2026-06-25T12:33:29-04:00 2025-12-31 461335331 ALTRUIC ADVISORS CPAS 417 FOREST AVENUE PLYMOUTH MI 48170 990 2025-01-01 383279018 BOOK INDUSTRY CHARITABLE FOUNDATION BOOK 7344774789 3135 S STATE STREET SUITE 203 ANN ARBOR MI 48108 JONATHAN PUTNAM TREASURER 7344774789 2026-06-24 RYAN N HAGAN CPA P00293011 8882985297 2026-06-24 2025 2025-03-06 01:10:19Z JONATHAN PUTNAM 3135 S STATE STREET SUITE 203 ANN ARBOR MI 48108 1378582 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. 13 13 9 65 0 1650161 1281328 0 65533 66697 30557 1715694 1378582 774290 702777 0 607711 640930 0 197804 308111 259411 1690112 1603118 25582 -224536 2999745 3131664 46537 211551 2953208 2920113 X TO STRENGTHEN THE BOOKSELLING COMMUNITY THROUGH CHARITABLE PROGRAMS THAT SUPPORT EMPLOYEES AND THEIR FAMILIES. false false 733477 536386 FINANCIAL ASSISTANCE AND DISASTER RELIEF PROGRAMS - SEE SCHEDULE 0 127265 58246 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. 237291 85495 BINC TANK PILOT - THIS IS A THREE-YEAR PILOT PROGRAM DESIGNED AS A BUSINESS INCUBATOR FOCUSING ON HELPING ENTREPRENEURS OPEN BOOKSTORES IN UNDERSERVED MARKETS. THE THREE-YEAR PILOT PROGRAM EXPIRED DURING THE YEAR ENDED DECEMBER 31, 2025. THE FOUNDATION BOARD IS CONSIDERING WHETHER AND HOW TO PROCEED WITH THE BUSINESS INCUBATOR PROJECT GOING FORWARD. 22650 22650 MENTAL HEALTH WELLNESS - DESIGNED TO PROVIDE ACCESS TO PROFESSIONAL MENTAL HEALTH SERVICES FOR ELIGIBLE BOOKSELLERS AND COMIC RETAILERS, THE PROGRAM CONNECTS INDIVIDUALS IN THE BOOKSELLING COMMUNITY WITH LICENSED THERAPISTS THROUGH A TELEHEALTH PARTNERSHIP. INDIVIDUALS, COUPLES, AND TEEN THERAPY SERVICES ARE PROVIDED. THE FOUNDATION ALSO PROVIDES EMERGENCY ON-SITE THERAPY FOR GROUPS INVOLVED IN TRAUMATIC EVENTS SUCH AS SHOOTINGS, BURGLARIES, AND STAFF SUICIDES. 22650 22650 1120683 true true false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 7 0 9 true false false false false false false false false false false false false X 13 13 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 123832 0 18939 CHRIS MORROW PRESIDENT 1.00 X X 0 0 0 JONATHAN PUTNAM TREASURER 1.00 X X 0 0 0 ERIN COFFEY DIRECTOR 0.50 X 0 0 0 EILEEN DENGLER DIRECTOR 0.50 X 0 0 0 CHRISCYNETHIA FLOYD DIRECTOR 0.50 X 0 0 0 MICHAEL JACOBS DIRECTOR 0.50 X 0 0 0 EMMA KAAS 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 ANDY PERHAM DIRECTOR 0.50 X 0 0 0 KIMBERLY BROCK DIRECTOR 0.50 X 0 0 0 JAMES KILLEN DIRECTOR 0.50 X 0 0 0 PK SINDWANI DIRECTOR 0.50 X 0 0 0 123832 18939 1 false false false 1281328 7507 1281328 66697 66697 30557 30557 30557 1378582 97254 702777 702777 128740 64370 19311 45059 417842 236489 89892 91461 10176 5601 2033 2542 43254 23809 8642 10803 40918 22523 8175 10220 6365 6365 36639 4513 32126 8204 7551 88 565 5275 4692 316 267 34808 8439 18301 8068 23021 5743 11535 5743 49457 13663 32696 3098 34828 13864 20109 855 3116 651 2465 MERCHANT FEES 29295 27239 2056 LICENSES & FEES 15577 1209 14368 SUPPLIES 4819 2130 1708 981 MISCELLANEOUS EXPENSES 2958 1467 1416 75 5049 2401 1005 1643 1603118 1120683 284631 197804 477863 352605 86250 52500 8721 69743 2418325 2601088 8586 55728 2999745 3131664 39364 28835 128500 7173 54216 46537 211551 X 2544969 2674853 408239 245260 2953208 2920113 2999745 3131664 -224536 191441 X false true X true false X 2176067 898774 861644 1650161 1281328 6867974 2176067 898774 861644 1650161 1281328 6867974 300757 6567217 49075 57581 61865 65533 66697 300751 29557 29557 7198282 0.91230 0.93550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED OPERATING LEASE OBLIGATION 54216 54216 1647248 191441 77225 268666 1378582 1378582 1680343 77225 77225 1603118 1603118 true FIN ASST/DIS RELIEF 231 536386 PROF DEV SCHOLARSHIPS 25 58246 BINC TANK PILOT 10 85495 MENTAL HEALTH 91 22650 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. FORM 990, PART III 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. 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. FORM 990, PAGE 2, PART III, LINE 4D MENTAL HEALTH WELLNESS - DESIGNED TO PROVIDE ACCESS TO PROFESSIONAL MENTAL HEALTH SERVICES FOR ELIGIBLE BOOKSELLERS AND COMIC RETAILERS, THE PROGRAM CONNECTS INDIVIDUALS IN THE BOOKSELLING COMMUNITY WITH LICENSED THERAPISTS THROUGH A TELEHEALTH PARTNERSHIP. INDIVIDUALS, COUPLES, AND TEEN THERAPY SERVICES ARE PROVIDED. THE FOUNDATION ALSO PROVIDES EMERGENCY ON-SITE THERAPY FOR GROUPS INVOLVED IN TRAUMATIC EVENTS SUCH AS SHOOTINGS, BURGLARIES, AND STAFF SUICIDES. 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.