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 ELECTED OFFICIALS AT ALL LEVELS OF GOVERNMENT.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
- Base
- $309k
- Bonus
- $135k
- Other
- —
- Benefits
- —
- Base
- $159k
- Bonus
- $22k
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentile | $309k | $135k | — | — | $444k $491k |
Executive Editor Key Employee 25th percentile to median | $159k | $22k | — | — | $181k $200k |
Employee Highest Compensated Employee 25th percentile to median | — | — | — | — | $144k $159k |
Employee Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $129k $142k |
Employee Highest Compensated Employee Below 10th percentile | — | — | — | — | $108k $120k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at FRANKLIN NEWS FOUNDATION equaled 8% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about FRANKLIN NEWS FOUNDATION
What does the Chief Executive Officer of FRANKLIN NEWS FOUNDATION earn?
In 2023, the Chief Executive Officer of FRANKLIN NEWS FOUNDATION received $443,591 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FRANKLIN NEWS FOUNDATION compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Executive Officer at FRANKLIN NEWS FOUNDATION falls in the top 10%. In 2023, the highest total compensation at FRANKLIN NEWS FOUNDATION equaled 8% of the organization's total expenses. The median for education organizations is 7%.
What are FRANKLIN NEWS FOUNDATION's revenue and expenses?
In 2023, FRANKLIN NEWS FOUNDATION reported $4.8M in total revenue and $5.3M in total expenses on its IRS Form 990.
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