2016-02-15T10:00:14-06:00 2015-06-30 350921680 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2014-07-01 350868086 Franklin College of Indiana FRAN 3177388000 101 Branigin Blvd Franklin IN 46131 Daniel Schluge VP for Business & Finance 2016-02-12 true Nicole Bencik P00756195 3175698989 2014 2016-08-17 19:52:53Z Franklin College Thomas J Minar 101 Branigin Blvd Franklin IN 46131 57323540 false X www.franklincollege.edu X 1834 IN Franklin College prepares graduates, through the liberal arts, to think independently, to lead responsibly, and to serve with integrity in their professions, their communities, and the world. 39 38 956 50 -13084 -46316 3823541 3538106 31647021 34472456 4804615 3238847 80029 95611 40355206 41345020 12565010 14032299 0 0 15590863 15755375 21704 0 1095853 12686217 13499241 40863794 43286915 -508588 -1941895 145308639 140868971 15567932 14964347 129740707 125904624 Franklin College prepares graduates, through the liberal arts, to think independently, to lead responsibly, and to serve with integrity in their professions, their communities, and the world. false false 16916479 27929390 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE STUDENTS. 14032299 14032299 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 7893900 6545506 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. 38842678 true true false true false false true true true true true 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 1501 0 true 956 true true true false false false false true true false false false false X 39 38 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 2.00 X X 0 0 0 Devin Anderson Vice Chair 2.00 X X 0 0 0 John Auld Jr Vice Chair 2.00 X X 0 0 0 William Brown Vice Chair 2.00 X X 0 0 0 Peter Cangany Vice Chair 2.00 X X 0 0 0 Robert DeVoss Vice Chair 2.00 X X 0 0 0 James Due Vice Chair 2.00 X X 0 0 0 James Napolitan Vice Chair 2.00 X X 0 0 0 Susan Williams Vice Chair 2.00 X X 0 0 0 Theressa Wright Vice Chair 2.00 X X 0 0 0 John Talley Vice Chair 2.00 X X 0 0 0 Stephen Huddleston Secretary 2.00 X X 1950 0 0 Robert Schafstall Treasurer 2.00 X X 0 0 0 Constance Van Valer Trustee 2.00 X 0 0 0 Worthe Holt Jr Trustee 2.00 X 0 0 0 John Dickerson Trustee 2.00 X 0 0 0 R Martin Umbarger Trustee 2.00 X 0 0 0 Michael O'Dell Trustee 2.00 X 0 0 0 John Chiarotti Trustee 2.00 X 0 0 0 Scott Gudeman Trustee 2.00 X 0 0 0 Dan Thomasson Trustee 2.00 X 0 0 0 Susan DeVoss Trustee 2.00 X 0 0 0 James Frische Trustee (partial year) 2.00 X 0 0 0 V Von Boll Trustee 2.00 X 0 0 0 Rafael Sanchez Jr Trustee 2.00 X 0 0 0 Mary Ann Collier Trustee 2.00 X 0 0 0 Jeffrey Holt Trustee 2.00 X 0 0 0 William Receveur III Trustee 2.00 X 0 0 0 Jane Repp Trustee 2.00 X 0 0 0 Douglas Tillman Trustee 2.00 X 0 0 0 Mark Harrison Trustee 2.00 X 0 0 0 Dean Abplanalp Trustee 2.00 X 0 0 0 Philip Powell Trustee 2.00 X 0 0 0 Robert Brown Trustee 2.00 X 0 0 0 Daniel Hann Trustee 2.00 X 0 0 0 Katharine Kruse Trustee 2.00 X 0 0 0 Jack Laugle Trustee 2.00 X 0 0 0 Carol Tumey Trustee 2.00 X 1750 0 0 Robert Colin Trustee 2.00 X 0 0 0 Samuel Bush Trustee 2.00 X 0 0 0 James Moseley President 40.00 X 556948 0 76323 Daniel Schluge Vice President for Business & Finance 40.00 X 149328 0 22061 Alan Hill Vice President for Enrollment & Marketing 40.00 X 147049 0 41744 Gail Lowry Vice President for Institutional Advancement 40.00 X 133641 0 38253 David Brailow Vice President for Academic Affairs 40.00 X 130400 0 39861 Ellis Hall Vice President of Student Affairs & Dean of Students 40.00 X 114400 0 22022 Tim Garner Interim Vice President for Enrollment and Marketing 40.00 X 113985 0 15929 Matthew Morris Campaign Director 40.00 X 114816 0 21312 1464267 0 277505 8 false true true SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1941416 SIEMENS BUILDING TECH INC PO BOX 2134 CAROL STREAM IL 60132 ENGINEERING CONSULTANT AND BUILDING SERVICES 180265 PRIORITY PRESS 4026 W 10TH ST INDIANAPOLIS IN 46222 PRINTING AND COMMUNICATION SERVICES 111564 MERCER 21875 NETWORK PLACE CHICAGO IL 606731218 INVESTMENT CONSULTANT 110000 WITTKIEFFER FORD HADELMAN LLOYD CORP 2015 SPRING ROAD SUITE 510 OAK BROOK IL 60523 EXECUTIVE SEARCH FIRM 108029 5 31952 176472 3329682 536686 3538106 Tuition and Fees 611600 27888914 27888914 Auxiliary Enterprises 611600 6403323 6403323 Camps & Conferences-Room 721310 34369 30195 4174 Camps & Conferences-Catering 722320 121885 88023 33862 Bookstore 451211 23965 23965 0 0 0 0 34472456 1994559 -51120 2045679 73074 13915 59159 0 59159 59159 17194241 15949953 1244288 0 1244288 1244288 10628 31952 14652 -4024 -4024 Miscellaneous income 900099 40476 40476 0 0 0 0 40476 41345020 34474896 -13084 3345102 14032299 14032299 1322016 311933 826735 183348 55414 55414 11070562 10351288 237267 482007 1341571 1152323 117651 71597 1074750 925980 88720 60050 891062 773207 64184 53671 122434 122434 93350 93350 205558 205558 2795850 2539957 247499 8394 53961 34797 18792 372 584043 425222 115627 43194 592846 503919 88927 220203 185745 16581 17877 220202 185745 16581 17876 16751 16751 3008808 2895880 85304 27624 386732 386732 Plant Operations 3590591 3455827 101799 32965 Equipment & Equipment Rental 415807 311566 97406 6835 Food 188739 143643 30172 14924 Professional Education and Dues 206147 106239 86050 13858 797219 451694 284264 61261 43286915 38842678 3348384 1095853 447515 805945 3830277 5817218 1205778 1023876 513946 442786 0 0 255412 151093 406316 459428 114104366 68719692 47752825 45384674 52456514 49244670 34792553 34252684 3369024 3011922 278479 274675 145308639 140868971 1845892 1351474 254533 273227 7400000 6925000 145346 151219 0 2886500 3241500 3035661 3021927 15567932 14964347 X 70800222 67261969 18107974 16684410 40832511 41958245 129740707 125904624 145308639 140868971 -1941895 -1894188 0 X false true X true true true X 5147249 9124775 3246413 3823541 3538106 24880084 5147249 9124775 3246413 3823541 3538106 24880084 7228529 17651555 1572660 1882507 2143929 1949311 2067633 9616040 0 30579 0 0 0 30579 9335 10051 12760 14341 10628 57115 34583818 160289618 0.5104 0.5106 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 9335.0, COLUMN B - 10051.0, COLUMN C - 12760.0, COLUMN D - 14341.0, COLUMN E - 10628.0, COLUMN F - 57115.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1408 1408 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The College pays membership dues to an organization in which a portion of the funds are used for lobbying. 0 52935 0 0 X X false false 0 0 0 0 true X 87613381 1059489 1048350 1412536 3592790 84715894 82249777 452035 10768489 1369176 4487744 87613381 79557664 176445 7035560 1347880 3172012 82249777 81566632 3115983 -836466 1195637 3092848 79557664 73862023 1505460 11622245 1155918 4267178 81566632 0.3432 0.4953 0.1615 false false 7270870 7270870 88308476 58411738 29896738 18237739 10307954 7929785 287281 287281 45384674 Fund of funds 8160003 Funds of hedge funds 14003984 Real estate and personal property 4520000 Private Equity 1512638 Private Partnerships 6056059 34252684 Advances from federal agency for student loans 1736839 Liabilities under charitable annuity and unitrust agreements 898051 Capital lease obligation 387037 3021927 X 25241542 -1894188 28567 -1865621 27107163 205558 14032299 14237857 41345020 29077625 28567 28567 29049058 205558 14032299 14237857 43286915 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, 2015 and 2014, 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, 2015 or 2014. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rent Expense - 13915 Fundraiser Expense - 14652 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 14032299 - Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rent Expense - 13915 Fundraiser Expense - 14652 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 14032299 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 A POLICY OF NONDISCRIMINATION ON THE BASIS OF AGE, COLOR, DISABILITY, RACE, RELIGION, GENDER, NATIONAL ORIGIN, AND SEXUAL ORIENTATION IN ANY OF ITS PROGRAMS AND OFFERINGS IN COMPLIANCE WITH TITLE IX OF THE FEDERAL EDUCATIONAL AMENDMENTS OF 1972, OF EXECUTIVE ORDER 11246 AND REVISED ORDER NO. 4 OF THE CIVIL RIGHTS ACT OF 1964 AS AMENDED IN 1972 AND SECTION 504 OF THE REHABILITATION ACT OF 1973. FRANKLIN COLLEGE POSTS THE NONDISCRIMINATION POLICY ON ITS WEBSITE ON WEB PAGES DESIGNED FOR PROSPECTIVE STUDENTS AND ADMITTED STUDENTS. 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. false Europe (Including Iceland and Greenland) 0 Program Services STUDY ABROAD 150005 Central America and the Caribbean 0 Program Services STUDY ABROAD 45907 Sub-Saharan Africa 0 Program Services STUDY ABROAD 61940 Central America and the Caribbean 0 Investments 11527406 East Asia and the Pacific 0 Program Services STUDY ABROAD 9350 0 0 0 0 0 0 11794608 0 11794608 true false true true true false Hugh Andrews Golf Outing 33950 26682 7268 12124 1006 Touchdown Club Golf Outing 8630 5270 3360 1399 123 0 42580 31952 10628 13523 1129 14652 -4024 true TRAVEL GRANTS 27 11781 SCHOLARSHIPS 1044 14020518 Schedule I, Part I, Line 2 Description Of Procedure 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 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 X false true X X X X false true false false false false false false false James Moseley President 246640 0 0 0 310308 0 37400 0 38923 0 633271 0 270745 0 Daniel Schluge Vice President for Business & Finance 149328 0 0 0 0 0 20900 0 1161 0 171389 0 0 0 Alan Hill Vice President for Enrollment & Marketing 144100 0 0 0 2949 0 20832 0 20912 0 188793 0 0 0 Gail Lowry Vice President for Institutional Advancement 129516 0 0 0 4125 0 20319 0 17934 0 171894 0 0 0 David Brailow Vice President for Academic Affairs 130400 0 0 0 0 0 17960 0 21901 0 170261 0 0 0 Schedule J, Part I, Line 1a Travel for companions Travel expenses for the President's wife are paid by the College when she accompanies him during travel. She is expected to be in attendance for fundraising events, meetings with trustees, and various foundation meetings. This is not treated as taxable compensation. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments The College made a gross-up payment of taxes for the President's 457(f) plan in the amount of $18,374. This was 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 of him as part of his 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 4b Supplemental nonqualified retirement plan James G. Moseley, President, participated in a supplemental nonqualified retirement plan 457(f). The conditions of the plan required the President to be employed with the College through June 30, 2014. At this time the president received a pay out of $270,745 from this plan. 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 8075000 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 NA 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. Schedule K, Part I, Column (f) Description Of Purpose Issuer name: Indiana Educational Facilities Authority EXPANSION OF CAMPUS CENTER AND REFUNDING OF 10/7/1999 BOND ISSUE SEE PART V SEE PART V 56000 MERIT BASED SCHOLARSHIP STUDENT FINANCIAL ASSISTANCE FRANKLIN INSURANCE AGENCY OWNED BY TRUSTEE JOHN AULD, JR. 193373 INSURANCE PURCHASED BY FRANKLIN COLLEGE false Sherri Hall Spouse of Officer 55414 Compensation 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 34 508314 Market value X Equipment 2 19490 Market value X Supplies 12 8882 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 Schedule M, Part I, Line 9 Number of contributions or items contributed THE NUMBER OF CONTRIBUTIONS RECEIVED Schedule M, Part I Number of contributions or items contributed THE NUMBER OF CONTRIBUTIONS RECEIVED Schedule M, Part I Number of contributions or items contributed 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 2015. 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 2015. 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