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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 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
34 people listed on the 990; $3.6M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$812,107Pt VII · Sec A
Provost and Svp-Academic Affairs
$326,427Pt VII · Sec A
SVP Global Programs & Strategic Initiatives
$321,689Pt VII · Sec A
Treasurer/Svp-Chief Financial Officer
$297,240Pt VII · Sec A
Chief of Staff & SVP Administration
$296,510Pt VII · Sec A
SVP and Chief Information Officer
$282,773Pt VII · Sec A
Vp-Strategic Alliances
$236,138Pt VII · Sec A
Vp-Student Affairs
$227,108Pt VII · Sec A
VP Operations, Franklin Learning Solutions
$224,606Pt VII · Sec A
Vp-Financial Services
$206,931Pt VII · Sec A
Dean, Ross College of Business
$197,685Pt VII · Sec A
Dean Doctoral Studies and Academic Research
$189,461Pt 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
Trustee
$0Pt VII · Sec A
Chair
$0Pt VII · Sec A
Immediate Past 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
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$0Pt VII · Sec A
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$0Pt VII · Sec A
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$0Pt VII · Sec A
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | 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.
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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 high-quality, relevant education to help diverse learners achieve goals and enrich the world.
Questions for Franklin University
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Provided by the organization
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2 programs · $60.1M · in their own filed words · FY2020
01
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.
$58.2Mprogram expense
02
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…
$1.9Mprogram expense
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 FY2021 990, line by line.
Download 990
1The main four
Money inPt VIII
$78.0M
Ln 12
Fees for servicesLn 2g$59.3M
Investment incomeLn 3$11.7M
Gifts and grantsLn 1h$6.4M
Money outPt IX
$72.6M
Ln 25
Programscol B$60.1M
Managementcol C$12.4M
Fundraisingcol D$116K
Owns and owesPt X
$123.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$146.3M
LiabilitiesLn 26$22.7M
PeoplePt VI, VII
34
listed · VII A
PaidVII A12
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.4M
Government grantsLn 1e$6.2M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$59.3M
Investment incomeLn 3$11.7M
Other incomeLn 4–11$598K
Gains on assetsLn 7$10.1M
Total revenueLn 12$78.0M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$109.0M
Land, buildings, equipmentLn 10c$27.8M
Other assetsLn 15$3.9M
Total assetsLn 16$146.3M
LiabilitiesLn 26$22.7M
Net assetsLn 32$123.7M
OperationsPt I, VI
EmployeesI 51,297
VolunteersI 621
Fiscal year endsHeaderJuly
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 FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.4M | $1.9M |
| InvestmentsLn 11–13 | $91.6M | $109.0M |
| Land, buildings, equipmentLn 10c | $28.9M | $27.8M |
| Total assetsLn 16 | $133.6M | $146.3M |
| LiabilitiesLn 26 | $26.6M | $22.7M |
| Net assetsLn 32 | $107.0M | $123.7M |
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 | $5.3M | $5.3M | ||
| 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 | $2.9M | $1.8M | $1.1M | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $34.3M | $28.2M | $6.0M | $64K |
| Pension plan contributionsLn 8 | $2.7M | $2.2M | $467K | $5K |
| Other employee benefitsLn 9 | $4.2M | $3.5M | $742K | $8K |
| Payroll taxesLn 10 | $2.4M | $2.0M | $427K | $5K |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $265K | $0 | $265K | $0 |
| Accounting feesLn 11c | $145K | $0 | $145K | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $709K | $0 | $709K | $0 |
| Other fees for servicesLn 11g | $2.0M | $1.6M | $343K | $4K |
| Advertising and promotionLn 12 | $8.9M | $8.9M | $0 | $0 |
| Office expensesLn 13 | $2.2M | $1.8M | $375K | $4K |
| Information technologyLn 14 | $1.4M | $1.2M | $252K | $3K |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $2.0M | $1.4M | $571K | $12K |
| TravelLn 17 | $41K | $34K | $7K | $73 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $76K | $63K | $13K | $142 |
| InterestLn 20 | $329K | $0 | $329K | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $2.0M | $1.4M | $583K | $12K |
| InsuranceLn 23 | $178K | $159K | $19K | $228 |
| Other expenses (24a–d)Ln 24 | $264K | $264K | $0 | $0 |
| All other expensesLn 24e | $407K | $333K | $73K | $767 |
| Total functional expensesLn 25 | $72.6M | $60.1M | $12.4M | $116K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $112.0M | $99.1M | $12.9M | $127.1M | 990 PDF |
| 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 Viewing | $78.0M | $72.6M | $5.4M | $123.7M | 990 PDF |
| FY2020 | $81.6M | $86.3M | −$4.8M | $107.0M | 990 PDF |
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Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
J · Pay
O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $78,032,450 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,562,438$6,426,135
I-9 Program service revenuePrior year $68,345,969$59,314,547
I-10 Investment incomePrior year $9,599,387$11,693,866
I-11 Other revenuePrior year $49,276$597,902
I-12 Total revenuePrior year $81,557,070$78,032,450
I-13 Grants and similar amounts paidPrior year $10,090,393$5,295,761
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $53,427,373$46,502,258
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,791,598$20,800,121
I-18 Total expensesPrior year $86,309,364$72,598,140
I-19 Revenue less expensesPrior year −$4,752,294$5,434,310
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $78,032,450 across 15 lines filed
Lines not itemized here account for $3,292,407 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$6,170,073
VIII-1f All other contributions, gifts and grants$256,062
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$6,426,135
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,714,514 · Unrelated business $0 · Excluded from tax $0$56,714,514
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,545,500$1,545,500
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 −$94,472−$94,472
VIII-7 Net gain or loss on sales of assetsRelated to mission −$104,885 · Unrelated business $0 · Excluded from tax $10,253,251$10,148,366
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $59,902,036 · Unrelated business $0 · Excluded from tax $11,704,279$78,032,450
Part IX · Statement of functional expenses $72,598,140 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $5,295,761$5,295,761
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 $1,826,400 · Management $1,070,620 · Fundraising $0$2,897,020
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $28,228,653 · Management $5,983,023 · Fundraising $63,550$34,275,226
IX-8 Pension plan contributionsPrograms $2,189,317 · Management $466,605 · Fundraising $4,951$2,660,873
IX-9 Other employee benefitsPrograms $3,479,000 · Management $741,737 · Fundraising $7,870$4,228,607
IX-10 Payroll taxesPrograms $2,008,927 · Management $427,071 · Fundraising $4,534$2,440,532
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $265,333 · Fundraising $0$265,333
IX-11c Accounting feesPrograms $0 · Management $144,587 · Fundraising $0$144,587
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $708,970 · Fundraising $0$708,970
IX-11g Other fees for servicesPrograms $1,635,710 · Management $343,433 · Fundraising $3,655$1,982,798
IX-12 Advertising and promotionPrograms $8,853,769 · Management $0 · Fundraising $0$8,853,769
IX-13 Office expensesPrograms $1,774,488 · Management $374,848 · Fundraising $3,984$2,153,320
IX-14 Information technologyPrograms $1,183,216 · Management $252,177 · Fundraising $2,676$1,438,069
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $1,424,474 · Management $570,713 · Fundraising $11,778$2,006,965
IX-17 TravelPrograms $33,779 · Management $6,750 · Fundraising $73$40,602
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $62,697 · Management $13,363 · Fundraising $142$76,202
IX-20 InterestPrograms $0 · Management $328,600 · Fundraising $0$328,600
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $1,356,463 · Management $583,483 · Fundraising $11,776$1,951,722
IX-23 InsurancePrograms $159,368 · Management $18,581 · Fundraising $228$178,177
IX-24 Other expenses (24a–d)Programs $264,453 · Management $0 · Fundraising $0$264,453
IX-24e All other expensesPrograms $333,226 · Management $72,561 · Fundraising $767$406,554
IX-25 Total functional expensesPrograms $60,109,701 · Management $12,372,455 · Fundraising $115,984$72,598,140
Part X · Balance sheet $146,345,145 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $2,353,390$1,948,706
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $199,562$223,586
X-4 Accounts receivableStart of year $4,777,962$2,350,956
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $993,969$1,066,336
X-10c Land, buildings and equipment, netStart of year $28,945,948$27,847,064
X-11 Publicly traded securitiesStart of year $83,719,125$91,586,145
X-12 Other securitiesStart of year $7,922,376$17,441,351
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $4,714,768$3,881,001
X-16 Total assetsStart of year $133,627,100$146,345,145
X-17 Accounts payable and accrued expensesStart of year $7,551,953$6,571,572
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $3,137,057$2,204,578
X-20 Tax-exempt bond liabilitiesStart of year $14,688,070$13,881,721
X-24 Unsecured notes and loans payableStart of year $1,000,000$0
X-26 Total liabilitiesStart of year $26,649,248$22,657,871
X-27 Net assets without donor restrictionsStart of year $99,385,241$114,751,503
X-28 Net assets with donor restrictionsStart of year $7,592,611$8,935,771
X-32 Total net assets or fund balancesStart of year $106,977,852$123,687,274
X-33 Total liabilities and net assetsStart of year $133,627,100$146,345,145
Part XI · Reconciliation of net assets $123,687,274 net assets at year end
XI-1 Total revenue$78,032,450
XI-2 Total expenses$72,598,140
XI-3 Revenue less expenses$5,434,310
XI-4 Net assets at start of year$106,977,852
XI-5 Net unrealized gains (losses) on investments$11,275,112
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$123,687,274
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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