2025-02-28T08:40:07-06:00 2024-05-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-06-01 020263136 Franklin Pierce University FRAN 6038994000 40 University Drive Rindge NH 03461 Peter Eden President 6038994000 2025-02-26 1 1 Joseph R Byrne P01289281 2077752387 2025-02-26 2023 2025-03-06 01:10:19Z Peter Eden 40 University Drive Rindge NH 03461 132096880 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. 14 13 1107 75 188726 5400 6335315 3060951 78735810 120332366 732354 1450938 2787 -3491 85806266 124840764 33191754 73144038 0 0 28660303 29146315 0 0 753010 24964744 25467871 86816801 127758224 -1010535 -2917460 92753056 90354301 46503900 45408033 46249156 44946268 X Franklin Pierce University delivers programs and educational experiences that develop essential intellectual and professional skills; promotes close community connections; and empowers our students to realize their potential through the intersection of highly personalized liberal learning, innovative engagement, and professional programming. 0 0 119580262 73144038 120332366 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.Undergraduate Fall Enrollment total Headcount = 1062Traditional Undergraduate = 961Nontraditional/Online = 101Graduate Fall Enrollment Total Headcount = 579Student Faculty Ratio = 13:1Average class size = 16Undergraduate 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 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 AccountingM.B.A. in Sports ManagementMaster of Science in AccountingMaster of Business Administration and Master of Science in Nursing- 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 LeadershipMaster of Physician Assistant StudiesM.S. in Nursing EducationM.S. in Nursing LeadershipDoctor of Physical TherapyGraduate Certificate (multiple business, nursing education)Student:faculty Ratio: 13.1Average Class Size: 16Undergraduate Areas of Study:Accounting/Finance, 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, Sports and Recreation Management, Sports Media, Education Studies, Human Services.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, Business Administration in Accounting, Educational Leadership, Education & Teacher Certification, Accounting, Nursing Leadership, Nursing Education, Physical Therapy, Physician Assistant Studies.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. 119580262 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 220 0 1 1107 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 1 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NH X John Murphy 6038994241 40 University Drive Rindge NH 03461 Steve Duprey Chair 1.00 X X 0 0 0 Genevieve McGillicuddy Vice Chair 1.00 X X 0 0 0 Carol Houle Secretary 1.00 X X 0 0 0 Ellen Arnold Trustee 1.00 X 0 0 0 Derica Carty Trustee 1.00 X 0 0 0 Elizabeth DiPietro Trustee 1.00 X 0 0 0 Scott Hallenbeck Trustee 1.00 X 0 0 0 Alexandra Johnson Trustee 1.00 X 0 0 0 Dominick Miciotta Trustee 1.00 X 0 0 0 Dr Kim Mooney President 40.00 X X 449523 0 55263 Robert Riley Trustee 1.00 X 0 0 0 Rollin Schuster Trustee 1.00 X 0 0 0 Nick Soggu Trustee 1.00 X 0 0 0 Trent Spiner Trustee 1.00 X 0 0 0 Frederick Pierce IV Past Chair 1.00 X X 0 0 0 Sean O'Kane Past Secretary 1.00 X X 0 0 0 Janet Waldron Past Interim CFO/VP Finance 40.00 X 280000 0 0 Thomas Dymbick Past Interim CFO 40.00 X 0 0 0 John Murphy Interim CFO 40.00 X 0 0 0 Catherine Paden Provost 40.00 X 186495 0 34055 Eric Graage VP of University Advancement 40.00 X 195640 0 30564 Priscilla Marsicovetere Dean Coll. Health & Nat Science/HP 40.00 X 178235 0 47277 Sarah Dangelantonio Exec Dean of Assess./Academic Affairs 40.00 X 154522 0 16829 Gwen Goodman Chief Human Resources Officer 40.00 X 141936 0 31309 Linda Quimby VP Enrollment and University Comm. 40.00 X 135843 0 20558 1722194 0 235855 25 0 1 1 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 3120519 Connor Architecture LLC 1656 Massachusetts Avenue Lexington MA 02420 Architecture 1676762 Securitas Security Services USA Inc PO Box 403412 Atlanta GA 303843412 Security 690181 EAB PO Box 603519 Charlotte NC 282603519 Student Recruiting Services 638666 DIGZ PO BOX 137 Rindge NH 03461 Excavating/Contruction 616760 35 34045 532059 2494847 104138 3060951 Tuition and Fees 611710 64801648 64801648 Federal Grants Passthrough 611710 41172448 41172448 Auxiliary Services 713940 13788730 13600004 188726 Miscellaneous Revenue 611710 569540 569540 120332366 436404 436404 8252799 445 7238710 0 1014089 445 1014534 1014534 13915 34045 17406 -3491 -3491 124840764 120143640 188726 1447447 73144038 73144038 1005336 1005336 21294590 19163363 1651148 480079 797442 702812 77023 17607 4507469 3923487 483776 100206 1541478 1329734 178425 33319 340408 340408 94200 94200 185975 185975 4806125 3594202 1136294 75629 333023 331673 1350 1065301 372444 679693 13164 625006 525404 99602 5434594 5075701 358783 110 409196 371643 27054 10499 1113646 1065798 47848 4143259 3965244 178015 1014388 970805 43583 Student Room and Board 2870370 2820036 50334 Athletics 1594868 1594868 Other Expenses 1425952 617450 787455 21047 Federal Perkins Loan ca 11560 11560 127758224 119580262 7424952 753010 X 12131809 8882342 702644 3617841 8876787 5204836 830607 1206047 649286 2333 131689 165136 1175070 1061510 117224828 74041172 42497550 43183656 20292304 22248236 5091389 4387878 373921 394486 92753056 90354301 3978276 2987482 3934536 5545636 29281012 28478626 9310076 8396289 46503900 45408033 X 34248426 32377587 12000730 12568681 46249156 44946268 92753056 90354301 -2917460 1614572 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21158586 282793 2628661 1038000 23032040 21483841 663025 -17280 971000 21158586 22836295 1134670 -1668124 819000 21483841 17224432 2203186 4109677 701000 22836295 14743601 1672029 1348802 540000 17224432 0.58411 0.37487 0.04102 0 0 1104677 1104677 77354949 46359516 30995433 467992 279061 188931 16359406 11822928 4536478 21937804 15579667 6358137 43183656 Capital Lease Obligations 5292006 Student Deposits 3104283 8396289 53141664 1614572 10495 17406 1642473 51499191 185975 73155598 73341573 124840764 54444552 10495 17406 27901 54416651 185975 73155598 73341573 127758224 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 17,406. Part XI, Line 4b - Other Adjustments: Financial Aid 73,144,038. Federal Perkins Loan Cancellation Costs 11,560. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 17,406. Part XII, Line 4b - Other Adjustments: Financial Aid 73,144,038. Federal Perkins Loan Cancellation Costs 11,560. 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 Federal SEOG - Supplemental Educational Opportunity Grant Federal Perkins Loans - This program ended but is still winding down in terms of payments. Federal Stafford Student Loan - Subsidized and unsubsidized Federal PLUS - Parent Loans for Undergraduate Students Federal Work Study Federal PLUS - Graduate Europe (Including Iceland & Greenland) 0 0 Program Services Expenditures related to the Pierce on the Camino Program. 56088 0 0 0 0 0 0 56088 0 56088 0 0 0 0 0 0 Golf Tournament 47960 34045 13915 105 13207 152 3942 47960 34045 13915 105 13207 152 3942 17406 -3491 1 Scholarships 150 613438 FMV Student Tuition Discounts Discounts 1000 31505593 FMV Student Tuition Discounts PELL Grants 338 1729338 FMV Student Tuition Discounts SEOG Grants 75 173834 FMV Student Tuition Discounts CSW Grants 180 158071 FMV Student Tuition Discounts NDSL Grants 1279 38963764 FMV Student Tuition Discounts Schedule I, Part I, Line 2 All Federal assistance is in the form of either Federal Student Loans or Federal Pell and/or Supplemental Educational Opportunity grants. These funds are applied directly to the student's account. Students who earn Federal Work Study are paid bi-weekly in the form of paycheck or direct deposit to an account specified by the student. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Kim Mooney President 397023 0 0 0 52500 0 12825 0 42438 0 504786 0 0 0 Janet Waldron Past Interim CFO/VP Finance 260000 0 0 0 20000 0 0 0 0 0 280000 0 0 0 Eric Graage VP of University Advancement 181693 0 0 0 13947 0 4483 0 26081 0 226204 0 0 0 Priscilla Marsicovetere Dean Coll. Health & Nat Science/HP 158735 0 0 0 19500 0 4833 0 42444 0 225512 0 0 0 Catherine Paden Provost 167295 0 0 0 19200 0 4302 0 29753 0 220550 0 0 0 Gwen Goodman Chief Human Resources Officer 134530 0 0 0 7406 0 3407 0 27902 0 173245 0 0 0 Sarah Dangelantonio Exec Dean of Assess./Academic Affair 146122 0 0 0 8400 0 12046 0 4783 0 171351 0 0 0 Linda Quimby VP Enrollment and University Comm. 135843 0 0 0 0 0 4177 0 16381 0 156401 0 0 0 Form 990, Part VII, Line 5: During calendar year 2023, Janet Waldron, Past Interim CFO/VP of Finance & Accounting, was compensated by The Registry for services rendered to the University. Compensation for Mrs. Waldron totaled $280,000. A New Hampshire Health and Education Facilities Authority 020279866 2016-11-07 34562000 Construction of college facilities 0 0 0 A 5570732 34562000 675863 33886137 2016 0 1 1 1 A 0 0 0 0 0 0 1 A 0 1 0 1 1 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: New Hampshire Health and Education Facilities Authority Date the Rebate Computation was Performed: 10/31/2023 X 8 104138 Stock Market Value 0 0 1 0 Form 990, Part VI, Section A, line 5 In September 2023, the University became aware of fraudulent wire transfer activity occurring on one of its financial accounts committed by anonymous third parties who fraudulently posed as representatives of the University's financial institution. The total amount involved in the fraudulent activity was approximately $957,000. The fraudulent activity was subsequently investigated by applicable Federal and State law enforcement authorities. As a result of this activity, the University took several corrective measures. New user IDs were created for all active University employees with appropriate access to online banking. A two-step authentication process via user's mobile device was created for online banking access. A three-step (three employee) approval process was created for all outgoing ACH/wires. An outgoing ACH/wire exposure risk limit was created. Email/alert notifications for outgoing ACH/wires and positive pay discrepancy are distributed to employees in the University's Finance & Accounting Department. The Bank has also set three specific liaisons with the University; i.e. the University will only be contacted by those specific bank employees. Lastly, with any large ACH/wires and/or discrepancies, the University will be contacted by one of the liaison employees to verify the transaction for accuracy. 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).