2014-04-04T16:55:12-05:00 2013-12-31 521644925 MAY & BARNHARD PC CPA 4840 CORDELL AVENUE BETHESDA MD 20814 990 2013-01-01 530226281 THE BUSINESS COUNCIL INC BUSI 2022987650 1901 PENNSYLVANIA AVENUE NO 701 WASHINGTON DC 20006 MARLENE COLUCCI EXECUTIVE DIRECTOR 2022987650 2014-04-01 1 JUDITH P BARNHARD P00024965 3016565794 2014-04-01 2013 2015-11-30 17:44:51Z X MARLENE COLUCCI 1901 PENNSYLVANIA AVENUE NO 701 WASHINGTON DC 20006 2997983 0 X WWW.THEBUSINESSCOUNCIL.ORG X 1961 VA OUR PURPOSE IS TO FOSTER UNDERSTANDING OF PUBLIC POLICY ISSUES & CREATE SOLUTIONS. 15 15 5 0 0 0 0 0 2847319 2969480 20870 25622 0 0 2868189 2995102 0 0 0 0 1004598 1249661 0 0 0 1418785 1287274 2423383 2536935 444806 458167 2835922 3294089 0 0 2835922 3294089 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. 0 0 SPONSORED THREE MEETINGS FOR THE PURPOSE OF DEVELOPING A CONSTRUCTIVE POINT OF VIEW ON MATTERS OF PUBLIC POLICY AFFECTING THE BUSINESS INTEREST OF THE COUNTRY AND TO PROVIDE A MEDIUM FOR BETTER UNDERSTANDING OF GOVERNMENT PROBLEMS BY BUSINESS. THERE ARE APPROXIMATELY 146 ACTIVE MEMBERS, 10 GRADUATE MEMBERS AND 27 RETIRED MEMBERS. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 8 0 5 1 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 0 0 0 0 0 1 1 1 0 0 X EXECUTIVE DIRECTOR OF THE COUNCIL 2022987650 1901 PENNSYLVANIA AVENUE SUITE 701 WASHINGTON DC 20006 ANDREW N LIVERIS CHAIRMAN 1.00 X X 0 0 0 URSULA M BURNS VICE CHAIRMAN 1.00 X X 0 0 0 RICHARD K DAVIS VICE CHAIRMAN 1.00 X X 0 0 0 HENRY R KRAVIS VICE CHAIRMAN 1.00 X X 0 0 0 DOUGLAS R OBERHELMAN VICE CHAIRMAN 1.00 X X 0 0 0 JEFFREY L BEWKES MEMBER 1.00 X 0 0 0 JEFFREY P BEZOS MEMBER 1.00 X 0 0 0 LOUIS R CHENEVERT MEMBER 1.00 X 0 0 0 JAMES DIMON MEMBER 1.00 X 0 0 0 ELLEN J KULLMAN MEMBER 1.00 X 0 0 0 GREGORY R PAGE MEMBER 1.00 X 0 0 0 NANCY C SOUTHERN MEMBER 1.00 X 0 0 0 RANDALL L STEPHENSON MEMBER 1.00 X 0 0 0 PETER R VOSER MEMBER 1.00 X 0 0 0 JOHN S WATSON MEMBER 1.00 X 0 0 0 MARLENE COLUCCI EXECUTIVE DIRECTOR (AUG- PRESENT) 40.00 X 199595 0 14422 PHILLIP CASSIDY PAST EXECUTIVE DIRECTOR (JAN-JULY) 40.00 X 418828 0 243382 618423 0 257804 2 0 1 0 RUSSELL REYNOLDS ASSOCIATES INC PO BOX 6427 NEW YORK NY 10249 EXECUTIVE SEARCH FIRM 103600 1 MEMBERSHIP DUES 900099 2969480 2969480 2969480 27803 27803 700 2881 -2181 -2181 -2181 2995102 2969480 0 25622 876227 208809 104113 12654 9030 38828 13787 177274 15074 6318 48011 49877 922031 4792 2523 PRINTING 22693 POSTAGE & DELIVERY 11518 TELEPHONE 9098 EQUIPMENT RENTAL 3672 606 2536935 -25868 1570042 68018 57753 10108 10265 2851682 1713782 2835922 3294089 0 0 X 2835922 3294089 2835922 3294089 2835922 3294089 458167 0 X 0 1 X 0 0 0 1 0 68018 57753 10265 10265 CERTIFICATES OF DEPOSIT - VARIOUS 1713782 F 1713782 2997283 0 2997283 -2181 -2181 2995102 2539116 2181 2181 2536935 0 2536935 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -2,181. 1 X X X 1 0 0 MARLENE COLUCCI EXECUTIVE DIRECTOR (AUG- PRESENT) 187500 0 0 0 12095 0 0 0 14422 0 214017 0 0 0 PHILLIP CASSIDY PAST EXECUTIVE DIRECTOR (JAN-JULY) 360000 0 50000 0 8828 0 223050 0 20332 0 662210 0 0 0 PART I, LINE 4A THE BUSINESS COUNCIL TERMINATED ITS DEFINED BEENFIT PLAN DURING 2013 AND DISTRIBUTED THE ASSETS TO PLAN PARTICIPANTS. MR. CASSIDY WAS A PARTICIPANT IN THE PLAN. CINDY CASSIDY OFFICE MANAGER MARRIED TO EXECUTIVE DIRECTOR (RETIRED JULY 2013) 208809 PAYMENT OF SALARY AND BENEFITS 0 FORM 990, PART VI, SECTION A, LINE 6 THE BUSINESS COUNCIL LIMITS ITSELF TO 150 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 11 THE ORGANIZATION'S EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY WAS SET BY THE CHAIRMAN WITH THE FULL BOARD'S CONSENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE AVAILABLE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS.