2017-11-09T12:51:40-06:00 2016-12-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2016-01-01 231370501 The Franklin Institute % K SIOBHAN KEEFE FRAN 2154481200 222 North 20th Street Philadelphia PA 19103 LARRY DUBINSKI PRESIDENT & CEO 2154481200 2017-11-08 true Alycia Mecchella P01272637 2155614200 38.69.39.117 23695320173135000000 2017-11-09 P 19739530E8FB4F7C1C006380FC5E44D6664E1EFF 95F700AB41AF8210FE65E78AA0BE95D9785B9642 2016 2021-01-29 14:40:06Z Larry Dubinski 222 North 20th Street Philadelphia PA 19103 41344301 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 46 522 1863 686497 163645 5912180 9846290 25674691 27308945 7116671 893143 1085343 874545 39788885 38922923 250000 250000 0 0 16157916 16952807 51163 76114 1832418 20277055 20045117 36736134 37324038 3052751 1598885 154930241 157007332 24259440 22461400 130670801 134545932 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 6377721 6589415 EDUCATIONAL PROGRAMS, SERVICES & GRANTS COMPLETING ITS 23RD YEAR IN 2016, THE PARTNERS FOR ACHIEVING CAREERS IN TECHNOLOGY AND SCIENCE (PACTS) PROGRAM IS ONE OF THE REGIONS OLDEST AND MOST COMPREHENSIVE SCIENCE IMMERSION PROGRAMS FOR DIVERSE URBAN HIGH SCHOOL STUDENTS. PACTS SERVES 150 STUDENTS FROM MORE THAN 40 PHILADELPHIA PUBLIC SCHOOLS. 2016 WAS THE SEVENTH YEAR FOR THE INSTITUTES STEM SCHOLARS PROGRAMS, A CONCENTRATED PROGRAM OF 15 STUDENTS FROM EACH GRADE 9-12 WHO SHOW HIGH INTEREST IN AND APTITUDE FOR STEM FIELDS. THESE STUDENTS RECEIVE STEM EDUCATION AND MENTORING THROUGHOUT THEIR HIGH SCHOOL YEARS; IN 2016 THE PROGRAM CONTINUED TO RUN AT CAPACITY, SERVING 60 STUDENTS TOTAL. 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 ATTRACTING MORE THAN 1,000 PARTICIPANTS. THESE TWO PROGRAMS DELIVER UNIQUE STEM PROGRAMMING TO A DIVERSE AUDIENCE. AS THE ORGANIZER OF THE PHILADELPHIA SCIENCE FESTIVAL, THE FRANKLIN INSTITUTE HELPED MORE THAN 200 PARTNERS TO REACH MORE THAN 75,000 PEOPLE IN NEIGHBORHOODS ACROSS THE CITY WITH HANDS-ON WORKSHOPS AND DEMONSTRATIONS IN ITS SIXTH YEAR IN 2016. FEATURING A CARNIVAL AT PENNS LANDING THAT WAS ATTENDED BY 100 EXHIBITORS AND MORE THAN 50,000 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 INSTITUTE ALSO WORKS CLOSELY WITH THE SCIENCE LEADERSHIP ACADEMY (SLA), A MAGNET HIGH SCHOOL THAT STANDS AS A FURTHER TESTAMENT TO THE INSTITUTES COMMITMENT TO FORMAL EDUCATION. AN INQUIRY-BASED, SCIENCE AND TECHNOLOGY-FOCUSED SCHOOL FOUNDED IN 2006 THROUGH A UNIQUE COLLABORATIVE BETWEEN THE FRANKLIN INSTITUTE AND THE SCHOOL DISTRICT OF PHILADELPHIA, SLA QUICKLY EARNED A NATIONAL REPUTATION FOR EXCELLENCE. ITS STUDENTS ARE CONSISTENTLY AMONG THE TOP PERFORMERS ON STATE STANDARDIZED TESTS, EXCEEDING THE CITY AND STATE AVERAGES IN EVERY SUBJECT. IT HAS A 98% GRADUATION RATE AS COMPARED TO THE 65% GRADUATION RATE OF THE REST OF THE SCHOOL DISTRICT. THE FRANKLIN INSTITUTE ALSO DEVELOPS MODEL PROGRAMS IN SCIENCE LEARNING FOR THE K12 EDUCATION COMMUNITY THAT ARE DELIVERED BOTH INSIDE AND OUTSIDE THE MUSEUM WALLS, INCLUDING IN 52 BRANCHES OF THE FREE LIBRARY OF PHILADELPHIA. 17470973 18480361 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 EDUCATIONAL AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2016, THE INSTITUTE WELCOMED 872,491 VISITORS TO THE MUSEUM, INCLUDING 182,941 CHILDREN WHO CAME AS PART OF SCHOOL GROUPS, REPRESENTING EVERY COUNTY IN PENNSYLVANIA AND SURROUNDING STATES INCLUDING NEW JERSEY, DELAWARE, AND NEW YORK. THE FRANKLIN INSTITUTES 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 UNDERSERVED YOUTH AND FAMILIES SUCH AS COMMUNITY NIGHT, AND THE STUDENT ACCESS PROGRAM THAT WELCOMES STUDENTS FROM UNDER-RESOURCED SCHOOLS, FREE OF CHARGE. IN 2016, THE INSTITUTE HOSTED VATICAN SPLENDERS: LIFE AND FAITH IN ANCIENT TIMES, WHICH OFFERED MORE THAN 200 TREASURES SPANNING THE CATHOLIC CHURCH'S INFLUENCE ACROSS ART, HISTORY, AND CULTURE; LOST EGYPT: ANCIENT SECRETS, MODERN SCIENCE TRANSPORTED VISITORS BACK TO THE LAND OF THE PHARAOHS, AND EXPLORED HEROGLYPHICS, MUMMIES, AND EVEN A CAMEL; THE SCIENCE BEHIND PIXAR, WHICH DELVED BEHIND THE SCENES OF HIGH-TECH MOVIE MAGIC WITH MORE THAN 40 INTERACTIVE ELEMENTS THAT SHOWCASED THE MANY MOVING PARTS OF THE PRODUCTION PIPELINE USED AT PIXAR EACH DAY; ROBOT REVOLUTION SHOWCASED HOW ROBOTS ARE NOW A NECESSITY IN OUR DAILY LIVES, NOT JUST A FLEETING CURIOUSITY, AND OFFERED REAL-LIFE EXAMPLES OF HOW THEY WILL EVOLVE IN THE FUTURE; AND FINALLY, 2016 ENDED WITH A ROAR- OF DINOSAURS. DURING OPENING WEEKEND ALONE OF JURASSIC WORLD: THE EXHIBITION, MORE THAN 10,000 GUESTS JOURNEYED TO THE MYTHICAL ISLAND OF DINOSAURS FOR THE EXHIBIT'S NORTH AMERICAN PREMIERE. 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 IMAX DOCUMENTARY PROGRAMMING IN 2016 INCLUDED FORCES OF NATURE, JOURNEY TO SPACE, JERUSALEM, HUMPBACK WHALES, NATIONAL PARKS ADVENTURE, AND VOYAGE OF TIME. ADDITIONALLY, THE INSTITUTES FRANKLIN THEATER PROVIDED MUSEUM GUESTS WITH ENGAGING AND EDUCATIONAL 3D FILMS THROUGHOUT THE DAY, INCLUDING MYSTERIES OF THE UNSEEN WORLD, KENYA, WATERMELON MAGIC, WALKING WITH DINOSAURS: PREHISTORIC PLANET, THE LAST REEF, SPACE NEXT, GALAPAGOS, AND GLOBAL SOUNDSCAPES AMONGST ITS 2016 OFFERINGS. WHILE THE INSTITUTES 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 WILDEST WEATHER IN THE SOLAR SYSTEM, THE SKY TONIGHT, AND DARK UNIVERSE. DURING THE 2016 CALENDAR YEAR, 1,863 PEOPLE VOLUNTEERED THEIR TIME AT THE INSTITUTE, EQUIVALENT TO 43 FULL TIME POSITIONS. 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 INSTITUTES VOLUNTEERS PROVIDE VALUABLE ASSISTANCE - LITERALLY. THE TOTAL VALUE OF VOLUNTEER AND INTERN TIME DONATED TO THE INSTITUTE IN 2016 EQUALS NEARLY $2 MILLION. THE FRANKLIN INSTITUTE WELCOMED 77 COLLEGE INTERNS FROM SCHOOLS ACROSS THE STATE IN 2016, WHO CONTRIBUTED OVER 10,000 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 TOUGH 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 TO 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. 1169050 250000 1735868 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 21, 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 2016 AWARDS CEREMONY AND DINNER WAS THE CONFERRING OF THE 2016 BOWER BUSINESS AWARD TO DR. PATRICK SOON-SHIONG FOR HIS VISIONARY LEADERSHIP IN DIGITAL MEDICAL TECHNOLOGY AND FOR HIS COMMITMENT TO IMPROVING HEALTH CARE QUALITY AND ACCESS THROUGH THE INITIATIVES OF THE CHAN SOON-SHIONG FAMILY FOUNDATION. THE 2016 BOWER AWARD FOR ACHIEVEMENT IN SCIENCE AND ITS ACCOMPANYING $250,000 PRIZE WAS CONFERRED TO WILLIAM J. BORUCKI FOR HIS VISION AND PERSEVERANCE IN DEVELOPING TECHNIQUES FOR MEASURING THE BRIGHTNESS OF STARS TO UNPRECEDENTED ACCURACY, AND FOR PROVIDING THE SCIENTIFIC LEADERSHIP FOR NASA'S KEPLER SPACE MISSION, WHICH DISCOVERED THOUSANDS OF PLANETARY SYSTEMS AND DEMONSTRATED THAT EARTH-SIZED EXOPLANETS ARE AS COMMON AS STARS. EIGHT OTHER SCIENTISTS, EACH OF WHOM REPRESENTS THE PINNACLE OF REVOLUTIONARY ACHIEVEMENT IN THEIR RESPECTIVE FIELDS, RECEIVED AWARDS, INCLUDING DR. NADRIAN C. SEEMAN (CHEMISTRY), DR. BRIAN F. ATWATER (EARTH AND ENVIRONMENTAL SCIENCE), DR. SOLOMON W. GOLOMB (ELECTRICAL ENGINEERING), DR. YALE N. PATT (COMPUTER AND COGNITIVE SCIENCE), DR. ROBERT S. LANGER (LIFE SCIENCE), AND DR. SHU CHIEN (MECHANICAL ENGINEERING). 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 191 YEARS OF THE JOURNAL ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS. A KEY PART OF THE VISITOR EXPERIENCE AT THE FRANKLIN INSTITUTE IS SCIENCE PROGRAMMING. DURING THE YEAR THE INSTITUTE OFFERED FIVE DIFFERENT EXPERIENTIAL PACKAGES FOR GRADES 312. THE PACKAGES COMBINED AN EXHIBIT WITH RELATED THEATER AND WORKSHOP PROGRAMS, AND WERE DESIGNED TO SUPPORT NATIONAL SCIENCE EDUCATION STANDARDS. THE INSTITUTES WEBSITE CONTINUES TO SERVE AS A POPULAR SOURCE OF COMPLEMENTARY INFORMATION FOR EDUCATORS AND THE GENERAL PUBLIC ALIKE; NEARLY 3.3 MILLION PEOPLE VISITED THE WEBSITE IN 2016. APPROXIMATELY 150,000 STUDENTS AND ADULTS FROM CONNECTICUT TO NORTHERN VIRGINIA WERE INSPIRED BY TRAVELING SCIENCE SHOWS PRESENTED IN HUNDREDS OF LOCATIONS. THE INSTITUTE HAS LONG BEEN A LEADER IN PROVIDING PROFESSIONAL DEVELOPMENT OFFERINGS FOR TEACHERS THROUGHOUT THE REGION. WHILE TEACHERS MAY ONLY HAVE ONE OPPORTUNITY TO BRING THEIR STUDENTS TO THE MUSEUM EACH YEAR, THE FRANKLIN INSTITUTES WEALTH OF EDUCATOR RESOURCES AND WORKSHOPS ENABLES TEACHERS TO BRING THE SPARK FOR HANDS-ON SCIENCE INTERACTION INTO THEIR DAILY LESSONS. THE INSTITUTES PROFESSIONAL DEVELOPMENT PROGRAMS BUILD TEACHERS CONFIDENCE, AND HELP THEM TO ALIGN CLASSROOM EDUCATION WITH NATIONALLY MANDATED STANDARDS AND WITH INQUIRY-BASED LEARNING ACTIVITIES. EXTRACURRICULAR ACTIVITIES FOR YOUTH FILLED WEEKENDS AND VACATIONS. DISCOVERY CAMP, SPRING BREAK CAMP, AND THE SCHOOLS CLOSED CAMP WELCOMED THOUSANDS OF YOUNGSTERS, AND THE WEEKEND OVERNIGHT CAMP-IN PROGRAM DREW NEARLY 7,000 YOUNG PEOPLE. 553852 INTEREST 5609242 DEPRECIATION 503301 THEATERS UBI 6163094 503301 31180838 true true false true false false false true false true true true false false false true true false false true true false false true true false false false true true true false false false false false false false false false false true false false false false false false false false true 169 0 true 522 true true true false false false false true true false 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 K SIOBHAN KEEFE 2154481200 222 NORTH 20TH STREET Philadelphia PA 19103 Larry Dubinski President & CEO 37.5 0.0 X X 473989 0 46610 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 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 1.0 0.0 X 0 0 0 Donald E Callaghan Trustee 1.0 0.0 X 0 0 0 Michael F Camardo Trustee 1.0 0.0 X 0 0 0 Troy Carter 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 Christopher Gali 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 James J Maguire Jr 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 1.0 0.0 X 0 0 0 Paul Offit MD Trustee 1.0 0.0 X 0 0 0 Jane Palmieri Trustee 1.0 0.0 X 0 0 0 Marvin Samson Trustee 1.0 0.0 X 0 0 0 William Sigmund 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 James G 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 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 LClarke 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 Molly Lawrence Trustee, Ex Officio 1.0 0.0 X 0 0 0 Nancy Ronning 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 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 202018 0 18530 Mark Mills VP of Ext Affairs & Secretary 37.5 0.0 X 167377 0 14286 Frederic Bertley SVP for Sci (Term End 12/2016) 37.5 0.0 X 213642 0 29441 Richard D Rabena VP Ops & Capital Projects 37.5 0.0 X 195759 0 30756 Julie Appolloni VP of Strategic Initiatives 37.5 0.0 X 188259 0 10583 Reid Styles VP Human Resources 37.5 0.0 X 186661 0 20505 Troy Collins SVP - 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INT. IN PERP TRUSTS 15227486 F BEN. INT. IN CHAR. GIFT ANNUIT 34769 F 15262255 0 0 X 41724748 1871482 66620 863723 2801825 38922923 38922923 37849617 91620 433959 525579 37324038 37324038 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 SENIOR CURATOR. 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 (2013 - 2015) OR THOSE EXPECTED TO BE TAKEN IN THE INSTITUTE'S 2016 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 429,157 NET UNREALIZED GAIN ON INTEREST RATE SWAP 357,702 NET ACTUARIAL GAIN ON DEFINED BENEFIT RETIREMENT PLAN 77,364 RECLASS OF SALE OF IPAD (500) ---------- TOTAL 863,723 ========== RECONCILIATION OF EXPENSES WITH AFS SCHEDULE D, PART XII, LINE 2D FUNDRAISING EVENT DIRECT EXPENSES 429,157 ITEMS CAPITALIZED IN SUBSEQUENT YEAR 5,302 RECLASS OF SALE OF IPAD (500) ---------- TOTAL 433,959 ========== false Middle East and North Africa 3 Program Services Egypt STEM School 309819 3 3 309819 309819 false false false false false false X X X X X X X true Mae Daniller Co 3724 JEFFERSON SUITE 302 Austin TX 78731 Mailings false 397110 229623 167487 Pentera 8650 Commerce Prk Plc Suite G Indianapolis IN 46268 Consulting false 29327 -29327 SDA Teleservices Inc 5757 W Century Blvd Los Angeles CA 90045 Phone Soli false 17340 14519 2821 414450 273469 140981 AZ CA CT FL MD MA NJ NY PA WA Franklin Awards 773370 565429 207941 143139 128222 Pixar Gala 114950 41110 73840 88680 69116 0 888320 606539 281781 231819 197338 429157 -147376 true BOWER AWARD CASH PRIZE TO LAUREATE 1 250000 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. SCHEDULE I, 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 FUNDS IS NOT REQUIRED OR APPROPRIATE. GRANTS UNDER 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 340361 0 122896 0 10732 0 18733 0 27877 0 520599 0 0 0 K Siobhan Keefe VP of Finance & Treasurer 167962 0 33000 0 1056 0 9949 0 8581 0 220548 0 0 0 Frederic Bertley SVP for Sci (Term End 12/2016) 181616 0 31260 0 766 0 10925 0 18516 0 243083 0 0 0 Richard D Rabena VP Ops & Capital Projects 157679 0 35988 0 2092 0 10784 0 19972 0 226515 0 0 0 Julie Appolloni VP of Strategic Initiatives 161079 0 27000 0 180 0 9727 0 856 0 198842 0 0 0 Reid Styles VP Human Resources 152925 0 30566 0 3170 0 10186 0 10319 0 207166 0 0 0 Troy Collins SVP - Earned Rev., Mrktg & Ops 30136 0 35181 0 92993 0 1604 0 8820 0 168734 0 0 0 Mark Mills VP of Ext Affairs & Secretary 153135 0 14062 0 180 0 5705 0 8581 0 181663 0 0 0 Susan Poulton Chief Digital Officer 199725 0 14625 0 180 0 7416 0 8241 0 230187 0 0 0 Kathryn Giorgianni AVP - I/T Services 139577 0 2500 0 270 0 8963 0 18781 0 170091 0 0 0 HEALTH & SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A DURING 2016, THE FRANKLIN INSTITUTE PROVIDED MEMBERSHIP IN THE UNION LEAGUE OF PHILADELPHIA FOR THE PRESIDENT AND CEO. THE MEMBERSHIP IS PRINCIPALLY FOR BUSINESS PURPOSES. SEVARANCE PAYMENTS SCHEDULE J, PART I, LINE 4 THE FRANKLIN INSTITUTE PAID SEVERANCE IN THE AMOUNT OF $92,724.96 AND A BONUS IN THE AMOUNT OF $35,181.34 TO SVP OF EARNED REVENUE, MARKETING & OPERATIONS TROY COLLINS IN 2016 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 2625000 0 14265843 0 0 0 206552 5358 0 0 14058055 0 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 X 14 594980 FMV 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. JOHN FRIES HAS A BUSINESS RELATIONSHIP WITH IRA LUBERT. RENEE BOOTH HAS A BUSINESS RELATIONSHIP WITH THE FRANKLIN INSTITUTE. 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 vice president of finance 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, LINE 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. OTHER CHANGES IN NET ASSETS AND FUND BALANCES FORM 990, PART XI, LINE 9 NET UNREALIZED GAIN ON INTEREST RATE SWAP $357,702 NET ACTUARIAL GAIN ON DEFINED BENEFIT RETIREMENT PLAN 77,364 ITEM CAPITALIZED IN SUBSEQUENT YEAR (5,302) ---------- TOTAL $429,764 ==========