Father Flanagans Fund For Needy Children

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.

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)Compensation
Father Steven E Boes
President
$0
Philip J Ruden
Executive VP And Cio End 4/13/21
$0
Rodney J Kempkes
Chief Executive Officer
$0
Dana E Washington
General Counsel
$0
Monty J Horine
Corporate Secretary
$0
Name Not Listed
Vice President End 4/13/21
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Edgewood Management Llc
Investment Manager
$527,716
Prodigy Asset Management Llc
Investment Manager
$749,180
Silchester
Investment Manager
$443,571
Eagle Capital Management Llc
Investment Manager
$415,354
Bnym Bank
Trustee
$263,309
View All Vendors

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

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 OrganizationAmount
American Legion Child Welfare Foundation Inc

Indianapolis, IN

PURPOSE: PROGRAM SUPPORT

$34,448
View Grant Recipient Profile

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