo Professor 470018 0 0 0 21810 0 25266 0 38764 0 555858 0 0 0 Alan Kadish Trustee 707840 0 0 24842 170838 903520 0 David Raab Executive VP Eff. 12/21/16 290367 32940 25161 934 316462 32940 0 Michael Newman Secretary EFF. 12/21/16 0 197720 0 0 0 0 0 11003 0 58038 0 266761 0 0 A Dormitory Authority of the State of New York 2014A 146000293 649907M82 2014-06-26 59716460 Construct. & Real Estate Purchase false false true A 0 0 48338203 3341872 3932790 0 900851 0 0 40162690 0 0 false false true true A false false true true false 0 false false false true A false true false false false false 0 false 0 false true A true PART I, LINE I This 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 5 THE 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. SUBSTANTIAL CONTRIBUTOR 26 Affiliated Teaching Hospital 19014174 AFFILIATION FEES false SUBSTANTIAL CONTRIBUTOR 41 Tax Deferred Annuity Plan 780282 EMPLOYER CONTRIBUTION false SUBSTANTIAL CONTRIBUTOR 47 AFFILIATED HOSPITAL 295213 AFFILIATION FEES false SUBSTANTIAL CONTRIBUTOR 53 EXTENAL AUDITOR 219890 AUDITING FEES false Kristen Nestler OFFICER'S DAUGHTER 64575 EMPLOYEE AT THE COLLEGE false FORM 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. 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 COLLEGES 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 CORPORATIONS 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 ASSOCIATE VICE PRESIDENT AND CONTROLLER, VICE PRESIDENT FOR FINANCIAL OPERATIONS AND GENERAL COUNSEL AND SUBMITTED TO AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. COPIES OF THIS RETURN WERE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES BEFORE THE FORM WAS FILED. 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. FORM 990, PART VI, SECTION B LINE 15 LINES 15A AND 15B NEW YORK MEDICAL COLLEGES 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 FORM 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. THE REVIEW AND APPROVAL PROCESS IS FULLY AND CONTEMPORANEOUSLY DOCUMENTED. FORM 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. Form 990, Part XI, Line 9 Change in fair value of beneficial interest in perpetual trust 1,074,585 Postretirement-related changes OTHER THAN NET PERIODIC BENEFIT COSTS -456,489 ------------------ Total Other Changes in Net Assets 618,096 TOURO UNIVERSITY 500 7TH AVENUE NEW YORK NY 10018 133838740 EDUCATION CA 501(C)(3) 2 TOUROCOLLEGE true NYMC LLC 500 7TH AVENUE NEW YORK NY 10010 271481147 HOLDING COMP. DE 501(C)(3) 12B NA false NEW YORK MEDICAL COLLEGE VEBA BNY MELLON NA ONE WALL STREET 12TH NEW YORK NY 10005 133872638 RETIREE BENEF NY 501(C)(9) NA true TOURO UNIVERSITY NEVADA 500 7TH AVENUE NEW YORK NY 10018 200363127 EDUCATION NV 501(C)(3) 2 TOUROCOLLEGE true TOURO COLLEGE AND UNIVERSITY SYSTEM INC 500 7TH AVENUE NEW YORK NY 10018 680646771 EDUCATION NJ 501(C)(3) 2 TOUROCOLLEGE true YESHIVAS OHR HACHAIM 500 7TH AVENUE NEW YORK NY 10018 112808947 EDUCATION NY 501(C)(3) 2 TOUROCOLLEGE true RABBI DOV REVEL YESHIVA OF FOREST HILLS 500 7TH AVENUE NEW YORK NY 10018 111681674 EDUCATION NY 501(C)(3) 2 TOUROCOLLEGE true TOURO LAW CENTER DEVELOPMENT FOUNDATION 500 7TH AVENUE NEW YORK NY 10018 133922718 EDUCATION NY 501(C)(3) 12A(I) TOUROCOLLEGE true TOURO COLLEGE FND FOR JEWISH STUDIES 500 7TH AVENUE NEW YORK NY 10018 133629225 EDUCATION NY 501(C)(3) 12A(I) TOUROCOLLEGE true THE PARTNERSHIP FOR A HEALTHY POPULATION 500 7TH AVENUE NEW YORK NY 10018 134028993 HEALTH STUDY NY 501(C)(3) 4 TOUROCOLLEGE true TOURO COLLEGE BERLIN GGMBH BERLIN AM RUPERHORN 4 BERLIN GM 14055 EDUCATIONAL GM 501(C)(3) TOUROCOLLEGE true TOURO COLLEGE 500 7TH AVENUE NEW YORK NY 10018 132676570 EDUCATION NY 501(C)(3) 2 NA false THE BIOTECHNOLOGY INCUBATOR AT NYMC INC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 471682208 INCUBATOR NY 501(C)(3) 10 NA false HEBREW THEOLOGICAL COLLEGE 7135 CARPENTER RD SKOKIE IL 60077 362167095 EDUCATIONAL IL 501(C)(3) 2 TOUROCOLLEGE true SARAH C UPHAM CLINIC TRUST 270 PARK AVENUE NEW YORK NY 100172014 136035797 PATIENT CARE NY NA T true BARBARA AND WILLIAM ROSENTHAL FDN ONE COURT SQUARE LONG ISLAND CITY NY 11120 226753977 PATIENT CARE NY NA T true TOURO SPEECH AND REHAB 500 7TH AVENUE NEW YORK NY 134180235 134180235 INACTIVE NY NA C true TOURO FOUNDATION CORPORATION 500 7TH AVENUE NEW YORK NY 134014618 134014618 INACTIVE NY NA C true TOURO UNIVERSITY FOUNDATION 500 7TH AVENUE NEW YORK NY 10018 943318585 INACTIVE CA NA C true false false false false false false false false false false false false false true true true false true SARAH C UPHAM CLINIC TRUST S 416000 CASH