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Borman Family Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$711k (2023)

Expenses
$532k (2023)

Total Assets
$9.77M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$710,911
Expenses
$531,637
Net Income
$179,274
Net Assets
$9,767,566
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17
0.0%
Dividends $50,652
7.1%
Sales of Assets $569,560
80.1%
Other Income $90,682
12.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $498,240
93.7%
Compensation of Officers* $27,000
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,767,566
Total Liabilities $0
Net Assets $9,767,566
Compensation
Key Employees and Officers Compensation Other
Barbara Metzdorff (Vice President) $10,000 $0
Donald Borman (Treasurer/Secretary) $7,000 $0
Adam Borman (Associate Director) $2,000 $0
Matthew Borman (Associate Director) $2,000 $0
Robert Borman Jr (Associate Director) $2,000 $0
Megan Proctor (Associate Director) $2,000 $0
Kate Borman (President) $2,000 $0

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$721,585
Expenses
$534,262
Net Income
$187,323
Net Assets
$9,337,779
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15
0.0%
Dividends $51,929
7.2%
Sales of Assets $565,770
78.4%
Other Income $103,871
14.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $493,316
92.3%
Compensation of Officers* $27,000
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,337,779
Total Liabilities $0
Net Assets $9,337,779
Compensation
Key Employees and Officers Compensation Other
Barbara Metzdorff (Vice President) $10,000 $0
Donald Borman (Treasurer/Secretary) $7,000 $0
Adam Borman (Associate Director) $2,000 $0
Matthew Borman (Associate Director) $2,000 $0
Robert Borman Jr (Associate Director) $2,000 $0
Megan Proctor (Associate Director) $2,000 $0
Kate Borman (President) $2,000 $0

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$871,838
Expenses
$455,494
Net Income
$416,344
Net Assets
$10,873,434
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13
0.0%
Dividends $38,210
4.4%
Sales of Assets $773,588
88.7%
Other Income $60,027
6.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $422,851
92.8%
Compensation of Officers* $21,167
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,873,435
Total Liabilities $1
Net Assets $10,873,434
Compensation
Key Employees and Officers Compensation Other
Donald Borman (Treasurer/Secretary) $7,000 $0
Barbara Metzdorff (Vice President) $4,167 $0
Adam Borman (Associate Director) $2,000 $0
Matthew Borman (Associate Director) $2,000 $0
Robert Borman Jr (Associate Director) $2,000 $0
Megan Proctor (Associate Director) $2,000 $0
Kate Borman (President) $2,000 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$583,811
Expenses
$462,281
Net Income
$121,530
Net Assets
$9,474,911
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,363
3.5%
Interest Revenue $215
0.0%
Dividends $56,969
9.8%
Sales of Assets $390,391
66.9%
Other Income $115,873
19.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $431,694
93.4%
Compensation of Officers* $22,000
4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,474,912
Total Liabilities $1
Net Assets $9,474,911
Compensation
Key Employees and Officers Compensation Other
Donald Borman (Treasurer/Secretary) $7,000 $0
Cornelius H Borman (Vice President) $5,000 $0
Adam Borman (Associate Director) $2,000 $0
Matthew Borman (Associate Director) $2,000 $0
Robert Borman Jr (Associate Director) $2,000 $0
Megan Proctor (Associate Director) $2,000 $0
Kate Borman (President) $2,000 $0

Document Links

Fiscal Year Ending July
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$583,581
Expenses
$428,504
Net Income
$155,077
Net Assets
$7,767,837
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $48,831
8.4%
Interest Revenue $9
0.0%
Dividends $60,705
10.4%
Sales of Assets $411,003
70.4%
Other Income $63,033
10.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $387,723
90.5%
Compensation of Officers* $21,000
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,767,837
Total Liabilities $0
Net Assets $7,767,837

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$520,599
Expenses
$397,602
Net Income
$122,997
Net Assets
$7,987,038
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,160
9.6%
Interest Revenue $9,649
1.9%
Dividends $59,615
11.5%
Sales of Assets $345,566
66.4%
Other Income $55,609
10.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $347,207
87.3%
Compensation of Officers* $21,000
5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,987,038
Total Liabilities $0
Net Assets $7,987,038

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$550,499
Expenses
$372,806
Net Income
$177,693
Net Assets
$5,999,106
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $46,968
8.5%
Interest Revenue $11,439
2.1%
Dividends $46,815
8.5%
Sales of Assets $392,437
71.3%
Other Income $52,840
9.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $327,827
87.9%
Compensation of Officers* $22,000
5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,999,106
Total Liabilities $0
Net Assets $5,999,106

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$455,445
Expenses
$369,368
Net Income
$86,077
Net Assets
$5,813,802
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $41,953
9.2%
Interest Revenue $13,698
3.0%
Dividends $59,107
13.0%
Sales of Assets $283,519
62.3%
Other Income $57,168
12.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $328,823
89.0%
Compensation of Officers* $22,000
6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,813,802
Total Liabilities $0
Net Assets $5,813,802

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$414,898
Expenses
$340,504
Net Income
$74,394
Net Assets
$5,308,707
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $41,260
9.9%
Interest Revenue $17,567
4.2%
Dividends $63,125
15.2%
Sales of Assets $246,498
59.4%
Other Income $46,448
11.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $296,689
87.1%
Compensation of Officers* $22,000
6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,308,708
Total Liabilities $1
Net Assets $5,308,707

Document Links

Fiscal Year Ending July
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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