John Borbonus Memorial Foundationinc
- Assets
- $22.8m
- Revenue
- $992.3k
- Investments
- $20.2m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-0152973
Organization Overview
John Borbonus Memorial Foundationinc is located in Boise, ID. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Borbonus Memorial Foundationinc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, John Borbonus Memorial Foundationinc generated $992.3k in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 130.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, John Borbonus Memorial Foundationinc has awarded 40 individual grants totaling $3,389,368. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT ATHLETIC AND EDUCATIONAL PROGRAMS FOR YOUNG PEOPLE INVOLVED IN YOUTH SPORTS, WITH AN EMPHASIS ON THOSE INDIVIDUALS OR PROGRAMS INVOLVING THE GAME OF GOLF AND TO PROVIDE SUPPORT AND PROMOTE THE EDUCATION, HEALTH, OR OTHER WELL-BEING FOR VETERANS OF THE US MILITARY, WITH AN EMPHASIS ON THOSE PROGRAMS WHICH AID VETERANS WHO SERVED IN THE IRAQ CONFLICT. THE FOUNDATION ALSO SEEKS TO SUPPORT AND PROMOTE PROGRAMS CENTERED ON THE EDUCATION OR ENJOYMENT OF HORTICULTURAL, BOTANICAL, OR ARBOREAL NATURAL SPACES, OPEN TO THE GENERAL PUBLIC. THE FOUNDATION WILL PROVIDE FINANCIAL GRANTS FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND WHICH ARE NOT PRIVATE FOUNDATIONS DEFINED UNDER SECTION 509 OF THE CODE. PLEASE SEE PART XIV FOR A FULL LIST OF GRANTS PAID BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cordell Chigbrow Treasurer | 5 | $0 | |
Gerhard Borbonus President | 2 | $0 | |
Royce Chigbrow Director | 2 | $0 | |
Carey Mcneal Vice Preside | 2 | $0 | |
Ron Sali Director | 2 | $0 | |
Hayward Sawyer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,280 |
| Interest on Savings | $394,886 |
| Dividends & Interest | $114,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,263 |
| Capital Gain Net Income | $58,263 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $395,522 |
| Total Revenue | $992,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,002 |
| Total operating and administrative expenses | $86,092 |
| Contributions, gifts, grants paid | $1,042,700 |
| Total expenses and disbursements | $1,128,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,675 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,369,259 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,415,272 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,804,894 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John Borbonus Memorial Foundationinc has awarded $1,042,700 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CLASSICAL SCHOOL OF IDAHO PURPOSE: EDUCATION AND VETERAN SUPPORT | $130,000 |
IDAHO GOVERNORS CUP PURPOSE: EDUCATION-SCHOLARSHIPS | $21,200 |
BOISE STATE UNIVERSITY PURPOSE: MEN/WOMEN ATHLETICS | $40,000 |
BOISE RESCUE MISSION PURPOSE: GENERAL SUPPORT-VETERANS PROGRAMS | $50,000 |
AMERICAN GIFT FUND PURPOSE: GENERAL SUPPORT | $202,000 |
IVAL BRAVEHEARTS PURPOSE: GEN SUPPORT-VETERANS PROGRAMS | $11,500 |