2016-05-10T10:42:42-07:00 2015-06-30 990 2014-07-01 060646701 QUINNIPIAC UNIVERSITY QUIN 2035828200 275 Mount Carmel Avenue Hamden CT 065181908 John Lahey President 2035828700 2016-05-16 2014 2016-08-17 19:52:53Z Dr John L Lahey Quinnipiac University 275 Mount Carmel Avenue Hamden CT 065181908 532235630 0 X www.quinnipiac.edu X 1929 CT Provide higher education. 36 32 4859 0 0 0 10646442 8127101 363053568 377481944 35431651 30729855 0 0 409131661 416338900 101882420 111272168 0 0 154785929 150123901 0 0 4725673 118593072 125284425 375261421 386680494 33870240 29658406 1312182147 1331686737 576190695 581622954 735991452 750063783 Provide higher education. 0 0 117284021 1657771 328512194 Educational Programs: Includes the provision of instruction as well as research activities. 46514071 1597367 67537337 Auxiliary services: Includes the provision of dormmitory and dining services for residential students as well as upkeep for student facilities 164231400 108017030 4158565 Student Service Programs: Includes the provision for programs and services supporting the student life program and expenditures relating to student financial aid. 0 0 0 328029492 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11622 0 1 4859 1 0 0 0 0 0 0 0 0 0 0 X 36 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 CT X Daniel R Johnson 2035828930 275 Mount Carmel Avenue Hamden CT 065181908 Richard P Howard Chairman 5 0 X 0 0 0 Barbara M Beever Secretary 2 0 X 0 0 0 Carlton L Highsmith Vice Chairman 2 0 X 0 0 0 David R Nelson Vice Chairman 2 0 X 0 0 0 William C Weldon Vice Chairman 2 0 X 0 0 0 John C Abella Board Member 2 0 X 0 0 0 Alexander Alexiades Board Member 2 0 X 0 0 0 John R Antonino Board Member 2 0 X 0 0 0 William L Ayers Jr Board Member 2 0 X 0 0 0 Patrick Baumgarten Board Member 2 0 X 0 0 0 Donald P Calcagnini Board Member 2 0 X 0 0 0 Albert A Canosa Board Member 2 0 X 0 0 0 Debbie Casanova Board Member 2 0 X 0 0 0 William Euille Board Member 2 0 X 0 0 0 Tariq Farid Board Member 2 0 X 0 0 0 Patricia Farrell Board Member 2 0 X 0 0 0 Gabriel Ferrucci Board Member 2 0 X 0 0 0 Dennis P Flanagan Board Member 2 0 X 0 0 0 Terry W Goodwin Board Member 2 0 X 0 0 0 Robert J Hauser Jr Board Member 2 0 X 0 0 0 Hugh F Keefe Esq Board Member 2 0 X 0 0 0 MS Koly Board Member 2 0 X 0 0 0 Marcus R McCraven Board Member 2 0 X 0 0 0 Paula A Moynahan MD Board Member 2 0 X 0 0 0 Kenneth Neilson Board Member 2 0 X 0 0 0 Marybeth Noonan Board Member 2 0 X 0 0 0 William T Platt Jr Board Member 2 0 X 0 0 0 Arthur Rice Esq Board Member 2 0 X 0 0 0 Christian Sauska Sr Board Member 2 0 X 0 0 0 Richard Silver Esq Board Member 2 0 X 0 0 0 Eugene R Singer Board Member 2 0 X 0 0 0 Brian E Spears Board Member 2 0 X 0 0 0 Mark Standish Board Member 2 0 X 0 0 0 Jennifer Torey Board Member 2 0 X 0 0 0 John Lahey President 32 8 X X 1143134 285783 40672 Patrick Healy Senior Vice President for Finance 32 8 X 506494 126623 40672 Mark Thompson Executive Vice President & Provost 32 8 X 541308 135327 45200 Bruce Koepen Dean of the School of Medicine 40 0 X 474730 0 21433 Donald Weinbach Vice President for Development & Alumni Affairs 40 0 X 458642 0 45200 Thomas Moore Men's Basketball Coach 40 0 X 465913 0 45701 Joan Isaac Mohr Vice President for Admissions and Financial Aid 40 0 X 423667 0 40672 4013888 547733 279550 354 0 1 0 Centerbrook 67 Main Street PO Box 955 Centerbrook CT 06409 Architect 8238283 ANC Sports Enterprises LLC 2 Manhattanville Rd Suite 402 Purchase NY 10577 Sports Consultants 3088798 Frenkel Benefits LLC 350 Hudson St 4th Floor New York NY 10014 Benefits Consultants 1856698 PAC Group LLC PO Box 52 Harwinton CT 06791 Construction 1226734 Wiggin & Dana One Century Tower New Haven CT 06508 Lawyers 413473 17 0 0 0 0 3041903 5085198 0 8127101 Tuition and fees 611310 305786042 305786042 0 0 Auxiliary enterprises 611310 67537337 0 0 67537337 Organized activities and other 611310 4158565 0 0 4158565 0 0 0 0 377481944 9757010 9757010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 136869575 0 115896730 0 20972845 0 20972845 0 0 20972845 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 416338900 315543052 0 92668747 111272168 111272168 0 0 0 0 0 0 1714703 0 1714703 0 0 0 0 0 114706250 91533743 20335386 2837121 7148012 5719842 1229808 198362 18603083 13992956 3918098 692029 7951853 6312206 1460513 179134 0 0 0 0 541066 0 541066 0 123400 0 123400 0 0 0 0 0 0 2480539 0 2480539 0 0 0 0 0 1437201 1048306 388895 0 5373088 4141935 1094979 136174 6696602 4200916 2443017 52669 0 0 0 0 22406008 20989910 1416098 0 0 0 0 0 0 0 0 0 5866376 3959973 1558901 347502 21282922 18288849 2994073 0 0 0 0 0 26621075 23166790 3454285 0 4040307 1235379 2804928 0 Student meal plan 10475702 10475702 0 0 Professional services 6515072 3674085 2789395 51592 Other services 9515043 6106708 3177245 231090 Student shuttle service 1910024 1910024 0 0 386680494 328029492 53925329 4725673 0 0 523558 1360901 11468220 9755797 7554438 9078887 0 0 0 0 3517297 3601884 0 0 1857681 1818263 1183430320 254418456 929474379 929011864 288772752 317872430 62099056 52688725 0 0 0 0 6914766 6497986 1312182147 1331686737 46599364 37833471 0 0 19419604 31516873 459956017 448687973 0 0 0 0 175655 141807 0 0 50040055 63442830 576190695 581622954 X 694642729 706166561 11026708 10069208 30322015 33828014 735991452 750063783 1312182147 1331686737 X 29658406 -10997574 0 0 0 -4588501 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3781432 0 0 X X X 0 348869043 2846130 19732281 1092298 0 2480539 367874617 315199341 5795967 31769986 794571 0 3101680 348869043 272087523 866185 43899321 0 0 1653688 315199341 277466413 1156190 -5007118 0 0 1527962 272087523 223494676 954430 54420393 0 0 1403086 277466413 0.91 0.08 0.01 0 0 0 99265051 99265051 0 906920038 152993190 753926848 0 0 0 0 0 124668171 80123487 44544684 0 52577060 21301779 31275281 929011864 0 Payable to related entity 52580710 Deposits 7815750 Annuities payable 345733 Refundable government advances for loan programs 2700637 63442830 X Schedule D, Part III, Line 4 Art from the Great Irish Famine provide for an enhanced scholarly understanding of a significant historical event. Schedule D, Part V, Line 4 Endowment is to provide income for program services and to provide for future operations and capital projects Schedule D, Part X, Line 2 The Internal Revenue Service has ruled that the University is a Section 501(c)(3) organization, exempt from Federal income tax under Section 501(a) of the Internal Revenue Code (the "IRC"). The University has been classified as a publicly supported organization under Section 509(a)(1) of the IRC and qualifies for the maximum charitable contribution deduction by donors. The University is also exempt from State of Connecticut income taxes. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability (or asset) if the University has any uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the University and has concluded that as of June 30, 2015 and 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosures in the financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Federal tax years ended June 30, 2012 through 2015 remain open for audit under the various statutes of limitations. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The following policy is found in the Quinnipiac student handbook which is posted at www.quinnipiac.edu website. Quinnipiac University does not discriminate on the basis of race, color, creed, gender, age, sexual orientation, national and ethnic origin, or disability status in the administration of its educational and admissions policies, employment policies, scholarship and loan programs athletic programs or other University administered programs. Schedule E, Part I, Line 6 Quinnipiac University received several Title IV grants from the federal government that are used to provide assistance to students at the University X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 John Lahey President 848000 212000 0 0 295134 73783 18400 4600 14138 3534 1175672 293917 0 Mark Thompson Executive Vice President & Provost 480000 120000 0 0 61308 15327 18400 4600 17760 4440 577468 144367 0 Patrick Healy Senior Vice President for Finance 452000 113000 0 0 54494 13623 18400 4600 14138 3534 539032 134757 0 Bruce Koepen Dean of the School of Medicine 428655 0 0 0 46075 0 21433 0 0 0 496163 0 0 Donald Weinbach Vice President for Development & Alumni Affairs 425000 0 0 0 33642 0 23000 0 22200 0 503842 0 0 Thomas Moore Men's Basketball Coach 400000 0 0 0 65913 0 17500 0 28201 0 511614 0 0 Joan Isaac Mohr Vice President for Admissions and Financial Aid 385000 0 0 0 38667 0 23000 0 17672 0 464339 0 0 Schedule J, Part I, Line 1a The President receives a housing allowance as he conducts significant University business in his private home. Schedule J, Part I, Line 3 The Personnel Committee of Quinnipiac University facilitates the evaluation process and salary review of the President and Vice Presidents of the University. The Committee meets on a regular basis at least two times each year to evaluate the performance of the President and Vice Presidents based on the success or failure of meeting their approved annual goals and objectives. Their salary adjustments based on merit are tied to this evaluation, comparative salary data from similar institutions and recommendations of the President or, in the case of the President, the Committee. The Committee has authority as delegated to it by the full Board of Trustees to execute and amend the contracts for the President and Vice Presidents of the University. A State of Connecticut Health and Educational Facilities Authority Series H 060806186 20774UGS8 2006-12-13 72974244 Provide funds to construct new residence hall and other improvements 0 0 0 B State of Connecticut Health and Educational Facilities Authority Series I 060606186 20774USU0 2007-12-20 142822649 Provide funds to construct new residence hall, student center, and parking garage. 0 0 0 C State of Connecticut Health and Educational Facilities Authority Series J 060806186 20774UL29 2008-09-03 166862211 Provide funds to construct a new residence hall, student center and parking garage. 0 0 0 D State of Connecticut Health and Educational Facilities Authority Series K-1 060806186 20774UXD2 2008-04-22 67455076 Provide funds to defease previously issued bonds 0 0 0 A 0 0 75861454 0 0 0 2013867 0 0 73847587 0 0 2010 0 0 1 1 B 0 0 152908835 0 0 0 2404648 0 0 150504187 0 0 2011 0 0 1 1 C 0 0 171431222 0 0 0 2492023 0 0 168949199 0 0 2011 0 0 1 1 D 64650000 0 67455076 0 0 0 2337498 0 0 0 467578 0 2008 1 0 1 1 A 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 C 0 0 0 0 0 0 0 1 0 1 D 0 0 0 0 0 0 0 1 0 1 A 0 0 1 0 0 1 JP Morgan 27.2 0 1 0 0 1 B 0 0 1 0 0 0 1 Trinity Funding Company 4.2 1 0 1 C 0 0 1 0 0 0 1 Trinity Funding Company 1.5 1 0 1 D 0 0 1 0 0 1 JP Morgan 22.2 0 1 0 0 1 A 1 B 1 C 1 D 1 A State of Connecticut Health and Educational Facilities Authority Series K-2 060806186 20774UXZ3 2008-04-22 54086147 Provide funds to defease previously issued bonds. 0 0 0 A 0 51700000 54086147 0 0 0 2014584 0 0 0 375563 0 2008 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 0 1 0 0 1 JP Morgan 22.2 0 1 0 0 1 A 1 Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by Quinnipiac University administrators and reviewed by the CFO and the President, who is a member of the board. Form 990, Part VI, Section B, Line 12c Senior management and Trustees of Quinnipiac University are required to complete an annual Conflict of Interest Disclosure form. Senior management forms are held by the President of the University; those of Trustees are held by the Chairman of the Board of Trustees of Quinnipiac University. Senior management identifies additional employees, particularly those who are involved in making purchases for the University or approving business relationships with the University, to complete the disclosure form. Form 990, Part VI, Section B, Line 15 The Personnel Committee of Quinnipiac University facilitates the evaluation process and salary review of the President and Vice Presidents of the University. The Committee meets on a regular basis at least two times each year to evaluate the performance of the President and Vice Presidents based on the success or failure of meeting their approved annual goals and objectives. Their salary adjustments based on merit are tied to this evaluation, comparative salary data from similar institutions and recommendations of the President or, in the case of the President, the Committee. The Committee has authority as delegated to it by the full Board of Trustees to execute and amend the contracts for the President and Vice Presidents of the University. Form 990, Part VI, Section C, Line 19 These documents are available upon request. Form 990, Part XI, Line 9 Non-operating costs associated with restructuring. Quinnipiac University Online Inc 275 Mount Carmel Avenue Hamden CT 06518 061614887 Prepare and deliver distance education CT 501(c)(3) A school Quinnipiac University 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0