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Albert And Elaine Borchard Foundation Inc

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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.87M (2024)

Expenses
$3.38M (2024)

Total Assets
$18.3M (2024)

Total Liabilities
$232k (2024)

Years with missing data
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 July
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,870,521
Expenses
$3,382,549
Net Income
$487,972
Net Assets
$18,044,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $83,388
2.2%
Dividends $356,706
9.2%
Sales of Assets $621,654
16.1%
Other Income $69,467
1.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,800,390
53.2%
Compensation of Officers* $455,217
13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,275,989
Total Liabilities $231,503
Net Assets $18,044,486
Compensation
Key Employees and Officers Compensation Other
Janna Beling (Director, Exec, President) $112,500 $6,927
Michael Spurgeon (Director, Exec, Vice President) $82,500 $7,815
Jennifer Mills (Cfo) $72,650 $26
Mary Jane Ciccarello (Director) $67,625 $815
Roubina Movsessian (Admin Asst/Bookkeepe) $54,088 $0
Kristen Beling (Director, Secretary) $51,250 $7,916
Andrew Dwight Hotchkiss (Director) $22,500 $1,364
Stephen Spurgeon (Director) $20,000 $1,329

Document Links

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,040,113
Expenses
$4,290,235
Net Income
-$250,122
Net Assets
$17,543,269
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $47,256
1.2%
Dividends $256,947
6.4%
Sales of Assets -$98,358
Other Income $42,288
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,591,781
37.1%
Compensation of Officers* $465,636
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,773,033
Total Liabilities $229,764
Net Assets $17,543,269
Compensation
Key Employees and Officers Compensation Other
Janna Beling (Director, Exec, President) $112,500 $6,450
Michael Spurgeon (Director, Exec, Vice President) $82,500 $16,489
Jennifer Mills (Cfo) $69,150 $14
Mary Jane Ciccarello (Director) $67,625 $1,070
Roubina Movsessian (Admin Asst/Bookkeepe) $52,008 $0
Kristen Beling (Director, Secretary) $51,250 $13,206
Andrew Dwight Hotchkiss (Director) $22,500 $1,766
Stephen Spurgeon (Director) $20,000 $1,116

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,869,342
Expenses
$3,903,629
Net Income
-$34,287
Net Assets
$17,787,506
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $841,464
21.7%
Interest Revenue $2,406
0.1%
Dividends $247,658
6.4%
Sales of Assets -$68,937
Other Income $5,207
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,387,096
61.2%
Compensation of Officers* $446,493
11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,017,270
Total Liabilities $229,764
Net Assets $17,787,506
Compensation
Key Employees and Officers Compensation Other
Janna Beling (Director, Exec, President) $112,500 $10,199
Michael Spurgeon (Director, Exec, Vice President) $82,501 $3,172
Jennifer Mills (Cfo) $69,150 $32
Mary Jane Ciccarello (Director) $67,625 $1,093
Roubina Movsessian (Admin Asst/Bookkeepe) $52,013 $0
Kristen Beling (Director, Secretary) $51,250 $5,128
Andrew Dwight Hotchkiss (Director) $22,500 $0
Stephen Spurgeon (Director) $20,000 $1,343

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,618,770
Expenses
$3,119,237
Net Income
-$500,467
Net Assets
$17,804,179
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $72,386
2.8%
Interest Revenue $785
0.0%
Dividends $188,830
7.2%
Sales of Assets $590,074
22.5%
Other Income -$10,518
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,554,006
49.8%
Compensation of Officers* $426,144
13.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,033,943
Total Liabilities $229,764
Net Assets $17,804,179
Compensation
Key Employees and Officers Compensation Other
Janna Beling (Director, Exec, President) $112,500 $618
Michael Spurgeon (Director, Exec, Vice President) $82,501 $0
Jennifer Mills (Cfo) $69,150 $0
Mary Jane Ciccarello (Director) $67,625 $0
Roubina Movsessian (Admin Asst/Bookkeepe) $52,058 $0
Kristen Beling (Director, Secretary) $51,250 $0
Andrew Dwight Hotchkiss (Director) $22,500 $0
Stephen Spurgeon (Director) $20,000 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,951,277
Expenses
$2,181,102
Net Income
-$229,825
Net Assets
$18,306,225
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $220,880
11.3%
Dividends $152,660
7.8%
Sales of Assets $223,354
11.4%
Other Income $10,123
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,311,753
60.1%
Compensation of Officers* $227,054
10.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,443,543
Total Liabilities $137,318
Net Assets $18,306,225
Compensation
Key Employees and Officers Compensation Other
Jennifer Mills (Cfo) $59,950 $0
Janna Beling (Director, Exec, Vp/ President) $55,000 $0
Roubina Movsessian (Admin Asst/Bookkeepe) $54,004 $0
Michael Spurgeon (Director, Exec, Vice President) $42,504 $0
Kristen Beling (Director, Secretary) $31,500 $0
Edward D Spurgeon (Director/President Until April 2020) $15,750 $0
Stephen Spurgeon (Director) $15,000 $0
Kerry Hannawell (Former Cfo) $7,350 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,675,102
Expenses
$2,560,164
Net Income
$114,938
Net Assets
$18,491,642
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $364,894
13.6%
Dividends $150,906
5.6%
Sales of Assets $230,423
8.6%
Other Income $50,866
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,472,851
57.5%
Compensation of Officers* $233,954
9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,708,719
Total Liabilities $217,077
Net Assets $18,491,642
Compensation
Key Employees and Officers Compensation Other
Kerry Hannawell (Cfo) $86,450 $0
Roubina Movsessian (Admin Asst/Bookkeepe) $53,996 $0
Janna Beling (Director, Exec, Vice President) $43,000 $0
Michael Spurgeon (Director, Exec, Vice President) $33,004 $0
Kristen Beling (Director) $31,500 $0
Edward D Spurgeon (Director/President) $25,000 $0
Stephen Spurgeon (Director) $15,000 $0

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,056,261
Expenses
$2,087,851
Net Income
$968,410
Net Assets
$18,376,704
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $350,878
11.5%
Dividends $181,995
6.0%
Sales of Assets $786,684
25.7%
Other Income $64,804
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,442,518
69.1%
Compensation of Officers* $207,294
9.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,376,704
Total Liabilities $0
Net Assets $18,376,704
Compensation
Key Employees and Officers Compensation Other
Kerry Hannawell (Cfo) $49,000 $0
Janna Beling (Director, Exec, Vice President) $39,042 $4,495
Kristen Beling (Director) $28,625 $6,227
Edward D Spurgeon (Director/President) $26,750 $0
Michael Spurgeon (Director, Exec, Vice President) $26,544 $2,401
Heidi Galke Aug Dec 2017 (Director, Secretary, Cfo) $22,500 $0
Stephen Spurgeon (Director) $14,833 $363

Document Links

Fiscal Year Ending July
2017

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,118,356
Expenses
$2,002,242
Net Income
$116,114
Net Assets
$17,234,014
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $320,509
15.1%
Dividends $158,546
7.5%
Sales of Assets $0
Other Income $31,893
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,579,099
78.9%
Compensation of Officers* $170,500
8.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,234,014
Total Liabilities $0
Net Assets $17,234,014

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,497,610
Expenses
$2,041,576
Net Income
$2,456,034
Net Assets
$17,113,065
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $30,404
0.7%
Dividends $115,802
2.6%
Sales of Assets $2,403,658
53.4%
Other Income $19,766
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,454,437
71.2%
Compensation of Officers* $162,500
8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,113,065
Total Liabilities $0
Net Assets $17,113,065

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,967,164
Expenses
$1,817,493
Net Income
$149,671
Net Assets
$10,337,435
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $39,754
2.0%
Dividends $110,812
5.6%
Sales of Assets $16,140
0.8%
Other Income $5,000
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,211,682
66.7%
Compensation of Officers* $175,000
9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,337,435
Total Liabilities $0
Net Assets $10,337,435

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,962,631
Expenses
$1,858,261
Net Income
$104,370
Net Assets
$10,184,331
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $41,386
2.1%
Dividends $134,883
6.9%
Sales of Assets $0
Other Income $946
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,215,780
65.4%
Compensation of Officers* $197,500
10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,184,331
Total Liabilities $0
Net Assets $10,184,331

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,950,838
Expenses
$1,976,583
Net Income
-$25,745
Net Assets
$10,121,897
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $42,292
2.2%
Dividends $148,014
7.6%
Sales of Assets $0
Other Income $17,448
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,403,201
71.0%
Compensation of Officers* $198,500
10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,121,897
Total Liabilities $0
Net Assets $10,121,897

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,930,670
Expenses
$1,967,789
Net Income
-$37,119
Net Assets
$10,150,768
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $44,645
2.3%
Dividends $146,212
7.6%
Sales of Assets $19
0.0%
Other Income $16,466
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,300,896
66.1%
Compensation of Officers* $171,000
8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,150,768
Total Liabilities $0
Net Assets $10,150,768

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2001

No Extracted Financial Data

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

Document Links

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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