2025-03-14T16:30:54-05:00 2024-06-30 WITHUMSMITHBROWNPC 155 SEAPORT BOULEVARD BOSTON MA 02210 990 2023-07-01 042103576 BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY % KEVIN HEPNER BENJ 6174234630 41 BERKELEY STREET BOSTON MA 02116 KEVIN L HEPNER CFO 6174234630 2025-03-12 true true RICHARD L RUVELSON P00234075 6172273333 2025-03-12 2023 2025-03-06 01:10:19Z DR AISHA FRANCIS 41 BERKELEY STREET BOSTON MA 02116 31547641 false X WWW.FRANKLINCUMMINGS.EDU X 1913 MA BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S mission is to deliver transformative technical and trade education that leads to economic advancement. 22 21 174 21 0 0 9770719 20924339 9426991 10253097 7507 117693 177545 148300 19382762 31443429 2031019 12527269 0 0 8111489 8974389 0 0 874683 6732832 6704236 16875340 28205894 2507422 3237535 22696356 45231193 13872185 33169487 8824171 12061706 X BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S MISSION IS TO DELIVER TRANSFORMATIVE TECHNICAL AND TRADE EDUCATION THAT LEADS TO ECONOMIC ADVANCEMENT. false false 23251676 12527269 10253097 SEE SCHEDULE O 23251676 true true false true false false false false false true true false false false true true false true true false false false false false true false false false true true false false false false false false false false true false false false false true true false false false true 72 0 true 174 true false false false false false true true false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false MA X KEVIN HEPNER 6175881376 41 BERKELEY STREET BOSTON MA 02116 X Aisha Francis President & CEO 35.0 1.0 X X 262403 0 32522 Courtney Roy-Branigan Chief Campaign Officer 35.0 0.0 X 147987 0 22138 Kevin Hepner Chief Financial Officer 35.0 1.0 X 149558 0 11375 Marvin Loiseau Dean of Academics/Stdnt Affair 35.0 0.0 X 145323 0 14392 KRISTEN HURLEY CHIEF STRATEGY OFFICER 35.0 0.0 X 135347 0 14014 John Terasconi Assist. Prof. of HVAC& CHAIR 35.0 0.0 X 128469 0 6810 Kevin Burns LECTURER 35.0 0.0 X 116289 0 0 Turahn Dorsey Chair Board of Trustees 5.0 1.0 X X 0 0 0 Rahkeem Morris Vice Chair 5.0 0.0 X X 0 0 0 Marisa Meldonian Vice Chair 5.0 0.0 X X 0 0 0 Claire Wadlington Treasurer 5.0 1.0 X X 0 0 0 Maureen Pompeo Clerk 5.0 1.0 X X 0 0 0 PETER BAUER Director 2.0 0.0 X 0 0 0 Rodger Brown Director 2.0 0.0 X 0 0 0 Mary Churchill director 2.0 0.0 X 0 0 0 Chenita Daughtry DIRECTOR 2.0 0.0 X 0 0 0 TIFFANY DOTSON DIRECTOR 2.0 0.0 X 0 0 0 Caroline Fay Director 2.0 0.0 X 0 0 0 Chris Jones DIRECTOR 2.0 0.0 X 0 0 0 Rachel Kaprielian DIRECTOR 2.0 0.0 X 0 0 0 PAUL MACRINA DIRECTOR 2.0 0.0 X 0 0 0 Stetson Marshall DIRECTOR 5.0 0.0 X 0 0 0 Trinh Nguyen City of Boston Rep. 2.0 0.0 X 0 0 0 Fernando Rodriguez-Villa DIRECTOR 2.0 0.0 X 0 0 0 Andrew Tarsy Director 2.0 0.0 X 0 0 0 Rahul Yarala Director 2.0 0.0 X 0 0 0 Anna Yu DIRECTOR 2.0 0.0 X 0 0 0 1085376 0 101251 11 false true false Insource Services Inc PO Box 427 NEWTON MA 02464 IT Services 598540 Redhead Media 490 Edgewood Dr COLCHESTER VT 05446 ADVERTISING 368138 FA Solutions 600 1st Ave North 302 ST PETERSBURG FL 33701 FINANCIAL AID Svcs 131307 Norman Stein 199 Babcock Street BROOKLINE MA 02446 Consulting 117000 4 509642 3163239 17251458 335767 20924339 TUITION AND FEES 611710 7595871 7595871 AUXILIARY INCOME 611710 2207771 2207771 STUDENT PROVISIONS 611710 449455 449455 10253097 118723 118723 0 0 148300 148300 0 148300 148300 -1030 -1030 104212 509642 104212 0 0 0 0 0 0 0 0 31443429 10253097 0 265993 10083773 10083773 2443496 2443496 0 0 477493 366743 88275 22475 0 7005057 5562937 1103194 338926 161470 97161 59241 5068 793791 467071 300971 25749 536578 428590 80291 27697 1954767 1351721 479700 123346 116856 19150 97706 45229 45229 66797 66797 0 0 268472 185968 65534 16970 439206 439206 186105 128692 45670 11743 408768 397725 2149 8894 0 281735 29395 252280 60 42476 30513 11227 736 0 53277 36346 16801 130 0 0 380543 380543 125131 125031 100 EQUIPMENT RENTAL 620292 491752 128343 197 STUDENT PROVISIONS 358213 308512 49701 LOAN TERMINATION FEE 274438 274438 STUDENT SERVICES 217398 211835 768 4795 864533 171090 405646 287797 28205894 23251676 4079535 874683 X 2358390 2741133 0 0 2528473 2570785 1615740 3080293 0 0 0 0 0 31673000 0 0 192861 107312 10612140 7220847 14691197 3391293 1270200 1646137 0 0 0 0 0 0 39495 21240 22696356 45231193 1502932 1576266 0 0 914324 8512313 0 0 0 0 0 0 11435155 23079668 0 0 19774 1240 13872185 33169487 X 1191271 3367907 7632900 8693799 8824171 12061706 22696356 45231193 3237535 X false true X true true true X 3912823 7902084 6669579 9770719 20924339 49179544 0 0 3912823 7902084 6669579 9770719 20924339 49179544 8623770 40555774 177160 43320 149383 184489 267023 821375 0 0 50000919 49353931 0.81110 0.83188 X FORM 990, SCHEDULE A, PART I, LINE 2: THE BASIS OF BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE INSTITUTE HAS CHECKED BOX 2 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. 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If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. Benjamin Franklin Cummings Institute of Technology has identified its tax status as a tax-exempt entity and its determinations of which income items are related or unrelated as its only significant tax positions; however, Benjamin Franklin Cummings Institute of Technology has determined that such tax positions do not result in an uncertainty requiring recognition. Benjamin Franklin Cummings Institute of Technology is not currently under examination by any taxing jurisdictions. Benjamin Franklin Cummings Institute of Technology's federal and state tax returns are generally open for examination for three years following the date filed. PART XI, LINE 2D - OTHER ADJUSTMENTS: $104,212 SPECIAL EVENT EXPENSES $ 4,291 RELATED ORGANIZATION INCOME --------- $108,503 PART XI, LINE 4B - OTHER ADJUSTMENTS: $2,443,496 UNIVERSITY FUNDED FINANCIAL AID - TUITION DISCOUNT PART XII, LINE 2D - OTHER ADJUSTMENTS: $104,212 SPECIAL EVENT EXPENSES $ 15 RELATED ORGANIZATION EXPENSES -------- $104,227 PART XII, LINE 4B - OTHER ADJUSTMENTS: $10,083,773 IN-KIND DONATION TO RELATED ORGANIZATION $ 2,443,496 UNIVERSITY FUNDED FINANCIAL AID - TUITION DISCOUNT ----------- $12,527,269 true true true true true true true false false false false false false false false true false true Line - 3 Explanation THE INFORMATION IS MAINTAINED ON THE COLLEGE'S WEBSITE, IN THE CATALOG, AND IN THE STUDENT HANDBOOK. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE INSTITUTE RECEIVES FEDERAL GOVERNMENT FUNDS (TITLE IV) TO BE USED IN THE STUDENT FINANCIAL AID PROGRAM. THE FUNDS RECEIVED INCLUDE PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY AND PARTICIPATION IN THE FEDERAL DIRECT LOAN PROGRAMS (SUBSIDIZED STAFFORD, UNSUBSIDIZED STAFFORD, PARENT PLUS LOANS). ALL GRANTS ARE REVIEWED, EVALUATED AND REPORTED (A-133) BY THE INSTITUTE'S INDEPENDENT AUDITOR, WITHUMSMITH+BROWN, PC GALA EVENT 613854 509642 104212 47285 56927 0 613854 509642 104212 47285 56927 104212 true SCHOLARSHIPS FOR STUDENTS 528 2443496 COST VALUE PART I, LINE 2: THE INSTITUTE MAINTAINS DETAILED RECORDS IN THE STUDENT INFORMATION SYSTEM DATABASE OF ALL SCHOLARSHIPS AWARDED. X X X false false false false false false false false false Aisha Francis President & CEO 262403 0 0 0 0 0 13762 0 18760 0 294925 0 0 0 Marvin Loiseau Dean of Academics/Stdnt Affair 145323 0 0 0 0 0 7430 0 6962 0 159715 0 0 0 Courtney Roy-Branigan Chief Campaign Officer 147987 0 0 0 0 0 3317 0 18821 0 170125 0 0 0 Kevin Hepner Chief Financial Officer 149558 0 0 0 0 0 4413 0 6962 0 160933 0 0 0 X 1 380 FMV X FURNITURE 1 175000 FMV X COMPUTER EQUIP 1 151564 FMV X PRESCRIPTION LENS 1000 4000 FMV X MISCELLANEOUS 2 4823 FMV false true false SCHEDULE M, PART I, COLUMN (B): THE AMOUNT REPORTED ON SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY IS AN AFFORDABLE, URBAN COLLEGE SERVING THE BOSTON REGION AND COMMITTED TO STUDENT SUCCESS AND CAREER READINESS IN TECHNOLOGY FIELDS. THROUGH PERSONALIZED SUPPORT, HANDS-ON LEARNING, AND INDUSTRY-INFORMED CURRICULA, BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY PREPARES GRADUATES FOR WORK, LIFE-LONG LEARNING, AND CITIZENSHIP. FORM 990, PART III, LINE 4A - DESCRIPTION OF PROGRAM SERVICE ACTIVITIES: Benjamin Franklin Cummings Institute of Technology is a private nonprofit technical college founded in 1908 with a mission to deliver transformative technical and trade education that leads to economic advancement. Our special focus is to educate students in growing career fields and meet the workforce needs of high-demand industries. Along with a solid technical foundation and hands-on experience, our approach to education emphasizes team-building, problem-solving, and communication skills required to succeed in today's workforce. Over the past five years the College has seen a shift in the make-up of its student body through adding more contract education programs whereby a student's education is paid for by third parties. The College has also invested in the expansion of programs for special targeted populations (Early College, Re-Entry, Recovery, Adult Career Changers, etc.). In FY 2020 the College serviced a total of 818 students with 651 students served in its core degree seeking programs and 178 students in its special programs. In FY 2024 the College served 1,040 students with 467 served in its core degree seeking programs and 573 in its special programs. That represents a 27% increase in total students serviced over this 4-year period. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C: TRUSTEES ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE ANNUALLY AND REPORT CONFLICTS IMMEDIATELY SHOULD THEY DEVELOP DURING THE YEAR. CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY THE CHAIR OF THE GOVERNANCE COMMITTEE, AS AUTHROIZED BY THE BOARD OF TRUSTEES IS RESPONSIBLE FOR RESOLUTION, AND THE INDIVIDUAL WITH A CONFLICT IS RECUSED FROM PARTICIPATING IN THE DISCUSSION AND RESOLUTION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15: THE PRESIDENT'S COMPENSATION IS SUBJECT TO ANNUAL REVIEW BY A PRESIDENTIAL REVIEW SUBCOMMITTEE, AS AUTHORIZED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE SUBCOMMITTEE MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, WHO REVIEWS COMPARABLE SALARY INFORMATION PRIOR TO MAKING A RECOMMENDATION FOR APPROVAL TO THE COMPLETE BOARD OF TRUSTEES. THE REVIEW IS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES. THE CFO'S COMPENSATION IS DETERMINED USING COMPARABILITY DATA, INCLUDING REVIEW AND APPROVAL BY INDEPENDENT PERSONS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19: THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FRANKLIN FOUNDATION INC 41 BERKELEY STREET BOSTOn MA 02116 222995201 Support BFCIT MA 501(C)(3) LINE 12A, I BFCIT true false true false true false false false false false false false false false false false false false false false THE FRANKLIN FOUNDATION INC C 10083773 BOOK VALUE