Borman Brothers Foundation
- Assets
- $161.0
- Revenue
- $26.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Alton, IL
- Founding
- Data as of
- 01/2024
- EIN
- 88-1518651
Organization Overview
Borman Brothers Foundation is located in Alton, IL. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borman Brothers Foundation 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 01/2024, Borman Brothers Foundation generated $26.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $27.6k during the year ending 01/2024. While expenses have increased by 14.5% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
BORMAN BROTHERS BASH & BENEFIT - JUNE 10, 2023 TOTAL REVENUE OF $25,071 COLLECTED THROUGH DONATIONS RECEIVED OR T-SHIRT SALES FOR BACKSTOPPERS, INC AND CRISIS FOOD CENTER
LFOW - DECEMBER 16, 2023 TOTAL REVENUE OF $5,461 COLLECTED FOR THE BOYS & GIRLS CLUB OF ALTON
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew G Borman Director | 2 | $0 | |
Thomas Borman Director | 2 | $0 | |
Timothy Borman Director | 2 | $0 | |
Scott Borman Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,470 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $5,475 |
| Other Income | $0 |
| Total Revenue | $26,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $675 |
| Total operating and administrative expenses | $675 |
| Contributions, gifts, grants paid | $26,961 |
| Total expenses and disbursements | $27,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $161 |
| 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, Borman Brothers Foundation has awarded $26,961 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BACKSTOPPERS INC PURPOSE: GENERAL DONATION | $696 |
CRISIS FOOD CENTER PURPOSE: GENERAL DONATION | $20,895 |
BOYS & GIRLS CLUB OF ALTON PURPOSE: GENERAL DONATION | $5,370 |