2026-02-13T10:51:55-08:00 2025-06-30 112472100 PALMETTO MOLLO MOLINARO & PASSARELLO LLP 515 BROADHOLLOW ROAD SUITE 800 Melville NY 11747 990 2024-07-01 237075717 FRANKLIN SWITZERLAND INC FRAN 2129229650 405 LEXINGTON AVENUE 26TH FL NEW YORK NY 10174 PAUL C LOWERRE Chairman 2026-02-13 true true Robert Molinaro P00104013 6317618989 2024 2025-03-06 01:10:19Z X PAUL C LOWERRE 405 LEXINGTON AVENUE 26TH FL NEW YORK NY 10174 26103141 false X WWW.FUS.EDU X 1970 DE FRANKLIN SWITZERLAND, INC. IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE AN EDUCATION ON AN INTERNATIONAL BASIS. 17 0 7 0 3093485 871677 23543533 24283476 366839 440703 448353 454088 27452210 26049944 6716337 6990796 0 9431510 8996005 0 560649 10682852 9400222 26830699 25387023 621511 662921 59069837 64024431 46761533 51053206 12308304 12971225 FRANKLIN SWITZERLAND, INC. IS A NONPROFIT ORGANIZATION WHOSE OBJECTIVE IS TO PROVIDE AN EDUCATION ON AN INTERNATIONAL BASIS. false false 14476689 6990797 454085 OPERATIONS OF AN ACCREDITED UNIVERSITY WITH AN AVERAGE ENROLLENT OF 378 UNDERGRADUATE STUDENTS AND 0 GRADUATE STUDENTS. 14476689 true true false false false false false true false true true false false false true false true false true true true false true false false false false false false true false false false false false false false false true false false false false false false false false true 276 0 true 7 true false true SZ false false false false false 0 false false false false false false false X 17 0 false false false false false false false true true false false true true true true true true true true false NY X PALMETTOMOLLOMOLINARO 6317618989 515 BROADHOLLOW ROAD SUITE 800 MELVILLE NY 11747 X totals 0.00 0.00 1171979 0 0 CHRISTOPH EBELL Trustee 0.00 0.00 X 0 0 0 JOE SARNO Trustee 0.00 0.00 X 0 0 0 DENISE H ALFELD Trustee 0.00 0.00 X 0 0 0 LAURENT BELET Trustee 0.00 0.00 X 0 0 0 JENNIFER H BERG Trustee 0.00 0.00 X 0 0 0 LUSYD E DOOLITTLE Trustee 0.00 0.00 X 0 0 0 STANLEY M ELLIS Trustee 0.00 0.00 X 0 0 0 LUCIUS L FOWLER Trustee 0.00 0.00 X 0 0 0 DEIRDRE KINNEY-BRENNAN Trustee 0.00 0.00 X 0 0 0 PAUL C LOWERRE Chairman 0.00 0.00 X 0 0 0 KEVIN W MCNEELY Trustee 0.00 0.00 X 0 0 0 PHILIP RENAUD Trustee 0.00 0.00 X 0 0 0 CHRISTOPHER SCHOLZ Trustee 0.00 0.00 X 0 0 0 AUSTIN TOMLINSON Trustee 0.00 0.00 X 0 0 0 PASCAL F TONE Trustee 0.00 0.00 X 0 0 0 JAY TUCKER Trustee 0.00 0.00 X 0 0 0 CABELL GOOLSBY WEST Trustee 0.00 0.00 X 0 0 0 1171979 1 false true false ELECTRIC CLAUDIO MERLO VIA INDUSTRIA 1 6807 TAVERNE SZ ELECTRICAL 163960 GARZONI SA VIA BESSO 23A 6900 LUGANO SZ CONSTRUCTION 111508 SPALU SA VIA CONCORDIA 12 6900 LUGANO SZ ELECTRICAL 122946 3 871677 203012 871677 AUXILIARY ENTERPRISES 611710 5509730 5509730 EDUCATIONAL ACTIVITIES 611710 1548237 1548237 TUITION & FEES 611710 17225509 17225509 24283476 440703 440703 0 0 95265 95265 95265 95265 0 0 0 29516 53197 -23681 -23681 OTHER OPERATING REVENUE 611710 382504 382504 382504 26049944 24642299 535968 0 0 6990796 6990796 0 1171979 1000932 171047 0 6776194 3114595 3538753 122846 230362 98501 126029 5832 160537 62909 91692 5936 656933 257428 375214 24291 0 150586 150586 203348 203348 0 0 0 384964 2000 364981 17983 0 0 0 0 0 0 1820355 1535069 267610 17676 0 735434 735434 0 1992306 1992306 142750 27833 114917 STUDENT EXP. & ACTIVITIES 1294644 1294644 BUILDING & RESIDENCE EXP. 1172580 677484 495096 OFFICE,PUBLISHING & TECHNOLOGY 628651 6362 592880 29409 PENSION RELATED CHANGES 317938 317938 556666 409068 -18031 165629 25387023 14476689 10349685 560649 3663246 2958965 2952027 3718050 18775 0 126558 141536 0 0 0 52794 28508 777574 906186 87336909 31996270 49968275 55340639 0 0 0 0 1510588 930547 59069837 64024431 785753 384381 35107237 43247933 10868543 7420892 46761533 51053206 X 6004514 6718182 6303790 6253043 12308304 12971225 59069837 64024431 662921 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 373000 X false 4141751 18900 374016 18000 4516667 3199404 926250 309097 293000 4141751 1892850 1152597 161957 8000 3199404 1817026 41764 192060 2050850 1389394 20200 66272 1475866 1.00000 false false false 8647298 8647298 68434719 23350054 45084665 9881892 8646216 1235676 373000 373000 55340639 ACCRUED EXPENSES 2523650 LEASE LIABILITY 790257 OTHER LOANS PAYABLE 258231 PENSION BENEFITS 1927106 TUITION & ROOM DEPOSITS 1921648 7420892 19112343 -6990797 -6990797 26103140 -53196 -53196 26049944 18449422 53196 53196 18396226 6990797 6990797 25387023 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD-included in expenses $53196 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIP & FELLOWSHIP (INCLUDE IN RE $6990797 true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized FRANKLIN'S DISCRIMINATION POLICY IS INCLUDED ON ITS WEBSITE AS WELL AS IN ITS ACADEMIC CATALOG WHICH IS DISTRIBUTED UPON REQUEST. IT STATES "FRANKLIN SWITZERLAND, INC. DOES NOT DISCRIMINATE IN ITS ADMISSION AND FINANCIAL AID POLICIES AND PRACTICES ON THE BASIS OF FACTORS SUCH AS RACE, SEX, SEXUAL ORIENTATION, AGE, COLOR, RELIGION OR REGIONAL ORIGIN." Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race true SWITZERLAND 1 103 PROGRAM SERVICES EDUCATION 0 1 103 1 103 CCIS DISCOUNTS SWITZERLAND 40 217880 CREDIT TO ACCOU N/A N/A FINANCIAL AID SWITZERLAND 149 2036286 CREDIT TO ACCOU N/A N/A FLY FREE AWARDS SWITZERLAND 64 130233 CREDIT TO ACCOU N/A N/A INSTITUTIONAL AGREEMENTS SWITZERLAND 4 22590 CREDIT TO ACCOU N/A N/A LIFE-LONG LEARNING SCHOLARSHIPS SWITZERLAND 95 131684 CREDIT TO ACCOU N/A N/A MERIT AID SWITZERLAND 302 4268536 CREDIT TO ACCOU N/A N/A Residence Supervisors SWITZERLAND 12 183587 CREDIT TO ACCOU N/A N/A false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US STUDENT RECIPIENTS OF SCHOLARSHIPS AND MERIT AWARDS ARE SELECTED BY THE UNIVERSITY BASED ON A NUMBER OF QUALIFICATIONS INCLUDING: FOR FINANCIAL AID, A STUDENT MUST DEMONSTRATE A FINANCIAL NEED BASED ON THE STUDENT'S FAFSA. THE STUDENT'S GPA IS ALSO CONSIDERED AND MUST BE AT LEAST 2.5. OTHER AWARDS REQUIRE A GPA OF AT LEAST 2.8. X X false false false false false false false false false totals 1171979 1171979 Part III, Additional Information PART II:WE HAVE NOT PROVIDED DETAILS CONCERNING COMPENSATION DUE TO SWISS PRIVACY LAW CONCERNS X 8 203012 FMV false true true Part I, Line 32, Hire and Use of Third Parties WHEN ON OCCASION CONTRIBUTED STOCK IS SOLD, IT IS BY A HIRED THIRD PARTY STOCKBROKER Form 990, Part VI, Section B, Line 11b THE TAX RETURN IS MAILED TO THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION FOR REVIEW. UPON APPROVAL BY THE VP, IT IS MAILED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR HIS REVIEW AND ULTIMATE APPROVAL. Form 990, Part VI, Section B, Line 12c MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AT THE EARLIEST POSSIBLE TIME, WHILE EMPLOYEES MUST DISCOSE ANY POTENTIAL CONFLICTS OF INTEREST TO HIS/HER IMMEDIATE SUPERVISOR, WHO IN TURN MUST INFORM THE VP OF FINANCE & ADMINISTRATION. ADDITIONALLY, ALL CONFLICTS ON THE BOARD ARE DISCLOSED IN WRITING TO THE TRUSTEES COMMITEE WHICH IS RESPONSIBLE FOR ISSUES OF GOVERNANCE. Form 990, Part VI, Section B, Line 15a THE BOARD OF TRUSTEES OF THE COLLEGE HAS A STANDING COMMITTEE FOR PRESIDENTIAL COMPENSATION COMPOSED OF THE CHAIR, VICE CHAIR AND, TWO TRUSTEES WITH SUBSTANTIAL EXPERIENCE IN MATTERS OF LEADERSHIP AND EXECUTIVE COMPENSATION MATTERS. IN DETERMINING COMPENSATION, THE COMMITTEE CONSIDERS COMPARATIVE DATA FROM OTHER INSTITUTIONS, INFORMATION DISSEMINATED AT THE ANNUAL CIC CONFERENCE AND THE CHRONICLE OF HIGHER EDUCATION, SPECIAL ISSUES RELATED TO FRANKLIN'S UNIQUE LOCATION AND CORPORATE STRUCTURE, AND AN ANNUAL EVALUATION OF PRESIDENTIAL PERFORMANCE. THIS PROCESS AND ALL ITS ELEMENTS HAVE BEEN REVIEWED AND APPROVED BY THE AUDIT PARTNER OF THE FIRM AUDITING THE COLLEGE'S FINANCIAL STATEMENTS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST. Form 990 page 1, B Name Change Franklin University Switzerland, Inc has changed its name to Franklin Switzerland, Inc. Attached is a copy of the Certificate of Amendment of Certificate of Incorporation of Franklin University Switzerland, Inc. Part VII, page 7 WE HAVE NOT PROVIDED DETAILS CONCERNING COMPENSATION DUE TO SWISS PRIVACY LAW CONCERNS.