2012-11-14T08:17:21-06:00 2011-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2011-01-01 237101167 BUSINESS LEADERS FOR MICHIGAN FOUNDATION BUSI 3132595400 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 SABRINA KEELEY 3132595400 2012-11-01 1 P00053807 2483757100 2011 2016-02-24 21:20:13Z SABRINA KEELEY 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 1770000 0 X BUSINESSLEADERSFORMICHIGAN.COM X 1971 MI BUSINESS LEADERS FOR MICHIGAN IS AN ORGANIZATION DEDICATED TO MAKING MICHIGAN A "TOP TEN" STATE FOR JOB AND ECONOMIC GROWTH. 88 87 0 0 0 0 1044130 1770000 0 0 83557 0 5078 0 1132765 1770000 0 0 0 0 0 728825 0 0 0 3910423 1260112 3910423 1988937 -2777658 -218937 1585514 1580358 111365 317100 1474149 1263258 X BUSINESS LEADERS FOR MICHIGAN IS AN ORGANIZATION DEDICATED TO MAKING MICHIGAN A "TOP TEN" STATE FOR JOB, ECONOMIC AND PERSONAL INCOME GROWTH. 0 0 1693129 0 SOME OF THE 2010 PROGRAM SERVICE ACCOMPLISHMENTS ARE AS FOLLOWS:1.) COMPLETED BENCHMARKING STUDIES COMPARING MICHIGAN'S COMPETITIVENESS TO OTHER STATES AND REGIONS.2.) SUPPORTED THE DEVELOPMENT OF THE DETROIT REGIONAL AEROTROPOLIS. BLM IS A FOUNDING SUPPORTER OF EFFORTS TO DEVELOP THE 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 AND $10 BILLION IN INVESTMENT OVER THE LONG TERM.3.) POSITIONED THE REGION TO IMPROVE ITS PERCEPTION BY CONTINUING TO SUPPORT THE DETROIT REGIONAL NEWS HUB, A MEDIA RELATIONS PROGRAM THAT WILL MANAGE A REGIONAL COMMUNICATION STRATEGY TO PROMOTE THE REGION'S ASSETS LOCALLY AND GLOBALLY.4.) 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 INNOVATION5.) ACCELERATE MICHIGAN (UNIVERSITY-BUSINESS PARTNERSHIP) - BLM CREATED A PARTNERSHIP WITH THE STATE'S THREE MAJOR RESEARCH UNIVERSITIES CALLED "ACCELERATE MICHIGAN" (AM). THE PARTNERSHIP IS DESIGNED TO STRENGTHEN ENTREPRENEURSHIP AND INNOVATION IN THE SOUTHEAST MICHIGAN REGION THROUGH COORDINATED INTERACTION BETWEEN THE BUSINESS COMMUNITY AND THE STATE'S STRONG UNIVERSITY SYSTEM. AM'S MISSION FOCUSES ON THREE AREAS IN PARTICULAR: CHAMPIONING ENTREPRENEURSHIP AND INNOVATION IN MICHIGAN (CULTURAL), GROWING CAPACITY TO SCALE IDEAS (CAPITAL) AND CATALYZING CLUSTERS OF INNOVATION (COLLABORATION). THE ULTIMATE GOALS ARE TO SUPPORT ENTREPRENEURS, GROW JOBS AND DIVERSIFY THE STATE'S ECONOMY.A COMPLETE LIST OF ACCOMPLISHMENTS FOR THIS ORGANIZATION CAN BE FOUND AT WWW.BUSINESSLEADERSFORMICHIGAN.COM 1693129 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 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 88 87 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X PAUL TRULIK 3132595400 600 RENAISSANCE CENTER STE 1760 DETROIT MI 482431801 DOUG ROTHWELL 40.00 X X 0 558838 54267 DAVID W JOOS 1.00 X X 0 0 0 TERENCE E ADDERLEY 1.00 X 0 0 0 DAVID F AKERSON 1.00 X 0 0 0 MARK ALYEA 1.00 X 0 0 0 WILLIAM CLAY FORD JR 1.00 X 0 0 0 GERARD M ANDERSON 1.00 X 0 0 0 JON E BARFIELD 1.00 X 0 0 0 ALBERT M BERRIZ 1.00 X 0 0 0 MARK J BISSELL 1.00 X 0 0 0 STEPHEN J BOSHOVEN 1.00 X 0 0 0 JOHN BRYANT 1.00 X 0 0 0 STEPHEN K CARLISLE 1.00 X 0 0 0 MARY SUE COLEMAN 1.00 X 0 0 0 TIMOTHY P COLLINS 1.00 X 0 0 0 ROBERT S CUBBIN 1.00 X 0 0 0 KURT L DARROW 1.00 X 0 0 0 DAVID C DAUCH 1.00 X 0 0 0 RICHARD L DEVORE 1.00 X 0 0 0 DOUGLAS L DEVOS 1.00 X 0 0 0 J PATRICK DOYLE 1.00 X 0 0 0 JAMES E DUNLAP 1.00 X 0 0 0 FREDERICK H EPPINGER 1.00 X 0 0 0 JEFF M FETTIG 1.00 X 0 0 0 YOUSIF B GHAFARI 1.00 X 0 0 0 DANIEL GILBERT 1.00 X 0 0 0 ALLAN D GILMOUR 1.00 X 0 0 0 ALFRED R GLANCY III 1.00 X 0 0 0 DAN GORDON 1.00 X 0 0 0 STEPHEN E GORMAN 1.00 X 0 0 0 JAMES P HACKETT 1.00 X 0 0 0 RONALD E HALL 1.00 X 0 0 0 RICHARD G HAWORTH 1.00 X 0 0 0 CHRISTOPHER ILITCH 1.00 X 0 0 0 MICHAEL J JANDERNOA 1.00 X 0 0 0 MILES E JONES 1.00 X 0 0 0 HANS-WERNER KAAS 1.00 X 0 0 0 ALAN JAY KAUFMAN 1.00 X 0 0 0 JOHN C KENNEDY 1.00 X 0 0 0 STEPHEN M KIRCHER 1.00 X 0 0 0 BLAKE W KRUEGER 1.00 X 0 0 0 ANDREW N LIVERIS 1.00 X 0 0 0 DANIEL J LOEPP 1.00 X 0 0 0 STEPHEN P MACMILLAN 1.00 X 0 0 0 BEN C MAIBACH III 1.00 X 0 0 0 TIMOTHY M MANGANELLO 1.00 X 0 0 0 RICHARD A MANOOGIAN 1.00 X 0 0 0 FLORINE MARK 1.00 X 0 0 0 SARAH L MCCLELLAND 1.00 X 0 0 0 CHARLES G MCCLURE 1.00 X 0 0 0 DAVID E MEADOR 1.00 X 0 0 0 HANK MEIJER 1.00 X 0 0 0 MICHAEL MILLER 1.00 X 0 0 0 MARK A MURRAY 1.00 X 0 0 0 CATHLEEN H NASH 1.00 X 0 0 0 JAMES B NICHOLSON 1.00 X 0 0 0 THOMAS D OGDEN 1.00 X 0 0 0 JAMES O'LEARY 1.00 X 0 0 0 WILLIAM U PARFET 1.00 X 0 0 0 CYNTHIA J PASKY 1.00 X 0 0 0 ROGER S PENSKE 1.00 X 0 0 0 WILLIAM F PICKARD 1.00 X 0 0 0 SANDRA E PIERCE 1.00 X 0 0 0 GERRY PODESTA 1.00 X 0 0 0 CHARLES H PODOWSKI 1.00 X 0 0 0 STEPHEN R POLK 1.00 X 0 0 0 JOHN RAKOLTA JR 1.00 X 0 0 0 ANDRA M RUSH 1.00 X 0 0 0 JOHN G RUSSELL 1.00 X 0 0 0 RICHARD F RUSSELL 1.00 X 0 0 0 ALAN F SCHULTZ 1.00 X 0 0 0 ALAN E SCHWARTZ 1.00 X 0 0 0 J DONALD SHEETS 1.00 X 0 0 0 BRAD SIMMONS 1.00 X 0 0 0 LOU ANNA K SIMON PH D 1.00 X 0 0 0 SAM SIMON 1.00 X 0 0 0 MATTHEW J SIMONCINI 1.00 X 0 0 0 BRIG SORBER 1.00 X 0 0 0 DONALD J STEBBINS 1.00 X 0 0 0 DOUGLAS W STOTLAR 1.00 X 0 0 0 ROBERT S TAUBMAN 1.00 X 0 0 0 SAMUEL VALENTI III 1.00 X 0 0 0 STEPHEN A VAN ANDEL 1.00 X 0 0 0 MICHELLE L VAN DYKE 1.00 X 0 0 0 TIMOTHY WADHAMS 1.00 X 0 0 0 BRIAN C WALKER 1.00 X 0 0 0 WILLIAM H WEIDEMAN 1.00 X 0 0 0 WILLIAM C YOUNG 1.00 X 0 0 0 SABRINA KEELEY 40.00 X 0 234200 41339 TIMOTHY SOWTON 40.00 X 0 187000 31157 KELLY CHESNEY 40.00 X 0 131000 23952 0 1111038 150715 0 0 1 0 PUBLIC SECTOR CONSULTANTS 600 W ST JOSEPH STE 10 LANSING MI 48933 CONSULTING SERVICES 151540 1 645000 1125000 1770000 1770000 0 0 0 X 603954 543559 60395 37972 34175 3797 61332 55199 6133 25567 23010 2557 8739 8739 16245 16245 56874 56874 19970 19970 26035 26035 19439 19439 13009 13009 7220 7220 ROAD 2 RENAISSANCE 218792 218792 URBAN STRATEGIES 151540 151540 UNIVERSITY BUSINESS PAR 150000 150000 COMMUNICATIONS 129043 129043 443206 387811 55395 1988937 1693129 295808 0 473456 878748 95000 208671 709604 169803 194583 121194 76554 73389 230900 249747 1585514 1580358 111365 100078 208671 8351 111365 317100 X 637643 645544 836506 617714 1474149 1263258 1585514 1580358 X -218937 8046 X 0 1 1 X 0 X 8778987 5168581 4644364 1044130 1770000 21406062 8778987 5168581 4644364 1044130 1770000 21406062 7337740 14068322 1114398 760464 120867 83557 2079286 23485348 839515 0.59900 0.60110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 241429 241429 1747508 1988937 249447 62362 0 0 450047 459100 249447 1158594 1737891 192000 66000 241429 499429 112512 114775 62362 289649 434474 194583 121194 73389 73389 VENTURE CAPITAL FUND 249747 249747 1770000 1988937 -218937 8046 8046 -210891 1777876 7876 7876 1770000 0 1770000 1988937 0 1988937 0 1988937 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 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 COMPANIES AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2011 AND 2010, 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 COMPANIES ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE COMPANIES BELIEVE THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: 2010 ADJUSTMENT TO EQUITY INVESTMENT 170. 2011 ADJUSTMENT TO EQUITY INVESTMENT 7,876. TOTAL TO SCHEDULE D, PART XI, LINE 8: 8,046. PART XII, LINE 2D - OTHER ADJUSTMENTS: 2011 CHANGE IN EQUITY INVESTMENT 7,876. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DOUG ROTHWELL 0 455038 0 25000 0 78800 0 18600 0 35667 0 613105 0 0 SABRINA KEELEY 0 213200 0 21000 0 0 0 16100 0 25239 0 275539 0 0 TIMOTHY SOWTON 0 170000 0 17000 0 0 0 0 0 31157 0 218157 0 0 KELLY CHESNEY 0 125000 0 6000 0 0 0 0 0 23952 0 154952 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. THE AMOUNT CONTRIBUTED TO THE PLAN IN 2011 WAS $2,100 AND BENEFIT PAYMENTS OF $78,800 WERE MADE DURING 2011. APPARATUS SOLUTIONS INC APPARATUS SOLUTIONS, INC. IS OWNED BY PAUL TRULIK FORMER OFFICER OF BLMF 66000 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, COO, AUDIT COMMITTEE, AND EXECUTIVE COMMITTEE PRIOR TO FILING. 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 THE 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. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E LEADERSHIP SUMMIT: PROGRAM SERVICE EXPENSES 117,304. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,304. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 91,835. MANAGEMENT AND GENERAL EXPENSES 1,395. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,230. HIGHER EDUCATION ANALYSIS: PROGRAM SERVICE EXPENSES 88,465. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,465. SHARED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 54,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,000. REGIONAL COLLABORATION: PROGRAM SERVICE EXPENSES 50,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,000. CORPORATE INCOME TAX PROJECT: PROGRAM SERVICE EXPENSES 40,207. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,207. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 2010 ADJUSTMENT TO EQUITY INVESTMENT 170. 2011 ADJUSTMENT TO EQUITY INVESTMENT 7,876. TOTAL TO FORM 990, PART XI, LINE 5: 8,046. 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 3194 66795 0 0 0.00560 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 BUSINESS LEADERS FOR MICHIGAN D 169803 INVOICED AMOUNTS BUSINESS LEADERS FOR MICHIGAN O 1433500 MANAGEMENT ESTIMATE BUSINESS LEADERS FOR MICHIGAN N 728826 PERCENTAGE ALLOCATION BUSINESS LEADERS FOR MICHIGAN C 1125000 ACTUAL AMOUNT