Overview
What is Book Industry Charitable Foundation?
The Book Industry Charitable Foundation is a nonprofit organization based in Ann Arbor, Michigan. It primarily focuses on providing financial assistance to employees, owners, and former employees in the book and comic industry, as well as their immediate families, who are facing severe hardships or emergency situations. The organization offers short-term financial aid in various circumstances, such as disaster relief, serious medical conditions, and loss of income due to unfortunate events like death or job loss. In addition to this, the Book Industry Charitable Foundation provides resources, budget planning guides, and financial management tools to help affected individuals better manage their financial challenges. The mission of this nonprofit is to strengthen the bookselling community by offering charitable programs that support employees and their families.
Official website here: www.bincfoundation.org
What do the Facebook reviews say about Book Industry Charitable Foundation?
100% of reviewers on Facebook recommend the Book Industry Charitable Foundation. Here is a summary of their reviews:
Supporters express excitement and satisfaction in contributing to the nonprofit, highlighting their commitment to the literary community. The enthusiasm from a new sustaining contributor reflects a positive perception of BINC's work and mission.
Overall, the sentiments are overwhelmingly favorable, indicating that the organization successfully resonates with its contributors and effectively supports those in need within the book industry.
This AI summary has been generated from reviews found on Facebook.
Is Book Industry Charitable Foundation legitimate?
Book Industry Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Book Industry Charitable Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $122,728
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,563
For more financial information, click here
Official website here: www.bincfoundation.org
What is the mission statement of Book Industry Charitable Foundation?
The Book Industry Charitable Foundation's mission is to strengthen the bookselling community by offering charitable programs that provide support to employees and their families. One of their key initiatives is a financial assistance program that offers short-term aid to book and comic industry employees, owners, and former Borders employees who are experiencing severe hardship or emergency circumstances, such as disaster relief, serious medical conditions, or loss of household income due to various reasons. Additionally, the foundation provides resources, budget planning guides, and financial management tools to help affected employees manage ongoing financial challenges.
Official website here: www.bincfoundation.org
What is the revenue of Book Industry Charitable Foundation?
Book Industry Charitable Foundation's revenue in 2023 was $923,509.
Official website here: www.bincfoundation.org
Who are the executives of Book Industry Charitable Foundation and what are their salaries?
The average compensation at Book Industry Charitable Foundation during 2023 was $50,921. There are 9 employees and 48 volunteers at Book Industry Charitable Foundation.
Here are 13 key members and their salaries:
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Official website here: www.bincfoundation.org
Where can I find the form 990 for Book Industry Charitable Foundation?
Book Industry Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bincfoundation.org
Learn more at the official website: www.bincfoundation.org
Mission Statement of Book Industry Charitable Foundation
The Book Industry Charitable Foundation, abbreviated as BICF, is dedicated to strengthening the bookselling community through charitable programs. Its primary focus is providing support to employees and their families within the book and comic industry who are facing severe hardships or emergencies. The organization operates a central program, known as the Centerpiece Program, which offers short-term financial assistance to bookstore and comic shop owners, operators, booksellers, former Borders employees, and their immediate families. This assistance is provided in response to various challenges, such as disaster relief, domestic violence, serious medical conditions, loss of household income due to events like divorce or separation, or the death of an employee or family member.
Beyond financial aid, BICF also provides additional tools to help affected employees better manage ongoing financial challenges. These resources include healthcare directories, budget planning guides, and financial management tools. By offering these comprehensive support services, BICF aims to provide a safety net for individuals within the book and comic industry who may be experiencing difficult circumstances, enabling them to navigate through their hardships and eventually regain financial stability.
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Impact
October, 2024
The Book Industry Charitable Foundation significantly impacts the lives of individuals in the book and comic industries by providing crucial short-term financial assistance to those facing severe hardships. Its Centerpiece Program supports bookstore and comic shop owners, booksellers, and their immediate families who demonstrate financial need due to emergencies such as a disaster, domestic violence, serious medical conditions, or loss of household income from events like divorce, separation, or the death of a family member.
Beyond immediate financial support, the foundation also equips affected employees and owners with essential tools to navigate ongoing financial challenges. These resources include health care resource directories, budget planning guides, and financial management tools, empowering them to better manage their financial circumstances in the long term. By strengthening the bookselling community with these charitable programs, the foundation plays a vital role in helping individuals and families find stability during difficult times.
This information is meant to be a general summary of Book Industry Charitable Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $61,865
- Gross Receipts: $923,509
Assets and Liabilities:
- Total Assets: $2,966,872
- Total Liabilities: $83,036
- Net Assets: $2,883,836
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Organization Details
Founding Year
1996
Principal Officer
Jonathan Putnam
Website
www.bincfoundation.orgNTEE Category
Code: T21 - Philanthropy
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