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Filing year 2024

The Borman Family Foundation

Oakland, Maine·EIN 01-0522171·NTEE T99 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$851k
Total assets
$11.1M
Total expenses
$484k
Reported officers
7

Executive compensation

Form 990-PF · Part VIII · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

Vice President
Board Vice President
25th percentile to median
$10k
$11k
President
Board President
10th to 25th percentile
$6k
$6k
Treasurer/secretary
Board Treasurer
25th percentile to median
$6k
$6k
Associate Director
Unclassified
$3k
$3k
Associate Director
Unclassified
$3k
$3k
Associate Director
Unclassified
$2k
$2k
Associate Director
Unclassified
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at The Borman Family Foundation equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$420k

Itemized grants

46

Median grant

$7k

RecipientLocationPurposeAmount
Melanoma Research FoundationWashington, DC$14,500 research support; $25,000 team science award$40k
Darien Nature CenterDarien, CTAnimal Room capital campaign$30k
Alzheimer's' AssociationChicago, ILPreventative research$25k
Friends of Yogi IncLittle Falls, NJGreatest Catch campaign$25k
Project ALSNew York, NYResearch$25k
Earlham CollegeRichmond, INf/b/o Moore Museum$18k
Darien EMS Post 53 IncDarien, CTMega Code Kelly simulator$15k
Kennebec Valley Community CollegeFairfield, ME$4,000 culinary program; $10,000 baseball/softball endowments$14k
Alfond Youth CenterWaterville, MECamp Tracey capital campaign$12k
Mercy Hospital FoundationDurango, COOncology library for patients$12k
St Anthony Health Foundation & Flight for LifeLakewood, COTraining equipment/rescue equipment$12k
North Pond AssociationSmithfield, MEGeneral funding$12k
Colby CollegeWaterville, ME$5,000 Colby cares about Kids program; $6,000 athletic program$11k
Central Maine CollaborativeWaterville, MEEconomic development$10k
Grand Strand Miracle LeagueMyrtle Beach, SCGeneral operating support$10k
Town of Darien Firefighters FoundationDarien, CTContribution towards hazmat trailer$10k
Delores River Boating AdvocatesDolores, COSummer camp river program$8k
Friends of Wehr Nature CenterFranklin, WIKids in the Park program$8k
GOALS Youth River ExpeditionsEvergreen, COOffice equipment upgrade$8k
San Juan Mountains AssociationDurango, CONature studies programming and materials$8k
Western Kenosha County Tennis AssociationSalem, WISummer tennis program materials$8k
Lifeflight of MaineAugusta, MEEmergency services$7k
Northern Light Eastern Maine Medical CenterBangor, MEChildren's Miracle Network (NICU)$7k
Town of OaklandOakland, ME$5,000 land improvement and development; $2,000 rescue equipment$7k
The Somerset County Park FoundationNorth Branch, NJBiodiversity tanks$6k
Compare this foundation's grantees

Held roughly steady
over 2 years

From $10k in 2022 to $10k in 2024.

$10k
2022
$10k
2023
$10k
2024
In today's dollarsEst.
Down 6% in real terms$12k to $11k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Vice President pay held roughly steady from 2022 to 2024, while revenue rose 20%.

$10k in 2022 to $10k in 2024.
  • Board Treasurer pay fell 14% from 2022 to 2024.
  • Board President pay rose 200% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about The Borman Family Foundation

What does the Board Vice President of The Borman Family Foundation earn?

In 2024, the Board Vice President of The Borman Family Foundation received $10,000 in total compensation. This pay is below the median (the midpoint) for Board Vice President roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Vice President pay at The Borman Family Foundation compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Board Vice President at The Borman Family Foundation falls between the 25th percentile and the median. In 2024, the highest total compensation at The Borman Family Foundation equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are The Borman Family Foundation's revenue and expenses?

In 2024, The Borman Family Foundation reported $851k in total revenue and $484k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.