Totals
- Total revenue
- $89,113,422
- Total expenses
- $90,466,698
- Contributions and grants received
- $2,305,623
- Grants paid
- $8,606,991
- Program service revenue
- $85,151,009
- Investment income
- $1,419,291
- Other revenue
- $237,499
- Total assets, end of year
- $121,040,508
- Total liabilities, end of year
- $93,981,836
- Net assets or fund balances, end of year
- $27,058,672
- Program services expenses (Part IX)
- $54,896,948
- Management and general expenses
- $34,393,826
- Fundraising expenses
- $1,175,924
- Program service expenses (Part III)
- $54,896,948
Program services were 60.7% 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
$2,305,623
-
1g · Noncash contributions included above
$33,840
-
2a · Program service revenue: TUITION AND FEES
total $74,411,529 · related or exempt $74,411,529
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $10,221,908 · related or exempt $10,221,908
-
2c · Program service revenue: CLINICAL RECEIPTS
total $517,572 · related or exempt $517,572
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $638,787 · excluded $638,787
-
6a · Gross rents
real property $151,622
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $151,622 · personal property $0
-
6d · Net rental income or loss
total $151,622 · excluded $151,622
-
7a · Gross sales of assets other than inventory
securities $3,086,126
-
7b · Less cost or other basis and sales expenses
securities $2,305,622
-
7c · Gain or loss
securities $780,504 · other assets $0
-
7d · Net gain or loss
total $780,504 · excluded $780,504
-
8a · Fundraising events: gross income
$99,689
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$13,812
-
8c · Net income from fundraising events
total $85,877 · excluded $85,877
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,606,991 · program services $8,606,991
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,883,990 · program services $642,337 · management and general $971,455 · fundraising $270,198
-
7 · Other salaries and wages
total $32,678,506 · program services $26,951,219 · management and general $5,278,578 · fundraising $448,709
-
8 · Pension plan contributions
total $1,125,406 · program services $847,023 · management and general $267,286 · fundraising $11,097
-
9 · Other employee benefits
total $2,978,453 · program services $2,136,100 · management and general $819,120 · fundraising $23,233
-
10 · Payroll taxes
total $2,737,321 · program services $2,076,885 · management and general $616,931 · fundraising $43,505
-
11a · Fees: management
total $2,586,401 · management and general $2,586,401
-
11b · Fees: legal
total $335,803 · program services $5,691 · management and general $330,112
-
11c · Fees: accounting
total $253,648 · management and general $253,648
-
11g · Fees: other
total $6,181,242 · program services $1,495,506 · management and general $4,555,878 · fundraising $129,858
-
12 · Advertising and promotion
total $816,265 · program services $82,559 · management and general $692,473 · fundraising $41,233
-
13 · Office expenses
total $3,811,763 · program services $1,652,607 · management and general $2,070,783 · fundraising $88,373
-
14 · Information technology
total $3,532,756 · program services $345,892 · management and general $3,140,620 · fundraising $46,244
-
16 · Occupancy
total $4,128,258 · program services $1,452,438 · management and general $2,675,010 · fundraising $810
-
17 · Travel
total $2,003,412 · program services $1,570,067 · management and general $397,800 · fundraising $35,545
-
19 · Conferences, conventions and meetings
total $974,462 · program services $696,063 · management and general $241,280 · fundraising $37,119
-
20 · Interest
total $4,276,069 · management and general $4,276,069
-
22 · Depreciation, depletion and amortization
total $8,479,180 · program services $5,182,212 · management and general $3,296,968
-
23 · Insurance
total $1,533,040 · program services $41,185 · management and general $1,491,855
-
24a · Other expenses: AWARDS/CEREMONIES/GIFTS
total $1,112,065 · program services $1,112,065
-
24b · Other expenses: REPAIRS/MAINTENANCE
total $155,960 · program services $108 · management and general $155,852
-
24c · Other expenses: STUDENT ORGANIZATIONAL COSTS
total $275,707 · management and general $275,707
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,934,313 · end of year $9,649,873
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $756,494 · end of year $838,926
-
4 · Accounts receivable
beginning of year $1,439,056 · end of year $2,282,858
-
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 $5,443,782 · end of year $4,588,218
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,912,290 · end of year $1,780,491
-
10a · Land, buildings and equipment: cost or other basis
$215,874,563
-
10b · Land, buildings and equipment: accumulated depreciation
$140,145,312
-
10c · Land, buildings and equipment, net
beginning of year $82,306,527 · end of year $75,729,251
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $18,742,518 · end of year $20,781,569
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $5,176,857 · end of year $5,389,322
-
17 · Accounts payable and accrued expenses
beginning of year $7,477,639 · end of year $6,570,611
-
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 $87,840,158 · end of year $85,210,314
-
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 $2,719,704 · end of year $2,200,911
-
27 · Net assets without donor restrictions
beginning of year $18,042,555 · end of year $14,948,921
-
28 · Net assets with donor restrictions
beginning of year $9,631,781 · end of year $12,109,751
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
LIFE UNIVERSITY IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION.
-
COLLEGE OF CHIROPRACTIC (SEE SCHEDULE O)
Expenses $37,193,285 · Grants $5,786,492 · Revenue $67,823,556
-
COLLEGE OF UNDERGRADUATE STUDIES (SEE SCHEDULE O)
Expenses $14,281,387 · Grants $2,411,479 · Revenue $14,981,455
-
MASTERS DEGREE PROGRAM (SEE SCHEDULE O)
Expenses $2,069,540 · Grants $334,770 · Revenue $2,345,998
-
RESEARCH
Expenses $1,352,736 · Grants $74,250
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aaron Gagnon
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jack Griesbaum
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Janell Gibson
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jay Handt
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey Aita
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Lupo
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Fogarty
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Leana Kart
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Randy O'Dell
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Richard Giuli
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Elbaum
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Stuart Katzen
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
William Cullen
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Cedric Gaddy
Chief Financial Officer
- Total calculated
- $159,683
- From this org
- $143,694
- From related orgs
- $0
- Other
- $15,989
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,631
- Bonus
- $0
- Other
- $13,063
- Deferred
- $308
- Nontaxable benefits
- $15,681
- Filer's total
- $159,683
-
Gilles Lamarche
VP of University Advancement
- Total calculated
- $269,157
- From this org
- $247,000
- From related orgs
- $0
- Other
- $22,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,000
- Bonus
- $0
- Other
- $0
- Deferred
- $4,750
- Nontaxable benefits
- $17,407
- Filer's total
- $269,157
-
Jana Holwick
Provost/CAO
- Total calculated
- $280,926
- From this org
- $264,000
- From related orgs
- $0
- Other
- $16,926
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,000
- Bonus
- $0
- Other
- $24,000
- Deferred
- $5,280
- Nontaxable benefits
- $11,646
- Filer's total
- $280,926
-
John Downes
VP Global Initiatives
- Total calculated
- $187,027
- From this org
- $166,336
- From related orgs
- $0
- Other
- $20,691
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,500
- Bonus
- $0
- Other
- $1,836
- Deferred
- $3,327
- Nontaxable benefits
- $17,364
- Filer's total
- $187,027
-
Marc Schneider
VP of Operations
- Total calculated
- $175,101
- From this org
- $171,354
- From related orgs
- $0
- Other
- $3,747
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,776
- Bonus
- $0
- Other
- $15,578
- Deferred
- $3,427
- Nontaxable benefits
- $320
- Filer's total
- $175,101
-
Robert Scott
President
- Total calculated
- $495,086
- From this org
- $460,020
- From related orgs
- $0
- Other
- $35,066
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $418,200
- Bonus
- $0
- Other
- $41,820
- Deferred
- $8,493
- Nontaxable benefits
- $26,573
- Filer's total
- $495,086
-
William Jarr
Executive VP of Finance
- Total calculated
- $307,792
- From this org
- $301,400
- From related orgs
- $0
- Other
- $6,392
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $274,000
- Bonus
- $0
- Other
- $27,400
- Deferred
- $6,028
- Nontaxable benefits
- $364
- Filer's total
- $307,792
-
Bernadette Lavender
Associate Dean
- Total calculated
- $160,544
- From this org
- $142,884
- From related orgs
- $0
- Other
- $17,660
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,316
- Bonus
- $0
- Other
- $23,568
- Deferred
- $2,774
- Nontaxable benefits
- $14,886
- Filer's total
- $160,544
-
Leslie King
Associate VP of Academic Affairs
- Total calculated
- $169,427
- From this org
- $165,880
- From related orgs
- $0
- Other
- $3,547
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,200
- Bonus
- $0
- Other
- $2,680
- Deferred
- $3,264
- Nontaxable benefits
- $283
- Filer's total
- $169,427
-
Mary Faust
Professor
- Total calculated
- $155,471
- From this org
- $152,161
- From related orgs
- $0
- Other
- $3,310
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,227
- Bonus
- $0
- Other
- $11,934
- Deferred
- $3,043
- Nontaxable benefits
- $267
- Filer's total
- $155,471
-
Michael Clusserath
Dean of College of Chiropractic
- Total calculated
- $158,695
- From this org
- $155,295
- From related orgs
- $0
- Other
- $3,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,295
- Bonus
- $0
- Other
- $0
- Deferred
- $3,106
- Nontaxable benefits
- $294
- Filer's total
- $158,695
-
Robert Fox
Professor
- Total calculated
- $173,823
- From this org
- $153,277
- From related orgs
- $0
- Other
- $20,546
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,749
- Bonus
- $0
- Other
- $19,528
- Deferred
- $2,674
- Nontaxable benefits
- $17,872
- Filer's total
- $173,823
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 Corporation · 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
- 2024
- Filed
- 7 May 2026
- IRS schema version
- 2024v5.1
- Source object
- 202621279349304462
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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