Larkin University Corp
- Assets
- $15.9m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Miami, FL
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3670992
Organization Overview
Larkin University Corp is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, Larkin University Corp employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larkin University Corp 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 12/2021, Larkin University Corp generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 14.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LARKIN UNIVERSITY PROVIDES AN INCLUSIVE INTERPROFESSIONAL LEARNING ENVIRONMENT TO ENABLE GRADUATE AND PROFESSIONAL STUDENTS TO LEARN TOGETHER UTILIZING MODERN TECHNOLOGIES TO SERVE HEALTHCARE NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY LEVEL EDUCATIONAL SERVICES LEADING TO DOCTORAL OF PHARMACY, DOCTOR OF CLINCAL AND TRANSLATIONAL RESEARCH, MASTER OF BIOMEDICAL SCIENCES, MASTER OF CLINICAL CELLULAR AND MOLECULAR BIOLOGY, MASTER OF CLINICAL ANATOMY, ASSOCIATE IN SCIENCE OF RADIOLOGIC TECHNOLOGY AND ASSOCIATE IN SCIENCE OF DIAGNOSTIC MEDICAL SONOGRAPHY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Levin Dean | Officer | 40 | $163,194 |
Joshua Caballero Chair, Dcas | Officer | 40 | $151,231 |
Dr Rudi Ettrich President/ceo | Officer | 1 | $144,429 |
Lynne Arric Assoc Dean | Officer | 40 | $138,449 |
Jayesh Parmar Vice Chair | Officer | 40 | $137,796 |
Subrata Deb Professor | Officer | 40 | $131,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,170 |
| Total Program Service Revenue | $7,704,737 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,901,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,575,139 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,548,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412,965 |
| Advertising and promotion | $34,911 |
| Office expenses | $0 |
| Information technology | $512,194 |
| Royalties | $0 |
| Occupancy | $156,256 |
| Travel | $29,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $329,076 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $581,192 |
| Insurance | $92,962 |
| All other expenses | $16,920 |
| Total functional expenses | $7,692,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,816,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $211,068 |
| Net Land, buildings, and equipment | $8,759,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $721,300 |
| Total assets | $15,883,479 |
| Accounts payable and accrued expenses | $763,648 |
| Grants payable | $0 |
| Deferred revenue | $2,816,930 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,291,459 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $211,351 |
| Total liabilities | $10,083,388 |
| Net assets without donor restrictions | $5,786,980 |
| Net assets with donor restrictions | $13,111 |
| 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 | $15,883,479 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Larkin University Corp has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Poynter Institute For Media Studies Inc St Petersburg, FL | $51,768,897 | $13,169,218 |
Larkin University Corp Miami, FL | $15,883,479 | $7,901,976 |
Atlanta General Education Center Inc Norcross, GA | $3,508,771 | $4,772,601 |
Reformation Bible College Inc Sanford, FL | $392,858 | $12,390,616 |
Huntsville Baptist Institute Inc Huntsville, AL | $1,531,999 | $1,030,360 |
Association Of Collegiate Schools Of Planning Inc Tallahassee, FL | $777,149 | $532,348 |
Unad Florida Inc Sunrise, FL | $683,686 | $584,565 |
Higher Education Partnership Montgomery, AL | $786,156 | $629,024 |
Medical Career Academy Inc Palm Beach Gardens, FL | $1,015,799 | $532,336 |
Take Stock In Children Of Broward County Inc Miramar, FL | $1,026,202 | $400,276 |
Miami Music Festival Inc Miami Beach, FL | $42,145 | $478,160 |
Midfield Institute Of Cosmetology Midfield, AL | $233,311 | $464,865 |