Life University Inc
- Assets
- $134.2m
- Revenue
- $88.6m
- Investments
- $14.7m
- Employees
- 961
- Location
- Marietta, GA
- Founding
- 05/1977
- Data as of
- 06/2022
- 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 06/2022, Life University Inc employed 961 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 06/2022, Life University Inc generated $88.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $87.8m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Scott President | Officer | 40 | $396,075 |
William Jarr Executive VP Of Finance & Oper | Officer | 40 | $276,184 |
Gilles Lamarche VP Univ. Adv. & Enrollment | Officer | 40 | $220,487 |
Timothy Gross VP Of Academic Affairs | Officer | 40 | $215,861 |
Gerard Clum Pre. Liaison For Ext. Affairs | 40 | $165,230 | |
John Mcgee VP Operations | Officer | 40 | $166,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Cafe Management | 6/29/22 | $2,045,473 |
Virtual Mindset It Consultant | 6/29/22 | $1,546,561 |
Universal Protection Service Lp Campus Security | 6/29/22 | $721,918 |
Kellermeyer Bergensons Service Cleaning Service | 6/29/22 | $451,316 |
Express Services Temporary Employee | 6/29/22 | $442,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,066,859 |
| Noncash contributions included in lines 1a–1f | $66,846 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,262,299 |
| Total Program Service Revenue | $84,844,248 |
| Investment income | $198,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,720 |
| Net Gain/Loss on Asset Sales | $114,543 |
| Net Income from Fundraising Events | $20,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,609,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,597 |
| Grants and other assistance to domestic individuals. | $7,504,499 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,721,785 |
| Compensation of current officers, directors, key employees. | $726,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,888,831 |
| Pension plan accruals and contributions | $275,782 |
| Other employee benefits | $3,175,007 |
| Payroll taxes | $2,474,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $153,475 |
| Fees for services: Accounting | $158,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,503 |
| Fees for services: Other | $7,991,335 |
| Advertising and promotion | $1,221,103 |
| Office expenses | $5,405,419 |
| Information technology | $2,243,845 |
| Royalties | $0 |
| Occupancy | $3,790,967 |
| Travel | $1,771,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $496,626 |
| Interest | $4,683,938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,168,279 |
| Insurance | $435,208 |
| All other expenses | $0 |
| Total functional expenses | $87,808,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,248,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,138,595 |
| Accounts receivable, net | $4,436,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,936,818 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,483,600 |
| Net Land, buildings, and equipment | $85,943,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,719,562 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,291,676 |
| Total assets | $134,199,020 |
| Accounts payable and accrued expenses | $6,969,905 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $92,421,628 |
| 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 | $4,722,190 |
| Total liabilities | $104,113,723 |
| Net assets without donor restrictions | $22,551,954 |
| Net assets with donor restrictions | $7,533,343 |
| 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 | $134,199,020 |
Grants Awarded
Over the last fiscal year, Life University Inc has awarded $64,597 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: Collaborative Research Support | $44,597 |
MISSION LIFE INTERNATIONAL INC PURPOSE: Donation | $10,000 |
YMCA OF METROPOLITAN ATLANTA INC PURPOSE: Donation | $10,000 |