FRANKLIN SWITZERLAND INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- FRANKLIN SWITZERLAND INC (EIN 23-7075717)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-11
- IRS object ID
- 201541319349301354
- Schema version
- 2013v4.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-11T09:43:55-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 132871428 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUNARO & CO PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 FIFTH AVENUE 41ST FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10118 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237075717 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANKLIN UNIVERSITY SWITZERLAND INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRAN | BusinessNameControlTxt |
| Phone | 2129229650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 LEXINGTON AVENUE NO 2746 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10170 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PASCAL TONE | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 2129229650 | PhoneNum |
| Signature | 2015-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSEPH M CATALANO | PreparerPersonNm |
| PTIN | P01317840 | PTIN |
| Phone | 2129473333 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PASCAL TONE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 LEXINGTON AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10170 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $25,738,410 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FUS.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE EDUCATION ON AN INTERNATIONAL BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $558,239 | PYContributionsGrantsAmt |
| CY Contributions Grants | $631,798 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $24,285,097 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $24,148,852 | CYProgramServiceRevenueAmt |
| PY Investment Income | $44,065 | PYInvestmentIncomeAmt |
| CY Investment Income | $48,909 | CYInvestmentIncomeAmt |
| PY Other Revenue | $657,953 | PYOtherRevenueAmt |
| CY Other Revenue | $759,113 | CYOtherRevenueAmt |
| PY Total Revenue | $25,545,354 | PYTotalRevenueAmt |
| CY Total Revenue | $25,588,672 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,851,696 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,421,486 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,313,251 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,479,041 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $603,764 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,850,386 | PYOtherExpensesAmt |
| CY Other Expenses | $11,819,481 | CYOtherExpensesAmt |
| PY Total Expenses | $27,015,333 | PYTotalExpensesAmt |
| CY Total Expenses | $25,720,008 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,469,979 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$131,336 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $37,441,726 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,202,621 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,261,558 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $29,153,789 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,180,168 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,048,832 | NetAssetsOrFundBalancesEOYAmt |
| Mission | FRANKLIN COLLEGE IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE EDUCATION ON AN INTERNATIONAL BASIS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $20,058,253 | ExpenseAmt |
| Grant | $5,421,486 | GrantAmt |
| Revenue | $713,091 | RevenueAmt |
| Desc | OPERATIONS OF A FOUR YEAR ACCREDITED COLLEGE WITH AN AVERAGE ENROLLMENT OF 390 STUDENTS | Desc |
| Total Program Service Expenses | $20,058,253 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | SZ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PALMETTO MOLLO MOLINARO & SCIACCA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6317618989 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 BROADHOLLOW ROAD | AddressLine1 |
| City | MELVILLE | City |
| State | NY | State |
| ZIP Code | 11747 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| ANGELA W FOWLER | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| B JOHN LINDAHL JR | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CABELL GOOLSBY WEST | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DEIRDRE KINNEY-BRENNAN | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DENISE H ALFELD | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR FRANK M DWIGGINS | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR FULVIO PELLI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $10,000 | $0 | $0 | |||
| DR JEFFREY REIMER | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR OTTO A KALETSCH | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR WILLEM PEPPLER | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY TUCKER | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER BERG | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN READ TAYLOR | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN W MCNEELY | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KIM HILDEBRANT | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LAURENT BELET | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LORRAINE GRACE | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LUCIUS L FOWLER | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARGARET OSMER MCQUADE | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NINA KALETSCH | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAOLO GRASSI | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PASCAL F TONE | ||||||||
| CHAIRMAN | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL C LOWERRE | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER ASCHENBRENNER | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILIP RENAUD | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD H BELL II | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT I OAKFORD | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY DARRIN | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TOMMIE PEGUES | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR P GREGORY WARDEN | ||||||||
| PRESIDENT | 40.00 | Yes (X) | $222,222 | $0 | $0 | Yes (X) | ||
| ROBERT PALLONE | ||||||||
| VP ADVANCEMENT | 40.00 | $183,889 | $0 | $0 | Yes (X) | |||
| DR TOMASO RIZZI | ||||||||
| VP FINANCE & ADMIN | 40.00 | $163,889 | $0 | $0 | Yes (X) | |||
| ARMANDO ZANECCHIA | ||||||||
| PROFESSOR | 40.00 | $150,778 | $0 | $0 | Yes (X) | |||
| ANDREA TERZI | ||||||||
| PROFESSOR | 40.00 | $137,778 | $0 | $0 | Yes (X) | |||
| SARA STEINERT-BORELLA | ||||||||
| DEAN | 40.00 | $136,667 | $0 | $0 | Yes (X) | |||
| MORRIS MOTTALE | ||||||||
| PROFESSOR | 40.00 | $134,111 | $0 | $0 | Yes (X) | |||
| ANDREA BARDELLI DANIELI | ||||||||
| DIRECTOR OF MARKETING | 40.00 | $133,333 | $0 | $0 | Yes (X) | |||
| CONNIE YOUNG | ||||||||
| PROFESSOR | 40.00 | $133,333 | $0 | $0 | Yes (X) | |||
| DR ERIK O NIELSEN | ||||||||
| FORMER PRESIDENT | 0.00 | $0 | $0 | $255,014 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,406,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $255,014 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1 | CityContractorAddress/ForeignAddress/City | CountryContractorAddress/ForeignAddress/Country | Postal CodeContractorAddress/ForeignAddress/PostalCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COLT TELECOMMUNICATIONS | |||||
| MURTSCHENSTRASSE 27 | ZURICH | SZ | 6864 | TELECOMMUNICATIONS | $206,978 |
| GUFFANTI G | |||||
| VIA RICCARDO ROSSI 15 | ARZO | SZ | 6864 | CLEANING SERVICES | $132,015 |
| KPMG | |||||
| VIA BALESTRA 33 | LUGANO | SZ | 6901 | AUDITING | $121,501 |
| RACHAEL LA GAMBA | |||||
| VIA VECCHIO CASTAGNO 15C | MANNO | SZ | 6928 | ACCOUNTING | $114,317 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $631,798 | AllOtherContributionsAmt |
| Noncash Contributions | $96,191 | NoncashContributionsAmt |
| Total Contributions | $631,798 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| TUITION, ROOM & BOARD | 611710 | $17,126,623 | $17,126,623 |
| AUXILIARY ENTERPRISES | 611710 | $4,946,869 | $4,946,869 |
| EDUCATIONAL ACTIVITIES | 611710 | $2,075,360 | $2,075,360 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $24,148,852 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,687 | TotalRevenueColumnAmt |
| Exclusion | $26,687 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $46,022 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $46,022 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,022 | TotalRevenueColumnAmt |
| Exclusion | $46,022 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $22,222 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $22,222 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,222 | TotalRevenueColumnAmt |
| Exclusion | $22,222 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $162,778 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $149,738 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,040 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,040 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER OPERATING REVENUE | 611710 | $347,824 | $347,824 |
| NET APPRECIATION OF OTHER INVESTM | 611710 | $289,022 | $289,022 |
| NET APPRECIATION OF ENDOWMENT INV | 611710 | $63,205 | $63,205 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $700,051 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,588,672 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $713,091 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $24,243,783 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,421,486 | TotalAmt |
| Program Services | $5,421,486 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,000 | TotalAmt |
| Program Services | $580,000 | ProgramServicesAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255,014 | TotalAmt |
| Program Services | $255,014 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,365,551 | TotalAmt |
| Program Services | $6,365,551 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,011 | TotalAmt |
| Program Services | $497,011 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $192,884 | TotalAmt |
| Program Services | $192,884 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $588,581 | TotalAmt |
| Program Services | $588,581 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,540 | TotalAmt |
| Management And General | $27,540 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,435 | TotalAmt |
| Program Services | $107,435 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $713,370 | TotalAmt |
| Management And General | $713,370 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,612,635 | TotalAmt |
| Program Services | $1,612,635 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| AUXILIARY ENTERPRISES E | $3,920,816 | $3,920,816 | ||
| STUDENT SERVICES | $2,422,348 | $2,422,348 | ||
| INSTITUTIONAL SUPPORT | $1,360,128 | $756,364 | $603,764 | |
| ACADEMIC SUPPORT | $1,258,944 | $1,258,944 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396,265 | TotalAmt |
| Management And General | $396,265 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,720,008 | TotalAmt |
| Program Services | $20,058,253 | ProgramServicesAmt |
| Management And General | $5,057,991 | ManagementAndGeneralAmt |
| Fundraising | $603,764 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,140,769 | BOYAmt |
| EOY | $3,661,519 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,295,049 | BOYAmt |
| EOY | $1,484,898 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,877,502 | BOYAmt |
| EOY | $1,731,453 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,185 | BOYAmt |
| EOY | $163,234 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,830 | BOYAmt |
| EOY | $215,730 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $563,653 | BOYAmt |
| EOY | $693,178 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $49,415,193 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $21,486,105 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,618,365 | BOYAmt |
| EOY | $27,929,088 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $709,681 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,093 | BOYAmt |
| EOY | $133,683 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,825,599 | BOYAmt |
| EOY | $2,189,838 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,441,726 | BOYAmt |
| EOY | $38,202,621 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,855 | BOYAmt |
| EOY | $183,005 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,946,277 | BOYAmt |
| EOY | $23,864,607 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,166,426 | BOYAmt |
| EOY | $5,106,177 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,261,558 | BOYAmt |
| EOY | $29,153,789 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,703,222 | BOYAmt |
| EOY | $2,502,318 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,535,716 | BOYAmt |
| EOY | $5,569,579 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $941,230 | BOYAmt |
| EOY | $976,935 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,180,168 | BOYAmt |
| EOY | $9,048,832 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,441,726 | BOYAmt |
| EOY | $38,202,621 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$131,336 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $1,000 | RevenuesIncludedAmt |
| Assets Included | $373,000 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $941,230 | BeginningYearBalanceAmt |
| Contributions | $4,369 | ContributionsAmt |
| Investment Earnings Or Losses | $86,336 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $55,000 | OtherExpendituresAmt |
| End Year Balance | $976,935 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,916,073 | BeginningYearBalanceAmt |
| Contributions | $32,850 | ContributionsAmt |
| Investment Earnings Or Losses | $233,227 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,216,920 | GrantsOrScholarshipsAmt |
| Other Expenditures | $24,000 | OtherExpendituresAmt |
| End Year Balance | $941,230 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,777,072 | BeginningYearBalanceAmt |
| Contributions | $102,023 | ContributionsAmt |
| Investment Earnings Or Losses | $51,591 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,663 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,950 | OtherExpendituresAmt |
| End Year Balance | $2,916,073 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,588,993 | BeginningYearBalanceAmt |
| Contributions | $61,246 | ContributionsAmt |
| Investment Earnings Or Losses | $126,833 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $2,777,072 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,467,475 | BeginningYearBalanceAmt |
| Contributions | $108,146 | ContributionsAmt |
| Investment Earnings Or Losses | $33,372 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $20,000 | AdministrativeExpensesAmt |
| End Year Balance | $2,588,993 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,838,879 | OtherCostOrOtherBasisAmt |
| Book Value | $7,838,879 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,233,031 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,006,221 | DepreciationAmt |
| Book Value | $18,226,810 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,970,283 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,479,884 | DepreciationAmt |
| Book Value | $1,490,399 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $373,000 | InvestmentCostOrOtherBasisAmt |
| Book Value | $373,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,929,088 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CHARITABLE REMAINDER UNITRUST | $181,161 |
| CONSTRUCTION IN PROGRESS | $1,823,207 |
| DEFERRED TAX ASSET | $185,470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,189,838 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| TUITION & ROOM DEPOSITS | $1,436,200 |
| PENSION BENEFITS | $1,673,934 |
| DEFERRED TAX LIABILITY | $152,994 |
| ACCRUED EXPENSES | $1,801,884 |
| DEFERRED RENT | $41,165 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,106,177 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $20,294,702 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$5,421,486 | OtherRevenueAmt |
| Revenue Not Reported | -$5,421,486 | RevenueNotReportedAmt |
| Revenue Subtotal | $25,716,188 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$127,516 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$127,516 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $25,588,672 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,426,038 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $127,516 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $127,516 | ExpensesNotReportedAmt |
| Expenses Subtotal | $20,298,522 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $5,421,486 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,421,486 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $25,720,008 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | FINANCIAL STATEMENTS - FOOTNOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES IN ACCORDANCE WITH FASB ASC SUBTOPIC 740, INCOME TAXES, FRANKLIN UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. AS OF JUNE 30, 2014 AND 2013, FRANKLIN UNIVERSITY RECORDED NO LIABILITY FOR UNCERTAIN TAX POSITIONS, AS ALL OF ITS TAX POSITIONS WERE CONSIDERED HIGHLY CERTAIN OF BEING RECOGNIZED FOR INCOME TAX PURPOSES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS (INCLUDED ON 990 PG 10) -5,421,486. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GAIN ON SALE OF FIXED ASSET (INCLUDED IN EXPENSES PER F/S) 22,222. COST OF GOOD SOLD (INCLUDED IN EXPENSES PER F/S) -149,738. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | GAIN ON SALE OF FIXED ASSET (INCLUDED ON 990 PAGE 9) -22,222. COST OF GOOD SOLD (INCLUDED ON 990 PG 9) 149,738. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS (INCLUDED IN REVENUE PER F/S) 5,421,486. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | FRANKLIN'S DISCRIMINAION POLICY IS INCLUDED ON ITS WEBSITE AS WELL AS IN ITS ACADEMIC CATALOG WHICH IS DISTRIBUTED UPON REQUEST. IT STATES "FRANKLIN COLLEGE DOES NOT DISCRIMINATE IN ITS ADMISSION AND FINANCIAL AID POLICIES AND PRACTICES ON THE BASIS OF FACTORS SUCH AS RACE, SEX, SEXUAL ORIENTATION, AGE, COLOR, RELIGION OR REGIONAL ORIGIN." | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | SWITZERLAND | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 125 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | EDUCATION | SpecificServicesProvidedTxt |
| Region Total Expenditures | $24,900,861 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 125 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 125 | TotalEmployeeCnt |
| Subtotal Spent | $24,900,861 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $24,900,861 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|---|
| FINANCIAL AID | SWITZERLAND | 216 | $2,112,876 | CREDIT TO ACCOUNT | $0 | N/A | N/A |
| MERIT AWARDS | SWITZERLAND | 263 | $2,924,196 | CREDIT TO ACCOUNT | $0 | N/A | N/A |
| FLY FREE AWARDS | SWITZERLAND | 66 | $97,428 | CREDIT TO ACCOUNT | $0 | N/A | N/A |
| CCIS DISCOUNTS | SWITZERLAND | 12 | $36,305 | CREDIT TO ACCOUNT | $0 | N/A | N/A |
| INSTITUTIONAL AGREEMENTS | SWITZERLAND | 2 | $72,930 | CREDIT TO ACCOUNT | $0 | N/A | N/A |
| LIFE LONG LEARNING SCHOLARSHIPS | SWITZERLAND | 134 | $177,751 | CREDIT TO ACCOUNT | $0 | N/A | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | STUDENT RECIPIENTS OF SCHOLARSHIPS AND MERIT AWARDS ARE SELECTED BY THE UNIVERSITY BASED ON A NUMBER OF QUALIFICATIONS INCLUDING: FOR FINANCIAL AID, A STUDENT MUST DEMONSTRATE A FINANCIAL NEED BASED ON THE STUDENT'S FAFSA. THE STUDENT'S GPA IS ALSO CONSIDERED AND MUST BE AT LEAST 2.5. OTHER AWARDS REQUIRE A GPA OF AT LEAST 2.8. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR P GREGORY WARDEN | ||||||||||||||
| PRESIDENT | $222,222 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $222,222 | $0 | $0 | $0 |
| ROBERT PALLONE | ||||||||||||||
| VP ADVANCEMENT | $183,889 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $183,889 | $0 | $0 | $0 |
| DR TOMASO RIZZI | ||||||||||||||
| VP FINANCE & ADMIN | $163,889 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $163,889 | $0 | $0 | $0 |
| ARMANDO ZANECCHIA | ||||||||||||||
| PROFESSOR | $150,778 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $150,778 | $0 | $0 | $0 |
| DR ERIK O NIELSEN | ||||||||||||||
| FORMER PRESIDENT | $0 | $0 | $0 | $0 | $0 | $0 | $255,014 | $0 | $0 | $0 | $255,014 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT, AS WELL AS HIS WIFE, ARE ENTITLED TO FIRST-CLASS TRAVEL FOR THOSE TRIPS CONSIDERED FOR THE BENEFIT OF THE INSTITUTION. ALSO, HE IS ENTITLED TO A HOUSING ALLOWANCE FOR HOUSING WHICH IS IN CLOSE PROXIMITY TO THE CAMPUS. COMPENSATION AND SOME BENEFITS ARE TAXABLE UNDER LOCAL SWISS LAW, HOWEVER, BOTH ITEMS INDICATED ABOVE ARE NOT CONSIDERED TAXABLE COMPENSATION AND THEREFORE, NOT TREATED AS SUCH. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELLEN NIELSEN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | WIFE OF FORMER PRESIDENT | RelationshipDescriptionTxt |
| Transaction | $14,288 | TransactionAmt |
| Transaction | FURNISHED CONSULTING SERVICES RELATED TO PRINITING AND PUBLISHING | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $95,191 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | STOCK CONTRIBUTIONS MADE BY 4 INDIVIDUALS THROUGHOUT THE TAX YEAR. |
| PART I, LINE 32B: | WHEN ON OCCASION CONTRIBUTED STOCK IS SOLD, IT IS BY A HIRED THIRD PARTY STOCK BROKER. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MR. OTTO A. KALETSCH AND MRS. NINA KALETSCH ARE BOTH TRUSTEES AND ARE HUSBAND AND WIFE. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE TAX RETURN IS MAILED TO THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION FOR REVIEW. UPON APPROVAL BY THE VP, IT IS MAILED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR FOR HIS REVIEW AND ULTIMATE APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF TRUSTEES ARE REQURIED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AT THE EARLIEST POSSIBLE TIME, WHILE EMPLOYEES MUST DISCLOSE ANY POTENTIAL CONFLICTS OF INTERST TO HIS/HER IMMEDIATE SUPERVISOR, WHO IN TURN MUST INFORM THE VP OF FINANCE AND ADMINISTRATION. ADDITIONALLY, ALL CONFLICTS ON THE BOARD ARE DISCLOSED IN WRITING TO THE TRUSTEES COMMITTEE WHICH IS RESPONSIBLE FOR ISSUES OF GOVERNANCE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES OF THE COLLEGE HAS A STANDING COMMITTEE FOR PRESIDENTIAL COMPENSATION COMPOSED OF THE CHAIR, VICE CHAIR AND, TWO TRUSTEES WITH SUBSTANTIAL EXPERIENCE IN MATTERS OF LEADERSHIP AND EXECUTIVE COMPENSATION MATTERS. IN DETERMINING COMPENSATION, THE COMMITTEE CONSIDERS COMPARATIVE DATA FROM OTHER INSTITUTIONS, INFORMATION DISSEMINATED AT THE ANNUAL CIC CONFERENCE AND THE CHRONICLE OF HIGHER EDUCATION, SPECIAL ISSUES RELATED TO FRANKLIN'S UNIQUE LOCATION AND CORPORATE STRUCTURE, AND AN ANNUAL EVALUATION OF PRESIDENTIAL PERFORMANCE. THIS PROCESS AND ALL ITS ELEMENTS HAVE BEEN REVIEWED AND APPROVED BY THE AUDIT PARTNER OF THE FIRM AUDITING THE COLLEGE'S FINANCIAL STATEMENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST. |
| FORM 990, PART IX, LINE 24E | OPERATION AND MAINTENANCE OF PLANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 246,365. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 246,365. MISCELLANEOUS LOSSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 149,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 149,900. |
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