Tennessee Business Leadership Council
- Assets
- $311.6k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/2019
- Data as of
- 08/2022
- EIN
- 82-2954600
Organization Overview
Tennessee Business Leadership Council is located in Nashville, TN. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Business Leadership Council 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 08/2022, Tennessee Business Leadership Council generated $195.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $161.9k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 5 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
THE TENNESSEE BUSINESS LEADERSHIP COUNCIL IS ORGANIZED FOR THE PRIMARY PURPOSE OF PROMOTING THE COMMON BUSINESS INTERESTS OF ITS MEMBERS, AND, AMONG OTHER THINGS, IT SHALL SUPPORT POLICIES THAT FOSTER ECONOMIC GROWTH AND THE GENERAL BUSINESS CLIMATE IN TENNESSEE. IT IS A MEMBERSHIP ORGANIZATION COMPRISED OF BUSINESS LEADERS THAT REPRESENT A CROSS-SECTION OF BUSINESS INTERESTS ACROSS TENNESSEE. THE MISSION OF THE ORGANIZATION IS TO SUPPORT POLICIES AND INITIATIVES THAT HELP MAKE TENNESSEE THE BEST STATE IN THE COUNTRY TO DO BUSINESS AND IMPROVE ECONOMIC OPPORTUNITY FOR TENNESSEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES MEMBERS A FORUM FOR VALUABLE PEER-TO-PEER INTERACTION, TIMELY AND INSIGHTFUL POLICY AND POLITICAL INFORMATION, AND MEANINGFUL INTERACTION AND DIALOGUE WITH TENNESSEE GOVERNMENTAL LEADERS. THE TENNESSEE BUSINESS LEADERSHIP COUNCIL IS A MEMBERSHIP ORGANIZATION COMPRISED OF BUSINESS LEADERS FROM ACROSS TENNESSEE. THE PURPOSE OF THE ORGANIZATION IS TO FACILITATE ENGAGEMENT AND INFORMATION SHARING FOR BUSINESS LEADERS WHO SHARE A COMMON GOAL OF MAKING TENNESSEE A THRIVING CENTER FOR BUSINESS OPPORTUNITY, WORK IN CONJUNCTION WITH REPUTABLE RESEARCH PARTNERS TO STUDY AND ANALYZE ISSUES IMPACTING THE BUSINESS COMMUNITY AND STATE, AND OFFER UNBIASED, DATA-DRIVEN IDEAS TO HELP SOLVE SOME OF THE MOST IMPORTANT ISSUES CONFRONTING OUR STATE. THE MEMBERSHIP IS COMPRISED OF KEY BUSINESS LEADERS FROM ACROSS THE STATE WHO HAVE INFLUENCE IN THEIR RESPECTIVE COMMUNITIES AND REPRESENT A CROSS- SECTION OF BUSINESS INTERESTS IN TENNESSEE. THE ORGANIZATION CONVENES MEETINGS FOR ITS MEMBERS A FEW TIMES PER YEAR TO GIVE THEM THE OPPORTUNITY TO MEET WITH EACH OTHER WHILE ALSO MEETING WITH POLICYMAKERS AND RECEIVING POLICY UPDATES AND SURVEY RESULTS. MEMBERS ALSO RECEIVE REGULAR POLICY AND POLITICAL UPDATES FROM THE THIRD-PARTY MANAGEMENT COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Hininger Director | Trustee | 0.5 | $0 |
Chris Holmes Director | Trustee | 0.5 | $0 |
John R Ingram Chairman | OfficerTrustee | 1 | $0 |
Wanda Lyle Director | Trustee | 0.5 | $0 |
Sharon Pryse Director | Trustee | 0.5 | $0 |
Michael O Ugwueke Vice Chairma | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $195,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $195,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $102,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,168 |
| Advertising and promotion | $0 |
| Office expenses | $230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $161,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,566 |
| Savings and temporary cash investments | $0 |
| 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 | $311,566 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $311,566 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $311,566 |