2015-05-13T08:59:24-05:00 2014-12-31 381357951 PLANTE & MORAN PLLC 1098 WOODWARD AVE DETROIT MI 48226 990 2014-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 DAVID ALTHOEN TREASURER 7344774789 2015-05-07 1 KELLIE L GOINES P00239246 3134967200 2014 2016-02-25 16:41:14Z BORDERS GROUP FOUNDATION ANNE KUBEK 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 98072 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 MANGEMENT TOOLS. 15 15 2 30 0 0 21021 42646 0 0 39337 32775 12773 0 73131 75421 145000 283343 0 0 198184 182071 0 0 42111 91051 92299 434235 557713 -361104 -482292 3479953 3010756 8936 9827 3471017 3000929 X TO STRENGTHEN THE BOOKSELLING COMMUNITY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR FAMILIES. 1 0 108054 76897 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. 275843 188263 EMPLOYEE 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. 17119 12183 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. 8431 6000 MATCHING GRANTS PILOT PROGRAM - THE FOUNDATION CONDUCTED A PILOT OF A MATCHING GRANTS PROGRAM. THIS PROGRAM ALLOWS OUR TARGETED CLIENTS TO COLLECT UP TO $2,000 FOR A SPECIFICALLY STATED HARDSHIP. AFTER VERIFICATION THE FOUNDATION WILL MATCH DOLLAR FOR DOLLAR THE AMOUNT COLLECTED UP TO $2,000. 8431 6000 409447 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 X 15 15 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 DAVID ALTHOEN 7344774789 713 W ELLSWORTH ROAD NO A ANN ARBOR MI 48108 LISA SMOLA-HOLLO DIRECTOR, PRESIDENT 1.00 X X 0 0 0 SEPTEMBER WYNNE 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 0.50 X 0 0 0 RIANAN OZAETA DIRECTOR 0.50 X 0 0 0 JENNIFER SOBOCINSKI DIRECTOR 0.50 X 0 0 0 MATTHEW GILDEA DIRECTOR 0.50 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 PAMELA FRENCH EXECUTIVE DIRECTOR 40.00 X 96604 0 5942 96604 0 5942 0 0 0 0 0 8604 34042 1480 42646 29277 29277 26149 22651 3498 3498 3498 0 8604 0 0 75421 0 0 32775 283343 283343 105216 68391 21043 15782 52644 15373 33428 3843 13740 6489 5714 1537 10471 5507 3673 1291 14931 14931 5104 5104 3285 3285 672 672 18899 8665 8234 2000 15968 10379 3194 2395 1685 1685 2332 2332 MARKETING 14253 14253 SCHOLARSHIP MANAGEMENT 11300 11300 LICENCE AND FEES EXPENS 1391 1391 BANK SERVICE CHARGES 812 812 1667 657 1010 557713 409447 106155 42111 131636 826693 2858791 1679733 1791 5416 486535 497714 1200 1200 3479953 3010756 8936 9827 8936 9827 X 2683613 2292422 787404 708507 3471017 3000929 3479953 3010756 -482292 12204 0 X X 1 X 0 1 0 X 408016 2864 18025 21021 42646 492572 408016 2864 18025 21021 42646 492572 160 492412 70818 53098 44770 39337 29277 237300 1264 10847 12111 741983 180935 0.66360 0.69250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2014 AND 2013, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. 1 FINANCIAL ASSISTANCE 39 76897 EMPLOYEE SCHOLARSHIPS 37 188263 MATCHING GRANTS 3 6000 PROFESSIONAL SCHOLARSHIPS 16 12183 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 INTIAL 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 MATCHING GRANTS PROGRAM - THE FOUNDATION CONDUCTED A PILOT OF A 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. PROFESSIONAL SCHOLARSHIPS - AFTER RECEIVING SIGNIFICANT FEEDBACK AND A PILOT PROGRAM, THE FOUNDATION BOARD ADDED A PROFESSIONAL SCHOLARSHIP PROGRAM. THIS PROGRAM PROVIDES SCHOLARSHIPS FOR BOOK INDUSTRY RELATED CONFERENCES, WORKSHOPS AND LEARNING EVENTS. FORM 990, PART VI, SECTION B, LINE 11 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 2013.