Totals
- Total revenue
- $90,628,907
- Total expenses
- $92,654,319
- Contributions and grants received
- $4,883,210
- Grants paid
- $7,705,421
- Program service revenue
- $85,038,381
- Investment income
- $454,527
- Other revenue
- $252,789
- Total assets, end of year
- $131,062,650
- Total liabilities, end of year
- $101,660,963
- Net assets or fund balances, end of year
- $29,401,687
- Program services expenses (Part IX)
- $51,901,235
- Management and general expenses
- $39,721,283
- Fundraising expenses
- $1,031,801
- Program service expenses (Part III)
- $51,901,235
Program services were 56.0% 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)
$2,348,057
-
1f · All other contributions, gifts and grants
$2,535,153
-
1g · Noncash contributions included above
$176,404
-
2a · Program service revenue: TUITION AND FEES
total $76,349,017 · related or exempt $76,349,017
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $8,549,808 · related or exempt $8,549,808
-
2c · Program service revenue: CLINICAL RECEIPTS
total $139,556 · related or exempt $139,556
-
3 · Investment income
total $545,981 · unrelated business $0 · excluded $545,981
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $217,074
-
6c · Rental income or loss
real property $217,074 · personal property $0
-
6d · Net rental income or loss
total $217,074 · excluded $217,074
-
7a · Gross sales of assets other than inventory
securities $752,970
-
7b · Less cost or other basis and sales expenses
securities $844,424
-
7c · Gain or loss
securities -$91,454
-
7d · Net gain or loss
total -$91,454 · excluded -$91,454
-
8a · Fundraising events: gross income
$46,405
-
8b · Fundraising events: direct expenses
$10,690
-
8c · Net income from fundraising events
total $35,715 · excluded $35,715
-
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 $21,000 · program services $21,000
-
2 · Grants to domestic individuals
total $7,684,421 · program services $7,684,421
-
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 $2,976,514 · program services $1,288,989 · management and general $1,396,853 · fundraising $290,672
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $33,194,191 · program services $26,963,477 · management and general $5,828,050 · fundraising $402,664
-
8 · Pension plan contributions
total $348,233 · program services $297,167 · management and general $51,066
-
9 · Other employee benefits
total $2,686,828 · program services $2,045,369 · management and general $624,670 · fundraising $16,789
-
10 · Payroll taxes
total $2,475,834 · program services $1,959,484 · management and general $474,095 · fundraising $42,255
-
11a · Fees: management
total $2,844,420 · management and general $2,844,420
-
11b · Fees: legal
total $167,190 · program services $5,648 · management and general $161,542
-
11c · Fees: accounting
total $130,059 · management and general $130,059
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $24,729 · management and general $24,729
-
11g · Fees: other
total $6,564,794 · program services $989,912 · management and general $5,484,806 · fundraising $90,076
-
12 · Advertising and promotion
total $1,411,380 · program services $101,790 · management and general $1,275,551 · fundraising $34,039
-
13 · Office expenses
total $4,010,906 · program services $1,730,880 · management and general $2,227,494 · fundraising $52,532
-
14 · Information technology
total $3,200,313 · program services $405,956 · management and general $2,757,663 · fundraising $36,694
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,721,365 · program services $342,195 · management and general $4,379,170
-
17 · Travel
total $2,115,209 · program services $1,701,607 · management and general $373,933 · fundraising $39,669
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,108,888 · program services $725,926 · management and general $356,551 · fundraising $26,411
-
20 · Interest
total $4,520,477 · management and general $4,520,477
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $7,707,416 · program services $4,701,151 · management and general $3,006,265
-
23 · Insurance
total $1,184,178 · program services $15,590 · management and general $1,168,588
-
24a · Other expenses: AWARDS/CEREMONIES/GIFTS
total $2,156,935 · management and general $2,156,935
-
24b · Other expenses: REPAIRS/MAINTENANCE
total $920,673 · program services $920,673
-
24c · Other expenses: STUDENT ORGANIZATIONAL COSTS
total $478,366 · management and general $478,366
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,248,799 · end of year $12,927,979
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,138,595 · end of year $1,128,424
-
4 · Accounts receivable
beginning of year $4,436,250 · end of year $2,236,755
-
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 $2,936,818 · end of year $2,949,969
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,483,600 · end of year $2,368,253
-
10a · Land, buildings and equipment: cost or other basis
$210,523,516
-
10b · Land, buildings and equipment: accumulated depreciation
$123,030,082
-
10c · Land, buildings and equipment, net
beginning of year $85,943,720 · end of year $87,493,434
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $14,719,562 · end of year $17,517,504
-
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 $4,291,676 · end of year $4,440,332
-
17 · Accounts payable and accrued expenses
beginning of year $6,969,905 · end of year $8,677,966
-
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 $92,421,628 · end of year $90,237,983
-
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 $4,722,190 · end of year $2,745,014
-
27 · Net assets without donor restrictions
beginning of year $22,551,954 · end of year $21,621,296
-
28 · Net assets with donor restrictions
beginning of year $7,533,343 · end of year $7,780,391
Mission and programs · 2022
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 646 STUDENTS DURING THE 2022-2023 ACADEMIC YEAR. THE NUMBER OF DEGREES AWARDED (712) WERE AS FOLLOWS: COLLEGE AWARD COLLEGE OF CHIROPRACTIC 423 COLLEGE OF GRADUATE AND UNDERGRADUATE STUDIES 289 ------ TOTAL 712 AWARD NUMBER OF DEGREES AWARDED ASSOCIATES DEGREE 17 BACHELOR'S DEGREE 210 MASTER'S DEGREE 62 DOCTOR OF CHIROPRACTIC 423 ------- TOTAL 712 UNIVERSI
Activities or mission (Part I)
LIFE UNIVERSITY IS NOT FOR PROFIT EDUCATIONAL INSTITUTION.
-
COLLEGE OF CHIROPRACTIC SEE SCHEDULE O
Expenses $31,857,305 · Grants $4,620,564 · Revenue $69,771,280
-
COLLEGE OF UNDERGRADUATE STUDIES SEE SCHEDULE O
Expenses $16,611,942 · Grants $2,673,187 · Revenue $13,387,710
-
MASTERS DEGREE PROGRAM SEE SCHEDULE O
Expenses $2,353,806 · Grants $352,470 · Revenue $1,879,391
-
RESEARCH
Expenses $1,078,182 · Grants $59,200
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert ScottROBERT SCOTT
PRESIDENT
- Total calculated
- $463,136
- From this org
- $416,210
- From related orgs
- $0
- Other
- $46,926
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $376,652
- Bonus
- $0
- Other
- $39,558
- Deferred
- $10,593
- Nontaxable benefits
- $36,333
- Filer's total
- $463,136
-
William JarrWILLIAM JARR
EXECUTIVE VP OF FINANCE
- Total calculated
- $312,851
- From this org
- $278,506
- From related orgs
- $0
- Other
- $34,345
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,929
- Bonus
- $0
- Other
- $26,577
- Deferred
- $8,960
- Nontaxable benefits
- $25,385
- Filer's total
- $312,851
-
Gilles LamarcheGILLES LAMARCHE
VP UNIV. Advancement
- Total calculated
- $259,073
- From this org
- $226,600
- From related orgs
- $0
- Other
- $32,473
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $226,600
- Bonus
- $0
- Other
- $0
- Deferred
- $6,850
- Nontaxable benefits
- $25,623
- Filer's total
- $259,073
-
Timothy GrossTIMOTHY GROSS
VP INST. PLANNING & EFFECTIVEN
- Total calculated
- $237,083
- From this org
- $218,024
- From related orgs
- $0
- Other
- $19,059
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,024
- Bonus
- $0
- Other
- $0
- Deferred
- $6,923
- Nontaxable benefits
- $12,136
- Filer's total
- $237,083
-
Jana HolwickJANA HOLWICK
VP OF ACADEMIC AFFAIRS
- Total calculated
- $197,449
- From this org
- $179,662
- From related orgs
- $0
- Other
- $17,787
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,662
- Bonus
- $0
- Other
- $0
- Deferred
- $5,459
- Nontaxable benefits
- $12,328
- Filer's total
- $197,449
-
John DownesJOHN DOWNES
VP GLOBAL INITIATIVES
- Total calculated
- $174,961
- From this org
- $143,929
- From related orgs
- $0
- Other
- $31,032
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,093
- Bonus
- $0
- Other
- $1,836
- Deferred
- $4,891
- Nontaxable benefits
- $26,141
- Filer's total
- $174,961
-
Marc SchneiderMARC SCHNEIDER
VP STUDENT AFFAIRS
- Total calculated
- $171,434
- From this org
- $154,081
- From related orgs
- $0
- Other
- $17,353
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,149
- Bonus
- $0
- Other
- $11,932
- Deferred
- $5,004
- Nontaxable benefits
- $12,349
- Filer's total
- $171,434
-
Gerard ClumGERARD CLUM
PRE. LIAISON FOR EXT. AFFAIRS
- Total calculated
- $171,003
- From this org
- $165,121
- From related orgs
- $0
- Other
- $5,882
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,421
- Bonus
- $0
- Other
- $5,700
- Deferred
- $5,098
- Nontaxable benefits
- $784
- Filer's total
- $171,003
-
Michael ClusserathMICHAEL CLUSSERATH
DEAN. COLLEGE OF CHIROPRACTIC
- Total calculated
- $169,325
- From this org
- $139,413
- From related orgs
- $0
- Other
- $29,912
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,413
- Bonus
- $0
- Other
- $0
- Deferred
- $4,310
- Nontaxable benefits
- $25,602
- Filer's total
- $169,325
-
Mary FaustMARY FAUST
DEAN. COLLEGE OF GRADUATE & UG
- Total calculated
- $163,815
- From this org
- $158,885
- From related orgs
- $0
- Other
- $4,930
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,705
- Bonus
- $0
- Other
- $9,180
- Deferred
- $4,661
- Nontaxable benefits
- $269
- Filer's total
- $163,815
-
Andrei BourdeinyiANDREI BOURDEINYI
PROFESSOR
- Total calculated
- $132,942
- From this org
- $128,661
- From related orgs
- $0
- Other
- $4,281
- Hours/week
- 40
-
Lisa ReedLISA REED
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $127,961
- From this org
- $127,692
- From related orgs
- $0
- Other
- $269
- Hours/week
- 40
-
Jeffrey AitaJEFFREY AITA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eddy DiazEDDY DIAZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sandra ElbaumSANDRA ELBAUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kevin FogartyKEVIN FOGARTY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Aaron GagnonAARON GAGNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Janell GibsonJANELL GIBSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Richard GiuliRICHARD GIULI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jack GriesbaumJACK GRIESBAUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jay HandtJAY HANDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
T Fitz JohnsonT FITZ JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Leana KartLEANA KART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Stuart KatzenSTUART KATZEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joseph LupoJOSEPH LUPO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rhonda NewtonRHONDA NEWTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Randolph O'DellRANDOLPH O'DELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mary OlodunMARY 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
-
University of Georgia Foundation
$21,000
Collaborative Research Support
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
- 2022
- Filed
- 30 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411219349302951
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