NEW YORK COLLEGE OF PODIATRIC MEDICINE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK COLLEGE OF PODIATRIC MEDICINE (EIN 13-1632522)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-14
- IRS object ID
- 201300149349301215
- Schema version
- 2011v1.5
- Note
- A later return for the same period supersedes this one.
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-14T18:10:52-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131632522 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New York College of Podiatric Medicine | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % GREG ONAIFO | InCareOfName |
| Name Control | NEWY | NameControl |
| Phone | 2124108100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 East 124th Street | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10035 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | greg onaifo | Name |
| Title | chief financial officer | Title |
| Date Signed | 2013-01-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Laura Kielczewski | Name |
| Phone | 2125990100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Louis L Levine | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 East 124th Street | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10035 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16559027 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.nycpm.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1911 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | New York College of Podiatric Medicine provides training and education to medical students in podiatric medicine. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 347 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 1150816 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 592849 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12767955 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13152185 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1797259 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1556252 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 624109 | OtherRevenuePriorYear |
| Other Revenue Current Year | 552004 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 16340139 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15853290 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 356709 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 465865 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7442900 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7591943 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8479203 | OtherExpensePriorYear |
| Other Expenses Current Year | 5437929 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16278812 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13495737 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 61327 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2357553 | RevenuesLessExpensesCY |
| Total Assets BOY | 51798906 | TotalAssetsBOY |
| Total Assets EOY | 52784727 | TotalAssetsEOY |
| Total Liabilities BOY | 13329109 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14118580 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 38469797 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 38666147 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 9634127 | Expense |
| Revenue | 13152185 | Revenue |
| Description | New York College of Podiatric Medicine provides training and education to medical students in Podiatric Medicine. The college had 383 students in 2012. | Description |
| Total Program Service Expense | 9634127 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 122 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 347 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GREG ONAIFO | NamePerson |
| Telephone Number | 2124108044 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 EAST 124TH STREET | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10035 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Stanley S Mandel | ||||||||
| Chairman | 0.3 | X | X | |||||
| Major General William F Ward | ||||||||
| Vice Chairman | 0.3 | X | X | |||||
| Eugene Webb | ||||||||
| Treasurer | 0.3 | X | X | |||||
| Louis L Levine | ||||||||
| President and CEO | 40.0 | X | X | 300000 | 0 | 30962 | ||
| Keith A Greathouse | ||||||||
| Secretary | 0.3 | X | X | |||||
| Kathy Reilly Fallon | ||||||||
| Board Member | 0.3 | X | ||||||
| Susheel Bathla | ||||||||
| Board Member | 0.3 | X | ||||||
| Gabriel P Caprio | ||||||||
| Board Member | 0.3 | X | ||||||
| Peter J Norton | ||||||||
| Board Member | 0.3 | X | ||||||
| Rock G Positano | ||||||||
| Deputy Chairman | 0.3 | X | X | |||||
| Halina M Semla-Pulaski | ||||||||
| Board Member | 0.3 | X | ||||||
| Kevin Jules | ||||||||
| Director of Surgery Department | 40.0 | X | X | 118149 | 27048 | |||
| Joel Strum | ||||||||
| Chief Operating Officer | 40.0 | X | 135351 | 0 | 22291 | |||
| Greg Onaifo | ||||||||
| Chief Financial Officer | 40.0 | X | 114482 | 4396 | ||||
| Michael Trepal | ||||||||
| VP of Academic Affairs & Dean | 40.0 | 159452 | 0 | 30893 | X | |||
| William Graham | ||||||||
| VP of Operations | 40.0 | 118583 | 12820 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 946017 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 128410 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Frawley Plaza LLC | |||||
| PO Box 600 West | NEW YORK | NY | 07093 | Rent Leases | 774625 |
| Carrier Corporation | |||||
| PO Box 905303 | CHARLOTTE | NC | 28290 | HVAC Services | 212061 |
| 2279-2283 Third Avenue Association | |||||
| 45 west 4th street Suite 901 | NEW YORK | NY | 10036 | Rent Leases | 119600 |
| Xerox corporation | |||||
| PO Box 827181 | PHILADELPHIA | PA | 19182 | Machine Leasing | 328615 |
| Paramount Building Services | |||||
| 264 Union Boulevard | TOTOWA | NJ | 07512 | Facility Cleaning | 250421 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 248703 | GovernmentGrants |
| All Other Contributions | 344146 | AllOtherContributions |
| Total Contributions | 592849 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 11158392 | 11158392 |
| RESIDENCY LECTURES | 611600 | 947988 | 947988 |
| CLINIC SERVICE | 621400 | 560207 | 560207 |
| RESIDENCY PROGRAM | 611600 | 372301 | 372301 |
| CONTINUING EDUCATION | 611600 | 113297 | 113297 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13152185 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1414572 | TotalRevenueColumn |
| Exclusion | $1,414,572 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 131753 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 131753 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 131753 | TotalRevenueColumn |
| Exclusion | $131,753 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 847417 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 705737 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 141680 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 141680 | TotalRevenueColumn |
| Exclusion | $141,680 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MANAGEMENT FEES | 541610 | 254552 | $254,552 |
| PARKING LOT REVENUE | 812930 | 66909 | $66,909 |
| SALE OF MERCHANDISE | 451211 | 10235 | $10,235 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 88555 | TotalRevenueColumn |
| Exclusion | $88,555 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 420251 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15853290 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13152185 | RelatedOrExemptFunctionIncome |
| Exclusion | $2,108,256 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 465865 | Total |
| Program Services | 465865 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 943024 | Total |
| Program Services | 660117 | ProgramServices |
| Management And General | 282907 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5189370 | Total |
| Program Services | 3632559 | ProgramServices |
| Management And General | 1556811 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 897664 | Total |
| Program Services | 628365 | ProgramServices |
| Management And General | 269299 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 561885 | Total |
| Program Services | 393320 | ProgramServices |
| Management And General | 168565 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98717 | Total |
| Program Services | 69102 | ProgramServices |
| Management And General | 29615 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163564 | Total |
| Management And General | 163564 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 870861 | Total |
| Program Services | 609603 | ProgramServices |
| Management And General | 261258 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38599 | Total |
| Program Services | 27019 | ProgramServices |
| Management And General | 11580 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242986 | Total |
| Program Services | 170090 | ProgramServices |
| Management And General | 72896 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69209 | Total |
| Program Services | 48446 | ProgramServices |
| Management And General | 20763 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1272240 | Total |
| Program Services | 890568 | ProgramServices |
| Management And General | 381672 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103850 | Total |
| Program Services | 72695 | ProgramServices |
| Management And General | 31155 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116770 | Total |
| Program Services | 81739 | ProgramServices |
| Management And General | 35031 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 746336 | Total |
| Program Services | 522435 | ProgramServices |
| Management And General | 223901 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 307191 | Total |
| Program Services | 215034 | ProgramServices |
| Management And General | 92157 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| BAD DEBT EXPENSE | 95133 | 66593 | 28540 |
| STUDENT CLINICAL SERVICE | 539487 | 539487 | |
| EQUIPMENT RENTAL | 374108 | 261876 | 112232 |
| FINANCIAL AID | 172322 | 120625 | 51697 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 226556 | Total |
| Program Services | 158589 | ProgramServices |
| Management And General | 67967 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13495737 | Total |
| Program Services | 9634127 | ProgramServices |
| Management And General | 3861610 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 316338 | BOY |
| EOY | 408935 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1421022 | BOY |
| EOY | 1811426 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5249560 | BOY |
| EOY | 4977735 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61397 | BOY |
| EOY | 31106 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 6200 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 20410336 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12908747 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7513771 | BOY |
| EOY | 7501589 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33939625 | BOY |
| EOY | 34775287 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3203937 | BOY |
| EOY | 3179193 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93256 | BOY |
| EOY | 93256 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51798906 | BOY |
| EOY | 52784727 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1708918 | BOY |
| EOY | 1433016 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 991110 | BOY |
| EOY | 1795222 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10629081 | BOY |
| EOY | 10890342 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13329109 | BOY |
| EOY | 14118580 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37083975 | BOY |
| EOY | 37192140 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1196508 | BOY |
| EOY | 1284693 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 189314 | BOY |
| EOY | 189314 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38469797 | BOY |
| EOY | 38666147 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51798906 | BOY |
| EOY | 52784727 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2357553 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2161203 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 592549 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 44527 | InvestmentEarningsOrLosses |
| Other Expenditures | 11971 | OtherExpenditures |
| End Of Year Balance | 625105 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 564719 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 37427 | InvestmentEarningsOrLosses |
| Other Expenditures | 9597 | OtherExpenditures |
| End Of Year Balance | 592549 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 541826 | BeginningOfYearBalance |
| Contributions | 65500 | Contributions |
| Investment Earnings Or Losses | 31491 | InvestmentEarningsOrLosses |
| Other Expenditures | 74098 | OtherExpenditures |
| End Of Year Balance | 564719 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 572288 | BeginningOfYearBalance |
| Contributions | 500 | Contributions |
| Investment Earnings Or Losses | -17043 | InvestmentEarningsOrLosses |
| Other Expenditures | 13919 | OtherExpenditures |
| End Of Year Balance | 541826 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.30300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.69700 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 236166 | OtherCostOrOtherBasis |
| Book Value | 236166 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13050596 | OtherCostOrOtherBasis |
| Depreciation | 6865653 | Depreciation |
| Book Value | 6184943 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3622756 | OtherCostOrOtherBasis |
| Depreciation | 2947098 | Depreciation |
| Book Value | 675658 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3500818 | OtherCostOrOtherBasis |
| Depreciation | 3095996 | Depreciation |
| Book Value | 404822 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7501589 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENT IN PODIA | Description |
| Book Value | 3179193 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 3179193 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE LOAN PROGRAM | $4,279,081 |
| LINE OF CREDIT | $6,350,000 |
| CAPITAL LEASE OBLIGATION | $261,261 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10890342 | TotalOfAmounts |
| Total Revenue | 15853290 | TotalRevenue |
| Total Expenses | 13495737 | TotalExpenses |
| Excess Or Deficit For Year | 2357553 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 653661 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 653661 | TotalAdjustments |
| Excess Or Deficit Per FS | 3011214 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16016342 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 653661 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 653661 | RevenueNotRptdF990 |
| Revenue Subtotal | 15362681 | RevenueSubtotal |
| Other Revenues Not Included | 490609 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 490609 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15853290 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13005128 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 13005128 | ExpensesSubtotal |
| Other Expenses Not Included | 490609 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 490609 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13495737 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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, 2009, 2010, 2011 and 2012 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 XII, Line 4b & Part XIII, Line 4b | Scholarships Included in Income on Financial Statements - $465,865 Reclassification of podia loss - $24,744 --------- $490,609 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Line 3 | Identifier |
| Explanation | 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 383 full-time students. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConducted |
| Total Expenditures | 3179193 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 3179193 | SubtotalAmountSpent |
| Total Amount Spent | 3179193 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Merit Based Scholarships | TypeOfGrant |
| Number Of Recipients | 129 | NumberOfRecipients |
| Amount Of Cash Grant | 465865 | AmountOfCashGrant |
| Method Of Valuation | Cash | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part I, Line 2 | Identifier |
| Explanation | The College awards merit-based scholarships to incoming freshmen as well as coninuing 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Louis L Levine | |||||||||||
| 300000 | 0 | 0 | 0 | 0 | 0 | 30000 | 0 | 1634 | 0 | 331634 | 0 |
| Joel Strum | |||||||||||
| 135351 | 0 | 0 | 0 | 0 | 0 | 8121 | 0 | 14473 | 0 | 157945 | 0 |
| Michael Trepal | |||||||||||
| 159452 | 0 | 0 | 0 | 0 | 0 | 15945 | 0 | 15305 | 0 | 190702 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part VI, Section B, Line 11 | Process used to review form 990 | The 990 is prepared and reviewed by a nationally renowned independent public accounting firm and then it is reviewed by the College's Accounting Manager 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 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 5 | Other changes in net assets or fund balances | Reserve of due from related party receivable ($2,814,864) Unrealized Gains 653,661 ----------- Total ($2,161,203) |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Podia Insurance Limited | BusinessNameLine1 |
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1109GT | AddressLine1 |
| City | Grand Cayman | City |
| Province Or State | BWI | ProvinceOrState |
| Country | CJ | Country |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | Insurance | PrimaryActivity |
| Legal Domicile Foreign Country | CJ | LegalDomicileForeignCountry |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C-Corp | TypeOfEntity |
| Share Of Total Income | 140729 | ShareOfTotalIncome |
| Share Of EOY Assets | 4263913 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Podia Insurance Limited | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | o | TransactionType |
| Amount Involved | 87500 | AmountInvolved |
| Method Of Amt Determination | fmv | MethodOfAmtDetermination |