Civic Intelligence

Nymc LLC

990 • Fiscal year 2013 • EIN 27-1481147

Jul 01, 2012 to Jun 30, 2013 • Filed on May 14, 2014

Organization ProfileWWW.TOURO.EDU
C/O Touro College 27-33 West 23rdSuite10010
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.00x

Higher debt load relative to assets than 98% of similar nonprofits.

2013 filings • NTEE B • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

18th percentile

0.0%

Faster asset growth than 18% of similar nonprofits.

2013 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets98th percentile

Assets

Flat

$60,080,719

Flat from 2012

Net Assets

Down

-$29,768

Down $437 (-1.5%) from 2012

Liabilities

Up

$60,110,487

Up $437 (+0.0%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$437

Down $93 (-18%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0-$20MAssets 2011: $60,080,719Liabilities 2011: $60,109,520Net Assets 2011: -$28,8012011Assets 2012: $60,080,719Liabilities 2012: $60,110,050Net Assets 2012: -$29,3312012Assets 2013: $60,080,719Liabilities 2013: $60,110,487Net Assets 2013: -$29,7682013Assets 2014: $60,080,719Liabilities 2014: $60,115,330Net Assets 2014: -$34,6112014Assets 2015: $60,080,719Liabilities 2015: $60,115,380Net Assets 2015: -$34,6612015Assets 2016: $60,080,719Liabilities 2016: $60,115,405Net Assets 2016: -$34,6862016Assets 2017: $60,080,719Liabilities 2017: $60,115,430Net Assets 2017: -$34,7112017Assets 2018: $60,080,719Liabilities 2018: $60,325,675Net Assets 2018: -$244,9562018Assets 2019: $60,081,762Liabilities 2019: $60,463,858Net Assets 2019: -$382,0962019Assets 2020: $60,080,719Liabilities 2020: $60,495,869Net Assets 2020: -$415,1502020Assets 2021: $60,080,719Liabilities 2021: $60,517,770Net Assets 2021: -$437,0512021Assets 2022: $60,082,178Liabilities 2022: $60,545,081Net Assets 2022: -$462,9032022Assets 2023: $60,082,177Liabilities 2023: $60,570,924Net Assets 2023: -$488,7472023Assets 2024: $60,370,097Liabilities 2024: $60,878,994Net Assets 2024: -$508,8972024

Highlighted filing

2013

Assets$60,080,719
Liabilities$60,110,487
Net Assets-$29,768
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KExpenses 2011: $28,8012011Expenses 2012: $5302012Expenses 2013: $4372013Revenue 2014: $500Expenses 2014: $5,343Net Income 2014: -$4,8432014Revenue 2015: $0Expenses 2015: $50Net Income 2015: -$502015Revenue 2016: $0Expenses 2016: $25Net Income 2016: -$252016Revenue 2017: $0Expenses 2017: $25Net Income 2017: -$252017Revenue 2018: $0Expenses 2018: $210,245Net Income 2018: -$210,2452018Revenue 2019: $0Expenses 2019: $137,065Net Income 2019: -$137,0652019Revenue 2020: $0Expenses 2020: $33,054Net Income 2020: -$33,0542020Revenue 2021: $0Expenses 2021: $21,901Net Income 2021: -$21,9012021Revenue 2022: $0Expenses 2022: $25,852Net Income 2022: -$25,8522022Revenue 2023: $0Expenses 2023: $25,844Net Income 2023: -$25,8442023Revenue 2024: $0Expenses 2024: $20,150Net Income 2024: -$20,1502024

Highlighted filing

2013

Revenue-
Expenses$437
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 14, 2014
Return Version
2012v2.3
Gross Receipts
$0
Mission and Program Overview

Mission

Nymc, llc was formed to assist touro university ("the university") in the purchase of new york medical college. (see schedule o.)

Filing and Contact Details

Filer

EIN
27-1481147
Raw XML AppendixShowing 400 of 579 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0NYMC LLC is included in the consolidate financial statements for Touro College. NYMC LLC prescribes to a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. As of June 30, 2013 and 2012, NYMC, LLC does not have any uncertain tax positions or any unrelated business income tax liability, which would have a material impact upon its financial statements.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0NONTAXABLE BENEFITS, AS APPLICABLE, INCLUDE QUALIFIED TUITION REDUCTION, AND QUALIFIED BENEFITS UNDER TOURO COLLEGE'S CAFETERIA PLAN.
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IRS990ScheduleO/GeneralExplanation/Explanation0NYMC, LLC WAS FORMED TO ASSIST TOURO COLLEGE IN THE PURCHASE OF NEW YORK MEDICAL COLLEGE. NYMC LLC BECAME THE SOLE MEMBER OF NEW YORK MEDICAL COLLEGE ON MAY 13, 2011. THE ACQUISITION OF THE MEDICAL COLLEGE WILL FACILITATE AND ACCELERATE THE COLLEGE'S STRATEGIC GROWTH, IMPROVE THE QUALITY OF ITS EDUCATIONAL OFFERINGS, EXPAND RESEARCH AND DEVELOPMENT ACTIVITIES, AND PROVIDE GREATER PROFESSIONAL OPPORTUNITIES FOR ITS STUDENTS.
IRS990ScheduleO/GeneralExplanation/Explanation1NYMC, LLC WAS FORMED TO ASSIST TOURO COLLEGE IN THE PURCHASE OF NEW YORK MEDICAL COLLEGE. NYMC LLC BECAME THE SOLE MEMBER OF NEW YORK MEDICAL COLLEGE ON MAY 13, 2011. THE ACQUISITION OF THE MEDICAL COLLEGE WILL FACILITATE AND ACCELERATE THE COLLEGE'S STRATEGIC GROWTH, IMPROVE THE QUALITY OF ITS EDUCATIONAL OFFERINGS, EXPAND RESEARCH AND DEVELOPMENT ACTIVITIES, AND PROVIDE GREATER PROFESSIONAL OPPORTUNITIES FOR ITS STUDENTS.
IRS990ScheduleO/GeneralExplanation/Explanation2TOURO COLLEGE IS THE SOLE MEMBER OF THE FILING ENTITY.
IRS990ScheduleO/GeneralExplanation/Explanation3TOURO COLLEGE IS THE SOLE MEMBER OF THE FILING ENTITY. FORM 990, PART VI, SECTION B, LINE 11 CONTROLLER, AUDITORS, OFFICERS AND THE BOARD OF THE ORGANIZATION REVIEW THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ANNUAL BOARD QUESTIONNAIRE, THAT REQUIRES DISCLOSURE OF INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL.
IRS990ScheduleO/GeneralExplanation/Explanation5THE FORM 990 AND RELATED INFORMATION ARE MADE AVAILABLE TO THE PUBLIC, HOWEVER, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation6AFTER THE ACQUISITION OF NEW YORK MEDICAL COLLEGE, THE COLLEGE ENGAGED IN AN RFP PROCESS TO SELECT NEW AUDITORS TO SERVICE THE NEEDS OF ALL ITS AFFILIATES.
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IRS990ScheduleO/GeneralExplanation/Identifier6FORM 990, PART XII, LINE 2C: FINANCIAL STATEMENTS AND REPORTING
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1740 SUNSHINE COTTAGE ROAD
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine18C/O TOURO COLLEGE 27-33 W 23RD ST
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Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$60,080,719
Liabilities
$60,110,487
Net assets
-$29,768
Revenue
-
Expenses
$437
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.4$60.9$0.51$0.00$0.02$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.1$60.6$0.49$0.00$0.03$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.1$60.5$0.46$0.00$0.03$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$60.5$0.44$0.00$0.02$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$60.5$0.42$0.00$0.03$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.1$60.5$0.38$0.00$0.14$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.1$60.3$0.24$0.00$0.21$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.1$60.1$0.03$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$60.1$60.1$0.03$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$60.1$60.1$0.03$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$60.1$60.1$0.03$0.00$0.01$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$60.1$0.03$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$60.1$0.03$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$60.1$0.03$0.03