Franklin & Marshall College
77% goes to programs $29 to raise $100 Strong reserves
Franklin & Marshall College is a 501(c)(3) organization based in Lancaster, Pennsylvania, registered in 1934, with $201,387,214 in FY2023 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
Po Box 3003, Lancaster, PA, 17604 EIN 23-1352635 Since 1934
Revenue (FY2023)
$201.4M
▲ 7.7% vs prior year
Education median: $200K
Expenses (FY2023)
$193.5M
Net assets
$660.7M
Employees
2,036
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating77% to programs · $29 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Franklin & Marshall College: 77% to programs · $29 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating41 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Franklin & Marshall College: 41 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Franklin & Marshall College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Franklin & Marshall College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A residential college dedicated to excellence in undergraduate liberal arts education.
What they do
Instruction: the college grants bachelor of arts degrees in over 50 fields of study, with a full-time equivalent undergraduate enrollment of 1,888 ftes during the 2024 academic year. the college offers an integrated learning environment with 58 fields of study, where students engage the values of the liberal arts - both through the curriculum and in their lives outside the formal classroom. our current student to faculty ratio is 9 students to every 1 faculty member, with an average class size of 17 students. 1 out of every 2 students collaborate with professors on research or guided learning.
Student services: the college offers a variety of activities and experiences to complement the academic pursuits of our students. the office of student engagement & leadership offers students the opportunity to participate in diplomatic congress, club council, the college entertainment committee, and/or any of over 100 student clubs. students may also participate in over 27 varsity, 5 intramural, and numerous club sports teams. the college's greek life and college house system promote a sense of community among all students.
Auxiliary operations: academic support, research, public service, and institutional support.
Contact & location
- Address
- Po Box 3003, Lancaster, PA, 17604
- City
- Lancaster
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $179.1M (FY2013) to $201.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $195.1MNet assets $660.7M
Operating margin
3.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$855.8M
Total liabilities
$195.1M
Net assets
$660.7M
Salaries & benefits
$70.6M
37% of expenses
Board members
38
37 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $201,387,214▲7.7% | $193,452,587▲1.8% | $660,735,929▲6.1% | $855,834,708▲4.0% | 990 |
| 2022 | $186,951,178▼4.7% | $189,940,277 | $622,922,205▲2.3% | $822,891,438▼1.0% | 990 |
| 2021 | $196,116,735▼6.4% | $189,880,020▼0.2% | $609,135,143▼9.2% | $830,931,551▼7.6% | 990 |
| 2020 | $209,519,207▲18.8% | $190,172,005▼2.0% | $671,217,268▲22.8% | $899,256,737▲15.2% | 990 |
| 2019 | $176,394,107▼15.6% | $193,956,044▼2.7% | $546,529,699▼0.2% | $780,280,025▲6.4% | 990 |
| 2018 | $209,031,036▲1.7% | $199,260,345▲1.7% | $547,667,221▲0.6% | $733,363,144▲2.2% | 990 |
| 2017 | $205,634,738▼3.5% | $195,861,861▲3.8% | $544,153,620▲3.5% | $717,438,968▲3.1% | 990 |
| 2016 | $213,105,192▲4.3% | $188,601,576▲2.6% | $525,888,890▲4.0% | $696,054,655▲2.5% | 990 |
| 2015 | $204,247,928▼1.8% | $183,900,852▲7.6% | $505,852,165▼4.6% | $679,142,777▲0.1% | 990 |
| 2014 | $208,056,397▲16.2% | $170,977,634▲7.0% | $530,046,662▼2.1% | $678,130,332▼0.3% | 990 |
| 2013 | $179,080,978 | $159,836,188▲2.6% | $541,213,824▲8.4% | $680,260,648▲5.2% | 990 |
| 2012 | — | $155,849,622▲2.3% | $499,111,414▲6.3% | $646,499,166▲0.3% | 990 |
| 2011 | — | $152,380,758▲5.3% | $469,389,582▼2.0% | $644,458,185▼1.3% | 990 |
| 2010 | — | $144,736,954▲10.3% | $479,151,692▲11.6% | $652,912,539▲8.6% | 990 |
| 2009 | — | $131,244,106 | $429,327,605 | $601,307,900 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Barbara K Altmann Phd — $681,679 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Barbara K Altmann Phd | President | 60 | $681,679 |
| Mary Osirim | Interim Provost & Dean of Faculty | 60 | $308,623 |
| Cynthia Gorman | Vp For College Advancement | 60 | $302,125 |
| Valerie L Dexter | Vp Legal Affairs & Gen. Counsel | 60 | $295,436 |
| Barbara S Stambaugh | Vp For Communications | 60 | $215,693 |
| Carrie E Rampp | Vp & Chief Information Officer | 60 | $209,717 |
| Alan Caniglia | Vp Inst'l Res. & Chief Strat. Off. | 60 | $199,650 |
| Gretchel L Hathaway | Vp For Community & Belonging | 60 | $185,048 |
| Beth L Throne | Avp Student & Post-grad. Dev. | 40 | $184,838 |
| Alan S Glazer | Professor of Business | 40 | $181,964 |
| Cameron B Wesson | Provost/dean of Faculty To 5/23 | 60 | $167,411 |
| Amelia Rauser | Associate Dean of Faculty | 40 | $167,166 |
| Amy Layman | Avp of External Engagement | 40 | $163,787 |
| Dorothy J Merritts | Professor of Geosciences | 40 | $157,970 |
| Andrew Stelljes | Vp & Dean of Student Affairs | 60 | $132,476 |
| Shawn P Curtin | Vp Finance & Administration | 60 | $129,772 |
| Margaret Hazlett | Vp & Dean of Stud. Aff. (res 05/23) | 60 | $123,234 |
| M Leslie Davidson | Vp For Enrollment Management | 60 | $59,037 |
| Akbar Hossain | Trustee | 2 | — |
| Anne W Fass | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Food Services Mgmt. | $8,576,201 |
| Poole Anderson Construction LLC | Constuction Services | $7,319,020 |
| Lancaster General Medical Grp | Student Health Svcs. | $1,277,854 |
| Two Ocean Education Partners | Recruiting Services | $529,920 |
| Gsm Roofing | Construction Services | $282,955 |
Grants received · $22.8M total
209 grants to Franklin & Marshall College totaling $22.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $411,950 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $163,500 |
| Ayco Charitable Foundation | Education | 2024 | $106,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $65,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $50,000 |
| American Online Giving Foundation Inc | General support | 2024 | $33,787 |
| Charities Aid Foundation America | Charitable donation | 2024 | $22,371 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $20,500 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $15,117 |
| The Bessemer Giving Fund | Scholarship fund | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $616,882 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $356,000 |
| Donor Advised Charitable Giving | Education | 2023 | $289,484 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $222,847 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $175,537 |
Grants made · $138K in FY2023
3 grants totaling $138K in FY2023. All grants made by Franklin & Marshall College →
| Recipient | Purpose | Amount |
|---|---|---|
| Lancaster City Alliance | Lancaster city edp | $120,000 |
| Lancaster General Hospital | General support | $10,000 |
| Fulton Theatre Company | Stage productions | $7,500 |
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Frequently asked questions
- Is Franklin & Marshall College a legitimate nonprofit?
- Yes. Franklin & Marshall College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-1352635, based in Lancaster, Pennsylvania. Donations are tax-deductible.
- What is Franklin & Marshall College's EIN?
- Franklin & Marshall College's Employer Identification Number (EIN) is 23-1352635.
- How much revenue does Franklin & Marshall College report?
- Franklin & Marshall College reported $201,387,214 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Franklin & Marshall College's spending goes to programs?
- Franklin & Marshall College spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Franklin & Marshall College have?
- CharityIndex grades Franklin & Marshall College A, based on program efficiency and fundraising cost.
- How much does Franklin & Marshall College's highest-paid employee make?
- The highest reported compensation on Franklin & Marshall College's latest Form 990 is $681,679, paid to Barbara K Altmann Phd (President).
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Data for Franklin & Marshall College (EIN 23-1352635) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.