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:
State:
Metro:
Website:
Founded:
1929
Type:
501(c)(3)
NTEE:
Revenue:
$576,155,570
Assets:
$1,547,141,912
Employees:
5,077
Fiscal year end:
June
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 for Finance and Chief Financial Officer / Vice President and Chief Financial Officer | $492,105 | July 5, 2020 |
| Robert A. Smart | Chief Information and Technology Officer | - | July 5, 2020 |
| ███████ █████ | Vice President and Chief of Staff | - | July 5, 2020 |
| ██████ █ ███████ | Associate Vice President for Finance and Con | - | Nov. 17, 2017 |
| █████ ████████ ██ | Vice President for Marketing and Communications | - | July 5, 2020 |
| ████ █████ | Vice President for Development and Alumni Affairs | - | July 5, 2020 |
| ██████ ██████ | General Counsel and Vice President for Human Resources | - | July 5, 2020 |
| ████ █████ ████ | Vice President for Admissions and Financial Aid | $470,763 | June 30, 2018 |
| ██ ████ █████ | Vice President for Enrollment Management | - | July 5, 2020 |
| █████████ ███████ | Vice President , Facilities and Capital Planning / Vice President for Facilities and Capital Planning | - | July 5, 2020 |
| ...and 15 more key personnel |
Peer community colleges
| | Name | Type | Revenue | Location |
|---|
| 1 | Fairfield University | 501(c)(3) | $304 million | Fairfield, CT |
| 2 | University of Bridgeport (UB) | 501(c)(3) | $147 million | Bridgeport, CT |
| 3 | Gemological Institute of America Incorporated | 501(c)(3) | $283 million | Carlsbad, CA |
| 4 | Kettering Medical Center | 501(c)(3) | $846 million | Miamisburg, OH |
| 5 | Corporation of Haverford College | 501(c)(3) | $159 million | Haverford, PA |
| 6 | Siena College | 501(c)(3) | $195 million | Loudonville, NY |
| 7 | Providence College | 501(c)(3) | $304 million | Providence, RI |
| 8 | St Lawrence University | 501(c)(3) | $207 million | Canton, NY |
| 9 | Rollins College | 501(c)(3) | $163 million | Winter Park, FL |
| 10 | Seton Hall University (SHU) | 501(c)(3) | $461 million | South Orange, NJ |
| 11 | Barry University | 501(c)(3) | $190 million | Miami Shores, FL |
| 12 | Meharry Medical College (MMC) | 501(c)(3) | $149 million | Nashville, TN |
| 13 | Springfield College | 501(c)(3) | $165 million | Springfield, MA |
| 14 | University of Notre Dame | 501(c)(3) | $2.5 billion | Notre Dame, IN |
| 15 | Lindenwood University (LU) | 501(c)(3) | $220 million | St Charles, MO |
| 16 | Adelphi University (AU) | 501(c)(3) | $298 million | Garden City, NY |
| 17 | Creighton University | 501(c)(3) | $523 million | Omaha, NE |
| 18 | Connecticut College | 501(c)(3) | $169 million | New London, CT |
| 19 | University of Hartford (UHart) | 501(c)(3) | $275 million | West Hartford, CT |
| 20 | Sacred Heart University (SHU) | 501(c)(3) | $337 million | Fairfield, CT |
| 21 | University of New Haven (UNH) | 501(c)(3) | $281 million | West Haven, CT |
| 22 | Trinity College | 501(c)(3) | $393 million | Hartford, CT |
| 23 | Wesleyan University | 501(c)(3) | $286 million | Middletown, CT |
| 24 | WyoTech Altierus Career College Altierus Career Education Everest College E verest University & Everest Institute | 501(c)(3) | $275 million | Minneapolis, MN |
| 25 | Center for Excellence in Higher Education (CEHE) | 501(c)(3) | $209 million | Salt Lake City, UT |