Saint Xavier University
- Assets
- $156.4m
- Revenue
- $126.7m
- Investments
- $93.9k
- Employees
- 1,519
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 36-2177133
Organization Overview
Saint Xavier University is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Saint Xavier University employed 1,519 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Xavier University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Saint Xavier University generated $126.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $117.3m during the year ending 06/2023. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, AND COMMUNICATE EFFECTIVELY.
Describe the Organization's Program Activity:
FOUNDED IN CHICAGO BY THE SISTERS OF MERCY IN 1846, SAINT XAVIER UNIVERSITY IS A DISTINGUISHED, FOUR-YEAR, PRIVATE CATHOLIC INSTITUTION THAT EDUCATES FOR COMPETENCE, CHARACTER AND CAREER SUCCESS. CHICAGO'S FIRST CATHOLIC UNIVERSITY AND THE FIRST MERCY INSTITUTION OF HIGHER LEARNING IN THE WORLD, SAINT XAVIER IS STUDENT-CENTERED AND MISSION DRIVEN, INSPIRING ITS STUDENT COMMUNITY OF DOERS TO BE MORALLY COURAGEOUS LEADERS BY CONNECTING THEM TO ACTIVE AND ENGAGED LEARNING AND SERVICE OPPORTUNITIES. SAINT XAVIER IS A 2023-2024 COLLEGE OF DISTINCTION AND OFFERS A TRANSFORMATIVE EDUCATIONAL EXPERIENCE TO NEARLY 3,500 STUDENTS BY PROVIDING A WELL-ROUNDED CURRICULUM ACCREDITED BY THE HIGHER LEARNING COMMISSION/NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS. FOR THE 2023-2024 ACADEMIC YEAR, SXU WAS RECOGNIZED BY COLLEGES OF DISTINCTION IN THE AREAS OF NURSING, BUSINESS, EDUCATION, CAREER DEVELOPMENT, EQUITY AND INCLUSION, AND MILITARY SUPPORT. SXU WAS ALSO NAMED A MILITARY FRIENDLY SCHOOL BY MILITARY FRIENDLY IN 2023. HAVING RECENTLY CELEBRATED 175 YEARS OF EDUCATIONAL EXCELLENCE IN 2021, SAINT XAVIER OFFERS A VARIETY OF UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AS WELL AS DEGREE COMPLETION PROGRAMS TAUGHT BY 125 FULL-TIME FACULTY AND 294 ADJUNCT FACULTY MEMBERS WITHIN ITS TWO COLLEGES: THE COLLEGE OF LIBERAL ARTS AND EDUCATION AND THE COLLEGE OF NURSING, HEALTH SCIENCES AND BUSINESS. SAINT XAVIER'S SCHOOL OF NURSING CURRENTLY HOLDS THE NO. 5 RANKING FOR "BEST ONLINE GRADUATE NURSING PROGRAM" (U.S. NEWS & WORLD REPORT, 2023), AND ITS GRAHAM SCHOOL OF MANAGEMENT, WHICH IS AACSB-ACCREDITED, OFFERS A TOP-RANKED UNDERGRADUATE BUSINESS PROGRAM FOR STUDENTS (U.S. NEWS & WORLD REPORT, 2023). NAMED A TOP 10 "BEST VALUE SCHOOL" AMONG REGIONAL UNIVERSITIES IN THE MIDWEST AND AMONG THE "BEST COLLEGES FOR VETERANS" (U.S. NEWS & WORLD REPORT, 2023), SAINT XAVIER IS ALSO RECOGNIZED BY U.S. NEWS & WORLD REPORT FOR RACIAL AND ETHNIC DIVERSITY. IN 2023, SAINT XAVIER WELCOMED ITS LARGEST FRESHMAN CLASS IN THE HISTORY OF THE INSTITUTION. IN 2019, SAINT XAVIER WAS AWARDED A $3 MILLION GRANT FROM THE U.S. DEPARTMENT OF EDUCATION UNDER ITS DEVELOPING HISPANIC-SERVING INSTITUTIONS (DHSI) TITLE V PROGRAM (P031S190311). IN 2021, SXU WAS AWARDED TWO ADDITIONAL GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION. BOTH FIVE-YEAR GRANTS, ENLACE AND CONEXIONES ARE PART OF AN INTENTIONAL STRATEGY TO BUILD ADDITIONAL SUPPORTS AND STRENGTHEN EXISTING RESOURCES FOR SXU STUDENTS. SXU ALSO RANKS NO. 2 IN ILLINOIS AND FALLS WITHIN THE TOP 10 IN THE GREATER MIDWEST AMONG NOT-FOR-PROFIT INSTITUTIONS FOR ECONOMIC DIVERSITY, WITH 59% OF UNDERGRADUATE STUDENTS RECEIVING FEDERAL PELL GRANTS FOR LOW-INCOME STUDENTS. ACCORDING TO COLLEGE NAVIGATOR, SAINT XAVIER IS THE MOST AFFORDABLE CATHOLIC UNIVERSITY IN ILLINOIS. SXU ALSO PROVIDES AN EXCELLENT EDUCATION FOR ALL STUDENTS, REGARDLESS OF SOCIOECONOMIC STATUS, RANKING AS A TOP PERFORMER IN THE GREATER MIDWEST FOR SOCIAL MOBILITY (U.S. NEWS & WORLD REPORT, 2023).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Laurie Joyner President/secretary (end 7/7/23) | OfficerTrustee | 40 | $366,893 |
Tasha Henderson Chair | Trustee | 1 | $0 |
Chuck Newman Vice Chair | Trustee | 1 | $0 |
Avis Clendenen Trustee | Trustee | 1 | $0 |
Kristina Cummings CPA Trustee | Trustee | 1 | $0 |
Natasha Granholm CPA Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Data Mining | 6/29/23 | $1,006,639 |
Country House Restaurant Alsip Inc Dining Services | 6/29/23 | $2,561,038 |
Ellucian Lp It Erp Provider | 6/29/23 | $554,594 |
Conference Technologies Inc Capital Projects | 6/29/23 | $1,684,275 |
Vedder Price Pc Legal | 6/29/23 | $484,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $126,399 |
| Related organizations | $0 |
| Government grants | $7,202,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,749,772 |
| Noncash contributions included in lines 1a–1f | $11,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,079,076 |
| Total Program Service Revenue | $114,894,927 |
| Investment income | $1,815,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,190 |
| Net Gain/Loss on Asset Sales | $136,228 |
| Net Income from Fundraising Events | -$16,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,701,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,462,630 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $912,594 |
| Compensation of current officers, directors, key employees. | $707,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,860,607 |
| Pension plan accruals and contributions | $550,278 |
| Other employee benefits | $5,337,203 |
| Payroll taxes | $2,236,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $907,709 |
| Fees for services: Accounting | $75,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,763 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,515,166 |
| Office expenses | $1,809,421 |
| Information technology | $1,801,046 |
| Royalties | $0 |
| Occupancy | $874,223 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $896,250 |
| Interest | $748,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,774,365 |
| Insurance | $775,217 |
| All other expenses | $2,163,814 |
| Total functional expenses | $117,349,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,202,638 |
| Savings and temporary cash investments | $11,593,391 |
| Pledges and grants receivable | $1,572,758 |
| Accounts receivable, net | $1,430,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $470,037 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $680,076 |
| Net Land, buildings, and equipment | $71,122,779 |
| Investments—publicly traded securities | $36,944,170 |
| Investments—other securities | $93,926 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,313,145 |
| Total assets | $156,423,064 |
| Accounts payable and accrued expenses | $4,490,149 |
| Grants payable | $0 |
| Deferred revenue | $880,913 |
| Tax-exempt bond liabilities | $18,545,429 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,540,155 |
| Total liabilities | $31,456,646 |
| Net assets without donor restrictions | $102,451,276 |
| Net assets with donor restrictions | $22,515,142 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $156,423,064 |
Grants Awarded
Over the last fiscal year, Saint Xavier University has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORAINE VALLEY COMMUNITY COLLEGE PURPOSE: SUBAWARD | $5,500 |
CITY COLLEGES OF CHICAGO PURPOSE: SUBAWARD | $5,500 |