2024-06-20T12:20:10-05:00 2023-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2023-01-01 530226281 THE BUSINESS COUNCIL INC BUSI 2022987650 1801 PENNSYLVANIA AVE NW 830 WASHINGTON DC 20006 MARLENE COLUCCI CEO 2022987650 2024-06-11 1 MARLENE COLUCCI 999009999 0 JUDITH P BARNHARD P00024965 3019860600 2024-06-11 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X MARLENE COLUCCI 1801 PENNSYLVANIA AVE NW 830 WASHINGTON DC 20006 8211404 0 X WWW.THEBUSINESSCOUNCIL.ORG X 1961 VA 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. 22 22 4 22 0 0 0 0 6099914 6392434 259851 565475 0 0 6359765 6957909 0 0 0 0 1025410 1094007 0 0 0 3133859 2981393 4159269 4075400 2200496 2882509 17841800 21086322 17523 161042 17824277 20925280 X 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. 0 0 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. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 0 0 0 0 0 1 1 1 0 0 X CEO OF THE COUNCIL 2022987650 1801 PENNSYLVANIA AVE NW SUITE 830 WASHINGTON DC 20006 X GAIL K BOUDREAUX CHAIR 1.00 X X 0 0 0 CORIE BARRY VICE CHAIR 1.00 X X 0 0 0 BRIAN CORNELL VICE CHAIR 1.00 X X 0 0 0 LISA SU VICE CHAIR 1.00 X X 0 0 0 CAROL TOME VICE CHAIR 1.00 X X 0 0 0 SATYA NADELLA IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JEFFERY P BEZOS MEMBER 1.00 X 0 0 0 THASUNDA BROWM DUCKETT MEMBER 1.00 X 0 0 0 THOMAS BUBERL MEMBER 1.00 X 0 0 0 MARY DILLON MEMBER 1.00 X 0 0 0 JOHN DONAHOE II MEMBER 1.00 X 0 0 0 EGON DURBAN MEMBER 1.00 X 0 0 0 ROGER W FERGUSON JR MEMBER 1.00 X 0 0 0 JAMES FITTERLING MEMBER 1.00 X 0 0 0 ADENA FRIEDNAM MEMBER 1.00 X 0 0 0 HENRY R KRAVIS MEMBER 1.00 X 0 0 0 DAVID W MACLENNAN MEMBER 1.00 X 0 0 0 SHANTANU NARAYEN MEMBER 1.00 X 0 0 0 DAVID M SOLOMON MEMBER 1.00 X 0 0 0 EMMA N WALMSLEY MEMBER 1.00 X 0 0 0 KATHY J WARDEN MEMBER 1.00 X 0 0 0 MICHAEL K WIRTH MEMBER 1.00 X 0 0 0 MARLENE COLUCCI CHIEF EXECUTIVE OFFICER 40.00 X 503951 0 111426 ADRIENNE BALL DIRECTOR OF MEMBERSHIP 40.00 X 163443 0 40045 GILLIAN AUGER DIRECTOR OF MEETINGS 40.00 X 140000 0 28042 807394 0 179513 3 0 1 0 KAREN DENISE GRANT 1177 22ND STREET 8G WASHINGTON DC 20037 STRATEGIC ALIGNMENT 130000 1 MEMBERSHIP DUES 900099 6392434 6392434 6392434 597566 597566 1221404 1253495 -32091 -32091 -32091 6957909 6392434 0 565475 X 615377 332944 52518 93168 19593 26240 50677 279741 20105 18841 148719 38108 2217544 6158 DUES & SUBSCRIPTIONS 94308 PRINTING & POSTAGE 47388 TELEPHONE 9939 BANK FEES 2750 1282 4075400 650 1174 6285606 6982903 83161 83161 0 0 5270872 6509025 6221865 7559275 62807 33945 17841800 21086322 119519 17523 41523 17523 161042 X 17824277 20925280 17824277 20925280 17841800 21086322 2882509 218494 0 X X 0 1 X 1 0 0 1 0 57770 57770 0 25391 25391 0 0 CERTIFICATES OF DEPOSIT - VARIOUS 7559275 C 7559275 DEFERRED COMPENSATION PAYABLE 41523 41523 X 7125726 218494 218494 6907232 50677 50677 6957909 4024723 0 4024723 50677 50677 4075400 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, 2023. 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, 2023. 1 X X X 0 0 0 MARLENE COLUCCI CHIEF EXECUTIVE OFFICER 491856 0 0 0 12095 0 82500 0 28926 0 615377 0 0 0 ADRIENNE BALL DIRECTOR OF MEMBERSHIP 163443 0 0 0 0 0 38225 0 1820 0 203488 0 0 0 GILLIAN AUGER DIRECTOR OF MEETINGS 140000 0 0 0 0 0 10793 0 17249 0 168042 0 0 0 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 COMMITTEE'S 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. FORM 990, PART IX, LINE 11G SURVEY & OTHER CONSULTING 80,600. MISCELLANEOUS 100,000. CONSULTING & MARKETING 99,141. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.