Totals
- Total revenue
- $8,108,035
- Total expenses
- $8,037,398
- Contributions and grants received
- $2,994,607
- Grants paid
- $4,500
- Program service revenue
- $5,059,226
- Investment income
- $54,202
- Other revenue
- $0
- Total assets, end of year
- $14,045,598
- Total liabilities, end of year
- $9,135,990
- Net assets or fund balances, end of year
- $4,909,608
- Program services expenses (Part IX)
- $4,192,983
- Management and general expenses
- $3,844,415
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,192,983
Program services were 52.2% 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.
-
1e · Government grants (contributions)
$413,245
-
1f · All other contributions, gifts and grants
$2,581,362
-
1g · Noncash contributions included above
$200,000
-
2a · Program service revenue: TUITION REVENUE
total $4,695,508 · related or exempt $4,695,508
-
2b · Program service revenue: STUDENT FEES
total $351,481 · related or exempt $351,481
-
2c · Program service revenue: APPLICATION FEES
total $2,237 · related or exempt $2,237
-
2f · All other program service revenue
total $10,000 · related or exempt $10,000
-
3 · Investment income
total $54,202 · related or exempt $54,202
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,500 · program services $4,500
-
7 · Other salaries and wages
total $4,752,905 · program services $3,640,232 · management and general $1,112,673
-
8 · Pension plan contributions
total $180,410 · management and general $180,410
-
9 · Other employee benefits
total $229,010 · management and general $229,010
-
10 · Payroll taxes
total $358,181 · management and general $358,181
-
11b · Fees: legal
total $55,179 · management and general $55,179
-
11c · Fees: accounting
total $34,750 · management and general $34,750
-
11g · Fees: other
total $263,921 · program services $156,126 · management and general $107,795
-
12 · Advertising and promotion
total $96,383 · program services $10,933 · management and general $85,450
-
13 · Office expenses
total $121,846 · program services $5,991 · management and general $115,855
-
14 · Information technology
total $404,704 · program services $190,352 · management and general $214,352
-
16 · Occupancy
total $159,467 · program services $67,208 · management and general $92,259
-
17 · Travel
total $148,632 · program services $108,485 · management and general $40,147
-
20 · Interest
total $300,219 · management and general $300,219
-
22 · Depreciation, depletion and amortization
total $345,108 · management and general $345,108
-
23 · Insurance
total $149,294 · program services $3,780 · management and general $145,514
-
24a · Other expenses: CREDIT LOSS EXPENSE
total $212,943 · management and general $212,943
-
24b · Other expenses: SMALL EQUIPMENT AND REP
total $124,545 · program services $4,858 · management and general $119,687
-
24c · Other expenses: MISCELLANEOUS
total $46,122 · program services $413 · management and general $45,709
-
24d · Other expenses: OPERATING LEASE EXPENSE
total $45,024 · management and general $45,024
-
24e · All other expenses
total $4,255 · program services $105 · management and general $4,150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,226,225 · end of year $3,260,698
-
4 · Accounts receivable
beginning of year $636,729 · end of year $1,637,423
-
9 · Prepaid expenses and deferred charges
beginning of year $173,734 · end of year $235,744
-
10a · Land, buildings and equipment: cost or other basis
$11,218,087
-
10b · Land, buildings and equipment: accumulated depreciation
$2,718,418
-
10c · Land, buildings and equipment, net
beginning of year $8,357,990 · end of year $8,499,669
-
15 · Other assets
beginning of year $681,294 · end of year $412,064
-
17 · Accounts payable and accrued expenses
beginning of year $653,077 · end of year $767,456
-
19 · Deferred revenue
beginning of year $2,162,892 · end of year $2,200,458
-
23 · Secured mortgages and notes payable
beginning of year $6,152,493 · end of year $5,982,084
-
25 · Other liabilities
beginning of year $268,539 · end of year $185,992
-
27 · Net assets without donor restrictions
beginning of year $4,826,850 · end of year $4,909,396
-
28 · Net assets with donor restrictions
beginning of year $12,121 · end of year $212
Mission and programs · 2023
Mission
LARKIN UNIVERSITY IS A PRIVATE NON-PROFIT HIGHER EDUCATION INSTITUTION FOCUSING ON MASTER'S AND DOCTORAL LEVEL PROGRAMS IN HEALTH PROFESSIONS TO EMPOWER DIVERSE GRADUATES WHO REFLECT THE DEMOGRAPHICS OF THE HEALTHCARE NEEDS OF THE COMMUNITIES WE SERVE.
Activities or mission (Part I)
OUR MISSIONLARKIN UNIVERSITY IS A PRIVATE NON-PROFIT HIGHER EDUCATION INSTITUTION FOCUSING ON MASTER'S AND DOCTORAL LEVEL PROGRAMS IN HEALTH PROFESSIONS TO EMPOWER DIVERSE GRADUATES WHO REFLECT THE DEMOGRAPHICS OF THE HEALTHCARE NEEDS OF THE COMMUNITIES WE SERVE.OUR VISIONTO BECOME A NATIONALLY AND INTERNATIONALLY RECOGNIZED UNIVERSITY THROUGH OUR EDUCATIONAL PROGRAMS, RESEARCH AND SCHOLARLY ACTIVITY, AND DEVELOPMENT OF SOLUTIONS THAT PROMOTE THE COMMON GOOD OF HEALTH CARE AND SOCIETY.OUR CORE VALUESLARKIN UNIVERSITY IS COMMITTED TO:ACCOUNTABILITYCOMMUNITY SERVICEDIVERSITYEXCELLENCEINTEGRITYRESEARCHSOCIAL JUSTICE
-
UNIVERSITY GRADUATE AND DOCTORAL LEVEL EDUCATIONAL SERVICES IN HEALTH PROFESSIONS LEADING TO A DOCTORAL DEGREE IN PHARMACY OR MASTER IN BIOMEDICAL SCIENCES.
Expenses $4,192,983 · Grants $4,500 · Revenue $5,113,428
As filed on the 2023 return.
Listed in Part VII
-
Mark KentMARK KENT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Illeana RodriguezILLEANA RODRIGUEZ
VICE BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Marilyn RomanMARILYN ROMAN
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Cecilia RokusekCECILIA ROKUSEK
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Angelo GouseeANGELO GOUSEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marie-Flore Lindor-La TortueMARIE-FLORE LINDOR-LA TORTUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jack MichelJACK MICHEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Blanca RiveraBLANCA RIVERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sandy Sosa-GuerreroSANDY SOSA-GUERRERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Leonard Levy Until Jan 2023DR LEONARD LEVY UNTIL JAN 2023
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Georg Patroianu Until Jan 2023DR GEORG PATROIANU UNTIL JAN 2023
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Rudi EttrichDR RUDI ETTRICH
PRESIDENT/CEO
- Total calculated
- $169,364
- From this org
- $169,364
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,364
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $169,364
-
Ruth NemireRUTH NEMIRE
DEAN
- Total calculated
- $240,385
- From this org
- $240,385
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,385
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $240,385
-
Subrata DebSUBRATA DEB
CHAIR DPS
- Total calculated
- $156,346
- From this org
- $156,346
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,346
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $156,346
-
Alan FessendenALAN FESSENDEN
CFO
- Total calculated
- $152,464
- From this org
- $152,464
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,464
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $152,464
-
Jayesh ParmarJAYESH PARMAR
VICE CHAIR
- Total calculated
- $148,077
- From this org
- $148,077
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lynne ArricLYNNE ARRIC
ASSOC DEAN
- Total calculated
- $146,635
- From this org
- $146,635
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Andrea MurzelloANDREA MURZELLO
ASST DEAN
- Total calculated
- $132,400
- From this org
- $132,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442699349302004
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.