2017-05-15T16:55:36-05:00 2016-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2015-07-01 132676570 TOURO COLLEGE % STUART LIPPMAN CONTROLLER TOUR 6465656000 500 Seventh Avenue NEW YORK NY 10018 MELVIN NESS Senior VP and CFO 2124630400 2017-05-15 true MARY-EVELYN ANTONETTI P00431862 2127589700 2015 2021-01-29 14:40:06Z MELVIN NESS 500 7TH AVE NEW YORK NY 10018 299186312 false X WWW.TOURO.EDU X 1970 NY SEE SCHEDULE O. 21 16 4756 50 8295 6455 38983628 19730763 190711360 232934830 1377551 9543872 27364004 20788232 258436543 282997697 6865440 35947290 0 0 140245417 151124225 0 0 1358434 95173212 95064981 242284069 282136496 16152474 861201 359149655 349657490 191440362 181781979 167709293 167875511 X SEE SCHEDULE O. false false 244376618 35947290 252871490 ACADEMIC SUPPORT: WITHIN THE TOURO SYSTEM, TOURO COLLEGE PROVIDED EDUCATION, PRIMARILY IN THE NEW YORK CITY METROPOLITAN AREA, TO APPROXIMATELY 13,500 UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS DURING THE FISCAL YEAR IN VARIOUS FIELDS OF STUDY, INCLUDING LAW, MEDICINE AND OTHER HEALTHCARE FIELDS, GRANTING THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (2,064); GRADUATE (1,992); DOCTORAL OR FIRST PROFESSIONAL (420). SEE SCHEDULE O. 244376618 true true false true false false false true false true true false false true true true false true true true true true false false true false false true true true true false false false false false true false true true false true false false false true true true true false false true X 561 0 true 4756 true true true true FR GM IS false false false true true false false false false X 21 16 true false false false false false false true true false true true true true true true true true true false false NY X STUART LIPPMAN CONTROLLER 6465656026 500 SEVENTH AVENUE NEW YORK NY 10018 X Abraham Biderman Trustee 0.8 0.2 X 0 0 0 Alan Kadish President and CEO 18.0 17.0 X X 678234 0 135961 Allen Fagin Trustee 0.8 0.2 X 0 0 0 Ben Chouake Trustee 0.4 0.6 X 0 0 0 Daniel Lander Trustee & Chancellor 3.0 32.0 X X 0 248138 134177 David Lichtenstein Trustee 0.7 0.3 X 0 0 0 Mark Hasten Chairman/Trustee 1.0 3.5 X 0 0 0 Howard Friedman Trustee 1.0 0.0 X 0 0 0 Israel Sendrovic Trustee 1.0 0.0 X 0 0 0 Jack Weinreb Trustee 0.8 0.2 X 0 0 0 Lawrence Platt Trustee 0.8 0.2 X 0 0 0 Leah Karfunkel Trustee 0.5 0.5 X 0 0 0 Martin Oliner Trustee 0.5 0.5 X 0 0 0 Menachem Genack Trustee and Faculty 4.0 1.0 X 28711 48885 3825 Solomon Goldfinger Trustee 0.8 0.2 X 0 0 0 Stephen Rosenberg Trustee 0.9 0.1 X 0 0 0 Zvi Ryzman Trustee 1.0 0.0 X 0 0 0 Abraham Gutnicki Trustee START 7/01/2015 1.0 0.0 X 0 0 0 Shmuel Braun Trustee START 7/01/2015 1.0 0.0 X 0 0 0 Shabsai Wolfe Trustee START 7/01/2015 1.0 0.0 X 0 0 0 Brian Levinson Trustee START 7/01/2015 1.0 0.0 X 0 0 0 Matthew Bonilla VP of Student Services 21.0 14.0 X 220062 0 30712 Stanley Boylan VP of Undergraduate Education 34.0 1.0 X 119803 0 61416 Richard Braunstein VP, Deputy General Counsel 23.0 12.0 X 221578 0 21240 Alan Ciner VICE PRESIDENT 35.0 0.0 X 125566 0 54417 Robert Goldschmidt VP of Planning & Assessment 35.0 0.0 X 154280 0 41398 Nadja Graff Vice President 35.0 0.0 X 229553 0 11008 Moshe Krupka Executive VP 18.0 17.0 X 184222 0 124594 Henry Rubin START 7012015 VP, Institutional Advancement 28.0 7.0 X 102846 0 0 Melvin Ness Senior VP, CFO 25.0 10.0 X 281838 0 32435 Michael Newman SEC, SR. VP, & GENERAL COUNSEL 24.0 11.0 X 194904 0 72016 David Raab Executive VP 14.0 21.0 X 25872 282998 41366 Alan Schoor Senior VP of Oper. & Admin. 29.0 6.0 X 119171 0 31499 Jay Sexter VP of National Affairs 35.0 0.0 X 256736 0 9693 Israel Singer VP 35.0 0.0 X 123439 0 13568 Eva Spinelli VP of Community Education 35.0 0.0 X 159373 0 14572 Franklin Steen VP of Technology 29.0 6.0 X 228091 0 33129 Marian Stoltz-Loike VP, Online Education 35.0 0.0 X 194561 0 5737 Jeffrey Rosengarten START 70115 Senior VP of Oper. & Admin. 29.0 6.0 X 126902 0 812 Robert Goldberg Dean of TouroCom 35.0 0.0 X 401165 0 25417 Lamar Miller Dean of School of Education 35.0 0.0 X 149344 0 12474 Louis Primavera Dean, School of Health & Scien 35.0 0.0 X 248812 0 11402 Patricia Salkin PROVOST GRAD. & PROF. SCHOOLS 34.5 0.5 X 288477 0 70589 Arnold Spinner Dean 35.0 0.0 X 155422 0 7534 Arthur Prancan Associate Professor 20.0 15.0 X 291701 0 4708 Steven Huberman Dean 35.0 0.0 X 220228 0 32031 Harold Abramson Professor 35.0 0.0 X 253260 0 19328 Kenneth Steier Dean 35.0 0.0 X 318139 0 20199 Richard Klein Professor 35.0 0.0 X 263049 0 15826 Lawrence Raful Professor 35.0 0.0 X 202658 0 27373 6567997 580021 1120456 196 true true false SECURITAS SECURITY SERVICES USA PO BOX 403412 ATLANTA GA 30384 SECURITY GUARDS 2818393 ALL PRO DESIGN CONSTRUCTION 970 MORRIS PARK AVE BRONX NY 10462 GENERAL CONTRACTOR 1061121 JOHN DOYLE 30 BURNT RIDGE RD LIBERTY NY 12754 GENERAL CONTRACTOR 374827 FISHNET SECURITY 3701 SOLUTIONS CNTR CHICAGO IL 60677 SECURITY 276115 MCGRAW HILL WELLS FARGO BANK NA LOCKBOX 6167 PHILADELPHIA PA 191786167 EDUCATIONAL 267598 31 109857 11475000 4094132 4051774 12510182 19730763 Student Tuition/ Fees 611600 232934830 232934830 232934830 296230 8295 287935 0 0 780621 780621 0 780621 780621 10092742 15242745 11436067 4651778 -1343325 10590967 9247642 9247642 171721 109857 100770 70951 70951 0 0 Academic Support 900099 16614928 16614928 DORM FEES 900099 2357455 2357455 OTHER REVENUE 900099 964277 964277 19936660 282997697 252871490 8295 10387149 6568714 6568714 29378576 29378576 0 0 5017699 1644106 3233037 140556 746822 628613 113839 4370 112636581 97232074 14850944 553563 2949879 2482966 449654 17259 21767123 18321776 3317992 127355 8006121 6738895 1220384 46842 0 917024 771876 139783 5365 558031 558031 101335 85295 15447 593 0 202188 170185 30820 1183 8384597 7057464 1278075 49058 4684966 3943419 714136 27411 5111508 4375202 713082 23224 4006835 3372625 610767 23443 0 35134751 29573548 5355637 205566 1705521 1435567 259975 9979 0 170711 143690 26022 999 343936 343936 0 13797798 11610940 2106022 80836 3105940 2614325 473443 18172 Educational Programs Expense 12293536 12293536 DUES, SUBSCRIPT, & MEMBERSHIPS 691278 581861 105372 4045 STUDENT ACTIVITIES 571014 571014 GRADUATION & SUNDRY 360053 360053 2923959 2420298 485046 18615 282136496 244376618 36401444 1358434 5685861 8116857 0 0 6708473 7025828 2707888 1942700 250076 336955 0 0 2410110 5117430 0 0 5561541 7374062 376835849 130274029 256928380 246561820 17005427 14525870 1625872 1566573 0 0 0 725000 60266027 56364395 359149655 349657490 26112257 26379446 0 0 18381449 22773221 72333272 71977085 0 0 0 0 58038376 59317697 0 0 16575008 1334530 191440362 181781979 X 156469408 157424679 9051334 8264732 2188551 2186100 167709293 167875511 359149655 349657490 861201 -328763 -366220 X false true X true true true X 11262480 137517581 6985755 38983628 19730763 214480207 0 0 11262480 137517581 6985755 38983628 19730763 214480207 0 214480207 137947 106171 207428 252933 1076851 1781330 70951 70951 4079996 2381375 1645083 8124269 19936660 36167383 252499871 1024355512 0.84943 0.90938 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 101335 false false 101335 false OTHER ACTIVITIES Form 990 Sch C 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 COLLEGE. THE COLLEGE OR ITS REPRESENTATIVES MAY MEET WITH LEGISLATORS TO DISCUSS CERTAIN GRANTS. 462074 X false 20587634 1458849 -562780 85075 129388 584634 20684606 19617660 1230957 527195 147012 66722 574444 20587634 17701602 1702411 1165721 204479 224558 523037 19617660 15627418 1967484 587690 100645 21182 359163 17701602 15307316 821558 428064 55415 436479 437626 15627418 0.29160 0.10570 0.60270 false false 42992669 42992669 184909875 51413682 133496193 77550857 35841936 41708921 28609643 16625943 11983700 42772805 26392468 16380337 246561820 DUE FROM/TO AFFILIATES, NET 50303051 ESCROW DEPOSIT MTI BONDS 1329799 ARTWORK 462074 OTHER LONG TERM ASSETS 350000 ADVANCES/LOAN EMPLOYEES 3919471 56364395 0 REFUNDABLE GOVT LOAN PROGRAM 1118379 OTHER LIABILITIES 216151 1334530 X COLLECTION OF ART AND RELIGIOUS OBJECTS SCHEDULE D, Part III, Line 1a A COLLECTION OF ART AND RELIGIOUS OBJECTS ACQUIRED SINCE INCEPTION THROUGH PURCHASES, CONTRIBUTIONS AND LONG TERM LOANS ARE INSURED FOR APPROXIMATELY $1,813,000 INCLUDING APPROXIMATELY $300,000 RELATED TO RELIGIOUS OBJECTS ON LOAN. RECORDS OF THE COST OF PURCHASED ITEMS OR OF THE FAIR VALUE AS OF THE DATE OF CONTRIBUTIONS ARE NOT AVAILABLE IN MANY INSTANCES, AND THE COLLEGE HAS DETERMINED THAT IT WOULD NOT BE PRACTICAL TO RETROACTIVELY CAPITALIZE ITS COLLECTION. RELIGIOUS ARTWORK SCHEDULE, Part III Line 4 TOURO MAINTAINS ARTWORK AT VARIOUS LOCATIONS. A PORTION OF THE ARTWORK REPRESENTS RELIGIOUS ARTIFACTS USED IN WEEKLY RELIGIOUS SERVICES. OTHER ARTWORK IS USED TO BEAUTIFY THE FACILITIES TO ENHANCE STUDENT AND FACULTY ACCEPTANCE OF THEIR SURROUNDINGS. ENDOWMENT FUNDS SCHEDULE D, Part V, Line 4 TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS, TO ADD OR IMPROVE FACILITIES, TO FUND RESEARCH AND PROVIDE ADDITIONAL PROGRAM FUNDS. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES SCHEDULE D, Part X, Line 2 THE COLLEGE PRESCRIBES 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, 2016 AND 2015, THE COLLEGE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY UNRELATED BUSINESS INCOME TAX LIABILITY WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS CONSOLIDATED FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY Form 990 Sch E Part I Line 3 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 COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENTAL FINANCIAL AID Form 990 Sch E Part I Line 6a Government Contributions (Grant) of $4,094,132 relate to Grants from the Government for Research, Facility Improvements and Scholarships. Additionally, Students attending College may be eligible for Federal Financial Aid including student loans, Pell and other Grants. true Europe (Including Iceland and Greenland) 2 56 Program Services EDUCATION 2574108 Middle East and North Africa 1 7 Program Services EDUCATION 6926329 Russia and the Newly Independent States 2 26 Program Services EDUCATION 195814 East Asia and the Pacific Program Services EDUCATION 60926 Europe (Including Iceland and Greenland) Investments 361689 5 89 5 89 10118866 10118866 true false true false false true OPERATIONS REVIEW SCHEDULE F, Part I, Line 2 PERIODIC SITE VISITS BY COLLEGE ADMINISTRATORS AND FACULTY REVIEW LOCAL OPERATIONS. SIGNIFICANT OPERATIONS HAVE REVIEWS BY LOCAL INDEPENDENT AUDITORS. NY DINNER 135700 61425 74275 57405 GOLF OUTING 61878 18450 43428 36624 1 84000 29982 54018 6741 281578 109857 171721 100770 100770 70951 true YESIVAS OHR HACHAIM 500 7TH AVENUE NEW YORK NY 10018 112808947 501(C)(3) 5255000 BOOK FOREGAVE RECEIVABLE FORGAVE RECEIVABLE Hebrew Theological College (HTC) 7135 Carpenter Road Skokie IL 60077 362167095 501(c)(3) 1158534 Support Related Organization WESTED 4665 LAMPSON AVENUE LOS ALAMITOS CA 90720 943233542 511(a)(2)(B) 155180 RESEARCH 2 1 SCHOLARSHIPS 8500 29378576 MONITORING GRANTS SCHEDULE I, Part I, Line 2 SINCE ITS INCEPTION, MANAGEMENT REVIEWS REQUESTS FOR GRANTS. THE COLLEGE 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 COLLEGE GUIDELINES. STUDENTS ARE AWARDED TUITION DISCOUNTS BASED ON VARIOUS CRITERIA. THE DISCOUNTS ARE CREDITED TO THE STUDENT'S ACCOUNTS. X false true X X X false false false false false false false false false Alan Kadish President and CEO 678234 0 0 0 0 0 13000 0 122961 0 814195 0 0 0 Daniel Lander Trustee & Chancellor 0 248138 0 0 0 0 0 9532 0 124645 0 382315 0 0 Matthew Bonilla VP of Student Services 220062 0 0 0 0 0 11497 0 19215 0 250774 0 0 0 Stanley Boylan VP of Undergraduate Education 119803 0 0 0 0 0 6201 0 0 55215 126004 55215 0 0 Richard Braunstein VP, Deputy General Counsel 221578 0 0 0 0 0 11255 0 9985 0 242818 0 0 0 Alan Ciner VICE PRESIDENT 125566 0 0 0 0 0 0 0 0 54417 125566 54417 0 0 Robert Goldberg Dean of TouroCom 401165 0 0 0 0 0 13000 0 12417 0 426582 0 0 0 Robert Goldschmidt VP of Planning & Assessment 154280 0 0 0 0 0 7981 0 0 33417 162261 33417 0 0 Nadja Graff Vice President 229553 0 0 0 0 0 11008 0 0 0 240561 0 0 0 Moshe Krupka Executive VP 184222 0 0 0 0 0 8699 0 0 115895 192921 115895 0 0 Lamar Miller Dean of School of Education 149344 0 0 0 0 0 6854 0 5620 0 161818 0 0 0 Melvin Ness Senior VP, CFO 281838 0 0 0 0 0 13000 0 19435 0 314273 0 0 0 Michael Newman SEC, SR. VP, & GENERAL COUNSEL 194904 0 0 0 0 0 8855 0 63161 0 266920 0 0 0 Louis Primavera Dean, School of Health & Scien 248812 0 0 0 0 0 11402 0 0 0 260214 0 0 0 David Raab Executive VP 0 282998 0 0 25872 0 0 25045 0 16321 25872 324364 0 0 Patricia Salkin PROVOST GRAD. & PROF. SCHOOLS 279452 0 0 0 9025 0 6367 0 64222 0 359066 0 0 0 Alan Schoor Senior VP of Oper. & Admin. 119171 0 0 0 0 0 4602 0 26897 0 150670 0 0 0 Jay Sexter VP of National Affairs 256736 0 0 0 0 0 9693 0 0 0 266429 0 0 0 Eva Spinelli VP of Community Education 159373 0 0 0 0 0 7647 0 6925 0 173945 0 0 0 Franklin Steen VP of Technology 228091 0 0 0 0 0 11727 0 21402 0 261220 0 0 0 Marian Stoltz-Loike VP, Online Education 194561 0 0 0 0 0 0 0 5737 0 200298 0 0 0 Arnold Spinner Dean 155422 0 0 0 0 0 7534 0 0 0 162956 0 0 0 Arthur Prancan Associate Professor 291701 0 0 0 0 0 4708 0 0 0 296409 0 0 0 Steven Huberman Dean 220228 0 0 0 0 0 10629 0 21402 0 252259 0 0 0 Harold Abramson Professor 253260 0 0 0 0 0 12289 0 7039 0 272588 0 0 0 Kenneth Steier Dean 318139 0 0 0 0 0 0 0 20199 0 338338 0 0 0 Richard Klein Professor 263049 0 0 0 0 0 8787 0 7039 0 278875 0 0 0 Lawrence Raful Professor 202658 0 0 0 0 0 9925 0 17448 0 230031 0 0 0 SCHEDULE J, Part I, LINE 1A AN EXECUTIVE VP AND THE PROVOST ARE 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). THE PRESIDENT IS PROVIDED A CORPORATE APARTMENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE VALUE OF THE HOUSING BENEFIT FOR THE PRESIDENT IS INCLUDED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN D. BOARD APPROVAL SCHEDULE J Part I Line 1b 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 DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2013A 146000293 2013-12-18 19520000 CONSTRUCTION false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 2014A 146000293 649907M82 2014-06-26 59716460 RENOVATE FACILITIES false false true C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 2014-10-22 41475000 Refund 2011 Bond Issue false false false A 705336 0 19520000 0 0 0 386587 0 0 19133413 0 0 false false true true B 0 0 11382714 804123 311858 0 245650 0 0 10021083 0 0 false false true true C 1335000 0 41475000 0 0 0 826365 0 0 0 40648635 0 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false true true true true PEOPLES UNITED BANK 10. false false false 0 false true B false true false false false false 0 false 0 false true C false false true true true false 0 false 0 false true A true B true C true SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (a) Issuer Name: Dormitory Authority of the State of New York Date the Rebate Computation was Performed: 06/18/2014 (a) Issuer Name: Dormitory Authority of the State of New York Date the Rebate Computation was Performed: 04/22/2015 Note regarding the rebate computations: Since the bond proceeds have been spent, a spending exception was met, and the debt service fund was operated on a bona fide basis, no further rebate calculations are necessary. PART I, LINE B Issue Price (e) does not tie to Part II, Column B, Line 3 as the issue is a pooled financing. $10,805,000 par benefits Touro College. The other beneficiary of the pooled financing is New York Medical COLLEGE. LAWRENCE RAFUL FORMER DEAN LAW SCHO PURCHASE A RESIDENCE X 200000 200000 false false true OFFICERSKEY EEs VARIOUS POSITIONS PAYROLL ADVANCE X 136955 136955 false true true 336955 Phyllis Lander TRUSTEE'S SPOUSE 47244 LCM Adminstration false Esther Greenfield TRUSTEE'S SISTER 105169 Director Publications false Richard Waxman TRUSTEE'S BROTHER IN LAW 138606 Associate Professor false Debra Waxman TRUSTEE'S SISTER 63724 Faculty false Hannah Lander TRUSTEE'S SISTER 84480 Graduation Certification false Moshe Friedman TRUSTEE'S GRANDSON 38055 Staff Tech false David Mirsky TRUSTEE'S SON IN LAW 22896 Assistant Professor false William Fischbein TRUSTEE'S BROTHER IN LAW 35129 Instructor false Esther Boylan OFFICER'S SPOUSE 22367 Instructor false Edna Davis OFFICER'S SISTER IN LAW 37088 Instructor false Eric Genack TRUSTEE'S SON 27221 Adjunct false X 6 SELLING PRICE X 2961 SELLING PRICE X 10 1020 SELLING PRICE X 3 1005200 Dental Supplies X HOTEL & FOOD 54 13945 SELLING PRICE X EVENT TICKETS 33 7115 SELLING PRICE X EDUCATIONAL SUPPLIES 13 4935 SELLING PRICE X INTERCOMPANY PAYABLE FORGIVEN 2 11475000 BOOK VALUE false false false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTIONS. form 990, part i, line 1, & part iii, line 1, mission statement THE COLLEGE'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER AND PROFESSIONAL EDUCATION. IT WAS ESTABLISHED PRIMARILY TO ENRICH THE JEWISH HERITAGE AND TO SERVE THE LARGER AMERICAN COMMUNITY. THE COLLEGE HAS AN UNDERGRADUATE CURRICULUM OFFERING BACHELOR AND ASSOCIATES DEGREES, GRADUATE PROGRAMS OFFERING MASTERS' DEGREES, AND PROFESSIONAL SCHOOLS INCLUDING A LAW SCHOOL, A SCHOOL OF HEALTH SCIENCES, A SCHOOL OF PHARMACY, A SCHOOL OF OSTEOPATHIC MEDICINE, AND A SCHOOL OF DENTISTRY. THE COLLEGE HAD AN AVERAGE ENROLLMENT OF APPROXIMATELY 13,500 DURING THE FISCAL YEAR. FORM 990, PART III, LINE 4A ACADEMIC SUPPORT: TOURO COLLEGE PROVIDES STAFF AND OPERATIONAL SUPPORT FOR ACADEMIC PROGRAMS OF VARIOUS SCHOOLS WITHIN THE LARGER TOURO SYSTEM AND EACH SCHOOL PAYS TOURO COLLEGE FOR A PORTION OF THAT SUPPORT AND RECEIVES OTHER SERVICES WITHOUT CHARGE. FROM TIME TO TIME, TOURO COLLEGE RECEIVES ACADEMIC SUPPORT FROM OTHER SCHOOLS IN THE TOURO SYSTEM. DURING THIS REPORTING YEAR, THE BOARDS OF SEVERAL TOURO SYSTEM SCHOOLS VOTED TO FORGIVE PORTIONS OF THE RECEIVABLES THAT HAD ARISEN OVER THE YEARS IN THE CONTEXT OF ACADEMIC SUPPORT AMONG THOSE SCHOOLS AND THOSE FORGIVENESS EVENTS ARE REPORTED AS GRANTS RECEIVED ($11,475,000) AND GRANTS PAID ($5,225,000) ON THE TOURO COLLEGE RETURN. FORM 990, PART VI, SECTION A, LINE 2, FAMILY RELATIONSHIP: JAY SEXTER AND EVA SPINELLI ARE HUSBAND AND WIFE. FORM 990,PART VI, SECTION B, LINE 11B, FORM 990 REVIEW PROCESS: THE TOURO COLLEGE 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 OF INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL. KEY EMPLOYEES NOTIFY TOURO ANY TIME CONFLICTS OF INTEREST ARISE. THE COLLEGE PERIODICALLY CIRCULATES A FULL QUESTIONNAIRE FOR SUCH INDIVIDUALS TO COMPLETE. FORM 990, PART VI, SECTION B, LINE 15A, EXECUTIVE COMPENSATION: THE BOARD AND OFFICERS, WHO ARE FREE OF ANY CONFLICT, APPROVE EXECUTIVE HIRING DECISIONS. IN MAKING COMPENSATION AND EMPLOYEE BENEFIT DETERMINATIONS, CONSIDERATION IS GIVEN TO EXPERT REPORTS AND COMPENSATION TRENDS IN THE INDUSTRY, QUALIFICATIONS AND OTHER MERITS OF THE CANDIDATES. ALL SUCH DECISIONS ARE DOCUMENTED. COMPENSATION FOR SENIOR MANAGEMENT IS REVIEWED PERIODICALLY AND, WHEN APPLICABLE, WHEN THEIR CONTRACTS ARE RENEWED. FORM 990, PART VI, SECTION C, LINE 19, DOCUMENTATION AVAILABLE TO PUBLIC: THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC. CERTAIN GOVERNING POLICIES ARE INCLUDED IN TOURO COLLEGE'S WEBSITE; HOWEVER ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE PUBLIC. SCHEDULE L, Part II In 2015 when Touro converted from a semi-monthly to a bi-weekly payroll, Touro advanced eight days of salary to substantially all employees to compensate for the built-in delay in processing the new bi-weekly payroll cycle. OF SUCH AMOUNT, $136,955 IS INCLUDED IN LOANS AND OTHER RECEIVABLES FROM CURRENT AND FORMER OFFICERS AND KEY EMPLOYEES, AND $3,782,516 is included in Notes and Loans receivable. Such amounts are expected to be repaid as employees leave the College. WARWICK ACADEMIC ASSOCIATES LLC C/O TOURO COLLEGE 500 7TH AVE NEW YORK NY 10018 204236301 HOLDING CO. NY 68102 43819 TOURO COLL CENTER FOR HEALTH OUTCOME RESEARCH LLC C/O TOURO COLLEGE 500 7TH AVE NEW YORK NY 10018 272347268 RESEARCH CTR. DE 0 TOURO COLL TOURO UNIVERSITY 500 7TH AVE NEW YORK NY 10018 133838740 EDUCATION CA 501(C)(3) LINE 2 TOUROCOLLEGE true TOURO UNIVERSITY NEVADA 500 7TH AVE NEW YORK NY 10018 200363127 EDUCATION NV 501(C)(3) LINE 2 TOUROCOLLEGE true TOURO COLLEGE AND UNIVERSITY SYSTEM INC 500 7TH AVE NEW YORK NY 10018 680646771 EDUCATION NJ 501(C)(3) LINE 2 TOUROCOLLEGE true YESHIVAS OHR HACHAIM 500 7TH AVE NEW YORK NY 10018 112808947 EDUCATION NY 501(C)(3) LINE 2 TOUROCOLLEGE true RABBI DOV REVEL YESHIVA OF FOREST HILLS 500 7TH AVE NEW YORK NY 10018 111681674 EDUCATION NY 501(C)(3) LINE 2 TOUROCOLLEGE true TOURO LAW CENTER DEVELOPMENT FOUNDATION 500 7TH AVE NEW YORK NY 10018 133922718 SUPPORT ORG NY 501(C)(3) LINE 11A, 1 TOUROCOLLEGE true TOURO COLLEGE FDN FOR JEWISH STUDIES 500 7TH AVE NEW YORK NY 10018 133629225 SUPPORT ORG NY 501(C)(3) LINE 11A, 1 TOUROCOLLEGE true NYMC LLC 500 7TH AVE NEW YORK NY 10018 271481147 MEMBER NYMC DE 501(C)(3) LINE 7 TOUROCOLLEGE true NEW YORK MEDICAL COLLEGE 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 131099420 EDUCATION NY 501(C)(3) LINE 2 NYMC LLC true THE PARTNERSHIP FOR A HEALTHY POPULATION 500 7TH AVE NEW YORK NY 10018 134028993 HEALTH STUDY NY 501(C)(3) LINE 9 TOUROCOLLEGE true TOURO COLLEGE BERLIN GGMBH BERLIN AM RUPERHORN 4 14055 BERLIN GM EDUCATIONAL GM 501(C)(3) TOUROCOLLEGE true HEBREW THEOLOGICAL COLLEGE 7135 CARPENTER RD SKOKIE IL 60077 362167095 EDUCATIONAL IL 501(C)(3) LINE 2 TOUROCOLLEGE true THE BIOTECHNOLOGY INCUBATOR AT NYMC INC 40 SUNSHINE COTTAGE ROAD VALHALLA NY 10595 471682208 INCUBATOR NY 501(C)(3) LINE 9 NYMC true Touro Speech & Rehab 500 7TH AVE NEW YORK NY 10018 134180235 INACTIVE NY NA C CORP 1.00000 true Touro Foundation Corporation 500 7TH AVE NEW YORK NY 10018 134014618 INACTIVE NY NA C CORP 1.00000 true Touro University Foundation 500 7TH AVE NEW YORK NY 10018 943318585 INACTIVE CA NA C CORP 1.00000 true false true true true false false false false false false true true false false true true true true true TOURO UNIVERSITY c 4550000 DEEMED GRANT TOURO UNIVERSITY NEVADA c 6925000 DEEMED GRANT YESHIVAS OHR HACHAIM b 5255000 DEEMED GRANT HEBREW THEOLOGICAL COLLEGE B 550000 DEEMED GRANT TOURO UNIVERSITY NEVADA o 6940953 CASH TRANSFER TOURO UNIVERSITY o 8677554 CASH TRANSFER TOURO UNIVERSITY NEVADA s 3363878 CASH TRANSFER TOURO UNIVERSITY s 2118475 CASH TRANSFER TOURO LAW SCHOOL DEVELOPMENT FOUNDATION l 82845 CASH TRANSFER RABBI DOV REVEL YESHIVA OF FOREST HILLS r 841577 CASH TRANSFER NYMC LLC o 60080719 CASH TRANSFER NEW YORK MEDICAL COLLEGE k 1657317 CASH TRANSFER YESHIVAS OHR HACHAIM S 2340076 CASH TRANSFER