2026-09-08T14:36:50-05:00 2025-12-31 934792291 SORREN INC 90 S CASCADE AVE SUITE 700 COLORADO SPRINGS CO 80903 990PF 2025-01-01 841236286 BORGEN FAMILY FOUNDATION BORG 3033947902 3033 E 1ST AVE STE 415 DENVER CO 802065604 BJORN K BORGEN PRESIDENT 3033947902 2026-09-01 1 DOREEN MERZ P00841439 7196301186 2026-09-01 2025 X 42299070 X 0 X 22 588521 588521 -18826 492719 0 177234 177234 746951 765755 0 0 0 7502 3750 3752 15149 149 0 211621 211621 0 234272 215520 3752 1772000 1772000 2006272 215520 1775752 -1259321 550235 2190 3278655 1076518 1076518 12292183 13125746 38659111 62439 62439 97695 2214681 2207577 2359583 0 106163 106163 17850148 16578443 42299070 22047 9663 22047 9663 X 0 0 0 0 17828101 16568780 17828101 16568780 17850148 16578443 17828101 -1259321 0 16568780 0 16568780 BOK FINANCIAL P 2022-01-21 2025-02-24 57 42 15 15 NOTHERN TRUST COMPANY P 2025-09-24 2025-11-05 485714 511503 -25789 -25789 ARROWMARK CRE STRUCTURED P 2024-01-01 2025-12-31 6948 6948 6948 -18826 7648 0 7648 0 7648 42034 0 0 0 42034 0 34386 34386 0 0 0 0 0 0 0 0 0 0 0 0 1 CO 1 0 0 0 0 1 NA THE BORGEN FAMILY FOUNDATION 3033947902 3033 E 1ST AVE 415 DENVER CO 802065604 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BJORN K BORGEN 3033 E 1ST AVE STE 415 DENVER CO 80206 PRESIDENT 1.00 0 0 0 NONE 0 NONE 0 0 34954884 3039388 2359583 40353855 0 0 40353855 605308 39748547 1987427 1987427 7648 7648 1979779 0 1979779 0 1979779 1775752 0 1775752 1979779 1708269 0 0 1775752 1708269 0 0 67483 0 0 0 0 0 0 0 0 1912296 0 0 0 BJORN K BORGEN X AMERICAN RIVERS 1101 14TH STREET NW STE 1400 WASHINGTON DC 20005 NONE PC CHARITY 25000 BETTY FORD ALPINE GARDENS 522 SOUTH FRONTAGE ROAD EAST VAIL CO 81657 NONE PC CHARITY 50000 COLORADO MOUNTAIN COLLEGE 802 GRAND AVE GLENWOOD SPRINGS CO 81601 NONE PC CHARITY 50000 COLORADO OPEN LANDS 1546 COLE BLVD LAKEWOOD CO 80401 NONE PC CHARITY 5000 COLORADO SNOWSPORTS MUSEUM 231 S FRONTAGE ROAD EAST VAIL CO 81657 NONE PC CHARITY 5000 COLORADO SUCCEEDS 720 17TH ST SUITE 950 DENVER CO 80202 NONE PC CHARITY 15000 COMMUNITY BUILDERS PO BOX 3128 GLENWOOD SPRINGS CO 81602 NONE PC CHARITY 25000 DEERFIELD ACADEMY PO BOX 306 DEERFEILD MA 01342 NONE PC CHARITY 20000 DENVER BOTANIC GARDENS 909 YORK ST DENVER CO 80206 NONE PC CHARITY 125000 DENVER CHILDREN'S HOME 1501 ALBION ST DENVER CO 80220 NONE PC CHARITY 10000 EAGLE VALLEY LAND TRUST PO BOX 3016 EDWARDS CO 81632 NONE PC CHARITY 27000 GRALAND COUNTRY DAY SCHOOL 55 CLERMONT ST DENVER CO 80220 NONE PC CHARITY 35000 HIGH COUNTRY NEWS PO BOX 3128 PAONIA CO 81428 NONE PC CHARITY 15000 KIPP COLORADO SCHOOLS 1390 LAWRENCE ST 200 DENVER CO 80204 NONE PC CHARITY 10000 LLIFF SCHOOL OF THEOLOGY 2323 LLIFF AVE DENVER CO 80210 NONE PC CHARITY 5000 MIDDLEBURY COLLEGE 700 EXCHANGE ST MIDDLEBURY VT 05753 NONE PC CHARITY 7000 PROCTOR ACADEMY PO BOX 389 ANDOVER NH 03216 NONE PC CHARITY 15000 RACHEL'S NETWORK 1250 24TH ST NW SUITE 610 WASHINGTON DC 20037 NONE PC CHARITY 10000 ROCKY MOUNTAIN LAND LIBRARY 1536 WYNKOOP ST SUITE 906 DENVER CO 80202 NONE PC CHARITY 30000 ROCKY MOUNTAIN REPERTORY THEATRE PO BOX 1682 GRAND LAKE CO 80477 NONE PC CHARITY 10000 ROUNDUP RIVER RANCH 8333 COLORADO RIVER RD GYPSUM CO 81637 NONE PC CHARITY 25000 SCHOOL DISTRICT OF ELEVA-STRUM W23597 US HIGHWAY 10 STRUM WI 54770 NONE PC CHARITY 34000 SKI AND SNOWBOARD CLUB VAIL 598 VAIL VALLEY DRIVE VAIL CO 81657 NONE PC CHARITY 132500 SONORAN INSTITUTE 5049 E BROADWAY BLVD SUITE 127 TUCSON AZ 85711 NONE PC CHARITY 20000 STUDENTS SHOULDER TO SHOULDER PO BOX 4814 EDWARDS CO 81632 NONE PC CHARITY 52000 TEACH FOR AMERICA COLORADO 1312 17TH ST UNIT 2358 DENVER CO 80202 NONE PC CHARITY 15000 THE CYCLE EFFECT PO BOX 1503 EAGLE CO 81631 NONE PC CHARITY 55000 THE NATURE CONSERVANCY 2424 SPRUCE ST BOULDER CO 80302 NONE PC CHARITY 30000 TRUSTEES OF DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER NH 037554400 NONE PC CHARITY 500 UNIVERSITY OF DENVER 2199 S UNIVERSITY BLVD DENVER CO 80210 NONE PC CHARITY 4000 UNIVERSITY OF OREGON FOUNDATION 1720 E 13TH AVE SUITE 410 EUGENE OR 97403 NONE PC CHARITY 5000 VAIL HEALTH FOUNDATION PO BOX 1529 VAIL CO 81658 NONE PC CHARITY 650000 VAIL MOUNTAIN SCHOOL 3000 BOOTH FALLS RD VAIL CO 81657 NONE PC CHARITY 32500 VAIL VALLEY FOUNDATION PO BOX 6550 AVON CO 81620 NONE PC CHARITY 30000 VAIL VALLEY SOCCER CLUB PO BOX 2728 EDWARDS CO 81632 NONE PC CHARITY 500 VAIL VETERANS PROGRAM PO BOX 6473 VAIL CO 81658 NONE PC CHARITY 10000 WALKING MOUNTAINS SCIENCE CENTER PO BOX 9469 AVON CO 81620 NONE PC CHARITY 67000 YOUTH ON RECORD 1301 W 10TH AVE DENVER CO 80204 NONE PC CHARITY 5000 FOOD BANK OF THE ROCKIES 10700 E 45TH AVE DENVER CO 80239 NONE PC CHARITY 10000 NORWEGIAN AMERICAN HISTORICAL ASSOCIATION 1510 ST OLAF AVE NORTHFIELD MN 55057 NONE PC CHARITY 65000 THE COLORADO SUN 2101 ARAPAHOE ST 3RD FLOOR DENVER CO 80205 NONE PC CHARITY 10000 WESTERN COLORADO COMMUNITY FOUNDATION 128 N 5TH ST GRAND JUNCTION CO 81501 NONE PC CHARITY 25000 1772000 0 14 22 14 588521 18 -18826 ARROWMARK V 14 39591 ARROWMARK GO FUND IV 14 125393 ARROWMARK GOF II 14 13873 ARROWMARK CRE STRUCTURED 01 -1623 0 746951 0 746951 0 0 0 0 0 0 0 0 0 0 BANK FEES 7502 3750 3752 NORTHERN TRUST SECURITIES CORPORATE BOND 62439 97695 NORTHERN TRUST SECURITIES CORPORATE STOCK 13125746 38659111 ARROWMARK CRE STRUCTURED FIN F AT COST 264717 397385 ARROWMARK GLOBAL OPP FD II AT COST 53991 148 ARROWMARK GLOBAL OPP FD IV AT COST 1224946 1276153 ARROWMARK GLOBAL OPP FD V AT COST 663923 685897 DEPOSITS IN TRANSIT 0 106163 106163 INVESTMENT MANAGEMENT FEES 211621 211621 0 ARROWMARK V 39591 39591 39591 ARROWMARK GO FUND IV 125393 125393 125393 ARROWMARK GOF II 13873 13873 13873 ARROWMARK CRE STRUCTURED -1623 -1623 -1623 PAYMENTS IN TRANSIT 22047 9663 FOREIGN TAXES PAID 149 149 0 FEDERAL TAXES PAID 15000 0 0