BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY

EIN 04-2103576 · Higher Education (B40)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

67.28%of revenue went to mission work74.6% of expenses · Program services

2.55%of revenue went to fundraising2.8% of expenses

$90.15spent for every $100 of revenueRevenue covered expenses this year.

20.32%of revenue went to management and office costs22.5% of expenses

$2.09in assets for every $1 spent this yearSome assets cannot be spent right away.

52.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $350,796 for AISHA FRANCIS PHD (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,514,755

Mission workProgram services$17,840,38767.28% of revenue74.6% of expenses

ManagementOffice and general costs$5,386,98620.32% of revenue22.5% of expenses

FundraisingAsking for donations$675,1672.55% of revenue2.8% of expenses

Revenue left after expensesReported annual surplus$2,612,2159.85% of revenueShown in gray on the chart

Total expenses$23,902,54090.15% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 74.6% mission · 22.5% management · 2.8% fundraisingTotal expenses: 90.15% of revenue

2023Expense mix: 82.4% mission · 14.5% management · 3.1% fundraisingTotal expenses: 89.70% of revenue

2022Expense mix: 72.6% mission · 22.5% management · 4.9% fundraisingTotal expenses: 87.06% of revenue

2021Expense mix: 75.2% mission · 21.2% management · 3.6% fundraisingTotal expenses: 99.84% of revenue

2020Expense mix: 73.1% mission · 21.9% management · 5.0% fundraisingTotal expenses: 98.05% of revenue

2019Expense mix: 66.6% mission · 30.9% management · 2.5% fundraisingTotal expenses: 129.84% of revenue

2018Expense mix: 74.6% mission · 23.8% management · 1.6% fundraisingTotal expenses: 123.72% of revenue

2017Expense mix: 73.6% mission · 25.2% management · 1.2% fundraisingTotal expenses: 100.00% of revenue

Money in and money out

Revenue$26,514,755

Expenses$23,902,540

Annual surplus $2,612,215 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,840,387 · 74.6% of expenses

Management and office costs$5,386,986 · 22.5% of expenses

Fundraising$675,167 · 2.8% of expenses

See all reported dollar amounts

Revenue$26,514,755

Expenses$23,902,540

Assets$49,978,288

Income$27,084,080

Contributions$13,816,246

Mission work (program services)$17,840,387

Fundraising$675,167

Management and general$5,386,986

Stocks and bonds$2,070,904

Accounting fees$79,290

Investing fees$7,756

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

AISHA FRANCIS PHDPRESIDENT & CEO · 35 hrs/week $350,796Base $314,502 · Other $36,294

MICHAEL GOLDSTEINCHIEF INNOVATION OFFICER · 35 hrs/week $177,790Base $156,684 · Other $21,106

MARVIN LOISEAUDEAN OF ACADEMICS/STDNT AFFAIR · 35 hrs/week $172,341Base $156,860 · Other $15,481

KEVIN HEPNERCHIEF FINANCIAL OFFICER · 35 hrs/week $163,902Base $152,467 · Other $11,435

JACKIE CORNOGCHIEF OF STAFF · 35 hrs/week $140,377Base $114,803 · Other $25,574

ALAN BLAIRCONTROLLER · 35 hrs/week $124,773Base $111,471 · Other $13,302

JAMES DELLOTPROF OF AUTO TECH, & PRG CHR · 35 hrs/week $124,259Base $118,002 · Other $6,257

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

AISHA FRANCIS PHDPRESIDENT & CEO

MICHAEL GOLDSTEINCHIEF INNOVATION OFFICER

MARVIN LOISEAUDEAN OF ACADEMICS/STDNT AFFAIR

KEVIN HEPNERCHIEF FINANCIAL OFFICER

JACKIE CORNOGCHIEF OF STAFF

ALAN BLAIRCONTROLLER

JAMES DELLOTPROF OF AUTO TECH, & PRG CHR

ANDREW TARSYTRUSTEE

TURAHN DORSEYCHAIR BOARD OF TRUSTEES

TRINH NGUYENCITY OF BOSTON REP.

TIFFANY DOTSON PHDTRUSTEE

STETSON MARSHALLTRUSTEE

RODGER BROWNTRUSTEE

RAHUL YARALATRUSTEE

RAHKEEM MORRISVICE CHAIR

RACHEL KAPRIELIANTRUSTEE

PETER BAUERTRUSTEE

PAUL MACRINATRUSTEE

CHRIS JONES PHDTRUSTEE

MAUREEN POMPEOCLERK

MARY CHURCHILL PHDTRUSTEE

ANNA YUTRUSTEE

MARISA MELDONIAN MPHVICE CHAIR

CAROLINE FAYTRUSTEE

JOHN F DONOHUETRUSTEE

CHENITA DAUGHTRYTRUSTEE

FERNANDO RODRIGUEZ-VILLATRUSTEE

CLAIRE WADLINGTONTREASURER

About this charity

Recognized since: January 2012
Location: 1011 HARRISON AVE, BOSTON, MA 02119-2541
County: Suffolk
In care of: % KEVIN HEPNER
Primary officer: KEVIN L HEPNER, CFO

How to reach them

WebsiteVisit the charity’s website Emailadmissions@franklincummings.edu Phone(617) 423-4630

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WITHUMSMITHBROWNPC
NTEE classification: Higher Education (B40)
IRS tax category: Higher Education