Book Industry Charitable Foundation

Since 1996, Binc is the only nonprofit in the country dedicated to assisting bookstore and comic shop owners, and their employees, through unforeseen financial emergencies.

aka Borders Group Foundation   |   Ann Arbor, MI   |  www.bincfoundation.org

Mission

The Book Industry Charitable Foundation’s mission is to strengthen the bookselling and comic retailing communities through charitable programs that support employees, owners, and their families. The Foundation was imagined and built by booksellers and proudly continues to be their safety net. It is our vision to be a caring community of book and comic people.

Ruling year info

1996

Executive Director

Pamela J French

Main address

3135 S. State Street Suite 203

Ann Arbor, MI 48108 USA

Show more contact info

Formerly known as

Borders Group Foundation

EIN

38-3279018

NTEE code info

Human Service Organizations (P20)

Human Service Organizations (P20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2019, 2019 and 2018.
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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

According the Federal Reserve 2019 report on the economic well-being of U.S. households, 4 in 10 Americans would struggle to cover a $400 emergency expense. Owners and employees of brick-and-mortar bookstores and comic shops can have their lives derailed by the unexpected because their jobs, while important to their communities, are not often high-paying. The Book Industry Charitable Foundation exists to help bookstore and comic shop owners, and their employees through unforeseen financial emergencies. The Foundation was imagined and built by booksellers and proudly continues to be their safety net.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Financial Assistance

Established in 1996, the core program strengthens the bookselling and comic retailing communities through charitable programs that support employees, owners, and their families who have a demonstrated need, arising from severe hardship and/or emergency circumstances. Since its inception, the organization has provided over $11M in charitable aid to over 10,000 book and comic sellers and their families.

Population(s) Served
Adults

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 growth, the Foundation offers scholarships for several professional events and certificate programs.
Information on current scholarships can be found on our website: https://www.bincfoundation.org/scholarships/

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Average grant amount

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Financial Assistance

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Context Notes

Amount reflects Binc's core program: individual assistance. Does not reflect special one-time Covid-19 related initiatives, such as #SaveIndieBookstores and Comics United Fund.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Financial Assistance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

2020 results reflect $742,654 individual assistance. Additional 2020 grants include one-time initiatives due to the COVID-19 pandemic: $1.2M (#SaveIndieBookstores) & $950k (Comics United Fund)

Total number of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Financial Assistance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Numbers reflect individual assistance.

Number of organizations applying for grants

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Financial Assistance

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

The metric tracks individuals, not organizations. 2020 results include special one-time initiatives relating to the COVID-19 pandemic.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Book Industry Charitable Foundation’s mission is to strengthen the bookselling and comic retailing communities through charitable programs that support employees, owners, and their families.
Our goal is to resolve the individual's financial crisis and restore the household to financial stability. Each situation is reviewed to determine our part in getting the family on more stable financial footing.
The Foundation was imagined and built by booksellers and proudly continues to be their safety net.
It is our vision to be a caring community of book and comic people Binc provides emergency financial assistance as well as scholarships for professional development.

Binc has developed relationships across the bookselling and comic industry to spread awareness and encourage advocacy.
Our two co-ambassadors, Ann Patchett and James Patterson, are instrumental in elevating awareness of Binc and its services.
The Author Leadership Circle, led by Chairperson Garth Stein, contribute support and awareness of the help available to the bookselling and comics community.
We reach out to bookstores and comic shops following emergencies to let them know about our programming and meet with booksellers at regional bookselling trade shows.
We actively seek out new stores through industry publications and proactively reach out to them to ensure the owners and store team are aware of the resources, information, and financial literacy options available to them through Binc.
The Program Managers take a three-month view of each situation to determine the part Binc would have in getting the family on more stable financial footing.

We have a nimble, compassionate, and responsive team who work together to operate a toll free telephone line, several social media accounts, and a website with a host of resources for booksellers and comic shop owners and employees seeking assistance after an emergency.
An Inquiry Form is available on our website to request contact from Binc directly or on behalf of someone else.

Binc demonstrates world class professionalism in handling the inquiry and application process, quickly evaluating applications and providing assistance with care and discretion. Once the application process is completed, there is a short turnaround before assistance is approved or denied; most qualifying applicants have help on the way in less than 48 hours from application completion.

Binc is supported by organizations across the book and comics industry, building strong relationships with publishers, authors, creators, booksellers, and book and comics lovers.

Since inception, we have sought to increase awareness and assistance given year over year.

To date Binc has distributed more than $11 million to help more than 10,000 booksellers, comic shop employees, store owners, and their families with emergency assistance and scholarships.

In 2020, Binc had provided more financial assistance in 12 months than the combined totals of the previous eight years.
This unprecedented impact was recognized when Binc received the Los Angeles Times Book Prizes Innovator's Award in recognition of the work achieved during the height of the 2020 Covid-19 pandemic.

We will continue our mission to strengthen the greater bookselling community until every bookseller, comic shop employee, bookstore and comic shop owner knows that, in an emergency, they can turn to Binc to be their safety net.

Financials

Book Industry Charitable Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Book Industry Charitable Foundation

Board of directors
as of 8/11/2021
SOURCE: Self-reported by organization
Board chair

Matthew Gildea

Lori Tucker-Sullivan

Independent Booksellers Consortium

Matthew Gildea

Arcadia Publishing

Christie Roehl

Duluth Trading Company

Julia Cowlishaw

Vroman’s Bookstore

Rockelle Henderson

Rock Inked, Inc.

Annie Philbrick

Bank Square Books

Jen Reynolds

W. W. Norton

Chuck Robinson

Chuck Robinson Associates

Ken White

Query Books

Eileen Dengler

New Atlantic Independent Booksellers Association

Chris Morrow

Northshire Bookstore

Calvin Crosby

California Independent Booksellers Alliance

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 07/23/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data