2017-02-14T14:00:43-06:00 2016-06-30 350921680 CROWE HORWATH LLP 10 West Market Street Suite 2000 Indianapolis IN 462042975 990 2015-07-01 350868086 Franklin College of Indiana FRAN 3177388000 101 Branigin Blvd Franklin IN 46131 Daniel Schluge VP for Business & Finance 2017-02-14 true Nicole Bencik P00756195 3176321100 2015 2021-01-29 14:40:06Z Franklin College Daniel Schluge 101 Branigin Blvd Franklin IN 46131 107403834 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. 37 36 925 50 -12596 -62506 3538106 2428447 34472456 35352966 3238847 2016192 95611 139434 41345020 39937039 14032299 14325249 0 15755375 15704465 0 1140045 13499241 14027364 43286915 44057078 -1941895 -4120039 140868971 133755481 14964347 13644302 125904624 120111179 A Franklin College education fosters independent thinking, innovation, leadership, and action for ever-changing professions and a globally connected world. false false 17019520 28724098 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE STUDENTS. 14325249 14325249 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 7980247 6674674 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. 39325016 true true false true false false false true true true true true false false true true true false true false true false true false true false false false true true true false false false false false false true false true false true false false false false true false false false true 1547 0 true 925 true true true false false false false true true false false false false X 37 36 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 Devin Anderson Vice Chair 2.0 X X 0 0 0 John Auld Jr Vice Chair 2.0 X X 0 0 0 William Brown Vice Chair 2.0 X X 0 0 0 Peter Cangany Vice Chair 2.0 X X 0 0 0 James Due Vice Chair 2.0 X X 0 0 0 Robert DeVoss Vice Chair 2.0 X X 0 0 0 James Napolitan Vice Chair 2.0 X X 0 0 0 John Talley Vice Chair 2.0 X X 0 0 0 Susan Williams Vice Chair 2.0 X X 0 0 0 Theressa Wright 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 2.0 X 0 0 0 Douglas Tillman Trustee 2.0 X 0 0 0 Mark Harrison Trustee 2.0 X 0 0 0 Dean Abplanalp Trustee- Partial Year 2.0 X 0 0 0 Katharine Kruse Trustee 2.0 X 0 0 0 Carol Tumey Trustee 2.0 X 1750 0 0 Philip Powell Trustee -Partial Year 2.0 X 0 0 0 Robert Brown Trustee 2.0 X 0 0 0 Daniel Hann 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 Natalie Roberts Trustee 2.0 X 0 0 0 Todd Bemis Trustee 2.0 X 0 0 0 Thomas J Minar President (Began July 1, 2015) 40.0 X 165871 0 27677 Daniel Schluge Vice President for Business & Finance 40.0 X 153000 0 21893 Gail Lowry Vice President for Institutional Advancement 40.0 X 135853 0 38449 David Brailow Vice President for Academic Affairs 40.0 X 135000 0 45023 Ellis Hall Vice President of Student Affairs & Dean of Students 40.0 X 116600 0 22618 Tim Garner Interim Provost and Dean of the College 40.0 X 136965 0 24767 Matthew Morris Campaign Director 40.0 X 116875 0 32963 James Moseley Former President 40.0 X 135270 0 40114 1099134 0 253504 8 true true true SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1958649 GILSON 2000 OAK INDUSTRIAL DR GRAND RAPIDS MI 49505 PRINTING PRODUCTION/DIRECT MAIL 101390 2 33895 164212 2230340 239121 2428447 Tuition and Fees 611600 28642207 28642207 Auxiliary Enterprises 611600 6514613 6514613 Camps & Conferences-Room 721310 47850 42025 5825 Camps & Conferences-Catering 722320 124986 94726 30260 Bookstore 451211 23310 23310 0 0 0 0 35352966 1881330 -49356 1930686 69710 14742 54968 0 54968 54968 67577858 67442996 134862 0 134862 134862 10957 33895 9057 1900 1900 Miscellaneous income 900099 81891 81891 Fitness Facility 713940 675 675 0 0 0 0 82566 39937039 35398772 -12596 2122416 14303649 14303649 21600 21600 1251353 318849 746276 186228 60033 60033 11104720 10238421 346711 519588 1297963 1086755 125136 86072 1096207 965529 66653 64025 894189 770545 67261 56383 101710 0 101710 0 97825 0 97825 0 0 0 253949 0 253949 0 2894536 2603337 259040 32159 87782 51888 30433 5461 621382 439277 146461 35644 477587 405949 71638 0 308448 272533 13714 22201 308448 272533 13714 22201 13560 0 13560 0 2956969 2800942 129460 26567 407951 0 407951 0 Plant Operations 3764609 3565966 164820 33823 Equipment & Equipment Rental 573987 445381 121301 7305 Food 220440 160762 43581 16097 Professional Education and Dues 246325 106543 126346 13436 691856 434524 244477 12855 44057078 39325016 3592017 1140045 805945 256789 5817218 6000408 1023876 947066 442786 523480 0 0 151093 153734 459428 313127 117189151 70617571 45384674 46571580 49244670 57750881 34252684 18257925 3011922 2709315 274675 271176 140868971 133755481 1351474 1455964 273227 296935 6925000 6425000 151219 123427 3241500 2540000 3021927 2802976 14964347 13644302 X 67261969 64444188 16684410 13083039 41958245 42583952 125904624 120111179 140868971 133755481 -4120039 -1673406 0 X false true X true true true X 9124775 3246413 3823541 3538106 2428447 22161282 0 0 9124775 3246413 3823541 3538106 2428447 22161282 6527515 15633767 1882507 2143929 1949311 2067633 1951040 9994420 30579 0 0 0 0 30579 10051 12760 14341 10628 10957 58737 32245018 164805070 0.4848 0.5104 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 10051.0, COLUMN B - 12760.0, COLUMN C - 14341.0, COLUMN D - 10628.0, COLUMN E - 10957.0, COLUMN F - 58737.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 2008 2008 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 $2,008 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 $2,008 of the funds are used for lobbying. 0 52935 X false false true X 84715894 535052 53992 1452068 3235655 80617215 87613381 1059489 1048350 1412536 3592790 84715894 82249777 452035 10768489 1369176 4487744 87613381 79557664 176445 7035560 1347880 3172012 82249777 81566632 3115983 -836466 1195637 3092848 79557664 0.3219 0.5282 0.1499 false false 11020870 11020870 87298131 60024935 27273196 18582869 10592636 7990233 287281 287281 46571580 Fund of funds 201055 Funds of hedge funds 9511891 Real estate and personal property 770000 Private Equity 1749805 Private Partnerships 6025174 18257925 Advances from federal agency for student loans 1717231 Liabilities under charitable annuity and unitrust agreements 857113 Capital lease obligation 228632 2802976 X 23708234 -1673406 23799 -1649607 25357841 253949 14325249 14579198 39937039 29501679 23799 23799 29477880 253949 14325249 14579198 44057078 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, 2016 and 2015, 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, 2016 or 2015. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rent Expense - 14742 Fundraiser Expense - 9057 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 14325249 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rent Expense - 14742 Fundraiser Expense - 9057 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 14325249 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 150018 Central America and the Caribbean 0 Program Services STUDY ABROAD 1200 Sub-Saharan Africa 0 Program Services STUDY ABROAD 3800 Central America and the Caribbean 0 Investments 9511891 East Asia and the Pacific 0 Program Services STUDY ABROAD 43904 0 0 0 0 0 0 9710813 0 9710813 Scholarships Europe (Including Iceland and Greenland) 2 21600 Credit against student account FMV 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. Hugh Andrews Golf Outing 21141 18288 2853 500 1658 Touchdown Club Golf Outing 23711 15607 8104 6896 3 0 44852 33895 10957 7396 1661 9057 1900 true SCHOLARSHIPS 1057 14303649 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 false false false false false false false false false Thomas J Minar President (Began July 1, 2015) 148500 0 0 0 17371 0 18644 0 9033 0 193548 0 0 0 Daniel Schluge Vice President for Business & Finance 151000 0 0 0 2000 0 21350 0 543 0 174893 0 0 0 Gail Lowry Vice President for Institutional Advancement 131728 0 0 0 4125 0 20075 0 18374 0 174302 0 0 0 David Brailow Vice President for Academic Affairs 135000 0 0 0 0 0 18650 0 26373 0 180023 0 0 0 Tim Garner Interim Provost and Dean of the College 135944 0 0 0 1021 0 18792 0 5975 0 161732 0 0 0 James Moseley Former President 115440 0 0 0 19830 0 18596 0 21518 0 175384 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. A Indiana Educational Facilities Authority 521698917 455048U48 2003-12-03 15000000 EXPANSION OF CAMPUS CENTER AND REFUNDING OF 10/7/1999 BOND ISSUE false false false A 8575000 0 15005926 0 0 0 191641 54690 0 8843180 5916415 0 2003 true false true true A false false true true false 0.0 0.0 0.0 false false true A false false false true true false false NA false true A true Schedule K, Part II, Line 3 Total proceeds of issue Total proceeds of issue does not match issue price because there were $5,926 in investment earnings. Schedule K, Part IV, Line 2c Exception to Rebate A bond counsel report dated December 21, 2006 explains that Franklin College falls under the exception to rebate. The report states that arbitrage considerations are not required due to bond proceeds being completely expended and no other debt proceeds subject to rebate. SEE PART V SEE PART V 91525 MERIT BASED SCHOLARSHIP Student Financial Assistance Sherri Hall Spouse of Officer Ellis Hall 60033 Compensation false Sodexo Inc Business Transaction 1958649 Food Services 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 14 159284 Market value X Equipment 4 72000 Market value X Supplies 9 7837 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: The number of contributions received Other: The number of contributions received 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 OCCASSION, THE PRESIDENT USES COMPARABILITY DATA FROM OTHER INDIANA INDEPENDENT COLLEGES AND UNIVERSITIES THAT IS MADE AVAILABLE FROM THE INDEPENDENT COLLEGES OF INDIANA TO DETERMINE COMPENSATION AS NEEDED. THIS PROCESS IS COMPLETED ANNUALLY AND WAS LAST UNDERTAKEN IN 2016. 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 2016. 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