2014-02-12T12:02:42-06:00 2013-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2012-07-01 131632522 New York College of Podiatric Medicine % GREG ONAIFO NEWY 2124108100 53 East 124th Street Suite New York NY 10035 greg onaifo 2014-02-12 Laura Kielczewski 2125990100 2012 2015-11-30 17:44:51Z Louis L Levine 53 East 124th Street New York NY 10035 17241025 false X www.nycpm.edu X 1911 NY New York College of Podiatric Medicine provides training and education to medical students in podiatric medicine. 12 10 117 0 0 592849 427850 13152185 13379263 1556252 1926122 552004 596257 15853290 16329492 465865 701732 0 0 7591943 7936035 0 0 0 5437929 5966877 13495737 14604644 2357553 1724848 52784727 54452394 14118580 15807678 38666147 38644716 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 PREPAREs 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 PODIATRI false false 10317266 701732 13379263 New York College of Podiatric Medicine provides training and education to medical students in Podiatric Medicine. The college had 401 students in 2013. 10317266 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 12 10 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 0.3 X X 0 0 Major General William F Ward 0.3 X X 0 0 Eugene Webb 0.3 X X 0 0 Louis L Levine 40.0 X X 302100 0 31894 Keith A Greathouse 0.3 X X 0 0 Kathy Reilly Fallon 0.3 X 0 0 Susheel Bathla 0.3 X 0 0 Gabriel P Caprio 0.3 X 0 0 Peter J Norton 0.3 X 0 0 Rock G Positano 0.3 X X 0 0 Halina M Semla-Pulaski 0.3 X 0 0 Kevin Jules 40.0 X X 120458 0 28380 Joel Strum 40.0 X 151471 0 24577 Greg Onaifo 40.0 X 129016 0 5166 Michael Trepal 40.0 X 168391 0 33226 William Graham 40.0 X 122500 0 13531 desander mas 40.0 X 106299 0 19437 1100235 0 156211 7 false true false Frawley Plaza LLC PO Box 600 West NEW YORK NY 07093 Rent Leases 742691 us security associates inc po box 931703 ATLANTA GA 31193 security 347919 grant thornton llp 666 third avenue NEW YORK NY 10017 audit 178239 Xerox corporation PO Box 827181 PHILADELPHIA PA 19182 Machine Leasing 322278 coverall north america inc 1050 wall stree west suite 220 LYNDHURST NJ 07071 Facility Cleaning 208033 5 194049 233801 427850 TUITION AND FEES 611600 11465189 11465189 RESIDENCY LECTURES 611600 974963 974963 CLINIC SERVICE 621400 471426 471426 RESIDENCY PROGRAM 611600 95434 95434 CONTINUING EDUCATION 611600 372251 372251 13379263 1643067 1643067 0 0 100971 100971 0 100971 100971 1194588 283055 911533 283055 283055 283055 283055 0 0 0 MANAGEMENT FEES 541610 360598 360598 PARKING LOT REVENUE 812930 61543 61543 SALE OF MERCHANDISE 451211 3504 3504 69641 69641 495286 16329492 13379263 2522379 0 701732 701732 0 0 994679 696275 298404 0 5242520 3669764 1572756 0 0 1172667 820867 351800 526169 368318 157851 0 53276 37293 15983 132622 132622 0 0 0 747904 523533 224371 11170 7819 3351 249223 174456 74767 59906 41934 17972 0 1273559 891491 382068 87057 60940 26117 0 0 100715 70501 30214 0 825974 578182 247792 316261 221383 94878 BAD DEBT EXPENSE 46723 32706 14017 STUDENT CLINICAL SERVICE 569248 398474 170774 EQUIPMENT RENTAL 383238 268267 114971 FINANCIAL AID 78900 55230 23670 1031101 698101 333000 14604644 10317266 4287378 0 408935 460741 1811426 2355344 0 0 4977735 5466915 0 0 0 0 0 0 31106 26685 99456 93256 21249224 13734721 7501589 7514503 34775287 35960241 3179193 2574709 0 0 0 0 0 0 52784727 54452394 1433016 2049010 0 0 1795222 2525940 0 0 0 0 0 0 0 0 0 0 10890342 11232728 14118580 15807678 X 37192140 37006547 1284693 1448855 189314 189314 38666147 38644716 52784727 54452394 X 1724848 530119 -2276398 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 625105 49231 10302 664034 592549 44527 11971 625105 564719 37427 9597 592549 541826 65500 31491 74098 564719 572288 500 -17043 13919 541826 0.28510 0.71490 false false 236166 236166 13442094 7326939 6115155 3920005 3182864 737141 3650959 3224918 426041 7514503 0 REFUNDABLE LOAN PROGRAM 4279081 LINE OF CREDIT 6620000 CAPITAL LEASE OBLIGATION 333647 11232728 X 15632295 530119 530119 15102176 1227316 1227316 16329492 13377328 13377328 1227316 1227316 14604644 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 June 30, 2010, 2011, 2012 and 2013 are still open to audit for both federal and state purposes. Management determined that there are no uncertain tax positions within the accompanying consolidated financial statements. Part V, Line 4 The College's endowment consists of approximately 21 individual funds established for a variey of purposes. Part XI &Part XII - Line 4b Scholarships Included in Income on Financial Statements - $622,832 Reclassification of podia loss - $604,484 ---------- Total $1,227,316 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 401 full-time students. Central America and the Caribbean Investments 2574709 2574709 2574709 false false true false false false true Merit Based Scholarships 153 701732 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 X false false false false false false false false false Louis L Levine 302100 0 30210 1684 333994 0 Joel Strum 151471 0 9088 15489 176048 0 Michael Trepal 168391 0 16839 16387 201617 0 Form 990, Part VI, Section B, Line 11 Process used to review form 990 The 990 is prepared and reviewed by an independent public accounting firm and then it is reviewed by the College's Accounting Manager, the chief financial Officer and the 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 cfo 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 cfo 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 ($2,276,398) Podia Insurance Limited PO Box 1109GT Grand Cayman BWI CJ Insurance CJ NA C-Corp 109731 4459472 1.00000 true false false false false false false false false false false false false false false false true false false false Podia Insurance Limited p 87500 fmv