Touro University
- Assets
- $83.5m
- Revenue
- $94.0m
- Investments
- $0.0
- Employees
- 924
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 13-3838740
Organization 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 06/2021, Touro University employed 924 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 06/2021, Touro University generated $94.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $97.1m during the year ending 06/2021. While expenses have increased by 4.8% 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.
Since 2016, Touro University has awarded 21 individual grants totaling $25,598,559. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATIONS CONSIST OF TOURO UNIVERSITY CALIFORNIA (TUC), LOCATED IN VALLEJO, CA (SEE SCH. O).
Describe the Organization's Program Activity:
TOURO UNIVERSITY, A CALIFORNIA CORPORATION, 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 MANAGEMENT AND ADMINISTRATION AND PSYCHOLOGY. DURING THIS FISCAL YEAR TOURO UNIVERSITY GRANTED THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (154); GRADUATE (772); AND DOCTORAL OR FIRST PROFESSIONAL (228).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Clearfield Dean, College Of Medicine | Officer | 34.9 | $443,647 |
Sarah Sweitzer Provost | Officer | 31 | $310,358 |
Jay H Shubrook Professor | 35 | $273,546 | |
Jean-Marc Schwarz Professor | 35 | $272,755 | |
Gail D Feinberg Chair Primary Care Department | 35 | $270,216 | |
Richard B Riemer Senior Associate Dean | 30 | $255,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Advertising | 6/29/21 | $1,409,449 |
Johnson Controls Hvac | 6/29/21 | $116,627 |
Pacific Landscapes Inc Other | 6/29/21 | $144,876 |
Klear Digital Advertising | 6/29/21 | $129,637 |
R G Carter Company Plumbers | 6/29/21 | $113,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,128 |
| Related organizations | $0 |
| Government grants | $352,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,075,582 |
| Total Program Service Revenue | $93,014,498 |
| Investment income | -$575,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,726 |
| Net Income from Fundraising Events | -$18,107 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,950,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,285,186 |
| Grants and other assistance to domestic individuals. | $5,802,052 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $674,215 |
| Compensation of current officers, directors, key employees. | $674,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,346,148 |
| Pension plan accruals and contributions | $1,176,035 |
| Other employee benefits | $4,284,156 |
| Payroll taxes | $2,571,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,359 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,179 |
| Fees for services: Other | $491,908 |
| Advertising and promotion | $2,414,645 |
| Office expenses | $994,037 |
| Information technology | $1,003,262 |
| Royalties | $0 |
| Occupancy | $2,750,000 |
| Travel | $23,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,315,709 |
| Insurance | $179,535 |
| All other expenses | $1,570,328 |
| Total functional expenses | $97,120,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,196,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,957,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,057,044 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $652,911 |
| Net Land, buildings, and equipment | $28,664,524 |
| Investments—publicly traded securities | $14,893,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,096,294 |
| Total assets | $83,518,573 |
| Accounts payable and accrued expenses | $11,612,056 |
| Grants payable | $0 |
| Deferred revenue | $8,948,754 |
| Tax-exempt bond liabilities | $14,624,484 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $203,392 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,163,000 |
| Total liabilities | $36,551,686 |
| Net assets without donor restrictions | $46,047,232 |
| Net assets with donor restrictions | $919,655 |
| 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 | $83,518,573 |
Grants Awarded
Over the last fiscal year, Touro University has awarded $17,284,981 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANTMAKING | $17,000,000 |
TOURO UNIVERSITY MEDICAL GROUP PURPOSE: RESEARCH | $274,182 |
DUKE UNIVERSITY PURPOSE: RESEARCH | $10,799 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Touro University has recieved totaling $920,359.
| Awarding Organization | Amount |
|---|---|
Cyrus And Michael Tang Foundation Las Vegas, NV PURPOSE: GENERAL FUND | $250,000 |
Sutter Valley Hospitals Sacramento, CA | | $235,940 |
The California Endowment Los Angeles, CA PURPOSE: PROMOTING HEALTH, HEALING AND BLACK POWER IN CALIFORNIA: TO DEEPEN BLACK LEADERSHIP AND POWER BASE FOR HEALING, HEALTH AND RACIAL JUSTICE TOWARDS BLACK LIBERATION IN SOLANO COUNTY, CALIFORNIA. | $225,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Increasing Pediatric Covid-19 Vaccine Access In Un | $170,000 |
Northbay Healthcare Corporation Fairfield, CA PURPOSE: SPONSORSHIP AND GENERAL SUPPORT | $17,500 |
Travis Credit Union Vacaville, CA PURPOSE: TO HELP FUND THE NURSING SCHOLARSHIP PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,023,925,401 | $371,509,260 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,998,877,330 | $374,201,406 |
Teachers College Columbia University New York, NY | $726,324,570 | $250,184,193 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $6,818,981 | $172,532,346 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $181,055,167 | $168,282,211 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |