FRANKLIN INSTITUTE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FRANKLIN INSTITUTE (EIN 23-1370501)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-11
IRS object ID
201633169349304058
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-11T14:31:03-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12001 MARKET STREET SUITE 700AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN231370501EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Franklin InstituteBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% K SIOBHAN KEEFEInCareOfNm
Business Name ControlFRANBusinessNameControlTxt
Phone2154481200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1222 North 20th StreetAddressLine1Txt
CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
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Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLARRY DUBINSKIPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone2154481200PhoneNum
Signature2016-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAlycia MecchellaPreparerPersonNm
PTINP01272637PTIN
Phone2155614200PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLarry DubinskiPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1222 North 20th StreetAddressLine1Txt
CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$108,273,198GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.fi.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1824FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionIN 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.ActivityOrMissionDesc
Voting Members Governing Body43VotingMembersGoverningBodyCnt
Voting Members Independent42VotingMembersIndependentCnt
Total Employee521TotalEmployeeCnt
Total Volunteers1779TotalVolunteersCnt
Total Gross UBI$497,667TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$151,090NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,807,535PYContributionsGrantsAmt
CY Contributions Grants$5,912,180CYContributionsGrantsAmt
PY Program Service Revenue$20,990,122PYProgramServiceRevenueAmt
CY Program Service Revenue$25,674,691CYProgramServiceRevenueAmt
PY Investment Income$1,957,635PYInvestmentIncomeAmt
CY Investment Income$7,116,671CYInvestmentIncomeAmt
PY Other Revenue$946,268PYOtherRevenueAmt
CY Other Revenue$1,085,343CYOtherRevenueAmt
PY Total Revenue$41,701,560PYTotalRevenueAmt
CY Total Revenue$39,788,885CYTotalRevenueAmt
PY Grants And Similar Paid$250,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$250,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$14,783,530PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$16,157,916CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$15,131PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$51,163CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,108,618CYTotalFundraisingExpenseAmt
PY Other Expenses$18,908,629PYOtherExpensesAmt
CY Other Expenses$20,277,055CYOtherExpensesAmt
PY Total Expenses$33,957,290PYTotalExpensesAmt
CY Total Expenses$36,736,134CYTotalExpensesAmt
PY Revenues Less Expenses$7,744,270PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,052,751CYRevenuesLessExpensesAmt
Total Assets BOY$159,972,701TotalAssetsBOYAmt
Total Assets EOY$154,930,241TotalAssetsEOYAmt
Total Liabilities BOY$24,974,365TotalLiabilitiesBOYAmt
Total Liabilities EOY$24,259,440TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$134,998,336NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$130,670,801NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionIN 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$6,456,013ExpenseAmt
Revenue$5,774,061RevenueAmt
DescEDUCATIONAL PROGRAMS, SERVICES & GRANTS Completing its 22nd year in 2015, 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. 2015 was the sixth year for the Institutes STEM Scholars programs, a concentrated program of 15 students each year who show high interest in and aptitude for STEM fields. These students receive STEM education and mentoring throughout their high school years; in 2015 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 fifth year in 2015. Featuring a Carnival at Penns landing that was attended by 175 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 64% graduation rate of the rest of the school district. The Institute looks forward to continuing this unique partnership with the school district to provide formative opportunities for SLAs students, who come from more than 60 different middle schools. 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$17,246,682ExpenseAmt
Revenue$17,957,553RevenueAmt
DescMUSEUM 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 2015, the Institute welcomed 888,084 visitors to the museum, including 156,136 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 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 2015, the Institute hosted Body Worlds: Animal Inside Out, where visitors embarked on an anatomical safari to explore the intricate biology, zoology, and physiology of the worlds most spectacular creatures both large and small; Sesame Street Presents: The Body, where visitors learned all about their body from the inside out featuring Sesame Street characters and interactives that covered everything from how the body works during different modes of transportation to germs. The Institutes blockbuster show Art of the Brick, which showcased artistic creations built from LEGO bricks welcomed 336,000 visitors; and Vatican Splendors: Life and Faith in Ancient Time, displayed priceless works of art on loan from the Vatican Museum in Rome, many of which had never before left Italy, and offered visitors special science programming on art conservation and preservation. Timed to coincide with the historic visit of Pope Francis, Vatican Splendors welcomed diverse audiences from across the city and around the world to the Institute to experience a piece of the Vatican right here in Philadelphia. 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 2015 included Forces of Nature, Titans of the Ice Age, Journey to Space, Born to be Wild, Humpback Whales, and Great White Shark. 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, and The Last Reef amongst its 2015 offerings. 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 2015 calendar year, 1,779 people volunteered their time at the Institute, equivalent to 41 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 2015 equals more than $1.8 million. The Franklin Institute welcomed 75 college interns from schools across the state in 2015, 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 Technology and Science (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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,324,393ExpenseAmt
Grant$250,000GrantAmt
Revenue$1,628,151RevenueAmt
DescFRANKLIN 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 23, 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 2015 Awards Ceremony and Dinner was the conferring of the 2015 Bower Business Award to Jon M. Huntsman, Sr. He received this award for his innovative leadership in founding the Huntsman Corporation and building it into one of the world's preeminent chemical companies; and for his global leadership in philanthropy, with a special focus on cancer research and treatment in support of some of the highest-impact developments towards curing cancer. The 2015 Bower Award for Achievement in Science and its accompanying $250,000 prize was conferred to Jean-Pierre Kruth, Ph.D. For his pioneering research in additive manufacturing (3D printing), which led to many technological innovations and several global companies. His work has inspired further research, enabled the creation of many patents, and built the foundation for others businesses. Eight other scientists, each of whom represents the pinnacle of revolutionary achievement in their respective fields, received awards, including Dr. Steven Lippard (chemistry), Dr. Syukuro Manabe (earth and environmental science), Dr. Roger Harrington (electrical engineering), Dr. Elissa Newport (computer and cognitive science), Dr. Cornelia Bargmann (life science), and Dr. Charles Kane, Dr. Eugene Mele, and Dr. Shoucheng Zhang (all 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 190 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 million people visited the website in 2015. More than 137,000 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)

ExpenseExpenseAmtDescDescRevenueRevenueAmt
$584,952Interest
$5,075,262Depreciation
Theaters UBI$314,924
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$5,660,214TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$314,924TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$30,687,302TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
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Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
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Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
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Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
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Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document153IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee521EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
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Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
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Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members43GoverningBodyVotingMembersCnt
Independent Voting Member42IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
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Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
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Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonK SIOBHAN KEEFEPersonNm
Phone2154481200PhoneNum

US Address USAddress

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CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
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Form990 Part VII Section A Form990PartVIISectionAGrp (76 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Larry Dubinski
President & CEO37.50.0Yes (X)Yes (X)$456,125$0$45,159
Donald E Morel Jr PhD
Chair1.00.0Yes (X)Yes (X)$0$0$0
Sandra K Baldino
Trustee1.00.0Yes (X)$0$0$0
Michael F Barry
Trustee1.00.0Yes (X)$0$0$0
Joel A Bernstein
Trustee1.00.0Yes (X)$0$0$0
Wade H Berrettini MD PhD
Trustee1.00.0Yes (X)$0$0$0
Suzanne Boda
Trustee1.00.0Yes (X)$0$0$0
Renee B Booth PhD
Trustee1.00.0Yes (X)$0$0$0
Donald E Callaghan
Trustee1.00.0Yes (X)$0$0$0
Michael F Camardo
Trustee1.00.0Yes (X)$0$0$0
Troy Carter
Trustee1.00.0Yes (X)$0$0$0
Robert Chappelear
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
Peter K Classen
Trustee1.00.0Yes (X)$0$0$0
Annie Duke
Trustee1.00.0Yes (X)$0$0$0
Stephen J Felice
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
Michael C Forman
Trustee1.00.0Yes (X)$0$0$0
John T Fries
Trustee1.00.0Yes (X)$0$0$0
Christopher Gali
Trustee1.00.0Yes (X)$0$0$0
Toni Garrison
Trustee1.00.0Yes (X)$0$0$0
Elizabeth H Gemmill
Trustee1.00.0Yes (X)$0$0$0
Richard J Green
Trustee1.00.0Yes (X)$0$0$0
Grete Greenacre
Trustee1.00.0Yes (X)$0$0$0
Richard A Greenawalt
Trustee1.00.0Yes (X)$0$0$0
Paul C Heintz Esq
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
Frances E Jensen MD FACP
Trustee1.00.0Yes (X)$0$0$0
Nooruddin Karsan
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
Stephen E Kelly
Trustee1.00.0Yes (X)$0$0$0
Charisse R Lillie Esq
Trustee1.00.0Yes (X)$0$0$0
Ira M Lubert
Trustee1.00.0Yes (X)$0$0$0
Thomas Lynch
Trustee1.00.0Yes (X)$0$0$0
James J Maguire Jr
Trustee1.00.0Yes (X)$0$0$0
Miriam G Mandell
Trustee1.00.0Yes (X)$0$0$0
Sandra G Marshall
Trustee1.00.0Yes (X)$0$0$0
Christopher McIsaac
Trustee1.00.0Yes (X)$0$0$0
Robert S McMenamin
Trustee1.00.0Yes (X)$0$0$0
Denis P O'Brien
Trustee1.00.0Yes (X)$0$0$0
Paul Offit MD
Trustee1.00.0Yes (X)$0$0$0
Jane Palmieri
Trustee1.00.0Yes (X)$0$0$0
Marvin Samson
Trustee1.00.0Yes (X)$0$0$0
Michael A Sanchez
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
William Sigmund
Trustee1.00.0Yes (X)$0$0$0
Joan N Stern Esq
Trustee1.00.0Yes (X)$0$0$0
James G Stewart
Trustee1.00.0Yes (X)$0$0$0
I Steven Udvarhelyi MD
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
Richard W Vague
Trustee1.00.0Yes (X)$0$0$0
Tina Wells
Trustee1.00.0Yes (X)$0$0$0
David R White
Trustee (Term End 2015)1.00.0Yes (X)$0$0$0
Paul H Woodruff PE
Trustee1.00.0Yes (X)$0$0$0
Harold L Yoh III
Trustee1.00.0Yes (X)$0$0$0
Karen Zimmer MD
Trustee1.00.0Yes (X)$0$0$0
The Honorable Darrell L Clarke
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Pam Green
Trustee, Ex Officio (end 2015)1.00.0Yes (X)$0$0$0
William R Hite
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Margaret Hughes
Trustee, Ex Officio (end 2015)1.00.0Yes (X)$0$0$0
The Honorable Michael Nutter
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Mollie Lawrence
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Dennis O'Brien
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Nancy Ronning
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Michelle W Singer
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Gerard F Jones
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
The Honorable Tom Wolf
Trustee, Ex Officio1.00.0Yes (X)$0$0$0
Marsha R Perelman
Trustee, Emeritus1.00.0Yes (X)$0$0$0
William J Avery
Trustee, Emeritus1.00.0Yes (X)$0$0$0
James A Unruh
Trustee, Emeritus1.00.0Yes (X)$0$0$0
K Siobhan Keefe
VP of Finance & Treasurer37.50.0Yes (X)$161,668$0$17,623
Julie Appolloni
VP of Strategic Initiatives37.50.0$156,235$0$9,394Yes (X)
Frederic M N Bertley Phd
SVP for Science37.50.0$223,680$0$31,675Yes (X)
Troy Collins
SVP - Earned Rev., Mrktg & Ops37.50.0$246,097$0$29,135Yes (X)
RICHARD D RABENA
VP Ops & Capital Projects37.50.0$179,420$0$30,150Yes (X)
REID O STYLES
VP Human Resources37.50.0$175,236$0$19,859Yes (X)
Kara Callahan
Director of Marketing37.50.0$119,089$0$13,396Yes (X)
Karen Elinich
Dir. -Science Content & Learn.37.50.0$121,689$0$13,872Yes (X)
Kathryn Giorgianni
AVP -I/T Services37.50.0$141,752$0$27,017Yes (X)
Susan Poulton
Chief Digital Officer37.50.0$132,618$0$5,309Yes (X)
Lois Switken
Director of Sales and Catering37.50.0$122,867$0$12,496Yes (X)
Dennis Wint PHD
Former President & CEO1.00.0$409,842$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,646,318TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$255,085TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K19IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Harmelin Media
525 Righters Ferry RoadBALA CYNWYDPA19004Media Consultation$1,720,867
Art Guild Inc
300 Wolf DriveWEST DEPTFORDNJ08086Creative Design/Fab.$1,285,144
Skanska USA
518 East Township Line Road SuiteBLUE BELLPA19422Bldg Construction$776,037
ABM Janitorial
Lockbox 787401PHILADELPHIAPA19178Janitorial$734,030
Frog Commissary Catering
222 North 20th StreetPHILADELPHIAPA19103Catering/Food Serv.$594,282
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K24CntrctRcvdGreaterThan100KCnt
Membership Dues$132,833MembershipDuesAmt
Fundraising$573,943FundraisingAmt
Government Grants$65,000GovernmentGrantsAmt
All Other Contributions$5,140,404AllOtherContributionsAmt
Noncash Contributions$601,999NoncashContributionsAmt
Total Contributions$5,912,180TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
MUSEUM ADMISSIONS900099$11,050,321$11,050,321
ANCILLARY ACTIVITIES900099$4,370,200$3,878,655$491,545
GRANTS900099$3,598,628$3,598,628
MEMBERSHIPS900099$2,851,958$2,851,958
EDUCATIONAL PROGRAMS & SERVICES611710$2,175,433$2,169,311$6,122

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,628,151TotalRevenueColumnAmt
Related Or Exempt Func Income$1,628,151RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$25,674,691TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$628,215TotalRevenueColumnAmt
Exclusion$628,215ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$428,757TotalRevenueColumnAmt
Exclusion$428,757ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$74,703,635SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$68,215,179SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,488,456SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,488,456TotalRevenueColumnAmt
Exclusion$6,488,456ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$177,368FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$573,943ContriRptFundraisingEventAmt
Fundraising Direct Expenses$269,134FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$91,766TotalRevenueColumnAmt
Exclusion-$91,766ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$748,352GrossSalesOfInventoryAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$748,352TotalRevenueColumnAmt
Related Or Exempt Func Income$748,352RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,788,885TotalRevenueColumnAmt
Related Or Exempt Func Income$25,925,376RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$497,667UnrelatedBusinessRevenueAmt
Exclusion$7,453,662ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$250,000TotalAmt
Program Services$250,000ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,191,295TotalAmt
Program Services$1,214,797ProgramServicesAmt
Management And General$660,484ManagementAndGeneralAmt
Fundraising$316,014FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$10,297,498TotalAmt
Program Services$8,503,298ProgramServicesAmt
Management And General$767,179ManagementAndGeneralAmt
Fundraising$1,027,021FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$697,282TotalAmt
Program Services$542,866ProgramServicesAmt
Management And General$79,616ManagementAndGeneralAmt
Fundraising$74,800FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,051,123TotalAmt
Program Services$1,031,203ProgramServicesAmt
Management And General$914,932ManagementAndGeneralAmt
Fundraising$104,988FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$920,718TotalAmt
Program Services$716,821ProgramServicesAmt
Management And General$105,128ManagementAndGeneralAmt
Fundraising$98,769FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$766,210TotalAmt
Management And General$766,210ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$64,950TotalAmt
Management And General$64,950ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$51,163TotalAmt
Fundraising$51,163FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,296,776TotalAmt
Program Services$1,133,504ProgramServicesAmt
Management And General$162,970ManagementAndGeneralAmt
Fundraising$302FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,630,396TotalAmt
Program Services$1,624,972ProgramServicesAmt
Management And General$5,424ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$936,267TotalAmt
Program Services$696,651ProgramServicesAmt
Management And General$70,516ManagementAndGeneralAmt
Fundraising$169,100FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$223,883TotalAmt
Program Services$222,797ProgramServicesAmt
Management And General$101ManagementAndGeneralAmt
Fundraising$985FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$551,733TotalAmt
Program Services$551,625ProgramServicesAmt
Fundraising$108FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,655,451TotalAmt
Program Services$2,651,283ProgramServicesAmt
Management And General$1,051ManagementAndGeneralAmt
Fundraising$3,117FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$620,634TotalAmt
Program Services$555,565ProgramServicesAmt
Management And General$27,993ManagementAndGeneralAmt
Fundraising$37,076FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$56,491TotalAmt
Program Services$43,504ProgramServicesAmt
Management And General$5,060ManagementAndGeneralAmt
Fundraising$7,927FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$585,038TotalAmt
Program Services$585,038ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,075,262TotalAmt
Program Services$5,075,262ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$394,682TotalAmt
Program Services$336,894ProgramServicesAmt
Management And General$57,788ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM AND EXHIBIT SUPPLIES,$3,039,129$3,038,244$885
GRANT SUBCONTRACT EXPENSES$845,630$845,630
EVENT EXPENSES$416,955$410,027$6,928
CULTIVATION & FULFILLMENT$319,522$172,726$2,701$144,095

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$798,046TotalAmt
Program Services$484,595ProgramServicesAmt
Management And General$240,298ManagementAndGeneralAmt
Fundraising$73,153FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$36,736,134TotalAmt
Program Services$30,687,302ProgramServicesAmt
Management And General$3,940,214ManagementAndGeneralAmt
Fundraising$2,108,618FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,631,089BOYAmt
EOY$5,570,037EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,977,127BOYAmt
EOY$3,900,193EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,491,298BOYAmt
EOY$4,203,009EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$15,571BOYAmt
EOY$14,667EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,425,700BOYAmt
EOY$913,904EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$168,976,438LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$81,214,208LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$88,865,561BOYAmt
EOY$87,762,230EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$38,156,270BOYAmt
EOY$36,991,412EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$15,841,574BOYAmt
EOY$15,160,230EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$451,579BOYAmt
EOY$307,869EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$116,932BOYAmt
EOY$106,690EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$159,972,701BOYAmt
EOY$154,930,241EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,435,191BOYAmt
EOY$7,702,526EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$784,174BOYAmt
EOY$3,278,914EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,755,000BOYAmt
EOY$13,278,000EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,974,365BOYAmt
EOY$24,259,440EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$84,401,990BOYAmt
EOY$84,374,811EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$32,327,547BOYAmt
EOY$28,731,642EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$18,268,799BOYAmt
EOY$17,564,348EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$134,998,336BOYAmt
EOY$130,670,801EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$159,972,701BOYAmt
EOY$154,930,241EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,052,751ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$7,853,115NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts-$17,000DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets$489,829OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,452,312CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,813,204CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,267,620CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,807,535CurrentTaxYearMinus1YearAmt
Current Tax Year$5,912,180CurrentTaxYearAmt
Total$61,252,851TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,452,312CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,813,204CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,267,620CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,807,535CurrentTaxYearMinus1YearAmt
Current Tax Year$5,912,180CurrentTaxYearAmt
Total$61,252,851TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$13,997,792SubstantialContributorsTotAmt
Public Support Total170$47,255,059PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,335,424CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,209,233CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,121,728CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,077,399CurrentTaxYearMinus1YearAmt
Current Tax Year$1,056,972CurrentTaxYearAmt
Total$5,800,756TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$67,053,607TotalSupportAmt
Gross Receipts Rltd Activities$104,867,742GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70474PublicSupportCY170Pct
Public Support PY1700.71440PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$36,736,134FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$36,736,134FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,000,000FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$250,000FilingOrganizationsTotalAmt
FieldValueIRS element (for citing)
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,000,000CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$1,000,000CurrentYearAmt
Total$4,000,000TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$6,000,000LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$250,000CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$250,000CurrentYearAmt
Total$1,000,000TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,500,000GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$38,156,270BeginningYearBalanceAmt
Contributions$145,456ContributionsAmt
Investment Earnings Or Losses$269,566InvestmentEarningsOrLossesAmt
Other Expenditures$1,579,880OtherExpendituresAmt
End Year Balance$36,991,412EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$38,104,799BeginningYearBalanceAmt
Investment Earnings Or Losses$1,565,619InvestmentEarningsOrLossesAmt
Other Expenditures$1,514,148OtherExpendituresAmt
End Year Balance$38,156,270EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$33,798,367BeginningYearBalanceAmt
Contributions$1,164,210ContributionsAmt
Investment Earnings Or Losses$4,610,933InvestmentEarningsOrLossesAmt
Other Expenditures$1,468,711OtherExpendituresAmt
End Year Balance$38,104,799EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$31,319,598BeginningYearBalanceAmt
Contributions$164,210ContributionsAmt
Investment Earnings Or Losses$3,716,123InvestmentEarningsOrLossesAmt
Other Expenditures$1,401,564OtherExpendituresAmt
End Year Balance$33,798,367EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$34,065,273BeginningYearBalanceAmt
Investment Earnings Or Losses-$1,290,611InvestmentEarningsOrLossesAmt
Other Expenditures$1,455,064OtherExpendituresAmt
End Year Balance$31,319,598EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.27000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.07000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.66000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,000,000OtherCostOrOtherBasisAmt
Book Value$12,000,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$88,698,347OtherCostOrOtherBasisAmt
Depreciation$31,599,431DepreciationAmt
Book Value$57,098,916BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,569,649OtherCostOrOtherBasisAmt
Depreciation$5,344,053DepreciationAmt
Book Value$2,225,596BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$60,708,442OtherCostOrOtherBasisAmt
Depreciation$44,270,724DepreciationAmt
Book Value$16,437,718BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$87,762,230TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
BEN. INT. IN PERP TRUSTS$15,124,877F
BEN. INT. IN CHAR. GIFT ANNUIT$35,353F
FieldValueIRS element (for citing)
Total Book Value Securities$15,160,230TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt
Total Liability$0TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$32,777,975TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$7,853,115NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$62,000DonatedServicesAndUseFcltsAmt
Other Revenue$780,205OtherRevenueAmt
Revenue Not Reported-$7,010,910RevenueNotReportedAmt
Revenue Subtotal$39,788,885RevenueSubtotalAmt
Total Revenue Per Form990$39,788,885TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$37,105,510TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$79,000DonatedServicesUseFcltsAmt
Other Expenses Included$290,376OtherExpensesIncludedAmt
Expenses Not Reported$369,376ExpensesNotReportedAmt
Expenses Subtotal$36,736,134ExpensesSubtotalAmt
Total Expenses Per Form990$36,736,134TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Collections of Art, historical treasures or similar other assetsSchedule 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 FundsSchedule 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) FootnoteSchedule 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 (2012 - 2014) or those expected to be taken in the Institute's 2015 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 AFSSchedule D, Part XI, Line 2d Fundraising Event Direct Expenses $269,134 Net Unrealized Gain on Interest Rate Swap 207,037 Net Actuarial Gain on Defined Benefit Retirement Plan 304,034 ---------- Total $780,205 ==========
Reconciliation of Expense with AFSSchedule D, Part XII, Line 2d Fundraising Event Direct Expenses $269,134 Items Capitalized in Subsequent Year 21,242 -------- Total $290,376 ========

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Middle East and North Africa07Program ServicesEgypt STEM School$422,126
South America04Program ServicesSTEM exchang Program$16,834
Europe (Including Iceland and Greenland)0Grantmaking$250,000
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees11SubtotalEmployeesCnt
Total Office0TotalOfficeCnt
Total Employee11TotalEmployeeCnt
Subtotal Spent$688,960SubtotalSpentAmt
Total Spent$688,960TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceBOWER AWARD CASH PRIZE TO LAUREATETypeOfAssistanceTxt
RegionEurope (Including Iceland and Greenland)RegionTxt
Recipient1RecipientCnt
Cash Grant$250,000CashGrantAmt
Manner Of Cash DisbursementCheckMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Procedures for monitoring the use of grant funds outside the U.S.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 5,000The 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.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonMae Daniller CoPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13724 Jefferson Suite 302AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78731ZIPCd
FieldValueIRS element (for citing)
ActivityMailingsActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Gross Receipts$91,190GrossReceiptsAmt
Retained By Contractor$95,328RetainedByContractorAmt
Net To Organization-$4,138NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$91,190TotalGrossReceiptsAmt
Total Retained By Contractors$95,328TotalRetainedByContractorsAmt
Total Net To Organization-$4,138TotalNetToOrganizationAmt
Licensed StatesAZLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesWALicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Franklin AwardsEvent1Nm
Gross Receipts Event1$751,311GrossReceiptsEvent1Amt
Charitable Contri Event1$573,943CharitableContriEvent1Amt
Gross Revenue Event1$177,368GrossRevenueEvent1Amt
Food And Beverage Event1$142,099FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$127,035OtherDirectExpensesEvent1Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$751,311GrossReceiptsTotalAmt
Charitable Contributions Tot$573,943CharitableContributionsTotAmt
Gross Revenue Total Events$177,368GrossRevenueTotalEventsAmt
Food And Beverage Total Events$142,099FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$127,035OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$269,134DirectExpenseSummaryEventsAmt
Net Income Summary-$91,766NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Larry Dubinski
President & CEO$342,875$0$102,974$0$10,276$0$17,327$0$27,832$0$501,284$0$0$0
K Siobhan Keefe
VP of Finance & Treasurer$150,957$0$10,000$0$711$0$9,119$0$8,504$0$179,291$0$0$0
Julie Appolloni
VP of Strategic Initiatives$143,554$0$12,500$0$181$0$8,557$0$837$0$165,629$0$0$0
Frederic M N Bertley Phd
SVP for Science$183,104$0$39,794$0$782$0$10,777$0$20,898$0$255,355$0$0$0
Troy Collins
SVP - Earned Rev., Mrktg & Ops$207,281$0$38,011$0$805$0$12,437$0$16,698$0$275,232$0$0$0
RICHARD D RABENA
VP Ops & Capital Projects$158,966$0$18,933$0$1,521$0$10,295$0$19,855$0$209,570$0$0$0
REID O STYLES
VP Human Resources$154,046$0$17,898$0$3,292$0$9,736$0$10,123$0$195,095$0$0$0
Kathryn Giorgianni
AVP -I/T Services$140,027$0$0$0$1,725$0$9,103$0$17,914$0$168,769$0$0$0
Dennis Wint PHD
Former President & CEO$0$0$35,000$0$374,842$0$0$0$0$0$409,842$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Health & Social Club DuesSchedule J, Part I, Line 1a During 2015, The Franklin Institute provided membership in the Union League of Philadelphia for the President and CEO. The membership is principally for business purposes.
Sevarance PaymentsSchedule J, Part I, Line 4 The Franklin Institute paid severance in the amount of $374,842 to former President and CEO Dennis Wint in 2015.
Non-Fixed PaymentsSchedule 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.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Philadelphia Authority for Industrial Development
A232237287717818QG82006-03-22$14,095,000Refinanced debt, funding for priorfalsefalsefalse
Philadelphia Authority for Industrial Development
B2322372872013-09-30$11,000,000Funding for capital projectsfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$1,715,000$0$14,265,843$0$0$0$206,552$5,358$0$0$14,058,055$01990falseYes (true)Yes (true)Yes (true)
B$10,102,000$0$11,000,000$0$0$0$0$0$0$4,491,358$0$02014falsefalseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalse0falsefalsefalseYes (true)
Bfalsefalsefalsefalse0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndRebate Not Due YetRebateNotDueYetInd
Bank of America
AYes (true)Yes (true)Yes (true)20.falsefalsefalse0falseYes (true)
0
BfalseYes (true)falsefalse0falseYes (true)Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II LINE 3 COLUMN AFormAndLineReferenceDesc
ExplanationTOTAL PROCEEDS OF ISSUE: ISSUE PRICE PLUS INVESTMENT EARNINGSExplanationTxt

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution11ContributionCnt
Noncash Contributions Rpt F990$601,999NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket ValueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceThird Party Assistance of Noncash ContributionsFormAndLineReferenceDesc
ExplanationSchedule M, Part I, Line 32b With one exception in 2015, the Franklin Institute utilizes a broker to immediately sell any gifts of securities upon receipt of the gift. The one exception in 2015 was made for various stocks received on February 19, 2015 for a perpetual trust, in which corpus receipts by the perpetual trust is required to be held in perpetuity based on the perpetual trust agreement.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
BUSINESS OR FAMILY RELATIONSHIPSFORM 990, PART VI, SECTION A, LINE 2 Renee B. Booth, PhD has a business relationship with The Franklin Institute. Michael F. Camardo has a business relationship with Harold L. Yoh III. Michael C. Forman has a business relationship with Richard W. Vague, Richard J. Green and Ira M. Lubert. John T. Fries has a business relationship with Ira M. Lubert. Charisse R. Lillie, Esq. has a business relationship with Michelle W. Singer.
FORM 990 REVIEW PROCESSFORM 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 ENFORCEMENTFORM 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 COMPENSATIONFORM 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 The Hay Group using published compensation surveys for both Not-For-Profit and For-Profit organizations comparable in size to The Franklin Institute. The Compensation Committee develops recommendation for the President and CEO's 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 PUBLICForm 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 & Fund BalancesForm 990, Part XI, Line 5 Net Unrealized Gain on Interest Rate Swap $207,037 Net Actuarial Gain on Defined Benefit Retirement Plan 304,034 Items Capitalized in Subsequent Year (21,242) ---------- Total $489,829 ==========

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