2014-02-12T17:00:08-06:00 2013-06-30 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2012-07-01 350868086 FRANKLIN COLLEGE OF INDIANA FRAN 3177388000 101 Branigin Blvd Franklin IN 46131 DANIEL SCHLUGE 2013-10-08 true Nicole Bencik P00756195 3175698989 2012 2015-11-30 17:44:51Z FRANKLIN COLLEGE JAMES G MOSELEY 101 Branigin Blvd Franklin IN 46131 67067784 false X WWW.FRANKLINCOLLEGE.EDU X 1834 IN FRANKLIN COLLEGE SHALL ATTAIN EXCELLENCE AS A LIBERAL ARTS TEACHING AND LEARNING UNDERGRADUATE COMMUNITY. THE COLLEGE SHALL MOTIVATE AND PREPARE ITS GRADUATES FOR LIVES OF EXCELLENCE, LEADERSHIP, & SERVICE. 34 31 974 50 -40028 -44726 9124775 3246413 31097003 32017848 2435284 4530496 116362 101279 42773424 39896036 12163595 12502135 0 0 14694790 15050523 89525 0 1534918 12787727 13037128 39735637 40589786 3037787 -693750 139645264 141309216 17818733 17670315 121826531 123638901 FRANKLIN COLLEGE SHALL ATTAIN EXCELLENCE AS A PERSONAL, PARTICIPATORY, VALUES-FOCUSED, CAREER-SENSITIVE, LIBERAL ARTS TEACHING AND LEARNING UNDERGRADUATE COMMUNITY. THE COLLEGE SHALL MOTIVATE AND PREPARE ITS GRADUATES FOR PRODUCTIVE AND SATISFYING LIVES OF EXCELLENCE, LEADERSHIP AND SERVICE. false false 15700092 26211523 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE STUDENTS. 12502135 12502135 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 7699035 5883988 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. 35901262 true true false false 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 false false false true true false false false false true false false false false true 1485 0 true 974 true true true false false false false true true false false false false X 34 31 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 2.00 X X 0 0 0 JAMES DUE 2.00 X X 0 0 0 JAMES NAPOLITAN 2.00 X X 0 0 0 JOHN AULD JR 2.00 X X 0 0 0 MARY ANN COLLIER 2.00 X X 0 0 0 PETER CANGANY 2.00 X X 0 0 0 ROBERT SCHAFSTALL 2.00 X X 0 0 0 SUSAN DEVOSS 2.00 X X 0 0 0 SUSAN WILLIAMS 2.00 X X 0 0 0 THERESSA WRIGHT 2.00 X X 0 0 0 WILLIAM BROWN 2.00 X X 0 0 0 WILLIAM RECEVEUR III 2.00 X X 0 0 0 CONSTANCE VAN VALER 2.00 X 0 0 0 DAN THOMASSON 2.00 X 0 0 0 DEAN ABPLANALP 2.00 X 0 0 0 DEBORAH DAVIS 2.00 X 0 0 0 DEVIN ANDERSON 2.00 X 0 0 0 DOUGLAS TILLMAN 2.00 X 0 0 0 JAMES FRISCHE 2.00 X 0 0 0 JANE REPP 2.00 X 0 0 0 JEFFERY HOLT 2.00 X 0 0 0 JOHN CHIAROTTI 2.00 X 0 0 0 JOHN DICKERSON 2.00 X 0 0 0 MARK HARRISON 2.00 X 0 0 0 MICHAEL O'DELL 2.00 X 0 0 0 PAMELA HICKS 2.00 X 0 0 0 PHILIP POWELL 2.00 X 0 0 0 R MARTIN UMBARGER 2.00 X 0 0 0 RAFAEL SANCHEZ JR 2.00 X 0 0 0 ROBERT DEVOSS 2.00 X 0 0 0 SCOTT GUDEMAN 2.00 X 0 0 0 STEPHEN HUDDLESTON 2.00 X 0 0 0 V VON BOLL 2.00 X 0 0 0 WORTHE HOLT JR 2.00 X 0 0 0 ALAN HILL 40.00 X 139125 0 24437 DANIEL SCHLUGE 40.00 X 32057 0 112 DAVID BRAILOW 40.00 X 125800 0 19381 GAIL LOWRY 40.00 X 48303 0 3030 JAMES MOSELEY 40.00 X 258707 0 162276 LISA FEARS 40.00 X 104500 0 4914 ELLIS HALL 40.00 X 104900 0 5314 813392 0 219464 5 false true false SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1690424 MERCER PO BOX 730182 DALLAS TX 753730182 INVESTMENT MANAGEMENT 125000 OXFORD FINANCIAL GROUP LTD PO BOX 80238 INDIANAPOLIS IN 462800238 INVESTMENT MANAGEMENT 102767 3 38338 182393 3025682 246831 3246413 TUITION AND FEES 611600 26133860 26133860 AUXILIARY ENTERPRISES 611600 5883988 5883988 0 0 0 0 0 0 0 32017848 2089937 -48183 2138120 0 0 53992 9106 44886 0 44886 7380 37506 29581931 27141372 2440559 0 2440559 2440559 12760 38338 21270 -8510 -8510 0 0 MISCELLANEOUS INCOME 900099 64128 64128 FITNESS FACILITY 713940 775 775 0 0 0 0 0 64903 39896036 32081976 -40028 4607675 0 12502135 12502135 0 0 1048927 163352 756733 128842 241014 241014 10803811 9890540 161568 751703 1235053 1013865 155104 66084 878571 736604 86115 55852 843147 718844 62364 61939 0 35746 0 35746 0 98730 0 98730 0 0 0 216231 216231 2386486 2181768 113947 90771 53080 28470 0 24610 660760 486863 50076 123821 115163 115163 0 0 231603 207981 6986 16636 0 231603 207981 6986 16636 99371 74690 24681 0 3022849 2710644 284886 27319 161564 161564 PLANT OPERATIONS 3234895 2919204 286466 29225 EQUIPMENT & EQUIPMENT RENTAL 968024 871714 87957 8353 FOOD 229063 194808 18730 15525 PROFESSIONAL EDUCATION AND DUES 219669 94024 103565 22080 1072291 782612 194157 95522 40589786 35901262 3153606 1534918 0 407508 384755 2757341 3863035 1078122 1212787 443429 504626 0 0 256911 258202 563613 440937 111859440 62795598 50749008 49063842 48281472 49023033 30853841 32557575 3862998 3610043 391021 390381 139645264 141309216 1621556 1789229 315408 287890 8275000 7850000 164344 144583 0 0 4543426 4474500 2898999 3124113 17818733 17670315 X 66152684 68617734 14607196 14772300 41066651 40248867 121826531 123638901 139645264 141309216 -693750 2506120 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 52935 X X false false true X 79557664 176445 7035560 1347880 3172012 82249777 81566632 3115983 -836466 1195637 3092848 79557664 73862023 1505460 11622245 1155918 4267178 81566632 69774138 673374 7652516 1122251 3115754 0 73862023 90221640 351726 -16686329 1109140 3003759 0 69774138 0.36460 0.48930 0.14610 false false 7235078 7235078 86638897 62795598 23843299 0 17568404 17568404 417061 417061 49063842 0 0 MUTUAL FUNDS, BONDS 2016714 F PRIVATE PARTNERSHIPS 6710211 F FUNDS OF HEDGE FUNDS 10521517 F FUND OF FUNDS 7976289 F PRIVATE EQUITY 600570 F REAL ESTATE AND PERSONAL PROPERTY 4732274 F 32557575 0 LIABILITIES UNDER CHARITABLE ANNUITY AND UNITRUST AGREEMENTS 914845 CAPITAL LEASE OBLIGATION 432582 ADVANCES FROM FEDERAL AGENCY FOR STUDENT LOANS 1776686 3124113 X Collections of art - description of collections Schedule D, Part III, Line 4 COLLECTIONS FROM VARIOUS SCHOLARS, DIGNITARIES, AND ARTISTS ENHANCE THE INTELLECTUAL ATMOSPHERE ON CAMPUS. Explanation of escrow agreement Schedule D, Part IV, Line 2b THE COLLEGE HOLDS CASH FOR STUDENT CAMPUS ORGANIZATIONS, WHICH ARE FUNDED BY AN ACTIVITY FEE ON STUDENT'S TUITION STATEMENTS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT PROVIDES SUPPORT FOR THE OPERATION OF THE COLLEGE AND HELPS THE COLLEGE FULFILL ITS MISSION BY PROVIDING SCHOLARSHIPS AND FACULTY SUPPORT. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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, 2013 AND 2012, 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 IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2009. 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, 2013 OR 2012. true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 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. Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a THE ORGANIZATION DOES RECEIVE ASSISTANCE FROM A GOVERNMENTAL AGENCY false EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 144625 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 26087 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 50752 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 28848 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 10521517 0 0 10771829 true false true true true false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL HUGH ANDREWS GOLF OUTING 32864 26088 6776 12187 1701 TOUCHDOWN CLUB GOLF OUTING 18234 12250 5984 7208 174 0 51098 38338 12760 0 19395 1875 0 0 0 21270 -8510 true TRAVEL GRANTS 27 14068 SCHOLARSHIPS 1029 12488067 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE FINANCIAL AID OFFICE AND THE 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 true false false false false false false false ALAN HILL 135500 0 0 0 3625 0 0 0 24437 0 163562 0 0 0 JAMES MOSELEY 236965 0 0 0 21742 0 121209 0 41067 0 420983 0 0 0 Travel for companions Schedule J, Part I, Line 1a 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. Housing allowance or residence for personal use Schedule J, Part I, Line 1a 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. Health or social club dues or initiation fees Schedule J, Part I, Line 1a CLUB DUES ARE PAID FOR THE PRESIDENT. ALL ARE TREATED AS TAXABLE COMPENSATION AND APPEAR ON THE FORMS W-2 FOR THESE INDIVIDUALS. Written policy regarding payment or reimbursement of expenses Schedule J, Part I, Line 1b THE BOARD OF TRUSTEES DETERMINES ELIGIBILITY FOR THESE BENEFITS FOR THE PRESIDENT. THE PRESIDENT DOES SO FOR ALL OTHER STAFF/FACULTY POSITIONS. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b JAMES G. MOSELEY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F). THERE WERE CONTRIBUTIONS OF $121,209 FOR THE YEAR ENDED JUNE 30, 2013. THE CONDITIONS OF THE PLAN REQUIRED THE PRESIDENT TO BE EMPLOYED WITH THE COLLEGE THROUGH 2012. 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 7150000 0 15005926 0 0 0 191641 54690 0 8843180 5916415 0 2003 true false true true A false false true true false false 0.0000 0.0000 0.0000 false false 0.0000 false false A false false false true true false NA 0 false false false NA 0 false false false A false TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF ISSUE DOES NOT MATCH ISSUE PRICE BECAUSE THERE WERE $5,926 IN INVESTMENT EARNINGS. EXCEPTION TO REBATE SCHEDULE K, PART IV, LINE 2C 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. ARBITRAGE SCHEDULE K, PART IV, LINE 7 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. NON QUALIFIED BONDS SCHEDULE K, PART III, LINE 9 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. FRANKLIN INSURANCE AGENCY OWNED BY TRUSTEE JOHN AULD, JR. 163744 INSURANCE PURCHASED BY FRANKLIN COLLEGE false X 21 246831 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: THE NUMBER OF PERSONS WHO MADE CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 THE NUMBER OF PERSONS WHO MADE CONTRIBUTIONS Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a 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. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 SUSAN DEVOSS AND ROBERT DEVOSS - FAMILY RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a 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 2012. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FORM 990, PART VI, LINE 15B THE PRESIDENT IS RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR ALL EMPLOYEES AND OTHER OFFICERS OF THE COLLEGE. 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. THE DELIBERATION AND DECISIONS ARE DOCUMENTED. THIS PROCESS IS COMPLETED ANNUALLY AND WAS LAST UNDERTAKEN IN 2011. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 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 PART IV, COLUMN (C) INDIANA - 3 WASHINGTON - 1