Franklin University Switzerland Inc
- Assets
- $58.1m
- Revenue
- $26.2m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 12/1971
- Data as of
- 06/2023
- EIN
- 23-7075717
Organization Overview
Franklin University Switzerland Inc is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Franklin University Switzerland Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin University Switzerland Inc 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 06/2023, Franklin University Switzerland Inc generated $26.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $25.5m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRANKLIN UNIVERSITY IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE AN EDUCATION ON AN INTERNATIONAL BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF AN ACCREDITED UNIVERSITY WITH AN AVERAGE ENROLLENT OF 361 UNDERGRADUATE STUDENTS AND 5 GRADUATE STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Totals | 0 | $1,009,418 | |
Kim Hildebrant Chairman | Trustee | 0 | $0 |
Dr Fulvio Pelli Trustee | Trustee | 1 | $0 |
Denise H Alfeld Trustee | Trustee | 0 | $0 |
Laurent Belet Trustee | Trustee | 0 | $0 |
Jennifer H Berg Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Afry Svizzera Engineering | 6/29/23 | $145,878 |
Bollinger & Tanzi Sa Transportation | 6/29/23 | $100,628 |
Electric Claudio Merlo Electrical | 6/29/23 | $131,337 |
Fiumi Studios Sagl Promotional | 6/29/23 | $569,234 |
Giovanni Quadri Sa Construction | 6/29/23 | $5,025,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,419,871 |
| Noncash contributions included in lines 1a–1f | $131,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,419,871 |
| Total Program Service Revenue | $22,297,337 |
| Investment income | $177,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,209 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,946 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,231,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,147,722 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,009,418 |
| Compensation of current officers, directors, key employees. | $1,009,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,227,796 |
| Pension plan accruals and contributions | $213,413 |
| Other employee benefits | $133,824 |
| Payroll taxes | $606,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,490 |
| Fees for services: Accounting | $210,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,074,666 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,757,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $591,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,348,599 |
| Insurance | $135,291 |
| All other expenses | $1,106,502 |
| Total functional expenses | $25,492,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,910,347 |
| Savings and temporary cash investments | $1,581,013 |
| Pledges and grants receivable | $31,874 |
| Accounts receivable, net | $90,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,571 |
| Prepaid expenses and deferred charges | $744,337 |
| Net Land, buildings, and equipment | $22,995,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,658,295 |
| Total assets | $58,082,755 |
| Accounts payable and accrued expenses | $398,517 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,707,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,289,607 |
| Total liabilities | $46,395,962 |
| Net assets without donor restrictions | $3,792,379 |
| Net assets with donor restrictions | $7,894,414 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,082,755 |