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.
In care of K Siobhan Keefe
Donations are tax-deductible
Category
Other
Employees
222
Volunteers
78
Financial Snapshot
FY ending 2024-12-31
Revenue
$51.2M
Expenses
$34.6M
Assets
$226.4M
Liabilities
$25.5M
Financial history
$51.2M$25.6M$0
161718192021222324
RevenueExpenses
Latest FY2024: $51.2M · Avg: $42.2M
Foreign activity (Schedule F)
Total spent abroad$20K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
Region
Activity
Spent
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES
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501(h) election
This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.
Political & Grant Activity
Campaign Spending
—
Lobbying
$121K
Grants Given
$391K
FRANKLIN INSTITUTE
Your actions
Address
222 N 20TH ST
Philadelphia, PA, 19103-111
Governance
Voting board members47
Independent members46
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %22.4%
Permanent endowment %77.6%
Endowment held by related orgNo
Fundraising activity (Schedule G)
Uses professional fundraisersYes
Gross fundraising receipts$595K
Net to org$181K
Retained by contractors$414K
ChannelsMail · Phone · Email · In-person · Grant solicitation