2013-03-13T11:00:02-05:00 2012-06-30 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2011-07-01 350868086 FRANKLIN COLLEGE FRAN 3177388000 101 Branigin Blvd Franklin IN 46131 DANIEL SCHLUGE 2013-03-12 true Nicole Bencik P00756195 3175698989 2011 2016-02-25 16:41:14Z JAMES MOSELY 101 Branigin Blvd Franklin IN 46131 64186616 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. 37 36 1020 50 30579 0 5147249 9124775 30830842 31097003 2258733 2435284 110500 116362 38347324 42773424 11661534 12163595 0 0 14943805 14694790 0 89525 1534780 12396160 12787727 39001499 39735637 -654175 3037787 140934328 139645264 19605412 17818733 121328916 121826531 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 15884496 25528660 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE STUDENTS. 12163595 12163595 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 7348092 5676575 STUDENT SERVICES - ACTIVITIES RELATED TO STUDENTS' LIVES OUTSIDE THE CLASSROOM. 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12385583 39735637 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, 2012 AND 2011, 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, 2012 OR 2011. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION DOES RECEIVE ASSISTANCE FROM A GOVERNMENTAL AGENCY EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 154990 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 9478938 SUB SAHARAN AFRICA PROGRAM SERVICES STUDY ABROAD COURSES 49752 SOUTH AMERICA PROGRAM SERVICES STUDY ABROAD COURSES 32115 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY ABROAD COURSES 29344 0 0 9745139 true false true true true false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 EUROPE (INCLUDING ICELAND AND GREENLAND): CASH SUB SAHARAN AFRICA: CASH SOUTH AMERICA: CASH EAST ASIA AND THE PACIFIC: CASH true JOHNSON GROSSNICKLE AND ASSOCIATES 29 SOUTH PARK BLVD GREENWOOD IN 46143 FEASABILITY STUDY false 0 89525 89525 0 89525 89525 IL IN KY OH UGH ANDREWS GOLF OUTING 35405 29614 5791 11169 6048 TOUCHDOWN CLUB GOLF OUTING 15100 10840 4260 5728 1381 0 50505 40454 10051 0 16897 7429 0 0 0 24326 -14275 PROFESSIONAL FUNDRAISER SCHEDULE G, PART I, LINE 2B FIRM WAS RETAINED TO OBTAIN A FEASIBLITY STUDY. NO SOLICITATION WAS PERFORMED. true TRAVEL GRANTS 21 44419 SCHOLARSHIPS 1037 12119176 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 false true X X X X false true false false false false false false false DAVID BRAILOW 127942 0 0 0 0 0 17150 0 18481 0 163573 0 0 0 JAMES MEYER 141714 0 0 0 3940 0 19475 0 19767 0 184896 0 0 0 ALAN HILL 139801 0 0 0 3625 0 19475 0 21529 0 184430 0 0 0 JAMES MOSELEY 241526 0 0 0 20567 0 33621 0 39567 0 335281 0 0 0 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 AND VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT. 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. THERE WERE NO DEFERRALS FOR THE YEAR ENDED JUNE 30, 2012. 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 6725000 0 15005926 0 0 0 191641 54690 0 8843180 5916415 0 2003 true false true true false false true true false 0.0000 0.0000 0.0000 true false true false NA 0.0 false NA 0.0 false true X TOTAL PROCEEDS OF ISSUE PART II, LINE 3 TOTAL PROCEEDS OF ISSUE DOES NOT MATCH ISSUE PRICE BECAUSE THERE WERE $5,926 IN INVESTMENT EARNINGS. FRANKLIN INSURANCE AGENCY OWNED BY TRUSTEE JOHN AULD, JR. 181440 INSURANCE PURCHASED BY FRANKLIN COLLEGE false X 17 3830486 MARKET VALUE X 1 130000 OPINIONS OF EXPERTS 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS REAL ESTATE - RESIDENTIAL: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 15 NUMBER OF 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 2011. 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. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -2540172; 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 STATE OF LEGAL DOMICILE PART IV, COLUMN (C) INDIANA - 3 WASHINGTON - 1