2012-05-10T15:15:53-07:00 2011-06-30 990 2010-07-01 131099420 NEW YORK MEDICAL COLLEGE NEWY 9145944470 40 Sunshine Cottage Road VALHALLA NY 10595 George Nestler 9145944470 2012-05-15 2010 2016-02-24 21:20:13Z George F Nestler 40 Sunshine Cottage Road Valhalla NY 10595 274106757 0 X www.nymc.edu X 1860 NY New York Medical College educates physicians, scientists and healthcare professionals and conducts research. 15 14 1802 0 338828 243744 2630369 33145637 204795106 204538651 4539348 4515236 3384617 3640704 215349440 245840228 3703330 3718044 0 0 163310282 162540210 0 0 972376 49562109 47081250 216575721 213339504 -1226281 32500724 196560509 315709165 139339771 132951237 57220738 182757928 New York Medical College, educates physicians, scientists and healthcare professionals and conducts research. 0 0 56429292 56464462 Under contract with New York City Health and Hospitals Corp., physicians are supplied to Metropolitan and Lincoln Hospitals as well as other health care institutions in metropolitan New York for supervision, teaching and administration in support of various residency programs. 50426434 0 51824880 Professional Education: Educating individuals for careers in the medical, science and health professions. 33605385 0 33501375 Health Care Programs: Numerous health care and medical training programs. 29875671 0 29875671 Under contract with Westchester Medical Center, physicians are supplied for supervision, teaching and administration in support of various residency programs. 19759692 0 18408586 Medical Research: Numerous sponsored research programs in the health care category. 3325913 0 2482700 Scholarship Programs: Scholarships are awarded to students based on merit. 52961276 0 50766957 193422387 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 385 0 1 1802 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X George F Nestler 9145944470 Administrative Building Valhalla NY 10595 Dr Mark Hasten 0.60 X 0 0 0 Alan Kadish MD 7.6 X 0 0 0 Herman Badillo Esq 0 X 0 0 0 Howard Baruch MD 0.60 X 0 0 0 Ben Chouake MD 0.60 X 0 0 0 Rabbi Menachem Genack 0.60 X 0 0 0 Michael D Israel MPH 0.08 X 0 0 0 Morton Kleiner MD 0 X 0 0 0 Mrs Shifra Lichtenstein 0.60 X 0 0 0 Dr Joseph Mark 0.60 X 0 0 0 Martin Oliner Esq 0 X 0 0 0 Raymond M Planell Esq 0.56 X 0 0 0 Ronald F Poe 1.44 X 0 0 0 Maureen L Roxe 0.21 X 0 0 0 Senator John Sampson 0 X 0 0 0 Karl P Adler 35 X 504475 0 46354 Ralph OConnell 35 X 493690 0 38824 Robert W Amler 35 X 351083 0 27542 Stephen Piccolo Jr 35 X 288708 0 45343 Waldemar A Comas 35 X 270787 0 34385 William Steadman 35 X 251383 0 47341 Francis L Belloni 35 X 202168 0 32624 Julie Kubaska 35 X 196210 0 26515 Peter M Brown 35 X 170158 0 30046 George F Nestler 35 X 147957 0 32199 Dana Lee 35 X 146726 0 19057 Donna Moriarty 35 X 113896 0 23557 David Asprinio 35 X 623781 0 41337 Raj Murali 35 X 527216 0 38776 Michael Gewitz 35 X 462153 0 45918 William Frishman 35 X 455509 0 38581 John Savino 35 X 451309 0 27733 5657209 0 596132 405 0 1 0 PhyCare Solutions 234 East 149th Street Room 8D200 Bronx NY 10451 Billing Agency 2060000 City Orthopedics LLC 190 Green Lane Bedford Hills NY 10507 Health Care Professional 1485416 North American Partners in Anesthesia LLP 66 Powerhouse Road - 3rd Floor Roslyn Heights NY 11577 Health Care Professional 1200000 ABM Janitorial Services PO Box 1534 New York NY 10008 Janitorial Services 780098 Hi Link Computers Corp 76 Progress Road Stamford CT 06902 Computer Support 615144 53 0 0 201441 29000000 264024 3680172 0 33145637 Reimbursement of Direct Expense 611310 138250094 138250094 0 0 Tuition & Fees 611310 50064068 50064068 0 0 Recovery of Indirect Costs 611310 10907601 10907601 0 0 Student Housing 611310 4333828 4333828 0 0 Affiliation Fees 611310 983060 983060 0 0 0 0 0 0 204538651 1652249 1652249 0 0 0 0 0 0 0 0 0 0 735690 0 160832 0 574858 0 574858 574858 0 0 30863675 0 28000688 0 2862987 0 2862987 2862987 0 0 105009 201441 105009 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Space Rental 621300 169199 169199 0 0 Comparative Medicine Recovery 621500 867115 528287 338828 0 Plant Fund Additions 611310 799770 799770 0 0 1229762 1229762 0 0 3065846 245840228 212355763 338828 0 392131 392131 3325913 3325913 0 0 0 0 3541027 0 3318302 222725 0 0 0 0 128114193 120976902 6824132 313159 8725401 8183405 530477 11519 13483636 12380693 1051491 51452 8675953 7889910 751710 34333 0 0 0 0 213223 23961 189262 0 637539 0 637539 0 0 0 0 0 0 0 236129 0 236129 0 16252356 15055486 1185319 11551 0 0 0 0 3758204 3082696 590860 84648 212920 919 212001 0 0 0 0 0 7856289 6984443 825738 46108 844654 788529 51799 4326 0 0 0 0 140848 106495 23915 10438 2831450 2671620 159830 0 6727971 5639657 948306 140008 1160594 304236 856358 0 Tuition Remission 536071 536071 0 0 Sponsored Programs and Miscellaneous 5673002 5079320 551573 42109 213339504 193422387 18944741 972376 12761 14311 15227896 38955040 3079232 2920031 27066647 29928100 0 0 0 0 19095818 14074704 28670 17739 2748003 2244073 169237176 30957332 70287701 138279844 58004799 71449249 831127 1095405 0 0 0 16648125 177855 82544 196560509 315709165 56867038 53398908 0 0 26747419 26100205 55090439 52966276 634875 485848 0 0 0 0 0 0 139339771 132951237 X 32059804 140680995 564837 16071780 24596097 26005153 57220738 182757928 196560509 315709165 X 32500724 93036466 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 53942 53942 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 In 2010/11, New York Medical College retained the law firm of Hinman Staub, 121 State Street, Albany, New York and paid $48,912 in consideration for lobbying services and advice regarding a)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, and b)the funding of hospitals in the State of New York in financial distress and in particular one such institution that is an important teaching affiliate of New York Medical College. The College's lobbying activities, with the assistance of Hinman Straub, included several meetings and telephone conversations with state legislators and executive department officials to make them aware of the importance of New York Medical College and biomedical research in the Hudson Valley area of New York and the difficulty the financial problems of hospitals in New York state was having on medical education and research as well as patient care. 0 1 42847921 34000 10042000 0 819871 236129 51867921 37782163 2027506 5140071 0 1865690 236129 42847921 48159953 738079 -8877490 0 2017597 220782 37782163 0.6 0.39 0.01 0 0 0 15750000 15750000 0 84020860 444679 83576181 0 31044717 2010541 29034176 0 38421599 28502112 9919487 0 0 0 0 138279844 245840228 213339504 32500724 2605426 0 0 0 90431040 93036466 125537190 335131575 2605426 0 0 90654659 93260085 241871490 106754 3861984 3968738 245840228 209594385 0 0 0 223619 223619 209370766 106754 3861984 3968738 213339504 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b 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 Acquisition related fair market value adjustments $77,806,374, pension-related changes $6,387,047, changes in temporarily restricted net assets $15,507,224 and changes in permanently restricted assets $1,409,056, Cumulative effect of a change in accounting principle ($10,678,661). SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Pension-related changes $6,387,047, acquisition related fair market value adjustments $77,806,374, Space rental depreciation expense $118,610, Special event expenses $105,009, Cumulative effect of a change in accounting principle ($10,678,661), Changes in Permanently restricted net assets $1,409,056, Changes in temporarily restricted net assets $15,507,224. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarship expenses $3,325,913, Tuition remission $536,071. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Depreciation expense applied to rental income $118,610, Special event expenses $105,009 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarship expenses $3,325,913, Tuition remission $536,071. 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-discrimination. 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 306450 201441 105009 0 0 75792 0 13750 15467 0 0 306450 201441 105009 0 0 75792 0 13750 15467 105009 0 1 University of Puerto Rico 377 Ponce de Leon Avenue Hato Rey Puerto Rico RQ 00918 660191965 15011 Book Maternal and Child Health Federal Consolidated Programs Sarah Lawrence College 237223216 15534 Book Maternal and Child Health Federal Consolidated Programs Mercy College 131967321 12639 Book Maternal and Child Health Federal Consolidated Programs The Pennsylvania State University 240798290 25890 Book Cancer Control The University of Texas Southwestern 746000203 42720 Book Cardiovascular Diseases Research The University of Toledo 346555110 158124 Book Cardiovascular Diseases Research The University of Nebraska Medical Center 470049123 22561 Book Cardiovascular Diseases Research The University of Maryland-Baltimore 526002033 18575 Book Trans-NIH Recovery Act Research Support Humboldt University 946050071 40233 Book Diabetes, Digestive and Kidney Diseases Extramural Research Westchester Medical Center 134095845 40844 Book National Institute of Child Health and Human Development 8 2 Scholarships 199 3325913 0 0 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. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Karl P Adler 504475 0 0 0 0 0 31410 0 14944 0 550829 0 0 0 Ralph OConnell 493690 0 0 0 0 0 23802 0 15021 0 532513 0 0 0 Robert W Amler 351083 0 0 0 0 0 23802 0 3740 0 378625 0 0 0 Stephen Piccolo Jr 288708 0 0 0 0 0 31410 0 13933 0 334051 0 0 0 Waldemar A Comas 270787 0 0 0 0 0 31410 0 2975 0 305172 0 0 0 William Steadman 251383 0 0 0 0 0 31410 0 15931 0 298724 0 0 0 Francis L Belloni 202168 0 0 0 0 0 24985 0 7639 0 234792 0 0 0 Julie Kubaska 196210 0 0 0 0 0 24092 0 2423 0 222725 0 0 0 Peter M Brown 170158 0 0 0 0 0 14672 0 15374 0 200204 0 0 0 David Asprinio 623781 0 0 0 0 0 23802 0 17534 0 665117 0 0 0 Raj Murali 527216 0 0 0 0 0 23802 0 14974 0 565992 0 0 0 Michael Gewitz 462153 0 0 0 0 0 31410 0 14508 0 508071 0 0 0 William Frishman 455509 0 0 0 0 0 23802 0 14778 0 494089 0 0 0 John Savino 451309 0 0 0 0 0 23802 0 3930 0 479041 0 0 0 George F Nestler 147957 0 0 0 0 0 16854 0 15346 0 180157 0 0 0 Dana Lee 146726 0 0 0 0 0 11632 0 7424 0 165782 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The spouses of two of the College's officers accompanied them to certain business functions. The travel expenses for the spouses were reimbursed to the College. Michael Israel CEO Westchester Medical Center 30624636 Contractual Payments 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Some of the trustees are members of the College and are employed or appointed by the Archdiocese of New York. Effective 5/25/2011, some of the trustees are employed by Touro College and all trustees were appointed by NYMC LLC, a subsidiary of Touro College. F990_P06_S0A_L04 Form 990, Part VI, Section A, Line 4 The College is a membership, not-for-profit corporation in the State of New York. Prior to May 13,2011, the members of the NYMC Corporation consisted of members appointed and controlled by the Archdiocese of New York. On May 13, 2011, a transaction was completed pursuant to which a wholly controlled subsidiary of Touro College, NYMC, LLC, acquired the membership interest in the NYMC corporation from the prior members and thereby the right to exercise the reserved powers and authority as the sole member of the NYMC corporation. The Bylaws of the College were amended to conform to the change in membership. 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, Provost 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, Provost 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 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. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The policy is distributed annually to all employees together with a conflict of interest form. Such form is required to be submitted by faculty and administrative employees. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 New York Medical College's process for determining compensation of the President and CEO and other officers and key employees include 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_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gains $2,605,426, Pension-related changes $6,387,047, Fair Market Value Adjustments $77,806,374, Change in Permanently Restricted Net Assets $1,409,056, Change in Temporarily Restricted Net Assets $4,828,563. The Partnership for a Healthy Population C/O New York Medical College 40 Sunshine Cottage Road Valhalla NY 10595 134038939 Health Related studies and education NY 501(c)(3) 2 New York Medical College 1 Touro College 27 West 23rd Street New York NY 10010 132676570 Education NY 501(c)(3) 2 N/A 0 Archdiocese of New York 1011 1st Avenue New York NY 100224112 133096713 Religious Institution NY 501(c)(3) 2 N/A 0 NYMC LLC 27 West 23rd Street New York NY 100104202 271481147 Education DE 501(c)(3) 2 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Archdiocese of New York c 26000000 Cash Archdiocese of New York c 3000000 Promissory Note