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Nonprofiteer
← NATALIE & GEORGE PACE SCHOLARSHIP FUND

Form 990 for tax year 2024

Filed by NATALIE & GEORGE PACE SCHOLARSHIP FUND.

Totals

Total revenue
$334,666
Total expenses
$367,242
Contributions and grants received
$0
Grants paid
$356,164
Program service revenue
$0
Investment income
$334,666
Other revenue
$0
Total assets, end of year
$3,726,172
Total liabilities, end of year
$1,247
Net assets or fund balances, end of year
$3,724,925
Program services expenses (Part IX)
$356,164
Management and general expenses
$11,078
Fundraising expenses
$0
Program service expenses (Part III)
$356,164

Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Judy F Rasmussen

    Trustee

    Total calculated
    $480,314
    From this org
    $0
    From related orgs
    $432,148
    Other
    $48,166
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $426,991 related
    Bonus
    not reported
    Other
    not reported + $5,157 related
    Deferred
    not reported + $44,275 related
    Nontaxable benefits
    not reported + $3,891 related
    Filer's total
    not reported + $480,314 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 3
Natalie and George Pace Scholarship Fund 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 reviewed the compensation using data from a study of similarly quialified persons in functionally comparable positions at similarly situated organizations. Documentation of the decisions made regarding the compensation have been maintained by the committee.
Part I Line 4b
Boys Town maintains a supplemental nonqualified retirement plan described in section 457f to attract and retain employee, typcially in management positions. In 2024, Judy Rasmussen participated in the 457f plan and received employer contributions of 26,766.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349305086

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