Form 990 for tax year 2023
Filed by TOURO LAW CENTER DEVELOPMENT FOUNDATION INC.
Totals
- Total revenue
- $105,696
- Total expenses
- $29,964
- Contributions and grants received
- $19,526
- Grants paid
- $4,500
- Program service revenue
- $0
- Investment income
- $84,220
- Other revenue
- $1,950
- Total assets, end of year
- $5,506,810
- Total liabilities, end of year
- $593,016
- Net assets or fund balances, end of year
- $4,913,794
- Program services expenses (Part IX)
- $4,500
- Management and general expenses
- $25,464
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,500
Program services were 15.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
PATRICIA SALKIN
TRUSTEE
- Total calculated
- $567,208
- From this org
- $0
- From related orgs
- $454,701
- Other
- $112,507
- Hours/week
- 0.5 + 34.5 related
Schedule J breakdown matched by us
- Base
- $0 + $453,411 related
- Bonus
- $0
- Other
- $0 + $1,290 related
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $96,007 related
- Filer's total
- $0 + $567,208 related
-
ELENA LANGAN
PRESIDENT AND TRUSTEE
- Total calculated
- $387,952
- From this org
- $0
- From related orgs
- $359,469
- Other
- $28,483
- Hours/week
- 0.5 + 34.5 related
Schedule J breakdown matched by us
- Base
- $0 + $355,659 related
- Bonus
- $0
- Other
- $0 + $3,810 related
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $11,983 related
- Filer's total
- $0 + $387,952 related
-
ALAN FUCHSBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HOWARD GLICKSTEIN
TRUSTEE
- Total calculated
- $51,980
- From this org
- $0
- From related orgs
- $42,923
- Other
- $9,057
- 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)
- SCHEDULE J, 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
No itemized grants to organizations 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.
-
501(C)(3) · EDUCATION · NY
-
501(C)(3) · EDUCATION · CA · controlled entity
Directly controlled by TOURO UNIVERSITY
-
501(C)(3) · EDUCATION · NV · controlled entity
Directly controlled by TOURO UNIVERSITY
-
TOURO COLLEGE AND UNIVERSITY SYSTEM IN
501(C)(3) · EDUCATION · NJ · controlled entity
Directly controlled by TOURO UNIVERSITY
-
501(C)(3) · EDUCATION · NY · controlled entity
Directly controlled by TOURO UNIVERSITY
-
RABBI DOV REVEL YESHIVA OF FOREST HILLS
501(C)(3) · EDUCATION · NY · controlled entity
Directly controlled by TOURO UNIVERSITY
-
501(C)(3) · MEMBER NYMC · NY · controlled entity
Directly controlled by TOURO UNIVERSITY
-
501(C)(3) · EDUCATION · NY · controlled entity
Directly controlled by NYMC LLC
-
THE PARTNERSHIP FOR A HEALTHY POPULATION
501(C)(3) · HEALTH STUDY · NY · controlled entity
Directly controlled by TOURO UNIVERSITY
-
TOURO COLLEGE BERLIN GGMBH BERLIN
EDUCATION · GM · controlled entity
Directly controlled by TOURO UNIVERSITY
-
THE BIOTECHNOLOGY INCUBATOR AT NYMC INC
501(C)(3) · RESEARCH · NY · controlled entity
Directly controlled by NYMC LLC
-
501(C)(3) · EDUCATION · IL · controlled entity
Directly controlled by TOURO UNIVERSITY
-
TOURO UNIVERSITY MEDICAL GROUP
501(C)(3) · HEALTH CARE · CA · controlled entity
Directly controlled by TOURO UNIVERSITY CALIFORNIA
-
NYMC-SCHOOL OF MEDICINE FACULTY PRACTICE
501(C)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYMC LLC
-
501(C)(3) · RELIGIOUS · NY · controlled entity
Directly controlled by TOURO UNIVERSITY
-
LOVELACE BIOMEDICAL RESEARCH INSTITUTE
501(C)(3) · CLINICAL TRIAL RESEARCH · NM · controlled entity
Directly controlled by NYMC LLC
-
WEISSMAN HOOD INSTITUTE OF TOURO UNIVERSITY
501(C)(3) · GENETIC RESEARCH · MT · controlled entity
Directly controlled by NYMC LLC
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
-
C · INACTIVE · NY · controlled entity
-
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
-
C · HEALTH CARE · NY · controlled entity
-
C · CLINICAL TRIAL RESEARCH · NM · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521289349304487
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