FRANKLIN NEWS FOUNDATION

FRANKLIN NEWS FOUNDATION

Chicago, IL, US
501(c)3
EIN
26-4066298

FRANKLIN NEWS FOUNDATION

Chicago, IL, US
501(c)3
EIN
26-4066298

Overview

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Est.

2009

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Franklin News Foundation is a nonprofit organization dedicated to promoting social welfare and civil betterment through programs that enhance journalism and educate the public about corruption, incompetence, fraud, or taxpayer abuse by election officials at all levels of government. With an operating budget of $5.4 million and total revenue of $5.8 million for the 2024 filing year, the foundation seeks to ensure transparency and accountability in governance. The organization does not rely on a single funder for 50% or more of its revenue and can be accessed online at franklinnews.org.

Mission Statement

THE MISSION OF FRANKLIN NEWS FOUNDATION IS TO PROMOTE SOCIAL WELFARE AND CIVIL BETTERMENT BY UNDERTAKING PROGRAMS THAT PROMOTE JOURNALISM AND THE EDUCATION OF THE PUBLIC ABOUT CORRUPTION, INCOMPETENCE, FRAUD OR TAXPAYER ABUSE BY ELECTION OFFICIALS AT ALL LEVELS OF GOVERNMENT.
Revenues

$5.8M

Expenses

$5.4M

Net Income:
+$329.6K
Assets

$649.9K

Liabilities

$726.5K

Net Assets:
-$76.5K
Operating Budget

$5.4M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

22

Median grant size
$65K
Largest grant received
$1.2M
C
Christopher Krug
Board Member
J
Jerry Lyles
Board Member
J
John Tillman
Board Member

Frequently Asked Questions

What is FRANKLIN NEWS FOUNDATION’s budget?
In 2024, FRANKLIN NEWS FOUNDATION reported an annual operating budget of around $5.4 million. More detailed financial information is available to registered users.
What causes does FRANKLIN NEWS FOUNDATION support?
FRANKLIN NEWS FOUNDATION supports work in Education, Journalism, and Welfare.
Where does FRANKLIN NEWS FOUNDATION operate?
FRANKLIN NEWS FOUNDATION is headquartered in Chicago, IL.
Who funded FRANKLIN NEWS FOUNDATION recently?
In 2025, FRANKLIN NEWS FOUNDATION received grants from MADIGAN FAMILY FOUNDATION C/O MADDEN JIGANTI MOORE & SINARS, PROJECT 42, and Donors Trust Inc. More information on this organization’s funders is available to registered users.
What is the largest grant FRANKLIN NEWS FOUNDATION received in 2024?
The largest grant to FRANKLIN NEWS FOUNDATION in 2024 exceeds $1.2 million.
Overview
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