2020-05-15T08:39:27-05:00 2019-06-30 KPMG LLP 345 Park Avenue New York NY 10154 990 2018-07-01 132676570 TOURO COLLEGE % STUART LIPPMAN CONTROLLER TOUR 6465656000 500 SEVENTH AVENUE NEW YORK NY 10018 MELVIN NESS SENIOR VP AND CFO 6465656026 2020-05-14 true DEVIN L DUNCAN P01249521 2127589700 2020-05-13 199.207.253.96 13407320201365000005 2020-05-15 P F7E791049FCEE4943A341CCA4F642AE72B60D2A0 2EFB9A2273A280871CB6E2783C42C633A2C5F4AB 2018 2020-09-23 17:36:50Z MELVIN NESS 500 SEVENTH AVENUE NEW YORK NY 10018 315883024 false X WWW.TOURO.EDU X 1970 NY THE COLLEGE'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER AND PROFESSIONAL EDUCATION. (SEE SCHEDULE O) 23 16 3711 375 5872 9715635 7995275 262618247 270544008 25517383 1582038 21446389 28577875 319297654 308699196 39718058 33784312 0 0 152066972 167182900 0 0 2175618 100283669 108821885 292068699 309789097 27228955 -1089901 440731204 434472731 237331810 232388075 203399394 202084656 X THE COLLEGE'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER AND PROFESSIONAL EDUCATION. (SEE SCHEDULE O) false false 281004551 33784312 295986526 ACADEMIC SUPPORT: WITHIN THE TOURO SYSTEM, TOURO COLLEGE PROVIDED EDUCATION, PRIMARILY IN THE NEW YORK CITY METROPOLITAN AREA, TO APPROXIMATELY 12,000 UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS DURING THE FISCAL YEAR IN VARIOUS FIELDS OF STUDY, INCLUDING LAW, MEDICINE AND OTHER HEALTHCARE FIELDS, GRANTING THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (1,891); GRADUATE (1,557); FIRST PROFESSIONAL (568). 281004551 true true false true false false false true false true true false false true true true false true true true true true true false true false false true true true true false false false false false true false false true false true false false false true true true true false false true X 457 0 true 3711 true true true true FR GM IS false false false true true false false false false false false X 23 16 false false false false false false false true true false true true true true true true true true true false false NY X STUART LIPPMAN CONTROLLER 6465656026 500 SEVENTH AVENUE NEW YORK NY 10018 X Mark Hasten Chairman and Trustee 1.0 3.5 X 0 0 0 Alan Kadish President, CEO and Trustee 18.0 17.0 X X 796447 0 174551 RABBI Daniel Lander Trustee and Chancellor 3.0 32.0 X X 91796 185739 122955 Abraham Biderman Trustee 0.8 0.2 X 0 0 0 Shmuel Braun Trustee 0.8 0.2 X 0 0 0 Ben Chouake Trustee 0.4 1.1 X 0 0 0 ALLEN FAGIN TRUSTEE 0.8 0.2 X 0 0 0 Howard Friedman Trustee 0.8 0.2 X 0 0 0 Gilles Gade Trustee 0.8 0.2 X 0 0 0 RABBI Menachem Genack Trustee and Faculty 31.0 4.0 X 27112 53088 3253 Solomon Goldfinger Trustee 0.8 0.2 X 0 0 0 Abraham Gutnicki Trustee 0.8 0.2 X 0 0 0 Leah Karfunkel Trustee 0.8 0.2 X 0 0 0 Brian Levinson Trustee 0.8 0.2 X 0 0 0 David Lichtenstein Trustee 0.7 0.3 X 0 0 0 Martin Oliner Trustee 0.5 0.5 X 0 0 0 Lawrence Platt Trustee 0.8 0.2 X 0 0 0 Margaret Retter Trustee 0.8 0.2 X 0 0 0 Stephen Rosenberg Trustee 0.8 0.2 X 0 0 0 Zvi Ryzman Trustee 0.8 0.2 X 0 0 0 Israel Sendrovic Trustee 0.8 0.2 X 0 0 0 Jack Weinreb Trustee 0.8 0.2 X 0 0 0 RABBI Shabsai Wolfe Trustee 0.8 0.2 X 0 0 0 Rabbi Moshe Krupka Executive VP 18.0 17.0 X 194423 0 143802 David Raab Executive VP 14.0 21.0 X 66540 235854 46052 Melvin Ness Senior VP, CFO 25.0 10.0 X 314661 0 16265 Michael Newman Secretary, Sr.VP & Gen Counsel 24.0 11.5 X 284044 0 32467 Patricia Salkin Provost Grad and Prof Schools 34.5 0.5 X 390558 0 45772 Jeffrey Rosengarten Senior VP of Oper. & Admin. 29.0 6.0 X 296946 0 16367 Ronnie Myers Dean, Dental School 35.0 0.0 X 370298 0 16367 Louis Primavera Dean, School of Health Science 35.0 0.0 X 259576 0 14990 Kenneth Steier Dean, Col of Osteopathic Med 35.0 0.0 X 395902 0 44620 David Forstein DEAN, TOUROCOM 35.0 0.0 X 455412 0 32109 Henry Cohen Dean, Pharmacy 35.0 0.0 X 270313 0 45772 ARTHUR PRANCAN ASSOCIATE PROFESSOR 35.0 0.0 X 288557 0 38733 EDWARD F FARKAS VICE DEAN, TOURO DENTAL SCHOOL 35.0 0.0 X 278655 0 39530 Richard Klein Professor 35.0 0.0 X 256138 0 14609 Harold Abramson Dean,Lander College of ART &Sc 35.0 0.0 X 253838 0 24582 Thomas Modero Chief Human Resources Officer 35.0 0.0 X 246943 0 35726 Matthew Bonilla VP of Student Serv.-END 6/18 21.0 14.0 X 249060 0 40585 Stanley Boylan VP of Undergrad. Ed.-END 6/18 34.0 1.0 X 124868 0 61789 Richard Braunstein VP Deputy Gen. Couns.-END 6/18 23.0 12.0 X 226244 0 30276 Alan Ciner Vice President-END 6/18 35.0 0.0 X 129742 0 59234 Jerome Dimperio VP Real Estate Const.-END 1/18 35.0 0.0 X 214355 0 2211 Robert Goldschmidt VP of Plan & Assess-END 6/18 35.0 0.0 X 166898 0 26597 Nadia Graff VP Grad & Prof Stud.-END 6/18 35.0 0.0 X 244391 0 14399 Israel Singer Vice President-END 6/18 35.0 0.0 X 125050 0 17196 Franklin Steen VP of Technology-END 6/18 29.0 6.0 X 243093 0 34153 Marian Stoltz-Loike VP, Online Education-END 6/18 35.0 0.0 X 239554 0 29496 Robert Goldberg Former Dean of TouroCom 35.0 0.0 X 400000 0 717 Judah Weinberger VP Collab. MEDICINE-END 6/18 35.0 0.0 X 228301 0 13310 Jay P Goldsmith DEAN EMERITUS, DENTAL SCHOOL 35.0 0.0 X 154500 0 6446 Arnold Spinner Dean, Grad Ed 35.0 0.0 X 114772 0 6260 8398987 474681 1251191 259 true true false EXCEL GUARD CORP 505 EIGHTH AVENUE SUITE 1700 NEW YORK NY 10018 SECURITY GUARDS 2427977 OUTFRONT MEDIA PO BOX 33074 NEWARK NJ 07188 ADVERTISING 767975 KPMG LLP DEPT 0511 POB 150511 DALLAS TX 75312 ACCOUNTING SERVICES 759710 ELLUCIAN COMPANY 62590 COLLECTIONS DR CHICAGO IL 60693 COMPUTER SERVICES 360180 EWD INC 190 SPRING STREET NEW YORK NY 10012 EDU. CONSULTANTS 358649 67 263395 4452275 3279605 75411 7995275 Student Tuition/ Fees 611600 267729609 267729609 Dorm Fees 611600 2814399 2814399 270544008 1158838 5872 1152966 0 0 464497 464497 0 464497 464497 7415773 6992573 423200 423200 423200 304700 263395 191255 113445 113445 0 0 0 0 0 0 Academic Support 900099 19818719 19818719 INTANGIBLE ASSET IMAGING 900099 4235000 4235000 CLINIC PATIENT INCOME 900099 2557415 2557415 1388799 1388799 27999933 308699196 295986526 5872 4711523 1192000 1192000 32077807 32077807 514505 514505 0 4780477 2532090 2160614 87773 911166 811552 91924 7690 127726426 115613982 11074228 1038216 4464501 3980619 445946 37936 20507807 18285079 2048469 174259 8792523 7839550 878261 74712 0 1253094 1117277 125169 10648 702027 702027 180070 160553 17987 1530 0 243437 217052 24316 2069 8687621 7746018 867783 73820 5587704 4982084 558140 47480 4392086 3841705 521117 29264 6682067 5957835 667453 56779 0 39350221 35085269 3930586 334366 2481668 2212694 247887 21087 0 254311 226748 25402 2161 154688 154688 0 15151394 13509219 1513431 128744 1202294 1071985 120094 10215 Educational Programs Expense 12324730 12324730 BAD DEBT EXPENSE 1481921 1481921 DUES, SUB & MEMBERSHIP 844251 752747 84330 7174 STUDENT ACTIVITIES 3000790 3000790 4847511 4468740 349076 29695 309789097 281004551 26608928 2175618 X 33127555 21305104 0 0 6376384 5485034 10153868 9576834 145899 49700 0 0 16539972 16113044 0 0 6355368 4873717 420919422 152063926 261950010 268855496 39699936 45626999 617500 646010 0 0 600000 4300000 65164712 57640793 440731204 434472731 43852627 39056824 0 0 27747229 31157889 134073051 132806978 0 0 1544000 1544000 25630136 23319265 0 0 4484767 4503119 237331810 232388075 X 192922642 191115694 8214043 8706253 2262709 2262709 203399394 202084656 440731204 434472731 X -1089901 -289648 64811 X false true X true true true X 38983628 19730763 13518576 9715635 7995275 89943877 0 0 38983628 19730763 13518576 9715635 7995275 89943877 2381283 87562594 254769 1076851 1246412 1109374 1623335 5310741 6455 6455 9922813 0 437484 0 2557415 12917712 108178785 1310562803 0.80942 0.54690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 180070 false false 180070 false OTHER ACTIVITIES FORM 990, SCHEDULE C, PART II-B, LINE 1(G) THE COLLEGE HIRED LOBBYISTS TO ASSIST IN OBTAINING APPROVAL FROM FEDERAL AND STATE AGENCIES TO ENHANCE THE FACILITIES AND PROGRAMS OF THE COLLEGE. THE COLLEGE OR ITS REPRESENTATIVES MAY MEET WITH LEGISLATORS TO DISCUSS CERTAIN GRANTS. 455063 X false 55160900 2594690 2255378 1256278 570226 17842320 40342144 22550386 32172451 1371878 616767 196132 120916 55160900 20684606 1053472 1975996 283300 216455 663933 22550386 20587634 1458849 -562780 85075 129388 584634 20684606 19617660 1230957 527195 147012 66722 574444 20587634 0.91960 0.05610 0.02430 false false 15838576 15838576 247665241 58680969 188984272 69520123 37309510 32210613 43416886 25420268 17996618 44478596 30653179 13825417 268855496 DUE FROM/TO AFFILIATES, NET 47346035 ESCROW DEPOSIT MTI BONDS 9396156 ARTWORK 455063 OTHER LONG TERM ASSETS 395600 ADVANCES 47939 57640793 0 OTHER LIABILITIES 1495241 TUITION ESCROW 668362 SALE LEASEBACK 65TH ST 36106 STUDENT DEPOSITS 1242588 REFUNDABLE GOVT LOAN PROGRAM 1060822 4503119 X COLLECTION OF ART AND RELIGIOUS OBJECTS Form 990, Schedule D, Part III, Line 1a A COLLECTION OF ART AND RELIGIOUS OBJECTS ACQUIRED SINCE INCEPTION THROUGH PURCHASES, CONTRIBUTIONS AND LONG TERM LOANS ARE INSURED FOR APPROXIMATELY $1,813,000 INCLUDING APPROXIMATELY $300,000 RELATED TO RELIGIOUS OBJECTS ON LOAN. RECORDS OF THE COST OF PURCHASED ITEMS OR OF THE FAIR VALUE AS OF THE DATE OF CONTRIBUTIONS ARE NOT AVAILABLE IN MANY INSTANCES, AND THE COLLEGE HAS DETERMINED THAT IT WOULD NOT BE PRACTICAL TO RETROACTIVELY CAPITALIZE ITS COLLECTION. RELIGIOUS ARTWORK Form 990, Schedule D, Part III, Line 4 TOURO MAINTAINS ARTWORK AT VARIOUS LOCATIONS. A PORTION OF THE ARTWORK REPRESENTS RELIGIOUS ARTIFACTS USED IN WEEKLY RELIGIOUS SERVICES. OTHER ARTWORK IS USED TO BEAUTIFY THE FACILITIES TO ENHANCE STUDENT AND FACULTY ACCEPTANCE OF THEIR SURROUNDINGS. ENDOWMENT FUNDS Form 990, Schedule D, Part V, Line 4 TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS, TO ADD OR IMPROVE FACILITIES, TO FUND RESEARCH AND PROVIDE ADDITIONAL PROGRAM FUNDS. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES Form 990, Schedule D, Part X, Line 2 THE COLLEGE SUBSCRIBES 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, 2019 AND 2018, THE COLLEGE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY FORM 990, SCHEDULE E, PART I, LINE 3 BROCHURES AND CATALOGS DISTRIBUTED TO STUDENTS AND RECRUITMENT ADVERTISEMENTS IN JOURNALS AND NEWSPAPERS, AS WELL AS ON TV, INTERNET AND THE RADIO, CONTAIN STATEMENTS WITH RESPECT TO TOURO COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENTAL FINANCIAL AID FORM 990, SCHEDULE E, PART I, LINE 6A GOVERNMENT CONTRIBUTIONS (GRANTS) OF $4,452,275. STUDENTS ATTENDING THE COLLEGE MAY ALSO BE ELIGIBLE FOR FEDERAL FINANCIAL AID INCLUDING STUDENT LOANS. ADDITIONALLY, THE COLLEGE RECEIVED GRANTS FROM THE GOVERNMENT FOR RESEARCH AND FACILITY IMPROVEMENTS. true Europe (Including Iceland and Greenland) 1 36 Program Services EDUCATION 2140242 Middle East and North Africa 1 34 Program Services EDUCATION 1472031 Russia and the Newly Independent States 2 Program Services EDUCATION 204350 East Asia and the Pacific Program Services EDUCATION 1000 Europe (Including Iceland and Greenland) Grantmaking 470582 Middle East and North Africa 0 0 Grantmaking 43923 4 70 4 70 4332128 4332128 Europe (Including Iceland and Greenland) EDUCATION 470582 wire 1 SCHOLARSHIPS Middle East and North Africa 63 43923 true false true false false true OPERATIONS REVIEW Form 990, Schedule F, Part I, Line 2 PERIODIC SITE VISITS BY COLLEGE ADMINISTRATORS AND FACULTY REVIEW LOCAL OPERATIONS. SIGNIFICANT OPERATIONS HAVE REVIEWS BY LOCAL INDEPENDENT AUDITORS. STUDENTS ARE AWARDED TUITION DISCOUNTS BASED ON VARIOUS CRITERIA. THE DISCOUNTS ARE CREDITED TO THE STUDENT'S ACCOUNTS. NY DENTAL DINNER 187700 50450 137250 68810 19689 LAW DINNER 227565 135765 91800 67504 2 131381 55731 75650 23812 10633 807 546646 241946 304700 160126 30322 807 191255 113445 true Hebrew Theological College (HTC) 7135 North Carpenter Road Skokie IL 60077 362167095 501(c)(3) 1192000 EDU SUPPORT 1 0 Scholarships 4534 32077807 MONITORING GRANTS FORM 990, SCHEDULE I, PART I, LINE 2 SINCE ITS INCEPTION, MANAGEMENT REVIEWS REQUESTS FOR GRANTS. THE COLLEGE MONITORS ALL REQUESTS FOR USE OF GRANT FUNDS AGAINST THE SUBMITTED BUDGETS FOR THE RESPECTIVE GRANTS. PRIOR TO SUBMISSION OF REQUESTS FOR REIMBURSEMENT, ADDITIONAL REVIEW OF EXPENDED FUNDS IS PERFORMED TO ENSURE COMPLIANCE WITH GRANT AND COLLEGE GUIDELINES. STUDENTS ARE AWARDED TUITION DISCOUNTS BASED ON VARIOUS CRITERIA. THE DISCOUNTS ARE CREDITED TO THE STUDENT'S ACCOUNTS. X X X X false true X X X false true false false false false false false false Alan Kadish President, CEO and Trustee 794863 0 0 0 1584 0 45000 0 129551 0 970998 0 0 0 RABBI Daniel Lander Trustee and Chancellor 90610 185739 0 0 1186 0 0 9652 0 113303 91796 308694 0 0 Matthew Bonilla VP of Student Serv.-END 6/18 248822 0 0 0 238 0 13511 0 27074 0 289645 0 0 0 Stanley Boylan VP of Undergrad. Ed.-END 6/18 122699 0 0 0 2169 0 6739 0 55050 0 186657 0 0 0 Richard Braunstein VP Deputy Gen. Couns.-END 6/18 224750 0 0 0 1494 0 12079 0 18197 0 256520 0 0 0 Alan Ciner Vice President-END 6/18 127550 0 0 0 2192 0 0 0 59234 0 188976 0 0 0 Jerome Dimperio VP Real Estate Const.-END 1/18 213106 0 0 0 1249 0 0 0 2211 0 216566 0 0 0 Robert Goldschmidt VP of Plan & Assess-END 6/18 163742 0 0 0 3156 0 8987 0 17610 0 193495 0 0 0 Nadia Graff VP Grad & Prof Stud.-END 6/18 239993 0 0 0 4398 0 11937 0 2462 0 258790 0 0 0 Rabbi Moshe Krupka Executive VP 193637 0 0 0 786 0 10285 0 133517 0 338225 0 0 0 David Raab Executive VP 0 233188 0 0 66540 2666 0 19761 0 26291 66540 281906 0 0 Israel Singer Vice President-END 6/18 122953 0 0 0 2097 0 0 0 17196 0 142246 0 0 0 Franklin Steen VP of Technology-END 6/18 238337 0 0 0 4756 0 12584 0 21569 0 277246 0 0 0 Marian Stoltz-Loike VP, Online Education-END 6/18 238217 0 0 0 1337 0 12314 0 17182 0 269050 0 0 0 Melvin Ness Senior VP, CFO 309717 0 0 0 4944 0 13648 0 2617 0 330926 0 0 0 Michael Newman Secretary, Sr.VP & Gen Counsel 283518 0 0 0 526 0 10784 0 21683 0 316511 0 0 0 Robert Goldberg Former Dean of TouroCom 0 0 0 0 400000 0 717 0 0 0 400717 0 0 0 Jay P Goldsmith DEAN EMERITUS, DENTAL SCHOOL 153879 0 0 0 621 0 6446 0 0 0 160946 0 0 0 Ronnie Myers Dean, Dental School 367250 0 0 0 3048 0 13750 0 2617 0 386665 0 0 0 Louis Primavera Dean, School of Health Science 254632 0 0 0 4944 0 12373 0 2617 0 274566 0 0 0 Patricia Salkin Provost Grad and Prof Schools 329910 0 0 0 60648 0 13750 0 32022 0 436330 0 0 0 Arnold Spinner Dean, Grad Ed 113192 0 0 0 1580 0 5432 0 828 0 121032 0 0 0 Kenneth Steier Dean, Col of Osteopathic Med 395242 0 0 0 660 0 13750 0 30870 0 440522 0 0 0 Judah Weinberger VP Collab. MEDICINE-END 6/18 227196 0 0 0 1105 0 11306 0 2004 0 241611 0 0 0 ARTHUR PRANCAN ASSOCIATE PROFESSOR 283623 0 0 0 4934 0 6713 0 32020 0 327290 0 0 0 EDWARD F FARKAS VICE DEAN, TOURO DENTAL SCHOOL 278025 0 0 0 630 0 13750 0 25780 0 318185 0 0 0 David Forstein DEAN, TOUROCOM 454982 0 0 0 430 0 2181 0 29928 0 487521 0 0 0 Henry Cohen Dean, Pharmacy 269761 0 0 0 552 0 13750 0 32022 0 316085 0 0 0 Richard Klein Professor 251194 0 0 0 4944 0 3987 0 10622 0 270747 0 0 0 Harold Abramson Dean,Lander College of ART &Sc 250790 0 0 0 3048 0 12939 0 11643 0 278420 0 0 0 Thomas Modero Chief Human Resources Officer 246283 0 0 0 660 0 5019 0 30707 0 282669 0 0 0 Jeffrey Rosengarten Senior VP of Oper. & Admin. 293898 0 0 0 3048 0 13750 0 2617 0 313313 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A TRAVEL THE PRESIDENT AND SOME OF THE OFFICERS ARE PROVIDED WITH NONTAXABLE UPGRADED TRAVEL AND SPOUSAL TRAVEL ON CERTAIN TRIPS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PROVOST OF THE GRADUATE AND PROFESSIONAL SCHOOLS AND AN EXECUTIVE VP ARE PROVIDED HOUSING AS A TAXABLE BENEFIT. THE VALUE OF THE HOUSING BENEFITS ARE INCLUDED AS OTHER REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN B(III). THE PRESIDENT IS PROVIDED A CORPORATE APARTMENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE VALUE OF THE HOUSING BENEFIT FOR THE PRESIDENT IS INCLUDED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN D. PERSONAL SERVICES THE PRESIDENT WAS PROVIDED WITH A CAR AND DRIVER FOR BUSINESS PURPOSES. THE VALUE OF THIS SERVICE IS INCLUDED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN D. BOARD APPROVAL FORM 990, SCHEDULE J, PART I, LINE 1B THE BENEFITS PROVIDED TO THE PRESIDENT ARE APPROVED BY THE BOARD. BENEFITS PROVIDED TO THE OFFICERS ARE APPROVED BY THE PRESIDENT. NONQUALIFIED DEFERRED COMPENSATION PLAN FORM 990, SCHEDULE J, PART I, LINE 4B TOURO COLLEGE'S PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF $31,250. OTHER REPORTABLE COMPENSATION FORM 990, SCHEDULE J, PART II, COLUMN B(III) ROBERT GOLDBERG RECEIVED A SETTLEMENT OF $400,000 IN CALENDAR YEAR 2018. NONTAXABLE BENEFITS FORM 990, SCHEDULE J, PART II, COLUMN D NONTAXABLE BENEFITS, AS APPLICABLE, INCLUDE QUALIFIED TUITION REDUCTION, PARSONAGE ALLOWANCES AND QUALIFIED BENEFITS UNDER TOURO'S CAFETERIA PLAN. CERTAIN INDIVIDUALS ARE REQUIRED TO LIVE IN COLLEGE PROVIDED HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE; AS SUCH THOSE HOUSING AMOUNTS ARE NONTAXABLE. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2013A 146000293 000000000 2013-12-18 19520000 REFINANCE TAXABLE LOAN false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2014A 146000293 649907M82 2014-06-26 59716460 RENOVATE FACILITIES false false true C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2014 146000293 000000000 2014-10-22 41475000 REFINANCE TAXABLE LOAN false false false D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2017 146000293 6499OH6X3 2017-12-28 69869223 ACQUIRE BUILDING false false false A 1703599 0 19520000 0 0 0 386587 0 0 19133413 0 0 2006 false false true true B 505000 0 11381658 803067 311858 0 227803 0 0 10038930 0 0 2014 false false true true C 4110000 0 41475000 0 0 0 826365 0 0 0 40648635 0 2007 true false true true D 0 0 69949454 6223240 3171898 0 1397384 0 0 57494281 0 1662651 false false false true A false false true false 0 false false false true B false false true false 0 false false false true C false false true false 0 false false false true D false false true false 0 false false false true A false false false true true true PEOPLES UNITED BANK 10. false false false 0 false true B false false false true false false 0 false 0 false true C false false false true true false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2014A Part I, Line B - Issue Price (e) does not tie to Part II, Column B, Line 3 as the issue is a pooled financing. $10,805,000 par benefits Touro College. The other beneficiary of the pooled financing is New York Medical College. DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2017 Part II, Column D, Line 3 - The total proceeds do not agree to the issue price in Part I, Column (e) due to investment earnings. SCHEDULE K, PART III, LINE 3B ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY ARE INCIDENTAL AND/OR FALL UNDER A SAFE HARBOR PROVIDED. Schedule K, Part IV, Arbitrage, Line 2c: (a) Issuer Name: Dormitory Authority of the State of New York 2013A Date the Rebate Computation was Performed: 06/18/2014 (B) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2014A DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2019 (C) Issuer Name: Dormitory Authority of the State of New York 2014 Date the Rebate Computation was Performed: 04/22/2015 Note regarding the rebate computations on 6/18/2014 & 4/22/2015: Since the bond proceeds have been spent, a spending exception was met, and the debt service fund was operated on a bona fide basis, no further rebate calculations are necessary. RABBI SHABSAI WOLFE TRUSTEE SUPPORT TOUROCOLLEGE X 1560000 1544000 false true true OFFICERSKEY EMPLOYEES VARIOUS POSITIONS PAYROLL ADVANCE X 49700 49700 false true false 1593700 RICHARD WAXMAN TRUSTEE'S BROTHER IN LAW 155187 FACULTY false ESTHER GREENFIELD TRUSTEE'S SISTER 117937 DIRECTOR OF PUBLICATIONS false DAVID MIRSKY TRUSTEE'S SON IN LAW 94230 FACULTY false HANNAH LANDER TRUSTEE'S SISTER 88553 REGISTRAR false WILLIAM FISCHBEIN TRUSTEE'S BROTHER IN LAW 81691 FACULTY false DEBRA WAXMAN TRUSTEE'S SISTER 69809 FACULTY false PHYLLIS LANDER TRUSTEE'S SPOUSE 69005 LCM ADMINISTRATION false ESTHER BOYLAN FMR OFCR'S SPOUSE 52257 FACULTY false MOSHE FRIEDMAN TRUSTEE'S GRANDSON 48237 BUDGET ANALYST false EDNA DAVIS FMR OFCR'S SPOUSE 48150 FACULTY false RAPHAEL CSILLAG TRUSTEE'S SON IN LAW 43269 FACULTY false ERIC GENACK TRUSTEE'S SON 42841 FACULTY false X 2242 SELLING PRICE X 13 45139 FMV X 13 595 SELLING PRICE X FOOD 55 8140 SELLING PRICE X EVENTS 49 11175 SELLING PRICE X EDUCATION 14 7580 SELLING PRICE X MEMBERSHIPS 5 540 SELLING PRICE false false false FORM 990, SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1, & PART III, LINE 1, MISSION STATEMENT: TOURO COLLEGE WAS ESTABLISHED PRIMARILY TO ENRICH THE JEWISH HERITAGE AND TO SERVE THE LARGER AMERICAN COMMUNITY. THE COLLEGE HAS AN UNDERGRADUATE CURRICULUM OFFERING BACHELOR AND ASSOCIATES DEGREES, GRADUATE PROGRAMS OFFERING MASTERS' DEGREES, AND PROFESSIONAL SCHOOLS INCLUDING A LAW SCHOOL, A SCHOOL OF HEALTH SCIENCES, A SCHOOL OF PHARMACY, A SCHOOL OF OSTEOPATHIC MEDICINE, AND A SCHOOL OF DENTISTRY. THE COLLEGE HAD AN AVERAGE ENROLLMENT OF APPROXIMATELY 12,000 DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B, FORM 990 REVIEW PROCESS: THE TOURO COLLEGE FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE CONTROLLER, OFFICERS AND THE AUDIT COMMITTEE OF THE BOARD OF THE ORGANIZATION THEN REVIEW THE FORM 990. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C, CONFLICT OF INTEREST POLICY: THE ANNUAL BOARD QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF CONFLICT INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL. OUR POLICIES REQUIRE THAT TRUSTEES, OFFICERS, AND KEY EMPLOYEES NOTIFY TOURO ANY TIME CONFLICTS OF INTEREST ARISE. IN THE EVENT THERE IS A CONFLICT OF INTEREST, OR AN APPEARANCE OF A CONFLICT OF INTEREST, THE INDIVIDUAL MUST RECUSE THEMSELVES FROM ANY DISCUSSIONS OR DECISIONS CONCERNING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A, EXECUTIVE COMPENSATION: THE BOARD AND OFFICERS, WHO ARE FREE OF ANY CONFLICT, APPROVE EXECUTIVE HIRING DECISIONS. IN MAKING COMPENSATION AND EMPLOYEE BENEFIT DETERMINATIONS, CONSIDERATION IS GIVEN TO EXPERT REPORTS AND COMPENSATION TRENDS IN THE INDUSTRY, QUALIFICATIONS AND OTHER MERITS OF THE CANDIDATES. ALL SUCH DECISIONS ARE DOCUMENTED. COMPENSATION FOR SENIOR MANAGEMENT IS REVIEWED PERIODICALLY AND, WHEN APPLICABLE, WHEN THEIR CONTRACTS ARE RENEWED. FORM 990, PART VI, SECTION C, LINE 19, DOCUMENTATION AVAILABLE TO PUBLIC: THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC. IN ADDITION, ITS CONSOLIDATED FINANCIAL STATEMENTS ARE PUBLISHED ON THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE. CERTAIN GOVERNING POLICIES ARE INCLUDED IN TOURO COLLEGE'S WEBSITE; HOWEVER ITS CONFLICT OF INTEREST POLICY IS NOT MADE PUBLIC. FORM 990, PART X, LINES 27-29, NET ASSET CLASSIFICATION: THE FASB ISSUED ACCOUNTING STANDARDS UPDATE (ASU) 2016-14 NOT-FOR-PROFIT ENTITIES (TOPIC 958), PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES, WHICH AMONG OTHER THINGS, CHANGES HOW NOT-FOR-PROFIT ENTITIES REPORT NET ASSET CLASSES. THE SIGNIFICANT REQUIREMENTS OF ASU 2016-14 INCLUDE REDUCTION IN THE NUMBER OF NET ASSET CLASSES FROM THREE TO TWO: WITH DONOR RESTRICTIONS (FORMERLY REPORTED AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS) AND WITHOUT DONOR RESTRICTIONS (FORMERLY REPORTED AS UNRESTRICTED NET ASSETS). THE 2018 FORM 990, PART X WAS NOT UPDATED TO REFLECT THE CHANGE IN NET ASSET CLASS TERMINOLOGY; THEREFORE, THE COLLEGE HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTION AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS, RESPECTIVELY. FORM 990, schedule L, PART II, LOANS: IN 2015 WHEN TOURO CONVERTED FROM A SEMI-MONTHLY TO A BI-WEEKLY PAYROLL, TOURO ADVANCED EIGHT DAYS OF SALARY TO SUBSTANTIALLY ALL EMPLOYEES TO COMPENSATE FOR THE BUILT-IN DELAY IN PROCESSING THE NEW BI-WEEKLY PAYROLL CYCLE. OF SUCH AMOUNT, $49,700 IS INCLUDED IN LOANS AND OTHER RECEIVABLES FROM CURRENT AND FORMER OFFICERS AND KEY EMPLOYEES, AND $3,268,734 FOR OTHER EMPLOYEES IS INCLUDED IN NOTES AND LOANS RECEIVABLE. SUCH AMOUNTS ARE EXPECTED TO BE REPAID AS EMPLOYEES LEAVE THE COLLEGE. WARWICK ACADEMIC ASSOCIATES LLC C/O TOURO COLLEGE 500 7TH AVE NEW YORK NY 10018 204236301 HOLDING CO. NY 75975 3257717 TOUROCOLLEGE CENTER FOR HEALTH OUTCOME RESEARCH LLC C/O TOURO COLLEGE 500 7TH AVE NEW YORK NY 10018 272347268 RESEARCH CTR. DE 0 0 TOUROCOLLEGE INSTRUMENT LOGISTICS LLC C/O TOURO COLLEGE 500 7TH AVE NEW YORK NY 10018 132676570 SUPPORT TOURO NY 0 0 TOUROCOLLEGE TOURO MARE ISLAND LLC C/O TOURO COLLEGE 500 7TH AVE NEW YORK NY 10018 263766690 SUPPORT TOURO CA 0 0 TOUROCOLLEGE TOURO UNIVERSITY CALIFORNIA 500 7TH AVE NEW YORK NY 10018 133838740 EDUCATION CA 501(C)(3) 2 TOUROCOLLEGE true TOURO UNIVERSITY NEVADA 500 7TH AVE NEW YORK NY 10018 200362127 EDUCATION NV 501(C)(3) 2 TOUROCOLLEGE true TOURO UNIVERSITY COLLEGE OF MEDICINE IN 500 7TH AVE NEW YORK NY 10018 680646771 EDUCATION NJ 501(C)(3) 2 TOUROCOLLEGE true YESHIVAS OHR HACHAIM 500 7TH AVE NEW YORK NY 10018 112808947 EDUCATION NY 501(C)(3) 2 TOUROCOLLEGE true RABBI DOV REVEL YESHIVA OF FOREST HILLS 500 7TH AVE NEW YORK NY 10018 111681674 EDUCATION NY 501(C)(3) 2 TOUROCOLLEGE true TOURO LAW CENTER DEVELOPMENT FOUNDATION 500 7TH AVE NEW YORK NY 10018 133922718 SUPPORT ORG NY 501(C)(3) 12A(I) TOUROCOLLEGE true NYMC LLC 500 7TH AVE NEW YORK NY 10018 271481147 MEMBER NYMC DE 501(C)(3) 12A(I) TOUROCOLLEGE true NEW YORK MEDICAL COLLEGE 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 131099420 EDUCATION NY 501(C)(3) 2 NYMC LLC true PARTNERSHIP FOR A HEALTHY POPULATION 500 7TH AVE NEW YORK NY 10018 134028939 HEALTH STUDY NY 501(C)(3) 7 TOUROCOLLEGE true TOURO COLLEGE BERLIN GGMBH BERLIN AM RUPERHORN 4 14055 BERLIN GM EDUCATION GM 501(C)(3) TOUROCOLLEGE true HEBREW THEOLOGICAL COLLEGE 7135 NORTH CARPENTER ROAD SKOKIE IL 60077 362167095 EDUCATION IL 501(C)(3) 2 TOUROCOLLEGE true THE BIOTECHNOLOGY INCUBATOR AT NYMC INC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 471682208 RESEARCH NY 501(C)(3) 10 NYMC true TOURO UNIVERSITY MEDICAL GROUP 1805 N CALIFORNIA ST STE 201 STOCKTON CA 95204 843416009 HEALTH CARE CA 501(c)(3) 7 TOURO UNI CA true NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE 40 SUNSHINE COTTAGE RD VALHALLA NY 10595 833709834 HEALTH CARE NY 501(c)(3) 10 NYMC true Touro Speech & Rehab 500 7TH AVE NEW YORK NY 10018 134180235 INACTIVE NY NA C CORP 0 0 1.00000 true Touro Foundation Corporation 500 7TH AVE NEW YORK NY 10018 134014618 INACTIVE NY NA C CORP 0 0 1.00000 true Touro University Foundation 500 7TH AVE NEW YORK NY 10018 943318585 INACTIVE CA NA C CORP 0 0 1.00000 true TOURO COLLEGE FDN FOR JEWISH STUDIES 500 7TH AVE NEW YORK NY 10018 133639225 INACTIVE NY NA C CORP 0 0 1.00000 true false true false false true false false false false false true true false false true true true true true YESHIVAS OHR HACHAIM p 3330952 CASH TRANSFER TOURO UNIVERSITY NEVADA q 8108163 CASH TRANSFER TOURO UNIVERSITY NEVADA R 16882564 CASH TRANSFER TOURO UNIVERSITY CALIFORNIA q 9120172 CASH TRANSFER TOURO UNIVERSITY CALIFORNIA r 9104168 CASH TRANSFER TOURO LAW SCHOOL DEVELOPMENT FOUNDATION e 219392 CASH TRANSFER RABBI DOV REVEL YESHIVA OF FOREST HILLS R 658916 CASH TRANSFER NEW YORK MEDICAL COLLEGE Q 646390 CASH TRANSFER HEBREW THEOLOGICAL COLLEGE b 1192000 CASH TRANSFER TOURO COLLEGE BERLIN GGMBH BERLIN B 470582 CASH TRANSFER NEW YORK MEDICAL COLLEGE K 3029268 CASH TRANSFER SCHEDULE R, PART V TRANSACTIONS WITH RELATED ORGANIZATIONS UNDER IRC SECTIONS 512(B)(13) AND 318, ORGANIZATIONS CONTROLLED BY TOURO COLLEGE ARE ATTRIBUTED CONSTRUCTIVE OWNERSHIP BETWEEN THE BROTHER/SISTER RELATED ENTITIES ON SCHEDULE R. ALL TRANSACTIONS WITH DIRECTLY CONTROLLED ORGANIZATIONS ARE REPORTED ON PART V, LINE 2.