2026-05-14T11:25:49-05:00 2025-06-30 135565207 KPMG LLP TWO MANHATTAN WEST 375 9TH AVENUE NEW YORK NY 10001 990 2024-07-01 471682208 THE BIOTECHNOLOGY INCUBATOR AT NYMC INC BIOT 9145941000 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 NICHOLAS JANIGA SECRETARY 9145941000 2026-05-14 1 0 EVAN W SEEKAMP P01907071 2127589700 2026-05-11 2024 2025-03-06 01:10:19Z ROBERT W AMLER 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 223804 0 X WWW.BIOINCNY.COM X 2014 NY TO STIMULATE THE ESTABLISHMENT AND GROWTH OF NUMEROUS BIOTECHNOLOGY START-UP COMPANIES. 4 1 0 1 0 0 0 0 167871 223804 0 0 0 0 167871 223804 0 0 0 0 115561 120375 0 0 3107 26019 31092 141580 151467 26291 72337 1982085 2059059 17963 22600 1964122 2036459 X THE PURPOSE IS TO STIMULATE THE ESTABLISHMENT AND GROWTH OF BIOTECHNOLOGY START-UP COMPANIES AND TO INCREASE THE NUMBER OF THRIVING COMPANIES ORIGINATING AND DEVELOPING WITHIN WESTCHESTER COUNTY AND THE LOWER HUDSON VALLEY AREA. (SEE SCHEDULE O) 0 0 123326 223804 TECHNOLOGY INCUBATOR: DIRECT BUSINESS DEVELOPMENT ASSISTANCE, PROFESSIONAL NETWORK AND RELATIONSHIP SUPPORT, EDUCATIONAL PROGRAMS AND FACILITY BASED SERVICES. 123326 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 4 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X ADAM HAMMERMAN 9145944570 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 X EDWARD C HALPERIN CHANCELLOR OF HEALTH AFF & CEO 0.10 34.90 X X 0 700132 72639 ROBERT W AMLER DEAN SHSP 0.10 34.90 X 0 425220 49578 ALAN KADISH PRESIDENT & TRUSTEE 0.10 34.90 X X 0 1112164 249801 HOWARD BARUCH DIRECTOR 0.10 0.40 X 0 0 0 NICHOLAS JANIGA VP, CHIEF COUNSEL & ASST SECRETARY 0.10 34.90 X 0 355397 82122 SALOMON AMAR MEDICAL DIRECTOR 0.10 34.90 X 0 607008 115083 0 3199921 569223 0 0 1 0 0 INCUBATOR PROGRAMS 561990 223804 223804 223804 223804 223804 0 0 96718 79109 15670 1939 366 183 183 16070 12559 3070 441 7221 5918 1159 144 14784 11975 2513 296 1548 1254 263 31 540 437 92 11 10391 8417 1766 208 371 301 63 7 SUPPLIES 1959 1959 1499 1214 255 30 151467 123326 25034 3107 1982085 2059059 1982085 2059059 17963 22600 17963 22600 X 1964122 2036459 1964122 2036459 1982085 2059059 72337 0 X 0 1 X 1 0 X 256004 250490 107135 0 0 613629 329209 353665 282148 167871 223804 1356697 585213 604155 389283 167871 223804 1970326 0 276540 311374 251448 147871 189954 1177187 276540 311374 251448 147871 189954 1177187 793139 585213 604155 389283 167871 223804 1970326 0.40250 0.44230 0.00000 X 0 DEPOSITS PAYABLE 22600 22600 X PART X, LINE 2: THE BIOTECHNOLOGY INCUBATOR AT NYMC, INC. 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 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, 2025 AND 2024, 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 & TRUSTEE 0 1066084 0 0 0 46080 0 72085 0 177716 0 1361965 0 0 EDWARD C HALPERIN CHANCELLOR OF HEALTH AFF & CEO 0 620952 0 50000 0 29180 0 32480 0 40159 0 772771 0 0 SALOMON AMAR MEDICAL DIRECTOR 0 582722 0 0 0 24286 0 19951 0 95132 0 722091 0 0 ROBERT W AMLER DEAN SHSP 0 391040 0 5000 0 29180 0 43320 0 6258 0 474798 0 0 NICHOLAS JANIGA VP, CHIEF COUNSEL & ASST SECRETARY 0 354947 0 0 0 450 0 32480 0 49642 0 437519 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 $54,835. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE BIOTECHNOLOGY INCUBATOR AT NYMC INC. ("BIOINC") HELPS THESE EMERGING COMPANIES WITH A VARIETY OF SUPPORT RESOURCES AND SERVICES THAT WILL ADVANCE THEM TO SUCCESS. FORM 990, PART V, LINE 2: BIOINC EMPLOYEES ALL INDIVIDUALS WORKING FOR BIOINC ARE PAID AND EMPLOYED 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 BIOINC HAS BEEN PROPERLY REPORTED AS BIOINC SALARY EXPENSE. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION MEMBERS THE SOLE MEMBER, ACTING THROUGH ITS BOARD OF DIRECTORS OR ITS DULY APPOINTED REPRESENTATIVE, SHALL MEET ANNUALLY FOR THE PURPOSE OF ELECTING DIRECTORS. FURTHER, ANY DIRECTOR MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY ACTION OF THE SOLE MEMBER. LASTLY, THE BYLAWS MAY BE AMENDED OR REPEALED BY THE SOLE MEMBER, OR BY THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE ENTIRE BOARD PRESENT AT ANY MEETING OF THE BOARD AT WHICH A QUORUM IS PRESENT. THE BOARD OF DIRECTORS MAY NOT AMEND OR REPEAL ARTICLE III [MEMBERS] OF THE BYLAWS IF SUCH AMENDMENT OR REPEAL WOULD ADVERSELY AFFECT THE RIGHTS OF THE SOLE MEMBER. NOTICE OF ANY CHANGE TO THE BYLAWS ADOPTED BY THE BOARD OF DIRECTORS SHALL BE PROVIDED TO THE SOLE MEMBER WITHIN 30 DAYS OF SUCH CHANGE. 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 BIOINC 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 BIOINC BEFORE THE FORM IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST REVIEW BIOINC HAS ADOPTED AND FOLLOWS THE CONFLICT OF INTEREST POLICY OF ITS 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 BIOINC. 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 BIOINC 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: BIOINC EMPLOYEES ALL INDIVIDUALS WORKING FOR BIOINC ARE PAID AND EMPLOYED 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 BIOINC HAS BEEN PROPERLY REPORTED AS BIOINC SALARY EXPENSE. FORM 990, PART VII, SECTION A AND PART IX, LINES 7-10: KEY EMPLOYEES BIOINC 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. TOURO UNIVERSITY (CALIFORNIA) 202 WEST 43RD ST NEW YORK NY 10036 133838740 EDUCATION CA 501(C)(3) 2 TOURO UNIVERSITY 1 NYMC LLC 202 WEST 43RD ST NEW YORK NY 10036 271481147 MEMBER NYMC DE 501(C)(3) 12A(I) TOURO UNIVERSITY 0 NEW YORK MEDICAL COLLEGE VEBA BNY MELLON NA ONE WALL STREET 12TH NEW YORK NY 10005 133872638 RETIREMENT BENEFIT NY 501(C)(9) N/A 1 TOURO UNIVERSITY NEVADA 202 WEST 43RD ST NEW YORK NY 10036 200363127 EDUCATION NV 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO COLLEGE AND UNIVERSITY SYSTEM INC 202 WEST 43RD ST NEW YORK NY 10036 680646771 EDUCATION NJ 501(C)(3) 2 TOURO UNIVERSITY 1 YESHIVAS OHR HACHAIM 202 WEST 43RD ST NEW YORK NY 10036 112808947 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 RABBI DOV REVEL YESHIVA OF FOREST HILLS 202 WEST 43RD ST NEW YORK NY 10036 111681674 EDUCATION NY 501(C)(3) 2 TOURO UNIVERSITY 1 TOURO LAW CENTER DEVELOPMENT FOUNDATION 202 WEST 43RD ST NEW YORK NY 10036 133922718 SUPPORT ORG NY 501(C)(3) 12A(I) TOURO UNIVERSITY 1 PARTNERSHIP FOR A HEALTHY POPULATION 202 WEST 43RD ST 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 TOURO UNIVERSITY 202 WEST 43RD ST NEW YORK NY 10036 132676570 EDUCATION NY 501(C)(3) 2 N/A 0 HEBREW THEOLOGICAL COLLEGE 7135 CARPENTER RD SKOKIE IL 60077 362167095 EDUCATION IL 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 0 TOURO UNIVERSITY MEDICAL GROUP 1805 N CALIFORNIA ST STE 201 STOCKTON CA 95204 843416009 HEALTH CARE CA 501(C)(3) 3 TOURO UNIVERSITY (CA) 1 NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 833709834 HEALTH CARE NY 501(C)(3) 10 NYMC 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 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 202 WEST 43RD ST NEW YORK NY 10035 131655230 SUPPORT ORG NY 501(C)(3) 12A(I) TOURO UNIVERSITY 1 TOURO SPEECH AND HEARING CLINIC INC 1602 AVENUE J BROOKLYN NY 11230 134180235 INACTIVE NY N/A C 1 TOURO FOUNDATION CORPORATION 202 WEST 43RD ST NEW YORK NY 10036 134014618 INACTIVE NY N/A C 1 TOURO UNIVERSITY FOUNDATION 202 WEST 43RD ST NEW YORK NY 10036 943318585 INACTIVE CA N/A C 1 TOURO COLLEGE FOUNDATION FOR JEWISH STUDIES 202 WEST 43RD ST NEW YORK NY 10036 133639225 INACTIVE NY N/A C 1 TOURO UNIVERSITY MEDICAL ASSOCIATES 1805 N CALIFORNIA STREET STE 201 STOCKTON CA 95204 843786336 HEALTH CARE CA N/A C 1 TOURO COLLEGE OF DENTAL MEDICINE FACULTY PRACTICE CORPORATION 202 WEST 43RD ST 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 PODIA INSURANCE LIMITED PO BOX 1109GT GEORGE TOWN GRAND CAYMAN CJ INSURANCE CJ TOURO UNIVERSITY C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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. ALL TRANSACTIONS WITH DIRECTLY CONTROLLED ORGANIZATIONS ARE REPORTED ON PART V, LINE 2.