Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $701,733

• 1d · Related organizations

  $53,362,000

• 1e · Government grants (contributions)

  $33,100,055

• 1f · All other contributions, gifts and grants

  $118,611,093

• 1g · Noncash contributions included above

  $5,481,919

• 2a · Program service revenue: Boys Town National Research Hospital

  total $192,125,293 · related or exempt $192,125,293

• 2b · Program service revenue: Nebraska/Iowa Services

  total $28,586,114 · related or exempt $28,586,114

• 2c · Program service revenue: Home Town Educational

  total $7,950,285 · related or exempt $7,950,285

• 2d · Program service revenue: National Hotline and Public Services

  total $8,287,777 · related or exempt $8,287,777

• 3 · Investment income

  total $9,689,836 · excluded $9,689,836

• 5 · Royalties

  total $260,871 · excluded $260,871

• 6a · Gross rents

  real property $103,754

• 6c · Rental income or loss

  real property $103,754

• 6d · Net rental income or loss

  total $103,754 · excluded $103,754

• 7a · Gross sales of assets other than inventory

  securities $706,961,915 · other assets $10,000

• 7b · Less cost or other basis and sales expenses

  securities $702,357,303 · other assets $29,510

• 7c · Gain or loss

  securities $4,604,612 · other assets -$19,510

• 7d · Net gain or loss

  total $4,585,102 · excluded $4,585,102

• 8a · Fundraising events: gross income

  $205,031

• 8a · Fundraising events: contributions included on line 1c

  $697,204

• 8b · Fundraising events: direct expenses

  $347,692

• 8c · Net income from fundraising events

  total -$142,661 · excluded -$142,661

• 9a · Gaming: gross income

  $4,530

• 9c · Net income from gaming

  total $4,530 · excluded $4,530

• 10a · Gross sales of inventory

  $216,296

• 10b · Cost of goods sold

  $112,819

• 10c · Net income from sales of inventory

  total $103,477 · unrelated business $103,477

• 11a · Other revenue: Mail List Rental

  total $581,845 · excluded $581,845

• 11b · Other revenue: Village Services

  total $405,507 · related or exempt $405,507

• 11c · Other revenue: FSA Forfeitures

  total $398,426 · related or exempt $398,426

• 11d · All other revenue

  total $1,419,049 · related or exempt $1,419,049

• 11e · Other revenue, total

  $2,804,827

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $23,210,306 · program services $23,210,306

• 2 · Grants to domestic individuals

  total $5,174,392 · program services $5,174,392

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $3,193,519 · program services $818,996 · management and general $2,374,523

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $208,583,631 · program services $193,854,081 · management and general $10,118,980 · fundraising $4,610,570

• 8 · Pension plan contributions

  total $10,035,028 · program services $9,037,714 · management and general $754,367 · fundraising $242,947

• 9 · Other employee benefits

  total $43,333,298 · program services $40,195,760 · management and general $2,123,154 · fundraising $1,014,384

• 10 · Payroll taxes

  total $14,253,629 · program services $13,076,277 · management and general $848,310 · fundraising $329,042

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $835,632 · management and general $835,632

• 11c · Fees: accounting

  total $242,296 · management and general $242,296

• 11d · Fees: lobbying

  total $179,015 · program services $179,015

• 11f · Fees: investment management

  total $796,279 · management and general $796,279

• 11g · Fees: other

  total $25,038,364 · program services $20,552,163 · management and general $3,202,335 · fundraising $1,283,866

• 12 · Advertising and promotion

  total $6,788,029 · program services $3,639,636 · management and general $721,116 · fundraising $2,427,277

• 13 · Office expenses

  total $82,752,874 · program services $34,320,800 · management and general $1,663,733 · fundraising $46,768,341

• 14 · Information technology

  total $16,573,041 · program services $14,824,077 · management and general $1,244,839 · fundraising $504,125

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $11,759,508 · program services $10,414,569 · management and general $1,317,110 · fundraising $27,829

• 17 · Travel

  total $2,359,987 · program services $2,127,962 · management and general $94,558 · fundraising $137,467

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $42,515 · program services $3,155 · management and general $27,522 · fundraising $11,838

• 20 · Interest

  total $1,382,689 · program services $1,352,562 · management and general $26,631 · fundraising $3,496

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $17,116,181 · program services $16,589,945 · management and general $459,578 · fundraising $66,658

• 23 · Insurance

  total $2,281,649 · program services $1,909,384 · management and general $343,925 · fundraising $28,340

• 24a · Other expenses: Equipment rental and maintenance

  total $2,537,736 · program services $2,475,824 · management and general $57,232 · fundraising $4,680

• 24b · Other expenses: Corporate dues/memberships

  total $275,334 · program services $234,165 · management and general $29,941 · fundraising $11,228

• 24e · All other expenses

  total $2,715,885 · program services $1,990,620 · management and general $339,637 · fundraising $385,628

• 26 · Joint costs (an allocation of the lines above)

  total $49,102,507 · program services $1,106,144 · management and general $693,450 · fundraising $47,302,913

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,841,604 · end of year $12,967,041

• 2 · Savings and temporary cash investments

  beginning of year $56,036,126 · end of year $47,983,905

• 3 · Pledges and grants receivable

  beginning of year $5,403,780 · end of year $3,638,650

• 4 · Accounts receivable

  beginning of year $39,108,098 · end of year $38,985,109

• 8 · Inventories for sale or use

  beginning of year $3,205,366 · end of year $2,696,899

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,035,328 · end of year $10,207,213

• 10a · Land, buildings and equipment: cost or other basis

  $444,194,874

• 10b · Land, buildings and equipment: accumulated depreciation

  $216,758,831

• 10c · Land, buildings and equipment, net

  beginning of year $217,292,599 · end of year $227,436,043

• 11 · Investments: publicly traded securities

  beginning of year $94,697,149 · end of year $90,725,632

• 12 · Investments: other securities

  beginning of year $205,732,732 · end of year $219,377,515

• 15 · Other assets

  beginning of year $1,105,043,913 · end of year $1,180,062,388

• 17 · Accounts payable and accrued expenses

  beginning of year $51,227,876 · end of year $65,011,172

• 19 · Deferred revenue

  beginning of year $283,532 · end of year $399,460

• 20 · Tax-exempt bond liabilities

  beginning of year $86,853,692 · end of year $86,676,453

• 21 · Escrow or custodial account liability

  beginning of year $1,321,532

• 25 · Other liabilities

  beginning of year $470,960

• 27 · Net assets without donor restrictions

  beginning of year $1,452,941,423 · end of year $1,515,424,600

• 28 · Net assets with donor restrictions

  beginning of year $157,297,680 · end of year $166,568,710

Itemized on Schedule J with no Part VII listing of the same name on this return:

• James L Beckman JD

  Assistant Corporate Secretary

  Schedule J breakdown

  Base

  $165,351

  Bonus

  $4,000

  Other

  $590

  Deferred

  $10,452

  Nontaxable benefits

  $21,559

  Filer's total

  $201,952

The filer's explanations (Part III)

Part I Line 1a

Discretionary spending account and housing allowance or residence for personal use Provided to Fr. Steven Boes, the Executive Director for Father Flanagans Boys Home, Fr. Boes is required to be available 24 hours a day for any situation that may arise regarding any and all facets of providing a comprehensive continuum of care for children and families. Due to the responsibilities required for the position and considering the base salary that Fr. Boes receives, the Board of Directors granted him a discretionary spending account which is included in his taxable compensation. As a condition of employment Fr. Boes is required to live on the residential campus and is provided a personal residence in the Village of Boys Town which is not included in taxable compensation.

Part I Line 3

The executive director has a written employment contract, but the CEO does not.

Part I Line 4a

Steven E. Boes recieved 500,000 as stipulated in the employment contract.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Square Mile Insurance Company LLC

  Insurance · TN · income $2,477,847 · assets $2,544,334

  Directly controlled by Father Flanagan's Boys' Home