Touro University
- Assets
- $81.0m
- Revenue
- $91.7m
- Investments
- $0.0
- Employees
- 995
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 06/2020
- EIN
- 13-3838740
Touro University Overview
Touro University is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2020, Touro University employed 995 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Touro University generated $91.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $81.6m during the year ending 06/2020. While expenses have increased by 2.2% per year over the past 5 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.
Since 2016, Touro University has awarded 14 individual grants totaling $7,927,826. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY'S OPERATIONS CONSISTS OF TOURO UNIVERSITY CALIFORNIA ("TUC"), LOCATED IN VALLEJO, CA. (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURO UNIVERSITY, A CALIFORNIA CORPORATION (TU), HAS TWO DIVISIONS: TOURO UNIVERSITY CALIFORNIA (TUC) AND TOURO UNIVERSITY WORLDWIDE (TUW). TUC INCLUDES A COLLEGE OF OSTEOPATHIC MEDICINE, A COLLEGE OF PHARMACY AND A COLLEGE OF EDUCATION AND HEALTH SCIENCES. TUW OPERATES A DISTANCE-LEARNING UNIT OFFERING BACHELORS, MASTERS, AND DOCTORATE DEGREES, AND IT HAS UNDERGRADUATE PROGRAMS OFFERED BY TOURO COLLEGE LOS ANGELES (TCLA) OFFERING BACHELOR DEGREES IN BUSINESS MANAGEMENTT AND ADMINISTRATION AND PSYCHOLOGY. DURING THIS FISCAL YEAR TOURO UNIVERSITY GRANTED THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (87) GRADUATE (661); AND DOCTORAL OR FIRST PROFESSIONAL (240).
Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.
Touro University Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Clearfield Dean, College Of Medicine | Officer | 34.9 | $423,811 |
Yoram Neumann Provost & CEO Of Tuw-Dec.4/20 | Officer | 35 | $332,444 |
Rae Matsumoto Dean, College Of Pharmacy | Officer | 35 | $267,948 |
Richard B Riemer Senior Associate Dean | 30 | $261,728 | |
Sarah Sweitzer Provost | Officer | 35 | $261,601 |
Gail D Feinberg Chair Primary Care Department | 35 | $257,837 |
Touro University Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security | 6/29/20 | $508,123 |
Google Inc Advertising | 6/29/20 | $1,180,413 |
Alkar Human Resources Temp Placem. Agency | 6/29/20 | $123,817 |
Robert Half Finance And Accounting Professional Service | 6/29/20 | $306,372 |
Pacific Landscapes Inc Repairs/maintenance | 6/29/20 | $120,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,719 |
| Related organizations | $0 |
| Government grants | $3,759,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $504,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,352,532 |
| Total Program Service Revenue | $86,660,114 |
| Investment income | $199,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,062 |
| Net Income from Fundraising Events | -$19,732 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,677,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $390,865 |
| Grants and other assistance to domestic individuals. | $6,461,831 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $949,661 |
| Compensation of current officers, directors, key employees. | $949,661 |
| Compensation to disqualified persons | $54,027 |
| Other salaries and wages | $37,306,878 |
| Pension plan accruals and contributions | $1,072,826 |
| Other employee benefits | $4,255,898 |
| Payroll taxes | $2,576,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,350 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $35,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,539 |
| Fees for services: Other | $452,273 |
| Advertising and promotion | $2,252,982 |
| Office expenses | $1,090,592 |
| Information technology | $820,023 |
| Royalties | $0 |
| Occupancy | $3,123,261 |
| Travel | $392,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,335 |
| Interest | $8,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,270,151 |
| Insurance | $278,491 |
| All other expenses | $2,031,589 |
| Total functional expenses | $81,558,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,310,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,593,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,022,756 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $789,304 |
| Net Land, buildings, and equipment | $28,461,482 |
| Investments—publicly traded securities | $10,462,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,333,482 |
| Total assets | $80,973,441 |
| Accounts payable and accrued expenses | $9,750,770 |
| Grants payable | $0 |
| Deferred revenue | $6,112,872 |
| Tax-exempt bond liabilities | $15,124,972 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $145,534 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,805,546 |
| Total liabilities | $32,939,694 |
| Net assets without donor restrictions | $47,259,244 |
| Net assets with donor restrictions | $774,503 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $80,973,441 |
Touro University Grants Awarded
Over the last fiscal year, Touro University has awarded $385,752 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TOURO UNIVERSITY MEDICAL GROUP PURPOSE: SUPPORT | $325,818 |
San Francisco, CA PURPOSE: RESEARCH | $39,480 |
Durham, NC PURPOSE: RESEARCH | $14,114 |
Memphis, TN PURPOSE: RESEARCH | $6,340 |
Touro University Grants Recieved
Over the last fiscal year, we have identified 5 grants that Touro University has recieved totaling $183,000.
| Awarding Organization | Amount |
|---|---|
Sutter Valley Hospitals Sacramento, CA PURPOSE: GENERAL SUPPORT | $110,500 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Project Support | $25,000 |
Kaiser Foundation Health Plan Inc Oakland, CA PURPOSE: Mosaic Celebration - Lamplighter Gala & Awards | $24,500 |
Scheinbaum Family Foundation Cleveland Heights, OH PURPOSE: CHARITABLE | $12,000 |
Northbay Healthcare Corporation Fairfield, CA PURPOSE: SPONSORSHIP AND GENERAL SUPPORT | $11,000 |
Touro University Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,063,447,825 | $364,446,517 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Teachers College Columbia University New York, NY | $595,935,497 | $299,754,373 |
Mcphs University Boston, MA | $1,486,480,487 | $345,361,919 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $5,527,904 | $152,113,198 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $178,440,650 | $158,892,412 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $601,786,639 | $162,737,666 |
New York Law School New York, NY | $325,648,327 | $75,645,849 |
Brooklyn Law School Brooklyn, NY | $327,973,230 | $65,236,818 |
Touro University New York, NY | $80,973,441 | $91,677,502 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Create a Free Account