2020-11-06T10:54:28-06:00 2019-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2019-01-01 231370501 THE FRANKLIN INSTITUTE FRAN 2154481200 222 NORTH 20TH STREET PHILADELPHIA PA 19103 LARRY DUBINSKI PRESIDENT & CEO 2154481200 2020-11-06 1 STACY CULLEN P00974308 2159798800 2020-11-06 50.239.110.162 2020-11-06 10:54:23 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FAABE2C940A09A3E5856F6F4172EC7420B2C308A 2019 2021-01-29 14:40:06Z LARRY DUBINSKI 222 NORTH 20TH STREET PHILADELPHIA PA 19103 50788837 0 X WWW.FI.EDU X 1824 PA IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY. 45 44 441 1746 228181 116895 13109742 18743110 24924802 26145314 1474442 1971983 666665 848470 40175651 47708877 310000 300000 0 0 17606350 17158479 211229 145995 2377061 20832376 24058427 38959955 41662901 1215696 6045976 152099662 166266350 16620782 15565710 135478880 150700640 X IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY. 0 0 5972471 4591647 EDUCATIONAL PROGRAMS, SERVICES & GRANTS: COMPLETING ITS 27TH YEAR IN 2019, THE PARTNERS FOR ACHIEVING CAREERS IN TECHNOLOGY AND SCIENCE (PACTS) PROGRAM IS ONE OF THE REGION'S OLDEST AND MOST COMPREHENSIVE SCIENCE IMMERSION PROGRAMS FOR DIVERSE URBAN HIGH SCHOOL STUDENTS. PACTS SERVED 90 STUDENTS FROM AREA PUBLIC SCHOOLS DURING THE 2018-2019 SCHOOL YEAR. IN ITS EIGHTH YEAR, THE INSTITUTE'S STEM SCHOLARS PROGRAM, A CONCENTRATED PROGRAM OF HIGH SCHOOL STUDENTS WHO SHOW HIGH INTEREST IN AND APTITUDE FOR STEM FIELDS, SERVED 73 STUDENTS. PACTS AND STEM SCHOLARS PROVIDE STUDENTS WITH ACCESS TO STEM PROFESSIONALS, AS WELL AS COLLEGE EDUCATIONAL PROGRAMS AND SERVICES, APPLICATION AND FINANCIAL AID COUNSELING, EXPOSURE TO STEM CAREERS, AND ANNUAL ROBOTICS PROGRAMS. THESE TWO PROGRAMS DELIVER UNIQUE STEM PROGRAMMING TO A DIVERSE AUDIENCE. THE FRANKLIN INSTITUTE HELPED 200 PARTNERS TO REACH 50,000 PEOPLE IN NEIGHBORHOODS ACROSS THE CITY WITH HANDS-ON WORKSHOPS AND DEMONSTRATIONS IN ITS NINTH YEAR IN 2019. THE FRANKLIN INSTITUTE ALSO DEVELOPS MODEL PROGRAMS IN SCIENCE LEARNING FOR THE K-12 EDUCATION COMMUNITY THAT ARE DELIVERED BOTH INSIDE AND OUTSIDE THE MUSEUM WALLS, INCLUDING THE LEAP INTO SCIENCE PROGRAM THAT COMBINED ALPHABETICAL LITERACY WITH SCIENTIFIC LITERACY FOR MORE THAN 700 EDUCATORS WHO ENGAGED MORE THAN 10,000 CHILDREN AND CAREGIVERS IN 12 STATES IN 2019. 22167792 20597139 MUSEUM ADMISSIONS & OPERATIONS: AS THE MOST-VISITED MUSEUM IN THE COMMONWEALTH AND A TOP-FIVE TOURIST DESTINATION IN THE CITY OF PHILADELPHIA, THE FRANKLIN INSITITUTE SERVES AS BOTH A PROMINENT EDUCATION AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2019, THE INSTITUTE WELCOMED 809,000 VISITORS TO THE MUSEUM, INCLUDING 32,000 CHILDREN WHO CAME FOR FREE AND 168,000 MORE AT A DEEPLY REDUCED COST VIA OUR ACCESS PROGRAM. THE FRANKLIN INSTITUTE'S LONGSTANDING REPUTATION HELPS TO ELEVATE THE COMMONWEALTH AND THE CITY OF PHILADELPHIA AS MODELS FOR CULTURAL AND INFORMAL EDUCATIONAL EXCELLENCE. THE INSTITUTE WELCOMES VISITORS OF ALL AGES TO EXPLORE SCIENCE IN INTERACTIVE EXHIBITS AND PUBLIC PROGRAMS. THE INSTITUTE REMAINS FULLY COMMITTED TO PROVIDING AN EXCEPTIONAL EXPERIENCE FOR ITS MANY VISITORS AND INCREASING SERVICE TO ITS AUDIENCE, EXTENDING THE INSTITUTE'S MISSION - TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY TO CHILDREN AND FAMILIES THROUGHOUT GREATER PHILADELPHIA, REGARDLESS OF MEANS, REMAINS, AS ALWAYS, AT THE HEART OF ITS PRIORITIES. IT DOES THIS THROUGH OUTSTANDING EXHIBITS AND MANY EDUCATION AND OUTREACH PROGRAMS, ESPECIALLY THOSE FOR UNDER-RESOURCED YOUTH AND FAMILIES SUCH AS COMMUNITY NIGHT AND THE PHILADELPHIA SCIENCE FESTIVAL. DURING THE 2019 CALENDAR YEAR, NEARLY 1,746 PEOPLE VOLUNTEERED 71,829 HOURS OF THEIR TIME AT THE INSTITUTE. FROM WORKING AT THE BRAIN BAR ON THE FLOOR TO STAFFING THE PHILADELPHIA SCIENCE FESTIVAL TO WORKING BEHIND THE SCENES TO CATALOG ITEMS IN THE ARCHIVES, THE INSTITUTE'S VOLUNTEERS PROVIDE VALUABLE ASSISTANCE. 1155564 300000 956685 FRANKLIN INSTITUTE AWARDS & OTHER PROJECTS FOR NEARLY TWO CENTURIES THE FRANKLIN INSTITUTE AWARDS PROGRAM HAS RECOGNIZED OUTSTANDING ACHIEVEMENTS IN SCIENCE AND TECHNOLOGY, CELEBRATED THE PURSUIT OF EXCELLENCE, AND PROVIDED DYNAMIC CONNECTIONS BETWEEN THE INSTITUTE AND THE ACADEMIC, SCIENTIFIC, AND BUSINESS COMMUNITIES. ON APRIL 11, FRANKLIN INSTITUTE AWARDS CEREMONY AND DINNER WAS THE CULMINATION OF A FULL WEEK OF INSPIRIING EVENTS. AWARDS WEEK, WHICH BEGAN THE MONDAY BEFORE THE AWARDS CEREMONY AND DINNER, INCLUDED A SERIES OF PUBLIC SYMPOSIA AND LECTURES THAT PROVIDED OPPORTUNITIES FOR THE DISTINGUISHED LAUREATES TO SHARE THEIR DISCOVERIES, EXPERIENCES, AND VIEWS WITH PUBLIC AUDIENCES.THE JOURNAL OF THE FRANKLIN INSTITUTE, THE SECOND OLDEST SCHOLARLY JOURNAL IN CONTINUOUS PUBLICATION IN THE UNITED STATES, HAS INCREASED THE VOLUME OF ARTICLES PER ISSUE, AS WELL AS THE READERSHIP. ALL 194 YEARS OF THE JOURNAL ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS.THE INSTITUTE HAS LONG BEEN A LEADER IN PROVIDING PROFESSIONAL DEVELOPMENT OFFERINGS FOR TEACHERS THROUGHOUT THE REGION AND IN 2019 SERVED 3,470 EDUCATORS. WHILE TEACHERS MAY ONLY HAVE ONE OPPORTUNITY TO BRING THEIR STUDENTS TO THE MUSEUM EACH YEAR, THE FRANKLIN INSTITUTE'S WEALTH OF EDUCATOR RESOURCES AND WORKSHOPS ENABLES TEACHERS TO BRING THE SPARK FOR HANDS-ON SCIENCE INTERACTION INTO THEIR DAILY LESSONS. THE INSTITUTE'S PROFESSIONAL DEVELOPMENT PROGRAMS BUILD TEACHERS' CONFIDENCE, AND HELP THEM TO ALIGN CLASSROOM EDUCATION WITH NATIONALLY MANDATED STANDARDS AND WITH INQUIRY-BASED LEARNING ACTIVITIES. 5831232 INTEREST AND DEPRECIATION EXPENSE NOT INCLUDED ABOVE.INTEREST $388,903DEPRECIATION $5,442,329 5831232 35127059 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 153 0 1 441 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 44 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA CA CT FL MD MA NJ NY X X K SIOBHAN KEEFE 2154481200 222 N 2OTH STREET PHILADELPHIA PA 19103 LARRY DUBINSKI PRESIDENT & CEO 37.50 X X 539576 0 45916 DONALD E MOREL JR PHD CHAIR 1.00 X X 0 0 0 SANDRA K BALDINO TRUSTEE 1.00 X 0 0 0 MICHAEL F BARRY TRUSTEE 1.00 X 0 0 0 NICK BAYER TRUSTEE 1.00 X 0 0 0 JOEL BERNSTEIN TRUSTEE 1.00 X 0 0 0 WADE H BERRETTINI MD PHD TRUSTEE 1.00 X 0 0 0 SUZANNE BODA TRUSTEE 1.00 X 0 0 0 RENEE B BOOTH PHD TRUSTEE 1.00 X 0 0 0 PIERRE BRONDEAU TRUSTEE 1.00 X 0 0 0 DONALD E CALLAGHAN TRUSTEE 1.00 X 0 0 0 HALLEE ADELMAN TRUSTEE 1.00 X 0 0 0 PETER K CLASSEN TRUSTEE 1.00 X 0 0 0 ANNIE DUKE TRUSTEE 1.00 X 0 0 0 CHRIS FRANKLIN TRUSTEE 1.00 X 0 0 0 MICHAEL C FORMAN TRUSTEE 1.00 X 0 0 0 JOHN T FRIES TRUSTEE 1.00 X 0 0 0 CHRIS FRALIC TRUSTEE 1.00 X 0 0 0 TONI GARRISON TRUSTEE 1.00 X 0 0 0 ELIZABETH H GEMMILL TRUSTEE 1.00 X 0 0 0 RICHARD J GREEN TRUSTEE 1.00 X 0 0 0 GRETE GREENACRE TRUSTEE 1.00 X 0 0 0 RICHARD A GREENAWALT TRUSTEE 1.00 X 0 0 0 RICHARD HENRIQUES TRUSTEE 1.00 X 0 0 0 FRANCES E JENSEN MD FACP TRUSTEE 1.00 X 0 0 0 STEPHEN E KELLY TRUSTEE 1.00 X 0 0 0 ELAINE LEVITT TRUSTEE 1.00 X 0 0 0 CHARISSE R LILLIE ESQ TRUSTEE 1.00 X 0 0 0 IRA M LUBERT TRUSTEE 1.00 X 0 0 0 THOMAS LYNCH TRUSTEE 1.00 X 0 0 0 JULIA GUSTADT TRUSTEE 1.00 X 0 0 0 MIRIAM G MANDELL TRUSTEE 1.00 X 0 0 0 SANDRA G MARSHALL TRUSTEE 1.00 X 0 0 0 CHRISTOPHER MCISAAC TRUSTEE 1.00 X 0 0 0 ROBERT S MCMENAMIN TRUSTEE 1.00 X 0 0 0 PAUL OFFIT MD TRUSTEE 1.00 X 0 0 0 QUENTIN ROACH TRUSTEE 1.00 X 0 0 0 MARVIN SAMSON TRUSTEE 1.00 X 0 0 0 MICHAEL INNOCENZO TRUSTEE 1.00 X 0 0 0 JOAN N STERN ESQ TRUSTEE 1.00 X 0 0 0 ANDREA ANANIA STEWART TRUSTEE 1.00 X 0 0 0 RICHARD W VAGUE TRUSTEE 1.00 X 0 0 0 LUIZ VIEIRA TRUSTEE 1.00 X 0 0 0 SUE WEBB TRUSTEE 1.00 X 0 0 0 TINA WELLS TRUSTEE 1.00 X 0 0 0 HAROLD L YOH III TRUSTEE 1.00 X 0 0 0 KAREN ZIMMER MD TRUSTEE 1.00 X 0 0 0 THE HONORABLE DARRELL L CLARKE TRUSTEE, EX OFFICIO 1.00 X 0 0 0 WILLIAM R HITE TRUSTEE, EX OFFICIO 1.00 X 0 0 0 THE HONORABLE JAMES F KENNEY TRUSTEE, EX OFFICIO 1.00 X 0 0 0 THE HONORABLE TOM WOLF TRUSTEE, EX OFFICIO 1.00 X 0 0 0 GERARD F JONES TRUSTEE, EX OFFICIO 1.00 X 0 0 0 DAN ABRAMOWICZ TRUSTEE, EX OFFICIO 1.00 X 0 0 0 TOM CARAMANICO TRUSTEE 1.00 X 0 0 0 OTIS HACKNEY III TRUSTEE, EX OFFICIO 1.00 X 0 0 0 CJ TAYLOR TRUSTEE, EX OFFICIO 1.00 X 0 0 0 MARSHA R PERELMAN TRUSTEE, EMERITUS 1.00 X 0 0 0 WILLIAM J AVERY TRUSTEE, EMERITUS 1.00 X 0 0 0 JAMES A UNRUH TRUSTEE, EMERITUS 1.00 X 0 0 0 MICHELLE SINGER TRUSTEE, EX OFFICIO 1.00 X 0 0 0 VINCENT AMATULLI TRUSTEE 1.00 X X 0 0 0 MAUREEN BRENNAN-MILLER TRUSTEE 1.00 X X 0 0 0 SAMUEL HAMILTON TRUSTEE 1.00 X 0 0 0 K SIOBHAN KEEFE SVP & CHIEF FINANCIAL OFFICER 37.50 X 227206 0 21658 MARK MILLS VP OF EXTERNAL AFFAIRS 37.50 X 204652 0 19071 RICHARD RABENA SVP OF OPERATIONS 37.50 X 224072 0 33767 DARRYL WILLIAMS SVP OF SCIENCE & EDUCATION 37.50 X 236958 0 21168 JULIE APPOLLONI VP OF STRATEGIC INITIATIVES 30.00 X 175162 0 7882 CHRIS RIZZO VP OF BUSINESS OPERATIONS 37.50 X 156789 0 34345 INEZ LANKENAU VP OF HUMAN RESOURCES 37.50 X 177735 0 34258 ABIGAIL BYSSHE VP OF EXPERIENCES AND BUS. DEV. 37.50 X 154509 0 18021 ERIN ARMSTRONG VP MKT COMM. & DIGITAL MEDIA 37.50 X 189268 0 16772 LOIS SWITKEN DIRECTOR OF SALES AND CATERING 37.50 X 127450 0 12840 MARCELLA GENEROSE DIRECTOR OF DONOR RELATIONS 37.50 X 111119 0 13831 JOY MONTEFUSCO DIRECTOR OF DIGITAL EDITORIAL 37.50 X 111401 0 22630 CASEY SATELL DIR OF INSTITUTIONAL GIVING 37.50 X 124780 0 18823 ANDREW KITAEFF DIR, MAJOR & PRINCIPAL GIFTS 37.50 X 159295 0 4337 2919972 0 325319 23 0 1 0 SMITH GROUP JJR INC 1700 NEW YORK AVENUE NW SUITE 100 WASHINGTON DC 20006 ARCHITECTURAL & ENGINEERING 1844286 MAYO SEITZ MEDIA INC 751 ARBOR WAY SUITE 130 BLUE BELL PA 19422 MEDIA CONSULTATION & PLACEMENT 997642 ABM INDUSTRY GROUPS LLC PO BOX 419860 BOSTON MA 02241 JANITORIAL 850097 FROG COMMISSARY CATERING 222 N 2OTH STREET PHILADELPHIA PA 19103 CATERING & FOOD SERVICE 785121 UNIVERSAL PROTECTION SVC LP PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 774644 24 1380 698707 53843 17989180 915995 18743110 MUSEUM ADMISSIONS 900099 13344006 13344006 ANCILLARY ACTIVITIES 900099 4065897 3837716 228181 MEMBERSHIPS 900099 3187080 3187080 EDUCATIONAL PROGRAMS & SERVICES 900099 2302999 2302999 GRANTS 900099 2288647 2288647 956685 956685 26145314 1322803 1322803 325172 325172 616159 0 616159 616159 616159 3366579 2717399 649180 649180 649180 239679 698707 362561 -122882 -122882 MISCELLANEOUS REVENUE 900099 30021 30021 30021 47708877 25917133 228181 2820453 X 300000 300000 2542022 1724656 117314 700052 10688323 8469387 1618452 600484 584539 450439 77779 56321 2415151 1467555 802653 144943 928444 715447 123540 89457 141747 141747 76016 76016 105300 105300 145995 145995 4960797 4410304 550493 1655533 1635236 14147 6150 714407 506476 88196 119735 334931 294937 39994 303235 303235 2535375 2525975 9400 655537 556490 69366 29681 74419 52693 13696 8030 403085 403085 5442329 5442329 507262 468514 38748 PROGRAM AND EXHIBIT SUP 4181163 4181163 MISCELLANEOUS 827014 533021 227831 66162 EVENT EXPENSES 381242 359882 21360 CULTIVATION AND FULFILL 269662 24701 18007 226954 489373 301534 159436 28403 41662901 35127059 4158781 2377061 5872426 5355737 8297437 16025263 1505482 1123548 1084898 1067629 163821186 91779147 76350406 72042039 44816481 54587166 14141988 15938836 30544 30544 0 95588 152099662 166266350 5736315 5681587 1420430 1434844 9464037 8449279 16620782 15565710 X 76822288 74866195 58656592 75834445 135478880 150700640 152099662 166266350 X 6045976 9326664 -150880 X 0 1 X 1 0 X 5912180 9846290 9502443 13109742 18743110 57113765 5912180 9846290 9502443 13109742 18743110 57113765 19985024 37128741 1805324 1884987 2085005 1994918 2264134 10034368 151090 163645 59797 79887 116895 571314 177368 315024 441213 369201 269700 1572506 69291953 0.53580 0.60450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2015 AMOUNT: $ 177,368. 2016 AMOUNT: $ 281,781. 2017 AMOUNT: $ 402,407. 2018 AMOUNT: $ 341,717. 2019 AMOUNT: $ 239,679. FOTO FANTASY COIN PRESS ETC - 2016 AMOUNT: $ 33,243. 2017 AMOUNT: $ 38,806. 2018 AMOUNT: $ 27,484. 2019 AMOUNT: $ 30,021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 95300 95300 41567601 41662901 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 95300 95300 250000 250000 250000 250000 1000000 1500000 X X 0 44816481 1432384 9456725 1118425 54587165 47661667 1747767 -2934362 500000 1158591 44816481 37759403 4430760 6965415 1493911 47661667 36991412 159537 2649040 2040586 37759403 38156270 145456 269566 1579880 36991412 0.23180 0.18590 0.58230 1 0 12000000 12000000 90303182 39271980 51031202 6705132 5130929 1574203 54812872 47376238 7436634 72042039 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 15860308 F BENEFICIAL INTEREST IN CHARITABLE GIFT ANNUITIES 78528 F 15938836 X 57327658 9326664 46959 245158 9618781 47708877 0 47708877 42105898 46959 396038 442997 41662901 0 41662901 PART III, LINE 1A: COLLECTION ASSETS OF THE INSTITUTE HAVE NOT BEEN CAPITALIZED NOR RECOGNIZED. COLLECTION ITEMS ARE HELD AS HISTORICAL TREASURES AND ARE UNDER THE STEWARDSHIP OF THE INSTITUTE ACTING THROUGH ITS PRESIDENT AND CURATORIAL STAFF. THE COST OF CURRENT COLLECTION ADDITIONS TO EXHIBITS, BOOKS AND SCIENTIFIC LITERATURE IS CHARGED TO EXPENSE. A PORTION OF SUCH COST MAY BE REIMBURSED BY DESIGNATED CONTRIBUTED FUNDS AND INCOME OF NET ASSETS WITH DONOR RESTRICTIONS. PART III, LINE 4: THE HISTORICAL AND INTERPRETIVE COLLECTIONS OF THE FRANKLIN INSTITUTE ARE ORGANIZED INTO THREE TYPES OF HOLDINGS: MUSEUM, ARCHIVES AND LIBRARY. THEY EACH PLAY AN INSTRUMENTAL ROLE IN EDUCATIONAL AND PUBLIC PROGRAMMING THROUGH PERMANENT AND TEMPORARY GALLERY EXHIBITIONS; DEVELOPMENT INITIATIVES; OUTREACH, MARKETING AND PROMOTIONAL ACTIVITIES; AND INTERNET-BASED PRESENTATIONS. PART V, LINE 4: SCHEDULE D, PART V, LINE 4 THE ENDOWMENT FUNDS SUPPORT A VARIETY OF THE FRANKLIN INSTITUTE'S ACTIVITIES BASED UPON ORIGINAL DONOR INTENT. ACTIVITIES SUPPORTED INCLUDE THE FOLLOWING: AWARDS PROGRAM, LIBRARY, CURATORIAL AND COLLECTIONS, MUSEUM PROGRAMS, SUBSIDIZED ADMISSION TO THE SCIENCE MUSEUM AND GENERAL OPERATIONS. PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2016-2018) OR THOSE EXPECTED TO BE TAKEN IN THE INSTITUTE'S 2019 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES 362,561. NET UNREALIZED LOSS ON INTEREST RATE SWAP -23,243. NET ACTUARIAL LOSS ON DEFINED BENEFIT RETIREMENT PLAN -94,160. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES 378,561. LOSS ON DISPOSAL OF ASSETS SHOWN AS EXPENSE ON FINANCIAL STATEMENTS 11,519. ITEM POSTED FROM EXPENSE TO BALANCE SHEET TIMING DIFFERENCE 5,958. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 TRAVEL TO AND FROM REGION 18574 NORTH AMERICA 0 0 TRAVEL TO AND FROM REGION 1896 0 0 0 0 0 0 20470 0 20470 0 0 0 0 0 0 PART I, LINE 2: THE FRANKLIN INSTITUTE AWARDS ONE INDIVIDUAL WITH THE BOWER AWARD AND PRIZE FOR ACHIEVEMENT IN SCIENCE EACH YEAR. THE AWARD WINNER IS CHOSEN BY THE COMMITTEE ON SCIENCE AND THE ARTS, FOLLOWING A FORMAL NOMINATION AND DELIBERATION PERIOD. THE PRIZE MONEY AWARDED IS NOT A GRANT, SO MONITORING OF USE OF FUNDS IS NOT REQUIRED OR APPROPRIATE. THE INSTITUTE PROVIDES HONORARIUM PAYMENTS TO THE OTHER BENJAMIN FRANKLIN MEDALISTS, WITH THE EXCEPTION OF THE BOWER AWARD FOR BUSINESS LEADERSHIP. THE AWARD WINNERS ARE CHOSEN BY THE COMMITTEE ON SCIENCE AND THE ARTS FOLLOWING A FORMAL NOMINATION AND DELIBERATION PERIOD. THE HONORARIUM PAYMENTS AWARDED ARE NOT GRANTS, SO MONITORING OF USE OF FUNDS IS NOT REQUIRED OR APPROPRIATE. PART III ACCOUNTING METHOD: X X X X X X X 1 MAE DANILLER & CO 3724 JEFFERSON SUITE 302 AUSTIN TX 78731 CONSULTING - DIRECT MAIL/EMAIL SOLICITATIONS 0 429290 457757 -28467 429290 457757 -28467 PA NJ CA CT FL MD MA AZ WA NY FRANKLIN AWARDS 938386 698707 239679 173422 189139 938386 698707 239679 173422 189139 362561 -122882 1 BOWER LAUREATE HONORARIUM 6 300000 PART I, LINE 2: THE INSTITUTE PROVIDES HONORARIUM PAYMENTS TO THE OTHER BENJAMIN FRANKLIN MEDALISTS, WITH THE EXCEPTION OF THE BOWER AWARD FOR BUSINESS LEADERSHIP. THE AWARD WINNERS ARE CHOSEN BY THE COMMITTEE ON SCIENCE AND THE ARTS FOLLOWING A FORMAL NOMINATION AND DELIBERATION PERIOD. THE HONORARIUM PAYMENTS AWARDED ARE NOT GRANTS, SO MONITORING OF USE OF FUNDS IS NOT REQUIRED OR APPROPRIATE. THE 2019 $250K BOWER PRIZE RECIPIENT OPTED TO HAVE THEIR PRIZE DONATED TO VARIOUS CHARITIES OF THEIR CHOOSING. ONE OF THE BENJAMIN FRANKLIN MEDALISTS DECLINED THEIR $10,000 CASH PRIZE, AND THE FUNDS WERE RETURNED TO THE ENDOWMENT FOR USE FOR FUTURE MEDALISTS. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 LARRY DUBINSKI PRESIDENT & CEO 395888 0 131585 0 12103 0 17890 0 28026 0 585492 0 0 0 K SIOBHAN KEEFE SVP & CHIEF FINANCIAL OFFICER 200292 0 25858 0 1056 0 12005 0 9653 0 248864 0 0 0 MARK MILLS VP OF EXTERNAL AFFAIRS 150168 0 21630 0 32854 0 9010 0 10061 0 223723 0 0 0 RICHARD RABENA SVP OF OPERATIONS 186052 0 34816 0 3204 0 11395 0 22372 0 257839 0 0 0 DARRYL WILLIAMS SVP OF SCIENCE & EDUCATION 213398 0 22300 0 1260 0 11515 0 9653 0 258126 0 0 0 JULIE APPOLLONI VP OF STRATEGIC INITIATIVES 126215 0 48788 0 159 0 7573 0 309 0 183044 0 0 0 CHRIS RIZZO VP OF BUSINESS OPERATIONS 146519 0 10000 0 270 0 8866 0 25479 0 191134 0 0 0 INEZ LANKENAU VP OF HUMAN RESOURCES 160140 0 17325 0 270 0 7769 0 26489 0 211993 0 0 0 ABIGAIL BYSSHE VP OF EXPERIENCES AND BUS. DEV. 144350 0 10000 0 159 0 8686 0 9335 0 172530 0 0 0 ERIN ARMSTRONG VP MKT COMM. & DIGITAL MEDIA 171591 0 17263 0 414 0 7119 0 9653 0 206040 0 0 0 ANDREW KITAEFF DIR, MAJOR & PRINCIPAL GIFTS 159127 0 0 0 168 0 3731 0 606 0 163632 0 0 0 PART I, LINE 1A DURING 2019, THE FRANKLIN INSTITUTE PROVIDED MEMBERSHIP IN THE UNION LEAGUE OF PHILADELPHIA AND THE FITLER CLUB FOR THE PRESIDENT AND CEO. THE MEMBERSHIPS ARE PRINCIPALLY FOR BUSINESS PURPOSES. PART I, LINE 3 THE FRANKLIN INSTITUTE PAID SEVERANCE IN THE AMOUNT OF $32,688 TO THE VP OF EXTERNAL AFFAIRS IN 2019. PART I, LINE 7 REFER TO SCHEDULE O, DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15A AND 15B, PROCESS USED TO DETERMINE EXECUTIVE COMPENSATION. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 717818QG8 2006-03-22 14095000 REFINANCED DEBT, FUNDING FOR PRIOR CAPITAL PROJECTS 0 0 0 A 5580000 14265843 206552 5358 14058055 1990 0 1 1 1 A 0 0 0 0 0 0 1 A 1 1 1 BANK OF AMERICA 20.000000000000 0 0 0 0 1 A 1 LISA WELLS FAMILY MEMBER OF TINA WELLS, TRUSTEE 34210 EMPLOYMENT 0 X 20 915995 MARKET VALUE 0 1 1 PART I, LINE 32B: THE FRANKLIN INSTITUTE UTILIZES A BROKER TO IMMEDIATELY SELL ANY GIFTS OF SECURITIES UPON RECEIPT OF THE GIFT. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL FORMAN HAS A BUSINESS RELATIONSHIP WITH RICHARD VAGUE AND IRA LUBERT. PIERRE BRONDEAU HAS A BUSINESS RELATIONSHIP WITH THOMAS LYNCH. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DRAFT FORM 990, AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED WITH THE IRS. AND, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FRANKLIN INSTITUTE BOARD MEMBERS AND SENIOR MANAGEMENT STAFF COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSURE FORM WHICH INCLUDES ACKNOWLEDGING RECEIPT OF, AND FAMILIARITY WITH, THE INSTITUTE'S CODE OF CONDUCT AND ETHICS POLICY. IN ADDITION, ALL EMPLOYEES RECEIVE THE CODE OF CONDUCT AND ETHICS POLICY APPROVED BY THE BOARD OF TRUSTEES. THE SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER REVIEWS THE COMPLETED ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES AND PROVIDES A SUMMARY FOR REVIEW BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEES AND OFFICERS OF THE FRANKLIN INSITUTE IN 2019 INCLUDED THE FOLLOWING INDIVIDUALS: LARRY DUBINSKI, PRESIDENT AND CEO SIOBHAN KEEFE, CHIEF FINANCIAL OFFICER & TREASURER MARK MILLS, VICE PRESIDENT OF EXTERNAL AFFAIRS & SECRETARY ERIN ARMSTRONG, VICE PRESIDENT OF MARKETING, COMMUNICATIONS, DIGITAL MEDIA & SECRETARY RICHARD RABENA, SENIOR VICE PRESIDENT OF OPERATIONS DARRYL WILLIAMS, SENIOR VICE PRESIDENT OF SCIENCE & EDUCATION INEZ LANKENAU, VICE PRESIDENT OF HUMAN RESOURCES JULIE APPOLLONI, VICE PRESIDENT OF STRATEGIC INITIATIVES CHRIS RIZZO, VICE PRESIDENT OF BUSINESS OPERATIONS ABIGAIL BYSSHE, VICE PRESIDENT OF EXPERIENCES & BUSINESS DEVELOPMENT THE PROCESS THE FRANKLIN INSTITUTE USES TO ESTABLISH COMPENSAITON FOR OFFICERS AND KEY EMPLOYEES INCLUDES A COMPLETE REVIEW OF EXECUTIVE COMPENSATION LEVELS BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE FRANKLIN INSTITUTE. THE REVIEW IS BASED ON A MARKET ANALYSIS PREPARED BY A COMPENSATION CONSULTING FIRM USING PUBLISHED COMPENSATION SURVEYS FOR BOTH NOT-FOR-PROFIT AND FOR-PROFIT ORGANIZATIONS COMPARABLE IN SIZE TO THE FRANKLIN INSTITUTE. COMPENSATION DECISIONS ARE MADE ON TWO LEVELS: RECOMMENDATIONS ARE MADE BY THE PRESIDENT AND CEO TO THE COMPENSATION COMMITTEE FOR APPROVAL OF ACTIONS REGARDING THE COMPENSATION OF SENIOR VICE PRESIDENTS AND VICE PRESIDENTS. THE COMPENSATION COMMITTEE DEVELOPS RECOMMENDATIONS FOR THE PRESIDENT AND CEO'S COMPENSATION AND REFERS ITS RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FRANKLIN INSTITUTE'S FORM 990 IS POSTED ANNUALLY ON GUIDESTAR.ORG. THE FRANKLIN INSTITUTE PUBLISHES AN ANNUAL REPORT, WHICH INCLUDES THE AUDITED STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS AND THE AUDITED STATEMENT OF FINANCIAL POSITION. THE FRANKLIN INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING & OTHER: PROGRAM SERVICE EXPENSES 4,410,304. MANAGEMENT AND GENERAL EXPENSES 550,493. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,960,797. FORM 990, PART XI, LINE 9: NET UNREALIZED LOSS ON INTEREST RATE SWAP -23,243. NET ACTUARIAL LOSS ON DEFINED BENEFIT RETIREMENT PLAN -94,160. LOSS ON DISPOSAL OF ASSETS SHOWN AS EXPENSE ON FINANCIAL STATEMENTS -11,519. ITEM POSTED FROM EXPENSE TO BALANCE SHEET TIMING DIFFERENCE -5,958. IN-KIND EVENT EXPENSES NOT INCLUDED IN PART VIII -16,000.