Tb12 Foundation INC

Tax-deductible

Foxboro, MA501(c)(3)Since 2015Health CareEIN 47-3420747Revenue $14K in FY2025

On file with the IRStb12foundation.org15 Wall St Unit 269, 02035-5081 · Foxboro, MATax-exempt since Oct 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to educate and inspire athletes to excel in both sports and life. We provide access to athletic, rehabilitation, and nutrition resources that empowers those at-risk due to economic or health-related obstacles, to reach their performance and life goals. Through our services, we aim to educate and help athletes improve longevity, prevent injury and stay on the field, court, track or course doing what they love better - and for longer.

501(c)(3) charity; gifts are tax-deductible.
0¢ of each $1 spent went to programs.
$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $106K a year · 23% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0.4%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 58% of spending
Top officer’s pay higher than 93% of similar orgs
Concern: pay to officers and key staff is 58% of spending; over 30%.
Pt VII · Sec A
Cash reserves
31 mo
of spending, in cash
Looks good: 31.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $195K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14K
-33% vs prior year
Spent
$225K
To programs
0.4%
Net assets
$577K
By yearFY2020–FY2025
Revenue
$14K
FY2025▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$676K
FY2021$1.0M
FY2022$811K
FY2023$290K
FY2024$20K
FY2025$14K
Expenses
$225K
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$483K
FY2021$309K
FY2022$425K
FY2023$450K
FY2024$284K
FY2025$225K
Net assets
$577K
FY2025▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2020$135K
FY2021$827K
FY2022$1.2M
FY2023$1.1M
FY2024$788K
FY2025$577K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

0 cents of each dollar spent went to programs.

Program services 0% · $975 Management & general 100% · $224K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/Clerk
$131,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisa Borges’s $131K as Executive Director/Clerk is at the 93rd percentile of top reported officer pay among 200 <$100K health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Lisa Borges$131,250$131,250$131,250$120,193

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tb12 Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires athletes to excel in sports and life through education.

Provided by the organization

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1 program · $975 · in their own filed words · FY2025
01

The foundation supports at-risk individuals including high school and college athletes as well as military service members and first responders through our scholarship program by providing innovative health and wellness resources.

$975program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
See all 4 funders →
Grants paid · 2 grants · $50K · 2022–2023

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$14K
Ln 12
Investment incomeLn 3$13K
Gifts and grantsLn 1h$151
Money outPt IX
$225K
Ln 25
Programscol B$975
Managementcol C$224K
Owns and owesPt X
$577K
net assets · Ln 32
Cash and savingsLn 1–2$583K
Total assetsLn 16$588K
LiabilitiesLn 26$11K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$151
Investment incomeLn 3$13K
Total revenueLn 12$14K
Assets in detailPt X, end of year
CashLn 1$583K
Cash and savings togetherLn 1–2$583K
Total assetsLn 16$588K
LiabilitiesLn 26$11K
Net assetsLn 32$577K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$801K$583K
Total assetsLn 16$805K$588K
LiabilitiesLn 26$16K$11K
Net assetsLn 32$788K$577K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$131K$131K
Other salaries and wagesLn 7$2K$2K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$37K$37K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$953$953
Information technologyLn 14$9K$9K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$7K$975$6K
All other expensesLn 24e$98$98
Total functional expensesLn 25$225K$975$224K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $14K$225K−$211K$577K 990 PDF
FY2024 $20K$284K−$264K$788K 990 PDF
FY2023 $290K$450K−$161K$1.1M 990 PDF
FY2022 $811K$425K$386K$1.2M 990 PDF
FY2021 $1.0M$309K$692K$827K 990 PDF
FY2020 $676K$483K$193K$135K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $13,529 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,554$151
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,666$13,378
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $20,220$13,529
I-13 Grants and similar amounts paidPrior year $15,123$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $161,579$144,990
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $107,202$79,923
I-18 Total expensesPrior year $283,904$224,913
I-19 Revenue less expensesPrior year −$263,684−$211,384
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,529 across 4 lines filed
VIII-1f All other contributions, gifts and grants$151
VIII-1h Total contributions, gifts and grants$151
VIII-3 Investment incomeExcluded from tax $13,378$13,378
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,378$13,529
Part IX · Statement of functional expenses $224,913 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $131,250$131,250
IX-7 Other salaries and wagesManagement $2,500$2,500
IX-10 Payroll taxesManagement $11,240$11,240
IX-11b Legal feesManagement $37,014$37,014
IX-11c Accounting feesManagement $12,700$12,700
IX-11g Other fees for servicesManagement $3,090$3,090
IX-12 Advertising and promotionManagement $2,788$2,788
IX-13 Office expensesManagement $953$953
IX-14 Information technologyManagement $8,948$8,948
IX-23 InsuranceManagement $6,883$6,883
IX-24 Other expenses (24a–d)Programs $975 · Management $6,474$7,449
IX-24e All other expensesManagement $98$98
IX-25 Total functional expensesPrograms $975 · Management $223,938 · Fundraising $0$224,913
Part X · Balance sheet $588,187 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $801,437$582,705
X-9 Prepaid expenses and deferred chargesStart of year $3,144$5,482
X-16 Total assetsStart of year $804,581$588,187
X-17 Accounts payable and accrued expensesStart of year $16,169$11,159
X-26 Total liabilitiesStart of year $16,169$11,159
X-27 Net assets without donor restrictionsStart of year $486,941$275,557
X-28 Net assets with donor restrictionsStart of year $301,471$301,471
X-32 Total net assets or fund balancesStart of year $788,412$577,028
X-33 Total liabilities and net assetsStart of year $804,581$588,187
Part XI · Reconciliation of net assets $577,028 net assets at year end
XI-1 Total revenue$13,529
XI-2 Total expenses$224,913
XI-3 Revenue less expenses−$211,384
XI-4 Net assets at start of year$788,412
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$577,028

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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