Franklin College of Indiana
Also known as Franklin College
Franklin College of Indiana reported $56.1 million in revenue and $55.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.99 went to program services, $7.77 to management and general costs and $2.24 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 75.9% of the total. The highest compensation it reported for one person was $397,947 (President). 9 people received more than $100,000 in reportable compensation. Revenue rose 45% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $55MFor 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 June 30, 2025 · Form 990, Part VIII · total revenue $56MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.19 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 75.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $397,947 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.72% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 9 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 27.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 33 of 33 | 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 expenseScholarships - grants to students to reduce students' cost of attendance
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, 40.0 hrs/week | $354,937 | $0 | $43,010 | $397,947 |
| VP of Enrollment & Marketing Officer, 40.0 hrs/week | $190,513 | $0 | $17,328 | $207,841 |
| Vice President and Chief Financial Officer Officer, 40.0 hrs/week | $175,451 | $0 | $21,246 | $196,697 |
| Vice President for Academic Affairs & Dean of the College Officer, 40.0 hrs/week | $168,736 | $0 | $18,372 | $187,108 |
| Vice President for Student Development & Dean of Students Officer, 40.0 hrs/week | $143,294 | $0 | $22,458 | $165,752 |
| Program Director & Assistant Professor Highest compensated employee, 40.0 hrs/week | $146,434 | $0 | $13,015 | $159,449 |
| Vice President of Development and Alumni Engagement Officer, 40.0 hrs/week | $137,857 | $0 | $7,169 | $145,026 |
| Associate Professor of Biology Highest compensated employee, 40.0 hrs/week | $100,386 | $0 | $14,023 | $114,409 |
9 people received more than $100,000 in reportable compensation from Franklin College of Indiana (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (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–1b33 · 33 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 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5758
- Volunteers Part I, line 675
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Eat'n Park Hospitality Group Inc Food Service | $2,304,506 |
| Stratus Building Solutions of Indiana Commercial Cleaning | $339,407 |
| Morgan Stanley Global Banking Operations Investment Consultant | $312,098 |
| Matrix Integration LLC IT Services | $232,070 |
| Miller Transportation Transportation Services | $216,420 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
13 private foundations reported grants to Franklin College of Indiana totaling $852K 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 College of Indiana'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 College of Indiana, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Franklin College of Indiana spent in FY2025, $89.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Southwest Baptist UniversityBolivar, MO · revenue $56M · programs 90.9% · FY2025
- The King's AcademyWest Palm Beach, FL · revenue $56M · programs 89.4% · FY2025
- Florida International University FoundationMiami, FL · revenue $56M · programs 85.9% · FY2025
- Francis W Parker SchoolChicago, IL · revenue $56M · programs 84.6% · FY2025
- Georgia Advanced Technology VenturesAtlanta, GA · revenue $56M · programs 99.0% · FY2025
Questions people ask
How much of Franklin College of Indiana's spending goes to programs?
In the fiscal year ending June 30, 2025, Franklin College of Indiana reported that 90.0% of its $55.2 million in expenses went to program services, 7.8% to management and general and 2.2% to fundraising (Form 990, Part IX).
How much does Franklin College of Indiana pay its top executive?
The largest total compensation Franklin College of Indiana reported for one person in the fiscal year ending June 30, 2025 was $397,947, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Franklin College of Indiana get its money?
Of $56.1 million in revenue in the fiscal year ending June 30, 2025, 11.8% came from contributions and grants (including 0.6% from government grants) and 75.9% from program service revenue (Form 990, Part VIII).
Is Franklin College of Indiana a registered charity?
The IRS lists EIN 35-0868086 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 June 30, 2025, object 202630689349300728 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510639349300516 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430659349300513 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300699349300120 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220609349300332 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120539349300342 · read the filing
All filings for EIN 35-0868086: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.