2013-05-14T09:51:00-07:00 2012-06-30 990 2011-07-01 131099420 NEW YORK MEDICAL COLLEGE NEWY 9145944470 40 Sunshine Cottage Road VALHALLA NY 10595 George Nestler 9145944470 2013-05-14 2011 2016-03-07 17:11:31Z Edward C Halperin MD 40 Sunshine Cottage Road Valhalla NY 10595 176007536 0 X www.nymc.edu X 1860 NY New York Medical College educates physicians, scientists and healthcare professionals and conducts research. 18 15 1769 0 730917 401287 33145637 2931389 204538651 135923185 4515236 2669440 3640704 3840741 245840228 145364755 3718044 5142805 0 0 162540210 110540123 0 0 861158 47081250 33185534 213339504 148868462 32500724 -3503707 315709165 289986984 132951237 105522439 182757928 184464545 X New York Medical College educates physicians, scientists and healthcare professionals and conducts research. 0 0 50506038 0 55409348 Professional Education: Educating individuals for careers in the medical, science and health professions. 45291352 727904 51981151 Health Care Programs: Numerous health care and medical training programs. 26758582 0 27480568 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. 4414901 4414901 3621008 Scholarship and student loan programs: Scholarships are awarded based on merit. 4414901 4414901 3621008 126970873 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 387 0 1 1769 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X George F Nestler 9145944470 40 Sunshine Cottage Road Valhalla NY 10595 X Dr Mark Hasten 1.38 X X 0 0 0 Alan Kadish MD 8.35 X X 0 491356 101841 Gary Barnett 0 X 0 0 0 Howard Baruch MD 0.35 X 0 0 0 Ben Chouake MD 0.65 X 0 0 0 Rabbi Menachem Genack 0.19 X 0 70158 2377 Michael D Israel MPH 0.12 X 0 0 0 Michael Karfunkel 0 X 0 0 0 Joseph Levine MD 0.08 X 0 0 0 Mrs Shifra Lichtenstein 0.12 X 0 0 0 Dr Joseph Mark 0.37 X 0 0 0 Martin Oliner Esq 0.23 X 0 0 0 Raymond M Planell Esq 0.46 X 0 0 0 Ronald F Poe 0.77 X 0 0 0 Stephen Rosenberg 0.31 X 0 0 0 Maureen L Roxe 0.42 X 0 0 0 Senator John Sampson 0.27 X 0 0 0 Gary Gettenberg MD 0.08 X 0 0 0 Herman Badillo Esq 0 X 0 0 0 Morton J Kleiner MD 74 0 X 0 0 0 Karl P Adler 35 X 519097 0 49430 Edward Halperin MD 35 X 113362 0 9989 Ralph OConnell 35 X 508501 0 48348 Robert W Amler 35 X 362011 0 27637 Stephen Piccolo Jr 35 X 297369 0 42003 Waldemar A Comas 35 X 278911 0 29767 William Steadman 35 X 258924 0 52338 Francis L Belloni 35 X 208368 0 40729 Julie Kubaska 35 X 188439 0 24669 Peter M Brown 35 X 175262 0 30491 George F Nestler 35 X 169349 0 40708 Dana Lee 35 X 159387 0 21732 Donna Moriarty 35 X 129502 0 30965 Diane Demling 35 X 113932 0 16104 David Asprinio 35 X 593991 0 47127 Raj Murali 35 X 504330 0 40666 Michael Gewitz 35 X 462527 0 44291 William Frishman 35 X 583322 0 42944 Renee Garrick 35 X 435471 0 52333 6062055 561514 796489 257 0 1 0 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 35 0 0 370475 0 249316 2311598 0 2931389 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 0 0 0 0 135923185 1743572 0 0 1743572 0 0 0 0 0 0 0 0 1181850 0 285185 0 896665 0 896665 0 328824 567841 31198957 0 30273089 0 925868 0 925868 0 0 925868 57600 370475 84507 -26907 0 -26907 Faculty Practice Dues 611310 1075562 1075562 0 0 1895421 1895421 0 0 2970983 145364755 138492075 730917 3210374 727904 727904 4414901 4414901 0 0 0 0 3693935 0 3480828 213107 0 0 0 0 84015162 75326862 8444533 243767 6332178 5626690 697507 7981 10950651 9444044 1456446 50161 5548197 4720628 801630 25939 0 0 0 0 220331 32988 187343 0 618867 0 618867 0 161217 0 161217 0 0 0 236129 0 236129 0 2051666 1452167 598400 1099 0 0 0 0 5232892 4396541 694852 141499 418234 8469 409765 0 0 0 0 0 6103066 5326240 756743 20083 804722 700409 101156 3157 0 0 0 0 144080 97996 37197 8887 2673714 2512171 161543 0 0 0 0 0 6453180 5487956 880000 85224 999449 170589 828860 0 Purchased Services 2427319 2130306 275523 21490 Sponsored Programs & Miscellaneous 4252815 4006159 207892 38764 Tuition Remission 387853 387853 0 0 0 0 0 0 148868462 126970873 21036431 861158 14311 17048 38955040 39044642 2920031 2039275 29928100 5605774 0 0 0 0 14074704 12657258 17739 11347 2244073 1646773 152704585 7673387 138279844 145031198 71449249 45748920 1095405 23633452 0 0 16648125 12859378 82544 1691919 315709165 289986984 53398908 17524287 0 0 26100205 7180042 52966276 50306355 485848 712190 0 0 0 18050000 0 0 11749565 132951237 105522439 X 140680995 139551743 16071780 14472983 26005153 30439819 182757928 184464545 315709165 289986984 X -3503707 5210324 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 188882 188882 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 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. 0 1 51867921 1906000 -506000 0 2015413 119587 51132921 42847921 34000 10042000 0 819871 236129 51867921 37782163 2027506 5140071 0 1865690 236129 42847921 48159953 738079 -8877490 0 2017597 220782 37782163 0.4238 0.2947 0.2815 0 0 0 15750000 15750000 0 86410802 3152688 83258114 0 29784788 1596460 28188328 0 20758995 2924239 17834756 0 0 0 0 145031198 0 0 US Trust Fixed Income 19601257 F Cohen & Steers Real Estate 2799772 F Metropolitan Real Estate Partners 1142895 F Lithotriptor Associates LTD 89528 F 23633452 Post-Retirement Benefit Obligation 2488668 Refundable Govt Loan Programs 9260897 11749565 145364755 148868462 -3503707 -1537244 0 0 0 6747568 5210324 1706617 146022430 -1537244 0 0 1944814 407570 145614860 119587 -369692 -250105 145364755 144315813 0 0 0 369692 369692 143946121 119587 4802754 4922341 148868462 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. Founder's Dinner 428075 370475 57600 0 0 68339 0 0 16168 0 0 428075 370475 57600 0 0 68339 0 0 16168 84507 -26907 1 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 0 Training in Primary Care Medicine and Dentistry Open Door Family Medicine Centers 165 Main Street Ossining NY 10562 132813103 90768 0 Book Training in Primary Care Medicine and Dentistry 8 3 Scholarships 263 3398805 0 Book Student Loans 64 1016096 0 Book 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. X 1 1 X X X 0 0 0 0 0 0 0 0 0 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 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Temporary housing allowance for Edward Halperin, MD, Chancellor for Health Affairs/CEO treated as taxable income. Dormitory Authority of the State of New York 146000293 2004-05-06 6500000 TELP:Boiler and Chiller Financing 0 0 0 0 0 6425000 0 0 0 75000 0 0 6425000 0 0 2006 0 0 1 1 0 0 0 0 0 0.0013 0.0013 1 0 0 0 0 0 0 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. 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 ONE WALL STREET 12TH FLOOR NEW YORK NY 10286 133872638 Retiree Benefits NY 501(C)(9) 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 Touro College o 437422 Contractual payments. Touro College p 209451 Contractual payments. An automatic 3 month extention was filed and a second extention was applied for and granted to May 15, 2013.