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Nonprofiteer
← NATALIE & GEORGE PACE SCHOLARSHIP FUND

Form 990 for tax year 2025

Filed by NATALIE & GEORGE PACE SCHOLARSHIP FUND.

Totals

Total revenue
$606,680
Total expenses
$194,091
Contributions and grants received
$0
Grants paid
$178,116
Program service revenue
$0
Investment income
$606,680
Other revenue
$0
Total assets, end of year
$4,036,464
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,036,464
Program services expenses (Part IX)
$178,116
Management and general expenses
$15,975
Fundraising expenses
$0
Program service expenses (Part III)
$178,116

Program services were 91.8% 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
    $614,114
    From this org
    $0
    From related orgs
    $551,966
    Other
    $62,148
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $546,731 related
    Bonus
    $0
    Other
    $0 + $5,235 related
    Deferred
    $0 + $58,470 related
    Nontaxable benefits
    $0 + $3,678 related
    Filer's total
    $0 + $614,114 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)

Schedule J, Part I, Line 3
Natalie and George Pace Scholarship Fund relied on its parent organization, Father Flanagan's 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 qualified persons in functionally comparable positions at similarly situated organizations. Documentation of the decisions made regarding the compensation have been maintained by the committee.
Schedule J, Part I, Line 4b
Boys Town maintains a supplemental nonqualified retirement plan described in section 457 (f) to attract and retain employees, typically in management positions. In 2025, Judy Rasmussen participated in the 457 (f) plan and received contributions of $40,700

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Pooled Income Fund (1)

    Trust · Investments · NE

    Directly controlled by Father Flanagan's Boys' Home

  • Charitable Remainder Trusts (5)

    Trust · Investments · NE

  • Perpetual Trusts (15)

    Trust · Investments · NE

Provenance

Return type
form_990
Tax year
2025
Filed
16 July 2026
IRS schema version
2025v4.2
Source object
202611979349300921

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