Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $58,247

• 1e · Government grants (contributions)

  $331,778

• 1f · All other contributions, gifts and grants

  $1,128,236

• 1g · Noncash contributions included above

  $22,757

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

  total $86,831,524 · related or exempt $86,831,524

• 2b · Program service revenue: RESEARCH AND SPONSORED

  total $5,453,600 · related or exempt $5,453,600

• 2c · Program service revenue: MEDICAL CLINIC

  total $485,850 · related or exempt $485,850

• 2d · Program service revenue: RESEARCH REVENUE

  total $10,971 · related or exempt $10,971

• 3 · Investment income

  total $709,413 · excluded $709,413

• 7a · Gross sales of assets other than inventory

  securities $1,071,676

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

  securities $1,161,860

• 7c · Gain or loss

  securities -$90,184

• 7d · Net gain or loss

  total -$90,184 · excluded -$90,184

• 8a · Fundraising events: gross income

  $21,210

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

  $58,247

• 8b · Fundraising events: direct expenses

  $35,356

• 8c · Net income from fundraising events

  total -$14,146 · excluded -$14,146

• 9a · Gaming: gross income

  $6,620

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $6,620 · related or exempt $6,620

• 11a · Other revenue: CONSULTING INCOME

  total $112,008 · related or exempt $112,008

• 11b · Other revenue: CAFETERIA INCOME

  total $107,732 · related or exempt $107,732

• 11c · Other revenue: TRANSFER

  total $34,710 · related or exempt $34,710

• 11d · All other revenue

  total $152,904 · related or exempt $152,904

• 11e · Other revenue, total

  $407,354

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,602 · program services $14,602

• 2 · Grants to domestic individuals

  total $5,105,057 · program services $5,105,057

• 5 · Compensation of officers, directors and key employees

  total $1,600,085 · program services $740,051 · management and general $844,021 · fundraising $16,013

• 7 · Other salaries and wages

  total $38,453,358 · program services $32,779,181 · management and general $5,061,507 · fundraising $612,670

• 8 · Pension plan contributions

  total $1,175,035 · program services $983,343 · management and general $173,249 · fundraising $18,443

• 9 · Other employee benefits

  total $4,097,889 · program services $3,429,370 · management and general $604,198 · fundraising $64,321

• 10 · Payroll taxes

  total $2,740,942 · program services $2,293,792 · management and general $404,128 · fundraising $43,022

• 11b · Fees: legal

  total $93,224 · program services $78,016 · management and general $13,745 · fundraising $1,463

• 11f · Fees: investment management

  total $100,308 · program services $83,944 · management and general $14,790 · fundraising $1,574

• 11g · Fees: other

  total $759,699 · program services $635,764 · management and general $112,011 · fundraising $11,924

• 12 · Advertising and promotion

  total $2,867,036 · program services $2,399,316 · management and general $422,719 · fundraising $45,001

• 13 · Office expenses

  total $978,748 · program services $768,650 · management and general $196,069 · fundraising $14,029

• 14 · Information technology

  total $1,224,880 · program services $1,025,056 · management and general $180,598 · fundraising $19,226

• 16 · Occupancy

  total $4,054,014 · program services $3,392,653 · management and general $597,729 · fundraising $63,632

• 17 · Travel

  total $484,861 · program services $405,762 · management and general $71,489 · fundraising $7,610

• 19 · Conferences, conventions and meetings

  total $174,528 · program services $146,056 · management and general $25,733 · fundraising $2,739

• 22 · Depreciation, depletion and amortization

  total $1,162,211 · program services $972,611 · management and general $171,358 · fundraising $18,242

• 23 · Insurance

  total $282,977 · program services $236,813 · management and general $41,722 · fundraising $4,442

• 24a · Other expenses: SHARED COSTS

  total $12,949,770 · program services $10,837,179 · management and general $1,909,330 · fundraising $203,261

• 24b · Other expenses: EDUCATIONAL PROGRAMS

  total $7,081,526 · program services $7,081,526

• 24c · Other expenses: GRADUATION & SUNDRY

  total $232,773 · program services $232,773

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $223,712 · program services $187,216 · management and general $32,984 · fundraising $3,512

• 24e · All other expenses

  total $1,687,422 · program services $1,459,023 · management and general $206,424 · fundraising $21,975

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,534,140 · end of year $2,139,217

• 4 · Accounts receivable

  beginning of year $2,638,015 · end of year $3,001,489

• 7 · Other notes and loans receivable

  beginning of year $3,609,772 · end of year $1,869,703

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $11,460

• 9 · Prepaid expenses and deferred charges

  beginning of year $848,851 · end of year $675,493

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

  $47,932,901

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

  $15,995,418

• 10c · Land, buildings and equipment, net

  beginning of year $29,267,224 · end of year $31,937,483

• 11 · Investments: publicly traded securities

  beginning of year $12,897,414 · end of year $13,778,043

• 15 · Other assets

  beginning of year $31,572,800 · end of year $41,613,257

• 17 · Accounts payable and accrued expenses

  beginning of year $10,526,281 · end of year $8,537,985

• 19 · Deferred revenue

  beginning of year $9,570,022 · end of year $8,339,773

• 20 · Tax-exempt bond liabilities

  beginning of year $14,109,358

• 23 · Secured mortgages and notes payable

  beginning of year $143,260 · end of year $13,313,462

• 25 · Other liabilities

  beginning of year $390,512 · end of year $839,565

• 27 · Net assets without donor restrictions

  beginning of year $54,784,726 · end of year $63,106,844

• 28 · Net assets with donor restrictions

  beginning of year $844,057 · end of year $888,516

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

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