2016-05-10T12:50:54-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS ST STE 1000 PEORIA IL 61602 990 2014-07-01 362177133 SAINT XAVIER UNIVERSITY SAIN 7732983000 3700 WEST 103RD ST CHICAGO IL 60655 CHRISTINE M WISEMAN PRESIDENT 7732983000 2016-05-10 1 SAMUEL A CIGELNIK P00324762 3096714500 2014 2016-08-17 19:52:53Z CHRISTINE M WISEMAN 3700 WEST 103RD ST CHICAGO IL 60655 113344179 0 X WWW.SXU.EDU X 1846 IL SAINT XAVIER UNIVERSITY (SXU) EDUCATES MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 22 22 1784 6 1081616 -62308 6498762 5191966 96552379 99151425 367274 1314300 1498277 1474556 104916692 107132247 28535400 31984153 0 0 44088266 44878809 0 0 1753392 27379078 29148177 100002744 106011139 4913948 1121108 144072651 131854212 63322278 60400681 80750373 71453531 X SAINT XAVIER UNIVERSITY (SXU) EDUCATES MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 0 0 75823115 31984153 92396518 SAINT XAVIER UNIVERSITY IS AN INDEPENDENT, CATHOLIC, COMPREHENSIVE UNIVERSITY OFFERING BACHELORS AND MASTER'S DEGREES TO A DIVERSE POPULATION OF NEARLY 4,400 STUDENTS. SXU OFFERS GRADUATE AND UNDERGRADUATE PROGRAMS IN BUSINESS ADMINISTRATION, LIBERAL AND SCIENCES, NURSING AND EDUCATION. BASED ON FALL SEMESTER STATISTICS, FULL-TIME EQUIVALENT STUDENTS ("FTES") ENROLLED IN THE UNIVERSITY IN THE 2015 FISCAL YEAR AT THE UNDERGRADUATE LEVEL WERE 2,793 AND AT THE GRADUATE LEVEL WERE 572, HEADCOUNTS WERE 2,974 FOR UNDERGRADUATE AND 1,099 FOR GRADUATE. DURING THE FISCAL YEAR 2014, FALL SEMESTER FTE'S AT THE UNDERGRADUATE LEVEL WERE 2,705 AND AT THE GRADUATE LEVEL WERE 679, HEADCOUNTS WERE 2,920 FOR UNDERGRADUATE AND 1,332 FOR GRADUATE. ADDITIONALLY, DURING THE 2015 FISCAL YEAR, THE UNIVERSITY'S FACULTY CONSISTED OF 196 FULL-TIME EMPLOYEES. COMPARABLE COUNTS FOR FISCAL YEAR 2014 WERE 199 FULL-TIME. SAINT XAVIER UNIVERSITY'S FULL-TIME UNDERGRADUATE ENROLLMENT RANGED FROM 2,300 TO 2,920 BETWEEN 2004-2014, AND EIGHT NEW FACILITIES WERE ADDED OVER THE LAST TEN YEARS. WITH 39 UNDERGRADUATE DEGREE PROGRAMS AND OVER 40 GRADUATE PROGRAM OPTIONS IN THE COLLEGE OF ARTS AND SCIENCES, THE SCHOOL OF EDUCATION, THE SCHOOL OF NURSING, THE GRAHAM SCHOOL OF MANAGEMENT, AND THE SCHOOL FOR CONTINUING AND PROFESSIONAL STUDIES, SAINT XAVIER OFFERS A FIRM FOUNDATION IN THE LIBERAL ARTS ALONG WITH SOLID CAREER PREPARATION. SAINT XAVIER CONTINUES TO RANK AS ONE OF THE TOP 40 COMPREHENSIVE MASTER'S UNIVERSITIES IN THE MIDWEST BY US NEWS & WORLD REPORT'S AMERICA'S BEST COLLEGES. 75823115 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5812 0 1 1784 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DIANE STALLMANN 7732983000 3700 WEST 103RD ST CHICAGO IL 60655 CAROL A KEENE TRUSTEE 1.00 X 0 0 0 CHRISTINE M WISEMAN PRESIDENT 40.00 X X 360885 0 35542 DEBRA HENDRICKSON TRUSTEE 1.00 X 0 0 0 HOPE L FLACK TRUSTEE 1.00 X 0 0 0 JOHN DELEONARDIS TRUSTEE 1.00 X 0 0 0 JOHN J BENISH JR TRUSTEE 1.00 X 0 0 0 JOHN SIMMONS TRUSTEE 1.00 X 0 0 0 JOHN T COSTELLO CHAIRMAN 1.00 X 0 0 0 MARY CLARE LOFTUS TRUSTEE 1.00 X 0 0 0 MARY MACLAREN TRUSTEE 1.00 X 0 0 0 PATRICIA A MORRIS TRUSTEE 1.00 X 0 0 0 PATRICK SHEAHAN TRUSTEE 1.00 X 0 0 0 RAYMOND L KRATZER TRUSTEE 1.00 X 0 0 0 REVEREND JOHN F CANARY TRUSTEE 1.00 X 0 0 0 ROGER O CROCKETT TRUSTEE 1.00 X 0 0 0 SISTER MARGARET MARY KNITTEL RSM TRUSTEE 1.00 X 0 0 0 SISTER MARY ANN BERGFELD RSM TRUSTEE 1.00 X 0 0 0 SISTER MAUREEN SCOTT RSM TRUSTEE 1.00 X 0 0 0 SISTER SHEILA E MEGLEY RSM TRUSTEE 1.00 X 0 0 0 THOMAS FOLEY TRUSTEE 1.00 X 0 0 0 TIMOTHY TRAHEY TRUSTEE 1.00 X 0 0 0 VERNON O CRAWLEY TRUSTEE 1.00 X 0 0 0 BRIAN O SHANNON JR TRUSTEE 1.00 X 0 0 0 KATHLEEN RINEHART GENERAL COUNSEL 40.00 X 218313 0 21327 ROBERT FISHER VICE-PRESIDENT 40.00 X 139761 0 1352 GLORIA JACOBSON DEAN, SON 40.00 X 170649 0 24966 KATHLEEN ALAIMO DEAN, CA&S 40.00 X 152685 0 9224 PAUL DEVITO PROVOST 40.00 X 214998 0 10327 ANGELA DURANTE PROFESSOR 40.00 X 150484 0 13915 JOHN EBER VICE-PRESIDENT 40.00 X 144880 0 15110 JOHN PELRINE VICE-PRESIDENT 40.00 X 133872 0 7415 KENNETH RAKOW ASSOCIATE PROFESSOR 40.00 X 130133 0 1347 ROBERT TENCZAR VICE-PRESIDENT 40.00 X 136867 0 17023 RAYMOND CATANIA VP CFO 40.00 X 240786 0 17740 2194313 0 175288 32 1 1 0 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 3623199 DELTAK EDU INC 1415 W 22ND STREET OAK BROOK IL 60523 ONLINE EDUCATION SERVICES 1897838 SUN LIFE FINANCIAL PO BOX 7247-7184 PHILADELPHIA PA 19170 INSURANCE MANAGEMENT 1062276 HENRY BROTHERS CONSTRUCTION 9821 S 78TH AVE HICKORY HILLS IL 60457 CONTRACTOR 840857 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 RECRUITMENT 664488 28 174114 3446429 1571423 53954 5191966 TUITION 611310 91598014 91598014 ROOM AND BOARD 611310 6760553 6760553 BOOKSTORE REVENUE 611310 136806 136806 WORKSHOP REVENUE 611310 101078 101078 554974 554974 99151425 106941 106941 74508 0 74508 74508 74508 7262810 5279 6060730 0 1202080 5279 1207359 5279 1202080 151202 174114 151202 0 RESTAURANT FOOD SALES 722210 674943 137173 537770 PARKING FEE REVENUE 611600 255767 255767 CONFERENCE REVENUE 611710 246784 246784 222554 222554 1400048 107132247 92396518 1081616 8462147 31984153 31984153 983784 983784 35454212 26715272 7793741 945199 1003184 735505 241656 26023 4902835 3594539 1181109 127187 2534794 1858437 610605 65752 477078 477078 117780 117780 7464848 6703964 410112 350772 1997210 42095 1927675 27440 1617198 965655 626400 25143 1476890 466848 1005086 4956 2565927 664415 1901512 283154 265261 13729 4164 922056 764733 119816 37507 1611438 1611438 6507414 6507414 943615 69085 874530 TUITION WAIVERS 1535321 6870 1528451 STUDENT EVENTS 542060 480138 10711 51211 BANK FEES 394932 49 388036 6847 DUES AND FEES 266946 150485 106570 9891 424310 355611 -2601 71300 106011139 75823115 28434632 1753392 13287562 13789363 1346667 680000 2482046 1956659 2516159 2917493 3134661 3118667 2683987 2473725 172794423 77649937 107184305 95144486 9042491 9445900 744247 627485 1650526 1700434 144072651 131854212 6505197 5584090 1667470 1439711 42755000 40828171 5000000 5000000 7394611 7548709 63322278 60400681 X 66440196 55695712 5875070 7173520 8435107 8584299 80750373 71453531 144072651 131854212 X 1121108 -1152313 -9265637 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 21.40 0 0 1 0 10125465 207622 108157 65456 10375788 8649207 420387 1101986 46115 10125465 7968066 203035 632087 153981 8649207 8016905 235149 -166209 117779 7968066 7543156 283892 1030102 134509 705736 8016905 0.13240 0.81200 0.05560 1 0 9771623 9771623 124070007 45325295 78744712 38686617 32324642 6361975 266176 266176 95144486 CONDITIONAL ASSET RETIREMENT OBLIGATION 4175343 STUDENT DEPOSITS 130350 REFUNDABLE GOVERNMENT LOANS 3243016 7548709 X 73500031 -1152313 -1152313 74652344 32479903 32479903 107132247 73531236 0 73531236 32479903 32479903 106011139 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO FACILITATE DONORS' DESIRES TO MAKE SUBSTANTIAL LONG-TERM GIFTS TO THE COMMUNITY AND TO DEVELOP A NEW AND SIGNIFICANT SOURCE OF REVENUE FOR THE UNIVERSITY. IN SO DOING, THE ENDOWMENT FUND WILL PROVIDE A SECURE, LONG-TERM SOURCE OF FUNDS TO 1) STABILIZE AGENCY FUNDING DURING PERIODS OF BELOW NORMAL ANNUAL CAMPAIGNS, 2) FUND SPECIAL GRANTS 3) ENSURE LONG-TERM GROWTH 4) ENHANCE OUR ABILITY TO MEET CHANGING COMMUNITY NEEDS IN BOTH THE SHORT AND LONG-TERM, AND, 5) SUPPORT THE ADMINISTRATIVE EXPENSES OF THE UNIVERSITY AS DEEMED APPROPRIATE. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY DETERMINED THAT IS WAS NOT REQUIRED TO RECORD A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015. THE FEDERAL AND STATETAX RETURNS OF THE UNIVERSITY FOR 2012, 2013 AND 2014 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 31,984,153. WRITE OFF BOND COST 495,750. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 31,984,153. WRITE OFF BOND COST 495,750. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SXU PUBLISHES THEIR RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE AT WWW.SXU.EDU. THE UNIVERSITY SEEKS STUDENTS OF DIVERSE TALENTS, EXPERIENCES, KNOWLEDGE, INTERESTS, AND CULTURES WHO ARE WILLING TO LEARN, AND TO SEEK EXCELLENCE IN THEMSELVES AND OTHERS. ONE OF THE CORE VALUES OF THE UNIVERSITY IS DIVERSITY. DIVERSITY BUILDS A COMMUNITY THAT FOSTERS A CLIMATE THAT IS OPEN AND WELCOMING TO DIVERSE PEOPLE, IDEAS, AND PERSPECTIVES, THAT PROMOTES A CONSTRUCTIVE DISCOURSE ON THE NATURE OF DIVERSITY, AND THAT ENGAGES FACULTY, STAFF AND STUDENTS IN ACTIVITIES THAT PROMOTE THE UNIVERSITY'S CORE VALUES. SXU ADMITS QUALIFIED STUDENTS WITHOUT REGARD TO RACE, RELIGION, AGE, SEX, NATIONAL OR ETHNIC ORIGIN. THE UNIVERSITY DOES NOT DISCRIMINATE AGAINST HANDICAPPED PERSONS WHO ARE OTHERWISE QUALIFIED TO PARTICIPATE IN THE INTELLECTUAL AND SOCIAL LIFE OF THE UNIVERSITY. SCHEDULE E, PART I, LINE 6 U.S. DEPARTMENT OF EDUCATION - $ 679,996 ILLINOIS BOARD OF HIGHER EDUCATION - $ 2,326,731 ILLINOIS STATE BOARD OF EDUCATION - $ 95,999 U.S. DEPT. OF HEALTH & HUMAN SERVICES - $ 343,702 X X X X X X X 1 LAURUS STRATEGIES 55 W MONROE STREET CHICAGO IL 60603 CONSULTING RELATED TO CAPITAL CAMPAIGN 0 479053 112645 366408 479053 112645 366408 IL ANNUAL DINNER 232105 141240 90865 90865 GOLF OUTING 93211 32874 60337 60337 325316 174114 151202 151202 151202 0 1 INSTITUTIONAL AWARDS 2749 31559150 ENDOWED AND NAMED SCHOLARSHIPS 76 425003 PART I, LINE 2: THE UNIVERSITY'S OFFICE OF FINANCIAL AID, ADMINISTERS A WIDE VARIETY OF FEDERAL, STATE, INSTITUTIONAL AND PRIVATE FINANCIAL ASSISTANCE PROGRAMS. ITS MAJOR OBJECTIVE IS THE EQUITABLE DISTRIBUTION OF FINANCIAL AID TO ALL STUDENTS. THE ORGANIZATION SERVICES IN ORDER TO HELP STUDENTS FINANCE THEIR EDUCATION. RECIPIENTS ARE DETERMINED BY ACADEMIC MERIT, AS WELL AS FEDERAL, STATE AND INSTITUTIONAL GUIDELINES. FINANCIAL AID AND SCHOLARSHIPS ARE APPLIED TOWARD TUITION CHARGES ONLY AND RECIPIENTS MUST MAINTAIN CERTAIN ELIGIBLITY REQUIREMENTS TO RECEIVE THEM. 1 X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE M WISEMAN PRESIDENT 360885 0 0 0 0 0 0 0 35542 0 396427 0 0 0 KATHLEEN RINEHART GENERAL COUNSEL 218313 0 0 0 0 0 0 0 21327 0 239640 0 0 0 GLORIA JACOBSON DEAN, SON 170649 0 0 0 0 0 0 0 24966 0 195615 0 0 0 KATHLEEN ALAIMO DEAN, CA&S 152685 0 0 0 0 0 0 0 9224 0 161909 0 0 0 PAUL DEVITO PROVOST 214998 0 0 0 0 0 0 0 10327 0 225325 0 0 0 ANGELA DURANTE PROFESSOR 150484 0 0 0 0 0 0 0 13915 0 164399 0 0 0 JOHN EBER VICE-PRESIDENT 144880 0 0 0 0 0 0 0 15110 0 159990 0 0 0 ROBERT TENCZAR VICE-PRESIDENT 136867 0 0 0 0 0 0 0 17023 0 153890 0 0 0 RAYMOND CATANIA VP CFO 240786 0 0 0 0 0 0 0 17740 0 258526 0 0 0 A ILLINOIS FINANCE AUTHORITY SERIES 2008 BONDS 861091967 45200FLH0 2008-06-25 25000000 RESIDENCE HALL CONSTRUCTION 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2006 BONDS 861091967 45200BYZ5 2006-06-08 10000000 RESIDENCE HALL CONSTRUCTION 0 0 0 A 9685000 25000000 799884 24200166 2009 0 0 1 1 B 3070000 10000000 551611 9448389 2007 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 1 B 0 X 371 ESTIMATED VALUES X 14 15123 COST BASIS X 1 10597 COST BASIS OF IRA DIST. X MISCELLANEOUS 12 21153 ESTIMATED VALUE OF I X EVENT TICKETS 7 2665 ESTIMATED VALUE OF T X VACATION SPOTS WITH ENTERTAINMENT 3 2419 ESTIMATED VALUE OF T X FOOD ITEMS 4 1521 ESTIMATED VALUE OF I X GIFT CERTIFICATES 3 115 DOLLAR VALUE OF GIFT 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 VP OF BUSINESS AND FINANCE RESIGNED IN MAY 2014. A CFO CONSULTANT WAS ENGAGED TO PERFORM THOSE DUTIES AND WAS HIRED IN A PERMANENT ROLE IN NOVEMBER 2014. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO THE AUDIT COMMITTEE IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, AND MANAGEMENT STAFF WILL ENSURE THAT CHANGES ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. COPIES OF THE DRAFT FORM 990 WILL THEN BE DISTRIBUTED TO THE BOARD OF TRUSTEES IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. BOARD MEMBERS WILL BE PROVIDED WITH AT LEAST FIVE BUSINESS DAYS TO REVIEW THE FORM. THE FORM 990 WILL BE FILED ONCE A MOTION TO APPROVE HAS BEEN PASSED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. THESE INDIVIDUALS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED ON AN ANNUAL BASIS BY ALL INTERESTED PERSONS. COMPLETED CONFLICT OF INTEREST QUESTIONAIRRES WILL BE REVIEWED BY THE ORGANIZATION'S COMPLIANCE OFFICER (OR CHAIRMAN). IF IT IS DETERMINED AN ACTUAL CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH A CONFLICT WILL BE EXCUSED FROM ANY DISCUSSION OR VOTE ON THE MATTER FOR WHICH THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY'S INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES COMPARABILITY DATA FROM COMPENSATION SURVEYS AND STUDIES TO DETERMINE, EVALUATE AND ADJUST THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PRESIDENT, ON AN ANNUAL BASIS. THE FINAL COMPENSATION PACKAGE IS SUBJECT TO THE FULL EXECUTIVE COMMITTEE'S REVIEW AND APPROVAL AND IS DOCUMENTED IN A WRITTEN EMPLOYEE CONTRACT. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION PACKAGE ARE DOCUMENTED IN THE MINUTES OF THE MEETING. COMPENSATION FOR OTHER OFFICERS (FORM 990, PART VI, SECTION B, LINE 15B): THE PRESIDENT, IN CONSULTATION WITH THE OFFICE OF HUMAN RESOURCES, SETS COMPENSATION FOLLOWING A REVIEW OF (A) COMPARABLE COMPENSATION DATA FROM SIMILIARLY SITUATED COLLEGES AND UNIVERSITIES; (B) IN RELATION TO THE NATURE AND SCOPE OF THE DUTIES ASSIGNED. THIS IS SUBSEQUENTLY APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. THE FINAL COMPENSATION PACKAGES OF THE UNIVERSITY'S OTHER OFFICERS IS DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION PACKAGES ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FACULTY COMPENSATION IS BASED ON COLLECTIVE BARGAINING AGREEMENT WHICH IS RENEWED EVERY THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: ASSET IMPAIRMENT LOSS -9,265,637. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THIS POLICY HAS NOT CHANGED FROM PRIOR YEARS.