Franklin Pierce University

EIN: 020263136 501(c)(3) Education

Rindge, NH

Total Revenue
$127,747,799
Total Expenses
$131,253,640
Total Assets
$87,057,409
Net Assets
$41,748,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NH
Principal Officer
Peter Eden
Phone
6038994000
Tax Period
2024-06-01 to 2025-05-31

Franklin Pierce University, founded in 1962, is a major nonprofit in the Education sector that reported $127.7M in total revenue in fiscal year 2024.

Mission

Franklin Pierce University delivers programs and educational experiences that develop essential intellectual and professional skills; promotes close community connections; and empowers our students to realize their potential through the intersection of highly personalized liberal learning, innovative engagement, and professional programming.

Program Service Accomplishments

Program 1
Expenses: $124,312,372 Revenue: $124,622,193

Franklin Pierce University serves traditional and nontraditional students at the undergraduate and graduate level. Awards are offered from the certificate level through the doctoral level. Credit and...

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Franklin Pierce University serves traditional and nontraditional students at the undergraduate and graduate level. Awards are offered from the certificate level through the doctoral level. Credit and non-credit bearing courses are available, and many programs are available online. Degree completion programs are available and the university welcomes transfer students at all instructional locations.Undergraduate Fall Enrollment total Headcount = 997Traditional Undergraduate = 910Nontraditional/Online = 87Graduate Fall Enrollment Total Headcount = 658 Student Faculty Ratio = 13:1Average class size = 16Undergraduate Awards: Undergraduate Certificate (multiple legal and human services concentrations)Associate of Arts (multiple business, legal and human services concentrations)Bachelor of Arts (multiple liberal arts/humanities concentrations)Bachelor of Science (multiple biological, health, and environmental science concentrations; business concentrations)Graduate Awards:M.B.A. in LeadershipM.B.A. in Energy & Sustainability StudiesM.B.A. in Human Resource ManagementM.B.A. in Health AdministrationM.B.A in AccountingM.B.A. in Sports ManagementMaster of Science in AccountingMaster of Business Administration and Master of Science in Nursing - Dual DegreeMaster of Education & Teacher CertificationM.Ed Elementary (K-6 or K-8)M.Ed Social Sciences (5-8 or 5-12)M.Ed Life Sciences (7-12)M.Ed English Language Arts (5-8 or 5-12)M.Ed General Special Education (K-12)M.Ed LeadershipMaster of Physician Assistant StudiesM.S. in Nursing EducationM.S. in Nursing LeadershipDoctor of Physical TherapyGraduate Certificate (multiple business, nursing & education)Student:faculty Ratio: 12:1Average Class Size: 16Undergraduate Areas of Study:Accounting/Finance, Biology, Communication, Criminal Justice, Digital Media Design, Education, Emergency Medical Services, English, Environmental Science, Environmental Studies, Healthcare Administration, Health Sciences, History, Integrated Studies,Management, Marketing, Music, Nursing, Political Science, Psychology, Sports and Recreation Management, Sports Media, Education Studies, Human Services.Graduate Areas of Study:Business Administration in Energy and Sustainability Studies, Business Administration in Human Resource Management, Business Administration in Leadership, Business Administration in Sports Management, Business in Health Administration, Education, Health Administration, Human Resource Management, Leadership, Mental Health Counseling, Nursing Administration, Nursing Education, Physical Therapy, Physician Assistant Studies,.MBA tracks are available as an accelerated program through the College of Business and several programs are available online.Accreditation:Franklin Pierce University is accredited by the New England Commission of Higher Education (NECHE). In November 2018, Franklin Pierce was accorded full re-accreditation by NECHE with the next comprehensive evaluation scheduled for Fall 2028.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,208,437
Program Service Revenue $124,622,193
Investment Income $1,921,275
Other Revenue $-4,106
TOTAL REVENUE $127,747,799

Expense Breakdown

Grants Paid $75,120,323
Salaries & Benefits $29,915,406
Fundraising Expenses $660,270
Program Expenses $124,312,372
Other Expenses $26,217,911
TOTAL EXPENSES $131,253,640

Year-over-Year Comparison

2024 2023 Change
Revenue $127,747,799 $124,840,764 +0.0%
Expenses $131,253,640 $127,758,224 +0.0%
Net Income $-3,505,841 $-2,917,460 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
15
Employees
1114
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$945,971
Total Directors
18
$772,638
Key Employees
1
$222,934
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Duprey Chair 1.00
Officer Director
$0 $0 $0
Nick Soggu Vice Chair 1.00
Officer Director
$0 $0 $0
Carol Houle Secretary 1.00
Officer Director
$0 $0 $0
Ellen Arnold Trustee 1.00
Director
$0 $0 $0
Derica Carty Trustee 1.00
Director
$0 $0 $0
Elizabeth DiPietro Trustee 1.00
Director
$0 $0 $0
Melissa Dymek Trustee 1.00
Director
$0 $0 $0
Scott Hallenbeck Trustee 1.00
Director
$0 $0 $0
Alexandra Johnson Trustee 1.00
Director
$0 $0 $0
Mark Litzerman Trustee 1.00
Director
$0 $0 $0
Genevieve McGillicuddy Trustee 1.00
Director
$0 $0 $0
Dominick Miciotta Trustee 1.00
Director
$0 $0 $0
Dr Kim Mooney Past President 40.00
Officer Director
$448,886 $38,261 $487,147
Robert F Riley Trustee 1.00
Director
$0 $0 $0
Rollin Schuster Trustee 1.00
Director
$0 $0 $0
Trent Spiner Trustee 1.00
Director
$0 $0 $0
Frederick Pierce IV Past Trustee 1.00
Director
$0 $0 $0
Peter Eden President 40.00
Officer Director
$269,850 $15,641 $285,491
John Murphy Past Interim CFO 40.00
Officer
$173,333 $0 $173,333
Alexander Mowatt CFO 40.00
Officer
$0 $0 $0
Catherine Paden Provost & VP Acad Affairs 40.00
Key Emp
$193,080 $29,854 $222,934
Sarah Dangelantonio Exec Dean Assess & Acad Affairs 40.00
Highest
$160,542 $21,410 $181,952
Letha Zook Dept Chair Acad Director 40.00
Highest
$151,461 $16,906 $168,367
Linda Quimby VP Enrollment & Uni Comm 40.00
Highest
$136,550 $16,668 $153,218
Joseph Hlavin Acad Prog Director MPAS TX 40.00
Highest
$133,497 $26,211 $159,708
James Donelan Dean Class 40.00
Highest
$122,173 $52,195 $174,368
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $127,747,799 $131,253,640 $87,057,409 $-3,505,841
2024 $124,840,764 $127,758,224 $90,354,301 $-2,917,460
2023 $85,806,266 $86,816,801 $92,753,056 $-1,010,535
2022 $91,004,046 $87,262,013 $94,215,029 $3,742,033
2021 $91,825,890 $86,507,467 $96,302,702 $5,318,423
2020 $89,944,344 $87,235,043 $85,672,978 $2,709,301
2019 $87,495,641 $84,882,220 $82,902,016 $2,613,421
2018 $86,558,162 $81,756,077 $81,429,285 $4,802,085
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