TOURO COLLEGE & UNIVERSITY SYSTEM INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- TOURO COLLEGE & UNIVERSITY SYSTEM INC (EIN 68-0646771)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201141339349304209
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T14:24:08-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PERELSON WEINER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE DAG HAMMARSKJOLD PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100172286 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680646771 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | touro university college of medicine inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TOUR | NameControl |
| Phone | 2124630400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-33 west 23rd street | AddressLine1 |
| City | new york | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELVIN NESS | Name |
| Title | senior vice president | Title |
| Phone | 2124630400 | Phone |
| Date Signed | 2011-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RONALD G WEINER CPA | Name |
| Phone | 2126053100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MELVIN NESS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O TOURO COLLEGE 27-33 WEST 23RD | AddressLine1 |
| Address Line2 | STREET | AddressLine2 |
| City | new york | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 754342 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.TOURO.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | TOURO UNIVERSITY COLLEGE OF MEDICINE'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION THAT WILL OFFER A FOUR YEAR PROGRAM LEADING TO A DOCTOR OF MEDICINE AND TO PERFORM MEDICAL RESEARCH. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 27 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 17472 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2750 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 111791 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2079 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 365152 | OtherRevenuePriorYear |
| Other Revenue Current Year | 749513 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 494415 | TotalRevenuePriorYear |
| Total Revenue Current Year | 754342 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6737915 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 169130 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2003831 | OtherExpensePriorYear |
| Other Expenses Current Year | 1786277 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8741746 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1955407 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -8247331 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1201065 | RevenuesLessExpensesCY |
| Total Assets BOY | 55119309 | TotalAssetsBOY |
| Total Assets EOY | 33498569 | TotalAssetsEOY |
| Total Liabilities BOY | 69182899 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 59730603 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -14063590 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -26232034 | NetAssetsOrFundBalancesEOY |
| Mission Description | TOURO UNIVERSITY COLLEGE OF MEDICINE'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION THAT WILL OFFER A FOUR YEAR PROGRAM LEADING TO A DOCTOR OF MEDICINE AND TO PERFORM MEDICAL RESEARCH. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 0 | Expense |
| Description | EFFORTS ARE MADE DURING THE FISCAL YEAR TO ESTABLISH AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION THAT WILL OFFER A FOUR YEAR PROGRAM LEADING TO A DOCTOR OF MEDICINE AND TO PERFORM MEDICAL RESEARCH. | Description |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 14 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 27 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | stuart lippman controller-TOURO CO | NamePerson |
| Telephone Number | 2124630400 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-33 West 23rd Street | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| ABRAHAM BIDERMAN | ||||||||
| trustee | 0.00 | X | 0 | 0 | 0 | |||
| JACK WEINREB | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| LAWRENCE PLATT | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MARK HASTEN | ||||||||
| CHAIRMAN-BOARD OF TRUSTEES | 0.00 | X | 0 | 0 | 0 | |||
| MARTIN OLINER ESQ | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MENACHEM GENACK | ||||||||
| TRUSTEE | 0.00 | X | 0 | 65571 | 6343 | |||
| SOLOMON GOLDFINGER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ZVI RYZMAN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| david lichtenstein | ||||||||
| trUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| steve rosenberg | ||||||||
| trustee | 0.00 | X | 0 | 0 | 0 | |||
| rabbi DaNIEL LANDER | ||||||||
| trustee & vice president | 0.00 | X | 0 | 107344 | 81828 | |||
| drben chouake | ||||||||
| trustee | 0.00 | X | 0 | 0 | 0 | |||
| BERNARD LANDER | ||||||||
| PRESIDENT & TRUSTEE- deceased | 0.00 | X | 0 | 1232287 | 81480 | X | ||
| alan kadish | ||||||||
| PRESIDENT & TRUSTEE | 0.00 | X | 0 | 547514 | 35591 | X | ||
| MELVIN NESS | ||||||||
| senior VP | 0.00 | 0 | 260706 | 24638 | X | |||
| FRANKLYN SNITOW | ||||||||
| SECRETARY | 0.00 | 0 | 0 | 0 | X | |||
| PAUL WALLACH | ||||||||
| VICE PRESIDENT of medical affairs | 40.00 | 483557 | 0 | 90491 | X | |||
| HOWARD TEPPER | ||||||||
| ASSOCIATE DEAN FOR FINANCE | 40.00 | 191397 | 0 | 75099 | X | |||
| eileen moser | ||||||||
| chair, clinical education | 40.00 | 148967 | 0 | 58815 | X | |||
| daniel mehan jr | ||||||||
| associate dean OF STUDENTs | 40.00 | 118721 | 0 | 19441 | X | |||
| alex stagnaro- green | ||||||||
| senior associate dean of academics | 40.00 | 327101 | 0 | 64849 | X | |||
| cristian stefan | ||||||||
| director information technologies | 40.00 | 146062 | 0 | 12414 | X | |||
| david sandor - former key employee | ||||||||
| associate dean - pharmacy | 40.00 | 0 | 247454 | 14542 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1415805 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 2460876 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 565531 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| cannon design inc | |||||
| po box 10005 church street | new york | NY | 10259 | consultant | 202254 |
| rosemont associates llc | |||||
| po box 216 | rosemont | NJ | 08556 | lobbyist | 120000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 2750 | AllOtherContributions |
| Total Contributions | 2750 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2079 | TotalRevenueColumn |
| Exclusion | $2,079 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| other income | 900099 | 500000 | 500000 | |
| rental income | 532000 | 249513 | $249,513 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 749513 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 754342 | TotalRevenueColumn |
| Related Or Exempt Function Income | 500000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $251,592 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12933 | Total |
| Management And General | 12933 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16597 | Total |
| Management And General | 16597 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84350 | Total |
| Management And General | 84350 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55250 | Total |
| Management And General | 55250 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106664 | Total |
| Management And General | 106664 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120000 | Total |
| Management And General | 120000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54973 | Total |
| Management And General | 54973 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23925 | Total |
| Management And General | 23925 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15386 | Total |
| Management And General | 15386 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1023138 | Total |
| Management And General | 1023138 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6797 | Total |
| Management And General | 6797 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1030 | Total |
| Management And General | 1030 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109641 | Total |
| Management And General | 109641 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308360 | Total |
| Management And General | 308360 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16044 | Total |
| Management And General | 16044 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUES, SUBSCRIPTIONS & M | Description |
| Total | 319 | Total |
| Management And General | 319 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1955407 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 1955407 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28667 | BOY |
| EOY | 24934 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85522 | BOY |
| EOY | 3060 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4718 | BOY |
| EOY | 2891 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 397397 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16979405 | BOY |
| EOY | 397397 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10508153 | BOY |
| EOY | 4444 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27488844 | BOY |
| EOY | 27541843 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24000 | BOY |
| EOY | 5524000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55119309 | BOY |
| EOY | 33498569 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3064835 | BOY |
| EOY | 923223 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10507221 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55610843 | BOY |
| EOY | 58807380 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69182899 | BOY |
| EOY | 59730603 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -14075112 | BOY |
| EOY | -26232034 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11522 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -14063590 | BOY |
| EOY | -26232034 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55119309 | BOY |
| EOY | 33498569 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $120,000 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Total Lobbying Expenditures IIB | 120000 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i: | Identifier |
| Return Reference | Explanation of Other Lobbying Activities: | ReturnReference |
| Explanation | The university hired lobbyists to assist in obtaining approval from Federal and state agencies to create medical school and related facilities in new jersey. | Explanation |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 397397 | OtherCostOrOtherBasis |
| Book Value | 397397 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 397397 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | humc/touro llc | Description |
| Book Value | 27541843 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 27541843 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| security deposit | 24000 |
| Assets held for sale | 5500000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 5524000 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO AFFILIATES | Description |
| Amount | $58,807,380 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 58807380 | TotalOfAmounts |
| Total Revenue | 754342 | TotalRevenue |
| Total Expenses | 1955407 | TotalExpenses |
| Excess Or Deficit For Year | -1201065 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -10967379 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -10967379 | TotalAdjustments |
| Excess Or Deficit Per FS | -12168444 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 754342 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 754342 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 754342 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12922786 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 10967379 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 10967379 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1955407 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1955407 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XIII, Line 2d - Other Adjustments: | unrealized losses on impairment of assets: 10967379. |
| PART X, LINE 2- ORGANIZATION'S LIABILITY for uncertain tax positions. the college believes that it has the appropriate support for tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | brochures and catalogs will be distributed to students and recruitment advertisements in journals, newspapers, tv and radio will contain statements with respect to touro university college's racially nondiscriminatory policy. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| rabbi DaNIEL LANDER | |||||||||||||
| 0 | 107344 | 0 | 0 | 0 | 0 | 0 | 3994 | 0 | 77834 | 0 | 189172 | 0 | 0 |
| BERNARD LANDER | |||||||||||||
| 0 | 442287 | 0 | 790000 | 0 | 0 | 0 | 4317 | 0 | 77163 | 0 | 1313767 | 0 | 790000 |
| alan kadish | |||||||||||||
| 0 | 147514 | 0 | 400000 | 0 | 0 | 0 | 0 | 0 | 35591 | 0 | 583105 | 0 | 0 |
| MELVIN NESS | |||||||||||||
| 0 | 260706 | 0 | 0 | 0 | 0 | 0 | 8813 | 0 | 15825 | 0 | 285344 | 0 | 0 |
| PAUL WALLACH | |||||||||||||
| 483557 | 0 | 0 | 0 | 0 | 0 | 17150 | 0 | 73341 | 0 | 574048 | 0 | 0 | 0 |
| HOWARD TEPPER | |||||||||||||
| 191397 | 0 | 0 | 0 | 0 | 0 | 9735 | 0 | 65364 | 0 | 266496 | 0 | 0 | 0 |
| eileen moser | |||||||||||||
| 148967 | 0 | 0 | 0 | 0 | 0 | 7832 | 0 | 50983 | 0 | 207782 | 0 | 0 | 0 |
| alex stagnaro- green | |||||||||||||
| 327101 | 0 | 0 | 0 | 0 | 0 | 16116 | 0 | 48733 | 0 | 391950 | 0 | 0 | 0 |
| cristian stefan | |||||||||||||
| 146062 | 0 | 0 | 0 | 0 | 0 | 6767 | 0 | 5647 | 0 | 158476 | 0 | 0 | 0 |
| david sandor - former key employee | |||||||||||||
| 0 | 247454 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14542 | 0 | 261996 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | BERNARD LANDER AND DANIEL LANDER - FATHeR-SON | |
| Form 990, Part VI, Section B, line 11 | controller, auditors, officers and the board of the organization review form 990. | |
| Form 990, Part VI, Section B, line 12c | The annual board questionnaire, that requires disclosure of conflict of interest and other details, is circulated to all of the board members and is reviewed by in-house counsel. | |
| Form 990, Part VI, Section B, line 15 | The board AND OFFICERS consider compensation trends in the industry, qualification and other merits of the candidates in deciding compensation and other employee benefits. | |
| Form 990, Part VI, Section C, line 19 | The form 990 and related information are made available to the public, however, governing documents, conflict of interest policy and financial statements are not made public. | |
| form 990, part xi, line 2c | no change in oversight process or selection process during the tax year. | |
| form 990, part vi, line 9 | bernard lander- deceased | contact addresses for officers, directors etc |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|
| touro college | ||||||||
| c/o mr melvin ness 27 west 23rd st | new york | NY | 10010 | 132676570 | education | NY | 501(c)3 | 170(b)(1)(a)(ii) |
| touro university - california | ||||||||
| c/o mr melvin ness 27 west 23rd st | new york | NY | 10010 | 133838740 | education | CA | 501(c)3 | 170(b)(1)(a)(ii) |
| touro university - nevada | ||||||||
| c/o mr melvin ness 27 west 23rd st | new york | NY | 10010 | 200363127 | education | NV | 501(c)3 | 170(b)(1)(a)(ii) |
| yeshivas ohr hachaim | ||||||||
| c/o mr melvin ness 27 west 23rd st | new york | NY | 10010 | 112808947 | education | NY | 501(c)3 | 170(b)(1)(a)(ii) |
| rabbi dov revel yeshiva of forest hills | ||||||||
| c/o mr melvin ness 27 west 23rd st | new york | NY | 10010 | 111681674 | Education | NY | 501(c)3 | 170(b)(1)(a)(ii) |
| Touro College Foundation for Jewish Studies | ||||||||
| C/o mr melvin ness 27 west 23rd st | New york | NY | 10010 | 133639225 | Education | NY | 501(c)3 | 170(b)(1)(a)(ii) |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | humctouro llc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 main st | AddressLine1 |
| City | hackensack | City |
| State | NJ | State |
| ZIP Code | 07601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261844522 | EIN |
| Primary Activity | holding real estate | PrimaryActivity |
| Legal Domicile State | NJ | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | rent | PredominantIncomeType |
| Share Of EOY Assets | 27541843 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity |
|---|---|---|---|---|---|---|---|---|
| Touro Speech & Rehab | ||||||||
| c/o Touro College 27 west 23rd stre | NEW YORK | NY | 10010 | 134180235 | INACTIVE | NY | N/A | C |
| Touro Foundation Corporation | ||||||||
| C/o Touro College 27 west 23rd stre | NEW YORK | NY | 10010 | 134014618 | INACTIVE | NY | N/A | C |
| Touro University Foundation | ||||||||
| C/o Touro College 27 west 23rd stre | NEW YORK | NY | 10010 | 943318585 | INACTIVE | CA | N/A | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Touro College | |
| R | 3196537 |
| touro College | |
| D | 60075000 |
| touro university California | |
| D | 20080000 |
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