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Nonprofiteer
← THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND

Form 990 for tax year 2024

Filed by THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND.

Totals

Total revenue
$1,943,508,000
Total expenses
$1,755,227,000
Contributions and grants received
$377,281,000
Grants paid
$273,316,000
Program service revenue
$1,342,004,000
Investment income
$223,443,000
Other revenue
$780,000
Total assets, end of year
$4,622,624,000
Total liabilities, end of year
$1,517,104,000
Net assets or fund balances, end of year
$3,105,520,000
Program services expenses (Part IX)
$1,511,681,000
Management and general expenses
$208,614,000
Fundraising expenses
$34,932,000
Program service expenses (Part III)
$1,511,681,000

Program services were 86.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $511,000

  • 1c · Fundraising events

    $2,145,000

  • 1d · Related organizations

    $4,303,000

  • 1e · Government grants (contributions)

    $200,837,000

  • 1f · All other contributions, gifts and grants

    $169,485,000

  • 1g · Noncash contributions included above

    $32,736,000

  • 2a · Program service revenue: Tuition and fees

    total $775,401,000 · related or exempt $775,401,000 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Medical Group Practice Plane and other

    total $318,976,000 · related or exempt $318,976,000 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Affiliated Hospital Agreements

    total $72,025,000 · related or exempt $72,025,000 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Auxiliary Enterprises

    total $97,957,000 · related or exempt $97,201,000 · unrelated business $756,000 · excluded $0

  • 2f · All other program service revenue

    total $77,645,000 · related or exempt $76,636,000 · unrelated business $1,009,000 · excluded $0

  • 3 · Investment income

    total $51,773,000 · related or exempt $0 · unrelated business $10,957,000 · excluded $40,816,000

  • 4 · Income from investment of tax-exempt bond proceeds

    total $4,245,000 · related or exempt $0 · unrelated business $0 · excluded $4,245,000

  • 5 · Royalties

    total $1,109,000 · related or exempt $0 · unrelated business $0 · excluded $1,109,000

  • 6a · Gross rents

    real property $1,018,000 · personal property $0

  • 6b · Less rental expenses

    real property $344,000 · personal property $0

  • 6c · Rental income or loss

    real property $674,000 · personal property $0

  • 6d · Net rental income or loss

    total $674,000 · related or exempt $428,000 · unrelated business $246,000 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $394,388,000 · other assets $0

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

    securities $226,963,000 · other assets $0

  • 7c · Gain or loss

    securities $167,425,000 · other assets $0

  • 7d · Net gain or loss

    total $167,425,000 · related or exempt $0 · unrelated business $0 · excluded $167,425,000

  • 8a · Fundraising events: gross income

    $114,000

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

    $2,145,000

  • 8b · Fundraising events: direct expenses

    $1,475,000

  • 8c · Net income from fundraising events

    total -$1,361,000 · unrelated business $0 · excluded -$1,361,000

  • 11a · Other revenue: Child Care

    total $294,000 · related or exempt $0 · unrelated business $294,000 · excluded $0

  • 11b · Other revenue: Alumni Life

    total $64,000 · related or exempt $0 · unrelated business $64,000 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $358,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,406,000 · program services $25,406,000

  • 2 · Grants to domestic individuals

    total $245,479,000 · program services $245,479,000

  • 3 · Grants to foreign organizations and individuals

    total $2,431,000 · program services $2,431,000

  • 5 · Compensation of officers, directors and key employees

    total $11,781,000 · program services $1,494,000 · management and general $7,786,000 · fundraising $2,501,000

  • 6 · Compensation of disqualified persons

    total $570,000 · program services $0 · management and general $570,000 · fundraising $0

  • 7 · Other salaries and wages

    total $666,811,000 · program services $579,321,000 · management and general $70,082,000 · fundraising $17,408,000

  • 8 · Pension plan contributions

    total $39,210,000 · program services $31,265,000 · management and general $6,667,000 · fundraising $1,278,000

  • 9 · Other employee benefits

    total $64,847,000 · program services $51,708,000 · management and general $11,026,000 · fundraising $2,113,000

  • 10 · Payroll taxes

    total $46,751,000 · program services $37,278,000 · management and general $7,949,000 · fundraising $1,524,000

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $6,689,000 · program services $1,728,000 · management and general $4,950,000 · fundraising $11,000

  • 11c · Fees: accounting

    total $732,000 · program services $161,000 · management and general $571,000 · fundraising $0

  • 11d · Fees: lobbying

    total $639,000 · program services $639,000 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $210,000 · fundraising $210,000

  • 11f · Fees: investment management

    total $32,800,000 · program services $32,800,000 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $57,968,000 · program services $44,824,000 · management and general $11,082,000 · fundraising $2,062,000

  • 12 · Advertising and promotion

    total $21,047,000 · program services $11,370,000 · management and general $9,358,000 · fundraising $319,000

  • 13 · Office expenses

    total $10,475,000 · program services $4,487,000 · management and general $4,931,000 · fundraising $1,057,000

  • 14 · Information technology

    total $29,580,000 · program services $14,468,000 · management and general $14,051,000 · fundraising $1,061,000

  • 15 · Royalties

    total $650,000 · program services $527,000 · management and general $123,000 · fundraising $0

  • 16 · Occupancy

    total $74,911,000 · program services $50,181,000 · management and general $24,730,000 · fundraising $0

  • 17 · Travel

    total $29,765,000 · program services $25,799,000 · management and general $2,670,000 · fundraising $1,296,000

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $27,873,000 · program services $22,114,000 · management and general $2,028,000 · fundraising $3,731,000

  • 20 · Interest

    total $41,173,000 · program services $36,180,000 · management and general $4,993,000 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $71,191,000 · program services $62,558,000 · management and general $8,633,000 · fundraising $0

  • 23 · Insurance

    total $8,564,000 · program services $6,371,000 · management and general $2,190,000 · fundraising $3,000

  • 24a · Other expenses: Supplies

    total $44,736,000 · program services $42,670,000 · management and general $1,948,000 · fundraising $118,000

  • 24b · Other expenses: Equipment maintenance and Rental

    total $15,086,000 · program services $9,994,000 · management and general $4,954,000 · fundraising $138,000

  • 24c · Other expenses: Laboratory Expenses

    total $81,761,000 · program services $81,574,000 · management and general $187,000 · fundraising $0

  • 24e · All other expenses

    total $96,091,000 · program services $88,854,000 · management and general $7,135,000 · fundraising $102,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,988,000 · end of year $25,093,000

  • 2 · Savings and temporary cash investments

    beginning of year $11,230,000 · end of year $11,230,000

  • 3 · Pledges and grants receivable

    beginning of year $145,665,000 · end of year $167,059,000

  • 4 · Accounts receivable

    beginning of year $82,857,000 · end of year $123,461,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $12,327,000 · end of year $10,269,000

  • 8 · Inventories for sale or use

    beginning of year $368,000 · end of year $193,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,728,000 · end of year $36,836,000

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

    $2,708,195,000

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

    $1,096,739,000

  • 10c · Land, buildings and equipment, net

    beginning of year $1,479,132,000 · end of year $1,611,456,000

  • 11 · Investments: publicly traded securities

    beginning of year $394,341,000 · end of year $382,010,000

  • 12 · Investments: other securities

    beginning of year $1,859,183,000 · end of year $2,068,925,000

  • 13 · Investments: program-related

    beginning of year $159,508,000 · end of year $70,846,000

  • 15 · Other assets

    beginning of year $111,469,000 · end of year $115,246,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $176,360,000 · end of year $183,540,000

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $91,127,000 · end of year $95,694,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $659,835,000 · end of year $647,125,000

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $308,583,000 · end of year $399,018,000

  • 25 · Other liabilities

    beginning of year $210,176,000 · end of year $191,727,000

  • 27 · Net assets without donor restrictions

    beginning of year $652,919,000 · end of year $693,490,000

  • 28 · Net assets with donor restrictions

    beginning of year $2,213,796,000 · end of year $2,412,030,000

Mission and programs · 2024

Mission

Higher Education, Research and Public Service.

Activities or mission (Part I)

Higher Education, Research, Public Service

  • Higher Education: Operation of a Private University: This category includes expenditures for all activities that are part of the institutions instruction program. Expenditures for credit and non-credit courses, for academic, occupational, and vocational instruction and for regular, special and extended sessions are included. The instruction program encompasses 14,664 students participating in undergraduate, graduate, and professional degree programs in the fields of liberal arts, science and engineering, architecture, business, law, social work, medicine and public health and tropical medicine. Also included in this category are all forms of student aid and expenditures for the education and support of students.

    Expenses $1,147,957,000 · Grants $245,479,000 · Revenue $1,603,809,000

  • Higher Education: Public Service: This category includes all expenditures for the public service component of the academic mission of the university. Public service is a core requirement of the undergraduate curriculum. Note that some of the sponsored activities included in the Organized Research achievement could also be described as Public Service. These include the operation of medical and law clinics that serve the underprivileged, and certain development work overseas. (14,664 students)

    Expenses $62,960,000 · Revenue $4,203,000

  • Higher Education: Organized Research: This category includes all expenditures for all activities that are part of the university's research program, which includes activities specifically organized to produce research outcomes, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. Subject to those conditions, it includes expenditures for individual and/or project research as well as those of institutes and research centers (over 1,000 Federal and State awards).

    Expenses $199,187,000 · Revenue $196,634,000

  • Higher Education: Auxiliary Enterprises: This category includes services that support educational activities and athletic expenditures. Services include bookstore, student housing, vending and food administration and campus recreation. (14,387 students)

    Expenses $101,577,000 · Revenue $97,957,000

As filed on the 2024 return.

Listed in Part VII

  • Jonathan Sumrall

    Head Football Coach

    Total calculated
    $3,081,000
    From this org
    $3,017,000
    From related orgs
    $0
    Other
    $64,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $537,000
    Bonus
    $0
    Other
    $2,480,000
    Deferred
    $35,000
    Nontaxable benefits
    $29,000
    Filer's total
    $3,081,000

  • Michael Fitts

    President

    Total calculated
    $2,851,000
    From this org
    $2,460,000
    From related orgs
    $0
    Other
    $391,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,835,000
    Bonus
    $400,000
    Other
    $226,000
    Deferred
    $368,000
    Nontaxable benefits
    $22,000
    Filer's total
    $2,851,000

  • Richard Chau

    Chief Investment Officer

    Total calculated
    $2,005,000
    From this org
    $1,717,000
    From related orgs
    $0
    Other
    $288,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $647,000
    Bonus
    $1,017,000
    Other
    $53,000
    Deferred
    $288,000
    Nontaxable benefits
    $0
    Filer's total
    $2,005,000

  • Dr John Thompson Jr

    Physician

    Total calculated
    $1,457,000
    From this org
    $1,393,000
    From related orgs
    $0
    Other
    $64,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,000
    Bonus
    $1,055,000
    Other
    $66,000
    Deferred
    $35,000
    Nontaxable benefits
    $29,000
    Filer's total
    $1,457,000

  • Patrick Norton

    COO and Treasurer of the University

    Total calculated
    $1,351,000
    From this org
    $1,032,000
    From related orgs
    $0
    Other
    $319,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $871,000
    Bonus
    $100,000
    Other
    $60,000
    Deferred
    $227,000
    Nontaxable benefits
    $93,000
    Filer's total
    $1,351,000

  • Ronald Hunter

    Head Basketball Coach

    Total calculated
    $1,348,000
    From this org
    $1,292,000
    From related orgs
    $0
    Other
    $56,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,000
    Bonus
    $40,000
    Other
    $991,000
    Deferred
    $34,000
    Nontaxable benefits
    $22,000
    Filer's total
    $1,348,000

  • Dr Aaron Dumont

    Physician

    Total calculated
    $1,302,000
    From this org
    $1,250,000
    From related orgs
    $0
    Other
    $52,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,000
    Bonus
    $953,000
    Other
    $56,000
    Deferred
    $31,000
    Nontaxable benefits
    $21,000
    Filer's total
    $1,302,000

  • Jamil Borgi

    Associate Professor of Surgery

    Total calculated
    $1,161,000
    From this org
    $1,139,000
    From related orgs
    $0
    Other
    $22,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,000
    Bonus
    $974,000
    Other
    $27,000
    Deferred
    $0
    Nontaxable benefits
    $22,000
    Filer's total
    $1,161,000

  • Dr L Hamm

    Senior VP and Dean of Medicine

    Total calculated
    $1,030,000
    From this org
    $971,000
    From related orgs
    $0
    Other
    $59,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $855,000
    Bonus
    $50,000
    Other
    $66,000
    Deferred
    $35,000
    Nontaxable benefits
    $24,000
    Filer's total
    $1,030,000

  • Robin Forman

    Senior VP for Academic Affairs and Provost

    Total calculated
    $1,004,000
    From this org
    $947,000
    From related orgs
    $0
    Other
    $57,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $812,000
    Bonus
    $75,000
    Other
    $60,000
    Deferred
    $35,000
    Nontaxable benefits
    $22,000
    Filer's total
    $1,004,000

  • Virginia Wise

    Senior VP for Advancement

    Total calculated
    $873,000
    From this org
    $748,000
    From related orgs
    $0
    Other
    $125,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $612,000
    Bonus
    $75,000
    Other
    $60,000
    Deferred
    $35,000
    Nontaxable benefits
    $91,000
    Filer's total
    $873,000

  • Victoria Johnson

    General Counsel

    Total calculated
    $783,000
    From this org
    $733,000
    From related orgs
    $0
    Other
    $50,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $650,000
    Bonus
    $50,000
    Other
    $33,000
    Deferred
    $35,000
    Nontaxable benefits
    $15,000
    Filer's total
    $783,000

  • Elizabeth Brown-Aigeldinger

    Secretary of the University

    Total calculated
    $633,000
    From this org
    $573,000
    From related orgs
    $0
    Other
    $60,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $462,000
    Bonus
    $50,000
    Other
    $60,000
    Deferred
    $35,000
    Nontaxable benefits
    $26,000
    Filer's total
    $633,000

  • Ian Morrison

    Vice President of Public Relations and Chief Communications Officer

    Total calculated
    $486,000
    From this org
    $419,000
    From related orgs
    $0
    Other
    $67,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,000
    Bonus
    $50,000
    Other
    $16,000
    Deferred
    $35,000
    Nontaxable benefits
    $33,000
    Filer's total
    $486,000

  • Shawn Abbott

    Vice President of Enrollment Management

    Total calculated
    $482,000
    From this org
    $473,000
    From related orgs
    $0
    Other
    $9,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,000
    Bonus
    $20,000
    Other
    $83,000
    Deferred
    $0
    Nontaxable benefits
    $9,000
    Filer's total
    $482,000

  • Jonathan Small

    Vice President of Human Resources and Institutional Equity

    Total calculated
    $416,000
    From this org
    $359,000
    From related orgs
    $0
    Other
    $57,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,000
    Bonus
    $15,000
    Other
    $60,000
    Deferred
    $35,000
    Nontaxable benefits
    $22,000
    Filer's total
    $416,000

  • James Wandling

    University Controller

    Total calculated
    $369,000
    From this org
    $323,000
    From related orgs
    $0
    Other
    $46,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,000
    Bonus
    $17,000
    Other
    $38,000
    Deferred
    $32,000
    Nontaxable benefits
    $14,000
    Filer's total
    $369,000

  • James Porter

    Vice President Student Affairs

    Total calculated
    $211,000
    From this org
    $204,000
    From related orgs
    $0
    Other
    $7,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,000
    Bonus
    $50,000
    Other
    $9,000
    Deferred
    $0
    Nontaxable benefits
    $6,000
    Filer's total
    $211,000

  • Sarah Cunningham

    Vice President, Student Affairs

    Total calculated
    $199,000
    From this org
    $195,000
    From related orgs
    $0
    Other
    $4,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,000
    Bonus
    $0
    Other
    $51,000
    Deferred
    $0
    Nontaxable benefits
    $5,000
    Filer's total
    $199,000

  • Dr Steven Paul

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Donald Peters Jr

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Irwin Simon

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Ann Tenenbaum

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Michael Corasaniti

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Glenn Darden

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Michelle Diener

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Arnold Donald

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Timothy Francis

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Suzanne Grant

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Lisa Jackson

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Jennifer Kottler

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Barry Malkin

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • William Marko

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • David Mussafer

    Chair

    Total calculated
    $0
    Hours/week
    0

  • Elizabeth Alexander

    Vice Chair

    Total calculated
    $0
    Hours/week
    0

  • Regina Benjamin

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Richard Lerner

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Martha Murphy

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Mark Tipton

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Dr Trivia Frazier

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Kim Boyle

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Michael Rubenstein

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Kate Williamson

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • David Zhang

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Jeffrey B Goldring

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Carol Bernick

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Albert Small Jr

    Vice Chair

    Total calculated
    $0
    Hours/week
    0

  • Shannon Acks

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • J David Barksdale

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Christopher Britt

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Marcus Brown

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Mark A Fogelman

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Thomas E Jorden

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Dennis Lauscha

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • Rick S Rees

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

  • E Pierce Marshall Jr

    Voting Board Member

    Total calculated
    $0
    Hours/week
    0

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

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
The Board approved the President's first class travel via Board Resolution in order to assure security and availability.
Schedule J, Part I, Line 5
The physicians listed on Schedule J are part of the Tulane University Medical Group Faculty Practice Plan which has a fixed formula for incentive compensation based entirely on clinical revenues. The Chief Investment Officer has a compensation plan based on endowment investment return.
Schedule J, Part I, Line 6
The physicians listed on Schedule J are part of the Tulane University Medical Group Faculty Practice Plan which has a fixed formula for incentive compensation based entirely on clinical revenues.
Schedule J, Part I, Line 7
Several of the officers listed on Schedule J received non-fixed payments based on merit and performance during the year.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TULANE INTERNATIONAL LLC

    INTERNATIONAL PROGRAM ADMINISTRATION · LA · income $1,508,000 · assets $1,682,000

  • RIVERSPHERE I LLC

    REAL ESTATE OWNERSHIP · LA · income $205,000 · assets $2,269,000

  • RIVERSPHERE II LLC

    REAL ESTATE OWNERSHIP · LA · income $49,000 · assets $1,124,000

  • SQUARE 245 LLC

    REAL ESTATE OWNERSHIP · LA · income $0 · assets $11,000

  • TULANE LIVING WELL LLC

    QUALITY CARE NETWORK · LA · income $1,137,000 · assets $1,785,000

  • TULANE CARY LAND LLC

    Real Estate Ownership · LA · income $0 · assets $14,000

  • TULANE CARY WORKING INTERESTS LLC

    Oil investment holdings · LA · income $7,000 · assets $8,000

  • TULANE CARY ROYALTY LLC

    Oil Royalty Interests · LA · income $17,000 · assets $13,000

  • TULANE QUALITY CARE NETWORK LLC

    Physician Support · LA · income $0 · assets $0

  • TULANE PHARMACY LLC

    OUTPATIENT SPECIALTY PHARMACY · LA · income $39,558,000 · assets $8,956,000

  • TULANE UNIVERSITY CAMPUS HEALTH

    EIN for billing only, not operational · LA · income $0 · assets $0

  • TULANE INNOVATION INSTITUTE LLC

    INNOVATION ACTIVITIES · LA · income $0 · assets $0

  • TULANE VENTURES GP LLC

    GENERAL PARTNER IN TULANE INNOVATION FUND 1, LP · DE · income $0 · assets $0

Related corporations and trusts

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

  • CHARITABLE REMAINDER AND OTHER TRUSTS (30) C/O TULANE UNIVERSITY

    T · CHARITABLE REMAINDER TRUSTS · LA · 0% owned

  • WARWICK APARTMENTS Inc

    C · RESIDENCES · LA · 100% owned · controlled entity

    Directly controlled by Administrators of Tulane Educational Fund

  • OLIVE AND BLUE INSURANCE COMPANY LTD

    C · Captive insurance entity. · CJ · 100% owned

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.0
Source object
202601359349303230

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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