2026-05-28T16:19:57-05:00 2025-07-31 933292005 SAVASTANO KAUFMAN ADVISORS LLC 21-00 ROUTE 208 SOUTH SUITE120 FAIR LAWN NJ 07410 990 2024-08-01 136401350 NEW YORK INSTITUTE OF CREDIT NEWY 9173387000 405 LEXINGTON AVENUE 26TH FLOOR NEW YORK NY 10174 MARK INDELICATO CHAIRMAN 9173387000 2026-05-28 1 0 BRETT A REA CPA P00089027 2017967300 2026-05-28 2024 2025-03-06 01:10:19Z MARK INDELICATO 405 LEXINGTON AVENUE 26TH FLOOR NEW YORK NY 10174 418777 0 X INSTITUTEOFCREDIT.ORG X 1918 NY THE PURPOSE OF THE INSTITUTE IS TO PROVIDE EDUCATION TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPTCY COMMUNITIES, THE PROFESSIONALS WHO SERVICE THEM, AS WELL AS STUDENTS. THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY BUILDING EVENTS. 29 29 0 0 5385 0 0 0 458189 412307 6596 5385 1410 1085 466195 418777 0 0 0 0 0 0 0 0 0 475224 391175 475224 391175 -9029 27602 145235 129045 75458 31666 69777 97379 X THE PURPOSE OF THE INSTITUTE IS TO PROVIDE EDUCATION TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPTCY COMMUNITIES, THE PROFESSIONALS WHO SERVICE THEM, AS WELL AS STUDENTS. THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY-BUILDING EVENTS. 0 0 316551 412307 THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY-BUILDING EVENTS TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPCY COMMUNITIES. 316551 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X DAVID BERLINER 9173387000 405 LEXINGTON AVENUE 26TH FLOOR NEW YORK NY 10174 MARK INDELICATO CHAIRMAN 2.00 X X 0 0 0 ALLEN WILEN PAST CHAIRMAN 2.00 X X 0 0 0 MELANIE CYGANOWSKI PRESIDENT 2.00 X X 0 0 0 JONATHAN BODNER SECRETARY 2.00 X X 0 0 0 DAVID E BERLINER TREASURER/ VP FINANCE 2.00 X X 0 0 0 CASSIE ROSENTHAL VP MEMBERSHIP 2.00 X X 0 0 0 PAUL H SHUR VP EDUCATION 2.00 X X 0 0 0 JEFFREY HAMPTON VP PROGRAMMING 1.00 X 0 0 0 CARYN ALEXANDER MEMBER 1.00 X 0 0 0 RAFFI AZADIAN MEMBER AT LARGE 1.00 X 0 0 0 CHARLES BERK MEMBER 1.00 X 0 0 0 BETH BROWNSTEIN MEMBER 1.00 X 0 0 0 JOHN DEPLEDGE MEMBER 1.00 X 0 0 0 KIM DESMARAIS MEMBER 1.00 X 0 0 0 PAUL DEUTCH MEMBER 1.00 X 0 0 0 JACEN DINOFF MEMBER 1.00 X 0 0 0 FRANK GRIMALDI MEMBER 1.00 X 0 0 0 TINAMARIE FEIL MEMBER 1.00 X 0 0 0 CHARVI GUPTA MEMBER 1.00 X 0 0 0 SHERYL GIUGLIANO MEMBER 1.00 X 0 0 0 TERRY KEATING MEMBER 1.00 X 0 0 0 NEIL GUPTA MEMBER 1.00 X 0 0 0 ROBERT KATZ MEMBER 1.00 X 0 0 0 MORGAN LUCHS MEMBER 1.00 X 0 0 0 JENNIFER PALMER MEMBER 1.00 X 0 0 0 KEVIN ZUZOLO MEMBER 1.00 X 0 0 0 STEPHANIE SWEENEY MEMBER 1.00 X 0 0 0 GLENN SCHWARTZ MEMBER 1.00 X 0 0 0 HARVEY GROSS - HSG SERVICES INC EXECUTIVE DIRECTOR 20.00 X 110500 0 0 110500 0 0 1 0 0 0 HARVEY GROSS HSG SERVICES INC 1 WEST CAMPANIA LANE FARMINGDALE NJ 07727 MANAGEMENT SERVICES 110500 1 MEMBERSHIP 611600 206780 206780 SEMINARS AND EVENTS 611600 205527 205527 412307 5385 5385 VENDOR REBATES 611600 1085 1085 1085 418777 413392 5385 0 174924 122959 51965 17165 17165 8202 7904 298 2334 2334 181 181 183997 183997 2047 2047 EVENT REGISTRATION AND 1510 1510 CREDIT CARD FEES 815 815 391175 316551 74624 0 27937 4951 113169 118553 1982 3486 1855 1763 5949 5949 0 0 292 292 145235 129045 32361 22231 43097 9435 75458 31666 X 69777 97379 69777 97379 145235 129045 27602 0 X X 0 1 X 1 0 X 187495 204386 224218 214644 206780 1037523 82206 248015 217351 243545 205527 996644 269701 452401 441569 458189 412307 2034167 0 0 0 2034167 169 700 5586 6596 5385 18436 169 700 5586 6596 5385 18436 1416 1837 1056 1410 1085 6804 271286 454938 448211 466195 418777 2059407 0.98770 0.99020 0.00900 0.00660 X 5949 5949 0 0 X 418777 0 418777 0 418777 391175 0 391175 0 391175 PART X, LINE 2: IN ACCORDANCE WITH ACCOUNTING STANDARDS, THE INSTITUTE COMPLIES WITH THE ACCOUNTING REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS RECOGNIZED IN THE FINANCIAL STATEMENTS. UNDER THESE REQUIREMENTS, THE INSTITUTE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION WOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE RELATED STANDARDS PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX POSITIONS AND INCOME TAX DISCLOSURES. THROUGH THE YEAR ENDED JULY 31, 2025, MANAGEMENT IS OF THE OPINION THAT THERE ARE NO UNCERTAIN INCOME TAX POSITIONS. ACCORDINGLY, THE INSTITUTE HAS RECOGNIZED NO ADJUSTMENT FOR UNCERTAIN INCOME TAX POSITIONS. THE INSTITUTE FILES TAX RETURNS AND REQUIRED REPORTS IN THE UNITED STATES AND IN NEW YORK STATE. THE INSTITUTE'S FILINGS ARE SUBJECT TO AUDIT BY THE VARIOUS TAXING AUTHORITIES. THE INSTITUTE'S OPEN AUDIT PERIODS ARE FISCAL YEARS ENDED JULY 31, 2022 THROUGH JULY 31, 2025. FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE CONTRACTS WITH HSG SERVICES, INC. TO PROVIDE MANAGEMENT SERVICES. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE 990 RETURN ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE INSTITUTE AND ITS PROPERTY. IN THEIR DEALINGS WITH AND BEHALF OF THE INSTITUTE THEY ARE HELD TO A STRICT RULE OF HONESTY AND FAIR DEALINGS BETWEEN THEMSELVES AND THE INSTITUTE. THEY SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THERE FROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE INSTITUTE'S INTEREST AND THAT OF ANY INDIVIDUAL TRUSTEE. A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A TRUSTEE (AND HIS OR HER IMMEDIATE FAMILY) IS INVOLVED IN AN ACTIVITY WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGEMENT WITH RESPECT TO THE BUSINESS OF THE INSTITUTE OR OTHERWISE DIMINISH THE INTEREST OF THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF HARVEY GROSS, HSG SERVICES, INC. ANNUALLY TO DETERMINE COMPENSATION WHICH IS BASED UPON INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 ARE KEPT AT THE INSTITUTE'S LOCATION AND CAN BE VIEWED BY ANY INQUIRING PARTY DURING NORMAL OFFICE HOURS. HARD COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS BY WHICH THE BOARD OF DIRECTORS ASSUMES OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT BY AN INDEPENDENT AUDITOR OR IN THE SELECTION PROCESS.