Intercollegiate Center For Classical Studies

EIN: 830406747 501(c)(3) Education

Brentwood, TN

Total Revenue
$8,060,670
Total Expenses
$2,791,559
Total Assets
$19,837,716
Net Assets
$17,902,428
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TN
Principal Officer
JEREMY HARTNETT
Phone
9082565045
Tax Period
2024-07-01 to 2025-06-30

Intercollegiate Center For Classical Studies, founded in 2004, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 65% operating margin.

Mission

THE INTERCOLLEGIATE CENTER FOR CLASSICAL STUDIES IN ROME PROVIDES UNDERGRADUATE STUDENTS WITH AN IMMERSIVE, ACADEMICALLY RIGOROUS STUDY ABROAD PROGRAM IN CLASSICAL STUDIES, OFFERING UNPARALLELED ACCESS TO THE ANCIENT WORLD THROUGH SITE-BASED LEARNING THAT INTEGRATES HISTORY, LITERATURE, LANGUAGE, ARCHAEOLOGY, AND ART.

Program Service Accomplishments

Program 1
Expenses: $1,926,974 Revenue: $2,781,879

The Intercollegiate Center for Classical Studies ("the Centro") is a premier academic program based in Rome, Italy, offering undergraduate students from North American colleges and universities a...

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The Intercollegiate Center for Classical Studies ("the Centro") is a premier academic program based in Rome, Italy, offering undergraduate students from North American colleges and universities a rigorous, place-based curriculum in ancient history, archaeology, Greek and Latin literature, cultural heritage management, the Italian language, and Renaissance and Baroque art. Founded in 1965 and incorporated as a nonprofit in 2004, the Centro celebrated 60 years of immersive classical education in 2025. To date, over 3,500 students have participated in this life-changing experience, many of whom describe their time at the Centro as foundational to their personal and intellectual development. Alumni have gone on to careers in education, public service, academia, the arts, and beyond-often crediting the Centro for instilling in them a deeper understanding of culture, critical thinking, and global awareness. What sets the Centro apart is its interdisciplinary and place-based approach: students learn directly within Rome's extraordinary historical landscape, engaging daily with iconic archaeological and artistic landmarks under the guidance of leading scholars from top U.S. institutions. The program combines academic rigor with experiential learning, making full use of Rome's status as a living classroom. Each semester, the Centro serves a new cohort of students, supported by tuition, student fees, contributions, and summer housing revenue. As the only program of its kind, the Centro continues to thrive as a model of excellence in the humanities and remains deeply committed to cultivating the next generation of global, historically-informed leaders.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,088,734
Program Service Revenue $2,781,879
Investment Income $2,190,057
Other Revenue $0
TOTAL REVENUE $8,060,670

Expense Breakdown

Grants Paid $148,182
Salaries & Benefits $1,399,333
Fundraising Expenses $110,879
Program Expenses $1,926,974
Other Expenses $1,244,044
TOTAL EXPENSES $2,791,559

Year-over-Year Comparison

2024 2023 Change
Revenue $8,060,670 $4,166,150 +0.9%
Expenses $2,791,559 $2,839,358 0.0%
Net Income $5,269,111 $1,326,792 +3.0%
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
N/A
Independent Members
N/A
Employees
4
Volunteers
N/A

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
3
$341,738
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Franco Sgariglia Director Italian Program 40.0
Officer
$180,835 $16,903 $197,738
Giuseppina Vallefuoco Facility manager 40.0
Highest
$140,929 $13,619 $154,548
Sonia Sabnis Professor in Charge 40.0
Officer
$144,000 $0 $144,000
Rachel Meyers Assistant professor 40.0
Highest
$103,501 $0 $103,501
JEREMY HARTNETT CHAIR 0.0
Officer Director
$0 $0 $0
TIM O'SULLIVAN BOARD MEMBER 0.0
Director
$0 $0 $0
AMANDA WILCOX BOARD MEMBER 0.0
Director
$0 $0 $0
Emma Scioli BOARD MEMBER 0.0
Director
$0 $0 $0
Molly Pasco-Pranger BOARD MEMBER 0.0
Director
$0 $0 $0
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 $8,060,670 $2,791,559 $19,837,716 $5,269,111
2024 $4,166,150 $2,839,358 $14,892,605 $1,326,792
2023 $3,335,237 $2,578,059 $13,372,126 $757,178
2022 $3,220,383 $2,671,493 $11,967,072 $548,890
2021 $1,045,774 $1,930,520 $14,265,747 $-884,746
2020 $2,142,422 $2,352,340 $12,907,582 $-209,918
2019 $2,923,530 $2,566,442 $12,571,791 $357,088
2018 $3,081,910 $2,694,909 $12,377,880 $387,001
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