2013-05-13T17:26:32-05:00 2012-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-07-01 133036302 BRAMSON ORT COLLEGE BRAM 7182687110 69-30 AUSTIN STREET FOREST HILLS NY 11375 DR EPHRAIM BUHKS 7182687110 2013-05-13 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-24 21:20:13Z DR EPHRAIM BUHKS 69-30 AUSTIN STREET FOREST HILLS NY 11375 12540216 0 X BRAMSONORT.ORG X 1979 NY TO OPERATE A TWO-YEAR COLLEGE THAT PROVIDES ADVANCED TECHNOLOGICAL AND BUSINESS TRAINING. 14 14 360 14 0 0 432187 461166 12047006 11657638 16152 93737 230037 108319 12725382 12320860 1652245 1680370 0 0 5357066 5875305 0 0 0 4004113 3977162 11013424 11532837 1711958 788023 18360042 18726797 10534663 10602942 7825379 8123855 PROVIDES QUALITY TECHNICAL POST SECONDARY EDUCATION AND MEETS THE EDUCATIONAL AND CAREER NEEDS OF THE NEW YORK COMMUNITY. 0 0 8402240 1680370 11657638 PROVIDES EDUCATION TO 1,017 STUDENTS IN THE AREAS OF ACCOUNTING, BUSINESS MANAGEMENT, COMPUTER TECHNOLOGY, ELECTRONICS TECHNOLOGY, MEDICAL AND NATURAL SCIENCES, INCLUDING PHARMACY SCIENCE AND OFFICE TECHNOLOGY. 8402240 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 360 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X DENIS KOLJENOVIC 7182687110 69-30 AUSTIN STREET FOREST HILLS NY 11375 LYNN LEEB 5.00 X X 0 0 0 RACHEL ROSIN 5.00 X X 0 0 0 CAROL SCHRAGER 5.00 X X 0 0 0 SANDY CHUMSKY 5.00 X X 0 0 0 PARVINE MOTAMED 1.00 X X 0 0 0 MURRAY KOPPELMAN 1.00 X X 0 0 0 HERBERT ACKERMAN 1.00 X 0 0 0 LOUIS BRAUSE 1.00 X 0 0 0 RUTH EISENBERG-MOSKOWITZ 1.00 X 0 0 0 KAY FREEMAN 1.00 X 0 0 0 RUTH GOODGOLD 1.00 X 0 0 0 JUDY MENIKOFF 1.00 X 0 0 0 JEFFREY S MITZNER 1.00 X 0 0 0 JACOB SALOMON 1.00 X 0 0 0 EPHRAIM BUHKS PHD 17.50 X 78675 0 8251 MARY RICKEY 17.50 X 36113 0 6368 114788 0 14619 0 0 0 1 DOUGHERTY CLIFFORD & WADSWORTH 895 MARCONI AVE RONKONKOMA NY 11779 ADVERTISING 460358 US ORT OPERATIONS 69-30 AUSTIN STREET FOREST HILLS NY 11375 MANAGEMENT 334375 GOLDEN MAINTENANCE 42-41 155 STREET FLUSHING NY 11355 MAINTENANCE SERVICES 137962 COMMAND SECURITY PO BOX 823415 PHILADELPHIA PA 19182 SECURITY 137712 4 262036 199130 461166 TUITION AND FEES 611710 11657638 11657638 11657638 92141 92141 307521 204996 102525 102525 102525 15956 14360 1596 1596 1596 MISCELLANEOUS 900099 5794 5794 5794 12320860 11657638 0 202056 1680370 1680370 5076500 4634346 442154 15527 14174 1353 321480 293466 28014 461798 421557 40241 372500 10000 362500 33926 33926 47400 47400 103294 37179 66115 785539 785539 423300 71443 351857 828561 646841 181720 46866 40033 6833 365651 365651 436857 390872 45985 181082 141582 39500 BAD DEBT EXPENSE 266696 266696 GRADUATION EXPENSES 20377 20377 65113 65113 11532837 8402240 3130597 0 540178 894135 3181218 3122690 598108 722141 3140196 3364059 330402 321438 14758295 4455961 10569940 10302334 18360042 18726797 238909 272708 2275632 2142257 7348562 7200727 671560 987250 10534663 10602942 X 7775379 8123855 50000 0 7825379 8123855 18360042 18726797 X 788023 -489547 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 700000 700000 11118611 2040927 9077684 220305 220305 0 2481136 2056646 424490 238243 138083 100160 10302334 SECURITY DEPOSITS 59448 DUE TO GOVERNMENT AGENCY 117942 SWAP AGREEMENT 809860 987250 12320860 11532837 788023 -489547 -489547 298476 10859846 219356 219356 10640490 1680370 1680370 12320860 10071823 219356 219356 9852467 1680370 1680370 11532837 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2009 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT -489,547. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 204,996. COST OF GOODS SOLD 14,360. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,680,370. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 204,996. COST OF GOODS SOLD 14,360. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,680,370. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 IT IS WRITTEN IN THEIR SCHOOL CATALOG, STUDENT HANDBOOK, EMPLOYEE APPLICATIONS, AND IN THEIR ADS IN THE DAILY NEWS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE IS PROVIDED FOR THE PURPOSES OF TUITION ASSISTANCE AND CAPITAL EXPENDITURES. 1 FINANCIAL AID 402 1680370 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID OFFICE PROCESSES FINANCIAL AID REQUESTS. AFTER THEY HAVE BEEN APPROVED, THEY INFORM THE ACCOUNTING OFFICE WHO DRAWS DOWN THE FUNDS. THE FUNDS ARE APPLIED AGAINST STUDENT TUITION BALANCES. 0 0 0 0 0 0 0 0 0 EPHRAIM BUHKS PHD 62675 0 5000 0 11000 0 4800 0 3451 0 86926 0 0 0 MARY RICKEY 33613 0 2500 0 0 0 1189 0 5179 0 42481 0 0 0 SUPPLEMENTAL INFORMATION PART III US ORT OPERATIONS, AN UNRELATED ORGANIZATION, COMPENSATED EPHRAIM BUHKS FOR THE 17.5 HOURS A WEEK HE SERVICED BRAMSON ORT AS DIRECTOR. US ORT ALSO COMPENSATED MARY RICKEY FOR THE 17.5 HOURS A WEEK THAT SHE SERVICED BRAMSON ORT AS CONTROLLER. FORM 990, PART VI, SECTION A, LINE 3 DR. EPHRAIM BUHKS, DIRECTOR, AND MARY RICKEY, CONTROLLER, ARE EMPLOYED BY US ORT OPERATIONS, AN ENTITY TO WHICH THE SCHOOL DELEGATED THE DAY TO DAY MANAGEMENT, EDUCATIONAL AND ADMINISTRATIVE FUNCTIONS. BOTH OF THESE INDIVIDUALS REPORT TO THE BOARD OF TRUSTEES OF BRAMSON ORT COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED BY THE DIRECTOR AND CONTROLLER OF BRAMSON, AS WELL AS BY THE CHAIRMAN AND TREASURER. A COPY OF THE 990 WAS SENT TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS AND GIVEN TO THE DIRECTOR. THOSE FOUND TO HAVE A CONFLICT OF INTEREST REGARDING SOME MATTER(S) CANNOT VOTE REGARDING THAT MATTER. THOSE INDIVIDUALS MAY OR MAY NOT BE ALLOWED TO PARTICIPATE IN DISCUSSIONS REGARDING THAT MATTER, AS THE BOARD SEES FIT DEPENDING ON CIRCUMSTANCES. FORM 990, PART VI, SECTION C, LINE 19 BRAMSON ORT MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN VALUE OF SWAP AGREEMENT -489,547. TOTAL TO FORM 990, PART XI, LINE 5: -489,547. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.