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Nonprofiteer
← LIFE UNIVERSITY INC

Form 990 for tax year 2023

Filed by LIFE UNIVERSITY INC.

Totals

Total revenue
$91,953,423
Total expenses
$94,945,024
Contributions and grants received
$1,702,125
Grants paid
$8,108,255
Program service revenue
$88,302,484
Investment income
$1,814,975
Other revenue
$133,839
Total assets, end of year
$125,711,837
Total liabilities, end of year
$98,037,501
Net assets or fund balances, end of year
$27,674,336
Program services expenses (Part IX)
$54,522,376
Management and general expenses
$39,455,698
Fundraising expenses
$966,950
Program service expenses (Part III)
$54,522,376

Program services were 57.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,702,125

  • 1g · Noncash contributions included above

    $235,040

  • 2a · Program service revenue: TUITION AND FEES

    total $78,273,351 · related or exempt $78,273,351

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $9,591,626 · related or exempt $9,591,626

  • 2c · Program service revenue: CLINICAL RECEIPTS

    total $437,507 · related or exempt $437,507

  • 3 · Investment income

    total $702,790 · unrelated business $0 · excluded $702,790

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $78,848

  • 6c · Rental income or loss

    real property $78,848 · personal property $0

  • 6d · Net rental income or loss

    total $78,848 · excluded $78,848

  • 7a · Gross sales of assets other than inventory

    securities $6,372,976 · other assets $420,684

  • 7b · Less cost or other basis and sales expenses

    securities $5,681,475 · other assets $0

  • 7c · Gain or loss

    securities $691,501 · other assets $420,684

  • 7d · Net gain or loss

    total $1,112,185 · excluded $1,112,185

  • 8a · Fundraising events: gross income

    $64,322

  • 8b · Fundraising events: direct expenses

    $9,331

  • 8c · Net income from fundraising events

    total $54,991 · excluded $54,991

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 2 · Grants to domestic individuals

    total $8,103,255 · program services $8,103,255

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,413,549 · program services $643,405 · management and general $500,693 · fundraising $269,451

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $35,577,223 · program services $27,383,918 · management and general $7,895,387 · fundraising $297,918

  • 8 · Pension plan contributions

    total $461,324 · program services $358,771 · management and general $97,420 · fundraising $5,133

  • 9 · Other employee benefits

    total $2,816,403 · program services $2,072,303 · management and general $729,385 · fundraising $14,715

  • 10 · Payroll taxes

    total $2,652,780 · program services $2,038,014 · management and general $575,539 · fundraising $39,227

  • 11a · Fees: management

    total $3,096,181 · management and general $3,096,181

  • 11b · Fees: legal

    total $924,044 · program services $10,083 · management and general $913,961

  • 11c · Fees: accounting

    total $223,128 · management and general $223,128

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,854,431 · program services $1,143,845 · management and general $4,572,727 · fundraising $137,859

  • 12 · Advertising and promotion

    total $1,294,871 · program services $81,573 · management and general $1,169,809 · fundraising $43,489

  • 13 · Office expenses

    total $4,071,894 · program services $1,724,029 · management and general $2,294,718 · fundraising $53,147

  • 14 · Information technology

    total $3,358,862 · program services $309,310 · management and general $3,009,420 · fundraising $40,132

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,540,053 · program services $1,540,888 · management and general $3,999,165

  • 17 · Travel

    total $2,145,514 · program services $1,695,623 · management and general $413,132 · fundraising $36,759

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,444,255 · program services $1,082,603 · management and general $332,532 · fundraising $29,120

  • 20 · Interest

    total $4,402,905 · management and general $4,402,905

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $8,668,992 · program services $5,294,940 · management and general $3,374,052

  • 23 · Insurance

    total $1,404,010 · program services $22,225 · management and general $1,381,785

  • 24a · Other expenses: AWARDS/CEREMONIES/GIFTS

    total $1,012,591 · program services $1,012,591

  • 24b · Other expenses: REPAIRS/MAINTENANCE

    total $334,546 · management and general $334,546

  • 24c · Other expenses: STUDENT ORGANIZATIONAL COSTS

    total $139,213 · management and general $139,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,927,979 · end of year $8,934,313

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,128,424 · end of year $756,494

  • 4 · Accounts receivable

    beginning of year $2,236,755 · end of year $1,439,056

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,949,969 · end of year $5,443,782

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,368,253 · end of year $2,912,290

  • 10a · Land, buildings and equipment: cost or other basis

    $213,985,871

  • 10b · Land, buildings and equipment: accumulated depreciation

    $131,679,344

  • 10c · Land, buildings and equipment, net

    beginning of year $87,493,434 · end of year $82,306,527

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $17,517,504 · end of year $18,742,518

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,440,332 · end of year $5,176,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,677,966 · end of year $7,477,639

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $90,237,983 · end of year $87,840,158

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,745,014 · end of year $2,719,704

  • 27 · Net assets without donor restrictions

    beginning of year $21,621,296 · end of year $18,042,555

  • 28 · Net assets with donor restrictions

    beginning of year $7,780,391 · end of year $9,631,781

Mission and programs · 2023

Mission

Life University is a not-for-profit educational institution. The mission of Life University is to empower each student with the education, skills, and values to maximize the perfection within, based upon a vitalistic philosophy. Life University is committed to a global vision and excellence in teaching, learning and research, providing an exceptional student experience leading to a life of Integrity and Lasting Purpose. Today, Life University is sustained by its chiropractic, undergraduate, and master's programs, which set the standard of excellence in contemporary health care education. Graduates Life University graduated a total of 577 students during the 2023-2024 academic year. The number of degrees awarded (577) were as follows: College Award College of Chiropractic 304 College of Graduate and Undergraduate Studies 273 ----- Total 577 Award Number of degrees awarded Bachelor's Degree 201 Master's Degree 72 Doctor of Chiropractic 304 ----- Total 577 University Academics Life Univer

Activities or mission (Part I)

LIFE UNIVERSITY IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION.

  • COLLEGE OF CHIROPRACTIC SEE SCHEDULE O

    Expenses $36,609,126 · Grants $5,372,239 · Revenue $72,124,166

  • COLLEGE OF UNDERGRADUATE STUDIES SEE SCHEDULE O

    Expenses $14,794,351 · Grants $2,355,921 · Revenue $14,054,204

  • MASTERS DEGREE PROGRAM SEE SCHEDULE O

    Expenses $2,048,768 · Grants $313,445 · Revenue $2,124,114

  • RESEARCH

    Expenses $1,070,131 · Grants $66,650

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Scott

    PRESIDENT

    Total calculated
    $490,390
    From this org
    $453,082
    From related orgs
    $0
    Other
    $37,308
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $411,262
    Bonus
    $0
    Other
    $41,820
    Deferred
    $9,062
    Nontaxable benefits
    $28,246
    Filer's total
    $490,390
  • William Jarr

    EXECUTIVE VP OF FINANCE

    Total calculated
    $303,640
    From this org
    $297,169
    From related orgs
    $0
    Other
    $6,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,154
    Bonus
    $0
    Other
    $27,015
    Deferred
    $5,944
    Nontaxable benefits
    $527
    Filer's total
    $303,640
  • Gilles Lamarche

    VP OF UNIVERSITY ADVANCEMENT

    Total calculated
    $269,768
    From this org
    $247,000
    From related orgs
    $0
    Other
    $22,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,740
    Nontaxable benefits
    $18,028
    Filer's total
    $269,768
  • Jana Holwick

    VP OF ACADEMIC AFFAIRS

    Total calculated
    $237,205
    From this org
    $223,164
    From related orgs
    $0
    Other
    $14,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,039
    Bonus
    $0
    Other
    $14,125
    Deferred
    $4,463
    Nontaxable benefits
    $9,578
    Filer's total
    $237,205
  • Marc Schneider

    VP OF STUDENT AFFAIRS

    Total calculated
    $184,835
    From this org
    $171,250
    From related orgs
    $0
    Other
    $13,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,808
    Bonus
    $0
    Other
    $17,442
    Deferred
    $3,425
    Nontaxable benefits
    $10,160
    Filer's total
    $184,835
  • John Downes

    VP GLOBAL INITIATIVES

    Total calculated
    $184,349
    From this org
    $163,644
    From related orgs
    $0
    Other
    $20,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,808
    Bonus
    $0
    Other
    $1,836
    Deferred
    $3,273
    Nontaxable benefits
    $17,432
    Filer's total
    $184,349
  • Roxanne Kemp

    CHIEF ONLINE EDUCATION OFFICER

    Total calculated
    $181,310
    From this org
    $152,953
    From related orgs
    $0
    Other
    $28,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,953
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,357
    Filer's total
    $181,310
  • Leslie King

    ASSOCIATE VP, ACADEMIC AFFAIRS

    Total calculated
    $172,258
    From this org
    $158,209
    From related orgs
    $0
    Other
    $14,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,496
    Bonus
    $0
    Other
    $5,713
    Deferred
    $3,050
    Nontaxable benefits
    $10,999
    Filer's total
    $172,258
  • Robert Fox

    PROFESSOR

    Total calculated
    $169,482
    From this org
    $150,295
    From related orgs
    $0
    Other
    $19,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,731
    Bonus
    $0
    Other
    $18,564
    Deferred
    $1,775
    Nontaxable benefits
    $17,412
    Filer's total
    $169,482
  • Mary Faust

    DEAN. COLLEGE OF GRADUATE & UG

    Total calculated
    $169,388
    From this org
    $165,805
    From related orgs
    $0
    Other
    $3,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,953
    Bonus
    $0
    Other
    $12,852
    Deferred
    $3,316
    Nontaxable benefits
    $267
    Filer's total
    $169,388
  • Michael Clusserath

    DEAN. COLLEGE OF CHIROPRACTIC

    Total calculated
    $156,673
    From this org
    $152,953
    From related orgs
    $0
    Other
    $3,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,953
    Bonus
    $0
    Other
    $0
    Deferred
    $3,059
    Nontaxable benefits
    $661
    Filer's total
    $156,673
  • Jeffrey Aita

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Eddy Diaz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sandra Elbaum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Kevin Fogarty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6
  • Aaron Gagnon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Janell Gibson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Richard Giuli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • R James Gregg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25
  • Jack Griesbaum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jay Handt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Leana Kart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Stuart Katzen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Joseph Lupo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Randolph O'Dell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mary Olodun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A:
TRAVEL FOR COMPANIONS PER THE TERMS OF HIS EMPLOYMENT AGREEMENT, THE PRESIDENT IS AFFORDED THE BENEFITS AS INDICATED ON LINE 1A.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LIFE ACCELERATOR HOLDINGS INC

    C CORP · HEALTHCARE · GA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by LIFE UNIVERSITY

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202531269349300033

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