Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
35 people listed on the 990; $4.9M paid to officers and key staff.
Judy Olian’s $1.3M as President (until 06/25) is at the 81st percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Judy Olian | $1,253,068 | $1,877,943 | $1,105,749 | $927,732 | $968,042 | $977,561 |
| Rand Pecknold | $737,820 | $845,409 | $610,520 | $565,980 | $554,664 | $628,584 |
| John Lahey | $224,631 | $225,121 | $225,696 | $227,027 | $268,052 | $783,187 |
| William Dunleavy | — | — | $735,548 | $722,775 | $703,900 | $719,271 |
| Phillip Boiselle | $645,229 | $634,947 | $624,302 | — | — | — |
| Elicia Spearman Left 42024 | — | $609,313 | — | — | — | — |
| Elicia Spearman | — | — | $604,080 | $417,385 | — | — |
| Debra Liebowitz | $582,388 | $543,594 | $541,701 | $512,547 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Quinnipiac University executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates students for future careers, fostering global citizenship and personal growth.
Questions for Quinnipiac University
Your first name shows with your question. Quinnipiac University answers here, for everyone.
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…
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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 12 smaller programs.
The auditor reported 4 findings: a weakness in money controls.
Plus 12 smaller programs.
The auditor reported 2 findings: a weakness in money controls.
Plus 11 smaller programs.
The auditor reported 3 findings: a material weakness in money controls, questioned costs.
Plus 9 smaller programs.
The auditor reported 1 finding: a weakness in money controls.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $744.8M | $741.7M | $719.0M | $674.1M | $753.9M |
| Given inLn 1b | $30.1M | $7.3M | |||
| SpentLn 1d–1f | $95.4M | $97.6M | $59.2M | $9.9M | $8.4M |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.5M | $14.3M |
| InvestmentsLn 11–13 | $777.9M | $792.4M |
| Land, buildings, equipmentLn 10c | $1.15B | $1.23B |
| Total assetsLn 16 | $1.98B | $2.07B |
| LiabilitiesLn 26 | $508.9M | $493.7M |
| Net assetsLn 32 | $1.47B | $1.57B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $203.7M | $203.7M | ||
| Grants and assistance to foreign recipientsLn 3 | $6.7M | $6.7M | ||
| Pay of current officers, directors and key staffLn 5 | $2.0M | $132K | $1.7M | $132K |
| Pay of disqualified personsLn 6 | $180K | $180K | ||
| Other salaries and wagesLn 7 | $151.5M | $121.5M | $26.7M | $3.3M |
| Pension plan contributionsLn 8 | $9.9M | $7.7M | $1.9M | $227K |
| Other employee benefitsLn 9 | $30.4M | $22.9M | $6.7M | $718K |
| Payroll taxesLn 10 | $10.7M | $8.6M | $1.9M | $246K |
| Legal feesLn 11b | $528K | $528K | ||
| Accounting feesLn 11c | $446K | $446K | ||
| Lobbying feesLn 11d | $49K | $49K | ||
| Investment management feesLn 11f | $4.0M | $4.0M | ||
| Other fees for servicesLn 11g | $14.8M | $11.5M | $3.2M | $121K |
| Advertising and promotionLn 12 | $6.0M | $4.9M | $1.1M | $2K |
| Office expensesLn 13 | $29.3M | $27.8M | $1.4M | $163K |
| Information technologyLn 14 | $8.5M | $4.3M | $3.9M | $270K |
| OccupancyLn 16 | $11.4M | $10.6M | $799K | |
| TravelLn 17 | $5.7M | $4.1M | $1.5M | $83K |
| Conferences, conventions and meetingsLn 19 | $741K | $605K | $128K | $8K |
| InterestLn 20 | $15.9M | $15.9M | ||
| Depreciation, depletion and amortizationLn 22 | $34.0M | $31.2M | $2.8M | $21K |
| InsuranceLn 23 | $5.3M | $202K | $5.1M | |
| Other expenses (24a–d)Ln 24 | $16.3M | $13.7M | $1.9M | $704K |
| All other expensesLn 24e | $10.1M | $7.8M | $2.2M | $35K |
| Total functional expensesLn 25 | $578.1M | $503.9M | $68.2M | $6.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 13, 2026 | $658.6M | $578.1M | $80.5M | $1.6B | 990 PDF |
| FY2024Filed with the IRS May 14, 2025 | $595.3M | $537.2M | $58.1M | $1.5B | 990 PDF |
| FY2023Filed with the IRS May 14, 2024 | $541.8M | $500.8M | $41.0M | $1.4B | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $533.5M | $491.8M | $41.7M | $1.2B | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $531.9M | $486.6M | $45.3M | $1.3B | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $499.7M | $468.6M | $31.1M | $1.1B | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $658,577,859 revenue, 12 lines filed
Part VI · Governance 24 of 25 board members independent, no flags
Part VIII · Statement of revenue $658,577,859 across 12 lines filed
Part IX · Statement of functional expenses $578,074,454 across 24 lines filed
Part X · Balance sheet $2,068,663,957 assets, 19 lines filed
Part XI · Reconciliation of net assets $1,574,942,036 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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