Quinnipiac University
- Assets
- $1.7b
- Revenue
- $533.5m
- Investments
- $59.2m
- Employees
- 4,206
- Location
- Hamden, CT
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 06-0646701
Organization Overview
Quinnipiac University is located in Hamden, CT. The organization was established in 1938. 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, Quinnipiac University employed 4,206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quinnipiac University 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, Quinnipiac University generated $533.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $491.8m during the year ending 06/2022. While expenses have increased by 3.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE GRADUATES AS ENLIGHTENED GLOBAL CITIZENS EQUIPPED FOR CAREERS OF THE FUTURE. (SEE SCH O) QUINNIPIAC UNIVERSITY ("QU") IS A PRIVATE, COEDUCATIONAL UNIVERSITY WHERE STUDENTS ENGAGE IN AN EDUCATIONAL EXPERIENCE THAT'S BOTH PERSONAL AND CHALLENGING FROM FACULTY WHO CARE DEEPLY ABOUT STUDENT OUTCOMES. QU IS AN INSTITUTION OF HIGHER EDUCATION, WHICH IS ACCREDITED BY THE BOARD OF HIGHER EDUCATION OF THE STATE OF CONNECTICUT AND THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION. ITS PURPOSE IS TO OFFER PROGRAMS OF INSTRUCTION LEADING TO BACHELORS, MASTERS AND PROFESSIONAL DOCTORATE DEGREES IN A WIDE RANGE OF PROFESSIONAL FIELDS. QU OFFERS 150 PROGRAMS TO APPROXIMATELY 6,100 UNDERGRADUATE AND 2,700 GRADUATE STUDENTS.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS: INCLUDES THE PROVISION OF INSTRUCTION AS WELL AS RESEARCH ACTIVITIES. QUINNIPIAC UNIVERSITY OFFERS PROGRAMS OF INSTRUCTION LEADING TO UNDERGRADUATE AND GRADUATE DEGREES IN A WIDE RANGE OF PROFESSIONAL FIELDS RELATING TO HEALTH SCIENCES, BUSINESS LAW, AND COMMUNICATIONS, AS WELL AS IN VARIOUS THEORETICAL AND APPLIED DISCIPLINES OF ARTS AND SCIENCE. THE UNIVERSITY HAS APPROXIMATELY 6,300 FULL-TIME UNDERGRADUATE, 300 PART-TIME UNDERGRADUATE, AND 2,700 FULL-TIME AND PART-TIME GRADUATE ENROLLED STUDENTS.
AUXILIARY SERVICES: INCLUDES THE PROVISION OF DORMITORY AND DINING SERVICES FOR RESIDENTIAL STUDENTS AS WELL AS UPKEEP FOR STUDENT FACILITIES. STUDENTS AT QU DO MORE THAN EARN A DEGREE. THEY ARE PART OF A VIBRANT COMMUNITY WHERE STUDENTS RALLY AROUND COMMON INTERESTS, PASSIONS AND CAUSES. STUDENT'S LIVE IN A DIVERSE COMMUNITY IN AN ENVIRONMENT PURPOSEFULLY DESIGNED TO CREATE A HEALTHY AND ACTIVE LIFESTYLE.
STUDENT SERVICE PROGRAMS: INCLUDES THE PROVISION FOR PROGRAMS AND SERVICES SUPPORTING THE STUDENT LIFE PROGRAM AND EXPENDITURES RELATING TO STUDENT FINANCIAL AID. QUINNIPIAC UNIVERSITY HAS A VAST ARRAY OF SERVICES TO SUPPORT ITS STUDENTS INCLUDING, BUT NOT LIMITED TO, HEALTH & WELLNESS COUSELING AND SUPPORT, FINANCIAL AID GUIDANCE, ATHLETICS AND RECREATION, CLUBS AND ACTIVITIES, SPIRITUAL AND RELIGIOUS LIFE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Clark Board Member (from 3/1/2022) | Trustee | 2 | $0 |
Arthur Rice ESQ Chairman | Trustee | 5 | $0 |
Barbara M Beever Secretary | Trustee | 2 | $0 |
Brett Amendola Board Member | Trustee | 2 | $0 |
Brian E Spears Board Member (to 1/1/2022) | Trustee | 2 | $0 |
Carlton L Highsmith Vice Chairman | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diversified Building Services Llc Janitorial Services | 6/29/22 | $434,372 |
Strategic Spaces Llc Design Agency | 6/29/22 | $369,456 |
M&r Construction Llc Construction | 6/29/22 | $288,910 |
All Area Landscaping Llc Landscaping | 6/29/22 | $257,712 |
Facilities Compliance Fire Protection Ll Fire Protection Services | 6/29/22 | $230,456 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,326,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,218,358 |
| Noncash contributions included in lines 1a–1f | $483,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,545,112 |
| Total Program Service Revenue | $487,734,443 |
| Investment income | $12,920,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $307,883 |
| Net Gain/Loss on Asset Sales | -$1,158,774 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,471,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $169,543,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,884,592 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,677,194 |
| Compensation of current officers, directors, key employees. | $1,453,926 |
| Compensation to disqualified persons | $180,034 |
| Other salaries and wages | $136,657,695 |
| Pension plan accruals and contributions | $9,187,910 |
| Other employee benefits | $24,771,541 |
| Payroll taxes | $9,571,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,405,161 |
| Fees for services: Accounting | $134,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,994,131 |
| Fees for services: Other | $9,069,521 |
| Advertising and promotion | $6,224,387 |
| Office expenses | $19,831,593 |
| Information technology | $6,884,861 |
| Royalties | $0 |
| Occupancy | $9,136,577 |
| Travel | $4,546,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $454,502 |
| Interest | $16,820,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,139,278 |
| Insurance | $5,772,432 |
| All other expenses | $4,317,264 |
| Total functional expenses | $491,789,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,255,026 |
| Savings and temporary cash investments | $135,609,713 |
| Pledges and grants receivable | $11,918,031 |
| Accounts receivable, net | $6,793,838 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $108,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,128,769 |
| Net Land, buildings, and equipment | $970,210,217 |
| Investments—publicly traded securities | $523,909,331 |
| Investments—other securities | $59,239,329 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,988,952 |
| Total assets | $1,727,162,039 |
| Accounts payable and accrued expenses | $39,515,212 |
| Grants payable | $0 |
| Deferred revenue | $27,719,640 |
| Tax-exempt bond liabilities | $412,426,640 |
| 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 | $9,798,552 |
| Total liabilities | $489,460,044 |
| Net assets without donor restrictions | $1,131,128,664 |
| Net assets with donor restrictions | $106,573,331 |
| 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 | $1,727,162,039 |