2021-04-12T10:07:48-05:00 2020-05-31 010523282 Berry Dunn McNeil & Parker LLC PO BOX 1100 Portland ME 041011100 990 2019-06-01 020263136 Franklin Pierce University FRAN 6038994000 40 University Drive Rindge NH 03461 Sandra Quaye CFO & VP of Finance & Admin. 6038994000 2021-04-06 1 Joseph R Byrne P01289281 2077752387 2021-04-06 2019 2022-09-23 18:48:47Z Dr Kim Mooney 40 University Drive Rindge NH 03461 99669196 0 X www.franklinpierce.edu X 1962 NH Franklin Pierce University embraces an education that matters: one that achieves success through the integration of liberal arts and professional programs. 17 16 1450 24 355888 70844 1541341 2064727 84932021 86722585 1040004 1171562 -17725 -14530 87495641 89944344 32794427 36674049 0 0 29360739 28259601 18000 18000 810168 22709054 22283393 84882220 87235043 2613421 2709301 82902016 85672978 46781188 46139842 36120828 39533136 X Franklin Pierce University embraces an education that matters: one that achieves success through the integration of liberal arts and professional programs. 0 1 80498446 36674049 86722585 Franklin Pierce University serves traditional and nontraditional students at the undergraduate and graduate level. Awards are offered from the certificate level through the doctoral level. Credit and non-credit bearing courses are available, and many programs are available online. Degree completion programs are available and the university welcomes transfer students at all instructional locations.Enrollment:Undergraduate Fall Enrollment Total Headcount: 2,114 (Traditional Undergraduate = 1,423; Nontraditional/Online = 177Graduate Fall Enrollment Total Headcount: 514)Undergraduate Awards:Undergraduate Certificate (multiple legal and human services concentrations)Associate of Arts (multiple business, legal and human services concentrations)Bachelor of Arts (multiple liberal arts/humanities concentrations)Bachelor of Science (multiple biological, health, and environmental science concentrations; business and communications concentrations)Graduate Awards:M.B.A. in LeadershipM.B.A. in Energy & Sustainability StudiesM.B.A. in Human Resource ManagementM.B.A. in Health AdministrationM.B.A. in Information TechnologyM.B.A. in Sports ManagementMaster of Science in AccountingMaster of Science in NursingMaster of Business Administration - Dual DegreeMaster of Education & Teacher CertificationM.Ed Elementary (K-6 or K-8)M.Ed Social Sciences (5-8 or 5-12)M.Ed Life Sciences (7-12)M.Ed English Language Arts (5-8 or 5-12)M.Ed General Special Education (K-12)M.Ed Curriculum & InstructionMaster of Physician Assistant StudiesM.S. in Nursing EducationM.S. in Nursing LeadershipDoctor of Physical TherapyGraduate Certificate (multiple business, nursing & education) Student:faculty Ratio: 12:1Average Class Size: 16Undergraduate Areas of Study:Accounting/Finance, Anthropology, Biology, Communication, Criminal Justice, Digital Media Design, Education, Emergency Medical Services, English, Environmental Science, Environmental Studies, Healthcare Administration, Health Sciences, History, Integrated Studies, Management, Marketing, Music, Nursing, Political Science, Psychology, Public Health, Sports and Recreation Management, Sports Media.Graduate Areas of Study:Business Administration in Energy and Sustainability Studies, Business Administration in Human Resource Management, Business Administration in Leadership, Business Administration in Sports Management, Business in Health Administration, Education, Emerging Network Technology, Health Administration, Human Resource Management, Leadership, Nursing Administration, Nursing Education, Physical Therapy, Physician Assistant Studies, Business in Information Technology Management and Sustainability.MBA tracks are available as an accelerated program through the College of Business and several programs are available online.Accreditation:Franklin Pierce University is accredited by the New England Commission of Higher Education (NECHE). In November 2018, Franklin Pierce was accorded full re-accreditation by NECHE with the next comprehensive evaluation scheduled for Fall 2028. 80498446 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 228 0 1 1450 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NH NY X Sandra Quaye VP of Finance & Admin 6038994241 40 University Drive Rindge NH 03461 Frederick W Pierce IV Trustee (Chair) 1.00 X X 0 0 0 Jonathan Slavin Trustee (Vice Chair) 1.00 X X 0 0 0 Sean O'Kane Trustee (Secretary) 1.00 X X 0 0 0 Leslye Arsht Trustee 1.00 X 0 0 0 John T Burke Trustee 1.00 X 0 0 0 Steven Camerino Trustee 1.00 X 0 0 0 Joseph M Delancy Trustee 1.00 X 0 0 0 Elizabeth DiPietro Trustee 1.00 X 0 0 0 Carleen Farrell Trustee 1.00 X 0 0 0 Caryl Felicetta Trustee 1.00 X 0 0 0 Carol Houle Trustee 1.00 X 0 0 0 Al N Marulli Jr Trustee 1.00 X 0 0 0 Robert F Riley Trustee 1.00 X 0 0 0 Teresa Rosenberger Trustee 1.00 X 0 0 0 Terrell Boston Smith Trustee 1.00 X 0 0 0 Alfred Zucaro Jr Trustee 1.00 X 0 0 0 Kerry Stein Past Trustee (Past Vice Chair) 1.00 X X 0 0 0 B Jay Cooper Past Trustee 1.00 X 0 0 0 Kim Mooney President 40.00 X X 293304 0 56273 Sandra Quaye VP of Finance/CFO 40.00 X 187515 0 58344 David Starrett Provost & VP of Academic Affairs 40.00 X 107568 0 0 James DuMond Past Provost & VP Academic Affairs 40.00 X 118264 0 9694 Julie Zahn VP of University Advancement 40.00 X 123974 0 47713 Priscilla Marsicovetere Dir.- Master of Phys. Assistant Prog. 40.00 X 151306 0 52233 Rachel Burleson Director- Athletics 40.00 X 126976 0 17540 Maria Altobello Dean- College of Health & Nat. Sci. 40.00 X 123609 0 36618 Mary Palaima Dir.- Doctor Phys. Therapy Prog. 40.00 X 122130 0 49781 1354646 0 328196 19 0 1 1 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 3036022 EAB 2445 M Street NW Washington DC 20037 Student Recruitment 782160 RAD Sports 171 VFW Drive Rockland MA 02370 Football Field Preparation 706326 Securitas Security Services USA Inc 1 Wall Street Richmond VA 23228 Consulting 581016 Weston And Sampson Cmr Inc Five Centennial Dr Peabody MA 019607985 Construction 335500 30 45865 849265 1169597 160817 2064727 Tuition and Fees 611710 70416069 70416069 Auxilliary Services 713940 15458006 15102118 355888 Miscellaneous Revenue 611710 848510 848510 86722585 522201 522201 10355254 9705893 649361 649361 649361 4429 45865 18959 -14530 -14530 89944344 86366697 355888 1157032 36674049 36674049 830961 830961 20327725 18520501 1368202 439022 1213538 1113108 74044 26386 4423228 3916683 404291 102254 1464149 1288741 144849 30559 321941 321941 114025 114025 18000 18000 200876 200876 4137978 3386898 672847 78233 369049 365196 3853 1128200 396619 722722 8859 405220 299771 105449 4844045 4517294 315740 11011 345656 297058 26867 21731 1390542 1330798 59744 3987291 3815977 171314 720246 689301 30945 Student Board 2305736 2233030 72706 Athletics 1091550 1091550 Other Expenses 919319 561872 287187 70260 Taxes 1719 1719 87235043 80498446 5926429 810168 X 13098608 15312569 561062 364976 210138 267096 699971 885859 4114901 3274418 105611 105307 614463 554007 111397310 63433006 49201980 47964304 13993447 16626006 301835 318436 82902016 85672978 4691892 4339959 2870013 2663026 32220592 31590071 6998691 7546786 46781188 46139842 X 28181939 30809203 7938889 8723933 36120828 39533136 82902016 85672978 2709301 703007 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14743601 1672029 1348802 540000 17224432 13331829 1622328 201444 412000 14743601 10325393 2564532 688625 246721 13331829 7507408 2354214 710238 246467 10325393 5227502 2485429 18835 224358 7507408 0.56890 0.39840 0.03270 0 0 1104677 1104677 75817732 41229248 34588484 349061 200108 148953 14320880 9450745 4870135 19804960 12552905 7252055 47964304 Gov't Advances for Student Loans 425189 Capital Lease Obligations 3406261 Student Deposits 3715336 7546786 53791385 703007 18959 721966 53069419 200876 36674049 36874925 89944344 50379077 18959 18959 50360118 200876 36674049 36874925 87235043 Part V, Line 4: The University's endowment primarily consists of funds established for scholarships. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by U.S. Generally Accepted Accounting Principles (GAAP), net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 18,959. Part XI, Line 4b - Other Adjustments: Financial Aid 36,674,049. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 18,959. Part XII, Line 4b - Other Adjustments: Financial Aid 36,674,049. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University Policy is widely circulated and available. The Policy is available on the University website, academic catalogue, student handbook, student applications and various other publications. The policy was distributed to students by email and posted in high traffic areas as well as all College of Graduate & Professional Studies sites. Schedule E, Part I, Line 6 Franklin Pierce University participates in the following governmental programs: Federal Pell Grant SEOG - Supplemental Educational Opportunity Grant Federal Stafford Student Loan - Subsidized and unsubsidized Federal PLUS - Parent Loans for Undergraduate Students Federal workstudy Federal PLUS - Graduate X X X X X X X 1 Brian Rusk 340 Wellingwood Drive East Amherst NY 14051 Personal Solicitation 0 25000 18000 7000 25000 18000 7000 NH AZ Golf Tournament 43143 38720 4423 11692 2035 Baseball Golf Tournament 7151 7145 6 5232 50294 45865 4429 16924 2035 18959 -14530 1 Named Scholarships 116 418545 FMV Discounts 1599 36255504 FMV Student tuition discounts Schedule I, Part I, Line 2 All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 Kim Mooney President 261242 0 0 0 32062 0 24613 0 31660 0 349577 0 0 0 Sandra Quaye VP of Finance/CFO 170944 0 15000 0 1571 0 18269 0 40075 0 245859 0 0 0 David Starrett Provost & VP of Academic Affairs 107568 0 0 0 0 0 0 0 0 0 107568 0 0 0 Julie Zahn VP of University Advancement 123613 0 0 0 361 0 9818 0 37895 0 171687 0 0 0 Priscilla Marsicovetere Dir.- Master of Phys. Assistant Prog 150831 0 0 0 475 0 13726 0 38507 0 203539 0 0 0 Maria Altobello Dean- College of Health & Nat. Sci. 122402 0 0 0 1207 0 13146 0 23472 0 160227 0 0 0 Mary Palaima Dir.- Doctor Phys. Therapy Prog. 119173 0 0 0 2957 0 10841 0 38940 0 171911 0 0 0 Part I, Line 4a James Dumond, Past Provost & Vice President of Academic Affairs, received $59,238 as part of a separation agreement. Part I, Line 7 Bonus for Sandra Quaye was approved and paid at the discretion of the board of directors. Form 990, Part VII, Line 5: During calendar year 2019, David Starrett, Provost & Vice President of Academic Affairs, was compensated by The Registry, an unrelated organization, for services rendered to the University. Compensation paid by the University to The Registry for services rendered by Mr. Starrett totaled $107,568. A New Hampshire Health and Education Facilities Authority 020279866 2016-11-07 34562000 Construction of college facilities 0 0 0 A 2367812 34562000 675863 33886137 2016 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 A 1 4800 Tuition Waivers Tuition for dependents X 10774 FMV from Receipts X 5 150043 Stock Market Value 0 0 1 0 Form 990, Part III, line 3 Due to COVID-19, the University transitioned to remote learning for the latter part of the Spring Semester. Board revenue was refunded on a pro rata basis. Learning was remote. Form 990, Part VI, Section A, line 8b The minutes are maintained for all full board meetings but are not maintained for the executive sessions. Form 990, Part VI, Section B, line 11b The 990 is reviewed by the CFO, President and the Audit Committee. A draft of the 990 is provided to the entire board of directors prior to filing and they are informed of the planned file date so that any concerns can be communicated prior to filing. The finalized and filed 990 is provided to the entire board after filing. Form 990, Part VI, Section B, line 12c A list of vendors who are paid over $5,000 annually are provided to all Trustees, Officers and key managers and directors. They are required to check the list and sign a document indicating any conflicts of interest. The organization's policy is reviewed annually by the Audit committee. Potential conflicts noted are reviewed annually to determine if action is necessary. Form 990, Part VI, Section B, line 15 The Executive Committee, acting without individuals who have a conflict of interest, will annually review total compensation data compiled by independent organizations such as CUPA, The Chronicle of Higher Education or an independent compensation consulting firm. Franklin Pierce considers comparative data for similarly qualified individuals in functionally comparable positions at similarly situated institutions. It's within the Committee's purview to engage with Human Resources to compile the most relevant data. Form 990, Part VI, Section C, line 19 Franklin Pierce University makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Franklin Pierce University 40 University Drive Rindge, NH 03461 EIN 02-0263136 Franklin Pierce University is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).