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Nonprofiteer
← NEW YORK COLLEGE OF PODIATRIC MEDICINE

Form 990 for tax year 2024

Filed by NEW YORK COLLEGE OF PODIATRIC MEDICINE.

Totals

Total revenue
$10,495,996
Total expenses
$12,920,360
Contributions and grants received
$287,204
Grants paid
$871,774
Program service revenue
$8,526,733
Investment income
$678,054
Other revenue
$1,004,005
Total assets, end of year
$7,825,414
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,825,414
Program services expenses (Part IX)
$9,192,681
Management and general expenses
$3,727,679
Fundraising expenses
$0
Program service expenses (Part III)
$9,192,681

Program services were 71.1% 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.

  • 1e · Government grants (contributions)

    $96,965

  • 1f · All other contributions, gifts and grants

    $190,239

  • 2a · Program service revenue: STUDENT TUITION AND FEES

    total $7,317,967 · related or exempt $7,317,967

  • 2b · Program service revenue: RESIDENCY LECTURE

    total $592,965 · related or exempt $592,965

  • 2c · Program service revenue: CONTINUING EDUCATION

    total $318,480 · related or exempt $318,480

  • 2d · Program service revenue: CLINIC SERVICE

    total $297,321 · related or exempt $297,321

  • 3 · Investment income

    total $667,088 · excluded $667,088

  • 6a · Gross rents

    real property $17,993

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $17,993

  • 6d · Net rental income or loss

    total $17,993 · excluded $17,993

  • 7a · Gross sales of assets other than inventory

    securities $10,587,633

  • 7b · Less cost or other basis and sales expenses

    securities $10,576,667

  • 7c · Gain or loss

    securities $10,966

  • 7d · Net gain or loss

    total $10,966 · excluded $10,966

  • 11a · Other revenue: REIMBURSEMENTS

    total $939,398 · excluded $939,398

  • 11b · Other revenue: PARKING SPACE FEES

    total $38,375 · excluded $38,375

  • 11c · Other revenue: OTHER INCOME

    total $5,541 · excluded $5,541

  • 11d · All other revenue

    total $2,698 · excluded $2,698

  • 11e · Other revenue, total

    $986,012

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $871,774 · program services $871,774

  • 5 · Compensation of officers, directors and key employees

    total $461,621 · program services $261,189 · management and general $200,432

  • 7 · Other salaries and wages

    total $4,042,992 · program services $2,882,474 · management and general $1,160,518

  • 8 · Pension plan contributions

    total $229,126 · program services $163,784 · management and general $65,342

  • 9 · Other employee benefits

    total $429,350 · program services $306,715 · management and general $122,635

  • 10 · Payroll taxes

    total $405,834 · program services $284,084 · management and general $121,750

  • 11a · Fees: management

    total $127,000 · program services $88,900 · management and general $38,100

  • 11b · Fees: legal

    total $51,592 · program services $36,114 · management and general $15,478

  • 11c · Fees: accounting

    total $141,350 · management and general $141,350

  • 11f · Fees: investment management

    total $70,121 · management and general $70,121

  • 11g · Fees: other

    total $624,387 · program services $437,071 · management and general $187,316

  • 12 · Advertising and promotion

    total $3,951 · program services $2,766 · management and general $1,185

  • 13 · Office expenses

    total $242,702 · program services $169,890 · management and general $72,812

  • 14 · Information technology

    total $100,987 · program services $70,691 · management and general $30,296

  • 16 · Occupancy

    total $1,278,087 · program services $894,660 · management and general $383,427

  • 17 · Travel

    total $30,846 · program services $21,592 · management and general $9,254

  • 19 · Conferences, conventions and meetings

    total $19,016 · program services $13,311 · management and general $5,705

  • 22 · Depreciation, depletion and amortization

    total $245,231 · program services $171,662 · management and general $73,569

  • 23 · Insurance

    total $578,646 · program services $405,052 · management and general $173,594

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $2,642,318 · program services $1,849,623 · management and general $792,695

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $131,969 · program services $92,378 · management and general $39,591

  • 24c · Other expenses: GUEST LECTURES

    total $116,430 · program services $116,430

  • 24d · Other expenses: MISC. EXPENSES

    total $54,647 · program services $38,253 · management and general $16,394

  • 24e · All other expenses

    total $20,383 · program services $14,268 · management and general $6,115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,836,155 · end of year $9,250

  • 4 · Accounts receivable

    beginning of year $1,578,124 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,077 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $138,382 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,824,049 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $17,159,611 · end of year $7,816,164

  • 12 · Investments: other securities

    beginning of year $5,417,457 · end of year $0

  • 13 · Investments: program-related

    beginning of year $1,591,354 · end of year $0

  • 15 · Other assets

    beginning of year $14,000,367 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,332,381 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,454,131 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,566,738 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $22,076,796 · end of year $7,825,414

  • 28 · Net assets with donor restrictions

    beginning of year $3,120,706 · end of year $0

Mission and programs · 2024

Mission

NYCPM OF TOURO UNIVERSITY FOUNDATION SUPPORTS SCHOLARSHIPS AND GRANTS THAT WILL PROVIDE SUPPLEMENTAL OR PROJECT-SPECIFIC SUPPORT FOR RESEARCH, ACADEMIC, AND EDUCATIONAL PROGRAMS, EDUCATIONAL FACILITIES, AND OTHER PROGRAMS OR PROJECTS THAT ENHANCE AND SUPPORT THE ADVANCEMENT OF PODIATRIC MEDICINE EDUCATION AT THE NEW YORK COLLEGE OF PODIATRIC MEDICINE OF TOURO UNIVERSITY. THE FOUNDATION ALSO BUILDS AND FOSTERS ONGOING RELATIONSHIPS AMONG ALUMNI AND ALUMNI ORGANIZATIONS ASSOCIATED WITH THE NEW YORK COLLEGE OF PODIATRIC MEDICINE OF TOURO UNIVERSITY, INCLUDING FOSTERING CONNECTIONS BETWEEN ITS STUDENTS, FACULTY, AND STAFF BY PROVIDING RESOURCES, PROGRAMS, NETWORKING OPPORTUNITIES, AND OTHER EVENTS AND ACTIVITIES TO ENCOURAGE SUCH RELATIONSHIPS, AND CREATING MEANINGFUL OPPORTUNITIES TO PROMOTE AND INCREASE ENGAGEMENT, ADVANCEMENT, AWARENESS, LIFELONG LEARNING AND CAREER ADVICE, PRIDE AND PHILANTHROPIC COMMITMENT.

Activities or mission (Part I)

NYCPM FOUNDATION OF TOURO UNIVERSITY FOUNDATION SUPPORTS ADVANCEMENT OF PODIATRIC MEDICINE EDUCATION.

  • NEW YORK COLLEGE OF PODATRIC MEDICINE PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN PODIATRIC MEDICINE. AS OF 12/31/2024, THE COLLEGE TRANSFERED ITS ASSETS AND OPERATIONS TO TOURO UNIVERSITY, WHILE RETAINING $7.5M OF ASSETS TO BECOME A CHARITABLE FOUNDATION SUPPORTING THE PODIATRIC SCHOOL OF TOURO UNIVERSITY.

    Expenses $9,192,681 · Grants $871,774 · Revenue $8,526,733

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEITH A GREATHOUSE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • WILLIAM G RAISCH

    SECRETARY THRU 3/25

    Total calculated
    $0
    Hours/week
    0.3

  • JORDAN HELLER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • ANDREW A ALBERTI ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • HOWARD BARUCH MD

    BOARD MEMBER THRU 12/2024

    Total calculated
    $0
    Hours/week
    0.3

  • SUSHEEL BATHLA DPM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • JAY BIENENFELD DPM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • MARC BRENNER DPM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • KATHLEEN REILLY FALLON DPM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • WILLIAM H GRAHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • NEWMAN HOFFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • JOEL STURM CHIEF

    OPERATING OFFICER THRU 12/2024

    Total calculated
    $304,888
    From this org
    $250,100
    From related orgs
    $0
    Other
    $54,788
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $247,027
    Bonus
    $0
    Other
    $3,073
    Deferred
    $26,173
    Nontaxable benefits
    $28,615
    Filer's total
    $304,888

  • AMAN SAFAEI CHIEF

    INFORMATION OFFICER THRU 12/2024

    Total calculated
    $263,227
    From this org
    $224,972
    From related orgs
    $0
    Other
    $38,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,187
    Bonus
    $0
    Other
    $3,785
    Deferred
    $6,337
    Nontaxable benefits
    $31,918
    Filer's total
    $263,227

  • MICHAEL TREPAL VP ACADEMIC

    AFFAIRS & DEAN THRU 12/2024

    Total calculated
    $290,248
    From this org
    $235,011
    From related orgs
    $0
    Other
    $55,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,399
    Bonus
    $0
    Other
    $4,612
    Deferred
    $24,603
    Nontaxable benefits
    $30,634
    Filer's total
    $290,248

  • AVI COHEN

    SR. DIRECTOR OF FINANCE

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • ALAN KADISH MD

    CHIEF TRANSITION OFFICER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SAMUEL ADEGBOYEGA

    DPM THRU 12/2024

    Total calculated
    $225,443
    From this org
    $173,183
    From related orgs
    $0
    Other
    $52,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,026
    Bonus
    $0
    Other
    $157
    Deferred
    $11,307
    Nontaxable benefits
    $40,953
    Filer's total
    $225,443

  • ANTHONY JABRA

    DPM THRU 12/2024

    Total calculated
    $205,493
    From this org
    $173,794
    From related orgs
    $0
    Other
    $31,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,794
    Bonus
    $0
    Other
    $0
    Deferred
    $4,962
    Nontaxable benefits
    $26,737
    Filer's total
    $205,493

  • KEVIN JULES DIRECTOR OF

    SURGERY DEPT. THRU 12/2024

    Total calculated
    $217,388
    From this org
    $171,874
    From related orgs
    $0
    Other
    $45,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,951
    Bonus
    $0
    Other
    $1,923
    Deferred
    $18,321
    Nontaxable benefits
    $27,193
    Filer's total
    $217,388

  • SAMANTHA LANDAU

    DPM THRU 12/2024

    Total calculated
    $169,427
    From this org
    $162,165
    From related orgs
    $0
    Other
    $7,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,165
    Bonus
    $0
    Other
    $0
    Deferred
    $4,397
    Nontaxable benefits
    $2,865
    Filer's total
    $169,427

  • MATRONA GIAKOUMIS

    DPM THRU 12/2024

    Total calculated
    $193,883
    From this org
    $178,282
    From related orgs
    $0
    Other
    $15,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,282
    Bonus
    $0
    Other
    $0
    Deferred
    $5,496
    Nontaxable benefits
    $10,105
    Filer's total
    $193,883

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

  • PODIA INSURANCE LIMITED

    C · INSURANCE · CJ

    Directly controlled by TOURO UNIVERSITY

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • TOURO UNIVERSITY

    $11,645,585

    Disposition · CASH AND INVESTMENTS · Jan 1, 2025 · 501(C)(3)

  • TOURO UNIVERSITY

    $2,243,637

    Disposition · STUDENT, PERKINS LOANS AND OTHER RECEIVABLES · Jan 1, 2025 · 501(C)(3)

  • TOURO UNIVERSITY

    $2,614,965

    Disposition · LAND, BUILDINGS & EQUIPMENT · Jan 1, 2025 · 501(C)(3)

  • TOURO UNIVERSITY

    $13,646,348

    Disposition · OTHER ASSETS INCLUDING PREPAIDS AND RIGHT-OF-USE ASSETS · Jan 1, 2025 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349309396

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