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Quincy University Corporation

Quincy, IL · EIN 37-0661231 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Quincy University Corporation reported $60.4 million in revenue and $59.6 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $89.36 went to program services, $9.16 to management and general costs and $1.48 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.7% of the total. The highest compensation it reported for one person was $334,625 (PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 38% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $60M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $60M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.4%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.2%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.06$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
24.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
4.5%1.1%
Program service revenue share
Part VIII 2g ÷ 12
72.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$334,625$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.56%1.28%
People paid over $100,000
Part VII, line 2
58
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.013.3
Independent voting board members
Part VI 1a–1b
27 of 27100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$34M expenses · 63.4% of program spending · grants $25M · revenue $35M

Institution: approximately 1,050 degree-seeking students enrolled, with institutional aid to almost all students. Additionally, approximately 90 students enrolled in post baccalaureate workshops

$10M expenses · 19.1% of program spending · revenue $586K

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

$7.0M expenses · 13.1% of program spending · revenue $8.6M

Auxiliary enterprises: serves approximately 680 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

$2.4M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$319,391$0$15,234$334,625
VP ADVANCEME
Highest compensated employee, 40.00 hrs/week
$174,552$0$12,696$187,248
VP ACADEMIC
Highest compensated employee, 40.00 hrs/week
$171,564$0$10,684$182,248
VP ENROLLMEN
Highest compensated employee, 40.00 hrs/week
$152,986$0$22,007$174,993
CFO - TREASU
Officer, 40.00 hrs/week
$130,125$0$17,483$147,608
SECRETARY
Officer, 40.00 hrs/week
$63,570$0$0$63,570

5 people received more than $100,000 in reportable compensation from Quincy University Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $520K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$60M$60M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$60M$60M89.4%$15M$334,625
FY2024 ⓘ$57M$58M89.9%$15M$317,610
FY2023 ⓘ$52M$54M88.7%$16M$296,698
FY2022 ⓘ$50M$49M89.7%$20M$259,846
FY2021 ⓘ$44M$45M91.0%$22M$237,981
FY2020 ⓘ$44M$44M89.9%$20M$150,896

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b27 · 27 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 5642
  • Volunteers Part I, line 630

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
CHARTWELLS
Food service
$3,201,377
NATIONAL MANAGEMENT RESOURCES CORP
Maintenance
$1,842,958
LAVERDIERE CONSTRUCTION
Construction
$1,751,531
WATERKOTTE CONSTRUCTION
Construction
$815,973
EAB
Marketing
$511,864

Individuals listed as contractors are left out. 19 contractors were paid more than $100,000 in all.

Private foundation grants it received

20 private foundations reported grants to Quincy University Corporation totaling $218K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Quincy University Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Quincy University Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Illinois

Questions people ask

How much of Quincy University Corporation's spending goes to programs?

In the fiscal year ending May 31, 2025, Quincy University Corporation reported that 89.4% of its $59.6 million in expenses went to program services, 9.2% to management and general and 1.5% to fundraising (Form 990, Part IX).

How much does Quincy University Corporation pay its top executive?

The largest total compensation Quincy University Corporation reported for one person in the fiscal year ending May 31, 2025 was $334,625, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Quincy University Corporation get its money?

Of $60.4 million in revenue in the fiscal year ending May 31, 2025, 24.1% came from contributions and grants (including 4.5% from government grants) and 72.7% from program service revenue (Form 990, Part VIII).

Is Quincy University Corporation a registered charity?

The IRS lists EIN 37-0661231 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202640449349300149 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202510289349300241 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202440299349301894 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202320349349300012 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202230319349302103 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202003159349300730 · read the filing

All filings for EIN 37-0661231: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.