Overview
What is Better Business Bureau Inc?
Better Business Bureau Inc, located in Cromwell, Connecticut, is a nonprofit organization that advocates for fair and honest business practices. Established in the state, it accepts businesses into its organization after a thorough review of their operations to ensure they adhere to its accreditation standards. The Better Business Bureau's mission is to lead in creating a community of trustworthy businesses, setting standards for marketplace trust, and encouraging and supporting best practices. Its primary objective is to promote a favorable business environment and consumer protection. With over 5000 members, the organization publishes a newsletter featuring consumer tips and member spotlights, enabling consumers to check a business's rating before engaging in transactions.
Official website here: www.bbb.org/us/ct
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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $562,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,340,199
For more financial information, click here
Official website here: www.bbb.org/us/ct
What is the mission statement of Better Business Bureau Inc?
The Better Business Bureau Inc's mission is centered around fostering an environment of trustworthy businesses and setting standards for marketplace integrity. It promotes responsible business practices and consumer protection. The organization's membership exceeds 5,000 businesses, and it actively seeks out businesses to join its organization. Before acceptance, businesses undergo a thorough review to ensure they meet the BBB's accreditation standards. The Better Business Bureau publishes a newsletter with consumer tips and member spotlights. Consumers can utilize the organization's services to check a business's rating, helping them make informed decisions about whether or not to do business with a particular entity.
Official website here: www.bbb.org/us/ct
Who is the CEO of Better Business Bureau Inc?
Paulette Scarpetti is the Past Chairman of Better Business Bureau Inc.
Official website here: www.bbb.org/us/ct
What is the revenue of Better Business Bureau Inc?
Better Business Bureau Inc's revenue in 2022 was $3,649,516.
Official website here: www.bbb.org/us/ct
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 $52,856. There are 36 employees at Better Business Bureau Inc.
Here are 33 key members and their salaries:
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Official website here: www.bbb.org/us/ct
Where can I find the form 990 for Better Business Bureau Inc?
Better Business Bureau Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbb.org/us/ct
Learn more at the official website: www.bbb.org/us/ct
Mission Statement of Better Business Bureau Inc
Better Business Bureau Inc, as a non-profit organization, is committed to leading the establishment of a trustworthy business community. It sets standards for marketplace trust and encourages and supports best practices. The primary mission of Better Business Bureau Inc is to foster a conducive business environment and promote consumer protection. With over 5000 members, this organization plays a significant role in upholding high standards for fair and honest business behavior.
To achieve its mission, Better Business Bureau Inc publishes a newsletter that includes valuable consumer tips and member spotlights. The newsletter serves as a platform to educate consumers about responsible business practices and to highlight the achievements of its members. Additionally, the Better Business Bureau provides a rating system that allows consumers to check the history of businesses before engaging in any transactions with them. This rating system helps consumers make informed decisions and foster trust in the marketplace. By actively seeking out businesses in Connecticut and accepting them only after a thorough review of their business practices, Better Business Bureau Inc ensures that its members adhere to its accreditation standards, thereby promoting a culture of ethical and responsible business conduct.
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Impact
October, 2024
The Better Business Bureau Inc. plays a significant role in fostering trust between consumers and businesses. By setting high standards for fair and honest business behavior, it actively promotes a culture of transparency and integrity in the marketplace. Businesses in Connecticut seeking BBB accreditation must undergo a thorough review of their practices, ensuring they align with the organization’s commitment to ethical conduct.
Through its efforts, the BBB enhances consumer protection by providing a reliable platform for individuals to verify the credibility of businesses. The extensive membership, which exceeds 5,000, reflects a strong community of trusted organizations that prioritize customer satisfaction. Additionally, the BBB's publications, such as newsletters that offer consumer tips and highlight member achievements, contribute to an informed public.
Moreover, the BBB contributes to creating an environment where best practices are encouraged and upheld, enhancing overall business conditions. By empowering consumers with the ability to check business ratings and histories, it safeguards their interests and supports informed decision-making, ultimately benefiting the community at large.
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.
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: -$1,065
- Program Service Revenue: $3,647,875
- Gross Receipts: $3,741,064
Assets and Liabilities:
- Total Assets: $4,796,553
- Total Liabilities: $2,360,538
- Net Assets: $2,436,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,235,158
TARGETED DISPLAY ADS
Revenue
$406,592
MY COMPLAINTS
Revenue
$4,100
BUSINESS SUMMIT & MARK
Revenue
$1,500
ARBITRATION PROGRAM
Revenue
$525
Organization Details
Founding Year
1954
Phone
(860) 740-4500Principal Officer
Paulette Scarpetti
Main Address
29 BERLIN ROAD, CROMWELL, CT, 06416
Website
www.bbb.org/us/ctNTEE Category
Code: W90 - Public benefit
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