Civic Intelligence

Life University Inc.

990 • Fiscal year 2015 • EIN 58-1216007

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 06, 2016

1269 Barclay CircleMarietta, GA 30060

(770) 426-2884

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.63x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

1.15x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

23rd percentile

-1.6%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$705,709

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

31st percentile

-1.2%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

3.5%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$114,031,317

Down $1,438,015 (-1.2%) from 2014

Net Assets

Down

$41,778,828

Down $949,842 (-2.2%) from 2014

Liabilities

Down

$72,252,489

Down $488,173 (-0.7%) from 2014

Revenue

Up

$63,033,279

Up $2,156,463 (+3.5%) from 2014

Expenses

Up

$64,021,307

Up $3,968,297 (+6.6%) from 2014

Net Income

Down

-$988,028

Down $1,811,834 (-220%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $115,042,452Liabilities 2010: $73,716,280Net Assets 2010: $41,326,1722010Assets 2011: $115,767,530Liabilities 2011: $73,914,903Net Assets 2011: $41,852,6272011Assets 2012: $114,406,553Liabilities 2012: $73,194,909Net Assets 2012: $41,211,6442012Assets 2013: $114,210,947Liabilities 2013: $72,591,685Net Assets 2013: $41,619,2622013Assets 2014: $115,469,332Liabilities 2014: $72,740,662Net Assets 2014: $42,728,6702014Assets 2015: $114,031,317Liabilities 2015: $72,252,489Net Assets 2015: $41,778,8282015Assets 2016: $114,236,104Liabilities 2016: $72,730,472Net Assets 2016: $41,505,6322016Assets 2017: $109,654,744Liabilities 2017: $71,983,290Net Assets 2017: $37,671,4542017Assets 2018: $133,137,647Liabilities 2018: $105,379,486Net Assets 2018: $27,758,1612018Assets 2019: $131,360,002Liabilities 2019: $105,412,657Net Assets 2019: $25,947,3452019Assets 2020: $128,624,795Liabilities 2020: $101,963,276Net Assets 2020: $26,661,5192020Assets 2021: $133,814,718Liabilities 2021: $103,015,800Net Assets 2021: $30,798,9182021Assets 2022: $134,199,020Liabilities 2022: $104,113,723Net Assets 2022: $30,085,2972022Assets 2023: $131,062,650Liabilities 2023: $101,660,963Net Assets 2023: $29,401,6872023Assets 2024: $125,711,837Liabilities 2024: $98,037,501Net Assets 2024: $27,674,3362024

Highlighted filing

2015

Assets$114,031,317
Liabilities$72,252,489
Net Assets$41,778,828

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $45,806,0462010Expenses 2011: $49,579,7802011Expenses 2012: $53,642,1632012Revenue 2013: $57,816,038Expenses 2013: $57,480,371Net Income 2013: $335,6672013Revenue 2014: $60,876,816Expenses 2014: $60,053,010Net Income 2014: $823,8062014Revenue 2015: $63,033,279Expenses 2015: $64,021,307Net Income 2015: -$988,0282015Revenue 2016: $66,014,894Expenses 2016: $66,414,828Net Income 2016: -$399,9342016Revenue 2017: $67,200,970Expenses 2017: $68,981,678Net Income 2017: -$1,780,7082017Revenue 2018: $68,695,974Expenses 2018: $76,308,935Net Income 2018: -$7,612,9612018Revenue 2019: $77,640,429Expenses 2019: $78,652,549Net Income 2019: -$1,012,1202019Revenue 2020: $80,858,176Expenses 2020: $80,615,837Net Income 2020: $242,3392020Revenue 2021: $85,437,129Expenses 2021: $82,210,874Net Income 2021: $3,226,2552021Revenue 2022: $88,609,092Expenses 2022: $87,808,500Net Income 2022: $800,5922022Revenue 2023: $90,628,907Expenses 2023: $92,654,319Net Income 2023: -$2,025,4122023Revenue 2024: $91,953,423Expenses 2024: $94,945,024Net Income 2024: -$2,991,6012024

Highlighted filing

2015

Revenue$63,033,279
Expenses$64,021,307
Net Income-$988,028
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 6, 2016
Return Version
2014v6.0
Gross Receipts
$63,870,084
Mission and Program Overview

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 644 students during the 2020-2021 academic year. The number of degrees awarded (623) were as follows: college award college of chiropractic 415 college of graduate and undergraduate studies 189 college of online education 40 ------ total 644 award number of degrees awarded associates degree 2 bachelor's degree 167 master's degree 60 doctor of chiropractic 4

Life university is a not for profit educational institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$80,152,485$78,031,558▼ $2,120,927
Cash and Non-Interest-Bearing Accounts$14,754,477$12,828,132▼ $1,926,345
Investments Other Securities$11,610,692$12,080,596▲ $469,904
Other Notes and Loans Receivable, Net$1,384,418$3,280,098▲ $1,895,680
Pledges and Grants Receivable$3,072,799$2,159,565▼ $913,234
Accounts Receivable$940,132$1,494,536▲ $554,404
Prepaid Expenses and Deferred Charges$542,857$1,231,017▲ $688,160
Intangible Assets$1,237,150$1,153,213▼ $83,937
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$115,469,332$114,031,317▼ $1,438,015
Other Assets Total$1,774,322$1,772,602▼ $1,720
Liabilities
Tax Exempt Bond Liabilities$67,601,208$67,059,863▼ $541,345
Accounts Payable and Accrued Expenses$4,453,764$4,531,435▲ $77,671
Other Liabilities$685,690$661,191▼ $24,499
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$72,740,662$72,252,489▼ $488,173
Net Assets / Fund Balance
Unrestricted Net Assets$34,612,874$34,029,435▼ $583,439
Temporarily Rstr Net Assets$6,341,474$5,976,791▼ $364,683
Permanently Rstr Net Assets$1,774,322$1,772,602▼ $1,720
Total Net Assets Fund Balance$42,728,670$41,778,828▼ $949,842
Total Liabilities and Net Assets / Fund Balance$115,469,332$114,031,317▼ $1,438,015

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$66,528,130$40,917,624$107,445,754
Equipment$5,120,976$18,192,709$23,313,685
Other Land Buildings$2,940,132$10,931,447$13,871,579
Land$3,442,320-$3,442,320

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,240,631$10,375▲ $94,040-$2,302,179
2013$2,065,636$28,783▲ $199,314-$2,240,631
2012$1,653,400$60,488▲ $106,451$-297,537$2,065,636
2011$1,681,642$12,754▲ $348$-17,665$1,653,400
2010$1,972,402$30,060▲ $97,260$331,558$1,681,642
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Guy F RiekemanPresidentFT$454,230$251,479$705,709
William D JarrEvp of FinanceFT$220,000$24,210$244,210
Robert ScottSVP of Academic AffairsFT$182,602$8,730$191,332
Gregory HarrisVP of University AdvancementFT$170,000$13,055$183,055
Gerard ClumPres. Liaison External AffairsFT$150,000$8,778$158,778
John DownesVP of Global InitiativesFT$144,005$3,529$147,534
Marc SchneiderVP of Student ServicesFT$135,026$3,419$138,445
Cynthia BoydVP of Enrollment & MarketingFT$127,960$8,727$136,687
Ralph DavisDean College of ChiropracticFT$124,020$3,188$127,208
Susan EspositoAssociate ProfessorFT$119,654$3,492$123,146
David BellinInt'l Clinical ProfessorFT$121,948$224$122,172
David KochProfessorFT$115,988$3,388$119,376
Gilles LamarcheVP of Professional RelationsFT$112,911$5,119$118,030
John McgeeVP of OperationsFT$90,058$139$90,197

Highest Paid Contractors

ContractorServicesLocationCompensation
Old Fashion Foods IncFood Service5521 Collins Blvd, Austell, GA 30106-3653$854,698
Virtual Mindset IncIT Consultants1266 West Paces Ferry Road, Atlanta, GA 30327$632,290
Meunier Carlin CurfmanAttorneys999 Peachtree St NE, Atlanta, GA 30309$474,583
Alliedbarton Security Services LLCCampus SecurityPO Box 534265, Atlanta, GA 30353-4265$448,920
Varsity Contractors IncCustodial ServicesPO Box 1692, Pocatello, ID 83204$445,216
Revenue and Support

Revenue Composition

Contributions and Grants
$544,527
Program Service Revenue
$62,209,070
Investment Income
$238,840
Other Revenue
$40,842
All Other Contributions
$544,527
Change in Net Assets
$-988,028

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table8$85,735Appraisal
Total Noncash Contributions8$85,735-

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,284,838
Revenue Not Reported on Financial Statements
$2,748,441
Revenue Not Reported on Form 990
$38,186
Other Revenue Adjustments
$2,748,441
Total Revenue per Audited Statements
$60,323,024
Total Revenue per Form 990
$63,033,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$31,736,104
Other Expenses$29,526,762
Grants and Similar Amounts Paid$2,758,441
Total Fundraising Expense$906,054
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,756,558$4,651,339$355,792$25,763,689
Fees for Services Other$1,139,196$4,539,280$65,736$5,744,212
Depreciation Depletion$3,694,407$1,703,284-$5,397,691
Interest-$4,776,348-$4,776,348
Office Expenses$1,419,908$2,171,285$53,465$3,644,658
Grants to Domestic Individuals$2,748,441--$2,748,441
Current Officers, Directors, Trustees, and Key Employees$593,916$1,354,544$178,102$2,126,562
Payroll Taxes$1,506,664$384,493$33,766$1,924,923
Other Employee Benefits$1,412,967$483,376$24,543$1,920,886
Travel$1,083,453$670,406$70,037$1,823,896
Occupancy$7,275$1,340,203-$1,347,478
Fees for Services Management-$1,085,773-$1,085,773
Information Technology$313,222$546,606$16,504$876,332
Insurance$12,220$841,253-$853,473
Fees for Services Legal$43,497$664,025-$707,522
Conferences and Meetings$379,603$225,340$37,365$642,308
Advertising$27,263$242,356-$269,619
Fees for Services Accounting-$153,635-$153,635
Fees for Service Investment Mgmnt Fees$1,892$136,678$1$138,571
Other Expenses$14,293$2,544$13,929$16,837
Foreign Grants$10,000--$10,000
Pension Plan Contributions$44--$44
Total Functional Expenses$35,636,430$27,478,823$906,054$64,021,307

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$64,021,307
Expenses per Audited Statements$61,272,866
Total Expenses per Audited Statements$61,272,866
Expenses Not Reported on Financial Statements$2,748,441
Other Expense Adjustments$2,748,441
International Activity

International Summary

Employees
3
Spending
$794,112

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesClinic Development-1$563,901
East Asia and the PacificProgram ServicesOperations-2$230,211
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dr Charles RibleyFormer Bot ChairmanConsulting ServicesNo$120,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$661,191

Bond Issues

BondIssuerIssuedIssue PricePurpose
CDevelopment Authority of the City of Marietta2008-08-01$41,113,888University facility & refunding
BDevelopment Authority of the City of Marietta2008-08-01$19,890,040University facility & refunding
ADevelopment Authority of the City of Marietta2008-08-01$8,516,716University facility & refunding

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$0$0$0$0
B$0$0$0$0
C$0$0$0$0

Bond Financing Compliance

No rebate due
No
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED A COPY OF FORM 990, PRIOR TO FILING, FOR ITS REVIEW AND APPROVAL. The full Board of Trustees is provided a copy at the next regularly scheduled Board meeting.

Form 990, Part VI, Section B, Line 12C

As part of the organization's internal control procedures, discussions with all officers, trustees, and key employees are made to monitor and enforce compliance.

Form 990, Part VI, Section B, Line 15A & 15B

The independent board members review and approve executive compensation matters.

Form 990, Part VI, Section C, Line 19

Documents that are required by law to be made available to the public are available via guidestar.org. All other governing and conflicts of interest documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Life University Inc
EIN
58-1216007
In Care Of
% WILLIAM D JARR
Phone
7704262884
Address
1269 BARCLAY CIRCLE, MARIETTA, GA 30060

Signing Officer

Name
William D Jarr
Title
Evp of Finance
Phone
7704262623
Signed
2016-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William D Jarr
Formed
1974
Legal Domicile
Ga
Voting Board Members
17
Independent Board Members
17
Employees
856
Volunteers
250

Preparer

Firm
Bdo USA Llp
Address
1100 Peachtree Street Suite 700, ATLANTA, GA 30309-4516
Preparer
Sandra L Feinsmith
Phone
4046886841
Supplemental Narrative

Additional Explanations

Form 990 Part III Line 4A

The College of Chiropractic The Mission of the Life University College of Chiropractic, centered on the Vertebral Subluxation Complex, is to educate, mentor and graduate skilled and compassionate Doctors of Chiropractic to be primary care clinicians, physicians, teachers, and professionals, using the University's core life proficiencies as their foundation. Program Activities The College of Chiropractic endured many changes during the 2014-2015 cycle. The former dean resigned and a new dean was appointed to the position in October 2014. The program hired an Associate Dean in January 2015 and an Assistant Dean of Clinics in April 2015. There was restructuring in the academic areas amongst the Division Chairs and Clinic Directors. Three main foci were the new curriculum and facility planning, incorporating behavioral assessments, and outcomes assessment of the current curriculum. New Curriculum for the College of Chiropractic The DCP had initially submitted and received approval for a substantive change with the CCE Council for a new delivery and methodology of the DCP curriculum. Developmental activities to change the curriculum culminated in recommendations to the curriculum committee as well as recommendations to administration for additional facility needs. The program retained the consulting services of Go Long Consulting, LLC to assist the University with the establishment of a behavioral assessments and signature assessments for Life's College of Chiropractic. The focus of the signature assessments began with helping faculty learn to create behavioral statements and anchors for each for the CCE meta-competencies statements, components, and outcomes. Seven faculty groups were created that represented the seven CCE meta-competencies. The consulting group met with the groups twice to work on this endeavor. Faculty are now aware of the components and outcomes of the CCE meta-competencies and will continue to work on creating assessments that focus on them. Given the significant additional need for facilities to accommodate the new curriculum, several unanswered questions for the DCP curriculum committee, and immediate needs and prioritization of several projects in the Life University 2020 Strategic Plan, the Board of Trustees at their last meeting requested the DCP re-examine at the approach of curricular redesign and possibilities within the current curricular structure that does not have a significant need for new facilities. The DCP will be creating options to present to the Board of Trustees that provides for a more intense faculty involvement and how elements of the proposed curriculum can be incorporated into the current structure. A new consulting firm was hired to work with the program on designing signature assessments and behavioral assessments for the EEC. Faculty were involved in training sessions with the consulting firm to learn about the new process and steps required to create the assessments. Faculty workgroups were created to create signature assessments and anchors as they relate to the CCE MetaCompetencies. Several retreats were had with the Curriculum Development Team to discuss administrative action steps to support the faculty in the development of the EEC. The Curriculum Development Team consist of the Dean, Associate Dean, Assistant Dean of Clinics, Faculty Senate President, Chair of the Curriculum Committee, Division Chairs and a Clinic Director. Virtual Dissection Lab In April 2015, the College of Chiropractic transitioned from a wet gross anatomy lab to a virtual dissection lab. The purpose of the conversion was to create an environment that eliminated chemicals and was more eco-friendly and that provided an opportunity for every student to learn anatomy at their own pace. The lab consists of eight Anatomage tables which makes LIFE currently have more anatomy tables than any institution in the world. As a result of this transition, Life University was invited to the 2nd Annual User's Group Confere

FORM 990 PART III LINEs 4B, 4C & 4D

The College of Graduate and Undergraduate Studies Sport Health Science Department The mission of the Department of Sport Health Science at Life University is to educate and prepare students for careers in fields related to fitness, health, and sport. We seek to provide a depth of education as well as the specialized skills and sense of creative independence that will allow graduate students to practice in, and contribute to, a profession or field of scholarship. Program Activities Academic Planning Initiatives included accreditation activities for the Master of Athletic Training (MAT) program and were finalized at the beginning of October 2014. This has been a three-year process; one year planning and development and two years for the self-study. The MAT program became an CAATE accredited graduate level Athletic Training Program. Two distinct success items within that program were 1) we were able to hire a dedicated clinical education coordinator that has since been able to triple our clinical rotation sites to meet the needs of our students developing enriching clinical experiences thus improving the skill level of students; and 2) 5 of 6 students passed the BOC exam (athletic trainers board exam) on the first attempt (83%) and 100% of the graduates 6 of 6 are employed. - Donald Fuller, Ph.D.- served as lab instructor for the Southeast Athletic Trainers Association (SEATA) student conference. Attended the NATA conference with 6 graduate students. He also attended the Athletic Trainers Educator Meeting. - Karen Pfeifer, M.S., ATC - served as lab instructor for the Southeast Athletic Trainers Association (SEATA) student conference. She also attended the Athletic Trainers Educator Meeting. - Jeff Rupp, Ph.D. - Supervised one master's student thesis, served as a reviewer for Journal of Physical Education and Recreation, and is a Fellow American College of Sports Medicine. - Catherine Faust, Ph.D. - Hosted the USATF Coaches Clinic, Conducted a Track and Field Combine study that utilized 16 graduate students collecting physiological data of young, track and field athletes. Attended ACSM National Conference. Presented at Wenzhou University on LU's academic program along with Dr. Lim. - Mark Kovacs, Ph.D. - Lead Advisor for Master's student research projects in the Athletic Training Program (MAT); Auburn University College of Education Outstanding Young Alumni Award -Top Alumni Award in the entire college (2015); US Olympic Committee (USOC) "Doc" Councilman Award For Sport Science in Coaching (2014); Journal of Medicine & Science in Tennis Best Research Study for "Injury Trends in American Competitive Junior Tennis Players" (2014); ResearchGate most viewed researcher from Life University each week in 2015; Kovacs, M.S. The Flexible Stretching Strap Workbook. Ulysses Press. 2015 (Book Publication). Peer Reviewed Book Chapter: Ellenbecker, T.S. Kovacs, M. & E. Paul Roetert. Tennis - Sport-Specific Training Consideration. In: Liebenson, C. (Editor) Functional Training Handbook. Philadelphia, PA (2014). Peer-Reviewed Scientific Publications: Kovacs, M.S. Mundie, E., Eng, D., Bramblett, J., Kovacs, M. & Hosek, R.. How Did The Top 100 Professional Tennis Players (ATP) Succeed: An Analysis of Ranking Milestones. Journal of Medicine and Science in Tennis, 20(2), 50-57, 2015. Lopez-Samanes, A. Ortega Fonseca, J.F., Fernandez Elias, V.E., Borreani, S. Mate-Munoz, J.L., Kovacs, MS. Nutritional Ergogenic Aids in Tennis: A Review. Strength & Conditioning Journal, 37(3), 1-11, 2015. Fernandez-Fernandez, J. Sanz-Rivas, D. Kovacs, M. S., Moya, M. In-Season Effect of a Combined Repeated Sprint and Explosive Strength Training Program on Elite Junior Tennis Players. Journal of Strength and Conditioning Research, 29(2): 351-357, 2015. Kovacs, M.S. & Baker, L.B. Recovery Interventions and Strategies For Improved Tennis Performance. British Journal of Sports Medicine, 48, 18-21, 2014. Scientific Abstracts Presentations: M.S. Kovacs, E. Mundie, D. Eng, J.

Financial Statement Notes

Schedule D, Part V, Line 4

Temporarily and permanently restricted assets are intended for funding needs based institutional scholarships.

Schedule D, Part X, Line 2

The University is exempt from federal income taxes under section 501(c)(3) of the U.S. Internal Revenue Code (the "Code"). Any unrelated business income, as defined by Section 512(a)(1) of the Code is subject to income taxes. U.S. generally accepted accounting principles require the Universitys management to evaluate tax positions taken by the University and recognize a tax liability if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the University, and has concluded that as of June 30, 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The University recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in other institutional expenses. There were no Interest or penalties recognized in either of the years ended June 30, 2015 or 2014. The Universitys federal Return of Organization Exempt from Income Tax (Form 990) for the years ended June 30, 2015, 2014 and 2013 are subject to examination by the IRS.

SCHEDULE D, PART XI, LINE 4B

Institutional scholarships totaling $2,748,441

SCHEDULE D, PART XII, LINE 4B

Institutional scholarships totaling $2,748,441

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt26PRES. LIAISON EXTERNAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt27DEAN COLLEGE OF CHIROPRACTIC
IRS990/Form990PartVIISectionAGrp/TitleTxt28Int'l Clinical Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt29Associate Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt30Professor
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt061231
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt01847605

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$126$98.0$27.7$92.0$94.9$2.99
2023Detailed filing. Detailed filing data is available for this year.$131$102$29.4$90.6$92.7$2.03
2022Detailed filing. Detailed filing data is available for this year.$134$104$30.1$88.6$87.8$0.80
2021Detailed filing. Detailed filing data is available for this year.$134$103$30.8$85.4$82.2$3.23
2020Detailed filing. Detailed filing data is available for this year.$129$102$26.7$80.9$80.6$0.24
2019Detailed filing. Detailed filing data is available for this year.$131$105$25.9$77.6$78.7$1.01
2018Detailed filing. Detailed filing data is available for this year.$133$105$27.8$68.7$76.3$7.61
2017Detailed filing. Detailed filing data is available for this year.$110$72.0$37.7$67.2$69.0$1.78
2016Detailed filing. Detailed filing data is available for this year.$114$72.7$41.5$66.0$66.4$0.40
2015Detailed filing. Detailed filing data is available for this year.$114$72.3$41.8$63.0$64.0$0.99
2014Detailed filing. Detailed filing data is available for this year.$115$72.7$42.7$60.9$60.1$0.82
2013Summary only. Only limited summary data is available for this year.$114$72.6$41.6$57.8$57.5$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$73.2$41.2$53.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$73.9$41.9$49.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$73.7$41.3$45.8