Overview
What is Better Business Bureau Inc?
Better Business Bureau Inc, based in Broadview Heights, Ohio, is a prominent nonprofit organization that plays a significant role in promoting trust and ethical business practices within the community. They actively advocate for informed consumer decision-making concerning buying, giving, and advertising practices. The organization accepts and facilitates the resolution of numerous consumer disputes with businesses through mediation or arbitration sessions. BBB Inc also issues reports on companies and charities, educates consumers through various media disseminations, and corresponds with businesses regarding advertisements. With a staff of 32 dedicated individuals, the Better Business Bureau Inc serves as a vital resource for promoting marketplace trust and resolving disputes.
Official website here: www.cleveland.bbb.org
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: $0
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Other Salaries and Wages: $722,691
For more financial information, click here
Official website here: www.cleveland.bbb.org
What is the mission statement of Better Business Bureau Inc?
Better Business Bureau Inc, serving as a leader in advancing marketplace trust and ethics, aims to promote informed buying and giving decisions, truthful advertising, and selling practices. With the support of BBB-accredited businesses adhering to high standards, they strive to facilitate the resolution of marketplace disputes. Through their efforts, Better Business Bureau Inc aims to foster a transparent and trustworthy marketplace, benefiting both consumers and businesses alike. They receive numerous requests for company and charity reports, consumer counseling, buying tips, complaint assistance, and business assistance, responding to these requests and issuing reports on various companies and charities. The organization also facilitates the attempted resolution of consumer disputes with businesses, hosting mediation or arbitration sessions and corresponding with businesses seeking modifications or substantiation of advertisements. They educate consumers through media disseminations, resulting in increased media exposure.
Official website here: www.cleveland.bbb.org
Who is the CEO of Better Business Bureau Inc?
Sue Mcconnell is the President of Better Business Bureau Inc.
Official website here: www.cleveland.bbb.org
What is the revenue of Better Business Bureau Inc?
Better Business Bureau Inc's revenue in 2022 was $2,069,091.
Official website here: www.cleveland.bbb.org
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 $22,584. There are 32 employees and 28 volunteers at Better Business Bureau Inc.
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Official website here: www.cleveland.bbb.org
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.cleveland.bbb.org
Learn more at the official website: www.cleveland.bbb.org
Mission Statement of Better Business Bureau Inc
Better Business Bureau Inc, as a leading advocate for advancing marketplace trust and ethics, aims to promote informed buying and giving decisions, truthful advertising, and selling practices, as well as the resolution of marketplace disputes. The organization achieves this mission by supporting businesses that meet high standards and adhere to BBB's accreditation criteria. By doing so, Better Business Bureau Inc encourages responsible and ethical business practices, providing consumers with the confidence to make well-informed decisions.
In addition to promoting trust and ethics, Better Business Bureau Inc plays a crucial role in resolving marketplace disputes. The organization accepts and facilitates attempts to resolve consumer disputes with businesses, hosting mediation or arbitration sessions when necessary. Better Business Bureau Inc also corresponds with businesses seeking to substantiate or modify their advertisements, ensuring truthfulness and transparency in advertising practices.
Furthermore, Better Business Bureau Inc educates consumers through various means, such as media disseminations and website visits. The organization's extensive resources and reports on companies and charities provide consumers with valuable information, empowering them to make informed decisions. By addressing consumer concerns, educating the public, and promoting ethical business practices, Better Business Bureau Inc fosters a more trustworthy and transparent marketplace.
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Impact
October, 2024
Better Business Bureau Inc (BBB) plays a crucial role in fostering trust and ethical practices in the marketplace. By promoting informed buying and giving decisions, the BBB helps consumers navigate their choices, ensuring they have access to reliable information about businesses and charities. This empowers consumers to make sound decisions based on truthful advertising and ethical selling practices.
The organization addresses consumer concerns directly by providing assistance with disputes, facilitating mediation and arbitration, and offering valuable resources such as company and charity reports. The high volume of inquiries and website visits indicates that consumers actively seek BBB's guidance for buying tips, complaint assistance, and overall business service support.
Additionally, through proactive media engagement and public education initiatives, BBB raises awareness about marketplace issues and ethical practices. This not only informs consumers but also holds businesses accountable, encouraging them to uphold high standards of conduct. In essence, the Better Business Bureau Inc strengthens consumer confidence and promotes a fair marketplace where both consumers and businesses can thrive.
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: $62,129
- Program Service Revenue: $1,807,456
- Gross Receipts: $2,069,091
Assets and Liabilities:
- Total Assets: $4,202,114
- Total Liabilities: $255,766
- Net Assets: $3,946,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCESSING FEES
Revenue
$46,234
RELATED PARTY SERVICES PERFORMED
Revenue
$12,000
MEMBERSHIP DUES
Revenue
$1,590,564
MEMBERSHIP PROGRAMS
Revenue
$157,683
ARBITRATION REIMBURSEMENT
Revenue
$975
Organization Details
Founding Year
1922
Phone
(216) 623-8964Principal Officer
Sue Mcconnell
Main Address
200 TREEWORTH BLVD, BROADVIEW HEIGHTS, OH, 44147
Website
www.cleveland.bbb.orgNTEE Category
Code: W90 - Public benefit
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