Life University Inc
- Assets
- $133.8m
- Revenue
- $85.4m
- Investments
- $15.3m
- Employees
- 940
- Location
- Marietta, GA
- Founding
- 05/1977
- Data as of
- 06/2021
- EIN
- 58-1216007
Organization Overview
Life University Inc is located in Marietta, GA. The organization was established in 1977. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Life University Inc employed 940 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Life University Inc generated $85.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $82.2m during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFE UNIVERSITY IS A NOT FOR PROFIT EDUCATIONAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE OF CHIROPRACTIC SEE SCHEDULE O
COLLEGE OF UNDERGRADUATE STUDIES SEE SCHEDULE O
MASTERS DEGREE PROGRAM SEE SCHEDULE O
RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Scott President | Officer | 40 | $405,005 |
William Jarr Executive VP Of Finance | Officer | 40 | $270,262 |
Timothy Gross VP Of Academic Affairs | Officer | 40 | $224,233 |
Gilles Lamarche VP Professional Relations | Officer | 40 | $192,844 |
John Downes VP Global Initiatives | Officer | 40 | $171,557 |
Gerard Clum Pre. Liaison For Ext. Affairs | 40 | $171,321 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Cafe Management | 6/29/21 | $1,390,780 |
Virtual Mindset It Consultant | 6/29/21 | $1,119,244 |
Universal Protection Service Lp Campus Security | 6/29/21 | $745,170 |
Varsity Contractors Custodial Services | 6/29/21 | $496,593 |
Roof Partners Llc Roofing Contractor | 6/29/21 | $419,041 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,020,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $971,633 |
| Noncash contributions included in lines 1a–1f | $4,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,992,420 |
| Total Program Service Revenue | $81,400,648 |
| Investment income | $285,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $136,668 |
| Net Gain/Loss on Asset Sales | $612,442 |
| Net Income from Fundraising Events | $9,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,437,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $6,718,356 |
| Grants and other assistance to Foreign Orgs/Individuals | $275,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,370,276 |
| Compensation of current officers, directors, key employees. | $1,024,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,615,087 |
| Pension plan accruals and contributions | $649,894 |
| Other employee benefits | $2,395,651 |
| Payroll taxes | $2,378,029 |
| Fees for services: Management | $633,820 |
| Fees for services: Legal | $68,223 |
| Fees for services: Accounting | $187,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $185,290 |
| Fees for services: Other | $7,761,146 |
| Advertising and promotion | $835,871 |
| Office expenses | $4,121,505 |
| Information technology | $2,007,353 |
| Royalties | $0 |
| Occupancy | $1,690,264 |
| Travel | $977,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $475,705 |
| Interest | $4,780,567 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,768,529 |
| Insurance | $986,447 |
| All other expenses | $0 |
| Total functional expenses | $82,210,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,659,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $174,629 |
| Accounts receivable, net | $2,898,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,119,918 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,729,197 |
| Net Land, buildings, and equipment | $86,569,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,303,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,360,400 |
| Total assets | $133,814,718 |
| Accounts payable and accrued expenses | $6,077,899 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $93,760,592 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,177,309 |
| Total liabilities | $103,015,800 |
| Net assets without donor restrictions | $24,024,938 |
| Net assets with donor restrictions | $6,773,980 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $133,814,718 |
Grants Awarded
Over the last fiscal year, Life University Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: Collaborative Research Support | $10,000 |
New York, NY PURPOSE: Donation | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Life University Inc has recieved totaling $723,712.
| Awarding Organization | Amount |
|---|---|
William M Harris Family Foundation Roswell, GA PURPOSE: EDUCATION | $572,000 |
Laughing Gull Foundation Durham, NC PURPOSE: PROGRAM SUPPORT FOR CHILON PROJ | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $48,200 |
Alehsan Foundation Inc Valparaiso, IN PURPOSE: SCHOLARSHIP | $10,000 |
The Glustrom Family Foundation Inc Atlanta, GA PURPOSE: SCHOOL FUND | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,957 |
Endowment Analysis
| Beg. Balance | $3,475,290 |
| Earnings | $629,645 |
| Net Contributions | $347,163 |
| Ending Balance | $4,452,098 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Southeastern University Inc Fort Lauderdale, FL | $1,812,347,063 | $836,787,691 |
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Embry-Riddle Aeronautical Daytona Beach, FL | $1,265,271,185 | $616,318,485 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
The Corporation Of Mercer University Macon, GA | $975,470,567 | $444,048,225 |
University Of Tampa Tampa, FL | $995,322,258 | $426,783,303 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Stetson University Inc DeLand, FL | $684,046,890 | $288,494,091 |
Samford University Birmingham, AL | $801,305,714 | $280,325,292 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |