Quinnipiac University
86% goes to programs $35 to raise $100 Strong reserves
Quinnipiac University is a 501(c)(3) organization based in Hamden, Connecticut, registered in 1938, with $595,343,168 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
275 Mount Carmel Ave, Hamden, CT, 06518 EIN 06-0646701 Since 1938
Revenue (FY2023)
$595.3M
▲ 9.9% vs prior year
Education median: $200K
Expenses (FY2023)
$537.2M
Net assets
$1.5B
Employees
4,629
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating86% to programs · $35 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Quinnipiac University: 86% to programs · $35 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating33 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Quinnipiac University: 33 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Quinnipiac University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Quinnipiac University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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 6,200 undergraduate and 2,700 graduate students.
What they do
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. students 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 counseling and support, financial aid guidance, athletics and recreation, clubs and activities, spiritual and religious life.
Contact & location
- Address
- 275 Mount Carmel Ave, Hamden, CT, 06518
- City
- Hamden
- State
- Connecticut
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $409.1M (FY2013) to $595.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $508.9MNet assets $1.5B
Operating margin
9.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$508.9M
Net assets
$1.5B
Salaries & benefits
$194.2M
36% of expenses
Board members
24
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $595,343,168▲9.9% | $537,208,272▲7.3% | $1,472,878,076▲8.9% | $1,981,792,376▲4.9% | 990 |
| 2022 | $541,824,099▲1.6% | $500,797,570▲1.8% | $1,352,732,449▲9.3% | $1,889,769,630▲9.4% | 990 |
| 2021 | $533,471,085▲0.3% | $491,789,250▲1.1% | $1,237,701,995▼5.4% | $1,727,162,039▼4.4% | 990 |
| 2020 | $531,949,834▲6.5% | $486,620,067▲3.9% | $1,307,798,833▲22.8% | $1,807,258,104▲13.7% | 990 |
| 2019 | $499,698,237▼4.9% | $468,561,968▼1.0% | $1,065,126,003▲10.0% | $1,589,887,299▲1.0% | 990 |
| 2018 | $525,577,539▼8.8% | $473,353,199▲2.2% | $968,575,430▲4.5% | $1,573,571,385▲1.7% | 990 |
| 2017 | $576,155,570▲21.4% | $463,180,003▲7.9% | $927,241,681▲9.0% | $1,547,141,912▲4.6% | 990 |
| 2016 | $474,412,614▲6.7% | $429,463,818▲7.8% | $850,524,996▲15.0% | $1,478,875,993▲8.0% | 990 |
| 2015 | $444,719,813▲6.8% | $398,254,220▲3.0% | $739,883,457▼1.4% | $1,369,908,272▲2.9% | 990 |
| 2014 | $416,338,900▲1.8% | $386,680,494▲3.0% | $750,063,783▲1.9% | $1,331,686,737▲1.5% | 990 |
| 2013 | $409,134,661 | $375,261,421▲13.5% | $735,991,452▲10.2% | $1,312,182,147▲6.8% | 990 |
| 2012 | — | $330,541,859▲5.3% | $667,577,515▲8.6% | $1,228,784,217▲4.3% | 990 |
| 2011 | — | $313,977,506▲11.6% | $614,624,457▲2.5% | $1,178,433,813▲1.0% | 990 |
| 2010 | — | $281,350,470▲14.6% | $599,625,657▲19.4% | $1,166,197,072▲6.4% | 990 |
| 2009 | — | $245,505,768 | $502,221,192 | $1,096,035,998 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Judy Olian — $1,877,943 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Judy Olian | President | 40 | $1,877,943 |
| Rand Pecknold | Men's Ice Hockey Coach | 40 | $845,409 |
| Phillip Boiselle | Dean of the School of Medicine | 40 | $634,947 |
| Elicia Spearman Left 42024 | General Counsel and Vp of Hr | 40 | $609,313 |
| Mark Varholak | Cfo | 40 | $559,745 |
| Debra Liebowitz | Provost | 40 | $543,594 |
| Patricia Sacca-fabbri | Women's Basketball Coach | 40 | $422,650 |
| John Lahey | Former President Emeritus | 40 | $225,121 |
| Alexander Clark | Board Member | 2 | — |
| Arthur Rice | Board Member (left 6/30/2023) | 2 | — |
| Barbara M Beever | Secretary | 2 | — |
| Brett Amendola | Board Member | 2 | — |
| Carlton L Highsmith | Vice Chairman | 2 | — |
| Charles Saia Jr | Chairman | 5 | — |
| Christian Sauska Sr | Board Member (left 6/30/2023) | 2 | — |
| David W Keiser | Board Member | 2 | — |
| Deborah Dyett Desir | Board Member | 2 | — |
| Erik Clemons | Board Member | 2 | — |
| James Loree | Board Member | 2 | — |
| Jeanna Doherty | Board Member | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Pac Group LLC | Builders | $1,111,612 |
| Pei Cobb Freed & Partners LLP | Architects | $1,066,523 |
| Ellucian Company LP | Student Information Systems (sis) | $878,585 |
| Carnegie Darlet LLC | Marketing/enrollment Strategy | $827,823 |
| Strategic Spaces LLC | Design Agency | $570,462 |
Grants received · $17.1M total
95 grants to Quinnipiac University totaling $17.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $56,161 |
| Community Foundation For Greater New Haven | To support the study of pollutants and other water quality parameters along the quinnipiac river from meriden (hanover pond) through north haven. | 2024 | $34,000 |
| National Board of Medical Examiners | Grant - see part iv | 2024 | $24,168 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Gift Fund | Operations | 2024 | $10,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $10,000 |
| The Blackbaud Giving Fund | General support | 2024 | $5,561 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $815,407 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $342,025 |
| Yale New Haven Health Services Corporation | Support mission | 2023 | $219,975 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $100,000 |
| Greater Hartford Gives Foundation | Scholarships | 2023 | $32,108 |
| American Online Giving Foundation Inc | General support | 2023 | $30,163 |
| Charities Aid Foundation America | Charitable donation | 2023 | $27,739 |
| Cfa Institute | Gen support | 2023 | $20,000 |
Grants made · $25K in FY2019
1 grant totaling $25K in FY2019. All grants made by Quinnipiac University →
| Recipient | Purpose | Amount |
|---|---|---|
| The Connecticut Catholic Foundation Inc | General support | $25,000 |
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Frequently asked questions
- Is Quinnipiac University a legitimate nonprofit?
- Yes. Quinnipiac University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646701, based in Hamden, Connecticut. Donations are tax-deductible.
- What is Quinnipiac University's EIN?
- Quinnipiac University's Employer Identification Number (EIN) is 06-0646701.
- How much revenue does Quinnipiac University report?
- Quinnipiac University reported $595,343,168 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Quinnipiac University's spending goes to programs?
- Quinnipiac University spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Quinnipiac University have?
- CharityIndex grades Quinnipiac University A, based on program efficiency and fundraising cost.
- How much does Quinnipiac University's highest-paid employee make?
- The highest reported compensation on Quinnipiac University's latest Form 990 is $1,877,943, paid to Judy Olian (President).
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Data for Quinnipiac University (EIN 06-0646701) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.