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Broms Family Foundation EIN 23-7015484

Broms Family Foundation

EIN  23-7015484 Private foundation / grantmaker Minnetonka, MN
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Size
$100K–1M
What they do
A private foundation based in Minnetonka, MN. It reported about $124K in revenue for 2025.
Leadership
Richard a Broms · President
Money in and out
$124K revenue, $126K expenses
Bottom line
—

A private foundation based in Minnetonka, MN. It reported about $124K in revenue for 2025. For fiscal year 2025 it reported $124K in revenue, $126K in expenses, and $3K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$124K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$3K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Total assets
3K
deployed as grants and operations
Grants paid
126K
in FY2025
Grants made
14grants
total in period
Payout rate
5014%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 14 grants · $126K · 2025–2025
Temple IsraelFY2025$35,000
Minneapolis Jewish FederationMN · FY2025$25,000
Herzl Camp FoundationMN · FY2025$15,000
United States Holocaust Memorial MuseumFY2025$12,500
New Israel FundNY · FY2025$10,000
North Side Achievement ZoneFY2025$5,000
J-Hap INCMN · FY2025$5,000
Jewish Famliy and Childrens ServicesFY2025$5,000
True FriendsFY2025$2,500
Second Harvest HeartlandMN · FY2025$2,500
Mayo Clinic Department of DevelopmentFY2025$2,500
Hand in HandFY2025$2,500
Anti-Defamation LeagueNY · FY2025$2,500
Hias INCMD · FY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$9K
Median grantPart XV$5K
Largest grantPart XV$35K
Top cause focusNTEEInternational (14%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$124K
FY2025▲ +21%
Expenses
$126K
FY2025▲ +4%
Total assets
$3K
FY2025▼ -40%
Total liabilities
$0
FY2025
Total revenue
$124K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$3K
Pt X · Ln 32
Total assetsPt II$3K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBroms Family Foundation
EINHdr · item D23-7015484
Principal addressHdr · item CMinnetonka, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Cathy Broms
Secretary/Treasurer
$0Pt VII · Sec A
See Broms Family Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$124K
Investment income$343
Total revenueLn 12$124K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$126K
Operating & administrative$9
Total functional expensesLn 25$126K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$3K
Total liabilitiesLn 26$0
Total net assetsLn 32$3K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $124K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $124K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $124K · Prior year $103K
+21%
Net-asset trend (YoY)
End of year $3K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $124K · Expenses $126K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $3K
—
Net-asset ratio
Net assets $3K · Total assets $3K
100%
People & payroll
Highest Reported Total Compensation
Individual Richard a Broms · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $126K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 21%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$124K revenue · viewing · ⤓ 990 PDF
FY2024$103K revenue · ⤓ 990 PDF
FY2023$188K revenue · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$375 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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