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Better Business Bureau Inc

Bbb Serving Central Indiana

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

EIN: 350177190 ✦ Indianapolis, IN ✦ Designated as a 501(c)(6)

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Overview

What is Better Business Bureau Inc?

Better Business Bureau Inc, based in Indianapolis, IN, is a nonprofit dedicated to fostering trust in the local marketplace. They achieve this by providing educational resources, encouraging dialogue, addressing misleading advertising, investigating potential scams, gathering valuable business information, and offering arbitration services. Accredited businesses, who align with their standards of trust, can showcase their commitment by utilizing the trusted BBB seal. Consumers leverage this trustworthy database to gain insights about businesses in their region.


Official website here: www.bbb.org/local-bbb/bbb-serving-central

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: $190,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $977,069

For more financial information, click here


Official website here: www.bbb.org/local-bbb/bbb-serving-central

What is the mission statement of Better Business Bureau Inc?

The Better Business Bureau Inc's mission is centered around advancing marketplace trust. They accomplish this by accrediting businesses that adhere to their standards of trust, allowing them to use the organization's trusted seal. Consumers rely on the information provided by the Better Business Bureau Inc to make informed decisions about businesses in their area. The organization offers various programs and services to educate consumers, promote communication, combat misleading advertising, investigate potential scams, accumulate business data, and provide arbitration in case of disputes. By doing so, the Better Business Bureau Inc plays a crucial role in fostering trust and confidence in the marketplace.


Official website here: www.bbb.org/local-bbb/bbb-serving-central

Who is the CEO of Better Business Bureau Inc?

Cathy Armour is the Chair of Better Business Bureau Inc.


Official website here: www.bbb.org/local-bbb/bbb-serving-central

What is the revenue of Better Business Bureau Inc?

Better Business Bureau Inc's revenue in 2022 was $1,932,895.


Official website here: www.bbb.org/local-bbb/bbb-serving-central

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 $36,498. There are 32 employees and 18 volunteers at Better Business Bureau Inc.


Here are 19 key members and their salaries:


Mike Dukate (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Hedglin (Audit Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Holtz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Rake (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mel Mcmahon Stone (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hannah Glaser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mishell Cox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Custer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Rovazzini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Elkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Elliott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Kobek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Gundy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Kuebel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Luppino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Petroskey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Tharp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Armour (President)
  • Compensation: $165,983
  • Related: $0
  • Other: $24,897


Official website here: www.bbb.org/local-bbb/bbb-serving-central

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/local-bbb/bbb-serving-central

Learn more at the official website: www.bbb.org/local-bbb/bbb-serving-central

Mission Statement of Better Business Bureau Inc

Better Business Bureau Inc, in its mission, strives to lead the advancement of marketplace trust in its central region. The organization accomplishes this by providing support to businesses that adhere to its standards of trust, permitting them to display its trusted seal. Consumers, in turn, rely on the information provided by Better Business Bureau Inc to make informed decisions about local businesses. Beyond this, the Better Business Bureau of CTRL works to promote trust in the marketplace by offering programs and services that educate consumers, foster communication, rectify misleading advertising, investigate potential scams, accumulate informative business data, and provide arbitration. By doing so, the Better Business Bureau Inc plays a crucial role in ensuring a trustworthy marketplace for all.

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Impact




October, 2024

The Better Business Bureau Inc (BBB) significantly influences marketplace trust in Central Indiana through its commitment to educating consumers and supporting ethical business practices. By providing vital resources and information, the BBB empowers consumers to make informed purchasing decisions.

The organization promotes a culture of transparency and accountability by offering services such as investigating possible scams, correcting misleading advertising, and facilitating communication between consumers and businesses. Its trusted seal serves as a symbol of credibility for accredited businesses, fostering a sense of reliability in the marketplace.

As a result, consumers increasingly rely on the BBB's resources to identify trustworthy businesses, which helps to elevate standards across various industries. Overall, the BBB's presence in the community not only enhances consumer protection but also encourages businesses to adhere to ethical practices, ultimately contributing to a healthier marketplace.




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.

Revenue
$1,932,895 (2022)
Expenses
$1,936,151 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $9,524
  • Program Service Revenue: $79,258
  • Gross Receipts: $1,935,489

Assets and Liabilities:

  • Total Assets: $1,480,553
  • Total Liabilities: $725,216
  • Net Assets: $755,337

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ENHANCED LISTING PROGR

Revenue

$78,868

ARBITRATION

Revenue

$390

Organization Details

Founding Year

1916

Principal Officer

Cathy Armour

Main Address

2601 FORTUNE CIRCLE EAST SUITE 103A, INDIANAPOLIS, IN, 46241

NTEE Category

Code: S44Z - Community improvement

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