2019-11-13T14:46:43-06:00 2018-12-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2018-01-01 231370501 The Franklin Institute % K SIOBHAN KEEFE FRAN 2154481200 222 North 20th Street Philadelphia PA 19103 LARRY DUBINSKI PRESIDENT & CEO 2154481200 2019-11-08 true Frank Giardini P00532355 2155614200 164.57.159.254 23695320193175000019 2019-11-13 P AF38055EA0C458F5DFF86B17E1CA6D05FAA6C172 5C074DA64E4155FAEA39F9D5A2EDD9F8721B5F91 2018 2020-01-14 16:20:31Z Larry Dubinski 222 North 20th Street Philadelphia PA 19103 43219165 false 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. 47 46 480 1595 236901 79887 9502443 13109742 27269974 24924802 1289446 1474442 976472 666665 39038335 40175651 310000 310000 0 0 17427812 17606350 111582 211229 2082628 21932369 20832376 39781763 38959955 -743428 1215696 158974120 152099662 18467615 16620782 140506505 135478880 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. false false 6403542 0 5499704 EDUCATIONAL PROGRAMS, SERVICES & GRANTS COMPLETING ITS 26TH YEAR IN 2018, 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 181 STUDENTS FROM AREA PUBLIC SCHOOLS DURING THE 2017-2018 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 46 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. AS THE ORGANIZER OF THE PHILADELPHIA SCIENCE FESTIVAL, THE FRANKLIN INSTITUTE HELPED 200 PARTNERS TO REACH 50,000 PEOPLE IN NEIGHBORHOODS ACROSS THE CITY WITH HANDS-ON WORKSHOPS AND DEMONSTRATIONS IN ITS EIGHTH YEAR IN 2018. FEATURING THE SCIENCE CARNIVAL ON THE PARKWAY THAT WAS ATTENDED BY MORE THAN 35,000 PEOPLE, THE FESTIVAL ALSO HELD DOZENS OF STARGAZING EVENTS IN CITY NEIGHBORHOODS AND OFFERED A DIVERSE RANGE OF PUBLIC PROGRAMMING ABOUT SCIENCE AND TECHNOLOGY FOR BOTH ADULTS AND CHILD AUDIENCES. ONE PARTICULAR SUCCESS WAS A DOZEN DISCOVERY DAYS, GATHERINGS OF NONPROFIT, CORPORATE, AND ACADEMIC PARTNERS IN NEIGHBORHOODS ACROSS THE CITY AND THE SURROUNDING SUBURBS, WHO WORKED TOGETHER TO EDUCATE AND INSPIRE RESIDENTS ABOUT VARIOUS ASPECTS OF SCIENCE AND DISCOVERY. 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 480 EDUCATORS WHO ENGAGED MORE THAN 17,500 CHILDREN AND CAREGIVERS IN 22 STATES IN 2018. 20183749 0 18211185 MUSEUM ADMISSIONS & OPERATIONS AS THE MOST VISITED MUSEUM IN THE COMMONWEALTH AND A TOP-FIVE TOURIST DESTINATION IN THE CITY OF PHILADELPHIA, THE FRANKLIN INSTITUTE SERVES AS BOTH A PROMINENT EDUCATION AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2018, THE INSTITUTE WELCOMED 733,324 VISITORS TO THE MUSEUM, INCLUDING 35,000 CHILDREN WHO CAME FOR FREE AND 135,000 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 EDUCATION 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 SO 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. THE INSTITUTE REGULARLY HOSTS TRAVELING EXHIBITIONS COVERING DIFFERENT TOPICS AND ERAS. WE BEGAN 2018 WITH TERRACOTTA WARRIORS OF THE FIRST EMPEROR, IN WHICH VISITORS TRAVELED BACK MORE THAN 2,000 YEARS TO DISCOVER THE SECRETS OF ANCIENT CHINA, INCLUDING 10 LIFE-SIZE CLAY STATUES AND 160 OTHER ARTIFACTS. THEN, GAME MASTERS INVITED GUESTS TO ENJOY 100+ VIDEO GAMES SPANNING FOUR DECADES, WITH ADDITIONAL ACTIVITIES DIVING INTO THE SCIENCE OF PROGRAMMING AND DIGITAL CREATION. WE FINISHED THE YEAR WITH VIKINGS: BEYOND THE LEGEND, WHICH IMMERSED VISITORS IN THE WORLD OF THESE ANCIENT EXPLORERS, FEATURING MORE THAN 600 ARTIFACTS AND A RECONSTRUCTED 122-FOOT VIKING SHIP. THE THREE INSTITUTE THEATERS: THE FELS PLANETARIUM, THE FRANKLIN 3D THEATER, AND THE TUTTLEMAN IMAX, OPENED NEW WORLDS TO HUNDREDS OF THOUSANDS OF VISITORS. THE FREQUENTLY UPDATED SCHEDULE OF CINEMATIC PROGRAMMING IN 2018 INCLUDED A BEAUTIFUL PLANET, MYSTERIES OF CHINA, DREAM BIG, AND EXTREME WEATHER. WHILE THE INSTITUTE'S HISTORIC FELS PLANETARIUM CONTINUED TO OFFER OUT-OF-THIS-WORLD SHOWS INCLUDING THE FIRST FRANKLIN INSTITUTE -PRODUCED FULL DOME PLANETARIUM SHOW TO SPACE AND BACK, ALONG WITH THE SKY TONIGHT, WILDEST WEATHER IN THE SOLAR SYSTEM, AND ASTEROID: MISSION EXTREME. DURING THE 2018 CALENDAR YEAR, NEARLY 1,600 PEOPLE VOLUNTEERED 74,000 HOURS OF THEIR TIME AT THE INSTITUTE - THE EQUIVALENT OF 38 FULL-TIME POSITIONS AND $1.8 MILLION. 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. THE FRANKLIN INSTITUTE WELCOMED 54 COLLEGE INTERNS FROM SCHOOLS ACROSS THE STATE IN 2018, WHO CONTRIBUTED OVER 10,824 HOURS OUT OF THEIR BUSY SCHEDULES. IN ADDITION TO LENDING THE INSTITUTE THEIR SKILLS, THEY LEARNED ON-THE-JOB LESSONS THAT WILL HELP THEM IN THE JOB MARKET, AND GAINED EXPERIENCE AS MUSEUM EDUCATORS. ANOTHER GROUP OF VOLUNTEERS ARE THE RETIRED SCIENTISTS, ENGINEERS, AND INVENTORS WHO WORK ON THE FLOOR EXPLAINING THE EXHIBITS AND DEMONSTRATIONS TO VISITORS. STILL OTHER VOLUNTEERS WORK WITH STUDENTS IN THE PARTNERSHIPS FOR ACHIEVING CAREERS IN SCIENCE AND TECHNOLOGY (PACTS) PROGRAM, TEACHING THEM HOW TO BUILD ROBOTS, DESIGN BUILDINGS, AND BECOME WHO THEY WANT TO BE. OTHER VOLUNTEERS INCLUDE THE MEMBERS OF THE COMMITTEE ON SCIENCE AND THE ARTS, WHO HELP SELECT THE FRANKLIN AWARDS LAUREATES EACH YEAR, AND THE MANY MEMBERS OF THE COMMUNITY WHO SERVE ON BOARDS SUCH AS THE FRIENDS COMMITTEE, THE AWARDS COMMITTEE, AND THE BOARD OF TRUSTEES. 1131066 310000 1128058 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 19, THE SOLD-OUT FRANKLIN INSTITUTE AWARDS CEREMONY AND DINNER WAS THE CULMINATION OF A FULL WEEK OF INSPIRING 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 INTERNATIONALLY DISTINGUISHED LAUREATES TO SHARE THEIR DISCOVERIES, EXPERIENCES, AND VIEWS WITH PUBLIC AUDIENCES. OTHER AWARDS WEEK ACTIVITIES INCLUDED LAUREATES' LABORATORY, A SESSION AT THE INSTITUTE IN WHICH THE LAUREATES PARTICIPATED IN INTERACTIVE DEMONSTRATIONS OF THEIR WORK GEARED TOWARD VISITING STUDENTS; AND THE MEET THE SCIENTISTS PROGRAM, WHICH WAS MODERATED BY STUDENTS FROM THE PACTS PROGRAM. ONE HIGHLIGHT OF THE 2018 AWARDS CEREMONY AND DINNER WAS THE CONFERRING OF THE BOWER AWARD FOR BUSINESS LEADERSHIP TO ANNE MULCAHY FOR HER TRANSFORMATIONAL LEADERSHIP OF THE ICONIC XEROX CORPORATION, WHERE HER FOCUS ON VALUES, CUSTOMERS, EMPLOYEES, AND INNOVATION LED TO ONE OF THE BIGGEST CULTURAL AND FINANCIAL TURNAROUNDS IN THE HISTORY OF THE FORTUNE 500. THE 2018 BOWER AWARD FOR ACHIEVEMENT IN SCIENCE WAS CONFERRED TO DR. PHILIPPE HORVATH FOR THE FOUNDATIONAL DISCOVERY OF THE ROLE OF CRISPR-CAS AS A MICROBIAL SYSTEM OF ADAPTIVE IMMUNITY THAT HAS BEEN DEVELOPED AS A POWERFUL TOOL FOR PRECISE EDITING OF DIVERSE GENOMES. SEVEN OTHER SCIENTISTS, EACH OF WHOM REPRESENTS THE PINNACLE OF REVOLUTIONARY ACHIEVEMENT IN THEIR RESPECTIVE FIELDS, RECEIVED AWARDS, INCLUDING DR. JOHN GOODENOUGH (CHEMISTRY), DR. VINTON GRAY CERF AND DR. ROBERT KAHN (COMPUTER AND COGNITIVE SCIENCE), DR. SUSAN TRUMBORE (EARTH AND ENVIRONMENTAL SCIENCE), DR. MANIJEH RAZEGHI (ELECTRICAL ENGINEERING), DR. ADRIAN BEJAN (MECHANICAL ENGINEERING), AND DR. HELEN RHODA QUINN (PHYSICS). 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 193 YEARS OF THE JOURNAL ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS. THE INSTITUTE'S ONLINE PRESENCE CONTINUED TO SERVE AS A POPULAR SOURCE OF COMPLEMENTARY INFORMATION FOR EDUCATORS AND THE GENERAL PUBLIC ALIKE IN 2018, WITH 3.9 MILLION PEOPLE VISITING OUR WEBSITE, 600,000 FOLLOWING US ON FACEBOOK, 65,000 ON TWITTER, AND 43,000 ON INSTAGRAM. THE INSTITUTE HAS LONG BEEN A LEADER IN PROVIDING PROFESSIONAL DEVELOPMENT OFFERINGS FOR TEACHERS THROUGHOUT THE REGION AND IN 2018 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. 449688 Interest 4949136 Depreciation 85855 Theater UBI 5398824 85855 33117181 true true false true false false false true false true true true false false false true true false false false true false true true true false false false true true true false false false false false false false false true false true true false false false false false false false true 142 0 true 480 true true true false false false false true true false false false true false false false X 47 46 true false false false false false false true true false false true true true true true true true true true true CA CT FL MD MA NJ NY PA X X K SIOBHAN KEEFE 2154481200 222 NORTH 20TH STREET Philadelphia PA 19103 Larry Dubinski President & CEO 37.5 0.0 X X 519412 0 48169 Donald E Morel Jr PhD Chair 1.0 0.0 X X 0 0 0 Sandra K Baldino Trustee 1.0 0.0 X 0 0 0 Michael F Barry Trustee 1.0 0.0 X 0 0 0 Nick Bayer Trustee 1.0 0.0 X 0 0 0 Joel Bernstein Trustee 1.0 0.0 X 0 0 0 Wade H Berrettini MD PhD Trustee 1.0 0.0 X 0 0 0 Suzanne Boda Trustee 1.0 0.0 X 0 0 0 Renee B Booth PhD Trustee 1.0 0.0 X 0 0 0 Yvette Bright Trustee (end 12/3/18) 1.0 0.0 X 0 0 0 Pierre Brondeau Trustee 1.0 0.0 X 0 0 0 Donald E Callaghan Trustee 1.0 0.0 X 0 0 0 Hallee Adelman Trustee 1.0 0.0 X 0 0 0 Peter K Classen Trustee 1.0 0.0 X 0 0 0 Annie Duke Trustee 1.0 0.0 X 0 0 0 Chris Franklin Trustee 1.0 0.0 X 0 0 0 Michael C Forman Trustee 1.0 0.0 X 0 0 0 John T Fries Trustee 1.0 0.0 X 0 0 0 Chris Fralic Trustee 1.0 0.0 X 0 0 0 Toni Garrison Trustee 1.0 0.0 X 0 0 0 Elizabeth H Gemmill Trustee 1.0 0.0 X 0 0 0 Richard J Green Trustee 1.0 0.0 X 0 0 0 Grete Greenacre Trustee 1.0 0.0 X 0 0 0 Richard A Greenawalt Trustee 1.0 0.0 X 0 0 0 Richard Henriques Trustee 1.0 0.0 X 0 0 0 Frances E Jensen MD FACP Trustee 1.0 0.0 X 0 0 0 Stephen E Kelly Trustee 1.0 0.0 X 0 0 0 Elaine Levitt Trustee 1.0 0.0 X 0 0 0 Charisse R Lillie Esq Trustee 1.0 0.0 X 0 0 0 Ira M Lubert Trustee 1.0 0.0 X 0 0 0 Thomas Lynch Trustee 1.0 0.0 X 0 0 0 Julia Gustadt Trustee 1.0 0.0 X 0 0 0 Miriam G Mandell Trustee 1.0 0.0 X 0 0 0 Sandra G Marshall Trustee 1.0 0.0 X 0 0 0 Christopher McIsaac Trustee 1.0 0.0 X 0 0 0 Robert S McMenamin Trustee 1.0 0.0 X 0 0 0 Denis P O'Brien Trustee (end 12/3/18) 1.0 0.0 X 0 0 0 Paul Offit MD Trustee 1.0 0.0 X 0 0 0 Quentin Roach Trustee 1.0 0.0 X 0 0 0 Marvin Samson Trustee 1.0 0.0 X 0 0 0 Michael Innocenzo Trustee 1.0 0.0 X 0 0 0 Joan N Stern Esq Trustee 1.0 0.0 X 0 0 0 Andrea Anania Stewart Trustee 1.0 0.0 X 0 0 0 Richard W Vague Trustee 1.0 0.0 X 0 0 0 Luiz Vieira Trustee 1.0 0.0 X 0 0 0 Sue Webb Trustee 1.0 0.0 X 0 0 0 Tina Wells Trustee 1.0 0.0 X 0 0 0 Paul H Woodruff PE Trustee (end 12/3/18) 1.0 0.0 X 0 0 0 Harold L Yoh III Trustee 1.0 0.0 X 0 0 0 Karen Zimmer MD Trustee 1.0 0.0 X 0 0 0 The Honorable Darrell L Clarke Trustee, Ex Officio 1.0 0.0 X 0 0 0 William R Hite Trustee, Ex Officio 1.0 0.0 X 0 0 0 The Honorable James F Kenney Trustee, Ex Officio 1.0 0.0 X 0 0 0 The Honorable Tom Wolf Trustee, Ex Officio 1.0 0.0 X 0 0 0 Gerard F Jones Trustee, Ex Officio 1.0 0.0 X 0 0 0 Dan Abramowicz Trustee, Ex Officio 1.0 0.0 X 0 0 0 Tom Caramanico Trustee, Ex Officio 1.0 0.0 X 0 0 0 Otis Hackney Trustee, Ex Officio 1.0 0.0 X 0 0 0 CJ Taylor Trustee, Ex Officio 1.0 0.0 X 0 0 0 Marsha R Perelman Trustee, Emeritus 1.0 0.0 X 0 0 0 William J Avery Trustee, Emeritus 1.0 0.0 X 0 0 0 James A Unruh Trustee, Emeritus 1.0 0.0 X 0 0 0 Michelle Singer Trustee, Rep of Tom Wolf 1.0 0.0 X 0 0 0 K Siobhan Keefe VP of Finance & Treasurer 37.5 0.0 X 219362 0 20819 Mark Mills VP of External Affairs 37.5 0.0 X 206610 0 20585 Susan Poulton Chief Digital Off. (end 9/18) 37.5 0.0 X 262119 0 20256 Richard Rabena SVP of Operations 37.5 0.0 X 226774 0 35310 Darryl Williams SVP of Science & Education 37.5 0.0 X 176673 0 6708 Kathryn Giorgianni AVP -I/T Services (end 8/18) 37.5 0.0 X 151858 0 25885 Julie Appolloni VP of Strategic Initiatives 30.0 0.0 X 138314 0 6751 Lois Switken Director of Sales and Catering 37.5 0.0 X 139538 0 13636 Karen Elinich Dir Sci Cont&Learn (end 10/18) 37.5 0.0 X 145388 0 14821 Chris Rizzo AVP of Business Operations 37.5 0.0 X 134029 0 29058 Inez Lankenau VP of Human Resources 37.5 0.0 X 133257 0 20601 2453334 0 262599 24 false true false Frog Commissary Catering 222 North 20th Street PHILADELPHIA PA 19103 Catering/Food Serv. 758279 ABM Industry Groups LLC PO Box 419860 BOSTON MA 02241 Janitorial 686118 Universal Protection Svc LP Po Box 828854 PHILADELPHIA PA 19182 Security Services 663579 One Sixty Over Ninety LLC 510 Walnut Street 19th Floor PHILADELPHIA PA 19106 Media Consult/Place 466951 Smith Group JJR Inc 1700 New York Ave NW Suite 100 WASHINGTON DC 20006 Architect & Engineer 438164 24 1750 799343 12308649 486651 13109742 MUSEUM ADMISSIONS 900099 10815826 10815826 0 0 ANCILLARY ACTIVITIES 900099 4363532 4126631 236901 0 GRANTS 900099 3150329 3150329 0 0 MEMBERSHIPS 900099 3117682 3117682 0 0 EDUCATIONAL PROGRAMS & SERVICES 611710 2349375 2349375 0 0 1128058 1128058 0 24924802 1176082 1176082 0 286547 286547 532289 532289 0 532289 532289 2820502 2522142 298360 298360 298360 341717 799343 521372 -179655 -179655 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 27484 0 0 27484 27484 40175651 24687901 236901 2141107 0 50000 50000 260000 260000 0 1940518 1316017 113516 510985 0 11904493 9647675 1646456 610362 651288 516572 83409 51307 2111013 1444675 557199 109139 999038 792391 127945 78702 0 214850 214850 72643 72643 6150 6150 211229 211229 0 3278505 2836089 442416 0 1383153 1358214 5543 19396 912521 664824 108780 138917 330775 326297 1803 2675 269298 269298 2342889 2332388 10501 739981 650742 64065 25174 0 62441 46591 8974 6876 449688 449688 0 4949136 4949136 457953 417315 40638 PROGRAM AND EXHIBIT SUPPLIES 3188620 3188620 0 0 GRANT SUBCONTRACT EXPENSES 293938 293938 0 0 EVENT EXPENSES 375867 363395 12473 0 CULTIVATION AND FULFILLMENT 167322 35331 7916 124074 1336646 907985 251520 177141 38959955 33117181 3760146 2082628 0 0 8375541 5872426 3423946 8297437 1704498 1505482 0 0 0 0 0 0 16578 0 1871831 1084898 165742799 89392393 79934732 76350406 47661667 44816481 15877808 14141988 107519 30544 0 0 0 0 158974120 152099662 6603533 5736315 0 0 1425287 1420430 10438795 9464037 0 0 0 0 0 0 0 0 0 0 18467615 16620782 X 81084087 76822288 34762850 34399544 24659568 24257048 140506505 135478880 158974120 152099662 X 1215696 -6075230 -514350 346259 X false true X true true true X 17807535 5912180 9846290 9502443 13109742 56178190 0 0 17807535 5912180 9846290 9502443 13109742 56178190 15264045 40914145 1749189 1805324 1884987 2085005 1994918 9519423 98780 151090 163645 59797 79887 553199 133682 177368 315024 441213 369201 1436488 67687300 123777117 0.60446 0.66490 X 38959955 38959955 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 X X false 47661667 1747767 -2934362 500000 1158591 44816481 37759403 4430760 6965415 1493911 47661667 36991412 159537 2649040 2040586 37759403 38156270 145456 269566 1579880 36991412 38104799 1565619 1514148 38156270 0.22810 0.57740 0.19450 true false 12000000 12000000 91144977 38219953 52925024 7175098 5722285 1452813 55422724 45450155 9972569 76350406 BEN. INT. IN PERP TRUSTS 14067479 F BEN. INT. IN CHAR. GIFT ANNUIT 74509 F 14141988 0 0 X 35030342 -6075231 51120 878802 -5145309 40175651 40175651 39543617 51120 521372 572492 38971125 -11170 -11170 38959955 COLLECTION OF ART, HISTORICAL TREASURES OR SIMILAR OTHER ASSETS SCHEDULE D, 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. SCHEDULE D, 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. ENDOWMENT FUNDS 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. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 THE INSTITUTE HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND HAS BEEN CLASSIFIED AS AN ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. CERTAIN UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAXES. MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2015 - 2017) OR THOSE EXPECTED TO BE TAKEN IN THE INSTITUTES 2018 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE WITH AFS SCHEDULE D, PART XI, LINE 2D FUNDRAISING EVENT DIRECT EXPENSES TOTALING $ 521,372 NET UNREALIZED GAIN ON INTEREST RATE SWAP 298,077 NET ACTUARIAL GAIN ON DEFINED BENEFIT RETIREMENT PLAN 59,353 ------------ TOTAL $878,802 ============ RECONCILIATION OF EXPENSES WITH AFS SCHEDULE D, PART XII, LINE 2D FUNDRAISING EVENT DIRECT EXPENSES $ 521,372 SCHEDULE D, PART XII, LINE 4B ITEM POSTED FROM EXPENSE TO BALANCE SHEET IN 2019 $ 11,170 true Europe (Including Iceland and Greenland) Grantmaking Cash Prize Bower Award 250000 Europe (Including Iceland and Greenland) Grantmaking Bower Laureate Honorar 10000 260000 260000 Bower Award Cash Prize to Laureate Europe (Including Iceland and Greenland) 1 250000 WIRE 0 Bower Laureate Honorarium Europe (Including Iceland and Greenland) 1 10000 WIRE 0 false false false false false false PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. SCHEDULE F, 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. Grants not exceeding $5,000 THE FRANKLIN INSTITUTE MAKES DE MINIMIS SCHOLARSHIP AND PARTICIPANT SUPPORT/HONORARIA PAYMENTS TO INDIVIDUALS THROUGHOUT ITS NORMAL COURSE OF BUSINESS. NONE OF THESE PAYMENTS EXCEED $5,000. PAYMENTS FOR SCHOLARSHIPS ARE MADE TO THE STUDENT'S SCHOOLS DIRECTLY RATHER THAN TO THE INDIVIDUAL, THEREBY ENSURING PROPER USE OF SCHOLARSHIP FUNDS. THE FRANKLIN INSTITUTE DOES NOT ISSUE GRANTS TO INDIVIDUALS OR ORGANIZATIONS. X X X X X X X true Mae Daniller Co 3724 Jefferson Suite 302 Austin TX 78731 Mailings false 780496 404378 376118 780496 404378 376118 AZ CA CT FL MD MA NJ NY PA WA FRANKLIN AWARDS 968061 742293 225768 166742 226496 VIKINGS 172999 57050 115949 49988 78146 0 1141060 799343 341717 216730 304642 521372 -179655 true LAUREATE HONORARIUM 6 50000 0 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. SCHEDULE I, 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. Grants not exceeding $5,000 THE FRANKLIN INSTITUTE MAKES DE MINIMIS SCHOLARSHIP AND PARTICIPANT SUPPORT/HONORARIA PAYMENTS TO INDIVIDUALS THROUGHOUT ITS NORMAL COURSE OF BUSINESS. NONE OF THESE PAYMENTS EXCEED $5,000. PAYMENTS FOR SCHOLARSHIPS ARE MADE TO THE STUDENT'S SCHOOLS DIRECTLY RATHER THAN TO THE INDIVIDUAL, THEREBY ENSURING PROPER USE OF SCHOLARSHIP FUNDS. THE FRANKLIN INSTITUTE DOES NOT ISSUE GRANTS TO INDIVIDUALS OR ORGANIZATIONS. X true true X X X true false false false false false false true false Larry Dubinski President & CEO 380911 0 126729 0 11772 0 19521 0 28648 0 567581 0 0 0 K Siobhan Keefe VP of Finance & Treasurer 182956 0 35350 0 1056 0 10985 0 9834 0 240181 0 0 0 Mark Mills VP of External Affairs 178430 0 28000 0 180 0 10751 0 9834 0 227195 0 0 0 Susan Poulton Chief Digital Off. (end 9/18) 179031 0 28963 0 54125 0 10742 0 9514 0 282375 0 0 0 Richard Rabena SVP of Operations 181098 0 42639 0 3037 0 12368 0 22942 0 262084 0 0 0 Darryl Williams SVP of Science & Education 157866 0 10000 0 8807 0 0 0 6708 0 183381 0 0 0 Kathryn Giorgianni AVP -I/T Services (end 8/18) 110117 0 5500 0 36241 0 7018 0 18867 0 177743 0 0 0 Lois Switken Director of Sales and Catering 112834 0 24822 0 1882 0 6942 0 6694 0 153174 0 0 0 Karen Elinich Dir Sci Cont&Learn (end 10/18) 122260 0 5650 0 17478 0 7497 0 7324 0 160209 0 0 0 Chris Rizzo AVP of Business Operations 131259 0 2500 0 270 0 8195 0 20863 0 163087 0 0 0 Inez Lankenau VP of Human Resources 133119 0 0 0 138 0 0 0 20601 0 153858 0 0 0 HEALTH & SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A DURING 2018, THE FRANKLIN INSTITUTE PROVIDED MEMBERSHIP IN THE UNION LEAGUE OF PHILADELPHIA FOR THE PRESIDENT AND CEO. THE MEMBERSHIP IS PRINCIPALLY FOR BUSINESS PURPOSES. SEVERANCE PAYMENTS SCHEDULE J, PART I, LINE 4 THE FRANKLIN INSTITUTE PAID SEVERANCE IN THE AMOUNT OF $53,271 TO THE CHIEF DIGITAL OFFICER, $35,992 TO THE AVP OF INFORMATION TECHNOLOGY, AND $17,090 TO THE DIRECTOR OF SCIENCE CONTENT& LEARNING IN 2018. NON-FIXED PAYMENTS SCHEDULE J, 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 false false false A 4555000 0 14265843 0 0 0 206552 5358 0 0 0 14058055 1990 false true true true A false false false false 0 false false false true A true true true Bank of America 20. false false false 0 false true A true PART II LINE 3 COLUMN A TOTAL PROCEEDS OF ISSUE: ISSUE PRICE PLUS INVESTMENT EARNINGS Lisa Wells Family Member of Tina Wells, Trustee 27197 Employment false X 1 0 Collections item. X 13 486651 Market Value 1 false true true THIRD PARTY ASSISTANCE OF NONCASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B THE FRANKLIN INSTITUTE UTILIZES A BROKER TO IMMEDIATELY SELL ANY GIFTS OF SECURITIES UPON RECEIPT OF THE GIFT. BUSINESS OR FAMILY RELATIONSHIPS 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 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 IRS FORM 990 IS PREPARED AND REVIEWED BY THE ACCOUNTING FIRM OF GRANT THORNTON. A DRAFT IS THEN SENT TO THE INSTITUTE TO REVIEW AND ASK ANY QUESTIONS, AS WELL AS ANSWER ANY COMMENTS OR QUESTIONS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES THEN REVIEWS THE DRAFT OF THE 990 AND APPROVES THE FORM 990 PRIOR TO THE FORM BEING FILED WITH THE IRS. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT 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. PROCESS USED TO DETERMINE EXECUTIVE COMPENSATION FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE PROCESS THE FRANKLIN INSTITUTE USES TO ESTABLISH COMPENSATION 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. THE COMPENSATION COMMITTEE DEVELOPS RECOMMENDATIONS FOR THE PRESIDENT AND CEOS COMPENSATION AND REFERS ITS RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. 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. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC 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, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. Prior Period Adjustment FORM 990, PART XI, LINE 8 For the years ended December 31, 2018, the Institute recorded $514,350, of deferred membership revenues that would have been recorded as membership revenues prior to the adoption of ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Implementation of the revenue from contracts with customers standard for memberships resulted in a balance of $514,350 in membership deferred revenue as of December 31, 2017 as a result of members purchasing memberships at a point in time, while membership goods or services are provided by the Institute over a period of time. Prior to implementation of the new standard, all membership revenue was recognized at the time of membership purchase. OTHER CHANGES IN NET ASSETS AND FUND BALANCES FORM 990, PART XI, LINE 9 NET UNREALIZED GAIN ON INTEREST RATE SWAP $ 298,077 NET ACTUARIAL GAIN ON DEFINED BENEFIT RETIREMENT PLAN $ 59,353 ITEM POSTED FROM EXPENSE TO BALANCE SHEET IN 2019 $ (11,169) ------------ TOTAL $346,261 ============