Civic Intelligence

The Business Roundtable Inc

990 • Fiscal year 2018 • EIN 23-7236607

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

1000 Maine Ave SW No 500Washington, DC 20024

(202) 872-1260

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2018

Net Margin

15th percentile

-2.0%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$3,104,510

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2018 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2018

Asset Growth

22nd percentile

-3.0%

Faster asset growth than 22% of similar nonprofits.

2018 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

9.6%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Down

$30,127,598

Down $920,960 (-3.0%) from 2017

Net Assets

Down

$30,127,598

Down $920,960 (-3.0%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$46,863,044

Up $4,106,791 (+9.6%) from 2017

Expenses

Down

$47,784,004

Down $1,503,725 (-3.1%) from 2017

Net Income

Up

-$920,960

Up $5,610,516 (+86%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2015: $35,466,490Liabilities 2015: $0Net Assets 2015: $35,466,4902015Assets 2016: $37,580,034Liabilities 2016: $0Net Assets 2016: $37,580,0342016Assets 2017: $31,048,558Liabilities 2017: $0Net Assets 2017: $31,048,5582017Assets 2018: $30,127,598Liabilities 2018: $0Net Assets 2018: $30,127,5982018Assets 2019: $31,905,905Liabilities 2019: $0Net Assets 2019: $31,905,9052019Assets 2020: $37,319,676Liabilities 2020: $0Net Assets 2020: $37,319,6762020Assets 2021: $34,720,960Liabilities 2021: $0Net Assets 2021: $34,720,9602021Assets 2022: $38,627,818Liabilities 2022: $0Net Assets 2022: $38,627,8182022Assets 2023: $47,803,999Liabilities 2023: $0Net Assets 2023: $47,803,9992023Assets 2024: $50,178,043Liabilities 2024: $0Net Assets 2024: $50,178,0432024

Highlighted filing

2018

Assets$30,127,598
Liabilities$0
Net Assets$30,127,598

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2015: $34,796,673Expenses 2015: $35,309,802Net Income 2015: -$513,1292015Revenue 2016: $34,546,625Expenses 2016: $32,433,081Net Income 2016: $2,113,5442016Revenue 2017: $42,756,253Expenses 2017: $49,287,729Net Income 2017: -$6,531,4762017Revenue 2018: $46,863,044Expenses 2018: $47,784,004Net Income 2018: -$920,9602018Revenue 2019: $47,637,114Expenses 2019: $45,858,807Net Income 2019: $1,778,3072019Revenue 2020: $50,275,045Expenses 2020: $44,861,274Net Income 2020: $5,413,7712020Revenue 2021: $56,795,909Expenses 2021: $59,394,625Net Income 2021: -$2,598,7162021Revenue 2022: $63,475,755Expenses 2022: $59,568,897Net Income 2022: $3,906,8582022Revenue 2023: $64,517,137Expenses 2023: $55,340,956Net Income 2023: $9,176,1812023Revenue 2024: $65,592,297Expenses 2024: $63,218,253Net Income 2024: $2,374,0442024

Highlighted filing

2018

Revenue$46,863,044
Expenses$47,784,004
Net Income-$920,960
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$53,454,292
Mission and Program Overview

Mission

A ceo-led organization whose mission is to advocate policies that promote u.s. Investment, a world-class workforce and a dynamic, growing economy.

The business roundtable's mission is to advocate policies that promote u.s. Investment, a world-class workforce and a dynamic, growing economy. Drawing on the expertise of its ceo members, the business roundtable works with elected leaders and representatives of employers and employees to foster an economic environment that benefits all the american people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$31,048,558$30,127,598▼ $920,960
Investments in Publicly Traded Securities$23,309,830$24,148,653▲ $838,823
Savings and Temporary Cash Investments$7,296,305$5,423,013▼ $1,873,292
Cash and Non-Interest-Bearing Accounts$257,513$167,468▼ $90,045
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$31,048,558$30,127,598▼ $920,960
Other Assets Total$184,910$388,464▲ $203,554
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,048,558$30,127,598▼ $920,960
Total Liabilities and Net Assets / Fund Balance$31,048,558$30,127,598▼ $920,960
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joshua B BoltenPresident & CEOFT$1,794,877$1,317,057$3,111,934
William C Miller JrSenior Vice PresidentFT$770,027$452,414$1,222,441
Marcus C PeacockExecutive Vice PresidentFT$867,350$309,135$1,176,485
Martin L HallSenior Vice PresidentFT$588,847$342,713$931,560
Jessica L BoulangerSenior Vice PresidentFT$640,058$273,598$913,656
Leanne G WilsonSenior Vice PresidentFT$9,369$731,891$741,260
Elizabeth S DoughertySecretaryFT$352,850$154,932$507,782
Aimee J BrennanTreasurerFT$210,000$127,789$337,789
Marian E HopkinsFormer Senior Vice President-$212,180$212,180$212,180

Board Members and Trustees

NameTitle
Alex GorskyChair, Corporate Governance
Wes BushChair, Education and Workforce
Mark S SuttonChair, Energy and Environment
Brian T MoynihanChair, Health and Retirement
Chuck RobbinsChair, Immigration
Michael S BurkeChair, Infrastructure
Tom LinebargerChair, International Engagement
Randall L StephensonChair, Nominating Committee
Mark J CostaChair, Smart Regulation
Mark a WeinbergerChair, Tax and Fiscal Policy
Julie SweetChair, Technology, Internet & Innovation
James DimonChairman
Ajay BangaAt Large Board Member
C Douglas McmillonAt Large Board Member
Dennis a MuilenburgAt Large Board Member
John a HayesAt Large Board Member
Kevin a LoboAt Large Board Member
Larry J MerloAt Large Board Member
Marillyn a HewsonAt Large Board Member
Mary T BarraAt Large Board Member
Virginia M RomettyAt Large Board Member
Andrew N LiverisAt Large Board Member Thru 6/28

Highest Paid Contractors

ContractorServicesLocationCompensation
Advoc8 LLCConsulting/professional Services500 PENN ST NE, Washington, DC 20002$3,074,512
Alipes INCConsulting/professional Services28 ATLANTIC AVE 131, Boston, MA 02110$2,590,636
Iheartmedia And Entertainment INCConsulting/professional Services20880 STONE OAK PARKWAY, San Antonio, TX 78258$1,450,000
The Fratelli GroupConsulting/professional Services1300 CONNECTICUT AVE NW SUITE 95, Washington, DC 20036$1,057,667
Keybridge Research LLCConsulting/professional Services3050 K ST NW STE 520, Washington, DC 20007$1,010,014
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$45,373,160
Investment Income
$1,461,684
Other Revenue
$28,200
Change in Net Assets
$-920,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,863,044
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$46,863,044
Total Revenue per Form 990
$46,863,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,525,143
Salaries, Compensation, and Employee Benefits$16,852,898
Grants and Similar Amounts Paid$5,405,963
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$10,477,097
Grants to Domestic Orgs---$5,405,963
Current Officers, Directors, Trustees, and Key Employees---$3,957,505
Occupancy---$3,135,677
Conferences and Meetings---$2,621,693
Pension Plan Contributions---$996,280
Other Employee Benefits---$896,695
Office Expenses---$774,447
Payroll Taxes---$525,321
Fees for Services Other---$487,642
Information Technology---$336,628
Fees for Services Legal---$281,639
Other Expenses---$245,340
Travel---$134,497
Fees for Service Investment Mgmnt Fees---$102,509
Fees for Services Accounting---$41,400
All Other Expenses---$35,044
Insurance---$28,870
Total Functional Expenses$0$0$0$47,784,004

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$47,784,004
Total Expenses per Audited Statements$47,784,004
Total Expenses per Form 990$47,784,004
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Farmers for Free TradeBillings, MT501(c)(4)General Support$4,100,000
Trade Benefits America Coalition IncWashington, DC501(c)(4)General Support$900,000
Tax FoundationWashington, DC501(c)(3)General Support$235,120
Amac Action IncLady Lake, FL501(c)(4)General Support$75,000
The Faith and Politics InstituteWashington, DC501(c)(3)General Support$25,000
Congressional Hispanic Caucus InstituteWashington, DC501(c)(3)General Support$21,550
Congressional Black Caucus Foundation IncWashington, DC501(c)(3)General Support$19,933
HORTON'S KIDS INCWashington, DC501(c)(3)General Support$13,960
Washington International Trade FoundationWashington, DC501(c)(3)General Support$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$31,468,638
Current Year Nondeductible Lobbying and Political Cost$23,158,766
Political Expenditures$25,900
Total Exempt Function Spending$25,900

Section 527 Organizations

OrganizationLocationAmount
11-3655877Washington, DC$25,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Due to the size and diversity of the members of the business roundtable, we assume that directors may have family and/or business relationships with other directors.

Form 990, Part VI, Section A, Line 6

Business roundtable is an association of chief executive officers. The chief executive officer is the member, and he/she represents the company.

Form 990, Part VI, Section A, Line 7A

The members of business roundtable elect a chairman and the vice chairs of the organization.

Form 990, Part VI, Section B, Line 11B

Business roundtable's form 990 is prepared by an independent professional services firm and reviewed by senior management before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The business roundtable regularly and consistently monitors and enforces compliance with the conflict of interest policy. During the annual budget process, all vendors are reviewed by all staff, allowing any conflicts of interest to be discovered, disclosed and resolved. If conflicts of interest arise, the conflicted individual(s) is recused from decision making/expense approval relating to the specific vendor(s)/person(s).

Form 990, Part VI, Section B, Line 15A

The process for determining the compensation of the top management official (president & ceo) includes an independent review and approval based on performance and comparablility data. Compensation decisions approved by the chair are also reviewed by the board of directors (governing body) on an annual basis. The business roundtable participates and receives an annual ceo compensation and benefits survey with comparability data.

Form 990, Part VI, Section C, Line 19

Business roundtable makes its financial statements (form 990) available upon written request to the public. Business roundtable's articles of incorporation and conflict of interest policy are not publicly available.

Filing and Contact Details

Filer

Filer Name
The Business Roundtable Inc
EIN
23-7236607
Phone
2028721260
Address
1000 MAINE AVE SW NO 500, WASHINGTON, DC 20024
Doing Business As
Business Roundtable

Signing Officer

Name
Marcus Peacock
Title
Chief Operating Officer
Phone
2028721260
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Bolten
Formed
1972
Legal Domicile
Dc
Voting Board Members
22
Independent Board Members
21
Employees
45
Volunteers
23

Preparer

Firm
Rsm US Llp
Address
9801 WASHINGTONIAN BLVD STE 500, GAITHERSBURG, MD 20878
Preparer
William E Turco CPA
Phone
3012963600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Brt is a nonprofit organization exempt from federal income taxes under section 501(a), as an entity described in section 501(c)(6) of the internal revenue code, except for taxes on unrelated business income. Effective january 1, 2018, brt is subject to unrelated business income tax on certain pretax employee benefits and certain salary levels of employees. Income tax expense for the year ended december 31, 2018, was insignificant. Management evaluated the tax position and concluded that brt has taken no uncertain tax positions that require adjustment to the financial statement.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES DIMON
IRS990/Form990PartVIISectionAGrp/PersonNm1RANDALL L STEPHENSON
IRS990/Form990PartVIISectionAGrp/PersonNm2ALEX GORSKY
IRS990/Form990PartVIISectionAGrp/PersonNm3WES BUSH
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK S SUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN T MOYNIHAN
IRS990/Form990PartVIISectionAGrp/PersonNm6CHUCK ROBBINS
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL S BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm8TOM LINEBARGER
IRS990/Form990PartVIISectionAGrp/PersonNm9MARK J COSTA
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK A WEINBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm11JULIE SWEET
IRS990/Form990PartVIISectionAGrp/PersonNm12AJAY BANGA
IRS990/Form990PartVIISectionAGrp/PersonNm13MARY T BARRA
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN A HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm15MARILLYN A HEWSON
IRS990/Form990PartVIISectionAGrp/PersonNm16ANDREW N LIVERIS
IRS990/Form990PartVIISectionAGrp/PersonNm17KEVIN A LOBO
IRS990/Form990PartVIISectionAGrp/PersonNm18C DOUGLAS MCMILLON
IRS990/Form990PartVIISectionAGrp/PersonNm19LARRY J MERLO
IRS990/Form990PartVIISectionAGrp/PersonNm20DENNIS A MUILENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm21VIRGINIA M ROMETTY
IRS990/Form990PartVIISectionAGrp/PersonNm22JOSHUA B BOLTEN
IRS990/Form990PartVIISectionAGrp/PersonNm23AIMEE J BRENNAN
IRS990/Form990PartVIISectionAGrp/PersonNm24ELIZABETH S DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm25JESSICA L BOULANGER
IRS990/Form990PartVIISectionAGrp/PersonNm26MARTIN L HALL
IRS990/Form990PartVIISectionAGrp/PersonNm27WILLIAM C MILLER JR
IRS990/Form990PartVIISectionAGrp/PersonNm28MARCUS C PEACOCK
IRS990/Form990PartVIISectionAGrp/PersonNm29LEANNE G WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm30MARIAN E HOPKINS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR, NOMINATING COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR, CORPORATE GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR, EDUCATION AND WORKFORCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR, ENERGY AND ENVIRONMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR, HEALTH AND RETIREMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR, IMMIGRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR, INFRASTRUCTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR, INTERNATIONAL ENGAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR, SMART REGULATION
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR, TAX AND FISCAL POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR, TECHNOLOGY, INTERNET & INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt12AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16AT LARGE BOARD MEMBER THRU 6/28
IRS990/Form990PartVIISectionAGrp/TitleTxt17AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt24SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt25SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30FORMER SENIOR VICE PRESIDENT
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IRS990/MissionDesc0A CEO-LED ORGANIZATION WHOSE MISSION IS TO ADVOCATE POLICIES THAT PROMOTE U.S. INVESTMENT, A WORLD-CLASS WORKFORCE AND A DYNAMIC, GROWING ECONOMY.
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IRS990/OtherExpensesGrp/Desc0INCOME TAXES
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IRS990/OtherExpensesGrp/Desc2EQUIPMENT & FURNITURE
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0996280
IRS990/PoliticalCampaignActyInd01

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