Civic Intelligence

John Cabot University

EIN 98-0072997 • 501(c)3 • Rome, IT

Profile

Co-educational liberal arts & sciences education

233 Via della LungaraRome 00165It

www.johncabot.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.52x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.86x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$1,357,304

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

39th percentile

3.4%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$103,638,940

Up $3,394,343 (+3.4%) from 2023

Liabilities

Down

$53,505,352

Down $3,465,886 (-6.1%) from 2023

Net Assets

Up

$50,133,588

Up $6,860,229 (+16%) from 2023

Operations
Liabilities / Revenue69th percentileNet Margin65th percentile

Revenue

Up

$62,362,573

Up $8,492,851 (+16%) from 2023

Expenses

Up

$55,818,596

Up $6,386,613 (+13%) from 2023

Net Income

Up

$6,543,977

Up $2,106,238 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $23,392,590Liabilities 2011: $7,563,758Net Assets 2011: $15,828,8322011Assets 2012: $21,985,035Liabilities 2012: $6,799,085Net Assets 2012: $15,185,9502012Assets 2013: $24,092,644Liabilities 2013: $7,176,531Net Assets 2013: $16,916,1132013Assets 2014: $27,252,373Liabilities 2014: $8,350,929Net Assets 2014: $18,901,4442014Assets 2015: $28,156,636Liabilities 2015: $8,291,899Net Assets 2015: $19,864,7372015Assets 2016: $33,712,378Liabilities 2016: $9,200,142Net Assets 2016: $24,512,2362016Assets 2017: $49,276,424Liabilities 2017: $14,807,031Net Assets 2017: $34,469,3932017Assets 2018: $56,674,326Liabilities 2018: $15,918,508Net Assets 2018: $40,755,8182018Assets 2019: $57,617,567Liabilities 2019: $16,620,425Net Assets 2019: $40,997,1422019Assets 2020: $55,354,079Liabilities 2020: $15,575,410Net Assets 2020: $39,778,6692020Assets 2021: $50,136,989Liabilities 2021: $14,732,065Net Assets 2021: $35,404,9242021Assets 2022: $90,176,359Liabilities 2022: $56,502,150Net Assets 2022: $33,674,2092022Assets 2023: $100,244,597Liabilities 2023: $56,971,238Net Assets 2023: $43,273,3592023Assets 2024: $103,638,940Liabilities 2024: $53,505,352Net Assets 2024: $50,133,5882024

Highlighted filing

2024

Assets$103,638,940
Liabilities$53,505,352
Net Assets$50,133,588
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2011: $23,673,769Expenses 2011: $22,488,283Net Income 2011: $1,185,4862011Expenses 2012: $26,456,2562012Expenses 2013: $27,281,4572013Revenue 2014: $32,487,619Expenses 2014: $31,503,765Net Income 2014: $983,8542014Revenue 2015: $34,679,246Expenses 2015: $30,626,509Net Income 2015: $4,052,7372015Revenue 2016: $35,504,950Expenses 2016: $30,788,099Net Income 2016: $4,716,8512016Revenue 2017: $40,900,565Expenses 2017: $33,958,938Net Income 2017: $6,941,6272017Revenue 2018: $45,474,350Expenses 2018: $40,535,632Net Income 2018: $4,938,7182018Revenue 2019: $46,948,486Expenses 2019: $43,780,022Net Income 2019: $3,168,4642019Revenue 2020: $41,882,632Expenses 2020: $40,882,260Net Income 2020: $1,000,3722020Revenue 2021: $21,914,757Expenses 2021: $32,261,302Net Income 2021: -$10,346,5452021Revenue 2022: $46,244,647Expenses 2022: $42,663,648Net Income 2022: $3,580,9992022Revenue 2023: $53,869,722Expenses 2023: $49,431,983Net Income 2023: $4,437,7392023Revenue 2024: $62,362,573Expenses 2024: $55,818,596Net Income 2024: $6,543,9772024

Highlighted filing

2024

Revenue$62,362,573
Expenses$55,818,596
Net Income$6,543,977
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,638,940
Liabilities
$53,505,352
Net assets
$50,133,588
Revenue
$62,362,573
Expenses
$55,818,596
Net income
$6,543,977
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$104$53.5$50.1$62.4$55.8$6.54
2023Detailed filing. Detailed filing data is available for this year.$100$57.0$43.3$53.9$49.4$4.44
2022Detailed filing. Detailed filing data is available for this year.$90.2$56.5$33.7$46.2$42.7$3.58
2021Detailed filing. Detailed filing data is available for this year.$50.1$14.7$35.4$21.9$32.3$10.3
2020Detailed filing. Detailed filing data is available for this year.$55.4$15.6$39.8$41.9$40.9$1.00
2019Detailed filing. Detailed filing data is available for this year.$57.6$16.6$41.0$46.9$43.8$3.17
2018Detailed filing. Detailed filing data is available for this year.$56.7$15.9$40.8$45.5$40.5$4.94
2017Detailed filing. Detailed filing data is available for this year.$49.3$14.8$34.5$40.9$34.0$6.94
2016Detailed filing. Detailed filing data is available for this year.$33.7$9.20$24.5$35.5$30.8$4.72
2015Detailed filing. Detailed filing data is available for this year.$28.2$8.29$19.9$34.7$30.6$4.05
2014Detailed filing. Detailed filing data is available for this year.$27.3$8.35$18.9$32.5$31.5$0.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$7.18$16.9$27.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$6.80$15.2$26.5
2011Summary only. Only limited summary data is available for this year.$23.4$7.56$15.8$23.7$22.5$1.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$62,362,573
Mission and Program Overview

Mission

Co-educational liberal arts & sciences education

Higher Education - Bachelor and Master degrees - accredited by the Middle States Commission on Higher Education; Professional and Continuing Education Programs and Courses

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,222,848$22,044,496▲ $4,821,648
Land, Buildings, and Equipment, Net$20,178,730$21,216,549▲ $1,037,819
Investments in Publicly Traded Securities$7,108,173$8,219,691▲ $1,111,518
Savings and Temporary Cash Investments$6,811,635$6,757,982▼ $53,653
Prepaid Expenses and Deferred Charges$5,374,188$6,322,939▲ $948,751
Accounts Receivable$2,094,901$1,661,809▼ $433,092
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$100,244,597$103,638,940▲ $3,394,343
Other Assets Total$41,454,122$37,415,474▼ $4,038,648
Liabilities
Other Liabilities$45,652,115$41,968,353▼ $3,683,762
Accounts Payable and Accrued Expenses$5,132,248$4,884,036▼ $248,212
Deferred Revenue$2,523,222$3,450,404▲ $927,182
Mortgage Notes Payable Secured by Investment Property$3,663,653$3,202,559▼ $461,094
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$56,971,238$53,505,352▼ $3,465,886
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,367,151$43,292,216▲ $6,925,065
Net Assets With Donor Restrictions$6,906,208$6,841,372▼ $64,836
Total Net Assets Fund Balance$43,273,359$50,133,588▲ $6,860,229
Total Liabilities and Net Assets / Fund Balance$100,244,597$103,638,940▲ $3,394,343

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,804,927$6,133,323$13,938,250
Equipment$1,284,561$5,611,054$6,895,615
Other Land Buildings$1,256,804$3,360,595$4,617,399
Buildings$8,698,052$2,768,417$0
Land$2,172,205-$0
Other Assets Org$37,415,474--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,108,173$0▲ $1,111,518$0$8,219,691
2022$6,339,784$0▲ $768,389$0$7,108,173
2021$7,288,851$0▼ $949,067$0$6,339,784
2020$6,066,824$0▲ $1,222,027$0$7,288,851
2019$5,591,069$0▲ $475,755$0$6,066,824
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TotalSummaryFT$1,278,621$78,683$1,357,304

Board Members and Trustees

NameTitle
Sal SalibelloChairman, Board of Trustees
Franco PavoncelloPresident
Frank J DesiderioVice Chairman, Board of Trustees
Portia Anne PrebysVice Chairman, Board of Trustees
Mary P MervaVice President & Dean for Academic Affairs
Jose B AlvarezVice President for Strategic Initiatives and Operations
Stefano CurcurutoDirector of Finance
Alexander MirabellaInstitutional Trustee
Alexandria J MaloneyInstitutional Trustee
Ali Reza ArabniaInstitutional Trustee
Amalia MazzolinInstitutional Trustee
Angelo J GenovaInstitutional Trustee
Angelo VivoloInstitutional Trustee
Braden SmithInstitutional Trustee
Carol M MaurerInstitutional Trustee
Francesco RuspoliInstitutional Trustee
Frank FeketeInstitutional Trustee
Frank J GuariniInstitutional Trustee
Frederick VreelandInstitutional Trustee
James ColucciInstitutional Trustee
John MeditzInstitutional Trustee
John T DunlapInstitutional Trustee
Joseph A Panepinto SrInstitutional Trustee
Kem TurnerInstitutional Trustee
Kristin Frohring KushlanFinkelsteinInstitutional Trustee
Lucio GhiaInstitutional Trustee
Munr KazmirInstitutional Trustee
Paula FrohringInstitutional Trustee
Richard Joseph WolffInstitutional Trustee
Robert Leon BulyInstitutional Trustee
Robert RobottiInstitutional Trustee
Rosemary AlitoInstitutional Trustee
Stefano AcuntoInstitutional Trustee
Steve MenziesInstitutional Trustee
Vivian CardiaInstitutional Trustee
William A CavendishInstitutional Trustee
William J MartiniInstitutional Trustee
James GardnerAssociate Professor
Stefano ArnoneDean of Academic Affairs

Highest Paid Contractors

ContractorServicesLocationCompensation
ICTSItalia SrlSecurityBoston, Boston, MA 02284-5588, It$995,458
Ediltecnico Restauri SRLSConstructionVia dei Carraresi 18, Roma, It$944,017
klean Soc CopCleaningVia Siria 24, Roma, It$492,610
Jenzabar IncSoftware HouseVia Darwin 48, Rome, It$397,459
Micor SrlConstruction-$350,623
Revenue and Support

Revenue Composition

Contributions and Grants
$1,936,237
Program Service Revenue
$59,423,650
Investment Income
$1,002,686
Other Revenue
$0
All Other Contributions
$1,936,237
Change in Net Assets
$6,543,977

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$113,424Selling Price
Total Noncash Contributions2$113,424-

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,332,809
Revenue Not Reported on Financial Statements
$11,029,764
Revenue Not Reported on Form 990
$202,516
Other Revenue Adjustments
$11,029,764
Total Revenue per Audited Statements
$51,535,325
Total Revenue per Form 990
$62,362,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,849,453
Salaries, Compensation, and Employee Benefits$21,905,777
Grants and Similar Amounts Paid$10,877,721
Total Fundraising Expense$271,304
Professional Fundraising Fees$185,645

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,483,137$3,370,784$0$16,853,921
Foreign Grants$10,877,721--$10,877,721
Payroll Taxes$2,909,173$727,293$0$3,636,466
Occupancy$2,838,412$709,603$0$3,548,015
Depreciation Depletion$1,793,194$448,298$0$2,241,492
Office Expenses$786,578$786,578$0$1,573,156
Current Officers, Directors, Trustees, and Key Employees$305,958$965,686$85,659$1,357,303
Information Technology$947,411$105,268$0$1,052,679
Advertising$906,387$100,710$0$1,007,097
Other Expenses$878,644$0$0$878,644
Conferences and Meetings$540,177$135,044$0$675,221
Fees for Services Management$75,251$301,003$0$376,254
Insurance$209,191$52,298$0$261,489
Fees for Services Accounting$67,084$156,530$0$223,614
Fees for Services Legal$44,484$177,935$0$222,419
Fees for Services Professional Fundraising--$185,645$185,645
Interest$99,524$11,058$0$110,582
All Other Expenses$87,885$0$0$87,885
Pension Plan Contributions$46,470$11,617$0$58,087
Travel$7,450$7,450$0$14,900
Total Functional Expenses$47,480,137$8,067,155$271,304$55,818,596

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$55,818,596
Expenses per Audited Statements$44,852,993
Total Expenses per Audited Statements$44,852,993
Expenses Not Reported on Financial Statements$10,965,603
Other Expense Adjustments$10,965,603
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
548
Spending
$55,373,577

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program ServicesDaily operations of the University1548$55,373,577
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$185,645
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right Of Use$38,147,078
Fund For Deferred Compensation (TFR)$3,821,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Minutes are taken.”

Form 990, Part VI, Section B, Line 11B

“The policy on COI is not available to the public, but only to employees of the organization, the Board of Trustees and auditors.”

Form 990, Part VI, Section B, Line 12C

“The policy on conflict of interest is specified in the employment manual. To avoid a COI the university has a separation of duties and powers and a proper bidding process for purchases exceeding a specific dollar amount.”

Form 990, Part VI, Section B, Line 15

“Details have been included in schedule O.”

Form 990, Part VI, Section C, Line 19

“A copy of the form 990 was not provided to the university's Board of Trustees prior to filing. The Director of Finance reviews it with the President, who signs the return prior to filing. JCU has established a Conflict of Interest policy which has been reviewed and approved by the Board of Trustees. While JCU's Board of Trustees is not currently required to sign an annual statement that they are free from conflicts of interest, as part of their position on the Board they are expected to disclose to the university and the remainder of the Board participation in any activities or circumstances that may present a conflict of interest as soon as they become aware of it. JCU does not make its governing documents, conflict of interest policy or financial statements available to the public. The salary of the President has been decided by a Board Commitee. The salary of the Directors and key employees is decided by the President. The company philosophy is to match the market on average pay, identifying the median.”

Filing and Contact Details

Filer

Filer Name
John Cabot University
EIN
98-0072997
Phone
8664576160
Address
IT

Signing Officer

Name
Franco Pavoncello
Title
President
Phone
8664576160
Signed
2025-05-12

Organization Details

Principal Officer
Franco Pavoncello
Formed
1972
Legal Domicile
De
Voting Board Members
33
Independent Board Members
33
Employees
561
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

“Amended Part V line 2a, Part VI line 1a,1b, Schedule F Part line 3.1, schedule O part V line 2a”

Form 990, Part V, Line 2A

“The total number of US employees that received a W2 form is 18, the total number of non US employees not reported with the W3 form is 543 as they received the Italian tax form (CU) and therefore do not need to report their earnings in the US.”

Form 990, Part XI, Line 9

“The difference of USD 587,324 in change in net assets is due to the EUR recalculation of the assets at the June 30 2024 exchange rate.”

Financial Statement Notes

Schedule D, Part V, Line 4

“Fund for scholarships for students”

Schedule D, Part XI, Line 4B

“USD 152,043 contribution to partially restricted funds; USD 10,877,721 expenses netted against revenues (scholarships and other reductions)”

Schedule D, Part XII, Line 4B

“USD 10,877,721 expenses netted against revenues (scholarships and other reductions); USD 87,882 foreign currency translation loss on operations”

Raw XML AppendixShowing 400 of 1,047 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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