Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
REGIONAL BUSINESS COUNCIL
Employer identification number
43-1913803
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2,076,610
2,021,272
2,010,808
1,952,973
1,874,450
9,936,113
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
2,076,610
2,021,272
2,010,808
1,952,973
1,874,450
9,936,113
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6
Public Support. Subtract line 5 from line 4.
9,936,113
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
2,076,610
2,021,272
2,010,808
1,952,973
1,874,450
9,936,113
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
60,229
89,514
60,664
35,006
34,879
280,292
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
10,216,405
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
0
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
97.257 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
97.335 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
REGIONAL BUSINESS COUNCIL
Employer identification number
43-1913803
Identifier
Return Reference
Explanation
ADDITIONAL PROGRAM SERVICES
PART III LINE 4D (SEE ATTACHMENTS 2,3 & 4 FOR LINES 4A,B, & C)
Developing the Next Generation of Workers: - Connected more than 120 students from the schools of business and engineering at 14 participating regional colleges and universities with a RBC member for professional one-on-one mentoring. - Developed a special outreach initiative targeting engineering students at 14 participating regional colleges and universities to facilitate their entrance into the local engineering professions. - Contributed $40,000 to an initiative transitioning St. Louis Public School students from the Construction Careers Center into colleges for construction industry-related degrees or apprenticeships. Provided one-on-one coaching as well as funding for bus fare, meals, and curriculum development. - Contributed $20,000 supporting the development of minority-owned construction firms through an incubator program within the Regional Union Construction Center. Expanding Opportunities for Diverse Professionals: - Expanded the Young Professionals Network to over 800 minority professionals. Implemented a board placement strategy connecting YPN participants with professional, civic, and nonprofit agencies. - Funded and supported the Urban League Young Professionals' growth into the largest auxiliary group in the nation; also supported the development of the United Way of St. Louis's outreach to young diverse professionals. - Partnered with 7 historically black colleges and universities to promote economic opportunities in the St. Louis region. - Contributed $30,000 to Insight St. Louis, a program that focuses on drawing talented professionals from historically black colleges to careers in the St. Louis region. - Contributed $10,000 to the St. Louis Minority Business Council's Business Opportunity Fair connecting minority suppliers to the business community. - Allocated $20,000 in funding for the Hispanic Chamber of Commerce as the first disbursement of a three-year financial commitment to the organization to help grow and support Hispanic businesses. - Partnered with Civic Progress (a St. Louis based civic organization) on diversity issues; provided a $10,000 sponsorship to the RBC minority mid-level professionals in the St. Louis Business Diversity Fellows Program that offers professional development opportunities. - Contributed $5,000 toward the establishment of the Bosnian Chamber of Commerce and related professional training programs. - Contributed $5,000 to the Missouri Legislative Black Caucus Foundation in support of college and graduate study scholarships. - Supported numerous educational, cultural and civic organizations including the University of Missouri St. Louis, St. Louis University, the Urban League of St. Louis, and the St. Louis Symphony to expand opportunities for minority youth.
GOVERNANCE - GOVERNING BODY AND POLICIES
PART VI SECTIONS A & B
Item 2: PATRICIA D WHITAKER; RICHARD H MILES -- FAMILY RELATIONSHIP Items 6, 7a-b: Members - RBC members do not receive tangible benefits from the organization and dues are considered charitable contributions. RBC has two classes of voting members regular members and associate members. Both types of members are directors by virtue of their membership and may vote on admission of new members, election of officers and the members of the executive committee. Item 11b Form 990: The Executive Committee regularly reviews the internal financial statements and the organization's activities throughout the year. The financial statements are finalized before the Form 990 is prepared. RBC discusses the Form 990 at a board meeting and it is available to any member upon request. The Form 990 is prepared in collaboration with outside professionals who have expertise in tax-exempt organizations. A draft of the return is reviewed by the executive director before review and signature by another officer. Item 12: Conflict of interest policy - The policy applies to members, directors or officers and employees. They are responsible for self identification and disclosure of actual or potential conflicts to the Executive Committee. The person with the potential conflict does not participate in the decision whether there is a conflict. The disinterested members of the Executive Committee advise whether a transaction should be authorized, approved or ratified. ITEMS 13 & 14 WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. FORMAL POLICES WERE ADOPTED AND PUT IN THE STAFF MANUAL IN 2009. ITEM 15 DETERMINATION OF COMPENSATION - DESCRIPTION OF THE PROCESS - ALL PAY IS BASED ON MARKET AND MERIT. ANNUAL EVALUATIONS ARE CONDUCTED FOR ALL EMPLOYEES. THE EVALUATIONS CONSIDER PERFORMANCE AND PROGRESS TOWARDS PREVIOUSLY ESTABLISHED GOALS. THE EXECUTIVE DIRECTOR REPORTS ON THE OVERALL ACHIEVEMENTS OF THE ORGANIZATION. THE CHAIR THEN REVIEWS THIS REPORT AND DISCUSSES THE DETAILS WITH THE EXECUTIVE DIRECTOR. THE REPORT IS THEN DISCUSSED AT THE EXECUTIVE COMMITTEE, THE INITIATIVE COMMITTEES AND THE FULL BOARD. RBC MONITORS THE COMPENSATION PAID FOR SIMILAR POSITIONS. AS DEEMED APPROPRIATE BY THE CHAIR, A COMPENSATION REVIEW REGARDING THE EXECUTIVE DIRECTOR IS CONDUCTED FROM TIME TO TIME. THE EXECUTIVE DIRECTOR AND RBC ENTER INTO AN EMPLOYMENT AGREEMENT. POSITIONS TO WHICH THE PROCESS APPLIES - THE GENERAL REVIEW PROCESS APPLIES TO ALL EMPLOYEES. ADDITIONAL POLICIES DESCRIBED ABOVE APPLY TO THE EXECUTIVE DIRECTOR. YEAR(S) WHEN THIS PROCESS WAS LAST UNDERTAKEN - THE EVALUATION PROCESS IS ONGOING. COMPARABLE SALARY INFORMATION IS CONSIDERED ANNUALLY. THE LAST COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR WAS IN 2010. THE MOST RECENT EMPLOYMENT AGREEMENT WAS SIGNED IN 2008.
GOVERNANCE - DISCLOSURE
PART VI
ITEM 19 POSTING OF DOCUMENTS RBC MAKES AVAILABLE TO ALL MEMBERS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. ALL NEW MEMBERS RECEIVE COPIES OF THESE DOCUMENTS AND ARE EDUCATED ON THEIR ROLES AND RESPONSIBILITIES AS BOARD MEMBERS. FINANCIAL STATEMENTS ARE DISTRIBUTED AT BOARD AND EXECUTIVE BUSINESS MEETINGS. FURTHER, ALL DOCUMENTS ARE AVAILABLE TO MEMBERS UPON A REASONABLE REQUEST. RBC WILL MAKE AVAILABLE ITS CONFLICT OF INTEREST POLICY TO A MEMBER OF THE PUBLIC UPON WRITTEN REQUEST.
STATEMENT OF FUNCTIONAL EXPENSES
PART IX - LINE 19 - MEETINGS
THE AMOUNT ON LINE 19 "CONFERENCES, CONVENTIONS AND MEETINGS" PERTAINS TO NUMEROUS MEETINGS CONDUCTED IN THE COURSE OF THE EXEMPT FUNCTION PROGRAMS OF RBC. THE MAJORITY OF THESE MEETINGS ARE HELD IN THE ST. LOUIS VICINITY TO ADVANCE THE RBC PROGRAMS AND INITIATIVES.
NET ASSET RECONCILIATION
PART XI Line 5
THE ORGANIZATION'S OTHER CHANGES IN NET ASSETS CONSIST OF UNREALIZED GAINS ON SECURITIES HELD FOR INVESTMENT.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.