Franklin Institute

Organization Overview

Franklin Institute is located in Philadelphia, PA. The organization was established in 1928. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Franklin Institute employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Franklin Institute generated $32.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $25.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

EDUCATIONAL PROGRAMS, SERVICES & GRANTS: COMPLETING ITS 29TH YEAR IN 2021, THE PARTNERS FOR ACHIEVING CAREERS IN TECHNOLOGY AND SCIENCE (PACTS) PROGRAM IS ONE OF THE REGION'S OLDEST AND MOST COMPREHENSIVE SCIENCE IMMERSION PROGRAMS FOR DIVERSE URBAN HIGH SCHOOL STUDENTS. PACTS SERVED 59 STUDENTS FROM AREA PUBLIC SCHOOLS DURING THE 2020-2021 SCHOOL YEAR. IN ITS 21ST YEAR, THE INSTITUTE'S STEM SCHOLARS PROGRAM, A CONCENTRATED PROGRAM OF HIGH SCHOOL STUDENTS WHO SHOW HIGH INTEREST IN AND APTITUDE FOR STEM FIELDS, SERVED 73 STUDENTS. PACTS AND STEM SCHOLARS PROVIDE STUDENTS WITH ACCESS TO STEM PROFESSIONALS, AS WELL AS COLLEGE EDUCATIONAL PROGRAMS AND SERVICES, APPLICATION AND FINANCIAL AID COUNSELING, EXPOSURE TO STEM CAREERS, AND ANNUAL ROBOTICS PROGRAMS. THESE TWO PROGRAMS DELIVER UNIQUE STEM PROGRAMMING TO A DIVERSE AUDIENCE. AS A RESULT OF COVID-19, THE FRANKLIN INSTITUTE CONTINUED ITS VIRTUAL PROGRAMMING. THE FRANKLIN NIGHT SKIES @HOME DIGITAL SERIES GENERATED MORE THAN 167,000 VIEWS. THE FRANKLIN INSTITUTE ALSO DEVELOPS MODEL PROGRAMS IN SCIENCE LEARNING FOR THE K-12 EDUCATION COMMUNITY THAT ARE DELIVERED BOTH INSIDE AND OUTSIDE THE MUSEUM WALLS, INCLUDING SCIENCE IN THE SUMMER AND LEAP INTO SCIENCE WHICH SERVED 26,891 PARTICIPANTS ACROSS 33 STATES.


MUSEUM ADMISSIONS & OPERATIONS: AS THE MOST-VISITED MUSEUM IN THE COMMONWEALTH AND A TOP-FIVE TOURIST DESTINATION IN THE CITY OF PHILADELPHIA, THE FRANKLIN INSITITUTE SERVES AS BOTH A PROMINENT EDUCATION AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2021, THE INSTITUTE WELCOMED 248,000 VISITORS TO THE MUSEUM, INCLUDING 16,317 FREE AND DISCOUNTED VISITS PROVIDED TO UNDERSERVED SCHOOLS AND FAMILIES THROUGH THE ACCESS PROGRAM. THE FRANKLIN INSTITUTE'S LONGSTANDING REPUTATION HELPS TO ELEVATE THE COMMONWEALTH AND THE CITY OF PHILADELPHIA AS MODELS FOR CULTURAL AND INFORMAL EDUCATIONAL EXCELLENCE. THE INSTITUTE 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 INSTITUTE'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 THIS THROUGH OUTSTANDING EXHIBITS AND MANY EDUCATION AND OUTREACH PROGRAMS.


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 196 YEARS OF THE JOURNAL ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS.THE FRANKLIN INSTITUTE, IN PARTNERSHIP WITH THE PHILADELPHIA DEPARTMENT OF PUBLIC HEALTH, RECEIVED AN ASTC/IMLS COMMUNITIES FOR IMMUNITY GRANT TO CREATE SIMPLE, ACCURATE, AND EASY TO UNDERSTAND PRINT MATERIALS IN SEVEN LANGUAGES FOR OUTREACH TO UNDER VACCINATED COMMUNITIES.


INTEREST AND DEPRECIATION EXPENSE NOT INCLUDED ABOVE.INTEREST $372,440DEPRECIATION $4,266,909


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Board, Officers & Key Employees

Name (title)Compensation
Larry Dubinski
President & CEO
$801,673
K Siobhan Keefe
SVP & Chief Financial Offi
$298,927
Darryl Williams
SVP Of Science & Education
$293,637
Richard Rabena
SVP Of Operations
$281,505
Rebekah Sassi
VP External Affairs
$266,378
Abigail Bysshe
VP Of Experiences And Bus.
$244,766

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Abm Industry Groups Llc
Janitorial
$534,574
Mae Daniller & Company
Fundraising
$232,348
B Morrow Productions Llc
Event Production
$735,613
Mayo Seitz Media Inc
Media Consultation & Placement
$609,647
Universal Protection Svc Lp
Security Services
$562,391
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$518,635
Related organizations$0
Government grants $12,483,749
All other contributions, gifts, grants, and similar amounts not included above$8,224,422
Noncash contributions included in lines 1a–1f $1,815,472
Total Revenue from Contributions, Gifts, Grants & Similar$21,226,806
Total Program Service Revenue$7,323,519
Investment income $1,229,377
Tax Exempt Bond Proceeds $0
Royalties $330,394
Net Rental Income $247,657
Net Gain/Loss on Asset Sales $1,654,299
Net Income from Fundraising Events $11,472
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,040,912

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Franklin Institute has recieved totaling $11,773.

Awarding OrganizationAmount
Barbara Brodsky Foundation

Haverford, PA

PURPOSE: TO FURTHER PUBLIC SERVICE

$5,000
Henry Leffmann 45270 Nect

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$3,523
Sickler Foundation

Phoenixville, PA

PURPOSE: GENERAL

$3,000
Henry J Fox Fund

Vienna, VA

PURPOSE: CHARITY

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$62,751,545
Earnings$7,932,333
Net Contributions$94,414
Other Expense$2,003,427
Ending Balance$68,774,865

Peer Organizations

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