Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $85,794

• 1e · Government grants (contributions)

  $488,317

• 1f · All other contributions, gifts and grants

  $750,517

• 2a · Program service revenue: STUDENT TUITION/FEES

  total $87,477,801 · related or exempt $87,477,801

• 2b · Program service revenue: RESEARCH AND SPONSORED

  total $7,131,778 · related or exempt $7,131,778

• 2c · Program service revenue: MEDICAL CLINIC

  total $795,355 · related or exempt $795,355

• 2d · Program service revenue: RESEARCH REVENUE

  total $48,250 · related or exempt $48,250

• 3 · Investment income

  total $1,221,910 · excluded $1,221,910

• 7a · Gross sales of assets other than inventory

  securities $965,763

• 7b · Less cost or other basis and sales expenses

  securities $729,288

• 7c · Gain or loss

  securities $236,475

• 7d · Net gain or loss

  total $236,475 · excluded $236,475

• 8a · Fundraising events: gross income

  $36,406

• 8a · Fundraising events: contributions included on line 1c

  $85,794

• 8b · Fundraising events: direct expenses

  $27,405

• 8c · Net income from fundraising events

  total $9,001 · excluded $9,001

• 9a · Gaming: gross income

  $3,980

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $3,980 · excluded $3,980

• 11a · Other revenue: SPECIAL COURSE INCOME

  total $464,315 · related or exempt $464,315

• 11b · Other revenue: CONSULTING INCOME

  total $189,349 · related or exempt $189,349

• 11c · Other revenue: CAFETERIA INCOME

  total $153,790 · related or exempt $153,790

• 11d · All other revenue

  total $244,907 · related or exempt $244,907

• 11e · Other revenue, total

  $1,052,361

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $234,008 · program services $234,008

• 2 · Grants to domestic individuals

  total $4,371,256 · program services $4,371,256

• 5 · Compensation of officers, directors and key employees

  total $1,375,917 · program services $735,754 · management and general $531,480 · fundraising $108,683

• 7 · Other salaries and wages

  total $42,050,695 · program services $35,727,177 · management and general $5,160,135 · fundraising $1,163,383

• 8 · Pension plan contributions

  total $1,271,994 · program services $1,068,023 · management and general $166,711 · fundraising $37,260

• 9 · Other employee benefits

  total $4,604,134 · program services $3,865,837 · management and general $603,431 · fundraising $134,866

• 10 · Payroll taxes

  total $2,989,571 · program services $2,510,178 · management and general $391,822 · fundraising $87,571

• 11b · Fees: legal

  total $183,838 · program services $154,359 · management and general $24,094 · fundraising $5,385

• 11f · Fees: investment management

  total $125,915 · program services $105,724 · management and general $16,503 · fundraising $3,688

• 11g · Fees: other

  total $1,105,751 · program services $928,438 · management and general $144,923 · fundraising $32,390

• 12 · Advertising and promotion

  total $3,118,533 · program services $2,618,460 · management and general $408,724 · fundraising $91,349

• 13 · Office expenses

  total $1,017,397 · program services $801,461 · management and general $188,650 · fundraising $27,286

• 14 · Information technology

  total $1,525,278 · program services $1,280,692 · management and general $199,907 · fundraising $44,679

• 16 · Occupancy

  total $4,442,265 · program services $3,729,925 · management and general $582,216 · fundraising $130,124

• 17 · Travel

  total $513,037 · program services $430,769 · management and general $67,240 · fundraising $15,028

• 19 · Conferences, conventions and meetings

  total $172,554 · program services $144,884 · management and general $22,615 · fundraising $5,055

• 22 · Depreciation, depletion and amortization

  total $1,025,429 · program services $860,996 · management and general $134,396 · fundraising $30,037

• 23 · Insurance

  total $407,910 · program services $342,499 · management and general $53,462 · fundraising $11,949

• 24a · Other expenses: SHARED COSTS

  total $11,690,051 · program services $9,815,491 · management and general $1,532,131 · fundraising $342,429

• 24b · Other expenses: EDUCATIONAL PROGRAMS

  total $6,964,244 · program services $6,964,244

• 24c · Other expenses: GRADUATION AND SUNDRY

  total $286,526 · program services $286,526

• 24d · Other expenses: STUDENT ACTIVITIES

  total $211,570 · program services $211,570

• 24e · All other expenses

  total $2,958,900 · program services $2,495,403 · management and general $378,830 · fundraising $84,667

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,139,217 · end of year $12,914,982

• 3 · Pledges and grants receivable

  end of year $477,132

• 4 · Accounts receivable

  beginning of year $3,001,489 · end of year $3,470,720

• 7 · Other notes and loans receivable

  beginning of year $1,869,703 · end of year $1,951,041

• 8 · Inventories for sale or use

  beginning of year $11,460 · end of year $9,500

• 9 · Prepaid expenses and deferred charges

  beginning of year $675,493 · end of year $654,984

• 10a · Land, buildings and equipment: cost or other basis

  $54,811,458

• 10b · Land, buildings and equipment: accumulated depreciation

  $16,501,713

• 10c · Land, buildings and equipment, net

  beginning of year $31,937,483 · end of year $38,309,745

• 11 · Investments: publicly traded securities

  beginning of year $13,778,043 · end of year $30,191,702

• 15 · Other assets

  beginning of year $41,613,257 · end of year $17,450,579

• 17 · Accounts payable and accrued expenses

  beginning of year $8,537,985 · end of year $10,220,860

• 19 · Deferred revenue

  beginning of year $8,339,773 · end of year $8,634,348

• 23 · Secured mortgages and notes payable

  beginning of year $13,313,462 · end of year $13,269,155

• 25 · Other liabilities

  beginning of year $839,565 · end of year $1,767,112

• 27 · Net assets without donor restrictions

  beginning of year $63,106,844 · end of year $70,441,137

• 28 · Net assets with donor restrictions

  beginning of year $888,516 · end of year $1,097,773

The filer's explanations (Part III)

PART I, LINE 3

METHODS USED TO DETERMINE COMPENSATION THE FILING ORGANIZATION, TOURO UNIVERSITY, DOES NOT COMPENSATE THE PRESIDENT. THE PRESIDENT IS COMPENSATED BY TOURO UNIVERSITY (NY), A RELATED TAX EXEMPT ORGANIZATION. THE RELATED TAX EXEMPT ORGANIZATION USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF ITS PRESIDENT & CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B

NONQUALIFIED DEFERRED COMPENSATION PLAN TOURO UNIVERSITY'S PRESIDENT AND CHANCELLOR PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF THE FOLLOWING AMOUNTS: ALAN KADISH - $59,500 RABBI DANIEL LANDER - $33,500

SCHEDULE J, PART II, COLUMN D:

NONTAXABLE BENEFITS, AS APPLICABLE, INCLUDE QUALIFIED TUITION REDUCTION AND QUALIFIED BENEFITS UNDER TOURO UNIVERSITY'S CAFETERIA PLAN.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• TUW LLC

  HOLDING COMPANY · HI

  Directly controlled by TOURO UNIVERSITY CALIFORNIA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• TOURO SPEECH AND HEARING CLINIC INC

  C · INACTIVE · NY · controlled entity

• TOURO FOUNDATION CORPORATION

  C · INACTIVE · NY · controlled entity

• TOURO UNIVERSITY FOUNDATION

  C · INACTIVE · CA · controlled entity

• TOURO COLLEGE FDN FOR JEWISH STUDIES

  C · INACTIVE · NY · controlled entity

• TOURO UNIVERSITY MEDICAL ASSOCIATES

  C · HEALTH CARE · CA · controlled entity

• TOURO COLLEGE OF DENTAL MEDICINE FACULTY PRACTICE CORPORATION

  C · HEALTH CARE · NY · controlled entity

• SPEECH LANGUAGE PATHOLOGY PC

  C · HEALTH CARE · NY · controlled entity

• LOVELACE SCIENTIFIC RESOURCES

  C · CLINICAL TRIAL RESEARCH · NM · controlled entity