2018-02-15T12:03:31-06:00 2017-06-30 350921680 CROWE HORWATH LLP 135 N Pennsylvania Street Suite 200 Indianapolis IN 46204 990 2016-07-01 350868086 Franklin College of Indiana FRAN 3177388000 101 Branigin Blvd Franklin IN 46131 Daniel Schluge VP for Business & Finance 2018-02-09 true Nicole Bencik P00756195 3176321100 2016 2021-01-29 14:40:06Z Franklin College Daniel Schluge 101 Branigin Blvd Franklin IN 46131 73080102 false X www.franklincollege.edu X 1937 IN A Franklin College education fosters independent thinking, innovation, leadership, and action for ever-changing professions and a globally connected world. 35 34 918 50 11405 -24699 2428447 3129867 35352966 34622140 2016192 3491232 139434 79218 39937039 41322457 14325249 14294428 0 15704465 15667862 0 987070 14027364 13183880 44057078 43146170 -4120039 -1823713 133755481 146824689 13644302 23948349 120111179 122876340 X A Franklin College education fosters independent thinking, innovation, leadership, and action for ever-changing professions and a globally connected world. true false 16592738 28342476 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE AND GRADUATE STUDENTS. 14294428 14294428 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 7707584 6267062 STUDENT SERVICES - ACTIVITIES RELATED TO STUDENTS' LIVES OUTSIDE THE CLASSROOM. THIS INCLUDES: STUDENT AFFAIRS, RESIDENCE LIFE, COLLEGE CHAPLAIN, ADMISSIONS, FINANCIAL AID OFFICE, ACADEMIC RECORDS, AND ATHLETICS. 38594750 true true false true false false false true true true true false false false true true true false true false true false false false true false false false true true true false false false false false false true false true true true false false false false true false false false true 1468 0 true 918 true true true false false false false true true false false false false X 35 34 true false false false false false false true true false false true true true true true true true false false IN X Daniel Schluge 3177388027 101 BRANIGIN BLVD Franklin IN 46131 Christine Fields Chair of the Board 2.0 X X 0 0 0 Daniel Hann Vice Chair 2.0 X X 0 0 0 John Talley Vice Chair 2.0 X X 0 0 0 Robert Brown Vice Chair 2.0 X X 0 0 0 Peter Cangany Vice Chair 2.0 X X 0 0 0 Devin Anderson Vice Chair 2.0 X X 0 0 0 James Napolitan Vice Chair 2.0 X X 0 0 0 James Due Vice Chair 2.0 X X 0 0 0 John Auld Jr Vice Chair 2.0 X X 0 0 0 Susan Williams Vice Chair 2.0 X X 0 0 0 Robert DeVoss Vice Chair 2.0 X X 0 0 0 Stephen Huddleston Secretary 2.0 X X 1950 0 0 Robert Schafstall Treasurer 2.0 X X 0 0 0 Constance Van Valer Trustee 2.0 X 0 0 0 Worthe Holt Jr Trustee 2.0 X 0 0 0 John Dickerson Trustee 2.0 X 0 0 0 R Martin Umbarger Trustee 2.0 X 0 0 0 Michael O'Dell Trustee 2.0 X 0 0 0 John Chiarotti Trustee 2.0 X 0 0 0 Scott Gudeman Trustee 2.0 X 0 0 0 Dan Thomasson Trustee 2.0 X 0 0 0 Susan DeVoss Trustee 2.0 X 0 0 0 V Von Boll Trustee 2.0 X 0 0 0 Rafael Sanchez Jr Trustee 2.0 X 0 0 0 Mary Ann Collier Trustee 2.0 X 0 0 0 William Receveur III Trustee 2.0 X 0 0 0 Jane Repp Trustee-Partial Year 2.0 X 0 0 0 Douglas Tillman Trustee 2.0 X 0 0 0 Mark Harrison Trustee 2.0 X 0 0 0 Katharine Kruse Trustee 2.0 X 0 0 0 Carol Tumey Trustee 2.0 X 2125 0 0 Natalie Roberts Trustee 2.0 X 0 0 0 Todd Bemis Trustee 2.0 X 0 0 0 William Brown Trustee-Partial Year 2.0 X 0 0 0 Theressa Wright Trustee 2.0 X 0 0 0 Robert Colin Trustee 2.0 X 0 0 0 Samuel Bush Trustee 2.0 X 0 0 0 Thomas J Minar President 40.0 X 349530 0 59672 Daniel Schluge Vice President for Business & Finance 40.0 X 154913 0 22180 Tim Garner Interim Provost and Dean of the College 40.0 X 152101 0 28058 Gail Lowry Vice President for Institutional Advancement-Partial Year 40.0 X 135685 0 41526 Ellis Hall Vice President of Student Affairs & Dean of Students 40.0 X 117532 0 24151 Kate Coffman Vice President and Dean of Admissions & Financial Aid 40.0 X 46234 0 33 Mike Leonard Head Football Coach 40.0 X 105445 0 20708 Kerry Prather Director of Athletics & Head Men's Basketball Coach 40.0 X 103426 0 33993 Matthew Morris Campaign Director-Partial Year 40.0 X 100397 0 19054 1269338 0 249375 8 false true true SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 Food Service 1960465 BSA Lifestructures Dept 69 PO Box 6069 Indianapolis IN 462066069 Architecture Design & Engineering 433804 Morgan Stanley Global Banking Operations 1300 Thames St Wharf 4th Floor Baltimore MD 212319907 Investment Consultant 316659 Ologie 447 East Main St Columbus OH 43215 Marketing & Brand Development 189848 Hitchcock Group LLC 1124 Indian Pipe Lane Zionsville IN 46077 Construction Administration 132928 8 60386 169759 2899722 254336 3129867 Tuition and Fees 611600 28310290 28310290 Auxiliary Enterprises 611600 6161814 6161814 Camps & Conferences-Room 721310 25288 20748 4540 Camps & Conferences-Catering 722320 102693 68632 34061 Bookstore 451211 22055 22055 0 0 0 0 34622140 1385315 -33808 1419123 71622 13984 57638 0 57638 57638 33831016 31725099 2105917 0 2105917 2105917 7531 60386 18562 -11031 -11031 Miscellaneous income 900099 32186 25999 6187 Fitness Facility 713940 425 425 0 0 0 0 32611 41322457 34609538 11405 3571647 14294428 14294428 1320188 335044 830357 154787 62584 62584 10986949 10285860 314087 387002 1249655 1074733 124063 50859 1180182 1057613 83156 39413 868304 761899 68996 37409 86993 86993 102675 102675 402781 402781 2844573 2540087 275004 29482 52929 35219 5100 12610 498784 372799 29564 96421 477925 406202 71723 220894 196328 13375 11191 220893 196327 13375 11191 19163 19163 2772109 2664909 81829 25371 357554 357554 Plant Operations 3259566 3133515 96219 29832 Equipment & Equipment Rental 414665 327355 86206 1104 Professional Education and Dues 227580 112121 106405 9054 Food 171679 128193 29951 13535 1053117 609534 365774 77809 43146170 38594750 3564350 987070 256789 278093 6000408 17343448 947066 1044315 523480 479436 0 0 0 153734 151093 313127 322417 118374165 73251854 46571580 45122311 57750881 73091254 18257925 6311656 2709315 2501853 271176 178813 133755481 146824689 1455964 1497849 296935 372891 6425000 17312156 123427 138654 2540000 2000000 2802976 2626799 13644302 23948349 X 64444188 58542856 13083039 20750452 42583952 43583032 120111179 122876340 133755481 146824689 -1823713 4588874 0 X false true X true true true X 3246413 3823541 3538106 2428447 3129867 16166374 0 0 3246413 3823541 3538106 2428447 3129867 16166374 723319 15443055 2143929 1949311 2067633 1951040 1456937 9568850 0 0 0 0 0 0 12760 14341 10628 10957 7531 56217 25791441 168245275 0.5988 0.4848 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 12760.0, COLUMN B - 14341.0, COLUMN C - 10628.0, COLUMN D - 10957.0, COLUMN E - 7531.0, COLUMN F - 56217.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 2337 2337 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The College pays membership dues to Independent Colleges of Indiana, of which $2,337 of the funds are used for lobbying. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The College pays membership dues to Independent Colleges of Indiana, of which $2,337 of the funds are used for lobbying. 0 52935 X false false true X 80617215 940770 7621674 1348825 3223698 84607136 84715894 535052 53992 1452068 3235655 80617215 87613381 1059489 1048350 1412536 3592790 84715894 82249777 452035 10768489 1369176 4487744 87613381 79557664 176445 7035560 1347880 3172012 82249777 0.3271 0.5151 0.1578 false false 11099372 11099372 87437467 62264076 25173391 18862733 10987778 7874955 974593 974593 45122311 Advances from federal agency for student loans 1691361 Liabilities under charitable annuity and unitrust agreements 847597 Capital lease obligation 87841 2626799 X 31246668 4588874 32546 4621420 26625248 402781 14294428 14697209 41322457 28481507 32546 32546 28448961 402781 14294428 14697209 43146170 Schedule D, Part III, Line 4 Collections of art - description of collections Collections from various scholars, dignitaries, and artists enhance the intellectual atmosphere on campus. Schedule D, Part IV, Line 2b Explanation of escrow agreement The College holds cash for student campus organizations, which are funded by an Activity Fee on student's tuition statements. Schedule D, Part V, Line 4 Intended uses of endowment funds The endowment provides support for the operation of the college and helps the college fulfill its mission by providing scholarships and faculty support. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College is exempt from federal income taxes under Section 501(c)(3) of the United States Internal Revenue Code. The College is not considered to be a private foundation. Current accounting standards require the College to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended June 30, 2017 and 2016, management has determined that the College does not have any tax positions that result in any uncertainties regarding the possible impact on the College's financial statements. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College recognizes interest and/or penalties related to income tax matters in income tax expense. The College did not have any amounts accrued for interest and penalties at June 30, 2017 or 2016. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rent Expense - 13984 Fundraiser Expense - 18562 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 14294428 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rent Expense - 13984 Fundraiser Expense - 18562 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 14294428 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Franklin College is committed to the principle and practice of equal opportunity for all its students, faculty, employees and applicants for admission and employment. For that reason, the college provides equal employment opportunities to all of its employees and applicants on the basis of merit and without regard to the individual's race, color, religion, gender, disability, age, national origin, marital status, or sexual orientation in accordance with state and federal laws and any other characteristic protected by law. The college prohibits, forbids, and will not tolerate any verbal, physical or other conduct that belittles or demeans any individual on the basis of the above-listed statuses. All employees, managers, supervisors and job applicants are covered by this commitment. No person or employee, no matter what his or her title or position, has the authority expressed, actual, apparent or implied to discriminate against any employee of the college. This policy applies to all terms and conditions of employment, admission to and enrollment in Franklin College, including, but not limited to, recruitment, selection, hiring, benefits, educational policies, admission policies, financial aid, scholarship and loan programs, housing athletic and other college-administered programs and activities. Franklin College posts the nondiscrimination policy on its website. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The organization receives Pell Grants, SEOG and Work Study funds from the federal government. The organization also receives funds from the State of Indiana which include 21st Century, Freedom of Choice, and other Hoosier scholarships and/or grants. true Europe (Including Iceland and Greenland) 0 Program Services STUDY ABROAD 208902 Central America and the Caribbean 0 Program Services STUDY ABROAD 56868 Sub-Saharan Africa 0 Program Services STUDY ABROAD 71265 Central America and the Caribbean 0 0 Investments 1057573 East Asia and the Pacific 0 Program Services STUDY ABROAD 1300 South America Program Services STUDY ABROAD 2800 0 0 0 0 0 0 1398708 0 1398708 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds The Financial Aid Office and Business Office operate together to ensure grants are used for educational purposes. Grants are applied to students' accounts by the Business Office after the grants are approved and disbursed by the Financial Aid Office. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS The Financial Aid Office and Business Office operate together to ensure grants are used for educational purposes. Grants are applied to students' accounts by the Business Office after the grants are approved and disbursed by the Financial Aid Office. Andrews Golf Outing 29974 26123 3851 1694 9506 360 1768 Touchdown Club/Griz Golf Outing 37943 34263 3680 4795 419 20 0 67917 60386 7531 1694 14301 779 1788 18562 -11031 true SCHOLARSHIPS 977 14294428 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Financial Aid Office and Business Office operate together to ensure grants are used for educational purposes. Grants are applied to students' accounts by the Business Office after the grants are approved and disbursed by the Financial Aid Office. X X X false true X X X X true false false false false false false true false Thomas J Minar President 303699 0 20000 0 25831 0 38900 0 20772 0 409202 0 0 0 Daniel Schluge Vice President for Business & Finance 142911 0 0 0 12002 0 21637 0 543 0 177093 0 0 0 Tim Garner Interim Provost and Dean of the College 150526 0 0 0 1575 0 21013 0 7045 0 180159 0 0 0 Gail Lowry Vice President for Institutional Advancement-Partial Year 131938 0 0 0 3747 0 20346 0 21180 0 177211 0 0 0 Schedule J, Part I, Line 1a Travel for companions Travel expenses for the President's spouse are paid by the College when accompanying him during travel. The spouse is expected to be in attendance for fundraising events, meetings with trustees, and various meetings. This is not treated as taxable compensation. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The President is required to reside in the President's home as part of his duties as President. Because this is required as part of employment, this is not treated as taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Club dues are paid for the President. All are treated as taxable compensation and appear on the Forms W-2 for these individuals. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses The Board of Trustees determines eligibility for these benefits for the President. The President approves reimbursement for all other staff/faculty positions. Schedule J, Part I, Line 4a Severance or change-of-control payment Matthew Morris - Campaign Director was paid $31,406 in severance. Schedule J, Part I, Line 7 Non-fixed payments The President received incentive compensation for performance. The payment amount was designated by the Board. A Indiana Finance Authority 351602316 000000000 2017-06-08 17000000 Construction, renovation, expansion of Science Center, and refunding of the Series 2003 Bonds false false false A 0 0 17000000 0 0 0 0 0 0 0 5900000 11100000 true false false true A false false true true false 0.0 0.0 0.0 false false true A false true false false true false false false true A true SEE PART V SEE PART V 136970 MERIT BASED SCHOLARSHIP STUDENT FINANCIAL ASSISTANCE Sherri Hall Spouse of Officer Ellis Hall 61912 Compensation false John Auld Jr Owner of Franklin Insurance Agency 161777 Insurance purchased by Franklin College false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS PER IRS INSTRUCTIONS, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST, IN PART III, GROUP EACH TYPE OF FINANCIAL ASSISTANCE (FOR EXAMPLE, NEED-BASED SCHOLARSHIPS, MERIT SCHOLARSHIPS, DISCOUNTED TUITION) PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL SHOULD REPORT IN COLUMN (C) THE AGGREGATE DOLLAR AMOUNT OF EACH TYPE OF ASSISTANCE, THE TYPE OF ASSISTANCE IN COLUMN (D), AND THE PURPOSE OF THE ASSISTANCE IN COLUMN (E), UNLESS SUCH REPORTING WOULD BE AN UNAUTHORIZED DISCLOSURE OF STUDENT EDUCATION RECORDS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). COLUMNS (A) AND (B) SHOULD BE LEFT BLANK FOR THESE LINES. X 19 157053 Market value X 1 78500 Market value X Equipment 5 16189 Market value X Supplies 12 2594 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributions Received Other - Equipment The number of contributions received Other - Supplies The number of contributions received Real estate - Residential - The number of contributions received Form 990, Part III, Line 2 New program services Franklin began its Master's in Athletic Training program during the year. It is the first graduate degree program offered by the college. Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS THE PRESIDENT IS RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR ALL EMPLOYEES AND OTHER OFFICERS OF THE COLLEGE. ON OCCASION, THE PRESIDENT USES COMPARABILITY DATA FROM THE INDEPENDENT COLLEGES OF INDIANA, CUPA, AND SALARY SURVEYS TO DETERMINE COMPENSATION AS NEEDED. THIS PROCESS IS COMPLETED ANNUALLY AND WAS LAST UNDERTAKEN IN 2017. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall be composed of the Chairman, the immediate past chairman, the ten Vice-Chairs, the Secretary, and the Treasurer, all ex officio with vote. The President shall be a member ex officio without vote. The Chairman of the Board shall serve as Chairman of the Executive Committee. At the call of the Chairman, the committee shall meet between regular meetings of the Board for the purpose of expediting orders of the Board of Trustees and overseeing the approved program and development of the College. The Executive Committee shall have and may exercise, during the intervals between the meetings of the Board of Trustees, all powers vested in the Board of Trustees, but actions taken by the executive committee may be subject to review. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons SUSAN DEVOSS AND ROBERT DEVOSS - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed by the audit committee. Then a copy of the form 990 is provided to every member of the governing body before it is filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy All employees and Trustees annually sign a conflict of interest statement. The President is responsible for reviewing the statements for College employees. The Audit Committee is responsible for reviewing the statements of the Trustees and the President. Any Board member conflicts of interest that are disclosed are reported to the Chair of the Board who ensures the individual abstains from voting on matters related to the conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official The President's Committee of the Board of Trustees establishes the President's compensation annually. This is done through a review process by which the President's performance is assessed. The Committee uses comparative salary data, including Forms 990 of other organizations, to make its final decision. The decision is then recommended to the Board of Trustees. The Board then votes on the matter. The deliberations and decisions are documented in the board minutes. This process was last undertaken in 2017. Form 990, Part VI, Line 19 Required documents available to the public AN ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. CHARITABLE REMAINDER TRUSTS (4) CHARITABLE REMAINDER TRUST IN FRANKLIN COLLEGE Trust false false false false false false false false false false false false false false false false false false false STATE OF LEGAL DOMICILE INDIANA - 3 WASHINGTON - 1