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Nonprofit · EIN 23-1370501

FRANKLIN INSTITUTE

Tax-exempt · PHILADELPHIA, PA 19103

Financials

$39.6M$31.2M2023$51.2M$34.6M2024
Revenue Expenses · by fiscal year end
Financials of FRANKLIN INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$51,159,403$34,570,608$16,588,795$226,419,270$25,540,580$200,878,690
December 31, 2023990$39,597,836$31,213,719$8,384,117$189,649,707$10,862,128$178,787,579
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$25,287,814
of which government grants
$4,878,879
Program service revenue
$21,291,109
Investment income
$4,062,931
Royalties
$384,333
Net rental income
$451,724
Net gain from sales of assets
$1,823,279
Net income from fundraising events
-$363,093
Other revenue
$517,549

Expenses

Grants and similar amounts paid
$370,683
Compensation of officers, directors and key employees
$3,190,834
Other salaries and wages
$7,951,855
Salaries, compensation and benefits (total)
$14,291,771
Professional fundraising fees
$65,355
Legal fees
$210,080
Accounting fees
$73,150
Occupancy
$2,862,185
Travel
$302,721
Depreciation
$5,989,816
Program services (functional)
$29,261,528
Management and general (functional)
$3,474,467
Fundraising (functional)
$1,834,613

Balance sheet and other

Total assets, start of year
$189,649,707
Total assets, end of year
$226,419,270
Total liabilities, end of year
$25,540,580
Net assets, end of year
$200,878,690
Land, buildings and equipment
$86,917,665
Publicly traded securities
$66,186,402
Net assets without donor restrictions
$104,771,327
Net assets with donor restrictions
$96,107,363
Gross unrelated business income
$84,260
Gross receipts
$53,194,360
Employees
222
Volunteers
78
Year formed
1824
State of legal domicile
PA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LARRY DUBINSKIPRESIDENT & CEO
Trustee or director, Officer
37.5$997,884$65,705
DARRYL WILLIAMSSVP OF SCIENCE & EDUCATION & HR
Key employee
37.5$312,906$28,293
ABIGAIL BYSSHECHIEF EXPERIENCE & STRATEGY OFFICER
Key employee
37.5$295,836$29,856
REBEKAH SASSIVP EXTERNAL AFFAIRS
Officer
37.5$273,445$50,016
CHRIS RIZZOVP OF BUSINESS OPERATIONS
Key employee
37.5$215,034$46,153
ERIN ARMSTRONGVP MKT COMM. & DIGITAL MED
Officer
37.5$227,153$27,174
MARK HARMONVP OF OPERATIONS
Key employee
37.5$196,614$45,233
JOSEPH TORRIERIDIRECTOR OF IT
Highest-paid employee
37.5$164,155$43,389
KEITH DOUGHTYVP OF FINANCE
Officer
37.5$189,871$13,963
ELBERT BLACKDIRECTOR OF FINANCE
Officer
37.5$146,329$29,371
DERRICK PITTSCHIEF ASTRONOMER
Highest-paid employee
37.5$139,158$34,931
CASEY SATELLDIRECTOR OF INSTITUTIONAL GIVING
Highest-paid employee
37.5$140,924$30,237
JANIE TSANGDIRECTOR OF MARKETING
Highest-paid employee
37.5$130,309$36,807
STEFANIE SANTODIR OF MEDIA RELATIONS & COMMUNICATIONS
Highest-paid employee
37.5$130,532$9,678
DONALD E MOREL JR PHDTRUSTEE EMERITUS
Trustee or director
1$0$0
55 more people on this return
NameTitleHours / weekCompensation
THOMAS LYNCHCHAIR
Trustee or director, Officer
1$0
WADE H BERRETTINI MD PHDTRUSTEE
Trustee or director
1$0
SUZANNE BODATRUSTEE
Trustee or director
1$0
RENEE B BOOTH PHDTRUSTEE
Trustee or director
1$0
HALLEE ADELMANTRUSTEE
Trustee or director
1$0
PETER K CLASSENTRUSTEE
Trustee or director
1$0
CHRIS FRANKLINTRUSTEE
Trustee or director
1$0
CHRIS FRALICTRUSTEE
Trustee or director
1$0
ELIZABETH H GEMMILLTRUSTEE
Trustee or director
1$0
GRETE GREENACRETRUSTEE
Trustee or director
1$0
RICHARD HENRIQUESTRUSTEE
Trustee or director
1$0
FRANCES E JENSEN MD FACPTRUSTEE
Trustee or director
1$0
STEPHEN E KELLYTRUSTEE
Trustee or director
1$0
CHARISSE R LILLIE ESQTRUSTEE
Trustee or director
1$0
SANDRA K BALDINOTRUSTEE
Trustee or director
1$0
MIRIAM G MANDELLTRUSTEE
Trustee or director
1$0
SANDRA G MARSHALLTRUSTEE
Trustee or director
1$0
CHRISTOPHER MCISAACTRUSTEE
Trustee or director
1$0
ROBERT S MCMENAMINTRUSTEE
Trustee or director
1$0
PAUL OFFIT MDTRUSTEE
Trustee or director
1$0
MICHAEL A INNOCENZOTRUSTEE
Trustee or director
1$0
JOAN N STERN ESQTRUSTEE
Trustee or director
1$0
ANDREA ANANIA STEWARTTRUSTEE
Trustee or director
1$0
HAROLD L YOH IIITRUSTEE
Trustee or director
1$0
KAREN ZIMMER MD PHDTRUSTEE
Trustee or director
1$0
WILLIAM R HITETRUSTEE
Trustee or director
1$0
THE HONORABLE CHERELLE PARKERTRUSTEE, EX OFFICIO
Trustee or director
1$0
THE HONORABLE JOSH SHAPIROTRUSTEE, EX OFFICIO
Trustee or director
1$0
VINCENT AMATULLITRUSTEE
Trustee or director
1$0
MAUREEN BRENNAN-MILLERTRUSTEE
Trustee or director
1$0
SAMUEL HAMILTONTRUSTEE
Trustee or director
1$0
ANTHONY BUCCITRUSTEE
Trustee or director
1$0
TOM CARMANICOTRUSTEE
Trustee or director
1$0
MATTHEW ZELESKOTRUSTEE
Trustee or director
1$0
SUCHIT BACHALLITRUSTEE
Trustee or director
1$0
MARK DICHTERTRUSTEE
Trustee or director
1$0
JULIA DRANOFFTRUSTEE
Trustee or director
1$0
ROBERT J MOORETRUSTEE
Trustee or director
1$0
MICHAEL CORRIGANTRUSTEE
Trustee or director
1$0
KAREN FLYNNTRUSTEE
Trustee or director
1$0
BARBARA KLOCKTRUSTEE
Trustee or director
1$0
NYLA KONCURATTRUSTEE
Trustee or director
1$0
MICHAEL J NEMEROFFTRUSTEE
Trustee or director
1$0
IAN WRIGHTTRUSTEE, EX OFFICIO
Trustee or director
1$0
TONY B WATLINGTON SR EDDTRUSTEE, EX OFFICIO
Trustee or director
1$0
LYNN BREENTRUSTEE
Trustee or director
1$0
JOSH GROSSTRUSTEE
Trustee or director
1$0
ALEXANDRA HAYTRUSTEE
Trustee or director
1$0
OBRA KERNODLETRUSTEE
Trustee or director
1$0
MIKE MIDDLEMANTRUSTEE
Trustee or director
1$0
DOUG RAYMONDTRUSTEE
Trustee or director
1$0
THE HONORABLE KENYATTA JOHNSONTRUSTEE, EX OFFICIO
Trustee or director
1$0
MARIA IAVARONE PH DTRUSTEE, EX OFFICIO
Trustee or director
1$0
NINA AHMADTRUSTEE, EX OFFICIO
Trustee or director
1$0
GEOFFREY COOKTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 64 people
NameTitleHours / weekCompensationOther / benefits
LARRY DUBINSKIPRESIDENT & CEO
Trustee or director, Officer
37.5$829,793$67,565
DARRYL WILLIAMSSVP OF SCIENCE & EDUCATION & HR
Key employee
37.5$292,637$27,753
ABIGAIL BYSSHECHIEF EXPERIENCE & STRATEGY OFFICER
Key employee
37.5$281,004$28,057
REBEKAH SASSIVP EXTERNAL AFFAIRS
Officer
37.5$259,391$46,833
ERIN ARMSTRONGVP MKT COMM. & DIGITAL MED
Officer
37.5$229,510$25,657
CHRIS RIZZOVP OF BUSINESS OPERATIONS
Key employee
37.5$206,828$42,683
MARK HARMONVP OF OPERATIONS
Key employee
37.5$185,789$41,486
JOSEPH TORRIERIDIRECTOR OF IT
Highest-paid employee
37.5$160,558$35,496
ELBERT BLACKDIRECTOR OF FINANCE
Officer
37.5$156,769$29,183
DERRICK PITTSCHIEF ASTRONOMER
Highest-paid employee
37.5$138,036$32,764
JOY MONTEFUSCODIRECTOR OF DIGITAL EDITOR TERM 12/1/23
Highest-paid employee
37.5$137,119$33,286
KEITH DOUGHTYVP OF FINANCE
Officer
37.5$153,996$11,487
CASEY SATELLDIRECTOR OF INSTITUTIONAL GIVING
Highest-paid employee
37.5$136,605$28,546
STEFANIE SANTODIRECTOR OF MEDIA RELATIONS & COMMUNICATIONS
Highest-paid employee
37.5$128,969$9,350
DONALD E MOREL JR PHDTRUSTEE EMERITUS
Trustee or director
1$0$0
THOMAS LYNCHCHAIR
Trustee or director, Officer
1$0$0
WADE H BERRETTINI MD PHDTRUSTEE
Trustee or director
1$0$0
SUZANNE BODATRUSTEE
Trustee or director
1$0$0
RENEE B BOOTH PHDTRUSTEE
Trustee or director
1$0$0
HALLEE ADELMANTRUSTEE
Trustee or director
1$0$0
PETER K CLASSENTRUSTEE
Trustee or director
1$0$0
CHRIS FRANKLINTRUSTEE
Trustee or director
1$0$0
CHRIS FRALICTRUSTEE
Trustee or director
1$0$0
ELIZABETH H GEMMILLTRUSTEE
Trustee or director
1$0$0
GRETE GREENACRETRUSTEE
Trustee or director
1$0$0
RICHARD HENRIQUESTRUSTEE
Trustee or director
1$0$0
FRANCES E JENSEN MD FACPTRUSTEE
Trustee or director
1$0$0
STEPHEN E KELLYTRUSTEE
Trustee or director
1$0$0
CHARISSE R LILLIE ESQTRUSTEE
Trustee or director
1$0$0
IRA M LUBERTTRUSTEE
Trustee or director
1$0$0
SANDRA K BALDINOTRUSTEE
Trustee or director
1$0$0
MIRIAM G MANDELLTRUSTEE
Trustee or director
1$0$0
SANDRA G MARSHALLTRUSTEE
Trustee or director
1$0$0
CHRISTOPHER MCISAACTRUSTEE
Trustee or director
1$0$0
ROBERT S MCMENAMINTRUSTEE
Trustee or director
1$0$0
PAUL OFFIT MDTRUSTEE
Trustee or director
1$0$0
QUENTIN ROACHTRUSTEE
Trustee or director
1$0$0
MICHAEL A INNOCENZOTRUSTEE
Trustee or director
1$0$0
JOAN N STERN ESQTRUSTEE
Trustee or director
1$0$0
ANDREA ANANIA STEWARTTRUSTEE
Trustee or director
1$0$0
HAROLD L YOH IIITRUSTEE
Trustee or director
1$0$0
KAREN ZIMMER MDTRUSTEE
Trustee or director
1$0$0
THE HONORABLE DARRELL L CLARKETRUSTEE, EX OFFICIO
Trustee or director
1$0$0
WILLIAM R HITETRUSTEE
Trustee or director
1$0$0
THE HONORABLE JAMES F KENNEYTRUSTEE, EX OFFICIO
Trustee or director
1$0$0
THE HONORABLE JOSH SHAPIROTRUSTEE, EX OFFICIO
Trustee or director
1$0$0
VINCENT AMATULLITRUSTEE
Trustee or director
1$0$0
MAUREEN BRENNAN-MILLERTRUSTEE
Trustee or director
1$0$0
SAMUEL HAMILTONTRUSTEE
Trustee or director
1$0$0
ANTHONY BUCCITRUSTEE
Trustee or director
1$0$0
TOM CARMANICOTRUSTEE
Trustee or director
1$0$0
MATTHEW ZELESKOTRUSTEE
Trustee or director
1$0$0
SUCHIT BACHALLITRUSTEE
Trustee or director
1$0$0
MARK DICHTERTRUSTEE
Trustee or director
1$0$0
JULIA DRANOFFTRUSTEE
Trustee or director
1$0$0
ROBERT J MOORETRUSTEE
Trustee or director
1$0$0
MICHAEL CORRIGANTRUSTEE
Trustee or director
1$0$0
KAREN FLYNNTRUSTEE
Trustee or director
1$0$0
BARBARA KLOCKTRUSTEE
Trustee or director
1$0$0
NYLA KONCURATTRUSTEE
Trustee or director
1$0$0
MICHAEL J NEMEROFFTRUSTEE
Trustee or director
1$0$0
IAN WRIGHTTRUSTEE, EX OFFICIO
Trustee or director
1$0$0
ALLEN W NICHOLSON PHDTRUSTEE, EX OFFICIO
Trustee or director
1$0$0
TONY B WATLINGTON SR EDDTRUSTEE, EX OFFICIO
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
222 N 20TH ST, PHILADELPHIA, PA 19103-1115
In care of
% K SIOBHAN KEEFE
Principal officer (990 for 2024)
LARRY DUBINSKI, 222 NORTH 20TH STREET, PHILADELPHIA, PA 19103
Signed the 990
LARRY DUBINSKI, PRESIDENT & CEO
Phone
(215) 448-1200
Website
WWW.FI.EDU
Return prepared by
TAIT WELLER & BAKER LLP

Mission

IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATIONAL PROGRAMS, SERVICES & GRANTS: COMPLETING ITS 32ND YEAR IN 2024, THE PARTNERS FOR ACHIEVING CAREERS IN TECHNOLOGY AND SCIENCE (PACTS) PROGRAM IS ONE OF THE REGION'S OLDEST AND MOST COMPREHENSIVE SCIENCE IMMERSION PROGRAMS FOR MIDDLE SCHOOL STUDENTS. PACTS SERVED 87 STUDENTS FROM AREA PUBLIC SCHOOLS DURING THE 2023-2024 SCHOOL YEAR. IN ITS 24TH YEAR, THE INSTITUTE'S STEM SCHOLARS PROGRAM, A CONCENTRATED PROGRAM OF HIGH SCHOOL STUDENTS WHO SHOW HIGH INTEREST IN AND APTITUDE FOR STEM FIELDS, SERVED 82 STUDENTS. PACTS AND STEM SCHOLARS PROVIDE STUDENTS WITH ACCESS TO STEM PROFESSIONALS, AS WELL AS COLLEGE EDUCATIONAL PROGRAMS AND SERVICES, APPLICATION AND FINANCIAL AID COUNSELING, EXPOSURE TO STEM CAREERS, AND ANNUAL ROBOTICS PROGRAMS. THESE TWO PROGRAMS DELIVER UNIQUE STEM PROGRAMMING TO A DIVERSE AUDIENCE.THE FRANKLIN INSTITUTE ALSO DEVELOPS MODEL PROGRAMS IN SCIENCE LEARNING FOR THE K-12 EDUCATION COMMUNITY THAT ARE DELIVERED BOTH INSIDE AND OUTSIDE THE MUSEUM WALLS, INCLUDING SCIENCE IN THE SUMMER AND MISSION2MARS WHICH SERVED 46,200 PARTICIPANTS ACROSS 21 STATES.
    Expenses $3,706,738 · grants $370,683 · revenue $3,805,845
  • MUSEUM ADMISSIONS & OPERATIONS: AS THE MOST VISITED MUSEUM IN THE COMMONWEALTH AND A TOP-FIVE TOURIST DESTINATION IN THE CITY OF PHILADELPHIA, THE FRANKLIN INSTITUTE SERVES AS BOTH A PROMINENT EDUCATION AND CULTURAL RESOURCE, AND AS AN ANCHOR OF THE LOCAL ECONOMY. IN 2024, THE INSTITUTE WELCOMED 640,000 VISITORS TO THE MUSEUM, INCLUDING 177,300 FREE AND DISCOUNTED VISITS PROVIDED TO UNDERSERVED SCHOOLS AND FAMILIES THROUGH THE ACCESS PROGRAM. THE FRANKLIN INSTITUTE'S LONGSTANDING REPUTATION HELPS TO ELEVATE THE COMMONWEALTH AND THE CITY OF PHILADELPHIA AS MODELS FOR CULTURAL AND INFORMAL EDUCATION EXCELLENCE. THE INSTITUTE WELCOMES VISITORS OF ALL AGES TO EXPLORE SCIENCE IN INTERACTIVE EXHIBITS AND PUBLIC PROGRAMS. THE INSTITUTE REMAINS FULLY COMMITTED TO PROVIDING AN EXCEPTIONAL EXPERIENCE FOR ITS MANY VISITORS AND INCREASING SERVICE TO ITS AUDIENCE, EXTENDING THE INSTITUTE'S MISSION- TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY-TO CHILDREN AND FAMILIES THROUGHOUT GREATER PHILADELPHIA, REGARDLESS OF MEANS, REMAINS, AS ALWAYS, AT THE HEART OF ITS PRIORITIES. IT DOES SO THROUGH OUTSTANDING EXHIBITS AND MANY EDUCATION AND OUTREACH PROGRAMS
    Expenses $17,798,128 · revenue $16,641,682
  • THE JOURNAL OF THE FRANKLIN INSTITUTE, THE SECOND OLDEST SCHOLARLY JOURNAL IN CONTINUOUS PUBLICATION IN THE UNITED STATES, HAS INCREASED THE VOLUME OF ARTICLES PER ISSUE,, AS WELL AS THE READERSHIP. ALL 199 YEARS OF THE JOURNAL ARE AVAILABLE ONLINE THROUGH LIBRARIES AND RESEARCH INSTITUTIONS.
    Expenses $1,474,187 · revenue $1,227,916
  • INTEREST AND DEPRECIATION EXPENSE NOT INCLUDED ABOVE.INTEREST $292,659DEPRECIATION $5,989,816
    Expenses $6,282,475

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-1370501
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1928
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$226,419,270
Income (IRS master file)
$53,194,360

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$51,159,403$34,570,608$226,419,270XML
990-TDecember 2024–––IRS
990December 2023$39,597,836$31,213,719$189,649,707XML
990-TDecember 2023–––IRS
990December 2022$36,043,314$28,062,151$173,411,426IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 23-1370501).

Questions about FRANKLIN INSTITUTE

What is the EIN of FRANKLIN INSTITUTE?
The employer identification number (EIN) of FRANKLIN INSTITUTE is 23-1370501.
Is FRANKLIN INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1928.
Are donations to FRANKLIN INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRANKLIN INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRANKLIN INSTITUTE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRANKLIN INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FRANKLIN INSTITUTE?
The 990 for the year ended December 31, 2024 names LARRY DUBINSKI.
Who are the officers and directors of FRANKLIN INSTITUTE?
The 990 for the year ended December 31, 2024 lists 70 people; 14 received compensation from the organization, the highest $997,884 (LARRY DUBINSKI, PRESIDENT & CEO).
How much revenue does FRANKLIN INSTITUTE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $51,159,403, expenses of $34,570,608 and total assets of $226,419,270 at year end.

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