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Broad Family Foundation Inc

  • Traverse City, MI
  • Tax-exempt since March 2015
  • EIN: 30-0841409

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 / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.86M (2023)

Expenses
$150k (2023)

Total Assets
$10.5M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2014 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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,862,272
Expenses
$150,000
Net Income
$6,712,272
Net Assets
$10,508,031
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,000,000
> 100%
Interest Revenue $0
Dividends $56,649
0.8%
Sales of Assets -$194,377
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $150,000
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 $10,508,031
Total Liabilities $0
Net Assets $10,508,031
Compensation
Key Employees and Officers Compensation Other
Todd E Broad (President) $0 $0
Michelle A Broad (Secretary) $0 $0
Tyler L Broad (Director) $0 $0
Abbie A Clark (Director) $0 $0
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Document Links

990-PF
Filed on Aug. 15, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,071,706
Expenses
$365,192
Net Income
-$1,436,898
Net Assets
$3,795,759
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $162,709
Sales of Assets -$1,234,415
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $337,520
92.4%
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 $3,795,759
Total Liabilities $0
Net Assets $3,795,759
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President) $0 $0
Todd E Broad (Vice President) $0 $0
Tonya A Wildfong (Secretary) $0 $0
T Eric Ritchie (Treasurer) $0 $0
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Document Links

990-PF
Filed on Dec. 22, 2023

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

View Filing
PDF XML
View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$658,704
Expenses
$671,802
Net Income
-$13,098
Net Assets
$11,515,239
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $220,126
33.4%
Sales of Assets $438,578
66.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $654,376
97.4%
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 $11,515,239
Total Liabilities $0
Net Assets $11,515,239
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President) $0 $0
Todd E Broad (Vice President) $0 $0
Tonya A Wildfong (Secretary) $0 $0
T Eric Ritchie (Treasurer) $0 $0
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Document Links

990-PF
Filed on June 7, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,872,695
Expenses
$345,121
Net Income
$5,527,574
Net Assets
$11,533,833
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,500,000
76.6%
Interest Revenue $0
Dividends $177,684
3.0%
Sales of Assets $1,195,011
20.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $344,246
99.7%
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 $11,533,834
Total Liabilities $1
Net Assets $11,533,833
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President) $0 $0
Todd E Broad (Vice President) $0 $0
Tonya A Wildfong (Secretary) $0 $0
T Eric Ritchie (Treasurer) $0 $0
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Document Links

990-PF
Filed on June 4, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$348,740
Expenses
$397,166
Net Income
-$48,426
Net Assets
$6,006,259
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
57.3%
Interest Revenue $1,634
0.5%
Dividends $201,762
57.9%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $386,000
97.2%
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 $6,006,260
Total Liabilities $1
Net Assets $6,006,259
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President/Director) $0 $0
Todd E Broad (Vice President/Director) $0 $0
Tonya A Wildfong (Secretary/Director) $0 $0
T Eric Ritchie (Treasurer/Director) $0 $0
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Document Links

990-PF
Filed on May 18, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,230,275
Expenses
$219,777
Net Income
$2,010,498
Net Assets
$6,054,686
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000,000
89.7%
Interest Revenue $2,575
0.1%
Dividends $105,929
4.7%
Sales of Assets $121,771
5.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $218,000
99.2%
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 $6,054,686
Total Liabilities $0
Net Assets $6,054,686
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President/Director) $0 $0
Todd E Broad (Vice President/Director) $0 $0
Tonya A Wildfong (Secretary/Director) $0 $0
T Eric Ritchie (Treasurer/Director) $0 $0
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Document Links

990-PF
Filed on May 6, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,059,790
Expenses
$152,186
Net Income
$1,907,604
Net Assets
$4,044,188
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000,000
97.1%
Interest Revenue $1,163
0.1%
Dividends $50,339
2.4%
Sales of Assets $8,288
0.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $150,465
98.9%
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 $4,044,188
Total Liabilities $0
Net Assets $4,044,188
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President/Director) $0 $0
Todd E Broad (Vice President/Director) $0 $0
Tonya A Wildfong (Secretary/Director) $0 $0
T Eric Ritchie (Treasurer/Director) $0 $0
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Document Links

990-PF
Filed on April 29, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,031,957
Expenses
$115,941
Net Income
$916,016
Net Assets
$2,136,584
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
96.9%
Interest Revenue $610
0.1%
Dividends $27,373
2.7%
Sales of Assets $3,974
0.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $115,481
99.6%
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 $2,136,584
Total Liabilities $0
Net Assets $2,136,584
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President/Director) $0 $0
Todd E Broad (Vice President/Director) $0 $0
Tonya A Wildfong (Secretary/Director) $0 $0
T Eric Ritchie (Treasurer/Director) $0 $0
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Document Links

990-PF
Filed on May 4, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,000,305
Expenses
$22,864
Net Income
$977,441
Net Assets
$1,220,568
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
100.0%
Interest Revenue $305
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,442
93.8%
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 $1,220,568
Total Liabilities $0
Net Assets $1,220,568
Compensation
Key Employees and Officers Compensation Other
Troy L Broad (President/Director) $0 $0
Todd E Broad (Vice President/Director) $0 $0
Tonya A Wildfong (Secretary/Director) $0 $0
T Eric Ritchie (Treasurer/Director) $0 $0
+ View more people

Document Links

990-PF
Filed on April 18, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$250,000
Expenses
$6,873
Net Income
$243,127
Net Assets
$243,127
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $250,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,513
94.8%
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 $243,127
Total Liabilities $0
Net Assets $243,127

Document Links

990-PF

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

PDF

About This Data

What Is 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.

Which Organizations Are Here?

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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