Quincy University Corporation
- Assets
- $59.9m
- Revenue
- $50.2m
- Investments
- $0.0
- Employees
- 544
- Location
- Quincy, IL
- Founding
- 09/1940
- Data as of
- 05/2022
- EIN
- 37-0661231
Organization Overview
Quincy University Corporation is located in Quincy, IL. The organization was established in 1940. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Quincy University Corporation employed 544 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy University Corporation 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 05/2022, Quincy University Corporation generated $50.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $49.2m during the year ending 05/2022. While expenses have increased by 2.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE MEN AND WOMEN FOR LEADERSHIP AND FOR THE TRANSFORMATION OF THE WORLD BY EDUCATING THEM TO SEEK KNOWLEDGE THAT LEADS TO WISDOM. WE WELCOME ALL TO SHARE OUR SPIRIT AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTION: APPROXIMATELY 1,170 DEGREE-SEEKING STUDENTS ENROLLED, WITH INSTITUTIONAL AID TO APPROXIMATELY 1,150 STUDENTS. ADDITIONALLY, APPROXIMATELY 120 STUDENTS ENROLLED IN POST BACCALAUREATE WORKSHOPS.
ACADEMIC SUPPORT & OTHER
STUDENT SERVICES: INCLUDES DEPARTMENTS SUCH AS ADMISSIONS, FINANCIAL AID STUDENT LIFE, CAMPUS MINISTRY, REGISTRAR, AND ATHLETIC PROGRAMS. THESE OFFICES SERVE STUDENTS THROUGH THE FALL, SPRING, AND SUMMER TERMS.
AUXILIARY ENTERPRISES: SERVES APPROXIMATELY 560 STUDENTS. THE MAJORITY OF THIS AREA IS COMPRISED OF THE ADMINISTRATION AND MAINTENANCE OF STUDENT HOUSING AS WELL AS FOOD SERVICE. THE UNIVERSITY HAS DORMITORIES AS WELL AS HOUSES AND APARTMENTS WITH ONE MAIN DINING HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Brian Mcgee President | OfficerTrustee | 40 | $288,908 |
Robert Wyatt VP Advanceme | 40 | $136,703 | |
Cynthia Haliemun Dean, School | 40 | $126,525 | |
Thomas Oliver VP Enrollmen | 40 | $124,352 | |
Mark Strieker CFO - Treasu | Officer | 40 | $115,713 |
Dr Maureen Banks Trustee | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Service | 5/30/23 | $2,625,614 |
National Management Resources Corp Maintenance Out | 5/30/23 | $1,043,800 |
Eab Marketing | 5/30/23 | $608,785 |
Emrick Brothers Llc Construction | 5/30/23 | $510,150 |
Per Mar Security & Research Corp Security | 5/30/23 | $272,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,896 |
| Related organizations | $0 |
| Government grants | $4,452,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,801,043 |
| Noncash contributions included in lines 1a–1f | $546,115 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,295,708 |
| Total Program Service Revenue | $34,463,871 |
| Investment income | $498,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,473 |
| Net Gain/Loss on Asset Sales | $562,726 |
| Net Income from Fundraising Events | $3,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,168,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,543,033 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,155,224 |
| Pension plan accruals and contributions | $102,255 |
| Other employee benefits | $1,226,007 |
| Payroll taxes | $569,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,954 |
| Fees for services: Accounting | $73,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $147,751 |
| Fees for services: Other | $3,920,056 |
| Advertising and promotion | $52,451 |
| Office expenses | $67,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,058,244 |
| Travel | $230,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,455,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,714,104 |
| Insurance | $531,258 |
| All other expenses | $595,238 |
| Total functional expenses | $49,176,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,351,778 |
| Accounts receivable, net | $406,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $62,653 |
| Inventories for sale or use | $31,407 |
| Prepaid expenses and deferred charges | $727,568 |
| Net Land, buildings, and equipment | $33,625,102 |
| Investments—publicly traded securities | $23,655,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,500 |
| Total assets | $59,925,155 |
| Accounts payable and accrued expenses | $2,233,610 |
| Grants payable | $0 |
| Deferred revenue | $2,361,074 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $200,050 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,804,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $205,820 |
| Total liabilities | $39,805,105 |
| Net assets without donor restrictions | $892,053 |
| Net assets with donor restrictions | $19,227,997 |
| 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 | $59,925,155 |