Franklin University
- Assets
- $146.3m
- Revenue
- $78.0m
- Investments
- $17.4m
- Employees
- 1,294
- Location
- Columbus, OH
- Founding
- 06/1966
- Data as of
- 07/2021
- EIN
- 31-0707369
Organization Overview
Franklin University is located in Columbus, OH. The organization was established in 1966. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2021, Franklin University employed 1,294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin University 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 07/2021, Franklin University generated $78.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $72.6m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRANKLIN UNIVERSITY IS A STUDENT-CENTERED, NONPROFIT, INDEPENDENT INSTITUTION PROVIDING HIGH QUALITY, RELEVANT EDUCATION TO ENABLE THE BROADEST POSSIBLE COMMUNITY OF LEARNERS TO ACHIEVE THEIR GOALS AND ENRICH THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRANKLIN UNIVERSITY SERVED 7,637 UNIQUE STUDENTS IN THE 2020-21 ACADEMIC YEAR, GRANTING 121 ASSOCIATE'S DEGREES, 1001 BACHELOR'S DEGREES, 627 MASTER'S DEGREES, 28 DOCTORAL DEGREES, AND 9 GRADUATE CERTIFICATES. FRANKLIN HAS A TOTAL OF 126 ACADEMIC PROGRAM OFFERINGS (91 UNDERGRADUATE, 3 UNDERGRADUATE CERTIFICATES, 21 GRADUATE, 5 DOCTORATE, AND 6 GRADUATE CERTIFICATES). GLOBALLY, FRANKLIN OFFERS ITS MBA AND UNDERGRADUATE PROGRAMS TO STUDENTS THROUGH INTERNATIONAL PARTNERSHIPS.
THE FRANKLIN UNIVERSITY MISSION INCLUDES PROVIDING HIGH QUALITY, RELEVANT EDUCATION TO ENABLE THE BROADEST POSSIBLE COMMUNITY OF LEARNERS TO ACHIEVE THEIR GOALS AND ENRICH THE WORLD. TO FURTHER THIS GOAL, FRANKLIN OFFERS PROGRAM DESIGN AND DEVELOPMENT SERVICES TO HIGHER EDUCATION INSTITUTIONS SEEKING TO EXPAND AND IMPROVE THE QUALITY OF THEIR OWN PROGRAM OFFERINGS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David R Decker President | Officer | 55 | $812,107 |
Dr Christopher Washington Provost And Svp-Academic Affairs | Officer | 50 | $326,427 |
Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives | Officer | 40 | $321,689 |
Dr Marv Briskey Treasurer/svp-Chief Financial Officer | Officer | 40 | $297,240 |
Christi Farley-Cabungcal Chief Of Staff & SVP Administration | Officer | 40 | $296,510 |
Rick Sunderman SVP And Chief Information Officer | Officer | 40 | $282,773 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Advertising | 7/30/21 | $4,427,504 |
Mbs Direct Llc Digital Textbooks And Course Materials | 7/30/21 | $925,080 |
Facebook Inc Digital Advertising | 7/30/21 | $476,153 |
Mediassociates Inc Advertising | 7/30/21 | $2,622,961 |
Advantage Media & Digital Llc Advertising | 7/30/21 | $979,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,170,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,426,135 |
| Total Program Service Revenue | $59,314,547 |
| Investment income | $1,545,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$94,472 |
| Net Gain/Loss on Asset Sales | $10,148,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,032,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,295,761 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,897,020 |
| Compensation of current officers, directors, key employees. | $1,070,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,275,226 |
| Pension plan accruals and contributions | $2,660,873 |
| Other employee benefits | $4,228,607 |
| Payroll taxes | $2,440,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $265,333 |
| Fees for services: Accounting | $144,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $708,970 |
| Fees for services: Other | $1,982,798 |
| Advertising and promotion | $8,853,769 |
| Office expenses | $2,153,320 |
| Information technology | $1,438,069 |
| Royalties | $0 |
| Occupancy | $2,006,965 |
| Travel | $40,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,202 |
| Interest | $328,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,951,722 |
| Insurance | $178,177 |
| All other expenses | $406,554 |
| Total functional expenses | $72,598,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,948,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $223,586 |
| Accounts receivable, net | $2,350,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,066,336 |
| Net Land, buildings, and equipment | $27,847,064 |
| Investments—publicly traded securities | $91,586,145 |
| Investments—other securities | $17,441,351 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,881,001 |
| Total assets | $146,345,145 |
| Accounts payable and accrued expenses | $6,571,572 |
| Grants payable | $0 |
| Deferred revenue | $2,204,578 |
| Tax-exempt bond liabilities | $13,881,721 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,657,871 |
| Net assets without donor restrictions | $114,751,503 |
| Net assets with donor restrictions | $8,935,771 |
| 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 | $146,345,145 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franklin University has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mary And George Herbert Zimmerman Foundation Troy, MI PURPOSE: EDUCATIONAL | $1,000 |
Endowment Analysis
| Beg. Balance | $8,290,068 |
| Earnings | $1,717,298 |
| Net Contributions | $12,106 |
| Grants | $59,985 |
| Ending Balance | $9,959,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |
University Of The Arts Philadelphia, PA | $189,935,840 | $110,070,964 |
Otterbein University Westerville, OH | $236,973,881 | $106,500,900 |
University Of Evansville Evansville, IN | $383,851,853 | $114,850,213 |
Kings College Wilkesbarre, PA | $274,438,730 | $118,353,435 |