Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $64,850

• 1e · Government grants (contributions)

  $3,099,741

• 1f · All other contributions, gifts and grants

  $92,641,492

• 1g · Noncash contributions included above

  $3,367,923

• 2a · Program service revenue: TUITION AND FEES

  total $238,888,430 · related or exempt $238,888,430

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $51,569,192 · related or exempt $50,804,387 · unrelated business $764,805

• 2c · Program service revenue: EDUCATIONAL ACTIVITIES

  total $2,813,793 · related or exempt $2,813,793

• 3 · Investment income

  total $7,343,544 · unrelated business -$235,770 · excluded $7,579,314

• 7a · Gross sales of assets other than inventory

  securities $242,313,721

• 7b · Less cost or other basis and sales expenses

  securities $228,081,884

• 7c · Gain or loss

  securities $14,231,837

• 7d · Net gain or loss

  total $14,231,837 · excluded $14,231,837

• 8a · Fundraising events: gross income

  $44,732

• 8a · Fundraising events: contributions included on line 1c

  $64,850

• 8b · Fundraising events: direct expenses

  $80,196

• 8c · Net income from fundraising events

  total -$35,464 · excluded -$35,464

• 9a · Gaming: gross income

  $64,569

• 9b · Gaming: direct expenses

  $32,284

• 9c · Net income from gaming

  total $32,285 · excluded $32,285

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $66,862 · program services $66,862

• 2 · Grants to domestic individuals

  total $123,360,186 · program services $123,360,186

• 5 · Compensation of officers, directors and key employees

  total $3,311,341 · program services $2,985,472 · management and general $221,198 · fundraising $104,671

• 6 · Compensation of disqualified persons

  total $670,587 · program services $604,595 · management and general $44,795 · fundraising $21,197

• 7 · Other salaries and wages

  total $84,067,083 · program services $75,794,041 · management and general $5,615,681 · fundraising $2,657,361

• 8 · Pension plan contributions

  total $7,983,737 · program services $7,198,057 · management and general $533,314 · fundraising $252,366

• 9 · Other employee benefits

  total $12,885,165 · program services $11,617,136 · management and general $860,729 · fundraising $407,300

• 10 · Payroll taxes

  total $6,346,355 · program services $5,721,810 · management and general $423,937 · fundraising $200,608

• 11b · Fees: legal

  total $158,804 · program services $39,701 · management and general $119,103

• 11c · Fees: accounting

  total $291,348 · program services $72,835 · management and general $218,513

• 11d · Fees: lobbying

  total $101,500 · program services $101,500

• 11f · Fees: investment management

  total $886,768 · program services $221,692 · management and general $665,076

• 11g · Fees: other

  total $10,963,420 · program services $9,976,712 · management and general $657,805 · fundraising $328,903

• 12 · Advertising and promotion

  total $1,657,861 · program services $1,442,897 · management and general $146,013 · fundraising $68,951

• 13 · Office expenses

  total $9,663,207 · program services $8,716,973 · management and general $642,113 · fundraising $304,121

• 16 · Occupancy

  total $3,996,721 · program services $3,735,790 · management and general $174,328 · fundraising $86,603

• 17 · Travel

  total $8,142,264 · program services $8,028,544 · management and general $77,211 · fundraising $36,509

• 19 · Conferences, conventions and meetings

  total $2,846,000 · program services $2,600,366 · management and general $166,837 · fundraising $78,797

• 20 · Interest

  total $6,072,467 · program services $4,554,350 · management and general $1,518,117

• 22 · Depreciation, depletion and amortization

  total $20,573,305 · program services $15,429,979 · management and general $5,143,326

• 23 · Insurance

  total $2,443,594 · program services $2,255,950 · management and general $125,105 · fundraising $62,539

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $12,897,203 · program services $11,973,414 · management and general $615,859 · fundraising $307,930

• 24b · Other expenses: AUXILIARY COST OF SALES

  total $9,917,737 · program services $5,950,642 · management and general $3,967,095

• 24c · Other expenses: LIBRARY

  total $1,018,980 · program services $1,018,980

• 24d · Other expenses: SGA

  total $961,506 · program services $961,506

• 24e · All other expenses

  total $10,634,898 · program services $9,667,630 · management and general $644,845 · fundraising $322,423

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,682,717 · end of year $28,078,046

• 2 · Savings and temporary cash investments

  beginning of year $16,584,418 · end of year $30,596,594

• 3 · Pledges and grants receivable

  beginning of year $45,255,300 · end of year $99,023,032

• 4 · Accounts receivable

  beginning of year $2,841,417 · end of year $4,266,690

• 7 · Other notes and loans receivable

  beginning of year $1,138,659 · end of year $1,003,887

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,517,362 · end of year $10,110,189

• 10a · Land, buildings and equipment: cost or other basis

  $567,805,421

• 10b · Land, buildings and equipment: accumulated depreciation

  $285,923,802

• 10c · Land, buildings and equipment, net

  beginning of year $290,835,817 · end of year $281,881,619

• 12 · Investments: other securities

  beginning of year $327,736,872 · end of year $338,206,187

• 15 · Other assets

  beginning of year $2,523,314 · end of year $3,520,833

• 17 · Accounts payable and accrued expenses

  beginning of year $24,605,698 · end of year $28,817,258

• 19 · Deferred revenue

  beginning of year $12,173,695 · end of year $11,453,588

• 20 · Tax-exempt bond liabilities

  beginning of year $172,570,143 · end of year $164,178,876

• 25 · Other liabilities

  beginning of year $7,638,968 · end of year $5,815,521

• 27 · Net assets without donor restrictions

  beginning of year $198,272,833 · end of year $206,419,834

• 28 · Net assets with donor restrictions

  beginning of year $291,854,539 · end of year $380,002,000

The filer's explanations (Part III)

PART I, LINE 1A:

CHARTER TRAVEL ARRANGEMENTS ARE USED ON A LIMITED BASIS FOR CERTAIN ATHLETIC TEAM TRAVEL AND REDUCE MISSED CLASS TIME BY STUDENT ATHLETES. CHARTER TRAVEL ARRANGEMENTS ARE ALSO USED ON A LIMITED BASIS FOR ATHLETIC RECRUITING PURPOSES WHEN COMMERCIAL TRAVEL OPTIONS ARE NOT EFFICIENT. ONE OFFICER, ONE KEY EMPLOYEE, AND ONE HIGHEST COMPENSATED EMPLOYEES RECEIVED THIS BENEFIT DURING THE YEAR, WHICH WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION. GROSS-UP PAYMENTS ARE USED TO COVER ANY APPLICABLE TAXES FOR EMPLOYEES WHO RECEIVE CLUB DUES BENEFITS. ONE OFFICER, ONE KEY EMPLOYEE, AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED THIS BENEFIT DURING THE YEAR, WHICH WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION. THE PRESIDENT OF THE UNIVERSITY LIVES IN CAMPUS HOUSING FOR THE CONVENIENCE OF THE UNIVERSITY. THE HOUSING IS NOT TREATED AS A TAXABLE BENEFIT. CLUB DUES ARE PAID FOR CERTAIN EMPLOYEES. THE AMOUNTS ARE GROSSED-UP TO COVER ANY APPLICABLE TAXES. ONE OFFICER, ONE KEY EMPLOYEE, AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED THIS BENEFIT DURING THE YEAR, WHICH WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.

PART I, LINES 4A:

UNDER A VOLUNTARY TERMINATION AGREEMENT ENTERED INTO BY THE EMPLOYEE AND THE ORGANIZATION OR UPON A QUALIFYING TERMINATION DEFINED AS AN INVOLUNTARY SEPARATION FROM SERVICE OTHER THAN FOR CAUSE, THE EMPLOYEE IS ENTITLED TO SEVERANCE PAY. THE TERMS AND CONDITIONS REQUIRE THE EMPLOYEE TO SIGN A RELEASE OF CLAIMS FORM THAT COVERS ALL SITUATIONS SURROUNDING THE EMPLOYEE'S EMPLOYMENT AND SEPARATION. THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING THE YEAR: TRAVIS STEELE: $670,588

PART I, LINE 4B:

ONE EXECUTIVE HAS ARRANGEMENTS WHICH PROVIDE FOR SUPPLEMENTAL RETIREMENT BENEFITS AS DESCRIBED IN IRC SEC. 457(F). ANY AMOUNT ULTIMATELY PAID UNDER THE PLAN IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B(III) IN THE YEAR PAID. NO INDIVIDUAL RECEIVED A PAYMENT FROM THIS PLAN DURING THE YEAR.

PART I, LINE 7:

CERTAIN ATHLETIC EMPLOYEES RECEIVE COMPENSATION BASED ON TEAM PERFORMANCE.

FORM 990, PART VII, SECTION A

THE FOLLOWING INDIVIDUAL WAS PAID BY AN UNRELATED ORGANIZATION, THE REGISTRY, FOR THEIR SERVICES TO XAVIER UNIVERSITY DURING 2023: TERESA SMITH: $337,014

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• NORWOOD CAFE LLC

  HOSPITALITY ASSOCIATED WITH ART EXHIBITS AND OTHER XAVIER EVENTS · OH · income $0 · assets $26,492

  Directly controlled by XAVIER UNIVERSITY

• 3759 MONTGOMERY ROAD LLC

  REAL ESTATE · OH · income $0 · assets $0

  Directly controlled by XAVIER UNIVERSITY

• 4040 BEECHWOOD LLC

  REAL ESTATE · OH · income $0 · assets $1,309,396

  Directly controlled by XAVIER UNIVERSITY