Franklin Pierce University
- Assets
- $92.8m
- Revenue
- $85.8m
- Investments
- $0.0
- Employees
- 1,154
- Location
- Rindge, NH
- Founding
- 07/1963
- Data as of
- 05/2023
- EIN
- 02-0263136
Organization Overview
Franklin Pierce University is located in Rindge, NH. The organization was established in 1963. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Franklin Pierce University employed 1,154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Pierce University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Franklin Pierce University generated $85.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $86.8m during the year ending 05/2023. While expenses have increased by 2.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRANKLIN PIERCE UNIVERSITY EMBRACES AN EDUCATION THAT MATTERS: ONE THAT ACHIEVES SUCCESS THROUGH THE INTEGRATION OF LIBERAL ARTS AND PROFESSIONAL PROGRAMS.
Describe the Organization's Program Activity:
FRANKLIN PIERCE UNIVERSITY SERVES TRADITIONAL AND NONTRADITIONAL STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL. AWARDS ARE OFFERED FROM THE CERTIFICATE LEVEL THROUGH THE DOCTORAL LEVEL. CREDIT AND NON-CREDIT BEARING COURSES ARE AVAILABLE, AND MANY PROGRAMS ARE AVAILABLE ONLINE. DEGREE COMPLETION PROGRAMS ARE AVAILABLE AND THE UNIVERSITY WELCOMES TRANSFER STUDENTS AT ALL INSTRUCTIONAL LOCATIONS.UNDERGRADUATE FALL ENROLLMENT TOTAL HEADCOUNT = 1172TRADITIONAL UNDERGRADUATE = 1073NONTRADITIONAL/ONLINE = 99GRADUATE FALL ENROLLMENT TOTAL HEADCOUNT = 545STUDENT FACULTY RATIO = 12:1AVERAGE CLASS SIZE = 16UNDERGRADUATE AWARDS:UNDERGRADUATE CERTIFICATE (MULTIPLE LEGAL AND HUMAN SERVICES CONCENTRATIONS)ASSOCIATE OF ARTS (MULTIPLE BUSINESS, LEGAL AND HUMAN SERVICES CONCENTRATIONS)BACHELOR OF ARTS (MULTIPLE LIBERAL ARTS/HUMANITIES CONCENTRATIONS)BACHELOR OF SCIENCE (MULTIPLE BIOLOGICAL, HEALTH, AND ENVIRONMENTAL SCIENCE CONCENTRATIONS; BUSINESS AND COMMUNICATIONS CONCENTRATIONS)GRADUATE AWARDS:M.B.A. IN LEADERSHIPM.B.A. IN ENERGY & SUSTAINABILITY STUDIESM.B.A. IN HUMAN RESOURCE MANAGEMENTM.B.A. IN HEALTH ADMINISTRATIONM.B.A IN ACCOUNTINGM.B.A. IN SENIOR CARE MANAGEMENTM.B.A. IN SPORTS MANAGEMENTMASTER OF SCIENCE IN ACCOUNTINGMASTER OF BUSINESS ADMINISTRATION - DUAL DEGREEMASTER OF EDUCATION & TEACHER CERTIFICATIONM.ED ELEMENTARY (K-6 OR K-8)M.ED SOCIAL SCIENCES (5-8 OR 5-12)M.ED LIFE SCIENCES (7-12)M.ED ENGLISH LANGUAGE ARTS (5-8 OR 5-12)M.ED GENERAL SPECIAL EDUCATION (K-12)M.ED LEADERSHIPMASTER OF PHYSICIAN ASSISTANT STUDIESM.S. IN NURSING EDUCATIONM.S. IN NURSING LEADERSHIPDOCTOR OF PHYSICAL THERAPYGRADUATE CERTIFICATE (MULTIPLE BUSINESS, NURSING & EDUCATION)STUDENT:FACULTY RATIO: 12:1AVERAGE CLASS SIZE: 16UNDERGRADUATE AREAS OF STUDY:ACCOUNTING/FINANCE, BIOLOGY, COMMUNICATION, CRIMINAL JUSTICE, DIGITAL MEDIA DESIGN, EDUCATION, EMERGENCY MEDICAL SERVICES, ENGLISH, ENVIRONMENTAL SCIENCE, ENVIRONMENTAL STUDIES, HEALTHCARE ADMINISTRATION, HEALTH SCIENCES, HISTORY, INTEGRATED STUDIES,MANAGEMENT, MARKETING, MUSIC, NURSING, POLITICAL SCIENCE, PSYCHOLOGY, SPORTS AND RECREATION MANAGEMENT, SPORTS MEDIA, EDUCATION STUDIES, HUMAN SERVICES.GRADUATE AREAS OF STUDY:BUSINESS ADMINISTRATION IN ENERGY AND SUSTAINABILITY STUDIES, BUSINESS ADMINISTRATION IN HUMAN RESOURCE MANAGEMENT, BUSINESS ADMINISTRATION IN LEADERSHIP, BUSINESS ADMINISTRATION IN SPORTS MANAGEMENT, BUSINESS IN HEALTH ADMINISTRATION, EDUCATION, HEALTH ADMINISTRATION, HUMAN RESOURCE MANAGEMENT, LEADERSHIP, NURSING ADMINISTRATION, NURSING EDUCATION, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES.MBA TRACKS ARE AVAILABLE AS AN ACCELERATED PROGRAM THROUGH THE COLLEGE OF BUSINESS AND SEVERAL PROGRAMS ARE AVAILABLE ONLINE.ACCREDITATION:FRANKLIN PIERCE UNIVERSITY IS ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION (NECHE). IN NOVEMBER 2018, FRANKLIN PIERCE WAS ACCORDED FULL RE-ACCREDITATION BY NECHE WITH THE NEXT COMPREHENSIVE EVALUATION SCHEDULED FOR FALL 2028.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derica Carty Trustee | Trustee | 1 | $0 |
Elizabeth Dipietro Trustee | Trustee | 1 | $0 |
Steve Duprey Trustee | Trustee | 1 | $0 |
Genevieve Mcgillicuddy Trustee | Trustee | 1 | $0 |
Dominick Miciotta Trustee | Trustee | 1 | $0 |
Robert Riley Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 5/30/23 | $2,972,372 |
Eab Student Recruiting Services | 5/30/23 | $920,587 |
Securitas Security Services Usa Inc Security | 5/30/23 | $673,725 |
Wso Plus Inc Waste Water Treatment | 5/30/23 | $484,312 |
Ata Construction Construction | 5/30/23 | $484,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,250 |
| Related organizations | $0 |
| Government grants | $4,134,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,169,757 |
| Noncash contributions included in lines 1a–1f | $21,363 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,335,315 |
| Total Program Service Revenue | $78,735,810 |
| Investment income | $956,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$224,256 |
| Net Income from Fundraising Events | $2,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,806,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,191,754 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,003,380 |
| Compensation of current officers, directors, key employees. | $1,003,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,971,746 |
| Pension plan accruals and contributions | $771,199 |
| Other employee benefits | $4,382,429 |
| Payroll taxes | $1,531,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,471 |
| Fees for services: Accounting | $196,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168,208 |
| Fees for services: Other | $4,703,368 |
| Advertising and promotion | $347,134 |
| Office expenses | $1,016,849 |
| Information technology | $543,988 |
| Royalties | $0 |
| Occupancy | $5,818,853 |
| Travel | $237,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,174,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,166,176 |
| Insurance | $946,748 |
| All other expenses | $0 |
| Total functional expenses | $86,816,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,131,809 |
| Savings and temporary cash investments | $702,644 |
| Pledges and grants receivable | $8,876,787 |
| Accounts receivable, net | $830,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $649,286 |
| Inventories for sale or use | $131,689 |
| Prepaid expenses and deferred charges | $1,175,070 |
| Net Land, buildings, and equipment | $42,497,550 |
| Investments—publicly traded securities | $20,292,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,091,389 |
| Other assets | $373,921 |
| Total assets | $92,753,056 |
| Accounts payable and accrued expenses | $3,978,276 |
| Grants payable | $0 |
| Deferred revenue | $3,934,536 |
| Tax-exempt bond liabilities | $29,281,012 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,310,076 |
| Total liabilities | $46,503,900 |
| Net assets without donor restrictions | $34,248,426 |
| Net assets with donor restrictions | $12,000,730 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $92,753,056 |