2013-05-08T14:50:18-05:00 2012-12-31 381357951 PLANTE & MORAN PLLC 111 E COURT ST SUITE 1A FLINT MI 485021647 990 2012-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 713 W ELLSWORTH ROAD SUITE A ANN ARBOR MI 48108 BRAD SHUGART 7344774789 2013-05-02 1 TADD A HARBURN P00099166 8107675350 2012 2016-02-25 16:41:14Z BORDERS GROUP FOUNDATION GEORGE MRKONIC 713 W ELLSWORTH ROAD SUITE A ANN ARBOR MI 48108 79302 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 CICUMSTANCES, INCLUDING BUT NOT LIMITED TO, DISASTER RELIEF, DOMESTIC VIOLENCE, SERIOUS MEDICAL CONDITION, OR LOSS OF HOUSEHOLD INCOME SUCH AS DIVORSE 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. 12 12 3 60 0 0 2864 18325 0 0 53098 44770 41620 7202 97582 70297 322529 160691 0 0 160289 202919 0 0 42476 197713 92315 680531 455925 -582949 -385628 4140527 3789968 4074 7713 4136453 3782255 TO STRENGTHEN THE BOOKSELLING COMMUNITY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR FAMILIES. 0 0 119600 60335 FINANCIAL ASSISTANCE PROGRAM - PROVIDES ASSISTANCE TO EMPLOYEES AND FORMER EMPLOYEES. THIS CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO 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. 209126 100000 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. 356 356 BEREAVEMENT OUTREACH AND MEMORIAL CONTRIBUTIONS: UPON THE DEATH OF AN IMMEDIATE FAMILY MEMBER THE FOUNDATION PROVIDES A CARE PACKAGE TO THE EMPLOYEE AND THEIR FAMILY TO HONOR THEIR LOVED ONE. AND A MEMORIAL DONATION IS MADE UPON THE DEATH OF AN EMPLOYEE TO A CHARITY OF THE FAMILY'S CHOICE. 329082 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 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 3 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK AZ CA CT FL IL KS KY LA ME MD MA MI MN MS NH NJ NY NC OK OR PA SC TN UT WA WV WI X X BRAD SHUGART 7344774789 713 W ELLSWORTH ROAD SUITE A ANN ARBOR MI 48108 LISA SMOLA-HOLLO 1.00 X X 0 0 0 MEGHAN HOLMES 1.00 X X 0 0 0 AMY SAMPLE 1.00 X X 0 0 0 BRAD SHUGART 1.00 X X 0 0 0 GEORGE MRKONIC 1.00 X X 0 0 0 JOANNA CLINE 0.50 X 0 0 0 CHRISTIE ROEHL 0.50 X 0 0 0 ANNE KUBEK 0.50 X 0 0 0 LORI TUCKER-SULLIVAN 0.50 X 0 0 0 SEPTEMBER WYNNE 0.50 X 0 0 0 RIANAN OZAETA 0.50 X 0 0 0 JENNIFER SOBOCINSKI 0.50 X 0 0 0 RASHID ABDUR-RAHIM 0.50 X 0 0 0 PAMELA FRENCH 40.00 X 91604 0 6472 91604 0 6472 0 0 0 0 0 11058 7267 300 18325 44770 44770 16207 11058 9005 7202 7202 70297 0 0 51972 160691 160691 98076 63750 14711 19615 77104 57322 16485 3297 12946 8790 3046 1110 14793 10247 2650 1896 280 280 21382 21382 4231 4231 2621 2621 1190 1190 18008 7983 7569 2456 14460 9399 2169 2892 220 220 2453 2453 SCHOLARSHIP MANAGEMENT 10900 10900 MARKETING 9530 9530 LICENCE AND FEES EXPENS 1994 1994 PRINTING 1680 1680 3366 3366 455925 329082 84367 42476 262123 86065 3481422 3267516 2322 0 4278 2656 389182 432531 1200 1200 4140527 3789968 4074 7713 4074 7713 X 3249630 2954737 886823 827518 4136453 3782255 4140527 3789968 -385628 31430 0 X X 1 X 0 1 0 X 534216 364060 408016 2864 18325 1327481 534216 364060 408016 2864 18325 1327481 1327481 171924 127434 70818 53098 44770 468044 7054 5092 1264 10847 24257 1819782 353804 0.72950 0.70590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2012 AND 2011, 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 2009. FALL FUNDRAISING EVENT 13163 11058 2105 6718 5 14102 14102 2287 27265 11058 16207 9005 9005 7202 1 FINANCIAL ASSISTANCE 37 60335 SCHOLARSHIPS 35 100000 BEREAVEMENT ASSISTANCE 3 356 FMV BEREAVEMENT BASKETS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 DOCUEMNTATION 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 INFOMRATION IS INCLUDED SO THAT PAYMENT IS APPLIED PROPERLY. 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. AND 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 BENCH MARK 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. CHANGES TO PROCESS OF AUDIT COMMITTEE'S OVERSIGHT RESPONSIBILITIES FORM 990, PART XI, LINE 2C NONE NOTED IN 2012