Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
35 people listed on the 990; $4.9M paid to officers and key staff.
Part VII, Section A · reportable compensation
President
$956,585Pt VII · Sec A
Chief of Staff & SVP Administration
$388,867Pt VII · Sec A
Provost and Svp-Academic Affairs
$381,590Pt VII · Sec A
SVP Global Programs & Strategic Initiatives
$375,861Pt VII · Sec A
Treasurer/Svp-Chief Financial Officer
$347,463Pt VII · Sec A
SVP and Chief Information Officer
$347,222Pt VII · Sec A
Vp-Student Affairs
$320,480Pt VII · Sec A
Vp-Strategic Alliances
$319,617Pt VII · Sec A
Vp-Campus Services
$290,666Pt VII · Sec A
VP Operations, Franklin Learning Solutions
$258,111Pt VII · Sec A
Vp-Financial Services
$252,647Pt VII · Sec A
Dean Doctoral Studies and Academic Research
$213,845Pt VII · Sec A
Dean, College of Business
$207,053Pt VII · Sec A
Dean, College of Health
$205,038Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr David R Decker | $956,585 | $1,378,789 | $988,171 | $819,583 | $812,107 | $812,107 |
| Christi Farley-Cabungcal | $388,867 | $368,944 | $308,637 | $293,429 | $296,510 | $296,510 |
| Dr Christopher Washington | $381,590 | $369,620 | $331,999 | $323,958 | $326,427 | $326,427 |
| Dr Godfrey Mendes | $375,861 | $364,133 | $326,609 | $318,176 | $321,689 | $321,689 |
| Linda Steele | — | — | — | — | — | $367,095 |
| Dr Marv Briskey | $347,463 | $337,349 | $294,519 | $296,929 | $297,240 | $297,240 |
| Rick Sunderman | $347,222 | $336,320 | $311,666 | $299,314 | $282,773 | $282,773 |
| Dr Lynnette Rouzer | $320,480 | $300,403 | $242,263 | $250,352 | — | — |
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.
See Franklin University executive salaries →Are you one of these people? Claim this org to confirm your role
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 high-quality, relevant education to help diverse learners achieve goals and enrich the world.
Provided by the organization
This section is blank until Franklin University claims this page.
Know this organization? Claim it to add your story
1 program service account for $83.5M of program spending, described in the organization's own filed words · FY2024.
01
Franklin University served 14,678 unique students in the 2024-25 Academic Year, granting 125 Associate's degrees, 1,415 Bachelor's degrees, 899 Master's degrees, 70 Doctoral degrees, and 33 graduate certificates.
$83.5Mprogram expense
Run this program? Claim this org to tell your story
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · FY2025
Ruth M Hughes Scholarship TrustFY2025$7K
Clapper Scholarship FundFY2025$2K
Total grants receivedfrom 2 funders$10K
Grants paid · 32 grants · $84.7M · 2019–2024
Unitemized GrantFY2024$10,724,200
Unitemized GrantFY2024$2,247,862
Unitemized GrantFY2024$429,018
Unitemized GrantFY2024$143,822
Unitemized GrantFY2023$6,933,144
Unitemized GrantFY2023$5,716,117
Unitemized GrantFY2023$420,105
Unitemized GrantFY2023$48,585
Unitemized GrantFY2022$11,921,587
Unitemized GrantFY2022$3,708,484
Unitemized GrantFY2022$500,512
Unitemized GrantFY2022$44,680
Unitemized GrantFY2021$11,585,578
Unitemized GrantFY2021$2,834,925
Unitemized GrantFY2021$1,452,019
Unitemized GrantFY2021$425,003
Unitemized GrantFY2021$80,736
Unitemized GrantFY2020$2,043,147
By the numbers
The FY2024 990, line by line.
Download 990
1The main four
Money inPt VIII
$112.0M
Ln 12
Fees for servicesLn 2g$97.8M
Investment incomeLn 3$12.7M
Gifts and grantsLn 1h$1.0M
Money outPt IX
$99.1M
Ln 25
Programscol B$83.5M
Managementcol C$15.3M
Fundraisingcol D$181K
Owns and owesPt X
$127.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$151.4M
LiabilitiesLn 26$24.3M
PeoplePt VI, VII
35
listed · VII A
PaidVII A14
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$489K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$97.8M
Investment incomeLn 3$12.7M
Other incomeLn 4–11$469K
Gains on assetsLn 7$10.3M
Total revenueLn 12$112.0M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$120.4M
Land, buildings, equipmentLn 10c$20.5M
Other assetsLn 15$321K
Total assetsLn 16$151.4M
LiabilitiesLn 26$24.3M
Net assetsLn 32$127.1M
OperationsPt I, VI
EmployeesI 51,297
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.4M |
| InvestmentsLn 11–13 | $110.7M | $120.4M |
| Land, buildings, equipmentLn 10c | $20.4M | $20.5M |
| Total assetsLn 16 | $143.9M | $151.4M |
| LiabilitiesLn 26 | $26.9M | $24.3M |
| Net assetsLn 32 | $117.0M | $127.1M |
4Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $13.5M | $13.5M | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $4.3M | $2.8M | $1.5M | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $43.2M | $36.1M | $7.0M | $101K |
| Pension plan contributionsLn 8 | $3.2M | $2.7M | $520K | $7K |
| Other employee benefitsLn 9 | $5.5M | $4.6M | $899K | $13K |
| Payroll taxesLn 10 | $3.7M | $3.1M | $599K | $9K |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $187K | $0 | $187K | $0 |
| Accounting feesLn 11c | $92K | $0 | $92K | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $455K | $0 | $455K | $0 |
| Other fees for servicesLn 11g | $2.5M | $2.1M | $406K | $6K |
| Advertising and promotionLn 12 | $8.4M | $8.4M | $0 | $0 |
| Office expensesLn 13 | $3.1M | $2.6M | $503K | $7K |
| Information technologyLn 14 | $2.2M | $1.8M | $354K | $5K |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $1.6M | $760K | $862K | $15K |
| TravelLn 17 | $449K | $375K | $73K | $1K |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $155K | $129K | $25K | $361 |
| InterestLn 20 | $532K | $0 | $532K | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $1.6M | $749K | $849K | $15K |
| InsuranceLn 23 | $239K | $199K | $39K | $557 |
| Other expenses (24a–d)Ln 24 | $3.4M | $3.1M | $300K | $0 |
| All other expensesLn 24e | $608K | $508K | $99K | $1K |
| Total functional expensesLn 25 | $99.1M | $83.5M | $15.3M | $181K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $94.7M | $89.2M | $5.5M | $117.0M | 990 PDF |
| FY2023 | $87.7M | $88.5M | −$831K | $108.3M | 990 PDF |
| FY2022 | $89.9M | $88.0M | $1.9M | $108.6M | 990 PDF |
| FY2021 | $78.0M | $72.6M | $5.4M | $123.7M | 990 PDF |
| FY2020 | $81.6M | $86.3M | −$4.8M | $107.0M | 990 PDF |
Want to add your own materials alongside these filings? Claim this org
Schedules filed Part IV
III · Programs
I · Grants
R · Related orgs
G · Fundraising
L · Interested persons
A · Public support
F · Foreign
M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $111,960,173 across 15 lines filed
Lines not itemized here account for $961,081 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$489,194
VIII-1f All other contributions, gifts and grants$542,417
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,031,611
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $96,989,421 · Unrelated business $0 · Excluded from tax $0$96,989,421
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,402,365$2,402,365
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $273,523$273,523
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $10,302,172$10,302,172
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $97,950,502 · Unrelated business $0 · Excluded from tax $12,978,060$111,960,173
Part IX · Statement of functional expenses $99,072,517 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $13,544,902$13,544,902
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $2,768,424 · Management $1,545,065 · Fundraising $0$4,313,489
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $36,055,396 · Management $7,002,556 · Fundraising $100,782$43,158,734
IX-8 Pension plan contributionsPrograms $2,677,529 · Management $520,021 · Fundraising $7,484$3,205,034
IX-9 Other employee benefitsPrograms $4,627,304 · Management $898,699 · Fundraising $12,934$5,538,937
IX-10 Payroll taxesPrograms $3,085,395 · Management $599,235 · Fundraising $8,624$3,693,254
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $186,652 · Fundraising $0$186,652
IX-11c Accounting feesPrograms $0 · Management $91,500 · Fundraising $0$91,500
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $454,752 · Fundraising $0$454,752
IX-11g Other fees for servicesPrograms $2,091,633 · Management $406,230 · Fundraising $5,847$2,503,710
IX-12 Advertising and promotionPrograms $8,440,220 · Management $0 · Fundraising $0$8,440,220
IX-13 Office expensesPrograms $2,588,227 · Management $502,676 · Fundraising $7,235$3,098,138
IX-14 Information technologyPrograms $1,824,965 · Management $354,438 · Fundraising $5,101$2,184,504
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $760,487 · Management $862,430 · Fundraising $15,158$1,638,075
IX-17 TravelPrograms $374,793 · Management $72,791 · Fundraising $1,048$448,632
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $129,141 · Management $25,081 · Fundraising $361$154,583
IX-20 InterestPrograms $0 · Management $532,223 · Fundraising $0$532,223
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $748,799 · Management $849,175 · Fundraising $14,925$1,612,899
IX-23 InsurancePrograms $199,283 · Management $38,704 · Fundraising $557$238,544
IX-24 Other expenses (24a–d)Programs $3,125,271 · Management $300,323 · Fundraising $0$3,425,594
IX-24e All other expensesPrograms $508,050 · Management $98,671 · Fundraising $1,420$608,141
IX-25 Total functional expensesPrograms $83,549,819 · Management $15,341,222 · Fundraising $181,476$99,072,517
Part X · Balance sheet $151,440,069 assets, 24 lines filed
Asset lines not itemized here account for $1,000,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,227,730$1,412,106
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $402,759$0
X-4 Accounts receivableStart of year $6,757,147$6,128,179
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,095,517$1,688,214
X-10c Land, buildings and equipment, netStart of year $20,355,164$20,477,308
X-11 Publicly traded securitiesStart of year $75,306,755$43,142,740
X-12 Other securitiesStart of year $35,390,511$77,270,750
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $320,772$320,772
X-16 Total assetsStart of year $143,856,355$151,440,069
X-17 Accounts payable and accrued expensesStart of year $9,924,727$8,230,062
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $3,913,031$3,417,198
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $4,000,000$4,500,000
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $26,872,039$24,308,091
X-27 Net assets without donor restrictionsStart of year $106,289,366$115,482,166
X-28 Net assets with donor restrictionsStart of year $10,694,950$11,649,812
X-32 Total net assets or fund balancesStart of year $116,984,316$127,131,978
X-33 Total liabilities and net assetsStart of year $143,856,355$151,440,069
Part XI · Reconciliation of net assets $127,131,978 net assets at year end
XI-1 Total revenue$111,960,173
XI-2 Total expenses$99,072,517
XI-3 Revenue less expenses$12,887,656
XI-4 Net assets at start of year$116,984,316
XI-5 Net unrealized gains (losses) on investments−$2,739,994
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$127,131,978
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
If you ARE the filing organization, claim this org and add context
Made it to the end? Claim this organization
Sponsorship available
Your ad here
Reach nonprofit & funder researchers on 990 Scout