Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $524,793

• 1e · Government grants (contributions)

  $2,449,216

• 1f · All other contributions, gifts and grants

  $1,633,803

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

  total $65,576,439 · related or exempt $65,576,439

• 2b · Program service revenue: MEDICAL CLINIC

  total $1,028,765 · related or exempt $1,028,765

• 3 · Investment income

  total $543,933 · excluded $543,933

• 6a · Gross rents

  real property $368,694

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $368,694

• 6d · Net rental income or loss

  total $368,694 · excluded $368,694

• 7a · Gross sales of assets other than inventory

  securities $1,193,212

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

  securities $1,336,777

• 7c · Gain or loss

  securities -$143,565

• 7d · Net gain or loss

  total -$143,565 · excluded -$143,565

• 8a · Fundraising events: gross income

  $116,000

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

  $524,793

• 8b · Fundraising events: direct expenses

  $221,060

• 8c · Net income from fundraising events

  total -$105,060 · excluded -$105,060

• 11a · Other revenue: PARKING CARD FEES

  total $48,341 · related or exempt $48,341

• 11b · Other revenue: TRANSFER

  total $30,000 · related or exempt $30,000

• 11c · Other revenue: STUDENT ACTIVITY FEES

  total $1,260 · related or exempt $1,260

• 11d · All other revenue

  total $185,737 · related or exempt $185,737

• 11e · Other revenue, total

  $265,338

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,008,693 · program services $1,008,693

• 5 · Compensation of officers, directors and key employees

  total $1,456,372 · program services $796,467 · management and general $474,119 · fundraising $185,786

• 7 · Other salaries and wages

  total $28,389,530 · program services $24,455,166 · management and general $3,361,873 · fundraising $572,491

• 8 · Pension plan contributions

  total $900,788 · program services $762,127 · management and general $115,775 · fundraising $22,886

• 9 · Other employee benefits

  total $3,352,579 · program services $2,836,506 · management and general $430,896 · fundraising $85,177

• 10 · Payroll taxes

  total $1,978,784 · program services $1,674,184 · management and general $254,326 · fundraising $50,274

• 11b · Fees: legal

  total $91,510 · program services $77,424 · management and general $11,761 · fundraising $2,325

• 11d · Fees: lobbying

  total $48,110 · program services $40,704 · management and general $6,184 · fundraising $1,222

• 11g · Fees: other

  total $545,165 · program services $461,246 · management and general $70,068 · fundraising $13,851

• 12 · Advertising and promotion

  total $479,512 · program services $403,678 · management and general $63,433 · fundraising $12,401

• 13 · Office expenses

  total $1,285,480 · program services $1,073,334 · management and general $180,568 · fundraising $31,578

• 14 · Information technology

  total $1,751,670 · program services $1,482,030 · management and general $225,136 · fundraising $44,504

• 16 · Occupancy

  total $3,957,545 · program services $3,348,348 · management and general $508,650 · fundraising $100,547

• 17 · Travel

  total $350,606 · program services $296,636 · management and general $45,062 · fundraising $8,908

• 19 · Conferences, conventions and meetings

  total $147,295 · program services $124,622 · management and general $18,931 · fundraising $3,742

• 22 · Depreciation, depletion and amortization

  total $2,414,317 · program services $2,042,674 · management and general $310,304 · fundraising $61,339

• 23 · Insurance

  total $212,537 · program services $179,821 · management and general $27,316 · fundraising $5,400

• 24a · Other expenses: SHARED COSTS

  total $10,644,910 · program services $9,006,307 · management and general $1,368,154 · fundraising $270,449

• 24b · Other expenses: EDUCATIONAL PROGRAMS EX

  total $4,091,857 · program services $4,091,857

• 24c · Other expenses: STUDENT ACTIVITIES

  total $2,953,644 · program services $2,953,644

• 24d · Other expenses: DEFEASANCE OF BONDS

  total $1,330,829 · program services $1,125,970 · management and general $171,047 · fundraising $33,812

• 24e · All other expenses

  total $2,029,202 · program services $1,746,092 · management and general $236,384 · fundraising $46,726

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,275,797 · end of year $7,533,438

• 3 · Pledges and grants receivable

  beginning of year $166,965 · end of year $166,965

• 4 · Accounts receivable

  beginning of year $1,980,341 · end of year $1,697,379

• 7 · Other notes and loans receivable

  beginning of year $2,341,746 · end of year $2,737,798

• 9 · Prepaid expenses and deferred charges

  beginning of year $713,025 · end of year $637,837

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

  $79,052,473

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

  $26,240,101

• 10c · Land, buildings and equipment, net

  beginning of year $53,984,702 · end of year $52,812,372

• 11 · Investments: publicly traded securities

  beginning of year $7,503,535 · end of year $7,906,006

• 15 · Other assets

  beginning of year $37,104,946 · end of year $41,338,596

• 17 · Accounts payable and accrued expenses

  beginning of year $8,761,921 · end of year $10,674,192

• 19 · Deferred revenue

  beginning of year $20,287,370 · end of year $19,383,311

• 20 · Tax-exempt bond liabilities

  beginning of year $32,883,078 · end of year $35,091,373

• 23 · Secured mortgages and notes payable

  beginning of year $11,989,615 · end of year $6,861,656

• 25 · Other liabilities

  beginning of year $1,478,010 · end of year $111,410

• 27 · Net assets without donor restrictions

  beginning of year $31,270,063 · end of year $33,702,449

• 28 · Net assets with donor restrictions

  beginning of year $8,401,000 · end of year $9,006,000

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE CEO & SENIOR PROVOST IS PROVIDED HOUSING AS A TAXABLE BENEFIT. THE VALUE OF THE HOUSING BENEFIT IS INCLUDED AS OTHER REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN B(III).

PART I, LINE 1B

APPROVAL FOR BENEFITS THE BENEFITS PROVIDED TO THE PRESIDENT ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. BENEFITS PROVIDED TO THE OFFICERS ARE APPROVED BY THE PRESIDENT.

PART I, LINE 3

METHODS USED TO DETERMINE COMPENSATION THE FILING ORGANIZATION, TOURO UNIVERSITY NEVADA, DOES NOT COMPENSATE THE PRESIDENT. THE PRESIDENT IS COMPENSATED BY 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

TOURO UNIVERSITY'S PRESIDENT AND CHANCELLOR PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN THROUGH A RELATED ENTITY; 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.

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