2021-01-11T09:50:08-06:00 2020-08-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-09-01 131916574 NEW YORK CHIROPRACTIC COLLEGE NEWY 3155683000 2360 STATE ROUTE 89 SENECA FALLS NY 13148 SEAN ANGLIM VP OF FINANCE & ADMIN SERVICES 3155683000 2020-12-18 1 CONNIE M LIRA P00481097 2156433900 2020-12-18 2019 2022-09-23 18:48:47Z DR MICHAEL MESTAN 2360 STATE ROUTE 89 SENECA FALLS NY 13148 32260730 0 X WWW.NYCC.EDU X 1919 NY COMMITMENT TO ACADEMIC EXCELLENCE, LEADERSHIP, AND PROFESSIONAL BEST PRACTICES 15 14 573 49 5663 0 603274 1083057 26215464 24827829 2105589 402062 44987 71921 28969314 26384869 873155 821889 0 0 18032985 16473501 0 0 170023 9379955 8134270 28286095 25429660 683219 955209 82947842 84178033 25652662 20852633 57295180 63325400 X NEW YORK CHIROPRACTIC COLLEGE (NYCC) IS COMMITTED TO ACADEMIC EXCELLENCE, LEADERSHIP, AND PROFESSIONAL BEST PRACTICES. THE VISION IS TO BE RECOGNIZED AS A LEADING INSTITUTION FOR THE EDUCATION AND TRAINING OF NATURAL HEALTHCARE PROFESSIONALS AND ACADEMICIANS WHO EMBRACE INTERPROFESSIONAL COLLABORATION. 0 0 18847375 821889 24875082 SEE SCHEDULE ONYCC, LOCATED IN SENECA FALLS, NY, IS A PRIVATE 501(C)(3), NOT-FOR-PROFIT EDUCATIONAL INSTITUTION ESTABLISHED IN 1919 THROUGH ABSOLUTE CHARTER FROM THE NEW YORK STATE BOARD OF REGENTS, OFFERING MULTIPLE ACADEMIC PROGRAMS AND HIGHLY DIVERSIFIED NATURAL HEALTHCARE INSTRUCTION.COURSEWORK AT NYCC EMPHASIZES INTEGRATIVE, NATURAL, AND COLLABORATIVE HEALTHCARE APPROACHES OFFERED THROUGH ACCREDITED, DEGREE-GRANTING PROGRAMS AS FOLLOWS:-DOCTOR OF CHIROPRACTIC-MASTER OF SCIENCE IN ACUPUNCTURE-MASTER OF SCIENCE IN ACUPUNCTURE AND ORIENTAL MEDICINE-MASTER OF SCIENCE IN APPLIED CLINICAL NUTRITION (100% ONLINE)-MASTER OF SCIENCE IN HUMAN ANATOMY AND PHYSIOLOGY INSTRUCTION (100% ONLINE)-MASTER OF SCIENCE IN DIAGNOSTIC IMAGING-MASTER OF SCIENCE IN CLINICAL ANATOMY-BACHELOR OF SCIENCE IN PROFESSIONAL STUDIESNYCC'S MISSION ENCOURAGES THE ACHIEVEMENT OF ACADEMIC EXCELLENCE, LEADERSHIP AND PROFESSIONALBEST PRACTICES.INTEGRATIVE HEALTHCARE EDUCATION:DURING THE TAX YEAR, NYCC OPERATED THREE HEALTH CENTERS IN NEW YORK STATE (SENECA FALLS, BUFFALO, AND LONG ISLAND), PROVIDING NATURAL HEALTHCARE SERVICES IN AN INNOVATIVE MODEL FOR PATIENT CENTERED, INTEGRATIVE HEALTHCARE. STUDENTS ENGAGE IN CLINICAL ROTATIONS WITHIN SEVERAL HOSPITALS AND OTHER CONVENTIONAL HEALTHCARE SETTINGS, PROVIDING AN INTEGRATIVE EXPERIENCE THAT PREPARES THEM FOR THE HEALTH CARE MARKETPLACE. UNIQUE CLINICAL PARTNERSHIPS INCLUDE BOTH DEPARTMENT OF DEFENSE OPPORTUNITIES AND VETERANS HEALTH ADMINISTRATION HOSPITALS/HEALTH CENTERS. STUDENTS PROVIDE NATURAL HEALTHCARE SERVICES AT THE HEALTH CENTERS OF THE STATE UNIVERSITY OF NEW YORK SYSTEM AND OTHER HIGHER EDUCATION INSTITUTIONS. COMPLIMENTARY CARE IS ALSO PROVIDED AT VARIOUS NON-PROFIT AGENCIES AND LOCAL SPORTING EVENTS.FISCAL-YEAR EXEMPT PURPOSE ACHIEVEMENTS:NYCC GRADUATED 294 STUDENTS DURING THE FISCAL 2020 YEAR DETAILED AS FOLLOWS:-DOCTOR OF CHIROPRACTIC (157)-MASTER OF SCIENCE IN ACUPUNCTURE (14)-MASTER OF SCIENCE IN ACUPUNCTURE AND ORIENTAL MEDICINE (7)-MASTER OF SCIENCE IN APPLIED CLINICAL NUTRITION (77)-MASTER OF SCIENCE IN HUMAN ANATOMY AND PHYSIOLOGY INSTRUCTION (20)-MASTER OF SCIENCE IN DIAGNOSTIC IMAGING (1)-MASTER OF SCIENCE IN CLINICAL ANATOMY (1)-BACHELOR OF SCIENCE IN PROFESSIONAL STUDIES (17) 18847375 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 80 0 573 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SEAN ANGLIM 3155683000 2360 STATE ROUTE 89 SENECA FALLS NY 13148 DR MICHAEL MESTAN PRESIDENT 40.00 X X 404543 0 84841 DR FRANK NICCHI PRESIDENT EMERITUS 8.00 X 318024 0 24195 MR SEAN ANGLIM VP OF FINANCE & ADMIN SERVICES 40.00 X 270480 0 32278 DR ANNE KILLEN EXECUTIVE VP OF ACADEMIC AFFAIRS 40.00 X 186337 0 41566 DR JENNIFER SESSLER VP OF ENROLLMENT & PLANNING 40.00 X 177037 0 13195 DR ROBERT RUDDY ASSISTANT PROFESSOR 40.00 X 144098 0 33709 DR KAREN BOBAK DEAN OF CHIROPRACTIC 40.00 X 154091 0 21745 MS KAREN QUEST CONTROLLER 40.00 X 135931 0 11309 DR FRANK LIZZIO TRUSTEE, CHAIR 1.00 X 0 0 0 DR DAVID BENNETT TRUSTEE 1.00 X 0 0 0 MR TIMOTHY BROWN TRUSTEE 1.00 X 0 0 0 DR JOANNE CANCRO TRUSTEE 1.00 X 0 0 0 MR MENZO CASE TRUSTEE 1.00 X 0 0 0 DR KAREN ERICKSON TRUSTEE 1.00 X 0 0 0 MS MARGARET FERBER TRUSTEE 1.00 X 0 0 0 DR SUSAN FRIES TRUSTEE 1.00 X 0 0 0 DR VINCENT JUSTINO TRUSTEE 1.00 X 0 0 0 MR JOHN PALMUCCI TRUSTEE 1.00 X 0 0 0 DR JAMES POWELL TRUSTEE 1.00 X 0 0 0 MS VIRGINIA ROBBINS TRUSTEE 1.00 X 0 0 0 DR RICK ROSA TRUSTEE 1.00 X 0 0 0 DR JULIE SCARANO TRUSTEE 1.00 X 0 0 0 DR RAY TUCK TRUSTEE 1.00 X 0 0 0 DR CHARLES VENTRESCA TRUSTEE 1.00 X 0 0 0 1790541 0 262838 26 0 1 0 CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 DINING SERVICES 876398 BRISTOLS GARDEN CENTER 7454 VICTOR PITTSFORD ROAD VICTOR NY 14564 LANDSCAPING 301923 SENECA SECURITY SERVICES 4922 ROUTE 89 ROMULOUS NY 14541 SECURITY SERVICES 282586 MASON DIGITAL 400 WHITNEY ROAD PENFIELD NY 14526 ADVERTISING 204725 BOND SCHOENECK AND KING PLLC ONE LINCOLN CENTER SYRACUSE NY 13202 LEGAL SERVICES 201032 7 821256 261801 44937 1083057 TUITION & FEES 611310 23549263 23549263 AUXILLIARY SERVICES 611710 797988 797988 CLINIC REVENUES 621400 480578 480578 24827829 689213 221 688992 6726 0 6726 6726 6726 5585740 500 5859557 13834 -273817 -13334 -287151 -287151 4762 2470 2292 2292 OTHER INCOME 900099 59753 47253 0 12500 TRADE BOOTHS 541900 1600 1600 ADVERTISING 519130 1550 1550 62903 26384869 24875082 5663 421067 3150 3150 818739 818739 1005040 935570 69470 12272962 9856209 2368910 47843 760893 591646 165303 3944 1445581 1070408 363048 12125 989025 753127 227483 8415 230423 230423 69800 69800 205670 205670 68103 68103 420796 415796 5000 736975 463941 272261 773 184740 7800 176940 422292 394320 27972 116352 76427 37713 2212 13148 6099 6990 59 303045 272997 30048 2408174 2123615 284559 460156 68656 391500 VARIOUS SERVICES 934362 692314 217796 24252 SERVICE CONTRACTS 682510 567918 114555 37 DUES, LICENSES & PERMIT 201869 51391 150453 25 CONSULTANTS/DEVELOPMENT 157409 62700 94709 518446 482019 35559 868 25429660 18847375 6412262 170023 56994 30952 6633083 5113991 387167 564770 914237 617176 60671 57254 213489 240008 60794981 46034585 16395474 14760396 18187026 20677701 39061345 41304489 1038356 811296 82947842 84178033 2978185 2952006 7906383 4679105 10544594 9486762 461318 413245 3762182 3321515 25652662 20852633 X 57141282 63120152 153898 205248 57295180 63325400 82947842 84178033 955209 5075011 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 6049 0 1 5400 11449 0 PART II-B, LINE 1: (G) STAFF AND STUDENT REPRESENTATIVES ATTENDED MEETINGS IN SUPPORT OF LEGISLATION THAT WOULD BENEFIT THE CHIROPRACTIC PROFESSION. (I) A PORTION OF THE DUES PAID TO THE ASSOCIATION OF CHIROPRACTIC COLLEGES MAY BE USED FOR ADVOCACY PROGRAMS. THIS PORTION IS REPORTED AS OTHER ACTIVITIES FOR LOBBYING PURPOSES. X 0 57331841 5335728 4000 600000 62063569 58909298 1057435 3500 2631392 57331841 55949119 3464179 4000 500000 58909298 50901785 5051334 4000 55949119 48900635 2005150 4000 50901785 0.99800 0.00100 0.00100 0 0 1309001 1309001 46579934 35638305 10941629 10556698 9156551 1400147 2349348 1239729 1109619 14760396 FOREIGN EQUITY SECURITIES 11295738 F HEDGE FUNDS 19177248 F REAL ASSETS 8315016 F FOREIGN FIXED INCOME 2516487 F 41304489 FEDERAL STUDENT LOANS PAYABLE 855470 ASSET RETIREMENT OBLIGATION 2466045 3321515 X 30437941 5075011 -818739 4256272 26181669 205670 -2470 203200 26384869 24407721 2470 2470 24405251 205670 818739 1024409 25429660 PART III, LINE 1A: ITEMS IN THE COLLEGE'S HISTORICAL COLLECTION RELATED TO THE HISTORY AND CULTURAL HERITAGE OF THE PROGRAMS OFFERED AT THE NEW YORK CHIROPRACTIC COLLEGE ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE AND ARE NOT CAPITALIZED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. ALL PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION OR USED FOR THE CARE OF THE COLLECTION. PART III, LINE 4: COLLECTIONS ITEMS IN THE COLLEGE'S HISTORICAL COLLECTION RELATED TO THE HISTORY AND CULTURAL HERITAGE OF THE PROGRAMS OFFERED AT THE NEW YORK CHIROPRACTIC COLLEGE ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. PART V, LINE 4: THE BOARD DESIGNATED/QUASI-ENDOWMENT PORTION OF THE FUNDS ARE USED TO PROVIDE A SOURCE OF FUNDING FOR THE ANNUAL BUDGET ALONG WITH FUNDING STRATEGIC INITIATIVES. THE INCOME FROM THE PERMANENT ENDOWMENT ALONG WITH THE TERM ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS FOR STUDENTS. UNRESTRICTED FUNDS FUNCTIONING AS QUASI ENDOWMENT ARE COVERED UNDER THE BOARD OF TRUSTEES' SPENDING POLICY WHICH IS DETERMINED ANNUALLY AND IS TARGETED TO BE APPROXIMATELY 5% OF A 16 QUARTER MOVING AVERAGE OF THE FUND'S TOTAL MARKET VALUE. TEMPORARILY RESTRICTED FUNDS ARE APPROPRIATED FOR EXPENDITURE BASED ON THE DIRECTION OF THE DONOR. ENDOWMENT FUNDS ARE INVESTED TO MAXIMIZE LONG TERM RETURNS CONSISTENT WITH PRUDENT LEVELS OF RISK APPROPRIATE TO THE MANAGEMENT OF SUCH LONG TERM FUNDS. DIVERSIFICATION OF INVESTMENTS IS DESIGNED TO ENSURE A TOTAL RETURN OF INCOME PLUS CAPITAL APPRECIATION NECESSARY TO PRESERVE AND ENHANCE THE PRINCIPAL OF THE FUNDS AND AT THE SAME TIME, PROVIDE A DEPENDABLE SOURCE OF INCOME FOR CURRENT OPERATIONS AND PROGRAMS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH THE ACCOUNTING STANDARDS, THE COLLEGE EVALUATES ITS INCOME TAX POSITIONS EACH FISCAL YEAR TO DETERMINE WHETHER THE COLLEGE'S TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF EXAMINED BY THE APPLICABLE TAXING AUTHORITY. THE REVIEW OF INCOME TAX POSITIONS HAD NO IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERNAL SCHOLARSHIPS -818,739. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF INVENTORY SOLD -2,470. FUNDRAISING DIRECT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY SOLD 2,470. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERNAL SCHOLARSHIPS 818,739. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NON-DISCRIMINATORY POLICY - INCLUDED WITH ALL PUBLICITY AND ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID IS RECEIVED BY THE COLLEGE. NORTH AMERICA (INCLUDING CANADA) 0 1 PROGRAM SERVICES ONLINE TEACHING 6500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9334155 0 1 0 0 0 1 9340655 0 9340655 1 0 1 1 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3: NO FORM 5471 IS REQUIRED BECAUSE NYCC'S OWNERSHIP AND/OR VOTING INTEREST IS/WAS LESS THAN 10% AT ALL TIMES. SCHEDULE F, PART IV, LINE 4: NO FORM 8621 IS REQUIRED BECAUSE NYCC IS A 501(C) EXEMPT-ORGANIZATION AND THERE WAS NO SUBCHAPTER F INCOME (REG. SEC. 1.1298-1(C)(1)). 1 VARIOUS INTERNAL SCHOLARSHIPS TO STUDENTS 286 818739 PART I, LINE 2: MERIT AND ACADEMIC SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON PREVIOUS AND CURRENT ACADEMIC ACHIEVEMENT. OTHER INTERNAL AND ENDOWED SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON CRITERIA SPECIFIC TO THE SCHOLARSHIP. SCHOLARSHIPS AWARDED ARE MONITORED BY THE FINANCIAL AID AND THE FINANCE OFFICE OF THE COLLEGE. X 1 1 X X X X 0 1 0 1 0 0 0 0 0 DR MICHAEL MESTAN PRESIDENT 394770 0 0 0 9773 0 22400 0 62441 0 489384 0 0 0 DR FRANK NICCHI PRESIDENT EMERITUS 0 0 0 0 318024 0 13391 0 10804 0 342219 0 157968 0 MR SEAN ANGLIM VP OF FINANCE & ADMIN SERVICES 269760 0 0 0 720 0 21933 0 10345 0 302758 0 0 0 DR ANNE KILLEN EXECUTIVE VP OF ACADEMIC AFFAIRS 185617 0 0 0 720 0 15717 0 25849 0 227903 0 0 0 DR JENNIFER SESSLER VP OF ENROLLMENT & PLANNING 165291 0 0 0 11746 0 13195 0 0 0 190232 0 0 0 DR ROBERT RUDDY ASSISTANT PROFESSOR 92649 0 47284 0 4165 0 8249 0 25460 0 177807 0 0 0 DR KAREN BOBAK DEAN OF CHIROPRACTIC 154091 0 0 0 0 0 12585 0 9160 0 175836 0 0 0 PART I, LINE 1A INCLUDED IN PRESIDENT MICHAEL MESTAN'S EMPLOYMENT AGREEMENT IS AN ALLOWANCE FOR CLEANING SERVICES FOR THE COLLEGE-OWNED HOUSE PRESIDENT MESTAN IS REQUIRED TO LIVE IN AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE ($2,200) WAS INCLUDED IN HIS W-2 EARNINGS, AND THE APPLICABLE TAXES WITHHELD. PART I, LINE 4B AMOUNTS WERE CREDITED ON THEN PRESIDENT FRANK NICCHI'S BEHALF TO TWO SEPARATE 457(F) DEFERRED COMPENSATION PLANS IN PAST YEARS AS APPROVED BY THE COLLEGE'S BOARD OF TRUSTEES AND SPECIFIED BY HIS EMPLOYMENT CONTRACT. THE 457(F) PRORATA ALLOCATION ATTRIBUTABLE TO TAX YEAR 2019 WAS $13,391. PART I, LINE 5 AN ASSISTANT PROFESSOR, LISTED IN PART II, RECEIVED ADDITIONAL COMPENSATION BASED ON A PERCENTAGE OF COLLECTIONS FROM PATIENTS HE PROVIDED SERVICES TO IN THE COLLEGE'S HEALTH CENTER. PART II, COLUMN B(III): THE OTHER REPORTABLE COMPENSATION LISTED FOR DR. FRANK NICCHI, PRESIDENT EMERITUS, IS THE PAYMENT OF DEFERRED COMPENSATION BENEFITS THAT WERE ESTABLISHED FOR DR. NICCHI WHILE HE WAS PRESIDENT, AND THAT HAVE ACCRUED ON HIS BEHALF FOR MORE THAN SEVEN YEARS. PART II, COLUMN D: INCLUDED IN NON-TAXABLE BENEFITS FOR PRESIDENT MICHAEL MESTAN, IN ACCORDANCE WITH THE APPLICABLE TAX REQUIREMENTS, IS THE LEASE VALUE OF THE COLLEGE-OWNED HOUSING ($36,000) HE RECEIVED AS A CONDITION OF HIS EMPLOYMENT AND PROVIDED FOR THE CONVENIENCE OF THE COLLEGE. PART II, COLUMN E: BEFORE APPROVING THE TOTAL COMPENSATION AND BENEFIT PACKAGES FOR PRESIDENT MESTAN AND THEN PRESIDENT NICCHI, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE COLLEGE REVIEWED COMPENSATION AND BENEFIT DATA FOR COMPARABLE INSTITUTIONS, AND VERIFIED THAT THE TOTAL COMPENSATION AND BENEFITS PACKAGE OF THE PRESIDENT WAS REASONABLE IN LIGHT OF SUCH DATA. THE TOTAL COMPENSATION AND BENEFIT PACKAGE FIGURE FOR PRESIDENT EMERITUS NICCHI INCLUDES A DEFERRED COMPENSATION PAYMENT AND BENEFITS TO HIM IN THE 2019 CALENDAR YEAR AS WELL AS CERTAIN PAYMENTS THAT WILL BE MADE TO HIM IN FUTURE CALENDAR YEARS AS LONG AS HE CONTINUES TO PERFORM SUBSTANTIAL SERVICES FOR THE COLLEGE THROUGH SPECIFIED DATES IN THOSE FUTURE CALENDAR YEARS. A SENECA COUNTY FUNDING CORPORATION 811899993 2016-06-02 13915181 REFINANCING OF A PRIOR BOND ISSUE 0 0 0 A 4246500 13915181 215530 75000 13624651 2016 0 1 1 1 A 0 1 1 1 0 0.00850 0.00070 0.00920 1 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 2C: 06/02/2016 $13,915,181 SENECA COUNTY FUNDING CORPORATION - 100% OF BOND PROCEEDS SPENT AT DATE OF ISSUE, THEREFORE NO REBATE DUE. X 1 1501 FAIR MARKET VALUE X EQUIPMENT 2 18100 COST X SOFTWARE AND SERVICES 1 15000 COST X EQUIPMENT LEASE 1 7058 COST X SUPPLIES/SUPPLEMENTS 3 3278 COST 0 0 1 0 PART I, COLUMN (B): THIS FIGURE REPRESENTS THE NUMBER OF DONORS IN EACH CATEGORY. FORM 990, PART VI, SECTION A, LINE 1 THE BY-LAWS ("BY-LAWS") OF NYCC DELEGATE CERTAIN AUTHORITY OF THE BOARD OF TRUSTEES OF NYCC ("BOARD") TO AN EXECUTIVE COMMITTEE OF THE BOARD ("EXECUTIVE COMMITTEE") THAT CONSISTS OF THE CHAIR OF THE BOARD, THE CHAIR-ELECT OF THE BOARD (WHEN APPROPRIATE), THE VICE CHAIR OF THE BOARD, THE PRESIDENT OF NYCC, AND TWO ADDITIONAL TRUSTEES OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD OTHER THAN (1) THE ELECTION OR REMOVAL OF TRUSTEES, (2) THE AMENDMENT OR REPEAL OF ANY BY-LAW OR THE ADOPTION OF NEW BY-LAWS, (3) THE APPROVAL OR GRANTING OF HONORARY DEGREES, OR (4) THE TAKING OF ANY ACTION THAT THE EXECUTIVE COMMITTEE IS PROHIBITED FROM TAKING BY APPLICABLE NEW YORK LAW, THE BY-LAWS, OR A BOARD RESOLUTION. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR EVALUATING THE PERFORMANCE OF THE PRESIDENT AND REVIEWING THE COMPENSATION OF THE PRESIDENT AND THE OFFICERS OF NYCC TO ENSURE THAT THEIR COMPENSATION LEVELS ARE REASONABLE WITHIN APPROPRIATE COLLEGE COMPARATIVE BENCHMARKS. IN ACCORDANCE WITH THE REQUIREMENTS OF THE APPLICABLE EXECUTIVE COMPENSATION POLICIES OF NYCC, THE PRESIDENT IS NOT ALLOWED TO BE PRESENT AT, OR PARTICIPATE IN, ANY DELIBERATIONS OR VOTING CONCERNING ANY RECOMMENDED CHANGES IN HIS COMPENSATION OR BENEFITS. FORM 990, PART VI, SECTION B, LINE 11B NYCC'S MANAGEMENT STAFF SUBMITS A DRAFT OF THE FORM 990 TO THE AUDIT COMMITTEE OF THE NYCC'S BOARD OF TRUSTEES. THE AUDIT COMMITTEE THEN REVIEWS THE DRAFT FORM 990 AND PROVIDES ANY COMMENTS IT HAS TO THE MANAGEMENT STAFF. NYCC'S MANAGEMENT STAFF SUBMITS A DRAFT OF PART VII AND SCHEDULE J OF THE FORM 990 TO THE EXECUTIVE COMMITTEE OF NYCC'S BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE THEN REVIEWS THE DRAFTED PART VII AND SCHEDULE J OF THE FORM 990 AND PROVIDES ANY COMMENTS IT HAS TO THE MANAGEMENT STAFF. ONCE THE REVIEW PROCESS IS COMPLETE, THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE FULL BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NYCC REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY THROUGH A REQUIRED ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE FOR TRUSTEES, OFFICERS AND/OR MANAGEMENT STAFF ("COVERED PERSONS"). FURTHER, ALL COVERED PERSONS ARE REQUIRED TO NOTIFY THE AUDIT COMMITTEE OF ANY CHANGES TO THE INFORMATION PROVIDED IN SUCH QUESTIONNAIRE DURING THE YEAR. THE AUDIT COMMITTEE REVIEWS ALL COMPLETED QUESTIONNAIRES (INCLUDING ANY SUBSEQUENT NOTIFICATION OF CHANGES) TO DETERMINE WHETHER A POTENTIAL CONFLICT EXISTS. IF THE AUDIT COMMITTEE DETERMINES THAT A POTENTIAL CONFLICT EXISTS, THE BOARD OF TRUSTEES WILL REVIEW THE POTENTIAL CONFLICT, AND MAY IMPLEMENT PROTECTIVE MEASURES, SUCH AS THE REASSIGNMENT OF THE AFFECTED COVERED PERSON'S RESPONSIBILITIES, IF DEEMED APPROPRIATE. IF A COVERED PERSON FAILS TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, THE BOARD MAY TAKE CORRECTIVE ACTIONS, AS IT DEEMS APPROPRIATE, IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH NYCC'S EXECUTIVE COMPENSATION POLICY FOR OFFICERS, KEY EMPLOYEES AND CERTAIN OTHER COVERED PERSONS (COLLECTIVELY, "COVERED PERSONS"), THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF NYCC ("EXECUTIVE COMMITTEE") REVIEWS EACH PROPOSED COMPENSATION AND BENEFIT ARRANGEMENT ("PROPOSED ARRANGEMENT") FOR EACH COVERED PERSON TO DETERMINE WHETHER THE PROPOSED ARRANGEMENT SATISFIES THE "REASONABLE COMPENSATION" REQUIREMENTS SET FORTH IN SECTION 4958 OF THE INTERNAL REVENUE CODE ("CODE") (E.G., A REVIEW OF RELEVANT COMPARABILITY DATA, PERFORMANCE REVIEWS AND/OR OTHER DOCUMENTATION SUPPORTING THE PROPOSED ARRANGEMENT). PRIOR TO SUCH REVIEW AND DETERMINATION, THE EXECUTIVE COMMITTEE VERIFIES THAT NONE OF ITS MEMBERS HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE APPLICABLE PROPOSED ARRANGEMENT. IF THE EXECUTIVE COMMITTEE DETERMINES THAT A PROPOSED ARRANGEMENT MEETS THE REASONABLE COMPENSATION REQUIREMENTS, IT THEN DOCUMENTS THE REVIEW AND DETERMINATION PROCESS. PROPOSED ARRANGEMENTS FOR NYCC'S PRESIDENT, VP OF FINANCE AND ADMINISTRATIVE SERVICES, AND EXECUTIVE VP AND PROVOST ARE REVIEWED ANNUALLY (I.E., ALL THREE PROPOSED ARRANGEMENTS FOR THE TAX YEAR WERE REVIEWED IN 2019). FORM 990, PART VI, SECTION C, LINE 19 COPIES OF NYCC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST ON A CASE BY CASE BASIS.