2011-05-12T15:18:30-05:00 2010-12-31 PLANTE & MORAN PLLC 111 E COURT ST SUITE 1A FLINT MI 485021647 990 2010-01-01 383279018 BORDERS GROUP FOUNDATION BORD 7344774789 100 PHOENIX DRIVE ANN ARBOR MI 48108 BRAD SHUGART 7344774789 2011-05-11 1 8107675350 2010 2016-02-24 21:20:13Z GEORGE MRKONIC 100 PHOENIX DRIVE ANN ARBOR MI 48108 591415 0 X WWW.BORDERS.COM/ONLINE/STORE/BGIVIEW_BGICOMMFOUND X 1996 MI THE BORDERS GROUP FOUNDATION IS A 501(C)(3) NONPROFIT, CHARITABLE ORGANIZATION THAT COORDINATES PROGRAMS TO STRENGTHEN AND SUPPORT BORDERS GROUP EMPLOYEES AND THEIR FAMILIES. ESTABLISHED IN 1996, THE CORE PROGRAM PROVIDES ASSISTANCE TO EMPLOYEES WHO HAVE DEMONSTRATED FINANCIAL NEED ARISING FROM SEVERE HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES. ADDITIONAL PROGRAMS INCLUDE SENDING BEREAVEMENT BASKETS WHEN ANY EMPLOYEE EXPERIENCES THE DEATH OF AN IMMEDIATE FAMILY MEMBER, AS WELL AS SCHOLARSHIPS BASED ON NEED, MERIT, AND LEADERSHIP TO EMPLOYEES AND THEIR DEPENDENTS EACH YEAR TO HELP DEFRAY THE COSTS OF HIGHER EDUCATION. 13 0 0 150 0 0 364060 408016 0 0 127434 70818 102815 68159 594309 546993 449067 432482 0 0 140204 157500 0 0 19650 100527 74809 689798 664791 -95489 -117798 4868663 4732462 28760 10357 4839903 4722105 X OUR MISSION IS TO STRENGTHEN THE BORDERS GROUP FAMILY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR COMMUNITIES. 1 1 303621 229226 0 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. 219536 156000 0 EMPLOYEE SCHOLARSHIPS: A MERIT BASED SCHOLARSHIP PROGRAM TO ASSIST EMPLOYEES AND THE DEPENDENTS OF EMPLOYEES WITH THE COSTS OF HIGHER EDUCATION, INCLUDING UNDERGRADUATE, GRADUATE, VOCATIONAL, AND TECHNICAL STUDIES. 62604 47256 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. 585761 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 1 0 0 0 0 X 13 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 100 PHOENIX DRIVE ANN ARBOR MI 48108 X LISA SMOLA-HOLLO 1.00 X X 0 107251 0 MEGHAN HOLMES 1.00 X X 0 103615 0 AMY SAMPLE 1.00 X X 0 93937 0 BRAD SHUGART 1.00 X X 0 125780 0 GEORGE MRKONIC 0.50 X X 0 27500 0 MATT CHOSID 0.50 X 0 189274 0 JOANNA GOLDSTEIN 0.50 X 0 175255 0 LINDSAY BARNES 0.50 X 0 130381 0 CHRISTIE ROEHL 0.50 X 0 63210 0 KRISTEN HUNSBERGER 0.50 X 0 73150 0 RASHID ABDUR-RAHIM 0.50 X 0 49519 0 TAMMY HUNTER 0.50 X 0 65599 0 JOHN MELNICK 0.50 X 0 203838 0 MEGAN HINTERMAN 0.50 X 0 35863 0 PAT WYNN 0.50 X 0 295891 0 NONA BENNETT 0.50 X 0 34523 0 PAMELA FRENCH 36.00 X 81180 9020 0 81180 1783606 0 0 0 1 0 0 110150 297866 3544 408016 70818 70818 111317 110150 44422 66895 66895 MISCELLANEOUS 900099 1264 1264 1264 546993 0 0 138977 7500 7500 424982 424982 85694 66842 8569 10283 66632 60697 2698 3237 5174 4058 508 608 1600 1600 27449 27449 3082 2038 1044 389 389 635 635 SCHOLARSHIP MANAGEMENT 12900 12900 ADMINISTRATIVE FEE 8086 6744 609 733 BANK SERVICE CHARGES 5867 5867 ANNUAL CAMPAIGN EXPENSE 4789 4789 LICENSE AND FEES EXPENS 3211 3211 6801 6801 664791 585761 59380 19650 563435 566607 3710035 3841858 593393 322502 1800 1495 4868663 4732462 28760 10357 28760 10357 X 3216906 3425275 1622997 1296830 4839903 4722105 4868663 4732462 -117798 X X 1 1 1 X 0 X 985200 1018099 534216 364060 408016 3309591 985200 1018099 534216 364060 408016 3309591 487000 2822591 124162 172921 171924 127434 70818 667259 422 16239 7054 5092 1264 30071 4006921 443881 0.70440 0.68290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 546993 664791 -117798 0 -117798 596567 49574 49574 546993 0 546993 714365 49574 49574 664791 0 664791 GOLF OUTING 152605 110150 42455 753 9673 13021 240 11615 HOLIDAY SALE 19129 19129 6 49733 49733 9120 221467 110150 111317 753 9673 13021 240 20735 44422 66895 1 X FINANCIAL ASSISTANCE 124 228126 DISASTER RELIEF 11 1100 SCHOLARSHIPS 60 156000 BEREAVEMENT ASSISTANCE 284 39756 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. X X 1 0 0 0 0 0 0 0 0 MATT CHOSID 0 164904 0 22500 0 1870 0 0 0 0 0 189274 0 0 JOANNA GOLDSTEIN 0 153654 0 20420 0 1181 0 0 0 0 0 175255 0 0 JOHN MELNICK 0 200000 0 3838 0 0 0 0 0 0 0 203838 0 0 PAT WYNN 0 87950 0 11964 0 195977 0 0 0 0 0 295891 0 0 PART I, LINE 4A NONA BENNETT - $4,471.88 PAT WYNN - $195,977.33 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN 2010 THE FOUNDATION PILOTED HOMELESSNESS PREVENTION AS A QUALIFYING EVENT AND GIVEN THE RESULTS OF THE PILOT, HOMELESSNESS PREVENTION WAS ADDED AS A QUALIFYING EVENT. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 IN 2010 THE ARTICLES OF INCORPORATION WERE CHANGED TO INCLUDE THE OPTION TO EXTEND PROGRAM SERVICES TO FORMER BORDERS EMPLOYEES. THROUGH A BOARD RESOLUTION FORMER EMPLOYEES WERE ADDED AS ELIGIBLE FOR ASSISTANCE CONSIDERATION AS OF 1/1/2011. FORM 990, PART VI, SECTION A, LINE 4 IN 2010 THE ARTICLES OF INCORPORATION WERE CHANGED TO INCLUDE THE OPTION TO EXTEND PROGRAM SERVICES TO FORMER BORDERS EMPLOYEES. THROUGH A BOARD RESOLUTION FORMER EMPLOYEES WERE ADDED AS ELIGIBLE FOR ASSISTANCE CONSIDERATION AS OF 1/1/2011. FORM 990, PART VI, SECTION B, LINE 11 THE FULL AND COMPLETE 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND ALL MEMBERS OF THE EXECUTIVE COMMITTEE (PRESIDENT, VICE PRESIDENT, SECRETARY, TREASURER.) THE REMAINING BOARD OF DIRECTOR MEMBERS WILL RECEIVE A FULL COPY OF THE 990 WITH THE EXCEPTION THAT THE INDIVIDUAL BOARD MEMBER'S SALARY INFORMATION WILL BE BLACKED OUT. THIS IS TO PROVIDE SOME PRIVACY OF INFORMATION REGARDING SALARY THAT IS NOT PAID BY THE FOUNDATION, BUT IS PAID BY THE BOARD MEMBER'S EMPLOYER, BORDERS GROUP. ALL SALARY INFORMATION FOR THE EXECUTIVE DIRECTOR WILL BE INCLUDED. 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. AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATION FORM 990, PART VII,COLUMN B LISA SMOLA-HOLLO: 40 HOURS MEGHAN HOLMES: 40 HOURS BRAD SHUGART: 40 HOURS AMY SAMPLE: 40 HOURS GEORGE MRKONIC: 10 HOURS MATT CHOSID: 40 HOURS JOANNA GOLDSTEIN: 40 HOURS LINDSAY BARNES: 40 HOURS CHRISTIE ROEHL: 40 HOURS KRISTEN HUNSBERGER: 40 HOURS RASHID ABDUR-RAHIM: 40 HOURS TAMMY HUNTER: 40 HOURS JOHN MELNICK: 40 HOURS MEGAN HINTERMAN: 40 HOURS PAT WYNN: 40 HOURS NONA BENNETT: 40 HOURS PAMELA FRENCH: 4 HOURS CHANGES TO PROCESS OF AUDIT COMMITTEE'S OVERSIGHT RESPONSIBILITIES FORM 990, PART XI, LINE 2C NONE NOTED IN 2010 BORDERS GROUP FOUNDATION UNITED KINGDOM PAPERCHASE PRODUCTS LTD 12 ALFRED PLACE LONDON UK WC1E7EB GRANT MAKING UK 1110350 BORDERS GROUP FOUNDATION 0 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 1 1 0 0 0 BORDERS GROUP INC O 248000 FMV