Better Business Bureau Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 860006552 ✦ Phoenix, AZ ✦ Designated as a 501(c)(6)

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

For more financial information, click here


What is the mission statement of Better Business Bureau Inc?
Who is the CEO of Better Business Bureau Inc?
What is the revenue of Better Business Bureau Inc?
Who are the executives of Better Business Bureau Inc and what are their salaries?

The average compensation at Better Business Bureau Inc during 2022 was $56,705. There are 178 employees and 43 volunteers at Better Business Bureau Inc.

Here are 54 key members and their salaries (Better Business Bureau Inc's CEO's salary is $487,203 and their total compensation is $520,002):


Where can I find the form 990 for Better Business Bureau Inc?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $16,023,219
  • Gross Receipts: $16,528,755

    • Assets and Liabilities:
  • Total Assets: $13,521,438
  • Total Liabilities: $6,549,345
  • Net Assets: $6,972,093
  • 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

    Principal Officer

    Curt Hench

    Main Address

    1010 E MISSOURI AVENUE, PHOENIX, AZ, 85014

    If you are a representative of Better Business Bureau Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.