2012-05-11T15:41:15-05:00 2011-06-30 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2010-07-01 133036302 BRAMSON ORT COLLEGE BRAM 7182687110 69-30 AUSTIN STREET FOREST HILLS NY 11375 DR EPHRAIM BUHKS 7182687110 2012-05-10 1 FREDERICK H ROTHMAN 2128674000 2010 2016-02-24 21:20:13Z EPHRAIM BUHKS 69-30 AUSTIN STREET FOREST HILLS NY 11375 12819494 0 X BRAMSONORT.ORG X 1979 NY TO OPERATE A TWO-YEAR COLLEGE THAT PROVIDES ADVANCED TECHNOLOGICAL AND BUSINESS TRAINING. 13 13 360 0 268261 0 264984 432187 10172356 12047006 64991 16152 104730 230037 10607061 12725382 1346557 1652245 0 0 4317270 5357066 0 0 0 3115539 4004113 8779366 11013424 1827695 1711958 11540652 18360042 5106918 10534663 6433734 7825379 PROVIDES QUALITY TECHNICAL POST SECONDARY EDUCATION AND MEETS THE EDUCATIONAL AND CAREER NEEDS OF THE NEW YORK COMMUNITY FOR APPROXIMATELY 1360 STUDENTS YEARLY. 0 0 8283264 1652245 12047006 PROVIDES EDUCATION TO 1360 STUDENTS IN THE AREAS OF ACCOUNTING, BUSINESS MANAGEMENT, COMPUTER TECHNOLOGY, ELECTRONICS TECHNOLOGY, MEDICAL AND NATURAL SCIENCES, INCLUDING PHARMACY SCIENCE AND OFFICE TECHNOLOGY. 8283264 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 360 1 1 1 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MARY C RICKEY 7182687110 69-30 AUSTIN STREET FOREST HILLS NY 11375 SANDY CHUMSKY 5.00 X X 0 0 0 LYNN LEEB 5.00 X X 0 0 0 RACHEL ROSIN 5.00 X X 0 0 0 CAROL SCHRAGER 5.00 X X 0 0 0 HERBERT ACKERMAN 1.00 X 0 0 0 LOUIS BRAUSE 1.00 X 0 0 0 RUTH EISENBERG-MOSKOWITZ 1.00 X 0 0 0 KAY FREEMAN 1.00 X 0 0 0 RUTH GOODGOLD 1.00 X 0 0 0 JUDY MENIKOFF 1.00 X 0 0 0 JEFFREY S MITZNER 1.00 X 0 0 0 JACOB SALOMON 1.00 X 0 0 0 DAVID M STEADLY 1.00 X 0 0 0 EPHRAIM BUHKS PHD 17.50 X 75253 0 6041 MARY RICKEY 17.50 X 0 0 0 75253 0 6041 0 0 0 0 DOUGHERTY CLIFFORD & WADSWORTH 895 MARCONI AVE RONKONKOMA NY 11779 ADVERTISING 293946 US ORT OPERATIONS 69-30 AUSTIN STREET FOREST HILLS NY 11375 MANAGEMENT 240732 B2B COMPUTER PRODUCTS PO BOX 3296 GLEN ELLYN IL 60138 COMPUTER EQUIP & SERVICES 185276 COMMAND SECURITY PO BOX 823415 PHILADELPHIA PA 19182 SECURITY 105000 GOLDEN MAINTENANCE 42-41 155 STREET FLUSHING NY 11355 MAINTENANCE SERVICES 102152 5 211098 221089 432187 TUITION AND FEES 611710 12047006 12047006 12047006 13467 13467 293887 69704 224183 224183 268261 -44078 27093 24408 2685 2685 2685 MISCELLANEOUS 900099 5854 5854 5854 12725382 12047006 268261 -22072 1652245 1652245 4642421 4358799 283622 26318 24710 1608 286400 268903 17497 401927 377372 24555 325000 325000 10003 10003 48500 48500 204392 59128 145264 741291 741291 378612 95397 283215 818947 649075 169872 49217 40560 8657 328116 295304 32812 410203 341126 69077 118850 93196 25654 BAD DEBT EXPENSE 453744 453744 EQUIPMENT LEASES 32885 6577 26308 GRADUATION EXPENSES 17465 17465 66888 3407 63481 11013424 8283264 2730160 0 3705469 540178 2936139 3181218 721891 598108 173673 3140196 551545 330402 14566052 3996112 3451935 10569940 11540652 18360042 320416 238909 101350 2275632 4275893 7348562 409259 671560 5106918 10534663 X 6433734 7775379 50000 6433734 7825379 11540652 18360042 X 1711958 -320313 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 700000 700000 11118611 1762304 9356307 220305 219407 898 2299501 1903628 395873 227635 110773 116862 10569940 SECURITY DEPOSITS 56392 DUE TO GOVERNMENT AGENCY 294855 SWAP AGREEMENT 320313 671560 12725382 11013424 1711958 -320313 -320313 1391645 11167249 94112 94112 11073137 1652245 1652245 12725382 9455291 94112 94112 9361179 1652245 1652245 11013424 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 69,704. COST OF GOODS SOLD 24,408. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,652,245. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 69,704. COST OF GOODS SOLD 24,408. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,652,245. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 IT IS WRITTEN IN THEIR SCHOOL CATALOG, STUDENT HANDBOOK, EMPLOYEE APPLICATIONS, AND IN THEIR ADS IN THE DAILY NEWS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE IS PROVIDED FOR THE PURPOSES OF FINANCIAL AID, TUITION ASSISTANCE, AND CAPITAL EXPENDITURES. 1 FINANCIAL AID 1160 1652245 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID OFFICE PROCESSES FINANCIAL AID REQUESTS. AFTER THEY HAVE BEEN APPROVED, THEY INFORM THE ACCOUNTING OFFICE WHO DRAWS DOWN THE FUNDS. THE FUNDS ARE APPLIED AGAINST STUDENT TUITION BALANCES. 0 0 0 0 0 0 0 0 0 EPHRAIM BUHKS PHD 59253 0 5000 0 11000 0 2258 0 3783 0 81294 0 0 0 SUPPLEMENTAL INFORMATION PART III US ORT OPERATIONS, AN UNRELATED ORGANIZATION, COMPENSATES EPHRAIM BUHKS FOR THE 17.5 HOURS A WEEK HE SERVICES BRAMSON ORT AS DIRECTOR. US ORT ALSO COMPENSATES MARY RICKEY FOR THE 17.5 HOURS A WEEK THAT SHE SERVICES BRAMSON ORT AS CONTROLLER. SHE BEGAN SERVICING BRAMSON IN APRIL 2011. FORM 990, PART VI, SECTION A, LINE 3 DR. EPHRAIM BUHKS, DIRECTOR OF US ORT OPERATIONS, AND MARY RICKEY, CONTROLLER, US ORT OPERATIONS ARE EMPLOYED BY US ORT OPERATIONS, WHICH ENTITY DELEGATED THE DAY TO DAY MANAGEMENT, EDUCATIONAL AND ADMINISTRATIVE FUNCTIONS OF THE SCHOOL TO THE DIRECTOR AND CONTROLLE; BOTH OF WHOM REPORT TO THE BOARD OF TRUSTEES OF BRAMSON ORT COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED BY BOTH THE DIRECTOR AND CONTROLLER OF BRAMSON, AND BY THE CHAIRMAN AND TREASURER. A COPY OF THE 990 WAS SENT TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS AND GIVEN TO THE DIRECTOR. THOSE FOUND TO HAVE A CONFLICT OF INTEREST REGARDING SOME MATTER(S) CANNOT VOTE REGARDING THAT MATTER. THOSE INDIVIDUALS MAY OR MAY NOT BE ALLOWED TO PARTICIPATE IN DISCUSSIONS REGARDING THAT MATTER, AS THE BOARD SEES FIT DEPENDING ON CIRCUMSTANCES. FORM 990, PART VI, SECTION C, LINE 19 BRAMSON ORT MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN VALUE OF SWAP AGREEMENT -320,313. TOTAL TO FORM 990, PART XI, LINE 5: -320,313. FORM 990, PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.