Marvin And Betty Borman Foundation

Deephaven, MN
Tax-exempt since July 1985
EIN: 41-1506784

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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

$1.44M (2024)

Expenses

$644k (2024)

Total Assets

$9.68M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Years with multiple filings

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 Dec.
2024

Revenue

$1,440,257

Expenses

$644,246

Net Income

$796,011

Net Assets

$9,682,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25	0.0%
Interest Revenue	$153	0.0%
Dividends	$209,491	14.5%
Sales of Assets	$1,230,588	85.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$493,755	76.6%
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	$9,682,208
Total Liabilities	$0
Net Assets	$9,682,208

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Borman (President & Treasurer)	$0	$0
Thomas Borman (Vice President)	$0	$0
Jane Ross (Vice President)	$0	$0
Kimberly Borman (Vice President)	$0	$0

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990-PF

Filed on June 30, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$712,601

Expenses

$613,910

Net Income

$98,691

Net Assets

$8,647,308

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$250	0.0%
Dividends	$179,296	25.2%
Sales of Assets	$533,039	74.8%
Other Income	$16	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$499,823	81.4%
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	$8,647,308
Total Liabilities	$0
Net Assets	$8,647,308

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Borman (President & Treasurer)	$0	$0
Thomas Borman (Vice President)	$0	$0
Jane Ross (Vice President)	$0	$0
Kimberly Borman (Vice President)	$0	$0

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990-PF

Filed on Nov. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$551,271

Expenses

$950,089

Net Income

-$398,818

Net Assets

$8,548,466

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$315	0.1%
Dividends	$148,868	27.0%
Sales of Assets	$402,088	72.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$815,892	85.9%
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	$8,548,466
Total Liabilities	$0
Net Assets	$8,548,466

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Borman (President & Treasurer)	$0	$0
Thomas Borman (Vice President)	$0	$0
Jane Ross (Vice President)	$0	$0
Kimberly Borman (Vice President)	$0	$0

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990-PF

Filed on Aug. 24, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,173,478

Expenses

$634,727

Net Income

$538,751

Net Assets

$8,751,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$345	0.0%
Dividends	$141,871	12.1%
Sales of Assets	$1,031,120	87.9%
Other Income	$142	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$510,461	80.4%
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	$8,751,206
Total Liabilities	$0
Net Assets	$8,751,206

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Borman (President & Treasurer)	$0	$0
Thomas Borman (Vice President)	$0	$0
Jane Ross (Vice President)	$0	$0
Kimberly Borman (Vice President)	$0	$0

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990-PF

Filed on Sept. 27, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$442,857

Expenses

$198,980

Net Income

$243,877

Net Assets

$8,212,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,188	0.7%
Dividends	$144,670	32.7%
Sales of Assets	$294,635	66.5%
Other Income	$364	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,350	44.9%
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	$8,212,455
Total Liabilities	$1
Net Assets	$8,212,454

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Borman (President & Treasurer)	$0	$0
Thomas Borman (Vice President)	$0	$0
Jane Ross (Vice President)	$0	$0
Kimberly Borman (Vice President)	$0	$0

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990-PF

Filed on Nov. 12, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$633,318

Expenses

$197,905

Net Income

$435,413

Net Assets

$7,968,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,596	0.6%
Dividends	$161,031	25.4%
Sales of Assets	$468,650	74.0%
Other Income	$41	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,127	35.4%
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	$7,968,578
Total Liabilities	$0
Net Assets	$7,968,578

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$453,979

Expenses

$676,581

Net Income

-$222,602

Net Assets

$7,150,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$830	0.2%
Dividends	$171,153	37.7%
Sales of Assets	$281,996	62.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$565,688	83.6%
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	$7,150,583
Total Liabilities	$0
Net Assets	$7,150,583

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$523,432

Expenses

$722,058

Net Income

-$198,626

Net Assets

$7,373,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250	0.0%
Interest Revenue	$768	0.1%
Dividends	$179,046	34.2%
Sales of Assets	$343,368	65.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$578,832	80.2%
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	$7,373,185
Total Liabilities	$0
Net Assets	$7,373,185

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$4,596,111

Expenses

$441,584

Net Income

$4,154,527

Net Assets

$7,571,811

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,632,209	57.3%
Interest Revenue	$694	0.0%
Dividends	$98,812	2.1%
Sales of Assets	$1,864,396	40.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$357,595	81.0%
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	$7,571,811
Total Liabilities	$0
Net Assets	$7,571,811

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$597,572

Expenses

$317,338

Net Income

$280,234

Net Assets

$3,417,284

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$377,963	63.2%
Interest Revenue	$1,256	0.2%
Dividends	$74,148	12.4%
Sales of Assets	$144,205	24.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$277,518	87.5%
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	$3,417,284
Total Liabilities	$0
Net Assets	$3,417,284

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$67,096

Expenses

$19,762

Net Income

$47,334

Net Assets

$3,137,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$29,278	43.6%
Sales of Assets	$37,815	56.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,266	67.1%
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	$3,137,050
Total Liabilities	$0
Net Assets	$3,137,050

990-PF

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

PDF

Fiscal Year Ending July
2011

Revenue

$419,161

Expenses

$200,522

Net Income

$218,639

Net Assets

$3,089,716

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$308,108	73.5%
Interest Revenue	$0
Dividends	$53,025	12.7%
Sales of Assets	$58,028	13.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$167,630	83.6%
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	$3,089,716
Total Liabilities	$0
Net Assets	$3,089,716

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending July
2010

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

990-PF

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

PDF

Fiscal Year Ending July
2009

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

990-PF

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

PDF

Fiscal Year Ending July
2008

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

990-PF

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

PDF

Fiscal Year Ending July
2007

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

990-PF

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

PDF

Fiscal Year Ending July
2006

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

990-PF

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

PDF

Fiscal Year Ending July
2005

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

990-PF

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

PDF

Fiscal Year Ending July
2004

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

990-PF

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

PDF

Fiscal Year Ending July
2003

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

990-PF

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

PDF

Fiscal Year Ending July
2002

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

990-PF

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

PDF

Fiscal Year Ending July
2001

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

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.

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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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Raw filing data. Includes EINs and summary financials as structured data.
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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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Updated January 26, 2026

Marvin And Betty Borman Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.44M (2024)

Expenses $644k (2024)

Total Assets $9.68M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending July 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1.44M (2024)

Expenses

$644k (2024)

Total Assets

$9.68M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

Fiscal Year Ending July
2005

Fiscal Year Ending July
2004

Fiscal Year Ending July
2003

Fiscal Year Ending July
2002

Fiscal Year Ending July
2001