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NEW YORK COLLEGE OF PODIATRIC MEDICINE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
NEW YORK COLLEGE OF PODIATRIC MEDICINE (EIN 13-1632522)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-02-15
IRS object ID
201740469349301394
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-02-15T16:26:02-06:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUEAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281633ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131632522EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW YORK COLLEGE OF PODIATRIC MEDICINEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWYBusinessNameControlTxt
Phone2124108100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 EAST 124TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10035ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREG ONAIFOPersonNm
Person TitleCFOPersonTitleTxt
Phone2124108100PhoneNum
Signature2017-02-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone9143818900PhoneNum
Preparation2017-02-15PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLOUIS L LEVINEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 EAST 124TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10035ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$19,045,406GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NYCPM.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1911FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionNEW YORK COLLEGE OF PODIATRIC MEDICINE PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN PODIATRIC MEDICINE.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee119TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$367,308PYContributionsGrantsAmt
CY Contributions Grants$627,230CYContributionsGrantsAmt
PY Program Service Revenue$15,058,824PYProgramServiceRevenueAmt
CY Program Service Revenue$14,970,916CYProgramServiceRevenueAmt
PY Investment Income$1,884,832PYInvestmentIncomeAmt
CY Investment Income$1,455,640CYInvestmentIncomeAmt
PY Other Revenue$574,656PYOtherRevenueAmt
CY Other Revenue$329,685CYOtherRevenueAmt
PY Total Revenue$17,885,620PYTotalRevenueAmt
CY Total Revenue$17,383,471CYTotalRevenueAmt
PY Grants And Similar Paid$670,449PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$975,717CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$7,642,219PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,485,046CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$6,893,103PYOtherExpensesAmt
CY Other Expenses$7,602,492CYOtherExpensesAmt
PY Total Expenses$15,205,771PYTotalExpensesAmt
CY Total Expenses$15,063,255CYTotalExpensesAmt
PY Revenues Less Expenses$2,679,849PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,320,216CYRevenuesLessExpensesAmt
Total Assets BOY$54,617,882TotalAssetsBOYAmt
Total Assets EOY$53,676,712TotalAssetsEOYAmt
Total Liabilities BOY$15,118,138TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,550,973TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$39,499,744NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$39,125,739NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,938,650ExpenseAmt
Grant$975,717GrantAmt
Revenue$14,970,916RevenueAmt
DescNEW YORK COLLEGE OF PODATRIC MEDICINE PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN PODIATRIC MEDICINE.Desc
Total Program Service Expenses$10,938,650TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document105IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee119EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCJForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREG ONAIFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2124108100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 EAST 124TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10035ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
LOUIS L LEVINE
PRESIDENT AND CEO40.00Yes (X)Yes (X)$300,000$0$27,728
MAJOR GENERAL WILLIAM F WARD
CHAIRMAN0.30Yes (X)Yes (X)$0$0$0
GABRIEL P CAPRIO
VICE CHAIRMAN0.30Yes (X)Yes (X)$0$0$0
ROCK G POSITANO DPM
DEPUTY CHAIRMAN0.30Yes (X)Yes (X)$0$0$0
KEITH A GREATHOUSE
SCERETARY0.30Yes (X)Yes (X)$0$0$0
PETER J NORTON
TREASURER0.30Yes (X)Yes (X)$0$0$0
ANDREW A ALTERTI
BOARD MEMBER0.30Yes (X)$0$0$0
SUSHEEL BATHLA DPM
BOARD MEMBER0.30Yes (X)$0$0$0
BENJAMIN B CHOI
BOARD MEMBER0.30Yes (X)$0$0$0
KATHLEEN REILLY FALLON DPM
BOARD MEMBER0.30Yes (X)$0$0$0
JORDAN HELLER
BOARD MEMBER0.30Yes (X)$0$0$0
WILLIAM G RAISCH
BOARD MEMBER0.30Yes (X)$0$0$0
HALINA M SEMLA-PULASKI DPM
BOARD MEMBER0.30Yes (X)$0$0$0
JOEL STURM
CHIEF OPERATING OFFICER40.00Yes (X)$184,644$0$36,202
GREG ONAIFO
CHIEF FINANCIAL OFFICER40.00Yes (X)$154,500$0$6,037
KEVIN JULES
DIRECTOR OF SURGERY DEPT.40.00Yes (X)$137,430$0$29,733
MICHAEL TREPAL
VP OF ACADEMIC AFFAIRS & DEAN40.00$197,435$0$37,510Yes (X)
DESANDER MAS
VP OF OPERATIONS40.00$133,500$0$21,629Yes (X)
EILEEN CHUSID
DEAN OF PRE-CLINICAL SERVICES40.00$129,000$0$14,245Yes (X)
ROBERT ECKLES
DEAN OF GRADUATE MEDICAL EDUCATION40.00$144,844$0$10,071Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,381,353TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$183,155TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
US SECURITY ASSOCIATES INC
PO BOX 931703ATLANTAGA31193SECURITY$378,699
PROMENET INC
41 BROADWAY 16TH FLOORNEW YORKNY10004COMPUTER SUPPORT$274,695
GRANT THORNTON LLP
757 3RD AVENUE 4TH FLOORNEW YORKNY10017ACCOUNTING$147,171
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Government Grants$195,668GovernmentGrantsAmt
All Other Contributions$431,562AllOtherContributionsAmt
Total Contributions$627,230TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT TUITION AND FEES611600$12,544,797$12,544,797
RESIDENCY LECTURE611600$1,032,450$1,032,450
CLINIC SERVICE621400$604,238$604,238
RESIDENCY PROGRAM611600$486,719$486,719
CONTINUING EDUCATION611600$302,712$302,712
FieldValueIRS element (for citing)
Total Program Service Revenue$14,970,916TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,415,624TotalRevenueColumnAmt
Exclusion$1,415,624ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$135,263RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$135,263RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$135,263TotalRevenueColumnAmt
Exclusion$135,263ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,701,951SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,661,935SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$40,016SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$40,016TotalRevenueColumnAmt
Exclusion$40,016ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,005GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,005TotalRevenueColumnAmt
Exclusion$2,005ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
MISC. REVENUE900099$133,392$133,392
PARKING LOT REVENUE900099$59,025$59,025
FieldValueIRS element (for citing)
Other Revenue Total$192,417OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,383,471TotalRevenueColumnAmt
Related Or Exempt Func Income$14,970,916RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,785,325ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$975,717TotalAmt
Program Services$975,717ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$869,966TotalAmt
Program Services$608,976ProgramServicesAmt
Management And General$260,990ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,373,363TotalAmt
Program Services$3,061,354ProgramServicesAmt
Management And General$1,312,009ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$325,404TotalAmt
Program Services$227,783ProgramServicesAmt
Management And General$97,621ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$352,354TotalAmt
Program Services$246,648ProgramServicesAmt
Management And General$105,706ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$563,959TotalAmt
Program Services$394,771ProgramServicesAmt
Management And General$169,188ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$39,416TotalAmt
Program Services$27,591ProgramServicesAmt
Management And General$11,825ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$146,750TotalAmt
Management And General$146,750ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,051,415TotalAmt
Program Services$735,990ProgramServicesAmt
Management And General$315,425ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$14,165TotalAmt
Program Services$9,915ProgramServicesAmt
Management And General$4,250ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$505,096TotalAmt
Program Services$353,567ProgramServicesAmt
Management And General$151,529ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$40,601TotalAmt
Program Services$28,421ProgramServicesAmt
Management And General$12,180ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,685,979TotalAmt
Program Services$1,180,185ProgramServicesAmt
Management And General$505,794ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$129,996TotalAmt
Program Services$90,997ProgramServicesAmt
Management And General$38,999ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$120,352TotalAmt
Program Services$84,246ProgramServicesAmt
Management And General$36,106ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$124,312TotalAmt
Program Services$87,018ProgramServicesAmt
Management And General$37,294ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$961,417TotalAmt
Program Services$672,992ProgramServicesAmt
Management And General$288,425ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$369,523TotalAmt
Program Services$258,666ProgramServicesAmt
Management And General$110,857ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
REPAIRS AND MAINTENANCE$817,797$572,458$245,339
STUDENT CLINIC TRAINING$681,269$681,269
GUEST LECTURES$353,404$247,383$106,021
EQUIPMENT RENTAL$327,602$229,321$98,281

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$233,398TotalAmt
Program Services$163,382ProgramServicesAmt
Management And General$70,016ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$15,063,255TotalAmt
Program Services$10,938,650ProgramServicesAmt
Management And General$4,124,605ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,896BOYAmt
EOY$1,728EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,002,372BOYAmt
EOY$2,345,276EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$561,731BOYAmt
EOY$488,459EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$20,563BOYAmt
EOY$21,630EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$108,126BOYAmt
EOY$66,560EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$22,645,426LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$16,551,999LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,911,355BOYAmt
EOY$6,093,427EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$36,920,715BOYAmt
EOY$36,231,232EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$3,012,654BOYAmt
EOY$3,312,918EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$5,078,470BOYAmt
EOY$5,115,482EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$54,617,882BOYAmt
EOY$53,676,712EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,615,895BOYAmt
EOY$1,463,300EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,207,507BOYAmt
EOY$3,495,845EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$5,600,000BOYAmt
EOY$5,200,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,694,736BOYAmt
EOY$4,391,828EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,118,138BOYAmt
EOY$14,550,973EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$37,585,317BOYAmt
EOY$36,984,121EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,725,113BOYAmt
EOY$1,952,304EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$189,314BOYAmt
EOY$189,314EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$39,499,744BOYAmt
EOY$39,125,739EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$54,617,882BOYAmt
EOY$53,676,712EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,320,216ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$463,068NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$3,157,289OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$743,670BeginningYearBalanceAmt
Investment Earnings Or Losses$32,028InvestmentEarningsOrLossesAmt
Other Expenditures$10,408OtherExpendituresAmt
End Year Balance$765,290EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$730,866BeginningYearBalanceAmt
Investment Earnings Or Losses$23,030InvestmentEarningsOrLossesAmt
Other Expenditures$10,226OtherExpendituresAmt
End Year Balance$743,670EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$664,034BeginningYearBalanceAmt
Investment Earnings Or Losses$76,845InvestmentEarningsOrLossesAmt
Other Expenditures$10,013OtherExpendituresAmt
End Year Balance$730,866EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$625,105BeginningYearBalanceAmt
Investment Earnings Or Losses$49,231InvestmentEarningsOrLossesAmt
Other Expenditures$10,302OtherExpendituresAmt
End Year Balance$664,034EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$592,549BeginningYearBalanceAmt
Investment Earnings Or Losses$44,527InvestmentEarningsOrLossesAmt
Other Expenditures$11,971OtherExpendituresAmt
End Year Balance$625,105EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.24740PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.75260TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$236,166OtherCostOrOtherBasisAmt
Book Value$236,166BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,635,481OtherCostOrOtherBasisAmt
Depreciation$8,726,604DepreciationAmt
Book Value$4,908,877BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,965,286OtherCostOrOtherBasisAmt
Depreciation$4,228,558DepreciationAmt
Book Value$736,728BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,808,493OtherCostOrOtherBasisAmt
Depreciation$3,596,837DepreciationAmt
Book Value$211,656BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,093,427TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescINVESTMENT IN PODIA INSURANCE LIMITEDDesc
Book Value$3,312,918BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$3,312,918TotalBookValueSecuritiesAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescSTUDENT LOAN RECEIVABLESDesc
Book Value$5,115,482BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$5,115,482TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CAPITAL LEASE OBLIGATIONS$126,890
REFUNDABLE LOAN PROGRAMS$4,264,938
FieldValueIRS element (for citing)
Total Liability$4,391,828TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$17,043,890TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$463,068NetUnrealizedGainsInvstAmt
Other Revenue$422,233OtherRevenueAmt
Revenue Not Reported$885,301RevenueNotReportedAmt
Revenue Subtotal$16,158,589RevenueSubtotalAmt
Other Revenues Not Included$1,224,882OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,224,882RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$17,383,471TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,260,606TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$121,969OtherExpensesIncludedAmt
Expenses Not Reported$121,969ExpensesNotReportedAmt
Expenses Subtotal$14,138,637ExpensesSubtotalAmt
Other Expenses Not Included$924,618OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$924,618ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$15,063,255TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE COLLEGE'S PERMANENTLY RESTRICTED ENDOWMENTS CONSIST OF INDIVIDUAL FUNDS ESTABLISHED FOR VARIOUS PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INCOME GENERATED FROM PERMANENTLY RESTRICTED ENDOWMENTS IS RECORDED WITHIN TEMPORARILY RESTRICTED INVESTMENT RETURN. IN SEPTEMBER 2010, THE STATE OF NEW YORK PASSED THE NEW YORK UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("NYPMIFA"), A VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA"). ALL NOT-FOR-PROFIT ORGANIZATIONS FORMED IN NEW YORK MUST APPLY THIS LAW. THE COLLEGE DOES NOT HAVE A SPENDING POLICY FOR DONORRESTRICTED ENDOWMENTS, HOWEVER, THE COLLEGE FOLLOWS THE RESPECTIVE DONOR STIPULATIONS IN EXPENDING INCOME AND GAINS FROM ITS DONOR RESTRICTED ENDOWMENT FUNDS.
PART X, LINE 2:THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COLLEGE HAD NO TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2013.
PART XI, LINE 2D - OTHER ADJUSTMENTS:REVENUES OF CONSOLIDATED ENTITIES IN FINANCIAL STATEMENTS 422,233.
PART XI, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS RECLASSED TO PART IX, LINE 2 837,118. ELIMINATIONS FROM CONSOLIDATED ENTITIES IN FINANCIAL STATEMENTS 387,764.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSES OF CONSOLIDATED ENTITIES IN FINANCIAL STATEMENTS 121,969.
PART XII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS RECLASSED TO PART IX, LINE 2 837,118. ELIMINATIONS FROM CONSOLIDATED ENTITIES IN FINANCIAL STATEMENTS 87,500.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE COLLEGE'S NONDISCRIMINATORY POLICIES ARE AVAILABLE ON ITS WEBSITE FOR PUBLIC INSPECTION.
SCHEDULE E, PART I, LINE 6THE COLLEGE RECEIVES FINANCIAL AID ON BEHALF OF ITS STUDENTS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEANRegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConductedTxt
Region Total Expenditures$3,312,918RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$3,312,918SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$3,312,918TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
MERIT-BASED SCHOLARSHIPS140$837,118
FINANCIAL AID66$138,599

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE COLLEGE AWARDS MERIT-BASED SCHOLARHSIPS TO INCOMING FRESHMAN AS WELL AS CONTINUING STUDENTS. SCHOLARSHIPS AWARDED TO FRESHMAN ARE DETERMINED BY THE ADMISSIONS COMMITTEE. ELIGIBILITY FOR THESE SCHOLARSHIPS IS DETERMINED THROUGH A COMBINATION OF THEIR UNDERGRADUATE CUMULATIVE SCIENCE GPA, RANKING OF THE COLLEGE ATTENDED, AND THE SCORE ACHIEVED ON THE MCAT, A STANDARDIZED MEDICAL SCHOOL ADMISSIONS TEST. FOR CONTINUING STUDENTS, THE TOP FIVE STUDENTS WITH A CUMULATIVE GPA OF 3.7 OR HIGHER FOR EACH GRADE, 2ND, 3RD, AND 4TH YEAR STUDENTS, RECEIVE THESE SCHOLARSHIPS. THE COLLEGE DOES NOT NEED TO MONITOR THE USE OF SCHOLARSHIP FUNDS AS THOSE AMOUNTS ARE DIRECTLY SPENT TO DEFRAY THE COST OF TUITION. THERE IS NO OPPORTUNITY FOR THE FUNDS TO BE DIRECTED FOR ANOTHER PURPOSE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LOUIS L LEVINE
PRESIDENT AND CEO$300,000$0$0$0$0$0$26,000$0$1,728$0$327,728$0$0$0
JOEL STURM
CHIEF OPERATING OFFICER$184,644$0$0$0$0$0$18,464$0$17,738$0$220,846$0$0$0
GREG ONAIFO
CHIEF FINANCIAL OFFICER$154,500$0$0$0$0$0$4,635$0$1,402$0$160,537$0$0$0
KEVIN JULES
DIRECTOR OF SURGERY DEPT.$137,430$0$0$0$0$0$12,100$0$17,633$0$167,163$0$0$0
MICHAEL TREPAL
VP OF ACADEMIC AFFAIRS & DEAN$197,435$0$0$0$0$0$19,743$0$17,767$0$234,945$0$0$0
DESANDER MAS
VP OF OPERATIONS$133,500$0$0$0$0$0$4,005$0$17,624$0$155,129$0$0$0
ROBERT ECKLES
DEAN OF GRADUATE MEDICAL EDUCATION$144,844$0$0$0$0$0$8,691$0$1,380$0$154,915$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1IT IS THE COLLEGE'S MISSION TO PROVIDE TO STUDENTS SEEKING CAREERS AS DOCTORS OF PODIATRIC MEDICINE A COMPREHENSIVE MEDICAL EDUCATION PROGRAM SPECIALIZING IN THE MEDICAL AND SURGICAL MANAGEMENT OF THE POWER EXTREMITY, WITH THE ABILITY TO DIAGNOSE SYSTEMATIC DISEASES AND THEIR LOWER EXTREMITY MANIFESTATIONS. THE COLLEGE WILL PREPARE STUDENTS FOR ELIGIBILITY FOR GRADUATE MEDICAL EDUCATION, LICENSURE, AND PRACTICE. FURTHERMORE, IT IS THE COLLEGE'S MISSION TO PROMOTE STATE-OF-THE-ART PATIENT CARE IN AFFILIATED FACILITIES, AND TO PURSUE RESEARCH TO CONTINUOUSLY ADVANCE THE ART AND SCIENCE OF PODIATRIC MEDICINE. THE COLLEGE ACCOMPLISHES THIS MISSION BY STRIVING TO ACHIEVE THE FOLLOWING GOALS: - PROVIDE A QUALITY EDUCATIONAL ENVIRONMENT BASED UPON COMPREHENSIVE PRE-CLINICAL AND CLINICAL SCIENCE CURRICULUM - PROVIDE SKILLED AND QUALIFIED FACULTY TO DELIVER THE EDUCATIONAL PROGRAM - RECRUIT, ACCEPT, ENROLL, AND RETAIN HIGHLY QUALIFIED STUDENTS - PROVIDE STUDENT SERVICES THAT SUPPORT THE PODIATRIC MEDICAL EDUCATIONAL PROGRAM - DEVELOP QUALITY GRADUATE MEDICAL EDUCATION LEADING TO ELIGIBILITY FOR BOARD CERTIFICATION. - PROVIDE QUALITY CONTINUING MEDICAL EDUCATION PROGRAMS - MAINTAIN EXISTING AND DEVELOP NEW AFFILIATIONS WITH ACADEMIC A INSTITUTIONS, HOSPITALS, EXTENSION/SATELLITE CLINICS AND/OR COMMUNITY HEALTH CENTERS TO ENHANCE THE EDUCATION OF OUR STUDENTS - SUPPORT PRE-CLINICAL, CLINICAL AND EDUCATIONAL RESEARCH - SERVE AS A GLOBAL RESOURCE TO PROVIDE INFORMATION AND EDUCATION ON PODIATRIC MEDICINE - ADAPT THE COLLEGE TO THE EVER-CHANGING EDUCATIONAL AND HEALTH CARE ENVIRONMENTS TO PROMOTE ITS EDUCATIONAL QUALITY AND FINANCIAL STABILITY
FORM 990, PART VI, SECTION B, LINE 11THE NEW YORK COLLEGE OF PODIATRIC MEDICINE HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, MANAGEMENT REVIEWS THE 990 AND APPROVES IT TO BE FILED WITH THE IRS. AFTER FILING THE 990 A COPY OF THE 990 IS ELECTRONICALLY SENT TO THE BOARD FOR THEIR APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CPER THE COLLEGE'S POLICY, CONFLICT OF INTEREST STATEMENTS ARE PROVIDED UPON MEMBERS' ELECTION AND ARE TO BE COMPLETED AND RETURNED. WHEN CONFLICT OF INTEREST POLICIES ARE UPDATED, THE POLICIES ARE DISTRIBUTED AND IF ANY MEMBER HAS A POTENTIAL CONFLICT, A NEW CONFLICT OF INTEREST STATEMENT SHOULD BE COMPLETED AND RETURNED. BASED ON DISCRETION OF MANAGEMENT, NEW CONFLICT OF INTEREST STATEMENT MAY BE REQUIRED WHEN A POTENTIAL CONFLICT MAY BE SUSPECTED. THE ORGANIZATION, ON AN ANNUAL BASIS, HAS ITS BOARD MEMBERS, OFFICERS, AND EMPLOYEES DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ALL POSITIVE RESPONSES TO A POSSIBLE CONFLICT OF INTEREST, BE IT FROM A BOARD MEMBER OR AN EMPLOYEE, ARE BROUGHT TO THE ATTENTION OF THE COO AND THE PRESIDENT. SHOULD IT BE A BOARD MEMBER, THE ISSUE IS ALSO BROUGHT TO THE ATTENTION OF THE CHAIR OF THE BOARD. A REVIEW IS FIRST CONDUCTED TO ASCERTAIN WHETHER THERE IS A MATERIAL CONFLICT. SHOULD THERE BE AN ISSUE, THE INDIVIDUAL IS CALLED IN TO DISCUSS THE PARTICULARS. IF IT IS DETERMINED THAT A CONFLICT EXISTS, THE ADMINISTRATION CAN OFFER THE INDIVIDUAL THE OPPORTUNITY TO CORRECT THIS MISTAKE. SHOULD THE EMPLOYEE REFUSE TO, THE ADMINISTRATION IS WELL WITHIN ITS RIGHTS TO TERMINATE THE EMPLOYEE.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF TRUSTEES OF THE NEW YORK COLLEGE OF PODIATRIC MEDICINE MAINTAINS A COMPREHENSIVE COMMITTEE, WHOSE FUNCTION IS TO DETERMINE APPROPRIATE COMPENSATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. ON AN ANNUAL BASIS, AN ANALYSIS IS PERFORMED BY AN INDEPENDENT CONSULTANT TO ASSESS LOCAL TRENDS IN COMPENSATION AND ADJUSTMENTS ARE MADE TO THE STAFF SALARY RANGES AS NECESSARY. EVERY FEW YEARS, THE COLLEGE HIRES AN INDEPENDENT CONSULTANT TO PERFORM AN INTENSIVE MARKET STUDY TO EVALUATE NYCPM'S STAFF COMPENSATION PROGRAM AGAINST THOSE OF OTHER COLLEGES AND NOT-FOR-PROFIT ORGANIZATIONS. THE MOST RECENT INTENSIVE MARKET STUDY WAS PERFORMED IN 2015. THE CONSULTANT PROVIDES ANALYSES OF SALARY DATA SURVEYS AND MAKES RECOMMENDATIONS TO MANAGEMENT. THE CHAIRMAN OF THE BOARD OF TRUSTEES, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, WITH OR WITHOUT INPUT FROM INDEPENDENT CONSULTANTS, PRESENTS TO THE BOARD THE RECOMMENDATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE ENTIRE BOARD THEN DELIBERATES AND VOTES ON THE RECOMMENDATION. THE BOARD'S DECISION ON THE MATTER IS FORWARDED TO THE VICE PRESIDENT OF FINANCE AND VICE PRESIDENT OF ADMINISTRATION FOR ACTION. FOR OFFICERS, KEY EMPLOYEES, AND OTHER PERSONNEL, THE OFFICE OF THE VICE PRESIDENT OF ADMINISTRATION WILL GATHER INFORMATION (YAFFE AND COMPANY, HIGHEREDJOBS.COM, BUREAU OF LABOR STATISTICS, AND OTHER SOURCES) AND PRESENT TO THE PRESIDENT AT SUCH TIMES THAT SALARIES ARE TO BE REVIEWED. THE FINAL DECISION IS MADE BY THE PRESIDENT WITH INPUT FROM THE VICE PRESIDENT OF FINANCE FOR BUDGETARY REASONS. IN SUMMARY, THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER'S AND TOP OFFICER'S COMPENSATIONS ARE REVIEWED BASED ON COMPARABILITY DATA AND CAREFUL DELIBERATION BY EITHER THE CHAIRMAN OF THE BOARD AND THE COMPENSATION COMMITTEE OR THE PRESIDENT AND HIS SENIOR OFFICERS. ONLY THE PRESIDENT MAINTAINS A WRITTEN CONTRACT FROM THE BOARD OF TRUSTEES. THE EXECUTIVE VICE PRESIDENT MAINTAINS A CONTRACT AUTHORIZED BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. NO OTHER OFFICERS OR KEY EMPLOYEES MAINTAIN CONTRACTS; THEY ARE AT-WILL EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 53 EAST 124TH STREET, NEW YORK, NY 10035...OR BY CALLING THE ORGANIZATION DIRECTLY AT (212)410-8100.
FORM 990, PART XI, LINE 9:RESERVE OF DUE FROM RELATED PARTY RECEIVABLE -3,157,289.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PODIA INSURANCE LIMITEDBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1109GTAddressLine1Txt
Province Or StateGRAND CAYMANProvinceOrStateNm
CountryCJCountryCd
FieldValueIRS element (for citing)
Primary ActivitiesINSURANCEPrimaryActivitiesTxt
Legal Domicile Foreign CountryCJLegalDomicileForeignCountryCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NEW YORK COLLEGE OF PODIATRIC MEDICINEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$422,233ShareOfTotalIncomeAmt
Share Of EOY Assets$4,222,757ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PODIA INSURANCE LIMITEDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypePTransactionTypeTxt
Involved$87,500InvolvedAmt
Method Of Amount DeterminationCOSTMethodOfAmountDeterminationTxt