2018-05-11T17:10:46-05:00 2017-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2016-07-01 200363127 TOURO UNIVERSITY NEVADA % STUART LIPPMANN CONTROLLER TOUR 6465656000 500 SEVENTH AVENUE NEW YORK NY 10018 MELVIN NESS SENIOR VP AND CFO 2124630400 2018-05-02 true MARY-EVELYN ANTOINETTI P00431862 2127589700 2016 2022-09-23 18:48:47Z MELVIN NESS 500 SEVENTH AVENUE NEW YORK NY 10018 52387210 false X HTTP://WWW.TUN.TOURO.EDU/ X 2003 NV TOURO UNIVERSITY NEVADA ("TUN")'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION. (SEE SCHEDULE O) 21 18 713 19 0 1000101 2962971 46149334 47427624 59489 246426 1118541 1601380 48327465 52238401 7035589 3567573 0 0 25473737 27493962 0 0 851876 20799709 20684039 53309035 51745574 -4981570 492827 64546042 70074004 50249069 55284204 14296973 14789800 X TOURO UNIVERSITY NEVADA ("TUN")'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION. (SEE SCHEDULE O) false false 45011451 3567573 48086488 ACADEMIC PROGRAMS: WITHIN THE TOURO SYSTEM, TOURO UNIVERSITY NEVADA, A NEVADA CORPORATION (TUN), ESTABLISHED AS A BRANCH CAMPUS OF TOURO UNIVERSITY (CALIFORNIA,) INCLUDES A COLLEGE OF OSTEOPATHIC MEDICINE AND A COLLEGE OF HEALTH AND HUMAN SERVICES OFFERING VARIOUS PROGRAMS IN THE HEALTH PROFESSIONS AND EDUCATION. DURING THIS FISCAL YEAR TUN GRANTED THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (55); GRADUATE (138); DOCTORAL OR FIRST PROFESSIONAL (252). (SEE SCHEDULE O) 45011451 true true false true false false false true false false true false false true true true true true true false false false false false true false false true true true true false false false false false false false false false true false false false false false true false false false true 296 0 true 713 true false false false false false true true false false false false X 21 18 false false false false true true false true true false false true true true true true true false false false X STUART LIPPMANN CONTROLLER 6065656000 500 7TH AVENUE NEW YORK NY 10018 Menachem Genack Professor/Trustee 1.0 34.0 X 0 78335 243 Alan Kadish President and CEO 2.0 33.0 X X 0 707840 195680 Daniel Lander Trustee & Chancellor 1.0 34.0 X X 0 305785 101910 Abraham Biderman Trustee 0.1 0.9 X 0 0 0 Ben Chouake Trustee 0.1 0.9 X 0 0 0 Allen Fagin Trustee 0.1 0.9 X 0 0 0 Solomon Goldfinger Trustee 0.1 0.9 X 0 0 0 Mark Hasten Chairman/Trustee 1.0 3.5 X 0 0 0 Leah Karfunkel Trustee 0.1 0.9 X 0 0 0 David Lichtenstein Trustee 0.1 0.9 X 0 0 0 Martin Oliner Trustee 0.1 0.9 X 0 0 0 Lawrence Platt Trustee 0.1 0.9 X 0 0 0 Stephen Rosenberg Trustee 0.1 0.9 X 0 0 0 Zvi Ryzman Trustee 0.1 0.9 X 0 0 0 Jack Weinreb Trustee 0.1 0.9 X 0 0 0 Howard Friedman Trustee 0.1 0.9 X 0 0 0 Israel Sendrovic Trustee 0.1 0.9 X 0 0 0 Abraham Gutnicki Trustee 0.1 0.9 X 0 0 0 Shmuel Braun Trustee 0.1 0.9 X 0 0 0 Rabbi Shabsai Wolfe Trustee 0.1 0.9 X 0 0 0 Brian Levinson Trustee 0.1 0.9 X 0 0 0 Melvin Ness Senior VP, CFO 2.0 33.0 X 0 286508 32455 Rochelle Berkley CEO AND SENIOR PROVOST 24.0 11.0 X 471066 0 20612 David Raab Executive VP 7.0 28.0 X 0 323307 26095 Moshe Krupka Executive VP 3.0 32.0 X 0 219948 145190 Michael Newman Secretary, VP and General Coun 5.5 29.5 X 0 197720 69041 Richard Braunstein VP, Deputy General Counsel 5.0 30.0 X 0 222478 29283 Craig Seiden VP, Adminstration West Coast 17.5 17.5 X 213221 0 25952 Raymond W Alden III Provost 35.0 0.0 X 296932 0 0 Jeffrey Rosengarten Senior VP of Oper. & Admin. 2.0 33.0 X 0 276035 2405 John J Dougherty Dean 35.0 0.0 X 357138 0 22181 Andrew Priest Dean 35.0 0.0 X 208922 0 27187 Paul Kalekas Assistant Professor 35.0 0.0 X 196925 0 13227 Ronald Hedger Assistant Dean 35.0 0.0 X 210828 0 24987 Paul Rennie Professor 35.0 0.0 X 215728 0 11486 Scott Harris Professor 35.0 0.0 X 203889 0 9973 Robert Kessler Professor 35.0 0.0 X 185685 0 19482 Mitchell Forman Former Dean 35.0 0.0 X 234622 0 21464 2794956 2617956 798853 70 true true false Kittrell Jensen Contractors LLC 1919 S Jones Blvd LAS VEGAS NV 89146 CONSTRUCTION 354026 JA TIBERTI CONSTRUCTION CO INC 1806 Industrial Road LAS VEGAS NV 89102 CONSTRUCTION 343642 BraINtrust Marketing Communicatio 8948 Spanish Ridge Ave LAS VEGAS NV 89148 MARKETING 290028 Allscripts 24630 Network Place CHICAGO IL 606731246 MEDICAL BILLING 209485 Teg Staffing 2375 Northside Drive Suite 360 SAN DIEGO CA 92108 STAFFING 181487 6 88200 766971 2107800 17479 2962971 STUDENT TUITION/ FEES 611600 45346071 45346071 MEDICAL CLINIC 624100 2081553 2081553 47427624 246426 246426 0 0 848147 848147 0 848147 848147 0 243178 88200 148809 94369 94369 0 0 0 0 0 0 COMPUTER SALES 900004 544810 544810 PARKING CARD FEES 812930 93165 93165 OTHER ANCILLARY INCOME 900099 20889 20889 658864 52238401 48086488 1188942 3364000 3364000 203573 203573 0 0 1878685 1593267 249031 36387 0 21406888 18154665 2837613 414610 575877 488387 76336 11154 2127763 1804504 282048 41211 1504749 1276141 199464 29144 0 38000 32227 5037 736 0 135935 115283 18019 2633 0 0 506760 429771 67174 9815 580116 491982 76898 11236 1095523 941546 135753 18224 1275126 1081403 169026 24697 0 2963969 2513671 392892 57406 432706 366967 57358 8381 0 109224 92631 14478 2115 40951 40951 0 1335435 1132550 177020 25865 90755 76967 12030 1758 SHARED COSTS 7393707 6270424 980081 143202 EDUCATIONAL PROGRAM EXPENSE 2690285 2690285 STUDENT ACTIVITIES 1108613 1108613 GRADUATION AND SUNDRY 194587 194587 692347 588007 91038 13302 51745574 45011451 5882247 851876 4109792 2078956 0 0 203669 1282738 478472 847194 0 0 0 0 332241 1662663 172945 172945 352123 468440 53866495 14872310 38703142 38994185 0 0 0 0 0 0 0 0 20193658 24566883 64546042 70074004 6581658 5814128 0 0 8345690 14398356 24735934 24491402 0 0 0 0 10585787 10237818 0 0 0 342500 50249069 55284204 X 13592537 12660610 704436 2129190 0 0 14296973 14789800 64546042 70074004 492827 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 135935 false false 135935 false PART II-B, LINE 1(G) THE UNIVERSITY HIRED LOBBYISTS TO ASSIST IN OBTAINING GRANTS AND APPROVALS FROM FEDERAL AND STATE AGENCIES TO ENHANCE THE FACILITIES AND PROGRAMS OF THE UNIVERSITY. THE UNIVERSITY OR ITS REPRESENTATIVES MAY MEET WITH LEGISLATORS TO DISCUSS CERTAIN GRANTS. 22000 X X false 7731137 7731137 40400874 10255259 30145615 4606370 3817484 788886 1128114 799567 328547 38994185 DUE FROM TOURO UNIVERSITY 1951943 DUE FROM TOURO COLLEGE 17677174 ARTWORK 22000 SECURITY DEPOSITS 6515 BOND ESCROW 4909251 24566883 0 STUDENT DEPOSITS 342500 342500 X 52183637 148809 148809 52034828 203573 203573 52238401 51690810 148809 148809 51542001 203573 203573 51745574 SCHEDULE D, PART III, LINE 4 ARTWORK IS USED TO BEAUTIFY THE FACILITIES TO ENHANCE STUDENT AND FACULTY ACCEPTANCE OF THEIR SURROUNDINGS. THE VALUE OF THE COLLECTION IS $22,000. SCHEDULE D, PART X, LINE 2 UNCERTAINTY IN TAX POSITIONS THE UNIVERSITY SUBSCRIBES TO A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2017 THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D Reclass of fundraising expenses 148,809 Schedule D, Part XI, Line 4b RECLASS OF SCHOLARSHIPS & GRANTS 203,573 Schedule D, Part XII, Line 2d Reclass of fundraising expenses 148,809 FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASS OF SCHOLARSHIPS & GRANTS 203,573 true true true true true true true false false false false false false false false true false true Schedule E, part I, line 3 NONDISCRIMINATORY POLICY BROCHURES AND CATALOGS DISTRIBUTED TO STUDENTS AND RECRUITMENT ADVERTISEMENTS IN JOURNALS AND NEWSPAPERS, AS WELL AS ON TV, INTERNET AND THE RADIO CONTAIN STATEMENTS WITH RESPECT TO TOURO UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID University reported Government Contributions (Grant) of $766,971 relate to Grants from the Government for Research and Facility Improvements. Additionally, Students attending University may be eligible for Federal Financial Aid including student loans, Pell and other Grants. GALA 276087 72900 203187 4406 98735 9984 FUNDRAISER 55291 15300 39991 8916 20124 6644 0 331378 88200 243178 13322 118859 16628 148809 94369 true TOURO COLLEGE 500 7TH AVENUE NEW YORK NY 10018 132676570 501(C)(3) 3364000 BOOK RECEIVABLE FORGIVEN RECEIVABLE FORGIVEN 1 0 SCHOLARSHIPS 97 203573 MONITORING GRANTS SCHEDULE I, Part I, Line 2 SINCE ITS INCEPTION, MANAGEMENT REVIEWS REQUESTS FOR GRANTS. TOURO UNIVERSITY NEVADA MONITORS ALL REQUESTS FOR USE OF GRANT FUNDS AGAINST THE SUBMITTED BUDGETS FOR THE RESPECTIVE GRANTS. PRIOR TO SUBMISSION OF REQUESTS FOR REIMBURSEMENT, ADDITIONAL REVIEW OF EXPENDED FUNDS IS PERFORMED TO ENSURE COMPLIANCE WITH GRANT AND UNIVERSITY GUIDELINES.STUDENTS ARE AWARDED TUITION DISCOUNTS BASED ON VARIOUS CRITERIA. THE DISCOUNTS ARE CREDITED TO THE STUDENT'S ACCOUNTS. X false true false false false false false false false false false Alan Kadish President and CEO 707840 0 24842 0 170838 0 903520 0 0 Daniel Lander Trustee & Chancellor 305785 0 2756 0 99154 0 407695 0 0 Melvin Ness Senior VP, CFO 286508 0 0 0 13250 0 19205 0 318963 0 0 Rochelle Berkley CEO AND SENIOR PROVOST 397066 0 50000 0 24000 0 18207 0 2405 0 491678 0 0 0 David Raab Executive VP 0 323307 0 0 0 0 0 25161 0 934 0 349402 0 0 Moshe Krupka Executive VP 219948 0 0 9498 0 135692 0 365138 0 0 Michael Newman Secretary, VP and General Coun 197720 0 11003 0 58038 0 266761 0 0 Richard Braunstein VP, Deputy General Counsel 222478 0 11733 0 17550 0 251761 0 0 Craig Seiden VP, Adminstration West Coast 213221 10593 0 15359 0 239173 0 0 0 Raymond W Alden III Provost 296932 0 0 0 0 296932 0 0 0 Mitchell Forman Former Dean 234622 11763 0 9701 0 256086 0 0 0 John J Dougherty Dean 357138 11442 0 10739 0 379319 0 0 0 Andrew Priest Dean 208922 11000 0 16187 0 236109 0 0 0 Paul Kalekas Assistant Professor 196925 8296 0 4931 0 210152 0 0 0 Ronald Hedger Assistant Dean 210828 9791 0 15196 0 235815 0 0 0 Paul Rennie Professor 215728 0 0 11486 0 227214 0 0 0 Scott Harris Professor 203889 0 0 9973 0 213862 0 0 0 Robert Kessler Professor 185685 8962 0 10520 0 205167 0 0 0 Jeffrey Rosengarten Senior VP of Oper. & Admin. 276035 0 0 0 2405 0 278440 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE CEO & SENIOR PROVOST IS PROVIDED HOUSING AS A TAXABLE BENEFIT. THE VALUE OF THE HOUSING BENEFIT IS INCLUDED AS OTHER REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN B(III). SCHEDULE J, PART I, LINE 1B APPROVAL FOR BENEFITS THE BENEFITS PROVIDED TO THE PRESIDENT ARE APPROVED BY THE COMPENSATION COMMITEE OF THE BOARD. BENEFITS PROVIDED TO THE OFFICERS ARE APPROVED BY THE PRESIDENT. A CITY OF HENDERSON NEVADA PIT SERIES 2014A 886044935 42521RAU6 2014-06-26 25843908 CONSTRUCTION & REFUND 2010 BOND false false false A 600000 0 25902335 1838348 0 0 512934 0 0 1166115 21524451 860487 true false false true A false false false false 0.00350 0.00350 false false false true A false true true false false false 0 false 0 false true A true PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS/MARKET VALUE FLUCTUATIONS. PART II, LINE 11 OTHER SPENT PROCEEDS THE ENTIRE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN A WAS A CURRENT REFUNDING OF CITY OF HENDERSON NEVADA PUBLIC IMPROVEMENTS BOND ISSUED 03/23/2010. SUBSTANTIAL CONTRIBUTOR 29 SUBSTANTIAL CONTRIBUTOR 354026 CONSTRUCTION SERVICES false FORM 990 PART I, LINE 1 AND PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: Touro University Nevada ("TUN") WHICH OFFERS A FOUR YEAR PROGRAM LEADING TO A DEGREE OF DOCTOR OF OSTEOPATHIC MEDICINE AND PROGRAMS LEADING TO BACHELORS AND MASTERS DEGREES IN PHYSICIAN ASSISTANT, NURSING, OCCUPATIONAL AND PHYSICAL THERAPY AND EDUCATION. FORM 990, PART III, LINE 4A ACADEMIC SUPPORT: TOURO COLLEGE HAS PROVIDED ACADEMIC SUPPORT AND ADMINISTRATIVE SUPPORT TO TOURO UNIVERSITY SINCE INCEPTION. FROM TIME TO TIME TUN PROVIDES SUPPORT FOR ACADEMIC PROGRAMS OF TOURO COLLEGE. DURING THIS REPORTING YEAR, THE BOARD OF TUN VOTED TO FORGIVE A PORTION OF THE RECEIVABLE FROM TOURO COLLEGE THAT HAD ARISEN OVER THE YEARS IN THE CONTEXT OF ACADEMIC SUPPORT AND THAT FORGIVENESS ($3,364,000) IS REPORTED AS A GRANT TO TOURO COLLEGE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF ORGANIZATION TOURO COLLEGE IS THE SOLE MEMBER OF THE FILING ENTITY. FORM 990, PART VI, SECTION A, LINE 7A TOURO COLLEGE IS THE SOLE MEMBER OF THE FILING ENTITY. AS SUCH, TOURO COLLEGE ELECTS ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE TUN FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE CONTROLLER, OFFICERS, AND THE AUDIT COMMITTEE OF THE BOARD OF THE ORGANIZATION THEN REVIEW THE FORM 990. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE ANNUAL BOARD QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF CONFLICT INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL. OUR POLICIES REQUIRE THAT TRUSTEES, OFFICERS, AND KEY EMPLOYEES NOTIFY TOURO ANY TIME CONFLICTS OF INTEREST ARISE. IN THE EVENT THERE IS A CONFLICT OF INTEREST, OR AN APPEARANCE OF A CONFLICT OF INTEREST, THE INDIVIDUAL MUST RECUSE THEMSELVES FROM ANY DISCUSSIONS OR DECISIONS CONCERNING THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND RELATED INFORMATION ARE MADE AVAILABLE TO THE PUBLIC, CERTAIN GOVERNING POLICIES ARE INCLUDED ON THE TOURO UNIVERSITY WEBSITE; HOWEVER ITS CONFLICT OF INTEREST POLICY IS NOT MADE PUBLIC. THE ANNUAL FINANCIAL STATEMENTS ARE FILED ON THE ELECTRONIC MUNICIPAL ACCESS SYSTEM (EMMA) WHERE THEY ARE AVAILABLE TO THE PUBLIC. 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