2023-05-31T11:04:20-07:00 2022-07-31 990 2021-08-01 310707369 FRANKLIN UNIVERSITY FRAN 6149476002 201 South Grant Avenue Columbus OH 432155399 Marv Briskey Treasurer/CFO 6149476002 2023-05-31 1 11 1 AAL2 2021 2023-04-26 12:10:37Z Dr David Decker 201 S Grant Ave Columbus OH 432155399 142379075 0 X www.franklin.edu X 1964 OH Franklin University is a student-centered, nonprofit, independent institution providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. 22 22 1186 21 0 0 6426135 6632227 59314547 73188695 11693866 10041417 597902 86558 78032450 89948897 5295761 16378260 0 0 46502258 49723806 0 0 121903 20800121 21904134 72598140 88006200 5434310 1942697 146345145 138387629 22657871 29745935 123687274 108641694 Since 1902, Franklin University has been a pioneer in meeting the needs of adult students who have the ambition to continue their education in combination with other responsibilities, receiving its status as a tax exempt organization in 1964. As a learner-centered institution of higher education, the four cornerstones of the Franklin educational philosophy are (a) Ensuring academic quality (b) Providing equal access to educational opportunities (c) Adapting to the needs of students (d) Responding to changes in society, professions, and the business community. Franklin continuously seeks and appreciates strategic partner relationships that support our learning environment and experiences of our students. Investments from strategic partners may include contributions for student scholarships as well as contributions to enhance program offerings, facilities, and technology. 0 0 73044229 16378260 71616409 Franklin University served 7,981 unique students in the 2021-22 Academic Year, granting 46 Associate's degrees, 982 Bachelor's degrees, 629 Master's degrees, 11 Doctoral degrees, and 8 graduate certificates. Franklin has a total of 84 academic program offerings (50 undergraduate, 3 undergraduate certificates, 21 graduate, 5 doctorate, and 5 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships. 1791372 0 23436 The Franklin University mission includes providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. To further this goal, Franklin offers program design and development services to higher education institutions seeking to expand and improve the quality of their own program offerings. 0 0 0 74835601 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9734 0 1 1186 1 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Dr Marv Briskey 6149476002 201 South Grant Avenue Columbus OH 432155399 Dr David R Decker President 55 0 X 819583 0 44158 Dr Christopher Washington Provost and SVP-Academic Affairs 50 0 X 323958 0 41344 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 40 0 X 318176 0 42272 Rick Sunderman SVP and Chief Information Officer 40 0 X 299314 0 41344 Christi Farley-Cabungcal Chief of Staff & SVP Administration 40 0 X 293429 0 38260 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 40 0 X 296929 0 34636 Bill Chan VP-Strategic Alliances 40 0 X 255438 0 32156 Dr Lynnette Rouzer VP-Student Affairs 40 0 X 250352 0 26058 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 40 0 X 233177 0 35674 Randolph Snyder VP-Financial Services 40 0 X 210127 0 31874 Dr Wendell Seaborne Dean Doctoral Studies and Academic Research 40 0 X 204787 0 24471 Dr Alyncia Bowen Dean, Ross College of Business 40 0 X 197519 0 24622 Melissa Gutierrez Chair 2 0 X X 0 0 0 Stan Partlow Vice Chair 2 0 X X 0 0 0 Ralph Sanese Secretary 2 0 X 0 0 0 Stacey Armstrong Trustee 2 0 X 0 0 0 Jack Cartner Trustee 2 0 X 0 0 0 Jamie Crane Trustee 2 0 X 0 0 0 Mary Duchi Trustee 2 0 X 0 0 0 Phil Fankhauser Trustee 2 0 X 0 0 0 Gary Flynn Trustee 2 0 X 0 0 0 Ted Ford Trustee 2 0 X 0 0 0 Anthony Gonsalves Trustee 2 0 X 0 0 0 Bruce Hagen Trustee 2 0 X 0 0 0 Gary James Trustee 2 0 X 0 0 0 Floyd Jones Trustee 2 0 X 0 0 0 Peter Roche Trustee 2 0 X 0 0 0 David Stone Trustee 2 0 X 0 0 0 Matthew Toussant Trustee 2 0 X 0 0 0 David White Trustee 2 0 X 0 0 0 Valerie Pitteroff Trustee 2 0 X 0 0 0 Thomas Shoupe Trustee 2 0 X 0 0 0 Jennifer Thomas Trustee 2 0 X 0 0 0 Pamela Springer Trustee 2 0 X 0 0 0 3702789 0 416869 120 0 1 0 Google Inc 1600 Amphitheater Parkway Mountain View CA 94043 Advertising 3568955 Mediassociates Inc 75 Glen Road Sandy Hook CT 06482 Advertising 2110888 Advantage Media & Digital LLC 167 S State Street Unit 190 Westerville OH 43081 Advertising 1109728 MBS Direct LLC 2711 West Ash Street Columbia MO 65203 Digital textbooks and course materials 2081990 Leeds Management Services FZE Amber Gem Tower Sheikh Khalifa Bin Office E1-2719 Ajman Ajman AE 00000 Student Services 479151 28 0 0 0 0 5103376 1528851 0 6632227 Tuition and fees 611310 71616409 71616409 0 0 Program Development 611310 23436 23436 0 0 1548850 1548850 0 0 73188695 2688722 0 0 2688722 0 0 0 0 0 0 0 0 610393 0 589164 0 21229 0 21229 0 0 21229 59180906 12803 51841014 0 7339892 12803 7352695 12803 0 7339892 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65329 65329 0 0 65329 89948897 73266827 0 10049843 0 0 16378260 16378260 0 0 0 0 2915183 1807552 1107631 0 0 0 0 0 36606435 30352953 6186487 66995 2736676 2269169 462498 5009 4712009 3907056 796329 8624 2753503 2283122 465342 5039 0 0 0 0 89298 0 89298 0 73600 0 73600 0 0 0 0 0 0 0 523332 0 523332 0 2463982 1916510 543242 4230 8609047 8609047 0 0 3046937 2516600 524782 5555 1533871 1271840 259224 2807 0 0 0 0 2135410 1228043 896706 10661 201997 162713 38925 359 0 0 0 0 64075 53129 10829 117 357384 0 357384 0 0 0 0 0 1902501 1322254 568768 11479 270288 182724 87161 403 Library 291619 291619 0 0 340793 283010 57158 625 88006200 74835601 13048696 121903 1948706 1227331 0 0 223586 88514 2350956 3485087 0 0 0 0 0 0 0 0 1066336 1193112 63321264 36390392 27847064 26930872 91586145 80810628 17441351 20764222 0 0 0 0 3881001 3887863 146345145 138387629 6571572 7625006 0 0 2204578 2063738 13881721 13057191 0 0 0 0 0 0 0 7000000 22657871 29745935 X 114751503 99026570 8935771 9615124 123687274 108641694 146345145 138387629 1942697 -16988277 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9959487 1310744 -672364 99094 0 0 10498773 8290068 12106 1717298 59985 0 0 9959487 7233468 232472 861127 36999 0 0 8290068 6784788 42625 468055 62000 0 0 7233468 6380843 100 445045 41200 0 0 6784788 0.165 0.471 0.364 1 0 1956825 4191185 6148010 12230287 33248499 28192019 17286767 0 412053 397049 15004 0 10489648 7034629 3455019 0 792767 766695 26072 26930872 Limited partnerships 20764222 F 20764222 60935136 -16988276 0 0 589164 -16399112 77334248 523332 12091317 12614649 89948897 75392622 0 0 0 589164 589164 74803458 523332 12679410 13202742 88006200 Schedule D, Part V, Line 4 Virtually all endowment funds are either for the support of scholarships or the Franklin University Leadership Center. Schedule D, Part XI, Line 2d Rent expenses netted against rental income on Part VIII. Schedule D, Part XI, Line 4b Scholarships netted against tuition and fees for the audited financial statements. Schedule D, Part XII, Line 2d Rent expenses netted against rental income on Part VIII. Schedule D, Part XII, Line 4b Scholarships of $12,091,317 netted against tuition and fees for the audited financial statements. Additionally, the University closed its branch campus in Urbana, OH in April 2020. As a result, $588,093 of expenses incurred on that campus have been classified as results of discontinued operations in the audited consolidated financial statement of activities but included as operating expenses in this Form 990 on the same basis as prior periods. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 As the University draws students from across the country, it satisfies the requirement by including a statement of the University's nondiscriminitory policy in brochures, catalogs and other written communications in addition to its website. Schedule E, Part I, Line 6 The University receives significant amounts of financial aid from Federal and state agencies. These funds represent financial aid for students attending the University to assist them with tuition costs, books, fees and living expenses. Any financial aid that is not applied to payments of amounts due to the University are passed on to the student. Middle East and North Africa 0 1 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with a university in Oman. This MBA program are identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. Franklin University has entered into an agreement to provide online curricular development, adjunct teaching services, and program installation services to universities in Saudi Arabia. The services provided are identical to the activities performed by Franklin in developing its own curriculum to students in the United States. 388375 East Asia and the Pacific 0 1 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with a university in South Korea. This MBA program are identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. 79066 Europe (including Iceland and Greenland) 0 1 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with universities in Poland and Serbia. These MBA programs are identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. 10403 0 3 477844 0 0 0 0 0 0 1 Scholarships 3176 11585578 0 N/A N/A Tuition discount and exchange program 4023 2834925 0 N/A N/A CARES HEERF Student Relief Grant 2205 1452019 0 N/A N/A Student Educational Opportunity Grant 453 425003 0 N/A N/A Federal Work Study 18 80736 0 N/A N/A Schedule I, Part I, Line 2 The University has numerous procedures to ensure students qualify for scholarships and other assistance both at the time of the award and subsequent thereto. These procedures ensure compliance with applicable Federal and state regulations, stipulations of scholarship criteria and University practices for awards made from the University. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 Dr David R Decker President 504527 0 303158 0 11898 0 31314 0 12844 0 863741 0 0 0 Dr Christopher Washington Provost and SVP-Academic Affairs 255291 0 69625 0 -958 0 28500 0 12844 0 365302 0 0 0 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 255291 0 69625 0 -6740 0 28500 0 13772 0 360448 0 0 0 Rick Sunderman SVP and Chief Information Officer 232083 0 67898 0 -667 0 28500 0 12844 0 340658 0 0 0 Christi Farley-Cabungcal Chief of Staff & SVP Administration 232083 0 63295 0 -1949 0 28560 0 9700 0 331689 0 0 0 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 232083 0 63295 0 1551 0 28500 0 6136 0 331565 0 0 0 Bill Chan VP-Strategic Alliances 196022 0 59436 0 -20 0 25546 0 6610 0 287594 0 0 0 Dr Lynnette Rouzer VP-Student Affairs 192359 0 58026 0 -33 0 25038 0 1020 0 276410 0 0 0 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 192731 0 36197 0 4249 0 22830 0 12844 0 268851 0 0 0 Randolph Snyder VP-Financial Services 177771 0 37024 0 -4668 0 21479 0 10395 0 242001 0 0 0 Dr Wendell Seaborne Dean Doctoral Studies and Academic Research 152843 0 25768 0 26176 0 17861 0 6610 0 229258 0 0 0 Dr Alyncia Bowen Dean, Ross College of Business 152839 0 27283 0 17397 0 18012 0 6610 0 222141 0 0 0 Schedule J, Part I, Line 1a Pursuant to his employment agreement, Dr. Decker receives a monthly housing allowance, treated as taxable compensation, and membership in a dinner/fitness club, not treated as taxable compensation. Schedule J, Part I, Line 7 Bonuses are paid depending on the achievement of various performance criteria. The Board of Trustees determines the bonus of the President. A Ohio Higher Educational Facility Commission 346849674 000000000 2016-02-24 18000000 Bond refunding, renovation of various buildings, purchase IT equipment 0 0 0 A 4942809 0 18000000 0 0 0 157700 0 0 14414624 0 0 2016 1 0 0 1 A 0 0 0 0 0 0 0 1 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Form 990, Part VI, Section B, Line 11b Upon completion of the Form 990 and all supporting schedules ("the return") by the Controller, the return was first reviewed by the Chief Financial Officer and University President, with consultation of tax experts where considered necessary. The return was provided to the Chairman and Vice Chairman of the Board of Trustees and the Chair of the Finance Committee for their review. Questions from this review were addressed as appropriate with any necessary changes made to the Form 990. Form 990, Part VI, Section B, Line 12c Each year, a copy of the University's Employee Ethics (Conflict of Interest) Policy is provided to each Trustee, the President and other officers of the University along with a questionnaire related to that policy. Responses to the questionnaire, which are summarized for review by the President of the University, identify any potential conflicts of interest. Should business come before the Board or Committee thereof that presents a potential conflict, the affected Board member would be asked to abstain from any Board action on that business. Form 990, Part VI, Section B, Line 15 Compensation reviews, prepared by an independent compensation consulting team, are periodically conducted. A thorough examination of external documented pay data (published surveys and 990 filings) for comparable positions at peer institutions (as mutually agreed upon by Franklin University and the consultants) are conducted. Compensation levels are reviewed for market competitiveness and reasonableness and are compared for all components of pay including cash compensation, benefits and perquisites. The results include individual market data as well as an aggregate perspective. The Human Resources Committee of the Board of Trustees approves the resulting reviews and receives a letter of comfort from the consultants. Form 990, Part VI, Section C, Line 19 Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.