May L Flanagan Foundation Inc

LINCOLN, NE EIN: 36-3463110

The May L Flanagan Foundation Inc is a private foundation based in Lincoln, Nebraska. Established in November 1986, it operates as a 501(c)(3) tax-exempt organization with a focus on supporting youth development, social services, healthcare, and community initiatives in the Lincoln area.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

+38.1% YoY

Annual Giving

$128K

+2.0% YoY

Grant Count

-4.2% YoY

Avg Grant Size

$6K

+6.4% YoY

Under IRS private-foundation payout rules, May L Flanagan Foundation Inc reported a distributable amount of $138K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily funds organizations that support young people and community development. Key funding areas include:

Youth education and development
Social services and poverty alleviation
Healthcare initiatives
Family support services
Capital campaigns and community development
Professional development and education

The foundation has demonstrated particular interest in supporting the Lincoln Youth Center and The Bay, organizations that provide opportunities and career pipelines for young people through skateboarding programs.

Grantmaking

The foundation maintains multiple grant programs supporting specific initiatives, including new secure entrance projects, gathering place support, capital campaigns, tuition reimbursements for students, and assistance to new and expectant families.

Grant Range

$1,000 - $15,000

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Geographic Focus

Where this funder awards grants

The foundation focuses its grantmaking in Lincoln, Nebraska and the surrounding area.

Grant Distribution by State

Nebraska $628K (100%)

States

Nebraska

Cities

Lincoln

Financial History

Multi-year comparison from IRS filings

As of December 31, 2023:

Total assets: $1,293,883
Total revenues: $101,821
Total expenses: $181,526
Total liabilities: $0

The foundation maintains a healthy asset base and distributes grants annually, with expenses exceeding revenues in 2023, indicating distributions from accumulated assets.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,787,032	$1,293,883	$1,373,588
Revenue	$677,787	$101,821	$250,491
Expenses	$184,638	$181,526	$172,684
Qualifying Distributions	$156,069	$150,793	$145,744
Net Investment Income	$649,218	$76,027	$223,551
Distributable Amount	$137,798	$130,938	$130,995

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

121 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Catholic Social Services ($15,000), Madonna Foundation ($15,000), St Teresa School ($15,000).

Recipient	Purpose	Amount
CATHEDRAL OF THE RISEN CHRIST SCHOOL LINCOLN, NE	TO ASSIST WITH THE PURCHASE OF NEW WINDOWS FOR THE SCHOOL BUILDING.	$10,000
CATHOLIC SOCIAL SERVICES LINCOLN, NE	TO BE USED FOR THE FAMILY SUPPORT SERVICES, ST. GIANNA WOMEN'S HOME, AND FOOD MARKET AND MEAL SERVICES.	$15,000
MADONNA FOUNDATION LINCOLN, NE	TO PROVIDE TUITION REIMBURSEMENTS FOR STAFF MEMBERS WHO SEEK EDUCATIONAL ADVANCEMENTS.	$15,000
MADONNA FOUNDATION LINCOLN, NE	FOURTH OF FIVE INSTALLMENT PAYMENTS TO ASSIST IN FUNDING MADONNA'S $57,000,000 EXPANSION AND RENOVATION PROJECT.	$5,000
PIUS X FOUNDATION LINCOLN, NE	TO SUPPORT THE "NEW SECURE ENTRANCE, WELCOME CENTER, AND STUDENT HEALTH CENTER" PROJECT.	$5,000
ST ELIZABETH FOUNDATION LINCOLN, NE	TO PROVIDE ASSISTANCE TO NEW AND EXPECTANT PARENTS OF INFANTS CARED FOR IN THE NEONATAL INTENSIVE CARE UNIT WHO ARE EXPERIENCING FINANCIAL HARDSHIPS.	$2,000
BRIGHT LIGHTS INC LINCOLN, NE	TO ASSIST IN MEETING BRIGHT LIGHTS GENERAL OPERATING EXPENSES.	$1,000
LINCOLN CHILDREN'S MUSEUM LINCOLN, NE	TO ASSIST IN SUPPORTING THE MUSEUM'S FOR ALL ADMISSIONS PROGRAM.	$1,000
LINCOLN CHILDREN'S ZOO & BOTANICAL GARDENS LINCOLN, NE	TO ASSIST WITH THE FUNDING OF THE "CHILDREN AT THE ZOO" OUTREACH PROGRAM.	$3,000
FRIENDSHIP HOME OF LINCOLN INC LINCOLN, NE	TO ASSIST IN THE SUPPORT OF EMERGENCY SHELTER AND SUPPORTIVE SERVICES.	$6,000

Leadership & Key People

Leadership team and compensation from IRS filings

Angie Muhleisen - President/Director (1 hour/week, $5,000 compensation)
Joseph F Bachmann - Vice President/Secretary/Director (1 hour/week, $5,000 compensation)
Gregory H Perry - Treasurer (1 hour/week, $5,000 compensation)
Union Bank Trust Co - Trustee (2 hours/week, $22,717 compensation)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
UNION BANK TRUST CO	TRUSTEE	2	$26,988
JOSEPH F BACHMANN	V. PRES/SEC/DIRECTOR	1	$5,000
GREGORY H PERRY	TREASURER	1	$5,000
JASON MUHLEISEN	PRESIDENT/DIRECTOR	1	$5,000

Contact Information

Address: 233 South 13th Street, Suite 1400 Lincoln, NE 68508

Phone: (402) 476-9200

Frequently Asked Questions

What does May L Flanagan Foundation Inc fund?

The foundation primarily funds organizations that support young people and community development. Key funding areas include: • Youth education and development • Social services and poverty alleviation • Healthcare initiatives • Family support services • Capital campaigns and community development • Professional development and education The foundation has demonstrated particular interest in supporting the Lincoln Youth Center and The Bay, organizations that provide opportunities and career pipe…

How do I apply for a grant from May L Flanagan Foundation Inc?

**Grant Activity (2023):** • Total grants awarded: 48 grants • Total giving: $150,793 • Grant range: $1,000 - $15,000 • Median grant amount: $5,000 • Giving rate: 11.3% of assets **Recent Grantees (2023):** • The Madonna Foundation: $15,000 (fourth of five installment payments toward a $57 million expansion and renovation project) • Catholic Social Services: $15,000 (for Family Support Services, St. Gianna Women's Home, and Food Market and Meal Services) • Friendship Home of Lincoln: $6,000 (em…

Where does May L Flanagan Foundation Inc make grants?

The foundation focuses its grantmaking in Lincoln, Nebraska and the surrounding area.

What size grants does May L Flanagan Foundation Inc award?

In 2024, May L Flanagan Foundation Inc awarded 23 grants totaling $128K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is May L Flanagan Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, May L Flanagan Foundation Inc reported a distributable amount of $138K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.