Father Flanagans Fund For Needy Children
- Assets
- $1.1b
- Revenue
- $60.8m
- Investments
- $855.0m
- Employees
- 0
- Location
- Boys Town, NE
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 36-3680258
Organization Overview
Father Flanagans Fund For Needy Children is located in Boys Town, NE. The organization was established in 1990. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Father Flanagans Fund For Needy Children is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Father Flanagans Fund For Needy Children generated $60.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $47.9m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FATHER FLANAGANS FUND FOR NEEDY CHILDREN HAS THE POWER TO RECEIVE, HOLD AND INVEST PROPERTY OF ANY NATURE FOR THE EXCLUSIVE BENEFIT OF FATHER FLANAGANS BOYS HOME BOYS TOWN, AN EXEMPT 501C3 ORGANIZATION.
Describe the Organization's Program Activity:
DISTRIBUTED FUNDS TO FATHER FLANAGANS BOYS HOME BOYS TOWN, AN AFFILIATED 501C3 ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSES. FATHER FLANAGANS FUND FOR NEEDY CHILDREN MANAGES AND INVESTS THE LONG TERM INVESTMENTS FOR BOYS TOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Father Steven E Boes President | OfficerTrustee | 5 | $0 |
Philip J Ruden Executive VP And Cio End 4/13/21 | OfficerTrustee | 35 | $0 |
Judy F Rasmussen CPA Chief Financial Officer, Treasurer | Officer | 5 | $0 |
Rodney J Kempkes Chief Executive Officer | Officer | 5 | $0 |
Monty J Horine Corporate Secretary | Officer | 5 | $0 |
Name Not Listed Vice President End 4/13/21 | Officer | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management Llc Investment Manager | 12/30/21 | $527,716 |
Silchester Investment Manager | 12/30/21 | $443,571 |
Eagle Capital Management Llc Investment Manager | 12/30/21 | $415,354 |
Prodigy Asset Management Llc Investment Manager | 12/30/21 | $749,180 |
Bnym Bank Trustee | 12/30/21 | $263,309 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $0 |
| Investment income | -$6,227,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,892,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,806,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,305,681 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $665,326 |
| Compensation of current officers, directors, key employees. | $665,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,952 |
| Pension plan accruals and contributions | $35,085 |
| Other employee benefits | $53,913 |
| Payroll taxes | $42,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $749,180 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,931,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $258,653,719 |
| Investments—other securities | $854,970,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,759 |
| Total assets | $1,113,854,804 |
| Accounts payable and accrued expenses | $641,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $641,871 |
| Net assets without donor restrictions | $1,113,212,933 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,113,854,804 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Father Flanagans Fund For Needy Children has recieved totaling $34,448.
| Awarding Organization | Amount |
|---|---|
American Legion Child Welfare Foundation Inc Indianapolis, IN PURPOSE: PROGRAM SUPPORT | $34,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Father Flanagans Fund For Needy Children Boys Town, NE | $1,113,854,804 | $60,806,118 |
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Lakemary Center Endowment Association Paola, KS | $0 | $1,896,791 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Tca Building Corporation Colorado Springs, CO | $64,831,208 | $10,203,018 |
Jewish Community Campus Of Greater Kansas City Inc Overland Park, KS | $32,789,655 | $9,864,983 |
Cedars Home For Children Foundation Inc Lincoln, NE | $40,209,739 | $4,351,634 |
Mtf Fund Overland Park, KS | $5,733,972 | $4,143,067 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |