2025-05-14T16:40:37-05:00 2024-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2023-07-01 833709834 NYMC - SCHOOL OF MEDICINE FACULTY PRACTICE NYMC 9145944470 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 EDWARD C HALPERIN CHANCELLOR & CEO 9145944470 2025-05-14 1 0 EVAN W SEEKAMP P01907071 2127589700 2025-05-14 2023 2025-03-06 01:10:19Z DR ALAN KADISH 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 159313 0 X WWW.NYMC.EDU/FAMILY-HEALTH-CENTER/ X 2017 NY SUPPORT THE SCHOOL OF MEDICINE OF NYMC BY PROVIDING CLINICAL INST., SUPERVISION, & PROF. SERVICES. 3 0 0 0 0 0 0 0 73745 159313 0 0 0 0 73745 159313 0 0 0 0 327414 251735 0 0 4010 49287 44114 376701 295849 -302956 -136536 128484 104502 587289 699843 -458805 -595341 FACILITATE INTEGRATION OF CLINICAL PRACTICES OF NYMC CLINICAL FACULTY FOR THE BENEFIT OF AND TO SUPPORT THE EDUCATION, RESEARCH AND PATIENT CARE PROGRAMS OF NYMC. 0 0 208536 159313 EDUCATION: SUPPORT AND FURTHER THE TEACHING ENDEAVORS OF THE SCHOOL OF MEDICINE OF THE NEW YORK MEDICAL COLLEGE ("NYMC") CLINICAL FACULTY BY ENGAGING IN EDUCATION AND TRAINING PROGRAMS FOR NYMC MEDICAL STUDENTS, AND FACILITATING AND PROMOTING INTEGRATION OF THE CLINICAL PRACTICES OF THE CLINICAL FACULTY OF NYMC INTO A COORDINATED, COMPREHENSIVE, AND FISCALLY SOUND PATIENT CARE DELIVERY SYSTEM FOR THE BENEFIT OF THE EDUCATION, RESEARCH, AND PATIENT CARE PROGRAMS OF NYMC. 208536 1 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X ADAM HAMMERMAN 9145944750 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 X EDWARD C HALPERIN CHANCELLOR & CEO 0.10 34.90 X X 0 658482 67643 ALAN KADISH PRESIDENT, CEO AND TRUSTEE 0.10 34.90 X X 0 1064178 271255 ROBERT W AMLER DEAN SHSP 0.10 34.90 X 0 436705 44838 LORI SOLOMON MEDICAL DIRECTOR 30.00 5.00 X 0 293069 76865 JERRY L NADLER FORMER DEAN SOM - END 2/24/23 0.10 34.90 X 0 173821 8115 0 2626255 468716 0 1 1 0 0 PATIENT SERVICES 611310 159313 159313 159313 159313 159313 0 0 196464 139636 56828 5471 3676 1795 36484 26643 9841 13316 9135 4181 24189 17174 7015 4010 4010 412 412 9196 6529 2667 89 63 26 MEDICAL SUPPLIES 4362 4362 1856 1318 538 295849 208536 83303 4010 128484 104502 128484 104502 587289 699843 587289 699843 X -458805 -595341 -458805 -595341 128484 104502 -136536 0 X 0 1 X 1 0 X 0 0 0 0 0 42171 221983 104113 73745 159313 601325 42171 221983 104113 73745 159313 601325 0 0 0 601325 42171 221983 104113 73745 159313 601325 1.00000 1.00000 0.00000 X 0 DUE TO NYMC 699592 VENDOR LIABILITY 251 699843 X PART X, LINE 2: THE NYMC - SCHOOL OF MEDICINE FACULTY PRACTICE IS INCLUDED IN THE NEW YORK MEDICAL COLLEGE AUDITED FINANCIAL STATEMENTS. THE NEW YORK MEDICAL COLLEGE AUDITED FINANCIAL STATEMENT FOOTNOTE, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, STATES THE FOLLOWING: THE COLLEGE PRESCRIBES 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, 2024 AND 2023, THE COLLEGE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS FINANCIAL STATEMENTS. 0 1 0 0 0 0 0 0 0 ALAN KADISH PRESIDENT, CEO AND TRUSTEE 0 1064178 0 0 0 0 0 16500 0 254755 0 1335433 0 0 EDWARD C HALPERIN CHANCELLOR & CEO 0 579802 0 50000 0 28680 0 31129 0 36514 0 726125 0 0 ROBERT W AMLER DEAN SHSP 0 379525 0 28500 0 28680 0 41490 0 3348 0 481543 0 0 LORI SOLOMON MEDICAL DIRECTOR 0 292364 0 0 0 705 0 28406 0 48459 0 369934 0 0 JERRY L NADLER FORMER DEAN SOM - END 2/24/23 0 168629 0 0 0 5192 0 5420 0 2695 0 181936 0 0 PART I, LINE 4B NONQUALIFIED DEFERRED COMPENSATION PLAN THE PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF $59,500. FORM 990, PART V, LINE 2: NYMC - SCHOOL OF MEDICINE FACULTY PRACTICE ("NYMC FACULTY PRACTICE") EMPLOYEES: ALL INDIVIDUALS WORKING FOR NYMC FACULTY PRACTICE ARE EMPLOYED AND PAID BY NEW YORK MEDICAL COLLEGE ("NYMC"), A RELATED 501(C)(3) TAX EXEMPT ENTITY. ALL FORMS W-2 ARE ISSUED BY NYMC. THE PORTION OF THEIR SALARIES ALLOCATED TO TIME WORKED FOR NYMC FACULTY PRACTICE HAS BEEN PROPERLY REPORTED AS NYMC FACULTY PRACTICE SALARY EXPENSE. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION MEMBERS THE MEMBERS OF THE ORGANIZATION ARE APPOINTED AND MAY BE REMOVED BY THE BOARD OF NEW YORK MEDICAL COLLEGE ("NYMC"). THE MEMBERS MUST ALL BE AUTHORIZED BY LAW TO PRACTICE THE PROFESSION OF MEDICINE IN THE STATE OF NEW YORK AND MUST BE MEMBERS OF FACULTY IN GOOD STANDING OF THE NYMC SCHOOL OF MEDICINE OR A CORPORATE OFFICER OF NYMC. THE ORGANIZATION IS MANAGED BY ITS BOARD OF DIRECTORS. THE MEMBERS OF THE ORGANIZATION SERVE AS THE VOTING MEMBERS OF THE BOARD OF DIRECTORS. THE BYLAWS OF THE ORGANIZATION MAY BE AMENDED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE ABOVE. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE ABOVE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW NYMC FACULTY PRACTICE'S FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM THEN REVIEWED BY THE SENIOR MANAGEMENT OF NYMC, SPECIFICALLY THE CONTROLLER, THE VICE PRESIDENT AND CFO AND GENERAL COUNSEL AND SUBMITTED TO AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES OF NYMC. COPIES OF THIS RETURN ARE DISTRIBUTED TO THE FULL BOARD OF NYMC FACULTY PRACTICE BEFORE THE FORM IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST REVIEW NYMC FACULTY PRACTICE HAS ADOPTED AND FOLLOWS THE CONFLICT OF INTEREST POLICY OF ITS 501(C)(3) TAX EXEMPT RELATED ENTITY, NYMC. NYMC HAS TWO CONFLICT OF INTEREST POLICIES, ONE FOR THE MEMBERS OF THE BOARD OF TRUSTEES AND THE SECOND IS APPLICABLE TO ALL FULL-TIME FACULTY AND EMPLOYEES OF NYMC, INCLUDING THOSE WORKING AT NYMC FACULTY PRACTICE. ANNUAL DISCLOSURE FORMS ARE DISTRIBUTED AND ARE REQUIRED TO BE SUBMITTED BY BOTH POLICIES. COMPLIANCE WITH THE BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY IS MONITORED BY NEW YORK MEDICAL COLLEGE'S INSTITUTIONAL COMPLIANCE OFFICER, THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES OF NYMC. COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY APPLICABLE TO FULL-TIME FACULTY AND EMPLOYEES IS MONITORED BY THE INSTITUTIONAL COMPLIANCE OFFICER AND AUDIT COMMITTEE OF NEW YORK MEDICAL COLLEGE. FORMAL CONFLICT MANAGEMENT PLANS ARE IMPLEMENTED FOR ANY ACTUAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINES 13 AND 14 GOVERNANCE POLICIES NYMC FACULTY PRACTICE DOES NOT HAVE SEPARATE GOVERNANCE POLICIES. IT HAS ADOPTED AND FOLLOWS THE GOVERNANCE POLICIES OF ITS RELATED ENTITY, NYMC. NYMC HAS GOVERNANCE POLICIES (WHISTLEBLOWER, DOCUMENTATION RETENTION, ETC.) FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT AVAILABILITY THE GOVERNING DOCUMENTS AND OTHER POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A AND PART IX, LINES 7-10: NYMC - SCHOOL OF MEDICINE FACULTY PRACTICE EMPLOYEES: ALL INDIVIDUALS WORKING FOR NYMC FACULTY PRACTICE ARE EMPLOYED AND PAID BY NEW YORK MEDICAL COLLEGE ("NYMC"), A RELATED 501(C)(3) TAX EXEMPT ENTITY. ALL FORMS W-2 ARE ISSUED BY NYMC. THE PORTION OF THEIR SALARIES ALLOCATED TO TIME WORKED FOR NYMC FACULTY PRACTICE HAS BEEN PROPERLY REPORTED AS NYMC FACULTY PRACTICE SALARY EXPENSE. FORM 990, PART VII, SECTION A AND PART IX, LINES 7-10: KEY EMPLOYEES NYMC FACULTY PRACTICE DOES NOT HAVE ANY EMPLOYEES. ALL INDIVIDUALS REPORTED ON PART VII AND SCHEDULE J, ARE COMPENSATED BY A RELATED TAX-EXEMPT ORGANIZATION. IN EVALUATING WHETHER ANY INDIVIDUALS ARE KEY EMPLOYEES THE COMPENSATION PAID BY THE RELATED ORGANIZATION IS CONSIDERED IN APPLYING THE COMPENSATION THRESHOLDS. 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ALL TRANSACTIONS WITH DIRECTLY CONTROLLED ORGANIZATIONS ARE REPORTED ON PART V, LINE 2.