2012-05-14T15:03:08-05:00 2011-06-30 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2010-07-01 362177133 SAINT XAVIER UNIVERSITY SAIN 7732983000 3700 WEST 103RD ST CHICAGO IL 60655 RAYMOND P CATANIA 7732983000 2012-05-11 1 GREGORY S ADAMS 6305738600 2010 2016-02-24 21:20:13Z RAYMOND P CATANIA 3700 WEST 103RD ST CHICAGO IL 60655 106376956 0 X WWW.SXU.EDU X 1846 IL SAINT XAVIER UNIVERSITY (SXU), A CATHOLIC INSTITUTION INSPIRED BY THE HERITAGE OF THE SISTERS OF MERCY OF THE AMERICAS, EDUCATES MEN AND WOMEN TO SEARCH FOR THE TRUTH, TO THINK CRITICALLY, TO COMMUNICATE EFFECTIVELY, AND TO SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 24 23 1886 5 729369 -704471 3398990 6481365 97081604 96564613 -1600706 292791 1636998 1388297 100516886 104727066 21814595 23181104 0 0 45554511 45411674 0 0 1537263 33316291 30248767 100685397 98841545 -168511 5885521 136202077 138249242 77556885 71640749 58645192 66608493 X SAINT XAVIER UNIVERSITY (SXU), A CATHOLIC INSTITUTION INSPIRED BY THE HERITAGE OF THE SISTERS OF MERCY OF THE AMERICAS, EDUCATES MEN AND WOMEN TO SEARCH FOR THE TRUTH, TO THINK CRITICALLY, TO COMMUNICATE EFFECTIVELY, AND TO SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 0 0 69234426 23181104 86835795 SAINT XAVIER UNIVERSITY IS AN INDEPENDENT, CATHOLIC, COMPREHENSIVE UNIVERSITY OFFERING BACHELOR'S AND MASTER'S DEGREES TO A DIVERSE POPULATION OF OVER 4,800 STUDENTS. SXU OFFERS GRADUATE AND UNDERGRADUATE PROGRAMS IN BUSINESS ADMINISTRATION, LIBERAL AND SCIENCES, NURSING AND EDUCATION. BASED ON FALL SEMESTER STATISTICS, FULL-TIME EQUIVALENT STUDENTS ("FTES") ENROLLED IN THE UNIVERSITY DURING THE 2011 FISCAL YEAR AT THE UNDERGRADUATE LEVEL WERE 2,544 AND AT THE GRADUATE LEVEL WAS 1,716. ADDITIONALLY, DURING THE 2011 FISCAL YEAR, THE UNIVERSITY'S FACULTY CONSISTED OF 192 FULL-TIME EMPLOYEES AND 252 PART-TIME AND ADJUNCT FACULTY MEMBERS. SAINT XAVIER UNIVERSITY'S FULL-TIME UNDERGRADUATE ENROLLMENT RANGED FROM 2300 TO 2590 BETWEEN 2004-2010, AND EIGHT NEW FACILITIES WERE ADDED OVER THE LAST TEN YEARS. WITH 39 UNDERGRADUATE DEGREE PROGRAMS AND OVER 40 GRADUATE PROGRAM OPTIONS IN THE COLLEGE OF ARTS AND SCIENCES, THE SCHOOL OF EDUCATION, THE SCHOOL OF NURSING, THE GRAHAM SCHOOL OF MANAGEMENT, AND THE SCHOOL FOR CONTINUING AND PROFESSIONAL STUDIES, SAINT XAVIER OFFERS A FIRM FOUNDATION IN THE LIBERAL ARTS ALONG WITH SOLID CAREER PREPARATION. SAINT XAVIER CONTINUES TO RANK AS ONE OF THE TOP 40 COMPREHENSIVE MASTER'S UNIVERSITIES IN THE MIDWEST BY US NEWS & WORLD REPORT'S AMERICA'S BEST COLLEGES. 69234426 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 186 0 1 1886 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X SAINT XAVIER UNIVERSITY 7732983000 3700 WEST 103RD ST CHICAGO IL 60655 JOSEPH A BALASA 1.00 X 0 0 0 SISTER GILMARY BAUERRSM 1.00 X 0 0 0 JOHN J BENISH JR 1.00 X 0 0 0 SISTER MARY ANN BERGFELD RSM 1.00 X 0 0 0 BARBARA J BRADEN 1.00 X 0 0 0 REVEREND JOHN F CANARY 1.00 X 0 0 0 THOMAS E CHOMICZ 1.00 X 0 0 0 JOHN T COSTELLO 1.00 X X 0 0 0 DANIEL K CURLEY 1.00 X 0 0 0 JOHN R DELEONARDIS 1.00 X 0 0 0 TERRENCE A DUFFY 1.00 X 0 0 0 MICHAEL K FORDE 1.00 X 0 0 0 JUDITH E HICKS 1.00 X 0 0 0 SISTER NANCY J HOULIHAN RSM 1.00 X 0 0 0 WILLIAM KEYSER 1.00 X 0 0 0 SISTER MARGARET MARY KNITTEL RSM 1.00 X 0 0 0 EDMOND F OPLER 1.00 X 0 0 0 SISTER GEORGINE SCARPINO RSM 1.00 X X 0 0 0 BRIAN O SHANNON JR 1.00 X 0 0 0 PETER M SHANNON III 1.00 X 0 0 0 CHRISTINE M WISEMAN 40.00 X X 240646 0 22322 RAYMOND L KRATZER 1.00 X 0 0 0 MARY MACLAREN 1.00 X 0 0 0 ANGELA DURANTE 40.00 X 179353 0 16444 SISTER SUSAN SANDERS 40.00 X 0 0 12714 RAYMOND CATANIA 40.00 X 130026 0 7814 FATHER FRANCIS TEBBE 40.00 X 0 0 8128 JOHN EBER 40.00 X 118517 0 11202 STEVE MURPHY 40.00 X 148888 0 22377 ROBERT TENCZAR 40.00 X 132488 0 18342 JOHN PELRINE 40.00 X 121651 0 5915 KATHLEEN CARLSON 40.00 X 121375 0 13389 JAMES BRODZINSKI 40.00 X 148618 0 22094 SARAH GULLEY 40.00 X 146521 0 22602 KATHLEEN ALAIMO 40.00 X 135858 0 6461 DALE FAST 40.00 X 121590 0 13575 GLORIA JACOBSON 40.00 X 145429 0 22580 JUDITH DWYER 40.00 X 0 0 0 SUSAN PIROS 40.00 X 0 0 0 668542 0 78624 13 0 1 0 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 3620675 PEARSON PO BOX 409479 ATLANTA GA 30384 PUBLISHING SERVICES 962106 DELTAK EDU INC 1415 W 22ND STREET OAK BROOK IL 60523 ONLINE EDUCATION SERVICES 697897 COMPUTER DISCOUNT WAREHOUSE 120 S RIVERSIDE CHICAGO IL 60606 IT SERVICES 605088 DLA PIPER LLP (US) 203 N LASALLE ST SUITE 1900 CHICAGO IL 60601 LEGAL SERVICES 524105 21 355875 2296314 3829176 5484 6481365 TUITION 611310 86161129 86161129 ROOM AND BOARD 611310 7949591 7949591 BOOKSTORE REVENUE 611310 1779227 1779227 WORKSHOP REVENUE 611310 181044 181044 493622 493622 96564613 252327 252327 315919 315919 315919 315919 1543478 1503014 40464 40464 40464 146876 355875 146876 0 RESTAURANT FOOD SALES 722210 566380 566380 PARKING FEE REVENUE 611600 343009 343009 HEALTH CENTER REVENUE 621400 162989 162989 1072378 104727066 86835795 729369 10680537 23181104 23181104 2524395 1671428 711163 141804 34140935 26070567 7350316 720052 1098068 830829 241428 25811 5117353 3871929 1125135 120289 2530923 1914966 556465 59492 468023 468023 153000 1500 151500 125028 125028 8049397 6562293 1289207 197897 981400 9473 970822 1105 1937411 1330357 529890 77164 706971 387283 318243 1445 3058099 983135 2062500 12464 107703 86221 13259 8223 831599 757969 56887 16743 3273497 3273497 5731176 5731176 701716 701716 TUITION WAIVERS 1276465 1276465 PRODUCT COSTS 1151911 1151911 BAD DEBT 893072 893072 STUDENT EVENTS 418216 258515 7631 152070 DUES AND FEES 273539 164946 105889 2704 110544 110544 98841545 69234426 28069856 1537263 814065 5365054 2876723 2216689 1315302 1341149 3788842 3567258 3029802 3042887 479452 806077 2764479 3130368 170631896 59338243 114122955 111293653 5614838 5623596 324509 595598 1071110 1266913 136202077 138249242 7387100 6584824 3010952 2473336 53860000 50000000 180936 61473 5000000 5000000 8117897 7521116 77556885 71640749 X 50864957 56830384 172338 1845688 7607897 7932421 58645192 66608493 136202077 138249242 X 5885521 2077780 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 125028 0 0 125028 0 X 1 21.40 1 0 7543156 283892 1421543 134509 465536 8648546 9680208 119676 1232014 149093 3323743 15906 7543156 12482378 200402 -2486957 103356 412259 9680208 0.08000 0.92000 0.00000 0 0 15016273 15016273 121129617 33178307 87951310 33483776 26159936 7323840 1002230 1002230 111293653 CONDITIONAL ASSET RETIREMENT OBLIGATION 3288506 STUDENT DEPOSITS 167850 INTEREST RATE SWAP 797601 REFUNDABLE GOVERNMENT LOANS 3267159 7521116 104727066 98841545 5885521 1191059 886721 2077780 7963301 83623742 1191059 886721 2077780 81545962 23181104 23181104 104727066 75660441 0 75660441 23181104 23181104 98841545 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO FACILITATE DONORS' DESIRES TO MAKE SUBSTANTIAL LONG-TERM GIFTS TO THE COMMUNITY AND TO DEVELOP A NEW AND SIGNIFICANT SOURCE OF REVENUE FOR THE UNIVERSITY. IN SO DOING, THE ENDOWMENT FUND WILL PROVIDE A SECURE, LONG-TERM SOURCE OF FUNDS TO 1) STABILIZE AGENCY FUNDING DURING PERIODS OF BELOW NORMAL ANNUAL CAMPAIGNS, 2) FUND SPECIAL GRANTS 3) ENSURE LONG-TERM GROWTH 4) ENHANCE OUR ABILITY TO MEET CHANGING COMMUNITY NEEDS IN BOTH THE SHORT AND LONG-TERM, AND, 5) SUPPORT THE ADMINISTRATIVE EXPENSES OF THE UNIVERSITY AS DEEMED APPROPRIATE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY DETERMINED THAT IS WAS NOT REQUIRED TO RECORD A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011. THE FEDERAL AND STATETAX RETURNS OF THE UNIVERSITY FOR 2007, 2008 AND 2009 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: INCREASE IN FAIR VALUE OF INTEREST RATE SWAP 886,721. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN INTEREST RATE SWAP FAIR VALUE 886,721. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 23,181,104. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 23,181,104. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SXU PUBLISHES THEIR RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE AT WWW.SXU.EDU. THE UNIVERSITY SEEKS STUDENTS OF DIVERSE TALENTS, EXPERIENCES, KNOWLEDGE, INTERESTS, AND CULTURES WHO ARE WILLING TO LEARN, AND TO SEEK EXCELLENCE IN THEMSELVES AND OTHERS. ONE OF THE CORE VALUES OF THE UNIVERSITY IS DIVERSITY. DIVERSITY BUILDS A COMMUNITY THAT FOSTERS A CLIMATE THAT IS OPEN AND WELCOMING TO DIVERSE PEOPLE, IDEAS, AND PERSPECTIVES, THAT PROMOTES A CONSTRUCTIVE DISCOURSE ON THE NATURE OF DIVERSITY, AND THAT ENGAGES FACULTY, STAFF AND STUDENTS IN ACTIVITIES THAT PROMOTE THE UNIVERSITY'S CORE VALUES. SXU ADMITS QUALIFIED STUDENTS WITHOUT REGARD TO RACE, RELIGION, AGE, SEX, NATIONAL OR ETHNIC ORIGIN. THE UNIVERSITY DOES NOT DISCRIMINATE AGAINST HANDICAPPED PERSONS WHO ARE OTHERWISE QUALIFIED TO PARTICIPATE IN THE INTELLECTUAL AND SOCIAL LIFE OF THE UNIVERSITY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 U.S. DEPARTMENT OF EDUCATION $1,531,837 U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES $411,339 ANNUAL DINNER 377343 252455 124888 124888 GOLF OUTING 125408 103420 21988 21988 502751 355875 146876 146876 146876 0 1 INSTITUTIONAL AWARDS 3017 22868979 ENDOWED AND NAMED SCHOLARSHIPS 75 312125 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. THE ORGANIZATION SERVICES IN ORDER TO HELP STUDENTS FINANCE THEIR EDUCATION. RECIPIENTS ARE DETERMINED BY ACADEMIC MERIT, AS WELL AS FEDERAL, STATE AND INSTITUTIONAL GUIDELINES. FINANCIAL AID AND SCHOLARSHIPS ARE APPLIED TOWARD TUITION CHARGES ONLY AND RECIPIENTS MUST MAINTAIN CERTAIN ELIGIBLITY REQUIREMENTS TO RECEIVE THEM. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE M WISEMAN 240646 0 0 0 0 0 11375 0 10947 0 262968 0 60667 0 ANGELA DURANTE 179353 0 0 0 0 0 7426 0 9018 0 195797 0 92700 0 ILLINOIS FINANCE AUTHORITY SERIES 2008 BONDS 861091967 45200FLH0 2008-06-25 25000000 RESIDENCE HALL CONSTRUCTION 0 0 0 ILLINOIS FINANCE AUTHORITY SERIES 2006 BONDS 861091967 45200BYZ5 2006-06-08 10000000 RESIDENCE HALL CONSTRUCTION 0 0 0 6580000 25000000 25000000 2009 0 0 1 1 1710000 10000000 10000000 2007 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 1 BANK OF AMERICA 3.000000000000 0 0 0 0 0 SEE SCHEDULE O N/A 169403 SCHLRSHP X 6 5484 COST BASIS TOTALS 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY'S MANAGEMENT REVIEWS THE FORM 990 IN DETAIL WITH THEIR PAID TAX PREPARERS. THE FORM 990 IS THEN PRESENTED TO THE AUDIT COMMITTEE, A SUBCOMMITTEE OF THE ORGANIZATION'S GOVERNING BODY, FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. 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 QUESTIONAIRE 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 QUESTIONAIRRES 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 THE UNIVERSITY'S INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS UTILIZES COMPARABILITY DATA FROM COMPENSATION SURVEYS AND STUDIES TO DETERMINE, EVALUATE AND ADJUST THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PRESIDENT, ON AN ANNUAL BASIS. THE FINAL COMPENSATION PACKAGE IS SUBJECT TO THE FULL EXECUTIVE COMMITTEE'S REVIEW AND APPROVAL AND IS DOCUMENTED IN A WRITTEN EMPLOYEE CONTRACT. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION PACKAGE ARE DOCUMENTED IN THE MINUTES OF THE MEETING. PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION OF THE UNIVERSITY'S OTHER OFFICERS IS DETERMINED, EVALUATED AND REVIEWED BY UNIVERSITY PRESIDENT AND SUBSEQUENTLY APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE PRESIDENT UTILIZES COMPARABILITY DATA FROM COMPENSATION SURVEYS AS A BASIS FOR THIS DETERMINATION. THE FINAL COMPENSATION PACKAGES OF THE UNIVERSITY'S OTHER OFFICERS IS DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION PACKAGES ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FACULTY COMPENSATION IS BASED ON COLLECTIVE BARGAINING AGREEMENT WHICH IS RENEWED EVERY THREE YEARS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,191,059. INCREASE IN FAIR VALUE OF INTEREST RATE SWAP 886,721. TOTAL TO FORM 990, PART XI, LINE 5: 2,077,780. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THIS POLICY HAS NOT CHANGED FROM PRIOR YEARS. GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS SCHEDULE L PART III PURSUANT TO IRS FAQS ISSUED IN NOVEMBER 2009 FOR SCHEDULE L, GRANTS OR ASSISTANCE PROVIDED TO INTERESTED PERSONS OR THEIR FAMILY MEMBERS FOR TRAVEL, STUDY, OR OTHER SIMILAR PURPOSES ARE REPORTED IN PART III OF SCHEDULE L. RECOGNIZING PRIVACY ISSUES, THE TYPES OF REPORTING REQUIRED IN PART III FOR COLLEGES AND UNIVERSITIES IS LIMITED. THE SCHOOL IS NOT REQUIRED TO IDENTIFY INDIVIDUALS TO WHOM IT PROVIDED SUCH ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE (E.G., NEED-BASED, MERIT DISCOUNTED TUITION, ETC.) THEREFORE, COLUMNS (A) AND (B) WERE INTENTIONALLY LEFT BLANK.