FRANKLIN UNIVERSITY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- FRANKLIN UNIVERSITY (EIN 31-0707369)
- Tax period
- 2024-08-01 to 2025-07-31
- Filed
- 2026-06-03
- IRS object ID
- 202601549349301375
- Schema version
- 2024v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-06-03T12:54:49-07:00 | ReturnTs |
| Tax Period End | 2025-07-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 310707369 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANKLIN UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRAN | BusinessNameControlTxt |
| Phone | 6149476002 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 South Grant Avenue | AddressLine1Txt |
| City | Columbus | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 432155399 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Marv Briskey | PersonNm |
| Person Title | Treasurer/CFO | PersonTitleTxt |
| Phone | 6149476002 | PhoneNum |
| Signature | 2026-06-12 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Dr David Decker | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 South Grant Avenue | AddressLine1Txt |
| City | Columbus | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 432155399 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $302,174,502 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.franklin.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1964 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | Franklin University is a student-centered, nonprofit, independent institution providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 1297 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,121,897 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,031,611 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $85,911,440 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $97,755,369 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,901,933 | PYInvestmentIncomeAmt |
| CY Investment Income | $12,704,537 | CYInvestmentIncomeAmt |
| PY Other Revenue | $764,599 | PYOtherRevenueAmt |
| CY Other Revenue | $468,656 | CYOtherRevenueAmt |
| PY Total Revenue | $94,699,869 | PYTotalRevenueAmt |
| CY Total Revenue | $111,960,173 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,117,951 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $13,544,902 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $54,360,597 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $59,909,448 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $181,476 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,677,902 | PYOtherExpensesAmt |
| CY Other Expenses | $25,618,167 | CYOtherExpensesAmt |
| PY Total Expenses | $89,156,450 | PYTotalExpensesAmt |
| CY Total Expenses | $99,072,517 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,543,419 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,887,656 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $143,856,355 | TotalAssetsBOYAmt |
| Total Assets EOY | $151,440,069 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,872,039 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $24,308,091 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $116,984,316 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $127,131,978 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Since 1902, Franklin University has been a pioneer in meeting the needs of adult students who have the ambition to continue their education in combination with other responsibilities, receiving its status as a tax exempt organization in 1964. As a learner-centered institution of higher education, the four cornerstones of the Franklin educational philosophy are (a) Ensuring academic quality (b) Providing equal access to educational opportunities (c) Adapting to the needs of students (d) Responding to changes in society, professions, and the business community. Franklin continuously seeks and appreciates strategic partner relationships that support our learning environment and experiences of our students. Investments from strategic partners may include contributions for student scholarships as well as contributions to enhance program offerings, facilities, and technology. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $83,549,819 | ExpenseAmt |
| Grant | $13,544,902 | GrantAmt |
| Revenue | $97,755,369 | RevenueAmt |
| Desc | Franklin University served 14,678 unique students in the 2024-25 Academic Year, granting 125 Associate's degrees, 1,415 Bachelor's degrees, 899 Master's degrees, 70 Doctoral degrees, and 33 graduate certificates. Franklin has a total of 78 academic program offerings (42 undergraduate, 2 undergraduate certificates, and 23 graduate, 5 doctorate and 6 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships. | Desc |
| Total Other Prog Srvc Expense | $0 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $83,549,819 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 13768 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1297 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr Marv Briskey | PersonNm |
| Phone | 6149476002 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 South Grant Avenue | AddressLine1Txt |
| City | Columbus | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 432155399 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| Dr David R Decker | |||||||||
| President | 55 | 0 | Yes (X) | $956,585 | $0 | $50,593 | |||
| Christi Farley-Cabungcal | |||||||||
| Chief of Staff & SVP Administration | 40 | 0 | $388,867 | $0 | $49,933 | Yes (X) | |||
| Dr Christopher Washington | |||||||||
| Provost and SVP-Academic Affairs | 50 | 0 | $381,590 | $0 | $55,849 | Yes (X) | |||
| Dr Godfrey Mendes | |||||||||
| SVP Global Programs & Strategic Initiatives | 40 | 0 | $375,861 | $0 | $57,235 | Yes (X) | |||
| Rick Sunderman | |||||||||
| SVP and Chief Information Officer | 40 | 0 | $347,222 | $0 | $54,954 | Yes (X) | |||
| Dr Marv Briskey | |||||||||
| Treasurer/SVP-Chief Financial Officer | 40 | 0 | Yes (X) | $347,463 | $0 | $49,935 | |||
| Dr Lynnette Rouzer | |||||||||
| VP-Student Affairs | 40 | 0 | $320,480 | $0 | $43,300 | Yes (X) | |||
| Bill Chan | |||||||||
| VP-Strategic Alliances | 40 | 0 | $319,617 | $0 | $43,077 | Yes (X) | |||
| Carl Brown | |||||||||
| VP-Campus Services | 40 | 0 | $290,666 | $0 | $50,211 | Yes (X) | |||
| Dr Patrick Bennett | |||||||||
| VP Operations, Franklin Learning Solutions | 40 | 0 | $258,111 | $0 | $45,656 | Yes (X) | |||
| Randolph Snyder | |||||||||
| VP-Financial Services | 40 | 0 | $252,647 | $0 | $42,444 | Yes (X) | |||
| Dr Wendell Seaborne | |||||||||
| Dean Doctoral Studies and Academic Research | 40 | 0 | $213,845 | $0 | $31,032 | Yes (X) | |||
| Dr Alyncia Bowen | |||||||||
| Dean, College of Business | 40 | 0 | $207,053 | $0 | $30,921 | Yes (X) | |||
| Dr Jonathan W McCombs | |||||||||
| Dean, College of Health | 40 | 0 | $205,038 | $0 | $22,008 | Yes (X) | |||
| David White | |||||||||
| Chair | 2 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Stacey Armstrong | |||||||||
| Vice Chair | 2 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Ralph Sanese | |||||||||
| Secretary | 2 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Stan Partlow | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Jamie Crane | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Gary Flynn | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Ted Ford | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Anthony Gonsalves | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Bruce Hagen | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Gary James | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Peter Roche | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Matthew Toussant | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Melissa Gutierrez | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Thomas Shoupe | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Jennifer Thomas | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Pamela Springer | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Bill Balderaz | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Oyauma Garrison | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Carrie Harris-Muller | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Joseph Patrick | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Denise Zabawski | |||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,865,045 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $627,148 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 115 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | Address Line2ContractorAddress/ForeignAddress/AddressLine2Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Google Inc | ||||||||||||
| 1600 Amphitheater Parkway | Mountain View | CA | 94043 | Advertising | $3,261,375 | |||||||
| MBS Direct LLC | ||||||||||||
| 2711 West Ash Street | Columbia | MO | 65203 | Digital textbooks and course materials | $2,375,647 | |||||||
| Advantage Media & Digital LLC | ||||||||||||
| 167 S State Street | Westerville | OH | 43081 | Advertising | $1,764,071 | Unit 190 | ||||||
| Mightyhive Inc | ||||||||||||
| 311 California Street | San Francisco | CA | 94104 | Advertising | $1,160,237 | Suite 200 | ||||||
| Leeds Management Services FZE | ||||||||||||
| Student Services | $690,337 | Amber Gem Tower Sheikh Khalifa Bin | Office E1-2719 | Ajman | Ajman | AE | 00000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 35 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $489,194 | GovernmentGrantsAmt |
| All Other Contributions | $542,417 | AllOtherContributionsAmt |
| Noncash Contributions | $0 | NoncashContributionsAmt |
| Total Contributions | $1,031,611 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Tuition and fees | Desc |
| Business | 611310 | BusinessCd |
| Total Revenue Column | $96,989,421 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $96,989,421 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $765,948 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $765,948 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $97,755,369 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,402,365 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,402,365 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $849,441 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $575,918 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $273,523 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $273,523 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $273,523 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $199,940,583 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $189,638,411 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,302,172 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,302,172 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $10,302,172 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $195,133 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $195,133 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $195,133 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $111,960,173 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $97,950,502 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,978,060 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,544,902 | TotalAmt |
| Program Services | $13,544,902 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,313,489 | TotalAmt |
| Program Services | $2,768,424 | ProgramServicesAmt |
| Management And General | $1,545,065 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,158,734 | TotalAmt |
| Program Services | $36,055,396 | ProgramServicesAmt |
| Management And General | $7,002,556 | ManagementAndGeneralAmt |
| Fundraising | $100,782 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,205,034 | TotalAmt |
| Program Services | $2,677,529 | ProgramServicesAmt |
| Management And General | $520,021 | ManagementAndGeneralAmt |
| Fundraising | $7,484 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,538,937 | TotalAmt |
| Program Services | $4,627,304 | ProgramServicesAmt |
| Management And General | $898,699 | ManagementAndGeneralAmt |
| Fundraising | $12,934 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,693,254 | TotalAmt |
| Program Services | $3,085,395 | ProgramServicesAmt |
| Management And General | $599,235 | ManagementAndGeneralAmt |
| Fundraising | $8,624 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,652 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $186,652 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,500 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $91,500 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $454,752 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $454,752 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,503,710 | TotalAmt |
| Program Services | $2,091,633 | ProgramServicesAmt |
| Management And General | $406,230 | ManagementAndGeneralAmt |
| Fundraising | $5,847 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,440,220 | TotalAmt |
| Program Services | $8,440,220 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,098,138 | TotalAmt |
| Program Services | $2,588,227 | ProgramServicesAmt |
| Management And General | $502,676 | ManagementAndGeneralAmt |
| Fundraising | $7,235 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,184,504 | TotalAmt |
| Program Services | $1,824,965 | ProgramServicesAmt |
| Management And General | $354,438 | ManagementAndGeneralAmt |
| Fundraising | $5,101 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,638,075 | TotalAmt |
| Program Services | $760,487 | ProgramServicesAmt |
| Management And General | $862,430 | ManagementAndGeneralAmt |
| Fundraising | $15,158 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $448,632 | TotalAmt |
| Program Services | $374,793 | ProgramServicesAmt |
| Management And General | $72,791 | ManagementAndGeneralAmt |
| Fundraising | $1,048 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,583 | TotalAmt |
| Program Services | $129,141 | ProgramServicesAmt |
| Management And General | $25,081 | ManagementAndGeneralAmt |
| Fundraising | $361 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $532,223 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $532,223 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,612,899 | TotalAmt |
| Program Services | $748,799 | ProgramServicesAmt |
| Management And General | $849,175 | ManagementAndGeneralAmt |
| Fundraising | $14,925 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,544 | TotalAmt |
| Program Services | $199,283 | ProgramServicesAmt |
| Management And General | $38,704 | ManagementAndGeneralAmt |
| Fundraising | $557 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bad debt expense | $3,100,323 | $2,800,000 | $300,323 | |
| Library | $325,271 | $325,271 | $0 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $608,141 | TotalAmt |
| Program Services | $508,050 | ProgramServicesAmt |
| Management And General | $98,671 | ManagementAndGeneralAmt |
| Fundraising | $1,420 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,072,517 | TotalAmt |
| Program Services | $83,549,819 | ProgramServicesAmt |
| Management And General | $15,341,222 | ManagementAndGeneralAmt |
| Fundraising | $181,476 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,227,730 | BOYAmt |
| EOY | $1,412,106 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,759 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,757,147 | BOYAmt |
| EOY | $6,128,179 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,000,000 | BOYAmt |
| EOY | $1,000,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,095,517 | BOYAmt |
| EOY | $1,688,214 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $57,981,611 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $37,504,303 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,355,164 | BOYAmt |
| EOY | $20,477,308 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,306,755 | BOYAmt |
| EOY | $43,142,740 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,390,511 | BOYAmt |
| EOY | $77,270,750 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $320,772 | BOYAmt |
| EOY | $320,772 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,856,355 | BOYAmt |
| EOY | $151,440,069 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,924,727 | BOYAmt |
| EOY | $8,230,062 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,913,031 | BOYAmt |
| EOY | $3,417,198 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,034,281 | BOYAmt |
| EOY | $8,160,831 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,000,000 | BOYAmt |
| EOY | $4,500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,872,039 | BOYAmt |
| EOY | $24,308,091 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,289,366 | BOYAmt |
| EOY | $115,482,166 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,694,950 | BOYAmt |
| EOY | $11,649,812 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,984,316 | BOYAmt |
| EOY | $127,131,978 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,856,355 | BOYAmt |
| EOY | $151,440,069 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $12,887,656 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$2,739,994 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,805,825 | BeginningYearBalanceAmt |
| Contributions | $117,985 | ContributionsAmt |
| Investment Earnings Or Losses | $938,126 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $133,874 | GrantsOrScholarshipsAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $12,728,062 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,785,664 | BeginningYearBalanceAmt |
| Contributions | $63,627 | ContributionsAmt |
| Investment Earnings Or Losses | $999,286 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $42,752 | GrantsOrScholarshipsAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $11,805,825 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,498,733 | BeginningYearBalanceAmt |
| Contributions | $221,558 | ContributionsAmt |
| Investment Earnings Or Losses | $188,809 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $123,436 | GrantsOrScholarshipsAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $10,785,664 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,959,487 | BeginningYearBalanceAmt |
| Contributions | $1,310,744 | ContributionsAmt |
| Investment Earnings Or Losses | -$672,364 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $99,094 | GrantsOrScholarshipsAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $10,498,773 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,290,068 | BeginningYearBalanceAmt |
| Contributions | $12,106 | ContributionsAmt |
| Investment Earnings Or Losses | $1,717,298 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $59,985 | GrantsOrScholarshipsAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $9,959,487 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.163 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.418 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.419 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $846,521 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $4,191,185 | OtherCostOrOtherBasisAmt |
| Book Value | $5,037,706 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $3,912,218 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $34,150,760 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,739,168 | DepreciationAmt |
| Book Value | $10,323,810 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $412,053 | OtherCostOrOtherBasisAmt |
| Depreciation | $411,188 | DepreciationAmt |
| Book Value | $865 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $13,676,107 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,561,180 | DepreciationAmt |
| Book Value | $5,114,927 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $792,767 | OtherCostOrOtherBasisAmt |
| Depreciation | $792,767 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,477,308 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $17,694,062 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Limited partnerships | Desc |
| Book Value | $59,576,688 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $77,270,750 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $96,940,744 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$2,739,989 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $575,918 | OtherRevenueAmt |
| Revenue Not Reported | -$2,164,071 | RevenueNotReportedAmt |
| Revenue Subtotal | $99,104,815 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $454,752 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $12,400,606 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $12,855,358 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $111,960,173 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $86,462,618 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $575,918 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $575,918 | ExpensesNotReportedAmt |
| Expenses Subtotal | $85,886,700 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $454,752 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $12,731,065 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $13,185,817 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $99,072,517 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | Virtually all endowment funds are either for the support of scholarships or the Franklin University Leadership Center. |
| Schedule D, Part XI, Line 2d | Rent expenses netted against rental income on Part VIII. |
| Schedule D, Part XI, Line 4b | Scholarships netted against tuition and fees for the audited financial statements. |
| Schedule D, Part XII, Line 2d | Rent expenses netted against rental income on Part VIII. |
| Schedule D, Part XII, Line 4b | Scholarships of $12,400,606 netted against tuition and fees for the audited financial statements. Additionally, the University closed its branch campus in Urbana, OH in April 2020. As a result, $330,459 of expense related to that campus has been classified as results of discontinued operations in the audited financial statement of activities but included as expense in this Form 990 on the same basis as prior periods. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | As the University draws students from across the country, it satisfies the requirement by including a statement of the University's nondiscriminitory policy in brochures, catalogs and other written communications in addition to its website. |
| Schedule E, Part I, Line 6 | The University receives significant amounts of financial aid from Federal and state agencies. These funds represent financial aid for students attending the University to assist them with tuition costs, books, fees and living expenses. Any financial aid that is not applied to payments of amounts due to the University are passed on to the student. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Middle East and North Africa | 0 | 1 | Program Services | Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with a university in Oman. These MBA programs are identical in outcomes and instruction to the domestic based MBA programs offered and delivered by Franklin to students in the United States. | $114,390 |
| East Asia and the Pacific | 0 | 1 | Program Services | Franklin University offers and delivers undergraduate and graduate programs in partnership with a university in South Korea. These MBA programs are identical in outcomes and instruction to the domestic based MBA programs offered and delivered by Franklin to students in the United States. | $64,270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Spent | $178,660 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Scholarships | 1126 | $2,247,862 | $0 | N/A | N/A |
| Tuition discount and exchange program | 14263 | $10,724,200 | $0 | N/A | N/A |
| Student Educational Opportunity Grant | 556 | $429,018 | $0 | N/A | N/A |
| Federal Work Study | 12 | $143,822 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | The University has numerous procedures to ensure students qualify for scholarships and other assistance both at the time of the award and subsequent thereto. These procedures ensure compliance with applicable Federal and state regulations, stipulations of scholarship criteria and University practices for awards made from the University. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr David R Decker | ||||||||||||||
| President | $548,214 | $0 | $406,085 | $0 | $2,286 | $0 | $34,500 | $0 | $16,093 | $0 | $1,007,178 | $0 | $0 | $0 |
| Christi Farley-Cabungcal | ||||||||||||||
| Chief of Staff & SVP Administration | $277,397 | $0 | $106,164 | $0 | $5,306 | $0 | $34,500 | $0 | $15,433 | $0 | $438,800 | $0 | $0 | $0 |
| Dr Christopher Washington | ||||||||||||||
| Provost and SVP-Academic Affairs | $277,397 | $0 | $106,629 | $0 | -$2,436 | $0 | $34,500 | $0 | $21,349 | $0 | $437,439 | $0 | $0 | $0 |
| Dr Godfrey Mendes | ||||||||||||||
| SVP Global Programs & Strategic Initiatives | $277,397 | $0 | $106,164 | $0 | -$7,700 | $0 | $34,500 | $0 | $22,735 | $0 | $433,096 | $0 | $0 | $0 |
| Rick Sunderman | ||||||||||||||
| SVP and Chief Information Officer | $252,179 | $0 | $96,513 | $0 | -$1,470 | $0 | $34,500 | $0 | $20,454 | $0 | $402,176 | $0 | $0 | $0 |
| Dr Marv Briskey | ||||||||||||||
| Treasurer/SVP-Chief Financial Officer | $252,179 | $0 | $96,513 | $0 | -$1,229 | $0 | $34,500 | $0 | $15,435 | $0 | $397,398 | $0 | $0 | $0 |
| Dr Lynnette Rouzer | ||||||||||||||
| VP-Student Affairs | $236,294 | $0 | $85,961 | $0 | -$1,775 | $0 | $32,225 | $0 | $11,075 | $0 | $363,780 | $0 | $0 | $0 |
| Bill Chan | ||||||||||||||
| VP-Strategic Alliances | $236,294 | $0 | $85,961 | $0 | -$2,638 | $0 | $32,225 | $0 | $10,852 | $0 | $362,694 | $0 | $0 | $0 |
| Carl Brown | ||||||||||||||
| VP-Campus Services | $208,735 | $0 | $79,886 | $0 | $2,045 | $0 | $28,862 | $0 | $21,349 | $0 | $340,877 | $0 | $0 | $0 |
| Dr Patrick Bennett | ||||||||||||||
| VP Operations, Franklin Learning Solutions | $208,735 | $0 | $43,293 | $0 | $6,083 | $0 | $25,202 | $0 | $20,454 | $0 | $303,767 | $0 | $0 | $0 |
| Randolph Snyder | ||||||||||||||
| VP-Financial Services | $211,695 | $0 | $41,523 | $0 | -$571 | $0 | $25,322 | $0 | $17,122 | $0 | $295,091 | $0 | $0 | $0 |
| Dr Wendell Seaborne | ||||||||||||||
| Dean Doctoral Studies and Academic Research | $168,995 | $0 | $32,806 | $0 | $12,044 | $0 | $20,180 | $0 | $10,852 | $0 | $244,877 | $0 | $0 | $0 |
| Dr Alyncia Bowen | ||||||||||||||
| Dean, College of Business | $168,988 | $0 | $35,904 | $0 | $2,161 | $0 | $20,489 | $0 | $10,432 | $0 | $237,974 | $0 | $0 | $0 |
| Dr Jonathan W McCombs | ||||||||||||||
| Dean, College of Health | $168,988 | $0 | $34,444 | $0 | $1,606 | $0 | $20,243 | $0 | $1,765 | $0 | $227,046 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | Pursuant to his employment agreement, Dr. Decker receives a monthly housing allowance, treated as taxable compensation, and membership in a dinner/fitness club, not treated as taxable compensation. |
| Schedule J, Part I, Line 3 | Compensation reviews, prepared by an independent compensation consulting team, are periodically conducted. A thorough examination of external documented pay data (published surveys and 990 filings) for comparable positions at peer institutions (as mutually agreed upon by Franklin University and the consultants) are conducted. Compensation levels are reviewed for market competitiveness and reasonableness and are compared for all components of pay including cash compensation, benefits and perquisites. The results include individual market data as well as an aggregate perspective. The Human Resources Committee of the Board of Trustees approves the resulting reviews and receives a letter of comfort from the consultants. |
| Schedule J, Part I, Line 7 | Bonuses are paid depending on the achievement of various performance criteria. The Board of Trustees determines the bonus of the President. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | Upon completion of the Form 990 and all supporting schedules ("the return") by the Controller, the return was first reviewed by the Chief Financial Officer and University President, with consultation of tax experts where considered necessary. The return was provided to the Chairman and Vice Chairman of the Board of Trustees and the Chair of the Finance Committee for their review. Questions from these reviews were addressed as appropriate with any necessary changes made to the Form 990 prior to filing. |
| Form 990, Part VI, Section B, Line 12c | Each year, a copy of the University's Employee Ethics (Conflict of Interest) Policy is provided to each Trustee, the President and other officers of the University along with a questionnaire related to that policy. Responses to the questionnaire, which are summarized for review by the President of the University, identify any potential conflicts of interest. Should business come before the Board or Committee thereof that presents a potential conflict, the affected Board member would be asked to abstain from any Board action on that business. |
| Form 990, Part VI, Section B, Line 15 | Compensation reviews, prepared by an independent compensation consulting team, are periodically conducted. A thorough examination of external documented pay data (published surveys and 990 filings) for comparable positions at peer institutions (as mutually agreed upon by Franklin University and the consultants) are conducted. Compensation levels are reviewed for market competitiveness and reasonableness and are compared for all components of pay including cash compensation, benefits and perquisites. The results include individual market data as well as an aggregate perspective. The Human Resources Committee of the Board of Trustees approves the resulting reviews and receives a letter of comfort from the consultants. |
| Form 990, Part VI, Section C, Line 19 | Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. |