2015-11-09T12:48:10-06:00 2014-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2014-01-01 237101167 BUSINESS LEADERS FOR MICHIGAN FOUNDATION BUSI 3132595400 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 SABRINA KEELEY COO 3132595400 2015-11-08 1 LINDA YUDASZ P00053807 2483757100 2014 2016-03-07 17:11:31Z SABRINA KEELEY 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 797485 0 X BUSINESSLEADERSFORMICHIGAN.COM X 1971 MI BUSINESS LEADERS FOR MICHIGAN IS AN ORGANIZATION DEDICATED TO MAKING MICHIGAN A "TOP TEN" STATE FOR JOBS, PERSONAL INCOME AND A HEALTH ECONOMY (GDP AND POPULATION). 86 85 0 0 0 0 591250 728831 45092 68649 0 5 0 0 636342 797485 0 0 0 0 90257 94899 0 0 0 621561 814082 711818 908981 -75476 -111496 1250501 1382783 43544 219870 1206957 1162913 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 INITIATVIES THAT MAKE MICHIGAN A PLACE WHERE BUSINESS WANTS TO INVEST AND PEOPLE WANT TO LIVE AND WORK. 0 0 873254 68649 SOME OF THE 2014 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) HOSTED EX-PAT MICHIGAN EXECUTIVES TO SHARE WITH THEM THE STATE'S PROGRESS IN ECONOMIC CRITERIA AND ENCOURAGE THEM TO BRING JOBS AND INBESTMENT TO THE STATE. 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 873254 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 1 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 86 85 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X PAUL TRULIK 3132595400 600 RENAISSANCE CENTER STE 1760 DETROIT MI 482431801 DOUG ROTHWELL PRESIDENT 40.00 0.00 X X 0 669855 63579 TERENCE E ADDERLEY DIRECTOR 1.00 0.00 X 0 0 0 KEITH J ALLMAN DIRECTOR 1.00 0.00 X 0 0 0 G MARK ALYEA DIRECTOR 1.00 0.00 X 0 0 0 GERARD M ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 DAVID W BARFIELD DIRECTOR 1.00 0.00 X 0 0 0 MARY SUE BARRA DIRECTOR 1.00 0.00 X 0 0 0 ALBERT M BERRIZ DIRECTOR 1.00 0.00 X 0 0 0 MARK J BISSELL DIRECTOR 1.00 0.00 X 0 0 0 LAURENT BRESSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN CARTER DIRECTOR 1.00 0.00 X 0 0 0 GREGORY J CRABB DIRECTOR 1.00 0.00 X 0 0 0 ROBERT S CUBBIN DIRECTOR 1.00 0.00 X 0 0 0 WALTER CZARNECKI DIRECTOR 1.00 0.00 X 0 0 0 KURT L DARROW DIRECTOR 1.00 0.00 X 0 0 0 DAVID C DAUCH DIRECTOR 1.00 0.00 X 0 0 0 RICHARD L DEVORE DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS L DEVOS DIRECTOR 1.00 0.00 X 0 0 0 ALESSANDRO DINELLO DIRECTOR 1.00 0.00 X 0 0 0 STEFAN DOERR DIRECTOR 1.00 0.00 X 0 0 0 J PATRICK DOYLE DIRECTOR 1.00 0.00 X X 0 0 0 JAMES E DUNLAP DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW B ELLIOTT DIRECTOR 1.00 0.00 X 0 0 0 JEFF M FETTIG CHAIR 1.00 0.00 X X 0 0 0 WILLIAM CLAY FORD JR DIRECTOR 1.00 0.00 X 0 0 0 DANIEL GILBERT DIRECTOR 1.00 0.00 X 0 0 0 DAVID GIRODAT DIRECTOR 1.00 0.00 X 0 0 0 DAN GORDON DIRECTOR 1.00 0.00 X 0 0 0 RONALD E HALL DIRECTOR 1.00 0.00 X 0 0 0 RICHARD G HAWORTH DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER ILITCH DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J JANDERNOA DIRECTOR 1.00 0.00 X X 0 0 0 MILES E JONES DIRECTOR 1.00 0.00 X 0 0 0 HANS-WERNER KAAS DIRECTOR 1.00 0.00 X 0 0 0 ALAN JAY KAUFMAN DIRECTOR 1.00 0.00 X 0 0 0 JAMES P KEANE DIRECTOR 1.00 0.00 X 0 0 0 JOHN C KENNEDY DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN M KIRCHER DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM L KOZYRA DIRECTOR 1.00 0.00 X 0 0 0 BLAKE W KRUEGER DIRECTOR 1.00 0.00 X 0 0 0 BRIAN K LARCHE DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY LEULIETTE DIRECTOR 1.00 0.00 X 0 0 0 ANDREW N LIVERIS DIRECTOR 1.00 0.00 X 0 0 0 KEVIN LOBO DIRECTOR 1.00 0.00 X 0 0 0 DANIEL J LOEPP DIRECTOR 1.00 0.00 X 0 0 0 EVAN D LYALL DIRECTOR 1.00 0.00 X 0 0 0 BEN C MAIBACH III DIRECTOR 1.00 0.00 X 0 0 0 DENNIS MANNION DIRECTOR 1.00 0.00 X 0 0 0 RICHARD A MANOOGIAN DIRECTOR 1.00 0.00 X 0 0 0 FLORINE MARK DIRECTOR 1.00 0.00 X 0 0 0 CHARLES G MCCLURE DIRECTOR 1.00 0.00 X 0 0 0 DAVID E MEADOR DIRECTOR 1.00 0.00 X 0 0 0 HANK MEIJER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MILLER DIRECTOR 1.00 0.00 X 0 0 0 FREDERICK K MINTURN DIRECTOR 1.00 0.00 X 0 0 0 PAUL MUELLER DIRECTOR 1.00 0.00 X 0 0 0 MARK A MURRAY DIRECTOR 1.00 0.00 X 0 0 0 JAMES B NICHOLSON DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM U PARFET DIRECTOR 1.00 0.00 X X 0 0 0 CYNTHIA J PASKY DIRECTOR 1.00 0.00 X 0 0 0 ROGER S PENSKE DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM F PICKARD DIRECTOR 1.00 0.00 X 0 0 0 SANDRA E PIERCE DIRECTOR 1.00 0.00 X X 0 0 0 CHARLES H PODOWSKI DIRECTOR 1.00 0.00 X 0 0 0 JOHN RAKOLTA JR DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL RITCHIE DIRECTOR 1.00 0.00 X 0 0 0 ANDRA M RUSH DIRECTOR 1.00 0.00 X 0 0 0 JOHN G RUSSELL DIRECTOR 1.00 0.00 X 0 0 0 MARK S SCHLISSEL DIRECTOR 1.00 0.00 X 0 0 0 J DONALD SHEETS DIRECTOR 1.00 0.00 X 0 0 0 BRAD SIMMONS DIRECTOR 1.00 0.00 X 0 0 0 LOU ANNA K SIMON PHD DIRECTOR 1.00 0.00 X 0 0 0 SAM SIMON DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW J SIMONCINI DIRECTOR 1.00 0.00 X 0 0 0 BRIG SORBER DIRECTOR 1.00 0.00 X 0 0 0 ROBERT S TAUBMAN DIRECTOR 1.00 0.00 X 0 0 0 GARY TORGOW DIRECTOR 1.00 0.00 X 0 0 0 HOWARD UNGERLEIDER DIRECTOR 1.00 0.00 X 0 0 0 SAMUEL VALENTI III DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN A VAN ANDEL DIRECTOR 1.00 0.00 X 0 0 0 BRIAN C WALKER DIRECTOR 1.00 0.00 X 0 0 0 THOMAS WEBB DIRECTOR 1.00 0.00 X 0 0 0 GIL WEST DIRECTOR 1.00 0.00 X 0 0 0 M ROY WILSON DIRECTOR 1.00 0.00 X 0 0 0 ROGER J WOOD DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM C YOUNG DIRECTOR 1.00 0.00 X 0 0 0 SABRINA KEELEY COO/TREASURER 40.00 0.00 X 0 229187 57223 TIMOTHY SOWTON VICE PRESIDENT 40.00 0.00 X 0 176735 35638 KELLY CHESNEY VICE PRESIDENT 40.00 0.00 X 0 165099 30461 0 1240876 186901 0 0 1 0 0 540750 188081 728831 CEO SUMMIT 900099 68649 68649 68649 5 5 797485 68649 0 5 78508 70657 7851 4449 4004 445 8559 7703 856 3383 3045 338 207 207 7718 7718 6139 6139 1816 1816 1983 1983 3224 3224 3763 3763 723 723 664 664 COMMUNICATIONS 294691 294691 LEADERSHIP SUMMITS 255074 255074 ROAD 2 RENAISSANCE 238080 238080 908981 873254 35727 0 480071 359997 409516 582495 0 7830 225420 203822 36024 21598 324890 410863 1250501 1382783 19357 7603 24187 212267 43544 219870 X 690068 696023 516889 466890 1206957 1162913 1250501 1382783 X -111496 67452 X X 0 1 X 1 0 X 1044130 1770000 2279937 591250 728831 6414148 1044130 1770000 2279937 591250 728831 6414148 3992525 2421623 83557 5 83562 6497710 144060 0.37270 0.68210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249447 249447 374171 241429 241429 62362 62362 93543 225420 203822 21598 21598 RENAISSANCE VENTURE CAPITAL FUND 231937 DETROIT INVESTMENT FUND 178926 410863 X 864937 67452 67452 797485 0 797485 908981 0 908981 0 908981 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, 2014 AND 2013, 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 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN EQUITY INVESTMENT 67,452. 1 0 1 0 0 0 0 0 0 0 DOUG ROTHWELL PRESIDENT 0 498755 0 85000 0 86100 0 19316 0 44263 0 733434 0 0 SABRINA KEELEY COO/TREASURER 0 229187 0 0 0 0 0 16989 0 40234 0 286410 0 0 TIMOTHY SOWTON VICE PRESIDENT 0 176735 0 0 0 0 0 0 0 35638 0 212373 0 0 KELLY CHESNEY VICE PRESIDENT 0 165099 0 0 0 0 0 0 0 30461 0 195560 0 0 PART I, LINE 4B DOUG ROTHWELL PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT CONTRIBUTED TO THE PLAN IN 2014 WAS $1,816 AND BENEFIT PAYMENTS OF $86,100 WERE MADE DURING 2014. APPARATUS SOLUTIONS INC APPARATUS SOLUTIONS, INC. IS OWNED BY PAUL TRULIK FORMER OFFICER OF BLMF 6180 MANAGEMENT AND ADMINISTRATIVE SERVICES 0 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 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH BOARD QUESTIONNAIRES. 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 67,452. 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 RENAISSANCE VENTURE CAPITAL FUND I LP 600 RENAISSANCE CENTER DETROIT MI 482431801 263516895 IMPROVE MICHIGAN'S ECONOMIC COMPETITIVENESS AND TRANSFORM THE ECONOMY MI BUSINESS LEADERS FOR MICHIGAN RELATED 67452 231937 0 0 0.00560 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 BUSINESS LEADERS FOR MICHIGAN D 411490 INVOICED AMOUNTS BUSINESS LEADERS FOR MICHIGAN P 121135 MANAGEMENT ESTIMATE BUSINESS LEADERS FOR MICHIGAN O 94899 PERCENTAGE ALLOCATION