NEW YORK MEDICAL COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK MEDICAL COLLEGE (EIN 13-1099420)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201301349349304145
- Schema version
- 2011v1.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T09:51:00-07:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131099420 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK MEDICAL COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWY | NameControl |
| Phone | 9145944470 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 Sunshine Cottage Road | AddressLine1 |
| City | VALHALLA | City |
| State | NY | State |
| ZIP Code | 10595 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | George Nestler | Name |
| Title | Assoc. VP & Controller | Title |
| Phone | 9145944470 | Phone |
| Date Signed | 2013-05-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Edward C Halperin MD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 Sunshine Cottage Road | AddressLine1 |
| City | Valhalla | City |
| State | NY | State |
| ZIP Code | 10595 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 176007536 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.nymc.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1860 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | New York Medical College educates physicians, scientists and healthcare professionals and conducts research. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1769 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 730917 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 401287 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 33145637 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2931389 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 204538651 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 135923185 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4515236 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2669440 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3640704 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3840741 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 245840228 | TotalRevenuePriorYear |
| Total Revenue Current Year | 145364755 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3718044 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5142805 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 162540210 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 110540123 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 861158 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 47081250 | OtherExpensePriorYear |
| Other Expenses Current Year | 33185534 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 213339504 | TotalExpensesPriorYear |
| Total Expenses Current Year | 148868462 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 32500724 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3503707 | RevenuesLessExpensesCY |
| Total Assets BOY | 315709165 | TotalAssetsBOY |
| Total Assets EOY | 289986984 | TotalAssetsEOY |
| Total Liabilities BOY | 132951237 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 105522439 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 182757928 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 184464545 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | New York Medical College educates physicians, scientists and healthcare professionals and conducts research. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 50506038 | Expense |
| Grants | 0 | Grants |
| Revenue | 55409348 | Revenue |
| Description | Professional Education: Educating individuals for careers in the medical, science and health professions. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 45291352 | Expense |
| Grants | 727904 | Grants |
| Revenue | 51981151 | Revenue |
| Description | Health Care Programs: Numerous health care and medical training programs. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 26758582 | Expense |
| Grants | 0 | Grants |
| Revenue | 27480568 | Revenue |
| Description | Under contract with Westchester Medical Center and other metropolitan area hospitals, physicians are supplied for supervision, teaching and administration in support of various residency programs. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4414901 | Expense |
| Grants | 4414901 | Grants |
| Revenue | 3621008 | Revenue |
| Description | Scholarship and student loan programs: Scholarships are awarded based on merit. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 4414901 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 4414901 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 3621008 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 126970873 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 387 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1769 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | George F Nestler | NamePerson |
| Telephone Number | 9145944470 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 Sunshine Cottage Road | AddressLine1 |
| City | Valhalla | City |
| State | NY | State |
| ZIP Code | 10595 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (39 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Dr Mark Hasten | |||||||
| Chairman of the Board | 1.38 | X | X | 0 | 0 | 0 | |
| Alan Kadish MD | |||||||
| Trustee and President | 8.35 | X | X | 0 | 491356 | 101841 | |
| Gary Barnett | |||||||
| Trustee | 0 | X | 0 | 0 | 0 | ||
| Howard Baruch MD | |||||||
| Trustee | 0.35 | X | 0 | 0 | 0 | ||
| Ben Chouake MD | |||||||
| Trustee | 0.65 | X | 0 | 0 | 0 | ||
| Rabbi Menachem Genack | |||||||
| Trustee | 0.19 | X | 0 | 70158 | 2377 | ||
| Michael D Israel MPH | |||||||
| Trustee | 0.12 | X | 0 | 0 | 0 | ||
| Michael Karfunkel | |||||||
| Trustee | 0 | X | 0 | 0 | 0 | ||
| Joseph Levine MD | |||||||
| Trustee | 0.08 | X | 0 | 0 | 0 | ||
| Mrs Shifra Lichtenstein | |||||||
| Trustee | 0.12 | X | 0 | 0 | 0 | ||
| Dr Joseph Mark | |||||||
| Trustee | 0.37 | X | 0 | 0 | 0 | ||
| Martin Oliner Esq | |||||||
| Trustee | 0.23 | X | 0 | 0 | 0 | ||
| Raymond M Planell Esq | |||||||
| Trustee | 0.46 | X | 0 | 0 | 0 | ||
| Ronald F Poe | |||||||
| Trustee | 0.77 | X | 0 | 0 | 0 | ||
| Stephen Rosenberg | |||||||
| Trustee | 0.31 | X | 0 | 0 | 0 | ||
| Maureen L Roxe | |||||||
| Trustee | 0.42 | X | 0 | 0 | 0 | ||
| Senator John Sampson | |||||||
| Trustee | 0.27 | X | 0 | 0 | 0 | ||
| Gary Gettenberg MD | |||||||
| Trustee | 0.08 | X | 0 | 0 | 0 | ||
| Herman Badillo Esq | |||||||
| Trustee Ended Dec 2011 | 0 | X | 0 | 0 | 0 | ||
| Morton J Kleiner MD 74 | |||||||
| Trustee Ended Dec 2011 | 0 | X | 0 | 0 | 0 | ||
| Karl P Adler | |||||||
| Chief Executive Officer | 35 | X | 519097 | 0 | 49430 | ||
| Edward Halperin MD | |||||||
| Chancellor Started May 2012 | 35 | X | 113362 | 0 | 9989 | ||
| Ralph OConnell | |||||||
| Dean and Provost, Medical School | 35 | X | 508501 | 0 | 48348 | ||
| Robert W Amler | |||||||
| Dean, SHSP & VP Gov't Affairs | 35 | X | 362011 | 0 | 27637 | ||
| Stephen Piccolo Jr | |||||||
| Senior VP, CFO and Vice Provost | 35 | X | 297369 | 0 | 42003 | ||
| Waldemar A Comas | |||||||
| Vice President and General Counsel | 35 | X | 278911 | 0 | 29767 | ||
| William Steadman | |||||||
| Vice President Strategic Planning | 35 | X | 258924 | 0 | 52338 | ||
| Francis L Belloni | |||||||
| Dean, Graduate School of Basic Medical Sciences | 35 | X | 208368 | 0 | 40729 | ||
| Julie Kubaska | |||||||
| Vice President, Developement | 35 | X | 188439 | 0 | 24669 | ||
| Peter M Brown | |||||||
| Associate Vice President, Human Resources | 35 | X | 175262 | 0 | 30491 | ||
| George F Nestler | |||||||
| Associate VP and Controller | 35 | X | 169349 | 0 | 40708 | ||
| Dana Lee | |||||||
| Associate VP Legal Affairs | 35 | X | 159387 | 0 | 21732 | ||
| Donna Moriarty | |||||||
| Associate Vice President Public Relations | 35 | X | 129502 | 0 | 30965 | ||
| Diane Demling | |||||||
| Director of Advancement Services | 35 | X | 113932 | 0 | 16104 | ||
| David Asprinio | |||||||
| Chairman Orthopedic Surgery | 35 | 593991 | 0 | 47127 | X | ||
| Raj Murali | |||||||
| Chairman Neurosurgery | 35 | 504330 | 0 | 40666 | X | ||
| Michael Gewitz | |||||||
| Vice Chairman Pediatrics | 35 | 462527 | 0 | 44291 | X | ||
| William Frishman | |||||||
| Chairman Medicine | 35 | 583322 | 0 | 42944 | X | ||
| Renee Garrick | |||||||
| Chief Medical Officer | 35 | 435471 | 0 | 52333 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 6062055 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 561514 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 796489 | TotalOtherCompensation |
| Number Individuals GT100 K | 257 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NYC Health & Hospitals Corporation | |||||
| 1901 First Avenue | New York | NY | 10029 | Health Care Delivery | 1080710 |
| ABM Janitorial Services | |||||
| PO Box 1534 | New York | NY | 10008 | Janitorial Services | 724113 |
| PriceWaterhouseCoopers | |||||
| PO Box 7247-8001 | Philadelphia | PA | 19170 | Auditing | 627400 |
| North American Partners in Anesthesia LLP | |||||
| 66 Powerhouse Road - 3rd Floor | Roslyn Heights | NY | 11577 | Health Care Professional | 600000 |
| Culinart Inc | |||||
| 175 Sunn | Plainview | NY | 11803 | Food Catering | 500150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 35 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 370475 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 249316 | GovernmentGrants |
| All Other Contributions | 2311598 | AllOtherContributions |
| Noncash Contributions | 0 | NoncashContributions |
| Total Contributions | 2931389 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Research and Sponsored Programs | 611310 | 26257444 | 25855351 | 402093 | $0 |
| Tuition and Fees | 611310 | 51527603 | 51527603 | 0 | $0 |
| Faculty Practice Plans | 611310 | 13987199 | 13987199 | 0 | $0 |
| Auxiliary Enterprise | 611310 | 4487160 | 4487160 | 0 | $0 |
| Affiliation Fees | 611310 | 39663779 | 39663779 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 135923185 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1743572 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,743,572 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1181850 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 285185 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 896665 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 896665 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 328824 | UnrelatedBusinessRevenue |
| Exclusion | $567,841 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 31198957 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 30273089 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 925868 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 925868 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $925,868 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 57600 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 370475 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 84507 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -26907 | TotalRevenueColumn |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$26,907 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Faculty Practice Dues | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 1075562 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1075562 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1895421 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1895421 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2970983 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 145364755 | TotalRevenueColumn |
| Related Or Exempt Function Income | 138492075 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 730917 | UnrelatedBusinessRevenue |
| Exclusion | $3,210,374 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 727904 | Total |
| Program Services | 727904 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4414901 | Total |
| Program Services | 4414901 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3693935 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3480828 | ManagementAndGeneral |
| Fundraising | 213107 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84015162 | Total |
| Program Services | 75326862 | ProgramServices |
| Management And General | 8444533 | ManagementAndGeneral |
| Fundraising | 243767 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6332178 | Total |
| Program Services | 5626690 | ProgramServices |
| Management And General | 697507 | ManagementAndGeneral |
| Fundraising | 7981 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10950651 | Total |
| Program Services | 9444044 | ProgramServices |
| Management And General | 1456446 | ManagementAndGeneral |
| Fundraising | 50161 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5548197 | Total |
| Program Services | 4720628 | ProgramServices |
| Management And General | 801630 | ManagementAndGeneral |
| Fundraising | 25939 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 220331 | Total |
| Program Services | 32988 | ProgramServices |
| Management And General | 187343 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 618867 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 618867 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161217 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 161217 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 236129 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 236129 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2051666 | Total |
| Program Services | 1452167 | ProgramServices |
| Management And General | 598400 | ManagementAndGeneral |
| Fundraising | 1099 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5232892 | Total |
| Program Services | 4396541 | ProgramServices |
| Management And General | 694852 | ManagementAndGeneral |
| Fundraising | 141499 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 418234 | Total |
| Program Services | 8469 | ProgramServices |
| Management And General | 409765 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6103066 | Total |
| Program Services | 5326240 | ProgramServices |
| Management And General | 756743 | ManagementAndGeneral |
| Fundraising | 20083 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 804722 | Total |
| Program Services | 700409 | ProgramServices |
| Management And General | 101156 | ManagementAndGeneral |
| Fundraising | 3157 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144080 | Total |
| Program Services | 97996 | ProgramServices |
| Management And General | 37197 | ManagementAndGeneral |
| Fundraising | 8887 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2673714 | Total |
| Program Services | 2512171 | ProgramServices |
| Management And General | 161543 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6453180 | Total |
| Program Services | 5487956 | ProgramServices |
| Management And General | 880000 | ManagementAndGeneral |
| Fundraising | 85224 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 999449 | Total |
| Program Services | 170589 | ProgramServices |
| Management And General | 828860 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Purchased Services | 2427319 | 2130306 | 275523 | 21490 |
| Sponsored Programs & Miscellaneous | 4252815 | 4006159 | 207892 | 38764 |
| Tuition Remission | 387853 | 387853 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148868462 | Total |
| Program Services | 126970873 | ProgramServices |
| Management And General | 21036431 | ManagementAndGeneral |
| Fundraising | 861158 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14311 | BOY |
| EOY | 17048 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38955040 | BOY |
| EOY | 39044642 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2920031 | BOY |
| EOY | 2039275 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29928100 | BOY |
| EOY | 5605774 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14074704 | BOY |
| EOY | 12657258 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17739 | BOY |
| EOY | 11347 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2244073 | BOY |
| EOY | 1646773 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 152704585 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7673387 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138279844 | BOY |
| EOY | 145031198 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71449249 | BOY |
| EOY | 45748920 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1095405 | BOY |
| EOY | 23633452 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16648125 | BOY |
| EOY | 12859378 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82544 | BOY |
| EOY | 1691919 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 315709165 | BOY |
| EOY | 289986984 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53398908 | BOY |
| EOY | 17524287 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26100205 | BOY |
| EOY | 7180042 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52966276 | BOY |
| EOY | 50306355 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 485848 | BOY |
| EOY | 712190 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 18050000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 11749565 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132951237 | BOY |
| EOY | 105522439 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140680995 | BOY |
| EOY | 139551743 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16071780 | BOY |
| EOY | 14472983 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26005153 | BOY |
| EOY | 30439819 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 182757928 | BOY |
| EOY | 184464545 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 315709165 | BOY |
| EOY | 289986984 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3503707 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 5210324 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 1 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $188,882 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 188882 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchC_P2B_S00_L01 | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| Explanation | In 2011/12, New York Medical College retained the law firm of Hinman Straub, 121 State Street, Albany, New York and Shelter Rock Strategies, LLC, 300 Garden City Plaza, Garden City, New York and paid $61,217 and $100,000 respectively in consideration 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 officals to make them aware of the importance of New York Medical College and biomedial 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. We paid an employee $27,665 to compensate for his responsibilities involving communications with the contract lobbyists. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 51867921 | BeginningOfYearBalance |
| Contributions | 1906000 | Contributions |
| Investment Earnings Or Losses | -506000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 2015413 | OtherExpenditures |
| Administrative Expenses | 119587 | AdministrativeExpenses |
| End Of Year Balance | 51132921 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 42847921 | BeginningOfYearBalance |
| Contributions | 34000 | Contributions |
| Investment Earnings Or Losses | 10042000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 819871 | OtherExpenditures |
| Administrative Expenses | 236129 | AdministrativeExpenses |
| End Of Year Balance | 51867921 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 37782163 | BeginningOfYearBalance |
| Contributions | 2027506 | Contributions |
| Investment Earnings Or Losses | 5140071 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 1865690 | OtherExpenditures |
| Administrative Expenses | 236129 | AdministrativeExpenses |
| End Of Year Balance | 42847921 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 48159953 | BeginningOfYearBalance |
| Contributions | 738079 | Contributions |
| Investment Earnings Or Losses | -8877490 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 2017597 | OtherExpenditures |
| Administrative Expenses | 220782 | AdministrativeExpenses |
| End Of Year Balance | 37782163 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.4238 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.2947 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.2815 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 15750000 | OtherCostOrOtherBasis |
| Book Value | 15750000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 86410802 | OtherCostOrOtherBasis |
| Depreciation | 3152688 | Depreciation |
| Book Value | 83258114 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 29784788 | OtherCostOrOtherBasis |
| Depreciation | 1596460 | Depreciation |
| Book Value | 28188328 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 20758995 | OtherCostOrOtherBasis |
| Depreciation | 2924239 | Depreciation |
| Book Value | 17834756 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 145031198 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| US Trust Fixed Income | 19601257 | F |
| Cohen & Steers Real Estate | 2799772 | F |
| Metropolitan Real Estate Partners | 1142895 | F |
| Lithotriptor Associates LTD | 89528 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 23633452 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Post-Retirement Benefit Obligation | $2,488,668 |
| Refundable Govt Loan Programs | $9,260,897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11749565 | TotalOfAmounts |
| Total Revenue | 145364755 | TotalRevenue |
| Total Expenses | 148868462 | TotalExpenses |
| Excess Or Deficit For Year | -3503707 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1537244 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $6,747,568 | OtherAmount |
| Total Adjustments | 5210324 | TotalAdjustments |
| Excess Or Deficit Per FS | 1706617 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 146022430 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1537244 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 1944814 | OtherRevenues |
| Revenue Not Rptd F990 | 407570 | RevenueNotRptdF990 |
| Revenue Subtotal | 145614860 | RevenueSubtotal |
| Investment Expenses Not Included | 119587 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -369692 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -250105 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 145364755 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 144315813 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 369692 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 369692 | ExpensesNotRptdF990 |
| Expenses Subtotal | 143946121 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 119587 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 4802754 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4922341 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 148868462 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P04_S00_L02b | Schedule D, Part IV, Line 2b | Amounts represent tuition payments received in advance and held in escrow by the College. |
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | Endowment funds are intended to further the educational and research programs of the College. |
| SchD_P11_S00_L08 | Schedule D, Part XI, Line 8 | Change in Permanently Restricted Net Assets ($918,855), Change in Temporarily Restricted Net Assets ($1,598,798), Pension-related changes $2,662,794, Acquisition-related fair market value adjustments $5,586,331, Student loans not recorded as expenses on the College's financial statements $1,016,096. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Scholarship Expenses ($3,398,805) and Tuition Remission ($387,853) netted against revenue on the financial statements, Other changes to net assets include Pension-related changes 2,662,794, Acquisition-related fair market value adjustments $5,586,331, Changes in Permanently Restricted Net Assets ($918,855), Changes in Temporarily Restricted Net Assets ($1,598,798). |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | Founder's Dinner expenses netted against special event revenue on the 990 ($84,507), Depreciation expense netted against rental income on the 990 ($285,185). |
| SchD_P13_S00_L02d | Schedule D, Part XIII, Line 2d | Founder's Dinner expenses netted against special events revenue $84,507, Depreciation expense netted against rental income $285,185. |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | Scholarship expenses netted against tuition on the financial statements $3,398,805, Tuition remission and discounts netted against tuition on the financial statements $387,853, Student Loans not booked as expenses on the College's financial statements $1,016,096. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchE_P01_S00_L03 | Schedule E, Part I, Line 3 | The solicitation materials requested from or sent by the institution contain a statement of its policy on non-discrimiation. The College policy on non-discrimination is also displayed on its public web site. |
| SchE_P01_S00_L06 | Schedule E, Part I, Line 6 | The College receives annual funding appropriated from the New York State Bundy Aid program. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Founder's Dinner | NameOfEvent1 |
| Gross Receipts Event1 | 428075 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 370475 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 57600 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 68339 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 0 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 16168 | OtherDirectExpensesEvent1 |
| Food And Beverage Other Events | 0 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Gross Receipts Total | 428075 | GrossReceiptsTotal |
| Charitable Contributions Total | 370475 | CharitableContributionsTotal |
| Gross Revenue Total Events | 57600 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 0 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 68339 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 0 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 16168 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 84507 | DirectExpenseSummaryEvents |
| Net Income Summary | -26907 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (11 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Purpose Of GrantPurposeOfGrant | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|---|---|---|---|---|
| Sarah Lawrence College | ||||||||||
| 1 Mead Way | Bronxville | NY | 10708 | 237223216 | 501(c)(3) | 11895 | 0 | Book | Maternal and Child Health Federal Consolidated Programs | |
| Mercy College | ||||||||||
| 555 Broadway | Dobbs Ferry | NY | 105221186 | 131967321 | 501(c)(3) | 10805 | 0 | Book | Maternal and Child Health Federal Consolidated Programs | |
| The University of Texas Southwestern | ||||||||||
| 5323 Harry Hines Blvd | Dallas | TX | 75390 | 746000203 | 501(c)(3) | 130820 | 0 | Book | Cardiovascular Diseases Research | |
| The University of Toledo | ||||||||||
| 2801 West Bancroft Street | Toledo | OH | 43606 | 346555110 | 501(c)(3) | 355877 | 0 | Book | Cardiovascular Diseases Research | |
| University of Maryland-Baltimore | ||||||||||
| 620 W Lexington Street | Baltimore | MD | 21201 | 526002033 | 501(c)(3) | 7145 | 0 | Book | Allergy, Immunology and Transplantation Research | |
| Albany College of Pharmacy & Health Sciences | ||||||||||
| 106 New Scotland Avenue | Albany | NY | 12208 | 141423161 | 501(c)(3) | 5088 | 0 | Book | Allergy, Immunology and Transplantation Research | |
| University of Nebraska Medical Center | ||||||||||
| 42nd and Emile Street | Omaha | NE | 68198 | 470049123 | 501(c)(3) | 18559 | 0 | Book | Cardiovascular Diseases Research | |
| Weill Medical College of Cornell University | ||||||||||
| 1300 York Avenue | New York | NY | 10065 | 131623978 | 501(c)(3) | 33800 | 0 | Book | Diabetes, Digestive, and Kidney Diseases Extramural Research | |
| University of Massachusetts Medical Center | ||||||||||
| 55 North Lake Avenue | Worchester | MA | 01655 | 043167352 | 501(c)(3) | 34700 | 0 | Book | Training in Primary Care Medicine and Dentistry | |
| Phelps Family Medicine Residency Program | ||||||||||
| 701 North Broadway | Sleepy Hollow | NY | 10591 | 131725076 | 23966 | 0 | Book | Training in Primary Care Medicine and Dentistry | 0 | |
| Open Door Family Medicine Centers | ||||||||||
| 165 Main Street | Ossining | NY | 10562 | 132813103 | 90768 | 0 | Book | Training in Primary Care Medicine and Dentistry | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 8 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 3 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|
| Scholarships | 263 | 3398805 | 0 | Book |
| Student Loans | 64 | 1016096 | 0 | Book |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchI_P01_S00_L02 | 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. |
| SchI_P02_S00_L01 | Schedule I, Part II, Line 1 | These are sub-contracts for NYMC's biomedical research and training. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (19 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Karl P Adler | |||||||||||||
| 519097 | 0 | 0 | 0 | 0 | 0 | 33000 | 0 | 16430 | 0 | 568527 | 0 | 0 | 0 |
| Ralph OConnell | |||||||||||||
| 508501 | 0 | 0 | 0 | 0 | 0 | 31995 | 0 | 16353 | 0 | 556849 | 0 | 0 | 0 |
| Robert W Amler | |||||||||||||
| 362010 | 0 | 0 | 0 | 0 | 0 | 23639 | 0 | 3998 | 0 | 389647 | 0 | 0 | 0 |
| Stephen Piccolo Jr | |||||||||||||
| 297369 | 0 | 0 | 0 | 0 | 0 | 26770 | 0 | 15233 | 0 | 339372 | 0 | 0 | 0 |
| Waldemar A Comas | |||||||||||||
| 278911 | 0 | 0 | 0 | 0 | 0 | 26768 | 0 | 2998 | 0 | 308677 | 0 | 0 | 0 |
| Julie Kubaska | |||||||||||||
| 188439 | 0 | 0 | 0 | 0 | 0 | 22937 | 0 | 1732 | 0 | 213108 | 0 | 0 | 0 |
| Peter M Brown | |||||||||||||
| 175262 | 0 | 0 | 0 | 0 | 0 | 15525 | 0 | 14966 | 0 | 205753 | 0 | 0 | 0 |
| George F Nestler | |||||||||||||
| 169349 | 0 | 0 | 0 | 0 | 0 | 20042 | 0 | 20666 | 0 | 210057 | 0 | 0 | 0 |
| Dana Lee | |||||||||||||
| 159387 | 0 | 0 | 0 | 0 | 0 | 13344 | 0 | 8388 | 0 | 181119 | 0 | 0 | 0 |
| Donna Moriarty | |||||||||||||
| 129502 | 0 | 0 | 0 | 0 | 0 | 9694 | 0 | 21270 | 0 | 160466 | 0 | 0 | 0 |
| David Asprinio | |||||||||||||
| 593991 | 0 | 0 | 0 | 0 | 0 | 24224 | 0 | 22903 | 0 | 641118 | 0 | 0 | 0 |
| William Frishman | |||||||||||||
| 583322 | 0 | 0 | 0 | 0 | 0 | 26239 | 0 | 16704 | 0 | 626265 | 0 | 0 | 0 |
| Raj Murali | |||||||||||||
| 504330 | 0 | 0 | 0 | 0 | 0 | 24224 | 0 | 16442 | 0 | 544996 | 0 | 0 | 0 |
| Michael Gewitz | |||||||||||||
| 462527 | 0 | 0 | 0 | 0 | 0 | 31246 | 0 | 13045 | 0 | 506818 | 0 | 0 | 0 |
| Renee Garrick | |||||||||||||
| 435471 | 0 | 0 | 0 | 0 | 0 | 30267 | 0 | 22066 | 0 | 487804 | 0 | 0 | 0 |
| William Steadman | |||||||||||||
| 258924 | 0 | 0 | 0 | 0 | 0 | 31267 | 0 | 21071 | 0 | 311262 | 0 | 0 | 0 |
| Francis L Belloni | |||||||||||||
| 208368 | 0 | 0 | 0 | 14787 | 0 | 25942 | 0 | 14787 | 0 | 263884 | 0 | 0 | 0 |
| Alan Kadish MD | |||||||||||||
| 0 | 491356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101841 | 0 | 593197 | 0 | |
| Rabbi Menachem Genack | |||||||||||||
| 0 | 70158 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2377 | 0 | 72535 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchJ_P01_S00_L01a | Identifier |
| Return Reference | Schedule J, Part I, Line 1a | ReturnReference |
| Explanation | Temporary housing allowance for Edward Halperin, MD, Chancellor for Health Affairs/CEO treated as taxable income. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dormitory Authority of the State of New York | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 146000293 | IssuerEIN |
| Date Issued | 2004-05-06 | DateIssued |
| Issue Price | 6500000 | IssuePrice |
| Description Of Purpose | TELP:Boiler and Chiller Financing | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 6425000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 75000 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 6425000 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2006 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.0013 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.0013 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P03_S00_L01 | Form 990, Part III, Line 1 | New York Medical College is a health sciences university whose purpose is to educated physicians, scientists, public health specialists, and other healthcare professionals, and to conduct 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. |
| F990_P04_S00_L05 | Form 990, Part IV, Line 5 | Not Applicable |
| F990_P05_S00_L07g | Form 990, Part V, Line 7g | Not Applicable |
| F990_P05_S00_L07h | Form 990, Part V, Line 7h | Not Applicable |
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | New York Medical College has a member who 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. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | New York Medical College has a member who 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. |
| F990_P06_S0A_L07b | Form 990, Part VI, Section A, Line 7b | The College's organizational documents describe the process involving member approval of significant decisions of the governing body. |
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | This return was initially reviewed by senior management, specifically the Controller, CFO and General Counsel and submitted to and approved by the Audit Committee of the Board of Trustees and has been reviewed by an independent accounting firm. |
| F990_P06_S0B_L12c | 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 Trustee Conflict of Interest Policy is monitored by Compliance 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. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | 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 Commitee and the Board of Trustees of New York Medical College, which include independent persons. The review and approval process is fully and contemporaneously documented. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The College's annual report, the conflict of interest policy and the audited financial statements are available and posted on the College's website. |
| F990_P07_S0A_L01a | Form 990, Part VII, Section A, Line 1a | NYMC trustees devote time each week to an organization related to NYMC: Hasten - 12.1 hours Kadish - 22.1 hours Chouake - 4.5 hours Genack - 15 hours Oliner - 0.9 hours Rosenberg - 0.8 hours |
| F990_P11_S00_L05 | Form 990, Part XI, Line 5 | Change in Permanently Restricted Net Assets ($918,855), Change in Temporarily Restricted Net Assets ($1,598,798), Unrealized loss on investments ($1,537,244), Pension-related changes $2,662,794, Acquisition-related fair market value adjustments $5,586,331, Direct Student Loans $1,016,096. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Touro College | |||||||||||
| 27 West 23rd Street | New York | NY | 10010 | 132676570 | Education | NY | 501(c)(3) | 2 | N/A | 0 | |
| NYMC LLC | |||||||||||
| 27 West 23rd Street | New York | NY | 100104202 | 271481147 | Holding Company | DE | 501(c)(3) | 7 | N/A | 0 | |
| NEW YORK MEDICAL COLLEGE VEBA | |||||||||||
| BNY MELLON NA | NEW YORK | NY | 10286 | 133872638 | Retiree Benefits | NY | 501(C)(9) | 2 | N/A | 0 | ONE WALL STREET 12TH FLOOR |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Touro College | ||
| o | 437422 | Contractual payments. |
| Touro College | ||
| p | 209451 | Contractual payments. |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | An automatic 3 month extention was filed and a second extention was applied for and granted to May 15, 2013. | Explanation |
Comments