2012-05-14T10:06:23-05:00 2011-12-31 381357951 PLANTE & MORAN PLLC 111 E COURT ST SUITE 1A FLINT MI 485021647 990 2011-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 713 W ELLSWORTH ROAD SUITE A ANN ARBOR MI 48108 BRAD SHUGART 7344774789 2012-05-08 1 TADD A HARBURN P00099166 8107675350 2011 2016-02-24 21:20:13Z BORDERS GROUP FOUNDATION GEORGE MRKONIC 713 W ELLSWORTH ROAD SUITE A ANN ARBOR MI 48108 106155 0 X WWW.BORDERSFOUNDATION.ORG X 1996 MI ASSISTANCE TO EMPLOYEES AND FORMER EMPLOYEES: THE CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO EMPLOYEES AND FORMER EMPLOYEES AND THEIR IMMEDIATE FAMILIES WHO HAVE DEMONSTRATED FINANCIAL NEED ARISING FROM SEVERE HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO, DEATH OF AN EMPLOYEE OR IMMEDIATE FAMILY MEMBER, DISASTER RELIEF, EMERGENCY TRAVEL, ESSENTIAL HOME REPAIR, SERIOUS MEDICAL CONDITION, VICTIM OF CRIME, HOMELESSNESS PREVENTION OR OTHER LIFE CHANGING EVENT, SUCH AS DIVORCE OR SEPARATION. ADDITIONALLY, THE BORDERS GROUP 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 WORKSHOPS. 15 0 0 100 0 0 408016 2864 0 0 70818 53098 68159 41620 546993 97582 432482 322529 0 0 157500 160289 0 0 17541 74809 197713 664791 680531 -117798 -582949 4732462 4140527 10357 4074 4722105 4136453 X OUR MISSION IS TO STRENGTHEN THE BORDERS GROUP FAMILY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR COMMUNITIES. 1 1 255036 173393 FINANCIAL ASSISTANCE PROGRAM - PROVIDES ASSISTANCE TO EMPLOYEES AND FORMER EMPLOYEES. THIS CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO EMPLOYEES AND FORMER EMPLOYEES AND THEIR IMMEDIATE FAMILIES WHO HAVE DEMONSTRATED FINANCIAL NEED ARISING FROM SEVERE HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO, DEATH OF AN EMPLOYEE OR IMMEDIATE FAMILY MEMBER, DISASTER RELIEF, EMERGENCY TRAVEL, ESSENTIAL HOME REPAIR, SERIOUS MEDICAL CONDITION, VICTIM OF CRIME, HOMELESSNESS PREVENTION OR OTHER LIFE CHANGING EVENT, SUCH AS DIVORCE OR SEPARATION. ADDITIONALLY, THE BORDERS GROUP 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 WORKSHOPS. 197844 127167 EMPLOYEE SCHOLARSHIPS: A MERIT AND NEED BASED SCHOLARSHIP PROGRAM TO ASSIST EMPLOYEES AND THE DEPENDENTS OF EMPLOYEES WITH THE COSTS OF HIGHER EDUCATION, INCLUDING UNDERGRADUATE, GRADUATE, VOCATIONAL, AND TECHNICAL STUDIES. 27901 21969 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. 480781 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 0 0 0 1 0 0 0 0 1 1 0 0 0 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 BRAD SHUGART 7344774789 713 W ELLSWORTH ROAD SUITE A ANN ARBOR MI 48108 X 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 KRISTEN HUNSBERGER 0.50 X 0 0 0 RASHID ABDUR-RAHIM 0.50 X 0 0 0 TAMMY HUNTER 0.50 X 0 0 0 TINA IULIANELLI 0.50 X 0 0 0 RIANAN OZAETA 0.50 X 0 0 0 VALERIE QUEEN 0.50 X 0 0 0 JENNIFER SOBOCINSKI 0.50 X 0 0 0 SEPTEMBER WYNNE 0.50 X 0 0 0 PAMELA FRENCH 40.00 X 90467 0 0 90467 0 0 0 0 0 0 0 2864 2864 53098 53098 39346 8573 30773 30773 MISCELLANEOUS 900099 10847 10847 10847 97582 0 0 94718 3000 3000 319529 319529 85943 67036 8594 10313 69689 63395 2861 3433 4657 3661 453 543 1535 1535 28559 28559 7082 3397 3441 244 3726 2906 373 447 357 357 261 261 319 319 BAD DEBT EXPENSE 128398 0 128398 SCHOLARSHIP MANAGEMENT 10800 10800 ADMINISTRATIVE FEE 8436 7057 627 752 LICENCE AND FEES EXPENS 3036 3036 5204 3395 1809 680531 480781 182209 17541 566607 262123 3841858 3481422 322502 2322 4278 389182 1495 1200 4732462 4140527 10357 4074 10357 4074 X 3425275 3249630 1296830 886823 4722105 4136453 4732462 4140527 X -582949 -2703 X X 1 1 1 X 0 X 1018099 534216 364060 408016 2864 2327255 1018099 534216 364060 408016 2864 2327255 235036 2092219 172921 171924 127434 70818 53098 596195 16239 7054 5092 1264 10847 40496 2963946 422173 0.70590 0.70440 X 0 97582 680531 -582949 -2703 -2703 -585652 132359 -2703 37480 34777 97582 0 97582 718011 37480 37480 680531 0 680531 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 AND 2010, 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 2008. 51 39346 39346 8573 39346 39346 8573 8573 30773 NO SINGLE FUNDRAISING EVENT HAD OVER $5,000 IN GROSS RECEIPTS. 1 X FINANCIAL ASSISTANCE 101 173393 SCHOLARSHIPS 38 127167 BEREAVEMENT ASSISTANCE 173 18969 FMV GIFT 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. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN 2011, FORMER BORDERS EMPLOYEES BECAME ELIGIBLE TO APPLY FOR BOTH THE FINANCIAL ASSISTANCE PROGRAM AND THE SCHOLARSHIP PROGRAM. IN ADDITION, IN 2011, THE BOARD OF DIRECTORS VOTED TO PURSUE A NEW STRATEGIC PLAN. THIS NEW STRATEGY EXPANDS THE ELIGIBLE CLIENT BASE TO INCLUDE EMPLOYEES THROUGHOUT THE BOOK INDUSTRY, BEGINNING IN JANUARY 2012. IN 2012, EMPLOYEES OF BOOK RETAILERS WITH AT LEAST 50% OF THEIR SALES/REVENUE COMING FROM BOOKS, ARE ELIGIBLE TO APPLY FOR ASSISTANCE. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 DUE TO THE BORDERS STORES LIQUIDATION AND THE ELIMINATION OF ALL BORDERS EMPLOYEES JOBS, THE BEREAVEMENT PROGRAM WAS DISCOUNTINUED IN NOVEMBER 2011. FORM 990, PART VI, SECTION A, LINE 4 DURING 2011 THE ORGANIZATION'S NAME WAS CHANGED FROM BORDERS GROUP FOUNDATION TO BOOK INDUSTRY CHARITABLE FOUNDATION. ALSO THE ORGANIZATION EXPANDED THE MISSION TO INCLUDE THE ENTIRE BOOK INDUSTRY. FORM 990, PART VI, SECTION B, LINE 11 THE FULL AND COMPLETE 990 WILL BE ISSUED ELECTRONICALLY TO ALL BOARD MEMBERS AND 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 NEW BOD MEMBERS ARE REQUIRED TO SIGN AND RETURN THE CONFLICT OF INTEREST STATEMENT. 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. 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 WHEN THE POSITION WAS LAST OPEN/POSTED, FALL 2008. 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. ESTIMATE OF THE AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS FORM 990, PART VII, LINE 1A, COLUMN A LISA SMOLA-HOLLO: 40 HOURS THROUGH 10/15/11 MEGHAN HOLMES: 40 HOURS THROUGH 2/11/11 BRAD SHUGART: 40 HOURS THROUGH 11/4/11 AMY SAMPLE: 40 HOURS THROUGH 8/19/11 GEORGE MRKONIC: 0 HOURS RASHID ABDUR-RAHIM: 40 HOURS THROUGH 12/31/11 JOANNA CLINE: 40 HOURS THROUGH 7/29/11 KRISTEN HUNSBERGER: 40 HOURS THROUGH 8/19/11 TAMMY HUNTER: 40 HOURS THROUGH 7/16/11 TINA IULIANELLI: 40 HOURS THROUGH 9/30/11 RIANAN OZAETA: 40 HOURS THROUGH 10/15/11 VALERIE QUEEN: 40 HOURS THROUGH 7/29/11 CHRISTIE ROEHL: 40 HOURS THROUGH 9/13/11 JENNIFER SOBOCINSKI: 40 HOURS THROUGH 3/10/11 SEPTEMBER WYNNE: 40 HOURS THROUGH 12/31/11 PAMELA FRENCH: 0 HOURS CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,703. CHANGES TO PROCESS OF AUDIT COMMITTEE'S OVERSIGHT RESPONSIBILITIES FORM 990, PART XI, LINE 2C NONE NOTED IN 2011 BORDERS GROUP INC 100 PHOENIX DRIVE ANN ARBOR MI 48108 323294588 RETAIL MI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 BORDERS GROUP INC O 197480 FMV