Northeast College of Health Sciences

“The by-laws ("by-laws") of new york chiropractic college ("college") delegate certain authority of the board of trustees of the college ("board") to an executive committee of the board ("executive committee") that consists of the chair of the board, the chair-elect of the board (when appropriate), the vice chair of the board, the president of the college, and two additional trustees of the board. The executive committee shall have the authority of the board between meetings of the board other than (1) the election or removal of trustees, (2) the amendment or repeal of any by-law or the adoption of new by-laws, (3) the approval or granting of honorary degrees, or (4) the taking of any action that the executive committee is prohibited from taking by applicable new york law, the by-laws, or a board resolution. The executive committee is responsible for evaluating the performance of the president and reviewing the compensation of the president and the officers of the college to ensure that their compensation levels are reasonable within appropriate college comparative benchmarks.”

“A trustee of the college, mr. Robert kernan, and an officer of the college, dr. Frank nicchi, both serve on the board of directors of generations bank. In september 2013, the college entered into a loan with generations bank. At that time the board of trustees reviewed all of the college's loan options and determined that the loan from generations bank was the best choice for the college. In accordance with the college's conflict of interest policy, mr. Kernan and dr. Nicchi did not participate in that decision.”

“Numerous changes were made to the college's by-laws, including changes in the requirement regarding (1) the election of trustees and terms of trustees, (2) quorums of trustees, (3) trustee vacancies, (4) the terms of office for board officers, and (5) various requirements regarding the committees of the board.”

“The college's management staff submits a draft of the form 990 to the audit committee of the college's board of trustees. The audit committee then reviews the draft form 990 and provides any comments it has to the management staff. The college's management staff submits a draft of part vii and schedule j of the form 990 to the executive committee of the college's board of trustees. The executive committee then reviews the drafted part vii and schedule j of the form 990 and provides any comments it has to the management staff. Once the review process is complete, the form 990 is provided to each member of the full board of trustees prior to filing.”

“The college regularly and consistently monitors and enforces compliance with its written conflict of interest policy through a required annual conflict of interest questionnaire for trustees, officers and/or management staff ("covered persons"). Further, all covered persons are required to notify the audit committee of any changes to the information provided in such questionnaire during the year. The audit committee reviews all completed questionnaires (including any subsequent notification of changes) to determine whether a potential conflict exists. If the audit committee determines that a potential conflict exists, the board of trustees will review the potential conflict, and may implement protective measures, such as the reassignment of the affected covered person's responsibilities, if deemed appropriate. If a covered person fails to comply with the conflict of interest policy, the board may take corrective actions, as it deems appropriate, in accordance with the conflict of interest policy.”

“In accordance with the college's executive compensation policy for officers, key employees and certain other covered persons (collectively, "covered persons"), the executive committee of the board of trustees of the college ("executive committee") reviews each proposed compensation and benefit arrangement ("proposed arrangement") for each covered person to determine whether the proposed arrangement satisfies the "reasonable compensation" requirements set forth in section 4958 of the internal revenue code ("code") (e.g., a review of relevant comparability data, performance reviews and/or other documentation supporting the proposed arrangement). Prior to such review and determination, the executive committee verifies that none of its members have a conflict of interest with respect to the applicable proposed arrangement. If the executive committee determines that a proposed arrangement meets the reasonable compensation requirements, it then documents the review and determination process. Proposed arrangements for the college's president, vp of finance and administrative services and executive vp and provost are reviewed annually (i.e., all three proposed arrangements for the tax year were reviewed in 2015).”

“Copies of the college's governing documents, conflict of interest policy and financial statements are available to the public upon request on a case by case basis.”

“New york chiropractic college's mission is the commitment to the achievement of academic excellence, quality patient care, and professional leadership. The vision is to be recognized as the leading institution for education and training of natural health care professionals and academicians who embrace interprofessional collaboration. Degree offerings include the doctor of chiropractic and master of science degrees in acupuncture and oriental medicine, applied clinical nutrition (100% online), human anatomy and physiology intruction (100% online), diagnostic imaging, and clinical anatomy.”

“Exempt purpose achievements new york chiropractic college (nycc), located in seneca falls, ny, is a private 501(c) (3), not-for-profit educational institution established in 1919 through absolute charter from the new york state board of regents, offering multiple academic programs and highly diversified natural healthcare instruction. Coursework at nycc emphasizes integrative, natural, and collaborative healthcare approaches offered through accredited, degree-granting programs as follows: -doctor of chiropractic -master of science in acupuncture -master of science in acupuncture & oriental medicine -master of science in applied clinical nutrition (100% online) -master of science in human anatomy and physiology instruction (100% online) -master of science in diagnostic imaging -master of science in clinical anatomy -bachelor of science in professional studies the college's mission encourages the achievement of academic excellence, quality patient care and professional leadership. Integrative healthcare education new york chiropractic college operates four community health centers in new york state (seneca falls, rochester, buffalo, and long island), providing natural healthcare services in an innovative model for patient centered, integrative healthcare. Students engage in clinical rotations within several hospitals and other conventional healthcare settings, providing an integrative experience that prepares them for the health care marketplace. Unique clinical partnerships include the walter reed national military medical center in bethesda maryland, six veterans health administration hospitals/health centers, and monroe community hospital. Additionally, students provide natural healthcare services at the health centers of the state university of new york system at buffalo, stony brook,old westbury and farmingdale, st. John fisher college and hobart and william smith colleges. Fiscal-year exempt purpose achievements the college graduated 327 students during the fiscal 2016 year detailed as follows: -doctor of chiropractic (167) -master of science in acupuncture and oriental medicine (9) -master of science in acupuncture (27) -master of science in applied clinical nutrition (67) -master of science in human anatomy and physiology instruction (28) -master of science in diagnostic imaging (1) -master of science in clinical anatomy (1) -bachelor of science in professional studies (27) in july, 2016, for the eighth straight year, new york chiropractic college earned a position on the chronicle of higher education's "great colleges to work for" list and made its coveted "honor roll" for the seventh consecutive time. The college was recognized as a "military friendly school" throughout 2016 for its efforts in recruiting military and veteran students. During 2016, both middle states commission on higher education and the council on chriopractic college education reaffirmed the college's accreditation. In october 2015, standard and poor's upgraded the college's credit rating to "bbb+" "stable outlook" for its long-term bond obligations.”

“Temporarily restricted gifts 7,300. Assets released from restrictions -7,000. Loss on bond defeasance -916,251. Rounding -3.”

“This process has not changed from the prior year.”