2012-03-01T13:00:02-06:00 2011-06-30 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2010-07-01 350868086 FRANKLIN COLLEGE FRAN 3177388000 101 Branigin Blvd Franklin IN 46131 BRYAN SPETTER 2012-02-22 true 3175698989 2010 2016-02-24 21:20:13Z JAMES G MOSELEY 101 Branigin Blvd Franklin IN 46131 100933277 false X WWW.FRANKLINCOLLEGE.EDU X 1834 IN FRANKLIN COLLEGE SHALL ATTAIN EXCELLENCE AS A LIBERAL ARTS TEACHING AND LEARNING UNDERGRADUATE COMMUNITY. THE COLLEGE SHALL MOTIVATE AND PREPARE ITS GRADUATES FOR LIVES OF EXCELLENCE, LEADERSHIP, & SERVICE. 37 36 981 50 -174309 -185275 3398719 5147249 29641369 30830842 3980852 2258733 157009 110500 37177949 38347324 11098741 11661534 0 0 14113996 14943805 7200 0 1488113 12228438 12396160 37448375 39001499 -270426 -654175 130575506 140934328 18544981 19605412 112030525 121328916 FRANKLIN COLLEGE SHALL ATTAIN EXCELLENCE AS A PERSONAL, PARTICIPATORY, VALUES-FOCUSED, CAREER-SENSITIVE, LIBERAL ARTS TEACHING AND LEARNING UNDERGRADUATE COMMUNITY. THE COLLEGE SHALL MOTIVATE AND PREPARE ITS GRADUATES FOR PRODUCTIVE AND SATISFYING LIVES OF EXCELLENCE, LEADERSHIP AND SERVICE. false 16754611 25341563 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE STUDENTS. 11661534 11661534 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 6359592 5564286 STUDENT SERVICES - ACTIVITIES RELATED TO STUDENTS' LIVES OUTSIDE THE CLASSROOM. THIS INCLUDES: STUDENT AFFAIRS, RESIDENCE LIFE, COLLEGE CHAPLAIN, ADMISSIONS, FINANCIAL AID OFFICE, ACADEMIC RECORDS, AND ATHLETICS. 34775737 true true false false false false true true true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false false true true false false false false false false false false false true 1794 0 true 981 true true true false false false false true true false false false false X 37 36 true false false false false false false true true false false true true true true true true true false false IN X BRYAN SPETTER 3177388000 101 BRANIGIN BLVD Franklin IN 46131 CLIFFORD H DIETZ 2 X 0 0 0 DAVID BRAILOW 40 X 124555 0 34775 KERRY PRATHER 40 X 92354 0 33831 WILLIAM RECEVEUR 2 X 0 0 0 DAN THOMASSON 2 X 0 0 0 MARGOT ECCLES 2 X 0 0 0 DEBORAH DAVIS 2 X 0 0 0 WIL NELP 2 X 0 0 0 RAFAEL SANCHEZ 2 X 0 0 0 JAMES DUE 2 X 0 0 0 THERESSA WRIGHT 2 X 0 0 0 JAMES MEYER 40 X 141373 0 38366 JAMES HOOVER 2 X 0 0 0 JAMES FRISCHE 2 X 0 0 0 STEPHEN HUDDLESTON 2 X 0 0 0 SUSAN DEVOSS 2 X X 0 0 0 JOHN AULD JR 2 X 0 0 0 LISA FEARS 40 X 102833 0 18387 MARY ANN COLLIER 2 X 0 0 0 ALAN HILL 40 X 135751 0 41902 VON BOLL 2 X 0 0 0 R MARTIN UMBARGER 2 X 0 0 0 JANE REPP 2 X 0 0 0 PAMELA HICKS 2 X 0 0 0 JOHN DICKERSON 2 X 0 0 0 JAMES NAPOLITAN 2 X 0 0 0 SUSAN WILLIAMS 2 X X 0 0 0 WORTHE HOLT JR 2 X 0 0 0 PETER CANGANY 2 X 0 0 0 ROBERT SCHAFSTALL 2 X X 0 0 0 REINHARD BOCKSTETTE 2 X 0 0 0 CONSTANCE VAN VALER 2 X 0 0 0 ELLIS HALL 40 X 106583 0 19387 WILLIAM BROWN 2 X 0 0 0 PHILIP POWELL 2 X 0 0 0 DEAN ABPLANALP 2 X 0 0 0 JAMES MOSELEY 40 X 254163 0 135246 CHRISTI FIELDS 2 X 0 0 0 DOUGLAS TILLMAN 2 X 0 0 0 BRYAN SPETTER 40 X 115667 0 16200 MICHAEL O'DELL 2 X 0 0 0 ROBERT DEVOSS 2 X 0 0 0 JOHN CHIAROTTI 2 X 0 0 0 MARK HARRISON 2 X 0 0 0 DEVIN ANDERSON 1 X 0 0 0 LARRY MASON 1 X 0 0 0 BYRON MASON 1 X 0 0 0 JOHN GRIMMER 1 X 0 0 0 1073279 0 338094 7 false true false SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1770244 BRUSCO LLC 851 OVERSTREET ST FRANKLIN IN 46131 EXCAVATION 802420 SHIEL SEXTON COMPANY INC 902 N CAPITOL AVE INDIANAPOLIS IN 46204 CONSTRUCTION MANAGEMENT 667464 MILESTONE CONTRACTORS LP 5950 S BELMONT AVE INDIANAPOLIS IN 46217 PAVING 519698 BEMIS GROUP PO BOX 1092 GREENWOOD IN 46142 CONSTRUCTION MANAGEMENT 510628 12 42590 620472 4484187 836892 5147249 TUITION AND FEES 25266556 25266556 AUXILIARY ENTERPRISES 5564286 5564286 0 0 0 0 30830842 1519202 -184455 1703657 0 0 53458 8166 45292 0 45292 8546 36746 63296584 62557053 739531 0 739531 739531 9335 42590 20734 -11399 -11399 0 0 MISCELLANEOUS INCOME 75007 75007 FITNESS FACILITY 713940 1600 1600 0 0 0 0 76607 38347324 30905849 -174309 2468535 0 11661534 11661534 0 0 1185453 339840 663966 181647 264809 264809 10957687 9798578 447366 711743 1041061 907878 56924 76259 652270 561895 50813 39562 842525 722898 60619 59008 0 42408 42408 81643 81643 0 0 209917 209917 2373403 2229678 118428 25297 160800 160800 645780 402997 40292 202491 145424 145424 0 0 220671 174420 10940 35311 0 189282 174420 10939 3923 275731 252482 23249 0 2884057 2731725 127925 24407 41165 41165 PLANT OPERATIONS 3366313 3183370 153631 29312 EQUIPMENT & EQUIPMENT RENTAL 558098 523164 28818 6116 FOOD 222931 181521 27664 13746 PROFESSIONAL EDUCATION AND DUES 217642 105884 103967 7791 GRANT-FUNDED ACTIVITIES 88903 88903 671992 428326 172166 71500 39001499 34775737 2737649 1488113 0 73360 204268 3012617 844010 815806 1817291 290462 297056 4141922 4229613 288246 251107 489123 467239 115186526 56836505 56239958 58350021 37984546 47608472 26600120 26421067 0 0 639346 444184 130575506 140934328 1774313 999874 333760 360411 8800000 8550000 149969 167943 1288895 1153638 3169647 5432440 3028397 2941106 18544981 19605412 X 62154276 65818961 13389900 17641093 36486349 37868862 112030525 121328916 130575506 140934328 X -654175 9952004 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 52935 X X false false true 73862023 1505460 11622245 1155918 4267178 81566632 69774138 673374 7652516 1122251 3115754 0 73862023 90221640 351726 -16686329 1109140 3003759 0 69774138 0.34740 0.46430 0.18830 false false 5787780 7235078 13022858 82383687 40610904 41772783 0 16749103 16225601 523502 3030878 3030878 58350021 0 0 MUTUAL FUNDS, BONDS 1869976 F PRIVATE PARTNERSHIPS 6234741 F FUNDS OF HEDGE FUNDS 10154769 F FUND OF FUNDS 8134824 F PRIVATE EQUITY 26757 F 26421067 0 LIABILITIES UNDER CHARITABLE ANNUITY AND UNITRUST AGREEMENTS 904612 CAPITAL LEASE OBLIGATION 218454 ADVANCES FROM FEDERAL AGENCY FOR STUDENT LOANS 1818040 2941106 38347886 39001499 -653613 9952004 0 9952004 9298391 36486540 9952004 28900 9980904 26505636 209917 11632333 11842250 38347886 27188149 28900 28900 27159249 209917 11632333 11842250 39001499 Collections of art - description of collections Schedule D, Part III, Line 4 COLLECTIONS FROM VARIOUS SCHOLARS, DIGNITARIES, AND ARTISTS ENHANCE THE INTELLECTUAL ATMOSPHERE ON CAMPUS. Explanation of escrow agreement Schedule D, Part IV, Line 2b THE COLLEGE HOLDS CASH FOR STUDENT CAMPUS ORGANIZATIONS, WHICH ARE FUNDED BY AN ACTIVITY FEE ON STUDENT'S TUITION STATEMENTS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT PROVIDES SUPPORT FOR THE OPERATION OF THE COLLEGE AND HELPS THE COLLEGE FULFILL ITS MISSION BY PROVIDING SCHOLARSHIPS AND FACULTY SUPPORT. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. THE COLLEGE IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. CURRENT ACCOUNTING STANDARDS REQUIRE THE COLLEGE TO DISCLOSE THE AMOUNT OF POTENTIAL BENEFIT OR OBLIGATION TO BE REALIZED AS A RESULT OF AN EXAMINATION PERFORMED BY A TAXING AUTHORITY. FOR THE YEARS ENDED JUNE 30, 2011 AND 2010, MANAGEMENT HAS DETERMINED THAT THE COLLEGE DOES NOT HAVE ANY TAX POSITIONS THAT RESULT IN ANY UNCERTAINTIES REGARDING THE POSSIBLE IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2008. THE COLLEGE RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE COLLEGE DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2011 OR 2010. Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d RENTAL EXPENSES - 8166; FUNDRAISING EXPENSES - 20734; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b SCHOLARSHIPS - 11632333; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENTAL EXPENSES - 8166; FUNDRAISING EXPENSES - 20734; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS - 11632333; true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION DOES RECEIVE ASSISTANCE FROM A GOVERNMENTAL AGENCY. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 83116 CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 10141706 SUB SAHARAN AFRICA PROGRAM SERVICES STUDY ABROAD COURSES 79093 0 0 10303915 true false true true true false HUGH ANDREWS MEMORIAL GOLF OUTING 32725 28030 4695 3435 8783 TOUCHDOWN CLUB GOLF OUTING 19200 14560 4640 2046 6470 0 51925 42590 9335 0 5481 15253 0 0 0 20734 -11399 true TRAVEL GRANTS 12 67693 SCHOLARSHIPS 1045 11593841 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE FINANCIAL AID OFFICE AND THE BUSINESS OFFICE OPERATE TOGETHER TO ENSURE GRANTS ARE USED FOR EDUCATIONAL PURPOSES. GRANTS ARE APPLIED TO STUDENTS' ACCOUNTS BY THE BUSINESS OFFICE AFTER THE GRANTS ARE APPROVED AND DISBURSED BY THE FINANCIAL AID OFFICE. X X false true X X X X false true false false false false false false false DAVID BRAILOW 123667 0 0 0 888 0 16870 0 17905 0 159330 0 0 0 JAMES MEYER 137433 0 0 0 3940 0 19175 0 19191 0 179739 0 0 0 ALAN HILL 132126 0 0 0 3625 0 18949 0 22953 0 177653 0 0 0 JAMES MOSELEY 216681 0 0 0 37482 0 96255 0 38991 0 389409 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT IS REQUIRED TO RESIDE IN THE PRESIDENT'S HOME AS PART OF HIS DUTIES AS PRESIDENT. BECAUSE THIS IS REQUIRED OF HIM AS PART OF HIS EMPLOYMENT, THIS IS NOT TREATED AS TAXABLE COMPENSATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a CLUB DUES ARE PAID FOR THE PRESIDENT, VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT, VICE PRESIDENT FOR ENROLLMENT, AND VICE PRESIDENT FOR ACADEMIC AFFAIRS. ALL ARE TREATED AS TAXABLE COMPENSATION AND APPEAR ON THE FORMS W-2 FOR THESE INDIVIDUALS. Written policy regarding payment or reimbursement of expenses Schedule J, Part I, Line 1b THE BOARD OF TRUSTEES DETERMINES ELIGIBILITY FOR THESE BENEFITS FOR THE PRESIDENT. THE PRESIDENT DOES SO FOR ALL OTHER STAFF/FACULTY POSITIONS. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b JAMES G. MOSELEY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. HE DEFERRED $60,000 DURING THE YEAR ENDED JUNE 30, 2011. INDIANA EDUCATIONAL FACILITIES AUTHORITY 521698917 455048U48 2003-12-03 15000000 EXPANSION OF CAMPUS CENTER AND REFUNDING OF 10/7/1999 BOND ISSUE false false false 6450000 0 15005926 0 0 0 191641 54690 0 8843180 0 0 2003 true false true true false false false false 0.0000 0.0000 0.0000 true false true false NA false NA false true TOTAL PROCEEDS OF ISSUE PART II, LINE 3 TOTAL PROCEEDS OF ISSUE DOES NOT MATCH ISSUE PRICE BECAUSE THERE WERE $5,926 IN INVESTMENT EARNINGS. FRANKLIN INSURANCE AGENCY OWNED BY TRUSTEE JOHN AULD, JR. 218945 INSURANCE PURCHASED BY FRANKLIN COLLEGE false X 22 719112 MARKET VALUE X 1 86000 MARKET VALUE X 1 31780 MARKET VALUE 0 false true false Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 SUSAN DEVOSS AND ROBERT DEVOSS - FAMILY RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE. THEN A COPY OF THE FORM 990 IS PROVIDED TO EVERY MEMBER OF THE GOVERNING BODY BEFORE IT IS FILED WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ALL EMPLOYEES AND TRUSTEES ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. THE PRESIDENT IS RESPONSIBLE FOR REVIEWING THE STATEMENTS FOR COLLEGE EMPLOYEES. THE AUDIT COMMITTEE IS RESPONSIBLE FOR REVIEWING THE STATEMENTS OF THE TRUSTEES AND THE PRESIDENT. ANY CONFLICTS OF INTEREST THAT ARE DISCLOSED ARE REPORTED TO THE CHAIR OF THE BOARD WHO ENSURES THE INDIVIDUAL ABSTAINS FROM VOTING ON MATTERS RELATED TO THE CONFLICT. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PRESIDENT'S COMMITTEE OF THE BOARD OF TRUSTEES ESTABLISHES THE PRESIDENT'S COMPENSATION ANNUALLY. THIS IS DONE THROUGH A REVIEW PROCESS BY WHICH THE PRESIDENT'S PERFORMANCE IS ASSESSED. THE COMMITTEE USES COMPARATIVE SALARY DATA, INCLUDING FORMS 990 OF OTHER ORGANIZATIONS, TO MAKE ITS FINAL DECISION. THE DECISION IS THEN RECOMMENDED TO THE BOARD OF TRUSTEES. THE BOARD THEN VOTES ON THE MATTER. THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2010. Public Disclosure Form 990, Part VI, Section C, Line 19 THE ORGANIZATIONS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 9952004;