John Carroll University

EIN: 340714681 501(c)(3) Education

UNIVERSITY HEIGHTS, OH

Total Revenue
$187,965,161
Total Expenses
$178,695,767
Total Assets
$629,703,784
Net Assets
$421,658,733
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1886
Legal Domicile
OH
Phone
2163971886
Tax Period
2024-06-01 to 2025-05-31

John Carroll University, founded in 1886, is a major nonprofit in the Education sector that reported $188.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $178.7M left a modest 5% surplus.

Mission

AS A JESUIT CATHOLIC UNIVERSITY COMMITTED TO ACADEMIC RIGOR, INCLUSIVE EXCELLENCE, AND CARE FOR THE WHOLE PERSON, JOHN CARROLL UNIVERSITY INSPIRES INDIVIDUALS OF INTELLECT AND CHARACTER TO LEARN, LEAD AND SERVE IN THE COMMUNITY AND THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $166,379,238 Revenue: $143,373,447

FROM ITS MODEST ORIGIN IN 1886 AS SAINT IGNATIUS COLLEGE ON CLEVELAND'S NEAR WEST SIDE, JOHN CARROLL TODAY IS WIDELY RECOGNIZED AS A TRANSFORMATIVE UNIVERSITY THAT EXCELS IN UNDERGRADUATE AND...

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FROM ITS MODEST ORIGIN IN 1886 AS SAINT IGNATIUS COLLEGE ON CLEVELAND'S NEAR WEST SIDE, JOHN CARROLL TODAY IS WIDELY RECOGNIZED AS A TRANSFORMATIVE UNIVERSITY THAT EXCELS IN UNDERGRADUATE AND POST-GRADUATE EDUCATION, ATTRACTING STUDENTS FROM 29 STATES AND 19 COUNTRIES. THE UNIVERSITY STRIVES TO DEVELOP EACH STUDENT AS A WHOLE PERSON - MIND, BODY, AND SOUL. AT THE SAME TIME, STUDENTS ARE CHALLENGED TO MAKE A DIFFERENCE IN THE WORLD THROUGH LEADERSHIP AND SERVICE. AS A JESUIT CATHOLIC UNIVERSITY, JOHN CARROLL OFFERS A RIGOROUS EDUCATION BASED ON A WELL-DEVELOPED LIBERAL ARTS CORE CURRICULUM, INCLUDING A VARIETY OF ACADEMIC PROGRAMS IN THE ARTS AND SCIENCES, AND EDUCATION. U.S. NEWS AND WORLD REPORT ANNUALLY RANKS JOHN CARROLL AMONG THE TOP 5 UNIVERSITIES IN THE MIDWEST THAT GRANT MASTER'S DEGREES, AND THE UNIVERSITY'S JOHN M. AND MARY JO BOLER COLLEGE OF BUSINESS HOLDS DUAL AACSB ACCREDITATION - AN INTERNATIONAL DISTINCTION AWARDED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS PLACING IT IN THE TOP FIVE PERCENT OF BUSINESS SCHOOLS WORLDWIDE. A BLOOMBERG BUSINESSWEEK SURVEY OF EMPLOYERS RANKED THE BOLER SCHOOL OF BUSINESS NUMBER ONE IN THE NATION IN PREPARING STUDENTS FOR CAREERS. JOHN CARROLL CONSISTENTLY RANKS AS ONE OF THE TOP SCHOOLS IN THE MIDWEST FOR RETENTION RATES AND GRADUATION RATES, WHICH SIGNIFICANTLY EXCEEDS U.S. AND OHIO AVERAGES. THE UNIVERSITY'S 13:1 STUDENT/FACULTY RATIO ENSURES INDIVIDUAL ATTENTION AND AN INTERACTIVE EXPERIENCE. 85% OF ALL CLASSES HAVE FEWER THAN 30 STUDENTS WITH NO CLASS EXCEEDING 50 STUDENTS. THE UNIVERSITY EDUCATED 2,287 UNDERGRADUATE STUDENTS AND 486 GRADUATE STUDENTS; OFFERED 43 BACHELOR DEGREE MAJORS AND 22 GRADUATE SCHOOL PROGRAMS; AND CONFERRED 616 BACHELOR AND 226 MASTERS DEGREES IN THE 2024-2025 ACADEMIC YEAR. JOHN CARROLL IS RECOGNIZED FOR EXCELLENT RETENTION AND GRADUATION RATES. 85% OF JCU FRESHMEN RETURN AS SOPHOMORES, AND 69% OF JCUUNDERGRADS RECEIVE THEIR BACHELOR'S DEGREES IN FOUR YEARS, COMPARED WITH 53% OF OTHER FOUR-YEAR PRIVATE SCHOOLS NATIONWIDE, AND 33% OF FOUR-YEAR PUBLIC SCHOOLS. JOHN CARROLL UNIVERSITY HAS BEEN NAMED TO THE PRESIDENT'S HIGHER EDUCATION COMMUNITY SERVICE HONOR ROLL MULTIPLE TIMES. SERVICE TO OTHERS IS A DEFINING ELEMENTOF THE UNIVERSITY, WHERE MORE THAN TWO THIRDS OF THE STUDENT BODY PARTICIPATE IN SERVICE ACTIVITIES. STUDENTS HAVE MANY OPPORTUNITIES TO ENGAGE WITH THE LOCAL COMMUNITY FROM THE TIME THEY ARE FRESHMEN. OUR STUDENTS LEARN FROM DISTINGUISHED FACULTY WHO ARE EXPERTS IN THEIR RESPECTIVE FIELDS. 98% OF OUR 143 FULL-TIME TEACHING FACULTY MEMBERS HOLD DOCTORAL DEGREES OR THE TERMINAL DEGREE IN THEIR FIELD; NINE ARE FULBRIGHT FELLOWS. THE MAJORITY OF OUR FACULTY HAVE PUBLISHED BOOKS, ARTICLES, OR RECEIVED RESEARCH GRANTS IN THE PAST TWO YEARS. THE UNIVERSITY'S VARSITY SPORTS TEAMS COMPETE AT THE NCAA DIVISION III INTERCOLLEGIATE LEVEL AND HAVE WON OVER 100 LEAGUE TITLES AND HAVE PLACED AMONG THE TOP 10 DIVISION III SCHOOLS IN THE NATION ON SEVERAL OCCASIONS. MORE THAN 100 VARSITY ATHLETES HAVE BEEN NAMED DIVISION III ALL-AMERICANS WITH OVER 20 INDIVIDUAL NATIONAL CHAMPIONS, THREE NATIONAL PLAYERS OF THE YEAR AND ONE ACADEMIC ALL-AMERICAN OF THE YEAR. NEARLY 500 UNDERGRADUATES PARTICIPATE IN 24 VARSITY MEN'S AND WOMEN'S SPORTS. STUDENTS ALSO HAVE ACCESS TO INTRAMURAL SPORTS, CLUB SPORTS, AND OTHER FITNESS AND RECREATIONAL ACTIVITIES. JOHN CARROLL UNIVERSITY WELCOMES STUDENTS AND FACULTY FROM DIFFERENT RELIGIOUS BACKGROUNDS AND VALUE SYSTEMS IN THE BELIEF THAT THE EDUCATIONAL ENVIRONMENT WHICH THE UNIVERSITY PROVIDES IS ONE WHICH THESE STUDENTS AND FACULTY MAY FIND CONGENIAL, REWARDING, AND ENRICHED BY THEIR PRESENCE. WITHIN THIS ENVIRONMENT THERE IS CONCERN FOR THE HUMAN AND SPIRITUAL DEVELOPMENTAL NEEDS OF THE STUDENTS AND A DEEP RESPECT FOR THE FREEDOM AND DIGNITY OF THE HUMAN PERSON. A FACULTY NOT ONLY PROFESSIONALLY QUALIFIED, BUT ALSO STUDENT ORIENTED, CONSIDERS EXCELLENCE IN INTERPERSONAL RELATIONSHIPS AS WELL AS ACADEMIC ACHIEVEMENT AMONG ITS PRIMARY GOALS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,210,532
Program Service Revenue $143,373,447
Investment Income $14,487,037
Other Revenue $-1,105,855
TOTAL REVENUE $187,965,161

Expense Breakdown

Grants Paid $66,351,359
Salaries & Benefits $56,301,735
Fundraising Expenses $3,161,241
Program Expenses $166,379,238
Other Expenses $56,042,673
TOTAL EXPENSES $178,695,767

Year-over-Year Comparison

2024 2023 Change
Revenue $187,965,161 $171,061,424 +0.1%
Expenses $178,695,767 $170,861,188 +0.0%
Net Income $9,269,394 $200,236 +45.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
58
Independent Members
54
Employees
1840
Volunteers
812

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,695,010
Total Directors
58
$487,196
Key Employees
2
$513,262
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Miciak President 50.0
Officer Director
$444,376 $42,820 $487,196
Nancy Benacci Vice Chair of Board 1.0
Officer Director
$0 $0 $0
William Bill Donnelly Chair of Board 1.0
Officer Director
$0 $0 $0
Alex Schmitt Director 1.0
Director
$0 $0 $0
Ann Chiarucci O'Brien Director 1.0
Director
$0 $0 $0
Annmarie Lyons Director 1.0
Director
$0 $0 $0
Anthony Tony Mazzella Director 1.0
Director
$0 $0 $0
Anthony Tony Tricarichi Director 1.0
Director
$0 $0 $0
Ara Bagdasarian Director 1.0
Director
$0 $0 $0
Barbara Barb Brown Director 1.0
Director
$0 $0 $0
Barbara Duganier Director 1.0
Director
$0 $0 $0
Bill Gagliano Director 1.0
Director
$0 $0 $0
Brian Mortellaro Director 1.0
Director
$0 $0 $0
Bruce Jarosz Director 1.0
Director
$0 $0 $0
Bruce Luecke Director 1.0
Director
$0 $0 $0
Carol Simon Director 1.0
Director
$0 $0 $0
Christine Chris Kramer Director 1.0
Director
$0 $0 $0
Christopher Chris Gessner Director 1.0
Director
$0 $0 $0
Daniel Dan Sansone Director 1.0
Director
$0 $0 $0
David Dave Robinson Director 1.0
Director
$0 $0 $0
Edward Ed Cooper III Director 1.0
Director
$0 $0 $0
Eric Beck Director 1.0
Director
$0 $0 $0
F Michael Mike Covey III Director 1.0
Director
$0 $0 $0
George Sample Director 1.0
Director
$0 $0 $0
Gregory Greg Skoda Director 1.0
Director
$0 $0 $0
Gregory Gregg Muresan Director 1.0
Director
$0 $0 $0
Hal Hawk Director 1.0
Director
$0 $0 $0
Harley Magden Director 1.0
Director
$0 $0 $0
Holly Perzy Director 1.0
Director
$0 $0 $0
Howard Hoddy Hanna III Director 1.0
Director
$0 $0 $0
Irwin Haber Director 1.0
Director
$0 $0 $0
James Jim Coyne Director 1.0
Director
$0 $0 $0
James Jim Meathe Director 1.0
Director
$0 $0 $0
James Jim Moses Director 1.0
Director
$0 $0 $0
James Jim Myers Director 1.0
Director
$0 $0 $0
James Jim Winchester Jr Director 1.0
Director
$0 $0 $0
Jane Lambesis Director 1.0
Director
$0 $0 $0
Jason Therrien Director 1.0
Director
$0 $0 $0
Jeffrey Jeff Paravano Director 1.0
Director
$0 $0 $0
John Dempsey Director 1.0
Director
$0 $0 $0
John Mastrantoni Director 1.0
Director
$0 $0 $0
Linda Meglin Director 1.0
Director
$0 $0 $0
Lisa Zone Director 1.0
Director
$0 $0 $0
London Fletcher Director 1.0
Director
$0 $0 $0
Michael Mike Keresman III Director 1.0
Director
$0 $0 $0
Michael Petras Director 1.0
Director
$0 $0 $0
Paul Voinovich Director 1.0
Director
$0 $0 $0
Rev Kevin Embach SJ Director 1.0
Director
$0 $0 $0
Rev Lukas Laniauskas SJ Director 1.0
Director
$0 $0 $0
Rev Martin Marty Connell SJ Director 1.0
Director
$0 $0 $0
Rev Nicholas Nicky Santos SJ Director 1.0
Director
$0 $0 $0
Richard Rick Adams Director 1.0
Director
$0 $0 $0
Rita Carroll Director 1.0
Director
$0 $0 $0
Ronald Ron Deneweth Director 1.0
Director
$0 $0 $0
Sean Nolan Director 1.0
Director
$0 $0 $0
Susan Mullaney Director 1.0
Director
$0 $0 $0
Timothy Tim Cavanagh Director 1.0
Director
$0 $0 $0
Victor Alexander Director 1.0
Director
$0 $0 $0
Bonnie Gunzenhauser Vice President of Academic Affairs 50.0
Officer
$277,417 $27,459 $304,876
Colleen Treml General Counsel 50.0
Officer
$202,169 $13,408 $215,577
Michael Scanlan Vice President of University Advancement 50.0
Officer
$181,116 $21,102 $202,218
Richard Daly VP for University Advancement (END 8/2024) 50.0
Officer
$181,047 $28,843 $209,890
Robert Connors VP Finance & Administration 50.0
Officer
$232,833 $42,420 $275,253
Edward Peck VP for Univ Mission & Identity 50.0
Key Emp
$145,287 $37,471 $182,758
Melissa Cole Dean of the College of Health 50.0
Key Emp
$284,803 $45,701 $330,504
Brian Polian Vice President for Athletics and National Engagement 50.0
Highest
$214,920 $40,987 $255,907
Carolyn Sorg Vice President of Enrollment and Marketing 50.0
Highest
$204,268 $13,820 $218,088
Elad Granot DEAN OF BOLER COLLEGE 40.0
Highest
$232,022 $42,362 $274,384
Joanna Garcia Associate Professor 40.0
Highest
$207,888 $30,046 $237,934
William Elliott Professor 40.0
Highest
$232,050 $35,145 $267,195
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $187,965,161 $178,695,767 $629,703,784 $9,269,394
2024 $171,061,424 $170,861,188 $602,686,700 $200,236
2023 $162,256,083 $169,327,281 $584,327,156 $-7,071,198
2022 $177,797,670 $173,064,724 $596,841,319 $4,732,946
2021 $169,000,340 $167,105,420 $528,656,336 $1,894,920
2020 $162,621,372 $170,251,920 $446,118,566 $-7,630,548
2019 $169,999,196 $168,457,169 $446,918,278 $1,542,027
2018 $174,959,907 $166,584,924 $452,353,927 $8,374,983
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