Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $287,300

• 2a · Program service revenue: TUITION

  total $800,381 · related or exempt $800,381

• 2b · Program service revenue: COMMERCIAL REVENUE

  total $608,570 · related or exempt $608,570

• 2c · Program service revenue: MEDICAID

  total $169,984 · related or exempt $169,984

• 2d · Program service revenue: MEDICARE

  total $84,967 · related or exempt $84,967

• 2e · Program service revenue: SELF PAY

  total $1,635 · related or exempt $1,635

• 3 · Investment income

  total $29 · excluded $29

• 11a · Other revenue: CONFERENCE REVENUE

  total $31,475 · excluded $31,475

• 11b · Other revenue: PARKING CARD FEES

  total $2,848 · excluded $2,848

• 11e · Other revenue, total

  $34,323

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $290,004 · program services $242,552 · management and general $47,452

• 7 · Other salaries and wages

  total $995,707 · program services $832,785 · management and general $162,922

• 8 · Pension plan contributions

  total $48,891 · program services $40,891 · management and general $8,000

• 9 · Other employee benefits

  total $47,084 · program services $39,380 · management and general $7,704

• 10 · Payroll taxes

  total $93,549 · program services $78,242 · management and general $15,307

• 11c · Fees: accounting

  total $48,025 · program services $40,167 · management and general $7,858

• 11g · Fees: other

  total $264,319 · program services $221,070 · management and general $43,249

• 12 · Advertising and promotion

  total $1,300 · program services $1,087 · management and general $213

• 13 · Office expenses

  total $8,422 · program services $7,044 · management and general $1,378

• 14 · Information technology

  total $5,645 · program services $4,721 · management and general $924

• 16 · Occupancy

  total $76,620 · program services $64,083 · management and general $12,537

• 17 · Travel

  total -$46,900 · program services -$39,226 · management and general -$7,674

• 20 · Interest

  total -$25,233 · program services -$21,104 · management and general -$4,129

• 22 · Depreciation, depletion and amortization

  total $27,911 · program services $23,344 · management and general $4,567

• 23 · Insurance

  total $58,392 · program services $48,838 · management and general $9,554

• 24a · Other expenses: SHARED FACILITIES COSTS

  total $939,399 · program services $785,690 · management and general $153,709

• 24b · Other expenses: MEDICAL SERVICES CONTRA

  total $530,793 · program services $443,942 · management and general $86,851

• 24c · Other expenses: MEDICAL SURG LAB SUPPLI

  total $38,719 · program services $32,384 · management and general $6,335

• 24d · Other expenses: BIO HAZARDOUS WASTE

  total $5,242 · program services $4,384 · management and general $858

• 24e · All other expenses

  total $11,777 · program services $9,850 · management and general $1,927

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,709 · end of year $128,750

• 2 · Savings and temporary cash investments

  beginning of year $27,088

• 4 · Accounts receivable

  beginning of year $89,295 · end of year $75,453

• 9 · Prepaid expenses and deferred charges

  beginning of year $122,049

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

  $2,387,611

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

  $12,611

• 10c · Land, buildings and equipment, net

  beginning of year $453,115 · end of year $2,375,000

• 15 · Other assets

  end of year -$1,445,466

• 17 · Accounts payable and accrued expenses

  beginning of year $209,789 · end of year $745,780

• 25 · Other liabilities

  beginning of year $94,087,268 · end of year $396,957

• 27 · Net assets without donor restrictions

  beginning of year -$93,603,801 · end of year -$9,000

The filer's explanations (Part III)

PART I, LINE 4B

NONQUALIFIED DEFERRED COMPENSATION PLAN TOURO UNIVERSITY'S PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN; AMOUNTS IN COLUMN (C) INCLUDE A DEFERRAL OF THE FOLLOWING AMOUNTS: ALAN KADISH - $54,538 RABBI DANIEL LANDER - $41,908

PART VII SECTION A

THE INDIVIDUALS WITH BOARD TERMS ENDING 12/31/2024 REPRESENT THE LEGACY BOARD MEMBERS OF THE ORGANIZATION THAT WERE REPLACED BY THE INDIVIDUALS WITH BOARD TERMS BEGINNING 1/1/2025 AS A RESULT OF THE TRANSFER TO TOURO UNIVERSITY (NEW YORK).