BORGEN FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BORGEN FAMILY FOUNDATION (EIN 84-1236286)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-14
- IRS object ID
- 202401669349100015
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-14T12:03:19-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8181 E TUFTS AVE SUITE 600 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80237 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841236286 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BORGEN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BORG | BusinessNameControlTxt |
| Phone | 3033947902 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 E 1ST AVE STE 415 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 802065604 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BJORN K BORGEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3033947902 | PhoneNum |
| Signature | 2024-06-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BJORN | PersonFirstNm |
| Person Last | BORGEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SAMUEL YSUSI | PreparerPersonNm |
| PTIN | P01474736 | PTIN |
| Phone | 3037409400 | PhoneNum |
| Preparation | 2024-06-06 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $33,490,007 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,901,850 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $855,809 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $855,809 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,926,197 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,027,562 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,926,197 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $5,683,856 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,782,006 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $250 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $250 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $5,810 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $5,810 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $16,134 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $16,134 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $55,597 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $597 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $201,580 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $201,580 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $279,621 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $224,371 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $250 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,403,333 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,403,333 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,682,954 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $224,371 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,403,583 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,000,902 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,557,635 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $62,205 | CashBOYAmt |
| Cash EOY | $72,402 | CashEOYAmt |
| Cash EOYFMV | $72,402 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,165,472 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,143,503 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,143,503 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $10,237,131 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,240,143 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,226,630 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,043,260 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $62,439 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $98,085 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $689,329 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,031,257 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,037,139 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $987,970 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,912,248 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,912,248 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $17,185,367 | TotalAssetsBOYAmt |
| Total Assets EOY | $18,461,992 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $33,490,007 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $35,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $35,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $17,185,367 | RetainedEarningBOYAmt |
| Retained Earning EOY | $18,426,992 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $17,185,367 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $18,426,992 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $17,185,367 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $18,461,992 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $17,185,367 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,000,902 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $21,186,269 | SubtotalAmt |
| Other Decreases | $2,759,277 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $18,426,992 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $3,027,562 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,101,365 | CostOrOtherBasisAmt |
| Gain Or Loss | $1,926,197 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $1,926,197 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,926,197 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $35,551 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $35,551 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $35,551 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,840 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $11,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $53,840 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $18,289 | OverpaymentAmt |
| Applied To ES Tax | $18,289 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | NA | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BORGEN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3033947902 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 E 1ST AVE STE 415 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 802065604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BJORN K BORGEN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 E 1ST AVE STE 415 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80206 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | PRESIDENT | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 0.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $27,938,530 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $51,614 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,286,391 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $29,276,535 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $29,276,535 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $439,148 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,837,387 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,441,869 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,441,869 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $35,551 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $35,551 | TotalTaxAmt |
| Distributable Before Adj | $1,406,318 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,406,318 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,406,318 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,403,583 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,403,583 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,406,318 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,396,986 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,403,583 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,396,986 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,597 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,399,721 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BJORN K BORGEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (36 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN RIVERS | |||||||
| 1101 14TH STREET NW STE 1400 | WASHINGTON | DC | 20005 | NONE | PUBLIC CHARITY | CHARITY | $25,000 |
| BETTY FORD ALPINE GARDENS | |||||||
| 522 S FRONTAGE RD E | VAIL | CO | 81657 | NONE | PUBLIC CHARITY | CHARITY | $65,000 |
| COLORADO MOUNTAIN COLLEGE FOUNDATION | |||||||
| 802 GRAND AVE | GLENWOOD SPRINGS | CO | 81601 | NONE | PUBLIC CHARITY | CHARITY | $50,000 |
| COLORADO SNOWSPORTS MUSEUM & HALL OF FAME | |||||||
| 231 S FRONTAGE RD E | VAIL | CO | 81657 | NONE | PUBLIC CHARITY | CHARITY | $5,500 |
| COLORADO SUCCEEDS | |||||||
| 8200 SHAFFER PARKWAY 271432 | LITTLETON | CO | 80127 | NONE | PUBLIC CHARITY | CHARITY | $15,000 |
| COMMUNITY BUILDERS | |||||||
| 817 COLORADO AVE STE 200 | GLENWOOD SPRINGS | CO | 81601 | NONE | PUBLIC CHARITY | CHARITY | $15,000 |
| CYCLE EFFECT | |||||||
| PO BOX 1503 | EAGLE | CO | 81631 | NONE | PUBLIC CHARITY | CHARITY | $87,500 |
| DARTMOUTH SKIING | |||||||
| 39 GRAFTON TUMPIKE RD | LYME CENTER | NH | 03769 | NONE | PUBLIC CHARITY | CHARITY | $1,000 |
| DENVER BOTANIC GARDENS - CHATFIELD | |||||||
| 1007 YORK ST | DENVER | CO | 80206 | NONE | PUBLIC CHARITY | CHARITY | $125,000 |
| DENVER CHILDREN'S HOME | |||||||
| 1501 ALBION ST | DENVER | CO | 80220 | NONE | PUBLIC CHARITY | CHARITY | $5,000 |
| EAGLE VALLEY LAND TRUST | |||||||
| PO BOX 3016 | EDWARDS | CO | 81632 | NONE | PUBLIC CHARITY | CHARITY | $140,000 |
| ELEVA-STRUM SCHOLARSHIP | |||||||
| W23597 US HWY 10 | STRUM | WI | 54770 | NONE | PUBLIC CHARITY | CHARITY | $50,000 |
| GRALAND COUNTRY DAY SCHOOL | |||||||
| 55 CLERMONT ST | DENVER | CO | 80220 | NONE | PUBLIC CHARITY | CHARITY | $25,000 |
| HIGH COUNTRY NEWS | |||||||
| 119 GRAND AVE | PAONIA | CO | 81428 | NONE | PUBLIC CHARITY | CHARITY | $10,000 |
| ILIFF SCHOOL OF THEOLOGY | |||||||
| 2323 E ILIFF AVE | DENVER | CO | 80210 | NONE | PUBLIC CHARITY | CHARITY | $5,000 |
| KIPP COLORADO SCHOOLS | |||||||
| 1390 LAWRENCE STREET STE 200 | DENVER | CO | 80204 | NONE | PUBLIC CHARITY | CHARITY | $10,000 |
| LOVE LIGHT & MELODY | |||||||
| PO BOX 224 | BREVARD | NC | 28712 | NONE | PUBLIC CHARITY | CHARITY | $2,500 |
| MIDDLEBURY COLLEGE | |||||||
| 700 EXCHANGE ST | MIDDLEBURY | VT | 05753 | NONE | PUBLIC CHARITY | CHARITY | $1,500 |
| NATURE CONSERVANCY | |||||||
| 3575 RINGSBY CT 428 | DENVER | CO | 80216 | NONE | PUBLIC CHARITY | CHARITY | $20,000 |
| PROCTOR ACADEMY | |||||||
| 204 MAIN ST | ANDOVER | NH | 03216 | NONE | PUBLIC CHARITY | CHARITY | $2,500 |
| RACHEL'S NETWORK | |||||||
| 1200 18TH ST NW STE 910 | WASHINGTON | DC | 20036 | NONE | PUBLIC CHARITY | CHARITY | $10,000 |
| ROCKY MOUNTAIN LAND LIBRARY | |||||||
| 2550 W 39TH AVE | DENVER | CO | 80211 | NONE | PUBLIC CHARITY | CHARITY | $30,000 |
| ROCKY MOUNTAIN REPERTORY THEATRE | |||||||
| PO BOX 1682 | GRAND LAKE | CO | 804471682 | NONE | PUBLIC CHARITY | CHARITY | $5,000 |
| ROUND UP RIVER RANCH | |||||||
| 8333 COLORADO RIVER RD | GYPSUM | CO | 81637 | NONE | PUBLIC CHARITY | CHARITY | $10,000 |
| SKI & SNOWBOARD CLUB VAIL | |||||||
| 598 VAIL VALLEY DR | VAIL | CO | 81657 | NONE | PUBLIC CHARITY | CHARITY | $30,000 |
| SONORAN INSTITUTE | |||||||
| 100 N STONE AVE STE 400 | TUCSON | AZ | 85701 | NONE | PUBLIC CHARITY | CHARITY | $5,000 |
| STUDENTS SHOULDER-TO-SHOULDER | |||||||
| 3000 BOOTH FALLS RD | VAIL | CO | 81657 | NONE | PUBLIC CHARITY | CHARITY | $54,333 |
| TEACH FOR AMERICA | |||||||
| 1391 SPEER BLVD STE 710 | DENVER | CO | 80204 | NONE | PUBLIC CHARITY | CHARITY | $15,000 |
| UNIVERSITY OF DENVER | |||||||
| 2199 S UNIVERSITY BLVD | DENVER | CO | 80210 | NONE | PUBLIC CHARITY | CHARITY | $1,000 |
| UNIVERSITY OF WISCONSIN | |||||||
| 1220 CAPITOL COURT | MADISON | WI | 53706 | NONE | PUBLIC CHARITY | CHARITY | $100,000 |
| VAIL HEALTH FOUNDATION | |||||||
| PO BOX 1529 | VAIL | CO | 81658 | NONE | PUBLIC CHARITY | CHARITY | $300,000 |
| VAIL MOUNTAIN SCHOOL | |||||||
| 3000 BOOTH FALLS RD | VAIL | CO | 81657 | NONE | PUBLIC CHARITY | CHARITY | $30,000 |
| VAIL VALLEY FOUNDATION | |||||||
| PO BOX 6550 | AVON | CO | 81620 | NONE | PUBLIC CHARITY | CHARITY | $67,500 |
| VAIL VETERANS PROGRAM | |||||||
| PO BOX 6473 | VAIL | CO | 81658 | NONE | PUBLIC CHARITY | CHARITY | $10,000 |
| WALKING MOUNTAINS SCIENCE CENTER | |||||||
| PO BOX 9469 | AVON | CO | 81620 | NONE | PUBLIC CHARITY | CHARITY | $65,000 |
| YOUTH ON RECORD | |||||||
| 1301 W 10TH AVE | DENVER | CO | 80204 | NONE | PUBLIC CHARITY | CHARITY | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,403,333 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $855,809 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,926,197 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,782,006 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,782,006 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| BJORN K BORGEN | ||||||
| 1 | 3033 E 1ST AVE APT NO 415 | DENVER | CO | 80206 | $1,939,150 | Yes (X) |
| BJORN K BORGEN | ||||||
| 2 | 3033 E 1ST AVE APT NO 415 | DENVER | CO | 80206 | $962,700 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | PUBLICLY TRADED SECURITIES | $1,939,150 | 2023-12-28 |
| 2 | PUBLICLY TRADED SECURITIES | $962,700 | 2023-12-29 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEE | CategoryTxt |
| Amt | $500 | Amt |
| Net Investment Income | $250 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $250 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | BOKF #1014 - CORPORATE BONDS | BondNm |
| EOY Book Value | $62,439 | EOYBookValueAmt |
| EOYFMV | $98,085 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | BOKF #1014 - CORPORATE STOCK | StockNm |
| EOY Book Value | $10,240,143 | EOYBookValueAmt |
| EOYFMV | $25,226,630 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ARROWMARK GLOBAL OPP FD II | AT COST | $470,130 | $476,012 |
| ARROWMARK GLOBAL OPP FD IV | AT COST | $1,271,615 | $1,271,615 |
| ARROWMARK CRE STRUCTURED FIN FD | AT COST | $289,512 | $289,512 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| UNSETTLED TRADE RECEIVABLE | $987,970 | $1,923,442 | $1,923,442 |
| ASEET CLEARING | $0 | -$11,194 | -$11,194 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON CONTRIBUTED STOCK | $2,759,114 |
| NON-DEDUCTIBLE EXPENSES FROM PT | $163 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ORDINARY LOSS FROM PASS-THRU | $67,084 | $67,084 | $0 | $0 |
| INVESTMENT MANAGEMENT FEES | $134,496 | $134,496 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYMENTS IN TRANSIT | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $35,000 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $5,810 | Amt |
| Net Investment Income | $5,810 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BJORN K BORGEN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 E 1ST AVE STE 415 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80206 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES PAID | $597 | $597 | $0 | $0 |
| FEDERAL TAXES PAID | $55,000 | $0 | $0 | $0 |
Comments