Xavier University
Nonprofit profile at a glance
- EIN
- 310537516
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2016
- Location
- Cincinnati, OH, USA
- Phone
- 5137453445
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- University or Technological Institute
- Affiliation
- Christianity
Reported finances
- Revenue
- $347,371,536
- Expenses
- $346,149,166
- Assets
- $948,318,412
- Liabilities
- $344,429,058
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
54 people listed
Executive titles in this filing
- DR COLLEEN M HANYCZ (PRESIDENT)
Highest reported compensation
- SEAN MILLER (HEAD COACH, MEN'S BASKETBALL): $3,201,971 total reported compensation
- DR COLLEEN M HANYCZ (PRESIDENT): $730,185 total reported compensation
- TRAVIS A STEELE (FORMER HEAD COACH, MEN'S BASKETBALL): $670,588 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
Xavier university is a private, coeducational university that educates students in the jesuit catholic tradition. Xavier's four colleges offer 80 undergraduate majors, 90 minors and 40 graduate programs to 5,501 students, including 4,239 undergraduates. Xavier has been recognized as one of the top 10 universities in the midwest for the last 20 years by several independent reviews. A 11:1 student to faculty ratio encourages interactive and supportive learning. Xavier students have high graduation and career placement rates.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 78
- Accountability: 94
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.2%; rating input score 97
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: $6.06 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 49th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 97.7%; rating input score 98; 53rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.4%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 2.74; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 97.2% of revenue deployed · 91.5% of spending went to programs
- Governance: 42 of 43 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $316.6M in reported program spending
- Leadership: top reported pay $3.2M · 54 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $24.4M reported
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 13 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 27/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.