Nassau Academy Of Medicine
- Assets
- $6.1m
- Revenue
- $190.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Garden City, NY
- Founding
- 07/1961
- Data as of
- 12/2023
- EIN
- 11-1805713
Organization Overview
Nassau Academy Of Medicine is located in Garden City, NY. The organization was established in 1961. As of 12/2023, Nassau Academy Of Medicine employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau Academy Of Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Nassau Academy Of Medicine generated $190.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $248.0k during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVANCED MEDICAL TRAINING, AS WELL AS MAINTAIN A MEDICAL LIBRARY FOR MEMBERS OF THE MEDICAL PROFESSION OF NASSAU COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ADVANCED MEDICAL TRAINING AS WELL AS MAINTENANCE OF A MEDICAL LIBRARY FOR MEMBERS OF THE MEDICAL PROFESSION OF NASSAU COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Podwall MD Secretary | OfficerTrustee | 0 | $0 |
Ellen Braunstein MD 1st VP | OfficerTrustee | 0 | $0 |
Susan Zwanger Mendelsohn MD President | OfficerTrustee | 0 | $0 |
Robert Schreiber MD Trustee | Trustee | 0 | $0 |
Ronald B Menzin MD 2nd VP | OfficerTrustee | 0 | $0 |
Bernadette Riley MD Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,060 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,060 |
| Total Program Service Revenue | $0 |
| Investment income | $229,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$94,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,168 |
| Payroll taxes | $4,940 |
| Fees for services: Management | $2,000 |
| Fees for services: Legal | $3,134 |
| Fees for services: Accounting | $6,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,147 |
| Fees for services: Other | $3,393 |
| Advertising and promotion | $1,930 |
| Office expenses | $2,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,986 |
| Travel | $1,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,214 |
| Insurance | $10,321 |
| All other expenses | $16,183 |
| Total functional expenses | $248,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,751 |
| Savings and temporary cash investments | $165,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,293 |
| Net Land, buildings, and equipment | $9,844 |
| Investments—publicly traded securities | $5,629,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,698 |
| Total assets | $6,071,925 |
| Accounts payable and accrued expenses | $4,895 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,895 |
| Net assets without donor restrictions | $6,052,149 |
| Net assets with donor restrictions | $14,881 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,071,925 |