Overview
What is Franklin College Of Indiana?
Franklin College of Indiana is a nonprofit institution based in Franklin, Indiana, with a US address at 101 Branigin Blvd. They are dedicated to awarding scholarships and grants to students, aiming to reduce the financial burden of attending the college. With a mission to foster independent thinking, innovation, leadership, and action, Franklin College prepares its students for ever-changing professions and a globally connected world. The organization employs a total of 758 people.
Official website here: www.franklincollege.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Stars)
Franklin College of Indiana has achieved a high rating of 96%, reflecting its strong commitment to accountability and finance. The organization’s score is derived entirely from its excellent performance in these areas, demonstrating effective management and transparency in its financial practices.
One of the notable strengths of Franklin College is its independent board, where 92% of members are independent, suggesting a robust governance structure. Additionally, the college has a very low liabilities to assets ratio of 19.70% and a high program expense ratio of 89.73%, indicating that a significant portion of its resources is directed towards programs rather than administrative costs.
Overall, Franklin College has displayed commendable financial responsibility, with policies in place for conflict of interest and whistleblower protections, highlighting its commitment to ethical governance. However, while no limitations are explicitly mentioned in the feedback, ongoing monitoring and evaluation are essential for maintaining such a high standard of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin College Of Indiana legitimate?
Franklin College Of Indiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin College Of Indiana 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: $1,251,335
Professional Fundraising Fees: $190,403
Other Salaries and Wages: $11,419,115
For more financial information, click here
Official website here: www.franklincollege.edu
What is the mission statement of Franklin College Of Indiana?
Franklin College of Indiana's mission is centered around fostering independent thinking, innovation, leadership, and action for students as they prepare for evolving professions and a globally interconnected world. Through scholarships and grants, the institution aims to reduce the financial burden on students, enabling them to focus on their education and personal growth. A Franklin College education equips students with the necessary skills and mindset to adapt to the demands of their professions and contribute meaningfully to society. The college's mission empowers students to be agents of change and to make a positive impact in their communities and beyond.
Official website here: www.franklincollege.edu
What is the revenue of Franklin College Of Indiana?
Franklin College Of Indiana's revenue in 2024 was $53,485,375.
Official website here: www.franklincollege.edu
Who are the executives of Franklin College Of Indiana and what are their salaries?
The average compensation at Franklin College Of Indiana during 2024 was $17,476. There are 725 employees and 75 volunteers at Franklin College Of Indiana.
Here are 41 key members and their salaries:
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Official website here: www.franklincollege.edu
Where can I find the form 990 for Franklin College Of Indiana?
Franklin College Of Indiana's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.franklincollege.edu
Learn more at the official website: www.franklincollege.edu
Mission Statement of Franklin College Of Indiana
Franklin College of Indiana, a renowned educational institution, is dedicated to nurturing independent thinkers, fostering innovation, and instilling leadership and action in its students. In an ever-changing professional landscape and globally interconnected world, the college's mission is to prepare students for success. By providing a well-rounded education, Franklin College empowers its students to tackle the challenges of their future careers with confidence and resilience.
Through a commitment to academic excellence, Franklin College offers scholarships and grants to help students reduce the cost of attendance. This financial support is crucial in enabling students from diverse backgrounds to access a quality education. With the college's focus on independent thinking and innovation, students are encouraged to develop a strong foundation in their chosen field and to adapt to the demands of their professions. Furthermore, the college's global perspective allows students to broaden their horizons and gain a deeper understanding of the world around them.
In summary, Franklin College of Indiana is a dynamic and forward-thinking educational institution that is dedicated to fostering the next generation of independent thinkers, innovators, and leaders. By providing a comprehensive education and offering financial assistance through scholarships and grants, the college enables students to thrive in their chosen professions and make a meaningful impact on the world.
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Impact
October, 2024
Franklin College of Indiana significantly impacts the community and its students by fostering independent thinking, innovation, leadership, and proactive engagement in an ever-evolving professional landscape. The college prioritizes making education accessible through scholarships and grants, which help reduce the financial burden on students, making higher education attainable for a broader range of individuals.
By equipping students with the skills necessary to thrive in a globally connected world, Franklin College not only enhances their personal development but also prepares them to contribute meaningfully to society. The focus on critical thinking and action-oriented learning cultivates future leaders who are well-prepared to navigate complex challenges across various professions, ultimately benefiting both local and global communities.
This information is meant to be a general summary of Franklin College Of Indiana. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,962,740
- Program Service Revenue: $40,153,527
- Gross Receipts: $72,731,867
Assets and Liabilities:
- Total Assets: $144,719,563
- Total Liabilities: $27,536,375
- Net Assets: $117,183,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$33,396,598
Auxiliary Enterprises
Revenue
$6,703,151
Conferences-Catering
Revenue
$43,139
Bookstore
Revenue
$10,639
Organization Details
Founding Year
1937
Principal Officer
James Napolitan
Website
www.franklincollege.eduNTEE Category
Code: B420 - Education
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