Billion Dollar Roundtable Inc
- Assets
- $996.8k
- Revenue
- $312.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Spanish Fort, AL
- Founding
- 07/2006
- Data as of
- 12/2020
- EIN
- 27-0104930
Organization Overview
Billion Dollar Roundtable Inc is located in Spanish Fort, AL. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billion Dollar Roundtable Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Billion Dollar Roundtable Inc generated $312.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $153.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF CORPORATE PURCHASING BY MAJOR CORPORATIONS FROM BUSINESS SUPPLIERS WHO MEET DIVERSITY REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND SHARING BEST PRACTICES IN SUPPLY CHAIN DIVERSITY THROUGH CONFERENCES AND SOCIAL MEDIA. THE ANNUAL SUMMIT CONFERENCE, WHICH HAD BEEN SUSPENDED IN 2020 DUE TO COVID-19, WAS RESUMED IN A VIRTUAL FORMAT. REPRESENTATIVES OF LARGE CORPORATIONS WHO WOULD LIKE TO INCREASE THE DIVERSITY OF THEIR SUPPLIER BASE ARE INVITED TO THIS ANNUAL PRESENTATION WHICH SHOWCASES THE SUPPLIER DIVERSITY PROGRAM. A VIRTUAL PROGRAM CALLED "BDR CONNECTS" CONTINUED TO BRING INTERESTED PARTIES TOGETHER IN A VIRTUAL FORMAT TO DISCUSS VARIOUS ISSUES RELATED TO SUPPLIER DIVERSITY. IN 2021 "BDR CONNECTS" HIGHLIGHTED INDIVIDUAL DIVERSE SUPPLIERS AND CONNECTED THEM WITH INTERESTED PURCHASERS OF THEIR PRODUCTS AND SERVICES.
RECOGNIZING CORPORATIONS WHO ACHIEVE REQUIRED LEVELS OF SPENDING WITH QUALIFYING SUPPLIERS AND ENCOURAGING INCREASED LEVELS. QUALIFYING SUPPLIERS ARE THOSE WITH MINORITY, WOMEN, VETERAN, DISABLED, LGBT, AND GLOBALLY DIVERSE OWNERS. AT THE TIME OF THIS FILING BILLION DOLLAR ROUNDTABLE HAS 32 MEMBERS COMPOSED OF LARGE CORPORATIONS WHO HAVE MET THE REQUIREMENT OF SPENDING AT LEAST ONE BILLION DOLLARS WITH SUPPLIERS WHO MEET THE DIVERSITY QUALIFICATIONS. PARTICIPATION LEVELS ARE VERIFIED BY INDEPENDENT TESTING.
WRITING POLICY PAPERS AND REPORTS TO HIGHLIGHT CURRENT TRENDS AND BEST PRACTICES FOR ACHIEVING SUPPLY CHAIN DIVERSITY. AN ANNUAL REPORT HIGHLIGHTING BDR ACHIEVEMENTS, INCLUDING THE RESULTS OF A STUDY SHOWING THE ECONOMIC IMPACT OF ITS PROGRAMS, WAS COMMISSIONED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Patterson Pres/ceo | OfficerTrustee | 40 | $78,000 |
Ajamu Johnson Treasurer | OfficerTrustee | $0 | |
Helena Hutton Vice Preside | OfficerTrustee | $0 | |
Camille Geiger Secretary | OfficerTrustee | $0 | |
Shelley Stewart Jr Chairman | OfficerTrustee | $0 | |
William Kapfer Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $280,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,000 |
| Total Program Service Revenue | $0 |
| Investment income | $608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,539 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,000 |
| Compensation of current officers, directors, key employees. | $25,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $13,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,842 |
| Advertising and promotion | $0 |
| Office expenses | $3,773 |
| Information technology | $8,458 |
| Royalties | $0 |
| Occupancy | $9,909 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $760 |
| Insurance | $455 |
| All other expenses | $0 |
| Total functional expenses | $153,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $836,562 |
| Savings and temporary cash investments | $128,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,394 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $996,757 |
| Accounts payable and accrued expenses | $2,606 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,606 |
| Net assets without donor restrictions | $949,151 |
| Net assets with donor restrictions | $15,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $996,757 |
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