Civic Intelligence

Borgen Family Foundation

EIN 84-1236286 • Denver, CO

Pub. 78 Eligible
3033 E 1st Ave Ste 415Denver, CO 80206-5604
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Net Margin

7th percentile

-55%

Higher net margin than 7% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$10M-$25M nonprofits • Source year 2024

Asset Growth

20th percentile

-3.3%

Faster asset growth than 20% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-81%

Faster revenue growth than 2% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$17,850,148

Down $611,844 (-3.3%) from 2023

Liabilities

Down

$22,047

Down $12,953 (-37%) from 2023

Net Assets

Down

$17,828,101

Down $598,891 (-3.3%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin7th percentile

Revenue

Down

$1,087,688

Down $4,596,168 (-81%) from 2023

Expenses

Up

$1,686,579

Up $3,625 (+0.2%) from 2023

Net Income

Down

-$598,891

Down $4,599,793 (-115%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $8,137,110Liabilities 2011: $0Net Assets 2011: $8,137,1102011Assets 2012: $9,710,463Liabilities 2012: $0Net Assets 2012: $9,710,4632012Assets 2013: $11,390,832Liabilities 2013: $10,000Net Assets 2013: $11,380,8322013Assets 2014: $14,106,211Liabilities 2014: $0Net Assets 2014: $14,106,2112014Assets 2015: $15,853,124Liabilities 2015: $0Net Assets 2015: $15,853,1242015Assets 2016: $15,262,795Liabilities 2016: $0Net Assets 2016: $15,262,7952016Assets 2017: $14,830,242Liabilities 2017: $0Net Assets 2017: $14,830,2422017Assets 2018: $14,759,526Liabilities 2018: $0Net Assets 2018: $14,759,5262018Assets 2019: $14,404,051Liabilities 2019: $0Net Assets 2019: $14,404,0512019Assets 2020: $14,100,222Liabilities 2020: $0Net Assets 2020: $14,100,2222020Assets 2021: $14,991,648Liabilities 2021: $0Net Assets 2021: $14,991,6482021Assets 2022: $17,185,367Liabilities 2022: $0Net Assets 2022: $17,185,3672022Assets 2023: $18,461,992Liabilities 2023: $35,000Net Assets 2023: $18,426,9922023Assets 2024: $17,850,148Liabilities 2024: $22,047Net Assets 2024: $17,828,1012024

Highlighted filing

2024

Assets$17,850,148
Liabilities$22,047
Net Assets$17,828,101
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $403,8862011Expenses 2012: $441,2772012Revenue 2013: $2,191,475Expenses 2013: $521,106Net Income 2013: $1,670,3692013Revenue 2014: $3,338,537Expenses 2014: $613,158Net Income 2014: $2,725,3792014Revenue 2015: $2,501,455Expenses 2015: $754,542Net Income 2015: $1,746,9132015Revenue 2016: $256,640Expenses 2016: $846,969Net Income 2016: -$590,3292016Revenue 2017: $493,512Expenses 2017: $926,065Net Income 2017: -$432,5532017Revenue 2018: $962,261Expenses 2018: $1,032,977Net Income 2018: -$70,7162018Revenue 2019: $2,006,837Expenses 2019: $1,130,260Net Income 2019: $876,5772019Revenue 2020: $1,342,786Expenses 2020: $1,256,459Net Income 2020: $86,3272020Revenue 2021: $2,387,467Expenses 2021: $1,405,378Net Income 2021: $982,0892021Revenue 2022: $4,976,635Expenses 2022: $1,469,184Net Income 2022: $3,507,4512022Revenue 2023: $5,683,856Expenses 2023: $1,682,954Net Income 2023: $4,000,9022023Revenue 2024: $1,087,688Expenses 2024: $1,686,579Net Income 2024: -$598,8912024

Highlighted filing

2024

Revenue$1,087,688
Expenses$1,686,579
Net Income-$598,891
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,850,148
Liabilities
$22,047
Net assets
$17,828,101
Revenue
$1,087,688
Expenses
$1,686,579
Net income
-$598,891
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.9$0.02$17.8$1.09$1.69$0.60
2023Detailed filing. Detailed filing data is available for this year.$18.5$0.04$18.4$5.68$1.68$4.00
2022Detailed filing. Detailed filing data is available for this year.$17.2$0.00$17.2$4.98$1.47$3.51
2021Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$2.39$1.41$0.98
2020Detailed filing. Detailed filing data is available for this year.$14.1$0.00$14.1$1.34$1.26$0.09
2019Detailed filing. Detailed filing data is available for this year.$14.4$0.00$14.4$2.01$1.13$0.88
2018Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$0.96$1.03$0.07
2017Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$0.49$0.93$0.43
2016Detailed filing. Detailed filing data is available for this year.$15.3$0.00$15.3$0.26$0.85$0.59
2015Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$2.50$0.75$1.75
2014Detailed filing. Detailed filing data is available for this year.$14.1$0.00$14.1$3.34$0.61$2.73
2013Detailed filing. Detailed filing data is available for this year.$11.4$0.01$11.4$2.19$0.52$1.67
2012Detailed filing. Detailed filing data is available for this year.$9.71$0.00$9.71$0.44
2011Detailed filing. Detailed filing data is available for this year.$8.14$0.00$8.14$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 15, 2025
Return Version
2024v5.2
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BJORN K BORGENPresident-$0--
Filing and Contact Details

Filer

Filer Name
Borgen Family Foundation
EIN
84-1236286
In Care Of
% THE BORGEN FAMILY FOUNDATION
Phone
3033947902
Address
3033 E 1ST AVE STE 415, Denver, CO 80206-5604

Signing Officer

Name
Bjorn Borgen
Title
President
Phone
7206435934
Signed
2025-07-15
Discuss with paid preparer
Yes

Preparer

Firm
Sorren Inc
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
Raw XML AppendixShowing 400 of 735 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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