Xavier Foundation Inc
- Assets
- $5.6m
- Revenue
- $233.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 11/1996
- Data as of
- 06/2023
- EIN
- 86-0806832
Organization Overview
Xavier Foundation Inc is located in Phoenix, AZ. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xavier Foundation Inc 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, Xavier Foundation Inc generated $233.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $58.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE LONG-TERM PROSPERITY AND FISCAL HEALTH OF XAVIER COLLEGE PREPARATORY BY... TO PROVIDE FOR THE LONG-TERM PROSPERITY AND FISCAL HEALTH OF XAVIER COLLEGE PREPARATORY BY SUBSTANTIALLY ENHANCING THE FINANCIAL RESOURCES AVAILABLE FOR KEY AREAS OF THE XAVIER EDUCATION: SCHOLARSHIP, FACULTY DEVELOPMENT, CAPITAL PROJECTS, AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 47 NEED-BASED SCHOLARSHIPS TO XAVIER COLLEGE PREPARATORY STUDENTS THROUGH A PROCESS OF REVIEW AND DELIBERATION OF A COMMITTEE COMPRISED OF DONORS, XAVIER TEACHERS, COUNSELORS AND ADMINISTRATIVE STAFF. THESE SCHOLARSHIPS ENABLE STUDENTS TO ATTEND XAVIER COLLEGE PREPARATORY WHO OTHERWISE WOULD NOT HAVE THE OPPORTUNITY TO DO SO FOR FINANCIAL REASONS.
TO PROVIDE XAVIER COLLEGE PREPARATORY WITH FUNDS FOR FACULTY DEVELOPMENT WHICH WILL BE USED TO ENHANCE XAVIER COLLEGE PREPARATORY'S FACULTY WITH DEVELOPMENT OPPORTUNITIES THAT WILL FURTHER DEVELOP THEIR TEACHING SKILLS AND ENRICH THE CLASSROOM EXPERIENCE OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Clancy Treasurer/secretary | OfficerTrustee | 0.8 | $106,169 |
Ann Marie Alameddin Director | Trustee | 0.1 | $0 |
Margie Burke Director | Trustee | 0.1 | $0 |
Monique Cenac Director | Trustee | 0.1 | $0 |
Michael Clancy Director | Trustee | 0.1 | $0 |
Monica Edelstein President | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,112 |
| Total Program Service Revenue | $0 |
| Investment income | $142,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$55,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,566 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $144 |
| Total functional expenses | $58,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,941 |
| Savings and temporary cash investments | $223,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,277,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,628,385 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $119,503 |
| Net assets with donor restrictions | $5,508,882 |
| 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 | $5,628,385 |