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FRANKLIN & MARSHALL COLLEGE

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Public IRS 990 nonprofit record

FRANKLIN & MARSHALL COLLEGE

EIN 23-1352635 · Education (B420)

What they do

FRANKLIN & MARSHALL COLLEGE is A RESIDENTIAL COLLEGE DEDICATED to EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. ITS AIMS ARE to INSPIRE IN YOUNG PEOPLE of HIGH PROMISE and DIVERSE BACKGROUNDS A GENUINE and ENDURING LOVE for LEARNING, to TEACH THEM to READ, WRITE, and THINK CRITICALLY, to INSTILL IN THEM THE CAPACITY for BOTH INDEPENDENT and COLLABORATIVE ACTION, and to EDUCATE THEM to EXPLORE and UNDERSTAND THE NATURAL, SOCIAL, and CULTURAL WORLDS IN WHICH THEY LIVE. IN SO DOING, THE COLLEGE SEEKS to FOSTER IN ITS STUDENTS QUALITIES of INTELLECT, CREATIVITY, and CHARACTER, THAT THEY MAY LIVE FULFILLING LIVES and CONTRIBUTE MEANINGFULLY to THEIR OCCUPATIONS, THEIR COMMUNITIES, and THEIR WORLD.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $75.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders54 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.91%of revenue went to mission work75.7% of expenses · Program services
2.85%of revenue went to fundraising2.9% of expenses
$97.60spent for every $100 of revenueRevenue covered expenses this year.
20.84%of revenue went to management and office costs21.4% of expenses
$4.55in assets for every $1 spent this yearSome assets cannot be spent right away.
8.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,006,395 for BARBARA K ALTMANN PHD (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$199,432,384
Mission workProgram services$147,397,08573.91% of revenue75.7% of expenses
ManagementOffice and general costs$41,571,47320.84% of revenue21.4% of expenses
FundraisingAsking for donations$5,686,6962.85% of revenue2.9% of expenses
Revenue left after expensesReported annual surplus$4,777,1302.40% of revenueShown in gray on the chart
Total expenses$194,655,25497.60% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 75.7% mission · 21.4% management · 2.9% fundraisingTotal expenses: 97.60% of revenue
2023Expense mix: 76.6% mission · 20.5% management · 2.9% fundraisingTotal expenses: 96.06% of revenue
2022Expense mix: 76.6% mission · 20.7% management · 2.7% fundraisingTotal expenses: 101.60% of revenue
2021Expense mix: 77.9% mission · 19.5% management · 2.6% fundraisingTotal expenses: 96.82% of revenue
2020Expense mix: 74.5% mission · 22.7% management · 2.8% fundraisingTotal expenses: 90.77% of revenue
2019Expense mix: 78.2% mission · 18.9% management · 2.9% fundraisingTotal expenses: 109.96% of revenue
2018Expense mix: 76.5% mission · 19.7% management · 3.9% fundraisingTotal expenses: 95.33% of revenue
2017Expense mix: 77.8% mission · 18.6% management · 3.6% fundraisingTotal expenses: 95.25% of revenue

Money in and money out

Revenue$199,432,384
Expenses$194,655,254
Annual surplus $4,777,130 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$147,397,085 · 75.7% of expenses
Management and office costs$41,571,473 · 21.4% of expenses
Fundraising$5,686,696 · 2.9% of expenses
See all reported dollar amounts
Revenue$199,432,384
Expenses$194,655,254
Assets$886,546,793
Income$387,193,761
Contributions$16,413,439
Mission work (program services)$147,397,085
Fundraising$5,686,696
Grants given$1,265,834
Average grant$38,359
Management and general$41,571,473
Stocks and bonds$108,819,954
Accounting fees$211,932
Investing fees$1,959,249
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BARBARA K ALTMANN PHDPRESIDENT · 60 hrs/week $1,006,395Base $723,111 · Other $283,284
SHAWN P CURTINVP FINANCE & ADMINISTRATION · 60 hrs/week $373,880Base $313,898 · Other $59,982
MARY OSIRIMINTERIM PROVOST & DEAN OF FACULTY · 60 hrs/week $368,075Base $319,550 · Other $48,525
CYNTHIA GORMANVP FOR COLLEGE ADVANCEMENT · 60 hrs/week $351,427Base $309,431 · Other $41,996
VALERIE L DEXTERVP LEGAL AFFAIRS & GEN. COUNSEL · 60 hrs/week $321,470Base $285,688 · Other $35,782
M LESLIE DAVIDSONVP FOR ENROLLMENT MANAGEMENT · 60 hrs/week $297,332Base $256,089 · Other $41,243
ANDREW STELLJESVP & DEAN OF STUDENT AFFAIRS · 60 hrs/week $275,784Base $225,933 · Other $49,851
BARBARA S STAMBAUGHVP FOR COMMUNICATIONS · 60 hrs/week $254,081Base $221,114 · Other $32,967
CARRIE E RAMPPVP & CHIEF INFORMATION OFFICER · 60 hrs/week $252,651Base $213,922 · Other $38,729
GRETCHEL L HATHAWAYVP FOR COMMUNITY & BELONGING · 60 hrs/week $242,568Base $210,819 · Other $31,749
ALAN CANIGLIAVP INSTL RES. & CHIEF STRAT. OFF. · 60 hrs/week $239,580Base $202,533 · Other $37,047
ALAN S GLAZERPROFESSOR OF BUSINESS · 40 hrs/week $214,154Base $185,486 · Other $28,668

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (54)

BARBARA K ALTMANN PHDPRESIDENT

SHAWN P CURTINVP FINANCE & ADMINISTRATION

MARY OSIRIMINTERIM PROVOST & DEAN OF FACULTY

CYNTHIA GORMANVP FOR COLLEGE ADVANCEMENT

VALERIE L DEXTERVP LEGAL AFFAIRS & GEN. COUNSEL

M LESLIE DAVIDSONVP FOR ENROLLMENT MANAGEMENT

ANDREW STELLJESVP & DEAN OF STUDENT AFFAIRS

BARBARA S STAMBAUGHVP FOR COMMUNICATIONS

CARRIE E RAMPPVP & CHIEF INFORMATION OFFICER

GRETCHEL L HATHAWAYVP FOR COMMUNITY & BELONGING

ALAN CANIGLIAVP INSTL RES. & CHIEF STRAT. OFF.

ALAN S GLAZERPROFESSOR OF BUSINESS

FREDERICK D BROWNGIFT OFFICER & DIR. SPECIAL PROJECTS

LAUREN M PACKERDIRECTOR, ATHLETICS & RECREATION

SEAN GALLOWAYAVP FINANCE AND CONTROLLER

MELANIE A DESANTISAVP HUMAN RESOURCES

ROBERT J BROOKS SRTRUSTEE

MICHAEL T ARNOLDTRUSTEE

MODIA J BUTLERTRUSTEE

MOHAMMED A ANJARWALATRUSTEE

NEIL B DAVIDOWITZ ESQTRUSTEE

PAIGE A COSTIGANTRUSTEE

PATRICIA E HARRISTRUSTEE - VICE CHAIR (UNTIL 08/24)

PAUL R BROWN PHDTRUSTEE

RAYMOND A SANSEVERINOTRUSTEE

RICARDO G RIVERSTRUSTEE

MATTHEW J MURPHYTRUSTEE (UNTIL 10/24)

ROBERT M KRASNE ESQTRUSTEE

ROBERT V DESANTISTRUSTEE

SAMEER ARORATRUSTEE

SCOTT D TAYLORTRUSTEE

SHAWN M JENKINSTRUSTEE

SUSAN KLINE KLEHRTRUSTEE - SENIOR VICE CHAIR

AKBAR HOSSAINTRUSTEE

JUDITH C FISHLOW MINTERTRUSTEE

DOUGLAS J MCCORMACK ESQTRUSTEE

DR JOAN M FALLONTRUSTEE

EDWARD D VAN DOLSENTRUSTEE

ERIC W NOLLCHAIR

FATOUMATA KEITATRUSTEE

COLLEEN ROSS WEISTRUSTEE

H ART TAYLOR ESQTRUSTEE - SENIOR VICE CHAIR

JOHN W GREENE JRTRUSTEE

JONATHAN E BABKOWTRUSTEE

MATTHEW N DESCHAMPSTRUSTEE

KATHERINE QUICK ROSATRUSTEE

KATHY HAY STINETRUSTEE

KENNETH B MEHLMANTRUSTEE - VICE CHAIR

LYNN J GREENBURGTRUSTEE

CHERYL J SCARBOROTRUSTEE

MARGERY A BRITTAINTRUSTEE

ANNE W FASSTRUSTEE (UNTIL 07/24)

MARY L SCHAPIRO LHDTRUSTEE - VICE CHAIR

DAVID H LEHMAN PHDTRUSTEE

About this charity

Recognized since
January 1934
Location
PO BOX 3003, LANCASTER, PA 17604-3003
County
Lancaster
In care of
% TINA BUTLER
Primary officer
SHAWN P CURTIN, VP FINANCE & ADMINISTRATION

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BAKER TILLY ADVISORY GROUP LP
NTEE classification
Education (B420)
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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