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Nonprofit · EIN 13-7542229

BOROUGHS FAM FOUNDATION

Also known as TIMOTHY A BOROUGHS ET AL TTEE

Tax-exempt · WESTPORT, CT 06880

Financials

$386K$307K2023$91K$227K2024$286K$50K2025
Revenue Expenses · by fiscal year end
Financials of BOROUGHS FAM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$285,508$50,000$235,508$580,876$0$580,876
December 31, 2024990-PF$90,613$226,860-$136,247$371,658$0$371,658
December 31, 2023990-PF$385,724$307,280$78,444$501,857$0$501,857
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$251,439
Dividends
$8,304
Net gain from sales of assets
$25,765

Expenses

Grants and similar amounts paid
$50,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$50,000
Excise tax on investment income
$474

Balance sheet and other

Total assets, start of year
$371,658
Total assets, end of year
$580,876
Total liabilities, end of year
$0
Net assets, end of year
$580,876
Fair market value of assets
$754,167
Qualifying distributions
$50,000
Net investment income
$34,069

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
TIMOTHY ABOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
PRESIDENT0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
VICE PRESIDENT0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
TREASURER0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
SECRETARY0$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
TIMOTHY ABOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
PRESIDENT0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
VICE PRESIDENT0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
TREASURER0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
SECRETARY0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
TIMOTHY ABOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
PRESIDENT0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
VICE PRESIDENT0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
TREASURER0$0
BARBARA BOROUGHS
7 COMPO PARKWAY, WESPORT, CT 068806507
SECRETARY0$0

Address and contacts

Address (IRS master file)
7 COMPO PKWY, WESTPORT, CT 06880-6507
In care of
% MCLAUGHLIN & STERN LLP
Signed the 990-PF
TIMOTHY BOROUGHS, PRESIDENT
Phone
(215) 772-9600
Return prepared by
HIRSCHHORN & ASSOCIATES

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
13-7542229
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
2007
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$580,876
Income (IRS master file)
$510,656

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$285,508$50,000$580,876IRS
990-PFDecember 2024$90,613$226,860$371,658IRS
990-PFDecember 2023$385,724$307,280$501,857XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––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 13-7542229).

Questions about BOROUGHS FAM FOUNDATION

What is the EIN of BOROUGHS FAM FOUNDATION?
The employer identification number (EIN) of BOROUGHS FAM FOUNDATION is 13-7542229.
Is BOROUGHS FAM FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to BOROUGHS FAM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BOROUGHS FAM FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BOROUGHS FAM FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOROUGHS FAM FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of BOROUGHS FAM FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does BOROUGHS FAM FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $285,508, expenses of $50,000 and total assets of $580,876 at year end.

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