May L Flanagan Foundation Inc
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
23
-4.2% YoY
Avg Grant Size
$6K
+6.4% YoY
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
States
Cities
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.
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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