Civic Intelligence

The Business Council Inc

EIN 53-0226281 • 501(c)6 • Washington, DC

Profile

The business council is a global ceo driven organization whose primary purpose is to foster greater understanding of the major opportunities and challenges facing business, to share best practices and to develop solutions through discussion among our members. Membership is comprised of the ceo's of the world's largest multinational corporations across all industry sectors.

1801 Pennsylvania Ave NW 830Washington, DC 20006

www.thebusinesscouncil.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.02x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

91st percentile

31%

Higher net margin than 91% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$704,628

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.0%

Faster revenue growth than 45% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$23,384,838

Up $2,298,516 (+11%) from 2023

Liabilities

Down

$151,801

Down $9,241 (-5.7%) from 2023

Net Assets

Up

$23,233,037

Up $2,307,757 (+11%) from 2023

Operations
Liabilities / Revenue8th percentileNet Margin91st percentile

Revenue

Up

$7,306,390

Up $348,481 (+5.0%) from 2023

Expenses

Up

$5,053,693

Up $978,293 (+24%) from 2023

Net Income

Down

$2,252,697

Down $629,812 (-22%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $2,391,116Liabilities 2011: $0Net Assets 2011: $2,391,1162011Assets 2012: $2,835,922Liabilities 2012: $0Net Assets 2012: $2,835,9222012Assets 2013: $3,294,089Liabilities 2013: $0Net Assets 2013: $3,294,0892013Assets 2014: $3,933,678Liabilities 2014: $0Net Assets 2014: $3,933,6782014Assets 2015: $4,829,649Liabilities 2015: $0Net Assets 2015: $4,829,6492015Assets 2016: $5,274,261Liabilities 2016: $0Net Assets 2016: $5,274,2612016Assets 2017: $6,331,261Liabilities 2017: $0Net Assets 2017: $6,331,2612017Assets 2018: $8,052,352Liabilities 2018: $0Net Assets 2018: $8,052,3522018Assets 2019: $9,804,218Liabilities 2019: $0Net Assets 2019: $9,804,2182019Assets 2020: $12,715,630Liabilities 2020: $0Net Assets 2020: $12,715,6302020Assets 2021: $16,313,197Liabilities 2021: $0Net Assets 2021: $16,313,1972021Assets 2022: $17,841,800Liabilities 2022: $17,523Net Assets 2022: $17,824,2772022Assets 2023: $21,086,322Liabilities 2023: $161,042Net Assets 2023: $20,925,2802023Assets 2024: $23,384,838Liabilities 2024: $151,801Net Assets 2024: $23,233,0372024

Highlighted filing

2024

Assets$23,384,838
Liabilities$151,801
Net Assets$23,233,037
Open 2024 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2011: $2,770,053Expenses 2011: $1,931,520Net Income 2011: $838,5332011Expenses 2012: $2,423,3832012Revenue 2013: $2,995,102Expenses 2013: $2,536,935Net Income 2013: $458,1672013Revenue 2014: $2,827,566Expenses 2014: $2,187,977Net Income 2014: $639,5892014Revenue 2015: $2,962,340Expenses 2015: $2,066,369Net Income 2015: $895,9712015Revenue 2016: $3,010,024Expenses 2016: $2,565,412Net Income 2016: $444,6122016Revenue 2017: $3,430,295Expenses 2017: $2,373,295Net Income 2017: $1,057,0002017Revenue 2018: $4,494,596Expenses 2018: $2,773,505Net Income 2018: $1,721,0912018Revenue 2019: $4,848,874Expenses 2019: $3,097,008Net Income 2019: $1,751,8662019Revenue 2020: $5,000,529Expenses 2020: $2,089,117Net Income 2020: $2,911,4122020Revenue 2021: $5,445,513Expenses 2021: $1,760,540Net Income 2021: $3,684,9732021Revenue 2022: $6,359,765Expenses 2022: $4,159,269Net Income 2022: $2,200,4962022Revenue 2023: $6,957,909Expenses 2023: $4,075,400Net Income 2023: $2,882,5092023Revenue 2024: $7,306,390Expenses 2024: $5,053,693Net Income 2024: $2,252,6972024

Highlighted filing

2024

Revenue$7,306,390
Expenses$5,053,693
Net Income$2,252,697
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,384,838
Liabilities
$151,801
Net assets
$23,233,037
Revenue
$7,306,390
Expenses
$5,053,693
Net income
$2,252,697
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.4$0.15$23.2$7.31$5.05$2.25
2023Detailed filing. Detailed filing data is available for this year.$21.1$0.16$20.9$6.96$4.08$2.88
2022Detailed filing. Detailed filing data is available for this year.$17.8$0.02$17.8$6.36$4.16$2.20
2021Detailed filing. Detailed filing data is available for this year.$16.3$0.00$16.3$5.45$1.76$3.68
2020Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$5.00$2.09$2.91
2019Detailed filing. Detailed filing data is available for this year.$9.80$0.00$9.80$4.85$3.10$1.75
2018Summary only. Only limited summary data is available for this year.$8.05$0.00$8.05$4.49$2.77$1.72
2017Detailed filing. Detailed filing data is available for this year.$6.33$0.00$6.33$3.43$2.37$1.06
2016Detailed filing. Detailed filing data is available for this year.$5.27$0.00$5.27$3.01$2.57$0.44
2015Detailed filing. Detailed filing data is available for this year.$4.83$0.00$4.83$2.96$2.07$0.90
2014Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$2.83$2.19$0.64
2013Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$3.00$2.54$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$0.00$2.84$2.42
2011Summary only. Only limited summary data is available for this year.$2.39$0.00$2.39$2.77$1.93$0.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$8,923,802
Mission and Program Overview

Mission

The business council, inc.'s primary exempt purpose is to foster understanding through discussion and to generate greater understanding of major public policy issues and to help create the consensus for solutions.

The business council is a forum for the top global ceos to network, share best practices and discuss policy in an off the record forum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,559,275$9,066,821▲ $1,507,546
Investments in Publicly Traded Securities$6,509,025$7,697,673▲ $1,188,648
Savings and Temporary Cash Investments$6,982,903$6,567,540▼ $415,363
Land, Buildings, and Equipment, Net$0$17,139▲ $17,139
Cash and Non-Interest-Bearing Accounts$1,174$1,720▲ $546
Total Assets$21,086,322$23,384,838▲ $2,298,516
Other Assets Total$33,945$33,945→ $0
Liabilities
Other Liabilities$41,523$101,252▲ $59,729
Accounts Payable and Accrued Expenses$119,519$50,549▼ $68,970
Total Liabilities$161,042$151,801▼ $9,241
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,925,280$23,233,037▲ $2,307,757
Total Net Assets Fund Balance$20,925,280$23,233,037▲ $2,307,757
Total Liabilities and Net Assets / Fund Balance$21,086,322$23,384,838▲ $2,298,516

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,139$16,766$33,905
Other Land Buildings$0$25,391$25,391
Other Securities$9,066,821--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marlene ColucciChief Executive OfficerFT$538,219$166,409$704,628
Adrienne BallDirector of MembershipFT$179,787$53,638$233,425
Gillian AugerDirector of MeetingsFT$154,000$43,604$197,604

Board Members and Trustees

NameTitle
Gail K BoudreauxChair
Satya NadellaImmediate Past Chair
Brian CornellVice Chair
Carol TomeVice Chair
Corie BarryVice Chair
James FitterlingVice Chair
Lisa SuVice Chair
Adena FriednamMember
David M SolomonMember
David W MaclennanMember
Egon DurbanMember
Emma N WalmsleyMember
Henry R KravisMember
Jeffery P BezosMember
John Donahoe IiMember
Kathy J WardenMember
Mary DillonMember
Michael K WirthMember
Shantanu NarayenMember
Thasunda Brown DuckettMember
Thomas BuberlMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,469,900
Investment Income
$836,490
Other Revenue
$0
Change in Net Assets
$2,252,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,246,427
Revenue Not Reported on Financial Statements
$59,963
Revenue Not Reported on Form 990
$55,060
Total Revenue per Audited Statements
$7,301,487
Total Revenue per Form 990
$7,306,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,801,286
Salaries, Compensation, and Employee Benefits$1,252,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$3,136,143
Current Officers, Directors, Trustees, and Key Employees---$704,628
Other Salaries and Wages---$363,290
Fees for Services Other---$131,614
Other Employee Benefits---$120,085
Occupancy---$114,306
Office Expenses---$74,153
Pension Plan Contributions---$64,404
Fees for Service Investment Mgmnt Fees---$59,963
Fees for Services Accounting---$30,944
Travel---$25,000
Information Technology---$22,336
Fees for Services Legal---$10,946
Insurance---$8,310
Other Expenses---$2,088
Depreciation Depletion---$1,319
All Other Expenses---$553
Total Functional Expenses$0$0$0$5,053,693

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,053,693
Expenses per Audited Statements$4,993,730
Total Expenses per Audited Statements$4,993,730
Expenses Not Reported on Financial Statements$59,963
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$101,252
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 6

“The business council limits itself to 250 active members, each of whom is selected on the basis of personal qualities and position as the chief executive officer of a leading private sector business from commerce and industry.”

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

“The executive committee of the council shall consist of at least 11 members elected by the council by a majority vote at any regular meeting, together with the preceding chairman who shall serve as an ex officio member.”

Form 990, Part VI, Section A, Line 8B

“Separate board committees are responsible for maintaining their own meeting minutes.”

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

“The council's chief executive officer reviewed and approved the form 990 prior to filing.”

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

“The chief executive officer's salary was set by the chairman with the full board's consent.”

Form 990, Part VI, Section C, Line 19

“The council does not make available its governing documents or financial statements.”

Filing and Contact Details

Filer

Filer Name
The Business Council Inc
EIN
53-0226281
Phone
2022987650
Address
1801 PENNSYLVANIA AVE NW 830, WASHINGTON, DC 20006

Signing Officer

Name
Marlene Colucci
Title
CEO
Phone
2022987650
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlene Colucci
Formed
1961
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
4
Volunteers
21

Preparer

Firm
Councilor Buchanan & Mitchell Pc
Address
7910 WOODMONT AVE STE 500, BETHESDA, MD 20814
Preparer
Reema Patel
Phone
3019860600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the council may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the council and various positions related to the potential sources of unrelated business taxable income (ubti). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the fiscal year ended december 31, 2024. The council's policy would be to recognize interest and penalties, if any, on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. No interest and penalties were assessed or recorded during the year ended december 31, 2024.”

Raw XML AppendixShowing 400 of 537 raw XML fields

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/PersonNm12EGON DURBAN
IRS990/Form990PartVIISectionAGrp/PersonNm13ADENA FRIEDNAM
IRS990/Form990PartVIISectionAGrp/PersonNm14HENRY R KRAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID W MACLENNAN
IRS990/Form990PartVIISectionAGrp/PersonNm16SHANTANU NARAYEN
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID M SOLOMON
IRS990/Form990PartVIISectionAGrp/PersonNm18EMMA N WALMSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm19KATHY J WARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL K WIRTH
IRS990/Form990PartVIISectionAGrp/PersonNm21MARLENE COLUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm22ADRIENNE BALL
IRS990/Form990PartVIISectionAGrp/PersonNm23GILLIAN AUGER
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF MEMBERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF MEETINGS
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IRS990/MissionDesc0THE BUSINESS COUNCIL IS A GLOBAL CEO DRIVEN ORGANIZATION WHOSE PRIMARY PURPOSE IS TO FOSTER GREATER UNDERSTANDING OF THE MAJOR OPPORTUNITIES AND CHALLENGES FACING BUSINESS, TO SHARE BEST PRACTICES AND TO DEVELOP SOLUTIONS THROUGH DISCUSSION AMONG OUR MEMBERS. MEMBERSHIP IS COMPRISED OF THE CEO'S OF THE WORLD'S LARGEST MULTINATIONAL CORPORATIONS ACROSS ALL INDUSTRY SECTORS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE COUNCIL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COUNCIL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024. THE COUNCIL'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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