Civic Intelligence

Franklin Pierce University

EIN 02-0263136 • 501(c)3 • Rindge, NH

View Organization Page

Profile

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.

40 University DriveRindge, NH 03461

www.franklinpierce.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.50x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.54x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

21st percentile

-1.6%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-5.7%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$87,057,409

Down $3,296,892 (-3.6%) from 2024

Liabilities

Down

$45,308,667

Down $99,366 (-0.2%) from 2024

Net Assets

Down

$41,748,742

Down $3,197,526 (-7.1%) from 2024

Operations
Liabilities / Revenue62nd percentileNet Margin29th percentile

Revenue

Up

$127,747,799

Up $2,907,035 (+2.3%) from 2024

Expenses

Up

$131,253,640

Up $3,495,416 (+2.7%) from 2024

Net Income

Down

-$3,505,841

Down $588,381 (-20%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $75,939,385Liabilities 2010: $58,600,929Net Assets 2010: $17,338,4562010Assets 2011: $75,106,835Liabilities 2011: $56,628,354Net Assets 2011: $18,478,4812011Assets 2012: $73,147,629Liabilities 2012: $56,212,236Net Assets 2012: $16,935,3932012Assets 2013: $72,255,163Liabilities 2013: $54,780,129Net Assets 2013: $17,475,0342013Assets 2014: $71,848,082Liabilities 2014: $54,091,193Net Assets 2014: $17,756,8892014Assets 2015: $74,083,538Liabilities 2015: $52,974,507Net Assets 2015: $21,109,0312015Assets 2016: $78,667,977Liabilities 2016: $52,156,969Net Assets 2016: $26,511,0082016Assets 2017: $76,369,890Liabilities 2017: $47,614,593Net Assets 2017: $28,755,2972017Assets 2018: $81,429,285Liabilities 2018: $47,502,271Net Assets 2018: $33,927,0142018Assets 2019: $82,902,016Liabilities 2019: $46,781,188Net Assets 2019: $36,120,8282019Assets 2020: $85,672,978Liabilities 2020: $46,139,842Net Assets 2020: $39,533,1362020Assets 2021: $96,302,702Liabilities 2021: $49,180,225Net Assets 2021: $47,122,4772021Assets 2022: $94,215,029Liabilities 2022: $47,162,314Net Assets 2022: $47,052,7152022Assets 2023: $92,753,056Liabilities 2023: $46,503,900Net Assets 2023: $46,249,1562023Assets 2024: $90,354,301Liabilities 2024: $45,408,033Net Assets 2024: $44,946,2682024Assets 2025: $87,057,409Liabilities 2025: $45,308,667Net Assets 2025: $41,748,7422025

Highlighted filing

2025

Assets$87,057,409
Liabilities$45,308,667
Net Assets$41,748,742
Open 2025 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $66,411,0972010Expenses 2011: $67,740,9842011Expenses 2012: $66,051,9672012Revenue 2013: $68,765,352Expenses 2013: $68,064,291Net Income 2013: $701,0612013Revenue 2014: $73,228,054Expenses 2014: $73,271,558Net Income 2014: -$43,5042014Revenue 2015: $75,870,932Expenses 2015: $71,787,221Net Income 2015: $4,083,7112015Revenue 2016: $79,903,694Expenses 2016: $74,160,605Net Income 2016: $5,743,0892016Revenue 2017: $85,957,100Expenses 2017: $82,193,822Net Income 2017: $3,763,2782017Revenue 2018: $86,558,162Expenses 2018: $81,756,077Net Income 2018: $4,802,0852018Revenue 2019: $87,495,641Expenses 2019: $84,882,220Net Income 2019: $2,613,4212019Revenue 2020: $89,944,344Expenses 2020: $87,235,043Net Income 2020: $2,709,3012020Revenue 2021: $91,825,890Expenses 2021: $86,507,467Net Income 2021: $5,318,4232021Revenue 2022: $91,004,046Expenses 2022: $87,262,013Net Income 2022: $3,742,0332022Revenue 2023: $85,806,266Expenses 2023: $86,816,801Net Income 2023: -$1,010,5352023Revenue 2024: $124,840,764Expenses 2024: $127,758,224Net Income 2024: -$2,917,4602024Revenue 2025: $127,747,799Expenses 2025: $131,253,640Net Income 2025: -$3,505,8412025

Highlighted filing

2025

Revenue$127,747,799
Expenses$131,253,640
Net Income-$3,505,841
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,057,409
Liabilities
$45,308,667
Net assets
$41,748,742
Revenue
$127,747,799
Expenses
$131,253,640
Net income
-$3,505,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$87.1$45.3$41.7$128$131$3.51
2024Detailed filing. Detailed filing data is available for this year.$90.4$45.4$44.9$125$128$2.92
2023Detailed filing. Detailed filing data is available for this year.$92.8$46.5$46.2$85.8$86.8$1.01
2022Detailed filing. Detailed filing data is available for this year.$94.2$47.2$47.1$91.0$87.3$3.74
2021Detailed filing. Detailed filing data is available for this year.$96.3$49.2$47.1$91.8$86.5$5.32
2020Detailed filing. Detailed filing data is available for this year.$85.7$46.1$39.5$89.9$87.2$2.71
2019Detailed filing. Detailed filing data is available for this year.$82.9$46.8$36.1$87.5$84.9$2.61
2018Detailed filing. Detailed filing data is available for this year.$81.4$47.5$33.9$86.6$81.8$4.80
2017Detailed filing. Detailed filing data is available for this year.$76.4$47.6$28.8$86.0$82.2$3.76
2016Detailed filing. Detailed filing data is available for this year.$78.7$52.2$26.5$79.9$74.2$5.74
2015Detailed filing. Detailed filing data is available for this year.$74.1$53.0$21.1$75.9$71.8$4.08
2014Detailed filing. Detailed filing data is available for this year.$71.8$54.1$17.8$73.2$73.3$0.04
2013Summary only. Only limited summary data is available for this year.$72.3$54.8$17.5$68.8$68.1$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.1$56.2$16.9$66.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.1$56.6$18.5$67.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.9$58.6$17.3$66.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 9, 2026
Return Version
2024v5.5
Gross Receipts
$132,911,020
Mission and Program Overview

Mission

Franklin Pierce University embraces an education that matters: one that achieves success through the integration of liberal arts and professional programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,183,656$41,295,414▼ $1,888,242
Investments in Publicly Traded Securities$22,727,852$23,344,348▲ $616,496
Savings and Temporary Cash Investments$12,016,067$8,697,176▼ $3,318,891
Intangible Assets$4,387,878$4,958,295▲ $570,417
Pledges and Grants Receivable$5,204,836$4,783,151▼ $421,685
Accounts Receivable$1,206,047$2,379,614▲ $1,173,567
Prepaid Expenses and Deferred Charges$1,061,510$1,057,237▼ $4,273
Inventories for Sale or Use$165,136$119,562▼ $45,574
Cash and Non-Interest-Bearing Accounts$4,500$4,300▼ $200
Other Notes and Loans Receivable, Net$2,333$2,129▼ $204
Total Assets$90,354,301$87,057,409▼ $3,296,892
Other Assets Total$394,486$416,183▲ $21,697
Liabilities
Tax Exempt Bond Liabilities$28,478,626$27,640,398▼ $838,228
Other Liabilities$8,396,289$9,346,043▲ $949,754
Deferred Revenue$5,545,636$6,014,747▲ $469,111
Accounts Payable and Accrued Expenses$2,987,482$2,307,479▼ $680,003
Total Liabilities$45,408,033$45,308,667▼ $99,366
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,377,587$28,976,640▼ $3,400,947
Net Assets With Donor Restrictions$12,568,681$12,772,102▲ $203,421
Total Net Assets Fund Balance$44,946,268$41,748,742▼ $3,197,526
Total Liabilities and Net Assets / Fund Balance$90,354,301$87,057,409▼ $3,296,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,881,292$48,338,361$78,219,653
Other Land Buildings$6,002,419$16,315,666$22,318,085
Equipment$4,684,339$12,740,447$17,424,786
Land$579,190-$579,190
Leasehold Improvements$148,174$319,818$467,992

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$23,032,040$368,563▲ $1,940,540$1,496,000$23,845,143
2023$21,158,586$282,793▲ $2,628,661$1,038,000$23,032,040
2022$21,483,841$663,025▼ $17,280$971,000$21,158,586
2021$22,836,295$1,134,670▼ $1,668,124$819,000$21,483,841
2020$17,224,432$2,203,186▲ $4,109,677$701,000$22,836,295
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Kim MooneyPast PresidentFT$448,886$38,261$487,147
Peter EdenPresidentFT$244,850$40,641$285,491
Catherine PadenProvost & VP Acad AffairsFT$193,080$29,854$222,934
Sarah DangelantonioExec Dean Assess & Acad AffairsFT$160,542$21,410$181,952
James DonelanDean ClassFT$122,173$52,195$174,368
John MurphyPast Interim CFOFT$173,333-$173,333
Letha ZookDept Chair Acad DirectorFT$151,461$16,906$168,367
Joseph HlavinAcad Prog Director MPAS TXFT$133,497$26,211$159,708
Linda QuimbyVP Enrollment & Uni CommFT$136,550$16,668$153,218

Board Members and Trustees

NameTitle
Steve DupreyChair
Nick SogguVice Chair
Frederick Pierce IVPast Trustee
Alexandra JohnsonTrustee
Derica CartyTrustee
Dominick MiciottaTrustee
Elizabeth DiPietroTrustee
Ellen ArnoldTrustee
Genevieve McGillicuddyTrustee
Mark LitzermanTrustee
Melissa DymekTrustee
Robert F RileyTrustee
Rollin SchusterTrustee
Scott HallenbeckTrustee
Trent SpinerTrustee
Alexander MowattCFO
Carol HouleSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo Inc & AffiliatesFood ServicePO Box 360170, Pittsburgh, PA 15251-6170$3,004,320
Precision Temperature Control IncHVAC Repairs & Service460 Route 101, Bedford, NH 03110$1,033,213
Central Guards Security ServiceSecurity1087 Elm Street Suite 248, Manchester, NH 03101$752,821
EabStudent Recruiting Services2445 M Street NW, Washington, DC 20037$647,114
WSO Plus IncWater & Sewer System Repairs405 Flanders Road, Henniker, NH 03242-6386$341,855
Revenue and Support

Revenue Composition

Contributions and Grants
$1,208,437
Program Service Revenue
$124,622,193
Investment Income
$1,921,275
Other Revenue
$-4,106
All Other Contributions
$655,045
Change in Net Assets
$-3,505,841

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$125,792Stock Market Value
Total Noncash Contributions7$125,792-

Audited Revenue Reconciliation

Revenue per Audited Statements
$52,463,941
Revenue Not Reported on Financial Statements
$75,283,858
Revenue Not Reported on Form 990
$332,031
Other Revenue Adjustments
$75,132,082
Total Revenue per Audited Statements
$52,795,972
Total Revenue per Form 990
$127,747,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,120,323
Salaries, Compensation, and Employee Benefits$29,915,406
Other Expenses$26,217,911
Total Fundraising Expense$660,270
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$75,120,323--$75,120,323
Other Salaries and Wages$20,123,353$1,212,346$403,182$21,738,881
Occupancy$5,782,904$370,528$95$6,153,527
Fees for Services Other$4,007,788$963,102$85,947$5,056,837
Other Employee Benefits$3,984,700$559,132$81,927$4,625,759
Depreciation Depletion$4,096,764$183,919-$4,280,683
Payroll Taxes$1,396,455$189,623$28,522$1,614,600
Current Officers, Directors, Trustees, and Key Employees-$1,168,905-$1,168,905
Insurance$1,090,257$48,946-$1,139,203
Office Expenses$424,472$678,454$17,709$1,120,635
Interest$1,054,653$47,347-$1,102,000
Pension Plan Contributions$695,179$58,154$13,928$767,261
Information Technology$537,947$86,906-$624,853
Travel$345,634$23,826$14,140$383,600
Advertising$310,743-$100$310,843
Fees for Service Investment Mgmnt Fees-$151,776-$151,776
Fees for Services Accounting-$111,165-$111,165
Fees for Services Legal-$69,323-$69,323
Other Expenses$11,759$299,922$14,720$11,759
Total Functional Expenses$124,312,372$6,280,998$660,270$131,253,640

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$131,253,640
Expenses Not Reported on Financial Statements$75,283,858
Other Expense Adjustments$75,132,082
Total Expenses per Audited Statements$55,993,498
Expenses per Audited Statements$55,969,782
Expenses Not Reported on Form 990$23,716
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,866
Fundraising Gross Income$14,760
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$47,445$14,760$5,000$9,760
Total Events$47,445$14,760$18,866$-4,106
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$5,972,594
Student Deposits$3,373,449

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hampshire Health and Education Facilities Authority2016-11-07$34,562,000Construction of college facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$34,562,000$33,886,137$6,431,829$675,863

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The minutes are maintained for all full board meetings but are not maintained for the executive sessions.”

Form 990, Part VI, Section B, line 11B

“The 990 is reviewed by the CFO, President and the Audit Committee. A draft of the 990 is provided to the entire board of directors prior to filing and they are informed of the planned file date so that any concerns can be communicated prior to filing. The finalized and filed 990 is provided to the entire board after filing.”

Form 990, Part VI, Section B, line 12C

“A list of vendors who are paid over $5,000 annually are provided to all Trustees, Officers and key managers and directors. They are required to check the list and sign a document indicating any conflicts of interest. The organization's policy is reviewed annually by the Audit committee. Potential conflicts noted are reviewed annually to determine if action is necessary.”

Form 990, Part VI, Section B, line 15

“The Executive Committee, acting without individuals who have a conflict of interest, will annually review total compensation data compiled by independent organizations such as CUPA, The Chronicle of Higher Education or an independent compensation consulting firm. Franklin Pierce considers comparative data for similarly qualified individuals in functionally comparable positions at similarly situated institutions. It's within the Committee's purview to engage with Human Resources to compile the most relevant data.”

Form 990, Part VI, Section C, line 19

“Franklin Pierce University makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Pierce University
EIN
02-0263136
Phone
6038994000
Address
40 University Drive, Rindge, NH 03461

Signing Officer

Name
Peter Eden
Title
President
Phone
6038994000
Signed
2026-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Eden
Formed
1962
Legal Domicile
Nh
Voting Board Members
16
Independent Board Members
15
Employees
1,114
Volunteers
17

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
2211 Congress St, Portland, ME 04102
Preparer
Melissa Magoon CPA
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipment

“Section 1.263(a)-3(n) Election: Franklin Pierce University 40 University Drive Rindge, NH 03461 EIN 02-0263136 Franklin Pierce University is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

Financial Statement Notes

Part V, Line 4:

“The University's endowment primarily consists of funds established for scholarships. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by U.S. Generally Accepted Accounting Principles (GAAP), net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.”

Part XI, Line 2D - Other Adjustments:

“Fundraising Expenses 18,866. Loss on Sale of Fixed Assets 4,850.”

Part XI, Line 4B - Other Adjustments:

“Financial Aid 75,120,323. Federal Perkins Loan Cancellation Costs 11,759.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 18,866. Loss on Sale of Fixed Assets 4,850.”

Part XII, Line 4B - Other Adjustments:

“Financial Aid 75,120,323. Federal Perkins Loan Cancellation Costs 11,759.”

Raw XML AppendixShowing 400 of 978 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Franklin 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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IRS990/MissionDesc0Franklin 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.
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