Xavier University FY2023 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 1842Colleges & UniversitiesEIN 31-0537516Revenue $332.2M in FY2023

On file with the IRSxavier.edu3800 Victory Parkway, 45207-1035 · Cincinnati, OHTax-exempt since Feb 1974Church — 170(b)(1)(A)(i)

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Xavier is a jesuit catholic University rooted in the liberal arts tradition. Our mission is to educate each student intellectually, morally, and spiritually. We create learning opportunities through rigorous academic and professional programs integrated with co-curricular engagement. In an environment of open and free inquiry, we prepare students for a world that is increasingly diverse, complex and interdependent. Driven by our commitment to the common good and to the education of the whole person, the Xavier community challenges and supports students as they cultivate lives of reflection, compassion and informed action.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$6.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $24.7M a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.2M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $478K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$217.0M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
36
of 37 voting members
Looks good: 36 of 37 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332.2M
+3% vs prior year
Spent
$327.7M
To programs
92%
Net assets
$490.1M
By yearFY2020–FY2024
Revenue
$332.2M
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$308.2M
FY2021$321.9M
FY2022$321.0M
FY2023$332.2M
FY2024$410.6M
FY2024$347.4M
Expenses
$327.7M
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$293.0M
FY2021$301.9M
FY2022$306.2M
FY2023$327.7M
FY2024$341.9M
FY2024$346.1M
Net assets
$490.1M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$421.4M
FY2021$505.4M
FY2022$465.7M
FY2023$490.1M
FY2024$586.4M
FY2024$603.9M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $300.1M Management & general 7% · $22.3M Fundraising 2% · $5.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

52 people listed on the 990; $6.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head Coach, Men's Basketball
$2,080,526Pt VII · Sec A
Head Coach, Men's B-Ball (end 03/22)
$955,359Pt VII · Sec A
$558,413Pt VII · Sec A
VP, Admin. & Director of Athletics
$453,863Pt VII · Sec A
VP, University Relations
$380,021Pt VII · Sec A
Head Coach, Women's Basketball
$343,592Pt VII · Sec A
Provost & Chief Academic Officer
$296,733Pt VII · Sec A
VP, Fin. Admin. & Cbo (end 12/22)
$264,990Pt VII · Sec A

Sean Miller’s $3.1M as Head Coach, Men's Basketball is at the 94th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sean Miller$3,143,725$3,036,829$2,080,526———
Travis a Steele$670,588$670,588$955,359$1,833,838$1,597,839—
Travis Steele—————$1,628,198
Dr Colleen M Hanycz$573,750$570,417$558,413———
Gregory a Christopher$530,564$463,905$453,863$443,385$419,109$409,413
Steven Halm$469,744—————
Adam Cohen$404,836$421,990————
Gary R Massa$399,517$393,688$380,021$380,553$358,926$338,721

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Xavier University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a Jesuit Catholic liberal arts education, preparing students intellectually, morally, and spiritually through rigorous academic programs and comprehensive support services.

Provided by the organization

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3 programs · $300.1M · in their own filed words · FY2022
01

Xavier university is a private, coeducational university that educates students in the jesuit catholic tradition. Xavier's four colleges offer 90 undergraduate majors, 60 minors and 40 graduate programs to 6,129 students, including 4,852 undergraduates.

$150.0Mprogram expense
02

Xavier university offers student services which contribute to the student's emotional and physical well being as well as intellectual, cultural and social development outside the context of formal instruction.

$126.0Mprogram expense
03

Academic support includes the operation of the library, the conaton learning commons and division of information resources. In addition to the resources in the library collections, the facilities provide study, lounge, conference, instruction space, technologies, and services to help students master essential skills and gain a…

$24.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 9 funders →
Grants paid · 36 grants · $668.0M · 2019–2024
Unitemized GrantFY2024$119,305,450
EquasionOH · FY2024$6,700
Unitemized GrantFY2023$123,360,186
Cris Collinsworth Proscan FundOH · FY2023$6,000
Unitemized GrantFY2022$115,035,290
Venue Lifestyle & Event Guide INCFY2022$5,750
Unitemized GrantFY2021$108,970,111
See all 36 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$332.2M
Ln 12
Fees for servicesLn 2g$281.9M
Gifts and grantsLn 1h$39.8M
Investment incomeLn 3$10.6M
Money outPt IX
$327.7M
Ln 25
Programscol B$300.1M
Managementcol C$22.3M
Fundraisingcol D$5.3M
Owns and owesPt X
$490.1M
net assets · Ln 32
Cash and savingsLn 1–2$29.3M
Total assetsLn 16$707.1M
LiabilitiesLn 26$217.0M
PeoplePt VI, VII
52
listed · VII A
PaidVII A12
Voting boardVI 1a37
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39.8M
Government grantsLn 1e$2.5M
Noncash giftsLn 1g$847K
Fundraising eventsLn 1c$79K
Fees for servicesLn 2g$281.9M
Investment incomeLn 3$10.6M
Other incomeLn 4–11$1K
Gains on assetsLn 7$5.0M
Total revenueLn 12$332.2M
Assets in detailPt X, end of year
CashLn 1$12.7M
SavingsLn 2$16.6M
Cash and savings togetherLn 1–2$29.3M
InvestmentsLn 11–13$327.7M
Land, buildings, equipmentLn 10c$290.8M
Other assetsLn 15$2.5M
Total assetsLn 16$707.1M
LiabilitiesLn 26$217.0M
Net assetsLn 32$490.1M
OperationsPt I, VI
EmployeesI 52,915
VolunteersI 6479
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$18.2M$29.3M
InvestmentsLn 11–13$350.8M$327.7M
Land, buildings, equipmentLn 10c$281.9M$290.8M
Total assetsLn 16$697.1M$707.1M
LiabilitiesLn 26$231.3M$217.0M
Net assetsLn 32$465.7M$490.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$106K$106K
Grants to domestic individualsLn 2$115.0M$115.0M
Pay of current officers, directors and key staffLn 5$2.7M$2.4M$179K$85K
Pay of disqualified personsLn 6$197K$177K$13K$6K
Other salaries and wagesLn 7$84.3M$76.0M$5.6M$2.7M
Pension plan contributionsLn 8$6.5M$5.8M$433K$205K
Other employee benefitsLn 9$14.0M$12.7M$938K$444K
Payroll taxesLn 10$5.9M$5.3M$391K$185K
Legal feesLn 11b$637K$159K$478K
Accounting feesLn 11c$266K$67K$200K
Investment management feesLn 11f$660K$165K$495K
Other fees for servicesLn 11g$6.5M$5.9M$392K$196K
Advertising and promotionLn 12$1.9M$1.2M$475K$224K
Office expensesLn 13$10.2M$9.4M$537K$254K
OccupancyLn 16$3.9M$3.6M$187K$92K
TravelLn 17$8.0M$7.8M$114K$54K
Conferences, conventions and meetingsLn 19$3.0M$2.8M$170K$80K
InterestLn 20$6.3M$4.7M$1.6M
Depreciation, depletion and amortizationLn 22$19.4M$14.6M$4.8M
InsuranceLn 23$2.2M$2.0M$112K$56K
Other expenses (24a–d)Ln 24$29.4M$24.8M$4.4M$285K
All other expensesLn 24e$6.5M$5.2M$897K$448K
Total functional expensesLn 25$327.7M$300.1M$22.3M$5.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $410.6M$341.9M$68.7M$586.4M 990 PDF
FY2023 Viewing $332.2M$327.7M$4.5M$490.1M 990 PDF
FY2022 $321.0M$306.2M$14.9M$465.7M 990 PDF
FY2021 $321.9M$301.9M$19.9M$505.4M 990 PDF
FY2020 $308.2M$293.0M$15.2M$421.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $332,230,676 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,162,385$39,751,320
I-9 Program service revenuePrior year $278,430,884$281,890,545
I-10 Investment incomePrior year $22,608,436$10,587,783
I-11 Other revenuePrior year −$168,385$1,028
I-12 Total revenuePrior year $321,033,320$332,230,676
I-13 Grants and similar amounts paidPrior year $109,142,253$115,141,498
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $107,973,882$113,555,787
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,043,861$98,989,232
I-18 Total expensesPrior year $306,159,996$327,686,517
I-19 Revenue less expensesPrior year $14,873,324$4,544,159
Part VI · Governance 36 of 37 board members independent, no flags
VI-1a Voting members of the governing body37
VI-1b Independent voting members36
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $332,230,676 across 10 lines filed
Lines not itemized here account for $48,528 of total revenue; see the IRS return.
VIII-1c Fundraising events$79,000
VIII-1e Government grants$2,455,976
VIII-1f All other contributions, gifts and grants$37,216,344
VIII-1g Noncash contributions (included above)$847,285
VIII-1h Total contributions, gifts and grants$39,751,320
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $280,553,054 · Unrelated business $1,337,491$281,890,545
VIII-3 Investment incomeUnrelated business $179,564 · Excluded from tax $5,380,017$5,559,581
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,028,202$5,028,202
VIII-8 Net income from fundraising eventsExcluded from tax −$47,500−$47,500
VIII-12 Total revenueRelated to mission $280,553,054 · Unrelated business $1,517,055 · Excluded from tax $10,409,247$332,230,676
Part IX · Statement of functional expenses $327,686,517 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $106,208$106,208
IX-2 Grants to domestic individualsPrograms $115,035,290$115,035,290
IX-5 Pay of current officers, directors and key staffPrograms $2,419,037 · Management $179,230 · Fundraising $84,812$2,683,079
IX-6 Pay of disqualified personsPrograms $177,258 · Management $13,133 · Fundraising $6,215$196,606
IX-7 Other salaries and wagesPrograms $76,006,882 · Management $5,631,464 · Fundraising $2,664,809$84,303,155
IX-8 Pension plan contributionsPrograms $5,840,004 · Management $432,694 · Fundraising $204,752$6,477,450
IX-9 Other employee benefitsPrograms $12,660,825 · Management $938,057 · Fundraising $443,892$14,042,774
IX-10 Payroll taxesPrograms $5,276,756 · Management $390,962 · Fundraising $185,005$5,852,723
IX-11b Legal feesPrograms $159,272 · Management $477,816$637,088
IX-11c Accounting feesPrograms $66,534 · Management $199,601$266,135
IX-11f Investment management feesPrograms $165,065 · Management $495,194$660,259
IX-11g Other fees for servicesPrograms $5,949,696 · Management $392,288 · Fundraising $196,144$6,538,128
IX-12 Advertising and promotionPrograms $1,198,099 · Management $475,079 · Fundraising $224,343$1,897,521
IX-13 Office expensesPrograms $9,449,806 · Management $536,556 · Fundraising $253,930$10,240,292
IX-16 OccupancyPrograms $3,641,704 · Management $186,756 · Fundraising $92,089$3,920,549
IX-17 TravelPrograms $7,825,986 · Management $114,266 · Fundraising $54,009$7,994,261
IX-19 Conferences, conventions and meetingsPrograms $2,786,731 · Management $170,066 · Fundraising $80,317$3,037,114
IX-20 InterestPrograms $4,714,711 · Management $1,571,570$6,286,281
IX-22 Depreciation, depletion and amortizationPrograms $14,629,021 · Management $4,756,340$19,385,361
IX-23 InsurancePrograms $2,020,618 · Management $111,989 · Fundraising $55,989$2,188,596
IX-24 Other expenses (24a–d)Programs $24,765,542 · Management $4,376,662 · Fundraising $285,063$29,427,267
IX-24e All other expensesPrograms $5,165,624 · Management $896,504 · Fundraising $448,252$6,510,380
IX-25 Total functional expensesPrograms $300,060,669 · Management $22,346,227 · Fundraising $5,279,621$327,686,517
Part X · Balance sheet $707,115,876 assets, 18 lines filed
Asset lines not itemized here account for $1,138,659; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,469,754$12,682,717
X-2 Savings and temporary cash investmentsStart of year $15,723,440$16,584,418
X-3 Pledges and grants receivableStart of year $30,513,067$45,255,300
X-4 Accounts receivableStart of year $4,144,507$2,841,417
X-9 Prepaid expenses and deferred chargesStart of year $7,678,824$7,517,362
X-10c Land, buildings and equipment, netStart of year $281,916,874$290,835,817
X-12 Other securitiesStart of year $350,762,116$327,736,872
X-15 Other assetsStart of year $2,679,269$2,523,314
X-16 Total assetsStart of year $697,051,250$707,115,876
X-17 Accounts payable and accrued expensesStart of year $26,575,489$24,605,698
X-19 Deferred revenueStart of year $12,033,639$12,173,695
X-20 Tax-exempt bond liabilitiesStart of year $180,769,108$172,570,143
X-25 Other liabilitiesStart of year $11,941,420$7,638,968
X-26 Total liabilitiesStart of year $231,319,656$216,988,504
X-27 Net assets without donor restrictionsStart of year $203,419,604$198,272,833
X-28 Net assets with donor restrictionsStart of year $262,311,990$291,854,539
X-32 Total net assets or fund balancesStart of year $465,731,594$490,127,372
X-33 Total liabilities and net assetsStart of year $697,051,250$707,115,876
Part XI · Reconciliation of net assets $490,127,372 net assets at year end
XI-1 Total revenue$332,230,676
XI-2 Total expenses$327,686,517
XI-3 Revenue less expenses$4,544,159
XI-4 Net assets at start of year$465,731,594
XI-5 Net unrealized gains (losses) on investments$16,777,828
XI-6 Donated services and use of facilities−$95,416
XI-7 Investment expenses−$660,259
XI-9 Other changes in net assets$3,829,466
XI-10 Net assets at end of year$490,127,372

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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