Overview
What is Franklin News Foundation?
The Franklin News Foundation is a nonprofit organization dedicated to enhancing social welfare and promoting civil betterment. They focus on journalism and public education, specifically uncovering corruption, incompetence, fraud, or instances of taxpayer abuse among elected officials at various levels of government. Their mission is to support investigative reporters and non-profit organizations at the state and local level by providing them with the necessary training, expertise, and technical assistance to carry out their journalistic pursuits.
Official website here: www.franklinnews.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
The Franklin News Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health, with a score of 71%. The organization demonstrates strong governance practices, as evidenced by an 80% independent board and having policies in place for conflicts of interest and whistleblowing. The absence of any material diversion of assets is also a positive aspect, reflecting good stewardship of its resources.
However, the foundation faces significant challenges, particularly regarding its financial statements, which were not provided, resulting in a score of 0 in that category. Additionally, while it has a solid program expense ratio of nearly 80%, its working capital ratio is concerning at only 0.20 years, suggesting potential cash flow issues. These limitations may warrant further scrutiny by potential donors looking for transparency and financial stability.
Overall, while Franklin News Foundation exhibits strengths in governance and efficient use of funds for its mission, the lack of financial documentation and low working capital ratio may raise questions about its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin News Foundation legitimate?
Franklin News Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin News Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.franklinnews.org
What is the mission statement of Franklin News Foundation?
The Franklin News Foundation's mission is centered around promoting social welfare and civil betterment. They accomplish this by conducting programs that focus on journalism and educating the public about corruption, incompetence, fraud, or misuse of taxpayer funds by elected officials at various levels of government. The organization provides support and training to investigative reporters and non-profit organizations at the state and local levels, enabling them to pursue journalistic endeavors effectively.
Official website here: www.franklinnews.org
Who is the CEO of Franklin News Foundation?
Christopher Krug is the President of Franklin News Foundation.
Official website here: www.franklinnews.org
What is the revenue of Franklin News Foundation?
Franklin News Foundation's revenue in 2022 was $4,832,019.
Official website here: www.franklinnews.org
Who are the executives of Franklin News Foundation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $438,888
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $170,235
- Related: $0
- Other: $0
Official website here: www.franklinnews.org
Where can I find the form 990 for Franklin News Foundation?
Franklin News Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinnews.org
Learn more at the official website: www.franklinnews.org
Mission Statement of Franklin News Foundation
The Franklin News Foundation, a non-profit organization, is committed to improving social welfare and fostering civil betterment. To achieve this, they undertake programs that focus on journalism and educating the public about corruption, incompetence, fraud, or taxpayer abuse within the ranks of elected officials at various levels of government. By promoting investigative reporting and providing support to non-profit organizations at the state and local level, the Franklin News Foundation aims to empower the public with crucial information, fostering transparency and accountability in governmental affairs.
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Impact
October, 2024
Franklin News Foundation significantly impacts the landscape of journalism and public accountability. By focusing on the promotion of social welfare and civil betterment, it trains investigative reporters and nonprofit organizations at state and local levels, equipping them with the expertise and technical support essential for effective journalism.
The foundation actively works to educate the public about issues such as corruption, incompetence, fraud, and taxpayer abuse among election officials, enhancing civic awareness and engagement. Through its programs, it fosters a culture of transparency and accountability in government, empowering citizens to hold their officials responsible.
In doing so, Franklin News Foundation not only uplifts journalistic standards but also contributes to the broader pursuit of a well-informed electorate, which is crucial for the health of democratic processes. Its influence extends beyond mere reporting; it cultivates informed citizenry and advocates for societal integrity, ultimately driving meaningful change within communities across the nation.
This information is meant to be a general summary of Franklin News Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $4,832,019
Assets and Liabilities:
- Total Assets: $971,409
- Total Liabilities: $435,761
- Net Assets: $535,648
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Organization Details
Founding Year
2009
Phone
(312) 346-5700Principal Officer
Christopher Krug
Main Address
20 N CLARK STREET 2100, CHICAGO, IL, 60602
Website
www.franklinnews.orgNTEE Category
Code: B990 - Education
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