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Nonprofiteer
← FRANKLIN INSTITUTE

Form 990 for tax year 2022

Filed by FRANKLIN INSTITUTE.

Totals

Total revenue
$36,043,314
Total expenses
$28,062,151
Contributions and grants received
$11,662,555
Grants paid
$377,533
Program service revenue
$21,937,448
Investment income
$1,893,222
Other revenue
$550,089
Total assets, end of year
$173,411,426
Total liabilities, end of year
$11,110,382
Net assets or fund balances, end of year
$162,301,044
Program services expenses (Part IX)
$23,513,424
Management and general expenses
$3,069,909
Fundraising expenses
$1,478,818
Program service expenses (Part III)
$23,513,424

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $861,795

  • 1e · Government grants (contributions)

    $2,099,500

  • 1f · All other contributions, gifts and grants

    $8,701,260

  • 1g · Noncash contributions included above

    $408,950

  • 2a · Program service revenue: MUSEUM ADMISSIONS

    total $12,428,780 · related or exempt $12,428,780

  • 2b · Program service revenue: ANCILLARY ACTIVITIES

    total $3,408,649 · related or exempt $3,324,399 · unrelated business $84,250

  • 2c · Program service revenue: GRANTS

    total $2,484,526 · related or exempt $2,484,526

  • 2d · Program service revenue: MEMBERSHIPS

    total $2,390,649 · related or exempt $2,390,649

  • 2e · Program service revenue: EDUCATIONAL PROGRAMS & SERVICES

    total $115,946 · related or exempt $115,946

  • 2f · All other program service revenue

    total $1,108,898 · related or exempt $1,108,898

  • 3 · Investment income

    total $1,294,456 · excluded $1,294,456

  • 5 · Royalties

    total $386,256 · excluded $386,256

  • 6a · Gross rents

    real property $442,998

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $442,998

  • 6d · Net rental income or loss

    total $442,998 · excluded $442,998

  • 7a · Gross sales of assets other than inventory

    securities $2,212,334

  • 7b · Less cost or other basis and sales expenses

    securities $1,613,568

  • 7c · Gain or loss

    securities $598,766

  • 7d · Net gain or loss

    total $598,766 · excluded $598,766

  • 8a · Fundraising events: gross income

    $115,329

  • 8a · Fundraising events: contributions included on line 1c

    $861,795

  • 8b · Fundraising events: direct expenses

    $429,349

  • 8c · Net income from fundraising events

    total -$314,020 · excluded -$314,020

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $34,855 · excluded $34,855

  • 11e · Other revenue, total

    $34,855

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $367,533 · program services $367,533

  • 3 · Grants to foreign organizations and individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $3,350,033 · program services $2,453,007 · management and general $168,231 · fundraising $728,795

  • 7 · Other salaries and wages

    total $6,307,850 · program services $4,875,707 · management and general $1,289,951 · fundraising $142,192

  • 8 · Pension plan contributions

    total $220,485 · program services $167,377 · management and general $34,226 · fundraising $18,882

  • 9 · Other employee benefits

    total $2,191,799 · program services $1,441,914 · management and general $594,353 · fundraising $155,532

  • 10 · Payroll taxes

    total $729,779 · program services $553,997 · management and general $113,284 · fundraising $62,498

  • 11b · Fees: legal

    total $102,527 · management and general $102,527

  • 11c · Fees: accounting

    total $70,750 · management and general $70,750

  • 11d · Fees: lobbying

    total $99,300 · fundraising $99,300

  • 11e · Fees: professional fundraising services

    total $24,003 · fundraising $24,003

  • 11g · Fees: other

    total $1,828,561 · program services $1,671,760 · management and general $156,801

  • 12 · Advertising and promotion

    total $824,454 · program services $791,802 · management and general $32,652

  • 13 · Office expenses

    total $419,072 · program services $319,792 · management and general $59,370 · fundraising $39,910

  • 14 · Information technology

    total $581,131 · program services $536,815 · fundraising $44,316

  • 16 · Occupancy

    total $2,543,038 · program services $2,543,038

  • 17 · Travel

    total $273,348 · program services $234,554 · management and general $36,218 · fundraising $2,576

  • 19 · Conferences, conventions and meetings

    total $22,691 · program services $12,220 · management and general $6,725 · fundraising $3,746

  • 20 · Interest

    total $290,145 · program services $290,145

  • 22 · Depreciation, depletion and amortization

    total $4,950,678 · program services $4,950,678

  • 23 · Insurance

    total $185,032 · program services $100,126 · management and general $84,906

  • 24a · Other expenses: PROGRAM AND EXHIBIT SUP

    total $1,007,866 · program services $1,007,866

  • 24b · Other expenses: EVENT EXPENSES

    total $310,074 · program services $310,074

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $127,896 · program services $42,444 · management and general $61,567 · fundraising $23,885

  • 24d · Other expenses: CULTIVATION AND FULFILL

    total $113,892 · program services $13,534 · management and general $23,932 · fundraising $76,426

  • 24e · All other expenses

    total $1,110,214 · program services $819,041 · management and general $234,416 · fundraising $56,757

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,165,565 · end of year $16,964,476

  • 2 · Savings and temporary cash investments

    beginning of year $4,750,620 · end of year $4,795,869

  • 3 · Pledges and grants receivable

    beginning of year $10,368,765 · end of year $11,075,713

  • 4 · Accounts receivable

    beginning of year $2,907,235 · end of year $3,830,937

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,886,915 · end of year $669,502

  • 10a · Land, buildings and equipment: cost or other basis

    $161,809,333

  • 10b · Land, buildings and equipment: accumulated depreciation

    $95,845,935

  • 10c · Land, buildings and equipment, net

    beginning of year $65,888,029 · end of year $65,963,398

  • 11 · Investments: publicly traded securities

    beginning of year $68,774,864 · end of year $55,594,853

  • 12 · Investments: other securities

    beginning of year $17,118,270 · end of year $14,186,730

  • 13 · Investments: program-related

    beginning of year $30,544 · end of year $30,544

  • 15 · Other assets

    beginning of year $311,979 · end of year $299,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,862,978 · end of year $3,749,397

  • 19 · Deferred revenue

    beginning of year $6,199,672 · end of year $1,430,979

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,349,763 · end of year $5,930,006

  • 24 · Unsecured notes and loans payable

    beginning of year $3,000,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $76,514,189 · end of year $79,327,115

  • 28 · Net assets with donor restrictions

    beginning of year $94,276,184 · end of year $82,973,929

Mission and programs · 2022

Mission

IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY.

  • EDUCATIONAL PROGRAMS, SERVICES & GRANTS: COMPLETING ITS 30TH YEAR IN 2022, THE PARTNERS FOR ACHIEVING CAREERS IN TECHNOLOGY AND SCIENCE (PACTS) PROGRAM IS ONE OF THE REGION'S OLDEST AND MOST COMPREHENSIVE SCIENCE IMMERSION PROGRAMS FOR MIDDLE SCHOOL STUDENTS. PACTS SERVED 46 STUDENTS FROM AREA PUBLIC SCHOOLS DURING THE 2021-2022 SCHOOL YEAR. IN ITS 22ND YEAR, THE INSTITUTE'S STEM SCHOLARS PROGRAM, A CONCENTRATED PROGRAM OF HIGH SCHOOL STUDENTS WHO SHOW HIGH INTEREST IN AND APTITUDE FOR STEM FIELDS, SERVED 79 STUDENTS. PACTS AND STEM SCHOLARS PROVIDE STUDENTS WITH ACCESS TO STEM PROFESSIONALS, AS WELL AS COLLEGE EDUCATIONAL PROGRAMS AND SERVICES, APPLICATION AND FINANCIAL AID COUNSELING, EXPOSURE TO STEM CAREERS, AND ANNUAL ROBOTICS PROGRAMS. THESE TWO PROGRAMS DELIVER UNIQUE STEM PROGRAMMING TO A DIVERSE AUDIENCE.THE FRANKLIN INSTITUTE ALSO DEVELOPS MODEL PROGRAMS IN SCIENCE LEARNING FOR THE K-12 EDUCATION COMMUNITY THAT ARE DELIVERED BOTH INSIDE AND OUTSIDE THE MUSEUM WALLS, INCLUDING SCIENCE IN THE SUMMER, LEAP INTO SCIENCE AND MISSION2MARS WHICH SERVED 67,180 PARTICIPANTS ACROSS 34 STATES.

    Expenses $3,562,721 · Grants $377,533 · Revenue $2,600,472

  • MUSEUM ADMISSIONS & OPERATIONS: AS THE MOST VISITED MUSEUM IN THE COMMONWEALTH AND A TOP-FIVE TOURIST DESTINATION IN THE CITY OF PHILADELPHIA, THE FRANKLIN INSTITUTE SERVES AS BOTH A PROMINENT EDUCATION AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2022, THE INSTITUTE WELCOMED 818,000 VISITORS TO THE MUSEUM, INCLUDING 80,000 FREE AND DISCOUNTED VISITS PROVIDED TO UNDERSERVED SCHOOLS AND FAMILIES THROUGH THE ACCESS PROGRAM. THE FRANKLIN INSTITUTE'S LONGSTANDING REPUTATION HELPS TO ELEVATE THE COMMONWEALTH AND THE CITY OF PHILADELPHIA AS MODELS FOR CULTURAL AND INFORMAL EDUCATION EXCELLENCE. THE INSTITUTE WELCOMES VISITORS OF ALL AGES TO EXPLORE SCIENCE IN INTERACTIVE EXHIBITS AND PUBLIC PROGRAMS. THE INSTITUTE REMAINS FULLY COMMITTED TO PROVIDING AN EXCEPTIONAL EXPERIENCE FOR ITS MANY VISITORS AND INCREASING SERVICE TO ITS AUDIENCE, EXTENDING THE INSTITUTE'S MISSION- TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY-TO CHILDREN AND FAMILIES THROUGHOUT GREATER PHILADELPHIA, REGARDLESS OF MEANS, REMAINS, AS ALWAYS, AT THE HEART OF ITS PRIORITIES. IT DOES SO THROUGH OUTSTANDING EXHIBITS AND MANY EDUCATION AND OUTREACH PROGRAMS.

    Expenses $13,485,618 · Revenue $18,228,078

  • THE JOURNAL OF THE FRANKLIN INSTITUTE, THE SECOND OLDEST SCHOLARLY JOURNAL IN CONTINUOUS PUBLICATION IN THE UNITED STATES, HAS INCREASED THE VOLUME OF ARTICLES PER ISSUE,, AS WELL AS THE READERSHIP. ALL 197 YEARS OF THE JOURNAL ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS.

    Expenses $1,224,262 · Revenue $1,495,154

  • INTEREST AND DEPRECIATION EXPENSE NOT INCLUDED ABOVE.INTEREST $290,145DEPRECIATION $4,950,678

    Expenses $5,240,823

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Dubinski

    PRESIDENT & CEO

    Total calculated
    $841,154
    From this org
    $777,149
    From related orgs
    $0
    Other
    $64,005
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $490,346
    Bonus
    $275,780
    Other
    $11,023
    Deferred
    $32,242
    Nontaxable benefits
    $31,763
    Filer's total
    $841,154
  • Donald E Morel Jr PhD

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Lynch

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Joel Bernstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Wade H Berrettini MD PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Suzanne Boda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Renee B Booth PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hallee Adelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Peter K Classen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Annie Duke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Franklin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John T Fries

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Fralic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth H Gemmill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Grete Greenacre

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Richard Henriques

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Frances E Jensen MD Facp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Stephen E Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Charisse R Lillie Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ira M Lubert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sandra K Baldino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Miriam G Mandell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sandra G Marshall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christopher McIsaac

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert S McMenamin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paul Offit MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Quentin Roach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael A Innocenzo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joan N Stern Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Andrea Anania Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Luiz Vieira

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Harold L Yoh III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Karen Zimmer MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • The Honorable Darrell L Clarke

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • William R Hite

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • The Honorable James F Kenney

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • The Honorable Tom Wolf

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Gerard F Jones

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Otis Hackney III

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Cj Taylor

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Marsha R Perelman

    TRUSTEE, EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • William J Avery

    TRUSTEE, EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • James A Unruh

    TRUSTEE, EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Michelle Singer

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Vincent Amatulli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Maureen Brennan-Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Samuel Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Anthony Bucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paris Butler MD MPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tom Carmanico

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Matthew Zelesko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Suchit Bachalli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mark Dichter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Julia Dranoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert J Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Corrigan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Karen Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Barbara Klock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Nyla Koncurat

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael J Nemeroff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Don Silberberg

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Maria Iavarone

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Ian Wright

    TRUSTEE, EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • K Siobhan Keefe

    SVP & CHIEF FINANCIAL OFFI

    Total calculated
    $277,135
    From this org
    $251,874
    From related orgs
    $0
    Other
    $25,261
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $144,617
    Bonus
    $0
    Other
    $107,257
    Deferred
    $8,048
    Nontaxable benefits
    $17,213
    Filer's total
    $277,135
  • Erin Armstrong

    VP MKT COMM. & DIGITAL MED

    Total calculated
    $256,430
    From this org
    $236,258
    From related orgs
    $0
    Other
    $20,172
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $187,653
    Bonus
    $47,831
    Other
    $774
    Deferred
    $9,628
    Nontaxable benefits
    $10,544
    Filer's total
    $256,430
  • Rebekah Sassi

    VP EXTERNAL AFFAIRS

    Total calculated
    $308,217
    From this org
    $266,629
    From related orgs
    $0
    Other
    $41,588
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $212,655
    Bonus
    $53,560
    Other
    $414
    Deferred
    $12,442
    Nontaxable benefits
    $29,146
    Filer's total
    $308,217
  • Elbert Black

    CONTROLLER

    Total calculated
    $171,257
    From this org
    $145,675
    From related orgs
    $0
    Other
    $25,582
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $117,809
    Bonus
    $27,625
    Other
    $241
    Deferred
    $7,493
    Nontaxable benefits
    $18,089
    Filer's total
    $171,257
  • Keith Doughty

    DIR OF FINANCIAL REPORTING & ANALYSIS

    Total calculated
    $149,537
    From this org
    $140,968
    From related orgs
    $0
    Other
    $8,569
    Hours/week
    37.5
  • Richard Rabena

    SVP OF OPERATIONS

    Total calculated
    $271,544
    From this org
    $233,399
    From related orgs
    $0
    Other
    $38,145
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $172,354
    Bonus
    $57,321
    Other
    $3,724
    Deferred
    $13,809
    Nontaxable benefits
    $24,336
    Filer's total
    $271,544
  • Darryl Williams

    SVP OF SCIENCE & EDUCATION

    Total calculated
    $318,514
    From this org
    $293,905
    From related orgs
    $0
    Other
    $24,609
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $234,550
    Bonus
    $59,085
    Other
    $270
    Deferred
    $12,985
    Nontaxable benefits
    $11,624
    Filer's total
    $318,514
  • Chris Rizzo

    VP OF BUSINESS OPERATIONS

    Total calculated
    $251,004
    From this org
    $212,546
    From related orgs
    $0
    Other
    $38,458
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $169,376
    Bonus
    $42,900
    Other
    $270
    Deferred
    $10,220
    Nontaxable benefits
    $28,238
    Filer's total
    $251,004
  • Abigail Bysshe

    CHIEF EXPERIENCE & STRATEGY OFFICER

    Total calculated
    $287,749
    From this org
    $265,034
    From related orgs
    $0
    Other
    $22,715
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $207,354
    Bonus
    $57,500
    Other
    $180
    Deferred
    $12,479
    Nontaxable benefits
    $10,236
    Filer's total
    $287,749
  • Mark Harmon

    VP OF OPERATIONS

    Total calculated
    $217,494
    From this org
    $179,865
    From related orgs
    $0
    Other
    $37,629
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $141,955
    Bonus
    $37,500
    Other
    $410
    Deferred
    $8,835
    Nontaxable benefits
    $28,794
    Filer's total
    $217,494
  • Joy Montefusco

    DIRECTOR OF DIGITAL EDITOR

    Total calculated
    $162,077
    From this org
    $132,203
    From related orgs
    $0
    Other
    $29,874
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $119,110
    Bonus
    $12,838
    Other
    $255
    Deferred
    $7,646
    Nontaxable benefits
    $22,228
    Filer's total
    $162,077
  • Joseph Torrieri

    DIRECTOR OF IT

    Total calculated
    $189,043
    From this org
    $166,108
    From related orgs
    $0
    Other
    $22,935
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $150,244
    Bonus
    $15,450
    Other
    $414
    Deferred
    $5,348
    Nontaxable benefits
    $17,587
    Filer's total
    $189,043
  • Casey Satell

    DIRECTOR OF INSTITUTIONAL GIVING

    Total calculated
    $171,150
    From this org
    $145,686
    From related orgs
    $0
    Other
    $25,464
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $124,993
    Bonus
    $20,533
    Other
    $160
    Deferred
    $7,887
    Nontaxable benefits
    $17,577
    Filer's total
    $171,150
  • Janie Tsang

    DIRECTOR OF MKT AND PROMOTIONS

    Total calculated
    $147,216
    From this org
    $134,724
    From related orgs
    $0
    Other
    $12,492
    Hours/week
    37.5
  • Suzzette Graves

    DIRECTOR OF HR

    Total calculated
    $160,048
    From this org
    $130,567
    From related orgs
    $0
    Other
    $29,481
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $112,328
    Bonus
    $17,196
    Other
    $1,043
    Deferred
    $7,263
    Nontaxable benefits
    $22,218
    Filer's total
    $160,048

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DURING 2022, THE FRANKLIN INSTITUTE PROVIDED MEMBERSHIP IN THE UNION LEAGUE OF PHILADELPHIA FOR THE PRESIDENT AND CEO.
PART I, LINE 7
REFER TO SCHEDULE O, DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15A AND 15B, PROCESS USED TO DETERMINE EXECUTIVE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313149349303621

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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