2018-05-10T09:22:26-05:00 2017-12-31 381357951 PLANTE & MORAN PLLC 1098 WOODWARD AVE DETROIT MI 48226 990 2017-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 MARY RICHARDS TREASURER 7344774789 2018-05-09 1 LYNNE M HUISMANN P00053811 3134967200 2018-05-09 2017 2022-09-23 18:48:47Z BORDERS GROUP FOUNDATION ANNE KUBEK 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 1176640 0 X WWW.BINCFOUNDATION.ORG X 1996 MI THE CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO BOOK INDUSTRY EMPLOYEES, INCLUDING BOOKSTORE OWNERS/OPERATORS, BOOKSELLERS, BOOK BUYERS AND FORMER BORDERS EMPLOYEES AND THEIR IMMEDIATE FAMILIES WHO HAVE DEMONSTRATED FINANCIAL NEED ARISING FROM SEVERE HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO, DISASTER RELIEF, DOMESTIC VIOLENCE, SERIOUS MEDICAL CONDITION, OR LOSS OF HOUSEHOLD INCOME SUCH AS DIVORCE OR SEPARATION, DEATH OF AN EMPLOYEE OR IMMEDIATE FAMILY MEMBER. ADDITIONALLY, THE BOOK INDUSTRY CHARITABLE FOUNDATION MADE AVAILABLE OTHER TOOLS TO HELP AFFECTED EMPLOYEES DEAL WITH ONGOING FINANCIAL CHALLENGES. THESE TOOLS INCLUDE HEALTH CARE RESOURCE DIRECTORIES, BUDGET PLANNING GUIDES AND FINANCIAL MANAGEMENT TOOLS. 13 13 6 40 0 0 126475 558720 0 0 20210 68851 0 0 146685 627571 197770 339575 0 0 208047 302690 0 0 173001 193390 148977 599207 791242 -452522 -163671 2191299 2181044 31619 49380 2159680 2131664 X TO STRENGTHEN THE BOOKSELLING COMMUNITY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR FAMILIES. 1 0 138285 106072 FINANCIAL ASSISTANCE PROGRAM - PROVIDES ASSISTANCE TO EMPLOYEES AND FORMER EMPLOYEES. THIS CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO BOOK INDUSTRY EMPLOYEES AND FORMER BORDERS EMPLOYEES AND THEIR IMMEDIATE FAMILIES WHO HAVE DEMONSTRATED FINANCIAL NEED ARISING FROM SEVERE HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO, DISASTER RELIEF, SERIOUS MEDICAL CONDITION, LOSS OF HOUSEHOLD INCOME DUE TO DEATH OF EMPLOYEE OR IMMEDIATE FAMILY MEMBER, DIVORCE OR SEPARATION OR PARTNER'S/SPOUSE'S JOB LOSS. ADDITIONALLY, THE BOOK INDUSTRY CHARITABLE FOUNDATION MADE AVAILABLE OTHER TOOLS TO HELP AFFECTED EMPLOYEES DEAL WITH ONGOING FINANCIAL CHALLENGES. THESE TOOLS INCLUDE RESOURCE DIRECTORIES, BUDGET PLANNING GUIDES AND FINANCIAL MANAGEMENT TOOLS. 145730 103750 POST SECONDARY SCHOLARSHIPS - A MERIT AND NEEDS BASED SCHOLARSHIP PROGRAM TO ASSIST FORMER BORDERS EMPLOYEES AND THE DEPENDENTS OF EMPLOYEES WITH THE COSTS OF HIGHER EDUCATION, INCLUDING UNDERGRADUATE, GRADUATE, VOCATIONAL, AND TECHNICAL STUDIES. 120805 92664 PILOT STORE (AND COMIC BOOKSTORE) DISASTER RELIEF PROGRAMTHIS PILOT PROGRAM PILOT PROGRAM FOR BOOKSTORE OWNERS WAS CREATED IN 2017. THE BINC FOUNDATION LAUNCHED A PILOT PROGRAM DESIGNED TO ASSIST BOOK STORE OWNERS IF THEIR BOOKSTORE WAS IMPACTED BY A NATURAL DIASASTER. ANY POTENTIAL ASSISTANCE WOULD BE OUTSIDE OF WHAT IS COVERD BY INSURANCE AND DOES NOT INCLUDE ANY PAYMENTS TO MERCHANDISE VENDORS. THE STORE MUST DEMONSTRATE A FINANCIAL CRISIS BROUGHT ABOUT BY A NATURAL DISASTER INCLUDING LOSS OF INCOME DUE TO DISRUPTION OF BUSINESS. BINC IS ABLE TO HELP BY PAYING NEEDED RENT AND/OR UTILITIES. 28681 22000 MATCHING GRANTS PROGRAM - - THIS PROGRAM ALLOWS OUR TARGETED CLIENTS TO COLLECT UP TO $2,000 FOR A SPECIFICALLY STATED HARDSHIP AND AFTER VERIFICATION THE FOUNDATION WILL MATCH DOLLAR FOR DOLLAR THE AMOUNT COLLECTED UP TO $2,000. 19672 15089 PROFESSIONAL & DIVERSITY SCHOLARSHIPS - A NEEDS AND SKILLS BASED SCHOLARSHIP PROGRAM TO ASSIST CURRENT BOOK INDUSTRY EMPLOYEES WITH THE COSTS OF EXPANDING THEIR KNOWLEDGE OF THE INDUSTRY, SMALL BUSINESS OPERATIONS OR BOOK KNOWLEDGE. 48353 37089 453173 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 6 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT FL GA HI KS KY ME MD MA MI MN MS NH NJ NM NY ND OH OK OR PA RI WV NC SC TN UT VA WA X X MARY RICHARDS 7344774789 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 MATTHEW GILDEA DIRECTOR, VICE PRESIDENT 1.00 X X 0 0 0 CHRISTIE ROEHL DIRECTOR, SECRETARY 1.00 X X 0 0 0 MARY RICHARDS DIRECTOR, TREASURER 1.00 X X 0 0 0 ANNE KUBEK DIRECTOR, CHAIR 1.00 X X 0 0 0 LORI TUCKER-SULLIVAN DIRECTOR, PRESIDENT 1.00 X X 0 0 0 ROCKELLE HENDERSON DIRECTOR 0.50 X 0 0 0 WANDA JEWELL DIRECTOR 0.50 X 0 0 0 MARY JANE KARWOSKI DIRECTOR 0.50 X 0 0 0 DEB LEONARD DIRECTOR 0.50 X 0 0 0 KATE MCCUNE DIRECTOR 0.50 X 0 0 0 ANNE PHILBRICK DIRECTOR 0.50 X 0 0 0 JULIA COWLISHAW DIRECTOR 0.50 X 0 0 0 KEN WHITE DIRECTOR 0.50 X 0 0 0 PAMELA FRENCH EXECUTIVE DIRECTOR 40.00 X 105501 0 8170 105501 0 8170 1 0 0 0 0 558720 558720 69585 69585 548335 549069 -734 -734 -734 627571 0 0 68851 339575 339575 117341 29335 29335 58671 154453 52000 27781 74672 10501 3565 1852 5084 20395 6133 4262 10000 532 532 19734 19734 20069 20069 5292 5292 6884 6884 20694 3491 10222 6981 25520 6950 6190 12380 8608 5 8592 11 2503 2503 SCHOLARSHIP MANAGEMENT 10472 10472 DONOR STEWARDSHIP 9606 9606 BANK SERVICE CHARGES 5286 5286 MARKETING 4421 4421 9356 1647 6928 781 791242 453173 165068 173001 221176 135950 118329 5103 4765 1963820 1920800 1200 1200 2191299 2181044 24834 14846 6785 34534 31619 49380 X 1582657 1543983 577023 587681 2159680 2131664 2191299 2181044 -163671 135655 0 X X 1 X 0 1 0 X 21021 42646 69393 126475 558720 818255 21021 42646 69393 126475 558720 818255 115230 703025 39337 29277 52564 66762 69585 257525 1075780 14065 0.65350 0.48520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DERIVATIVES LIABILITY 34534 34534 1 FINANCIAL ASSISTANCE 94 106072 POST-SECONDARY SCHOLARSHIPS 27 103750 MATCHING GRANTS 11 22000 PROFESSIONAL SCHOLARSHIPS 25 15089 PILOT - STORE DISASTER 7 92664 PART I, LINE 2: THE USE OF GRANT FUNDS IS MONITORED IN TWO WAYS. FIRST, THROUGH THE DUE DILIGENCE RESEARCH OF THE PROGRAMS MANAGER WHEN ASSESSING THE INITIAL GRANT REQUEST AND POTENTIAL GRANT AMOUNT. THE GRANT APPLICANT MUST PROVIDE ALL RELEVANT DOCUMENTATION OF EXPENSES AND THE PROGRAM MANAGER VERIFIES THAT A VALID QUALIFYING EVENT HAS OCCURRED AND THAT THE NEED DOES EXIST. SECOND, ONCE A GRANT IS APPROVED, PAYMENTS ARE NOT MADE DIRECTLY TO THE GRANT RECIPIENT, INSTEAD PAYMENTS ARE MADE DIRECTLY TO THE SERVICE PROVIDER/COMPANY ON BEHALF OF THE GRANT RECIPIENT. EXAMPLES OF SERVICE PROVIDERS/COMPANIES INCLUDE: UTILITY COMPANIES, MORTGAGE LENDERS, MEDICAL PROVIDERS AND FUNERAL SERVICE PROVIDERS. IN ADDITION, WHEN PAYMENTS/FUNDS ARE SENT TO A PROVIDER/COMPANY THE GRANT RECIPIENT'S ACCOUNT INFORMATION IS INCLUDED SO THAT PAYMENT IS APPLIED PROPERLY. FORM 990, PART III, LINE 2 PILOT PROGRAM - DISASTER RECOVERY FOR BOOKSTORES/OWNERS - IN 2017, THE BINC FOUNDATION LAUNCHED A PILOT PROGRAM DESIGNED TO ASSIST BOOK STORE OWNERS IF THEIR BOOKSTORE WAS IMPACTED BY A NATURAL DIASASTER. ANY POTENTIAL ASSISTANCE WOULD BE OUTSIDE OF WHAT IS COVERD BY INSURANCE AND DOES NOT INCLUDE ANY PAYMENTS TO MERCHANDISE VENDORS. THE STORE MUST DEMONSTRATE A FINANCIAL CRISIS BROUGHT ABOUT BY A NATURAL DISASTER INCLUDING LOSS OF INCOME DUE TO DISRUPTION OF BUSINESS. BINC IS ABLE TO HELP BY PAYING NEEDED RENT AND/OR UTILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE (PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER) WILL REVIEW THE FULL AND COMPLETE 990 PRIOR TO FILING, AND THE FULL AND COMPLETE 990 WILL BE ISSUED ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO FILING FOR THEIR FEEDBACK. IN ADDITION, THE 990 WILL BE REVIEWED AT THE FIRST BOARD MEETING AFTER THE 990 HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED EACH YEAR WHEN NEW BOD MEMBERS ARE ADDED. ALL BOD MEMBERS ARE REQUIRED TO SIGN AND RETURN THE CONFLICT OF INTEREST STATEMENT WHEN THEY JOIN THE BOARD. IN ADDITION, THE BOARD MEMBER ROLE DESCRIPTION INCLUDES A CONFLICT OF INTEREST STATEMENT AND THE STATEMENT IS REVIEWED AT THE FIRST BOD MEETING OF EVERY FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 A SALARY REVIEW AND TITLE REVIEW WERE CONDUCTED BY THE PRESIDENT OF THE BOARD AND SHARED WITH THE OTHER EXECUTIVE COMMITTEE MEMBERS (ALL INDEPENDENT PERSONS.) INCLUDED COLLECTING BENCH MARK DATA ON SALARY, TITLE AND RESPONSIBILITIES. THE SURVEY WAS CONDUCTED THROUGH THE BORDERS COMPENSATION DEPARTMENT (INDEPENDENT PERSONS) IN THE FALL OF 2008. THE ENTIRE BOARD OF DIRECTORS DISCUSSED AND APPROVED THE DECISION TO HIRE PRIOR TO THE JOB OFFERING BEING MADE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES TO PROCESS OF AUDIT COMMITTEE'S OVERSIGHT RESPONSIBILITIES WERE NOTED IN 2017.