Touro University

Organization Overview

Touro University is located in New York, NY. The organization was established in 2005. 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 807 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 $69.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $67.4m during the year ending 06/2021. While expenses have increased by 4.0% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION. (SEE SCHEDULE O)

Describe the Organization's Program Activity:

ACADEMIC PROGRAMS: WITHIN THE TOURO SYSTEM, TOURO UNIVERSITY NEVADA, A NEVADA CORPORATION (TUN), ESTABLISHED AS A BRANCH CAMPUS OF TOURO UNIVERSITY (CALIFORNIA), INCLUDES A COLLEGE OF OSTEOPATHIC MEDICINE AND A COLLEGE OF HEALTH AND HUMAN SERVICES OFFERING VARIOUS PROGRAMS IN THE HEALTH PROFESSIONS AND EDUCATION. DURING THIS FISCAL YEAR TUN GRANTED THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (52); GRADUATE (194); DOCTORAL OR FIRST PROFESSIONAL (207). (SEE SCHEDULE O)TOURO UNIVERSITY HAS PROVIDED ACADEMIC SUPPORT AND ADMINISTRATIVE SUPPORT TO TOURO UNIVERSITY SINCE INCEPTION. FROM TIME TO TIME TOURO UNIVERSITY NEVADA PROVIDES SUPPORT FOR ACADEMIC PROGRAMS OF TOURO UNIVERSITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Accurate Building Maintenance Llc
Cleaning Services
$201,047
Braintrust Marketing Communications
Advertising
$131,500
The Hanover Research Council Llc
Professional Associations
$118,200
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$272,663
Related organizations$0
Government grants $1,931,801
All other contributions, gifts, grants, and similar amounts not included above$4,771,606
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,976,070
Total Program Service Revenue$61,292,287
Investment income $922,679
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $353,636
Net Gain/Loss on Asset Sales $4,117
Net Income from Fundraising Events -$24,966
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $69,634,843

Grants Awarded

Over the last fiscal year, Touro University has awarded $11,018,500 in support to 2 organizations.

Grant RecipientAmount

New York, NY

PURPOSE: see part iv

$11,000,000

CONGREGATION SHAREI TEFILAH

Org PageRecipient Profile

Henderson, NV

PURPOSE: see part iv

$18,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Touro University has recieved totaling $120,000.

Awarding OrganizationAmount
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$100,000
Rosenbluth Family Charitable Foundation

Phoenix, AZ

PURPOSE: UNIVERSITY'S LUNCH WITH THE RABBI SERIES

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,945,000
Earnings$330,958
Net Contributions$3,000,000
Other Expense$123,588
Ending Balance$6,152,370

Peer Organizations

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