2024-05-14T12:46:12-05:00 2023-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-07-01 271481147 NYMC LLC NYMC 6465656000 50 WEST 47TH STREET NEW YORK NY 10036 MELVIN NESS ASSISTANT TREASURER 6465656000 2024-05-14 1 MELVIN NESS 999009999 0 EVAN W SEEKAMP P01907071 2127589700 2024-05-12 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALAN KADISH 50 WEST 47TH STREET NEW YORK NY 10036 0 0 X WWW.TOURO.EDU X 2009 DE TOURO UNIVERSITY ACQUISITION OF NEW YORK MEDICAL COLLEGE AND LOVELACE BIOMEDICAL RESEARCH INSTITUTE. 5 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25852 25844 25852 25844 -25852 -25844 60082178 60082177 60545081 60570924 -462903 -488747 X NYMC, LLC WAS FORMED TO ASSIST TOURO UNIVERSITY ("THE UNIVERSITY") IN THE ACQUISTION OF NEW YORK MEDICAL COLLEGE AND LOVELACE BIOMEDICAL RESEARCH INSTITUTE. (SEE SCHEDULE O.) 0 0 THE ACQUISITION OF THE NEW YORK MEDICAL COLLEGE, LOVELACE BIOMEDICAL RESEARCH INSTITUTE AND LOVELACE SCIENTIFIC RESOURCES FACILITATES AND ACCELERATES THE UNIVERSITY'S STRATEGIC GROWTH, IMPROVES THE QUALITY OF ITS EDUCATIONAL OFFERINGS, EXPANDS RESEARCH AND DEVELOPMENT ACTIVITIES, AND PROVIDES GREATER PROFESSIONAL OPPORTUNITIES FOR STUDENTS. (SEE SCHEDULE O.) 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 1 0 NY X STUART LIPPMANN 6465656026 50 WEST 47TH STREET NEW YORK NY 10036 X ALAN KADISH PRESIDENT, CEO AND TRUSTEE 1.00 34.00 X X 0 1044121 268885 BEN CHOUAKE TREASURER AND MANAGER 0.10 0.90 X X 0 0 0 DAVID LICHTENSTEIN MANAGER 0.10 0.90 X 0 0 0 MARTIN OLINER MANAGER 0.10 0.90 X 0 0 0 ZVI RYZMAN CHAIRMAN AND MANAGER 1.00 4.00 X X 0 0 0 MELVIN NESS ASSISTANT TREASURER 1.00 34.00 X 0 417118 16540 0 1461239 285425 0 0 1 0 0 0 0 0 0 6908 6908 18936 18936 25844 0 25844 0 1459 1458 60080719 60080719 60082178 60082177 285742 242342 60259339 60328582 60545081 60570924 X -462903 -488747 -462903 -488747 60082178 60082177 -25844 0 X 0 1 X 1 0 X X 1 TOURO UNIVERSITY 132676570 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INVESTMENT IN NYMC 60080719 C 60080719 DUE TO AFFILIATES 60328582 60328582 X PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES FOOTNOTE FROM TOURO UNIVERSITY & RELATED ENTITIES CONSOLIDATED FINANCIAL STATEMENTS: NYMC LLC SUBSCRIBES TO A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2023 AND 2022, NYMC LLC DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS NET ASSETS. 0 1 0 0 0 0 0 0 0 ALAN KADISH PRESIDENT, CEO AND TRUSTEE 0 1044121 0 0 0 0 0 95250 0 173635 0 1313006 0 0 MELVIN NESS ASSISTANT TREASURER 0 417118 0 0 0 0 0 15250 0 1290 0 433658 0 0 PART I, LINE 3 METHODS USED TO DETERMINE COMPENSATION THE FILING ORGANIZATION, NYMC LLC, DOES NOT COMPENSATE ANY OF ITS MANAGERS OR OFFICERS. CERTAIN OFFICERS OF NYMC LLC ARE COMPENSATED BY A RELATED TAX EXEMPT ORGANIZATION. THE RELATED TAX EXEMPT ORGANIZATION USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF ITS PRESIDENT & CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B NONQUALIFIED DEFERRED COMPENSATION PLAN TOURO UNIVERSITY'S PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF $59,500. FORM 990, PART III, LINE 1 NYMC, LLC BECAME THE SOLE MEMBER OF NEW YORK MEDICAL COLLEGE ON MAY 13, 2011 AND LOVELACE BIOMEDICAL RESEARCH INSTITUTE AND LOVELACE SCIENTIFIC RESOURCES ON JULY 5, 2022. THE ACQUISITION OF THESE ENTITIES FACILITATES AND ACCELERATES THE COLLEGE'S STRATEGIC GROWTH, IMPROVES THE QUALITY OF ITS EDUCATIONAL OFFERINGS, EXPANDS RESEARCH AND DEVELOPMENT ACTIVITIES, AND PROVIDES GREATER PROFESSIONAL OPPORTUNITIES FOR ITS STUDENTS. IN ADDITION, ITS SINGLE MEMBER LLC, TRUMADA MANAGEMENT LLC INTENDS TO (A) ACT AS THE SPONSOR AND MANAGER OR GENERAL PARTNER OF ANY SPECIAL PURPOSE VEHICLE (SPV), (B) DEAL WITH ANY SECURITIES AND OTHER ASSETS THAT TRUMADA MAY RECEIVE FROM TIME TO TIME FROM ANY SPV OR OTHERWISE, AND (C) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A LIMITED LIABILITY COMPANY MAY BE ORGANIZED UNDER THE LAWS OF THE STATE OF DELAWARE. FORM 990, PART VI, SECTION A, LINE 6 MEMBER OF THE ORGANIZATION TOURO UNIVERSITY ("THE UNIVERSITY") IS THE SOLE MEMBER OF THE FILING ENTITY. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY IS THE SOLE MEMBER OF THE FILING ENTITY. AS SUCH, THE UNIVERSITY ELECTS ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE NYMC LLC FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, THE CFO AND CONTROLLER OF TOURO UNIVERSITY (THE SOLE MEMBER OF THE FILING ORGANIZATION) THEN REVIEW THE FORM 990. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE ANNUAL BOARD QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF CONFLICT INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL. OUR POLICIES REQUIRE THAT TRUSTEES, OFFICERS, AND KEY EMPLOYEES NOTIFY NYMC LLC ANY TIME CONFLICTS OF INTEREST ARISE. IN THE EVENT THERE IS A CONFLICT OF INTEREST, OR AN APPEARANCE OF A CONFLICT OF INTEREST, THE INDIVIDUAL MUST RECUSE THEMSELVES FROM ANY DISCUSSIONS OR DECISIONS CONCERNING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE FILING ORGANIZATION, NYMC LLC, DOES NOT COMPENSATE ANY OF ITS MANAGERS OR OFFICERS. OFFICERS ARE COMPENSATED BY TOURO UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTATION THE FORM 990 AND RELATED INFORMATION ARE MADE AVAILABLE TO THE PUBLIC, HOWEVER, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE PUBLIC. FORM 990, PART VI, SECTION B, LINE 16A JOINT VENTURES NYMC LLC DOES NOT HAVE A WRITTEN POLICY REGARDING JOINT VENTURES; HOWEVER, BEFORE ENTERING INTO ANY JOINT VENTURE AGREEMENTS THEY CONSULT WITH LEGAL AND TAX COUNSEL TO MAKE SURE THE EXEMPT STATUS OF THE ORGANIZATION IS PROTECTED. FORM 990, PART VII OFFICER COMPENSATION THE FILING ORGANIZATION, NYMC LLC, DOES NOT COMPENSATE ANY OF ITS MANAGERS OR OFFICERS. CERTAIN OFFICERS OF NYMC LLC ARE COMPENSATED BY A RELATED TAX EXEMPT ORGANIZATION. TRUMADA HOLDING CO LLC 1209 ORANGE STREET WILMINGTON DE 19801 384058721 INVESTMENTS DE 0 NYMC LLC TRUMADA MANAGEMENT COMPANY LLC 1209 ORANGE STREET WILMINGTON DE 19801 824314884 INVESTMENTS DE 0 TRUMADA HLDG TOURO UNIVERSITY 50 WEST 47TH STREET NEW YORK NY 10036 132676570 EDUCATION NY 501(C)(3) 2 N/A 0 TOURO UNIVERSITY (CALIFORNIA) 50 WEST 47TH STREET NEW YORK NY 10036 133838740 EDUCATION CA 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO UNIVERSITY NEVADA 50 WEST 47TH STREET NEW YORK NY 10036 200363127 EDUCATION NV 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO COLLEGE AND UNIVERSITY SYSTEM INC 50 WEST 47TH STREET NEW YORK NY 10036 680646771 EDUCATION NJ 501(C)(3) 2 TOURO UNIVERSITY 1 YESHIVAS OHR HACHAIM 50 WEST 47TH STREET NEW YORK NY 10036 112808947 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 RABBI DOV REVEL YESHIVA OF FOREST HILLS 50 WEST 47TH STREET NEW YORK NY 10036 111681674 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 NEW YORK MEDICAL COLLEGE 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 131099420 EDUCATION NY 501(C)(3) 2 NYMC LLC 1 THE PARTNERSHIP FOR A HEALTHY POPULATION 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 134038939 HEALTH STUDY NY 501(C)(3) 7 TOURO UNIVERSITY 1 TOURO LAW CENTER DEVELOPMENT FOUNDATION 50 WEST 47TH STREET NEW YORK NY 10036 133922718 SUPPORT NY 501(C)(3) 12A (I) TOURO UNIVERSITY 1 TOURO COLLEGE BERLIN GGMBH BERLIN AM RUPERHORN 4 BERLIN GM 14055 EDUCATION GM TOURO UNIVERSITY 1 THE BIOTECHNOLOGY INCUBATOR AT NYMC INC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 471682208 RESEARCH NY 501(C)(3) 10 NEW YORK MEDICAL COLLEGE 1 HEBREW THEOLOGICAL COLLEGE 7135 NORTH CARPENTER RD SKOKIE DE 60077 362167095 EDUCATION IL 501(C)(3) 2 TOURO UNIVERSITY 1 NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 833709834 HEALTH CARE NY 501(C)(3) 10 NEW YORK MEDICAL COLLEGE 1 TOURO UNIVERSITY MEDICAL GROUP 1805 N CALIFORNIA ST STE 201 STOCKTON CA 95204 843416009 HEALTH CARE CA 501(C)(3) 3 TOURO UNIVERSITY CALIFORNIA 1 CONGREGATION BAIS DAVID 141-61 71ST AVENUE KEW GARDEN HILLS NEW YORK NY 11367 112819714 RELIGIOUS NY 501(C)(3) 1 TOURO UNIVERSITY 1 LOVELACE BIOMEDICAL RESEARCH INSTITUTE 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 850110669 CLINICAL TRIAL RESEARCH NM 501(C)(3) 10 NYMC LLC 1 TOURO SPEECH AND HEARING CLINIC INC 50 WEST 47TH STREET NEW YORK NY 10036 134180235 INACTIVE NY N/A C 1 TOURO FOUNDATION CORPORATION 50 WEST 47TH STREET NEW YORK NY 10036 134014618 INACTIVE NY N/A C 1 TOURO UNIVERSITY FOUNDATION 50 WEST 47TH STREET NEW YORK NY 10036 943318585 INACTIVE CA N/A C 1 TOURO COLLEGE FND FOR JEWISH STUDIES 50 WEST 47TH STREET NEW YORK NY 10036 133639225 INACTIVE NY N/A C 1 TOURO UNIVERSITY MEDICAL ASSOCIATES 1805 N CALIFORNIA ST STE 201 STOCKTON CA 95204 843786336 HEALTH CARE CA N/A C 1 TOURO COLLEGE OF DENTAL MEDICINE FACULTY PRACTICE CORPORATION 50 WEST 47TH STREET NEW YORK NY 10036 871129539 HEALTH CARE NY N/A C 1 SPEECH LANGUAGE PATHOLOGY PC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 720564834 HEALTH CARE NY N/A C 1 LOVELACE SCIENTIFIC RESOURCES 2441 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 850357767 CLINICAL TRIAL RESEARCH NM N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART V TRANSACTIONS WITH RELATED ORGANIZATIONS UNDER IRC SECTIONS 512(B)(13) AND 318, ORGANIZATIONS CONTROLLED BY TOURO UNIVERSITY ARE ATTRIBUTED CONSTRUCTIVE OWNERSHIP BETWEEN THE BROTHER/SISTER RELATED ENTITIES ON SCHEDULE R. 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