Franklin University Switzerland Inc
- Assets
- $52.2m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 12/1971
- Data as of
- 06/2022
- EIN
- 23-7075717
Organization Overview
Franklin University Switzerland Inc is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Franklin University Switzerland Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin University Switzerland Inc 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 06/2022, Franklin University Switzerland Inc generated $25.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $22.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION ON AN INTERNATIONAL LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF AN ACCREDITED UNIVERSITY WITH AN AVERAGE ENROLLMENT OF 309 UNDERGRADUATE STUDENTS AND 19 GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr P Gregory Warden President | Officer | 40 | $390,554 |
Dr Tomaso Rizzi VP For Finance & Admin | Officer | 40 | $212,397 |
Branko Sain Dean | Officer | 40 | $160,121 |
Andrea Terzi Professor | 40 | $145,716 | |
Andrew Starcher Dean | Officer | 40 | $139,032 |
Anne Marie Judge VP For Advancement | Officer | 40 | $135,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Afry Svizzera Sa Engineering | 6/29/22 | $315,813 |
Quadri Sa Construction | 6/29/22 | $7,978,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,325,788 |
| Noncash contributions included in lines 1a–1f | $120,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,325,788 |
| Total Program Service Revenue | $21,059,219 |
| Investment income | $192,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,342 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $246 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,085,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,774,418 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,087,104 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,002,556 |
| Pension plan accruals and contributions | $266,319 |
| Other employee benefits | $132,365 |
| Payroll taxes | $598,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $195,184 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $584,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,354,363 |
| Insurance | $0 |
| All other expenses | -$2,064,172 |
| Total functional expenses | $22,700,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,873,420 |
| Savings and temporary cash investments | $1,405,574 |
| Pledges and grants receivable | $97,616 |
| Accounts receivable, net | $99,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,635 |
| Prepaid expenses and deferred charges | $1,036,705 |
| Net Land, buildings, and equipment | $21,841,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,789,047 |
| Total assets | $52,190,459 |
| Accounts payable and accrued expenses | $192,229 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $29,990,674 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,060,238 |
| Total liabilities | $41,243,141 |
| Net assets without donor restrictions | $2,032,074 |
| Net assets with donor restrictions | $8,915,244 |
| 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 | $52,190,459 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Franklin University Switzerland Inc has recieved totaling $16,800.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,300 |
L & H Foundation Portland, OR PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $1,817,026 |
| Earnings | $192,060 |
| Net Contributions | $41,764 |
| Ending Balance | $1,892,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albertus Magnus College New Haven, CT | $71,777,424 | $46,097,293 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Cambridge College Inc Boston, MA | $83,415,943 | $41,615,020 |
College Of Our Lady Of The Elms Chicopee, MA | $76,626,054 | $46,446,695 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |
Cazenovia College Cazenovia, NY | $61,316,762 | $34,879,477 |
Saint Elizabeth University Morristown, NJ | $73,861,677 | $41,908,797 |
Paul Smiths College Of Arts And Sciences Paul Smiths, NY | $83,057,888 | $35,545,491 |
Academy Of The New Church Bryn Athyn, PA | $413,557,048 | $53,821,193 |
Wilson College Chambersburg, PA | $116,652,606 | $41,060,333 |
Houghton University Houghton, NY | $128,730,517 | $37,909,785 |