2024-05-13T12:37:02-04:00 2023-12-31 461335331 ALTRUIC ADVISORS CPAS 417 FOREST AVENUE PLYMOUTH MI 48170 990 2023-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 3135 S STATE STREET SUITE 203 ANN ARBOR MI 48108 JONATHAN PUTNAM TREASURER 7344774789 2024-05-10 JONATHAN PUTNAM 999009999 false RYAN N HAGAN CPA P00293011 8882985297 2024-05-10 2023 2023-04-26 12:10:37Z JONATHAN PUTNAM 3135 S STATE ST SUITE 203 ANN ARBOR MI 48108 923509 false X WWW.BINCFOUNDATION.ORG X 1996 MI THE CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO BOOK AND COMIC INDUSTRY EMPLOYEES, INCLUDING BOOKSTORE AND COMIC SHOP 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 CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO, DISASTER RELIEF, DOMESTIC VIOLENCE, SERIOUS MEDICAL CONDITION, OR LOSS OF HOUSEHOLD INCOME SUCH AS DIVORCE OR SEPARATION, DEATH OF AN EMPLOYEE OR IMMEDIATE FAMILY MEMBER. ADDITIONALLY, THE BOOK INDUSTRY CHARITABLE FOUNDATION MADE AVAILABLE OTHER TOOLS TO HELP AFFECTED EMPLOYEES AND OWNERS BETTER MANAGE WITH ONGOING FINANCIAL CHALLENGES. THESE TOOLS INCLUDE HEALTH CARE RESOURCES DIRECTORIES, BUDGET PLANNING GUIDES AND FINANCIAL MANAGEMENT TOOLS. 12 12 9 48 0 898774 861644 0 57581 61865 0 956355 923509 434194 508641 0 448850 534979 0 213514 249097 309800 1132141 1353420 -175786 -429911 2966872 2795603 83036 69228 2883836 2726375 X TO STRENGTHEN THE BOOKSELLING COMMUNITY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR FAMILIES. false false 525340 406913 FINANCIAL ASSISTANCE PROGRAM - PROVIDES ASSISTANCE TO EMPLOYEES, OWNERS, AND FORMER EMPLOYEES. THIS CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO BOOK AND COMIC INDUSTRY EMPLOYEES, OWNERS, 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. 30518 30518 PROFESSIONAL DEVELOPMENT SCHOLARSHIPS - THE FOUNDATION BELIEVES THAT THE FUTURE OF HEALTHY BOOKSTORES AND COMIC STORES LIES IN THE CONTINUING EDUCATION OF THE OWNERS AND EMPLOYEES. TO ENCOURAGE FURTHER BUSINESS DEVELOPMENT AND CAREER GROWTH, THE FOUNDATION OFFERS SCHOLARSHIPS FOR SEVERAL PROFESSIONAL INDUSTRY EVENTS AND CERTIFICATE PROGRAMS. THE SCHOLARSHIPS ARE MERIT AND NEED-BASED. 72264 71210 DISASTER RELIEF PROGRAM - DESIGNED TO ASSIST BOOK AND COMIC STORE OWNERS IF THEIR STORE WAS IMPACTED BY A NATURAL DISASTER, INCLUDING PUBLIC HEALTH EMERGENCIES. ANY ASSISTANCE GIVEN IS OUTSIDE OF WHAT IS COVERED BY INSURANCE AND DOES NOT INCLUDE ANY PAYMENTS TO MERCHANDISE VENDORS. THE STORE MUST DEMONSTRATE A FINANCIAL CRISIS BROUGHT ABOUT BY A NATURAL DISASTER INCLUDING LOSS OF INCOME DUE TO DISRUPTION OF BUSINESS. THE FOUNDATION IS ABLE TO HELP BY PAYING NEEDED RENT AND/OR UTILITIES. 225486 UNDERSERVED MARKETS - OFFERS A TAILORED SUITE OF RESOURCES AND EDUCATION TO A GROUP OF UNDERREPRESENTED BOOKSELLERS TRYING TO OPEN BOOKSTORES IN AREAS IMPACTED BY SYSTEMIC RACISM. THE PROGRAM WILL LAUNCH AS A BOOKSTORE INCUBATOR AND AIMS TO GROW CAPACITY AND EXPAND STORES IN UNDERSERVED MARKETS. IN ADDITION, THE FOUNDATION PLANS TO PLAY THE ROLE OF A BACKBONE ORGANIZATION AND BRING RESOURCES AND PEOPLE FROM ACROSS THE INDUSTRY TOGETHER TO HELP EXPAND STORES IN UNDERSERVED MARKETS IN THE U.S. 225486 853608 true true false false false false false false false false false false false false true false false false false false false false false false false false false true true false false false false false false false false false true false false false false false false false false true 6 0 9 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false AL AK AZ AR CA CT FL GA HI KS KY ME MI MN MS NH NJ NM NY ND OH OK OR PA RI WV NC SC TN UT VA WA X X X JONATHAN PUTNAM 7344710202 3135 S STATE STREET SUITE 203 ANN ARBOR MI 48108 PAMELA FRENCH EXECUTIVE DI 40.00 X 120638 0 6791 ERIN COFFEY DIRECTOR 0.50 X 0 0 0 JULIA COWLISHAW SECRETARY 0.50 X 0 0 0 CALVIN CROSBY DIRECTOR 0.50 X 0 0 0 EILEEN DENGLER DIRECTOR 0.50 X 0 0 0 ROCKELLE HENDERSON DIRECTOR 0.50 X 0 0 0 KUO-YU LIANG DIRECTOR 0.50 X 0 0 0 STEVEN MALK DIRECTOR 0.50 X 0 0 0 CHRIS MORROW VICE PRESIDE 1.00 X X 0 0 0 ANDY PERHAM DIRECTOR 0.50 X 0 0 0 ANNIE PHILBRICK PRESIDENT 1.00 X X 0 0 0 JONATHAN PUTNAM TREASURER 1.00 X X 0 0 0 CHUCK ROBINSON DIRECTOR 0.50 X 0 0 0 120638 6791 1 false false false 861644 66120 861644 61865 61865 923509 61865 16354 16354 492287 492287 122728 55228 30682 36818 335563 154130 88787 92646 7691 1609 3909 2173 26784 14140 5078 7566 42213 19285 11004 11924 6840 6840 56249 28760 27489 7308 2750 4558 4216 2108 1054 1054 949 190 759 93316 36957 54511 1848 23069 5767 11535 5767 38764 19382 9691 9691 21759 3829 14102 3828 2574 643 1287 644 BANK AND CREDIT CARD FEES 33571 8393 25178 DEVELOPMENT COSTS 11604 11604 LICENSES & FEES 3300 3300 SUPPLIES 2987 149 2539 299 3294 230 1349 1715 1353420 853608 286298 213514 294226 173467 70084 90078 4941 2000 5531 12738 2544866 2488695 47224 28625 2966872 2795603 37226 41797 45810 27431 83036 69228 X 2471663 2333796 412173 392579 2883836 2726375 2966872 2795603 -429911 272450 X false true X true false X 537427 5117785 2176067 898774 861644 9591697 537427 5117785 2176067 898774 861644 9591697 451641 9140056 58890 42602 49075 57581 61865 270013 9861710 24371 0.92680 0.91810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED OPERATING LEASE OBLIGATION 27431 27431 1295820 272450 99861 372311 923509 923509 1453281 99861 99861 1353420 1353420 true AMERICAN BOOKSELLERS ASSOCIATION 333 WESTCHESTER AVENUE SUITE S202 WHITE PLAINS NY 10604 135676641 501C3 16354 FMV SCHOLARSHIP 1 FINANCIAL ASSISTANCE 369 406913 PROF DEV SCHOLARSHIPS 38 14164 STORE DISASTER RELIEF 14 71210 SCHEDULE I, PAGE 1, 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 INITIAL GRANT REQUEST AND POTENTIAL GRANT AMOUNT. THE GRANT APPLICANT MUST PROVIDE ALL RELEVANT DOCUMENTATION 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 TYPICALLY 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 INFORMATION IS INCLUDED SO THAT PAYMENT IS APPLIED PROPERLY. X 1 66120 SOFTWARE false false false FORM 990, PAGE 2, PART III, LINE 4A FINANCIAL ASSISTANCE PROGRAM - PROVIDES ASSISTANCE TO EMPLOYEES, OWNERS, AND FORMER EMPLOYEES. THIS CENTERPIECE PROGRAM PROVIDES SHORT-TERM FINANCIAL ASSISTANCE TO BOOK AND COMIC INDUSTRY EMPLOYEES, OWNERS, 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. FORM 990, PAGE 2, PART III, LINE 4D UNDERSERVED MARKETS - OFFERS A TAILORED SUITE OF RESOURCES AND EDUCATION TO A GROUP OF UNDERREPRESENTED BOOKSELLERS TRYING TO OPEN BOOKSTORES IN AREAS IMPACTED BY SYSTEMIC RACISM. THE PROGRAM WILL LAUNCH AS A BOOKSTORE INCUBATOR AND AIMS TO GROW CAPACITY AND EXPAND STORES IN UNDERSERVED MARKETS. IN ADDITION, THE FOUNDATION PLANS TO PLAY THE ROLE OF A BACKBONE ORGANIZATION AND BRING RESOURCES AND PEOPLE FROM ACROSS THE INDUSTRY TOGETHER TO HELP EXPAND STORES IN UNDERSERVED MARKETS IN THE U.S. FORM 990, PAGE 6, PART VI, LINE 11B 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, PAGE 6, PART VI, LINE 12C THE POLICY IS REVIEWED EACH YEAR WHEN NEW BOD MEMBERS ARE ADDED. ALL BOD MEMBERS ARE REQURED 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. FORM 990, PAGE 6, PART VI, LINE 15A A COMPENSATION REVIEW OF THE EXECUTIVE DIRECTOR'S SALARY WAS CONDUCTED AT THE END OF 2022 BY THE EXECUTIVE COMMITTEE, LED BY THE BOARD PRESIDENT. AS PART OF THIS PROCESS, IN ADDITION TO HISTORICAL AND COMPARATIVE DATA, THE EXECUTIVE COMMITTEE CONSIDERED THE EFFECTS OF INFLATION AFTER SEVERAL YEARS OF SALARY FREEZE, AS WELL AS THE GROWTH OF THE ORGANIZATION SINCE THE MOST RECENT SALARY REVIEW. FORM 990, PAGE 6, PART VI, LINE 17 MINNESOTA, MISSISSIPPI, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, WEST VIRGINIA, NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WASHINGTON FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.