New York Medical College
- Assets
- $318.7m
- Revenue
- $119.7m
- Investments
- $17.3m
- Employees
- 1,133
- Location
- Valhalla, NY
- Founding
- 08/1940
- Data as of
- 06/2020
- EIN
- 13-1099420
New York Medical College Overview
New York Medical College is located in Valhalla, NY. The organization was established in 1940. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2020, New York Medical College employed 1,133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, New York Medical College generated $119.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $119.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Medical College has awarded 83 individual grants totaling $5,402,273. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
NEW YORK MEDICAL COLLEGE IS A HEALTH SCIENCES UNIVERSITY WHOSE PURPOSE IS TO EDUCATE PHYSICIANS, SCIENTISTS PUBLIC HEALTH SPECIALISTS AND OTHER HEALTHCARE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL EDUCATION: EDUCATE INDIVIDUALS FOR CAREERS IN MEDICAL, SCIENCE AND HEALTH PROFESSIONS.
AFFILIATION AND FACULTY PRACTICE: NYMC FACULTY MEMBERS PROVIDE SUPERVISION, TEACHING AND RELATED ADMINISTRATIVE SERVICES AT WESTCHESTER MEDICAL CENTER AND OTHER METROPOLITAN AREA HOSPITALS IN SUPPORT OF VARIOUS MEDICAL STUDENT RESIDENCY PROGRAMS.
AUXILIARY: CAMPUS SERVICES (HOUSING AND DINING) PROVIDED TO THE STUDENTS AND THE NYMC COMMUNITY TO LIVE AND FUNCTION ON CAMPUS.
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New York Medical College Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Halperin Chancellor Of Health Aff & CEO | Officer | 35 | $553,618 |
Jerry L Nadler MD Dean Of The School Of Medicine | Officer | 35 | $507,105 |
Michael H Gewitz Professor | 35 | $451,004 | |
Mitchell S Cairo Professor | 35 | $411,843 | |
Robert W Amler Dean Shsp & VP Gov't Affairs | Officer | 35 | $385,414 |
Gerard M Villucci Administrator | 35 | $382,010 |
New York Medical College Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pavarini North East Construction Co Construction | 6/29/20 | $3,901,038 |
Able Services Cleaning Service | 6/29/20 | $1,546,080 |
Elsevier Inc Elevator | 6/29/20 | $791,072 |
Commercial Furniture Interiors Inc Furniture | 6/29/20 | $504,926 |
Hi Link Computers Corp Computers & Software | 6/29/20 | $444,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $317,934 |
| Related organizations | $0 |
| Government grants | $484,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,653,924 |
| Noncash contributions included in lines 1a–1f | $32,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,456,447 |
| Total Program Service Revenue | $108,584,600 |
| Investment income | $2,906,022 |
| Tax Exempt Bond Proceeds | $2,971 |
| Royalties | $0 |
| Net Rental Income | $1,584,257 |
| Net Gain/Loss on Asset Sales | $623,867 |
| Net Income from Fundraising Events | -$28,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,697,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,251,630 |
| Grants and other assistance to domestic individuals. | $6,328,951 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,630,826 |
| Compensation of current officers, directors, key employees. | $1,277,403 |
| Compensation to disqualified persons | $61,046 |
| Other salaries and wages | $58,800,635 |
| Pension plan accruals and contributions | $3,414,775 |
| Other employee benefits | $8,838,144 |
| Payroll taxes | $3,931,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $278,812 |
| Fees for services: Accounting | $300,077 |
| Fees for services: Lobbying | $73,575 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $213,413 |
| Fees for services: Other | $3,197,575 |
| Advertising and promotion | $135,268 |
| Office expenses | $1,279,486 |
| Information technology | $1,335,439 |
| Royalties | $0 |
| Occupancy | $5,487,853 |
| Travel | $559,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,695 |
| Interest | $4,463,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,700,979 |
| Insurance | $539,374 |
| All other expenses | $727,117 |
| Total functional expenses | $119,901,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,630,290 |
| Savings and temporary cash investments | $9,569,056 |
| Pledges and grants receivable | $3,134,234 |
| Accounts receivable, net | $10,324,188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,724,208 |
| Inventories for sale or use | $114,286 |
| Prepaid expenses and deferred charges | $910,964 |
| Net Land, buildings, and equipment | $178,440,583 |
| Investments—publicly traded securities | $74,745,390 |
| Investments—other securities | $17,279,552 |
| Investments—program-related | $0 |
| Intangible assets | $10,200,000 |
| Other assets | $5,605,159 |
| Total assets | $318,677,910 |
| Accounts payable and accrued expenses | $23,832,133 |
| Grants payable | $0 |
| Deferred revenue | $16,463,426 |
| Tax-exempt bond liabilities | $45,748,949 |
| Escrow or custodial account liability | $1,834,194 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,122,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,471,052 |
| Total liabilities | $141,472,263 |
| Net assets without donor restrictions | $116,003,140 |
| Net assets with donor restrictions | $61,202,507 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,677,910 |
New York Medical College Grants Awarded
Over the last fiscal year, New York Medical College has awarded $1,247,630 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Ossining, NY PURPOSE: RESEARCH | $246,036 |
OREGON HEALTH AND SCIENCE UNIVERSITY PURPOSE: RESEARCH | $198,012 |
UNIVERSITY OF TEXAS SOUTHWESTERN MED CENTER PURPOSE: RESEARCH RESEARCH RESEARCH | $179,563 |
WESTCHESTER COUNTY HEALTH CARE CORP PURPOSE: RESEARCH RESEARCH RESEARCH | $173,920 |
Ann Arbor, MI PURPOSE: RESEARCH RESEARCH RESEARCH | $147,801 |
Augusta, GA PURPOSE: RESEARCH | $52,356 |
New York Medical College Grants Recieved
Over the last fiscal year, we have identified 6 grants that New York Medical College has recieved totaling $18,800.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: SCIENTIFIC RESEARCH | | $7,500 |
Organization Name not Listed PURPOSE: SCIENTIFIC RESEARCH | | $7,500 |
Single Step Foundation Paradise Valley, AZ PURPOSE: EDUCATIONAL GRANT | $2,500 |
Jackson E And Evelyn G Spears Foundation Inc New York, NY PURPOSE: GENERAL FUND - FOR ANNUAL EXPENSES | $1,000 |
Fordan Family Foundation Cedar Hill, TX PURPOSE: WHITE COAT FUND | $150 |
Fordan Family Foundation Cedar Hill, TX PURPOSE: WHITE COAT FUND | $150 |
Endowment Analysis
| Beg. Balance | $70,675,557 |
| Earnings | $1,593,773 |
| Admin Expense | $150,927 |
| Net Contributions | $52,194 |
| Other Expense | $3,380,799 |
| Ending Balance | $68,789,798 |
New York Medical College Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,063,447,825 | $364,446,517 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Teachers College Columbia University New York, NY | $595,935,497 | $299,754,373 |
Mcphs University Boston, MA | $1,486,480,487 | $345,361,919 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $5,527,904 | $152,113,198 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $178,440,650 | $158,892,412 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $601,786,639 | $162,737,666 |
New York Law School New York, NY | $325,648,327 | $75,645,849 |
Brooklyn Law School Brooklyn, NY | $327,973,230 | $65,236,818 |
Touro University New York, NY | $80,973,441 | $91,677,502 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
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