The Business Roundtable INC EIN 23-7236607

The Business Roundtable INC

EIN  23-7236607 Business league / trade association Washington, DC Founded 1972
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Advocates for public policies that promote U.S. investment, workforce development, and economic growth by leveraging the expertise of chief executive officers.
Leadership
Joshua Bolten · CEO · $4.4M
Money in and out
$65.6M revenue, $63.2M expenses
Bottom line
+4% operating surplus

Advocates for public policies that promote U.S. investment, workforce development, and economic growth by leveraging the expertise of chief executive officers. For fiscal year 2024 it reported $65.6M in revenue, $63.2M in expenses, and $50.2M in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$65.6M
Pt VIII · Ln 12
Total expenses
$63.2M
Pt IX · Ln 25
Net assets
$50.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.4M
Operating surplus
+4%
revenue over expenses▼ -75% vs prior filing year
Earned revenue
96%
of revenue from program services & dues▼ -2% vs prior filing year
Payroll share
46%
of spending is salaries & benefits▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$65.6M
FY2024▲ +2%
Expenses
$63.2M
FY2024▲ +14%
Total assets
$50.2M
FY2024▲ +5%
Total liabilities
$0
FY2024
Total revenue
$65.6M
Pt VIII · Ln 12
Total expenses
$63.2M
Pt IX · Ln 25
Net assets
$50.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.4M
Total assetsPt X · Ln 16$50.2M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The business roundtable's mision 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…

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Business Roundtable INC
EINHdr · item D23-7236607
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.businessroundtable.org
Year of formationHdr · item L1972
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFEmployment (J99)
Ruling yearIRS BMFNov 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$4,410,574Pt VII · Sec A
President & COO
$2,402,784Pt VII · Sec A
Senior Vice President
$770,722Pt VII · Sec A
Senior Vice President
$737,752Pt VII · Sec A
$688,987Pt VII · Sec A
$685,134Pt VII · Sec A
Chief of Staff
$635,590Pt VII · Sec A
Senior Vice President
$634,105Pt VII · Sec A

Joshua Bolten’s $4.4M as CEO is at the 100th percentile of top reported officer pay among 415 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joshua Bolten$4,410,574$4,207,677$3,808,081
Joshua B Bolten$3,406,484$3,408,154
Kristen Silverberg$2,402,784$2,222,061$1,832,481
Jessica L Boulanger$2,188,828$1,250,923
Marcus C Peacock$1,779,683$1,343,764
Kristen L Silverberg$1,220,150$1,011,305
Maria Ghazal$944,799$681,700
Michael Steel$770,722$733,502$876,183

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$62.9M · 96%
Investment income$2.7M · 4%
Program service revenue96%$62.9M
Investment income4%$2.7M
Other revenue$69K
Total revenueLn 12$65.6M

Balance Sheet

Part X · end of year
CashLn 1$6.1M
Total assetsLn 16$50.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$50.2M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50.0M · Operating expenses/yr $63.2M
9.5 months
Where the money goes
Program services
Program services — · Total expenses $63.2M
Management & General
Management & general — · Total expenses $63.2M
Fundraising
Fundraising — · Total expenses $63.2M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $65.6M
0%
Government reliance
Government grants — · Total revenue $65.6M
Earned-income share
Program service revenue $62.9M · Total revenue $65.6M
96%
Investment reliance
Investment income $2.7M · Total revenue $65.6M
+4%
Program self-sufficiency
Program service revenue $62.9M · Total expenses $63.2M
99%
Growth & trend
Revenue growth (YoY)
This year $65.6M · Prior year $64.5M
+2%
Revenue CAGR
FY2020 $50.3M · FY2024 $65.6M
+7%
Net-asset trend (YoY)
End of year $50.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $65.6M · Expenses $63.2M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $50.2M
Net-asset ratio
Net assets $50.2M · Total assets $50.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $25.9M · Other securities (Pt X, ln 12) $17.9M · Total assets (Pt X, ln 16) $50.2M
87%
People & payroll
Highest Reported Total Compensation
Individual Joshua Bolten · Reported title CEO · Highest reported compensation $4.4M · Total expenses $63.2M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29.0M · Total expenses $63.2M
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 163 grants · $10.6M · 2020–2024
Tax FoundationDC · FY2024$310,000
Bipartisan Policy Center INCDC · FY2024$250,000
Americans for Tax ReformDC · FY2024$200,000
Farmers for Free TradeWY · FY2024$175,000
American Action Forum INCDC · FY2024$150,000
Business Roundtable ActionDC · FY2024$74,132
Center ForwardVA · FY2024$55,853
Third WayDC · FY2024$50,000
State Solutions INCDC · FY2024$50,000
Senate Working Group INCDC · FY2024$50,000
See all 163 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$65.6M revenue · viewing · ⤓ 990 PDF
FY2023$64.5M revenue · ⤓ 990 PDF
FY2022$63.5M revenue · ⤓ 990 PDF
FY2021$56.8M revenue · ⤓ 990 PDF
FY2020$50.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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