Touro University

Organization Overview

Touro University is located in New York, NY. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Touro University employed 3,725 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Touro University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Touro University generated $322.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $321.2m during the year ending 06/2020. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE COLLEGE'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER AND PROFESSIONAL EDUCATION. (SEE SCHEDULE O)

Describe the Organization's Program Activity:

ACADEMIC SUPPORT: WITHIN THE TOURO SYSTEM, TOURO COLLEGE PROVIDED EDUCATION, PRIMARILY IN THE NEW YORK CITY METROPOLITAN AREA, TO APPROXIMATELY 12,000 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 (1,611); GRADUATE (1,509); FIRST PROFESSIONAL (716).


ACADEMIC SUPPORT: WITHIN THE TOURO SYSTEM, TOURO COLLEGE PROVIDED EDUCATION, PRIMARILY IN THE NEW YORK CITY METROPOLITAN AREA, TO APPROXIMATELY 12,000 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 (1,611); GRADUATE (1,509); FIRST PROFESSIONAL (716).


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Board, Officers & Key Employees

Name (title)Compensation
Alan Kadish
President, CEO And Trustee
$844,486
Patricia Salkin
Provost Grad And Prof Schools
$457,862
Kenneth Steier
Dean, Col Of Osteopathic Med
$428,398
David Forstein
Dean, Tourocom
$378,784
Ronnie Myers
Dean, Dental School
$355,740
Melvin Ness
Senior Vp, CFO
$342,017

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ellucian Company Lp
Computer Services
$2,048,869
Hudson River Cio Advisors Llc
Consulting
$1,979,817
Outfront Media Inc
Advertising
$946,500
Kpmg Llp
Accounting Services
$750,900
Excel Guard Corp
Security Guards
$3,656,110
Outfront Media Inc
Advertising
$946,500
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$14,230,332
Investment income $890,756
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $200,447
Net Gain/Loss on Asset Sales -$44,699
Net Income from Fundraising Events -$70,450
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $321,976,604

Grants Awarded

Over the last fiscal year, Touro University has awarded $4,596,000 in support to 2 organizations.

Grant RecipientAmount

YESIVAS OHR HACHAIM

Org PageRecipient Profile

New York, NY

PURPOSE: RECEIVABLE FORGIVEN

$4,347,000

HEBREW THEOLOGICAL COLLEGE (HTC)

Org PageRecipient Profile

Skokie, IL

|

$249,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Touro University has recieved totaling $397,662.

Awarding OrganizationAmount
Terumah Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$250,000
Accesslex Institute

West Chester, PA

PURPOSE: PROGRAM SUPPORT/RESEARCH

$63,750
Fjc

New York, NY

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$28,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$13,450
Associated Jewish Charities Of Baltimore

Baltimore, MD

PURPOSE: GENERAL SUPPORT

$13,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$10,920
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$40,342,144
Earnings$790,321
Net Contributions$500,000
Other Expense$3,014,380
Ending Balance$38,618,085

Peer Organizations

Organization NameAssets
Berklee College Of Music Inc
Boston, MA
$384,612,408
Ithaca College
Ithaca, NY
$365,679,639
Trustees Of Amherst College
Amherst, MA
$407,702,412
Wellesley College
Wellsley, MA
$515,515,442
Touro University
New York, NY
$321,976,604
Williams College
Williamstown, MA
$397,351,793
Wesleyan University
Middletown, CT
$326,592,000
Saint Josephs University
Philadelphia, PA
$347,052,680
Emerson College
Boston, MA
$275,696,398
Colgate University Treasurers Office
Hamilton, NY
$378,114,548
Trustees Of The College Of The Holy Cross
Worcester, MA
$265,241,305
Babson College
Babson Park, MA
$304,101,925

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