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The Franklin Institute

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 231370501 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is The Franklin Institute?

The Franklin Institute, located in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to inspiring a passion for science and technology learning. Established over three decades ago, they offer comprehensive science immersion programs for middle and high school students. Their Partners for Achieving Careers in Technology and Science (PACTS) program serves 46 students annually, providing access to professionals, educational resources, and career exposure. Additionally, their Institute's STEM Scholars program supports 79 high school students with a strong interest in STEM fields. These initiatives offer unique opportunities for students, including application and financial aid counseling, robotics programs, and college educational services. Furthermore, The Franklin Institute develops model science learning programs for the K-12 education community, reaching over 67,000 participants across 34 states. With a mission to embody the spirit of inquiry and discovery, they inspire a passion for STEM education and serve a diverse audience. The organization employs 248 individuals to achieve their mission.


Official website here: www.fi.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

The Franklin Institute has achieved a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization demonstrates a solid commitment to transparency with an independent board consisting entirely of independent members and a thorough audit and oversight committee. The absence of any material diversion of assets further underscores the organization's integrity and fiscal responsibility.

In terms of financial health, The Franklin Institute excels with a program expense ratio of nearly 83%, indicating that a significant portion of its expenses directly supports its mission and programs. This efficiency suggests that the organization effectively utilizes its resources to benefit its stakeholders and the broader community.

However, while the organization has demonstrated exemplary financial practices and governance, there are no noted weaknesses in the available data. This absence of limitations contributes to an overall positive impression of The Franklin Institute as a well-managed and reputable nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is The Franklin Institute legitimate?

The Franklin Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Franklin Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,350,033
Professional Fundraising Fees: $24,003
Other Salaries and Wages: $6,307,850

For more financial information, click here


Official website here: www.fi.edu

What is the mission statement of The Franklin Institute?

The Franklin Institute, inspired by Benjamin Franklin's spirit of inquiry and discovery, aims to instill a passion for learning about science and technology. Through various educational programs, the institution serves students from middle school to high school age, providing access to STEM professionals, college educational programs and services, application and financial aid counseling, and exposure to STEM careers. Two notable programs, Partners for Achieving Careers in Technology and Science (PACTS) and the Institute's STEM Scholars Program, serve a diverse audience and deliver unique STEM programming, impacting over 67,000 participants across 34 states. Additionally, the Franklin Institute develops model programs in science learning for the K-12 education community, delivering them both inside and outside the museum walls.


Official website here: www.fi.edu

Who is the CEO of The Franklin Institute?

Larry Dubinski is the President & Ceo of The Franklin Institute. The CEO's salary of The Franklin Institute is $777,149 and their total compensation is $841,154.


Official website here: www.fi.edu

What is the revenue of The Franklin Institute?

The Franklin Institute's revenue in 2022 was $36,043,314.


Official website here: www.fi.edu

Who are the executives of The Franklin Institute and what are their salaries?

The average compensation at The Franklin Institute during 2022 was $38,943. There are 248 employees and 78 volunteers at The Franklin Institute.


Here are 78 key members and their salaries (The Franklin Institute's CEO's salary is $777,149 and their total compensation is $841,154):


Larry Dubinski (President & Ceo)
  • Compensation: $777,149
  • Related: $0
  • Other: $64,005
Donald E Morel Jr Phd (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Lynch (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Bernstein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade H Berrettini Md Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Boda (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee B Booth Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hallee Adelman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter K Classen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Duke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Franklin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John T Fries (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Fralic (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth H Gemmill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grete Greenacre (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Henriques (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frances E Jensen Md Facp (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen E Kelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charisse R Lillie Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ira M Lubert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra K Baldino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miriam G Mandell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra G Marshall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Mcisaac (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert S Mcmenamin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Offit Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quentin Roach (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Innocenzo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan N Stern Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Anania Stewart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luiz Vieira (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold L Yoh Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Zimmer Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Darrell L Clarke (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
William R Hite (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable James F Kenney (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Tom Wolf (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard F Jones (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Otis Hackney Iii (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cj Taylor (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha R Perelman (Trustee, Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Avery (Trustee, Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
James A Unruh (Trustee, Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Singer (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Amatulli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Brennan-Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Hamilton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Bucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paris Butler Md Mph (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Carmanico (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Zelesko (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suchit Bachalli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Dichter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Dranoff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Moore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Corrigan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Flynn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Klock (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nyla Koncurat (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Nemeroff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Silberberg (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Iavarone (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian Wright (Trustee, Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
K Siobhan Keefe (Svp & Chief Financial Offi)
  • Compensation: $251,874
  • Related: $0
  • Other: $25,261
Erin Armstrong (Vp Mkt Comm. & Digital Med)
  • Compensation: $236,258
  • Related: $0
  • Other: $20,172
Rebekah Sassi (Vp External Affairs)
  • Compensation: $266,629
  • Related: $0
  • Other: $41,588
Elbert Black (Controller)
  • Compensation: $145,675
  • Related: $0
  • Other: $25,582
Keith Doughty (Dir Of Financial Reporting & Analysis)
  • Compensation: $140,968
  • Related: $0
  • Other: $8,569
Richard Rabena (Svp Of Operations)
  • Compensation: $233,399
  • Related: $0
  • Other: $38,145
Darryl Williams (Svp Of Science & Education)
  • Compensation: $293,905
  • Related: $0
  • Other: $24,609
Chris Rizzo (Vp Of Business Operations)
  • Compensation: $212,546
  • Related: $0
  • Other: $38,458
Abigail Bysshe (Chief Experience & Strategy Officer)
  • Compensation: $265,034
  • Related: $0
  • Other: $22,715
Mark Harmon (Vp Of Operations)
  • Compensation: $179,865
  • Related: $0
  • Other: $37,629
Joy Montefusco (Director Of Digital Editor)
  • Compensation: $132,203
  • Related: $0
  • Other: $29,874
Joseph Torrieri (Director Of It)
  • Compensation: $166,108
  • Related: $0
  • Other: $22,935
Casey Satell (Director Of Institutional Giving)
  • Compensation: $145,686
  • Related: $0
  • Other: $25,464
Janie Tsang (Director Of Mkt And Promotions)
  • Compensation: $134,724
  • Related: $0
  • Other: $12,492
Suzzette Graves (Director Of Hr)
  • Compensation: $130,567
  • Related: $0
  • Other: $29,481


Official website here: www.fi.edu

Where can I find the form 990 for The Franklin Institute?

The Franklin Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fi.edu

Learn more at the official website: www.fi.edu

Mission Statement of The Franklin Institute

The Franklin Institute, inspired by the spirit of inquiry and discovery embodied by Benjamin Franklin, is on a mission to ignite a passion for learning about science and technology in people. This esteemed organization has been making strides in this field for several decades, with programs and initiatives that cater to students from middle school to high school.

One of its most prominent offerings is the Partners for Achieving Careers in Technology and Science (PACTS) program, which commenced its operations 30 years ago. This comprehensive science immersion program served 46 students from local public schools during the 2021-2022 academic year. Another notable initiative is the Institute's STEM Scholars Program, which entered its 22nd year in 2022. This program focused on high school students with exceptional interest and aptitude in STEM fields, serving 79 students in the same year.

Both the PACTS and STEM Scholars programs afford students unique opportunities to engage with STEM professionals, access college educational programs, benefit from application and financial aid counseling, and explore STEM careers. These initiatives deliver engaging STEM programming to a diverse audience. Furthermore, The Franklin Institute develops model science learning programs for the K-12 education community, which are delivered both within and beyond the museum walls. These programs include Science in the Summer, Leap into Science, and Mission2Mars, which collectively reached 67,180 participants across 34 states in previous years.

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Impact



October, 2024

The Franklin Institute significantly impacts the community by inspiring a passion for science and technology among learners of all ages. Through innovative educational programs, it engages students in hands-on experiences that foster inquiry and discovery. Notably, programs like Partners for Achieving Careers in Technology and Science (PACTS) and STEM Scholars offer middle and high school students immersive STEM experiences, mentoring by professionals, and opportunities to explore STEM careers.

During the 2021-2022 school year, these programs served 46 middle school and 79 high school students, paving the way for their future success in science and technology fields. Additionally, the Institute's outreach efforts, including events like Science in the Summer and Mission2Mars, reached over 67,000 participants across 34 states, extending the Institute's educational influence well beyond Philadelphia.

By providing model programs and resources, The Franklin Institute helps shape the K-12 education landscape, ensuring that every student has access to high-quality science education that is both diverse and dynamic. This commitment to nurturing the next generation of innovators and critical thinkers positions The Franklin Institute as a vital player in enhancing STEM education and career readiness in the community.



This information is meant to be a general summary of The Franklin Institute. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$36,043,314 (2022)
Expenses
$28,062,151 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,893,222
  • Program Service Revenue: $21,937,448
  • Gross Receipts: $38,086,231

Assets and Liabilities:

  • Total Assets: $173,411,426
  • Total Liabilities: $11,110,382
  • Net Assets: $162,301,044

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MUSEUM ADMISSIONS

Revenue

$12,428,780

ANCILLARY ACTIVITIES

Revenue

$3,408,649

GRANTS

Revenue

$2,484,526

MEMBERSHIPS

Revenue

$2,390,649

EDUCATIONAL PROGRAMS & SERVICES

Revenue

$115,946

Organization Details

Founding Year

1824

Phone

(215) 448-1200

Principal Officer

Larry Dubinski

Main Address

222 NORTH 20TH STREET, PHILADELPHIA, PA, 19103

Website

www.fi.edu

NTEE Category

Code: A25 - Arts

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