TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202211369349309291 - Rendered 2024-05-05 TIN: 06-0646701

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

QUINNIPIAC UNIVERSITY

Employer identification number

06-0646701

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE 990 IS PREPARED BY MARCUM LLP, AND REVIEWED BY MANAGEMENT, CFO, GENERAL COUNSEL, AND THE PRESIDENT, WHO IS A MEMBER OF THE BOARD. COPIES OF THE FILED 990 ARE PROVIDED UPON REQUEST.
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 AND TRUSTEE FORMS ARE HELD BY THE OFFICE OF THE GENERAL COUNSEL. 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. THE FORMS ARE REVIEWED BY HUMAN RESOURCES AND LEGAL COUNSEL. IF ANY INDIVIDUAL HAS A CONFLICT OF INTEREST, THEY WOULD RECUSE THEMSELVES FROM ALL DISCUSSIONS ON THE MATTER IN QUESTION.
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 RECOMMENDATION 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:	CHANGE IN FAIR VALUE OF TRUSTS HELD BY THIRD PARTIES AND CHARITABLE REMAINDER UNIT TRUSTS -80,217.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART XI, LINE 8:	UPON INTERNAL INSPECTION OF IGHM BY MANAGEMENT, THERE WERE SOME INACCURACIES IN THE PRESENTATION OF RESTRICTED ASSETS AND ARTWORK. THE PRIOR PERIOD ADJUSTMENT FOR FY 2021 ACCOUNTS FOR RECLASSIFICATION OF CERTAIN AMOUNTS AND ALLOWS FOR PROPER REFLECTION OF THOSE AMOUNTS ON PART X, AS WELL AS SCHEDULE D.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE 990 IS PREPARED BY MARCUM LLP, AND REVIEWED BY MANAGEMENT, CFO, GENERAL COUNSEL, AND THE PRESIDENT, WHO IS A MEMBER OF THE BOARD. COPIES OF THE FILED 990 ARE PROVIDED UPON REQUEST.

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 AND TRUSTEE FORMS ARE HELD BY THE OFFICE OF THE GENERAL COUNSEL. 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. THE FORMS ARE REVIEWED BY HUMAN RESOURCES AND LEGAL COUNSEL. IF ANY INDIVIDUAL HAS A CONFLICT OF INTEREST, THEY WOULD RECUSE THEMSELVES FROM ALL DISCUSSIONS ON THE MATTER IN QUESTION.

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 RECOMMENDATION 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:

CHANGE IN FAIR VALUE OF TRUSTS HELD BY THIRD PARTIES AND CHARITABLE REMAINDER UNIT TRUSTS -80,217.

FORM 990, PART XII, LINE 2C:

THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

FORM 990, PART XI, LINE 8:

UPON INTERNAL INSPECTION OF IGHM BY MANAGEMENT, THERE WERE SOME INACCURACIES IN THE PRESENTATION OF RESTRICTED ASSETS AND ARTWORK. THE PRIOR PERIOD ADJUSTMENT FOR FY 2021 ACCOUNTS FOR RECLASSIFICATION OF CERTAIN AMOUNTS AND ALLOWS FOR PROPER REFLECTION OF THOSE AMOUNTS ON PART X, AS WELL AS SCHEDULE D.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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