2011-02-15T16:00:12-06:00 2010-06-30 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2009-07-01 350868086 FRANKLIN COLLEGE FRAN 3177388000 101 BRANIGIN BLVD FRANKLIN IN 46131 BRYAN SPETTER 2010-02-15 true 3175698989 2009 2016-02-24 21:20:13Z JAMES G MOSELEY 101 BRANIGIN BLVD FRANKLIN IN 46131 95756723 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 36 982 50 -37334 -37618 4050113 3398719 27501080 29641369 -3298509 3980852 268081 157009 28520765 37177949 9695949 11098741 0 0 13258844 14113996 2491 7200 1434666 12838275 12228438 35795559 37448375 -7274794 -270426 125439252 130575506 16977598 18544981 108461654 112030525 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 false 16325610 0 24102117 INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE STUDENTS. 5918431 0 5664670 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. 11098741 11098741 0 SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE. 33342782 true true false false false false true 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 true 1794 0 true 982 true true true false false false false true true false false false 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 X 0 0 0 SUSAN DEVOSS 2 X X 0 0 0 ROBERT SCHAFSTALL 2 X X 0 0 0 BYRON MASON 2 X 0 0 0 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 HOOVER 2 X 0 0 0 JAMES FRISCHE 2 X 0 0 0 STEPHEN HUDDLESTON 2 X 0 0 0 JOHN AULD JR 2 X 0 0 0 MARY ANN COLLIER 2 X 0 0 0 LARRY MASON 2 X 0 0 0 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 0 0 0 WORTHE HOLT JR 2 X 0 0 0 PETER CANGANY 2 X 0 0 0 REINHARD BOCKSTETTE 2 X 0 0 0 CONSTANCE VAN VALER 2 X 0 0 0 WILLIAM BROWN 2 X 0 0 0 PHILIP POWELL 2 X 0 0 0 DEAN ABPLANALP 2 X 0 0 0 CHRISTI FIELDS 2 X 0 0 0 DOUGLAS TILLMAN 2 X 0 0 0 JOHN GRIMMER 2 X 0 0 0 MICHAEL O'DELL 2 X 0 0 0 ROBERT DEVOSS 2 X 0 0 0 DAVID BRAILOW 40 X 121688 0 34382 JAMES MEYER 40 X 137440 0 38192 LISA FEARS 40 X 101950 0 13891 ALAN HILL 40 X 133625 0 41658 JAMES MOSELEY 40 X 238413 0 99317 BRYAN SPETTER 40 X 112500 0 15816 KERRY PRATHER 40 X 91241 0 32887 ELLIS HALL 40 X 101804 0 20423 1038661 0 296566 7 false true false SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1851563 GIBRALTAR DESIGN 9102 N MERIDIAN ST SUITE 300 INDIANAPOLIS IN 46260 CONSTRUCTION DESIGN 189888 BRUSCO LLC 851 OVERSTREET ST FRANKLIN IN 46131 EXCAVATION 162889 SHIEL SEXTON COMPANY INC 902 N CAPITOL AVE INDIANAPOLIS IN 46204 CONSTRUCTION MANAGEMENT 153813 BEMIS GROUP PO BOX 1092 GREENWOOD IN 46142 CONSTRUCTION MANAGEMENT 144288 7 0 0 57600 0 691928 2649191 143445 3398719 TUITION AND FEES 23976699 23976699 0 0 AUXILIARY ENTERPRISES 5664670 5664670 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29641369 1542990 0 -44640 1587630 0 0 0 0 0 0 0 0 49003 0 5895 0 43108 0 43108 0 6331 36777 60986809 0 58548947 0 2437862 0 2437862 0 0 2437862 11440 57600 23932 -12492 0 0 -12492 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 125418 125418 0 0 FITNESS FACILITY 713940 975 0 975 0 0 0 0 0 0 0 0 0 126393 37177949 29766787 -37334 4049777 0 0 11098741 11098741 0 0 0 0 1087149 333400 576600 177149 266029 0 266029 0 10446155 9397732 388421 660002 947855 832704 54309 60842 558356 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62154276 11788638 13389900 36269319 36486349 0 0 0 0 0 0 108461654 112030525 125439252 130575506 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 52935 X X false 69774138 673374 7652516 1122251 3115754 0 73862023 90221640 351726 -16686329 1109140 3003759 0 69774138 0.3417 0.4939 0.1644 false false 5580000 7235078 12815078 0 79598985 38174700 41424285 0 0 0 0 0 16490413 15800095 690318 0 1310277 0 1310277 56239958 0 0 MUTUAL FUNDS, BONDS 1531906 F OPTIONS -25500 F PRIVATE PARTNERSHIPS 9733631 F FUNDS OF HEDGE FUNDS 8607355 F FUND OF FUNDS 6752728 F 26600120 0 FUNDS HELD FOR CAMPUS ORGANIZATIONS 149969 LIABILITIES UNDER CHARITABLE ANNUITY AND UNITRUST AGREEMENTS 854557 CAPITAL LEASE OBLIGATION 335477 ADVANCES FROM FEDERAL AGENCY FOR STUDENT LOANS 1838363 3178366 37177949 37448375 -270426 3839297 0 0 0 0 3839297 3568871 29761992 3839297 0 0 29827 3869124 25892868 189245 11095836 11285081 37177949 26193121 0 0 0 29827 29827 26163294 189245 11095836 11285081 37448375 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. 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 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 ACCOUNT 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, 2010 AND 2009, 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 IN FOR YEARS BEFORE 2007. 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, 2010. Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d RENTAL EXPENSES - 5895; FUNDRAISING EXPENSES - 23932; OTHER - 0; TOTAL - 29827 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b SCHOLARSHIPS - 11095836; OTHER - 0; TOTAL - 11095836 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENTAL EXPENSES - 5895; FUNDRAISING EXPENSES - 23932; OTHER - 0; TOTAL - 29827 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS - 11095836; OTHER - 0; TOTAL - 11095836 true true true FRANKLIN COLLEGE IS COMMITTED TO A POLICY OF NONDISCRIMINATION ON THE BASIS OF AGE, COLOR, DISABILITY, RACE, RELIGION, GENDER, NATIONAL ORIGIN, AND SEXUAL ORIENTATION IN ANY OF ITS PROGRAMS AND OFFERINGS IN COMPLIANCE WITH TITLE IX OF THE FEDERAL EDUCATIONAL AMENDMENTS OF 1972, OF EXECUTIVE ORDER 11246 AND REVISED ORDER NO. 4 OF THE CIVIL RIGHTS ACT OF 1964 AS AMENDED IN 1972 AND SECTION 504 OF THE REHABILITATION ACT OF 1973. FRANKLIN COLLEGE POSTS THE NONDISCRIMINATION POLICY ON ITS WEBSITE ON WEB PAGES DESIGNED FOR PROSPECTIVE STUDENTS AND ADMITTED STUDENTS. true true true true false false false false false false false false true false true EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 171040 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD COURSES 47310 CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 0 0 218350 HUGH ANDREWS MEMORIAL GOLF OUTING 46130 38530 7600 0 4357 12213 0 0 0 TOUCHDOWN CLUB GOLF OUTING 22910 19070 3840 0 2188 5174 0 0 0 69040 57600 11440 0 6545 17387 0 0 0 23932 -12492 true SCHOLARSHIPS 1030 11072916 0 N/A N/A TRAVEL GRANTS 10 25825 0 N/A N/A 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 X false true false false false false false false false DAVID BRAILOW 120800 0 0 0 888 0 16380 0 18002 0 156070 0 0 0 JAMES MEYER 133500 0 0 0 3940 0 18630 0 19562 0 175632 0 0 0 ALAN HILL 130000 0 0 0 3625 0 18630 0 23028 0 175283 0 0 0 JAMES MOSELEY 201665 0 0 0 36748 0 60130 0 39187 0 337730 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 $25,000 DURING THE YEAR ENDED JUNE 30, 2010. INDIANA EDUCATIONAL FACILITIES AUTHORITY 521698917 455048U48 2003-12-03 15000000 EXPANSION OF CAMPUS CENTER AND REFUNDING OF 10/7/1999 BOND ISSUE false false 15005926 0 0 0 246331 0 8843180 2003 true false true true false false false false 0.000 0.000 0.000 true false true false NA 0.0 false NA 0.0 false true FRANKLIN INSURANCE COMPANY OWNED BY TRUSTEE JOHN AULD, JR. 217507 INSURANCE PURCHASED BY FRANKLIN COLLEGE false X 16 143445 MARKET VALUE 0 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a FRANKLIN COLLEGE HAS ACCOUNTS AT BROKERAGE HOUSES INTO WHICH DONORS MAY TRANSFER SECURITIES. EACH OF THESE BROKERAGES ARE INSTRUCTED TO SELL ALL SECURITIES THAT ARE RECEIVED AT THEIR EARLIEST OPPORTUNITY PER FRANKLIN'S GIFT POLICY. NONE OF THESE BROKERAGE HOUSES SOLICIT NON-CASH CONTRIBUTIONS. 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 11A 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 2009. 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. Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION DOES RECEIVE ASSISTANCE FROM A GOVERNMENTAL AGENCY. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT IS RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR ALL EMPLOYEES AND OTHER OFFICERS OF THE COLLEGE. THIS IS DONE ANNUALLY. THE PRESIDENT USES COMPARABILITY DATA TO ESTABLISH THE COMPENSATION. THE DELIBERATION AND DECISIONS ARE DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN IN 2009. ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 5 PROCEEDS USED FOR ISSUANCE COSTS - $191,641 PROCEEDS USED FOR CREDIT ENHANCEMENT - $54,690 TOTAL - $246,331