FRANKLIN COLLEGE OF INDIANA: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN COLLEGE OF INDIANA (EIN 35-0868086)
Tax period: 2023-07-01 to 2024-06-30
Filed: 2025-03-04
IRS object ID: 202510639349300516
Schema version: 2023v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-03-04T15:28:16+00:00	ReturnTs
Tax Period End	2024-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 West Wacker Drive Suite 2600	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606061224	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350868086	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Franklin College of Indiana	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FRAN	BusinessNameControlTxt
Phone	3177388000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 Branigin Blvd	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Kevin Honigford	PersonNm
Person Title	Vice President and CFO	PersonTitleTxt
Signature	2025-03-04	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jennifer Burke	PreparerPersonNm
PTIN	P01342224	PTIN
Phone	3128997000	PhoneNum
Preparation	2025-03-04	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	Franklin College	BusinessNameLine1Txt

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Kevin Honigford	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 Branigin Blvd	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$72,731,867	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.franklincollege.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1937	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or Mission	Franklin College empowers students through an experiential education, grounded in the liberal arts and sciences, promoting impactful careers and meaningful lives.	ActivityOrMissionDesc
Voting Members Governing Body	33	VotingMembersGoverningBodyCnt
Voting Members Independent	32	VotingMembersIndependentCnt
Total Employee	725	TotalEmployeeCnt
Total Volunteers	75	TotalVolunteersCnt
Total Gross UBI	-$7,275	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$3,574,798	PYContributionsGrantsAmt
CY Contributions Grants	$7,798,446	CYContributionsGrantsAmt
PY Program Service Revenue	$38,613,345	PYProgramServiceRevenueAmt
CY Program Service Revenue	$40,153,527	CYProgramServiceRevenueAmt
PY Investment Income	$2,193,646	PYInvestmentIncomeAmt
CY Investment Income	$5,258,103	CYInvestmentIncomeAmt
PY Other Revenue	$642,771	PYOtherRevenueAmt
CY Other Revenue	$275,299	CYOtherRevenueAmt
PY Total Revenue	$45,024,560	PYTotalRevenueAmt
CY Total Revenue	$53,485,375	CYTotalRevenueAmt
PY Grants And Similar Paid	$19,514,363	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$20,352,831	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$15,617,862	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,310,886	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$106,134	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$190,403	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$1,241,849	CYTotalFundraisingExpenseAmt
PY Other Expenses	$17,130,443	PYOtherExpensesAmt
CY Other Expenses	$17,054,212	CYOtherExpensesAmt
PY Total Expenses	$52,368,802	PYTotalExpensesAmt
CY Total Expenses	$52,908,332	CYTotalExpensesAmt
PY Revenues Less Expenses	-$7,344,242	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$577,043	CYRevenuesLessExpensesAmt
Total Assets BOY	$149,014,659	TotalAssetsBOYAmt
Total Assets EOY	$154,479,400	TotalAssetsEOYAmt
Total Liabilities BOY	$29,356,457	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$30,030,666	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$119,658,202	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$124,448,734	NetAssetsOrFundBalancesEOYAmt
Mission	Franklin College empowers students through an experiential education, grounded in the liberal arts and sciences, promoting impactful careers and meaningful lives.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$20,352,831	ExpenseAmt
Grant	$20,352,831	GrantAmt
Desc	SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$19,841,789	ExpenseAmt
Revenue	$33,621,661	RevenueAmt
Desc	INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE AND GRADUATE STUDENTS.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$7,413,193	ExpenseAmt
Revenue	$6,739,183	RevenueAmt
Desc	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.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$47,607,813	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (true)	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	1395	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	725	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	33	GoverningBodyVotingMembersCnt
Independent Voting Member	32	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (true)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Kevin Honigford	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3177388027	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 BRANIGIN BLVD	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Cathy Dunn
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
David Dunkle
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Deana Haworth
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
James Napolitan
Treasurer	2.0	Yes (X)	Yes (X)	$0	$0	$0
John Auld Jr
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Peter Cangany
Chair of the Board	2.0	Yes (X)	Yes (X)	$0	$0	$0
Robert DeVoss
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Sean Thomasson
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Susan DeVoss
Secretary	2.0	Yes (X)	Yes (X)	$0	$0	$0
Susan Williams
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Theressa Wright
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Todd Bemis
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Worthe Holt Jr
Vice Chair	2.0	Yes (X)	Yes (X)	$0	$0	$0
Amber Elwood
Trustee	2.0	Yes (X)		$0	$0	$0
Bill Cox
Trustee	2.0	Yes (X)		$0	$0	$0
Billie Dragoo
Trustee	2.0	Yes (X)		$0	$0	$0
Brad Rateike
Trustee (Beg DEC 2024)	2.0	Yes (X)		$0	$0	$0
Daniel Hann
Trustee	2.0	Yes (X)		$0	$0	$0
DAVID BYERS
Trustee	2.0	Yes (X)		$0	$0	$0
David Wantz
Trustee	2.0	Yes (X)		$0	$0	$0
Devin Anderson
Trustee	2.0	Yes (X)		$0	$0	$0
Illene Roggensack
Trustee (Beg May 2024)	2.0	Yes (X)		$0	$0	$0
James Due
Trustee	2.0	Yes (X)		$0	$0	$0
John Talley
Trustee	2.0	Yes (X)		$0	$0	$0
Jon Almeras
Trustee	2.0	Yes (X)		$0	$0	$0
JULIE GILMORE
Trustee	2.0	Yes (X)		$0	$0	$0
Katharine Kruse
Trustee	2.0	Yes (X)		$0	$0	$0
Kevin Crowe
Trustee	2.0	Yes (X)		$0	$0	$0
KRISTIN STPIERRE
TRUSTEE	2.0	Yes (X)		$0	$0	$0
Rafael Sanchez Jr
Trustee	2.0	Yes (X)		$0	$0	$0
Randy Stocklin
Trustee (Until February 2024)	2.0	Yes (X)		$0	$0	$0
Robert Brown
Trustee	2.0	Yes (X)		$0	$0	$0
Ron Bowsher
Trustee	2.0	Yes (X)		$0	$0	$0
Yolanda White
Trustee	2.0	Yes (X)		$0	$0	$0
Andrew Hendricks
VP of Enrollment & Marketing	40.0		Yes (X)	$173,688	$0	$32,685
Andrew Jones
Vice President for Student Development & Dean of Students	40.0		Yes (X)	$137,498	$0	$38,041
Dana Cummings
Vice President Development and Alumni Engagement (Until March 2024)	40.0		Yes (X)	$166,130	$0	$40,261
Kerry Prather
President	40.0		Yes (X)	$344,963	$0	$59,763
Kevin Honigford
Vice President and Chief Financial Officer	40.0		Yes (X)	$158,245	$0	$28,982
Kristin Flora
Vice President for Academic Affairs & Dean of the College	40.0		Yes (X)	$151,198	$0	$23,785
Jasmina Cheeseman
Program Director & Assistant Professor	40.0			$137,705	$0	$17,269	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,269,427	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$240,786	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line2ContractorAddress/USAddress/AddressLine2Txt
Eat'n Park Hospitality Group Inc
PO Box 644091	Pittsburgh	PA	15264	Food Service	$2,227,066
Morgan Stanley Global Banking Operations
1300 Thames St Wharf	Baltimore	MD	212319907	Investment Consultant	$310,657	4th Floor
Stratus Building Solutions of Indiana
3105 E 98th St	Carmel	IN	46280	Commercial Cleaning	$279,943	Suite 120
Miller Transportation
111 Outer Loop	Louisville	KY	40214	Transportation Services	$228,092
Koch Mechanical Inc
1100 E O and M Ave	North Vernon	IN	47265	CONSTRUCTION	$191,493

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt
Fundraising	$156,984	FundraisingAmt
Government Grants	$221,099	GovernmentGrantsAmt
All Other Contributions	$7,420,363	AllOtherContributionsAmt
Noncash Contributions	$1,809,967	NoncashContributionsAmt
Total Contributions	$7,798,446	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees	611600	$33,396,598	$33,396,598
Auxiliary Enterprises	611600	$6,703,151	$6,703,151
Conferences-Catering	722320	$43,139	$25,393	$17,746
Bookstore	451211	$10,639	$10,639

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$40,153,527	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,962,740	TotalRevenueColumnAmt
Unrelated Business Revenue	-$25,021	UnrelatedBusinessRevenueAmt
Exclusion	$1,987,761	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$71,424	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$11,158	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$60,266	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$60,266	TotalRevenueColumnAmt
Exclusion	$60,266	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$22,520,667	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$19,225,304	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$3,295,363	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,295,363	TotalRevenueColumnAmt
Exclusion	$3,295,363	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$156,984	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$10,030	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$10,030	TotalRevenueColumnAmt
Exclusion	-$10,030	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	Miscellaneous Income	Desc
Business	900099	BusinessCd
Total Revenue Column	$225,063	TotalRevenueColumnAmt
Related Or Exempt Func Income	$225,063	RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$225,063	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$53,485,375	TotalRevenueColumnAmt
Related Or Exempt Func Income	$40,360,844	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$7,275	UnrelatedBusinessRevenueAmt
Exclusion	$5,333,360	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$20,039,979	TotalAmt
Program Services	$20,039,979	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$312,852	TotalAmt
Program Services	$312,852	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,251,335	TotalAmt
Program Services	$348,304	ProgramServicesAmt
Management And General	$759,272	ManagementAndGeneralAmt
Fundraising	$143,759	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$134,580	TotalAmt
Program Services	$134,580	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$11,419,115	TotalAmt
Program Services	$10,485,607	ProgramServicesAmt
Management And General	$616,778	ManagementAndGeneralAmt
Fundraising	$316,730	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$666,704	TotalAmt
Program Services	$547,895	ProgramServicesAmt
Management And General	$85,154	ManagementAndGeneralAmt
Fundraising	$33,655	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$929,491	TotalAmt
Program Services	$818,987	ProgramServicesAmt
Management And General	$83,879	ManagementAndGeneralAmt
Fundraising	$26,625	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$909,661	TotalAmt
Program Services	$786,936	ProgramServicesAmt
Management And General	$90,541	ManagementAndGeneralAmt
Fundraising	$32,184	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$111,232	TotalAmt
Program Services	$2,382	ProgramServicesAmt
Management And General	$108,850	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$118,840	TotalAmt
Management And General	$118,840	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$190,403	TotalAmt
Fundraising	$190,403	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$319,953	TotalAmt
Management And General	$319,953	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,576,222	TotalAmt
Program Services	$3,362,907	ProgramServicesAmt
Management And General	$123,923	ManagementAndGeneralAmt
Fundraising	$89,392	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$105,707	TotalAmt
Program Services	$72,355	ProgramServicesAmt
Management And General	$10,000	ManagementAndGeneralAmt
Fundraising	$23,352	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$534,205	TotalAmt
Program Services	$349,392	ProgramServicesAmt
Management And General	$80,909	ManagementAndGeneralAmt
Fundraising	$103,904	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$414,024	TotalAmt
Program Services	$351,920	ProgramServicesAmt
Management And General	$62,104	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$247,287	TotalAmt
Program Services	$231,202	ProgramServicesAmt
Management And General	$6,573	ManagementAndGeneralAmt
Fundraising	$9,512	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$247,287	TotalAmt
Program Services	$231,202	ProgramServicesAmt
Management And General	$6,573	ManagementAndGeneralAmt
Fundraising	$9,512	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$240,314	TotalAmt
Management And General	$240,314	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$3,559,044	TotalAmt
Program Services	$3,420,521	ProgramServicesAmt
Management And General	$111,165	ManagementAndGeneralAmt
Fundraising	$27,358	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$494,623	TotalAmt
Program Services	$384	ProgramServicesAmt
Management And General	$494,239	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Plant Operations	$4,706,568	$4,524,516	$146,278	$35,774
Food	$199,173	$167,501	$26,079	$5,593
Equipment & Equipment Rental	$434,493	$387,756	$46,737
PROFESSIONAL EDUCATION AND DUES	$323,264	$173,636	$145,653	$3,975

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,421,976	TotalAmt
Program Services	$856,999	ProgramServicesAmt
Management And General	$374,856	ManagementAndGeneralAmt
Fundraising	$190,121	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,908,332	TotalAmt
Program Services	$47,607,813	ProgramServicesAmt
Management And General	$4,058,670	ManagementAndGeneralAmt
Fundraising	$1,241,849	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$158,971	BOYAmt
EOY	$169,391	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,676,299	BOYAmt
EOY	$4,435,144	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$986,941	BOYAmt
EOY	$3,171,578	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$652,581	BOYAmt
EOY	$449,597	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$168,278	BOYAmt
EOY	$165,109	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$447,623	BOYAmt
EOY	$387,911	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$145,223,912	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$95,822,806	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$51,132,378	BOYAmt
EOY	$49,401,106	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$80,131,212	BOYAmt
EOY	$82,816,266	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$12,062,833	BOYAmt
EOY	$12,998,898	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$385,503	BOYAmt
EOY	$267,203	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$212,040	BOYAmt
EOY	$217,197	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$149,014,659	BOYAmt
EOY	$154,479,400	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,317,559	BOYAmt
EOY	$1,085,955	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$1,657,412	BOYAmt
EOY	$1,436,493	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$19,530,050	BOYAmt
EOY	$18,838,287	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$161,284	BOYAmt
EOY	$173,002	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$5,200,000	BOYAmt
EOY	$6,900,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,490,152	BOYAmt
EOY	$1,596,929	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$29,356,457	BOYAmt
EOY	$30,030,666	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$52,968,848	BOYAmt
EOY	$50,198,054	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$66,689,354	BOYAmt
EOY	$74,250,680	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$119,658,202	BOYAmt
EOY	$124,448,734	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$149,014,659	BOYAmt
EOY	$154,479,400	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$577,043	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$4,213,489	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,720,623	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$10,331,238	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,271,234	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,574,798	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,798,446	CurrentTaxYearAmt
Total	$30,696,339	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,720,623	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$10,331,238	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,271,234	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,574,798	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,798,446	CurrentTaxYearAmt
Total	$30,696,339	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$1,839,440	SubstantialContributorsTotAmt
Public Support Total170	$28,856,899	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,369,337	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,819,294	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,492,033	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,488,968	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,034,164	CurrentTaxYearAmt
Total	$11,203,796	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,410	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$225,063	CurrentTaxYearAmt
Total	$228,473	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$42,128,608	TotalSupportAmt
Gross Receipts Rltd Activities	$191,537,761	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.6850	PublicSupportCY170Pct
Public Support PY170	0.6410	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule A, Part II, Line 10 Other Income	FormAndLineReferenceDesc
Explanation	DESCRIPTION - OTHER INCOME, COLUMN A - 3410.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 225063.0, COLUMN F - 228473.0;	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$2,070	OtherActivitiesAmt
Total Lobbying Expenditures	$2,070	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY	FormAndLineReferenceDesc
Explanation	The College pays membership dues to Independent Colleges of Indiana, of which $2,070 of the funds are used for lobbying.	ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$0	RevenuesIncludedAmt
Assets Included	$52,935	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$94,106,819	BeginningYearBalanceAmt
Contributions	$1,670,909	ContributionsAmt
Investment Earnings Or Losses	$9,012,270	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,380,001	GrantsOrScholarshipsAmt
Other Expenditures	$3,657,466	OtherExpendituresAmt
End Year Balance	$99,752,531	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$87,037,997	BeginningYearBalanceAmt
Contributions	$591,117	ContributionsAmt
Investment Earnings Or Losses	$11,430,132	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,344,417	GrantsOrScholarshipsAmt
Other Expenditures	$3,608,010	OtherExpendituresAmt
End Year Balance	$94,106,819	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$103,629,221	BeginningYearBalanceAmt
Contributions	$219,757	ContributionsAmt
Investment Earnings Or Losses	-$11,152,874	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,607,327	GrantsOrScholarshipsAmt
Other Expenditures	$4,050,780	OtherExpendituresAmt
End Year Balance	$87,037,997	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$83,786,190	BeginningYearBalanceAmt
Contributions	$639,066	ContributionsAmt
Investment Earnings Or Losses	$23,955,026	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,359,815	GrantsOrScholarshipsAmt
Other Expenditures	$3,391,246	OtherExpendituresAmt
End Year Balance	$103,629,221	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$87,386,625	BeginningYearBalanceAmt
Contributions	$392,878	ContributionsAmt
Investment Earnings Or Losses	$908,781	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,427,888	GrantsOrScholarshipsAmt
Other Expenditures	$3,474,206	OtherExpendituresAmt
End Year Balance	$83,786,190	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.343	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.504	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.153	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,998,859	OtherCostOrOtherBasisAmt
Book Value	$8,998,859	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$112,316,278	OtherCostOrOtherBasisAmt
Depreciation	$80,049,897	DepreciationAmt
Book Value	$32,266,381	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$23,855,840	OtherCostOrOtherBasisAmt
Depreciation	$15,772,909	DepreciationAmt
Book Value	$8,082,931	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$52,935	OtherCostOrOtherBasisAmt
Book Value	$52,935	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$49,401,106	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Funds of hedge funds
Real estate and personal property
Private Equity	$12,924,394	F
Private Partnerships	$74,504	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$12,998,898	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
Advances from federal agency for student loans	$83,770
Liabilities under charitable annuity and unitrust agreements	$1,116,147
Capital lease obligation	$397,012

Field	Value	IRS element (for citing)
Total Liability	$1,596,929	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$37,047,268	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$4,213,489	NetUnrealizedGainsInvstAmt
Other Revenue	$21,188	OtherRevenueAmt
Revenue Not Reported	$4,234,677	RevenueNotReportedAmt
Revenue Subtotal	$32,812,591	RevenueSubtotalAmt
Investment Expenses Not Incld	$319,953	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$20,352,831	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$20,672,784	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$53,485,375	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$32,256,736	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$21,188	OtherExpensesIncludedAmt
Expenses Not Reported	$21,188	ExpensesNotReportedAmt
Expenses Subtotal	$32,235,548	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$319,953	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$20,352,831	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$20,672,784	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$52,908,332	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collections	Collections from various scholars, dignitaries, and artists enhance the intellectual atmosphere on campus.
Schedule D, Part IV, Line 2b Explanation of escrow agreement	The College holds cash for student campus organizations, which are funded by an Activity Fee on student's tuition statements.
Schedule D, Part V, Line 4 Intended uses of endowment funds	The endowment provides support for the operation of the college and helps the college fulfill its mission by providing scholarships and faculty support.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	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, 2024 and 2023, 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 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, 2024 or 2023.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	RENT EXPENSE - 11158 FUNDRAISING EXPENSE - 10030
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	SCHOLARSHIPS - 20352831
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	RENT EXPENSE - 11158 FUNDRAISING EXPENSE - 10030
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	SCHOLARSHIPS - 20352831

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY

Franklin College is committed to the principle and practice of equal opportunity for all its students, faculty, employees and applicants for admission and employment. For that reason, the college provides equal employment opportunities to all of its employees and applicants on the basis of merit and without regard to the individual's race, color, religion, gender, disability, age, national origin, marital status, or sexual orientation in accordance with state and federal laws and any other characteristic protected by law. The college prohibits, forbids, and will not tolerate any verbal, physical or other conduct that belittles or demeans any individual on the basis of the above-listed statuses. All employees, managers, supervisors and job applicants are covered by this commitment. No person or employee, no matter what his or her title or position, has the authority expressed, actual, apparent or implied to discriminate against any employee of the college. This policy applies to all terms and conditions of employment, admission to and enrollment in Franklin College, including, but not limited to, recruitment, selection, hiring, benefits, educational policies, admission policies, financial aid, scholarship and loan programs, housing athletic and other college-administered programs and activities. Franklin College posts the nondiscrimination policy on its website.

Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT

The organization receives Pell Grants, SEOG, and Work Study funds from the federal government. The organization also receives funds from the State of Indiana which include 21st Century, Freedom of Choice, and other Hoosier scholarships and/or grants.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)	Program Services	STUDY ABROAD	$189,770
Central America and the Caribbean	Program Services	Study Abroad	$44,000
Central America and the Caribbean	Investments		$14,017,483
Europe (Including Iceland and Greenland)	Investments		$780,153
East Asia and the Pacific	Program Services	STUDY ABROAD	$53,662

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$15,085,068	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$15,085,068	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
Scholarships and Grants	Europe (Including Iceland and Greenland)	1	$28,640	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	North America (Canada & Mexico only)	1	$28,662	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	South America	6	$149,960	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	Sub-Saharan Africa	3	$91,270	STUDENT ACCOUNT CREDIT	$0	N/A	FMV
Scholarships and Grants	Middle East and North Africa	1	$14,320	STUDENT ACCOUNT CREDIT	$0	N/A	FMV

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds	The Financial Aid Office and 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.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statements	EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SUB-SAHARAN AFRICA -Accrual

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Special Fundraising Events	Yes (X)	SpecialFundraisingEventsInd
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	ActivityActivityTxt	Fundraiser Control Of FundsFundraiserControlOfFundsInd	Gross ReceiptsGrossReceiptsAmt	Retained By ContractorRetainedByContractorAmt	Net To OrganizationNetToOrganizationAmt
Thomas P Miller & Associates LLC
1630 N Meridian St Suite 430	Indianapolis	IN	46202	Grant Consultant	false	$500,000	$74,500	$425,500
Johnson Grossnickle & Associates
29 S Park Blvd	Greenwood	IN	46143	Fundraising Consultant	false	$0	$48,803	-$48,803
McAllister & Quinn LLC
1625 Eye St NW Suite 750	Washington	DC	20006	Grant Consultant	false	$0	$67,100	-$67,100

Field	Value	IRS element (for citing)
Total Gross Receipts	$500,000	TotalGrossReceiptsAmt
Total Retained By Contractors	$190,403	TotalRetainedByContractorsAmt
Total Net To Organization	$309,597	TotalNetToOrganizationAmt
Licensed States	IN	LicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	GRIZ TUESDAY	Event1Nm
Gross Receipts Event1	$156,984	GrossReceiptsEvent1Amt
Charitable Contri Event1	$156,984	CharitableContriEvent1Amt
Gross Revenue Event1	$0	GrossRevenueEvent1Amt
Other Direct Expenses Event1	$10,030	OtherDirectExpensesEvent1Amt
Gross Revenue Event2	$0	GrossRevenueEvent2Amt
Gross Revenue Other Events	$0	GrossRevenueOtherEventsAmt
Gross Receipts Total	$156,984	GrossReceiptsTotalAmt
Charitable Contributions Tot	$156,984	CharitableContributionsTotAmt
Gross Revenue Total Events	$0	GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events	$10,030	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$10,030	DirectExpenseSummaryEventsAmt
Net Income Summary	-$10,030	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	859	RecipientCnt
Cash Grant	$20,039,979	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	The Financial Aid Office and 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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	false	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Kerry Prather
President	$304,460	$0	$27,000	$0	$13,503	$0	$33,000	$0	$26,763	$0	$404,726	$0	$0	$0
Dana Cummings
Vice President Development and Alumni Engagement (Until March 2024)	$165,680	$0	$0	$0	$450	$0	$18,020	$0	$22,241	$0	$206,391	$0	$0	$0
Andrew Hendricks
VP of Enrollment & Marketing	$172,575	$0	$0	$0	$1,113	$0	$17,318	$0	$15,367	$0	$206,373	$0	$0	$0
Kevin Honigford
Vice President and Chief Financial Officer	$157,795	$0	$0	$0	$450	$0	$16,500	$0	$12,482	$0	$187,227	$0	$0	$0
Andrew Jones
Vice President for Student Development & Dean of Students	$137,498	$0	$0	$0	$0	$0	$15,000	$0	$23,041	$0	$175,539	$0	$0	$0
Kristin Flora
Vice President for Academic Affairs & Dean of the College	$150,598	$0	$0	$0	$600	$0	$15,500	$0	$8,285	$0	$174,983	$0	$0	$0
Jasmina Cheeseman
Program Director & Assistant Professor	$137,705	$0	$0	$0	$0	$0	$11,971	$0	$5,298	$0	$154,974	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a Travel for companions	Travel expenses for the President's spouse are paid by the College when accompanying him during travel. The spouse is expected to be in attendance for fundraising events, meetings with trustees, and various meetings. This is not treated as taxable compensation.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	Club dues are paid for the President. All are treated as taxable compensation and appear on the Forms W-2 for these individuals.
Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses	The Board of Trustees determines eligibility for these benefits for the President. The President approves reimbursement for all other staff/faculty positions.
Schedule J, Part I, Line 7 Non-fixed payments	The President received incentive compensation for performance. The payment amount was designated by the Board.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	Indiana Finance Authority	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Bond Issuer EIN	351602316	BondIssuerEIN
CUSIP	000000000	CUSIPNum
Bond Issued	2017-06-08	BondIssuedDt
Issue Price	$17,000,000	IssuePriceAmt
Purpose	Construction, renovation, expansion of Science Center and refunding the Series 2003 Bond (12/3/2003)	PurposeDesc
Defeased	false	DefeasedInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Pool Financing	false	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$1,375,000	RetiredAmt
Bond Defeased	$0	BondDefeasedAmt
Total Proceeds	$17,040,825	TotalProceedsAmt
In Reserve Fund	$0	InReserveFundAmt
Capitalized Interest	$0	CapitalizedInterestAmt
Refunding Escrow	$0	RefundingEscrowAmt
Issuance Costs From Proceeds	$0	IssuanceCostsFromProceedsAmt
Credit Enhancement	$0	CreditEnhancementAmt
Working Capital Expenditures	$0	WorkingCapitalExpendituresAmt
Capital Expenditures	$11,140,825	CapitalExpendituresAmt
Other Spent Proceeds	$5,900,000	OtherSpentProceedsAmt
Substantial Completion	2019	SubstantialCompletionYr
Refunding Tax Exempt Bonds	Yes (true)	RefundingTaxExemptBondsInd
Refunding Taxable Bonds	false	RefundingTaxableBondsInd
Final Allocation Made	Yes (true)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (true)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	false	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	Yes (true)	MgmtContractBondFincdPropInd
Engage Bond Counsel Contracts	Yes (true)	EngageBondCounselContractsInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0.0	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.0	PrivateBusConcerningUBIPct
Total Private Business Use	0.0	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	false	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	false	Form8038TFiledInd
Rebate Not Due Yet	false	RebateNotDueYetInd
Exception To Rebate	false	ExceptionToRebateInd
No Rebate Due	Yes (true)	NoRebateDueInd
Variable Rate Issue	Yes (true)	VariableRateIssueInd
Hedge Identified In Bks And Rec	false	HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGICInd
Gross Proceeds Invested	false	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (true)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (true)	ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule K, Part II, Line 3 Total Proceeds of Issue	TOTAL PROCEEDS OF ISSUE (6/8/2017) DOES NOT MATCH ISSUE PRICE BECAUSE THERE WERE $40,825 IN INVESTMENT EARNINGS.
Schedule K, Part IV, Line 2c COLUMN A	Issuer name: Indiana Finance Authority The calculation for computing no rebate due was performed on 01/06/2023

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
SEE PART V
SEE PART V	$15,150	Tuition Remission	Student Financial Assistance
SEE PART V
SEE PART V	$11,250	Merit Based Scholarship	Student Financial Assistance

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Cynthia Prather
Family member of officer	$35,000	Compensation	false
Anne E Kruse
Family member of trusteee	$53,583	Compensation	false
Madisyn T Hendricks
Family member of officer	$45,997	Compensation	false

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part III GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS	FormAndLineReferenceDesc
Explanation	PER IRS INSTRUCTIONS, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST, IN PART III, GROUP EACH TYPE OF FINANCIAL ASSISTANCE (FOR EXAMPLE, NEED-BASED SCHOLARSHIPS, MERIT SCHOLARSHIPS, DISCOUNTED TUITION) PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL SHOULD REPORT IN COLUMN (C) THE AGGREGATE DOLLAR AMOUNT OF EACH TYPE OF ASSISTANCE, THE TYPE OF ASSISTANCE IN COLUMN (D), AND THE PURPOSE OF THE ASSISTANCE IN COLUMN (E), UNLESS SUCH REPORTING WOULD BE AN UNAUTHORIZED DISCLOSURE OF STUDENT EDUCATION RECORDS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). COLUMNS (A) AND (B) SHOULD BE LEFT BLANK FOR THESE LINES.	ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	13	ContributionCnt
Noncash Contributions Rpt F990	$1,783,827	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Supplies	9	$3,640	Market value
Yes (X)	Equipment	1	$22,500	Market value

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule M, Part I Explanations of reporting method for number of contributions	FormAndLineReferenceDesc
Explanation	Securities - Publicly traded - The number of contributions Received Other - Supplies The number of contributions received Other - Equipment The number of contributions received	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS	THE PRESIDENT IS RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR ALL EMPLOYEES AND OTHER OFFICERS OF THE COLLEGE. ON OCCASION, THE PRESIDENT USES COMPARABILITY DATA FROM THE INDEPENDENT COLLEGES OF INDIANA, CUPA, AND SALARY SURVEYS TO DETERMINE COMPENSATION AS NEEDED. THIS PROCESS IS COMPLETED ANNUALLY AND WAS LAST UNDERTAKEN IN 2024.
Form 990, Part VI, Line 1a Delegate broad authority to a committee	The Executive Committee shall be composed of the Chairman, the immediate past chairman, the ten Vice-Chairs, the Secretary, and the Treasurer, all ex officio with vote. The President shall be a member ex officio without vote. The Chairman of the Board shall serve as Chairman of the Executive Committee. At the call of the Chairman, the committee shall meet between regular meetings of the Board for the purpose of expediting orders of the Board of Trustees and overseeing the approved program and development of the College. The Executive Committee shall have and may exercise, during the intervals between the meetings of the Board of Trustees, all powers vested in the Board of Trustees, but actions taken by the executive committee may be subject to review.
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons	SUSAN DEVOSS AND ROBERT DEVOSS - Family relationship
Form 990, Part VI, Line 4 Significant changes to organizational documents	THE BY-LAWS WERE REVISED IN SEPTEMBER 2023 TO ALLOW FOR ELECTRONIC VOTING BETWEEN REGULAR MEETINGS FOR THE ELECTION OF A BOARD MEMBER AND RESTRUCTURING OF COMMITTEES.
Form 990, Part VI, Line 11b Review of form 990 by governing body	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.
Form 990, Part VI, Line 12c Conflict of interest policy	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 Board member 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.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	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 2024.
Form 990, Part VI, Line 19 Required documents available to the public	AN ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	CHARITABLE REMAINDER TRUSTS (4)	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 Branigin Blvd	AddressLine1Txt
City	Franklin	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46131	ZIPCd

Field	Value	IRS element (for citing)
Primary Activities	CHARITABLE REMAINDER TRUST	PrimaryActivitiesTxt
Legal Domicile State	IN	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	na	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	Trust	EntityTypeTxt
Controlled Organization	false	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule R, Part IV, Column (c) STATE OF LEGAL DOMICILE	FormAndLineReferenceDesc
Explanation	INDIANA - 3 WASHINGTON - 1	ExplanationTxt