EIN 23-1370501

The Franklin Institute

IRS 501(c) type
501(c)(3)
Num. employees
248
Year formed
1824
Most recent tax filings
2022-12-01
Description
The Franklin Institute embodies the spirit of inquiry and discovery championed by Benjamin Franklin and aims to inspire a passion for learning about science and technology. As the most visited museum in the Commonwealth and a top-five tourist destination in Philadelphia, it serves as both a prominent education and cultural resource, anchoring the local community. The Partners for Achieving Careers in Technology and Science (PACTS) program, celebrating its 30th year in 2022, is one of the region's oldest and most comprehensive science immersion programs for middle school students.
Total revenues
$36,043,314
2022
Total expenses
$28,062,151
2022
Total assets
$173,411,426
2022
Num. employees
248
2022

Program areas at The Franklin Institute

Educational programs, services & grants: completing its 30th year in 2022, 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 46 students from area public schools during The 2021-2022 school year. In its 22nd 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 79 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, leap into science and mission2mars which served 67,180 participants across 34 states.
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 197 years of The journal are available online through libraries and research institutions.
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 2022, The Institute welcomed 818,000 visitors to The museum, including 80,000 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.
Interest and depreciation expense not included above.interest $290,145depreciation $4,950,678

Who funds The Franklin Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morel Family FoundationGeneral Fund$909,460
The Guilliam H. Clamer FoundationGeneral Operating$509,621
Schwab Charitable FundArts, Culture & Humanities$397,255
...and 91 more grants received totalling $4,326,706

Personnel at The Franklin Institute

NameTitleCompensation
Larry DubinskiPresident and Chief Executive Officer$777,149
K Siobhan KeefeSenior Vice President and Chief Financial Officer / Vice President Finance and Treasurer / Vice President of Finance and Treasurer$251,874
Siobhan KeefeSenior Vice President and CFO, Finance
Abigail ByssheChief Experience and Strategy Officer$265,034
Christopher RizzoVice President , Business Operations
...and 16 more key personnel

Financials for The Franklin Institute

RevenuesFYE 12/2022
Total grants, contributions, etc.$11,662,555
Program services$21,937,448
Investment income and dividends$1,294,456
Tax-exempt bond proceeds$0
Royalty revenue$386,256
Net rental income$442,998
Net gain from sale of non-inventory assets$598,766
Net income from fundraising events$-314,020
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$34,855
Total revenues$36,043,314

Form 990s for The Franklin Institute

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-09990View PDF
2020-122021-11-10990View PDF
2019-122021-02-24990View PDF
2018-122020-01-03990View PDF
...and 9 more Form 990s

Organizations like The Franklin Institute

OrganizationLocationRevenue
Museum of ScienceBoston, MA$71,466,361
Museum of Science and Industry (MSI)Chicago, IL$64,412,383
Intrepid Sea-Air-Space MuseumNew York, NY$30,558,446
The ExploratoriumSan Francisco, CA$79,571,391
Da Vinci Science Center (DSC)Allentown, PA$13,640,164
Science Museum of MinnesotaSaint Paul, MN$29,030,554
California Science Center FoundationLos Angeles, CA$131,356,089
Liberty Science CenterJersey City, NJ$29,310,016
The Adler PlanetariumChicago, IL$24,242,958
The Phillips CollectionWashington, DC$15,615,081
Data update history
April 18, 2024
Updated personnel
Identified 1 new personnel
February 4, 2024
Received grants
Identified 2 new grant, including a grant for $138,000 from Daniel B and Florence E Green Foundation
January 24, 2024
Updated personnel
Identified 13 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportTax deductible donations
General information
Address
222 N 20th St
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
fi.edu/en 
Phone
(215) 448-1200
Facebook page
TheFranklinInstitute 
Twitter profile
@thefranklin 
IRS details
EIN
23-1370501
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1824
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A57: Science and Technology Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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