Skip to content
Nonprofiteer
← NYMC - SCHOOL OF MEDICINE FACULTY PRACTICE CORPORATION

Form 990 for tax year 2022

Filed by NYMC - SCHOOL OF MEDICINE FACULTY PRACTICE CORPORATION.

Totals

Total revenue
$73,745
Total expenses
$376,701
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$73,745
Investment income
$0
Other revenue
$0
Total assets, end of year
$128,484
Total liabilities, end of year
$587,289
Net assets or fund balances, end of year
-$458,805
Program services expenses (Part IX)
$280,936
Management and general expenses
$87,998
Fundraising expenses
$7,767
Program service expenses (Part III)
$280,936

Program services were 74.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PATIENT SERVICES

    total $73,745 · related or exempt $73,745

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $252,892 · program services $190,537 · management and general $62,355

  • 8 · Pension plan contributions

    total $6,463 · program services $4,869 · management and general $1,594

  • 9 · Other employee benefits

    total $50,828 · program services $37,549 · management and general $13,279

  • 10 · Payroll taxes

    total $17,231 · program services $12,704 · management and general $4,527

  • 11g · Fees: other

    total $8,725 · program services $6,544 · management and general $2,181

  • 12 · Advertising and promotion

    total $7,767 · fundraising $7,767

  • 13 · Office expenses

    total $260 · management and general $260

  • 14 · Information technology

    total $13,552 · program services $10,164 · management and general $3,388

  • 16 · Occupancy

    total $1,657 · program services $1,243 · management and general $414

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $17,326 · program services $17,326

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $118,421 · end of year $128,484

  • 3 · Pledges and grants receivable

    beginning of year $88,017 · end of year $0

  • 25 · Other liabilities

    beginning of year $362,287 · end of year $587,289

  • 27 · Net assets without donor restrictions

    beginning of year -$155,849 · end of year -$458,805

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

SUPPORT THE SCHOOL OF MEDICINE OF NYMC BY PROVIDING CLINICAL INST., SUPERVISION, & PROF. SERVICES.

  • 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.

    Expenses $280,936 · Revenue $73,745

As filed on the 2022 return.

Listed in Part VII

  • Edward C Halperin

    CHANCELLOR & CEO

    Total calculated
    $690,233
    From this org
    $0
    From related orgs
    $628,684
    Other
    $61,549
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $549,374 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $24,310 related
    Deferred
    $0 + $27,240 related
    Nontaxable benefits
    $0 + $34,309 related
    Filer's total
    $0 + $690,233 related

  • Alan Kadish

    PRESIDENT, CEO AND TRUSTEE

    Total calculated
    $1,313,006
    From this org
    $0
    From related orgs
    $1,044,121
    Other
    $268,885
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,044,121 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $95,250 related
    Nontaxable benefits
    $0 + $173,635 related
    Filer's total
    $0 + $1,313,006 related

  • Jerry L Nadler

    DEAN SOM (END 02/24/23)

    Total calculated
    $712,750
    From this org
    $0
    From related orgs
    $666,697
    Other
    $46,053
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $590,018 related
    Bonus
    $0
    Other
    $0 + $76,679 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $30,803 related
    Filer's total
    $0 + $712,750 related

  • Lori Solomon

    MEDICAL DIRECTOR

    Total calculated
    $366,390
    From this org
    $0
    From related orgs
    $294,086
    Other
    $72,304
    Hours/week
    21 + 14 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,400 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $686 related
    Deferred
    $0 + $29,070 related
    Nontaxable benefits
    $0 + $43,234 related
    Filer's total
    $0 + $366,390 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TOURO SPEECH AND HEARING CLINIC INC

    C · INACTIVE · NY · controlled entity

  • TOURO FOUNDATION CORPORATION

    C · INACTIVE · NY · controlled entity

  • TOURO UNIVERSITY FOUNDATION

    C · INACTIVE · CA · controlled entity

  • TOURO COLLEGE FOUNDATION FOR JEWISH STUDIES

    C · INACTIVE · NY · controlled entity

  • TOURO UNIVERSITY MEDICAL ASSOCIATES

    C · HEALTH CARE · CA · controlled entity

  • TOURO COLLEGE OF DENTAL MEDICINE FACULTY PRACTICE CORPORATION

    C · HEALTH CARE · NY · controlled entity

  • SPEECH LANGUAGE PATHOLOGY PC

    C · HEALTH CARE · NY · controlled entity

  • LOVELACE SCIENTIFIC RESOURCES

    C · CLINICAL TRIAL RESEARCH · NM · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349309560

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.