2026-03-05T18:45:39-05:00 2025-06-30 WITHUMSMITHBROWNPC 155 SEAPORT BOULEVARD BOSTON MA 02210 990 2024-07-01 042103576 BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY % KEVIN HEPNER BENJ 6174234630 1011 HARRISON AVENUE ROXBURY MA 02119 KEVIN L HEPNER CFO 6174234630 2026-03-03 true true ISRAEL TANNENBAUM P01589203 6172273333 2024 2025-03-06 01:10:19Z X DR AISHA FRANCIS 1011 HARRISON AVENUE ROXBURY MA 02119 27084080 false X WWW.FRANKLINCUMMINGS.EDU X 1913 MA BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S mission is to deliver transformative technical and trade education that leads to economic advancement. 22 21 176 21 0 0 20924339 13816246 10253097 12373440 117693 121837 148300 203232 31443429 26514755 12527269 5305163 0 0 8974389 10136021 0 0 675167 6704236 8461356 28205894 23902540 3237535 2612215 45231193 49978288 33169487 35304367 12061706 14673921 X BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY IS AN AFFORDABLE, URBAN COLLEGE SERVING THE BOSTON REGION AND COMMITTED TO STUDENT SUCCESS AND CAREER READINESS IN TECHNOLOGY FIELDS. THROUGH PERSONALIZED SUPPORT, HANDS-ON LEARNING, AND INDUSTRY-INFORMED CURRICULA, BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY PREPARES GRADUATES FOR WORK, LIFE-LONG LEARNING, AND CITIZENSHIP. false false 17840387 5305163 12373440 Benjamin Franklin Cummings Institute of Technology (Franklin Cummings Tech) offers programs that align with job opportunities in high-growth fields like clean energy, robotics, automation, construction management, and biotech. Franklin Cummings Tech achieved an operating surplus in the past four consecutive fiscal years. Total operating dollars raised were up 34% over last fiscal year. For fiscal year 2025 net tuition revenue represented 33% of total operating revenue and contributions and grants represented 62% of revenue with the remaining 4% coming from other income. Franklin Cummings Tech currently has approximately 147 full and part-time faculty and staff. Franklin Cummings Tech believes in making personalized, flexible education affordable and accessible for everyone, creating a more equitable and resilient Greater Boston through access to family-sustaining income. During the year the college served a total of 1,125 students, a 12% increase over last year with 55% traditional students, 29% in the newly created division of workforce development and continuing studies, and 16% in early college programs. During Fiscal year 2023 Franklin Cummings Tech received all its approvals for the development of a new campus in the Nubian Square neighborhood of Boston. In March of 2024 the college closed on its bridge financing and construction began on the new campus. It also closed on a New Market Tax Credit program which will net $9.3 million towards the project costs. As of June 30, 2025, the College incurred a total of $42,824,126 in development and construction costs. Construction is expected to be completed in the fall of 2025. 17840387 true true false true false false false false false true true false false false true true false true true false false false false false false false false false true true false false false false false false false false true false false false false true true false false false true 75 0 true 176 true false false false false false false false false false true false false false X 22 21 false false false false false false false true true false false true true true true true true true true false MA X KEVIN HEPNER 6175881376 1011 HARRISON AVENUE ROXBURY MA 02119 X Aisha Francis PhD President & CEO 35.0 1.0 X X 314502 0 36294 Michael Goldstein CHIEF INNOVATION OFFICER 35.0 0.0 X 156684 0 21106 Marvin Loiseau Dean of Academics/Stdnt Affair 35.0 0.0 X 156860 0 15481 Kevin Hepner Chief Financial Officer 35.0 1.0 X 152467 0 11435 Jackie Cornog Chief of Staff 35.0 0.0 X 114803 0 25574 Alan Blair Controller 35.0 0.0 X 111471 0 13302 James Dellot Prof of Auto Tech, & Prg Chr 35.0 0.0 X 118002 0 6257 Turahn Dorsey Chair Board of Trustees 5.0 1.0 X X 0 0 0 Rahkeem Morris Vice Chair 5.0 0.0 X X 0 0 0 Marisa Meldonian MPH Vice Chair 5.0 0.0 X X 0 0 0 Claire Wadlington Treasurer 5.0 1.0 X X 0 0 0 Maureen Pompeo Clerk 5.0 1.0 X X 0 0 0 PETER BAUER Trustee 2.0 0.0 X 0 0 0 Rodger Brown Trustee 2.0 0.0 X 0 0 0 Mary Churchill PhD Trustee 2.0 0.0 X 0 0 0 Chenita Daughtry Trustee 2.0 0.0 X 0 0 0 TIFFANY DOTSON PhD Trustee 2.0 0.0 X 0 0 0 Caroline Fay Trustee 2.0 0.0 X 0 0 0 Chris Jones PhD Trustee 2.0 0.0 X 0 0 0 Rachel Kaprielian Trustee 2.0 0.0 X 0 0 0 PAUL MACRINA Trustee 2.0 0.0 X 0 0 0 Stetson Marshall Trustee 2.0 0.0 X 0 0 0 Trinh Nguyen City of Boston Rep. 2.0 0.0 X 0 0 0 Fernando Rodriguez-Villa Trustee 2.0 0.0 X 0 0 0 Andrew Tarsy Trustee 2.0 0.0 X 0 0 0 Rahul Yarala Trustee 2.0 0.0 X 0 0 0 Anna Yu Trustee 2.0 0.0 X 0 0 0 John F Donohue Trustee 2.0 0.0 X 0 0 0 1124789 0 129449 10 false true false Insource Services Inc PO Box 427 NEWTON MA 02464 IT Services 587088 Jenzabar Inc PO Box 845588 BOSTON MA 022845588 SOFTWARE 310342 READHEAD MEDIA 490 Edgewood Dr COLCHESTER VT 05446 ADVERTISING 181550 Spinnaker Analytics Inc PO Box 170114 BOSTON MA 02117 DATA ANALYTICS 147455 WINDWALKER GROUP 529 Main street BOSTON MA 02129 SECURITY 111402 6 5626653 8189593 583547 13816246 TUITION AND FEES 611710 11574270 11574270 AUXILIARY INCOME 611710 92145 92145 STUDENT PROVISIONS 611710 707025 707025 12373440 121837 121837 0 0 89000 89000 0 89000 89000 569325 569325 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 114232 114232 114232 26514755 12373440 325069 1223307 1223307 4081856 4081856 0 0 542765 374142 144188 24435 0 7787269 5466398 1961552 359319 178918 109562 63731 5625 1032999 623188 376574 33237 594070 429284 135225 29561 2908048 2177870 584172 146006 120788 120788 79290 79290 69962 69962 0 7756 7756 244591 183177 49134 12280 286449 275318 11131 196350 69908 112749 13693 462676 454444 2599 5633 0 352293 35962 316331 39070 30931 5153 2986 0 63610 49900 11267 2443 3482 3482 0 587759 587759 146686 146686 EQUIPMENT RENTAL 1312835 1232657 80160 18 STUDENT PROVISIONS 575958 575958 STUDENT SERVICES 299501 299501 BAD DEBT 291304 291304 412948 147024 237124 28800 23902540 17840387 5386986 675167 X 2741133 5952620 0 0 2570785 1324528 3080293 3605979 0 0 0 0 31673000 31673000 0 0 107312 75806 12971416 7808606 3391293 5162810 1646137 2070904 0 0 0 0 0 0 21240 112641 45231193 49978288 1576266 2224101 0 0 8512313 8562900 0 0 0 0 0 0 23079668 24442246 0 0 1240 75120 33169487 35304367 X 3367907 7065657 8693799 7608264 12061706 14673921 45231193 49978288 2612215 X false true X true true true X 7902084 6669579 9770719 20924339 13816246 59082967 0 0 7902084 6669579 9770719 20924339 13816246 59082967 9153210 49929757 43320 149383 184489 267023 210837 855052 0 0 0 0 0 114232 114232 60052251 51222224 0.83144 0.81110 X FORM 990, SCHEDULE A, PART I, LINE 2: THE BASIS OF BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE INSTITUTE HAS CHECKED BOX 2 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. 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If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. Benjamin Franklin Cummings Institute of Technology has identified its tax status as a tax-exempt entity and its determinations of which income items are related or unrelated as its only significant tax positions; however, Benjamin Franklin Cummings Institute of Technology has determined that such tax positions do not result in an uncertainty requiring recognition. Benjamin Franklin Cummings Institute of Technology is not currently under examination by any taxing jurisdictions. Benjamin Franklin Cummings Institute of Technology's federal and state tax returns are generally open for examination for three years following the date filed. PART XI, LINE 2D - OTHER ADJUSTMENTS: $477,734 RELATED PARTY INCOME $ -3,482 INTEREST EXPENSE -------- $474,252 PART XI, LINE 4B - OTHER ADJUSTMENTS: $4,081,856 UNIVERSITY FUNDED FINANCIAL AID - TUITION DISCOUNT PART XII, LINE 2D - OTHER ADJUSTMENTS: PART XII, LINE 4B - OTHER ADJUSTMENTS: $ 3,482 INTEREST EXPENSE $4,081,856 UNIVERSITY FUNDED FINANCIAL AID - TUITION DISCOUNT $1,223,307 RELATED PARTY GRANT ----------- $5,308,645 true true true true true true true false false false false false false false false true false true Line - 3 Explanation THE INFORMATION IS MAINTAINED ON THE COLLEGE'S WEBSITE, IN THE CATALOG, AND IN THE STUDENT HANDBOOK. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE INSTITUTE RECEIVES FEDERAL GOVERNMENT FUNDS (TITLE IV) TO BE USED IN THE STUDENT FINANCIAL AID PROGRAM. THE FUNDS RECEIVED INCLUDE PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY AND PARTICIPATION IN THE FEDERAL DIRECT LOAN PROGRAMS (SUBSIDIZED STAFFORD, UNSUBSIDIZED STAFFORD, PARENT PLUS LOANS). ALL GRANTS ARE REVIEWED, EVALUATED AND REPORTED (A-133) BY THE INSTITUTE'S INDEPENDENT AUDITOR, WITHUMSMITH+BROWN, PC true SCHOLARSHIPS FOR STUDENTS 515 4081856 COST VALUE PART I, LINE 2: THE INSTITUTE MAINTAINS DETAILED RECORDS IN THE STUDENT INFORMATION SYSTEM DATABASE OF ALL SCHOLARSHIPS AWARDED. 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CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY THE CHAIR OF THE GOVERNANCE COMMITTEE, AS AUTHROIZED BY THE BOARD OF TRUSTEES IS RESPONSIBLE FOR RESOLUTION, AND THE INDIVIDUAL WITH A CONFLICT IS RECUSED FROM PARTICIPATING IN THE DISCUSSION AND RESOLUTION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15: THE PRESIDENT'S COMPENSATION IS SUBJECT TO ANNUAL REVIEW BY A PRESIDENTIAL REVIEW SUBCOMMITTEE, AS AUTHORIZED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE SUBCOMMITTEE MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, WHO REVIEWS COMPARABLE SALARY INFORMATION PRIOR TO MAKING A RECOMMENDATION FOR APPROVAL TO THE COMPLETE BOARD OF TRUSTEES. THE REVIEW IS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES. THE CFO'S COMPENSATION IS DETERMINED USING COMPARABILITY DATA, INCLUDING REVIEW AND APPROVAL BY INDEPENDENT PERSONS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19: THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FRANKLIN FOUNDATION INC 1011 HARRISON AVENUE ROXBURY MA 02119 222995201 Support BFCIT MA 501(C)(3) LINE 12A, I BFCIT true false true false true false false false false false false false false false false false false false false THE FRANKLIN FOUNDATION INC B 1223307 BOOK VALUE THE FRANKLIN FOUNDATION INC D 60508 BOOK VALUE