Tom & Sarah Borman Foundation

Birmingham, MI
Tax-exempt since April 1958
EIN: 38-6058645

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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.

Donations to this organization are tax deductible.

Revenue

$51.2k (2024)

Expenses

$115k (2024)

Total Assets

$1.17M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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 Nov.
2024

Revenue

$51,246

Expenses

$114,825

Net Income

-$63,579

Net Assets

$1,165,804

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,182	17.9%
Dividends	$42,064	82.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,570	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	$1,165,804
Total Liabilities	$0
Net Assets	$1,165,804

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Todd Mendel (Director)	$0	$0

990-PF

Filed on March 10, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$57,689

Expenses

$125,889

Net Income

-$68,200

Net Assets

$1,229,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,793	32.6%
Dividends	$38,896	67.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$124,557	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	$1,229,557
Total Liabilities	$174
Net Assets	$1,229,383

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Todd Mendel (Director)	$0	$0

990-PF

Filed on April 6, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Nov.
2022

Revenue

$44,380

Expenses

$114,680

Net Income

-$70,300

Net Assets

$1,297,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,349	14.3%
Dividends	$38,031	85.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,545	99.0%
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	$1,297,693
Total Liabilities	$110
Net Assets	$1,297,583

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Todd Mendel (Director)	$0	$0

990-PF

Filed on April 8, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2021

Revenue

$135,531

Expenses

$108,557

Net Income

$26,974

Net Assets

$1,367,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	73.8%
Interest Revenue	$627	0.5%
Dividends	$34,904	25.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,545	99.1%
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	$1,367,970
Total Liabilities	$87
Net Assets	$1,367,883

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on April 2, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Nov.
2020

Revenue

$137,142

Expenses

$121,936

Net Income

$15,206

Net Assets

$1,340,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	72.9%
Interest Revenue	$3,039	2.2%
Dividends	$34,101	24.9%
Sales of Assets	$2	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,045	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	$1,340,909
Total Liabilities	$1
Net Assets	$1,340,908

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on April 10, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2019

Revenue

$41,579

Expenses

$116,710

Net Income

-$75,131

Net Assets

$1,325,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,935	21.5%
Dividends	$32,644	78.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$115,774	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	$1,325,703
Total Liabilities	$1
Net Assets	$1,325,702

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on July 14, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2018

Revenue

$34,844

Expenses

$112,338

Net Income

-$77,494

Net Assets

$1,400,834

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,006	20.1%
Dividends	$27,838	79.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,127	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	$1,400,960
Total Liabilities	$126
Net Assets	$1,400,834

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on April 13, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2017

Revenue

$27,758

Expenses

$112,215

Net Income

-$84,457

Net Assets

$1,478,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,827	10.2%
Dividends	$24,931	89.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,145	99.0%
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	$1,478,388
Total Liabilities	$60
Net Assets	$1,478,328

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on May 15, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2016

Revenue

$24,642

Expenses

$105,441

Net Income

-$80,799

Net Assets

$1,562,785

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,839	7.5%
Dividends	$22,803	92.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,434	99.0%
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	$1,562,942
Total Liabilities	$157
Net Assets	$1,562,785

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on April 8, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$23,228

Expenses

$116,493

Net Income

-$93,265

Net Assets

$1,643,584

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,239	9.6%
Dividends	$20,989	90.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$115,731	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	$1,643,584
Total Liabilities	$0
Net Assets	$1,643,584

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on April 15, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2014

Revenue

$21,287

Expenses

$110,872

Net Income

-$89,585

Net Assets

$1,736,849

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,604	12.2%
Dividends	$18,683	87.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,129	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	$1,736,849
Total Liabilities	$0
Net Assets	$1,736,849

Compensation

Key Employees and Officers	Compensation	Other
Johanna Borman (Vice President)	$0	$0
Paul D Borman (President)	$0	$0
Eugene Driker (Director)	$0	$0

990-PF

Filed on April 13, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2013

Revenue

$119,962

Expenses

$108,615

Net Income

$11,347

Net Assets

$1,826,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$43,770	36.5%
Interest Revenue	$3,778	3.1%
Dividends	$18,089	15.1%
Sales of Assets	$54,325	45.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,333	98.8%
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	$1,826,651
Total Liabilities	$217
Net Assets	$1,826,434

990-PF

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

PDF

Fiscal Year Ending Nov.
2012

Revenue

$19,606

Expenses

$107,974

Net Income

-$88,368

Net Assets

$1,815,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,071	20.8%
Dividends	$15,535	79.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,152	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	$1,815,087
Total Liabilities	$1
Net Assets	$1,815,086

990-PF

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

PDF

Fiscal Year Ending Nov.
2011

Revenue

$144,793

Expenses

$111,756

Net Income

$33,037

Net Assets

$1,903,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,470	5.2%
Dividends	$13,686	9.5%
Sales of Assets	$123,637	85.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,346	96.9%
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	$1,904,581
Total Liabilities	$1,126
Net Assets	$1,903,455

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

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Tom & Sarah Borman Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $51.2k (2024)

Expenses $115k (2024)

Total Assets $1.17M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$51.2k (2024)

Expenses

$115k (2024)

Total Assets

$1.17M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

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2022

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2019

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2018

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2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
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Fiscal Year Ending Nov.
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