Nycomec Corp
- Assets
- $1.7m
- Revenue
- $4.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Old Westbury, NY
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 11-3302750
Organization Overview
Nycomec Corp is located in Old Westbury, NY. The organization was established in 1997. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Nycomec Corp employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Nycomec Corp 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 12/2021, Nycomec Corp generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (58.5%) each year. All expenses for the organization totaled $66.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUALLY IMPROVE THE QUALITY AND SCOPE OF GRADUATE MEDICAL EDUCATION WITHIN THE CONTINUUM OF OSTEOPATHIC MEDICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COORDINATE A COLLECTIVE EFFORT TO ENHANCE THE QUALITY OF GRADUATE MEDICAL EDUCATION IN THE NEW YORK AND NEW JERSEY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Broder President | Officer | 40 | $310,865 |
Nicole Wadsworth Chairman | OfficerTrustee | 0.1 | $0 |
William Blazay Secretary | OfficerTrustee | 0.1 | $0 |
Jerry Balentine Member | Trustee | 0.1 | $0 |
Shane Speights Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,430 |
| 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 | $4,430 |
| 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. | $310,865 |
| Compensation of current officers, directors, key employees. | $46,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,508 |
| Payroll taxes | $26,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,472 |
| Advertising and promotion | $0 |
| Office expenses | $5,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,035 |
| Travel | $2,303 |
| 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 | $0 |
| Insurance | $31,216 |
| All other expenses | -$655,635 |
| Total functional expenses | $66,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,294,565 |
| Savings and temporary cash investments | $248,163 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $109,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,652,727 |
| Accounts payable and accrued expenses | $183,367 |
| 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 | $912,830 |
| Total liabilities | $1,096,197 |
| Net assets without donor restrictions | $308,367 |
| Net assets with donor restrictions | $248,163 |
| 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 | $1,652,727 |
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