2022-05-18T11:11:17-07:00 2020-07-31 990 2019-08-01 310707369 FRANKLIN UNIVERSITY FRAN 6149476002 201 South Grant Avenue Columbus OH 432155399 Marv Briskey Treasurer/CFO 6149476002 2021-06-14 2019 2022-09-23 18:48:47Z X Dr David Decker 201 South Grant Avenue Columbus OH 432155399 210661851 0 X www.franklin.edu X 1964 OH Franklin University and its branch campus Urbana University are student-centered, nonprofit, independent institutions providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. 21 21 1287 20 0 0 2627491 3562438 66743207 68345969 4273643 9599387 162141 49276 73806482 81557070 7967944 10090393 0 0 49977024 53427373 34000 0 116540 19856323 22791598 77835291 86309364 -4028809 -4752294 143652888 133627100 28661526 26649248 114991362 106977852 X 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 experience of our students. Investments from strategic partners may include contributions for student scholarships as well as contributions to enhance program offerings, facilities, and technology. 0 1 55209793 3832886 53373792 Franklin University served 7,981 unique students in the 2019-20 Academic Year, granting 46 Associate's degrees, 982 Bachelor's degrees, 629 Master's degrees, 11 Doctoral degrees, and 8 graduate certificates. Franklin has a total of 100 academic program offerings (86 undergraduate, 9 graduate, 3 doctorate, and 2 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships. 17770411 6257507 14881127 Urbana University served 1,399 unique students in the 2019-20 Academic Year, granting 58 Bachelor's degrees and 5 Master's degrees. Urbana University had 24 undergraduate programs (21 bachelors and 3 associates) and 3 graduate programs. Additionally, Urbana offered 1 undergraduate certificate program, 4 post baccalaureate education programs, and 2 graduate certificate programs. In April 2020, Franklin University announced the closure of its Urbana campus. 1123205 91050 The Franklin University mission includes providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. To further this goal, Franklin offers program design and development services to higher education institutions seeking to expand and improve the quality of their own program offerings. 0 0 0 74103409 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6187 0 1 1287 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Dr Marv Briskey 6149476002 201 South Grant Avenue Columbus OH 432155399 X Dr David R Decker President 55 0 X 993139 0 47933 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 40 0 X 380369 0 47700 Linda Steele Vice President, Marketing 40 0 X 367095 0 23867 Dr Christopher Washington Provost and SVP-Academic Affairs 50 0 X 316323 0 47578 Rick Sunderman SVP and Chief Information Officer 40 0 X 270379 0 46840 Christi Farley-Cabungcal Chief of Staff & SVP Administration 40 0 X 276291 0 39924 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 50 0 X 274904 0 37130 Bill Chan VP-Strategic Alliances 40 0 X 225048 0 32186 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 40 0 X 213959 0 41234 Dr Wendell Seaborne Dean Doctoral Studies and Academic Research 40 0 X 218452 0 30258 Randolph Snyder VP-Financial Services 40 0 X 201961 0 40183 Dr Lynnette Hull VP-Student Affairs 40 0 X 198254 0 21031 Clarke Price Board Chair 2 0 X X 0 0 0 Bruce Hagen Immediate Past Chair 2 0 X X 0 0 0 Melissa Gutierrez Vice Chair 2 0 X X 0 0 0 Carl Johnson Secretary 2 0 X X 0 0 0 Jack Cartner Trustee 2 0 X 0 0 0 Jamie Crane Trustee 2 0 X 0 0 0 Mary Duchi Trustee 2 0 X 0 0 0 Phil Fankhauser Trustee 2 0 X 0 0 0 Gary Flynn Trustee 2 0 X 0 0 0 Ted Ford Trustee 2 0 X 0 0 0 Anthony Gonsalves Trustee 2 0 X 0 0 0 Gary James Trustee 2 0 X 0 0 0 Floyd Jones Trustee 2 0 X 0 0 0 Greg Lashutka Trustee 2 0 X 0 0 0 Stan Partlow Trustee 2 0 X 0 0 0 Peter Roche Trustee 2 0 X 0 0 0 Ralph Sanese Trustee 2 0 X 0 0 0 David Stone Trustee 2 0 X 0 0 0 Carole Watkins Trustee 2 0 X 0 0 0 Lori Kaiser Trustee 2 0 X 0 0 0 Matthew Toussant Trustee 2 0 X 0 0 0 3936174 0 455864 91 0 1 0 Google Inc 1600 Amphitheater Parkway Mountain View CA 94043 Advertising 3812787 Advantage Media & Digital LLC 167 S State Street Unit 190 Westerville OH 43081 Advertising 793620 Mediassociates Inc 75 Glen Road Sandy Hook CT 06482 Advertising 1415360 WFF Facility Services 211 South Jefferson Ave St Louis MO 63103 Outsourced janitorial services 437915 Facebook Inc 1601 Willow Rd Menlo Park CA 94025 Digital Advertising 543202 17 0 0 0 0 1732811 1829627 103240 3562438 Tuition and fees - Franklin University 611310 51276514 51276514 0 0 Tuition and fees - Urbana University 611310 12702894 12702894 0 0 Program Development 611310 91050 91050 0 0 Auxiliary Revenue 611310 2188362 2188362 0 0 2087149 2087149 0 0 68345969 1879608 0 0 1879608 0 0 0 0 0 0 0 0 547295 0 543193 0 4102 0 4102 0 0 4102 136230358 51009 128561588 0 7668770 51009 7719779 51009 0 7668770 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 45174 45174 0 0 45174 81557070 68442152 0 9552480 X 0 0 10090393 10090393 0 0 0 0 3043249 2041750 1001499 0 0 0 0 0 38503897 32581075 5865004 57818 2742126 2300656 439170 2300 5650698 4790890 850454 9354 3487403 2965924 516499 4980 0 0 0 0 10552 0 10552 0 140738 0 140738 0 0 0 0 0 0 0 532980 0 532980 0 2832211 2435243 390992 5976 7045301 7045301 0 0 2106601 1785777 318239 2585 1539035 1296281 241475 1279 0 0 0 0 2418225 1766657 638140 13428 375568 324240 50441 887 0 0 0 0 104832 88519 16210 103 334087 0 334087 0 0 0 0 0 2464952 1792933 658252 13767 346822 324619 19550 2653 Bad Debt Expense 100000 100000 0 0 FoodServices 769617 769617 0 0 Library 297967 297967 0 0 Athletics 864139 864139 0 0 507971 441428 65133 1410 86309364 74103409 12089415 116540 1505814 2353390 0 0 119680 199562 4063234 4777962 0 0 0 0 0 0 0 0 967763 993969 72366818 43420870 36138444 28945948 88165846 83719125 6272547 7922376 0 0 0 0 6419560 4714768 143652888 133627100 8422607 7551953 0 0 3428304 3137057 15781473 14688070 650974 0 0 0 0 0 0 1000000 378168 272168 28661526 26649248 X 108080958 99385241 6910404 7592611 114991362 106977852 143652888 133627100 X -4752294 2254348 0 0 0 -5515564 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7233468 232472 861127 36999 0 0 8290068 6784788 42625 468055 62000 0 0 7233468 6380843 100 445045 41200 0 0 6784788 5679559 108775 621959 29450 0 0 6380843 5498453 4250 237106 60250 0 0 5679559 0.183 0.375 0.442 1 0 1800993 4382285 6183278 10293098 34520330 26835249 17978179 0 1007615 901550 106065 0 18821008 14169319 4651689 0 1541489 1514752 26737 28945948 0 F 0 F Limited partnerships 7922376 F 7922376 0 Payable to Urbana Foundation 272168 272168 66660719 2254348 0 0 543193 2797541 63863178 532980 17160912 17693892 81557070 65831769 0 0 0 543193 543193 65288576 532980 20487808 21020788 86309364 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 Rental expenses netted against rental income on Part VIII. Schedule D, Part XI, Line 4b Scholarships of $8,298,132 netted against tuition and fees for the audited financial statements. Additionally, the University closed its branch campus in Urbana, OH during the fiscal year. As a result, $8,862,780 of gross revenues derived from that campus were reclassified as the results of discontinued operations in the audited consolidated statement of activities but included as revenue in this Form 990 on the same basis as prior periods. For the year ended July 31, 2021, the results presented in the University's Form 990 will be substantially different, reflecting the contraction of operations resulting from the closure of the Urbana branch campus. Schedule D, Part XII, Line 2d Rental expenses netted against rental income on Part VIII. Schedule D, Part XII, Line 4b Scholarships of $8,298,132 netted against tuition and fees for the audited financial statements. Additionally, the University closed its branch campus in Urbana, OH during the fiscal year. As a result, $12,189,360 of expenses incurred on that campus were reclassified as the results of discontinued operations in the audited consolidated statement of activities but included as operating expenses in this Form 990 on the same basis as prior periods. For the year ended July 31, 2021, the results presented in the University's Form 990 will be substantially different, reflecting the contraction of operations resulting from the closure of the Urbana branch campus. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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 nondiscriminatory policy in brochures, catalogs and other written communications in addition to its web site. 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 the University are passed on to the student. Middle East and North Africa 0 2 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with a university in Oman. This MBA program is identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. Franklin University has entered into an agreement to provide online curriculum development, adjunct teaching services, and program installation services to universities in Saudi Arabia. The services provided are identical to the activities performed by Franklin in developing its own curriculum to students in the United States. 1192463 Central America and the Caribbean 0 2 Program Services Franklin University has entered into an agreement with a university in Guatemala to review and evaluate its programs. The services provided are identical to the activities performed by Franklin University in reviewing its own curriculum and programs for delivery to students in the United States. Franklin University offers and deliveries Masters of Science in Business Psychology (MSBP) in partnership with universities in Trinidad and Tobago. This MSBP program is identical in outcomes and instruction to the domestic based MSBP program offered and delivered by Franklin to students in the United States. 9920 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 programs are identical in outcomes and instruction to the domestic based programs offered and delivered by Franklin to students in the United States. 312124 Europe (including Iceland and Greenland) 0 1 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with universities in Poland, Serbia. These MBA programs are identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. 34225 0 6 1548732 0 0 0 0 0 0 1 Scholarships - Franklin 676 1335043 0 N/A N/A Scholarships - Urbana 432 6257507 0 N/A N/A Student Educational Opportunity Grant - Franklin & Urbana 493 428636 0 N/A N/A Tuition discount and exchange program - Franklin & Urbana 1530 1791035 0 N/A N/A Federal Work Study - Franklin & Urbana 96 278172 0 N/A N/A Schedule I, Part I, Line 2 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 and scholarship criteria and University policies for awards made by the University. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 Dr David R Decker President 482212 0 490907 0 20020 0 28233 0 19700 0 1041072 0 0 0 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 244000 0 48197 0 88172 0 28000 0 19700 0 428069 0 0 0 Linda Steele Vice President, Marketing 105079 0 31134 0 230882 0 13189 0 10678 0 390962 0 0 0 Dr Christopher Washington Provost and SVP-Academic Affairs 244000 0 71091 0 1232 0 28000 0 19578 0 363901 0 0 0 Rick Sunderman SVP and Chief Information Officer 206772 0 64628 0 -1021 0 27140 0 19700 0 317219 0 0 0 Christi Farley-Cabungcal Chief of Staff & SVP Administration 221818 0 54770 0 -297 0 27659 0 12265 0 316215 0 0 0 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 221818 0 53674 0 -588 0 27549 0 9581 0 312034 0 0 0 Bill Chan VP-Strategic Alliances 176968 0 48939 0 -859 0 22591 0 9595 0 257234 0 0 0 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 183604 0 31734 0 -1379 0 21534 0 19700 0 255193 0 0 0 Dr Wendell Seaborne Dean, Doctoral Studies & Academic Research 178148 0 37350 0 2954 0 21550 0 8708 0 248710 0 0 0 Randolph Snyder VP-Financial Services 169909 0 35240 0 -3188 0 20515 0 19668 0 242144 0 0 0 Dr Lynnette Hull VP-Student Affairs 162044 0 38073 0 -1863 0 20011 0 1020 0 219285 0 0 0 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 7 Bonuses are paid depending on the achievement of various performance criteria. The Board of Trustees determines the bonus of the President. Schedule J, Part II The 2019 Form 990 for Franklin University originally filed contained officer, director, trustee, key employee and highest compensated employee compensation information for the calendar year 2020. This amended version of the 2019 Form 990 for Franklin University has been revised to appropriately report officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. A Ohio Higher Educational Facility Commission 346849674 000000000 2016-02-24 18000000 Bond refunding, renovation of various buildings, purchase IT equipment 0 0 0 B Ohio Higher Educational Facility Commission 346849674 000000000 2010-01-01 5000000 Renovation of various buildings and purchases of tech. equipment 0 0 0 A 3311930 0 18000000 0 0 0 157700 0 0 13757595 0 0 2016 1 0 0 1 B 5000000 0 5000000 0 0 0 78573 0 0 4921427 0 0 2010 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Form 990, Header, Line B The 2019 Form 990 for Franklin University originally filed contained officer, director, trustee, key employee and highest compensated employee compensation information for the calendar year 2020. This amended version of the 2019 Form 990 for Franklin University has been revised to appropriately report officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part III, Line 3 In direct response to the national emergency and emergency orders enacted by the State of Ohio in March 2020, Franklin University first ceased all in-person learning and on-campus activities for both students and administrators. In April 2020, Franklin University announced the closure of its branch campus in Urbana, Ohio. All program services being offered on the Urbana campus were transferred to and taught remotely from the Columbus, Ohio campus. This significant change occurred with the Spring 2020 term substantially complete and the results presented herein reflect the activities conducted at each respective campus on the same basis as prior years. Going forward, the results presented will reflect all program services and being provided by Franklin University from its Columbus, Ohio campus. Form 990, Part III, Line 4a Program expenses for Franklin University were amended to reflect revisions to officer, director, trustee, key employee and highest compensated employee compensation. 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 the University President, with consultation of tax experts where considered necessary. The return was then provided to the Chairman and Vice Chairman of the Board of Trustees and the Chair of the Finance Committee for their review. Questions from this review were addressed as appropriate with any necessary changes made to the Form 990. 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 the policy. Responses to the questionnaire, which are summarized for review by the President of the University, will 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 A compensation review, as prepared by an independent compensation consulting firm ("the consultants"), was conducted in fiscal year 2016-17 on the President of the University. 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) was conducted. Compensation levels were reviewed for market competitiveness and reasonableness and were compared for all components of pay including cash compensation, benefits and perquisites. In preparation for such reviews, the consultants interviewed the President and a number of members of the Board of Trustees to gain perspective on the University's work environment, mission, pay philosophies and pay program effectiveness as well as the President's duties. The results included individual market reports as well as an aggregate perspective. The Compensation Committee of the Board of Trustees approved the resulting reviews and compensation levels of the President, which was then ultimately approved in July of 2017 by the full Board. Additionally the Compensation Committee implemented a new policy around the review of all changes to executive compensation, including COLA adjustment, incentive payments and any increases to pay or benefits prior to such changes taking place. This policy covered all senior employees (earning over $100,000), including individuals not reporting directly to the President. All such actions are reflected in the minutes of the Compensation Committee. Any compensation changes made are relative to an independent market review. 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. Form 990, Part VII, Section A, Line 1a The 2019 Form 990 for Franklin University originally filed contained officer, director, trustee, key employee and highest compensated employee compensation information for the calendar year 2020. This amended version of the 2019 Form 990 for Franklin University has been revised to appropriately report officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part VII, Section A, Line 2 The 2019 Form 990 for Franklin University originally filed contained employee compensation information for the calendar year 2020. This amended version of the 2019 Form 990 for Franklin University has been revised to appropriately report employee compensation for calendar year 2019. Form 990, Part IX, Line 5 Compensation of current officers, directors, trustees and key employees has been amended to appropriately report officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part IX, Line 7 Other salaries and wages has been modified to reflect the amended officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part IX, Line 8 Pension plan accruals and contributions have been modified to reflect the amended officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part IX, Line 9 Other employee benefits has been modified to reflect the amended officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part IX, Line 25 Total Functional Expenses has been modified to reflect the amended officer, director, trustee, key employee and highest compensated employee compensation for calendar year 2019. Form 990, Part XI, Line 9 During the fiscal year, Franklin University recognized a $5,515,880 impairment to its land, buildings and equipment in connection with the closure of its branch campus in Urbana, OH.