Xavier University FY2024 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 1842Colleges & UniversitiesEIN 31-0537516Revenue $410.6M in FY2024

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.
$7.2M 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

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $20.8M a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 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
$7.2M
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
2 mo
of spending, in cash
Fine: 2.1 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
$210.3M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 40 voting members
Looks good: 39 of 40 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410.6M
+24% vs prior year
Spent
$341.9M
To programs
92%
Net assets
$586.4M
By yearFY2020–FY2025
Revenue
$410.6M
FY2024▲ +24%
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
FY2025$347.4M
Expenses
$341.9M
FY2024▲ +4%
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
FY2025$346.1M
Net assets
$586.4M
FY2024▲ +20%
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
FY2025$603.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. 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% · $314.1M Management & general 7% · $22.6M Fundraising 2% · $5.2M

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

56 people listed on the 990; $7.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head Coach, Men's Basketball
$3,036,829Pt VII · Sec A
Former Head Coach, Men's Basketball
$670,588Pt VII · Sec A
$570,417Pt VII · Sec A
VP, Admin. & Director of Athletics
$463,905Pt VII · Sec A
Asst. Coach, Men's Basketball
$421,990Pt VII · Sec A
VP, University Relations
$393,688Pt VII · Sec A
Interim VP Fin Admn/Cbo (1/23-11/23)
$337,014Pt VII · Sec A
Provost & Chief Academic Officer
$291,250Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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3 programs · $314.1M · in their own filed words · FY2023
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 6,000 students, including 4,748 undergraduates.

$157.0Mprogram 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.

$131.9Mprogram 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…

$25.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$410.6M
Ln 12
Fees for servicesLn 2g$293.3M
Gifts and grantsLn 1h$95.8M
Investment incomeLn 3$21.6M
Money outPt IX
$341.9M
Ln 25
Programscol B$314.1M
Managementcol C$22.6M
Fundraisingcol D$5.2M
Owns and owesPt X
$586.4M
net assets · Ln 32
Cash and savingsLn 1–2$58.7M
Total assetsLn 16$796.7M
LiabilitiesLn 26$210.3M
PeoplePt VI, VII
56
listed · VII A
PaidVII A13
Voting boardVI 1a40
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95.8M
Government grantsLn 1e$3.1M
Noncash giftsLn 1g$3.4M
Fundraising eventsLn 1c$65K
Fees for servicesLn 2g$293.3M
Investment incomeLn 3$21.6M
Gains on assetsLn 7$14.2M
Total revenueLn 12$410.6M
Assets in detailPt X, end of year
CashLn 1$28.1M
SavingsLn 2$30.6M
Cash and savings togetherLn 1–2$58.7M
InvestmentsLn 11–13$338.2M
Land, buildings, equipmentLn 10c$281.9M
Other assetsLn 15$3.5M
Total assetsLn 16$796.7M
LiabilitiesLn 26$210.3M
Net assetsLn 32$586.4M
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 FY24End FY24
Cash and savingsLn 1–2$29.3M$58.7M
InvestmentsLn 11–13$327.7M$338.2M
Land, buildings, equipmentLn 10c$290.8M$281.9M
Total assetsLn 16$707.1M$796.7M
LiabilitiesLn 26$217.0M$210.3M
Net assetsLn 32$490.1M$586.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$67K$67K
Grants to domestic individualsLn 2$123.4M$123.4M
Pay of current officers, directors and key staffLn 5$3.3M$3.0M$221K$105K
Pay of disqualified personsLn 6$671K$605K$45K$21K
Other salaries and wagesLn 7$84.1M$75.8M$5.6M$2.7M
Pension plan contributionsLn 8$8.0M$7.2M$533K$252K
Other employee benefitsLn 9$12.9M$11.6M$861K$407K
Payroll taxesLn 10$6.3M$5.7M$424K$201K
Legal feesLn 11b$159K$40K$119K
Accounting feesLn 11c$291K$73K$219K
Lobbying feesLn 11d$102K$102K
Investment management feesLn 11f$887K$222K$665K
Other fees for servicesLn 11g$11.0M$10.0M$658K$329K
Advertising and promotionLn 12$1.7M$1.4M$146K$69K
Office expensesLn 13$9.7M$8.7M$642K$304K
OccupancyLn 16$4.0M$3.7M$174K$87K
TravelLn 17$8.1M$8.0M$77K$37K
Conferences, conventions and meetingsLn 19$2.8M$2.6M$167K$79K
InterestLn 20$6.1M$4.6M$1.5M
Depreciation, depletion and amortizationLn 22$20.6M$15.4M$5.1M
InsuranceLn 23$2.4M$2.3M$125K$63K
Other expenses (24a–d)Ln 24$24.8M$19.9M$4.6M$308K
All other expensesLn 24e$10.6M$9.7M$645K$322K
Total functional expensesLn 25$341.9M$314.1M$22.6M$5.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $347.4M$346.1M$1.2M$603.9M 990 PDF
FY2024 Viewing $410.6M$341.9M$68.7M$586.4M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $410,649,700 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,751,320$95,806,083
I-9 Program service revenuePrior year $281,890,545$293,271,415
I-10 Investment incomePrior year $10,587,783$21,575,381
I-11 Other revenuePrior year $1,028−$3,179
I-12 Total revenuePrior year $332,230,676$410,649,700
I-13 Grants and similar amounts paidPrior year $115,141,498$123,427,048
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $113,555,787$115,264,268
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $98,989,232$103,227,583
I-18 Total expensesPrior year $327,686,517$341,918,899
I-19 Revenue less expensesPrior year $4,544,159$68,730,801
Part VI · Governance 39 of 40 board members independent, no flags
VI-1a Voting members of the governing body40
VI-1b Independent voting members39
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 $410,649,700 across 10 lines filed
Lines not itemized here account for $32,285 of total revenue; see the IRS return.
VIII-1c Fundraising events$64,850
VIII-1e Government grants$3,099,741
VIII-1f All other contributions, gifts and grants$92,641,492
VIII-1g Noncash contributions (included above)$3,367,923
VIII-1h Total contributions, gifts and grants$95,806,083
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $292,506,610 · Unrelated business $764,805$293,271,415
VIII-3 Investment incomeUnrelated business −$235,770 · Excluded from tax $7,579,314$7,343,544
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,231,837$14,231,837
VIII-8 Net income from fundraising eventsExcluded from tax −$35,464−$35,464
VIII-12 Total revenueRelated to mission $292,506,610 · Unrelated business $529,035 · Excluded from tax $21,807,972$410,649,700
Part IX · Statement of functional expenses $341,918,899 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $66,862$66,862
IX-2 Grants to domestic individualsPrograms $123,360,186$123,360,186
IX-5 Pay of current officers, directors and key staffPrograms $2,985,472 · Management $221,198 · Fundraising $104,671$3,311,341
IX-6 Pay of disqualified personsPrograms $604,595 · Management $44,795 · Fundraising $21,197$670,587
IX-7 Other salaries and wagesPrograms $75,794,041 · Management $5,615,681 · Fundraising $2,657,361$84,067,083
IX-8 Pension plan contributionsPrograms $7,198,057 · Management $533,314 · Fundraising $252,366$7,983,737
IX-9 Other employee benefitsPrograms $11,617,136 · Management $860,729 · Fundraising $407,300$12,885,165
IX-10 Payroll taxesPrograms $5,721,810 · Management $423,937 · Fundraising $200,608$6,346,355
IX-11b Legal feesPrograms $39,701 · Management $119,103$158,804
IX-11c Accounting feesPrograms $72,835 · Management $218,513$291,348
IX-11d Lobbying feesPrograms $101,500$101,500
IX-11f Investment management feesPrograms $221,692 · Management $665,076$886,768
IX-11g Other fees for servicesPrograms $9,976,712 · Management $657,805 · Fundraising $328,903$10,963,420
IX-12 Advertising and promotionPrograms $1,442,897 · Management $146,013 · Fundraising $68,951$1,657,861
IX-13 Office expensesPrograms $8,716,973 · Management $642,113 · Fundraising $304,121$9,663,207
IX-16 OccupancyPrograms $3,735,790 · Management $174,328 · Fundraising $86,603$3,996,721
IX-17 TravelPrograms $8,028,544 · Management $77,211 · Fundraising $36,509$8,142,264
IX-19 Conferences, conventions and meetingsPrograms $2,600,366 · Management $166,837 · Fundraising $78,797$2,846,000
IX-20 InterestPrograms $4,554,350 · Management $1,518,117$6,072,467
IX-22 Depreciation, depletion and amortizationPrograms $15,429,979 · Management $5,143,326$20,573,305
IX-23 InsurancePrograms $2,255,950 · Management $125,105 · Fundraising $62,539$2,443,594
IX-24 Other expenses (24a–d)Programs $19,904,542 · Management $4,582,954 · Fundraising $307,930$24,795,426
IX-24e All other expensesPrograms $9,667,630 · Management $644,845 · Fundraising $322,423$10,634,898
IX-25 Total functional expensesPrograms $314,097,620 · Management $22,581,000 · Fundraising $5,240,279$341,918,899
Part X · Balance sheet $796,687,077 assets, 18 lines filed
Asset lines not itemized here account for $1,003,887; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $12,682,717$28,078,046
X-2 Savings and temporary cash investmentsStart of year $16,584,418$30,596,594
X-3 Pledges and grants receivableStart of year $45,255,300$99,023,032
X-4 Accounts receivableStart of year $2,841,417$4,266,690
X-9 Prepaid expenses and deferred chargesStart of year $7,517,362$10,110,189
X-10c Land, buildings and equipment, netStart of year $290,835,817$281,881,619
X-12 Other securitiesStart of year $327,736,872$338,206,187
X-15 Other assetsStart of year $2,523,314$3,520,833
X-16 Total assetsStart of year $707,115,876$796,687,077
X-17 Accounts payable and accrued expensesStart of year $24,605,698$28,817,258
X-19 Deferred revenueStart of year $12,173,695$11,453,588
X-20 Tax-exempt bond liabilitiesStart of year $172,570,143$164,178,876
X-25 Other liabilitiesStart of year $7,638,968$5,815,521
X-26 Total liabilitiesStart of year $216,988,504$210,265,243
X-27 Net assets without donor restrictionsStart of year $198,272,833$206,419,834
X-28 Net assets with donor restrictionsStart of year $291,854,539$380,002,000
X-32 Total net assets or fund balancesStart of year $490,127,372$586,421,834
X-33 Total liabilities and net assetsStart of year $707,115,876$796,687,077
Part XI · Reconciliation of net assets $586,421,834 net assets at year end
XI-1 Total revenue$410,649,700
XI-2 Total expenses$341,918,899
XI-3 Revenue less expenses$68,730,801
XI-4 Net assets at start of year$490,127,372
XI-5 Net unrealized gains (losses) on investments$22,558,560
XI-6 Donated services and use of facilities−$111,978
XI-9 Other changes in net assets$5,117,079
XI-10 Net assets at end of year$586,421,834

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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