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Father Flanagan's Fund for Needy Children

Boys Town, NE · EIN 36-3680258 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Father Flanagan's Fund for Needy Children reported $97.9 million in revenue and $57.0 million in expenses for calendar year 2024. Of every $100 it spent, $94.41 went to program services, $5.59 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.0% of the total. The highest compensation it reported for one person was $769,189 (CEO). Revenue rose 154% between 2020 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $57M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $98M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
94.4%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
5.6%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%2.4%
Program service revenue share
Part VIII 2g ÷ 12
0.0%70.8%
Highest reported compensation
Part VII-A, columns D–F
$769,189$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.35%1.18%
People paid over $100,000
Part VII, line 2
06
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
227.76.9
Independent voting board members
Part VI 1a–1b
6 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$54M expenses · 100.0% of program spending · grants $54M

Distributed funds to Father Flanagan's Boys' Home (Boys Town), an affiliated 501(c)(3) organization to support its exempt purposes. Father Flanagan's Fund For Needy Children manages and invests the long term investments for Boys Town

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Director/trustee, officer, 5.0 hrs/week
$0$726,025$43,164$769,189
Chief Financial Officer, Treasurer
Officer, 5.0 hrs/week
$0$432,148$48,166$480,314
General Counsel
Officer, 5.0 hrs/week
$0$400,119$50,492$450,611
Corporate Secretary
Officer, 5.0 hrs/week
$0$321,419$31,667$353,086
Director Treasury Operations
Officer, 5.0 hrs/week
$0$169,945$6,729$176,674
Assistant Corporate Secretary
Officer, 5.0 hrs/week
$0$148,337$22,337$170,674

0 people received more than $100,000 in reportable compensation from Father Flanagan's Fund for Needy Children (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$98M$57M94.4%$1.08B$769,189
2023 ⓘ$30M$56M94.9%$1.04B$680,302
2022 ⓘ$74M$51M96.3%$984M$589,710
2021 ⓘ$61M$48M96.6%$1.11B$467,845
2020 ⓘ$39M$48M97.5%$979M$751,657

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50
  • Volunteers Part I, line 67

Correct a figure or respond

Every number above is copied from Father Flanagan's Fund for Needy Children's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Father Flanagan's Fund for Needy Children, you can publish a response that is linked from this page.

Questions people ask

How much of Father Flanagan's Fund for Needy Children's spending goes to programs?

In calendar year 2024, Father Flanagan's Fund for Needy Children reported that 94.4% of its $57.0 million in expenses went to program services, 5.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Father Flanagan's Fund for Needy Children pay its top executive?

The largest total compensation Father Flanagan's Fund for Needy Children reported for one person in calendar year 2024 was $769,189, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Father Flanagan's Fund for Needy Children get its money?

Of $97.9 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Father Flanagan's Fund for Needy Children a registered charity?

The IRS lists EIN 36-3680258 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202543219349316904 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403199349309245 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343189349316464 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223199349305262 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103159349305230 · read the filing

All filings for EIN 36-3680258: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.