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Filing year 2023

TOM AND SARAH BORMAN FOUNDATION

Birmingham, Michigan·EIN 38-6058645·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$51k
Total assets
$1.2M
Total expenses
$115k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2023. TOM AND SARAH BORMAN FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

President
Vice President
Director

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$113k

Itemized grants

7

Median grant

$1k

RecipientLocationPurposeAmount
JEWISH FEDERATION OF METRO DETROITBLOOMFIELD HILLS, MIGENERAL CHARITABLE PURPOSES$106k
ORCHARDS CHILDRENS SERVICESSOUTHFIELD, MIGENERAL CHARITABLE PURPOSES$2k
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGANDETROIT, MIGENERAL CHARITABLE PURPOSES$1k
GROSSE POINTE ANIMAL ADOPTION SOCIETYHARPER WOODS, MIGENERAL CHARITABLE PURPOSES$1k
HOLOCAUST MEMORIAL CENTERFARMINGTON HILLS, MIGENERAL CHARITABLE PURPOSES$1k
JEWISH WARS VETERANS OF THE USABERKLEY, MIGENERAL CHARITABLE PURPOSES$1k
OAKLAND COMMUNITY COLLEGE FOUNDATIONFARMINGTON HILLS, MIGENERAL CHARITABLE PURPOSES$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

TOM AND SARAH BORMAN FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$58k
$126k
2022
$51k
$115k
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Michigan

TOM AND SARAH BORMAN FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Michigan earns a median of $25,000.

25th percentile
$7k
Median
$25,000
75th percentile
$65k
90th percentile
$147k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 732 organizations across 732 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Michigan
FAQ

Common questions about TOM AND SARAH BORMAN FOUNDATION

What are TOM AND SARAH BORMAN FOUNDATION's revenue and expenses?

In 2023, TOM AND SARAH BORMAN FOUNDATION reported $51k in total revenue and $115k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.