Overview
What is Billion Dollar Roundtable Inc?
Billion Dollar Roundtable Inc is a nonprofit organization situated in Spanish Fort, Alabama. Its primary focus is to foster and disseminate best practices in supply chain diversity. They achieve this through annual summits and social media platforms. The annual summit convenes representatives from large corporations seeking to enhance their supplier diversity, showcasing successful supplier diversity programs. Additionally, the organization offers a virtual program called "BDR Connects," which brings together interested parties to discuss various supplier diversity issues in a virtual setting. The Billion Dollar Roundtable's vision is to influence and shape supplier diversity excellence globally, while its mission is to drive supplier diversity excellence through the sharing of best practices and thought leadership.
Official website here: www.billiondollarroundtable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Billion Dollar Roundtable Inc has received an overall score of 83%, highlighting its strong commitment to accountability and financial practices. The charity has been awarded a Three-Star rating, which indicates that it adheres to high standards in its operations. The favorable score reflects a strong performance in several key areas, particularly its effective governance and transparency.
The organization benefits from an independent board, with 85% of its members being independent, and has shown no material diversion of assets. It also maintains a solid program expense ratio of 74.05%, which suggests that a significant portion of its funding is directed towards its charitable programs. However, there are some areas for improvement, particularly the absence of a whistleblower policy and a document retention policy, which could enhance its governance framework.
Overall, while Billion Dollar Roundtable Inc demonstrates strengths in accountability and financial health, addressing the noted limitations could further solidify its standing and operational transparency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Billion Dollar Roundtable Inc legitimate?
Billion Dollar Roundtable Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Billion Dollar Roundtable Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.billiondollarroundtable.org
What is the mission statement of Billion Dollar Roundtable Inc?
The Billion Dollar Roundtable Inc's mission is centered around driving supplier diversity excellence globally. They achieve this by serving as a leading influence and shaper, promoting best practices in supplier diversity through conferences, social media, and thought leadership. The organization holds an annual summit conference to examine issues in supplier diversity, inviting representatives from large corporations aiming to expand their diverse supplier base. Furthermore, a virtual program named "BDR Connects" continues to bring interested parties together, fostering discussions on various supplier diversity-related issues.
Official website here: www.billiondollarroundtable.org
Who is the CEO of Billion Dollar Roundtable Inc?
Sharon Patterson is the Chairman of Billion Dollar Roundtable Inc.
Official website here: www.billiondollarroundtable.org
What is the revenue of Billion Dollar Roundtable Inc?
Billion Dollar Roundtable Inc's revenue in 2022 was $766,701.
Official website here: www.billiondollarroundtable.org
Who are the executives of Billion Dollar Roundtable Inc and what are their salaries?
The average compensation at Billion Dollar Roundtable Inc during 2022 was $80,000. There is 1 employee at Billion Dollar Roundtable Inc.
Here are 7 key members and their salaries:
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- Compensation: $80,000
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Official website here: www.billiondollarroundtable.org
Where can I find the form 990 for Billion Dollar Roundtable Inc?
Billion Dollar Roundtable Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.billiondollarroundtable.org
Learn more at the official website: www.billiondollarroundtable.org
Mission Statement of Billion Dollar Roundtable Inc
Billion Dollar Roundtable Inc, a prominent organization, is committed to leading, influencing, and shaping supplier diversity excellence globally. Its mission is centered around driving supplier diversity excellence through the dissemination of best practices and thought leadership. The organization aims to inspire and guide businesses in enhancing the diversity of their supplier base, thereby promoting inclusivity and equality in the supply chain. Through conferences, social media platforms, and initiatives like the Annual Summit Conference and the virtual program, BDR Connects, Billion Dollar Roundtable Inc shares insights and encourages the implementation of effective supplier diversity strategies among large corporations.
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Impact
October, 2024
Billion Dollar Roundtable Inc. plays a vital role in enhancing supplier diversity across industries by spearheading initiatives that inspire and educate corporations. Their commitment to sharing best practices and thought leadership focuses on building effective supplier diversity programs.
Through annual summit conferences, the organization creates a platform for representatives of large corporations to explore key issues in supplier diversity, fostering an environment where innovative strategies can be developed and shared. The conference is a centerpiece event, drawing attention to the successful implementation of diverse supplier programs.
Additionally, the "BDR CONNECTS" virtual initiative allows ongoing discussions among stakeholders, ensuring continuous engagement and knowledge exchange. By driving awareness and collaboration, Billion Dollar Roundtable Inc. significantly impacts the expansion of diverse supplier networks, empowering businesses to not only enhance their supply chains but also contribute to broader economic inclusivity.
This information is meant to be a general summary of Billion Dollar Roundtable Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $54
- Gross Receipts: $767,465
Assets and Liabilities:
- Total Assets: $1,351,305
- Total Liabilities: $87,981
- Net Assets: $1,263,324
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Organization Details
Founding Year
2004
Phone
(251) 626-1445Principal Officer
Sharon Patterson
Main Address
7131 APPLEWATER CT, SPANISH FORT, AL, 36527
NTEE Category
Code: B90 - Education
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