New York College Of Health Professions
- Assets
- $13.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 79
- Location
- Syosset, NY
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 11-2705352
Organization Overview
New York College Of Health Professions is located in Syosset, NY. The organization was established in 1986. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2022, New York College Of Health Professions employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York College Of Health Professions 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 12/2022, New York College Of Health Professions generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL COSTS ARE THE DIRECT COSTS ASSOCIATED WITH THE STUDENTS COMPLETING THEIR COURSE OF STUDY IN THE MASSAGE THERAPY PROGRAM LEADING TO AN ASSOCIATES DEGREE AND LICENSING FROM NYS AND THE GRADUATE SCHOOL OF ORIENTAL MEDICINE LEADING TO A MASTERS DEGREE AND NYS LICENSING IN ACUPUNCTURE. IN 2022 THE TOTAL STUDENT BODY WAS APPROXIMATELY 415 STUDENTS.
SEE SCHEDULE O
ACADEMIC SUPPORT EXPENSES ARE THE COSTS ASSOCIATED WITH THE CLINICAL PRACTICE THAT IS REQUIRED TO PREPARE STUDENTS TO SIT FOR THE NYS LICENSING EXAM. THIS AREA IS SET-UP AS A MODEL CLINIC WHERE STUDENTS TREAT PATIENTS FROM THE COMMUNITY UNDER THE SUPERVISION OF THEIR INSTRUCTOR. THERE WERE APPROXIMATELY 15,000 TREATMENTS PERFORMED IN 2022.
AUXILIARY SERVICES ARE THE COSTS RELATED TO STUDENTS COMPLETING THEIR STUDY AT THE COLLEGE. THE SERVICES PROVIDED ARE CAFETERIA AND FOOD SERVICE AND A BOOK STORE PROVIDING STUDENTS WITH BOOKS, UNIFORMS, MASSAGE TABLES AND OTHER STUDY MATERIALS ASSOCIATED WITH THEIR PROGRAM OF STUDY. THERE IS AN HERBAL DISPENSERY WHERE STUDENTS COMPLETE THEIR INTERNSHIPS IN HERBAL REMEDY. THERE IS AN OUTPATIENT CLINIC WHERE STUDENTS OBSERVE LICENSED PROFESSIONALS TREAT PATIENTS IN THE VARIOUS MODALITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Li Song MD Lac President | OfficerTrustee | 35 | $272,857 |
Errol Virasawmi CFO | Officer | 20 | $125,137 |
King V Cheek Chairman | OfficerTrustee | 10 | $0 |
Samuel Lehrfeld Board Member | OfficerTrustee | 1 | $0 |
Xipeng Li MBA Board Member | OfficerTrustee | 1 | $0 |
Rumei Yuan Ms PHD MD Board Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alt Service Llc Maintenance, Security & Cafe Services | 12/30/19 | $273,420 |
Clarity Maintenance, Security & Cafe Services | 12/30/19 | $160,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $878,097 |
| 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 | $878,097 |
| Total Program Service Revenue | $4,203,593 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,083,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $379,224 |
| 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 | $1,995,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,800 |
| Payroll taxes | $300,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,259 |
| Fees for services: Accounting | $32,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,165 |
| Advertising and promotion | $41,531 |
| Office expenses | $43,347 |
| Information technology | $2,857 |
| Royalties | $0 |
| Occupancy | $955,551 |
| Travel | $75,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,000 |
| Insurance | $133,340 |
| All other expenses | $163,126 |
| Total functional expenses | $4,958,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,564,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,196 |
| Prepaid expenses and deferred charges | $31,159 |
| Net Land, buildings, and equipment | $55,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,736,081 |
| Total assets | $13,411,901 |
| Accounts payable and accrued expenses | $113,142 |
| Grants payable | $0 |
| Deferred revenue | $342,525 |
| 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 | $8,574 |
| Total liabilities | $464,241 |
| Net assets without donor restrictions | $12,947,660 |
| Net assets with donor restrictions | $0 |
| 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 | $13,411,901 |