STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

FATHER FLANAGANS FUND FOR NEEDY CHILDREN: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FATHER FLANAGANS FUND FOR NEEDY CHILDREN (EIN 36-3680258)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202223199349305262
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T09:10:32-00:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11212 No 96 Street Ste 300AddressLine1Txt
CityOmahaCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68114ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363680258EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Father Flanagan's Fund For Needy ChildrenBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFATHBusinessNameControlTxt
Phone5313553131PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114100 Crawford Street - Mod 2AddressLine1Txt
CityBoys TownCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68010ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJudy F RasmussenPersonNm
Person TitleChief Financial OfficerPersonTitleTxt
Phone5313553131PhoneNum
Signature2022-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJudyPersonFirstNm
Person LastRasmussenPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPhil BartlettPreparerPersonNm
PTINP01299075PTIN
Phone4023481450PhoneNum
Preparation2022-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJudy F RasmussenPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line114100 Crawford StreetAddressLine1Txt
CityBoys TownCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68010ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$915,566,371GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1990FormationYr
Legal Domicile StateNELegalDomicileStateCd
Activity Or MissionFather 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.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$3,440,930TotalGrossUBIAmt
PY Contributions Grants$30,000PYContributionsGrantsAmt
CY Contributions Grants$500CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$38,422,192PYInvestmentIncomeAmt
CY Investment Income$60,664,683CYInvestmentIncomeAmt
PY Other Revenue$158,079PYOtherRevenueAmt
CY Other Revenue$140,935CYOtherRevenueAmt
PY Total Revenue$38,610,271PYTotalRevenueAmt
CY Total Revenue$60,806,118CYTotalRevenueAmt
PY Grants And Similar Paid$46,560,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$46,305,681CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,160,615PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$876,317CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$19,470PYOtherExpensesAmt
CY Other Expenses$749,180CYOtherExpensesAmt
PY Total Expenses$47,740,085PYTotalExpensesAmt
CY Total Expenses$47,931,178CYTotalExpensesAmt
PY Revenues Less Expenses-$9,129,814PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$12,874,940CYRevenuesLessExpensesAmt
Total Assets BOY$983,524,329TotalAssetsBOYAmt
Total Assets EOY$1,113,854,804TotalAssetsEOYAmt
Total Liabilities BOY$4,680,670TotalLiabilitiesBOYAmt
Total Liabilities EOY$641,871TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$978,843,659NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,113,212,933NetAssetsOrFundBalancesEOYAmt
MissionFather Flanagans Fund For Needy Children has the power to receive, hold and invest property for the exclusive benefit of Father Flanagans Boys Home Boys Town, an exempt 501c3 organization. It may carry out this purpose by distributing assets directly to Boys Town or by applying its assets directly to the purposes of Boys Town.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$46,305,681ExpenseAmt
Grant$46,305,681GrantAmt
DescDistributed 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.Desc
Total Program Service Expenses$46,305,681TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryEIForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJudy F RasmussenPersonNm
Phone5313553131PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114100 Crawford StreetAddressLine1Txt
CityBoys TownCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68010ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Rodney J Kempkes
Chief Executive Officer005.00035.00Yes (X)$0$419,625$48,220
Philip J Ruden
Executive VP and CIO end 4/13/21035.00005.00Yes (X)$0$463,111-$2,974Yes (X)
Judy F Rasmussen CPA
Chief Financial Officer, Treasurer005.00035.00Yes (X)$0$379,278$21,049
Dana E Washington
General Counsel005.00035.00Yes (X)$0$332,590$21,016
Father Steven E Boes
President005.00035.00Yes (X)$0$127,982$198,456Yes (X)
Monty J Horine
Corporate Secretary005.00035.00Yes (X)$0$235,793$17,785
Michael J Eglseder
Vice President end 4/13/21035.00005.00Yes (X)$0$202,215-$6,921
Randall A Ptacek
Director Treasury Operations005.00035.00Yes (X)$0$152,821$38,985
James Beckmann
Assistant Corporate Secretary005.00035.00Yes (X)$0$159,967$28,192
Rebecca E Duseau
Director001.00$0$0$0Yes (X)
Robert R Matejek
Chairman001.00$0$0$0Yes (X)
Michael P Sullivan
Director001.00$0$0$0Yes (X)
Helen Fox-O'Brien
Director001.00$0$0$0Yes (X)
Dorr Begnal
Director001.00$0$0$0Yes (X)
Erik Lundberg
Director001.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$2,473,382TotReportableCompRltdOrgAmt
Total Other Compensation$363,808TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Prodigy Asset Management LLC
13710 FNB Pkwy Ste 205OmahaNE68154Investment Manager$749,180
Edgewood Management LLC
535 Madison Avenue 15th FlNew YorkNY10022Investment Manager$527,716
Silchester
780 Third Ave 42nd FloorNew YorkNY10017Investment Manager$443,571
Eagle Capital Management LLC
499 Park Avenue 17th FloorNew YorkNY10022Investment Manager$415,354
BNYM Bank
135 Santilli HighwayEverettMA021490313Trustee$263,309
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
All Other Contributions$500AllOtherContributionsAmt
Total Contributions$500TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column-$6,227,748TotalRevenueColumnAmt
Unrelated Business Revenue$3,440,930UnrelatedBusinessRevenueAmt
Exclusion-$9,668,678ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$921,652,684SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$854,760,253SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$66,892,431SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$66,892,431TotalRevenueColumnAmt
Exclusion$66,892,431ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
State income tax refund$4,674$4,674
Federal income tax refund$56,846$56,846
Refund of rent overpayment$79,415$79,415
FieldValueIRS element (for citing)
Other Revenue Total$140,935OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$60,806,118TotalRevenueColumnAmt
Unrelated Business Revenue$3,440,930UnrelatedBusinessRevenueAmt
Exclusion$57,364,688ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$46,305,681TotalAmt
Program Services$46,305,681ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$665,326TotalAmt
Management And General$665,326ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$79,952TotalAmt
Management And General$79,952ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$35,085TotalAmt
Management And General$35,085ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$53,913TotalAmt
Management And General$53,913ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$42,041TotalAmt
Management And General$42,041ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Fees For Services Prof FundraisingFeesForServicesProfFundraising

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$749,180TotalAmt
Management And General$749,180ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$47,931,178TotalAmt
Program Services$46,305,681ProgramServicesAmt
Management And General$1,625,497ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$254,827,036BOYAmt
EOY$258,653,719EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$728,603,129BOYAmt
EOY$854,970,326EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$94,164BOYAmt
EOY$230,759EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$983,524,329BOYAmt
EOY$1,113,854,804EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$243,746BOYAmt
EOY$641,871EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,436,924BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,680,670BOYAmt
EOY$641,871EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$978,843,659BOYAmt
EOY$1,113,212,933EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$978,843,659BOYAmt
EOY$1,113,212,933EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$983,524,329BOYAmt
EOY$1,113,854,804EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$12,874,940ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$121,494,334NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Father Flanagan's Boys' HomeBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN470376606EIN
Organization Type2OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$46,305,681SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$46,305,681SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Financial derivatives and other financial products
Closely-held equity interests
Limited partnerships/joint ventures$854,970,326F
FieldValueIRS element (for citing)
Total Book Value Securities$854,970,326TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc
Federal income taxes
Due to affiliates

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceX 1FormAndLineReferenceDesc
ExplanationBoys Town and its affiliates have been recognized as a tax-exempt organization by the Internal Revenue Service IRS as described in Section 501c3 of the Code, and therefore, is exempt from income taxes on related income under Section 501a of the Code. Boys Town accounts for uncertainties in accounting for income tax assets and liabilities by recognizing the effect of income tax positions only if those positions are more likely than not of being sustained. At December 31, 2021, Boys Town had no uncertain tax positions accrued.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Central America and the CaribbeanInvestments$129,016,865
East Asia and the PacificInvestments$4,385,032
Europe Including Iceland and GreenlandInvestments$54,277,268
Middle East and North AfricaInvestments$748,042
North AmericaInvestments$15,807,203
South AmericaInvestments$1,661,281
South AsiaInvestments$779,320
Sub-Saharan AfricaInvestments$1,032,966
FieldValueIRS element (for citing)
Subtotal Spent$207,707,977SubtotalSpentAmt
Total Spent$207,707,977TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Father Flanagan's Boys' HomeBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line114100 Crawford StreetAddressLine1Txt
CityBoys TownCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68010ZIPCd
FieldValueIRS element (for citing)
Recipient EIN470376606RecipientEIN
IRC Section501c3IRCSectionDesc
Cash Grant$46,305,681CashGrantAmt
Purpose Of GrantProgram SupportPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I Line 2FormAndLineReferenceDesc
ExplanationOrganization exists for the sole support of its only member, Father Flanagans Boys Home, a 501c3 tax exempt organization.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
Father Steven E Boes
President$123,434$4,548$186,761$11,695$326,438
Judy F Rasmussen CPA
Chief Financial Officer, Treasurer$375,830$3,448$13,987$7,062$400,327
Philip J Ruden
Executive VP and CIO end 4/13/21$460,422$2,689-$29,011$26,037$460,137
Michael J Eglseder
Vice President end 4/13/21$199,624$2,591-$32,958$26,037$195,294
Dana E Washington
General Counsel$330,654$1,936$17,400$3,616$353,606
Rodney J Kempkes
Chief Executive Officer$416,177$3,448$18,198$30,022$467,845
Monty J Horine
Corporate Secretary$232,703$3,090$14,436$3,349$253,578
James Beckmann
Assistant Corporate Secretary$159,231$736$9,810$18,382$188,159
Randall A Ptacek
Director Treasury Operations$151,641$1,180$9,594$29,391$191,806

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I Line 3Father Flanagans Fund for Needy Children relied on its parent organization, Father Flanagans Boys Home Boys Town, to establish the compensation of its top management official. The Boys Town Board of Trustees Compensation Committee determined the compensation using data from a study of similarly qualified persons in functionally comparable positions at similarly situated organizations. Documentation of the decisions made regarding the compensation have been maintained with the determination incorporated in an employment contract with the executive director. The CEO does not have a contract.
Part I Line 4bSupplemental nonqualified retirement plan Officer Phillip J. Ruden participated in a supplemental nonqualified retirement plan in the amount of 26,037. This participation is not included in taxable compensation.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 2Philip J. Ruden and Michael J. Eglseder had a business relationship through June 30, 2021.
Form 990, Part VI, Section A, Line 6Father Flanagans Boys Home Boys Town is the sole member.
Form 990, Part VI, Section A, Line 7aThe Board of Directors is appointed by the sole member, Boys Town.
Form 990, Part VI, Section A, Line 7bThe Articles of Incorporation may be amended by the sole member or a majority vote of current Directors with the approval of the sole member.
Form 990, Part VI, Section B, Line 11bThe Treasurer reviewed the completed Form 990 and provided an electronic copy to the Finance and Audit Committee of the Board of Trustees of Boys Town for their review. The members of the Finance and Audit Committee were requested to submit their comments and questions. Upon satisfactory resolution of questions, an electronic copy of the final Form 990 was provided to all trustees before it was filed.
Form 990, Part VI, Section B, Line 12cFather Flanagans Fund For Needy Children FFFNC regularly and consistently monitors and enforces compliance with its conflict of interest policy mainly through official annual affirmation, self reporting and observation. Directors are covered by a board of directors policy, and a separate policy covers officers and employees. Directors must complete a conflict of interest disclosure form and report any perceived or actual conflict. Any perceived or actual conflict of interest is reviewed by the Executive Committee, with the assistance of General Counsel. If a conflict does exist, the Committee shall determine an appropriate remedy which may include, without limitation, the Director to recuse him/herself from participating in certain deliberations and votes, removing the Director from a committee or Board. Officers and employees of Boys Town complete a Conflict of Interest Disclosure annually, identifying all actual, apparent, and potential Conflicts of Interest. Staff are also required to report any situation involving a conflict of interest that may arise during the year to their supervisor and submitting a Conflict of Interest Disclosure for review by the compliance department, If a conflict of interest does exist, the compliance department would work with the employee and supervisor to remedy the conflict of interest. Any perceived conflict of interest can also be reported for review through a confidential organizational ethics line at https//secure.ethicspoint.com/domain/media/en/gui/18137/index.html.
Form 990, Part VI, Section B, Line 15a and 15bThe compensation of the CEO/Executive Director is determined by the parent company Father Flanagans Boys Home Board of Trustees Compensation Committee using comparable data for similarly qualified persons in functionally comparable positions at similarly situated organizations. Documentation of the decisions made regarding the compensation have been maintained with the determination incorporated in an employment contract. The compensation of all other officers are also determined as described above, however, officers do not have employment contracts.
Form 990, Part VI, Section C, Line 19Father Flanagans Fund For Needy Children makes its governing documents and conflict of interest policy available to the public upon request. Financial Statements are available to the public upon request and on its website at www.boystown.org.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (13 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
Father Flanagan's Boys' Home
14100 Crawford StreetBoys TownNE68010470376606Child educationNE501c32Not applicablefalse
Boys Town California Inc
14100 Crawford StreetBoys TownNE68010760720675Youth AssistanceCA501c37Father Flanagan's Boys' Homefalse
Boys Town Central Florida Inc
975 Oklahoma StreetOviedoFL32765200654235Youth AssistanceFL501c37Father Flanagan's Boys' Homefalse
Boys Town Louisiana Inc
300 North Broad Street Ste 106New OrleansLA70119412220807Youth AssistanceLA501c37Father Flanagan's Boys' Homefalse
Boys Town Nevada Inc
821 N Mojave RoadLas VegasNV89101200654472Youth AssistanceNV501c37Father Flanagan's Boys' Homefalse
Boys Town New England Inc
Bazarsky Campus 58 Flanagan RdPortsmouthRI02871200655240Youth AssistanceRI501c37Father Flanagan's Boys' Homefalse
Boys Town New York Inc
14100 Crawford StreetBoys TownNE68010205960877Youth AssistanceNY501c37Father Flanagan's Boys' Homefalse
Boys Town North Florida Inc
3555 Commonwealth BlvdTallahasseeFL32303200655144Youth AssistanceFL501c37Father Flanagan's Boys' Homefalse
Boys Town Washington DC Inc
4801 Sargent Rd NEWashingtonDC20017412220810Youth AssistanceDC501c37Father Flanagan's Boys' Homefalse
Boys Town South Florida Inc
1655 Palm Beach Lakes BlvdWest Palm BeachFL33401263965524Youth AssistanceFL501c37Father Flanagan's Boys' Homefalse
Lied Learning and Technology Center For Childhood Deafness
14100 Crawford StreetBoys TownNE68010470841263Support of FFBHNE501c312 Type IFather Flanagan's Boys' Homefalse
Nebraska Families Collaborative
2110 Papillion ParkwayOmahaNE68164264436716Service CoordinationNE501c37Father Flanagan's Boys' Homefalse
Natalie and George Pace Scholarship Fund
14100 Crawford StreetBoys TownNE68010366833904Education ScholarshipsIL501c312 Type IFather Flanagan's Boys' Homefalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd