TOURO UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- TOURO UNIVERSITY (EIN 13-3838740)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201201369349301030
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T08:11:10-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PERELSON WEINER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE DAG HAMMARSKJOLD PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100172286 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133838740 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOURO UNIVERSITY CO MR MELVIN M NESS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TOUR | NameControl |
| Phone | 2124630400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-33 WEST 23RD STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELVIN NESS | Name |
| Title | SR VICE PRESIDENT AND TREASURER | Title |
| Phone | 2124600400 | Phone |
| Date Signed | 2012-05-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RONALD G WEINER CPA | Name |
| Phone | 2126053100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MELVIN NESS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O TOURO COLLEGE 27-33 WEST 23RD | AddressLine1 |
| Address Line2 | STREET | AddressLine2 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 58967286 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TU.EDU,WWW.TOURO.EDU,WWW.TUW.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1995 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY'S OPERATIONS CONSISTS OF TOURO UNIVERSITY CALIFORNIA (TUC), LOCATED IN VALLEJO, CA, WHICH OFFERS DOCTORAL DEGREES IN OSTEOPATHIC MEDICINE AND PHARMACY AND VARIOUS MASTERS DEGREES, AND TOURO UNIVERSITY LOS ANGELES (TULA). TULA HAS UNDERGRADUATE PROGRAMS OFFERED BY TOURO COLLEGE LOS ANGELES (TCLA) OFFERING BACHELOR DEGREES IN BUSINESS MANAGEMENT AND ADMINISTRATION AND PSYCHOLOGY AND HAS DEVELOPED A DISTANCE LEARNING UNIT UNDER THE NAME TOURO UNIVERSITY WORLDWIDE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 575 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1606751 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1980162 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 42354333 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 48082755 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 19139461 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1155758 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4769312 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2710211 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 67869857 | TotalRevenuePriorYear |
| Total Revenue Current Year | 53928886 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 114276 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 24617645 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26217706 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 36103 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12904067 | OtherExpensePriorYear |
| Other Expenses Current Year | 20963947 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 37521712 | TotalExpensesPriorYear |
| Total Expenses Current Year | 47295929 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 30348145 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6632957 | RevenuesLessExpensesCY |
| Total Assets BOY | 156115473 | TotalAssetsBOY |
| Total Assets EOY | 156416823 | TotalAssetsEOY |
| Total Liabilities BOY | 38547715 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30745382 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 117567758 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 125671441 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE UNIVERSITY'S OPERATIONS CONSISTS OF TOURO UNIVERSITY CALIFORNIA (TUC), LOCATED IN VALLEJO, CA, WHICH OFFERS DOCTORAL DEGREES IN OSTEOPATHIC MEDICINE AND PHARMACY AND VARIOUS MASTERS DEGREES, AND TOURO UNIVERSITY LOS ANGELES (TULA). TULA HAS UNDERGRADUATE PROGRAMS OFFERED BY TOURO COLLEGE LOS ANGELES (TCLA) OFFERING BACHELOR DEGREES IN BUSINESS MANAGEMENT AND ADMINISTRATION AND PSYCHOLOGY AND HAS DEVELOPED A DISTANCE LEARNING UNIT UNDER THE NAME TOURO UNIVERSITY WORLDWIDE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 43108644 | Expense |
| Grants | 114276 | Grants |
| Revenue | 47992755 | Revenue |
| Description | THE UNIVERSITY PROVIDED EDUCATION TO APPROXIMATELY 1500 UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS DURING THE FISCAL YEAR IN VARIOUS FIELDS OF STUDIES. | Description |
| Total Program Service Expense | 43108644 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 167 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 575 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | STUART LIPPMAN CONTROLLER- TOURO C | NamePerson |
| Telephone Number | 2124630400 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-33 WEST 23RD STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| ABRAHAM BIDERMAN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JACK WEINREB | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| LAWRENCE PLATT | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MARK HASTEN | ||||||||
| CHAIRMAN-BOARD OF TRUSTEES | 0.00 | X | 0 | 0 | 0 | |||
| MARTIN OLINER ESQ | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MENACHEM GENACK | ||||||||
| TRUSTEE | 0.00 | X | 0 | 65567 | 587 | |||
| SOLOMON GOLDFINGER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DAVID LICHTENSTEIN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| STEVE ROSENBERG | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| RABBI DANIEL LANDER | ||||||||
| TRUSTEE & VICE PRESIDENT | 0.00 | X | 0 | 178378 | 89128 | |||
| ALAN KADISH | ||||||||
| PRESIDENT & TRUSTEE | 0.00 | X | 0 | 496019 | 88196 | X | ||
| BEN CHOUAKE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MELVIN NESS | ||||||||
| SENIOR VP & TREASURER | 0.00 | 0 | 254343 | 22048 | X | |||
| FRANKLYN SNITOW | ||||||||
| ASST. SECRETARY | 0.00 | 0 | 0 | 0 | X | |||
| ALAN SCHOOR | ||||||||
| SR. VP OF OPERATIONS & SEC | 0.00 | 0 | 201988 | 32843 | X | |||
| BERNARD LUSKIN | ||||||||
| PROVOST & CEO, TCLA | 35.00 | 191049 | 0 | 14972 | X | |||
| MARILYN HOPKINS | ||||||||
| PROVOST AND CEO | 35.00 | 257188 | 0 | 2166 | X | |||
| JOHN GLOVER | ||||||||
| PROF/CHAIR OMM | 35.00 | 188107 | 0 | 5424 | X | |||
| MICHAEL CLEARFIELD | ||||||||
| DEAN TUCOM | 35.00 | 361849 | 0 | 2166 | X | |||
| KATHERINE KNAPP | ||||||||
| DEAN OF PHARMACY | 35.00 | 211055 | 0 | 6830 | X | |||
| JAMES FOYE | ||||||||
| ASSOCIATE PROFESSOR | 35.00 | 178024 | 0 | 10094 | X | |||
| PATRICIA HISEROTE | ||||||||
| CHAIR OF PRIMARY CARE | 35.00 | 193082 | 0 | 1707 | X | |||
| BERNARD LANDER | ||||||||
| FORMER PRESIDENT AND TRUSTEE- DECEASED | 0.00 | 0 | 110501 | 10726 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1580354 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1306796 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 286887 | TotalOtherCompensation |
| Number Individuals GT100 K | 51 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| UNIVERSAL PROTECTION SERVICES | |||||
| PO BOX 101034 | PASADENA | CA | 91189 | SECURITY GUARDS | 373431 |
| ANDERSEN & BONNIFIELD | |||||
| 1320 WILLOW PASS ROAD SUITE 500 | CONCORD | CA | 94520 | LEGAL | 190960 |
| ROBERT HALF FINANCE AND ACCOUNTING | |||||
| 5720 STONEBRIDGE DRIVE SUITE 3 | PLEASANTON | CA | 94588 | RECRUITMENT AGENCY | 178700 |
| NIXON PEABOY LLP | |||||
| ONE EMBARCADERO CENTER SUITE 1800 | SAN FRANCISCO | CA | 94111 | LEGAL | 175785 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Government Grants | 1755237 | GovernmentGrants |
| All Other Contributions | 224925 | AllOtherContributions |
| Total Contributions | 1980162 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT TUITION / FEES | 611600 | 47992755 | 47992755 |
| RESEARCH INCOME | 541700 | 90000 | 90000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 48082755 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1203897 | TotalRevenueColumn |
| Exclusion | $1,203,897 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4990261 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5038400 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -48139 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -48139 | TotalRevenueColumn |
| Exclusion | -$48,139 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| AMORT/NONCOMPETE | 900099 | 949312 | $949,312 | |
| CLINIC PATIENT INCOME | 621400 | 899868 | 899868 | |
| OTHER INCOME | 900099 | 861031 | $861,031 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2710211 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53928886 | TotalRevenueColumn |
| Related Or Exempt Function Income | 48982623 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,966,101 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114276 | Total |
| Program Services | 114276 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 465375 | Total |
| Program Services | 424127 | ProgramServices |
| Management And General | 40844 | ManagementAndGeneral |
| Fundraising | 404 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22170751 | Total |
| Program Services | 20205670 | ProgramServices |
| Management And General | 1945835 | ManagementAndGeneral |
| Fundraising | 19246 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2073719 | Total |
| Program Services | 1889917 | ProgramServices |
| Management And General | 182002 | ManagementAndGeneral |
| Fundraising | 1800 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1507861 | Total |
| Program Services | 1374213 | ProgramServices |
| Management And General | 132339 | ManagementAndGeneral |
| Fundraising | 1309 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18508 | Total |
| Program Services | 16868 | ProgramServices |
| Management And General | 1624 | ManagementAndGeneral |
| Fundraising | 16 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30000 | Total |
| Program Services | 27341 | ProgramServices |
| Management And General | 2633 | ManagementAndGeneral |
| Fundraising | 26 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 430911 | Total |
| Program Services | 392718 | ProgramServices |
| Management And General | 37819 | ManagementAndGeneral |
| Fundraising | 374 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 295107 | Total |
| Program Services | 268951 | ProgramServices |
| Management And General | 25900 | ManagementAndGeneral |
| Fundraising | 256 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2321966 | Total |
| Program Services | 1704783 | ProgramServices |
| Management And General | 615168 | ManagementAndGeneral |
| Fundraising | 2015 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 513333 | Total |
| Program Services | 467834 | ProgramServices |
| Management And General | 45053 | ManagementAndGeneral |
| Fundraising | 446 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2287196 | Total |
| Program Services | 2084473 | ProgramServices |
| Management And General | 200737 | ManagementAndGeneral |
| Fundraising | 1986 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 520957 | Total |
| Program Services | 474783 | ProgramServices |
| Management And General | 45722 | ManagementAndGeneral |
| Fundraising | 452 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140439 | Total |
| Program Services | 127991 | ProgramServices |
| Management And General | 12326 | ManagementAndGeneral |
| Fundraising | 122 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78526 | Total |
| Management And General | 78526 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 844084 | Total |
| Program Services | 769269 | ProgramServices |
| Management And General | 74082 | ManagementAndGeneral |
| Fundraising | 733 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106640 | Total |
| Program Services | 97188 | ProgramServices |
| Management And General | 9359 | ManagementAndGeneral |
| Fundraising | 93 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OVERHEAD CHARGES | 5182784 | 4723413 | 454872 | 4499 |
| PROGRAMS | 2185453 | 2185453 | ||
| STUDENT ACTIVITIES | 2101997 | 2101997 | ||
| DEFEASANCE BOND CHARGES | 1598404 | 1456785 | 140340 | 1279 |
| RECRUITMENT | 388494 | 388494 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1919148 | Total |
| Program Services | 1812100 | ProgramServices |
| Management And General | 106001 | ManagementAndGeneral |
| Fundraising | 1047 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47295929 | Total |
| Program Services | 43108644 | ProgramServices |
| Management And General | 4151182 | ManagementAndGeneral |
| Fundraising | 36103 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3723107 | BOY |
| EOY | 1598109 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3488606 | BOY |
| EOY | 1968179 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1456387 | BOY |
| EOY | 1211842 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 26628421 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3891019 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22210428 | BOY |
| EOY | 22737402 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5349867 | BOY |
| EOY | 9031986 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16823691 | BOY |
| EOY | 16544240 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103063387 | BOY |
| EOY | 103325065 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156115473 | BOY |
| EOY | 156416823 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7164714 | BOY |
| EOY | 5246833 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8729648 | BOY |
| EOY | 3920388 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20080000 | BOY |
| EOY | 20690000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1190860 | BOY |
| EOY | 853521 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1382493 | BOY |
| EOY | 34640 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38547715 | BOY |
| EOY | 30745382 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117098005 | BOY |
| EOY | 125327441 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 469753 | BOY |
| EOY | 344000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117567758 | BOY |
| EOY | 125671441 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156115473 | BOY |
| EOY | 156416823 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6632957 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1470726 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $30,000 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Total Lobbying Expenditures IIB | 30000 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | THE UNIVERSITY HIRED A LOBBYIST TO ASSIST IN OBTAINING GRANTS FROM FEDERAL AND STATE AGENCIES. THE GRANTS FINANCED THE ADDITION TO AND RENOVATION OF THE MEDICAL SCHOOL AND RESEARCH PROJECTS. ALSO, THE UNIVERSITY OR ITS REPRESENTATIVES MAY MEET WITH LEGISLATORS TO DISCUSS CERTAIN GRANTS. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7437251 | OtherCostOrOtherBasis |
| Book Value | 7437251 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14259452 | OtherCostOrOtherBasis |
| Depreciation | 441305 | Depreciation |
| Book Value | 13818147 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2946489 | OtherCostOrOtherBasis |
| Depreciation | 2236721 | Depreciation |
| Book Value | 709768 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1985229 | OtherCostOrOtherBasis |
| Depreciation | 1212993 | Depreciation |
| Book Value | 772236 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 22737402 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NOTES RECEIVABLE | 8800000 | C |
| LIMITED PARTNERSHIP INTEREST | 365754 | F |
| CASH AND MONEY FUNDS | 7378486 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 16544240 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| SECURITY DEPOSITS | 49528 |
| OTHER RECEIVABLE | 1144652 |
| DUE FROM AFFILIATE - NET | 102130885 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 103325065 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED RENT & OTHER LIABILITIES | Description |
| Amount | $34,640 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 34640 | TotalOfAmounts |
| Total Revenue | 53928886 | TotalRevenue |
| Total Expenses | 47295929 | TotalExpenses |
| Excess Or Deficit For Year | 6632957 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 136670 | NetUnrealizedGLOnInvestments |
| Other | $1,334,056 | OtherAmount |
| Total Adjustments | 1470726 | TotalAdjustments |
| Excess Or Deficit Per FS | 8103683 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 54065556 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 136670 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 136670 | RevenueNotRptdF990 |
| Revenue Subtotal | 53928886 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 53928886 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 47295929 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 47295929 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 47295929 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | ARTWORK IS USED TO BEAUTIFY THE FACILITIES TO ENHANCE STUDENT AND FACULTY ACCEPTANCE OF THEIR SURROUNDINGS. | |
| CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,334,056. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| PART X, LINE 2- ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS. THE UNIVERSITY BELIEVES THAT IT HAS THE APPROPRIATE SUPPORT FOR TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | 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 UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | UNIVERSITY REPORTED GOVERNMENT CONTRIBUTIONS (GRANTS) OF $1,755,237. ALSO, STUDENTS ATTENDING THE UNIVERSITY MAY BE ELIGIBLE FOR FEDERAL FINANCIAL AID INCLUDING STUDENT LOANS. ADDITIONALLY, THE UNIVERSITY RECEIVED GRANTS FROM THE GOVERNMENT FOR RESEARCH AND FACILITY IMPROVEMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| FACULTY RESEARCH ASSISTANT SALARY | 18 | 67876 |
| STUDENT STIPENDS | 10 | 46400 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE UNIVERSITY 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 UNIVERSITY GUIDELINES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RABBI DANIEL LANDER | |||||||||||||
| 0 | 178378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89128 | 0 | 267506 | 0 | 0 |
| ALAN KADISH | |||||||||||||
| 0 | 496019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88196 | 0 | 584215 | 0 | 0 |
| MELVIN NESS | |||||||||||||
| 0 | 254343 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22048 | 0 | 276391 | 0 | 0 |
| ALAN SCHOOR | |||||||||||||
| 0 | 201988 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32843 | 0 | 234831 | 0 | 0 |
| BERNARD LUSKIN | |||||||||||||
| 191049 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14972 | 0 | 206021 | 0 | 0 | 0 |
| MARILYN HOPKINS | |||||||||||||
| 257188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2166 | 0 | 259354 | 0 | 0 | 0 |
| JOHN GLOVER | |||||||||||||
| 188107 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5424 | 0 | 193531 | 0 | 0 | 0 |
| MICHAEL CLEARFIELD | |||||||||||||
| 361849 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2166 | 0 | 364015 | 0 | 0 | 0 |
| KATHERINE KNAPP | |||||||||||||
| 211055 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6830 | 0 | 217885 | 0 | 0 | 0 |
| JAMES FOYE | |||||||||||||
| 178024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10094 | 0 | 188118 | 0 | 0 | 0 |
| PATRICIA HISEROTE | |||||||||||||
| 193082 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1707 | 0 | 194789 | 0 | 0 | 0 |
| BERNARD LANDER | |||||||||||||
| 0 | 110501 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10726 | 0 | 121227 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | AN OFFICER OF THE UNIVERSITY IS PROVIDED WITH UPGRADED TRAVEL ON CERTAIN TRIPS. |
| PART I, LINE 1B | THE BENEFITS PROVIDED TO THE OFFICERS ARE ON AN AD-HOC BASIS AND APPROVED BY THE PRESIDENT. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA MUNICIPAL FINANCE AUTHORITY SERIES 2010 BOND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 201563466 | IssuerEIN |
| CUSIP Number | 13048THH9 | CUSIPNumber |
| Date Issued | 2010-12-01 | DateIssued |
| Issue Price | 20690000 | IssuePrice |
| Description Of Purpose | TO REFINANCE ITS EXISTING CERTIFICATES OF PARTICIPATION. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 20690000 | TotalProceeds |
| Issuance Costs From Proceeds | 704403 | IssuanceCostsFromProceeds |
| Capital Expenditures | 20690000 | CapitalExpenditures |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 1 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| STEVE ROSENBERG | |||
| TRUSTEE OF TOURO UNIVERSITY AND CHAIRMAN AND CEO OF GREYSTONE CAPITAL. | 1134111 | INT INCOME | 0 |
| STEVE ROSENBERG | |||
| TRUSTEE OF TOURO UNIVERSITY AND CHAIRMAN AND CEO OF GREYSTONE CAPITAL. | 1200000 | PRINCIPAL PAYMENTS | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | TOURO COLLEGE IS THE SOLE MEMBER OF THE FILING ENTITY. | |
| FORM 990, PART VI, SECTION A, LINE 7A | TOURO 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 FORM 990. | |
| THE ANNUAL BOARD QUESTIONNAIRE, THAT REQUIRES DISCLOSURE OF CONFLICT OF INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE BOARD AND OFFICERS CONSIDER COMPENSATION TRENDS IN THE INDUSTRY, QUALIFICATION AND OTHER MERITS OF THE CANDIDATES IN DECIDING COMPENSATION AND OTHER EMPLOYEE BENEFITS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE 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. | FORM 990, PART VI, SECTION C, LINE 19 | |
| HOURS FOR RELATED ORGANIZATION: | RABBI DANIEL LANDER WORKED 8 HOURS AT A RELATED ENTITY (TOURO COLLEGE) AND 27 HOURS AT ANOTHER RELATED ENTITY (YESHIVAS OHR HACHAIM). MENACHEM GENACK WORKED FOR 35 HOURS AT YESHIVAS OHR HACHAIM. MOST OF THE OTHER OFFICERS WORKED 35 HOURS AT A RELATED ENTITY (TOURO COLLEGE). | FORM 990, PART VII, LINE 1A, COLUMN B: |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 136,670. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,334,056. TOTAL TO FORM 990, PART XI, LINE 5: 1,470,726. | FORM 990, PART XI, LINE 5: |
| FINANCIAL STATEMENTS AND REPORTING: | THERE IS NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS. | FORM 990, PART XII, LINE 2C: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOURO MARE ISLAND LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TOURO COLLEGE 1310 JOHNSON LN | AddressLine1 |
| City | VALLEJO | City |
| State | CA | State |
| ZIP Code | 94592 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263766690 | EIN |
| Primary Activities | PROPERTY DEVELOPMENT | PrimaryActivities |
| Legal Domicile State | CA | LegalDomicileState |
| Total Income | -60339 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Form990 Schedule R Part II Form990ScheduleRPartII (9 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Controlled OrgControlledOrg | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|
| TOURO COLLEGE | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 132676570 | EDUCATION | NY | 501(C)(3) | LINE 2 | 0 | |
| TOURO UNIVERSITY- NEVADA | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 200362127 | EDUCATION | NV | 501(C)(3) | LINE 2 | 0 | |
| TOURO UNIVERSITY COLLEGE OF MEDICINEINC | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 680646771 | EDUCATION | NJ | 501(C)(3) | LINE 2 | 0 | |
| YESHIVAS OHR HACHAIM | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 112808947 | EDUCATION | NY | 501(C)(3) | LINE 2 | 0 | |
| RABBI DOV REVEL YESHIVA OF FOREST HILLS | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 111681674 | EDUCATION | NY | 501(C)(3) | LINE 2 | 0 | |
| TOURO COLLEGE FOUNDATION FOR JEWISH STUDIES | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 133639225 | EDUCATION | NY | 501(C)(3) | LINE 2 | 0 | |
| NYMC LLC | ||||||||||
| C/O MR MELVIN NESS 27 WEST 23RD ST | NEW YORK | NY | 10010 | 271481147 | TO ASSIST TOURO COLLEGE IN THE PURCHASE OF NYMC | DE | 501(C)(3) | LINE 7 | 1 | TOURO COLLEGE |
| NEW YORK MEDICAL COLLEGE | ||||||||||
| 40 SUNSHINE COTTAGE ROAD | VALHALLA | NY | 10595 | 131099420 | EDUCATION | NY | 501(C)(3) | LINE 2 | 1 | NYMC LLC |
| THE PARTNER FOR A HEALTHY POPULATION | ||||||||||
| C/O NYMC 40 SUNSHINE COTTAGE ROAD | VALHALLA | NY | 10595 | 134038993 | HEALTH RELATED STUDIES AND EDUCATION | NY | 501(C)(3) | LINE 9 | 1 | NEW YORK MEDICAL COLLEGE |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| TOURO SPEECH & REHAB | |||||||||
| C/O TOURO COLLEGE 27 WEST 23RD STRE | NEW YORK | NY | 10010 | 134180235 | INACTIVE | NY | N/A | C | |
| TOURO FOUNDATION CORPORATION | |||||||||
| C/O TOURO COLLEGE 27 WEST 23RD STRE | NEW YORK | NY | 10010 | 134014618 | INACTIVE | NY | N/A | C | |
| TOURO UNIVERSITY FOUNDATION | |||||||||
| C/O TOURO COLLEGE 27 WEST 23RD STRE | NEW YORK | NY | 10010 | 943318585 | INACTIVE | CA | C | TOURO UNIVERSITY CALIFORNIA | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TOURO COLLEGE | ||
| D | 35665000 | PRINCIPAL REMAINING ON BONDS |
| TOURO COLLEGE | ||
| R | 127000 | CASH TRANSFERRED |
| TOURO UNIVERSITY NEVADA | ||
| D | 33878338 | PRINCIPAL REMAINING ON BONDS |
| TOURO COLLEGE | ||
| O | 5182784 | CASH TRANSFERRED |