Westchester Academy Of Medicine
- Assets
- $1.9m
- Revenue
- $109.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Valhalla, NY
- Founding
- 02/1959
- Data as of
- 12/2021
- EIN
- 13-1855248
Organization Overview
Westchester Academy Of Medicine is located in Valhalla, NY. The organization was established in 1959. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westchester 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 12/2021, Westchester Academy Of Medicine generated $109.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $133.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROVIDE POST GRADUATE EDUCATIONAL OPPORTUNITIES & FACILITIES FOR TRAINING MEDICAL PROFESSIONALS; TO ESTABLISH AND MAINTAIN A MEDICAL LIBRARY, TO PUBLISH TECHNICAL INFORMATION CONCERNING THE ACHIEVEMENTS OF SCIENTIFIC MEDICINE AND HEALTH EDUCATION FOR THE PUBLIC; AND FACILITATES THE DISSEMINATION OF SCIENTIFIC INFORMATION THROUGH TEACHING LECTURES, MEETINGS AND FORUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OVERALL GOALS OF THE WESTCHESTER ACADEMY OF MEDICINE CONTINUING MEDICAL EDUCATION (CME)CENTER IS TO PROVIDE OPPORTUNITIES FOR MEMBER AND NON-MEMBER PHYSICIANS AND RELATED HEALTH CARE PROFESSIONALS TO PARTICIPATE IN EXCELLENT CONTINUING MEDICAL EDUCATIONAL PROGRAMMING. THESE PROGRAMS FOCUS ON THE LATEST TECHNOLOGICAL AND SCIENTIFIC DISCOVERIES, IMPROVEMENTS AND ENHANCEMENTS AND WILL BE PRESENTED WITH OUR JOINTLY-PROVIDED HOSPITALS AND OUR CO-PROVIDED SPECIALTY SECTIONS.
THE ACADEMY HELPED TO SPONSOR THE WESTCHESTER SCIENCE AND ENGINEERING FAIR FOR HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tobi Klar MD Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Jacobson MD Vice President | OfficerTrustee | 1.3 | $0 |
Daniel Gold MD President | OfficerTrustee | 0.25 | $0 |
Thomas T Lee MD Treasurer | OfficerTrustee | 0.5 | $0 |
Marshal Peris MD Chair Cme | Trustee | 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 | $2,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,300 |
| Total Program Service Revenue | $68,451 |
| Investment income | $27,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,582 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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. | $25,251 |
| Compensation of current officers, directors, key employees. | $6,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,714 |
| Payroll taxes | $6,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,104 |
| Information technology | $4,107 |
| Royalties | $0 |
| Occupancy | $11,412 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,070 |
| Insurance | $2,067 |
| All other expenses | $0 |
| Total functional expenses | $133,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,957 |
| Savings and temporary cash investments | $28,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,760 |
| 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 | $1,512 |
| Investments—publicly traded securities | $1,522,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,580 |
| Total assets | $1,876,340 |
| Accounts payable and accrued expenses | $9,439 |
| 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 | $9,439 |
| Net assets without donor restrictions | $1,866,901 |
| 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 | $1,876,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Physicians Of Brooklyn Inc Brooklyn, NY | $41,439,443 | $60,589,038 |
Associated Medical Schools Of New York New York, NY | $3,460,503 | $3,960,452 |
Pennsylvania Academy Of Family Physicians Foundation Harrisburg, PA | $496,377 | $1,343,074 |
The Elmezzi Graduate School Of Molecular Medicine Westbury, NY | $0 | $0 |
Albany Medical College Alumni Association Inc Albany, NY | $7,107,404 | $658,627 |
Academy Of Medicine Of Queens County Inc Forest Hills, NY | $1,732,761 | $433,362 |
State University Of New York Downstate Medical Center Tr Alu Pittsburgh, PA | $2,952,778 | $195,965 |
Rochester Academy Of Medicine Rochester, NY | $801,076 | $335,226 |
Nassau Academy Of Medicine Garden City, NY | $6,686,714 | $204,140 |
Westchester Academy Of Medicine Valhalla, NY | $1,876,340 | $109,445 |
Suffolk Academy Of Medicine Patchogue, NY | $24,375 | $0 |
Health Occupations Students Of America Wernersville, PA | $162,304 | $0 |