Civic Intelligence

The Business Roundtable Inc

990 • Fiscal year 2024 • EIN 23-7236607

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 12, 2025

1000 Maine Ave SW 500Washington, DC 20024-3557

(202) 872-1260

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2024 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.00x

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

2024 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2024

Net Margin

47th percentile

3.6%

Higher net margin than 47% of similar nonprofits.

2024 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$4,540,528

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2024 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2024

Asset Growth

49th percentile

5.0%

Faster asset growth than 49% of similar nonprofits.

2024 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

1.7%

Faster revenue growth than 34% of similar nonprofits.

2024 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$50,178,043

Up $2,374,044 (+5.0%) from 2023

Net Assets

Up

$50,178,043

Up $2,374,044 (+5.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$65,592,297

Up $1,075,160 (+1.7%) from 2023

Expenses

Up

$63,218,253

Up $7,877,297 (+14%) from 2023

Net Income

Down

$2,374,044

Down $6,802,137 (-74%) from 2023

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

2024

Assets$50,178,043
Liabilities$0
Net Assets$50,178,043

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

2024

Revenue$65,592,297
Expenses$63,218,253
Net Income$2,374,044
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$79,436,895
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$47,803,999$50,178,043▲ $2,374,044
Investments in Publicly Traded Securities$18,486,145$25,924,185▲ $7,438,040
Investments Other Securities$16,507,107$17,888,831▲ $1,381,724
Savings and Temporary Cash Investments$10,911,469$4,340,682▼ $6,570,787
Cash and Non-Interest-Bearing Accounts$1,679,645$1,804,712▲ $125,067
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$47,803,999$50,178,043▲ $2,374,044
Other Assets Total$219,633$219,633→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$47,803,999$50,178,043▲ $2,374,044
Total Liabilities and Net Assets / Fund Balance$47,803,999$50,178,043▲ $2,374,044

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$17,888,831--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joshua BoltenCEOFT$2,095,530$2,452,156$4,547,686
Kristen SilverbergPresident & COOFT$1,695,530$828,061$2,523,591
Michael SteelSenior Vice PresidentFT$553,900$313,180$867,080
Matthew MillerSenior Vice PresidentFT$523,730$332,667$856,397
Elizabeth DoughertySecretaryFT$471,800$364,207$836,007
Dane LinnSenior Vice PresidentFT$453,000$350,193$803,193
Michael AndrewsTreasurerFT$500,000$298,133$798,133
Rebecca HampsonChief of StaffFT$449,632$282,075$731,707

Board Members and Trustees

NameTitle
Stephen J SqueriChair, Corporate Governance
Scott KirbyChair, Education & Workforce
Jennifer RumseyChair, Energy & Environment
Blake MoretChair, Health & Retirement
Tim CookChair, Immigration
Raj SubramaniamChair, Infrastructure
Mary T BarraChair, Nominating & Memshp
Lynn J GoodChair, Smart Regulation
Jon R MoellerChair, Tax & Fiscal Policy
Adena FriedmanChair, Technology
Judy MarksChair, Trade & International
Chuck RobbinsChairman
Beth FordAt Large Board Member
Brendan P BechtelAt Large Board Member
Christopher J NassettaAt Large Board Member
David a RicksAt Large Board Member
Doug McmillonAt Large Board Member
George R OliverAt Large Board Member
Hal LawtonAt Large Board Member
Jamie DimonAt Large Board Member
Jane FraserAt Large Board Member
Robert F SmithAt Large Board Member
Ryan LanceAt Large Board Member
Thasunda Brown DuckettAt Large Board Member
Tricia GriffithAt Large Board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Inkling LLCConsulting/professional Services523 BENFIELD RD STE 204, Severna Park, MD 21146$1,727,290
Dci Group Az LLCConsulting/professional Services2000 K ST NW STE 900, Washington, DC 20006$1,290,000
Occasions Caterers INCConsulting/professional Services655 TAYLOR ST NE, Washington, DC 20017$862,475
The Fratelli GroupConsulting/professional Services1300 CONNECTICUT AVE NW STE 920, Washington, DC 20036$840,000
Nobody Media LLCConsulting/professional Services926 N ST NW STE 1, Washington, DC 20001$780,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$62,850,000
Investment Income
$2,672,960
Other Revenue
$69,337
Change in Net Assets
$2,374,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,592,297
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$65,592,297
Total Revenue per Form 990
$65,592,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,612,259
Salaries, Compensation, and Employee Benefits$28,997,618
Grants and Similar Amounts Paid$2,608,376
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$17,003,501
Current Officers, Directors, Trustees, and Key Employees---$6,181,827
Occupancy---$4,273,543
Conferences and Meetings---$2,689,760
Pension Plan Contributions---$2,644,411
Grants to Domestic Orgs---$2,608,376
Other Employee Benefits---$2,138,608
Information Technology---$1,862,167
Office Expenses---$1,477,364
Payroll Taxes---$1,029,271
Travel---$549,507
Fees for Services Other---$422,167
Fees for Service Investment Mgmnt Fees---$169,599
Other Expenses---$95,720
Fees for Services Legal---$84,375
Fees for Services Accounting---$75,260
All Other Expenses---$47,191
Insurance---$45,305
Total Functional Expenses$0$0$0$63,218,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$63,218,253
Total Expenses per Audited Statements$63,218,253
Total Expenses per Form 990$63,218,253
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tax FoundationWashington, DC501(c)(3)General Support$310,000
Bipartisan Policy CenterWashington, DC501(c)(3)General Support$250,000
Americans for Tax ReformWashington, DC501(c)(4)General Support$200,000
Farmers for Free TradeSheridan, WY501(c)(4)General Support$175,000
American Action ForumWashington, DC501(c)(3)General Support$150,000
Bipartisan Policy Center ActionWashington, DC501(c)(4)General Support$150,000
Center for a New American Security IncWashington, DC501(c)(3)General Support$100,000
Business Roundtable ActionWashington, DC501(c)(4)General Support$74,132
National Gov Assoc Center for Best PracticesWashington, DC501(c)(3)General Support$60,000
Reforming Americas Taxes EquitablyLubbock, TX501(c)(4)General Support$60,000
Center ForwardMclean, VA501(c)(4)General Support$55,853
Climate Solutions FoundationWashington, DC501(c)(3)General Support$50,000
Conservative Climate Foundation IncFairfax, VA501(c)(3)General Support$50,000
Governing Majority Education FundTampa, FL501(c)(4)General Support$50,000
National Association of ManufacturersWashington, DC501(c)(6)General Support$50,000
Republican Main Street PartnershipWashington, DC501(c)(4)General Support$50,000
Senate Working Group IncWashington, DC501(c)(4)General Support$50,000
State Solutions IncWashington, DC501(c)(4)General Support$50,000
Third WayWashington, DC501(c)(4)General Support$50,000
Thurgood Marshall College FundWashington, DC501(c)(3)General Support$50,000
United for InfrastructureLos Angeles, CA501(c)(4)General Support$50,000
The Ripon SocietyWashington, DC501(c)(4)General Support$43,500
Shrm FoundationAlexandria, VA501(c)(3)General Support$40,000
Modsquad FoundationWashington, DC501(c)(3)General Support$30,000
Niskanen Center IncWashington, DC501(c)(3)General Support$30,000
The Congressional InstituteAlexandria, VA501(c)(4)General Support$30,000
American Enterprise Institute for Public Policy ResearchWashington, DC501(c)(3)General Support$25,000
Congressional Black Caucus Political Education and Leadership InstituteWashington, DC501(c)(4)General Support$25,000
GLOBAL WOMEN'S INNOVATION NETWORKWashington, DC501(c)(3)General Support$25,000
The Aspen Institute IncWashington, DC501(c)(3)General Support$25,000
The Faith and Politics InstituteWashington, DC501(c)(3)General Support$25,000
Washington International Trade FoundationWashington, DC501(c)(3)General Support$24,000
Congressional Hispanic Caucus Institute IncWashington, DC501(c)(3)General Support$20,000
Congressional Hispanic Leadership InstituteWashington, DC501(c)(3)General Support$20,000
National Museum of Women in the ArtsWashington, DC501(c)(3)General Support$18,500
Congressional Black Caucus Foundation IncWashington, DC501(c)(3)General Support$17,500
Asian Pacific American Institute for Congressional Studies IncWashington, DC501(c)(3)General Support$15,000
Center for Democracy & TechnologyWashington, DC501(c)(3)General Support$15,000
National Immigration ForumWashington, DC501(c)(3)General Support$15,000
The Fund for American StudiesWashington, DC501(c)(3)General Support$15,000
Georgia State Society of Washington DcWashington, DC501(c)(4)General Support$10,000
Hortons Kids IncWashington, DC501(c)(3)General Support$10,000
Trust for the National MallWashington, DC501(c)(3)General Support$10,000
National Press FoundationWashington, DC501(c)(3)General Support$7,800
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
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$23,404,401
Total Nondeductible Lobbying and Political Cost$15,716,128
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 35% controlled entity
No
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

The 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 the business roundtable elect a chairman of the organization.

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

The 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 (ceo) includes an independent review and approval based on performance and comparability data. Compensation decisions approved by the chair are also reviewed by the board of directors (governing body). The business roundtable participates and receives an annual ceo compensation and benefits survey with comparability data.

Form 990, Part VI, Section C, Line 19

The business roundtable makes its financial statements (form 990) available upon written request to the public for the same period of disclosure as set forth in section 6104(d). The 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 500, WASHINGTON, DC 20024-3557
Doing Business As
Business Roundtable

Signing Officer

Name
Michael Andrews
Title
Sr. VP, Finance & Admin.
Phone
2028721260
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Bolten
Formed
1972
Legal Domicile
Dc
Voting Board Members
26
Independent Board Members
25
Employees
60
Volunteers
25

Preparer

Firm
Rsm US Llp
Address
7351 OFFICE PARK PLACE, MELBOURNE, FL 32940-8229
Preparer
Kelli Peck
Phone
3217516200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1, OTHER ACCOUNTING METHOD:

MODIFIED CASH BASIS

FORM 990, PART XII, LINE 2C:

The audit committee oversight process has remained unchanged from the prior year.

Financial Statement Notes

PART X, LINE 2:

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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IRS990/Form990PartVIISectionAGrp/PersonNm4BLAKE MORET
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IRS990/Form990PartVIISectionAGrp/PersonNm6RAJ SUBRAMANIAM
IRS990/Form990PartVIISectionAGrp/PersonNm7LYNN J GOOD
IRS990/Form990PartVIISectionAGrp/PersonNm8JON R MOELLER
IRS990/Form990PartVIISectionAGrp/PersonNm9ADENA FRIEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10JUDY MARKS
IRS990/Form990PartVIISectionAGrp/PersonNm11MARY T BARRA
IRS990/Form990PartVIISectionAGrp/PersonNm12BRENDAN P BECHTEL
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IRS990/Form990PartVIISectionAGrp/PersonNm14JAMIE DIMON
IRS990/Form990PartVIISectionAGrp/PersonNm15BETH FORD
IRS990/Form990PartVIISectionAGrp/PersonNm16JANE FRASER
IRS990/Form990PartVIISectionAGrp/PersonNm17TRICIA GRIFFITH
IRS990/Form990PartVIISectionAGrp/PersonNm18RYAN LANCE
IRS990/Form990PartVIISectionAGrp/PersonNm19HAL LAWTON
IRS990/Form990PartVIISectionAGrp/PersonNm20DOUG MCMILLON
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTOPHER J NASSETTA
IRS990/Form990PartVIISectionAGrp/PersonNm22GEORGE R OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID A RICKS
IRS990/Form990PartVIISectionAGrp/PersonNm24ROBERT F SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm25JOSHUA BOLTEN
IRS990/Form990PartVIISectionAGrp/PersonNm26MICHAEL ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm27ELIZABETH DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm28REBECCA HAMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm29DANE LINN
IRS990/Form990PartVIISectionAGrp/PersonNm30MATTHEW MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm31KRISTEN SILVERBERG
IRS990/Form990PartVIISectionAGrp/PersonNm32MICHAEL STEEL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR, CORPORATE GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR, EDUCATION & WORKFORCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR, ENERGY & ENVIRONMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR, HEALTH & RETIREMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR, IMMIGRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR, INFRASTRUCTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR, SMART REGULATION
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR, TAX & FISCAL POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR, TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR, TRADE & INTERNATIONAL
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR, NOMINATING & MEMSHP
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
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/TitleTxt22AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24AT LARGE BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt26TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt27SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt29SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRESIDENT & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt32SENIOR 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/Desc0PROGRAM EXPENSES

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