2022-06-10T10:43:40-07:00 2021-07-31 990 2020-08-01 310707369 FRANKLIN UNIVERSITY FRAN 6149476002 201 South Grant Avenue Columbus OH 432155399 Marv Briskey Treasurer/CFO 6149476002 2022-06-14 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Dr David Decker 201 South Grant Avenue Columbus OH 432155399 169644044 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 1294 22 0 0 3562438 6426135 68345969 59314547 9599387 11693866 49276 597902 81557070 78032450 10090393 5295761 0 0 53427373 46502258 0 0 115984 22791598 20800121 86309364 72598140 -4752294 5434310 133627100 146345145 26649248 22657871 106977852 123687274 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 58235103 5295761 59888443 Franklin University served 7,637 unique students in the 2020-21 Academic Year, granting 121 Associate's degrees, 1001 Bachelor's degrees, 627 Master's degrees, 28 Doctoral degrees, and 9 graduate certificates. Franklin has a total of 126 academic program offerings (91 undergraduate, 3 undergraduate certificates, 21 graduate, 5 doctorate, and 6 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships. 1874598 0 13593 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 60109701 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 8984 0 1 1294 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 812107 0 48064 Dr Christopher Washington Provost and SVP-Academic Affairs 50 0 X 326427 0 48064 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 40 0 X 321689 0 40692 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 40 0 X 297240 0 37944 Christi Farley-Cabungcal Chief of Staff & SVP Administration 40 0 X 296510 0 37944 Rick Sunderman SVP and Chief Information Officer 40 0 X 282773 0 47606 Bill Chan VP-Strategic Alliances 40 0 X 236138 0 33435 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 40 0 X 224606 0 41479 Dr Lynnette Hull VP-Student Affairs 40 0 X 227108 0 23806 Randolph Snyder VP-Financial Services 40 0 X 206931 0 41157 Dr Alyncia Bowen Dean, Ross College of Business 40 0 X 197685 0 23011 Dr Wendell Seaborne Dean Doctoral Studies and Academic Research 40 0 X 189461 0 28208 Melissa Gutierrez Chair 2 0 X X 0 0 0 Clarke Price Immediate Past 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 Lori Kaiser 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 Greg Lashutka 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 Carole Watkins Trustee 2 0 X 0 0 0 David White Trustee 2 0 X 0 0 0 3618675 0 451410 109 0 1 0 Google Inc 1600 Amphitheater Parkway Mountain View CA 94043 Advertising 4427504 Mediassociates Inc 75 Glen Road Sandy Hook CT 06482 Advertising 2622961 Advantage Media & Digital LLC 167 S State Street Unit 190 Westerville OH 43081 Advertising 979636 MBS Direct LLC 2711 West Ash Street Columbia MO 65203 Digital textbooks and course materials 925080 Facebook Inc 1601 Willow Rd Menlo Park CA 94025 Digital Advertising 476153 24 0 0 0 0 6170073 256062 0 6426135 Tuition and fees 611310 56700921 56700921 0 0 Program Development 611310 13593 13593 0 0 2600033 2600033 0 0 59314547 1545500 0 0 1545500 0 0 0 0 0 0 0 0 449496 0 543968 0 -94472 0 -94472 0 0 -94472 101113556 102436 90860305 207321 10253251 -104885 10148366 -104885 0 10253251 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 692374 692374 0 0 692374 78032450 59902036 0 11704279 0 0 5295761 5295761 0 0 0 0 2897020 1826400 1070620 0 0 0 0 0 34275226 28228653 5983023 63550 2660873 2189317 466605 4951 4228607 3479000 741737 7870 2440532 2008927 427071 4534 0 0 0 0 265333 0 265333 0 144587 0 144587 0 0 0 0 0 0 0 708970 0 708970 0 1982798 1635710 343433 3655 8853769 8853769 0 0 2153320 1774488 374848 3984 1438069 1183216 252177 2676 0 0 0 0 2006965 1424474 570713 11778 40602 33779 6750 73 0 0 0 0 76202 62697 13363 142 328600 0 328600 0 0 0 0 0 1951722 1356463 583483 11776 178177 159368 18581 228 Bad debt expense 2434 2434 0 0 Library 262019 262019 0 0 406554 333226 72561 767 72598140 60109701 12372455 115984 2353390 1948706 0 0 199562 223586 4777962 2350956 0 0 0 0 0 0 0 0 993969 1066336 62564891 34717827 28945948 27847064 83719125 91586145 7922376 17441351 0 0 0 0 4714768 3881001 133627100 146345145 7551953 6571572 0 0 3137057 2204578 14688070 13881721 0 0 0 0 0 0 1000000 0 272168 26649248 22657871 X 99385241 114751503 7592611 8935771 106977852 123687274 133627100 146345145 5434310 11275112 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 5679559 108775 621959 29450 0 0 6380843 0.184 0.371 0.445 1 0 1765725 4382285 6148010 10176722 34408642 27079807 17505557 0 673522 611080 62442 0 10365228 6260577 4104651 0 792767 766363 26404 27847064 0 0 Limited partnerships 17441351 F 17441351 87174463 11275112 0 0 543968 11819080 75355383 708970 1968097 2677067 78032450 70031782 0 0 0 543968 543968 69487814 708970 2401356 3110326 72598140 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 Rental expenses netted against rental income on Part VIII. Schedule D, Part XI, Line 4b Scholarships of $1,800,595 netted against tuition and fees for the audited financial statements. Additionally, the University closed its branch campus in Urbana, OH in April of 2020. As a result, $167,502 of revenue earned on that campus has been classified as results of discontinued operations in the audited consolidated statement of activities but included as revenue in this Form 990 on the same basis as prior periods. Schedule D, Part XII, Line 2d Rental expenses netted against rental income on Part VIII. Schedule D, Part XII, Line 4b Scholarships of $1,800,595 netted against tuition and fees for the audited financial statements. Additionally, the university closed its branch campus in Urbana, OH in April of 2020. As a result, $600,761 of expenses incurred on that campus have been classified as results of discontinued operations in the audited consolidated 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 nondiscriminatory policy in brochures, catalogs and other written communications in addition to its website. Schedule E, Part I, Line 6 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 2 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with a university in Oman. This MBA program is 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. 887745 East Asia and the Pacific 0 1 Program Services Franklin University offers and delivers undergraduate and graduate programs in partnership with a university in South Korea. These programs are identical in outcomes and instruction to the domestic based programs offered and delivered by Franklin to students in the United States. 65971 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. 11700 0 4 965416 0 0 0 0 0 0 1 Scholarships 662 1176990 0 N/A N/A Student Educational Opportunity Grant 462 505403 0 N/A N/A Tuition Discount and exchange program 1795 2043147 0 N/A N/A Federal Work Study 15 118202 0 N/A N/A CARES HEERF student relief grant 1764 1452019 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 494634 0 294328 0 23145 0 28500 0 19564 0 860171 0 0 0 Dr Christopher Washington Provost and SVP-Academic Affairs 250285 0 75706 0 436 0 28500 0 19564 0 374491 0 0 0 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 250285 0 74465 0 -3061 0 28500 0 12192 0 362381 0 0 0 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 227531 0 67696 0 2013 0 28500 0 9444 0 335184 0 0 0 Christi Farley-Cabungcal Chief of Staff & SVP Administration 227532 0 68824 0 154 0 28500 0 9444 0 334454 0 0 0 Rick Sunderman SVP and Chief Information Officer 218123 0 62299 0 2351 0 28042 0 19564 0 330379 0 0 0 Bill Chan VP-Strategic Alliances 181526 0 54908 0 -296 0 23643 0 9792 0 269573 0 0 0 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 188334 0 30818 0 5454 0 21915 0 19564 0 266085 0 0 0 Dr Lynnette Hull VP-Student Affairs 174285 0 53582 0 -759 0 22787 0 1019 0 250914 0 0 0 Randolph Snyder VP-Financial Services 174286 0 36298 0 -3653 0 21058 0 20099 0 248088 0 0 0 Dr Alyncia Bowen Dean, Ross College of Business 149228 0 23527 0 24930 0 17276 0 5735 0 220696 0 0 0 Dr Wendell Seaborne Dean Doctoral Studies and Academic Research 165541 0 24653 0 -733 0 19019 0 9189 0 217669 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 4118282 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 A compensation review, as prepared by an independent compensation consulting firm ("the consultants"), was conducted in fiscal year 2016-17 on the President of the University. 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) was conducted. Compensation levels were reviewed for market competitiveness and reasonableness and were compared for all components of pay including cash compensation, benefits and perquisites. In preparation for such reviews, the consultants interviewed the President and a number of members of the Board of Trustees to gain perspective on the University's work environment, mission, pay philosophies and pay program effectiveness as well as the President's duties. The results included individual market reports as well as an aggregate perspective. The Compensation Committee of the Board of Trustees approved the resulting reviews and compensation levels of the President, which was then ultimately approved in July of 2017 by the full Board. Additionally the Compensation Committee implemented a new policy around the review of all changes to executive compensation, including COLA adjustment, incentive payments and any increases to pay or benefits prior to such changes taking place. This policy covered all senior employees (earning over $100,000), including individuals not reporting directly to the President. All such actions are reflected in the minutes of the Compensation Committee. Any compensation changes made are relative to an independent market review. Form 990, Part VI, Section C, Line 19 Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.