Father Flanagans Fund For Needy Children is a 501(c)(3) organization based in Boys Town, Nebraska, registered in 1990, with $97,907,690 in FY2024 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
Revenue (FY2024)
$97.9M
▲ 226.2% vs prior year
Human Services median: $293K
Expenses (FY2024)
$57.0M
Net assets
$1.1B
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Father Flanagans Fund For Needy Children: 94% to programs earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Father Flanagans Fund For Needy Children: 228 mo reserves · +42% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Father Flanagans Fund For Needy Children: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Father Flanagans Fund For Needy Children: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Father flanagan's fund for needy children has the power to receive, hold and invest property of any nature for the exclusive benefit of father flanagan's boys' home (boys town), an exempt 501(c)(3) organization.
Revenue grew from $38.6M (FY2020) to $97.9M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
41.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$445K
Net assets
$1.1B
Salaries & benefits
$0
0% of expenses
Board members
7
6 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $97,907,690▲226% | $57,035,287▲1.4% | $1,082,245,965▲4.2% | $1,082,691,222▲4.1% | 990 |
| 2023 | $30,013,914▼59.5% | $56,233,535▲10.6% | $1,038,820,226▲5.6% | $1,039,900,942▲5.6% | 990 |
| 2022 | $74,124,333▲21.9% | $50,829,533▲6.0% | $984,127,698▼11.6% | $985,185,488▼11.6% | 990 |
| 2021 | $60,806,118▲57.5% | $47,931,178▲0.4% | $1,113,212,933▲13.7% | $1,113,854,804▲13.3% | 990 |
| 2020 | $38,610,271 | $47,740,085 | $978,843,659 | $983,524,329 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dana E Washington | General Counsel | 5 | — |
| Dorr Begnal | Director - Through March 2024 | 1 | — |
| Erik Lundberg | Director | 1 | — |
| Georganne F Perkins | Director | 1 | — |
| Helen A Fox-o'brien | Chairman | 1 | — |
| James L Beckman Jd | Assistant Corporate Secretary | 5 | — |
| Judy F Rasmussen CPA | Chief Financial Officer, Treasurer | 5 | — |
| Michael P Sullivan | Director | 1 | — |
| Monty J Horine | Corporate Secretary | 5 | — |
| Randall A Ptacek | Director Treasury Operations | 5 | — |
| Rodney J Kempkes | Ceo | 5 | — |
| Thomas B Barker | Director | 1 | — |
| Thomas B Woodbury | Director | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Prodigy Asset Management LLC | Investment Manager | $1,514,219 |
| Eagle Capital Management LLC | Investment Manager | $429,916 |
| Silchester | Investment Manager | $347,960 |
| Edgewood Management LLC | Investment Manager | $324,494 |
| Bny Mellon | Investment Manager | $226,821 |
1 grant totaling $53.8M in FY2024. All grants made by Father Flanagans Fund For Needy Children →
| Recipient | Purpose | Amount |
|---|---|---|
| Father Flanagans Boys Home | Program support | $53,849,000 |
Explore more
Data for Father Flanagans Fund For Needy Children (EIN 36-3680258) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.