Nonprofit · EIN 35-0868086
FRANKLIN COLLEGE OF INDIANA
Tax-exempt · FRANKLIN, IN 46131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,149,658 | $55,172,563 | $977,095 | $157,442,974 | $30,032,242 | $127,410,732 |
| June 30, 2024 | 990 | $53,485,375 | $52,908,332 | $577,043 | $154,479,400 | $30,030,666 | $124,448,734 |
| June 30, 2023 | 990 | $45,024,560 | $52,368,802 | -$7,344,242 | $149,014,659 | $29,356,457 | $119,658,202 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,636,673
- of which government grants
- $340,491
- Program service revenue
- $42,606,193
- Investment income
- $6,638,647
- Net rental income
- $54,201
- Net gain from sales of assets
- $3,946,485
- Net income from fundraising events
- -$6,776
- Other revenue
- $268,145
Expenses
- Grants and similar amounts paid
- $21,108,951
- Compensation of officers, directors and key employees
- $1,333,811
- Other salaries and wages
- $12,016,738
- Salaries, compensation and benefits (total)
- $15,884,598
- Professional fundraising fees
- $131,815
- Legal fees
- $207,072
- Accounting fees
- $92,085
- Travel
- $402,859
- Depreciation
- $3,687,562
- Program services (functional)
- $49,651,868
- Management and general (functional)
- $4,288,142
- Fundraising (functional)
- $1,232,553
Balance sheet and other
- Total assets, start of year
- $154,479,400
- Total assets, end of year
- $157,442,974
- Total liabilities, end of year
- $30,032,242
- Net assets, end of year
- $127,410,732
- Land, buildings and equipment
- $48,060,434
- Publicly traded securities
- $84,535,437
- Net assets without donor restrictions
- $47,778,731
- Net assets with donor restrictions
- $79,632,001
- Gross unrelated business income
- -$7,528
- Gross receipts
- $90,779,538
- Employees
- 758
- Volunteers
- 75
- Year formed
- 1937
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kerry Prather | President Officer | 40 | $354,937 | $43,010 |
| Andrew Hendricks | VP of Enrollment & Marketing Officer | 40 | $190,513 | $17,328 |
| Kevin Honigford | Vice President and Chief Financial Officer Officer | 40 | $175,451 | $21,246 |
| Kristin Flora | Vice President for Academic Affairs & Dean of the College Officer | 40 | $168,736 | $18,372 |
| Andrew Jones | Vice President for Student Development & Dean of Students Officer | 40 | $143,294 | $22,458 |
| Jasmina Cheeseman | Program Director & Assistant Professor Highest-paid employee | 40 | $146,434 | $13,015 |
| Nora Brems | Vice President of Development and Alumni Engagement Officer | 40 | $137,857 | $7,169 |
| Benjamin O'Neal | Associate Professor of Biology Highest-paid employee | 40 | $100,386 | $14,023 |
| Arbin Thapaliya | Assistant Professor of Physics Highest-paid employee | 40 | $101,191 | $10,488 |
| Cathy Dunn | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| David Dunkle | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Deana Haworth | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| James Napolitan | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| John Auld Jr | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Peter Cangany | Chair of the Board Trustee or director, Officer | 2 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert DeVoss | Vice Chair Trustee or director, Officer | 2 | $0 |
| Sean Thomasson | Vice Chair Trustee or director, Officer | 2 | $0 |
| Susan DeVoss | Secretary Trustee or director, Officer | 2 | $0 |
| Susan Williams | Vice Chair Trustee or director, Officer | 2 | $0 |
| Theressa Wright | Vice Chair Trustee or director, Officer | 2 | $0 |
| Todd Bemis | Vice Chair Trustee or director, Officer | 2 | $0 |
| Worthe Holt Jr | Vice Chair Trustee or director, Officer | 2 | $0 |
| Amber Elwood | Trustee Trustee or director | 2 | $0 |
| Bill Cox | Trustee Trustee or director | 2 | $0 |
| Billie Dragoo | Trustee Trustee or director | 2 | $0 |
| Brad Rateike | Trustee Trustee or director | 2 | $0 |
| Daniel Hann | Trustee Trustee or director | 2 | $0 |
| DAVID BYERS | Trustee Trustee or director | 2 | $0 |
| David Wantz | Trustee Trustee or director | 2 | $0 |
| Devin Anderson | Trustee Trustee or director | 2 | $0 |
| Illene Roggensack | Trustee Trustee or director | 2 | $0 |
| James Due | Trustee (Until September 2024) Trustee or director | 2 | $0 |
| John Talley | Trustee Trustee or director | 2 | $0 |
| Jon Almeras | Trustee Trustee or director | 2 | $0 |
| JULIE GILMORE | Trustee Trustee or director | 2 | $0 |
| Katharine Kruse | Trustee (Until February 2025) Trustee or director | 2 | $0 |
| Kevin Crowe | Trustee Trustee or director | 2 | $0 |
| KRISTIN STPIERRE | TRUSTEE Trustee or director | 2 | $0 |
| Nadine Melind | Trustee (Began September 2024) Trustee or director | 2 | $0 |
| Rafael Sanchez Jr | Trustee Trustee or director | 2 | $0 |
| Richard Ellery | Trustee (Began February 2025) Trustee or director | 2 | $0 |
| Robert Brown | Trustee Trustee or director | 2 | $0 |
| Ron Bowsher | Trustee Trustee or director | 2 | $0 |
| Yolanda White | Trustee Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kerry Prather | President Officer | 40 | $344,963 | $59,763 |
| Dana Cummings | Vice President Development and Alumni Engagement (Until March 2024) Officer | 40 | $166,130 | $40,261 |
| Andrew Hendricks | VP of Enrollment & Marketing Officer | 40 | $173,688 | $32,685 |
| Kevin Honigford | Vice President and Chief Financial Officer Officer | 40 | $158,245 | $28,982 |
| Andrew Jones | Vice President for Student Development & Dean of Students Officer | 40 | $137,498 | $38,041 |
| Kristin Flora | Vice President for Academic Affairs & Dean of the College Officer | 40 | $151,198 | $23,785 |
| Jasmina Cheeseman | Program Director & Assistant Professor Highest-paid employee | 40 | $137,705 | $17,269 |
| Cathy Dunn | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| David Dunkle | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Deana Haworth | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| James Napolitan | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| John Auld Jr | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Peter Cangany | Chair of the Board Trustee or director, Officer | 2 | $0 | $0 |
| Robert DeVoss | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Sean Thomasson | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Susan DeVoss | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Susan Williams | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Theressa Wright | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Todd Bemis | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Worthe Holt Jr | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Amber Elwood | Trustee Trustee or director | 2 | $0 | $0 |
| Bill Cox | Trustee Trustee or director | 2 | $0 | $0 |
| Billie Dragoo | Trustee Trustee or director | 2 | $0 | $0 |
| Brad Rateike | Trustee (Beg DEC 2024) Trustee or director | 2 | $0 | $0 |
| Daniel Hann | Trustee Trustee or director | 2 | $0 | $0 |
| DAVID BYERS | Trustee Trustee or director | 2 | $0 | $0 |
| David Wantz | Trustee Trustee or director | 2 | $0 | $0 |
| Devin Anderson | Trustee Trustee or director | 2 | $0 | $0 |
| Illene Roggensack | Trustee (Beg May 2024) Trustee or director | 2 | $0 | $0 |
| James Due | Trustee Trustee or director | 2 | $0 | $0 |
| John Talley | Trustee Trustee or director | 2 | $0 | $0 |
| Jon Almeras | Trustee Trustee or director | 2 | $0 | $0 |
| JULIE GILMORE | Trustee Trustee or director | 2 | $0 | $0 |
| Katharine Kruse | Trustee Trustee or director | 2 | $0 | $0 |
| Kevin Crowe | Trustee Trustee or director | 2 | $0 | $0 |
| KRISTIN STPIERRE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| Rafael Sanchez Jr | Trustee Trustee or director | 2 | $0 | $0 |
| Randy Stocklin | Trustee (Until February 2024) Trustee or director | 2 | $0 | $0 |
| Robert Brown | Trustee Trustee or director | 2 | $0 | $0 |
| Ron Bowsher | Trustee Trustee or director | 2 | $0 | $0 |
| Yolanda White | Trustee Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kerry Prather | President Officer | 40 | $355,836 | $57,413 |
| Dana Cummings | Vice President Development and Alumni Engagement Officer | 40 | $166,047 | $39,308 |
| Kevin Honigford | Vice President and Chief Financial Officer Officer | 40 | $157,730 | $28,145 |
| Andrew Jones | Vice President for Student Development & Dean of Students Officer | 40 | $137,163 | $38,038 |
| Kristin Flora | Vice President for Academic Affairs & Dean of the College Officer | 40 | $149,188 | $23,503 |
| Jasmina Cheeseman | Program Director & Assistant Professor Highest-paid employee | 40 | $133,999 | $17,001 |
| Andrew Hendricks | VP of Enrollment & Marketing/Athletic Director/Head Swimming & Diving Coach Officer | 40 | $121,180 | $29,147 |
| Thanda Maceo | Vice President of Enrollment & Marketing (Until August 2022) Officer | 40 | $109,878 | $16,070 |
| David Dunkle | Trust (until Oct 2022), Vice Chair (beg Oct 2022) Trustee or director, Officer | 2 | $0 | $0 |
| Deana Haworth | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Douglas Tillman | Vice Chair (Until October 2022) Trustee or director, Officer | 2 | $0 | $0 |
| James Napolitan | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| John Auld Jr | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| John Talley | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Katharine Kruse | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Peter Cangany | Chair of the Board Trustee or director, Officer | 2 | $0 | $0 |
| Robert Brown | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Robert DeVoss | Trust (until Oct 2022), Vice Chair (beg Oct 2022) Trustee or director, Officer | 2 | $0 | $0 |
| Susan DeVoss | Vice Chair (until Oct 2022), Secretary (beg Oct 2022) Trustee or director, Officer | 2 | $0 | $0 |
| Susan Williams | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Theressa Wright | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Worthe Holt Jr | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Amber Elwood | Trustee Trustee or director | 2 | $0 | $0 |
| Billie Dragoo | Trustee Trustee or director | 2 | $0 | $0 |
| Carol Tumey | Trustee (until October 2022) Trustee or director | 2 | $0 | $0 |
| Cathy Dunn | Trustee Trustee or director | 2 | $0 | $0 |
| Daniel Hann | Trustee Trustee or director | 2 | $0 | $0 |
| David Wantz | Trustee Trustee or director | 2 | $0 | $0 |
| Devin Anderson | Trustee Trustee or director | 2 | $0 | $0 |
| E Lynn Grayson | Trustee (until October 2022) Trustee or director | 2 | $0 | $0 |
| James Due | Trustee Trustee or director | 2 | $0 | $0 |
| Jon Almeras | Trustee Trustee or director | 2 | $0 | $0 |
| Kevin Crowe | Trustee Trustee or director | 2 | $0 | $0 |
| Michael O'Dell | Trustee (until October 2022) Trustee or director | 2 | $0 | $0 |
| Rafael Sanchez Jr | Trustee Trustee or director | 2 | $0 | $0 |
| Randy Stocklin | Trustee Trustee or director | 2 | $0 | $0 |
| Ron Bowsher | Trustee Trustee or director | 2 | $0 | $0 |
| Sean Thomasson | Trustee Trustee or director | 2 | $0 | $0 |
| Todd Bemis | Trustee Trustee or director | 2 | $0 | $0 |
| Yolanda Askew | Trustee (until May 2023) Trustee or director | 2 | $0 | $0 |
| Yolanda White | Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 BRANIGIN BLVD, FRANKLIN, IN 46131-2598
- Principal officer (990 for 2024)
- Kevin Honigford, 101 Branigin Blvd, Franklin, IN 46131
- Signed the 990
- Kevin Honigford, Vice President and CFO
- Phone
- (317) 738-8000
- Website
- www.franklincollege.edu
- Return prepared by
- CROWE LLP
Mission
Franklin College empowers students through an experiential education, grounded in the liberal arts and sciences, promoting impactful careers and meaningful lives.
Program accomplishments
- SCHOLARSHIPS - GRANTS TO STUDENTS TO REDUCE STUDENTS' COST OF ATTENDANCE.Expenses $21,108,951 · grants $21,108,951
- INSTRUCTION - DESIGNING AND DELIVERING THE ACADEMIC CURRICULUM FOR UNDERGRADUATE AND GRADUATE STUDENTS.Expenses $19,543,085 · revenue $35,460,508
- STUDENT SERVICES - ACTIVITIES RELATED TO STUDENTS' LIVES OUTSIDE THE CLASSROOM. THIS INCLUDES: STUDENT AFFAIRS, RESIDENCE LIFE, COLLEGE CHAPLAIN, ADMISSIONS, FINANCIAL AID OFFICE, ACADEMIC RECORDS, AND ATHLETICS.Expenses $8,999,832 · revenue $7,354,299
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0868086
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1937
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $157,442,974
- Income (IRS master file)
- $90,779,538
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $56,149,658 | $55,172,563 | $157,442,974 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $53,485,375 | $52,908,332 | $154,479,400 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $45,024,560 | $52,368,802 | $149,014,659 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $51,278,837 | $50,621,990 | $144,719,563 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0868086).
Questions about FRANKLIN COLLEGE OF INDIANA
- What is the EIN of FRANKLIN COLLEGE OF INDIANA?
- The employer identification number (EIN) of FRANKLIN COLLEGE OF INDIANA is 35-0868086.
- Is FRANKLIN COLLEGE OF INDIANA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1937.
- Are donations to FRANKLIN COLLEGE OF INDIANA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN COLLEGE OF INDIANA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN COLLEGE OF INDIANA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN COLLEGE OF INDIANA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRANKLIN COLLEGE OF INDIANA?
- The 990 for the year ended June 30, 2025 names Kevin Honigford.
- Who are the officers and directors of FRANKLIN COLLEGE OF INDIANA?
- The 990 for the year ended June 30, 2025 lists 44 people; 9 received compensation from the organization, the highest $354,937 (Kerry Prather, President).
- How much revenue does FRANKLIN COLLEGE OF INDIANA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,149,658, expenses of $55,172,563 and total assets of $157,442,974 at year end.
Other nonprofits in FRANKLIN
- COMMUNITY INVOLVEMENT IN LEARNING INC EIN 35-2082528 · last filed 990 for 2025
- FCHS CHORAL BOOSTERS INC EIN 46-5158615 · last filed 990 for 2025
- IMAGINATION LIBRARY OF JOHNSON COUNTY INC EIN 85-0936201 · last filed 990-EZ for 2025
- HERITAGE BAPTIST COLLEGE EIN 26-0693179 · last filed 990-EZ for 2026
- INDIANA DELTA HOUSE CORPORATION EIN 23-7400586 · last filed 990 for 2024
- FRANKLIN COMMUNITY HIGH SCHOOL FFA ALUMNI AND AGRICULTURE EDUCATION EIN 27-2422656 · last filed 990-EZ for 2024
- GILMORE SCHOLARSHIP TR UW FBO FRANKLIN COMMUNITY HIGH SCHOOL EIN 35-6700223 · last filed 990-PF for 2025
- GILMORE SCHOLARSHIP TR UW FBO SULLIVAN HIGH SCHOOL EIN 35-6700224 · last filed 990-PF for 2025