Tennessee Business Roundtable
- Assets
- $77.3k
- Revenue
- $234.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 62-1181085
Organization Overview
Tennessee Business Roundtable is located in Nashville, TN. The organization was established in 1984. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Tennessee Business Roundtable employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Business Roundtable is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Tennessee Business Roundtable generated $234.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $253.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPTIMIZE THE QUALITY OF LIFE AND WELL-BEING OF ALL TENNESSEANS, WE CONVENE BUSINESS LEADERS AND STRATEGIC THINKERS WHO DEVELOP, ADVOCATE FOR AND SEEK TO IMPLEMENT PUBLIC POLICIES AND BUSINESS-DRIVEN INITIATIVES THAT ENHANCE OUR STATE'S VIBRANT ECONOMIC CLIMATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 THE ROUNDTABLE EXECUTED FOUR QUARTERLY CONVENINGS OF ITS MEMBER EXECUTIVES AND BOARD OF DIRECTORS. AT EACH, MEMBER EXECUTIVES ENGAGED WITH ONE ANOTHER ON BUSINESS AND POLICY CONCERNS OF MUTUAL INTEREST, AND RECEIVED BRIEFINGS FROM SUBJECT MATTER EXPERTS AND GOVERNMENT AND CIVIC LEADERS ON SUBJECTS RELATING TO THOSE CONCERNS, INCLUDING LABOR FORCE TRENDS IN TENNESSEE, ACCESS TO HEALTH CARE AND INSURANCE, THE WEST TENNESSEE REGIONAL ECONOMY, AND STATE BUDGET AND POLICY PRIORITIES OF THE LEE ADMINISTRATION. IN ADDITION, THE ORGANIZATION EXECUTED THREE REGIONAL EVENTS INFORMING MEMBER EXECS ABOUT FORD'S BLUEOVAL CITY INVESTMENT, CYBERSECURITY THREATS TO BUSINESS, AND CORPORATE CULTURE RESEARCH.
THE ROUNDTABLE ACTIVELY INFORMED ITS MEMBER BUSINESS EXECUTIVES AND ALSO BUSINESS AND BROADER STAKEHOLDER AUDIENCES VIA MULTIPLE COMMUNICATION CHANNELS ABOUT POLICY, LEGAL AND BUSINESS MATTERS AFFECTING THE STATE'S BUSINESS COMMUNITY, INCLUDING UPDATES AND INSIGHTS ON BUSINESS TRENDS, LEGAL AND REGULATORY DEVELOPMENTS, AND ELECTIONS AT BOTH THE STATE AND FEDERAL LEVELS. THESE COMMUNICATIONS WERE DELIVERED TO THOSE AUDIENCES VIA DIRECT ELECTRONIC COMMUNICATIONS, BLOG POSTS, AND SOCIAL MEDIA COMMUNICATIONS.
THE ROUNDTABLE CONTRIBUTED SIGNIFICANTLY TO THE DEVELOPMENT OF STATE PUBLIC POLICIES IN THREE AREAS:THE REPLACEMENT OF TENNESSEE'S K-12 STATE FUNDING FORMULA WITH THE NEW TENNESSEE INVESTMENT IN STUDENT ACHIEVEMENT FORMULA; THE WORK OF THE TN CHILD CARE TASK FORCE, AS A KEY APPOINTEE REPRESENTING THE INTERESTS OF NON-PROVIDER BUSINESSES; AND THE TENNESSEE INFORMATION PROTECTION ACT, A NEW STATE REGULATORY FRAMEWORK GOVERNING CONSUMER RIGHTS TO DATA PRIVACY. IN ADDITION, THE ROUNDTABLE CONTRIBUTED FUNDS TO TWO STATE BALLOT COMMITTEES ADVOCATING IN FAVOR OF TWO PROPOSED AMENDMENTS TO THE CONSTITUTION OF TENNESSEE: AMENDMENT 1, WHICH CODIFIED STATE RIGHT TO WORK PROTECTIONS, AND AMENDMENT 3, WHICH CLARIFIED THE STATE'S ABSOLUTE PROHIBITION ON SLAVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harrell Mike Chair-Elect | OfficerTrustee | 1 | $0 |
Kisber Matt Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Mcwherter Mike Regional Vp, West Tn | Trustee | 0.2 | $0 |
Mollenhour Jordan Regional Vp, East Tn | Trustee | 0.2 | $0 |
Mulligan Colton At-Large Director | Trustee | 0.2 | $0 |
Norman Keith Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,800 |
| Total Program Service Revenue | $224,125 |
| Investment income | $126 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,051 |
| 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. | $125,126 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38 |
| Advertising and promotion | $21,252 |
| Office expenses | $3,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,389 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,473 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,207 |
| All other expenses | $386 |
| Total functional expenses | $253,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,322 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,266 |
| Total liabilities | $5,266 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $72,056 |
| Total liabilities and net assets/fund balances | $77,322 |