TB12 Foundation Inc
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.
TB12 Foundation Inc at a glance
- Total assets
- $588,187
- -26.9% vs 2024
- Revenue (2025)
- $13,529
- -33.1% vs 2024
- Net investment income (2025)
- $13,378
- -28.3% vs 2024
- Expenses (2025)
- $224,913
- -20.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who TB12 Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 7 grants of 8 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $6K (2024) to $102K (2023). In 2024 it made 1 grant totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pinellas County Schools Largo, FL | Support students with educational and physical activities to improve their health and wellness with the goal of establishing lifelong healthy habits | $5,973 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $588,187 | $13,529 | $224,913 | — | — | $13,378 |
| 2024 | $804,581 | $20,220 | $283,904 | $5,973 | 1 | $18,666 |
| 2023 | $1,078,440 | $289,546 | $450,102 | $102,273 | 3 | $13,774 |
| 2022 | $1,274,476 | $810,704 | $424,849 | $74,520 | 4 | $8 |
| 2021 | $846,113 | $1,000,714 | $308,859 | — | — | — |
| 2020 | $330,051 | $676,324 | $483,496 | — | — | — |
About TB12 Foundation Inc
Based on IRS filings
TB12 Foundation Inc is a public charity focused on Health, based in Foxboro, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $588K in total assets. Net investment income was $13K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
TB12 Foundation Inc is led by Lisa Borges, Executive Director & Clerk since 2022 (on filings since 2021); 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Lisa Borges
Executive Director & Clerk
Clerk → Executive Director & Clerk, 2022
On filings since 2021
40 hrs/week
$120K (2022) → $131K (2025)
Kenneth L. Harvey
Director
On filings since 2020
1 hr/week
No compensation reported
Alex Guerrero
Director
President & Director → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
John Thorbahn
Director
On filings since 2021
1 hr/week
No compensation reported
Alicia Chevalier
Director
On filings since 2022
1 hr/week
No compensation reported
Glen Openshaw
Director
On filings since 2022
1 hr/week
No compensation reported
Ashley Gaughran
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Former officers (4)
- Former: Shannon Zollo (2020–2023) — Director
- Former: Jeffrey Surette (2020–2021) — Treasurer & Clerk
- Former: Thomas Ep Brady Jr. (2020–2021) — President & Director
- Former: John Burns (2021) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $131K, to Lisa Borges (Executive Director/Clerk).
Frequently asked questions about TB12 Foundation Inc
How large is TB12 Foundation Inc?
TB12 Foundation Inc reported $588K in total assets on its 2025 IRS Form 990. Its revenue that year was $14K.
What is TB12 Foundation Inc?
TB12 Foundation Inc is a public charity focused on Health, based in Foxboro, MA. It holds $588K in total assets as of 2025.
Where does TB12 Foundation Inc operate?
TB12 Foundation Inc has awarded grants in Florida, Massachusetts, New York.
What is TB12 Foundation Inc's EIN?
TB12 Foundation Inc's EIN (Employer Identification Number) is 47-3420747. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS August 21, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 23, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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