WEILL CORNELL IMAGING AT NEW YORK-PRESBYTERIAN: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WEILL CORNELL IMAGING AT NEW YORK-PRESBYTERIAN (EIN 41-2237441)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-09
- IRS object ID
- 201223149349301622
- Schema version
- 2011v1.3
- 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 | 2012-11-09T13:46:13-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | 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 | 412237441 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Weill Cornell Imaging at New York- | BusinessNameLine1 |
| Business Name Line2 | Presbyterian | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % KATHLEEN BURKE | InCareOfName |
| Name Control | WEIL | NameControl |
| Phone | 2127462520 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 E 68TH STREET STARR 8A-37 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10065 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS STOKES | Name |
| Title | CFO | Title |
| Date Signed | 2012-11-07 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT J MIN MD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 E 68TH ST STARR 8A-37 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10065 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 67022186 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WCINYP.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2006 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY SERVICES AT FOUR SITES IN MANHATTAN, NEW YORK, AND HAS RECEIVED A CERTIFICATE OF NEED AND A LICENSE TO OPERATE FROM THE NEW YORK STATE DEPARTMENT OF HEALTH. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 57464744 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 67022186 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 57464744 | TotalRevenuePriorYear |
| Total Revenue Current Year | 67022186 | 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 | 21987293 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 25468624 | 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 | 22932087 | OtherExpensePriorYear |
| Other Expenses Current Year | 24284258 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 44919380 | TotalExpensesPriorYear |
| Total Expenses Current Year | 49752882 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 12545364 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 17269304 | RevenuesLessExpensesCY |
| Total Assets BOY | 20757816 | TotalAssetsBOY |
| Total Assets EOY | 28311633 | TotalAssetsEOY |
| Total Liabilities BOY | 1251816 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1536329 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19506000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26775304 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY SERVICES AT FOUR SITES IN MANHATTAN, NEW YORK, AND HAS RECEIVED A CERTIFICATE OF NEED AND A LICENSE TO OPERATE FROM THE NEW YORK STATE DEPARTMENT OF HEALTH. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 49752882 | Expense |
| Revenue | 67022186 | Revenue |
| Description | The organization provides outpatient radiology at four sites on the east side of Manhattan, NY. The organization operates diagnostic and treatment centers at 520 East 70st, 1305 York Ave, 425 East 61st, and 416 East 55th Street. These operations commenced on 1/1/08, 1/1/08, 3/1/08, and 1/1/08 respectively. In 2011, the organization had total accrual based revenues of $67,022,186. The organization had total accrual based operating expenses of $49,752,882. | Description |
| Total Program Service Expense | 49752882 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | 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 | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | 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 | false | 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 | false | RelatedEntity |
| Related Org Controlled Entity | false | 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 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| 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 | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KATHLEEN BURKE | NamePerson |
| Telephone Number | 2127464075 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 EAST 68TH STREET W109 | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10065 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Robert Kelly MD Began 101011 | |||||||
| Co-Chair/Director | 1.0 | X | X | 0 | 0 | 0 | |
| Steven J Corwin MD | |||||||
| Co-Chair/Director Exp 10/10/11 | 1.0 | X | X | 0 | 0 | 0 | |
| Laura D Forese MD MPH | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Gary J Zuar | |||||||
| Director/Treasurer | 1.0 | X | X | 0 | 0 | 0 | |
| Stephen M Cohen | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Michael G Stewart MD | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Daniel M Knowles MD | |||||||
| Co-Chair/Director | 1.0 | X | X | 0 | 0 | 0 | |
| Robert J Min MD | |||||||
| President | 13.3 | X | 330237 | 0 | 8550 | ||
| Thomas Stokes | |||||||
| CFO | 40.0 | X | 256689 | 0 | 15660 | ||
| Melissa Welch | |||||||
| Assistant Secretary | 1.0 | X | 0 | 0 | 0 | ||
| Martin Doyle | |||||||
| Controller | 1.0 | X | 0 | 0 | 0 | ||
| Kathleen M Burke | |||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | ||
| Joseph Comunale Jr | |||||||
| Physician | 40.0 | 431919 | 0 | 26160 | X | ||
| Keith Hentel | |||||||
| Physician | 31.6 | 391535 | 0 | 20608 | X | ||
| Clifford Phillips | |||||||
| Physician | 30.0 | 342750 | 0 | 27508 | X | ||
| Robert Zimmerman | |||||||
| Physician | 26.7 | 351135 | 0 | 24548 | X | ||
| Andrew Collins | |||||||
| Physician | 37.6 | 320516 | 0 | 34303 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2424781 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 157337 | TotalOtherCompensation |
| Number Individuals GT100 K | 60 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Ernst Young | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 Times Square | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | ACCT & AUDITING | DescriptionOfServices |
| Compensation | 240795 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Patient Revenue | 621512 | 66991153 | 66991153 |
| Other Income (Imaging CD Duplication) | 621512 | 31033 | 31033 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 67022186 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
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 |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 67022186 | TotalRevenueColumn |
| Related Or Exempt Function Income | 67022186 | RelatedOrExemptFunctionIncome |
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 | 0 | Total |
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 | 586926 | Total |
| Program Services | 586926 | ProgramServices |
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 | 19742501 | Total |
| Program Services | 19742501 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5139197 | Total |
| Program Services | 5139197 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
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 | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
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 | 6182416 | Total |
| Program Services | 6182416 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3635945 | Total |
| Program Services | 3635945 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1801353 | Total |
| Program Services | 1801353 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3434441 | Total |
| Program Services | 3434441 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 194445 | Total |
| Program Services | 194445 | ProgramServices |
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 | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1404598 | Total |
| Program Services | 1404598 | ProgramServices |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Equipment Lease/Purchases | 3934948 | 3934948 |
| Bad Debt | 3696112 | 3696112 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49752882 | Total |
| Program Services | 49752882 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13200406 | BOY |
| EOY | 22769047 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | 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 | 5378265 | BOY |
| EOY | 5542586 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2179145 | BOY |
| EOY | 0 | EOY |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20757816 | BOY |
| EOY | 28311633 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 789816 | BOY |
| EOY | 1005067 | 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 | 462000 | BOY |
| EOY | 531262 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1251816 | BOY |
| EOY | 1536329 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19506000 | BOY |
| EOY | 26775304 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19506000 | BOY |
| EOY | 26775304 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20757816 | BOY |
| EOY | 28311633 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 17269304 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -10000000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 39502823 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 54156697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 57464743 | CurrentTaxYearMinus1Year |
| Current Tax Year | 67022186 | CurrentTaxYear |
| Total | 218146449 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 39502823 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 54156697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 57464743 | CurrentTaxYearMinus1Year |
| Current Tax Year | 67022186 | CurrentTaxYear |
| Total | 218146449 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 900026 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 900026 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 900026 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 900026 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 217246423 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 2000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 2000 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 2000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 2000 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 39504823 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 54156697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 57464743 | CurrentTaxYearMinus1Year |
| Current Tax Year | 67022186 | CurrentTaxYear |
| Total | 218148449 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | X | First5Years509 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment | |
| Other Land Buildings | OtherLandBuildings | |
| Total Revenue | 67022186 | TotalRevenue |
| Total Expenses | 49752882 | TotalExpenses |
| Excess Or Deficit For Year | 17269304 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 17269304 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 67022186 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 67022186 | RevenueSubtotal |
| Total Revenue Per Form990 | 67022186 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 49752882 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 49752882 | ExpensesSubtotal |
| Total Expenses Per Form990 | 49752882 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| 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 (7 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 | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Robert J Min MD | |||||||||||||
| 330237 | 0 | 0 | 0 | 0 | 0 | 8550 | 0 | 0 | 0 | 338787 | 0 | 0 | 0 |
| Thomas Stokes | |||||||||||||
| 256689 | 0 | 0 | 0 | 0 | 0 | 15660 | 0 | 0 | 0 | 272349 | 0 | 0 | 0 |
| Joseph Comunale Jr | |||||||||||||
| 431919 | 0 | 0 | 0 | 0 | 0 | 26160 | 0 | 0 | 0 | 458079 | 0 | 0 | 0 |
| Keith Hentel | |||||||||||||
| 391535 | 0 | 0 | 0 | 0 | 0 | 20608 | 0 | 0 | 0 | 412143 | 0 | 0 | 0 |
| Clifford Phillips | |||||||||||||
| 342750 | 0 | 0 | 0 | 0 | 0 | 27508 | 0 | 0 | 0 | 370258 | 0 | 0 | 0 |
| Robert Zimmerman | |||||||||||||
| 351135 | 0 | 0 | 0 | 0 | 0 | 24548 | 0 | 0 | 0 | 375683 | 0 | 0 | 0 |
| Andrew Collins | |||||||||||||
| 320516 | 0 | 0 | 0 | 0 | 0 | 34303 | 0 | 0 | 0 | 354819 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 990, PART VI, QUESTION 2 | Identifier |
| Explanation | DESCRIPTION OF BUSINESS RELATIONSHIPS President Robert J. Min, M.D. and Directors Stephen M. Cohen, Michael Stewart, M.D., Daniel M. Knowles, M.D. and officers Thomas Stokes and Martin Doyle are all employees of Cornell. Dr. Min is President and Mr. Cohen, Dr. Stewart and Dr. Knowles are each Directors of MRSI Management, Inc. which is one of the two corporate Members. Thomas Stokes is CFO of Weill Cornell Imaging at New York-Presbyterian. Martin Doyle is Director of Finance at Weill Cornell Physician Organization. Director/Treasurer Gary J. Zuar, Secretary Kathleen M. Burke and Directors Steven J. Corwin, M.D., Laura D. Forese, M.D., M.P.H and Robert Kelly, M.D., and officer Melissa Welch, J.D. are all employees of NYPH and President Robert J. Min, M.D. serves as the Radiologist-in-Chief of NYPH (Weill Cornell campus). Dr. Corwin was Executive Vice President and Chief Operating Officer (term exp 10/10/11), Dr. Kelly is Executive Vice President and Chief Operating Officer (Term Began 10/11/11), Dr. Forese is Senior Vice President, Mr. Zuar is Senior Vice President and Ms. Burke is Vice President of NYPH and Dr. Corwin, Dr. Kelly, Dr. Forese and Mr. Zuar are Directors of NYP Services, Inc., which is one of the two corporate Members. Melissa Welch is Assistant Corporate Secretary. Each of the persons listed as the highest compensated employees in Part VII Line 1.b is an employee of Cornell, whose services have been provided to WCINYP through the Medical Services Agreement and Staff Leasing Agreement. President Robert J. Min, M.D. and Directors Stephen M. Cohen, Michael Stewart, M.D. and Daniel M. Knowles, M.D. are all employees of Cornell. FORM 990, PART VI, QUESTION 6 DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS THE ORGANIZATION HAS TWO MEMBERS - NYP SERVICES, INC. AND MRSI MANAGEMENT, INC. FORM 990, PART VI, QUESTION 7A DESCRIPTION OF CLASSES OF PERSONS AND THEIR RIGHTS THE CORPORATION HAS 2 MEMBERS - NYP SERVICES, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("NYPS"), AND MRSI MANAGEMENT, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("MRSI"). NOTWITHSTANDING ANY OTHER PROVISION OF THESE BY-LAWS, THE MEMBERS, BY THEIR MUTUAL WRITTEN CONSENT, SHALL HAVE EXCLUSIVE AUTHORITY TO TAKE ANY OF THE FOLLOWING ACTIONS: *ADOPTING OR MATERIALLY REVISING THE CORPORATION'S BUSINESS PLAN; *APPROVING ANY NEW LINE OF BUSINESS OTHER THAN SUCH LINES SPECIFIED IN THE CERTIFICATE OF INCORPORATION OR THE CORPORATION'S BUSINESS PLAN; *APPROVING OR FUNDING ANY SUBSIDIARY, OR ANY MATERIAL INVESTMENT IN A JOINT VENTURE, AFFILIATE OR OTHER ORGANIZATION; *APPROVING ANY EXPENDITURE OF $500,000 OR MORE, OR INCURRING ANY DEBT OR OBLIGATION IN EXCESS OF $100,000; *APPROVING ANY MERGER OR CONSOLIDATION; *APPROVING THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OTHER THAN IN DISSOLUTION; *CREATING ANY NEW CLASS OR CLASSES OF MEMBERS, OR ADMITTING ANY NEW MEMBER, WHETHER BY APPROVING THE TRANSFER, ASSIGNMENT OR SALE OF A MEMBERSHIP INTEREST OR OTHERWISE; *APPROVING THE PLEDGE, ENCUMBRANCE OR DISPOSAL OF ALL OR ANY PART OF A MEMBERSHIP INTEREST IN THE CORPORATION; *ADOPTING ANY AMENDMENT, ALTERATION OR REPEAL OF ALL OR ANY PART OF THE CERTIFICATE OF INCORPORATION OR THESE BY-LAWS FORM 990, PART VI, QUESTION 7B DESCRIBE CLASSES OF PERSONS, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MRSI MANAGEMENT, INC. AND NYP SERVICES, INC. FORM 990, PART VI, QUESTION 11B DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 THE FORM 990 IS CIRCULATED TO ALL THE BOARD MEMBERS BEFORE SUBMISSION, AND IT IS REVIEWED AND APPROVED FOR FILING BY THE AUDIT COMMITTEE OF THE BOARD. FORM 990, PART VI, QUESTION 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST WEILL CORNELL IMAGING AT NEWYORK-PRESBYTERIAN (WCINYP) ADHERES TO A CONFLICT OF INTEREST (COI) POLICY THAT WAS APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE POLICY STATES: "THE PURPOSE OF THE CONFLICT OF INTEREST POLICY, IN ACCORDANCE WITH ARTICLE VII OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW, IS TO PROTECT THE INTERESTS OF WEILL CORNELL IMAGING AT NEW YORK- PRESBYTERIAN ("ORGANIZATION") WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR OR KEY ADMINISTRATOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION." THE POLICY INCLUDES INSTRUCTIONS FOR AD-HOC DISCLOSURES AS WELL AS AN ANNUAL PROCESS FOR DISCLOSING AND EVALUATING CONFLICT OF INTEREST. UNDER "DUTY TO DISCLOSE" THE POLICY STATES: "IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIALS FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT." UNDER "DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS" THE POLICY STATES: "AFTER DISCOURSE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS." WITH REGARD TO THE ANNUAL PROCESS THE POLICY STATES: "EACH DIRECTOR, OFFICER, KEY ADMINISTRATOR AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY FINANCIAL INTERESTS SUCH PERSON HAS AS WELL ANY OTHER POTENTIAL CONFLICTS OF INTEREST WITH THE ORGANIZATION THAT THE BOARD MAY INQUIRE ABOUT. THE QUESTIONNAIRE MAY REQUEST INFORMATION, FOR EXAMPLE, ABOUT ANY RELATIONSHIPS SUCH PERSON HAS WITH COMPETITORS OF THE ORGANIZATION. ALL PERSONS COMPLETING THE QUESTIONNAIRE SHALL SIGN A STATEMENT AFFIRMING SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES." FORMS ARE SUBMITTED TO THE COMPLIANCE OFFICER AND ANY FORMS THAT DISCLOSE POTENTIAL CONFLICTS ARE REVIEWED BY THE COMPLIANCE OFFICER AND THE WCINYP PRESIDENT. THEIR RECOMMENDATIONS IN TERMS OF ADJUDICATING ACTUAL OR POTENTIAL CONFLICTS ARE THEN SUBMITTED TO THE AUDIT COMMITTEE FOR FINAL REVIEW AND APPROVAL. LETTERS ARE SENT TO THE INDIVIDUAL WHO SUBMITTED THE FORM ADVISING HIM/HER OF THE REQUIRED COURSE OF ACTION TO RESOLVE OR MANAGE THE CONFLICTS. COPIES ARE SENT TO THE INDIVIDUAL'S SUPERVISOR. FORM 990, PART VI, QUESTION 15A AND 15B OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN THERE ARE NO INDIVIDUALS WHO CURRENTLY RECEIVE COMPENSATION FROM WCINYP. EACH OF THE OFFICERS AND DIRECTORS OF WCINYP ARE FULL TIME EMPLOYEES OF EITHER CORNELL OR NYPH, WHICH ARE EACH NON-PROFIT 501(C)(3) PUBLIC CHARITIES, AND THEIR COMPENSATION ARRANGEMENTS WITH THEIR RESPECTIVE EMPLOYERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICIES OF THOSE INSTITUTIONS, ARE APPROVED IN ADVANCE BY THE RESPECTIVE BOARDS OF DIRECTORS, ARE SET FORTH IN WRITING, AND ARE BASED ON COMPENSATION SURVEYS OF SIMILAR SITUATED ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS BY INDEPENDENT FIRMS, AND IN SOME CASES ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. WCINYP HAS ENTERED INTO A STAFF LEASING AGREEMENT WITH CORNELL, WHICH INCLUDES THE SERVICES OF THE MEDICAL DIRECTOR, WHO ALSO SERVES AS PRESIDENT OF WCINYP, AND WCINYP HAS ENTERED INTO A MEDICAL SERVICES AGREEMENT, WHICH INCLUDES SERVICES OF PHYSICIANS EMPLOYED BY CORNELL. THROUGH THOSE ARRANGEMENTS WHICH WERE APPROVED BY THE WCINYP BOARD OF DIRECTORS, WCINYP REIMBURSES CORNELL FOR ITS COSTS OF EMPLOYING SUCH INDIVIDUALS, WHICH COST TO CORNELL IS DETERMINED BASED ON MARKET CONDITIONS. FORM 990, PART VI, QUESTION 19 AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC EXTERNAL REQUESTS FOR OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE REVIEWED FOR VALIDITY. THESE REQUESTS ARE THEN GRANTED IF DEEMED APPROPRIATE. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCE OF $10,000,000 REPRESENTS TWO DISTRIBUTIONS of $5,000,000 TO WEILL CORNELL MEDICAL COLLEGE AND THE NEW YORK PRESBYTERIAN HOSPITAL. | Explanation |