2025-02-18T09:06:33-06:00 2024-06-30 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2023-07-01 362177133 SAINT XAVIER UNIVERSITY SAIN 7732983000 3700 W 103RD STREET CHICAGO IL 60655 DR KEITH ELDER PRESIDENT 7732983000 2025-02-12 1 0 JILL M BOYLE CPA P01246734 2177933363 2025-02-12 2023 2025-03-06 01:10:19Z DR KEITH ELDER 3700 W 103RD STREET CHICAGO IL 60655 175784851 0 X WWW.SXU.EDU X 1846 IL EDUCATE MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, AND COMMUNICATE EFFECTIVELY. 13 12 1452 30 548297 0 9079076 5451880 114894927 118860572 1951243 5179944 776696 938332 126701942 130430728 53462630 56502830 0 0 39897210 40275827 0 0 870907 23989478 24551332 117349318 121329989 9352624 9100739 156423064 164359579 31456646 28573794 124966418 135785785 X SAINT XAVIER UNIVERSITY, A CATHOLIC INSTITUTION INSPIRED BY THE HERITAGE OF THE SISTERS OF MERCY, EDUCATES PERSONS TO SEARCH FOR TRUTH, THINK CRITICALLY, COMMUNICATE EFFECTIVELY AND SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 0 0 103448294 56502830 119224276 FOUNDED BY THE SISTERS OF MERCY IN 1846, SAINT XAVIER UNIVERSITY IS A DISTINGUISHED, FOUR-YEAR, PRIVATE CATHOLIC INSTITUTION THAT OPENS DOORS TO BRIGHT FUTURES. 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 2024-2025 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 2024-2025 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 GOLD SCHOOL BY MILITARY FRIENDLY IN 2024. 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. 3 RANKING FOR ""BEST ONLINE GRADUATE NURSING PROGRAM"" (U.S. NEWS & WORLD REPORT, 2024), AND ITS GRAHAM SCHOOL OF MANAGEMENT, WHICH IS AACSB-ACCREDITED, OFFERS A TOP-RANKED UNDERGRADUATE BUSINESS PROGRAM FOR STUDENTS (U.S. NEWS & WORLD REPORT, 2024). 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, 2024), SAINT XAVIER IS ALSO RECOGNIZED BY U.S. NEWS & WORLD REPORT FOR RACIAL AND ETHNIC DIVERSITY.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. IN 2023, SAINT XAVIER WELCOMED ITS LARGEST FRESHMAN CLASS IN THE HISTORY OF THE INSTITUTION.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, 2024). 103448294 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4848 0 1452 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JILL WISCH 7732983026 3700 W 103RD STREET CHICAGO IL 60655 DR KEITH ELDER START 030124 PRESIDENT 40.00 X X 0 0 0 DR LAURIE JOYNER END 070723 PRESIDENT 40.00 X X 238595 0 39196 REBECCA SHERRICK END 022924 INTERIM PRESIDENT 40.00 X X 184282 0 581 TASHA HENDERSON CHAIR 1.00 X 0 0 0 CHUCK NEWMAN VICE CHAIR 1.00 X 0 0 0 AVIS CLENDENEN END 030124 TRUSTEE 1.00 X 0 0 0 KRISTINA CUMMINGS CPA TRUSTEE 1.00 X 0 0 0 NATASHA GRANHOLM CPA TRUSTEE 1.00 X 0 0 0 TOM HUTCHINSON TRUSTEE 1.00 X 0 0 0 DR LUIS NUNEZ TRUSTEE 1.00 X 0 0 0 NICK URSO TRUSTEE 1.00 X 0 0 0 MARGARET DEATON TRUSTEE 1.00 X 0 0 0 KATHLEEN KINSELLA TRUSTEE 1.00 X 0 0 0 MARYANNE STEVENS TRUSTEE 1.00 X 0 0 0 PATRICIA FARRELL TRUSTEE 1.00 X 0 0 0 CANDANCE RAMIREZ TRUSTEE 1.00 X 0 0 0 DANIEL KLOTZBACH END 082523 CHIEF FINANCIAL OFFICER 40.00 X 173998 0 17827 ROBERT WALLETT START 080723 INTERIM CHIEF FINANCIAL OFFICER 40.00 X 114394 0 0 SAIB OTHMAN PROVOST 40.00 X 215291 0 34297 GWENDOLYN GEORGE DEAN 40.00 X 201769 0 16870 BRIAN HOTZFIELD VICE PRESIDENT 40.00 X 155473 0 16058 DEBORAH RAPACZ VICE PRESIDENT 40.00 X 139789 0 18962 MARY GAIK CHIEF INFORMATION OFFICER 40.00 X 164306 0 16606 GINA ROSSETTI INTERIM DEAN 40.00 X 128898 0 18928 ERIN MUELLER END 030724 CHIEF OF STAFF 40.00 X 133979 0 5880 1850774 0 185205 50 0 1 0 COUNTRY HOUSE RESTAURANT ALSIP INC 5400 W 127TH ST ALSIP IL 60803 DINING SERVICE PROVIDER 2743655 HENRY BROTHERS CO 9821 SOUTH 78TH AVENUE HICKORY HILLS IL 60457 CAPITAL PROJECTS 2468942 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 DATA MINING 1038716 FIELDTURF USA INC 175 N INDUSTRIAL BLVD NE CALHOUN GA 30701 CAPITAL PROJECTS 1011256 ELLUCIAN LLC 4375 FAIR LAKES COURT FAIRFAX VA 22033 IT ERP PROVIDER 868053 41 111482 4357723 982675 6957 5451880 TUITION 611310 112450560 112450560 ROOM AND BOARD 611310 5486008 5486008 OTHER PROGRAM 611310 924004 924004 118860572 2553758 2553758 53701 0 53701 53701 53701 47933564 45306087 1291 2627477 -1291 2626186 2626186 19375 111482 46745 -27370 -27370 HEALTH CENTER REVENUE 621400 670358 268092 402266 CONFERENCE REVENUE 611710 142455 142455 ATHLETIC CENTER REVENUE 713940 61895 58319 3576 37293 37293 912001 130430728 119224276 548297 5206275 56502830 56502830 1285831 222663 1063168 31264108 25081270 5868311 314527 537147 429865 100684 6598 4881114 3814874 1008341 57899 2307627 1788992 491565 27070 494904 494904 63223 63223 86529 86529 1308814 30278 1250172 28364 1986231 1311134 661089 14008 2257604 480121 1777483 1375888 1168268 207620 935577 870877 61075 3625 759771 759771 4800823 3768459 985489 46875 903615 16858 886757 CONTRACTED SERVICES 6935298 5565325 1017613 352360 EQUIPMENT & MAINTENANCE 656172 517054 133258 5860 BAD DEBT 549918 0 549918 UNIFORMS 317337 312755 4464 118 1119628 806900 299125 13603 121329989 103448294 17010788 870907 26202638 12840003 11593391 24501603 1572758 1681540 1430144 2015887 470037 370675 680076 651049 175560973 103173106 71122779 72387867 36944170 42989598 93926 59922 6313145 6861435 156423064 164359579 4490149 3384237 880913 794045 18545429 16606506 7540155 7789006 31456646 28573794 X 102451276 110851994 22515142 24933791 124966418 135785785 156423064 164359579 X 9100739 2253892 -535264 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49020196 2912249 6302192 3563672 54670965 37891457 8703865 3808991 1384117 49020196 36444797 8592257 -6555127 590470 37891457 24314240 5307329 7156494 333266 36444797 18586995 5611577 422642 306974 24314240 0.59870 0.19010 0.21120 1 0 7552112 7552112 128311142 70641510 57669632 39098848 32531596 6567252 598871 598871 72387867 CONDITIONAL ASSET RETIREMENT OBLIGATION 6413086 STUDENT DEPOSITS 119600 REFUNDABLE GOVERNMENT LOANS 894331 OPERATING LEASE LIABILITIES 361989 7789006 X 75606742 2253892 -488519 1765373 73841369 86529 56502830 56589359 130430728 64787375 46745 46745 64740630 86529 56502830 56589359 121329989 PART V, LINE 4: THE MAJORITY IS DIRECTED TO SCHOLARSHIPS WHILE OTHER AMOUNTS SUPPORT MERCY MISSION AND MINISTRY, SERVICE TRIPS AND OPERATIONAL NEEDS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS OF THE STATE TAX CODE. THE UNIVERSITY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE UNIVERSITY FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES AND HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S RETURN FOR TAX YEARS 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP -291,336. FUNDRAISING EXPENSES 46,745. ASSET IMPAIRMENT LOSS -243,928. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 56,502,830. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 46,745. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 56,502,830. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SXU PUBLISHES THEIR RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE AT WWW.SXU.EDU (STATEMENT OF DIVERSITY AND INCLUSION). SAINT XAVIER UNIVERSITY ALSO INCLUDES A NONDISCRIMINATORY POLICY ON PRINTED ADMISSION PIECES AND PROGRAM SHEETS. SCHEDULE E, PART I, LINE 6 RECEIVED GRANTS FROM U.S. DEPARTMENT OF EDUCATION, ILLINOIS BOARD OF HIGHER EDUCATION, ILLINOIS STATE BOARD OF EDUCATION, ILLINOIS DEPARTMENT OF COMMERCE & ECONOMIC OPPORTUNITY, AND NATIONAL SCIENCE FOUNDATION. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 59922 0 0 0 0 0 0 59922 0 59922 0 0 1 1 0 0 GOLF CLASSIC 113522 104172 9350 750 4878 8280 14304 1800 10877 FOOTBALL GOLF CLASSIC 2023 17335 7310 10025 4000 1722 134 130857 111482 19375 750 4878 12280 16026 1800 11011 46745 -27370 1 ENDOWED AND NAMED SCHOLARSHIPS 129 536710 INSTITUTIONAL AWARDS 2972 55966120 PART I, LINE 2: THE UNIVERSITY'S OFFICE OF FINANCIAL AID ADMINISTERS A WIDE VARIETY OF FEDERAL, STATE, INSTITUTIONAL AND PRIVATE FINANCIAL ASSISTANCE PROGRAMS. ITS MAJOR OBJECTIVE IS THE EQUITABLE DISTRIBUTION OF FINANCIAL AID TO ALL STUDENTS WITH AN ULTIMATE GOAL OF HELPING THEM FINANCE THEIR EDUCATION. RECIPIENTS ARE DETERMINED BY ACADEMIC MERIT AS WELL AS FEDERAL, STATE AND INSTITUTIONAL GUIDELINES AND RECIPIENTS MUST MAINTAIN CERTAIN ELIGIBILITY REQUIREMENTS TO RECEIVE FINANCIAL AID AND SCHOLARSHIPS. SAINT XAVIER UNIVERSITY WAS AWARDED FUNDS FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF). THE FUNDS WERE USED TO PROVIDE DIRECT PAYMENTS TO STUDENTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 DR LAURIE JOYNER END 070723 PRESIDENT 238595 0 0 0 0 0 25543 0 13653 0 277791 0 0 0 SAIB OTHMAN PROVOST 215291 0 0 0 0 0 6750 0 27547 0 249588 0 0 0 GWENDOLYN GEORGE DEAN 201769 0 0 0 0 0 5879 0 10991 0 218639 0 0 0 DANIEL KLOTZBACH END 082523 CHIEF FINANCIAL OFFICER 173998 0 0 0 0 0 4840 0 12987 0 191825 0 0 0 REBECCA SHERRICK END 022924 INTERIM PRESIDENT 184282 0 0 0 0 0 0 0 581 0 184863 0 0 0 MARY GAIK CHIEF INFORMATION OFFICER 164306 0 0 0 0 0 4670 0 11936 0 180912 0 0 0 BRIAN HOTZFIELD VICE PRESIDENT 155473 0 0 0 0 0 4770 0 11288 0 171531 0 0 0 DEBORAH RAPACZ VICE PRESIDENT 139789 0 0 0 0 0 4246 0 14716 0 158751 0 0 0 PART I, LINE 1A DR KEITH ELDER RECEIVED HOUSING ALLOWANCE OF $30,000 A ILLINOIS FINANCE AUTHORITY SERIES 2008 BONDS 861091967 45200FLH0 2008-06-25 25000000 RESIDENCE HALL CONSTRUCTION 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2006 BONDS 861091967 45200BYZ5 2006-06-08 10000000 RESIDENCE HALL CONSTRUCTION 0 0 0 A 25000000 25158841 103000 24200166 2009 0 0 1 1 B 3375000 10109729 200000 205000 9488389 2007 0 0 1 1 A 0 0 0 0 0 1 0.08510 1 1 B 0 0 0 0 0 1 0.04400 1 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 4 VOTED TO INCREASE THE NUMBER OF TRUSTEES & CHANGED WHEN A NEW TRUSTEE COULD JOIN THE BOARD FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WERE DISTRIBUTED TO THE AUDIT COMMITTEE IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WERE NOTED AND ADDRESSED, AND MANAGEMENT STAFF ENSURED THAT CHANGES WERE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. COPIES OF THE DRAFT FORM 990 WERE ALSO DISTRIBUTED TO THE BOARD OF TRUSTEES IN ELECTRONIC FORM FOR REVIEW AND APPROVAL. THE FORM 990 WILL BE FILED ONCE A MOTION TO APPROVE HAS BEEN PASSED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. THESE INDIVIDUALS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED ON AN ANNUAL BASIS BY ALL INTERESTED PERSONS. COMPLETED CONFLICT OF INTEREST QUESTIONNAIRES WILL BE REVIEWED BY THE ORGANIZATION'S COMPLIANCE OFFICER (OR CHAIRMAN). IF IT IS DETERMINED AN ACTUAL CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH A CONFLICT WILL BE EXCUSED FROM ANY DISCUSSION OR VOTE ON THE MATTER FOR WHICH THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 IN 2024 (THE MOST RECENT PRESIDENTIAL SEARCH), THE UNIVERSITY'S BOARD OF TRUSTEES USED AN OUTSIDE CONSULTING FIRM (AGB) AS ADVISORS. THE PRESIDENT'S SALARY AND BENEFITS WERE SET IN CONSULTATION WITH AGB. AFTER THE SEARCH THE BOARD AUTHORIZED ITS CHAIRMAN TO NEGOTIATE THE CONTRACT WITH THE CHOSEN CANDIDATE. THE UNIVERSITY WAS ADVISED BY AGB THAT THE CONTRACT TERMS WERE AT MARKET. THE FINAL CONTRACT WAS APPROVED BY THE BOARD. FOLLOWING BOARD APPROVAL THE CHAIRMAN EXECUTED THE CONTRACT ON BEHALF OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15B: THE PRESIDENT, IN CONSULTATION WITH THE OFFICE OF HUMAN RESOURCES, SETS COMPENSATION FOLLOWING A REVIEW OF (A) COMPARABLE COMPENSATION DATA FROM SIMILIARLY SITUATED COLLEGES AND UNIVERSITIES; (B) IN RELATION TO THE NATURE AND SCOPE OF THE DUTIES ASSIGNED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP -291,336. IMPAIRMENT LOSS -243,928.