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Arts, Culture, Humanities : Museums

The Franklin Institute

Inspiring a passion for science and technology learning

four stars

90.01

271 North 21st Street Philadelphia, PA 19103
tel: (215) 448-1130   Web Site
EIN: 23-1370501

Board Leadership
Donald E. Morel, Jr.
Chair of the Board of Trustees

CEO
Larry Dubinski
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 90.01 four stars
  Financial 91.14 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.

In the spirit of inquiry and discovery embodied by Benjamin Franklin, the mission of The Franklin Institute is to inspire an understanding of and passion for science and technology learning. Founded in 1824, today The Institute is a vibrant 21st-century organization that continues to offer new and exciting access to science and technology in ways that would both amaze and delight Mister Benjamin Franklin. The Institute has become a dynamic agent of change through its rich array of internationally recognized exhibitions and programs, lectures and discussions themed to illuminate issues in contemporary science, community outreach initiatives particularly targeted to girls and to urban youth, and its series of innovative partnerships in public education.

In the spirit of inquiry and discovery embodied by Benjamin Franklin, the mission of The Franklin Institute is to inspire an understanding of and passion for science and technology learning. Founded in 1824, today The Institute is a vibrant 21st-century organization that continues to offer new and exciting access to science and technology in ways that would both amaze and delight Mister Benjamin Franklin. The Institute has become a dynamic agent of change through its rich array of internationally recognized exhibitions and programs, lectures and discussions themed to illuminate issues in contemporary science, community outreach initiatives particularly targeted to girls and to urban youth, and its series of innovative partnerships in public education.

Impact Information

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Financial

four stars

91.14

Accountability & Transparency

three stars

89.00

This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.1%
  Administrative Expenses 10.8%
  Fundraising Expenses 5.0%
  Fundraising Efficiency $0.22
  Working Capital Ratio (years) 3.05
  Program Expenses Growth 6.6%
  Liabilities to Assets 11.6%
All data for Financial Performance Metrics calculations was provided by The Franklin Institute on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Franklin Institute on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Franklin Institute (PA) 90.01 four stars
COSI Center of Science and Industry (OH) 85.79 three stars
Museum of Discovery and Science (FL) 92.47 four stars
Oregon Museum of Science and Industry (OR) 92.80 four stars
Liberty Science Center (NJ) 91.45 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,703,932
   Federated Campaigns $0
   Membership Dues $14,820
   Fundraising Events $733,691
   Related Organizations $0
   Government Grants $50,000
Total Contributions $9,502,443
   Program Service Revenue $27,269,974
Total Primary Revenue $36,772,417
   Other Revenue $2,265,918
TOTAL REVENUE $39,038,335
   
EXPENSES  
   Program Expenses $33,914,784
   Administrative Expenses $4,044,759
   Fundraising Expenses $1,822,220
TOTAL FUNCTIONAL EXPENSES $39,781,763
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-743,428
   
Net Assets $140,506,505

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Museum Admissions & Operations $19,638,376 57.9%
Educational Programs, Services, and Grants $6,811,851 20.1%
Franklin Institute Awards $1,398,996 4.1%

Ratings History
The Franklin Institute has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 05/01/2019 90.01 four stars
2016-12 05/01/2018 91.45 four stars
2015-12 07/01/2017 90.15 four stars
2014-12 06/01/2016 89.56 three stars
 
CN 2.0
2013-12 07/01/2015 87.65 three stars
2012-12 04/01/2014 94.37 four stars
2011-12 03/01/2013 87.04 three stars
2010-12 03/01/2012 81.52 three stars
2009-12 09/20/2011 81.19 three stars
 
CN 1.0
2009-12 06/01/2011 73.71 two stars
2008-12 07/01/2010 90.47 four stars
2007-12 08/01/2009 93.65 four stars
2006-12 07/01/2008 96.13 four stars
2005-12 10/01/2007 88.90 three stars
2004-12 01/01/2006 88.23 three stars
2003-12 12/01/2004 95.74 four stars
2002-12 12/01/2003 77.28 two stars
2001-12 02/05/2003 73.72 two stars
2000-12 10/15/2002 67.52 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-1370501
Name in IRS Master File FRANKLIN INSTITUTE
NTEE Code A25
NTEE Classification Arts Education
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (161) Scientific research (diseases)
(180) Contact or sponsored scientific research for industry
(30) School, college, trade school, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1928
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
Compensation % of Expenses Paid to Title
$592,784 1.49% Larry Dubinski President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Franklin Institute (PA) 90.01 four stars
Rochester Museum and Science Center (NY) 89.52 three stars
Science Center of Iowa (IA) 88.53 three stars
Museum of Science (MA) 87.76 three stars
Science Central (IN) 88.58 three stars

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Charity Contact Info

The Franklin Institute
271 North 21st Street
Philadelphia, PA 19103
tel: (215) 448-1130
fax: (215) 448-1117
EIN: 23-1370501

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Board Leadership

Donald E. Morel, Jr.
Chair of the Board of Trustees

CEO

Larry Dubinski
President and CEO

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