Nonprofit · EIN 53-0226281
BUSINESS COUNCIL INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,208,308 | $4,982,144 | $2,226,164 | $26,108,783 | $291,071 | $25,817,712 |
| December 31, 2024 | 990 | $7,306,390 | $5,053,693 | $2,252,697 | $23,384,838 | $151,801 | $23,233,037 |
| December 31, 2023 | 990 | $6,957,909 | $4,075,400 | $2,882,509 | $21,086,322 | $161,042 | $20,925,280 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,324,913
- Investment income
- $883,395
- Net gain from sales of assets
- -$91,591
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $681,464
- Other salaries and wages
- $460,966
- Salaries, compensation and benefits (total)
- $1,507,049
- Professional fundraising fees
- $0
- Legal fees
- $7,625
- Accounting fees
- $33,280
- Occupancy
- $135,687
- Travel
- $49,917
- Depreciation
- $2,637
Balance sheet and other
- Total assets, start of year
- $23,384,838
- Total assets, end of year
- $26,108,783
- Total liabilities, end of year
- $291,071
- Net assets, end of year
- $25,817,712
- Land, buildings and equipment
- $14,502
- Publicly traded securities
- $12,290,354
- Net assets without donor restrictions
- $25,817,712
- Gross receipts
- $7,387,626
- Employees
- 5
- Volunteers
- 23
- Year formed
- 1961
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARLENE M COLUCCI | CHIEF EXECUTIVE OFFICER Key employee | 40 | $556,362 | $125,102 |
| ADRIENNE BALL | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $216,531 | $73,403 |
| GILLIAN AUGER | DIRECTOR OF MEETINGS Highest-paid employee | 40 | $186,682 | $44,836 |
| BRIAN CORNELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE GASS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KENNETH C GRIFFIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN R MOELLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| D JAMES UMPLEBY III | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GAIL K BOUDREAUX | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CORIE BARRY | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFERY P BEZOS | MEMBER Trustee or director | 1 | $0 | $0 |
| THASUNDA BROWN DUCKETT | MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS BUBERL | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN DONAHOE II | MEMBER Trustee or director | 1 | $0 | $0 |
| EGON DURBAN | MEMBER Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES D FARLEY JR | MEMBER Trustee or director | 1 | $0 |
| JAMES R FITTERLING | MEMBER Trustee or director | 1 | $0 |
| ADENA T FRIEDNAM | MEMBER Trustee or director | 1 | $0 |
| HENRY R KRAVIS | MEMBER Trustee or director | 1 | $0 |
| RYAN MARSHALL | MEMBER Trustee or director | 1 | $0 |
| SATYA NADELLA | MEMBER Trustee or director | 1 | $0 |
| DAVID M SOLOMON | MEMBER Trustee or director | 1 | $0 |
| LISA T SU | MEMBER Trustee or director | 1 | $0 |
| EMMA N WALMSLEY | MEMBER Trustee or director | 1 | $0 |
| KATHY J WARDEN | MEMBER Trustee or director | 1 | $0 |
| MICHAEL K WIRTH | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARLENE COLUCCI | CHIEF EXECUTIVE OFFICER Key employee | 40 | $550,314 | $154,314 |
| ADRIENNE BALL | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $179,787 | $53,638 |
| GILLIAN AUGER | DIRECTOR OF MEETINGS Highest-paid employee | 40 | $154,000 | $43,604 |
| GAIL K BOUDREAUX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CORIE BARRY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN CORNELL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAMES FITTERLING | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LISA SU | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROL TOME | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SATYA NADELLA | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFFERY P BEZOS | MEMBER Trustee or director | 1 | $0 | $0 |
| THASUNDA BROWN DUCKETT | MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS BUBERL | MEMBER Trustee or director | 1 | $0 | $0 |
| MARY DILLON | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN DONAHOE II | MEMBER Trustee or director | 1 | $0 | $0 |
| EGON DURBAN | MEMBER Trustee or director | 1 | $0 | $0 |
| ADENA FRIEDNAM | MEMBER Trustee or director | 1 | $0 | $0 |
| HENRY R KRAVIS | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID W MACLENNAN | MEMBER Trustee or director | 1 | $0 | $0 |
| SHANTANU NARAYEN | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID M SOLOMON | MEMBER Trustee or director | 1 | $0 | $0 |
| EMMA N WALMSLEY | MEMBER Trustee or director | 1 | $0 | $0 |
| KATHY J WARDEN | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL K WIRTH | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARLENE COLUCCI | CHIEF EXECUTIVE OFFICER Key employee | 40 | $503,951 | $111,426 |
| ADRIENNE BALL | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $163,443 | $40,045 |
| GILLIAN AUGER | DIRECTOR OF MEETINGS Highest-paid employee | 40 | $140,000 | $28,042 |
| GAIL K BOUDREAUX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CORIE BARRY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN CORNELL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LISA SU | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROL TOME | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SATYA NADELLA | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFFERY P BEZOS | MEMBER Trustee or director | 1 | $0 | $0 |
| THASUNDA BROWM DUCKETT | MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS BUBERL | MEMBER Trustee or director | 1 | $0 | $0 |
| MARY DILLON | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN DONAHOE II | MEMBER Trustee or director | 1 | $0 | $0 |
| EGON DURBAN | MEMBER Trustee or director | 1 | $0 | $0 |
| ROGER W FERGUSON JR | MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES FITTERLING | MEMBER Trustee or director | 1 | $0 | $0 |
| ADENA FRIEDNAM | MEMBER Trustee or director | 1 | $0 | $0 |
| HENRY R KRAVIS | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID W MACLENNAN | MEMBER Trustee or director | 1 | $0 | $0 |
| SHANTANU NARAYEN | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID M SOLOMON | MEMBER Trustee or director | 1 | $0 | $0 |
| EMMA N WALMSLEY | MEMBER Trustee or director | 1 | $0 | $0 |
| KATHY J WARDEN | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL K WIRTH | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1801 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006-3606
- Principal officer (990 for 2025)
- MARLENE M COLUCCI, 1801 PENNSYLVANIA AVE NW 830, WASHINGTON, DC 20006
- Signed the 990
- MARLENE M COLUCCI, CHIEF EXECUTIVE OFFICER
- Phone
- (202) 298-7650
- Website
- WWW.THEBUSINESSCOUNCIL.ORG
- Return prepared by
- COUNCILOR BUCHANAN & MITCHELL PC
Mission
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 53-0226281
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $26,108,783
- Income (IRS master file)
- $7,387,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,208,308 | $4,982,144 | $26,108,783 | IRS |
| 990 | December 2024 | $7,306,390 | $5,053,693 | $23,384,838 | IRS |
| 990 | December 2023 | $6,957,909 | $4,075,400 | $21,086,322 | XML |
| 990 | December 2022 | $6,359,765 | $4,159,269 | $17,841,800 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 53-0226281).
Questions about BUSINESS COUNCIL INC
- What is the EIN of BUSINESS COUNCIL INC?
- The employer identification number (EIN) of BUSINESS COUNCIL INC is 53-0226281.
- Is BUSINESS COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1962.
- Are donations to BUSINESS COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUSINESS COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUSINESS COUNCIL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESS COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BUSINESS COUNCIL INC?
- The 990 for the year ended December 31, 2025 names MARLENE M COLUCCI.
- Who are the officers and directors of BUSINESS COUNCIL INC?
- The 990 for the year ended December 31, 2025 lists 26 people; 3 received compensation from the organization, the highest $556,362 (MARLENE M COLUCCI, CHIEF EXECUTIVE OFFICER).
- How much revenue does BUSINESS COUNCIL INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,208,308, expenses of $4,982,144 and total assets of $26,108,783 at year end.
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