2016-09-01T07:28:45-05:00 2015-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2015-01-01 237101167 BUSINESS LEADERS FOR MICHIGAN FOUNDATION BUSI 3132595400 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 SABRINA KEELEY COO 3132595400 2016-08-30 1 LINDA YUDASZ P00053807 2483757100 2015 2016-12-15 16:53:06Z SABRINA KEELEY 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 624632 0 X BUSINESSLEADERSFORMICHIGAN.COM X 1971 MI BUSINESS LEADERS FOR MICHIGAN IS AN ORGANIZATION DEDICATED TO MAKING MICHIGAN A "TOP TEN" STATE FOR JOB, ECONOMIC AND PERSONAL INCOME GROWTH. 90 89 0 92 0 0 728831 529670 68649 94952 5 10 0 0 797485 624632 0 0 0 0 94899 96418 0 0 0 814082 609751 908981 706169 -111496 -81537 1382783 1364575 219870 234782 1162913 1129793 X TO ADVANCE THE GOALS OF THE MICHIGAN TURNAROUND PLAN BY BENCHMARKING THE STATE'S COMPETITIVENESS, DEVELOPING POWERFUL STRATEGIES, CONVENING AND EDUCATING THE PUBLIC, ADVOCATING FOR POLICY AND CHAMPIONING INITIATIVES THAT MAKE MICHIGAN A PLACE WHERE BUSINESS WANTS TO INVEST AND PEOPLE WANT TO LIVE AND WORK. 0 0 670229 94952 SOME OF THE 2015 PROGRAM SERVICES ACCOMPLISHMENTS ARE AS FOLLOWS:1) ADVANCE THE MICHIGAN TURNAROUND PLAN BY DEVELOPING BUSINESS PLANS FOR THE NEW MICHIGAN STRATEGY AND WORKING TO IMPLEMENT THEM WITH STAKEHOLDERS. ALSO HOST TWO LARGE EVENTS TO CONVENE KEY STAKEHOLDERS, BUSINESS LEADERS AND OPINION LEADERS.2) SERVE AS A CREDIBLE SOURCE OF ECONOMIC INFORMATION TO SUPPORT THE MICHIGAN TURNAROUND PLAN BY PRODUCING A SERIES OF REPORTS, INCLUDING AN ANNUAL ECONOMIC COMPETITIVENESS REPORT, NEW MICHIGAN REPORT AND OTHER ISSUES BASED REPORTS.3) WORK TO ENGAGE AND COMMUNICATE WITH OUR MEMBERS TO ADVANCE THE MICHIGAN TURNAROUND PLAN, INCLUDING DEVELOPING STRATEGIES TO ACCELERATE BUSINESS ATTRACTION, CONVENE A MICHIGAN AMBASSADOR EVENT, AND SHARE INFORMATION RELATED TO MTP ISSUES.4) SUPPORTED THE DEVELOPMENT OF THE DETROIT REGIONAL AEROTROPOLIS. BLM IS A FOUNDING SUPPORTER OF EFFORTS TO DEVELOP LAND SURROUNDING DETROIT METRO AND WILLOW RUN AIRPORTS INTO A GLOBAL LOGISTICS HUB WITH RELATED DEVELOPMENT. THE ORGANIZATION HAS BEEN WORKING WITH NINE GOVERNMENTAL UNITS AND OTHER STAKEHOLDERS ON THIS EFFORT. THE GOAL IS TO GROW JOBS IN SOUTHEAST MICHIGAN AND INDEPENDENT STUDIES PROJECT A POTENTIAL 64,000 JOBS & $10 BILLION IN INVESTMENT OVER THE LONG TERM.5) CREATIVE CORRIDOR - HELP GROW THE CREATIVE ECONOMY AND CREATIVE JOBS IN DETROIT. PROVIDE FUNDING SUPPORT TO THE DETROIT CORRIDOR CENTER, WHICH WILL: PROVIDE RESOURCES, NETWORKS AND SPACE FOR CREATIVE ENTREPRENEURS AND PRACTITIONERS; PROVIDE A GATHERING PLACE FOR CREATIVE WORKSHOPS AND EVENTS; PARTNER WITH EXISTING BUSINESS ENTITIES TO PROVIDE SERVICES AND SUPPORT BUSINESS ATTRACTION AND RETENTION EFFORTS; HELP RAISE THE IMAGE OF DETROIT AS A GLOBAL CENTER OF CREATIVE INNOVATION. A COMPLETE LIST OF ACCOMPLISHMENTS FOR THIS ORGANIZATION CAN BE FOUND AT WWW.BUSINESSLEADERSFOR MICHIGAN.COM 670229 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 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 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 90 89 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 MI X PAUL TRULIK 3132595400 600 RENAISSANCE CENTER STE 1760 DETROIT MI 482431801 DOUG ROTHWELL PRESIDENT 40.00 X X 0 726645 60253 TERENCE E ADDERLEY DIRECTOR 1.00 X 0 0 0 KEITH J ALLMAN DIRECTOR 1.00 X 0 0 0 G MARK ALYEA DIRECTOR 1.00 X 0 0 0 GERARD M ANDERSON DIRECTOR 1.00 X 0 0 0 DAVID W BARFIELD DIRECTOR 1.00 X 0 0 0 MARY SUE BARRA DIRECTOR 1.00 X 0 0 0 ALBERT M BERRIZ DIRECTOR 1.00 X 0 0 0 MARK J BISSELL DIRECTOR 1.00 X 0 0 0 LAURENT BRESSON DIRECTOR 1.00 X 0 0 0 JOHN C CARTER DIRECTOR 1.00 X 0 0 0 GREGORY J CRABB DIRECTOR 1.00 X 0 0 0 ROBERT S CUBBIN DIRECTOR 1.00 X 0 0 0 MATTHEW P CULLEN DIRECTOR 1.00 X 0 0 0 MARY CULLER DIRECTOR 1.00 X 0 0 0 WALTER CZARNECKI DIRECTOR 1.00 X 0 0 0 KURT L DARROW DIRECTOR 1.00 X 0 0 0 DAVID C DAUCH DIRECTOR 1.00 X 0 0 0 RICHARD L DEVORE DIRECTOR 1.00 X 0 0 0 DOUGLAS L DEVOS DIRECTOR 1.00 X 0 0 0 ALESSANDRO DINELLO DIRECTOR 1.00 X 0 0 0 STEFAN DOERR DIRECTOR 1.00 X 0 0 0 J PATRICK DOYLE VICE CHAIR 1.00 X X 0 0 0 JAMES E DUNLAP DIRECTOR 1.00 X 0 0 0 MATTHEW B ELLIOTT DIRECTOR 1.00 X 0 0 0 JEFF M FETTIG CHAIR 1.00 X X 0 0 0 WILLIAM CLAY FORD JR DIRECTOR 1.00 X 0 0 0 DANIEL GILBERT DIRECTOR 1.00 X 0 0 0 DAVID GIRODAT DIRECTOR 1.00 X 0 0 0 DAN GORDON DIRECTOR 1.00 X 0 0 0 RONALD E HALL DIRECTOR 1.00 X 0 0 0 RICHARD G HAWORTH DIRECTOR 1.00 X 0 0 0 CHRISTOPHER ILITCH DIRECTOR 1.00 X 0 0 0 MICHAEL J JANDERNOA VICE CHAIR 1.00 X X 0 0 0 MILES E JONES DIRECTOR 1.00 X 0 0 0 HANS-WERNER KAAS DIRECTOR 1.00 X 0 0 0 ALAN JAY KAUFMAN DIRECTOR 1.00 X 0 0 0 JAMES P KEANE DIRECTOR 1.00 X 0 0 0 JOHN C KENNEDY DIRECTOR 1.00 X 0 0 0 STEPHEN M KIRCHER DIRECTOR 1.00 X 0 0 0 WILLIAM L KOZYRA DIRECTOR 1.00 X 0 0 0 BLAKE W KRUEGER DIRECTOR 1.00 X 0 0 0 BRIAN K LARCHE DIRECTOR 1.00 X 0 0 0 ANDREW N LIVERIS DIRECTOR 1.00 X 0 0 0 KEVIN LOBO DIRECTOR 1.00 X 0 0 0 DANIEL J LOEPP DIRECTOR 1.00 X 0 0 0 EVAN D LYALL DIRECTOR 1.00 X 0 0 0 BEN C MAIBACH III DIRECTOR 1.00 X 0 0 0 DENNIS MANNION DIRECTOR 1.00 X 0 0 0 RICHARD A MANOOGIAN DIRECTOR 1.00 X 0 0 0 FLORINE MARK DIRECTOR 1.00 X 0 0 0 CHARLES G MCCLURE DIRECTOR 1.00 X 0 0 0 DAVID E MEADOR DIRECTOR 1.00 X 0 0 0 HANK MEIJER DIRECTOR 1.00 X 0 0 0 MICHAEL MILLER DIRECTOR 1.00 X 0 0 0 FREDERICK K MINTURN DIRECTOR 1.00 X 0 0 0 PAUL MUELLER DIRECTOR 1.00 X 0 0 0 MARK A MURRAY DIRECTOR 1.00 X 0 0 0 JAMES B NICHOLSON DIRECTOR 1.00 X 0 0 0 WILLIAM U PARFET VICE CHAIR 1.00 X X 0 0 0 CYNTHIA J PASKY DIRECTOR 1.00 X 0 0 0 ROGER S PENSKE DIRECTOR 1.00 X 0 0 0 WILLIAM F PICKARD DIRECTOR 1.00 X 0 0 0 SANDRA E PIERCE VICE CHAIR 1.00 X X 0 0 0 CHARLES H PODOWSKI DIRECTOR 1.00 X 0 0 0 JOHN RAKOLTA JR DIRECTOR 1.00 X 0 0 0 JOSEPH J RICHARDSON JR DIRECTOR 1.00 X 0 0 0 MICHAEL RITCHIE DIRECTOR 1.00 X 0 0 0 ANDRA M RUSH DIRECTOR 1.00 X 0 0 0 JOHN G RUSSELL DIRECTOR 1.00 X 0 0 0 MARK S SCHLISSEL DIRECTOR 1.00 X 0 0 0 J DONALD SHEETS DIRECTOR 1.00 X 0 0 0 GARY A SHIFFMAN DIRECTOR 1.00 X 0 0 0 LOU ANNA K SIMON PHD DIRECTOR 1.00 X 0 0 0 SAM SIMON DIRECTOR 1.00 X 0 0 0 MATTHEW J SIMONCINI DIRECTOR 1.00 X 0 0 0 BRIG SORBER DIRECTOR 1.00 X 0 0 0 ROBERT S TAUBMAN DIRECTOR 1.00 X 0 0 0 GARY TORGOW DIRECTOR 1.00 X 0 0 0 HOWARD UNGERLEIDER DIRECTOR 1.00 X 0 0 0 SAMUEL VALENTI III DIRECTOR 1.00 X 0 0 0 STEPHEN A VAN ANDEL DIRECTOR 1.00 X 0 0 0 BRIAN C WALKER DIRECTOR 1.00 X 0 0 0 THOMAS WEBB DIRECTOR 1.00 X 0 0 0 THOMAS WELCH JR DIRECTOR 1.00 X 0 0 0 GIL WEST DIRECTOR 1.00 X 0 0 0 ROY WILSON DIRECTOR 1.00 X 0 0 0 ROGER J WOOD DIRECTOR 1.00 X 0 0 0 WILLIAM C YOUNG DIRECTOR 1.00 X 0 0 0 MARK ZEFFIRO DIRECTOR 1.00 X 0 0 0 SABRINA KEELEY COO/TREASURER 40.00 X 0 271255 58572 TIMOTHY SOWTON VICE PRESIDENT 40.00 X 0 209133 25152 KELLY CHESNEY VICE PRESIDENT 40.00 X 0 197546 27913 0 1404579 171890 0 0 1 0 0 517750 11920 529670 CEO SUMMIT 900099 94952 94952 94952 10 10 624632 94952 0 10 81354 73219 8135 4398 3958 440 7302 5976 1326 3364 3028 336 777 777 7755 7755 5524 5524 1272 1272 1933 1933 3312 3312 4129 4129 328 328 673 673 COMMUNICATIONS 279042 279042 ROAD 2 RENAISSANCE 169915 169915 LEADERSHIP SUMMITS 81671 81671 RESEARCH AND DEVELOPMEN 53420 53420 706169 670229 35940 0 359997 471583 582495 411490 7830 10180 225420 210373 21598 15047 410863 456275 1382783 1364575 7603 234782 212267 0 219870 234782 X 696023 732653 466890 397140 1162913 1129793 1382783 1364575 X -81537 48417 X X 0 1 X 1 0 X 1770000 2279937 591250 728831 529670 5899688 1770000 2279937 591250 728831 529670 5899688 3870530 2029158 5 10 15 5899703 239012 0.34390 0.37270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225420 210373 15047 15047 RENAISSANCE VENTURE CAPITAL FUND 277349 DETROIT INVESTMENT FUND 178926 456275 X PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. X 1 0 0 1 0 0 0 0 0 0 0 DOUG ROTHWELL PRESIDENT 0 538245 0 100000 0 88400 0 16000 0 44253 0 786898 0 0 SABRINA KEELEY COO/TREASURER 0 246255 0 25000 0 0 0 17567 0 41005 0 329827 0 0 TIMOTHY SOWTON VICE PRESIDENT 0 194133 0 15000 0 0 0 0 0 25152 0 234285 0 0 KELLY CHESNEY VICE PRESIDENT 0 182546 0 15000 0 0 0 0 0 27913 0 225459 0 0 PART I, LINE 1A THE PRESIDENT OF THE ORGANIZATION IS PROVIDED A MEMBERSHIP TO THE DETROIT ATHLETIC CLUB FOR PURPOSES OF NETWORKING. PART I, LINE 4B DOUG ROTHWELL PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. NO CONTRIBUTIONS WERE MADE TO THE PLAN IN 2015 AND BENEFIT PAYMENTS OF $88,400 WERE MADE DURING 2015. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS LEADERS FOR MICHIGAN FOUNDATION IS COMPRISED OF THE CHAIRPERSONS, CHIEF EXECUTIVE OFFICERS, OR MOST SENIOR EXECUTIVES OF MICHIGAN'S LARGEST EMPLOYERS AND UNIVERSITIES. AS SUCH, MANY OF THEM HAVE REGULAR BUSINESS RELATIONSHIPS WITH EACH OTHER'S COMPANIES - I.E. PROVIDE UTILITIES, INSURANCE OR BANKING SERVICES. SOME OF THEM ALSO SERVE ON EACH OTHER'S BOARDS OF DIRECTORS AS WELL. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS AND THE FORM 990 IS REVIEWED IN DETAIL BY THE TREASURER AND COO AND IS SHARED WITH THE AUDIT AND EXECUTIVE COMMITTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH BOARD QUESTIONNAIRES. THESE QUESTIONNAIRES ARE REQUIRED TO BE COMPLETED BY NEW BOARD MEMBERS AND ARE NOT REQUIRED TO BE COMPLETED ANNUALLY. IF A CONFLICT OF INTEREST IS FOUND, THE INDIVIDUAL(S) ARE PROHIBITED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 BUSINESS LEADERS FOR MICHIGAN, INC. (A RELATED NOT FOR PROFIT ORGANIZATION) CONDUCTED A COMPENSATION STUDY FOR THE CEO'S COMPENSATION AND REQUIRES EXECUTIVE COMMITTEE APPROVAL FOR ALL CEO COMPENSATION ISSUES. FOR OTHER KEY OFFICERS/EMPLOYEES, SALARY RANGES ARE REVIEWED FOR SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS AND THE CHAIRMAN APPROVES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY INVESTMENT 48,417. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR REGARDING THE COMMITTEE OVERSIGHT PROCESS. BUSINESS LEADERS FOR MICHIGAN 600 RENAISSANCE INC STE 1760 DETROIT MI 482431801 381941576 IMPROVE STATE OF MICHIGAN'S ECONOMIC COMPETITIVENESS. MI SECTION 501(C)(4) N/A 0 BUSINESS LEADERS FOR MICHIGAN POLITICAL ACTION COMMITTEE 600 RENAISSANCE INC STE 1760 DETROIT MI 482431801 273999152 POLITICAL EXPENDITURES MI 527 N/A 0 BUSINESS LEADERS FOR MICHIGAN POLITICAL ACTION COMMITTEE II 600 RENAISSANCE INC STE 1760 DETROIT MI 482431801 273999229 POLITICAL EXPENDITURES MI 527 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 BUSINESS LEADERS FOR MICHIGAN D 250161 INVOICED AMOUNTS BUSINESS LEADERS FOR MICHIGAN P 122121 MANAGEMENT ESTIMATE BUSINESS LEADERS FOR MICHIGAN O 96419 PERCENTAGE ALLOCATION