FRANKLIN SWITZERLAND INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- FRANKLIN SWITZERLAND INC (EIN 23-7075717)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-14
- IRS object ID
- 201400459349301030
- Schema version
- 2012v2.1
- 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
- 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) |
|---|---|---|
| Timestamp | 2014-02-14T09:31:04-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132871428 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUNARO & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 FIFTH AVE 41ST FLR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10118 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237075717 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANKLIN UNIVERSITY SWITZERLAND INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FRAN | NameControl |
| Phone | 2129229650 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PASCAL TONE | Name |
| Title | CHAIRMAN | Title |
| Phone | 2129229650 | Phone |
| Date Signed | 2014-02-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PHILIP NG | Name |
| PTIN | P00478282 | PTIN |
| Phone | 2129473333 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PASCAL TONE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 25545354 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.FC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | FRANKLIN COLLEGE IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE EDUCATION ON AN INTERNATIONAL BASIS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 10 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1669760 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 558239 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 24215526 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 24285097 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 52759 | InvestmentIncomePriorYear |
| Investment Income Current Year | 44065 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 857797 | OtherRevenuePriorYear |
| Other Revenue Current Year | 657953 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 26795842 | TotalRevenuePriorYear |
| Total Revenue Current Year | 25545354 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4079254 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4851696 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2143158 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2313251 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 685462 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22970108 | OtherExpensePriorYear |
| Other Expenses Current Year | 19850386 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 29192520 | TotalExpensesPriorYear |
| Total Expenses Current Year | 27015333 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2396678 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1469979 | RevenuesLessExpensesCY |
| Total Assets BOY | 38819222 | TotalAssetsBOY |
| Total Assets EOY | 37441726 | TotalAssetsEOY |
| Total Liabilities BOY | 27221400 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 28261558 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 11597822 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9180168 | NetAssetsOrFundBalancesEOY |
| Mission Description | FRANKLIN COLLEGE IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE EDUCATION ON AN INTERNATIONAL BASIS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 19833038 | Expense |
| Grants | 4851696 | Grants |
| Revenue | 657953 | Revenue |
| Description | OPERATIONS OF A FOUR YEAR ACCREDITED COLLEGE WITH AN AVERAGE ENROLLMENT OF 395 STUDENTS | Description |
| Total Program Service Expense | 19833038 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 10 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | SZ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PALMETTO MOLLO MOLINARO & SCIACCA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6317618989 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DR ERIK O NIELSEN | |||||||
| CHANCELLOR | 40.00 | X | X | 400289 | 0 | 0 | |
| DR OTTO A KALETSCH | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DR FRANK M DWIGGINS | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| LORRAINE GRACE | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DR WILLEM PEPPLER | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DENISE H ALFELD | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DR JOHN S BAILEY | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| LAURENT BELET | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| RICHARD H BELL II | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| JENNIFER BERG | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| TIMOTHY DARRIN | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| ANGELA W FOWLER | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| LUCIUS L FOWLER | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| PAOLO GRASSI | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| KIM HILDEBRANT | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| NINA KALETSCH | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DEIRDRE KINNEY-BRENNAN | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| B JOHN LINDAHL JR | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| PAUL C LOWERRE | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| KEVIN W MCNEELY | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| MARGARET OSMER MCQUADE | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| SCOTT I OAKFORD | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| TOMMIE PEGUES | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DR FULVIO PELLI | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| PHILIP RENAUD | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| JOHN READ TAYLOR | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| PASCAL F TONE | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| JAY TUCKER | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DR P GREGORY WARDEN | |||||||
| PRESIDENT | 40.00 | X | X | 212766 | 0 | 0 | |
| CABELL GOOLSBY WEST | |||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | ||
| DR TOMASO RIZZI | |||||||
| VP FOR FINANCE AND ADMINISTRATION | 40.00 | X | 156915 | 0 | 0 | ||
| ROBERT PALLONE | |||||||
| VP FOR ADVANCEMENT | 40.00 | X | 176064 | 0 | 0 | ||
| CALHOUN ALLEN | |||||||
| VP FOR MARKETING & ENROLLMENT MGMT | 40.00 | X | 138830 | 0 | 0 | ||
| ARMANDO ZANECCHIA | |||||||
| PROF OF INTERNATIONAL MGMT | 40.00 | 141702 | 0 | 0 | X | ||
| PAMELA ADAMS | |||||||
| PROFESSOR | 40.00 | 117021 | 0 | 0 | X | ||
| SARA STEINERT-BORELLA | |||||||
| ASSOCIATE DEAN | 40.00 | 130851 | 0 | 0 | X | ||
| SANJA DUDUKOVIC | |||||||
| PROFESSOR | 40.00 | 124787 | 0 | 0 | X | ||
| ROBERT GEBHARDT | |||||||
| PROFESSOR | 40.00 | 127660 | 0 | 0 | X | ||
| MORRIS MOTTALE | |||||||
| PROFESSOR | 40.00 | 135851 | 0 | 0 | X | ||
| ANDREA TERZI | |||||||
| PROFESSOR | 40.00 | 131915 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1994651 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressForeign/AddressLine1 | CityAddressOfContractor/AddressForeign/City | CountryAddressOfContractor/AddressForeign/Country | Postal CodeAddressOfContractor/AddressForeign/PostalCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COLT TELECOMMUNICATIONS | |||||
| MURTSCHENSTRASSE 27 | ZURICH | SZ | 6864 | TELECOMMUNICATIONS | 159687 |
| KPMG | |||||
| VIA BALESTRA 33 | LUGANO | SZ | 6901 | AUDIT | 149282 |
| GUFFANTI G | |||||
| VIA RICCARDO ROSSI 15 | ARZO | SZ | 6864 | CLEANING SERVICES | 128128 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 558239 | AllOtherContributions |
| Total Contributions | 558239 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| TUITION, ROOM & BOARD | 611710 | 16559487 | $16,559,487 |
| AUXILIARY ENTERPRISES | 611710 | 5689622 | $5,689,622 |
| EDUCATIONAL ACTIVITIES | 611710 | 2035988 | $2,035,988 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 24285097 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44065 | TotalRevenueColumn |
| Exclusion | $44,065 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OTHER OPERATING REVENUE | 611710 | 267529 | 267529 |
| UNREALIZED GAINS | 611710 | 196372 | 196372 |
| APPRECIATION OF ENDOWMENT INVESTM | 611710 | 194052 | 194052 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 657953 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25545354 | TotalRevenueColumn |
| Related Or Exempt Function Income | 657953 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $24,329,162 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4851696 | Total |
| Program Services | 4851696 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 659953 | Total |
| Program Services | 659953 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 748936 | Total |
| Program Services | 748936 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 904362 | Total |
| Program Services | 904362 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1538929 | Total |
| Program Services | 1538929 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUCTION | 5952822 | 5952822 | ||
| AUXILIARY ENTERPRISES E | 4477963 | 4477963 | ||
| STUDENT SERVICES | 2633022 | 2633022 | ||
| INSTITUTIONAL SUPPORT | 1924251 | 1238789 | 685462 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3323399 | Total |
| Program Services | 1304529 | ProgramServices |
| Management And General | 2018870 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27015333 | Total |
| Program Services | 19833038 | ProgramServices |
| Management And General | 6496833 | ManagementAndGeneral |
| Fundraising | 685462 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2749434 | BOY |
| EOY | 2140769 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 402000 | BOY |
| EOY | 1295049 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2109432 | BOY |
| EOY | 1877502 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123423 | BOY |
| EOY | 132185 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118750 | BOY |
| EOY | 163830 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 555714 | BOY |
| EOY | 563653 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 46579370 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 18961005 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28361448 | BOY |
| EOY | 27618365 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1508063 | BOY |
| EOY | 709681 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98453 | BOY |
| EOY | 115093 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2792505 | BOY |
| EOY | 2825599 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38819222 | BOY |
| EOY | 37441726 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 378394 | BOY |
| EOY | 148855 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22726042 | BOY |
| EOY | 22946277 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4116964 | BOY |
| EOY | 5166426 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27221400 | BOY |
| EOY | 28261558 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4522090 | BOY |
| EOY | 2703222 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4159659 | BOY |
| EOY | 5535716 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2916073 | BOY |
| EOY | 941230 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11597822 | BOY |
| EOY | 9180168 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38819222 | BOY |
| EOY | 37441726 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1469979 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -196372 | ReconciliationUnrealizedInvest |
| Reconcilation Prior Adjustment | -751303 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 14300 | RevenuesIncluded |
| Assets In Part X | 372000 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3702133 | BeginningOfYearBalance |
| Contributions | 32850 | Contributions |
| Investment Earnings Or Losses | 39175 | InvestmentEarningsOrLosses |
| Administrative Expenses | 47680 | AdministrativeExpenses |
| End Of Year Balance | 3726478 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3929380 | BeginningOfYearBalance |
| Contributions | 102023 | Contributions |
| Investment Earnings Or Losses | 51591 | InvestmentEarningsOrLosses |
| Administrative Expenses | 380861 | AdministrativeExpenses |
| End Of Year Balance | 3702133 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2186966 | BeginningOfYearBalance |
| Contributions | 1855355 | Contributions |
| Investment Earnings Or Losses | 20 | InvestmentEarningsOrLosses |
| Administrative Expenses | 112961 | AdministrativeExpenses |
| End Of Year Balance | 3929380 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2467475 | BeginningOfYearBalance |
| Contributions | 108146 | Contributions |
| Investment Earnings Or Losses | 33372 | InvestmentEarningsOrLosses |
| Administrative Expenses | 20000 | AdministrativeExpenses |
| End Of Year Balance | 2588993 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 548933 | BeginningOfYearBalance |
| Contributions | 1894731 | Contributions |
| Investment Earnings Or Losses | 23811 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2467475 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7421917 | OtherCostOrOtherBasis |
| Book Value | 7421917 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 31443904 | OtherCostOrOtherBasis |
| Depreciation | 13162454 | Depreciation |
| Book Value | 18281450 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7341549 | OtherCostOrOtherBasis |
| Depreciation | 5798551 | Depreciation |
| Book Value | 1542998 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 372000 | InvestmentCostOrOtherBasis |
| Book Value | 372000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 27618365 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CHARITABLE REMAINDER UNITRUST | 174090 |
| CONSTRUCTION IN PROGRESS | 1726228 |
| RESTRICTED CASH | 829239 |
| DEFERRED TAX ASSET | 96042 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 2825599 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| TUITION & ROOM DEPOSITS | $1,485,198 |
| PENSION BENEFITS | $1,249,716 |
| DEFERRED TAX - SHORT TERM | $125,761 |
| OTHER CURRENT PAYABLES | $1,458,993 |
| OTHER NONCURRENT PAYABLES | $612,455 |
| FOREIGN CURRENCY CONTRACTS | $234,303 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5166426 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 20497286 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -4851696 | OtherRevenues |
| Revenue Not Rptd F990 | -4851696 | RevenueNotRptdF990 |
| Revenue Subtotal | 25348982 | RevenueSubtotal |
| Other Revenues Not Included | 196372 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 196372 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 25545354 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 22163637 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 22163637 | ExpensesSubtotal |
| Other Expenses Not Included | 4851696 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4851696 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 27015333 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | PART X, LINE 2: FINANCIAL STATEMENTS - FOOTNOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BEGINNING WITH THE ADOPTION OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, INCLUDED IN FASB ASC SUPTOPIC 740, INCOME TAXES, AS OF JULY 1, 2009, FRANKLIN COLLEGE 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. PRIOR TO THE ADOPTION OF FIN 48, FRANKLIN COLLEGE RECOGNIZED THE EFFECT OF INCOME TAX POSITIONS ONLY IF SUCH POSITIONS WERE PROBABLE OF BEING SUSTAINED. UPON ADOPTION AND THROUGH JUNE 30, 2012, FRANKLIN COLLEGE 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 -4,851,696. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | UNREALIZED GAIN 196,372. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 4,851,696. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| 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." | Explanation |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | SWITZERLAND | Region |
| Number Of Offices | 1 | NumberOfOffices |
| Number Of Employees | 114 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | EDUCATION | SpecificServicesProvided |
| Total Expenditures | 7751473 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 114 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 114 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 7751473 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 7751473 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (6 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|---|---|
| FINANCIAL AID | SWITZERLAND | 189 | 1820040 | CREDIT TO ACCOUNT | N/A | N/A |
| MERIT AWARDS | SWITZERLAND | 265 | 2688567 | CREDIT TO ACCOUNT | N/A | N/A |
| FLY FREE AWARDS | SWITZERLAND | 79 | 120232 | CREDIT TO ACCOUNT | N/A | N/A |
| CCIS | SWITZERLAND | 7 | 60833 | CREDIT TO ACCOUNT | N/A | N/A |
| INSTITUTIONAL AGREEMENTS | SWITZERLAND | 1 | 42709 | CREDIT TO ACCOUNT | N/A | N/A |
| LIFE LONG LEARNING SCHOLARSHIPS | SWITZERLAND | 137 | 160315 | CREDIT TO ACCOUNT | N/A | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 2: 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR ERIK O NIELSEN | ||||||||||||||
| CHANCELLOR | 400289 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400289 | 0 | 0 | 0 |
| DR P GREGORY WARDEN | ||||||||||||||
| PRESIDENT | 212766 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 212766 | 0 | 0 | 0 |
| DR TOMASO RIZZI | ||||||||||||||
| VP FOR FINANCE AND ADMINISTRATION | 156915 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 156915 | 0 | 0 | 0 |
| ROBERT PALLONE | ||||||||||||||
| VP FOR ADVANCEMENT | 176064 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 176064 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | PART I, LINE 1A - 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, NO TREATED AS SUCH. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ELLEN NIELSEN | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | WIFE OF FORMER PRESIDENT | Relationship |
| Amount Of Transaction | 13680 | AmountOfTransaction |
| Description Of Transaction | FURNISHED CONSULTING SERVICES RELATED TO PRINITING AND PUBLISHING | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 156217 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 | ACADEMIC SUPPORT: PROGRAM SERVICE EXPENSES 1,304,529. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,304,529. OPERATION AND MAINTENANCE OF PLANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,202,024. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,202,024. VARIOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 816,846. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 816,846. | ALL OTHER FUNCTIONAL EXPENSES |
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