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Filing year 2023

FRANKLIN UNIVERSITY

Columbus, Ohio·EIN 31-0707369·3
Total revenue
$94.7M
Total assets
$143.9M
Total expenses
$89.2M
Reported officers
38
Mission

Since 1902, Franklin University has been a pioneer in meeting the needs of adult students who have the ambition to continue their education in combination with other responsibilities, receiving its status as a tax exempt organization in 1964. As a learner-centered institution of higher education, the four cornerstones of the Franklin educational philosophy are (a) Ensuring academic quality (b) Providing equal access to educational opportunities (c) Adapting to the needs of students (d) Responding to changes in society, professions, and the business community. Franklin continuously seeks and appreciates strategic partner relationships that support our learning environment and experiences of our students. Investments from strategic partners may include contributions for student scholarships as well as contributions to enhance program offerings, facilities, and technology.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2023

$1.4M
$1.6M
Base
$532k
Bonus
$844k
Other
$2k
Benefits
$15k
Provost and Svp-academic Affairs
key employee
$423k
$467k
Base
$269k
Bonus
$103k
Other
Benefits
$20k
SVP Global Programs & Strategic Initiatives
senior vice president
$419k
$463k
Base
$269k
Bonus
$103k
Other
Benefits
$22k
Chief of Staff & SVP Administration
senior vice president
$417k
$461k
Base
$268k
Bonus
$103k
Other
Benefits
$15k
SVP and Chief Information Officer
chief information officer
$390k
$430k
Base
$246k
Bonus
$94k
Other
Benefits
$20k
Treasurer/svp-chief Financial Officer
$386k
$426k
Base
$245k
Bonus
$94k
Other
Benefits
$15k
Vp-strategic Alliances
key employee
$342k
$378k
Base
$218k
Bonus
$83k
Other
Benefits
$10k
Vp-student Affairs
key employee
$341k
$377k
Base
$218k
Bonus
$83k
Other
Benefits
$11k
Vp-campus Services
key employee
$313k
$345k
Base
$192k
Bonus
$71k
Other
$3k
Benefits
$20k
VP Operations, Franklin Learning Solutions
vice president
$303k
$334k
Base
$203k
Bonus
$39k
Other
$16k
Benefits
$20k
Vp-financial Services
highest compensated employee
$279k
$309k
Base
$203k
Bonus
$41k
Other
Benefits
$16k
Dean, College of Business
highest compensated employee
$248k
$274k
Base
$161k
Bonus
$26k
Other
$30k
Benefits
$10k
Dean Doctoral Studies and Academic Research
highest compensated employee
$226k
$250k
Base
$161k
Bonus
$27k
Other
$9k
Benefits
$10k
Dean, College of Health
highest compensated employee
$216k
$238k
Base
$161k
Bonus
$30k
Other
$3k
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 24 unpaid individuals.

Up 38%
from 2022

From $1M in 2022 to $1.4M in 2023.

$1M
2022
$1.4M
2023
In today's dollarsEst.
Up 33% in real terms$1.2M to $1.6M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FRANKLIN UNIVERSITY reported revenue and expenses across 2 filing years.

RevenueExpenses
$87.7M
$88.5M
2022
$94.7M
$89.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
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