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Nonprofiteer
← TOURO LAW CENTER DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2024

Filed by TOURO LAW CENTER DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$366,477
Total expenses
$40,652
Contributions and grants received
$45,856
Grants paid
$12,000
Program service revenue
$0
Investment income
$309,121
Other revenue
$11,500
Total assets, end of year
$6,067,802
Total liabilities, end of year
$615,868
Net assets or fund balances, end of year
$5,451,934
Program services expenses (Part IX)
$12,000
Management and general expenses
$28,652
Fundraising expenses
$0
Program service expenses (Part III)
$12,000

Program services were 29.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $45,856

  • 3 · Investment income

    total $234,950 · excluded $234,950

  • 7a · Gross sales of assets other than inventory

    securities $2,072,602

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

    securities $1,998,431

  • 7c · Gain or loss

    securities $74,171

  • 7d · Net gain or loss

    total $74,171 · excluded $74,171

  • 11a · Other revenue: TRANSFERS

    total $11,500 · excluded $11,500

  • 11e · Other revenue, total

    $11,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 11f · Fees: investment management

    total $28,402 · management and general $28,402

  • 24a · Other expenses: OTHER COSTS

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $223,866 · end of year $163,307

  • 11 · Investments: publicly traded securities

    beginning of year $5,282,944 · end of year $5,904,495

  • 25 · Other liabilities

    beginning of year $593,016 · end of year $615,868

  • 27 · Net assets without donor restrictions

    beginning of year $232,093 · end of year $254,057

  • 28 · Net assets with donor restrictions

    beginning of year $4,681,701 · end of year $5,197,877

Mission and programs · 2024

Mission

TO PROMOTE AND SUPPORT THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY AND PERFORM ANY OTHER ACTS INCIDENTAL TO, CONNECTED WITH, OR IN ADVANCEMENT THEREOF.

Activities or mission (Part I)

TO PROMOTE AND SUPPORT THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY.

  • LAW CENTER SUPPORT: PROMOTED AND SUPPORTED THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY.

    Expenses $12,000 · Grants $12,000

As filed on the 2024 return.

Listed in Part VII

  • Patricia Salkin

    TRUSTEE

    Total calculated
    $628,919
    From this org
    $0
    From related orgs
    $513,934
    Other
    $114,985
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,954 related
    Bonus
    $0
    Other
    $0 + $1,980 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $97,735 related
    Filer's total
    $0 + $628,919 related

  • Elena Langan

    PRESIDENT AND TRUSTEE

    Total calculated
    $380,854
    From this org
    $0
    From related orgs
    $350,974
    Other
    $29,880
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,164 related
    Bonus
    $0
    Other
    $0 + $3,810 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $12,630 related
    Filer's total
    $0 + $380,854 related

  • Alan Fuchsberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Howard Glickstein

    TRUSTEE

    Total calculated
    $56,071
    From this org
    $0
    From related orgs
    $43,463
    Other
    $12,608
    Hours/week
    1

  • Bruce Gould

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jothy Narendran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II
THE FILING ORGANIZATION, TOURO LAW CENTER DEVELOPMENT FOUNDATION, DOES NOT COMPENSATE ANY OF ITS OFFICERS OR TRUSTEES, NOR DOES IT HAVE ANY EMPLOYEES. THE OFFICERS AND DIRECTORS OF TOURO LAW CENTER DEVELOPMENT FOUNDATION ARE COMPENSATED BY TOURO UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • TOURO SPEECH & 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 FOUNDATION 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 RESOURCE

    C · CLINICAL TRIAL RESEARCH · NM · controlled entity

  • PODIA INSURANCE LIMITED

    C · INSURANCE · CJ · controlled entity

    Directly controlled by TOURO UNIVERSITY

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601349349302415

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