2025-02-11T11:02:30-08:00 2024-06-30 112472100 PALMETTO MOLLO MOLINARO & PASSARELLO LLP 515 BROADHOLLOW ROAD SUITE 800 Melville NY 11747 990 2023-07-01 237075717 FRANKLIN UNIVERSITY SWITZERLAND INC FRAN 2129229650 405 LEXINGTON AVENUE 26TH FL NEW YORK NY 10174 PAUL C LOWERRE Chairman 2025-02-11 true true Robert Molinaro P00104013 6317618989 2023 2025-03-06 01:10:19Z PAUL C LOWERRE 405 LEXINGTON AVENUE 26TH FL NEW YORK NY 10174 27502155 false X WWW.FUS.EDU X 1970 DE FRANKLIN UNIVERSITY IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE AN EDUCATION ON AN INTERNATIONAL BASIS. 17 0 8 0 3419871 3093485 22297337 23543533 177131 366839 337630 448353 26231969 27452210 7147722 6716337 0 8190623 9431510 0 498577 10154149 10682852 25492494 26830699 739475 621511 58082755 59069837 46395962 46761533 11686793 12308304 FRANKLIN UNIVERSITY IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE AN EDUCATION ON AN INTERNATIONAL BASIS. false false 14452020 6716337 448353 OPERATIONS OF AN ACCREDITED UNIVERSITY WITH AN AVERAGE ENROLLENT OF 375 UNDERGRADUATE STUDENTS AND 9 GRADUATE STUDENTS. 14452020 true true false false false false false true false true true false false false true false true false true true true false true false false false false false false true false false false false false false false false true false false false false false false false false true 297 0 true 8 true false true OC false false false false false 0 false false false false false false false X 17 0 false false false false false false false true true false false true true true true true true true true false NY X PALMETTOMOLLOMOLINARO 6317618989 515 BROADHOLLOW ROAD SUITE 800 MELVILLE NY 11747 X X totals 0.00 0.00 1341213 0 0 DR FULVIO PELLI Trustee 1.00 0.00 X 0 0 0 DENISE H ALFELD Trustee 0.00 0.00 X 0 0 0 LAURENT BELET Trustee 0.00 0.00 X 0 0 0 JENNIFER H BERG Trustee 0.00 0.00 X 0 0 0 LUSYD E DOOLITTLE Trustee 0.00 0.00 X 0 0 0 STANLEY M ELLIS Trustee 0.00 0.00 X 0 0 0 LUCIUS L FOWLER Trustee 0.00 0.00 X 0 0 0 DEIRDRE KINNEY-BRENNAN Trustee 0.00 0.00 X 0 0 0 PAUL C LOWERRE Chairman 0.00 0.00 X 0 0 0 KEVIN W MCNEELY Trustee 0.00 0.00 X 0 0 0 DR JEFFREY REIMER Trustee 0.00 0.00 X 0 0 0 PHILIP RENAUD Trustee 0.00 0.00 X 0 0 0 CHRISTOPHER SCHOLZ Trustee 0.00 0.00 X 0 0 0 AUSTIN TOMLINSON Trustee 0.00 0.00 X 0 0 0 PASCAL F TONE Trustee 0.00 0.00 X 0 0 0 JAY TUCKER Trustee 0.00 0.00 X 0 0 0 CABELL GOOLSBY WEST Trustee 0.00 0.00 X 0 0 0 1341213 1 false true false ELECTRIC CLAUDIO MERLO VIA INDUSTRIA 1 6807 TAVERNE SZ ELECTRICAL 147172 GIOVANNI QUADRI SA VIA CHIOSO 9 6814 CADEMPINO SZ CONSTRUCTION 669312 Spinelli SA Via G Motta 62 6908 Massagno SZ ELECTRICAL 111731 3 3093485 89728 3093485 AUXILIARY ENTERPRISES 611710 5234730 5234730 EDUCATIONAL ACTIVITIES 611710 1678795 1678795 TUITION & FEES 611710 16630008 16630008 23543533 366839 366839 0 0 64320 64320 64320 64320 0 0 0 32810 49945 -17135 -17135 OTHER OPERATING REVENUE 611710 401168 401168 401168 27452210 23927566 431159 0 0 6716337 6716337 0 1341213 1205360 135853 0 6949705 3345474 3460019 144212 305468 121995 176633 6840 153575 61970 86417 5188 681549 275012 383514 23023 0 222434 222434 215841 215841 0 0 0 512932 87850 392667 32415 0 0 0 0 0 1967399 1593184 355745 18470 0 0 728911 728911 0 2078340 2078340 147615 21510 126105 STUDENT EXP. & ACTIVITIES 1111339 1111339 BUILDING & RESIDENCE EXP. 1081500 616827 464673 OFFICE,PUBLISHING & TECHNOLOGY 704817 5756 650019 49042 PENSION RELATED CHANGES 474281 474281 1437443 494766 859143 83534 26830699 14452020 11880102 498577 4910347 3663246 1581013 2952027 31874 18775 90000 126558 0 0 0 71571 52794 744337 777574 77112208 27143933 22995318 49968275 0 0 0 0 27658295 1510588 58082755 59069837 398517 785753 35707838 35107237 10289607 10868543 46395962 46761533 X 3792379 6004514 7894414 6303790 11686793 12308304 58082755 59069837 621511 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 373000 X false 3199404 926250 309097 293000 4141751 1892850 1152597 161957 8000 3199404 1817026 41764 192060 2050850 1389394 20200 66272 1475866 1316718 13850 58826 1389394 1.00000 false false false 7673342 7673342 60592964 19723441 40869523 8472902 7420492 1052410 373000 373000 49968275 ACCRUED EXPENSES 1905929 LEASE LIABILITY 1362592 OTHER LOANS PAYABLE 4505782 PENSION BENEFITS 1604391 TUITION & ROOM DEPOSITS 1489849 10868543 20785818 -6716337 -6716337 27502155 -49945 -49945 27452210 20164307 49945 49945 20114362 6716337 6716337 26830699 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD-included in expenses $49945 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIP & FELLOWSHIP (INCLUDE IN RE $6716337 true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized FRANKLIN'S DISCRIMINATION POLICY IS INCLUDED ON ITS WEBSITE AS WELL AS IN ITS ACADEMIC CATALOG WHICH IS DISTRIBUTED UPON REQUEST. IT STATES "FRANKLIN UNIVERSITY DOES NOT DISCRIMINATE IN ITS ADMISSION AND FINANCIAL AID POLICIES AND PRACTICES ON THE BASIS OF FACTORS SUCH AS RACE, SEX, SEXUAL ORIENTATION, AGE, COLOR, RELIGION OR REGIONAL ORIGIN." Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race true SWITZERLAND 1 107 PROGRAM SERVICES EDUCATION 0 1 107 1 107 CCIS DISCOUNTS SWITZERLAND 5 50806 CREDIT TO ACCOU N/A N/A FINANCIAL AID SWITZERLAND 145 2075295 CREDIT TO ACCOU N/A N/A FLY FREE AWARDS SWITZERLAND 81 107782 CREDIT TO ACCOU N/A N/A INSTITUTIONAL AGREEMENTS SWITZERLAND 6 55818 CREDIT TO ACCOU N/A N/A LIFE-LONG LEARNING SCHOLARSHIPS SWITZERLAND 208 129322 CREDIT TO ACCOU N/A N/A MERIT AID SWITZERLAND 232 4125765 CREDIT TO ACCOU N/A N/A Residence Supervisors SWITZERLAND 28 171549 CREDIT TO ACCOU N/A N/A false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US STUDENT RECIPIENTS OF SCHOLARSHIPS AND MERIT AWARDS ARE SELECTED BY THE UNIVERSITY BASED ON A NUMBER OF QUALIFICATIONS INCLUDING: FOR FINANCIAL AID, A STUDENT MUST DEMONSTRATE A FINANCIAL NEED BASED ON THE STUDENT'S FAFSA. THE STUDENT'S GPA IS ALSO CONSIDERED AND MUST BE AT LEAST 2.5. OTHER AWARDS REQUIRE A GPA OF AT LEAST 2.8. X X true true X X false false false false false false false false false totals 1341213 1341213 Part I, Line 1a: Relevant information in regards to selections on 1a. THE PRESIDENT, AS WELL AS HIS WIFE, ARE ENTITLED TO FIRST-CLASS TRAVEL FOR THOSE TRIPS CONSIDERED FOR THE BENEFIT OF THE INSTITUTION. ALSO, HE IS ENTITLED TO A HOUSING ALLOWANCE FOR HOUSING WHICH IS IN CLOSE PROXIMITY TO CAMPUS. COMPENSATION AND SOME BENEFITS ARE TAXABLE UNDER LOCAL SWISS LAW, HOWEVER BOTH ITEMS INDICATED ABOVE ARE NOT CONSIDERED TAXABLE COMPENSATION AND THEREFORE, NOT TREATED AS SUCH. Part III, Additional Information PART II:WE HAVE NOT PROVIDED DETAILS CONCERNING COMPENSATION DUE TO SWISS PRIVACY LAW CONCERNS X 5 89728 FMV false true true Part I, Line 32, Hire and Use of Third Parties WHEN ON OCCASION CONTRIBUTED STOCK IS SOLD, IT IS BY A HIRED THIRD PARTY STOCKBROKER Form 990, Part VI, Section B, Line 11b THE TAX RETURN IS MAILED TO THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION FOR REVIEW. UPON APPROVAL BY THE VP, IT IS MAILED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR HIS REVIEW AND ULTIMATE APPROVAL. Form 990, Part VI, Section B, Line 12c MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AT THE EARLIEST POSSIBLE TIME, WHILE EMPLOYEES MUST DISCOSE ANY POTENTIAL CONFLICTS OF INTEREST TO HIS/HER IMMEDIATE SUPERVISOR, WHO IN TURN MUST INFORM THE VP OF FINANCE & ADMINISTRATION. ADDITIONALLY, ALL CONFLICTS ON THE BOARD ARE DISCLOSED IN WRITING TO THE TRUSTEES COMMITEE WHICH IS RESPONSIBLE FOR ISSUES OF GOVERNANCE. Form 990, Part VI, Section B, Line 15a THE BOARD OF TRUSTEES OF THE COLLEGE HAS A STANDING COMMITTEE FOR PRESIDENTIAL COMPENSATION COMPOSED OF THE CHAIR, VICE CHAIR AND, TWO TRUSTEES WITH SUBSTANTIAL EXPERIENCE IN MATTERS OF LEADERSHIP AND EXECUTIVE COMPENSATION MATTERS. IN DETERMINING COMPENSATION, THE COMMITTEE CONSIDERS COMPARATIVE DATA FROM OTHER INSTITUTIONS, INFORMATION DISSEMINATED AT THE ANNUAL CIC CONFERENCE AND THE CHRONICLE OF HIGHER EDUCATION, SPECIAL ISSUES RELATED TO FRANKLIN'S UNIQUE LOCATION AND CORPORATE STRUCTURE, AND AN ANNUAL EVALUATION OF PRESIDENTIAL PERFORMANCE. THIS PROCESS AND ALL ITS ELEMENTS HAVE BEEN REVIEWED AND APPROVED BY THE AUDIT PARTNER OF THE FIRM AUDITING THE COLLEGE'S FINANCIAL STATEMENTS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST. Part VII, page 7 WE HAVE NOT PROVIDED DETAILS CONCERNING COMPENSATION DUE TO SWISS PRIVACY LAW CONCERNS.