Touro University

“Yoram neumann and edith neumann are husband and wife.”

“Members of organization touro college is the sole member of the filing entity.”

“Touro college is the sole member of the filing entity. As such, touro college elects all members of the board.”

“Form 990 review process controller, auditors, officers and the audit committee of the board of directors of the organization review the form 990.”

“Disclosure of interest the annual board questionnaire, which requires disclosure of conflicts of interest and other details, is circulated to all of the board members and is reviewed by in-house counsel.”

“Executive compensation the board and officers, who are free of any conflict, approve executive hiring decisions. In making compensation determinations, consideration is given to expert reports and compensation trends in the industry, qualifications and other merits of the candidates. All such decisions are documented. Compensation is reviewed for senior management when their contracts are renewed.”

“The form 990 and related information are made available to the public, certain governing policies are included on the touro college website; however, governing documents and the conflict of interest policy are not made public. The annual financial statements are filed on the electronic municipal access system (emma) where they are available to the public.”

“Description of organization mission the university's operations consists of touro university california (tuc), located in vallejo, ca, which offers degrees in osteopathic medicine and pharmacy and various masters degrees, and touro university worldwide which operates a distance learning unit offering bachelor, masters and doctoral degrees and, through touro college los angeles, offers bachelor degrees in business management and administration, and psychology.”

“Academic support: touro college has provided academic support and administrative support to touro university since inception. From time to time touro university provides support for academic programs of touro college. During this reporting year, the board of touro university voted to forgive a portion of the receivable from touro college that had arisen over the years in the context of academic support and that forgiveness ($13,500,000) is reported as a grant to touro college.”