2011-07-15T09:11:19-05:00 2010-12-31 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2010-01-01 237101167 BUSINESS LEADERS FOR MICHIGAN FOUNDATION BUSI 3132595400 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 SABRINA KEELEY 3132595400 2011-06-29 1 2483757100 2010 2016-02-24 21:20:13Z SABRINA KEELEY 600 RENAISSANCE CENTER NO 1760 DETROIT MI 482431801 1132765 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. X 77 76 0 0 0 0 4644364 1044130 381022 0 120867 83557 0 5078 5146253 1132765 0 0 0 0 0 0 0 0 0 6182005 3910423 6182005 3910423 -1035752 -2777658 27299175 1585514 1931795 111365 25367380 1474149 X BUSINESS LEADERS FOR MICHIGAN IS AN ORGANIZATION DEDICATED TO MAKING MICHIGAN A "TOP TEN" STATE FOR JOB AND ECONOMIC GROWTH. 0 0 3848385 0 SOME OF THE 2010 PROGRAM SERVICE ACCOMPLISHMENTS ARE AS FOLLOWS:1.) COMPLETED BENCHMARKING STUDIES COMPARING MICHIGAN'S COMPETITIVENESS TO OTHER 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.) FUNDED A NEW DOWNTOWN MARKETING PROGRAM BY PARTNERING WITH THE DOWNTOWN DETROIT PARTNERSHIP.5.) CONTINUATION OF THE DETROIT PUBLIC SPACE FUND CONSISTING OF A PERMANENT EXPENDABLE ENDOWMENT TO MAINTAIN PUBLIC SPACES IN GREATER DOWNTOWN.6.) FUNDED A DETROIT FOCUSED BUSINESS ATTRACTION PROGRAM.7.) 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 INNOVATION8.) 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 3848385 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 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 1 0 1 0 0 0 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 X 77 76 0 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 429355 61706 DAVID W JOOS 1.00 X X 0 0 0 MARK ALYEA 1.00 X 0 0 0 WILLIAM CLAY FORD JR 1.00 X 0 0 0 THOMAS A AMATO 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 K CARLISLE 1.00 X 0 0 0 KEITH COCKRELL 1.00 X 0 0 0 MARY SUE COLEMAN 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 ANTHONY F EARLEY JR 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 JOHN C KENNEDY 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 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 HANK MEIJER 1.00 X 0 0 0 MICHAEL MILLER 1.00 X 0 0 0 MARK D MORELLI 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 ROBERT E ROSSITER 1.00 X 0 0 0 RICHARD F RUSSELL 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 DONALD J STEBBINS 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 222664 19378 TIMOTHY SOWTON 40.00 X 0 151054 11536 0 803073 92620 0 0 1 0 MARGE SORGE 38732 LANCASTER LIVONIA MI 48154 PROGRAM EXECUTIVE DIRECTOR 180000 1 665000 379130 1044130 83557 83557 OTHER 900099 5078 5078 5078 1132765 0 0 88635 148706 132146 16560 3236 3236 4677 4677 318 318 38178 20000 18178 6597 6597 10654 2175 8479 2899 2899 1412 1412 ROAD 2 RENAISSANCE 1290400 1290400 LOAN LOSS RESERVE 1052139 1052139 PUBLIC SPACE FUND 935180 935180 MI TURNAROUND PLAN 213000 213000 UNIVERSITY BUSINESS PAR 113296 113296 89731 89731 3910423 3848385 62038 0 530737 473456 18588215 391831 95000 786428 709604 169662 93108 91717 76554 6910247 230900 27299175 1585514 14261 111365 310000 1607534 0 1931795 111365 X 546081 637643 24821299 836506 25367380 1474149 27299175 1585514 X -2777658 -21115573 X 0 1 1 X 0 X 5031282 8778987 5168581 4644364 1044130 24667344 5031282 8778987 5168581 4644364 1044130 24667344 8020886 16646458 932649 1114398 760464 120867 83557 3011935 12942 12942 27692221 839515 0.60110 0.50010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 366982 450047 459100 1276129 1914194 158400 192000 66000 416400 91746 112512 114775 319033 478550 169662 93108 76554 76554 VENTURE CAPITAL FUND 230900 230900 1132765 3910423 -2777658 -21115573 -21115573 -23893231 1082765 0 1082765 50000 50000 1132765 3910423 0 3910423 0 3910423 PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON CONTRIBUTIONS RECEIVABLE -50,000. TRANSFER OF NET ASSETS -21,065,573. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON CONTRIBUTIONS RECEIVABLE 50,000. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DOUG ROTHWELL 0 404355 0 25000 0 0 0 19746 0 41960 0 491061 0 0 SABRINA KEELEY 0 201964 0 20700 0 0 0 0 0 19378 0 242042 0 0 TIMOTHY SOWTON 0 136054 0 15000 0 0 0 0 0 11536 0 162590 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 2010 WAS $19,746. APPARATUS SOLUTIONS INC APPARATUS SOLUTIONS, INC. IS OWNED BY PAUL TRULIK FORMER OFFICER OF BLMF 120000 MANAGEMENT AND ADMINISTRATIVE SERVICES 0 TRANSFERRED CASH, NET NOTES RECEIVABLE FROM LOAN FUNDS, & 75% OF LTD PARTNERSHIP INTEREST IN RVCF. 2010-09-30 21065573 ACTUAL COST 271927369 INVEST DETROIT FOUNDATION 600 RENAISSANCE CENTER SUITE DETROIT MI 48243 501(C)3 0 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: LOSS ON CONTRIBUTIONS RECEIVABLE -50,000. TRANSFER OF NET ASSETS -21,065,573. TOTAL TO FORM 990, PART XI, LINE 5: -21,115,573. 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 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 BUSINESS LEADERS FOR MICHIGAN D 376604 INVOICED AMOUNTS BUSINESS LEADERS FOR MICHIGAN O 444074 MANAGEMENT ESTIMATE BUSINESS LEADERS FOR MICHIGAN N 165600 PERCENTAGE ALLOCATION