Franklin University
Franklin University reported $112.0 million in revenue and $99.1 million in expenses for the fiscal year ending July 31, 2025. Of every $100 it spent, $84.33 went to program services, $15.49 to management and general costs and $0.18 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 87.3% of the total. The highest compensation it reported for one person was $1,007,178 (President). 115 people received more than $100,000 in reportable compensation. Revenue rose 37% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending July 31, 2025 · Form 990, Part IX, line 25 · total expenses $99MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending July 31, 2025 · Form 990, Part VIII · total revenue $112MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 87.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,007,178 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.02% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 115 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFranklin 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. Franklin has a total of 78 academic program offerings (42 undergraduate, 2 undergraduate certificates, and 23 graduate, 5 doctorate and 6 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Officer, 55 hrs/week | $956,585 | $0 | $50,593 | $1,007,178 |
| Chief of Staff & SVP Administration Key employee, 40 hrs/week | $388,867 | $0 | $49,933 | $438,800 |
| Provost and SVP-Academic Affairs Key employee, 50 hrs/week | $381,590 | $0 | $55,849 | $437,439 |
| SVP Global Programs & Strategic Initiatives Key employee, 40 hrs/week | $375,861 | $0 | $57,235 | $433,096 |
| SVP and Chief Information Officer Key employee, 40 hrs/week | $347,222 | $0 | $54,954 | $402,176 |
| Treasurer/SVP-Chief Financial Officer Officer, 40 hrs/week | $347,463 | $0 | $49,935 | $397,398 |
| VP-Student Affairs Key employee, 40 hrs/week | $320,480 | $0 | $43,300 | $363,780 |
| VP-Strategic Alliances Key employee, 40 hrs/week | $319,617 | $0 | $43,077 | $362,694 |
115 people received more than $100,000 in reportable compensation from Franklin University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 21 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,297
- Volunteers Part I, line 621
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Google Inc Advertising | $3,261,375 |
| MBS Direct LLC Digital textbooks and course materials | $2,375,647 |
| Advantage Media & Digital LLC Advertising | $1,764,071 |
| Mightyhive Inc Advertising | $1,160,237 |
| Leeds Management Services FZE Student Services | $690,337 |
Individuals listed as contractors are left out. 35 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Franklin University totaling $4,062 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Franklin University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Franklin University, you can publish a response that is linked from this page.
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Of every $100 Franklin University spent in FY2025, $84.33 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Abeka AcademyPensacola, FL · revenue $112M · programs 80.0% · FY2025
- High Tech HighSan Diego, CA · revenue $112M · programs 73.2% · FY2025
- University of Rhode Island Foundation & Alumni EngagementKingston, RI · revenue $112M · programs 55.4% · FY2025
- Virginia Wesleyan UniversityVirginia Beach, VA · revenue $113M · programs 76.8% · FY2025
- Roanoke CollegeSalem, VA · revenue $112M · programs 84.4% · FY2024
Questions people ask
How much of Franklin University's spending goes to programs?
In the fiscal year ending July 31, 2025, Franklin University reported that 84.3% of its $99.1 million in expenses went to program services, 15.5% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Franklin University pay its top executive?
The largest total compensation Franklin University reported for one person in the fiscal year ending July 31, 2025 was $1,007,178, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Franklin University get its money?
Of $112.0 million in revenue in the fiscal year ending July 31, 2025, 0.9% came from contributions and grants (including 0.4% from government grants) and 87.3% from program service revenue (Form 990, Part VIII).
Is Franklin University a registered charity?
The IRS lists EIN 31-0707369 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending July 31, 2025, object 202601549349301375 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending July 31, 2024, object 202511609349300976 · read the filing
- FY2023: Form 990 for the fiscal year ending July 31, 2023, object 202441649349300124 · read the filing
- FY2022: Form 990 for the fiscal year ending July 31, 2022, object 202301519349300820 · read the filing
- FY2021: Form 990 for the fiscal year ending July 31, 2021, object 202201649349300610 · read the filing
- FY2020: Form 990 for the fiscal year ending July 31, 2020 (amended), object 202241389349301314 · read the filing
All filings for EIN 31-0707369: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.