John Cabot University
- Assets
- $50.1m
- Revenue
- $21.9m
- Investments
- $0.0
- Employees
- 370
- Location
- Founding
- 04/1998
- Data as of
- 06/2021
- EIN
- 98-0072997
Organization Overview
John Cabot University is located in null. The organization was established in 1998. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, John Cabot University employed 370 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Cabot University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, John Cabot University generated $21.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $32.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION - BACHELOR AND MASTER DEGREES - ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
JCU OFFERS AN AMERICAN FOUR-YEAR UNDERGRADUATE UNIVERSITY EDUCATION IN ENGLISH IN ITALY ONLY. JCU PROVIDED ASSISTANCE TO STUDENTS VIA 679 SCHOLARSHIPS. JCU SUPPORTED 45 AMBASSADORS PER SEMESTER DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Total Summary | Officer | 38 | $806,480 |
Mary P Merva Vice President & Dean For Academic Affairs | Officer | 38 | $0 |
Jose B Alvarez Vice President For Strategic Initiatives And Operations | Officer | 38 | $0 |
Franco Pavoncello President | Officer | 38 | $0 |
Stefano Curcuruto Director Of Finance | Officer | 38 | $0 |
Stefano Acunto Institutional Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ictsitalia Srl Security | 6/29/21 | $444,052 |
Ediltecnico Restauri Srls Construction | 6/29/21 | $313,844 |
Mamy Inc Software House | 6/29/21 | $161,803 |
Klean Soc Cop Cleaning | 6/29/21 | $156,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,836,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,836,492 |
| Total Program Service Revenue | $20,027,118 |
| Investment income | $51,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,914,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,031,434 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $868,099 |
| Compensation of current officers, directors, key employees. | $586,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,033,112 |
| Pension plan accruals and contributions | $32,418 |
| Other employee benefits | $0 |
| Payroll taxes | $2,062,857 |
| Fees for services: Management | $272,690 |
| Fees for services: Legal | $68,246 |
| Fees for services: Accounting | $128,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,731 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $755,956 |
| Office expenses | $931,264 |
| Information technology | $603,191 |
| Royalties | $0 |
| Occupancy | $2,427,562 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,423 |
| Interest | $134,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,363,284 |
| Insurance | $166,265 |
| All other expenses | $486,036 |
| Total functional expenses | $32,261,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,117,130 |
| Savings and temporary cash investments | $6,734,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $531,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,947,026 |
| Net Land, buildings, and equipment | $19,517,640 |
| Investments—publicly traded securities | $7,288,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,136,989 |
| Accounts payable and accrued expenses | $5,322,294 |
| Grants payable | $0 |
| Deferred revenue | $2,079,491 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,444,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,885,558 |
| Total liabilities | $14,732,065 |
| Net assets without donor restrictions | $28,076,398 |
| Net assets with donor restrictions | $7,328,526 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,136,989 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John Cabot University has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $6,066,824 |
| Earnings | $1,222,027 |
| Ending Balance | $7,288,851 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Allison University | $300,806,982 | $66,105,843 |
Victoria University | $655,176,000 | $66,175,309 |
John Cabot University | $50,136,989 | $21,914,757 |
Escuela De Agricultura De La Region Tropical Humeda | $149,733,803 | $29,374,979 |
Bishops University Foundation | $68,918,258 | $5,331,274 |
Trinity Western University | $5,466,709 | $1,378,332 |
Metropolitan Andrey Sheptytsky Institute Foundation | $5,590,003 | $641,724 |