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Nonprofit · EIN 38-6058645

TOM & SARAH BORMAN FOUNDATION

Tax-exempt · BIRMINGHAM, MI 48009

Financials

$58K$126K2022$51K$115K2023$52K$228K2024
Revenue Expenses · by fiscal year end
Financials of TOM & SARAH BORMAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
November 30, 2025990-PF$51,775$228,132-$176,357$989,447$0$989,447
November 30, 2024990-PF$51,246$114,825-$63,579$1,165,804$0$1,165,804
November 30, 2023990-PF$57,689$125,889-$68,200$1,229,557$174$1,229,383
Financial details: 990-PF for the year ended November 30, 2025

Revenue

Dividends
$47,696
Interest
$4,079

Expenses

Grants and similar amounts paid
$226,300
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$226,870
Excise tax on investment income
$712

Balance sheet and other

Total assets, start of year
$1,165,804
Total assets, end of year
$989,447
Total liabilities, end of year
$0
Net assets, end of year
$989,447
Fair market value of assets
$2,652,456
Qualifying distributions
$226,870
Net investment income
$51,775

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 November 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOHANNA BORMAN
719 MAPLE HILL LANE, BIRMINGHAM, MI 48009
VICE PRESIDENT1$0
PAUL D BORMAN
719 MAPLE HILL LANE, BIRMINGHAM, MI 48009
PRESIDENT1$0
STEPHEN GLAZEK
333 W FORT STREET SUITE 1200, DETROIT, MI 48226
DIRECTOR0.25$0
990-PF for the year ended November 30, 2024: 3 people
NameTitleHours / weekCompensation
JOHANNA BORMAN
719 MAPLE HILL LANE, BIRMINGHAM, MI 48009
VICE PRESIDENT1$0
PAUL D BORMAN
719 MAPLE HILL LANE, BIRMINGHAM, MI 48009
PRESIDENT1$0
TODD MENDEL
333 W FORT STREET SUITE 1200, DETROIT, MI 48226
DIRECTOR0.25$0
990-PF for the year ended November 30, 2023: 3 people
NameTitleHours / weekCompensation
JOHANNA BORMAN
719 MAPLE HILL LANE, BIRMINGHAM, MI 48009
VICE PRESIDENT1$0
PAUL D BORMAN
719 MAPLE HILL LANE, BIRMINGHAM, MI 48009
PRESIDENT1$0
TODD MENDEL
333 W FORT STREET SUITE 1200, DETROIT, MI 48226
DIRECTOR0.25$0

Address and contacts

Address (IRS master file)
719 MAPLE HILL LN, BIRMINGHAM, MI 48009-1675
Signed the 990-PF
PAUL D BORMAN, PRESIDENT
Phone
(248) 642-3179
Return prepared by
GRANT MILLMAN & JOHNSON PC

What it must file and when

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

Tax yearYear endedDueIRS public records
2024November 30, 2025April 15, 2026990-PF on file
2023November 30, 2024April 15, 2025990-PF on file
2022November 30, 2023April 15, 2024990-PF on file

IRS record

EIN
38-6058645
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
1958
Accounting year ends
November
Files
Form 990-PF
Assets (IRS master file)
$989,447
Income (IRS master file)
$51,775

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFNovember 2025$51,775$228,132$989,447XML
990-PFNovember 2024$51,246$114,825$1,165,804XML
990-PFNovember 2023$57,689$125,889$1,229,557XML
990-PFNovember 2022–––IRS
990-PFNovember 2021–––IRS
990-PFNovember 2020–––IRS
990-PFNovember 2018–––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 38-6058645).

Questions about TOM & SARAH BORMAN FOUNDATION

What is the EIN of TOM & SARAH BORMAN FOUNDATION?
The employer identification number (EIN) of TOM & SARAH BORMAN FOUNDATION is 38-6058645.
Is TOM & SARAH BORMAN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
Are donations to TOM & SARAH BORMAN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TOM & SARAH BORMAN FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of TOM & SARAH BORMAN FOUNDATION due?
The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TOM & SARAH BORMAN FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended November 2025.
Who are the officers and directors of TOM & SARAH BORMAN FOUNDATION?
The 990-PF for the year ended November 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does TOM & SARAH BORMAN FOUNDATION have?
On its 990-PF for the year ended November 30, 2025 it reported revenue of $51,775, expenses of $228,132 and total assets of $989,447 at year end.

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