FRANKLIN COLLEGE OF INDIANA: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN COLLEGE OF INDIANA (EIN 35-0868086)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-03-05
IRS object ID: 202430659349300513
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-03-05T09:28:47+00:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 West Wacker Drive Suite 2600	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606061224	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350868086	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Franklin College of Indiana	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FRAN	BusinessNameControlTxt
Phone	3177388000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 Branigin Blvd	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Kevin Honigford	PersonNm
Person Title	Vice President and CFO	PersonTitleTxt
Signature	2024-03-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Kevin	PersonFirstNm
Person Last	Honigford	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jennifer Burke	PreparerPersonNm
PTIN	P01342224	PTIN
Phone	3128997000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	Franklin College	BusinessNameLine1Txt

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Kevin Honigford	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 Branigin Blvd	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$63,181,200	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.franklincollege.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1937	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or Mission	Franklin College empowers students through an experiential education, grounded in the liberal arts and sciences, promoting impactful careers and meaningful lives.	ActivityOrMissionDesc
Voting Members Governing Body	28	VotingMembersGoverningBodyCnt
Voting Members Independent	26	VotingMembersIndependentCnt
Total Employee	743	TotalEmployeeCnt
Total Volunteers	75	TotalVolunteersCnt
Total Gross UBI	-$49,123	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$6,271,234	PYContributionsGrantsAmt
CY Contributions Grants	$3,574,798	CYContributionsGrantsAmt
PY Program Service Revenue	$37,741,158	PYProgramServiceRevenueAmt
CY Program Service Revenue	$38,613,345	CYProgramServiceRevenueAmt
PY Investment Income	$7,150,788	PYInvestmentIncomeAmt
CY Investment Income	$2,193,646	CYInvestmentIncomeAmt
PY Other Revenue	$115,657	PYOtherRevenueAmt
CY Other Revenue	$642,771	CYOtherRevenueAmt
PY Total Revenue	$51,278,837	PYTotalRevenueAmt
CY Total Revenue	$45,024,560	CYTotalRevenueAmt
PY Grants And Similar Paid	$19,108,921	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$19,514,363	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$15,448,348	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,617,862	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$36,500	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$106,134	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$1,075,836	CYTotalFundraisingExpenseAmt
PY Other Expenses	$16,028,221	PYOtherExpensesAmt
CY Other Expenses	$17,130,443	CYOtherExpensesAmt
PY Total Expenses	$50,621,990	PYTotalExpensesAmt
CY Total Expenses	$52,368,802	CYTotalExpensesAmt
PY Revenues Less Expenses	$656,847	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$7,344,242	CYRevenuesLessExpensesAmt
Total Assets BOY	$144,719,563	TotalAssetsBOYAmt
Total Assets EOY	$149,014,659	TotalAssetsEOYAmt
Total Liabilities BOY	$27,536,375	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$29,356,457	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$117,183,188	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$119,658,202	NetAssetsOrFundBalancesEOYAmt
Mission	Franklin College empowers students through an experiential education, grounded in the liberal arts and sciences, promoting impactful careers and meaningful lives.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$19,723,310	ExpenseAmt
Revenue	$32,776,493	RevenueAmt
Desc	INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE AND GRADUATE STUDENTS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$19,514,363	ExpenseAmt
Grant	$19,514,363	GrantAmt
Desc	SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$7,945,645	ExpenseAmt
Revenue	$6,428,757	RevenueAmt
Desc	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.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$47,183,318	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (true)	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	Yes (true)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	1336	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	743	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	28	GoverningBodyVotingMembersCnt
Independent Voting Member	26	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Kevin Honigford	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3177388027	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 BRANIGIN BLVD	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
David Dunkle
Trust (until Oct 2022), Vice Chair (beg Oct 2022)	2.0	Yes (X)	Yes (X)	$0	$0	$0
Deana Haworth
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Douglas Tillman
Vice Chair (Until October 2022)	2.0	Yes (X)	Yes (X)	$0	$0	$0
James Napolitan
Treasurer	2.0	Yes (X)	Yes (X)	$0	$0	$0
John Auld Jr
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
John Talley
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Katharine Kruse
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Peter Cangany
Chair of the Board	2.0	Yes (X)	Yes (X)	$0	$0	$0
Robert Brown
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Robert DeVoss
Trust (until Oct 2022), Vice Chair (beg Oct 2022)	2.0	Yes (X)	Yes (X)	$0	$0	$0
Susan DeVoss
Vice Chair (until Oct 2022), Secretary (beg Oct 2022)	2.0	Yes (X)	Yes (X)	$0	$0	$0
Susan Williams
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Theressa Wright
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Worthe Holt Jr
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Amber Elwood
Trustee	2.0	Yes (X)		$0	$0	$0
Billie Dragoo
Trustee	2.0	Yes (X)		$0	$0	$0
Carol Tumey
Trustee (until October 2022)	2.0	Yes (X)		$0	$0	$0
Cathy Dunn
Trustee	2.0	Yes (X)		$0	$0	$0
Daniel Hann
Trustee	2.0	Yes (X)		$0	$0	$0
David Wantz
Trustee	2.0	Yes (X)		$0	$0	$0
Devin Anderson
Trustee	2.0	Yes (X)		$0	$0	$0
E Lynn Grayson
Trustee (until October 2022)	2.0	Yes (X)		$0	$0	$0
James Due
Trustee	2.0	Yes (X)		$0	$0	$0
Jon Almeras
Trustee	2.0	Yes (X)		$0	$0	$0
Kevin Crowe
Trustee	2.0	Yes (X)		$0	$0	$0
Michael O'Dell
Trustee (until October 2022)	2.0	Yes (X)		$0	$0	$0
Rafael Sanchez Jr
Trustee	2.0	Yes (X)		$0	$0	$0
Randy Stocklin
Trustee	2.0	Yes (X)		$0	$0	$0
Ron Bowsher
Trustee	2.0	Yes (X)		$0	$0	$0
Sean Thomasson
Trustee	2.0	Yes (X)		$0	$0	$0
Todd Bemis
Trustee	2.0	Yes (X)		$0	$0	$0
Yolanda Askew
Trustee (until May 2023)	2.0	Yes (X)		$0	$0	$0
Yolanda White
Trustee	2.0	Yes (X)		$0	$0	$0
Andrew Hendricks
VP of Enrollment & Marketing/Athletic Director/Head Swimming & Diving Coach	40.0		Yes (X)	$121,180	$0	$29,147
Andrew Jones
Vice President for Student Development & Dean of Students	40.0		Yes (X)	$137,163	$0	$38,038
Dana Cummings
Vice President Development and Alumni Engagement	40.0		Yes (X)	$166,047	$0	$39,308
Kerry Prather
President	40.0		Yes (X)	$355,836	$0	$57,413
Kevin Honigford
Vice President and Chief Financial Officer	40.0		Yes (X)	$157,730	$0	$28,145
Kristin Flora
Vice President for Academic Affairs & Dean of the College	40.0		Yes (X)	$149,188	$0	$23,503
Thanda Maceo
Vice President of Enrollment & Marketing (Until August 2022)	40.0		Yes (X)	$109,878	$0	$16,070
Jasmina Cheeseman
Program Director & Assistant Professor	40.0			$133,999	$0	$17,001	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,331,021	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$248,625	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	8	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line2ContractorAddress/USAddress/AddressLine2Txt
Eat'n Park Hospitality Group Inc
PO Box 644091	Pittsburgh	PA	15264	Food Service	$2,144,399
Dunlap & Company Inc
6325 E 100 S	Columbus	IN	472020328	Construction	$433,014	PO Box 328
Gregory & Appel
433 N Capital Ave	Indianapolis	IN	46204	Insurance	$301,741	Suite 400
Koch Mechanical
PO Box 309	North Vernon	IN	47265	Construction	$300,091
Morgan Stanley Global Banking Operations
1300 Thames St Wharf	Baltimore	MD	212319907	Investment Consultant	$286,159	4th Floor

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	14	CntrctRcvdGreaterThan100KCnt
Fundraising	$167,338	FundraisingAmt
Government Grants	$229,145	GovernmentGrantsAmt
All Other Contributions	$3,178,315	AllOtherContributionsAmt
Noncash Contributions	$161,924	NoncashContributionsAmt
Total Contributions	$3,574,798	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees	611600	$32,180,763	$32,180,763
Auxiliary Enterprises	611600	$6,386,139	$6,386,139
Conferences-Catering	722320	$30,063	$26,238	$3,825
Bookstore	451211	$10,938	$10,938
Camp & Conferences-Room	721310	$5,442	$5,442

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$38,613,345	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,408,495	TotalRevenueColumnAmt
Unrelated Business Revenue	-$53,048	UnrelatedBusinessRevenueAmt
Exclusion	$2,461,543	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$80,473	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$9,327	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$71,146	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$71,146	TotalRevenueColumnAmt
Exclusion	$71,146	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$17,508,259	SecuritiesAmt
Other	$400,000	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$18,123,108	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$614,849	SecuritiesAmt
Other	$400,000	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$214,849	TotalRevenueColumnAmt
Exclusion	-$214,849	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$167,338	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$24,205	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$24,205	TotalRevenueColumnAmt
Exclusion	-$24,205	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	Miscellaneous Income	Desc
Business	900099	BusinessCd
Total Revenue Column	$595,830	TotalRevenueColumnAmt
Related Or Exempt Func Income	$595,730	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$100	UnrelatedBusinessRevenueAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$595,830	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,024,560	TotalRevenueColumnAmt
Related Or Exempt Func Income	$39,205,250	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$49,123	UnrelatedBusinessRevenueAmt
Exclusion	$2,293,635	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$19,269,465	TotalAmt
Program Services	$19,269,465	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$244,898	TotalAmt
Program Services	$244,898	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,354,674	TotalAmt
Program Services	$351,156	ProgramServicesAmt
Management And General	$794,159	ManagementAndGeneralAmt
Fundraising	$209,359	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$83,793	TotalAmt
Program Services	$83,793	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$11,371,083	TotalAmt
Program Services	$10,549,873	ProgramServicesAmt
Management And General	$563,445	ManagementAndGeneralAmt
Fundraising	$257,765	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$854,254	TotalAmt
Program Services	$715,088	ProgramServicesAmt
Management And General	$96,240	ManagementAndGeneralAmt
Fundraising	$42,926	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,047,679	TotalAmt
Program Services	$919,590	ProgramServicesAmt
Management And General	$102,679	ManagementAndGeneralAmt
Fundraising	$25,410	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$906,379	TotalAmt
Program Services	$781,449	ProgramServicesAmt
Management And General	$94,000	ManagementAndGeneralAmt
Fundraising	$30,930	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$143,016	TotalAmt
Program Services	$13,076	ProgramServicesAmt
Management And General	$129,940	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$115,519	TotalAmt
Management And General	$115,519	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$106,134	TotalAmt
Fundraising	$106,134	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$276,530	TotalAmt
Management And General	$276,530	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,733,192	TotalAmt
Program Services	$3,387,883	ProgramServicesAmt
Management And General	$274,076	ManagementAndGeneralAmt
Fundraising	$71,233	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$141,372	TotalAmt
Program Services	$103,585	ProgramServicesAmt
Management And General	$27,291	ManagementAndGeneralAmt
Fundraising	$10,496	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$541,747	TotalAmt
Program Services	$365,860	ProgramServicesAmt
Management And General	$131,423	ManagementAndGeneralAmt
Fundraising	$44,464	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$340,100	TotalAmt
Program Services	$289,085	ProgramServicesAmt
Management And General	$51,015	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$231,075	TotalAmt
Program Services	$219,544	ProgramServicesAmt
Management And General	$7,438	ManagementAndGeneralAmt
Fundraising	$4,093	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$231,075	TotalAmt
Program Services	$219,544	ProgramServicesAmt
Management And General	$7,438	ManagementAndGeneralAmt
Fundraising	$4,093	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$265,732	TotalAmt
Program Services	$29,740	ProgramServicesAmt
Management And General	$235,992	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$3,533,647	TotalAmt
Program Services	$3,378,402	ProgramServicesAmt
Management And General	$126,763	ManagementAndGeneralAmt
Fundraising	$28,482	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$455,524	TotalAmt
Program Services	$375	ProgramServicesAmt
Management And General	$455,149	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Plant Operations	$4,946,741	$4,731,017	$176,152	$39,572
Equipment & Equipment Rental	$362,227	$350,224	$6,239	$5,764
Food	$160,301	$128,110	$28,620	$3,571
PROFESSIONAL EDUCATION AND DUES	$316,350	$187,356	$122,625	$6,369

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,336,295	TotalAmt
Program Services	$864,205	ProgramServicesAmt
Management And General	$286,915	ManagementAndGeneralAmt
Fundraising	$185,175	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,368,802	TotalAmt
Program Services	$47,183,318	ProgramServicesAmt
Management And General	$4,109,648	ManagementAndGeneralAmt
Fundraising	$1,075,836	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$138,798	BOYAmt
EOY	$158,971	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$4,600,083	BOYAmt
EOY	$2,676,299	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,434,045	BOYAmt
EOY	$986,941	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$469,752	BOYAmt
EOY	$652,581	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$168,654	BOYAmt
EOY	$168,278	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$419,619	BOYAmt
EOY	$447,623	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$143,418,583	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$92,286,205	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$56,421,831	BOYAmt
EOY	$51,132,378	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$68,653,856	BOYAmt
EOY	$80,131,212	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$11,634,833	BOYAmt
EOY	$12,062,833	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$571,270	BOYAmt
EOY	$385,503	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$206,822	BOYAmt
EOY	$212,040	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$144,719,563	BOYAmt
EOY	$149,014,659	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,263,554	BOYAmt
EOY	$1,317,559	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$1,750,567	BOYAmt
EOY	$1,657,412	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$16,548,823	BOYAmt
EOY	$19,530,050	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$287,019	BOYAmt
EOY	$161,284	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$5,300,000	BOYAmt
EOY	$5,200,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,386,412	BOYAmt
EOY	$1,490,152	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$27,536,375	BOYAmt
EOY	$29,356,457	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$54,805,406	BOYAmt
EOY	$52,968,848	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$62,377,782	BOYAmt
EOY	$66,689,354	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$117,183,188	BOYAmt
EOY	$119,658,202	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$144,719,563	BOYAmt
EOY	$149,014,659	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$7,344,242	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$9,819,256	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,251,164	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,720,623	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$10,331,238	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$6,271,234	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,574,798	CurrentTaxYearAmt
Total	$27,149,057	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,251,164	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,720,623	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$10,331,238	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$6,271,234	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,574,798	CurrentTaxYearAmt
Total	$27,149,057	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$2,460,905	SubstantialContributorsTotAmt
Public Support Total170	$24,688,152	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,178,309	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,369,337	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,819,294	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,492,033	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,488,968	CurrentTaxYearAmt
Total	$11,347,941	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$16,460	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,410	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$19,870	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$38,516,868	TotalSupportAmt
Gross Receipts Rltd Activities	$186,260,813	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.6410	PublicSupportCY170Pct
Public Support PY170	0.669	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule A, Part II, Line 10 Other Income	FormAndLineReferenceDesc
Explanation	DESCRIPTION - OTHER INCOME, COLUMN A - 16460.0, COLUMN B - 3410.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - , COLUMN F - 19870.0;	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$2,014	OtherActivitiesAmt
Total Lobbying Expenditures	$2,014	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY	FormAndLineReferenceDesc
Explanation	The College pays membership dues to Independent Colleges of Indiana, of which $2,014 of the funds are used for lobbying.	ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$0	RevenuesIncludedAmt
Assets Included	$52,935	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$87,037,997	BeginningYearBalanceAmt
Contributions	$591,117	ContributionsAmt
Investment Earnings Or Losses	$11,430,132	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,344,417	GrantsOrScholarshipsAmt
Other Expenditures	$3,608,010	OtherExpendituresAmt
End Year Balance	$94,106,819	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$103,629,221	BeginningYearBalanceAmt
Contributions	$219,757	ContributionsAmt
Investment Earnings Or Losses	-$11,152,874	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,607,327	GrantsOrScholarshipsAmt
Other Expenditures	$4,050,780	OtherExpendituresAmt
End Year Balance	$87,037,997	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$83,786,190	BeginningYearBalanceAmt
Contributions	$639,066	ContributionsAmt
Investment Earnings Or Losses	$23,955,026	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,359,815	GrantsOrScholarshipsAmt
Other Expenditures	$3,391,246	OtherExpendituresAmt
End Year Balance	$103,629,221	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$87,386,625	BeginningYearBalanceAmt
Contributions	$392,878	ContributionsAmt
Investment Earnings Or Losses	$908,781	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,427,888	GrantsOrScholarshipsAmt
Other Expenditures	$3,474,206	OtherExpendituresAmt
End Year Balance	$83,786,190	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$87,618,795	BeginningYearBalanceAmt
Contributions	$1,573,366	ContributionsAmt
Investment Earnings Or Losses	$2,982,181	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,387,689	GrantsOrScholarshipsAmt
Other Expenditures	$3,400,028	OtherExpendituresAmt
End Year Balance	$87,386,625	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.347	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.516	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.137	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,998,859	OtherCostOrOtherBasisAmt
Book Value	$8,998,859	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$110,957,832	OtherCostOrOtherBasisAmt
Depreciation	$73,182,004	DepreciationAmt
Book Value	$37,775,828	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$23,408,957	OtherCostOrOtherBasisAmt
Depreciation	$19,104,201	DepreciationAmt
Book Value	$4,304,756	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$52,935	OtherCostOrOtherBasisAmt
Book Value	$52,935	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$51,132,378	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Funds of hedge funds
Real estate and personal property
Private Equity	$11,959,410	F
Private Partnerships	$103,423	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$12,062,833	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
Advances from federal agency for student loans	$126,631
Liabilities under charitable annuity and unitrust agreements	$1,161,103
Capital lease obligation	$202,418

Field	Value	IRS element (for citing)
Total Liability	$1,490,152	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$35,086,455	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$9,819,256	NetUnrealizedGainsInvstAmt
Other Revenue	$33,532	OtherRevenueAmt
Revenue Not Reported	$9,852,788	RevenueNotReportedAmt
Revenue Subtotal	$25,233,667	RevenueSubtotalAmt
Investment Expenses Not Incld	$276,530	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$19,514,363	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$19,790,893	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$45,024,560	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$32,611,441	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$33,532	OtherExpensesIncludedAmt
Expenses Not Reported	$33,532	ExpensesNotReportedAmt
Expenses Subtotal	$32,577,909	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$276,530	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$19,514,363	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$19,790,893	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$52,368,802	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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, 2023 and 2022, 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, 2023 or 2022.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	RENT EXPENSE - 9327 FUNDRAISING EXPENSE - 24205
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	SCHOLARSHIPS - 19514363
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	RENT EXPENSE - 9327 FUNDRAISING EXPENSE - 24205
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	SCHOLARSHIPS - 19514363

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY

Franklin College is committed to the principle and practice of equal opportunity for all its students, faculty, employees and applicants for admission and employment. For that reason, the college provides equal employment opportunities to all of its employees and applicants on the basis of merit and without regard to the individual's race, color, religion, gender, disability, age, national origin, marital status, or sexual orientation in accordance with state and federal laws and any other characteristic protected by law. The college prohibits, forbids, and will not tolerate any verbal, physical or other conduct that belittles or demeans any individual on the basis of the above-listed statuses. All employees, managers, supervisors and job applicants are covered by this commitment. No person or employee, no matter what his or her title or position, has the authority expressed, actual, apparent or implied to discriminate against any employee of the college. This policy applies to all terms and conditions of employment, admission to and enrollment in Franklin College, including, but not limited to, recruitment, selection, hiring, benefits, educational policies, admission policies, financial aid, scholarship and loan programs, housing athletic and other college-administered programs and activities. Franklin College posts the nondiscrimination policy on its website.

Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT

The organization receives Pell Grants, SEOG, HEERF 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.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)	0	0	Program Services	STUDY ABROAD	$175,576
Sub-Saharan Africa	0	0	Program Services	STUDY ABROAD	$18,215
Central America and the Caribbean	0	0	Program Services	Study Abroad	$32,314
Central America and the Caribbean	0	0	Investments		$14,006,958
Europe (Including Iceland and Greenland)	0	0	Investments		$708,256
East Asia and the Pacific			Program Services	STUDY ABROAD	$2,355

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$14,943,674	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$14,943,674	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
Scholarships and Grants	Europe (Including Iceland and Greenland)	1	$31,500	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	South Asia	1	$21,500	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	North America (Canada & Mexico only)	2	$39,495	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	South America	4	$82,000	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	East Asia and the Pacific	1	$20,915	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	Sub-Saharan Africa	1	$49,488	STUDENT ACCOUNT CREDIT	$0	N/A	FMV

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule F, 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.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statements	EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Special Fundraising Events	Yes (X)	SpecialFundraisingEventsInd
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	ActivityActivityTxt	Fundraiser Control Of FundsFundraiserControlOfFundsInd	Gross ReceiptsGrossReceiptsAmt	Retained By ContractorRetainedByContractorAmt	Net To OrganizationNetToOrganizationAmt
Thomas P Miller & Associates LLC
1630 N Meridian St Suite 430	Indianapolis	IN	46202	Grant Consultant	false	$0	$20,500	-$20,500
Johnson Grossnickle & Associates
29 S Park Blvd	Greenwood	IN	46143	Fundraising Consultant	false	$0	$85,634	-$85,634

Field	Value	IRS element (for citing)
Total Gross Receipts	$0	TotalGrossReceiptsAmt
Total Retained By Contractors	$106,134	TotalRetainedByContractorsAmt
Total Net To Organization	-$106,134	TotalNetToOrganizationAmt
Licensed States	IN	LicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	GRIZTUESDAY	Event1Nm
Gross Receipts Event1	$167,338	GrossReceiptsEvent1Amt
Charitable Contri Event1	$167,338	CharitableContriEvent1Amt
Gross Revenue Event1	$0	GrossRevenueEvent1Amt
Rent Facility Costs Event1	$4,150	RentFacilityCostsEvent1Amt
Other Direct Expenses Event1	$20,055	OtherDirectExpensesEvent1Amt
Gross Revenue Event2	$0	GrossRevenueEvent2Amt
Gross Revenue Other Events	$0	GrossRevenueOtherEventsAmt
Gross Receipts Total	$167,338	GrossReceiptsTotalAmt
Charitable Contributions Tot	$167,338	CharitableContributionsTotAmt
Gross Revenue Total Events	$0	GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events	$4,150	RentFcltyCostsTotalEventsAmt
Oth Direct Expnss Total Events	$20,055	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$24,205	DirectExpenseSummaryEventsAmt
Net Income Summary	-$24,205	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	866	RecipientCnt
Cash Grant	$19,269,465	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	false	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Kerry Prather
President	$297,498	$0	$45,000	$0	$13,338	$0	$30,500	$0	$26,913	$0	$413,249	$0	$0	$0
Dana Cummings
Vice President Development and Alumni Engagement	$165,447	$0	$0	$0	$600	$0	$18,017	$0	$21,291	$0	$205,355	$0	$0	$0
Kevin Honigford
Vice President and Chief Financial Officer	$157,280	$0	$0	$0	$450	$0	$16,400	$0	$11,745	$0	$185,875	$0	$0	$0
Andrew Jones
Vice President for Student Development & Dean of Students	$137,163	$0	$0	$0	$0	$0	$14,972	$0	$23,066	$0	$175,201	$0	$0	$0
Kristin Flora
Vice President for Academic Affairs & Dean of the College	$148,588	$0	$0	$0	$600	$0	$15,300	$0	$8,203	$0	$172,691	$0	$0	$0
Andrew Hendricks
VP of Enrollment & Marketing/Athletic Director/Head Swimming & Diving Coach	$120,580	$0	$0	$0	$600	$0	$12,118	$0	$17,029	$0	$150,327	$0	$0	$0
Jasmina Cheeseman
Program Director & Assistant Professor	$133,999	$0	$0	$0	$0	$0	$10,500	$0	$6,501	$0	$151,000	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a Travel for companions	Travel expenses for the President's spouse are paid by the College when accompanying him during travel. The spouse is expected to be in attendance for fundraising events, meetings with trustees, and various meetings. 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 7 Non-fixed payments	The President received incentive compensation for performance. The payment amount was designated by the Board.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	Indiana Finance Authority	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Bond Issuer EIN	351602316	BondIssuerEIN
CUSIP	000000000	CUSIPNum
Bond Issued	2017-06-08	BondIssuedDt
Issue Price	$17,000,000	IssuePriceAmt
Purpose	Construction, renovation, expansion of Science Center and refunding the Series 2003 Bond (12/3/2003)	PurposeDesc
Defeased	false	DefeasedInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Pool Financing	false	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$905,000	RetiredAmt
Bond Defeased	$0	BondDefeasedAmt
Total Proceeds	$17,040,825	TotalProceedsAmt
In Reserve Fund	$0	InReserveFundAmt
Capitalized Interest	$0	CapitalizedInterestAmt
Refunding Escrow	$0	RefundingEscrowAmt
Issuance Costs From Proceeds	$0	IssuanceCostsFromProceedsAmt
Credit Enhancement	$0	CreditEnhancementAmt
Working Capital Expenditures	$0	WorkingCapitalExpendituresAmt
Capital Expenditures	$11,140,825	CapitalExpendituresAmt
Other Spent Proceeds	$5,900,000	OtherSpentProceedsAmt
Substantial Completion	2019	SubstantialCompletionYr
Refunding Tax Exempt Bonds	Yes (true)	RefundingTaxExemptBondsInd
Refunding Taxable Bonds	false	RefundingTaxableBondsInd
Final Allocation Made	Yes (true)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (true)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	false	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	Yes (true)	MgmtContractBondFincdPropInd
Engage Bond Counsel Contracts	Yes (true)	EngageBondCounselContractsInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0.0	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.0	PrivateBusConcerningUBIPct
Total Private Business Use	0.0	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	false	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	false	Form8038TFiledInd
Rebate Not Due Yet	false	RebateNotDueYetInd
Exception To Rebate	false	ExceptionToRebateInd
No Rebate Due	Yes (true)	NoRebateDueInd
Variable Rate Issue	Yes (true)	VariableRateIssueInd
Hedge Identified In Bks And Rec	false	HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGICInd
Gross Proceeds Invested	false	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (true)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (true)	ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule K, Part II, Line 3 Total Proceeds of Issue	TOTAL PROCEEDS OF ISSUE (6/8/2017) DOES NOT MATCH ISSUE PRICE BECAUSE THERE WERE $40,825 IN INVESTMENT EARNINGS.
Schedule K, Part IV, Line 2c COLUMN A	Issuer name: Indiana Finance Authority The calculation for computing no rebate due was performed on 01/06/2023

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
SEE PART V
SEE PART V	$16,781	Tuition Remission	Student Financial Assistance
SEE PART V
SEE PART V	$45,000	Merit Based Scholarship	Student Financial Assistance

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Cindy Prather
Spouse of Officer	$30,000	Compensation	false
Todd Bemis
Partner of Bemis Group and Garment Factory Events, LLC	$142,970	Construction and Events	false
Katherine Kruse
Daughter	$53,793	Compensation	false

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part III GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	8	ContributionCnt
Noncash Contributions Rpt F990	$91,814	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Supplies	18	$44,010	Market value
Yes (X)	Equipment	3	$26,100	Market value

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule M, Part I Explanations of reporting method for number of contributions	FormAndLineReferenceDesc
Explanation	Securities - Publicly traded - The number of contributions Received Other - Supplies The number of contributions received Other - Equipment The number of contributions received.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 OCCASION, THE PRESIDENT USES COMPARABILITY DATA FROM THE INDEPENDENT COLLEGES OF INDIANA, CUPA, AND SALARY SURVEYS TO DETERMINE COMPENSATION AS NEEDED. THIS PROCESS IS COMPLETED ANNUALLY AND WAS LAST UNDERTAKEN IN 2023.
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 2023.
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.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	CHARITABLE REMAINDER TRUSTS (4)	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 Branigin Blvd	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Field	Value	IRS element (for citing)
Primary Activities	CHARITABLE REMAINDER TRUST	PrimaryActivitiesTxt
Legal Domicile State	IN	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	na	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	Trust	EntityTypeTxt
Controlled Organization	false	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule R, Part IV, Column (c) STATE OF LEGAL DOMICILE	FormAndLineReferenceDesc
Explanation	INDIANA - 3 WASHINGTON - 1	ExplanationTxt