Nonprofit · EIN 72-1169939
TOURO INFIRMARY FOUNDATION
Tax-exempt · NEW ORLEANS, LA 70115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,026,334 | $860,399 | $3,165,935 | $67,610,657 | $10,279 | $67,600,378 |
| December 31, 2023 | 990 | $1,532,558 | $903,607 | $628,951 | $63,387,583 | $65,669 | $63,321,914 |
| December 31, 2022 | 990 | $4,697,031 | $710,735 | $3,986,296 | $57,815,769 | $1,103,751 | $56,712,018 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $540,353
- of which government grants
- $23,800
- Program service revenue
- $0
- Investment income
- $3,433,908
- Net gain from sales of assets
- $2,683,702
- Net income from fundraising events
- $52,018
- Other revenue
- $52,073
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $124,455
- Salaries, compensation and benefits (total)
- $143,786
- Professional fundraising fees
- $88,000
- Accounting fees
- $1,300
- Occupancy
- $5,820
- Travel
- $1,822
- Program services (functional)
- $770,144
- Management and general (functional)
- $2,255
- Fundraising (functional)
- $88,000
Balance sheet and other
- Total assets, start of year
- $63,387,583
- Total assets, end of year
- $67,610,657
- Total liabilities, end of year
- $10,279
- Net assets, end of year
- $67,600,378
- Publicly traded securities
- $55,007,018
- Net assets without donor restrictions
- $57,035,201
- Net assets with donor restrictions
- $10,565,177
- Gross receipts
- $37,931,238
- Employees
- 3
- Volunteers
- 1
- Year formed
- 1991
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTOPHER J LEGE MD | PRESIDENT AND CEO, EX OFFICIO Trustee or director | 1 | $0 | $686,854 | $125,592 |
| JAY PENNISON | TOURO CEO, EX-OFFICIO Trustee or director | 1 | $0 | $434,583 | $40,378 |
| MANNY LINARES | FOMER BOARD MEMBER Former | 0 | $0 | $225,434 | $9,319 |
| JESSICA MUNTZ | SENIOR DIRECTOR OF MARKETING AND DEVELOPMENT, EX-O Trustee or director | 1 | $0 | $139,431 | $12,567 |
| TIFFANY DELCOUR | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ZACHARY H KUPPERMAN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NEWLAND K WORLEY | 2ND PAST GOVERNING BOARD CHAIR, EX OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| MAX ZWAIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEREDITH MAXWELL | PAST CHAIR, EX OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE KASTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FREDDY KULLMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PAUL S ROSENBLUM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLAY SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ADRIAN COHN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL NORMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY SCHWARTZ | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MANNY LINARES | FORMER PRESIDENT Trustee or director, Officer | 3 | $0 | $964,507 | $31,901 |
| DR CHRISTOPHER LEGE | BOARD MEMBER Trustee or director | 1 | $0 | $546,240 | $23,064 |
| JAY PENNISSON | BOARD MEMBER Trustee or director | 1 | $0 | $391,739 | $29,697 |
| PAUL ROSENBLUM | BOARD MEMBER Trustee or director | 3 | $0 | $308,055 | $24,239 |
| JOSH FRIEDMAN | EXECUTIVE DIRECTOR Officer | 45 | $0 | $105,392 | $4,130 |
| JOY BRAUN | GOVERNING BOARD PAST PRESIDENT, EX OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| ADRIAN COHN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLAY SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM D NORMAN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 | $0 |
| MEREDITH MAXWELL | PAST CHAIR Trustee or director | 5 | $0 | $0 | $0 |
| TIFFANY DELCOUR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MAX ZWAIN | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ZACH KUPPERMAN | SECRETARY, TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHANIE KASTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FREDDY KULLMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF SCHWARTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MANNY LINARES | PRESIDENT Trustee or director, Officer | 3 | $0 | $676,040 | $32,276 |
| BRAD SINCLAIR | BOARD MEMBER Trustee or director | 1 | $0 | $393,711 | $18,864 |
| MEREDITH MAXWELL | CURRENT CHAIR Trustee or director, Officer | 5 | $0 | $268,241 | $28,585 |
| JOSH FRIEDMANN | EXECUTIVE DIRECTOR Officer | 45 | $0 | $99,746 | $5,068 |
| JOY BRAUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ADRIAN COHN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLAY SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAY SHAMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PAUL ROSENBLUM | BOARD MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| WILLIAM D NORMAN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 | $0 |
| TIFFANY DELCOUR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MAX ZWAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ZACH KUPPERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE KASTON | PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| TOM OELSNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1401 FOUCHER ST, NEW ORLEANS, LA 70115-3515
- In care of
- % FLO SCHORNSTEIN
- Principal officer (990 for 2024)
- JAY PENNISSON, 1401 FOUCHER STREET, NEW ORLEANS, LA 70115
- Signed the 990
- JOANN KUNKEL, CFO
- Phone
- (504) 897-8435
- Return prepared by
- LAPORTE APAC
Mission
THE TOURO INFIRMARY FOUNDATION HAS BEEN ESTABLISHED FOR THE PURPOSE OF ASSISTING TOURO INFIRMARY TO ACHIEVE ITS MISSION OF CONTINUING TO PROVIDE QUALITY HEALTHCARE AND RELATED SERVICES TO THE NEW ORLEANS COMMUNITY.
Program accomplishments
- PROVIDE GRANTS, GIFTS AND OTHER DISTRIBUTIONS TO SUPPORT TOURO INFIRMARY'S CHARITY CARE INITIATIVES, CAPITAL EQUIPMENT NEEDS, COMMUNITY OUTREACH PROGRAMS (HEALTH CARE EDUCATION), NURSE EDUCATION AND RECRUITMENT, MEDICAL EDUCATION AND EMPLOYEE CRISIS ASSISTANCE.Expenses $770,144
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1169939
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $67,610,657
- Income (IRS master file)
- $37,931,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,026,334 | $860,399 | $67,610,657 | XML |
| 990 | December 2023 | $1,532,558 | $903,607 | $63,387,583 | XML |
| 990 | December 2022 | $4,697,031 | $710,735 | $57,815,769 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1169939).
Questions about TOURO INFIRMARY FOUNDATION
- What is the EIN of TOURO INFIRMARY FOUNDATION?
- The employer identification number (EIN) of TOURO INFIRMARY FOUNDATION is 72-1169939.
- Is TOURO INFIRMARY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to TOURO INFIRMARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TOURO INFIRMARY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOURO INFIRMARY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOURO INFIRMARY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TOURO INFIRMARY FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAY PENNISSON.
- Who are the officers and directors of TOURO INFIRMARY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does TOURO INFIRMARY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,026,334, expenses of $860,399 and total assets of $67,610,657 at year end.
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