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FRANKLIN NEWS FOUNDATION

EIN 26-4066298 CHICAGO, IL

Revenue 2024
$5,756,520
Expenses 2024
$5,426,924

Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B990
Classification
1000
Street
20 N CLARK ST STE 3300

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • CHRISTOPHER KRUG

    CEO

    Total calculated
    $421,650
    From this org
    $421,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,650
    Bonus
    $72,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $421,650

  • JOHN TILLMAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BRADLEY WALTON

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ERIC SUCHARSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER STEFANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY LYLES

    VICE PRESIDENT OF SYNDICATION & DISTRIBUTION

    Total calculated
    $165,941
    From this org
    $165,941
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,941
    Bonus
    $2,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,941

  • LAUREL ABRAHAM

    CHIEF OPERATING OFFICER

    Total calculated
    $172,943
    From this org
    $172,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,943
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $172,943

  • DANIEL MCCALEB

    CHIEF CONTENT OFFICER

    Total calculated
    $216,988
    From this org
    $216,988
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,988
    Bonus
    $22,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $216,988

  • COLE LAUTERBACH

    EMPLOYEE

    Total calculated
    $116,658
    From this org
    $116,658
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $5,756,520
    Expenses
    $5,426,924
    Contributions
    $5,640,900
    Grants paid
    $0
  • 2023
    Revenue
    $4,816,686
    Expenses
    $5,314,892
    Contributions
    $4,705,392
    Grants paid
    $500
  • 2022
    Revenue
    $4,832,019
    Expenses
    $4,662,599
    Contributions
    $4,715,019
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

Nonprofiteer parses the Form 990 only. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

California fundraising campaigns

Campaigns run by paid fundraisers, commercial coventurers and thrift stores naming this organization, as California published them. Both figures are as filed, and what the first one counts depends on the campaign type — a coventurer or a thrift store files its own sales rather than money collected for the charity. The 990 reports this only as a yearly total, never per campaign.

  • BEARING TREE INC.

    $1,416,850 raised

    2024 Commercial Fundraiser

    $1,352,850 to charity

Amounts are as filed and do not add up: a commercial coventurer reports one promotion's whole gross once for each charity that shared in it. A campaign may also name more than one registered charity, in which case it appears on each.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.