NEW YORK GENOME CENTER INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK GENOME CENTER INC (EIN 80-0631734)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2013-02-01
- IRS object ID
- 201310329349300221
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-01T10:52:43-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861065772 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1750 TYSONS BLVD | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800631734 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK GENOME CENTER INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWY | NameControl |
| Phone | 8884156942 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 590 MADISON AVENUE 21ST FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NANCY J KELLEY | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 8884156942 | Phone |
| Date Signed | 2013-02-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00364424 | PTIN |
| Phone | 7032511000 | 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 | NANCY J KELLEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 590 MADISON AVENUE 21ST FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19752448 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NYGENOME.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2010 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 23767 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 20718 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 50100 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 19728681 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 115 | InvestmentIncomePriorYear |
| Investment Income Current Year | 23767 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 50215 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19752448 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 150000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 427088 | 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 | 227437 | OtherExpensePriorYear |
| Other Expenses Current Year | 2459730 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 377437 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2886818 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -327222 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 16865630 | RevenuesLessExpensesCY |
| Total Assets BOY | 126858 | TotalAssetsBOY |
| Total Assets EOY | 44766025 | TotalAssetsEOY |
| Total Liabilities BOY | 454080 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 28227617 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -327222 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16538408 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2489513 | Expense |
| Revenue | 19752448 | Revenue |
| Description | THE NEW YORK GENOME CENTER, INC. IS A GENOME SEQUENCING, BIOINFORMATICS AND RESEARCH CENTER THAT WILL CONDUCT LARGE-SCALE GENOMIC ANALYSES AND TRANSLATIONAL RESEARCH THAT WILL AFFECT THE DIAGNOSIS AND TREATMENT OF CANCER, AS WELL AS RESEARCH AND CARE OF NEUROLOGICAL, METABOLIC, CARDIOVASCULAR, AND PEDIATRIC DISEASES. TO DATE, THE NEW YORK GENOME CENTER, INC. HAS BEEN ENGAGED IN ACTIVITIES ATTENDANT TO ITS INCORPORATION, RECRUITING INSTITUTIONAL FOUNDING MEMBERS, SEEKING INITIAL FUNDING, COMPLETING FEASIBILITY STUDIES, AND BUILDING ITS FACILITIES. | Description |
| Total Program Service Expense | 2489513 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 19 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NANCY J KELLEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8884156942 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 590 MADISON AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| NANCY J KELLEY | |||||
| EXECUTIVE DIRECTOR | 60.00 | X | 417917 | 0 | 0 |
| BRUCE STILLMAN | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| LAURIE GLIMCHER | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| CRAIG B THOMPSON | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| DENNIS S CHARNEY | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| DAFNA BAR-SAGI | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| CHARLES E HEWETT | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| HERBERT PARDES | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| SAMUEL STANLEY | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| MARK TESSIER-LAVIGNE | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| LEE GOLDMAN | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| KEVIN TRACEY | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| JAMES SIMONS | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| RUSSELL L CARSON | |||||
| DIRECTOR/BOARD CHAIR | 2.00 | X | 0 | 0 | 0 |
| IVAN SEIDENBERG | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| ANTHONY B EVNIN | |||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 417917 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| RUSSELL REYNOLDS AND ASSOCIATES | |||||
| 200 PARK AVENUE SUITE 2300 | NEW YORK | NY | 10166 | RECRUITING SERVICES | 257500 |
| WILMER CUTLER PICKERING HALE LLP | |||||
| PO BOX 4550 | BOSTON | MA | 02212 | LEGAL SERVICES | 233330 |
| TGG CAPITAL | |||||
| 1953 SAN ELIJO AVE SUITE 203 | CARDIFF | CA | 92007 | CONSULTING SERVICES | 216332 |
| BESPOKE BUSINESS STRATEGY | |||||
| 8391 BEVERLY BLVD | LOS ANGELES | CA | 90048 | CONSULTING SERVICES | 165000 |
| ELKUS MANFREDI ARCHITECTS LTD | |||||
| 300 A STREET | BOSTON | MA | 02210 | ARCHITECTURAL SERVICES | 146421 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| All Other Contributions | 19728681 | AllOtherContributions |
| Total Contributions | 19728681 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23767 | TotalRevenueColumn |
| Unrelated Business Revenue | 23767 | UnrelatedBusinessRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19752448 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 23767 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 417917 | Total |
| Program Services | 417917 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9171 | Total |
| Program Services | 9171 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 318008 | Total |
| Management And General | 318008 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79297 | Total |
| Management And General | 79297 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 137832 | Total |
| Program Services | 137832 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14424 | Total |
| Program Services | 14424 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10000 | Total |
| Program Services | 10000 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23414 | Total |
| Program Services | 23414 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157730 | Total |
| Program Services | 157730 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 328250 | Total |
| Program Services | 328250 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5810 | Total |
| Program Services | 5810 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| SITE SELECTION/DESIGN | 506501 | 506501 |
| RECRUITMENT | 299642 | 299642 |
| OPERATIONAL SUPPORT | 239315 | 239315 |
| FINANCIAL MODEL | 229396 | 229396 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110111 | Total |
| Program Services | 110111 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2886818 | Total |
| Program Services | 2489513 | ProgramServices |
| Management And General | 397305 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12545 | BOY |
| EOY | 1836787 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113815 | BOY |
| EOY | 24741914 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 18028681 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 100034 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 20985 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 0 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 20985 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 498 | BOY |
| EOY | 37624 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126858 | BOY |
| EOY | 44766025 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100076 | BOY |
| EOY | 395363 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354004 | BOY |
| EOY | 27832254 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 454080 | BOY |
| EOY | 28227617 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -327222 | BOY |
| EOY | -1490273 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 18028681 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -327222 | BOY |
| EOY | 16538408 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126858 | BOY |
| EOY | 44766025 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 16865630 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 50100 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19728681 | CurrentTaxYear |
| Total | 19778781 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 50100 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19728681 | CurrentTaxYear |
| Total | 19778781 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 17252483 | AmountsSubstContributorsTotal |
| Public Support Total170 | 2526298 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 115 | CurrentTaxYearMinus1Year |
| Total | 115 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 22767 | CurrentTaxYear |
| Total | 22767 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 19801663 | TotalSupport |
| First5 Years170 | X | First5Years170 |
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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 0 | BeginningOfYearBalance |
| Contributions | 18028681 | Contributions |
| End Of Year Balance | 18028681 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 1.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20985 | OtherCostOrOtherBasis |
| Book Value | 20985 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20985 | TotalOfBookValueLandBuildings |
| Total Revenue | 19752448 | TotalRevenue |
| Total Expenses | 2886818 | TotalExpenses |
| Excess Or Deficit For Year | 16865630 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 16865630 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20142348 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 389900 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 389900 | RevenueNotRptdF990 |
| Revenue Subtotal | 19752448 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 19752448 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3276718 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 389900 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 389900 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2886818 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2886818 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | TEMPORARILY RESTRICTED NET ASSETS REPRESENT THOSE RESOURCES THE USE OF WHICH HAS BEEN RESTRICTED BY DONORS TO SPECIFIC PURPOSES AND/OR THE PASSAGE OF TIME. AT DECEMBER 31, 2011, THE TEMPORARILY RESTRICTED NET ASSETS ARE RESTRICTED FOR THE PASSAGE OF TIME. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE CENTER IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARDS ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-05, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10-05 DID NOT HAVE A MATERIAL IMPACT ON THE 2011 AND 2010 FINANCIAL STATEMENTS, AS THE CENTER DETERMINED IT DID NOT HAVE ANY EXPOSURE TO UNCERTAIN TAX POSITIONS DURING 2011 AND 2010. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | NANCY J KELLEY | NamePerson |
| Base Compensation Filing Org | 376250 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 41667 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 417917 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 3 | NANCY J. KELLEY, THE FOUNDING EXECUTIVE DIRECTOR, ENTERED INTO AN EMPLOYMENT AGREEMENT WITH THE CENTER ON OCTOBER 1, 2011. THE EMPLOYMENT AGREEMENT WAS NEGOTIATED USING MARKET COMPS AND RELEVANT FORM 990 DATA FROM SIMILAR INSTITUTIONS TO DETERMINE A REASONABLE SALARY. THE AGREEMENT WAS APPROVED BY THE CENTER'S BOARD OF DIRECTORS BEFORE IT WAS ENTERED INTO. |
| PART I, LINE 7 | NANCY J. KELLEY'S EMPLOYMENT AGREEMENT OUTLINED LEVELS OF BONUS BASED UPON FINANCIAL COMMITMENT TRIGGERS SET FORTH IN THE CENTER'S BUSINESS PLAN AND FUND RAISING STRATEGY. |
Schedule L IRS990ScheduleL
Loan Table LoanTable (11 entries)
| Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|
| COLD SPRING HARBOR LABORATORY | |||||
| X | $2,500,000 | 2532049 | 0 | 1 | 1 |
| CORNELL UNIVERSITYWEILL CORNELL MEDICAL COLLEGE | |||||
| X | $2,500,000 | 2533502 | 0 | 1 | 1 |
| THE JACKSON LABORATORY | |||||
| X | $2,500,000 | 2535321 | 0 | 1 | 1 |
| MEMORIAL SLOAN-KETTERING CANCER CENTER | |||||
| X | $2,500,000 | 2535235 | 0 | 1 | 1 |
| MOUNT SINAI SCHOOL OF MEDICINE | |||||
| X | $2,500,000 | 2535118 | 0 | 1 | 1 |
| THE NEW YORK AND PRESBYTERIAN HOSPITAL | |||||
| X | $2,500,000 | 2532049 | 0 | 1 | 1 |
| NEW YORK UNIVERSITY | |||||
| X | $2,500,000 | 2533633 | 0 | 1 | 1 |
| NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM | |||||
| X | $2,500,000 | 2502257 | 0 | 1 | 1 |
| THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF NEW YORK | |||||
| X | $2,500,000 | 2522795 | 0 | 1 | 1 |
| THE ROCKEFELLER UNIVERSITY | |||||
| X | $2,500,000 | 2535105 | 0 | 1 | 1 |
| THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK | |||||
| X | $2,500,000 | 2535190 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 27832254 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART I, LINE 1 | NEW YORK GENOME CENTER, INC. IS ORGANIZED AND SHALL BE OPERATED AS AN INDEPENDENT, NON-PROFIT CORPORATION BY LEADING ACADEMIC, MEDICAL AND RESEARCH INSTITUTIONS FOR THE PURPOSE OF ESTABLISHING A STATE-OF-THE-ART, WORLD CLASS GENOME SEQUENCING, BIOINFORMATICS AND RESEARCH CENTER IN NEW YORK CITY |
| THE ORGANIZATION'S MISSION | PART III, LINE 1 | NEW YORK GENOME CENTER, INC IS ORGANIZED AND OPERATED AS AN INDEPENDENT, NON-PROFIT CORPORATION BY LEADING ACADEMIC, MEDICAL AND RESEARCH INSTITUTIONS FOR THE PURPOSE OF ESTABLISHING A STATE-OF-THE-ART, WORLD CLASS GENOME SEQUENCING, BIOINFORMATICS AND RESEARCH CENTER IN NEW YORK CITY, WITH THE FOLLOWING KEY OBJECTIVES: (I) CREATING AN INTELLECTUALLY VIBRANT COLLABORATION AMONGST THE ACADEMIC AND SCIENTIFIC COMMUNITY IN NEW YORK CITY; (II) RECRUITING WORLD CLASS SCIENTIFIC LEADERSHIP TO DIRECT THE SCIENTIFIC DEVELOPMENT OF THE CORPORATION, TOGETHER WITH THE MEMBERS OF THE CORPORATION; (III) OBTAINING COMMITMENTS FROM THE INSTITUTIONAL FOUNDING MEMBERS, OTHER ACADEMIC, RESEARCH AND MEDICAL INSTITUTIONS AND THE BIOTECHNOLOGY/PHARMACEUTICAL INDUSTRY TO AFFILIATE WITH AND USE SERVICES PROVIDED BY THE CORPORATION; (IV) PROVIDING SEQUENCING AND BIOINFORMATICS SERVICES TO THE ACADEMIC AND SCIENTIFIC COMMUNITIES, INCLUDING THE INSTITUTIONAL FOUNDING MEMBERS; (V) DEVELOPING ADVANCED BIOINFORMATICS CAPABILITIES BASED UPON THE RESEARCH AND SEQUENCING ACTIVITIES CONDUCTED AT THE CORPORATION'S FACILITIES; (VI) ADVANCING THE DEVELOPMENT OF NEW TREATMENTS, THERAPIES AND THERAPEUTICS TO TREAT HUMAN DISEASE; AND (VII) CONDUCTING ACTIVITIES ANCILLARY TO THESE OBJECTIVES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE INSTITUTIONAL FOUNDING MEMBERS OF THE CENTER ARE THE FOLLOWING RECOGNIZED ACADEMIC, MEDICAL AND RESEARCH INSTITUTIONS: (1) COLD SPRING HARBOR LABORATORY (2) CORNELL UNIVERSITY/WEILL CORNELL MEDICAL COLLEGE, (3) THE JACKSON LABORATORY, (4) MEMORIAL SLOAN-KETTERING CANCER CENTER, (5) MOUNT SINAI SCHOOL OF MEDICINE, (6) THE NEW YORK AND PRESBYTERIAN HOSPITAL, (7) NEW YORK UNIVERSITY, (8) NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM, (9) THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF NEW YORK, ON BEHALF OF STONY BROOK UNIVERSITY, (10) THE ROCKEFELLER UNIVERSITY, AND (11) THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH INSTITUTIONAL FOUNDING MEMBER WILL APPOINT ONE REPRESENTATIVE TO SERVE ON THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR ALSO SERVES ON THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | NYGC WILL FIRST REVIEW THE 990 INTERNALLY (EXECUTIVE DIRECTOR, CFO, VP OF FINANCE). NYGC WILL THEN PRESENT THE FINANCE AND AUDIT COMMITTEE THE 990, UPON RECEIPT OF ALL COMMENTS AND REVISIONS, THE BOARD WILL APPROVE THE FINAL 990 AFTER RECOMMENDATION FROM FINANCE AND AUDIT COMMITTEE AND NYGC EXECUTIVE TEAM. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CENTER REQUIRES ALL INTERESTED PERSONS (DEFINED AS BOARD MEMBERS, PRINCIPAL OFFICERS, OR MEMBERS OF A COMMITTEE IN WHICH THE BOARD HAS DELEGATED POWERS) TO SIGN A CONFLICT OF INTEREST POLICY OUTLINING ANY FINANCIAL INTEREST IN THE CENTERS ACTIVITIES. THE CENTER ANNUALLY HAS ALL INTERESTED PERSONS SIGN CONFLICT OF INTEREST POLICIES AND REQUIRES ANY NEW INTERESTED PERSONS TO SIGN CONFLICT OF INTEREST POLICIES UPON BECOMING AN INTERESTED PERSON. THE CENTER HAS ADOPTED PROCEDURES FOR ADDRESSING ANY CONFLICTS OF INTEREST AND RULES REGARDING THE MAINTENANCE OF RECORDS REGARDING CONFLICTS OF INTEREST. | |
| FORM 990, PART VI, SECTION B, LINE 15 | NYGC HAS USED RECRUITERS FOR A MAJORITY OF ITS EMPLOYEES INCLUDING SENIOR EXECUTIVES WHICH HAVE BASED SALARIES ON MARKET SURVEYS. NYGC'S BOARD APPROVED THE EXECUTIVE DIRECTORS EMPLOYMENT AGREEMENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS OF THE ORGANIZATION AND FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST. |