Quinnipiac University Online Inc

“Effective 7/1/2019 quinnipiac university online merged into quinnipiac university and ceased being a legal entity.”

“Prior to the merger into quinnipiac university, quinnipiac university was the designated member of the organization as stated in the bylaws.”

“Prior to the merger into quinnipiac university, quinnipiac university had the power to elect and appoint the members of the governing body.”

“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.”

“Quinnipiac university online, inc. Followed the conflict of interest procedures of its related organization, quinnipiac university which is as follows: 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.”

“The compensation of the officer's of quinnipiac university online, inc. Is paid by quinnipiac university. Quinnipiac university online, inc. Adopted the policies of quinnipiac university which is described below: the compensation committee of quinnipiac university facilitates the evaluation process and salary review of the president and vice president 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 and tied to this evaluation, comparative salary data from similar institutions and recommendations of the president or, in the case of the president, the committee has authority as delegated to it by the full board of trustees to execute and amend the contacts for the president and vice presidents of the university.”

“These documents are available upon request.”

“Effectively july 1, 2019, the activities of quinnipiac university online, inc. Were merged into quinnipiac university, it's sole member. The program activities of developing, preparing and delivering distance education continues to be performed directly through quinnipiac university.”

“Transfer of net assets to quinnipiac university -78,749,863.”

“The process has not changed from the prior year.”