Economic Growth
Promotes regional economic development through strategic partnerships and support for business expansion initiatives
Supporting business and community development in IN
About Organization
Franklin College of Indiana serves the business community in Franklin, IN through advocacy and leadership development. The organization manages $53.5M in annual revenue, $154.5M in assets. Recent financial data shows organizational stability over the past three years.
Economic Growth
Promotes regional economic development through strategic partnerships and support for business expansion initiatives
Member Services
Provides networking opportunities, professional development resources, and support services for member organizations
Community Leadership
Develops business leadership capacity and facilitates collaboration on community priorities and regional challenges
Form 990 data showing organizational financial health and growth.
Revenue (2023)
$53.5M
+0% vs 2023
Assets (2023)
$154.5M
+0% vs 2023
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2023 | — | — | — | — |
| 2023 | $53,485,375 | $52,908,332 | $154,479,400 | 725 |
| 2022 | — | — | — | — |
| 2022 | $45,024,560 | $52,368,802 | $149,014,659 | 743 |
| 2021 | — | — | — | — |
| 2021 | $51,278,837 | $50,621,990 | $144,719,563 | 758 |
| 2020 | — | — | — | — |
| 2020 | $64,884,316 | $49,853,745 | $160,839,660 | 763 |
| 2019 | $38,689,128 | $47,536,371 | $142,128,594 | 862 |
| 2018 | $43,088,333 | $45,962,474 | $147,361,132 | 848 |
Source: IRS Form 990 filings. All figures in USD.
Identifies priority issues through stakeholder consultation and analysis of business community needs
Develops targeted initiatives based on member input and regional economic development priorities
Executes programs through partnerships with member organizations and community stakeholders
Evaluates outcomes through member feedback and tracks progress toward organizational objectives
Services and programs offered by Franklin College of Indiana
Coordinates civic community development efforts through strategic planning and implementation support
Provides structured support and resources for charitable donation initiatives across member organizations
Delivers comprehensive services focused on for grant recipients exempt purposes to advance organizational mission and impact
Meet the people behind Franklin College of Indiana.
2024
2024
Launched enhanced member services and expanded advocacy initiatives for business community
2026
2026
Maintains active programming serving member organizations and regional economic development priorities
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2023)
$1.5M
Highest Paid
$405K
Kerry Prather
Compensated Officers
7
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Kerry Prather | President | $344,963 | $59,763 | $404,726 | 40 |
| Dana Cummings | Vice President Development And Alumni Engagement (Until March 2024) | $166,130 | $40,261 | $206,391 | 40 |
| Andrew Hendricks | VP Of Enrollment & Marketing | $173,688 | $32,685 | $206,373 | 40 |
| Kevin Honigford | Vice President And Chief Financial Officer | $158,245 | $28,982 | $187,227 | 40 |
| Andrew Jones | Vice President For Student Development & Dean Of Students | $137,498 | $38,041 | $175,539 | 40 |
| Kristin Flora | Vice President For Academic Affairs & Dean Of The College | $151,198 | $23,785 | $174,983 | 40 |
| Jasmina Cheeseman | Program Director & Assistant Professor | $137,705 | $17,269 | $154,974 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Kerry Prather | President | $355,836 | $57,413 | $413,249 | 40 |
| Dana Cummings | Vice President Development And Alumni Engagement | $166,047 | $39,308 | $205,355 | 40 |
| Kevin Honigford | Vice President And Chief Financial Officer | $157,730 | $28,145 | $185,875 | 40 |
| Andrew Jones | Vice President For Student Development & Dean Of Students | $137,163 | $38,038 | $175,201 | 40 |
| Kristin Flora | Vice President For Academic Affairs & Dean Of The College | $149,188 | $23,503 | $172,691 | 40 |
| Jasmina Cheeseman | Program Director & Assistant Professor | $133,999 | $17,001 | $151,000 | 40 |
| Andrew Hendricks | VP Of Enrollment & Marketing/Athletic Director/Head Swimming & Diving Coach | $121,180 | $29,147 | $150,327 | 40 |
| Thanda Maceo | Vice President Of Enrollment & Marketing (Until August 2022) | $109,878 | $16,070 | $125,948 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Kerry Prather | President | $324,947 | $53,485 | $378,432 | 40 |
| Dana Cummings | Vice President Development And Alumni Engagement | $163,314 | $41,730 | $205,044 | 40 |
| Thanda Maceo | Vice President Of Enrollment & Marketing | $162,767 | $23,751 | $186,518 | 40 |
| Tim Garner | Former Acting Associate Vice President For Academic Affairs | $157,060 | $10,837 | $167,897 | 40 |
| Andrew Jones | Vice President For Student Development & Dean Of Students | $128,198 | $36,817 | $165,015 | 40 |
| Kristin Flora | Vice President For Academic Affairs & Dean Of The College | $134,987 | $23,415 | $158,402 | 40 |
| Jasmina Cheeseman | Program Director & Assistant Professor | $123,383 | $11,251 | $134,634 | 40 |
| Andrew Hendricks | Athletic Director/Head Swimming & Diving Coach | $90,000 | $34,367 | $124,367 | 40 |
| Kevin Honigford | Vice President And Chief Financial Officer (Began Sept. 7, 2021) | $50,214 | $7,886 | $58,100 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Kerry Prather | President | $261,227 | $65,264 | $326,491 | 40 |
| Dana Cummings | Vice President Development And Alumni Engagement | $162,388 | $47,083 | $209,471 | 40 |
| Joseph Hornett | Vice President And Chief Financial Officer (Left May 19, 2021) | $172,078 | $28,599 | $200,677 | 40 |
| Thomas Meehan | Program Director & Assistant Professor (Left Jan. 30 ,2021) | $124,654 | $40,500 | $165,154 | 40 |
| Andrew Jones | Vice President For Student Development & Dean Of Students | $122,286 | $41,297 | $163,583 | 40 |
| Tim Garner | Acting Associate Vice President For Academic Affairs | $132,957 | $26,979 | $159,936 | 40 |
| Andrew Hendricks | Athletic Director/Head Swimming & Diving Coach | $101,728 | $38,589 | $140,317 | 40 |
| Kristin Flora | Vice President For Academic Affairs & Dean Of The College | $95,873 | $22,911 | $118,784 | 40 |
| Thanda Maceo | Vice President Of Enrollment & Marketing (Began Sept. 16, 2020) | $47,502 | $6,352 | $53,854 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Thomas J Minar | President (Left Jan. 11, 2020) | $347,826 | $61,973 | $409,799 | 40 |
| Dana Cummings | Vice President Development And Alumni Engagement | $159,304 | $47,529 | $206,833 | 40 |
| Joseph Hornett | Vice President And Chief Financial Officer | $168,347 | $28,017 | $196,364 | 40 |
| Lori Schroeder | Provost And Dean Of The College | $145,001 | $46,172 | $191,173 | 40 |
| Thomas Meehan | Program Director & Assistant Professor | $119,368 | $40,188 | $159,556 | 40 |
| Tim Garner | Acting Associate Vice President For Academic Affairs | $125,745 | $33,690 | $159,435 | 40 |
| Kerry Prather | President (Started Jan. 14, 2020) | $105,980 | $41,840 | $147,820 | 40 |
| Kate Coffman | Vice President And Dean Of Admissions & Financial Aid (Left Nov. 15, 2019) | $125,855 | $17,138 | $142,993 | 40 |
| Mike Leonard | Head Football Coach/Director Of Development | $106,534 | $21,810 | $128,344 | 40 |
| Andrew Hendricks | Acting Vice President Of Enrollment & Financial Aid/Head Swimming & Diving Coach | $67,675 | $29,120 | $96,795 | 40 |
| Kristin Flora | Acting Vice President For Academic Affairs & Dean Of The College | $60,264 | $17,773 | $78,037 | 40 |
| Andrew Jones | Vice President For Student Development & Dean Of Students | $31,322 | $9,214 | $40,536 | 40 |
| Carol Tumey | Trustee | $890 | — | $890 | 2 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Paycheck Protection Program (2020-2021)
Total Approved
$2.6M
Total Forgiven
$2.7M
101% forgiven
Jobs Retained
304
Source: Small Business Administration • Paycheck Protection Program (2020-2021)
Grant funding relationships from IRS Form 990 filings
Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.
Government awards and grants from USAspending.gov
| Agency | Award ID | Type | Period | Amount |
|---|---|---|---|---|
| Education | P063P251400 | DIRECT PAYMENT FOR SPECIFIED USE, AS A SUBSIDY OR OTHER NON-REIMBURSABLE DIRECT FINANCIAL AID (C) | 2025-2031 | $1,053,564 |
| HHS | H79SM089938 | PROJECT GRANT (B) | 2024-2027 | $193,712 |
| Education | P268K261400 | DIRECT LOAN (E) | 2025-2047 | $0 |
Source: USAspending.gov. Amounts represent total federal obligations.