Book Industry Charitable Foundation EIN 38-3279018 Form 990 (PDF) Claim this org

Book Industry Charitable Foundation

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Provides emergency financial aid to book and comic industry workers facing hardship. For fiscal year 2025 it reported $1.4M in revenue, $1.6M in expenses, and $2.9M in net assets.Pt I

Founded
1996
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Ann Arbor, MI
Website
www.bincfoundation.org
Filings
6 on file (2020–2025)
Revenue
$1.4MFY2025
Expenses
$1.6M
Net assets
$2.9M
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  38-3279018 Public foundation / grantmaker Ann Arbor, MI Founded 1996
Form 990 (PDF)
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Size
$1–10M
What they do
Provides emergency financial aid to book and comic industry workers facing hardship.
Leadership
Pamela French · Executive Di · $124K
Money in and out
$1.4M revenue, $1.6M expenses
Bottom line
70% program efficiency
Grants paid & assets · FY2025
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$225K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.18 Fundraising $0.12
Program efficiency
70%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
22.2mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▼ -1192% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.4M
FY2025▼ -20%
Expenses
$1.6M
FY2025▼ -5%
Total assets
$3.1M
FY2025▲ +4%
Total liabilities
$212K
FY2025▲ +355%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$225K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2025.
01

Financial Assistance and Disaster Relief Programs

See schedule 0

$733Kprogram expense
02

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.

$237Kprogram expense
03

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.

$127Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBook Industry Charitable Foundation
EINHdr · item D38-3279018
Principal addressHdr · item CAnn Arbor, MI
WebsiteHdr · item Jwww.bincfoundation.org
Year of formationHdr · item L1996
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFApr 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$123,832Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Pamela French’s $124K as Executive Di is at the 49th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Pamela French$123,832$123,171$120,638$108,721$116,779$113,494

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.3M · 93%
Investment income$67K · 5%
Other revenue$31K · 2%
Contributions & grants93%$1.3M
Investment income5%$67K
Other revenue2%$31K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.18 Fundraising $0.12
Program services70%$1.1M
Management & general18%$285K
Fundraising12%$198K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$353K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$212K
Total net assetsLn 32$2.9M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.0M · Operating expenses (Pt IX) $1.6M · Less non-cash grants $8K · Cash operating expenses/yr $1.6M
22.2 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.6M
70%
Management & General
Management & general $285K · Total expenses $1.6M
18%
Fundraising
Fundraising $198K · Total expenses $1.6M
12%
Cost to raise $1
Fundraising expense (3-yr avg) $204K · Solicited contributions (3-yr avg) $1.3M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $1.4M
93%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $67K · Total revenue $1.4M
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.6M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.7M
-20%
Revenue CAGR
FY2020 $5.2M · FY2025 $1.4M
-23%
Net-asset trend (YoY)
End of year $2.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.6M
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $2.9M · Total assets $3.1M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.1M
83%
People & payroll
Highest Reported Total Compensation
Individual Pamela French · Reported title EXECUTIVE DI · Highest reported compensation $124K · Total expenses $1.6M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $641K · Total expenses $1.6M
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 18%
Fundraising cost ratio 15%
Revenue growth -20%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 24 grants · $7.0M · 2020–2025
Unitemized GrantFY2025$536,386
Unitemized GrantFY2025$85,495
Unitemized GrantFY2025$58,246
Unitemized GrantFY2025$22,650
Unitemized GrantFY2024$395,951
Unitemized GrantFY2024$148,541
Unitemized GrantFY2024$120,000
Unitemized GrantFY2024$84,275
Unitemized GrantFY2024$25,523
Unitemized GrantFY2023$406,913
Unitemized GrantFY2023$71,210
Unitemized GrantFY2023$14,164
Unitemized GrantFY2022$347,355
Unitemized GrantFY2022$60,787
Unitemized GrantFY2022$26,052
Unitemized GrantFY2021$1,254,863
Unitemized GrantFY2021$282,536
See all 24 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.4M revenue · viewing · ⤓ 990 PDF
FY2024$1.7M revenue · ⤓ 990 PDF
FY2023$924K revenue · ⤓ 990 PDF
FY2022$956K revenue · ⤓ 990 PDF
FY2021$2.2M revenue · ⤓ 990 PDF
FY2020$5.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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