Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 2 | DUE TO THE SIZE AND DIVERSITY OF THE MEMBERS OF THE BUSINESS ROUNDTABLE, WE ASSUME THAT DIRECTORS MAY HAVE FAMILY AND/OR BUSINESS RELATIONSHIPS WITH OTHER DIRECTORS. |
| Form 990, Part VI, Section A, line 4 | IN 2017, THE BUSINESS ROUNDTABLE CHANGED ITS NAME TO THE BUSINESS ROUNDTABLE, INC. WHEN THE FORM OF ORGANIZATION CHANGED FROM AN UNINCOPRATED ASSOCIATION TO AN INCORPORATED TAX EXEMPT ORGANIZATION. |
| Form 990, Part VI, Section A, line 6 | BUSINESS ROUNDTABLE IS AN ASSOCIATION OF CHIEF EXECUTIVE OFFICERS. THE CHIEF EXECUTIVE OFFICER IS THE MEMBER, AND HE/SHE REPRESENTS THE COMPANY. |
| Form 990, Part VI, Section A, line 7a | THE MEMBERS OF BUSINESS ROUNDTABLE ELECT A CHAIRMAN AND THE VICE CHAIRS OF THE ORGANIZATION. |
| Form 990, Part VI, Section B, line 11b | BUSINESS ROUNDTABLE'S FORM 990 IS PREPARED BY AN INDEPENDENT PROFESSIONAL SERVICES FIRM AND REVIEWED BY SENIOR MANAGEMENT BEFORE IT IS FILED WITH THE IRS. |
| Form 990, Part VI, Section B, line 12c | THE BUSINESS ROUNDTABLE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. DURING THE ANNUAL BUDGET PROCESS, ALL VENDORS ARE REVIEWED BY ALL STAFF, ALLOWING ANY CONFLICTS OF INTEREST TO BE DISCOVERED, DISCLOSED AND RESOLVED. IF CONFLICTS OF INTEREST ARISE, THE CONFLICTED INDIVIDUAL(S) IS RECUSED FROM DECISION MAKING/EXPENSE APPROVAL RELATING TO THE SPECIFIC VENDOR(S)/PERSON(S). |
| Form 990, Part VI, Section B, line 15a | THE PROCESS FOR DETERMINING THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL (PRESIDENT) INCLUDES AN INDEPENDENT REVIEW AND APPROVAL BASED ON PERFORMANCE AND COMPARABILITY DATA. COMPENSATION DECISIONS APPROVED BY THE CHAIR ARE ALSO REVIEWED BY THE EXECUTIVE COMMITTEE (GOVERNING BODY) ON AN ANNUAL BASIS. THE BUSINESS ROUNDTABLE PARTICIPATES AND RECEIVES AN ANNUAL CEO COMPENSATION AND BENEFITS SURVEY WITH COMPARABILITY DATA. |
| Form 990, Part VI, Section C, line 19 | BUSINESS ROUNDTABLE MAKES ITS FINANCIAL STATEMENTS (FORM 990) AVAILABLE UPON WRITTEN REQUEST TO THE PUBLIC. BUSINESS ROUNDTABLE'S ARTICLES OF ASSOCIATION AND CONFLICT OF INTEREST POLICY ARE NOT PUBLICLY AVAILABLE. |
| FORM 990, PART XII, LINE 1 - OTHER METHOD OF ACCOUNTING EXPLANTION: | THE BUSINESS ROUNDTABLE USES MODIFIED CASH BASIS. |
| REASON FOR AMENDED RETURN: | Page 2, Part III, to adjust presentation of organization's mission and program services Page 3, Part IV, Line 3, has been udpated to indicate the organization's need to complete Schedule C, Part I Page 9, Part VIII, Lines 1 and 2, to adjust presentation of membership dues From Line 1b to the correct line, Line 2a Schedule C, Part I has been adjusted to present the organization's 2016 political activity. A 2016 Form 1120-POL was also prepared |
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