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
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: $194,119
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,307,505
For more financial information, click here
Official website here: www.bbb.org
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
What is the revenue of Better Business Bureau Inc?
Better Business Bureau Inc's revenue in 2023 was $2,471,213.
Official website here: www.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 2023 was $60,065. There are 25 employees and 17 volunteers at Better Business Bureau Inc.
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- Compensation: $119,848
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- Other: $19,198
Official website here: www.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 2023 and can be accessed here.
Official website here: www.bbb.org
Learn more at the official website: www.bbb.org
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $18,207
- Program Service Revenue: $247,200
- Gross Receipts: $2,473,986
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
$247,200
Organization Details
Founding Year
1916
Principal Officer
Cathy Armour
Website
www.bbb.orgNTEE Category
Code: S44Z - Community improvement
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