John Borbonus Memorial Foundationinc
- Assets
- $23.9m
- Revenue
- $24.0m
- Investments
- $15.3m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-0152973
Organization Overview
John Borbonus Memorial Foundationinc is located in Boise, ID. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Borbonus Memorial Foundationinc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, John Borbonus Memorial Foundationinc generated $24.0m in total revenue. All expenses for the organization totaled $64.1k during the year ending 12/2021. While expenses have increased by 26.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF THE FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT AND SUPPORT EDUCATION PROGRAMS FOR YOUNG PEOPLE INVOLVED IN THE GAME OF GOLF AND TO PROVIDE SUPPORT AND PROMOTE THE EDUCATION AND HEALTH OF VETERANS WOUNDED IN THE IRAQ CONFLICT. THE FOUNDATION WILL PROVIDE FINANCIAL GRANTS TO OTHER SECTION 501(C)(3) ORGANIZATIONS. PLEASE SEE PART XIV FOR A FULL LIST OF GRANTS PAID BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Royce Chigbrow Treasurer | 2 | $0 | |
Cordell Chigbrow VP / Secreta | 5 | $0 | |
Gerhard Borbonus President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,998,718 |
| Interest on Savings | $160,212 |
| Dividends & Interest | $168,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$501,202 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $165,584 |
| Total Revenue | $23,992,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $327 |
| Total operating and administrative expenses | $11,795 |
| Contributions, gifts, grants paid | $52,334 |
| Total expenses and disbursements | $64,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,450,716 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,307,052 |
| Net Land, buildings, and equipment | $4,960,000 |
| Other assets | $224,906 |
| Total assets | $23,942,674 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John Borbonus Memorial Foundationinc has awarded $52,334 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOISE STATE UNIVERSITY PURPOSE: MEN/WOMEN ATHLETICS | $20,000 |
IVAL BRAVEHEARTS PURPOSE: SUPPORT IDAHO VETERANS | $20,000 |
IDAHO GOVERNORS CUP PURPOSE: SCHOLARSHIPS | $12,000 |
PARTNERSHIP K-1 VARIOUS EXEMPT ORGS PURPOSE: GENERAL SUPPORT | $334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Zions Bancorporation Foundation Salt Lake City, UT | $5,900,087 | $233,506 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Bilinski Educational Foundation Reno, NV | $12,333,809 | $1,097,407 |
The Nu Skin Force For Good Foundation Provo, UT | $3,982,547 | $2,620,205 |
Fulfillment Fund Las Vegas Las Vegas, NV | $10,816,136 | $2,808,590 |
Esther H Ludwig Scholarships Las Vegas, NV | $27,220,908 | $1,601,352 |