Overview
What is Father Flanagan's Fund For Needy Children?
Father Flanagan's Fund For Needy Children is a charitable organization based in Boys Town, Nebraska, with the primary mission of managing and investing long-term assets for the benefit of Father Flanagan's Boys Home, an associated 501c3 organization. They hold and invest various forms of property to support the exempt purposes of Father Flanagan's Boys Home. The Fund acts as a trustee, distributing assets directly to the organization or applying them to the fulfillment of Boys Town's objectives.
What are the reviews and ratings of this charity?
Father Flanagan's Fund For Needy Children is not currently rated by Charity Navigator. Ratings typically consider several beacon scores, including Accountability & Finance and Impact & Measurement, which are necessary for a comprehensive evaluation. The absence of a rating is neutral and does not reflect positively or negatively on the organization. Although historical ratings were more limited in scope, they reflect an early form of today's Accountability and Finance evaluations.
Charity Navigator indicates that Father Flanagan's Trust Fund has two years of consecutive IRS Form 990 filings. However, for a complete Accountability & Finance score, data from a minimum of three years is needed. Consequently, Father Flanagan's cannot yet be assessed under this methodology. The organization's status as an independently operated foundation with available revenue, expenses, and salary data showcases some financial transparency.
Despite the current lack of a holistic rating, the structure and data availability for Father Flanagan's Fund illustrate a foundation operated in support of other eligible organizations. The absence of ratings in Impact & Measurement, Culture & Community, and Leadership & Adaptability leaves these areas unassessed. Nonetheless, this neutrality offers no disadvantage or advantage pending further assessment capability. There are no user reviews available on GreatNonprofits to provide additional customer feedback.
This AI summary has been generated from information found on Charity Navigator.
Is Father Flanagan's Fund For Needy Children legitimate?
Father Flanagan's Fund For Needy Children is a legitimate nonprofit organization registered as a 501(c)(3) entity. Father Flanagan's Fund For Needy Children submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Father Flanagan's Fund For Needy Children?
Father Flanagan's Fund For Needy Children serves as a benefactor for Father Flanagan's Boys Home Boys Town, an exempt 501c3 organization. The fund holds and invests property to solely support the charitable purposes of Boys Town. It accomplishes this goal by transferring funds directly to the organization or applying its assets towards Boys Town's objectives. The fund's primary role is to manage and invest the long-term assets of Boys Town, ensuring financial security for the organization's mission to benefit children.
Who is the CEO of Father Flanagan's Fund For Needy Children?
Judy F Rasmussen is the Ceo of Father Flanagan's Fund For Needy Children. The CEO's salary of Father Flanagan's Fund For Needy Children is $0 and their total compensation is $589,710.
What is the revenue of Father Flanagan's Fund For Needy Children?
Father Flanagan's Fund For Needy Children's revenue in 2022 was $74,124,333.
Who are the executives of Father Flanagan's Fund For Needy Children and what are their salaries?
Here are 13 key members and their salaries (Father Flanagan's Fund For Needy Children's CEO's salary is $0 and their total compensation is $589,710):
- Compensation: $0
- Related: $547,522
- Other: $42,188
- Compensation: $0
- Related: $405,795
- Other: $25,397
- Compensation: $0
- Related: $371,504
- Other: $24,824
- Compensation: $0
- Related: $265,456
- Other: $18,502
- Compensation: $0
- Related: $171,978
- Other: $42,138
- Compensation: $0
- Related: $174,612
- Other: $30,412
- Compensation: $0
- Related: $134,708
- Other: $69,120
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Father Flanagan's Fund For Needy Children?
Father Flanagan's Fund For Needy Children's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Father Flanagan's Fund For Needy Children
Father Flanagan's Fund For Needy Children is a charitable entity that serves a vital role in supporting the exempt 501c3 organization, Father Flanagan's Boys Home Boys Town. The fund has the authority to acquire, hold, and invest various types of property for the sole benefit of Father Flanagan's Boys Home. It achieves this mission by either transferring assets directly to Boys Town or utilizing its resources to finance the purposes of the organization.
In essence, Father Flanagan's Fund For Needy Children functions as a financial arm for Father Flanagan's Boys Home. It manages and invests the long-term investments of the organization, ensuring its financial stability and enabling it to carry out its charitable objectives more effectively. By doing so, the fund contributes significantly to the wellbeing of the children and young people at Father Flanagan's Boys Home, which strives to make a positive difference in their lives.
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Impact
October, 2024
Father Flanagan's Fund For Needy Children significantly impacts the lives of vulnerable youth through its financial support and investment strategies. By managing and investing long-term assets, the fund ensures that resources are consistently available for Father Flanagan's Boys Home, which serves children in need. The funds distributed directly enhance the programs and services at Boys Town, facilitating a safe, nurturing environment where children can receive education, counseling, and life skills training. This ongoing financial backing helps create a sustainable model that addresses the diverse challenges faced by these children, ultimately fostering their development and well-being. Through its dedicated efforts, the fund plays a crucial role in transforming the lives of many young individuals by providing them with the necessary support and opportunities for a brighter future.
This information is meant to be a general summary of Father Flanagan's Fund For Needy Children. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $74,124,333
- Gross Receipts: $1,430,891,159
Assets and Liabilities:
- Total Assets: $985,185,488
- Total Liabilities: $1,057,790
- Net Assets: $984,127,698
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Organization Details
Founding Year
1990
Phone
(531) 355-3131Principal Officer
Judy F Rasmussen
Main Address
14100 Crawford Street - Mod 2, Boys Town, NE, 68010
NTEE Category
Code: P110 - Human services
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