Putnam Bank Foundation

Putnam, CT
Tax-exempt since April 2006
EIN: 20-1716876

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Type of Nonprofit

Designated as a 501(c)(3) 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 / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$56.3k (2025)

Expenses

$87.9k (2025)

Total Assets

$2.36M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

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 June
2025

Revenue

$56,275

Expenses

$87,862

Net Income

-$31,587

Net Assets

$2,362,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,223	59.0%
Sales of Assets	$23,052	41.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,339	> 100%
Compensation of Officers*	$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	$2,362,875
Total Liabilities	$0
Net Assets	$2,362,875

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President)	$0	$0
Richard A Loomis (Vp & Treasur)	$0	$0
Paul M Kelly (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
Charles H Puffer (Director)	$0	$0
Kyle F Borner (Director)	$0	$0

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990-PF

Filed on Oct. 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2024

Revenue

$204,850

Expenses

$69,549

Net Income

$135,301

Net Assets

$2,204,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$49,368	24.1%
Sales of Assets	$155,482	75.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,614	> 100%
Compensation of Officers*	$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	$2,219,644
Total Liabilities	$15,000
Net Assets	$2,204,644

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President)	$0	$0
Richard A Loomis (Vp & Treasur)	$0	$0
Paul M Kelly (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
Charles H Puffer (Director)	$0	$0
Kyle F Borner (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending June
2023

Revenue

$56,293

Expenses

$56,747

Net Income

-$454

Net Assets

$2,048,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$56,293	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,338	99.3%
Compensation of Officers*	$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	$2,048,251
Total Liabilities	$0
Net Assets	$2,048,251

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President)	$0	$0
Richard A Loomis (Vp & Treasur)	$0	$0
Paul M Kelly (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
Charles H Puffer (Director)	$0	$0
Kyle F Borner (Director)	$0	$0

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990-PF

Filed on Oct. 22, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending June
2022

Revenue

$29,450

Expenses

$66,443

Net Income

-$36,993

Net Assets

$1,867,676

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$29,450	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,443	100%
Compensation of Officers*	$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	$1,867,676
Total Liabilities	$0
Net Assets	$1,867,676

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President)	$0	$0
Richard A Loomis (Vp & Treasur)	$0	$0
Paul M Kelly (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
Charles H Puffer (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$85,874

Expenses

$49,800

Net Income

$36,074

Net Assets

$2,229,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$85,874	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,800	100%
Compensation of Officers*	$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	$2,229,854
Total Liabilities	$618
Net Assets	$2,229,236

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President)	$0	$0
Richard A Loomis (Vp & Treasur)	$0	$0
Paul M Kelly (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
Charles H Puffer (Director)	$0	$0

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990-PF

Filed on Nov. 23, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

$12,082

Expenses

$63,762

Net Income

-$51,680

Net Assets

$1,887,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,082	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,762	76.5%
Compensation of Officers*	$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	$1,903,280
Total Liabilities	$15,800
Net Assets	$1,887,480

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2019

Revenue

$55,539

Expenses

$92,551

Net Income

-$37,012

Net Assets

$1,465,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$42,665	76.8%
Sales of Assets	$12,874	23.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,682	> 100%
Compensation of Officers*	$2,454	2.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,507,684
Total Liabilities	$42,050
Net Assets	$1,465,634

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President And Chairman)	$1,336	$0
Robert J Halloran Jr (Vp & Treasurer)	$668	$0
Wilbur D Neumann (Director)	$450	$0
Charles W Bentley Jr (Director)	$0	$0
Paul M Kelly (Director)	$0	$0
Richard A Loomis (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
John P Miller (Director)	$0	$0
Charles H Puffer (Director)	$0	$0

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990-PF

Filed on Aug. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$37,291

Expenses

$85,492

Net Income

-$48,201

Net Assets

$1,453,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,827	71.9%
Sales of Assets	$10,464	28.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,077	> 100%
Compensation of Officers*	$2,245	2.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,513,016
Total Liabilities	$59,100
Net Assets	$1,453,916

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President And Chairman)	$1,297	$0
Robert J Halloran Jr (Vp & Treasurer)	$648	$0
Wilbur D Neumann (Director)	$300	$0
Charles W Bentley Jr (Director)	$0	$0
Paul M Kelly (Director)	$0	$0
Richard A Loomis (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
John P Miller (Director)	$0	$0
Charles H Puffer (Director)	$0	$0

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990-PF

Filed on Oct. 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending June
2017

Revenue

$30,370

Expenses

$60,508

Net Income

-$30,138

Net Assets

$1,410,386

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,326	60.3%
Sales of Assets	$12,044	39.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,247	94.6%
Compensation of Officers*	$2,339	3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,473,736
Total Liabilities	$63,350
Net Assets	$1,410,386

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President And Chairman)	$1,259	$0
Robert J Halloran Jr (Vp & Treasurer)	$630	$0
Wilbur D Neumann (Director)	$450	$0
Charles W Bentley Jr (Director)	$0	$0
Paul M Kelly (Director)	$0	$0
Richard A Loomis (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
John P Miller (Director)	$0	$0
Charles H Puffer (Director)	$0	$0

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990-PF

Filed on Oct. 23, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$16,837

Expenses

$49,839

Net Income

-$33,002

Net Assets

$1,150,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,940	> 100%
Sales of Assets	-$110
Other Income	$7	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,693	> 100%
Compensation of Officers*	$2,284	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	$1,211,030
Total Liabilities	$60,150
Net Assets	$1,150,880

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Borner (President And Chairman)	$1,223	$0
Robert J Halloran Jr (Vp & Treasurer)	$611	$0
Wilbur D Neumann (Director)	$450	$0
Charles W Bentley Jr (Director)	$0	$0
Paul M Kelly (Director)	$0	$0
Richard A Loomis (Director)	$0	$0
Jitendra Sinha (Director)	$0	$0
John P Miller (Director)	$0	$0
Charles H Puffer (Director)	$0	$0

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990-PF

Filed on Oct. 3, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending June
2015

Revenue

$7,284

Expenses

$124,372

Net Income

-$117,088

Net Assets

$950,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,284	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,372	45.3%
Compensation of Officers*	$1,488	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,041,225
Total Liabilities	$91,050
Net Assets	$950,175

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

Expenses

$57,893

Net Income

-$57,893

Net Assets

$899,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,690	> 100%
Compensation of Officers*	$1,608	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$936,687
Total Liabilities	$36,950
Net Assets	$899,737

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$239,950

Expenses

$69,690

Net Income

$170,260

Net Assets

$822,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	8.3%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$219,950	91.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,590	88.4%
Compensation of Officers*	$1,426	2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$875,332
Total Liabilities	$52,450
Net Assets	$822,882

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$33,071

Expenses

$85,182

Net Income

-$52,111

Net Assets

$478,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$45,000	> 100%
Interest Revenue	$1	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,069	62.3%
Compensation of Officers*	$1,554	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$521,677
Total Liabilities	$42,700
Net Assets	$478,977

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

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Types of Nonprofits

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Putnam Bank Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $56.3k (2025)

Expenses $87.9k (2025)

Total Assets $2.36M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Revenue

$56.3k (2025)

Expenses

$87.9k (2025)

Total Assets

$2.36M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005