Xavier Foundation INC FY2024 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 1996Foundations & GrantmakersEIN 86-0806832Revenue $323K in FY2024

On file with the IRSxcp.org/giving/foundation4710 N 5th St, 85012-1738 · Phoenix, AZTax-exempt since Nov 1996Publicly supported charity — 170(b)(1)(A)(vi)

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To provide for the long-term prosperity and fiscal health of Xavier college preparatory by substantially enhancing the financial resources available for key areas of the Xavier education: scholarship, faculty development, capital projects, and technology.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$108K 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 $396K a year · 72% 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
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 163% of spending
Concern: pay to officers and key staff is 163% of spending; over 30%.
Pt VII · Sec A
Cash reserves
59 mo
of spending, in cash
Looks good: 59.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$323K
+38% vs prior year
Spent
$66K
To programs
53%
Net assets
$6.3M
By yearFY2020–FY2025
Revenue
$323K
FY2024▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$696K
FY2021$516K
FY2022$1.2M
FY2023$234K
FY2024$323K
FY2025$332K
Expenses
$66K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$221K
FY2022$201K
FY2023$59K
FY2024$66K
FY2025$126K
Net assets
$6.3M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$5.6M
FY2022$5.0M
FY2023$5.6M
FY2024$6.3M
FY2025$7.0M

From the FY2024 Form 990 (year ending June 2024) · 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 Nov 1996.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $35K Management & general 47% · $31K

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

10 people listed on the 990; $108K 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
Treasurer/Secretary
$108,477Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Catherine Clancy’s $110K as Treasurer/Secretary (left Feb '26) is at the 89th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Catherine Clancy$110,180$108,477$106,169$78,714——
Pauline Fitz-Gerald————$79,870$77,205

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances financial resources for scholarships, faculty, facilities, and technology.

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Provided by the organization

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2 programs · $35K · in their own filed words · FY2023
01

To provide need-based scholarships to xavier college preparatory students through a process of review and deliberation of a committee comprised of donors, xavier teachers, counselors and administrative staff.

$35Kprogram expense
02

To provide xavier college preparatory with funds for faculty development which will be used to enhance xavier college preparatory's faculty with development opportunities that will further develop their teaching skills and enrich the classroom experience of the students.

Pt IX · col B

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 · FY2020
Total grants receivedfrom 1 funder$26K
Grants paid · 6 grants · $716K · 2019–2024
Unitemized GrantFY2024$91,427
Unitemized GrantFY2023$35,306
Unitemized GrantFY2022$32,172
Unitemized GrantFY2021$165,624
Unitemized GrantFY2020$190,054
Unitemized GrantFY2019$200,937

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$323K
Ln 12
Investment incomeLn 3$234K
Gifts and grantsLn 1h$88K
Money outPt IX
$66K
Ln 25
Programscol B$35K
Managementcol C$31K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$328K
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Investment incomeLn 3$234K
Gains on assetsLn 7$49K
Total revenueLn 12$323K
Assets in detailPt X, end of year
CashLn 1$111K
SavingsLn 2$217K
Cash and savings togetherLn 1–2$328K
InvestmentsLn 11–13$6.0M
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$351K$328K
InvestmentsLn 11–13$5.3M$6.0M
Total assetsLn 16$5.6M$6.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.6M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$35K$35K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$28K$28K
Other expenses (24a–d)Ln 24$144$144
Total functional expensesLn 25$66K$35K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $332K$126K$206K$7.0M 990 PDF
FY2024 Viewing $323K$66K$256K$6.3M 990 PDF
FY2023 $234K$59K$175K$5.6M 990 PDF
FY2022 $1.2M$201K$979K$5.0M 990 PDF
FY2021 $516K$221K$296K$5.6M 990 PDF
FY2020 $696K$233K$463K$4.3M 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 $322,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,112$88,350
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $87,653$234,437
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $233,765$322,787
I-13 Grants and similar amounts paidPrior year $32,172$35,306
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,715$31,174
I-18 Total expensesPrior year $58,887$66,480
I-19 Revenue less expensesPrior year $174,878$256,307
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $322,787 across 5 lines filed
VIII-1f All other contributions, gifts and grants$88,350
VIII-1h Total contributions, gifts and grants$88,350
VIII-3 Investment incomeExcluded from tax $185,463$185,463
VIII-7 Net gain or loss on sales of assetsExcluded from tax $48,974$48,974
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $234,437$322,787
Part IX · Statement of functional expenses $66,480 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $35,306$35,306
IX-11c Accounting feesManagement $3,150$3,150
IX-11f Investment management feesManagement $27,880$27,880
IX-24 Other expenses (24a–d)Management $144$144
IX-25 Total functional expensesPrograms $35,306 · Management $31,174 · Fundraising $0$66,480
Part X · Balance sheet $6,309,133 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $127,941$110,763
X-2 Savings and temporary cash investmentsStart of year $223,272$217,016
X-11 Publicly traded securitiesStart of year $5,277,172$5,981,354
X-16 Total assetsStart of year $5,628,385$6,309,133
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $119,503$95,877
X-28 Net assets with donor restrictionsStart of year $5,508,882$6,213,256
X-32 Total net assets or fund balancesStart of year $5,628,385$6,309,133
X-33 Total liabilities and net assetsStart of year $5,628,385$6,309,133
Part XI · Reconciliation of net assets $6,309,133 net assets at year end
XI-1 Total revenue$322,787
XI-2 Total expenses$66,480
XI-3 Revenue less expenses$256,307
XI-4 Net assets at start of year$5,628,385
XI-5 Net unrealized gains (losses) on investments$424,441
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,309,133

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

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