2018-11-12T21:10:05-06:00 2017-12-31 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 10036 990 2017-01-01 472209056 ALBERT EINSTEIN COLLEGE OF MEDICINE INC % JAMES GERAGHTY ALBE 7184302000 1300 MORRIS PARK AVENUE BRONX NY 104611975 JAMES GERAGHTY CFO 7184303255 2018-10-31 true CHRISTOPHER B BOGGS P00032493 2127733000 68.129.182.67 26308520183165000052 2018-11-12 P 90234B08C25C953ED569B6EEB09F8CD14F22B373 D7645E384763AEB8339B885771554B833BC3ADBE 2017 2019-02-21 02:37:17Z ALLEN SPIEGEL MD 1300 MORRIS PARK AVENUE BRONX NY 104611975 346428057 false X einstein.yu.edu X 2014 NY To advance basic science, health-related and translational research in the public interest, train ethical compassionate physicians and facilitate medical education. 39 36 2532 187 80507 140207 266636615 225110837 89391205 95365339 10679768 11438619 7623317 7687805 374330905 339602600 17466236 19519404 0 0 221322223 222958448 355526 0 3444990 176093323 178492055 415237308 420969907 -40906403 -81367307 1082326537 1057668092 491937418 530366908 590389119 527301184 TO ADVANCE BASIC SCIENCE, HEALTH-RELATED AND TRANSLATIONAL RESEARCH IN THE PUBLIC INTEREST, TRAIN ETHICAL COMPASSIONATE PHYSICIANS AND SCIENTISTS AND FACILITATE MEDICAL EDUCATION. false false 129186147 16354918 72133611 Education: On his 74th birthday, March 14, 1953, Albert Einstein agreed to lend his name to a new educational institution, formally creating Albert Einstein College of Medicine - the first medical school built in New York City since 1897 and the only medical School on which Albert Einstein bestowed this honor. A great humanitarian as well as a brilliant scientist, Albert Einstein specified that the College of Medicine welcome students of all creeds and races. The first class, admitted on September 12, 1955, totaled just 56 students. Today, more than 9,000 Einstein alumni are among the nations foremost clinicians, biomedical scientists and medical educators, and our program for medical education is one of the largest in the United States. During the 201718 academic year, we were home to 764 M.D. students and 228 Ph.D. students (including students in the combined M.D.- Ph.D. program) as well as 275 postdoctoral research fellows at our Belfer Institute for Advanced Biomedical Studies. Einstein was among the first of the major medical schools to bring first-year students into contact with patients and link classroom study to case experience. The Community Based Service Learning (CBSL) program supports students who want to make a difference in the community. The program provides early career exposure via experiential education, training, workshops and seminars centering on community engagement. CBSL also serves as a clearinghouse for information and opportunities, providing guidance and assisting with program planning and logistical issues. The program is made up of a network of student-initiated community service projects that are part of the Einstein Community Action Network (Einstein-CAN), providing services and advocacy for vulnerable populations in the Bronx. Among the initiatives are BODY (Bronx, Obesity, Diabetes and You); the Buddies program; EiSci (Einstein Science High School Mentoring Program); HEART (HIV Education and Rapid Testing), HOPE (Homeless Outreach Project at Einstein), H4H (Hoops for Health), PACT (Patient Advocate Connection), SPHERE (Space in Prison for Health Education for Re-Entry), START (Students, Teachers and Researchers Teach Science) and TEACH (Together Educating All Children in Hospitals). We led the way in developing bioethics as an accepted academic discipline in medical school and were the first private medical school in New York City to establish a residency program in internal medicine with an emphasis on womens health. The M.D. program prepares tomorrows physicians to excel in both the science and the art of medicine by combining the pursuit of scientific excellence with compassionate and humanistic care. We aim to improve human health on the local, national and global levels. The open and supportive community at Einstein allows for innovation and for pushing the boundaries of what is known and what is practiced. We educate our students to be catalysts for social change. Einstein runs one of the largest residency and fellowship training programs in the medical profession through Montefiore Medical Center and a network of affiliates that includes hospitals and medical centers in metropolitan New York. Each year, For the last decade, well over 95 percent of our students have matched to residencies, with more than a third of students going into the primary-care specialties of internal medicine, pediatrics and family medicine. Our graduates also enter research programs focusing on a broad range of subjects, from traditional disease-oriented investigations in cancer, diabetes and infectious diseases to public health and global medicine. The Ph.D. program trains promising and passionate students to become the next generation of leading scientists. The collaborative culture at Einstein is at the heart of the program. Prospective students apply directly to the Ph.D. program rather than to a specific department, allowing them to explore many areas of research before choosing from among more than 200 laboratories in which to conduct their thesis work. Our interdisciplinary graduate curriculum is known for its high level of personalized mentoring and remarkable student achievement. Einsteins extraordinary graduate experience produces independent biomedical scientists capable of carrying out significant scientific work to improve the health and well-being of humankind. Our Ph.D. program has more than 1,500 graduates employed in a wide range of scientific careers, both in academic and in nonacademic settings worldwide. The Medical Scientist Training Program (MSTP) (resulting in both M.D. and Ph.D. degrees) trains a diverse group of outstanding students as physician-scientists to become future leaders in academic medicine and medical research. Among the first such programs nationwide and continuously funded by the National Institutes of Health (NIH) since 1964, the program integrates MSTP-specific courses with medical and graduate courses during the first two years of preclinical course work. Integration continues in the Ph.D. thesis years through weekly involvement in clinics, conferences and seminars, after which, students perform their clinical clerkships in completion of their medical school training. The Clinical Research Training Program (CRTP) (leading to a master of science in clinical research methods) is an intensive two-year program designed for those pursuing careers in investigator-initiated, hypothesis-driven clinical research. CRTP scholars are drawn from Einsteins many medical specialties and subspecialties for clinical investigation across the entire translational research spectrum, from mechanistic studies to population-based and health services research. The comprehensive program combines didactic learning and coursework with mentored research experiences. The Einstein-Cardozo Master of Science in Bioethics program examines how moral, ethical and religious values affect medical decisions and healthcare policy. Students learn to assess how emotions and reason shape the choices of patients, doctors and family members, and even judicial decisions and laws. Crucial bioethics issues include medical choices at the end of life, the allocation of scarce healthcare resources, protections for human research subjects, the privacy of medical information and the roles of race, class and ethnicity in health outcomes and access to care. Through Einsteins Global Health Center, faculty members and medical students travel to underdeveloped countries where they provide badly needed medical care and gain valuable knowledge for combating disease. The Global Health Center boasts many initiatives worldwide, including clinical and research programs in Argentina, Brazil, Burundi, Cameroon, China, Congo, Ethiopia, Guatemala, Haiti, India, Kenya, Malawi, Mexico, Nigeria, Rwanda, South Africa, Uganda and Vietnam. The mission of the Global Health Center is to bring education, research and needed health services to the world, with the ultimate goal of reducing disparities in health and alleviating human suffering. Einstein has always had an interest in providing support for historically underrepresented students. We are committed to developing a broadly diverse cadre of clinicians, researchers and educators who can effectively promote health and address health disparities in our local community, around the nation and abroad. Our office of diversity enhancement aims to establish and maintain an environment that celebrates diversity; emphasizes professionalism and excellence; and promotes and nurtures future leaders in medicine and research. Einstein reaches out to students in the Bronx and beyond - particularly to students from underrepresented minorities - with a variety of programs. Befitting Einstein's tradition of inclusion and academic excellence that fully embraces faculty and student-body diversity, and its commitment to the values espoused by its namesake, Einstein was among the first medical schools to appoint a deans office leader for community engagement. The Einstein Enrichment Program (EEP) is part of a New York State-funded enrichment program called Step (Science Technology Entry Program). Its mission is to serve economically disadvantaged and/or minority students in grades 7 through 12 who are from groups historically underrepresented in the medical and scientific professions. All of the students live and attend school in the Bronx, in support of Einstein's commitment to this borough. The EEP includes professional seminars, teen service learning, academic enrichment (including SAT and Regents prep) and summer internship placements. One hundred percent of the high school seniors in the program have gone on to attend four-year colleges. The Summer Undergraduate Mentorship Program (SUMP) of the Hispanic Center of Excellence offers college students from groups underrepresented in medicine and/or from economically disadvantaged backgrounds the opportunity to "Shadow" physicians in preferred specialties. The prog 254942000 3164486 25565002 Research While education is at the heart of Einsteins mission, it is biomedical research that drives the College of Medicines growth. Over the past 60 years, Einstein has become a premier biomedical research institution in this region of New York City, with its scientific enterprise ranked consistently in the top 25 percent of medical schools receiving NIH funding in the last decade. Einstein is home to many NIH-funded research multidisciplinary research centers - in diabetes, intellectual and developmental disorders, aging, liver diseases, health disparities, HIV/AIDS, cardiovascular research, organ transplantation and cancer - and it also provides an extensive array of translational research cores, including tissue analysis; multiscale imaging; molecular design; and genetic and genomic, proteomic and human phenotyping. Our Strategic Plan focuses on areas where we can significantly advance science and improve human health. Our aim is to develop robust multidisciplinary research programs for adult and pediatric patients, with particular emphases in six areas: brain science; immunotherapeutics; obesity and metabolic disorders; cancer; healthcare delivery and clinical effectiveness; and RNA science and medicine. Concurrently we are advancing our Center for Experimental Therapeutics, providing researchers with resources to pursue promising experimental projects with the goal of discovering new and better therapies. In federal fiscal year 2017, the NIH awarded Einstein 174 million in research funding. Philanthropic funding supports innovative research projects and educational initiatives. Much of our research is conducted in the Michael F. Price Center for Genetic and Translational Medicine/Harold and Muriel Block Research Pavilion, one of the newest, largest and "greenest" biomedical research facilities in the New York area. Einstein operates eight NIH Health & Human Servicesdesignated centers: the Albert Einstein Cancer Center, Bronx HOPE (Health Opportunities Partnership-Einstein), the Center for Diabetes Translation Research, the Einstein-Mount Sinai Diabetes Research Center, the Harold and Muriel Block Institute for Clinical and Translational Research (ICTR) at Einstein and Montefiore, the Marion Bessin Liver Research Center, the Nathan Shock Center of Excellence in the Basic Biology of Aging and the Rose F. Kennedy Intellectual and Developmental Disabilities Research Center. As an engine for research collaboration, the NIH-funded ICTR has been a key factor in formally joining Einstein and Montefiore into a single entity with a shared mission. The ICTR is at the leading edge in comparative effectiveness, informatics, population health and lifespan research innovation. Our investment in research has translated into improved human health. Einsteins relationship with Montefiore supports a longstanding focus on bench-to-bedside research, through which discoveries in Einsteins laboratories lead to therapies and treatments for patients on an accelerated timetable. In the last decade, Einstein researchers were the first to show that low scores on a cancer-recurrence gene test may allow breast cancer patients to skip chemotherapy. We linked a childs abnormal breathing during sleep with behavioral, emotional and relationship troubles; discovered that slow walking speed plus memory complaints are predictors of dementia; created a prototype vaccine against tuberculosis that works better in animal models than the current TB vaccine; and discovered "longevity genes" in humans. Among our many ongoing initiatives are studies of healthcare-associated infections in children in ambulatory care settings and research on HIV eradication and the use of PrEP (pre-exposure prophylaxis) to reduce the risk of contracting HIV. Einstein is currently one of just four sites nationwide taking part in a large-scale study of the health status of the Hispanic/Latino community in the Bronx, supported by the NIH. 384128147 true true false true false false false true false true true true false false true false false true true false true true false false true false false true true true true false false false false false false false false false false true false false false false true true true true false true 487 0 true 2532 true true true false false false false true true false false false false X 39 36 true false false false true true true true true false false true true true true true true true true false NY X JAMES GERAGHTY 7184302398 1300 MORRIS PARK AVE BELFER RM 1107 BRONX NY 104611975 Philip Altheim Trustee 1.0 0.0 X 0 0 0 Linda Altman Trustee 1.0 0.0 X 0 0 0 Diane Belfer Trustee 1.0 0.0 X 0 0 0 Gerald Dorros MD Trustee 1.0 0.0 X 0 0 0 Betty Feinberg Trustee 1.0 0.0 X 0 0 0 Elliot Gibber Trustee 1.0 0.0 X 0 0 0 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X 490866 0 47910 Michael B Prystowsky MD Professor 50.0 0.0 X 503300 0 44078 ALLAN WOLKOFF PROFESSOR 50.0 0.0 X 469718 0 46494 4840212 8080270 1597115 389 false true false Securitas Security Services USA In PO BOX 403412 ATLANTA GA 303843412 SECURITY 2016132 Amster Rothstein Ebenstein LLP 90 PARK AVE FL 21 NEW YORK NY 100161337 Legal 933264 ARAMARK FACILITIES SERVICES 27310 NETWORK PLACE CHICAGO IL 606731273 MAINTENANCE 666267 ELLUCIAN COMPANY LP 14083 COLLECTIONS CENTER DRIVE CHICAGO IL 606930140 IT 591459 ATTAIN LLC PO BOX 221374 CHANTILLY VA 201531374 CONSULTING 554534 24 749032 14372116 182476733 27512956 902375 225110837 STUDENT TUITION 611310 49983227 49983227 0 0 RESEARCH CONTRACTS 541700 19817110 19817110 0 0 AFFILIATION AGREEMENTS 611310 25565002 25565002 0 0 95365339 5531186 0 40369 5490817 0 4640047 0 0 4640047 4791421 6395284 -1603863 0 -1603863 0 0 -1603863 5907433 0 5907433 5907433 0 40138 5867295 155433 749032 430173 -274740 0 -274740 0 0 0 0 0 0 SHARED FACILITIES 900099 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X X false 324035149 272363 17461725 4677412 13131616 323960209 390675913 7834290 23909171 3777569 94606656 324035149 0 400865162 -5419551 1299073 3470625 390675913 0.00000 0.79840 0.20160 true false 52418026 52418026 431734514 60424828 371309686 35216000 6095077 29120923 38470644 13438109 25032535 477881170 ALTERNATIVE INVESTMENTS 181063327 F DUE TO ENDOWMENT PORTFOLIO 5030000 C 186093327 0 WORKERS COMPENSATION LIABILITIES 2550529 TRUSTS SPLIT AGREEMENT LIAB. 15141146 EMPLOYEE DEFERRED COMP LIABILITIES 17521397 PENSION LIABILITIES 1602389 DUE TO RELATED ORGANIZATIONS 40781784 CLINICAL RESERVE LIABILITIES 13813735 CAPITAL LEASE OBLIGATIONS 33481570 OTHER 228359 125120909 SCHEDULE D, PART III, LINE 1A Albert Einstein College of Medicine, Inc. received donations of art when it was a division of Yeshiva University. This art work was transferred to the College along with substantially all of the assets and liabilities of the Medical School at the acqusition date. The art work is displayed on the College's campus and was last appraised at $1.6 million in 2016. SCHEDULE D, PART III, LINE 4 The organization's collection of donated art works consist of nine paintings, five sculptures, an autograph of Albert Einstein, a R. Rauschenberg poster and a Johann Calcar drawing. The donated art works are displayed on the college campus with the goal of educating the public about the arts. The collection can have the power to inspire, to heal and uplift and bring out the creativeness of our students as well as serving to beautify our campus. SCHEDULE D, PART V, LINE 4 The College's endowment funds are used to support student scholarships and loans, academic chairs, instruction and training, educational programs, research and fellowships. true true true true true true true false false false false false false false false true false true Schedule E, Part I Line 3 The College publicizes its non-discriminatory policies in multiple ways. The Colleges mission statement is publicized on its web site and in multiple program brochures of the College. The mission statement contains these words which are the core of our identity: "...we have from our inception welcomed students, faculty and staff from diverse backgrounds..." The Colleges non-discrimination policy may be found in many places on the Colleges website including the Policies page of the Administration web site, the Admissions page for Medical Students, and the Career Opportunities page for the Employment Office. Non-discrimination policies are in printed documents given to students and employees, such as the Academic Policies of the Graduate Programs and The Employee Handbook. All advertisements for positions state the non-discrimination policy. Schedule E, Part I, Line 6a The organization receives research grants from the National Institute of Health (NIH) and other government agencies. true East Asia and the Pacific Grantmaking RESEARCH 265467 Europe (Including Iceland and Greenland) Grantmaking Research 1219780 North America Grantmaking RESEARCH 37779 Sub-Saharan Africa Grantmaking RESEARCH 1641460 Central America and the Caribbean Investments 18270714 21435200 21435200 East Asia and the Pacific Research 265467 WIRE Europe (Including Iceland and Greenland) Research 1219780 WIRE North America research 37779 WIRE Sub-Saharan Africa research 1641460 WIRE 19 false false false false false false Schedule F, Part I, Line 2 The organization's procedures for monitoring the use of grant funds outside the United States includes regular financial reporting and analysis and review by College employees associated with the grant programs to confirm funds are being used in accordance with the awards. Golf Outing 224890 181240 43650 40417 194 31781 Luncheon 204682 164682 40000 151 12014 76915 5 474894 403111 71783 17433 124745 24815 101708 904466 749033 155433 58001 136953 24815 210404 430173 -274740 true Jacobi Medical Center Auxiliary Inc 1400 Pelham Parkway South Bronx NY 10461 131849594 501(c)(3) 10000 Support New York Stem Cell Foundation Inc 178 Columbus Avenue New York NY 10023 202905531 501(c)(3) 25000 Support The Arnold P Gold Foundation 619 E Palisade Englewood Cliffs NJ 07632 223052098 503(c)(3) 7500 Support 3 0 Schlorships & fellowships 672 16307418 SCHEDULE I, PART I, LINE 2 The organization provides support to various charitable organizations as part of its mission to advance basic science, health-related and translational research and facilitate medical education. Schedule I, Part III, line 1 GRANTS AND ASSISTANCE TO DOMESTIC INDIVIDUALS REPRESENT STUDENT FINANCIAL AID, SCHOLARSHIPS AND FELLOWSHIPS, INCLUDING EMERGENCY STUDENT ASSISTANCE GRANTS. FINANCIAL AID IS AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. NEED BASED AID IS AWARDED BASED ON ELIGIBILITY DETERMINED BY THE US DEPARTMENT OF EDUCATION'S FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ACADEMIC BASED AID IS AWARDED BY THE DISTINGUISHED SCHOLARS COMMITTEE. BOTH FACULTY AND ENROLLMENT SERVICES ADMINISTRATORS COMPRISE THE COMMITTEE. X true true false true false false false false false false false Lynn Richmond Trustee 0 917213 0 500385 0 33533 0 565475 0 23197 0 2039803 0 0 Steven M Safyer MD Trustee 0 1831679 0 1882500 0 1703449 0 17000 0 26471 0 5461099 0 0 Christopher Panczner Assistant Secretary 0 720193 0 469785 0 21533 0 599277 0 0 0 1810788 0 0 Allen M Spiegel MD President/CEO, Dean 808912 0 0 0 4326 0 19875 0 467 0 833580 0 0 0 Edward R Burns MD Executive Dean 606331 0 0 0 3048 0 19875 0 24847 0 654101 0 0 0 Jed M Shivers Associate Dean 478338 0 0 0 1584 0 19875 0 25773 0 525570 0 0 0 Mark F Mehler Professor 587792 0 0 0 2314 0 19875 0 9665 0 619646 0 0 0 David I Goldman Professor 565604 0 0 0 445 0 19875 0 26395 0 612319 0 0 0 Michael Lipton Professor 486324 0 0 0 4542 0 21750 0 26160 0 538776 0 0 0 Michael B Prystowsky MD Professor 501716 0 0 0 1584 0 19875 0 24203 0 547378 0 0 0 James Geraghty Chief Financial Officer 307715 0 0 0 9919 0 19875 0 20816 0 358325 0 0 0 ALLAN WOLKOFF PROFESSOR 452809 0 0 0 16909 0 19875 0 26619 0 516212 0 0 0 SCHEDULE J, PART I, LINE 1A The College provides the Dean with a car and chauffeur for business purposes. Since the college is reimbursed for any personnel use, the cost for this service is not included as taxable income to the Dean. SCHEDULE J, PART I, LINE 3 The Montefiore Compensation Committee reviews and approves all forms of compensation and benefits provided to the college's CEO with the assistance of a national independent compensation consulting firm. The consulting firm assists the Compensation Committee with its decision-making process to ensure executive compensation levels are reasonable and appropriate relative to those of other similar organizations. Base salaries in Column B(i) are determined based on competitive market practices for comparable positions with similar sized organizations and scope of responsibilities. Bonus and incentive compensation in Column B(ii) is based on the achievement of performance goals. The executives' compensation program has a significant pay-at-risk component to ensure the alignment of pay and organizational performance. Goals are set in advance in areas such as research productivity, quality of education, community services and financial performance. Compensation is at risk if the goals established by the Compensation Committee are not met. Schedule J, Part I, Line 4b As it relates to a supplemental nonqualified retirement plan for three trustees of the college's Board compensated by Montefiore Medicine Academic Health System, Inc.: In a manner designed to qualify for the "rebuttable presumption of reasonableness" the Compensation Committee of Montefiore Board of Trustees expressly reviewed and approved these retirement benefit arrangements for these senior executives in a manner that qualified under the intermediate sanctions rules of the Federal tax law, and in recognition of (a) the executives' years of service to the organization and (b) the significant contributions to enhancing the ability of the organization to achieve its charitable mission in a manner consistent with financial solvency. Accordingly, this benefit should be viewed as applying to years of service for the Health System. Required Pooled Supplemental Executive Retirement Plan distribution: Steven Safyer, M.D. - $1,696,025. Supplemental Executive Retirement Plan accrued and unpaid service costs: Christopher Panczner - $582,277; Lynn Richmond - $548,475. A Build NYC Resource Corporation 454040561 12008ELT1 2016-01-28 175000000 Refund taxable issue false false false A 0 0 175000000 12831717 0 0 2814337 0 0 0 172185663 0 2016 true false true true A false true false true false 0.01750 0.00000 0.01750 false false false true A false true false false false 0 false 0 false true A true Schedule K, Part II, Column A, Line 3 The total proceeds do not equal the summation of lines 4 to 12 due to transferred or replacement proceeds in line 4. X 10 902375 Current Market value 0 false true false Form 990, Part VI, Section A, Line 2 Trustees Burton Resnick, Marilyn Katz and Stanley Katz have a family relationship. Trustees Diane Belfer and Robert A. Belfer have a family relationship. Form 990, Part VI, Section A, Line 6 The sole members of Albert Einstein College of Medicine Inc., (the College) are Montefiore Medicine Academic Health System, Inc. (the Health System) and Yeshiva University (Yeshiva). 51% of the voting interest of the corporation is controlled by Montefiore and the remainding 49% by Yeshiva. Form 990, Part VI, Section A, Line 7A The sole members of the corporation, Montefiore Medicine Academic Health System, Inc. and Yeshiva University, have the power to appoint and to remove Trustees from the Albert Einstein College of Medicine Board. Form 990, Part VI, Section A, Line 7B The sole members of the corporation has the authority to: (i) amend, repeal, restate or revise the Bylaws or Certificate of incorporation of the College; (ii) approve any changes to the purpose or mission of the College; (iii) approve a change in the not-for-profit status of the College; (iv) to levy assessments or require capital contributions by the members of the College; (v) approve the liquidation or dissolution of the College; (vi) approve the disposition of the corporation by mergers, consolidation, change of membership, acquisitions or sale; and (vii) take any action with respect to those matters over which applicable accreditation authorities and/or governmental authorities require Yeshiva to have an approval right. Form 990, Part VI, Section B, Line 11B The Form 990 was prepared by the Montefiore's Tax department working closely with the Albert Einstein College of Medicine's finance team and assisted by various departments throughout the Health System. The return was reviewed by Montefiore's VP of Finance and the Chief Financial Officer at the College. In addition, An independent Public Accounting firm was engaged to review the Form 990. Upon Completion of the various reviews, the Form 990 was presented to the Audit Committee of the Board of Trustees for review and approval. Once approved by the Audit Committee the Form 990 was made available to all members of the Board of Trustee prior to filing. Form 990, Part VI, Section B, Line 12C Board members and key employees are required to disclose actual or potential conflicts of interest to general counsel prior to engaging in any activity that may potentially result in a conflict of interest. The potential conflict is reviewed by general counsel and any concerns are presented to the dean of the college and the chair of the audit committee of the Board of Trustees to determine if an actual conflict exist and what actions, if any, are appropriate to prevent or manage the identified conflict of interest. On an annual basis, the College circulates a conflict of interest questionnaire to all board members and key employees. The responses are reviewed by General Counsel, and concerns presented by the responses are disclosed to the Dean of the College and the Chair of the Audit Committee of the Board of Trustees for discussion and alleviation of any determined conflict. Form 990, Part VI, Section B, Line 15A The organization's CEO compensation is determined by the Compensation committee of the Board of Trustees of Montefiore Medicine Academic Health System, Inc., the parent organization of the college. Montefiore Medicine Academic Health System is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best corporate governance. The Board of Trustees of the Health System has charged the Health System's Compensation Committee (which is comprised of independent Board members with no conflicts of interest in regards to executive compensation) with making all decisions related to compensation for the College's CEO. All decisions made by the Compensation Committee are appropriately and timely documented in meeting minutes. The compensation committee's review process follows the Intermediate Sanctions guidelines for qualifying for the rebuttable presumption of reasonableness. The Committee retains an independent compensation consultant to assist it with this process. Compensation levels are established considering data for comparable organizations, third parties salary surveys, Form 990 disclosures, an assessment of management performance (including the services provided to the community), and other business judgement factors, consistent with Montefiore's executive compensation philosophy. The Committee's decisions are made in the best interest of the College, and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit organizations of comparable scope, mission and complexity. FORM 990, PART VI, SECTION B, LINE 15B Prior to its establishment, the college was an operating division of Yeshiva University. As employees of Yeshiva University, the compensation of these employees were determined by the Yeshiva University 's compensation committee of the Board of Trustees. The Committee conducted a detailed review and approval of compensation utilizing comparability date from third party salary surveys, Form 990 disclosures from other organizations and /or compensation studies prepared by an independent third party consulting firm. Upon establishment of the College, salaries of the organization's key employees were reviewed by the Health System and maintained at their Yeshiva levels. FORM 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMEMTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS POSTED ON THE COLLEGES WEBSITE. Form 990, Part XI, Line 9 The other change in net assets increase of $10,476,000 was due to the followings: - CHANGE IN VALUATION OF SPLIT TRUSTS: ($164,000) - CHANGE IN VALUATION ALLOWANCES FOR CONTRIBUTIONS RECEIVABLE: ($323,000) - GAIN ON EXTINGUISHMENT OF DEBT: $10,963,000 TOTAL $10,476,000 Montefiore Health System Inc 555 South Broadway BLDG A FL 1 Tarrytown NY 10591 201615393 Supp Services NY 501(c)(3) 12B Type II MMAHS true Montefiore North Ambulatory Care Center 4134 Bronx Blvd bronx NY 10466 010796859 amb services NY 501(c)(3) 3 MHS true Montefiore New Rochelle Hospital 16 Guion Place New Rochelle NY 10801 462931956 Hospital NY 501(c)(3) 3 MHS true Montefiore Mount Vernon Hospital 12 North Seventh Avenue Mount Vernon NY 10550 462916938 Hospital NY 501(c)(3) 3 MHS true Schaffer Extended Care Center 16 Guion Place New Rochelle NY 10801 462929888 Nursing Home NY 501(c)(3) 3 MHS true MONTEFIORE FOUNDATION INC 111 EAST 210TH STREET BRONX NY 10467 471600439 Inactive NY 501(c)(3) 7 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10467 237160641 Staff Housing NY 501(C)(2) MMC true Mosholu Preservation Corporation 3400 Resevoir Oval East Bronx NY 10467 133109387 Community Ser NY 501(C)(3) 12A Type I MMC true Gun Hill MRI PC 200 East Gun Hill Road Bronx NY 10467 133734486 Diag Services NY 501(C)(3) 12A Type I MMC true White Plains Hospital Ctr FoundationInc 41 East Post Road Davis Ave White Plains NY 10601 133281507 Fundraising NY 501(C)(3) 12A Type I WPHMC true Nyack Hospital Foundation 160 North Midland Avenue Nyack NY 10960 133245804 Fundraising NY 501(C)(3) 7 Nyack Hosp true The Winifred Masterson Burke Rehab Hosp 785 Mamaroneck Avenue White Plains NY 10605 131739937 Rehab Hosp NY 501(C)(3) 3 MHS true St Luke's Cornwall Hospital 70 Dubois Street Newburgh NY 125504851 141340054 Hospital NY 501(C)(3) 3 MHS true Hudson Vista Medical PC 70 Dubois Street Newburgh NY 125504851 452526738 Healthcare NY 501(C)(3) 12A Type I SLCH true Hudson Vista Physician Services PC 70 Dubois Street Newburgh NY 125504851 272020746 Healthcare NY 501(C)(3) 12A Type I SLCH true St Luke's Cornwall Health System Inc 70 Dubois Street Newburgh NY 125504851 223026261 Holding Comp NY 501(C)(3) 12A Type I MHS true St Luke's Cornwall Health SYSTEM FOUNDAT 70 Dubois Street Newburgh NY 125504851 223026263 Fundraising NY 501(C)(3) 7 SLCHS true Amos and Sarah Holden Home 70 Dubois Street Newburgh NY 125504851 141365995 Asst Living NY 501(C)(3) PF SLCHS true Goldsmith D and Mary B Johnes Home 70 Dubois Street Newburgh NY 125504851 141364666 Home for Aged NY 501(C)(3) 10 SLCHS true University Behavioral Associates Inc 111 East 210th Street Bronx NY 10467 133877781 Mgmt Services NY NA C Corp true The Montefiore IPA Inc 111 East 210th Street Bronx NY 10467 134114915 Integ Provr Assoc NY NA C Corp true MMC GI Holdings East Inc 111 East 210th Street Bronx NY 10467 721610013 Holding Company NY NA C Corp true MMC GI Holdings West Inc 111 East 210th Street Bronx NY 10467 721610015 Holding Company NY NA C Corp true Montefiore Behavioral Care IPA No 1 Inc 111 East 210th Street Bronx NY 10467 133952750 Integ Provr Assoc NY NA C Corp true Bronx Accountable Care Network IPA Inc 111 East 210th Street Bronx NY 10467 300689571 Integ Provr Assoc NY NA C Corp true Montefiore Consolidated Ventures Inc 111 East 210th Street Bronx NY 10467 611728539 Holding Company NY NA C Corp true Montefiore Insurance Company Inc 111 East 210th Street Bronx NY 10467 320436594 Inactive NY NA C Corp true Hudson Valley IPA Inc 111 East 210th Street Bronx NY 10467 383978087 Inactive NY NA C Corp true Montefiore Innovations Inc 111 East 210th Street Bronx NY 10467 475106910 Inactive NY NA C Corp true Highland Medical PC 160 North Midland Avenue Nyack NY 10960 134034481 Healthcare Serv NY NA C Corp true 8 Longview Development Corp Davis Avenue at East Post Road White Plains NY 10601 263321278 Housing NY NA C Corp true White Plains Medical Diagnostic Svcs PC 41 East Post Road White Plains NY 10601 453164626 Healthcare Serv NY NA C Corp true Cancer and 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