Overview
What is The Better Business Bureau Of Metropolitan New York Inc?
The Better Business Bureau of Metropolitan New York Inc is a nonprofit organization located at 30 East 33rd Street, Floor 12, New York, NY. Their primary mission is to foster trust and integrity in the marketplace, aiming for an ethical environment where buyers and sellers can confidently interact. They achieve this through two principal programs: consumer services and business relations. In consumer services, they resolve disputes and complaints, offer information on the reliability of local businesses, operate a help-line, and educate consumers. Business relations involve voluntary self-regulation, business and consumer education, and promoting service excellence. With a workforce of 59 individuals, they provide mediation, arbitration, and other resources to uphold ethical business standards in the New York metropolitan area.
Official website here: www.newyork.bbb.org
Is The Better Business Bureau Of Metropolitan New York Inc legitimate?
The Better Business Bureau Of Metropolitan New York Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Better Business Bureau Of Metropolitan New York 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: $382,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,509,807
For more financial information, click here
Official website here: www.newyork.bbb.org
What is the mission statement of The Better Business Bureau Of Metropolitan New York Inc?
The Better Business Bureau of Metropolitan New York Inc's mission is centered around advancing marketplace trust. Their vision is to establish an ethical marketplace where both buyers and sellers can rely on each other's integrity. To achieve this, they focus on promoting positive relationships between businesses and the public through voluntary self-regulation, consumer and business education, and service excellence. These activities are primarily carried out through two principal programs: consumer services and business relations.
Under the consumer services program, they resolve disputes and complaints through mediation and arbitration. They provide information to consumers about the reliability of businesses, based on investigations into their selling and advertising practices. They operate a consumer help-line and referral service, educate consumers through their website, and occasionally process refunds for restitution.
Official website here: www.newyork.bbb.org
Who is the CEO of The Better Business Bureau Of Metropolitan New York Inc?
Claire Rosenzweig is the Chair of The Better Business Bureau Of Metropolitan New York Inc. The CEO's salary of The Better Business Bureau Of Metropolitan New York Inc is $196,609 and their total compensation is $223,081.
Official website here: www.newyork.bbb.org
What is the revenue of The Better Business Bureau Of Metropolitan New York Inc?
The Better Business Bureau Of Metropolitan New York Inc's revenue in 2022 was $5,011,405.
Official website here: www.newyork.bbb.org
Who are the executives of The Better Business Bureau Of Metropolitan New York Inc and what are their salaries?
The average compensation at The Better Business Bureau Of Metropolitan New York Inc during 2022 was $49,022. There are 59 employees and 21 volunteers at The Better Business Bureau Of Metropolitan New York Inc.
Here are 26 key members and their salaries (The Better Business Bureau Of Metropolitan New York Inc's CEO's salary is $196,609 and their total compensation is $223,081):
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- Compensation: $196,609
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- Compensation: $107,965
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- Compensation: $107,396
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- Other: $20,273
Official website here: www.newyork.bbb.org
Where can I find the form 990 for The Better Business Bureau Of Metropolitan New York Inc?
The Better Business Bureau Of Metropolitan New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newyork.bbb.org
Learn more at the official website: www.newyork.bbb.org
Mission Statement of The Better Business Bureau Of Metropolitan New York Inc
The Better Business Bureau of Metropolitan New York Inc, commonly known as BBB, is dedicated to fostering trust in the marketplace. Its mission is to serve as a leader in this endeavor, envisioning a market where both buyers and sellers can rely on each other's integrity. BBB upholds and acknowledges ethical business standards and practices within the New York metropolitan area.
To achieve this mission, BBB promotes positive relationships between businesses and the public through voluntary self-regulation, consumer and business education, and service excellence. These activities are carried out primarily through two principal programs: consumer services and business relations. The consumer services program involves resolving disputes and complaints through mediation and arbitration, providing information to consumers about the reliability of businesses, operating a consumer help-line and referral service, educating consumers, and occasionally processing restitution refunds. By engaging in these activities, BBB aims to promote trust and confidence in the marketplace, ultimately benefiting both businesses and consumers.
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Impact
October, 2024
The Better Business Bureau of Metropolitan New York Inc significantly enhances marketplace trust in the region by advocating for ethical business practices and fostering positive relationships between consumers and businesses. Its effective resolution of disputes and complaints through mediation and arbitration supports consumers in navigating conflicts, ultimately creating a more reliable marketplace.
The organization's comprehensive consumer services program provides valuable insight into the reliability of over 153,000 businesses through detailed BBB business profiles. These profiles not only reflect companies' practices and histories but also empower consumers with the knowledge needed to make informed decisions. By operating a consumer help-line and referral service, the BBB ensures that individuals have direct access to assistance and guidance when engaging with businesses.
Educational initiatives further strengthen the relationship between consumers and businesses. The BBB offers resources on its website that equip consumers with the tools to identify trustworthy businesses and discern ethical practices. Additionally, the recognition of ethical standards in the business community encourages companies to adopt responsible practices, contributing to an overall ethical marketplace.
In summary, the Better Business Bureau of Metropolitan New York Inc plays a crucial role in promoting trust, transparency, and responsibility within the marketplace, benefiting both consumers and businesses alike.
This information is meant to be a general summary of The Better Business Bureau Of Metropolitan New York 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: $316
- Program Service Revenue: $5,005,118
- Gross Receipts: $5,011,405
Assets and Liabilities:
- Total Assets: $5,793,934
- Total Liabilities: $3,919,159
- Net Assets: $1,874,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCR. BUSINESS FEES
Revenue
$4,529,170
SPONSORSHIP
Revenue
$198,320
CONSUMER INFO SERVICES
Revenue
$120,000
ADVERTISING CAMPAIGN
Revenue
$104,091
PROGRAM ADMINISTRATION
Revenue
$49,523
Organization Details
Founding Year
1922
Phone
(212) 533-7500Principal Officer
Claire Rosenzweig
Main Address
30 EAST 33RD STREET FLOOR 12, NEW YORK, NY, 100165337
Website
www.newyork.bbb.orgNTEE Category
Code: W90 - Public benefit
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