Business Council
- Assets
- $16.3m
- Revenue
- $5.4m
- Investments
- $2.3m
- Employees
- 4
- Location
- Washington, DC
- Founding
- 05/1962
- Data as of
- 12/2021
- EIN
- 53-0226281
Organization Overview
Business Council is located in Washington, DC. The organization was established in 1962. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Business Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Business Council generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO FOSTER UNDERSTANDING OF PUBLIC POLICY ISSUES & CREATE SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS GATHER IN PERSON AND BY VIDEO SEVERAL TIMES EACH YEAR TO SHARE BEST PRACTICES, NETWORK AND ENGAGE IN INTELLECTUALLY PROVOCATIVE, ENLIGHTENING DISCUSSIONS WITH PEERS AND THOUGHT-LEADERS IN BUSINESS, GOVERNMENT, ACADEMIA, SCIENCE, TECHNOLOGY AND OTHER DISCIPLINES. BUSINESS COUNCIL MEMBERSHIP IS BY INVITATION ONLY AND IS CAPPED AT 250 ACTIVE CEO'S. ALL DISCUSSIONS ARE OFF THE RECORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Colucci Chief Executive Officer | Officer | 40 | $497,981 |
Adrienne Ball Director Of Membership | 40 | $135,754 | |
Gillian Auger Director Of Meetings | 40 | $117,000 | |
David W Maclennan Vice Chair | OfficerTrustee | 1 | $0 |
Satya Nadella Chairman | OfficerTrustee | 1 | $0 |
Kathy J Warden Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,384,885 |
| Investment income | $60,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,445,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $535,525 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,698 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,306 |
| Payroll taxes | $38,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $22,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,203 |
| Fees for services: Other | $356,660 |
| Advertising and promotion | $0 |
| Office expenses | $19,583 |
| Information technology | $21,343 |
| Royalties | $0 |
| Occupancy | $118,405 |
| Travel | $33,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,610 |
| Insurance | $5,944 |
| All other expenses | $8,796 |
| Total functional expenses | $1,760,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,962,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,238 |
| Investments—publicly traded securities | $4,045,932 |
| Investments—other securities | $2,295,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,718 |
| Total assets | $16,313,197 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $16,313,197 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,313,197 |
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American Exploration & Production Council Inc Washington, DC | $3,854,447 | $3,454,624 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Business Council Washington, DC | $16,313,197 | $5,445,513 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
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