Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1934.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
54 people listed on the 990; $4.1M paid to officers and key staff.
Barbara K Altmann PHD’s $723K as President is at the 62nd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Barbara K Altmann PHD | $723,111 | $681,679 | $679,845 | $503,388 | $536,449 | $502,465 |
| Matthew K Eynon | — | — | $250,520 | $331,959 | $355,375 | $383,831 |
| Paul M Mutone | — | — | — | — | $195,815 | $359,314 |
| Michael J Todd | — | — | $191,460 | $320,659 | $164,557 | — |
| Mary Osirim | $319,550 | $308,623 | — | — | — | — |
| Shawn P Curtin | $313,898 | $129,772 | — | — | — | — |
| Cynthia Gorman | $309,431 | $302,125 | $240,713 | $204,589 | $218,859 | $204,593 |
| Cameron B Wesson | — | $167,411 | $305,422 | $280,043 | $280,900 | $106,852 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides a residential undergraduate liberal arts education, combining rigorous academics with diverse student leadership opportunities, clubs, and varsity sports to foster community.
Questions for Franklin & Marshall College
Your first name shows with your question. Franklin & Marshall College answers here, for everyone.
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Financial Aid
The college commits to meeting 100% of every student's institutionally determined financial need for all four years of their education. The college provides financial aid to 86% of our students, allowing the college to recruit extraordinary talent from all backgrounds.
Student and Auxiliary Services
F&M is a residential campus that holistically supports student growth and success. The student support hub brings together the majority of the college's student support services, including the writing center, quantitative and science center, dipcares wellness program, first-year advising mentors, international and multilingual support…
Instruction
Through a distinctively experiential liberal arts model, F&M offers 52 fields of study in a supportive, dynamic environment. With a 9:1 student to faculty ratio, the college's 1,857 full-time, undergraduate students have the opportunity to collaborate directly with F&M'S distinguished faculty, who earn numerous national and international…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
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| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $18.7M | $22.4M |
| InvestmentsLn 11–13 | $495.6M | $530.0M |
| Land, buildings, equipmentLn 10c | $305.9M | $302.2M |
| Total assetsLn 16 | $855.8M | $886.5M |
| LiabilitiesLn 26 | $195.1M | $191.3M |
| Net assetsLn 32 | $660.7M | $695.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $159K | $159K | ||
| Grants to domestic individualsLn 2 | $53.0M | $53.0M | ||
| Grants and assistance to foreign recipientsLn 3 | $10.8M | $10.8M | ||
| Pay of current officers, directors and key staffLn 5 | $4.0M | $1.3M | $2.1M | $693K |
| Other salaries and wagesLn 7 | $50.3M | $35.1M | $12.9M | $2.3M |
| Pension plan contributionsLn 8 | $3.8M | $2.7M | $953K | $163K |
| Other employee benefitsLn 9 | $8.2M | $5.6M | $2.2M | $447K |
| Payroll taxesLn 10 | $3.7M | $2.5M | $967K | $183K |
| Legal feesLn 11b | $277K | $13K | $264K | |
| Accounting feesLn 11c | $212K | $212K | ||
| Investment management feesLn 11f | $2.0M | $2.0M | ||
| Other fees for servicesLn 11g | $14.0M | $11.5M | $2.1M | $453K |
| Advertising and promotionLn 12 | $181K | $165K | $15K | $1K |
| Office expensesLn 13 | $4.2M | $2.6M | $1.3M | $275K |
| Information technologyLn 14 | $2.1M | $362K | $1.6M | $94K |
| OccupancyLn 16 | $5.1M | $3.0M | $2.0M | $78K |
| TravelLn 17 | $2.5M | $2.3M | $117K | $107K |
| Conferences, conventions and meetingsLn 19 | $210K | $165K | $45K | $644 |
| InterestLn 20 | $4.2M | $120K | $4.1M | |
| Depreciation, depletion and amortizationLn 22 | $12.2M | $8.2M | $3.3M | $655K |
| InsuranceLn 23 | $1.4M | $290 | $1.4M | |
| Other expenses (24a–d)Ln 24 | $10.3M | $6.5M | $3.6M | $170K |
| All other expensesLn 24e | $1.9M | $1.3M | $499K | $104K |
| Total functional expensesLn 25 | $194.7M | $147.4M | $41.6M | $5.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $199.4M | $194.7M | $4.8M | $695.2M | 990 PDF |
| FY2024 | $201.4M | $193.5M | $7.9M | $660.7M | 990 PDF |
| FY2023 | $187.0M | $189.9M | −$3.0M | $622.9M | 990 PDF |
| FY2022 | $196.1M | $189.9M | $6.2M | $609.1M | 990 PDF |
| FY2021 | $209.5M | $190.2M | $19.3M | $671.2M | 990 PDF |
| FY2020 | $176.4M | $194.0M | −$17.6M | $546.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $199,432,384 revenue, 12 lines filed
Part VI · Governance 35 of 36 board members independent, no flags
Part VIII · Statement of revenue $199,432,384 across 11 lines filed
Part IX · Statement of functional expenses $194,655,254 across 23 lines filed
Part X · Balance sheet $886,546,793 assets, 19 lines filed
Part XI · Reconciliation of net assets $695,198,569 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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