New York College Of Podiatric Medicine
- Assets
- $55.7m
- Revenue
- $20.1m
- Investments
- $5.0m
- Employees
- 210
- Location
- New York, NY
- Founding
- 10/1955
- Data as of
- 06/2021
- EIN
- 13-1632522
Organization Overview
New York College Of Podiatric Medicine is located in New York, NY. The organization was established in 1955. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, New York College Of Podiatric Medicine employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York College Of Podiatric 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 06/2021, New York College Of Podiatric Medicine generated $20.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $21.7m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW YORK COLLEGE OF PODIATRIC MEDICINE PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN PODIATRIC MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK COLLEGE OF PODATRIC MEDICINE PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN PODIATRIC MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis L Levine President And CEO | OfficerTrustee | 40 | $369,874 |
Michael Trepal VP Academic Affairs & Dean | Officer | 40 | $206,019 |
Joel Sturm Chief Operating Officer | Officer | 40 | $205,021 |
Greg Onaifo Chief Financial Officer Thru 9/2020 | Officer | 40 | $186,089 |
Aman Safaei Chief Information Officer | Officer | 40 | $179,572 |
Samuel Adegboyega Dpm | 40 | $167,458 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Touro College Service Agreement | 6/29/21 | $298,919 |
Up & Down Cleaning Inc Cleaning Services | 6/29/21 | $294,688 |
Security Usa Inc Security Services | 6/29/21 | $535,352 |
Xerox Corporation Printer Services | 6/29/21 | $224,738 |
Icahn School Of Medicine At Mount Sinai Student Services | 6/29/21 | $164,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $747,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,059,978 |
| Total Program Service Revenue | $13,971,589 |
| Investment income | $1,606,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,086,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,085,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $756,096 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,235,131 |
| Compensation of current officers, directors, key employees. | $571,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,788,865 |
| Pension plan accruals and contributions | $327,432 |
| Other employee benefits | $843,377 |
| Payroll taxes | $735,942 |
| Fees for services: Management | $246,960 |
| Fees for services: Legal | $202,177 |
| Fees for services: Accounting | $169,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,730 |
| Fees for services: Other | $1,140,967 |
| Advertising and promotion | $37,457 |
| Office expenses | $829,761 |
| Information technology | $185,538 |
| Royalties | $0 |
| Occupancy | $2,266,881 |
| Travel | $12,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,649 |
| Interest | $82,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $529,561 |
| Insurance | $701,294 |
| All other expenses | $0 |
| Total functional expenses | $21,676,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,089 |
| Savings and temporary cash investments | $4,974,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,020,833 |
| 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 | $101,143 |
| Net Land, buildings, and equipment | $3,814,190 |
| Investments—publicly traded securities | $37,821,592 |
| Investments—other securities | $5,043,773 |
| Investments—program-related | $2,835,139 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,714,669 |
| Accounts payable and accrued expenses | $2,036,283 |
| Grants payable | $0 |
| Deferred revenue | $2,885,354 |
| 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 | $7,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,044,767 |
| Total liabilities | $16,266,404 |
| Net assets without donor restrictions | $38,668,104 |
| Net assets with donor restrictions | $780,161 |
| 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 | $55,714,669 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New York College Of Podiatric Medicine has recieved totaling $75,182.
| Awarding Organization | Amount |
|---|---|
J T Tai & Co Foundation Inc New York, NY PURPOSE: PROGRAMS SUPPORT | $50,000 |
Bako Medical Education Foundation Inc Alpharetta, GA PURPOSE: ENDOWMENT SCHOLARSHIP FUND | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $182 |
Endowment Analysis
| Beg. Balance | $999,369 |
| Earnings | $154,922 |
| Net Contributions | $25,000 |
| Other Expense | $22,286 |
| Ending Balance | $1,157,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Law Boston Boston, MA | $111,835,752 | $46,208,385 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |
Cairn University Langhorne, PA | $53,369,669 | $36,996,664 |
International Federation Of Accountants New York, NY | $24,926,636 | $31,445,814 |
Gordon Conwell Theological Seminary Inc South Hamilton, MA | $116,606,718 | $30,704,023 |
Union Theological Seminary New York, NY | $238,656,208 | $35,345,843 |
Hackensack Meridian School Of Medicine A Nj Nonprofit Corporatio Edison, NJ | $53,683,933 | $22,703,274 |
Westminster Theological Seminary Glenside, PA | $50,091,847 | $28,664,746 |
New York College Of Podiatric Medicine New York, NY | $55,714,669 | $20,085,509 |
Northeast College Of Health Sciences Seneca Falls, NY | $84,603,959 | $23,816,443 |