2015-02-04T10:53:07-06:00 2014-06-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2013-07-01 131632522 New York College of Podiatric Medicine % GREG ONAIFO NEWY 2124108100 53 East 124th street Suite New York NY 10035 greg onaifo cfo 2124108100 2015-02-04 GRANT THORNTON LLP P00740769 2124108100 2013 2016-02-25 16:41:14Z Louis L Levine 53 East 124th Street New York NY 10035 20056034 false X www.nycpm.edu X 1911 NY New York College of Podiatric Medicine provides training and education to medical students in podiatric medicine. 14 12 117 0 0 427850 337362 13379263 14598852 1926122 2071762 596257 329153 16329492 17337129 701732 672504 0 0 7936035 8019632 0 0 0 5966877 5924556 14604644 14616692 1724848 2720437 54452394 55073720 15807678 14746954 38644716 40326766 X IT IS THE COLLEGE'S MISSION TO PROVIDE TO STUDENTS SEEKING CAREERS AS DOCTORS OF PODIATRIC MEDICINE A COMPREHENSIVE MEDICAL EDUCATIONAL PROGRAM SPECIALIZING IN THE MEDICAL AND SURGICAL MANAGEMENT OF THE LOWER EXTREMITY, WITH THE ABILITY TO DIAGNOSE SYSTEMIC 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 A 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 PODI false false 10321857 672504 14598852 New York College of Podiatric Medicine provides training and education to medical students in Podiatric Medicine. The college had 404 students in 2014. 10321857 true true false false false false false false false true true false false false true true false true true false true false false false false false false false true true false false false false false false false false false false false false false true true false false false true 134 0 true 117 true false true CJ false false false false false false false false X 14 12 false false false false false false false true true false false true true true true true true true true false NY X GREG ONAIFO 2124108044 53 EAST 124TH STREET New York NY 10035 Stanley S Mandel Chairman (through ____) 0.3 X X 0 0 0 Major General William F Ward Chairman 0.3 X X 0 0 0 Eugene Webb Board Member 0.3 X 0 0 0 Keath A Greathouse Secretary 0.3 X X 0 0 0 Kathy Reilly Fallon Board Member 0.3 X 0 0 0 Susheel Bathla Board Member 0.3 X 0 0 0 Gabrial P Caprio Vice Chairman 0.3 X X 0 0 0 Peter J Norton Treasurer 0.3 X X 0 0 0 Rock G Positano Deputy Chairman 0.3 X X 0 0 0 Halina M Semla-Pulaski Board Member 0.3 X 0 0 0 Andrew A Alberti Board Member 0.3 X 0 0 0 Jordan Heller Board Member 0.3 X 0 0 0 William G Raisch Board Member 0.3 X 0 0 0 Louis L Levine President and CEO 40.0 X X 300900 0 26849 Kevin Jules Director of Surgery Department 40.0 X X 121969 0 28762 Joel Sturm Chief Operating Officer 40.0 X 161132 0 25700 Greg Onaifo Chief Financial Officer 40.0 X 136868 0 5080 Michael Trepal VP of Academic Affairs & Dean 40.0 X 174908 0 34148 Desander Mas VP of Operations 40.0 X 111740 0 20014 Eileen Chusid Dean of Pre-Clinical Sciences 40.0 X 119176 0 12892 Robert Eckles Dean,Graduate Medical Edu. 40.0 X 110109 0 7581 Evan Kobolakis VP of Information Technology 40.0 X 102271 0 9687 1339073 0 170713 9 false true false Frawley Plaza LLC PO Box 600 WEST EW YORK NJ 07093 Student Housing Rent 1073736 US Security Associates Inc PO Box 931703 ATLANTA GA 31193 Security 384810 Jenzabar PO Box 55018 BOSTON MA 022055018 R & M Contracts 144593 Xerox Corporation PO Box 827181 PHILADELPHIA PA 191827181 Copying 342094 Sanmar Building Services LLC 134 West 29th Street Suite 704 NEW YORK NY 10001 office maintenance 196064 5 163005 174357 337362 STUDENT TUITION FEES 611600 12175055 12175055 RESIDENCY LECTURE 611600 1012044 1012044 CLINIC SERVICE 621400 588090 588090 RESIDENCY PROGRAM 611600 420287 420287 CONTINUING EDUCATION 611600 403376 403376 14598852 2587844 2409783 0 0 110494 110494 0 110494 110494 2202823 2718905 -516082 -516082 -338020 0 0 0 MANAGEMENT FEES 541610 93864 93864 PARKING LOT REVENUE 812930 72285 72285 AWARD CEREMONY 900099 23352 23352 29158 29158 218659 17337129 14598852 2400916 0 0 672504 672504 0 0 0 0 807260 565082 242178 0 0 0 0 0 5652457 3956720 1695737 0 0 0 0 0 1036793 725755 311038 0 523122 366185 156937 0 0 0 0 0 202025 141418 60607 0 159399 0 159399 0 0 0 0 0 0 0 0 0 0 980044 686031 294013 0 22971 16080 6891 0 237849 166494 71355 0 63262 44283 18979 0 0 0 0 0 1477762 1034433 443329 0 117139 81997 35142 0 0 0 0 0 0 0 0 0 24133 16893 7240 0 0 0 0 0 899916 629942 269974 0 342376 239663 102713 0 STUDENT CLINICAL TRAINING 630926 441649 189277 EQUIPMENT RENTAL 338935 237255 101680 GUEST LECTURES 286078 200254 85824 FINANCIAL AID 78000 54600 23400 63741 44619 19122 14616692 10321857 4294835 0 460741 613069 2355344 1188954 0 0 5466915 5823641 0 0 0 0 0 0 26685 28296 93256 107436 21909132 14634637 7514503 7274495 35960241 37369256 2574709 2668573 0 0 0 0 0 0 54452394 55073720 2049010 2110015 0 0 2525940 2957932 0 0 0 0 0 0 0 0 0 0 11232728 9679007 15807678 14746954 X 37006547 38477598 1448855 1659854 189314 189314 38644716 40326766 54452394 55073720 X 2720437 1694894 -2733281 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 664034 76845 10113 730766 625105 49231 10302 664034 592549 44527 11971 625105 564719 37427 9597 592549 541826 65500 31491 74098 564719 0.25906 0.74094 false false 236166 236166 13503639 7798714 5704925 4457004 3481074 975930 3712323 3354849 357474 7274495 0 REFUNDABLE LOAN PROGRAM 4279081 LINE OF CREDIT 4900000 CAPITAL LEASE OBLIGATION 499926 9679007 X 18359519 1694894 1694894 16664625 672504 672504 17337129 13944188 13944188 672504 672504 14616692 Part X, Line 2 The college and Podia adopted the provisions of accounting for Uncertainties in Income taxes - An interpretation of FASB statement No. 109, now incorporated in accounting standards codification ("ASC") 740. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurements. This standard provides that the tax effects from an uncertain tax position can be recognized in the financial statement only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The College may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ended June 30, 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes. Management believes that there are no uncertain tax positions within the accompanying consolidated financial statements. Within the accompanying consolidated financial statements. Part V, Line 4 The College's endowment consists of approximately 21 individual funds established for various purposes. Part XI & Part XII - Line 4b Scholarships Included in Income on Financial Statements $672,504 ---------- Total $672,504 true true true true true true true false false false false false false false false true false true LINE 3 It is the college's mission to provide students seeking careers as doctors of podiatric medicine, a comprehensive medical education program specializing in the medical and surgical diseases and their lower extremity manifestations. The college will thus prepare these students for licensure, entry into graduate medical education and ultimately 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 has approximately 404 full-time students. Central America and the Caribbean Investments 2668573 2668573 2668573 false false true false false false true Merit Based Scholarships 159 672504 CASH Part I, Line 2 The College awards merit-based scholarships to incoming freshmen as well as continuing students. Scholarships awarded to freshmen are determined by the admissions committee. Eligibility for these scholarships is determined through a combination of 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. X X X X false false false false false false false false false Louis L Levine President and CEO 300900 0 0 0 0 0 25875 0 1648 0 328423 0 0 0 Joel Sturm Chief Operating Officer 161132 0 0 0 0 0 9668 0 16393 0 187193 0 0 0 Michael Trepal VP of Academic Affairs & Dean 174908 0 0 0 0 0 17491 0 17049 0 209448 0 0 0 Kevin Jules Director of Surgery Department 121969 0 0 0 0 0 12100 0 16935 0 151004 0 0 0 Form 990, Part VI, section B, Line 11 Process used to review form 990 The 990 is reviewed by the Accounting Manager, Vice President of Finance and the President & Chief Executive Officer. The final copy of the 990 is distributed to members of the board of trustees before filing. Form 990, Part VI, section B, Line 12c Enforcement and monitoring of conflict of interest policy The conflict of interest policy is signed by all members of the board, officers and key employees. Members of the board of trustees sign at the beginning of their tenure, and at other times that management deems necessary. Officers, key employees and others sign the conflict of interest policy at the initial hiring process, upon orientation. The conflict of interest form consists of four basic questions with the instruction to elaborate should any response yield a positive answer. Should any of the responses pose a potential problem, the manager of human resources will immediately inform the vice president of administration. The vice president of administration will take one of several courses: 1 - Make a determination that there is no real problem, and if not, a note will be placed in the employee's file. 2 - In case of determination of a potential problem, the vice president of administration immediately brings it to the attention of the president and chief executive officer for appropriate action. If it becomes known that an employee lied on his/her conflict of interest form, or any other documents, he/she may be terminated immediately. Employees are reminded at the time of orientation that should any change in status take place, they are to immediately inform human resources. On occasion, the college has sent out reminders to all employees and asked for updated forms. Form 990, Part VI, Section B, Line 15 Process for determining compensation The board of trustees of the New York College of Podiatric Medicine maintains a compensation committee, whose function is to determine appropriate compensation for the President & Chief Executive Officer. 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 & 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 (Jaffe 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 & 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 & Chief Executive Officer. No other officers or key employees maintain contracts, They are all at-will employees. Form 990, part vi, section c, line 19 Availability of documents to the public The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Reserve of due from related party receivable ($2,733,281) Podia Insurance Limited PO Box 1109GT Grand Cayman CJ Insurance CJ NA C Corp 264620 4486641 true false false false false false false false false false false false false false false true false false false