Borgen Family Foundation

Denver, CO
Tax-exempt since May 1995
EIN: 84-1236286

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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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.09M (2024)

Expenses

$1.69M (2024)

Total Assets

$17.9M (2024)

Total Liabilities

$22k (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 Dec.
2024

Revenue

$1,087,688

Expenses

$1,686,579

Net Income

-$598,891

Net Assets

$17,828,101

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$660	0.1%
Interest Revenue	$0
Dividends	$924,096	85.0%
Sales of Assets	$162,932	15.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,448,660	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	$17,850,148
Total Liabilities	$22,047
Net Assets	$17,828,101

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on Sept. 4, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$5,683,856

Expenses

$1,682,954

Net Income

$4,000,902

Net Assets

$18,426,992

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,901,850	51.1%
Interest Revenue	$0
Dividends	$855,809	15.1%
Sales of Assets	$1,926,197	33.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,403,583	83.4%
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	$18,461,992
Total Liabilities	$35,000
Net Assets	$18,426,992

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on June 14, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$4,976,635

Expenses

$1,469,184

Net Income

$3,507,451

Net Assets

$17,185,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,189,205	44.0%
Interest Revenue	$0
Dividends	$470,962	9.5%
Sales of Assets	$2,316,468	46.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,302,083	88.6%
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	$17,185,367
Total Liabilities	$0
Net Assets	$17,185,367

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on July 27, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$2,387,467

Expenses

$1,405,378

Net Income

$982,089

Net Assets

$14,991,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$519,833	21.8%
Interest Revenue	$0
Dividends	$426,117	17.8%
Sales of Assets	$1,441,517	60.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,249,250	88.9%
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	$14,991,648
Total Liabilities	$0
Net Assets	$14,991,648

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on July 27, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$1,342,786

Expenses

$1,256,459

Net Income

$86,327

Net Assets

$14,100,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$375,469	28.0%
Interest Revenue	$0
Dividends	$353,078	26.3%
Sales of Assets	$525,608	39.1%
Other Income	$88,631	6.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,129,669	89.9%
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	$14,100,222
Total Liabilities	$1
Net Assets	$14,100,221

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$2,006,837

Expenses

$1,130,260

Net Income

$876,577

Net Assets

$14,404,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$375,000	18.7%
Interest Revenue	$0
Dividends	$550,859	27.4%
Sales of Assets	$1,080,978	53.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,077,867	95.4%
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	$14,404,051
Total Liabilities	$1
Net Assets	$14,404,050

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on Nov. 14, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$962,261

Expenses

$1,032,977

Net Income

-$70,716

Net Assets

$14,759,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$545,218	56.7%
Sales of Assets	$415,961	43.2%
Other Income	$1,082	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,023,350	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	$14,759,526
Total Liabilities	$0
Net Assets	$14,759,526

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on May 13, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$493,512

Expenses

$926,065

Net Income

-$432,553

Net Assets

$14,830,242

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29	0.0%
Dividends	$460,786	93.4%
Sales of Assets	$44,713	9.1%
Other Income	-$12,016

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$918,000	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	$14,830,242
Total Liabilities	$0
Net Assets	$14,830,242

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on Aug. 30, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$256,640

Expenses

$846,969

Net Income

-$590,329

Net Assets

$15,262,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$399,057	> 100%
Sales of Assets	-$131,831
Other Income	-$10,591

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$838,000	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	$15,262,795
Total Liabilities	$0
Net Assets	$15,262,795

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on May 23, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$2,501,455

Expenses

$754,542

Net Income

$1,746,913

Net Assets

$15,853,124

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,908,611	76.3%
Interest Revenue	$7	0.0%
Dividends	$328,696	13.1%
Sales of Assets	$270,456	10.8%
Other Income	-$6,315

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$720,750	95.5%
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	$15,853,124
Total Liabilities	$0
Net Assets	$15,853,124

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on April 5, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$3,338,537

Expenses

$613,158

Net Income

$2,725,379

Net Assets

$14,106,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,288,549	68.5%
Interest Revenue	$9	0.0%
Dividends	$268,652	8.0%
Sales of Assets	$789,651	23.7%
Other Income	-$8,324

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$584,750	95.4%
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	$14,106,211
Total Liabilities	$0
Net Assets	$14,106,211

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on May 6, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$2,191,475

Expenses

$521,106

Net Income

$1,670,369

Net Assets

$11,380,832

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,447,114	66.0%
Interest Revenue	$13	0.0%
Dividends	$300,293	13.7%
Sales of Assets	$441,551	20.1%
Other Income	$2,504	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$497,850	95.5%
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	$11,390,832
Total Liabilities	$10,000
Net Assets	$11,380,832

Compensation

Key Employees and Officers	Compensation	Other
Bjorn K Borgen (President)	$0	$0

990-PF

Filed on May 13, 2014

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

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,014,630

Expenses

$441,277

Net Income

$1,573,353

Net Assets

$9,710,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,601,262	79.5%
Interest Revenue	$1	0.0%
Dividends	$292,837	14.5%
Sales of Assets	$111,442	5.5%
Other Income	$9,088	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$390,400	88.5%
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	$9,710,463
Total Liabilities	$1
Net Assets	$9,710,462

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,144,285

Expenses

$403,886

Net Income

$1,740,399

Net Assets

$8,137,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,444,214	67.4%
Interest Revenue	$0
Dividends	$283,309	13.2%
Sales of Assets	$363,216	16.9%
Other Income	$53,546	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$358,978	88.9%
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	$8,137,110
Total Liabilities	$1
Net Assets	$8,137,109

990-PF

What Is This Data?

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

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Borgen Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.09M (2024)

Expenses $1.69M (2024)

Total Assets $17.9M (2024)

Total Liabilities $22k (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.09M (2024)

Expenses

$1.69M (2024)

Total Assets

$17.9M (2024)

Total Liabilities

$22k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

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 Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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2001