Overview
What is Better Business Bureau Inc?
Better Business Bureau Inc (BBB) is a nonprofit organization based in Phoenix, Arizona, with a presence in Southern California and Central, Northern, and Western Arizona. Established locally in 1938, BBB's mission is to create a marketplace where buyers and sellers can trust each other. To achieve this, the organization fosters a community of trustworthy businesses, sets high standards for marketplace trust, encourages best practices, and denounces substandard behavior. BBB accomplishes this through various initiatives, including providing objective advice, free business and charity reviews, and educational resources on marketplace trust-related topics. Furthermore, the bureau offers free dispute resolution services, such as mediation and arbitration, to help resolve conflicts between businesses and consumers. With over 20,225 accredited businesses, BBB supports its vision by creating a reliable and trustworthy business environment.
Is Better Business Bureau Inc legitimate?
Better Business Bureau Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,833,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,259,804
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Mission Statement of Better Business Bureau Inc
Better Business Bureau Inc, a renowned organization, strives to be the leading advocate for marketplace trust. It achieves this mission by building a community of trustworthy businesses, establishing industry standards, encouraging best practices, recognizing role models, and condemning substandard marketplace behavior.
The Better Business Bureau sets and upholds high standards for fair and honest business conduct. Businesses that earn accreditation from the Bureau sign a contract to adhere to these standards. Founded locally in 1938, Better Business Bureau serves communities in Southern California and Central, Northern, and Western Arizona. The organization boasts the support of over 20,225 BBB accredited businesses.
Better Business Bureau offers objective advice, free business and charity reviews, and educational materials on topics related to marketplace trust. Additionally, it provides free dispute resolution services, including mediation and arbitration, to help realize its vision of a marketplace where buyers and sellers can trust each other.
Impact
This information is meant to be a general summary of Better Business Bureau Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Better Business Bureau Inc is a key player in advancing marketplace trust by setting and upholding high standards for fair and honest business behavior. Businesses that earn BBB accreditation commit to these standards, contributing to a community of trustworthy businesses. With over 20,225 accredited businesses supporting its mission, BBB provides objective advice, free business and charity reviews, and educational resources on marketplace trust. Additionally, BBB offers free dispute resolution services to foster a marketplace where buyers and sellers can trust each other. By promoting best practices, denouncing substandard behavior, and providing valuable resources, the Better Business Bureau Inc is making a significant impact in building consumer trust and confidence in the marketplace.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITATION
Revenue
$12,830,120
SHARED SERVICES
Revenue
$1,505,776
SPONSORSHIP/ADV PROGRAMS
Revenue
$1,687,323
Organization Details
Founding Year
1938
Phone
(602) 264-1727
Principal Officer
Curt Hench
Main Address
1010 E MISSOURI AVENUE, PHOENIX, AZ, 85014
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