2017-05-12T11:03:47-05:00 2016-12-31 381357951 PLANTE & MORAN PLLC 1098 WOODWARD AVE DETROIT MI 48226 990 2016-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 MARY RICHARDS TREASURER 7344774789 2017-05-09 1 LYNNE HUISMANN P00053811 3134967200 2017-05-09 67.59.56.33 2017-05-09 11:54:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 737380BCD7AD51223FD12A91753DF01CE9F34789 2016 2021-01-29 14:40:06Z BORDERS GROUP FOUNDATION ANNE KUBEK 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 570190 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 4 35 0 0 69393 126475 0 0 126224 20210 0 0 195617 146685 261503 197770 0 0 189865 208047 0 0 144031 111020 193390 562388 599207 -366771 -452522 2475193 2191299 28886 31619 2446307 2159680 X TO STRENGTHEN THE BOOKSELLING COMMUNITY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR FAMILIES. 0 0 94370 64580 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. 169681 109000 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. 12016 8225 PROFESSIONAL SCHOLARSHIPS - A NEEDS 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. 23331 15965 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. 23331 15965 299398 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 6 0 1 4 1 0 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 0 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 DAVID ALTHOEN 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 105405 0 6807 105405 0 6807 1 0 0 0 0 126475 126475 66762 66762 376953 423505 -46552 -46552 -46552 146685 0 0 20210 197770 197770 112915 45166 22583 45166 63011 17686 36482 8843 16341 5508 6537 4296 15780 5610 5384 4786 476 476 17740 17740 15279 15279 5577 5577 7994 7994 19935 5546 8839 5550 29281 11712 5856 11713 6139 6139 2847 2847 MARKETING 59286 59286 SCHOLARSHIP MANAGEMENT 10400 10400 PRINTING 4391 4391 ADVISORY SERVICES 4250 4250 9795 9795 599207 299398 155778 144031 531693 221176 135907 0 5487 5103 1800906 1963820 1200 1200 2475193 2191299 15289 24834 13597 6785 28886 31619 X 1787878 1582657 658429 577023 2446307 2159680 2475193 2191299 -452522 165895 0 X X 1 X 0 1 0 X 18025 21021 42646 69393 126475 277560 18025 21021 42646 69393 126475 277560 29996 247564 44770 39337 29277 52564 66762 232710 510270 30272 0.48520 0.33840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DERIVATIVES LIABILITY 6785 6785 1 FINANCIAL ASSISTANCE 28 64580 EMPLOYEE SCHOLARSHIPS 27 109000 MATCHING GRANTS 8 15965 PROFESSIONAL SCHOLARSHIPS 17 8225 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 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. THE CONFLICT OF INTEREST POLICY APPLIES TO ALL STAFF AND VOLUNTEERS, INCLUDING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A A SALARY REVIEW AND TITLE REVIEW WERE CONDUCTED BY THE PRESIDENT OF THE BOD AND SHARED WITH THE OTHER EXECUTIVE COMMITTEE MEMBERS. THIS INCLUDED COLLECTING BENCHMARK DATA ON SALARY, TITLE AND RESPONSIBILITIES. THE SURVEY WAS CONDUCTED THROUGH THE BORDERS COMPENSATION DEPARTMENT IN THE FALL OF 2008. THE COMPENSATION ARRANGEMENT HAS NOT CHANGED SINCE THAT TIME. 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 2016.