Nonprofit · EIN 04-2103576
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY
Also known as FRANKLIN FOUNDATION
Tax-exempt · BOSTON, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,514,755 | $23,902,540 | $2,612,215 | $49,978,288 | $35,304,367 | $14,673,921 |
| June 30, 2024 | 990 | $31,443,429 | $28,205,894 | $3,237,535 | $45,231,193 | $33,169,487 | $12,061,706 |
| June 30, 2023 | 990 | $19,382,762 | $16,875,340 | $2,507,422 | $22,696,356 | $13,872,185 | $8,824,171 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $13,816,246
- of which government grants
- $5,626,653
- Program service revenue
- $12,373,440
- Investment income
- $121,837
- Net rental income
- $89,000
- Other revenue
- $203,232
Expenses
- Grants and similar amounts paid
- $5,305,163
- Compensation of officers, directors and key employees
- $542,765
- Other salaries and wages
- $7,787,269
- Salaries, compensation and benefits (total)
- $10,136,021
- Professional fundraising fees
- $0
- Legal fees
- $120,788
- Accounting fees
- $79,290
- Occupancy
- $352,293
- Travel
- $39,070
- Depreciation
- $587,759
- Program services (functional)
- $17,840,387
- Management and general (functional)
- $5,386,986
- Fundraising (functional)
- $675,167
Balance sheet and other
- Total assets, start of year
- $45,231,193
- Total assets, end of year
- $49,978,288
- Total liabilities, end of year
- $35,304,367
- Net assets, end of year
- $14,673,921
- Land, buildings and equipment
- $5,162,810
- Publicly traded securities
- $2,070,904
- Net assets without donor restrictions
- $7,065,657
- Net assets with donor restrictions
- $7,608,264
- Gross receipts
- $27,084,080
- Employees
- 176
- Volunteers
- 21
- Year formed
- 1913
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Aisha Francis PhD | President & CEO Trustee or director, Officer | 35 | $314,502 | $36,294 |
| Michael Goldstein | CHIEF INNOVATION OFFICER Highest-paid employee | 35 | $156,684 | $21,106 |
| Marvin Loiseau | Dean of Academics/Stdnt Affair Highest-paid employee | 35 | $156,860 | $15,481 |
| Kevin Hepner | Chief Financial Officer Officer | 35 | $152,467 | $11,435 |
| Jackie Cornog | Chief of Staff Highest-paid employee | 35 | $114,803 | $25,574 |
| Alan Blair | Controller Highest-paid employee | 35 | $111,471 | $13,302 |
| James Dellot | Prof of Auto Tech, & Prg Chr Highest-paid employee | 35 | $118,002 | $6,257 |
| Turahn Dorsey | Chair Board of Trustees Trustee or director, Officer | 5 | $0 | $0 |
| Rahkeem Morris | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Marisa Meldonian MPH | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Claire Wadlington | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Maureen Pompeo | Clerk Trustee or director, Officer | 5 | $0 | $0 |
| PETER BAUER | Trustee Trustee or director | 2 | $0 | $0 |
| Rodger Brown | Trustee Trustee or director | 2 | $0 | $0 |
| Mary Churchill PhD | Trustee Trustee or director | 2 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chenita Daughtry | Trustee Trustee or director | 2 | $0 |
| TIFFANY DOTSON PhD | Trustee Trustee or director | 2 | $0 |
| Caroline Fay | Trustee Trustee or director | 2 | $0 |
| Chris Jones PhD | Trustee Trustee or director | 2 | $0 |
| Rachel Kaprielian | Trustee Trustee or director | 2 | $0 |
| PAUL MACRINA | Trustee Trustee or director | 2 | $0 |
| Stetson Marshall | Trustee Trustee or director | 2 | $0 |
| Trinh Nguyen | City of Boston Rep. Trustee or director | 2 | $0 |
| Fernando Rodriguez-Villa | Trustee Trustee or director | 2 | $0 |
| Andrew Tarsy | Trustee Trustee or director | 2 | $0 |
| Rahul Yarala | Trustee Trustee or director | 2 | $0 |
| Anna Yu | Trustee Trustee or director | 2 | $0 |
| John F Donohue | Trustee Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Aisha Francis | President & CEO Trustee or director, Officer | 35 | $262,403 | $32,522 |
| Courtney Roy-Branigan | Chief Campaign Officer Highest-paid employee | 35 | $147,987 | $22,138 |
| Kevin Hepner | Chief Financial Officer Officer | 35 | $149,558 | $11,375 |
| Marvin Loiseau | Dean of Academics/Stdnt Affair Highest-paid employee | 35 | $145,323 | $14,392 |
| KRISTEN HURLEY | CHIEF STRATEGY OFFICER Highest-paid employee | 35 | $135,347 | $14,014 |
| John Terasconi | Assist. Prof. of HVAC& CHAIR Highest-paid employee | 35 | $128,469 | $6,810 |
| Kevin Burns | LECTURER Highest-paid employee | 35 | $116,289 | $0 |
| Turahn Dorsey | Chair Board of Trustees Trustee or director, Officer | 5 | $0 | $0 |
| Rahkeem Morris | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Marisa Meldonian | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Claire Wadlington | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Maureen Pompeo | Clerk Trustee or director, Officer | 5 | $0 | $0 |
| PETER BAUER | Director Trustee or director | 2 | $0 | $0 |
| Rodger Brown | Director Trustee or director | 2 | $0 | $0 |
| Mary Churchill | director Trustee or director | 2 | $0 | $0 |
| Chenita Daughtry | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIFFANY DOTSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| Caroline Fay | Director Trustee or director | 2 | $0 | $0 |
| Chris Jones | DIRECTOR Trustee or director | 2 | $0 | $0 |
| Rachel Kaprielian | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL MACRINA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| Stetson Marshall | DIRECTOR Trustee or director | 5 | $0 | $0 |
| Trinh Nguyen | City of Boston Rep. Trustee or director | 2 | $0 | $0 |
| Fernando Rodriguez-Villa | DIRECTOR Trustee or director | 2 | $0 | $0 |
| Andrew Tarsy | Director Trustee or director | 2 | $0 | $0 |
| Rahul Yarala | Director Trustee or director | 2 | $0 | $0 |
| Anna Yu | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Aisha Francis | President & CEO Trustee or director, Officer | 35 | $261,081 | $29,356 |
| Marvin Loiseau | Dean of Academics & Chief Acad Highest-paid employee | 35 | $156,342 | $14,184 |
| Courtney Roy-Branigan | Chief Campaign Officer Highest-paid employee | 35 | $145,083 | $14,771 |
| Kevin Hepner | Chief Financial Officer Officer | 35 | $147,651 | $5,814 |
| Kristen Hurley | Chief Strategy Officer Highest-paid employee | 35 | $133,801 | $13,165 |
| Alan Blair | Controller Highest-paid employee | 35 | $104,031 | $20,966 |
| Jackie Cornog | Dean of Students Highest-paid employee | 35 | $107,835 | $11,889 |
| Turahn Dorsey | Chair Board of Trustees Trustee or director, Officer | 5 | $0 | $0 |
| Rahkeem Morris | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Marisa Meldonian | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Claire Wadlington | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Maureen Pompeo | Clerk Trustee or director, Officer | 5 | $0 | $0 |
| Trinh Nguyen | City of Boston Rep Trustee or director, Officer | 5 | $0 | $0 |
| David Fischer | Director Trustee or director | 2 | $0 | $0 |
| Andrew Tarsy | Director Trustee or director | 2 | $0 | $0 |
| Rahul Yarala | Director Trustee or director | 2 | $0 | $0 |
| Roger Berman | Director Trustee or director | 2 | $0 | $0 |
| Chenita Daughtry | Director Trustee or director | 2 | $0 | $0 |
| Paul Macrina | Director Trustee or director | 2 | $0 | $0 |
| Stetson Marshall | Director Trustee or director | 2 | $0 | $0 |
| Adam Pase | Director Trustee or director | 1 | $0 | $0 |
| Ekumene Lysonge | Director Trustee or director | 2 | $0 | $0 |
| Rachel Kaprielian | Director Trustee or director | 2 | $0 | $0 |
| Caroline Fay | Director Trustee or director | 2 | $0 | $0 |
| Roger Brown | Director Trustee or director | 2 | $0 | $0 |
| Fernando Rodriguez-Villa | Director Trustee or director | 2 | $0 | $0 |
| Anna Yu | director Trustee or director | 2 | $0 | $0 |
| Mary Churchill | director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1011 HARRISON AVE, BOSTON, MA 02119-2541
- In care of
- % KEVIN HEPNER
- Principal officer (990 for 2024)
- DR AISHA FRANCIS, 1011 HARRISON AVENUE, ROXBURY, MA 02119
- Signed the 990
- KEVIN L HEPNER, CFO
- Phone
- (617) 423-4630
- Website
- WWW.FRANKLINCUMMINGS.EDU
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY IS AN AFFORDABLE, URBAN COLLEGE SERVING THE BOSTON REGION AND COMMITTED TO STUDENT SUCCESS AND CAREER READINESS IN TECHNOLOGY FIELDS. THROUGH PERSONALIZED SUPPORT, HANDS-ON LEARNING, AND INDUSTRY-INFORMED CURRICULA, BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY PREPARES GRADUATES FOR WORK, LIFE-LONG LEARNING, AND CITIZENSHIP.
Program accomplishments
- Benjamin Franklin Cummings Institute of Technology (Franklin Cummings Tech) offers programs that align with job opportunities in high-growth fields like clean energy, robotics, automation, construction management, and biotech. Franklin Cummings Tech achieved an operating surplus in the past four consecutive fiscal years. Total operating dollars raised were up 34% over last fiscal year. For fiscal year 2025 net tuition revenue represented 33% of total operating revenue and contributions and grants represented 62% of revenue with the remaining 4% coming from other income. Franklin Cummings Tech currently has approximately 147 full and part-time faculty and staff. Franklin Cummings Tech believes in making personalized, flexible education affordable and accessible for everyone, creating a more equitable and resilient Greater Boston through access to family-sustaining income. During the year the college served a total of 1,125 students, a 12% increase over last year with 55% traditional students, 29% in the newly created division of workforce development and continuing studies, and 16% in early college programs. During Fiscal year 2023 Franklin Cummings Tech received all its approvals for the development of a new campus in the Nubian Square neighborhood of Boston. In March of 2024 the college closed on its bridge financing and construction began on the new campus. It also closed on a New Market Tax Credit program which will net $9.3 million towards the project costs. As of June 30, 2025, the College incurred a total of $42,824,126 in development and construction costs. Construction is expected to be completed in the fall of 2025.Expenses $17,840,387 · grants $5,305,163 · revenue $12,373,440
What it must file and when
IRS records say it files Not required (state instrumentality). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2103576
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $49,978,288
- Income (IRS master file)
- $27,084,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $26,514,755 | $23,902,540 | $49,978,288 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $31,443,429 | $28,205,894 | $45,231,193 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $19,382,762 | $16,875,340 | $22,696,356 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $16,845,374 | $16,819,262 | $17,195,877 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2103576).
Questions about BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY
- What is the EIN of BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY?
- The employer identification number (EIN) of BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY is 04-2103576.
- Is BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY file?
- Form Not required (state instrumentality).
- When is the next return of BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 names DR AISHA FRANCIS.
- Who are the officers and directors of BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 lists 28 people; 7 received compensation from the organization, the highest $314,502 (Aisha Francis PhD, President & CEO).
- How much revenue does BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,514,755, expenses of $23,902,540 and total assets of $49,978,288 at year end.
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