2012-04-05T18:10:03-04:00 2011-08-31 PricewaterhouseCoopers LLP 677 BROADWAY ALBANY NY 12207 990 2010-09-01 131916574 NEW YORK CHIROPRACTIC COLLEGE NEWY 3155683000 PO BOX 800 2360 STATE ROUTE 89 SENECA FALLS NY 131480800 Sean Anglim 2011-12-21 Jeffrey C Hamilton 5184622030 2010 2016-02-24 21:20:13Z Dr Frank Nicchi New York Chiropractic College Seneca Falls NY 13148 35224514 false X WWW.NYCC.EDU X 1919 NY New York Chiropractic College's mission is the commitment to the achievement of academic excellence, quality patient care, and professional leadership. 19 18 638 18 80969 -106515 1118784 1324647 21527634 22855407 433515 1031267 18765 27713 23098698 25239034 683636 687260 0 0 14423957 15117085 0 0 386708 8830041 9223337 23937634 25027682 -838936 211352 72079193 76210185 33349434 34401386 38729759 41808799 NEW YORK CHIROPRACTIC COLLEGE'S MISSION IS THE COMMITMENT TO THE ACHIEVEMENT OF ACADEMIC EXCELLENCE, QUALITY PATIENT CARE, AND PROFESSIONAL LEADERSHIP. THE VISION IS TO BE RECOGNIZED AS THE LEADING INSTITUTION FOR EDUCATION AND TRAINING OF INTEGRATED AND NATURAL HEALTH CARE PROFESSIONALS AND ACADEMICIANS. DEGREE OFFERINGS INCLUDE THE DOCTOR OF CHIROPRACTIC AND MASTER OF SCIENCE DEGREES IN ACUPUNCTURE AND ORIENTAL MEDICINE, APPLIED CLINICAL NUTRITION, HUMAN ANATOMY AND PHySIOLOGY INSTRUCTION (ONLINE), DIAGNOSTIC IMAGING, AND CLINICAL ANATOMY. false false 19745942 660660 22855407 New York Chiropractic College (NYCC), located in Seneca Falls, NY, is a private 501(c)(3), not-for-profit educational institution established in 1919 through Absolute Charter from the New York State Board of Regents, offering multiple academic programs and highly diversified natural healthcare instruction. Coursework at NYCC emphasizes integrative, natural, and collaborative healthcare approaches offered through accredited, degree-granting programs in Doctor of Chiropractic and master of science degree in Acupuncture & Oriental Medicine, Applied Clinical Nutrition (online), human anatomy and phisiology (online), diagnostic imaging and Clinical Anatomy. The College's mission encourages the achievement of academic excellence, quality patient care and professional leadership. Integrative Experiential Education An important aspect of educational programming at NYCC includes the operation of four Community Health Centers in New York State (Seneca Falls, Rochester, Depew, and Levittown), each of which provides natural healthcare services and serves as an innovative model for paitent centered and integrative healthcare throughout the country. Additionally, NYCC students engage in clinical rotations within several hospitals and other conventional healthcare settings which provide integrative, real-world experience that prepares them for a rapidly evolving healthcare marketplace. Unique clinical partnerships which enable students to participate in clinical rounds and provide patient care include the National Naval Hospital in Bethesda Maryland, five Veteran Administration Hospitals/Health Centers, and Monroe Community Hospital. Additionally, under faculty supervision, students provide natural healthcare services at the health centers of the New York State University System at Buffalo, Stony Brook, Farmingdale, and at St. John Fisher University. Fiscal Year Exempt Purpose Achievements one of The College's mission tenets emphasizes professional leadership. This past fiscal year of NYCC President Frank J. Nicchi completed a two-year term as president of the Association of Chiropractic Colleges (ACC), a consortium of some nineteen chiropractic colleges situated in the United States, Canada, and New Zealand that helps provide leadership in chiropractic education, research, and service. He currently serves as member of the executive committee of ACC. the college was selected by G.I. Jobs magazine as a "Military Friendly School for 2010 and 2011." the college launched an online master degree in human anatomy and physiologic instruction designed to educate healthcare professionals on best practices in teaching anatomy and physiology in college settings. The college created an advanced certificate in sports and human performance for eligible doctor of chiropractic students. the college successfully secured grant funding (aproximately $282,000) through the New York State Higher Education Facilities Capital Matching Grants Program (HE Cap) to finance equipment and technology and to support new and expanding instructional offerings and student services. the College earned a place on The Chronicle of Higher Education's 2011 Great Colleges to Work For "2011 Honor Roll," a program that recognizes colleges for exceptional practices and policies in such areas as tenure clarity, work/life balance, compensation and benefits - the third consecutive year of recognition as a "great college to work for." The College was selected to participate in the Yellow Ribbon Program under the Post-9/11 GI Bill; any NYCC student eligible for Post-9/11 GI Bill education benefits will have their tuition and fees fully covered. The college was affirmed for a Standard & Poor's investment grade "BBB" and stable outlook credit rating for its long-term bond obligations. 19745942 true true false true false false false false true true true false false true false true false true false true false false false false false false true true true true false false false false false false true false false false true false false false false false false false false false true 83 0 true 638 true true true true CJ false false false false false false false false X 19 18 true false false false false false false true true false false true true true true true true true true false X SEAN ANGLIM 3155683000 2360 STATE ROUTE 89 Seneca Falls NY 13148 Dr Lewis Bazakos 1.0 X 0 0 0 Dr Robert Daley 1.0 X 0 0 0 Dr Thomas DeVita 1.0 X 0 0 0 Dr Sylvia Heyman 1.0 X 700 0 0 Mr Robert Kernan 1.0 X 0 0 0 Mr Walter McCarthy 1.0 X 0 0 0 Dr George McClelland 1.0 X 0 0 0 Dr Tyran Mincey 1.0 X 0 0 0 Dr Serge Nerli 1.0 X 0 0 0 Ms Catherine Richardson 1.0 X 0 0 0 Dr John Rosa 1.0 X 0 0 0 Ms Elizabeth Shiah 1.0 X 0 0 0 Dr Karen Erickson 1.0 X 0 0 0 Dr Frank Lizzio 1.0 X 0 0 0 Dr Frank Nicchi 35.0 X X X 252751 0 69969 Dr G Lansing Blackshaw 1.0 X 0 0 0 Ms Mary Jo Maydew 1.0 X 0 0 0 Dr James Powell 1.0 X 0 0 0 Dr Yusef Barnes 1.0 X 0 0 0 Sean Anglim 35.0 X X 163784 0 18012 Dr Michael Mestan 35.0 X X 174768 0 32394 Dr Robert Ruddy 35.0 X 126074 0 20065 Ms Diane Dixon 35.0 X 105493 0 8830 Dr Veronica Wicks 35.0 X 105016 0 18210 Dr Matthew Cote 35.0 X 116489 0 20465 Peter VanTyle 35.0 X 100667 0 21427 1145742 0 209372 8 false true false SSIR 75 N Beverwyck Rd LAKE HIAWATHA NJ 07034 seminar services 116860 Seneca Security Service 4922 Rt 89 ROMULUS NY 14541 Security Services 201668 Apple Roofing Corp PO BOX 3105 SYRACUSE NY 13211 Roof Installation 597427 Bond Schoeneck King Pllc One Lincoln Center SYRACUSE NY 13202 Legal Services 152113 Neurodiagnostic Consultants 3516 Cardinal Blvd DAYTONA BEACH FL 32118 seminar services 115964 7 718870 605777 45406 1324647 TUITION AND FEES 611310 20847870 20847870 CLINIC REVENUES 621400 1007712 1007712 GOLF COURSE REVENUES 713910 53419 53419 HOUSING/FOOD REVEN 721000 640177 640177 ATHLETIC CENTER 713940 209469 209469 96760 69210 27550 22855407 405140 405140 0 0 14308 14308 14308 14308 10611607 9968132 17348 643475 -17348 626127 626127 13405 13405 13405 0 0 0 25239034 22774438 80969 1058980 26600 26600 660660 660660 0 0 748501 748501 0 11691392 9974464 1478976 237952 709529 600402 93981 15146 1092333 879666 177734 34933 875330 714456 144482 16392 0 150920 150920 87649 87649 0 0 57348 57348 93571 79849 13722 447098 438450 8599 49 861805 597771 257689 6345 206647 4570 201657 420 0 967019 909370 57649 593160 366766 223996 2398 0 63884 35408 27898 578 930131 835577 94554 0 1951549 1727650 223899 363960 63907 300053 MISCELLANEOUS SERVICES 722460 698926 18378 5156 SERVICE CONTRACTS 585657 440876 144781 PRINTING 199075 91002 42799 65274 REPAIRS 187187 175249 11938 MINOR EQUIPMENT 162155 99324 62831 592062 324999 264998 2065 25027682 19745942 4895032 386708 5167379 5691409 108088 344140 335263 522669 1667078 1548504 450048 534766 53396996 30937259 22795147 22459737 11622385 13396729 27857162 29662713 2076643 2049518 72079193 76210185 2233145 2389134 7840342 9245636 19392982 18655266 788727 762247 3094238 3349103 33349434 34401386 X 38386586 41649655 263173 79144 80000 80000 38729759 41808799 72079193 76210185 X 211352 2867688 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 6468 false false false 6468 false false 39326331 810 4213767 41054 500000 42999854 38725703 810 1955318 5500 1350000 39326331 44727609 2288 -5498694 5500 500000 38725703 0.99600 0.00200 0.00200 false false 1309001 1309001 42381200 22849591 19531609 8609707 7437272 1172435 1097088 650396 446692 22459737 FIXED INCOME SECURITIES 27417 F FOREIGN EQUITY SECURITIES 8952600 F HEDGE FUNDS 14296937 F REAL ESTATE INVESTMENTS 448435 F REAL ASSETS 5937324 F 29662713 0 FEDERAL STUDENT LOAN FUNDS 1742045 ASSET RETIREMENT OBLIGATION 1607058 3349103 25239034 25027682 211352 3377424 -509736 2867688 3079040 27470158 3377424 -1088953 2288471 25181687 57347 57347 25239034 24166915 24166915 57347 803420 860767 25027682 Part XI Line 8: Reconciliation of Change in Net Assets Temporarily restricted gifts: $810 change in value of charitable remainder trust: $31,369 Assets released from restriction: ($255,572) change in asset retirement obligation: ($149,839) Investment expense adjustment: ($136,504) Part XII Line 2d: Reconciliation of Revenue per Audited Financial Statements Internal scholarships: ($660,660) change in asset retirement obligation: ($149,839) investment expense adjustment: ($136,504) temporarily restricted gifts: $810 Charitable Remainder Trust Expense: ($142,760) Part XIII Line 4b: Reconciliation of Expenses per Audited Financial Statements Internal scholarships $660,660 Charitable Remainder Trust Expense: $142,760 Part V Line 4: Endowment Funds The board designated/quasi-endowment portion of the funds are used to provide a source of funding for the annual budget along with funding strategic initiatives. The income from the permanent endowment along with the term endowment is used to provide scholarships for students. Unrestricted funds functioning as quasi endowment are covered under the Board of Trustees' spending policy which is determined annually and is targeted to be aproximately 5% of a 16 quarter moving average of the fund's total market value. Temporarily restricted funds are appropriated for expenditure based on the direction of the donor. Endowment funds are invested to maximize long term returns consistent with prudent levels of risk appropriate to the management of such long term funds. Diversification of investments is designed to ensure a total return of income plus capital appreciation necessary to preserve and enhance the principal of the funds and at the same time, provide a dependable source of income for current operations and programs. true true true true true true true false false false false false false false false true false true Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 Included with all publicity and advertisements. East Asia and the Pacific 0 0 Program Services Study Abroad Trip 10552 0 0 0 0 10552 10552 false false false false false false true The Foundation for Chiropractic Progress PO Box 560 Carmichael CA 95609 202137895 501(c)(6) 15000 Campaign 1 Various Scholarships to Students 315 660660 Schedule I, Part I General Information on Grants & Assistance Merit and academic scholarships are awarded to students based on previous and current academic achievement. Other internal and endowed scholarships are awarded to students based on criteria specific to the scholarship. Scholarships awarded are monitored by the Financial Aid and the Finance Office of the College. X X X true true X X X X false true false false false false false true false Dr Frank Nicchi 244803 0 0 0 7948 0 36100 0 33869 0 322720 0 0 0 Sean Anglim 157784 0 6000 0 0 0 12752 0 5260 0 181796 0 0 0 Dr Michael Mestan 158344 0 6000 0 10424 0 13098 0 19296 0 207162 0 0 0 Part 1 line 1a: Schedule J - Questions Regarding Compensation Dr. Frank Nicchi receives (college owned) housing as a condition of his employment. The lease value of the housing was $18,000. The cost of cleaning services for the housing ($1,784) was taxed to him as a fringe benefit and included in his W-2. Included in his employment contract is a provision for travel for his spouse. the cost of the spousal travel ($2,666) was taxed to him as a fringe benefit and included in his w-2 earnings for the 2010 calendar year. part 1 line 4: Schedule J - Questions Regarding Compensation Dr. Frank Nicchi received a contribution into a 457(b) supplemental retirement plan in 2010 of $16,500 as per the direction on the board of trustees. This amount along with the College's 403(b) retirement contribution is reported on Part II, column (C). part 1, line 7: Schedule J - Questions regarding compensation Two officers each received a non-fixed bonus payment of $6,000 in 2010. The amount was included in their W-2 as shown in Part II(B) (ii). Seneca County Industrial Development Agency 237329915 816907AP4 2007-05-31 20134306 refinancing of a commercial lo false false false 20134306 1622250 17959344 342290 210422 2007 true false true true false true true false true 0.00700 0.00700 0.01400 true false false false false false false 12110 tuition X equipment 2 21868 selling price X Supplies 6 16290 selling price X Equipment Lease 1 7248 Selling Price false true false 990 Part VI, Section A, Line 2 Section A. Governing Body & Management A Trustee of the College and an Officer of the College both serve on the board of directors of a local bank. The college did not conduct business with this bank during the year. 990 Part VI, Section B, Line 11A Section A. Governing Body & Management The College's Management Staff submits a draft of the Form 990 to the audit committee of the College's Board of Trustees ("Committee"). The Committee then reviews the drafted Form 990 and provides any comments it has to the Management Staff. Once the review process is complete, the Form 990 is provided to each member of the full board of trustees prior to filing. 990, Part VI, Section B, Line 12c Section B. Policies The College regularly and consistently monitors and enforces compliance with its written conflict of interest policy through a required annual conflict of interest questionnaire for Trustees, Officers and/or Management staff ("Covered Persons"). Further, all covered persons are required to notify the Audit Committee of any changes to the information provided in such questionnaire during the year. The audit committee reviews all completed questionnaires (including any subsequent notification of changes) to determine whether a potential conflict exits. If the Audit Committee determines that a potential conflict exists, the Board of Trustees will review the potential conflict, and may implement protective measures, such as the reassignment of the affected Covered Person's responsibilities, if deemed appropriate. If a covered person fails to comply with the conflict of interest policy, the board may take corrective actions, as it deems appropriate, in accordance with the conflict of interest policy. 990 Part VI, Section B, Line 15a and 15b Section B. Policies In accordance with the College's Executive compensation policy for Officers, key employees and certain other covered persons (collectively, "Covered Persons"), the executive committee of the board of trustees of the college ("executive Committee") reviews each proposed compensation and benefit arrangements ("Proposed Arrangement") for each covered person to determine whether the proposed arrangement satisfies the "reasonable compensation" requirements set forth in Section 4958 of the Internal revenue code ("Code") (e.g., a review of relevant comparability data, performance reviews and/or other documentation supporting the proposed arrangement). Prior to such review and determination, the executive committee verifies that none of its members have a conflict of interest with respect to the applicable proposed arrangement. If the executive committee determines that a proposed arrangement meets the reasonable compensation requirements it then documents the review and determination process. Proposed arrangements for the College's President, VP of Finance and Administrative Services and Executive VP and Provost are reviewed annually (i.e., all three proposed arrangements for the tax year were reviewed in 2010). 990 Part VI, Section C, Line 19 Section C. Disclosure Copies of the College's governing documents, conflict of interest policy and financial statements are available to the public upon request on a case by case basis. Notwithstanding the preceding sentence, the College makes available to the public any documentation included on a form that is required to be made publicly available in accordance with the Internal Revenue Code and applicable regulations thereunder (e.g. the Form 990). Part XI, Line 5 Reconciliation of Net Assets Net unrealized gains (losses) on investments: 3,377,424 Temporarily restricted gifts: $810 change in value of charitable remainder trust $31,369 Assets released from restriction ($255,572) change in asset retirement obligation ($149,839) Investment expense adjustment ($136,504)