Nonprofit · EIN 01-0522171
BORMAN FAMILY FOUNDATION
Tax-exempt · OAKLAND, ME 04963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $851,487 | $483,515 | $367,972 | $11,092,289 | $0 | $11,092,289 |
| July 31, 2024 | 990-PF | $133,098 | $461,991 | -$328,893 | $10,555,637 | $0 | $10,555,637 |
| July 31, 2023 | 990-PF | $710,911 | $531,637 | $179,274 | $9,767,566 | $0 | $9,767,566 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Dividends
- $48,735
- Interest
- $10
- Net gain from sales of assets
- $661,050
- Other income
- $141,692
Expenses
- Grants and similar amounts paid
- $420,000
- Compensation of officers, directors and key employees
- $32,000
- Disbursements for charitable purposes
- $454,644
- Excise tax on investment income
- $11,449
Balance sheet and other
- Total assets, start of year
- $10,555,637
- Total assets, end of year
- $11,092,289
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,092,289
- Fair market value of assets
- $11,092,289
- Qualifying distributions
- $454,644
- Net investment income
- $852,528
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Metzdorff 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Vice President | 6 | $10,000 |
| Kate Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | President | 6.5 | $6,000 |
| Donald Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Treasurer/Secretary | 8 | $6,000 |
| Matthew Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $3,000 |
| Megan Proctor 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $3,000 |
| Adam Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Robert Borman Jr 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
990-PF for the year ended July 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Metzdorff 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Vice President | 6 | $10,000 |
| Donald Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Treasurer/Secretary | 8 | $8,000 |
| Kate Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | President | 6.5 | $6,000 |
| Adam Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Matthew Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Robert Borman Jr 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Megan Proctor 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
990-PF for the year ended July 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Metzdorff 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Vice President | 6 | $10,000 |
| Donald Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Treasurer/Secretary | 8 | $7,000 |
| Adam Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Matthew Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Robert Borman Jr 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Megan Proctor 166 Old Waterville Road Suite 3, Oakland, ME 04963 | Associate Director | 0.5 | $2,000 |
| Kate Borman 166 Old Waterville Road Suite 3, Oakland, ME 04963 | President | 6.5 | $2,000 |
Address and contacts
- Address (IRS master file)
- 166 OLD WATERVILLE ROAD, OAKLAND, ME 04963-5373
- In care of
- % DONALD B BORMAN
- Signed the 990-PF
- Donald Borman, Treasurer/Secretary
- Phone
- (207) 465-7638
- Return prepared by
- BAKER NEWMAN & NOYES
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 01-0522171
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1999
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $11,092,289
- Income (IRS master file)
- $1,726,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $851,487 | $483,515 | $11,092,289 | XML |
| 990-PF | July 2024 | $133,098 | $461,991 | $10,555,637 | XML |
| 990-PF | July 2023 | $710,911 | $531,637 | $9,767,566 | XML |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0522171).
Questions about BORMAN FAMILY FOUNDATION
- What is the EIN of BORMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of BORMAN FAMILY FOUNDATION is 01-0522171.
- Is BORMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BORMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BORMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BORMAN FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BORMAN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of BORMAN FAMILY FOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 7 people; 7 received compensation from the organization, the highest $10,000 (Barbara Metzdorff, Vice President).
- How much revenue does BORMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $851,487, expenses of $483,515 and total assets of $11,092,289 at year end.
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