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.
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 |
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 |
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 |
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 |
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 |
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 |
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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