2026-05-13T15:56:37-05:00 2025-06-30 135565207 KPMG LLP TWO MANHATTAN WEST 375 9TH AVENUE NEW YORK NY 10001 990 2024-07-01 131655230 FOOT CLINICS OF NEW YORK FOOT 6465656000 202 WEST 43RD STREET NEW YORK NY 10036 BENJAMIN LOWENTHAL VP, CFO 2124108100 2026-05-12 1 0 EVAN W SEEKAMP P01907071 2127589700 2026-05-11 2024 2025-03-06 01:10:19Z X FOOT CENTER OF NEW YORK MELVIN NESS 202 WEST 43RD STREET NEW YORK NY 10036 1987189 0 X HTTPS://FOOTCENTEROFNEWYORK.ORG/ X 1910 NY FOOT CLINICS OF NEW YORK (FCNY) PROVIDES AMBULATORY SERVICES TO A LARGE (SEE SCHEDULE O). 26 17 25 32 0 0 33220 287300 1551433 1665537 7 29 6605 34323 1591265 1987189 0 0 0 0 1320309 1475235 0 0 0 3272472 1944431 4592781 3419666 -3001516 -1432477 693256 1133737 94297057 1142737 -93603801 -9000 FOOT CLINICS OF NEW YORK (FCNY) PROVIDES AMBULATORY SERVICES TO A LARGE UNDERSERVED POPULATION IN NEW YORK CITY. FCNY SUPPORTS THE PODIATRY PROGRAM OF TOURO UNIVERSITY WHOSE STUDENTS PERFORM CLINICAL ROTATIONS AT THE CLINIC. 0 0 2860124 1665537 FOOT CLINICS OF NEW YORK AMBULATORY PODIACTRIC SERVICES TO A LARGE MEDICALLY UNDERSERVED POPULATION IN THE CITY OF NEW YORK. THERE WERE 11,501 PATIENT VISITS IN THE FISCAL YEAR 2025. 2860124 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 1 11 0 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 NY X STUART LIPPMAN 6465656026 202 WEST 43RD STREET NEW YORK NY 10036 KEITH A GREATHOUSE TRUSTEE (END 12/2024) 0.00 1.00 X X 0 0 0 JORDAN HELLER TRUSTEE (END 12/2024) 0.00 1.00 X X 0 0 0 SUSHEEL BATHLA DPM TRUSTEE (END 12/2024) 0.00 1.00 X X 0 0 0 ANDREW A ALBERTI TRUSTEE (END 12/2024) 0.00 1.00 X 0 0 0 HOWARD BARUCH TRUSTEE (END 12/2024) 0.00 1.00 X 0 0 0 JAY BIENENFELD TRUSTEE (END 12/2024) 0.00 1.00 X 0 0 0 MARC BRENNER TRUSTEE (END 12/2024) 0.00 1.00 X 0 0 0 KATHLEEN REILLY FALLON DPM TRUSTEE (END 12/2024) 0.00 1.00 X 0 0 0 WILLIAM G RAISCH TRUSTEE (END 12/2024) 0.00 1.00 X 0 0 0 ALAN KADISH PRESIDENT, CEO AND TRUSTEE 0.10 34.90 X X 0 1112164 249801 ABRAHAM BIDERMAN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 ALLEN FAGIN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 BEN CHOUAKE TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 RABBI DANIEL LANDER TRUSTEE (START 1/2025) 0.10 34.90 X 0 309135 214156 DAVID LICHTENSTEIN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 HOWARD FRIEDMAN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 ISRAEL SENDROVIC TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 JACK WEINREB TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 LAWRENCE PLATT TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 MARTIN OLINER TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 RABBI MENACHEM GENACK TRUSTEE (START 1/2025) 0.10 34.90 X 0 58994 153 SOLOMON GOLDFINGER TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 STEPHEN ROSENBERG TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 ZVI RYZMAN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 ABRAHAM GUTNICKI TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 SHMUEL BRAUN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 SHABSAI WOLFE TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 BRIAN LEVINSON TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 MARGARET RETTER TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 GILLES GADE TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 GARY TORGOW TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 STEVEN ZULLER TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 ZAHAVA FRIEDMAN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 JUDY HASTEN KAYE TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 DEBRA HARTMAN TRUSTEE (START 1/2025) 0.00 1.00 X 0 0 0 JOEL STURM COO AND VP OF ADMIN 10.00 25.00 X 0 250100 26625 AVI COHEN SR. DIRECTOR OF FINANCE 0.50 34.50 X 0 108581 43870 WILLIAM BAYER ADMINISTRATOR 10.00 25.00 X 157628 0 1445 VICTOR POLITI MEDICAL DIRECTOR 5.00 30.00 X 0 363071 15908 EUNICE RAMSEY-PARKER CLINICAL ADMINISTRATOR 35.00 0.00 X 129486 0 1445 MELVIN NESS TRUSTEE (START 1/2025) 0.10 34.90 X 0 490503 17773 MICHAEL TREPAL DEAN, VP OF ACADEMIC AFFAIRS, PROFESSOR, SURGERY 10.00 25.00 X 0 235011 26625 BRIANA RAMIREZ DIRECTOR OF PHYSICAL THERAPY 35.00 0.00 X 140191 0 12350 427305 2927559 610151 3 0 1 0 0 287300 287300 TUITION 611600 800381 800381 COMMERCIAL REVENUE 621990 608570 608570 MEDICAID 621990 169984 169984 MEDICARE 621990 84967 84967 SELF PAY 621990 1635 1635 1665537 29 29 CONFERENCE REVENUE 900099 31475 31475 PARKING CARD FEES 900099 2848 2848 34323 1987189 1665537 0 34352 290004 242552 47452 995707 832785 162922 48891 40891 8000 47084 39380 7704 93549 78242 15307 48025 40167 7858 264319 221070 43249 1300 1087 213 8422 7044 1378 5645 4721 924 76620 64083 12537 -46900 -39226 -7674 -25233 -21104 -4129 27911 23344 4567 58392 48838 9554 SHARED FACILITIES COSTS 939399 785690 153709 MEDICAL SERVICES CONTRA 530793 443942 86851 MEDICAL SURG LAB SUPPLI 38719 32384 6335 BIO HAZARDOUS WASTE 5242 4384 858 11777 9850 1927 3419666 2860124 559542 0 1709 128750 27088 89295 75453 122049 2387611 12611 453115 2375000 -1445466 693256 1133737 209789 745780 94087268 396957 94297057 1142737 X -93603801 -9000 -93603801 -9000 693256 1133737 X -1432477 95027278 X 0 1 X 1 0 X 14278 2000 67131 33220 287300 403929 1175120 1289241 1438340 1551433 1699889 7154023 1189398 1291241 1505471 1584653 1987189 7557952 0 0 0 7557952 25930 131 8 7 29 26105 25930 131 8 7 29 26105 11341 4082 5045 6605 34323 61396 1226669 1295454 1510524 1591265 2021541 7645453 0.98860 0.99150 0.00340 0.00370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2218403 1984 2216419 38561 284 38277 130491 10327 120164 156 16 140 2375000 OTHER LIABILITIES 396957 396957 X PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE FOUNDATION 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, 2025 AND 2024, THE UNIVERSITY 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 1066084 0 0 0 46080 0 72085 0 177716 0 1361965 0 0 RABBI DANIEL LANDER TRUSTEE (START 1/2025) 0 292893 0 0 0 16242 0 56713 0 157443 0 523291 0 0 MELVIN NESS TRUSTEE (START 1/2025) 0 481113 0 0 0 9390 0 17250 0 523 0 508276 0 0 VICTOR POLITI MEDICAL DIRECTOR 0 362573 0 0 0 498 0 15541 0 367 0 378979 0 0 JOEL STURM COO AND VP OF ADMIN 0 247027 0 0 0 3073 0 0 0 26625 0 276725 0 0 MICHAEL TREPAL DEAN, VP OF ACADEMIC AFFAIRS, PROFES 0 230399 0 0 0 4612 0 0 0 26625 0 261636 0 0 WILLIAM BAYER ADMINISTRATOR 157377 0 0 0 251 0 0 0 1445 0 159073 0 0 0 BRIANA RAMIREZ DIRECTOR OF PHYSICAL THERAPY 140118 0 0 0 73 0 0 0 12350 0 152541 0 0 0 AVI COHEN SR. DIRECTOR OF FINANCE 0 108452 0 0 0 129 0 6659 0 37211 0 152451 0 0 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 THE FOLLOWING AMOUNTS: ALAN KADISH - $54,538 RABBI DANIEL LANDER - $41,908 PART VII SECTION A THE INDIVIDUALS WITH BOARD TERMS ENDING 12/31/2024 REPRESENT THE LEGACY BOARD MEMBERS OF THE ORGANIZATION THAT WERE REPLACED BY THE INDIVIDUALS WITH BOARD TERMS BEGINNING 1/1/2025 AS A RESULT OF THE TRANSFER TO TOURO UNIVERSITY (NEW YORK). FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JANUARY 1, 2025, THE ORGANIZATION'S ORGANIZING DOCUMENTS AND POLICIES WERE UPDATED TO FACILITATE AND REFLECT THAT THE OWNERSHIP OF FCNY WAS CHANGED TO TOURO UNIVERSITY (NEW YORK). SUBSEQUENT TO THE CHANGE, FCNY CONTINUED ITS CLINICAL OPERATIONS IN A SUBSTANTIALLY SIMILAR FASHION. FORM 990, PART VI, SECTION B, LINE 11B FOOT CLINICS OF NEW YORK FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE CONTROLLER, OFFICERS AND THE AUDIT COMMITTEE OF THE BOARD OF THE 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 TOURO 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 15B THE BOARD OF DIRECTORS, WHO RELY UPON EXTERNAL THIRD-PARTY COMPARABILITY DATA, APPROVES COMPENSATION FOR THE ADMINISTRATOR. COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE COMMITTEE WHEN THE DECISIONS ARE MADE. THIS PROCESS WAS LAST UNDERTAKEN AT THE END OF FISCAL YEAR 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: ACQUISITION ADJUSTMENT 95,027,278. FORM 990, PART I SUMMARY FOOT CLINICS OF NEW YORK (FCNY) PROVIDES AMBULATORY SERVICES TO A LARGE UNDERSERVED POPULATION IN NEW YORK CITY. FCNY SUPPORTS THE PODIATRY PROGRAM OF TOURO UNIVERSITY WHOSE STUDENTS PERFORM CLINICAL ROTATIONS AT THE CLINIC. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTATION AVAILABLE TO PUBLIC: THE FOUNDATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC. TOURO UNIVERSITY (CALIFORNIA) 202 WEST 43RD STREET NEW YORK NY 10018 133838740 EDUCATION CA 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO UNIVERSITY NEVADA 202 WEST 43RD STREET NEW YORK NY 10018 200362127 EDUCATION NV 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO COLLEGE AND UNIVERSITY SYSTEM INC 202 WEST 43RD STREET NEW YORK NY 10018 680646771 EDUCATION NJ 501(C)(3) 2 TOURO UNIVERSITY 1 YESHIVAS OHR HACHAIM 202 WEST 43RD STREET NEW YORK NY 10036 112808947 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 RABBI DOV REVEL YESHIVA OF FOREST HILLS 202 WEST 43RD STREET NEW YORK NY 10036 111681674 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO LAW CENTER DEVELOPMENT FOUNDATION 202 WEST 43RD STREET NEW YORK NY 10036 133922718 SUPPORT ORG NY 501(C)(3) 12A, I TOURO UNIVERSITY 1 NYMC LLC 202 WEST 43RD STREET NEW YORK NY 10036 271481147 MEMBER NYMC DE 501(C)(3) 12A, I TOURO UNIVERSITY 1 NEW YORK MEDICAL COLLEGE 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 131099420 EDUCATION NY 501(C)(3) 2 NYMC LLC 1 PARTNERSHIP FOR A HEALTHY POPULATION 202 WEST 43RD STREET NEW YORK NY 10036 134038939 HEALTH STUDY NY 501(C)(3) 7 TOURO UNIVERSITY 1 TOURO COLLEGE BERLIN GGMBH BERLIN AM RUPERHORN 4 BERLIN GM 14055 EDUCATION GM TOURO UNIVERSITY 1 HEBREW THEOLOGICAL COLLEGE 7135 NORTH CARPENTER ROAD SKOKIE IL 60077 362167095 EDUCATION IL 501(C)(3) 2 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 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 NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 833709834 HEALTH CARE NY 501(C)(3) 10 NEW YORK MEDICAL COLLEGE 1 CONGREGATION BAIS DAVID 141-61 71ST AVENUE KEW GARDEN HILLS NY 11367 112819714 RELIGIOUS NY 501(C)(3) 1 TOURO UNIVERSITY 1 LOVELACE BIOMEDICAL RESEARCH INSTITUTE 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 850110669 RESEARCH NM 501(C)(3) 10 NYMC LLC 1 MCLAUGHLIN RESEARCH INSTITUTE FOR BIOMEDICAL SCIENCES 1520 23RD STREET SOUTH GREAT FALLS MT 59405 810459235 GENETIC RESEARCH MT 501(C)(3) 2 NYMC LLC 1 FOOT CLINICS OF NEW YORK 55 EAST 124TH STREET NEW YORK NY 10035 131655230 SUPPORT ORG NY 501(C)(3) 12A(I) TOURO UNIVERSITY 1 NEW YORK COLLEGE OF PODIATRIC MEDICINE 55 EAST 124TH STREET NEW YORK NY 10025 131632552 SCHOOL OF PODIATRIC MEDICINE NY 501(C)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART V 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. ALL TRANSACTIONS WITH DIRECTLY CONTROLLED ORGANIZATIONS ARE REPORTED ON PART V, LINE 2. SCHEDULE R AS OF JANUARY 1, 2025, CEASED TO EXIST AS A SEPARATE RELATED ORGANIZATION. THE FINANCIAL OPERATIONS OF THE NEW YORK COLLEGE OF PODIATRIC MEDICINE, SUBSEQUENTLY KNOWN AS TOURO UNIVERSITY NEW YORK COLLEGE OF PODIATRIC MEDICINE, WERE TRANSFERRED TO TOURO UNIVERSITY OF NEW YORK.