American University Of Rome
- Assets
- $5.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 05/1971
- Data as of
- 06/2021
- EIN
- 23-7110060
Organization Overview
American University Of Rome is located in Washington, DC. The organization was established in 1971. 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, American University Of Rome employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American University Of Rome 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, American University Of Rome generated $6.7m 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 (8.0%) each year. All expenses for the organization totaled $8.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL: TO ESTABLISH, OPERATE, MAINTAIN AND MAKE KNOWN AN AMERICAN COLLEGE AND UNIVERSITY IN THE CITY OF ROME, ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Sprenger President (from 7/20) | Officer | 40 | $56,250 |
Frank Placenti Acting Secretary | OfficerTrustee | 7 | $0 |
Robert J Krapf Chair | OfficerTrustee | 10 | $0 |
Neil Boyden Tanner Vice-Chair | OfficerTrustee | 7 | $0 |
Esther Barazzone Trustee | Trustee | 4 | $0 |
Mark Damato Trustee (until 6/21) | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aurora Service Srl - Via Antonio Student Housing Cleaning & Maint. | 6/29/15 | $606,674 |
Abroad Housing University Llc Student Housing Cleaning & Maint. | 6/29/15 | $394,552 |
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 | $400,168 |
| Noncash contributions included in lines 1a–1f | $10,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,168 |
| Total Program Service Revenue | $6,307,946 |
| Investment income | $1,691 |
| 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 | $6,709,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,133 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,038,172 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,657 |
| Compensation of current officers, directors, key employees. | $83,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,178,042 |
| Pension plan accruals and contributions | $204,808 |
| Other employee benefits | $95,932 |
| Payroll taxes | $608,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,803 |
| Fees for services: Accounting | $55,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,252 |
| Advertising and promotion | $280,455 |
| Office expenses | $295,873 |
| Information technology | $397,028 |
| Royalties | $0 |
| Occupancy | $1,141,440 |
| Travel | $12,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,075 |
| Interest | $19,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,173 |
| Insurance | $149,757 |
| All other expenses | $121,049 |
| Total functional expenses | $8,594,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,051 |
| Savings and temporary cash investments | $3,408,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,245 |
| 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 | $295,628 |
| Net Land, buildings, and equipment | $327,588 |
| Investments—publicly traded securities | $593,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,880 |
| Other assets | $84,312 |
| Total assets | $5,091,812 |
| Accounts payable and accrued expenses | $2,629,258 |
| Grants payable | $0 |
| Deferred revenue | $710,975 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $807,788 |
| Total liabilities | $4,148,021 |
| Net assets without donor restrictions | $739,854 |
| Net assets with donor restrictions | $203,937 |
| 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 | $5,091,812 |
Grants Awarded
Over the last fiscal year, American University Of Rome has awarded $106,540 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIM COLLEGE PURPOSE: SCHOLARSHIPS/STUDY ABROAD PROGRAM | $37,817 |
LIM COLLEGE PURPOSE: SCHOLARSHIPS/STUDY ABROAD PROGRAM | $37,817 |
College Park, MD PURPOSE: SCHOLARSHIPS/STUDY ABROAD PROGRAM | $15,453 |
College Park, MD PURPOSE: SCHOLARSHIPS/STUDY ABROAD PROGRAM | $15,453 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American University Of Rome has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
United Charitable Ashburn, VA PURPOSE: EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
American University Of Rome Washington, DC | $5,091,812 | $6,709,805 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Virginia University Of Lynchburg Inc Lynchburg, VA | $13,241,169 | $8,139,477 |
Radford University Foundation Inc Radford, VA | $119,642,152 | $17,210,656 |
Norfolk State University Foundation Inc Norfolk, VA | $104,193,941 | $9,651,381 |
Frostburg State University Foundation Frostburg, MD | $41,155,383 | $7,754,148 |
Washington University Of Virginia Inc Annandale, VA | $9,098,373 | $3,341,736 |
University Of Dc Foundation Washington, DC | $16,289,548 | $3,770,267 |
The George Mason University Instructional Foundation Inc Fairfax, VA | $15,263,812 | $1,880,527 |
Atlantic University Virginia Beach, VA | $599,474 | $468,916 |