Cause IQ organization profile

Quinnipiac University

Quinnipiac University is a community college based in Hamden, CT that was founded in 1929. As of 2018 they had $576 million in revenue and $1.5 billion in assets.

Provide higher education. Provide higher education. Institution of higher education, which is accredited by the Board of Higher Education of the State of Connecticut and the New England Association of Schools and Colleges. Its purpose is to offer prog...

Previous legal names or variations of their name include: Sigma Phi Epsilon.

EIN:

06-0646701

City:

Hamden

State:

Connecticut

Metro:

New Haven-Milford, CT

Website:

qu.edu

Founded:

1929

Type:

501(c)(3)

NTEE:

B41: Community colleges

Revenue:

$576,155,570

Assets:

$1,547,141,912

Employees:

5,077

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Quinnipiac University

Educational Programs: Includes the provision of instruction as well as research activities.

Student Service Programs: Includes the provision for programs and services supporting the student life program and expenditures relating to student financial aid.

Auxiliary services: Includes the provision of dormitory and dining services for residential students as well as upkeep for student facilities.

Form 990s for Quinnipiac University

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jun 19, 2019	990	View PDF
2017-06	Jun 14, 2018	990	View PDF
2016-06	Sep 15, 2017	990	View PDF
2015-06	Aug 1, 2016	990	View PDF
2014-06	Jul 22, 2015	990	View PDF
...and six more Form 990 PDFs

Financials for Quinnipiac University

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$2,466,564	$2,612,681	-5.6%
Normal grants, contributions, etc.	$11,163,769	$5,439,250	105.2%
<em>Non-cash contributions included in above</em>	$364,293	$319,326	14.1%
Total grants, contributions, etc.	$13,630,333	$8,051,931	69.3%

Field	2018	2017	% Change
Total grants, contributions, etc.	$13,630,333	$8,051,931	69.3%
Program services	$475,874,418	$445,371,952	6.8%
Investment income and dividends	$12,918,524	$9,388,748	37.6%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$73,732,295	$11,599,983	535.6%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$576,155,570	$474,412,614	21.4%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$143,829,026	$130,513,268	10.2%
Grants to govts., orgs., and individuals outside USA	$4,559,004	$5,504,830	-17.2%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,852,431	$2,055,221	38.8%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$126,440,287	$119,439,945	5.9%
Pension/retirement accruals and contributions	$8,106,486	$7,515,736	7.9%
Other employee benefits	$20,710,769	$19,131,682	8.3%
Payroll taxes	$8,750,929	$8,212,904	6.6%
Management fees	$0	$0
Legal fees	$1,065,391	$802,882	32.7%
Accounting fees	$109,751	$106,501	3.1%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$4,712,523	$3,079,401	53.0%
Other fee-for-service	$0	$0
Advertising and promotion	$1,540,858	$1,392,705	10.6%
Office expenses	$5,796,043	$6,128,500	-5.4%
Information tech. expenses	$6,946,922	$7,057,861	-1.6%
Royalty expenses	$0	$0
Occupancy	$30,211,922	$29,742,408	1.6%
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$6,523,266	$6,006,120	8.6%
Interest	$18,179,165	$19,254,391	-5.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$28,675,594	$28,040,335	2.3%
Insurance	$4,897,089	$4,864,315	0.7%
All other expenses	$39,272,547	$30,614,813	28.3%
Total expenses	$463,180,003	$429,463,818	7.9%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$6,227,402	$6,763,719	-7.9%
Pledges and grants receivable	$10,493,728	$6,856,980	53.0%
Accounts receivable	$7,381,367	$5,682,822	29.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$2,276,405	$2,758,648	-17.5%
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$2,516,392	$1,695,353	48.4%
Buildings, equipment, etc. post-depreciation	$956,170,449	$940,534,132	1.7%
Investments, publicly traded securities	$486,277,995	$444,410,726	9.4%
Investments, other securities	$72,972,051	$61,296,449	19.0%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$2,826,123	$8,877,164	-68.2%
Total assets	$1,547,141,912	$1,478,875,993	4.6%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$38,310,772	$39,370,132	-2.7%
Grants payable	$0	$0
Deferred revenue	$31,593,620	$29,761,688	6.2%
Tax-exempt bond liabilities	$473,793,239	$487,332,291	-2.8%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$65,578	-100%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$76,202,600	$71,821,308	6.1%
Total liabilities	$619,900,231	$628,350,997	-1.3%

Field	2018	2017	% Change
Unrestricted net assets	$867,170,603	$800,607,805	8.3%
Temporarily restricted net assets	$10,202,780	$9,964,957	2.4%
Permanently restricted net assets	$49,868,298	$39,952,234	24.8%

Vendors for Quinnipiac University

Vendor	Services	Amount paid	Date
Marcum LLP	Audit accounting		2019-11-18
█████████ ████████	Software		2019-08-29
██████████	Fundraising software		2019-08-20
██ ███████████ ████ ███	Real Estate	$785,000	2018-06-01
███ ██████	Contstruction	$619,495	2018-06-01
███████████	Architect	$2,780,034	2018-06-01
███ █████ ███	Construction	$396,261	2018-06-01
██████ ████ ███	Attorneys	$653,942	2018-06-01
...and 13 more vendors

Personnel at Quinnipiac University

Name	Title	Compensation	Most recent data
Mark Varholak	Vice President and Chief Financial Officer	$492,105	June 30, 2018
Daniel R Johnson	Associate Vice President for Finance and Con	-	Nov. 17, 2017
██████ ████████	Vice President for Development and Alumni Affairs	$527,885	June 30, 2018
████ █████ ████	Vice President for Admissions and Financial Aid	$470,763	June 30, 2018
███████ ██████████	Associate Vice President for Finance and Controller / Director of Financial Compliance and Representative	-	Nov. 20, 2019
████████ ████████████	Head Women's Basketball Coach	$420,677	June 30, 2018
████ ████████	Men's Ice Hockey Coach	$545,143	June 30, 2018
██████ █████	Men's Basketball Coach	$497,944	June 30, 2018
████ █████	President	-	May 29, 2019
████ ████████	Executive Vice President and Provost	$744,927	June 30, 2018
...and three more key personnel

Peer community colleges

	Name	Type	Revenue	Location
1	Fairfield University	501(c)(3)	$342 million	Fairfield, CT
2	University of Bridgeport (UB)	501(c)(3)	$147 million	Bridgeport, CT
3	St Lawrence University	501(c)(3)	$207 million	Canton, NY
4	Providence College	501(c)(3)	$304 million	Providence, RI
5	Siena College	501(c)(3)	$195 million	Loudonville, NY
6	Rollins College	501(c)(3)	$163 million	Winter Park, FL
7	University of Hartford (UHart)	501(c)(3)	$275 million	West Hartford, CT
8	Connecticut College	501(c)(3)	$169 million	New London, CT
9	Wesleyan University	501(c)(3)	$286 million	Middletown, CT
10	Sacred Heart University (SHU)	501(c)(3)	$337 million	Fairfield, CT
11	University of New Haven (UNH)	501(c)(3)	$281 million	West Haven, CT
12	Trinity College	501(c)(3)	$393 million	Hartford, CT
13	Springfield College	501(c)(3)	$165 million	Springfield, MA
14	Southern New Hampshire University (SNHU)	501(c)(3)	$806 million	Manchester, NH
15	Delaware State University (DSU)	501(c)(3)	$154 million	Dover, DE
16	Lake Erie College of Osteopathic Medicine (LECOM)	501(c)(3)	$167 million	Erie, PA
17	The Corporation of Mercer University	501(c)(3)	$360 million	Macon, GA
18	Seton Hall University (SHU)	501(c)(3)	$461 million	South Orange, NJ
19	Molloy College	501(c)(3)	$146 million	Rockville Centre, NY
20	Barry University	501(c)(3)	$190 million	Miami Shores, FL
21	Sistema Universitario Ana G Mendez Incorporado (SUAGM)	501(c)(3)	$309 million	Puerto Rico,
22	Pomona College	501(c)(3)	$239 million	Claremont, CA
23	Trustees of the Smith College	501(c)(3)	$405 million	Northampton, MA
24	Bentley University	501(c)(3)	$297 million	Waltham, MA
25	Barnard College	501(c)(3)	$306 million	New York, NY

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