2026-03-09T18:04:12-05:00 2025-06-30 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2024-07-01 362177133 SAINT XAVIER UNIVERSITY SAIN 7732983000 3700 W 103RD STREET CHICAGO IL 60655 DR KEITH ELDER PRESIDENT 7732983000 2026-03-05 1 0 KURT N WALCUTT P00650229 2177933363 2026-03-05 2024 2025-03-06 01:10:19Z DR KEITH ELDER 3700 W 103RD STREET CHICAGO IL 60655 151163111 0 X WWW.SXU.EDU X 1846 IL EDUCATE MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, AND COMMUNICATE EFFECTIVELY. 11 10 1404 30 645727 0 5451880 7578059 118860572 124779919 5179944 3249268 938332 1116646 130430728 136723892 56502830 60963220 0 0 40275827 40986129 0 0 1134922 24551332 25872092 121329989 127821441 9100739 8902451 164359579 178517710 28573794 29536127 135785785 148981583 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 108143023 60963220 125199534 FOUNDED IN CHICAGO BY THE SISTERS OF MERCY IN 1846, SAINT XAVIER UNIVERSITY IS A DISTINGUISHED, FOUR-YEAR, PRIVATE CATHOLIC INSTITUTION THAT PROVIDES A TRANSFORMATIVE EDUCATIONAL EXPERIENCE TO MORE THAN 3,400 UNDERGRADUATE AND GRADUATE STUDENTS WHO ARE PREPARED TO BECOME COMPASSIONATE LEADERS. CHICAGO'S FIRST CATHOLIC UNIVERSITY AND THE FIRST MERCY INSTITUTION OF HIGHER LEARNING IN THE WORLD, SAINT XAVIER IS STUDENT-CENTERED AND MISSION DRIVEN, CONNECTING STUDENTS TO ACTIVE AND ENGAGED LEARNING AND SERVICE OPPORTUNITIES AND PROVIDING A WELL-ROUNDED CURRICULUM ACCREDITED BY THE HIGHER LEARNING COMMISSION/NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS. SAINT XAVIER OFFERS A VARIETY OF UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AS WELL AS DEGREE COMPLETION PROGRAMS WITHIN ITS COLLEGE OF LIBERAL ARTS AND EDUCATION, SCHOOL OF NURSING AND HEALTH SCIENCES, AND GRAHAM SCHOOL OF MANAGEMENT. SAINT XAVIER IS A 10-TIME COLLEGE OF DISTINCTION, RECOGNIZED 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 2025. SAINT XAVIER'S SCHOOL OF NURSING AND HEALTH SCIENCES CURRENTLY HOLDS THE NO. 2 RANKING FOR "BEST ONLINE GRADUATE NURSING PROGRAM" (U.S. NEWS & WORLD REPORT, 2025) IN THE NATION, AND ITS GRAHAM SCHOOL OF MANAGEMENT, WHICH IS AACSB-ACCREDITED, OFFERS A TOP-RANKED UNDERGRADUATE BUSINESS PROGRAM FOR STUDENTS (U.S. NEWS & WORLD REPORT, 2025).SAINT XAVIER IS A TOP 10 "BEST VALUE SCHOOL" AMONG REGIONAL UNIVERSITIES IN THE MIDWEST AND AMONG THE "BEST COLLEGES FOR VETERANS" (U.S. NEWS & WORLD REPORT, 2025) AND IS ALSO RECOGNIZED BY U.S. NEWS & WORLD REPORT FOR ITS ETHNIC DIVERSITY AND COMMITMENT TO UPWARDS SOCIAL MOBILITY. IN 2024, SAINT XAVIER MARKED THREE YEARS OF ENROLLING THE LARGEST FRESHMAN CLASSES IN THE HISTORY OF THE INSTITUTION. SXU ALSO RANKS FIFTH IN THE GREATER MIDWEST AMONG NOT-FOR-PROFIT INSTITUTIONS FOR ECONOMIC DIVERSITY, WITH A HIGH PERCENTAGE OF UNDERGRADUATE STUDENTS RECEIVING FEDERAL PELL GRANTS. ACCORDING TO COLLEGE NAVIGATOR, SAINT XAVIER IS THE MOST AFFORDABLE CATHOLIC UNIVERSITY IN ILLINOIS. THE INSTITUTION IS COMMITTED TO OPENING DOORS TO BRIGHT FUTURES. 108143023 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 1 0 0 0 0 0 0 0 0 1 4754 0 1404 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 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 KEITH ELDER PRESIDENT 40.00 X X 337628 0 24955 TASHA HENDERON CHAIR 1.00 X 0 0 0 CHARLES NEWMAN VICE CHAIR 1.00 X 0 0 0 NICK URSO TREASURER 1.00 X 0 0 0 KRIS CUMMINGS CPA END 6425 TRUSTEE 1.00 X 0 0 0 MARGARET DEATON TRUSTEE 1.00 X 0 0 0 PATRICIA FARRELL TRUSTEE 1.00 X 0 0 0 NATASHA GRANHOLM END 6425 TRUSTEE 1.00 X 0 0 0 TOM HUTCHINSON TRUSTEE 1.00 X 0 0 0 KATHLEEN KINSELLA TRUSTEE 1.00 X 0 0 0 DR LUIS NUNEZ TRUSTEE 1.00 X 0 0 0 CANDACE RAMIREZ TRUSTEE 1.00 X 0 0 0 MARYANNE STEVENS TRUSTEE 1.00 X 0 0 0 ROBERT WALLETT END 13125 INTERIM CFO 40.00 X 284600 0 0 REBECCA SHERRICK END 22924 INTERIM PRESIDENT 40.00 X 109837 0 242 SAIB OTHMAN END 81625 PROVOST 40.00 X 223141 0 21690 NATALIE PAGE START 5925 ACTING PROVOST & V.P. - SUCCESS & INCLUSION 40.00 X 181024 0 1026 GWENDOLYN GEORGE END 123124 DEAN 40.00 X 224410 0 18881 CHARLENE BERMELE DEAN 40.00 X 165298 0 10547 BRIAN HOTZFIELD V.P. - ENROLLMENT 40.00 X 166580 0 16800 DEBORAH RAPACZ V.P. - MARKETING & COMMUNICATION 40.00 X 159093 0 28916 MARY GAIK CHIEF INFORMATION OFFICER 40.00 X 184036 0 17918 MIKE USHER ASST V.P. ENROLLMENT 40.00 X 157835 0 5854 JOHN GUTOWSKI END 72024 PROFESSOR 40.00 X 251798 0 8952 2445280 0 155781 47 0 1 0 COUNTRY HOUSE RESTAURANT ALSIP INC 5400 W 127TH ST ALSIP IL 60803 DINING SERVICE PROVIDER 2825000 ELLUCIAN LLC 4375 FAIR LAKES COURT FAIRFAX VA 22033 IT ERP PROVIDER 1299238 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 DATA MINING 1169476 SEASON COMFORT CORP 107 WEST 61ST STREET WESTMONT IL 60559 CAPITAL PROJECTS 435805 ASCEND LEARNING HOLDINGS 11161 OVERBROOK ROAD LEAWOOD KS 66211 TEST PROCTORING 391007 33 97292 4888150 2592617 1296413 7578059 TUITION 611310 118359654 118359654 ROOM AND BOARD 611310 5426665 5426665 OTHER PROGRAM 611310 993600 993600 124779919 2728800 2728800 72647 0 72647 72647 72647 14917289 14399571 -2750 517718 2750 520468 520468 21055 97292 42398 -21343 -21343 HEALTH CENTER REVENUE 621400 695639 246332 449307 CONFERENCE REVENUE 611710 188984 188984 ATHLETIC CENTER REVENUE 713940 74751 67315 7436 105968 105968 1065342 136723892 125199534 645727 3300572 60963220 60963220 1432755 129741 1303014 31854362 25597138 5762529 494695 503039 416082 77707 9250 4838942 3833204 921037 84701 2357031 1862033 453924 41074 377298 377298 67380 67380 116355 116355 1463476 574448 852499 36529 1949784 765336 1135781 48667 2436731 417353 2014128 5250 1328943 993882 335061 958196 903739 49450 5007 851102 851102 5203113 3644002 1466236 92875 928484 19924 908560 CONTRACTED SERVICES 6984540 5586073 1146826 251641 BAD DEBT 935704 935704 EQUIPMENT & MAINTENANCE 751936 539548 200473 11915 MEMBERSHIP AND DUES 315811 153699 162112 1203239 892499 257422 53318 127821441 108143023 18543496 1134922 12840003 11965569 24501603 33743341 1681540 1579471 2015887 1706141 370675 192788 651049 625410 180716013 107827811 72387867 72888202 42989598 48645101 59922 20249 6861435 7151438 164359579 178517710 3384237 5838090 794045 1401554 16606506 14667584 7789006 7628899 28573794 29536127 X 110851994 120330308 24933791 28651275 135785785 148981583 164359579 178517710 X 8902451 4357372 -64025 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54670965 3125491 6336029 1908347 62224138 49020196 2912249 6302192 3563672 54670965 37891457 8703865 3808991 1384117 49020196 36444797 8592257 -6555127 590470 37891457 24314240 5307329 7156494 333266 36444797 0.61399 0.17137 0.21464 1 0 1281500 7552112 8833612 130370740 74235786 56134954 40164403 33592025 6572378 1347258 1347258 72888202 CONDITIONAL ASSET RETIREMENT OBLIGATION 6498899 STUDENT DEPOSITS 122250 REFUNDABLE GOVERNMENT LOANS 703179 OPERATING LEASE LIABILITIES 264648 INTEREST RATE SWAP 39923 7628899 X 79980062 4357372 -21627 4335745 75644317 116355 60963220 61079575 136723892 66784264 42398 42398 66741866 116355 60963220 61079575 127821441 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 2021 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP -64,025. FUNDRAISING EXPENSES 42,398. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 60,963,220. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 42,398. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 60,963,220. 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 37440 0 0 0 0 0 0 37440 0 37440 0 0 1 1 0 0 GOLF CLASSIC 103357 89817 13540 5681 8773 14338 8900 FOOTBALL GOLF CLASSIC 2023 14990 7475 7515 3200 1260 246 118347 97292 21055 5681 11973 15598 9146 42398 -21343 1 ENDOWED AND NAMED SCHOLARSHIPS 149 690315 INSTITUTIONAL AWARDS 3135 60272905 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. X 1 1 X X 1 0 0 0 0 0 0 0 0 KEITH ELDER PRESIDENT 307128 0 0 0 30500 0 9132 0 15823 0 362583 0 0 0 ROBERT WALLETT END 13125 INTERIM CFO 245000 0 0 0 39600 0 0 0 0 0 284600 0 0 0 JOHN GUTOWSKI END 72024 PROFESSOR 152705 0 0 0 99093 0 1870 0 7082 0 260750 0 0 0 SAIB OTHMAN END 81625 PROVOST 197916 0 0 0 25225 0 6750 0 14940 0 244831 0 0 0 GWENDOLYN GEORGE END 123124 DEAN 224410 0 0 0 0 0 6316 0 12565 0 243291 0 0 0 MARY GAIK CHIEF INFORMATION OFFICER 182036 0 0 0 2000 0 5504 0 12414 0 201954 0 0 0 DEBORAH RAPACZ V.P. - MARKETING & COMMUNICATION 157093 0 0 0 2000 0 4800 0 24116 0 188009 0 0 0 BRIAN HOTZFIELD V.P. - ENROLLMENT 164580 0 0 0 2000 0 5040 0 11760 0 183380 0 0 0 NATALIE PAGE START 5925 ACTING PROVOST & V.P. - SUCCESS & IN 179024 0 0 0 2000 0 0 0 1026 0 182050 0 0 0 CHARLENE BERMELE DEAN 163298 0 0 0 2000 0 9600 0 947 0 175845 0 0 0 MIKE USHER ASST V.P. ENROLLMENT 155835 0 0 0 2000 0 4721 0 1133 0 163689 0 0 0 PART I, LINE 1A DR KEITH ELDER RECEIVED HOUSING ALLOWANCE OF $30,000 ROBERT WALLETT RECEIVED HOUSING ALLOWANCE OF $39,600 PART I, LINE 4A SAIB OTHMAN - $23,224.52 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 0 B 1 X 1 10023 FMV X 1 1281500 FMV X 3 80 FMV X GIFT CARD 14 4540 FMV X TICKETS 6 270 FMV 1 0 1 0 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 -64,025.