2024-05-14T12:43:32-05:00 2023-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-07-01 133922718 TOURO LAW CENTER DEVELOPMENT FOUNDATION TOUR 6465656000 50 WEST 47TH STREET NEW YORK NY 10036 ELENA LANGAN PRESIDENT 6465656000 2024-05-14 1 ELENA LANGAN XXX-XX-XXXX 0 EVAN W SEEKAMP P01907071 2127589700 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELENA LANGAN 50 WEST 47TH STREET NEW YORK NY 10036 1366267 0 X NOT APPLICABLE X 1996 NY TO PROMOTE AND SUPPORT THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY. 6 2 0 2 0 0 141442 152438 0 0 185975 101212 139490 14330 466907 267980 42227 20502 0 0 0 0 0 0 0 23548 0 65775 20502 401132 247478 4611354 4892654 712450 620465 3898904 4272189 TO PROMOTE AND SUPPORT THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY AND PERFORM ANY OTHER ACTS INCIDENTAL TO, CONNECTED WITH, OR IN ADVANCEMENT THEREOF. 0 0 20502 20502 LAW CENTER SUPPORT: PROMOTED AND SUPPORTED THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY. 20502 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X STUART LIPPMANN 6465456026 50 WEST 47TH STREET NEW YORK NY 10036 X PATRICIA SALKIN TRUSTEE 0.50 34.50 X 0 431285 116505 ELENA LANGAN PRESIDENT 0.50 34.50 X X 0 338036 28129 ALAN FUCHSBERG TRUSTEE 1.00 0.00 X 0 0 0 HOWARD GLICKSTEIN TRUSTEE 1.00 0.00 X 0 43706 11253 LINDA HOWARD WEISSMAN SECRETARY (END 8/26/2022) 0.25 34.75 X X 0 118361 10992 BRUCE GOULD TRUSTEE 1.00 0.00 X 0 0 0 JOTHY NARENDRAN TRUSTEE (BEG. 1/1/2023) 1.00 0.00 X 0 0 0 0 931388 166879 0 0 1 0 0 152438 152438 188258 188258 1011241 1098287 -87046 -87046 -87046 TRANSFER 900099 14330 14330 14330 267980 0 0 115542 20502 20502 20502 20502 0 0 233240 255495 4378114 4637159 4611354 4892654 712450 620465 712450 620465 X 180605 208097 3718299 4064092 3898904 4272189 4611354 4892654 X 247478 165799 -39992 X 0 1 X 1 0 X X 1 TOURO UNIVERSITY 132676570 2 1 20500 0 1 20500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION B, LINE 1 TOURO LAW CENTER DEVELOPMENT FOUNDATION, INC. PROMOTES AND SUPPORTS THE JACOB D. FUCHSBERG LAW SCHOOL OF TOURO UNIVERSITY. FOUR OF THE SIX TRUSTEES INCLUDING THE PRESIDENT OF THE BOARD OF TRUSTEES OF TOURO LAW CENTER DEVELOPMENT FOUNDATION, INC. ARE EMPLOYEES OF THE SUPPORTED ORGANIZATION. TOURO LAW CENTER DEVELOPMENT FOUNDATION, INC. IS CONSOLIDATED IN TOURO UNIVERSITY & RELATED ORGANIZATIONS' FINANCIAL STATEMENTS. ACCORDINGLY, TOURO UNIVERSITY MANAGES TOURO LAW CENTER DEVELOPMENT FOUNDATION, INC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2297924 29096 125527 1368 2451179 2061290 140440 96194 2297924 1949712 26822 175162 90406 2061290 2087249 11281 -52001 96817 1949712 2351845 66931 331527 2087249 0.99884 0.00116 0 0 0 DUE TO AFFILIATES 620465 620465 X PART V, LINE 4: ENDOWMENT FUNDS TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS, TO ADD OR IMPROVE FACILITIES, TO FUND RESEARCH AND TO PROVIDE ADDITIONAL PROGRAM FUNDS. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE TOURO LAW CENTER DEVELOPMENT FOUNDATION, INC. IS INCLUDED IN THE TOURO UNIVERSITY & RELATED ENTITIES CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION SUBSCRIBES TO A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2023 AND 2022, THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS NET ASSETS. 1 TOURO UNIVERSITY 50 WEST 47TH STREET NEW YORK NY 10036 132676570 501(C)(3) 20502 0 SCHOLARSHIPS 1 PART I, LINE 1 AND 2 FOUNDATION BOARD MEMBERS ARE IN REGULAR CONTACT WITH TOURO UNIVERSITY MANAGEMENT AND TOURO LAW CENTER MANAGEMENT ON GRANT UTILIZATION AND SELECTION PROCESS. 0 0 0 0 0 0 0 0 0 PATRICIA SALKIN TRUSTEE 0 431285 0 0 0 0 0 15250 0 101255 0 547790 0 0 ELENA LANGAN PRESIDENT 0 338036 0 0 0 0 0 15250 0 12879 0 366165 0 0 SCHEDULE J, PART II THE FILING ORGANIZATION, TOURO LAW CENTER DEVELOPMENT FOUNDATION, DOES NOT COMPENSATE ANY OF ITS OFFICERS OR TRUSTEES, NOR DOES IT HAVE ANY EMPLOYEES. THE OFFICERS AND DIRECTORS OF TOURO LAW CENTER DEVELOPMENT FOUNDATION ARE COMPENSATED BY TOURO UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO PROMOTE AND SUPPORT THE JACOB B. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY AND PERFORM ANY OTHER ACTS INCIDENTAL TO, CONNECTED WITH, OR IN ADVANCEMENT THEREOF. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE TOURO LAW CENTER DEVELOPMENT FOUNDATION INC. FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE, CONTROLLER AND SR VP/CFO OF TOURO UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION, REVIEW THE FORM 990. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE ANNUAL BOARD QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF CONFLICT INTEREST AND OTHER DETAILS, IS CIRCULATED TO ALL OF THE BOARD MEMBERS AND IS REVIEWED BY IN-HOUSE COUNSEL. OUR POLICIES REQUIRE THAT TRUSTEES, OFFICERS, AND KEY EMPLOYEES NOTIFY TOURO ANY TIME CONFLICTS OF INTEREST ARISE. IN THE EVENT THERE IS A CONFLICT OF INTEREST, OR AN APPEARANCE OF A CONFLICT OF INTEREST, THE INDIVIDUAL MUST RECUSE THEMSELVES FROM ANY DISCUSSIONS OR DECISIONS CONCERNING THE CONFLICT. FORM 990, PART VI, SECTION B, LINES 13 AND 14 POLICIES WHILE THE FOUNDATION HAS NOT ADOPTED WRITTEN WHISTLEBLOWER OR DOCUMENT RETENTION AND DESTRUCTION POLICIES, IT FOLLOWS THE POLICIES OF ITS SUPPORTED ORGANIZATION, TOURO UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION THE FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY AND THE FOUNDATION'S ONLY COMPENSATED BOARD MEMBERS AND OFFICERS ARE COMPENSATED BY TOURO UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION. TOURO UNIVERSITY DETERMINES SUCH COMPENSATION IN ACCORDANCE WITH ITS INTERNAL POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS 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 VII, SECTION A COMPENSATION OF OFFICERS, DIRECTORS AND EMPLOYEES THE FILING ORGANIZATION, TOURO LAW CENTER DEVELOPMENT FOUNDATION, DOES NOT COMPENSATE ANY OF ITS OFFICERS OR TRUSTEES, NOR DOES IT HAVE ANY EMPLOYEES. THE OFFICERS AND DIRECTORS OF TOURO LAW CENTER DEVELOPMENT FOUNDATION ARE COMPENSATED BY TOURO UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION. FORM 990, PART XI, LINE 9: PLEDGE WRITE OFFS -39,992. 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ALL TRANSACTIONS WITH DIRECTLY CONTROLLED ORGANIZATIONS ARE REPORTED ON PART V, LINE 2.