2011-11-15T07:50:38-06:00 2010-12-31 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2010-01-01 231370501 FRANKLIN INSTITUTE FRAN 2154481200 222 N 20TH STREET PHILADELPHIA PA 19103 LARRY DUBINSKI 2154481200 2011-11-15 1 STEVEN W HIPP CPA 2159798800 2011-11-14 2010 2016-03-07 17:11:31Z DENNIS M WINT 222 N 20TH STREET PHILADELPHIA PA 19103 104359401 0 X WWW.FI.EDU X 1824 PA TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY. 57 56 441 992 284498 0 5984581 6251106 12940265 14826082 528448 2712492 1007463 941250 20460757 24730930 250000 250000 0 0 11799479 12194588 0 42807 1820434 14943256 15587454 26992735 28074849 -6531978 -3343919 139571798 139331228 22542041 24539545 117029757 114791683 X IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY. 0 0 12665058 11041578 MUSEUM ADMISSIONS & OPERATIONS: AS THE MOST VISITED MUSEUM IN THE COMMONWEALTH AND A TOP-FIVE TOURIST DESTINATION IN THE CITY OF PHILADELPHIA, THE FRANKLIN INSTITUTE SERVES AS BOTH A PROMINENT EDUCATIONAL AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2010, THE INSTITUTE WELCOMED 892,000 VISITORS TO THE MUSEUM, INCLUDING 203,000 CHILDREN WHO CAME AS PART OF SCHOOL GROUPS, REPRESENTING EVERY COUNTY IN PENNSYLVANIA. THE FRANKLIN INSTITUTE'S LONGSTANDING REPUTATION HELPS TO ELEVATE THE COMMONWEALTH AND THE CITY OF PHILADELPHIA AS MODELS FOR CULTURAL AND INFORMAL EDUCATION EXCELLENCE.THE SCIENCE CENTER IS THE PUBLIC MUSEUM SPACE THAT WELCOMES VISITORS OF ALL AGES TO EXPLORE SCIENCE IN INTERACTIVE EXHIBITS AND PUBLIC PROGRAMS. THE INSTITUTE REMAINS FULLY COMMITTED TO PROVIDING AN EXCEPTIONAL EXPERIENCE FOR ITS MANY VISITORS AND INCREASING SERVICE TO ITS AUDIENCE. EXTENDING THE INSTITUTION'S MISSION - TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY - TO CHILDREN AND FAMILIES THROUGHOUT GREATER PHILADELPHIA, REGARDLESS OF MEANS, REMAINS AS ALWAYS AT THE HEART OF ITS PRIORITIES. IT DOES SO THROUGH OUTSTANDING EXHIBITS AND MANY EDUCATION AND OUTREACH PROGRAMS, ESPECIALLY THOSE FOR DISADVANTAGED YOUTH AND FAMILIES SUCH AS TARGET COMMUNITY NIGHT, AND THE ACCESS PROGRAM THAT WELCOMES STUDENTS FROM UNDER-RESOURCED SCHOOLS FREE OF CHARGE.THE INSTITUTE OPENED TWO CUTTING-EDGE ONGOING EXHIBITIONS ON MARCH 27, 2010: CHANGING EARTH AND ELECTRICITY. REFLECTING THE MOST UP-TO-DATE ADVANCES IN EXHIBIT DESIGN AND INTERACTIVE EDUCATIONAL TECHNIQUES, CHANGING EARTH AND ELECTRICITY REAFFIRM THE INSTITUTE'S STATUS AS A PLACE OF ENDURING CULTURAL RELEVANCE AND A VENUE FOR GENERATIONS OF FAMILIES, FROM THE PHILADELPHIA REGION AND BEYOND, TO FOSTER INNOVATION, CURIOSITY, AND EMPOWERMENT THROUGH SCIENTIFIC KNOWLEDGE.IN 2010, IT WAS HONORED TO HOST THE WORLD PREMIER OF CLEOPATRA: THE SEARCH FOR THE LAST QUEEN OF EGYPT, AND BODY WORLDS 2 AND THE BRAIN. THE CLEOPATRA EXHIBITION FEATURED NEVER-BEFORE-SEEN ARTIFACTS AND TOOK VISITORS INSIDE THE PRESENT-DAY SEARCH FOR CLEOPATRA.WITH ITS MODERN TECHNOLOGY, THE FELS PLANETARIUM OPENS NEW WORLDS TO HUNDREDS OF THOUSANDS OF VISITORS EVERY YEAR. THE FRANKLIN INSTITUTE'S THREE THEATERS ADDED PROGRAMMING ON DIVERSE TOPICS, INCLUDING CONCURRENT EXHIBITS AND INDEPENDENT EXPERIENCES. THE TUTTLEMAN IMAX(C) LINEUP COMPLEMENTED NEW PERMANENT EXHIBITS WITH ENVIRONMENTALLY ORIENTED FILMS LIKE FORCES OF NATURE, THE FRANKLIN 3-D THEATER BOLSTERED SCHOOL PROGRAM VISITS TO THE CLEOPATRA EXHIBIT WITH A LINE-UP FEATURING EGYPT 3D. 3197264 1977350 MUSEUM PROJECTS THE CENTER FOR INNOVATION IN SCIENCE LEARNING AT TFI DEVELOPS MODEL PROGRAMS IN SCIENCE LEARNING FOR THE K-12 EDUCATION COMMUNITY THAT ARE DELIVERED BOTH INSIDE AND OUTSIDE THE MUSEUM WALLS, AND SERVES AS THE PRIMARY LIAISON WITH THE SCIENCE LEADERSHIP ACADEMY.COMPLETING ITS 18TH YEAR IN 2010, THE PACTS PROGRAM IS ONE OF THE REGION'S OLDEST AND MOST COMPREHENSIVE SCIENCE IMMERSION PROGRAMS FOR DIVERSE URBAN HIGH SCHOOL STUDENTS. FROM CAREERS IN SCIENCE PROGRAMS, SERVING SEVERAL HUNDRED STUDENTS FROM MORE THAN 15 PHILADELPHIA PUBLIC SCHOOLS WITH ACCESS TO STEM PROFESSIONALS AS WELL AS COLLEGE APPLICATION AND FINANCIAL AID COUNSELING, TO ANNUAL ROBOTICS PROGRAMS ATTRACTING MORE THAN 1,000 PARTICIPANTS. PACTS DELIVERS UNIQUE STEM PROGRAMMING TO A DIVERSE AUDIENCE. IN 2010, THE INSTITUTE LAUNCHED THE STEM SCHOLARS PROGRAM, A CONCENTRATED PROGRAM FOR 15 STUDENTS WHO SHOW HIGH INTEREST IN AND APTITUDE FOR STEM FIELDS.THE SCIENCE LEADERSHIP ACADEMY,A MAGNET PUBLIC HIGH SCHOOL CREATED IN PARTNERSHIP WITH THE FRANKLIN INSTITUTE, AND THE INSTITUTE'S COMMITMENT TO SLA IS REFLECTED IN A VARIETY OF SUPPORT PROVIDED, INCLUDING A SCHOLARSHIP FUND ESTABLISHED BY INSTITUTE TRUSTEES: FAMILY MEMBERSHIPS PROVIDED TO ALL SLA STUDENTS AND TEACHERS: THE WEDNESDAYS @ THE FRANKLIN PROGRAM: SLA PARTICIPATION IN THE PACTS PROGRAM: 12-15 INTERNSHIPS AT THE INSTITUTE AS PART OF SLA'S INDIVIDUALIZED LEARNING PROGRAM: AND SLA'S ROLE IN THE FRANKLIN INSTITUTE AWARDS, CAREERS IN SCIENCE, MEET THE SCIENTISTS AND THE MANY SYMPOSIA OFFERED AT THE INSTITUTE.FOR NEARLY TWO CENTURIES THE FRANKLIN INSTITUTE AWARDS PROGRAM HAS RECOGNIZED OUTSTANDING ACHIEVEMENTS IN SCIENCE AND TECHNOLOGY, CELEBRATED THE PURSUIT OF EXCELLENCE, AND PROVIDED DYNAMIC LINKAGES BETWEEN THE INSTITUTE AND THE ACADEMIC, SCIENTIFIC, AND BUSINESS COMMUNITIES. ON APRIL 29, THE SOLD-OUT FRANKLIN INSTITUTE AWARDS CEREMONY AND DINNER WAS THE CULMINATION OF A FULL WEEK OF INSPIRING EVENTS. AWARDS WEEK, WHICH BEGAN THE MONDAY BEFORE THE AWARDS CEREMONY AND DINNER, INCLUDED A SERIES OF PUBLIC SYMPOSIA AND LECTURES THAT PROVIDED OPPORTUNITIES FOR THE INTERNATIONALLY DISTINGUISHED LAUREATES TO SHARE THEIR DISCOVERIES, EXPERIENCES AND VIEWS WITH PUBLIC AUDIENCES. OTHER AWARDS WEEK ACTIVITIES INCLUDED LAUREATES' LABORATORY, A SESSION AT THE INSTITUTE IN WHICH THE LAUREATES PARTICIPATED IN INTERACTIVE DEMONSTRATIONS OF THEIR WORK GEARED TOWARD VISITING STUDENTS; AND THE MEET THE SCIENTISTS PROGRAM, MENTIONED ABOVE, WHICH WAS MODERATED BY STUDENTS FROM THE SLA AND THE INSTITUTE'S PACTS PROGRAMS.ONE HIGHLIGHT OF THIS APRIL'S AWARDS CEREMONY AND DINNER WAS THE CONFERRING OF THE 2010 BOWER AWARD FOR BUSINESS LEADERSHIP TO BILL GATES, CHAIRMAN OF MICROSOFT CORPORATION. MR. GATES RECEIVED THIS HONOR FOR LEADING A COMPANY THAT HAS SHAPED THE CURRENT SOFTWARE INDUSTRY, FOR DEFINING THE WAY THE WORLD INTERACTS WITH PERSONAL COMPUTERS, AND FOR HIS GENEROUS PHILANTHROPY. THE 2010 BOWER AWARD FOR ACHIEVEMENT IN SCIENCE AND ITS ACCOMPANYING $250,000 PRIZE WAS CONFERRED TO RICHARD PELTIER FOR HIS SEMINAL, CROSS-DISCIPLINARY RESEARCH INTO THE PHYSICS OF THE EARTH: COMBINING STUDIES OF THE OCEAN, THE INTERIOR OF THE EARTH, AND THE ATMOSPHERE TO HIGHLIGHT THE LINKS THAT LEAD TO GLOBAL CLIMATE CHANGE.NINE ADDITIONAL SCIENTISTS, EACH OF WHOM REPRESENTS THE PINNACLE OF REVOLUTIONARY ACHIEVEMENT IN THEIR RESPECTIVE FIELDS, JOINED GATES AND PELTIER AS THE 2010 FRANKLIN INSTITUTE LAUREATES. AMONG THESE RECIPIENTS, THE UNIVERSITY OF PENNSYLVANIA'S PETER NOWELL WAS AWARDED THE BENJAMIN FRANKLIN MEDAL IN LIFE SCIENCE FOR DISCOVERING THE ALTERATIONS TO CHROMOSOMES THAT CAN CAUSE CANCER - A MEDICAL MILESTONE THAT NOT ONLY INSPIRED NEW DIRECTIONS OF CANCER RESEARCH, BUT ULTIMATELY LED TO A MEDICINE THAT CURES 95% OF PATIENTS WITH CHRONIC MYELOGENOUS LEUKEMIA. THE ADDITIONAL 2010 FRANKLIN AWARDEES WERE BRIAN SPALDING, JOANNE STUBBE, GERHARD M. SESSLER, JAMES E. WEST, SHAFIRA GOLDWASSSER, J. IGNACIO CIRAC, DAVID WINELAND, AND PETER ZOLLER.THE JOURNAL OF THE FRANKLIN INSTITUTE, THE SECOND OLDEST SCHOLARLY JOURNAL IN CONTINUOUS PUBLICATION IN THE UNITED STATES, HAS INCREASED THE VOLUME OF ARTICLES PER ISSUE, AS WELL AS THE READERSHIP. ALL 184 YEARS OF JOURNALS ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS. 1082329 1522306 EDUCATIONAL PROGRAMS AND SERVICESA KEY PART OF THE VISITOR EXPERIENCE AT THE FRANKLIN INSTITUTE IS SCIENCE PROGRAMMING. DURING THE YEAR, THE INSTITUTE OFFERED SIX DIFFERENT EXPERIENTIAL PACKAGES FOR GRADES 3-12. THE PACKAGES COMBINED A FEATURED EXHIBIT WITH RELATED THEATRE AND WORKSHOP PROGRAMS AND WERE DESIGNED TO SUPPORT NATIONAL SCIENCE EDUCATION STANDARDS. THE INSTITUTE'S WEBSITE CONTINUES TO SERVE AS A POPULAR SOURCE OF COMPLEMENTARY INFORMATION FOR EDUCATORS AND THE GENERAL PUBLIC ALIKE; APPROXIMATELY 12 MILLION PEOPLE VISITED THE WEBSITE IN 2010. 210,000 STUDENTS AND ADULTS FROM CONNECTICUT TO NORTHERN VIRGINIA WERE INSPIRED BY TRAVELING SCIENCE SHOWS PRESENTED IN 500 LOCATIONS. EXTRACURRICULAR ACTIVITES FOR YOUNGSTERS FILLED WEEKENDS AND VACATIONS. DISCOVERY CAMP, SPRING BREAK CAMP AND THE NEW SCHOOL'S CLOSED CAMP WELCOMED OVER 500 YOUNGSTERS AND THE WEEKEND OVERNIGHT CAMP-IN PROGRAM DREW ANOTHER 10,000 YOUNG PEOPLE. 7283233 739944 ANCILLARY ACTIVITIES, DEPRECIATION AND INTEREST NOT INCLUDED ABOVE. 7283233 739944 24227884 1 1 0 1 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 129 0 1 441 1 1 1 0 0 0 0 1 1 0 0 0 0 X 57 56 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ X X SIOBHAN KEEFE 2154481200 222 N 20TH STREET PHILADELPHIA PA 19103 DENNIS M WINT PHD 37.50 X X 374247 0 63208 MARSHA R PERELMAN 1.00 X X 0 0 0 FRANK BALDINO JR PHD 1.00 X 0 0 0 SCOTT A BATTERSBY 1.00 X 0 0 0 DAVID J BERKMAN 1.00 X 0 0 0 WADE H BERRETTINIMDPHD 1.00 X 0 0 0 SUZANNE BODA 1.00 X 0 0 0 RAZA BOKHARI MD 1.00 X 0 0 0 RENEE B BOOTH PHD 1.00 X 0 0 0 DONALD E CALLAGHAN 1.00 X 0 0 0 MICHAEL F CAMARDO 1.00 X 0 0 0 ARTHUR L CAPLAN PHD 1.00 X 0 0 0 ROBERT M CHAPPALEAR 1.00 X 0 0 0 PETER K CLASSEN 1.00 X 0 0 0 I MICHAEL COSLOV 1.00 X 0 0 0 GERALD P CUDDY 1.00 X 0 0 0 KEVIN F DONOHOE 1.00 X 0 0 0 PHILIP J DUNFORD 1.00 X 0 0 0 DANIEL K FITZPATRICK CFA 1.00 X 0 0 0 MICHAEL C FORMAN 1.00 X 0 0 0 JOHN T FRIES 1.00 X 0 0 0 TONI GARRISON 1.00 X 0 0 0 ELIZABETH H GEMMILL 1.00 X 0 0 0 WILLIAM L GRAHAM 1.00 X 0 0 0 GRETE GREENACRE 1.00 X 0 0 0 RICHARD A GREENAWALT 1.00 X 0 0 0 MATTHEW V HAMILTON 1.00 X 0 0 0 PAUL C HEINTZ ESQ 1.00 X 0 0 0 BARBARA S KOWALCZYK 1.00 X 0 0 0 CHARISSE R LILLIE 1.00 X 0 0 0 IRA M LUBERT 1.00 X 0 0 0 MIRIAM G MANDELL 1.00 X 0 0 0 SANDRA G MARSHALL 1.00 X 0 0 0 ROBERT C MCMENAMIN 1.00 X 0 0 0 DONALD R MOREL JR PH D 1.00 X 0 0 0 DENIS P O'BRIEN 1.00 X 0 0 0 HERSHEL J RICHMAN ESQ 1.00 X 0 0 0 JOSEPH W ROGERS 1.00 X 0 0 0 WILLIAM H SHEA JR 1.00 X 0 0 0 ANN R SORGENTI 1.00 X 0 0 0 WILLIAM J STALLKAMP 1.00 X 0 0 0 JOAN N STERN ESQ 1.00 X 0 0 0 JAMES G STEWART 1.00 X 0 0 0 RICHARD VAGUE 1.00 X 0 0 0 TINA WELLS 1.00 X 0 0 0 DAVID R WHITE 1.00 X 0 0 0 PAUL H WOODRUFF PE 1.00 X 0 0 0 HAROLD L YOH 1.00 X 0 0 0 DENNIS ZELENY 1.00 X 0 0 0 WILLIAM J AVERY 1.00 X 0 0 0 HENRY M CHANCE II 1.00 X 0 0 0 JAMES J EBERL PHD 1.00 X 0 0 0 JAMES A UNRUH 1.00 X 0 0 0 ARLENE ACKERMAN PHD 1.00 X 0 0 0 CHRISTINE H BERRETTINI 1.00 X 0 0 0 THE HON DARRELL CLARKE 1.00 X 0 0 0 THE HON MICHAEL NUTTER 1.00 X 0 0 0 THE HONEDWARD GRENDELL 1.00 X 0 0 0 THE HON ANNA C VERNA 1.00 X 0 0 0 STUART PITTEL PHD 1.00 X 0 0 0 RANDY S RONNING 1.00 X 0 0 0 LARRY DUBINSKI 37.50 X 215404 0 34314 JEFFERY W PERKINS 37.50 X 191741 0 22064 FREDERIC MNBERTLEYPHD 37.50 X 149228 0 18415 TROY COLLINS 37.50 X 182743 0 19698 RICHARD D RABENA 37.50 X 144012 0 30145 STEVEN L SNYDER PHD 37.50 X 144885 0 27299 REID O STYLES 37.50 X 139179 0 25170 1541439 0 240313 10 0 1 0 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 MEDIA CONSULTANT & PLACEMENT 1179686 ART GUILD INC 300 WOLF DRIVE WEST DEPTFORD NJ 08086 EXHIBIT FABRICATION 1034842 ABM JANITORIAL LOCK BOX 6626 PO BOX 8500 PHILADELPHIA PA 19178 OUTSOURCED CLEANING 676000 INDEPENDENCE BLUE CROSS PO BOX 70250 PHILADELPHIA PA 191760250 MEDICAL INSURANCE 659494 C ERICKSON & SONS INC 2200 ARCH ST STE 200 PHILADELPHIA PA 19103 CONSTRUCTION CONTRACTOR 534314 20 65588 775580 571835 4838103 474079 6251106 MUSEUM ADMISSIONS 900099 8991786 8991786 ANCILLARY ACTIVITIES 900099 2049792 2049792 MUSEUM PROJECTS 900099 2003327 1977350 25977 EDUCATIONAL PROGRAMS A 611710 1522306 1522306 THEATRES 713990 258521 258521 350 350 14826082 650466 650466 299176 299176 80444849 78382823 2062026 2062026 2062026 269976 775580 367496 -97520 -97520 1617746 878152 739594 739594 24730930 15281178 284498 2914148 250000 250000 1930820 1259929 436350 234541 7471511 6151910 622110 697491 899790 709303 101293 89194 1192793 869071 197770 125952 699674 551552 78765 69357 54570 17940 34135 2495 52750 52750 48814 48814 42807 42807 365618 365618 896411 891754 4657 640377 410897 142267 87213 229716 229381 100 235 649734 649610 124 1978663 1977278 1385 250690 214779 30227 5684 29912 21852 4718 3342 657529 657529 6625704 6625704 428627 318665 109962 MISCELLANEOUS 793481 606003 50965 136513 PROGRAM AND EXHIBIT SU 787454 787454 CONSULTING 415078 329819 65259 20000 CULTIVATION AND FUFLILL 260859 35493 300 225066 EVENT EXPENSES 215657 209696 1323 4638 205810 86647 92195 26968 28074849 24227884 2026531 1820434 9003285 11271436 9689268 6046936 1241935 3548565 283040 233858 533867 683822 125867759 54466294 75086972 71401465 32817151 34065273 10748137 11916819 168143 163054 139571798 139331228 4903107 4618616 1092120 4043535 16546814 15877394 22542041 24539545 X 66865163 64946856 36976986 35488537 13187608 14356290 117029757 114791683 139571798 139331228 X -3343919 1105845 X X 0 1 1 X 1 1 X 14155471 27856397 11287619 5984581 6251106 65535174 14155471 27856397 11287619 5984581 6251106 65535174 3449524 62085650 1174502 1516623 1736140 1170139 949642 6547046 72082220 91158498 0.86130 0.87640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48814 48814 28024899 28073713 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 181775 186688 61073 48814 478350 250000 250000 250000 250000 1000000 1500000 PART IV, SUPPLEMENTAL INFORMATION: DURING 2010, THE FRANKLIN INSTITUTE UTILIZED THE SERVICES OF A FEDERAL LOBBYIST TO SEEK FEDERAL FUNDING FOR THE INSPIRE SCIENCE! CAPITAL CAMPAIGN, AND FROM A PENNSYLVANIA LOBBYIST TO SEEK STATE FUNDING FOR THE INSPIRE SCIENCE! CAPITAL CAMPAIGN AND FOR ONGOING OPERATIONS. X 0 32446228 3177093 1558048 34065273 27441041 7045258 2040071 32446228 39403247 194001 -10509035 1647172 27441041 0.29000 0.07000 0.64000 1 0 12000000 12000000 58668787 22734155 35934632 3034441 1949714 1084727 52164531 29782425 22382106 71401465 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 11916819 F 11916819 24730930 28074849 -3343919 1545157 37636 -476948 1105845 -2238074 27637735 1545157 79500 1282148 2906805 24730930 0 24730930 29398861 41864 1282148 1324012 28074849 0 28074849 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS SUPPORT A VARIETY OF THE FRANKLIN INSTITUTE'S ACTIVITIES BASED UPON ORIGINAL DONOR INTENT. ACTIVITIES SUPPORTED INCLUDE THE FOLLOWING: AWARDS PROGRAM, LIBRARY, CURATORIAL AND COLLECTIONS, MUSEUM PROGRAMS, SUBSIDIZED ADMISSION TO THE SCIENCE MUSEUM AND GENERAL OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2007-2009) OR EXPECTED TO BE TAKEN IN THE INSTITUTE'S 2010 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED LOSS ON INTEREST RATE SWAP -479,519. NET ACTUARIAL GAIN ON DEFINED BENEFIT RETIREMENT PLAN 2,571. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 878,152. FUNDRAISING EVENTS DIRECT EXPENSES 403,996. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 878,152. FUNDRAISING EVENTS DIRECT EXPENSES 403,996. FOOTNOTE TEXT RE: COLLECTION ASSETS - COLLECTION ASSETS OF THE INSTITUTE HAVE NOT BEEN CAPITALIZED OR RECOGNIZED. COLLECTION ITEMS ARE HELD AS HISTORICAL TREASURES AND ARE UNDER THE STEWARDSHIP OF THE INSTITUTE ACTING THROUGH ITS PRESIDENT AND SENIOR CURATOR. DESCRIPTION OF COLLECTION OF ASSETS: THE HISTORICAL AND INTERPRETIVE COLLECTIONS OF THE FRANKLIN INSTITUTE ARE ORGANIZED INTO THREE TYPES OF HOLDINGS: MUSEUM, ARCHIVES AND LIBRARY. THEY EACH PLAY AN INSTRUMENTAL ROLE IN EDUCATIONAL AND PUBLIC PROGRAMMING THROUGH PERMANENT AND TEMPORARY GALLERY EXHIBITIONS; DEVELOPMENT INITIATIVES; OUTREACH, MARKETING, AND PROMOTIONAL ACTIVITIES; AND INTERNET-BASED PRESENTATIONS. FOOTNOTE TEXT RE: INCOME TAX STATUS - THE INSTITUTE HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE CODE") AND HAS BEEN CLASSIFIED AS AN ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. CERTAIN UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAXES. 1 NORTH AMERICA 0 0 FUNDRAISING 0 EUROPE 0 0 FUNDRAISING 0 0 0 0 0 0 0 BOWER PRIZE AWARD NORTH AMERICA 1 250000 CHECK 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE FRANKLIN INSTITUTE AWARDS ONE INDIVIDUAL WITH THE BOWER AWARD AND PRIZE FOR ACHIEVEMENT IN SCIENCE EACH YEAR. THE AWARD WINNER IS CHOSEN BY THE COMMITTEE ON SCIENCE AND THE ARTS, FOLLOWING A FORMAL NOMINATION AND DELIBERATION PERIOD. THE PRIZE MONEY AWARDED IS NOT A GRANT, SO MONITORING THE USE OF FUNDS IS NOT REQUIRED OR APPROPRIATE. X X X X X X X 0 COMNET MARKETING GROUP INC 4547 STOWE AVE MEDFORD OR 97501 RENEWAL OF LAPSED FRANKLIN INSTITUTE MEMBERS VIA TELEPHONE 0 81206 42807 38399 81206 42807 38399 PA NJ FRANKLIN AWARDS 850850 648944 201906 148059 122790 CLEOPATRA GALA 194706 126636 68070 52771 43876 1045556 775580 269976 200830 166666 367496 -97520 1 OTHER INFORMATION: PART IV: THE FRANKLIN INSTITUTE MAKES DE MINIMIS SCHOLARSHIP AND PARTICIPANT SUPPORT/HONORARIA PAYMENTS TO INDIVIDUALS THROUGHOUT ITS NORMAL COURSE OF BUSINESS. NONE OF THESE PAYMENTS EXCEEDS $2,500. PAYMENTS FOR SCHOLARSHIPS ARE MADE TO THE STUDENTS' SCHOOLS DIRECTLY RATHER THAN TO THE INDIVIDUAL, THEREBY ENSURING PROPER USE OF SCHOLARSHIP FUNDS. THE FRANKLIN INSTITUTE DOES NOT ISSUE GRANTS TO INDIVIDUALS OR ORGANIZATIONS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DENNIS M WINT PHD 329102 0 45145 0 0 0 37049 0 26159 0 437455 0 0 0 LARRY DUBINSKI 188660 0 26744 0 0 0 16465 0 17849 0 249718 0 0 0 JEFFERY W PERKINS 166664 0 25077 0 0 0 10120 0 11944 0 213805 0 0 0 FREDERIC MNBERTLEYPHD 141394 0 7834 0 0 0 8496 0 9919 0 167643 0 0 0 TROY COLLINS 166165 0 16578 0 0 0 7846 0 11852 0 202441 0 0 0 RICHARD D RABENA 133121 0 10891 0 0 0 13907 0 16238 0 174157 0 0 0 STEVEN L SNYDER PHD 133616 0 11269 0 0 0 11324 0 15975 0 172184 0 0 0 REID O STYLES 128350 0 10829 0 0 0 15407 0 9763 0 164349 0 0 0 SUPPLEMENTAL INFORMATION PART III DURING 2010, THE FRANKLIN INSTITUTE REIMBURSED THE PRESIDENT AND CEO FOR FINANCIAL PLANNING SERVICES AND PROVIDED MEMBERSHIPS IN THE UNION LEAGUE OF PHILADELPHIA, IN THE CORINTHIAN YACHT CLUB, AND IN THE PHILADELPHIA CLUB FOR THE PRESIDENT AND CEO. NARBERTH BOROUGH INDUSTRIAL DEVELOPMENT AUTHORITY 233077385 2004-01-01 5725000 REFINANCED DEBT, FUNDING FOR PRIOR CAPITAL PROJECTS 0 0 0 PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 717818QG8 2006-01-01 14095000 REFINANCE DEBT, FUNDING FOR PRIOR CAPITAL PROJECTS 0 0 0 5725000 1 0 1 1 14265843 206552 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 CITIZENS BANK 9.000000000000 0 0 0 0 0 1 0 1 BANK OF AMERICA 20.000000000000 0 0 0 0 0 X 21 474079 MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE FRANKLIN INSTITUTE UTILIZES A BROKER TO IMMEDIATELY SELL ANY GIFTS OF SECURITIES UPON RECEIPT OF THE GIFT. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES FRANK BALDINO AND SANDRA BALDINO ARE MARRIED TO EACH OTHER. TRUSTEE ELIZABETH GEMMILL IS THE LEAD DIRECTOR OF BENEFICIAL MUTUAL BANCORP INC; TRUSTEE GERRY CUDDY IS THE CEO OF BENEFICIAL. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DRAFT FORM 990, AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FRANKLIN INSTITUTE BOARD MEMBERS AND SENIOR MANAGEMENT STAFF COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSURE FORM, WHICH INCLUDES ACKNOWLEDGING RECEIPT OF AND FAMILIARITY WITH THE INSTITUTE'S CODE OF CONDUCT AND ETHICS POLICY. IN ADDITION, ALL EMPLOYEES RECEIVE THE CODE OF CONDUCT AND ETHICS POLICY APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEES AND OFFICERS OF THE FRANKLIN INSTITUTE IN 2010 INCLUDED THE FOLLOWING INDIVDUALS: DENNIS WINT, PRESIDENT AND CEO LARRY DUBINSKI, SENIOR VICE PRESIDENT OF EXTERNAL AFFAIRS AND GENERAL COUNSEL JEFFERY PERKINS, SENIOR VICE PRESIDENT OF FINANCE AND ADMINISTRATION TROY COLLINS, SENIOR VICE PRESIDENT OF PROGRAMS, MARKETING AND BUSINESS DEVELOPMENT FREDERIC BERTLEY, VICE PRESIDENT SCIENCE AND INNOVATION RICHARD RABENA, VICE PRESIDENT OF OPERATIONS AND CAPITAL PROJECTS STEVEN SNYDER, VICE PRESIDENT OF EXHIBITS AND PROGRAM DEVELOPMENT REID STYLES, VICE PRESIDENT OF HUMAN RESOURCES MARISA WIGGLESWORTH, VICE PRESIDENT FOR DEVELOPMENT THE PROCESS THE FRANKLIN INSTITUTE USES TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES INCLUDES A COMPLETE REVIEW OF EXECUTIVE COMPENSATION LEVELS BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE FRANKLIN INSTITUTE. THE REVIEW IS BASED ON A MARKET ANALYSIS PREPARED BY MERCER HUMAN RESOURCES CONSULTING USING PUBLISHED COMPENSATION SURVEYS FOR BOTH NOT-FOR-PROFIT AND FOR-PROFIT ORGANIZATIONS COMPARABLE IN SIZE TO THE FRANKLIN INSTITUTE. COMPENSATION DECISIONS ARE MADE ON TWO LEVELS: RECOMMENDATIONS ARE MADE BY THE PRESIDENT AND CEO TO THE COMPENSATION COMMITTEE FOR APPROVAL OF ACTIONS REGARDING THE COMPENSATION OF SENIOR VICE PRESIDENTS. RECOMMENDATIONS ARE MADE BY THE SENIOR VICE PRESIDENTS TO THE PRESIDENT AND CEO FOR APPROVAL REGARDING THE COMPENSATION OF THE VICE PRESIDENTS. THE COMPENSATION COMMITTEE DEVELOPS RECOMMEDATIONS FOR THE PRESIDENT AND CEO'S COMPENSATION AND REFERS ITS RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. THIS PROCESS WAS USED TO REVIEW THE COMPENSATION LEVELS OF ALL EXECUTIVES LISTED ABOVE AND TO SUBSTANTIATE COMPENSATION ACTIONS IN 2010. FORM 990, PART VI, SECTION C, LINE 19 THE FRANKLIN INSTITUTE'S FORM 990 IS POSTED ANNUALLY ON GUIDESTAR.ORG. THE FRANKLIN INSTITUTE PUBLISHES AN ANNUAL REPORT, WHICH INCLUDES THE AUDITED FINANCIAL STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS AND A SUMMARY OF THE AUDITED STATEMENT OF FINANCIAL POSITION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,545,157. DONATED SERVICES AND USE OF FACILITIES: 37,636. NET UNREALIZED LOSS ON INTEREST RATE SWAP -479,519. NET ACTUARIAL GAIN ON DEFINED BENEFIT RETIREMENT PLAN 2,571. TOTAL TO FORM 990, PART XI, LINE 5: 1,105,845. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A SEPARATE AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. BARTOL RESEARCH FOUNDATION C/O THE FRANKLIN INSTITUTE 222 N 20 PHILADELPHIA PA 19103 232482657 INVESTS FUNDS TO SUPPORT BARTOL RESEARCH INSTITUTE AT THE UNIV. OF DELAWARE PA 501(C)(3) 509(A)(3) THE FRANKLIN INSTITUTE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0