2023-11-15T10:23:21-06:00 2022-12-31 362663249 WEISS & COMPANY LLP 2700 PATRIOT BOULEVARD - SUITE 400 GLENVIEW IL 60026 990 2022-01-01 264066298 FRANKLIN NEWS FOUNDATION FRAN 3123465700 20 N CLARK STREET 2100 CHICAGO IL 60602 CHRISTOPHER KRUG PRESIDENT 3123465700 2023-11-15 1 CHRISTOPHER KRUG 999009999 0 JEREMY MORGAN P01241420 8474418800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER KRUG 20 N CLARK STREET 2100 CHICAGO IL 60602 4832019 0 X FRANKLINNEWS.ORG X 2009 IL 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. 5 4 0 0 97000 0 3301261 4715019 0 0 18 0 38510 117000 3339789 4832019 0 0 0 0 0 0 0 0 113557 3487208 4662599 3487208 4662599 -147419 169420 872831 971409 313751 435761 559080 535648 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. 0 0 4275329 THE CENTER SQUARE NEWSWIRE SERVICE 4275329 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 0 1 1 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WI X X WILLIAM ROHE 3123465700 300 S RIVERSIDE PLAZA SUITE 1650 CHICAGO IL 60606 CHRISTOPHER KRUG PRESIDENT 40.00 X X 438888 0 0 JOHN TILLMAN CHAIRMAN 1.00 X X 0 0 0 BRADLEY WALTON SECRETARY/TREASURER 1.00 X X 0 0 0 ERIC SUCHARSKI DIRECTOR 1.00 X 0 0 0 CHARLES MITCHELL DIRECTOR 1.00 X 0 0 0 DANIEL MCCALEB EXECUTIVE EDITOR 40.00 X 170235 0 0 609123 0 0 2 0 1 0 LOCALITY LABS LLC 100 S WACKER DRIVE SUITE 1275 CHICAGO IL 60606 122034 1 4715019 4715019 ADVERTISING 541800 97000 97000 PODCAST 516210 20000 20000 117000 4832019 20000 97000 0 X 14311 14311 22050 10000 12050 561550 289279 179869 92402 106598 106598 86468 40227 43376 2865 55416 52063 3353 2529 2529 36125 17350 18775 WAGES AND SALARIES-PAID 2514379 2493684 4764 15931 PRODUCTION CONTENT 796407 796407 EMPLOYEE BENEFITS-PAID 236834 229997 5677 1160 PAYROLL TAXES-PAID THRO 176397 174911 287 1199 53535 50502 3033 4662599 4275329 273713 113557 265396 198468 10 10 192774 424252 20326 15979 394325 332700 872831 971409 313751 435761 313751 435761 X 322830 535648 236250 0 559080 535648 872831 971409 X 169420 -192852 X X 0 0 0 X 1713981 2290502 2684901 3301261 4715019 14705664 1713981 2290502 2684901 3301261 4715019 14705664 5282175 9423489 -210 115 82 18 0 5 257 2653 39061 38510 117000 197481 112 5273 5385 14908535 0.63210 0.90100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN FRANKLIN MEDIA GROUP INC. 164804 LOAN TO FRANKLIN MEDIA GROUP INC. 2357 DEPOSIT 10125 DUE FROM BEARING TREE, INC. 155414 332700 X 4832019 0 4832019 0 4832019 4662599 0 4662599 0 4662599 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FEDERAL AND ILLINOIS EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER KRUG PRESIDENT 288888 0 150000 0 0 0 0 0 0 0 438888 0 0 0 DANIEL MCCALEB EXECUTIVE EDITOR 149235 0 21000 0 0 0 0 0 0 0 170235 0 0 0 0 0 1 PART I, LINE 32B: VANGUARD IS USED TO SELL PUBLICLY TRADED STOCK THAT IS DONATED. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION TO THE IRS, FORM 990 IS PROVIDED TO THE PRINCIPAL OFFICER AND GOVERNING BODY OF THE ORGANIZATION FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY ONCE A YEAR WITH THE BOARD OF DIRECTORS AND EMPLOYEES AND INQUIRES OF ANY MATERIAL CHANGES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF CEO IS DETERMINED BY AN EXAMINATION OF COMPARABLE DATA FOR OTHER CEO'S IN THE INDUSTRY COUNTRYWIDE AND IN THE CHICAGOLAND AREA. THE INFORMATION FROM THAT RESEARCH IS SHARED WITH THE BOARD OF DIRECTORS WHO THEN APPROVE COMPENSATION FOR THE CEO. NOTE THAT AN INDEPENDENT CONSULTANT IS NOT UTILIZED IN THE PROCESS. FOR OTHER OFFICERS AND KEY EMPLOYEES THE COMPENSATION PROCESS IS THE SAME WITH THE CEO HAVING FULL DISCRETION AS DELEGATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND AUDITED FINANCIAL STATEMENTS WILL BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS AND SERVICE PROVIDERS: PROGRAM SERVICE EXPENSES 161,993. MANAGEMENT AND GENERAL EXPENSES 7,466. FUNDRAISING EXPENSES 24,000. TOTAL EXPENSES 193,459. FEES AND SERVICES: PROGRAM SERVICE EXPENSES 127,286. MANAGEMENT AND GENERAL EXPENSES 172,403. FUNDRAISING EXPENSES 68,402. TOTAL EXPENSES 368,091. FORM 990, PART XI, LINE 9: INCOME FROM SUBSIDIARY-FRANKLIN MEDIA GROUP INC. -192,852. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS SINCE THE PRIOR YEAR. PART IX, LINE 7 SALARIES AND WAGES ARE PAID THROUGH BEARING TREE, INCORPORATED, FEIN 83-2543436 FRANKLIN MEDIA GROUP INC 200 W MADISON STREET SUITE 2100 CHICAGO IL 60606 822117598 ILLINOIS RADIO NETWORK IL FRANKLIN NEWS FOUNDATION C 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRANKLIN MEDIA GROUP INC D 2357 ACTUAL CASH