Overview
What is Better Business Bureau Of Chicago & Northern Illinois Inc?
The Better Business Bureau of Chicago & Northern Illinois Inc is a nonprofit organization committed to fostering trustworthy business practices and maintaining an ethical relationship between businesses and the public. Based in Chicago, Illinois, they serve a wide area, including northwest Illinois, Kankakee, and various communities in between. Their activities encompass media interviews, marketplace trend coverage, scam alerts, and self-help books. They also distribute specific business reliability reports on 100,000 businesses, with an integral investigation division that promotes integrity in the marketplace. Ethics awards recognize exemplary business practices, and they assist in resolving consumer complaints with businesses. Their mission is to empower consumers and uphold businesses to a higher standard of honesty and integrity, ultimately making a significant impact on the communities they serve.
Official website here: www.chicago.bbb.org/chicago
Is Better Business Bureau Of Chicago & Northern Illinois Inc legitimate?
Better Business Bureau Of Chicago & Northern Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau Of Chicago & Northern Illinois 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: $347,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chicago.bbb.org/chicago
What is the mission statement of Better Business Bureau Of Chicago & Northern Illinois Inc?
The Better Business Bureau of Chicago & Northern Illinois Inc's mission is centered around fostering the highest level of ethical relationships between businesses and the public. They are dedicated to promoting a marketplace based on trust, serving a wide area that spans from northwest Illinois to Kankakee and beyond. The organization engages in community visits, collaborates with local businesses, educates consumers, and promotes relationships built on trust. They provide support to various groups such as the military, seniors, and youth, and work towards holding businesses accountable to higher standards. The continued support of the public leads to increased public outreach, investigations into substandard business behaviors, education on scam awareness, and assistance for businesses to uphold honesty and integrity. In essence, their goal is to make a significant impact on the communities they serve.
Official website here: www.chicago.bbb.org/chicago
Who is the CEO of Better Business Bureau Of Chicago & Northern Illinois Inc?
Steve J Bernas is the President & Ceo of Better Business Bureau Of Chicago & Northern Illinois Inc. The CEO's salary of Better Business Bureau Of Chicago & Northern Illinois Inc is $313,333 and their total compensation is $347,439.
Official website here: www.chicago.bbb.org/chicago
What is the revenue of Better Business Bureau Of Chicago & Northern Illinois Inc?
Better Business Bureau Of Chicago & Northern Illinois Inc's revenue in 2022 was $7,987,628.
Official website here: www.chicago.bbb.org/chicago
Who are the executives of Better Business Bureau Of Chicago & Northern Illinois Inc and what are their salaries?
The average compensation at Better Business Bureau Of Chicago & Northern Illinois Inc during 2022 was $4,136. There are 84 employees at Better Business Bureau Of Chicago & Northern Illinois Inc.
Here are 101 key members and their salaries (Better Business Bureau Of Chicago & Northern Illinois Inc's CEO's salary is $313,333 and their total compensation is $347,439):
- Compensation: $313,333
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Official website here: www.chicago.bbb.org/chicago
Where can I find the form 990 for Better Business Bureau Of Chicago & Northern Illinois Inc?
Better Business Bureau Of Chicago & Northern Illinois Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicago.bbb.org/chicago
Learn more at the official website: www.chicago.bbb.org/chicago
Mission Statement of Better Business Bureau Of Chicago & Northern Illinois Inc
The Better Business Bureau of Chicago & Northern Illinois Inc is dedicated to fostering and promoting ethical relationships between businesses and the public. Their mission is centered around assisting both businesses and consumers in establishing a marketplace built on trust. This nonprofit organization, operating from its base in Chicago, serves an expansive area, extending from northwest Illinois to Kankakee and encompassing all regions in between.
The Better Business Bureau of Chicago & Northern Illinois Inc actively engages in various community outreach initiatives. They visit local communities, collaborate with businesses, educate consumers, and promote relationships that are grounded in trust. Their efforts encompass supporting military personnel, assisting seniors, empowering youth, and holding businesses accountable to upholding high standards of honesty and integrity. By doing so, the Better Business Bureau of Chicago & Northern Illinois Inc aims to create a significant impact in the communities they serve. Their continued support enables more public outreach, increased investigations into substandard business practices, enhanced scam awareness education, and additional resources for businesses to maintain their commitment to integrity.
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Impact
October, 2024
The Better Business Bureau of Chicago & Northern Illinois Inc. plays a pivotal role in fostering ethical relationships between businesses and the public, significantly enhancing trust in the marketplace. Its commitment to promoting fair business practices is manifested through various initiatives, including media outreach to educate consumers about marketplace trends and scams, as well as producing informative self-help resources.
By providing business reliability reports on over 100,000 local businesses, the bureau empowers consumers to make informed decisions while simultaneously holding these businesses accountable for their practices. The organization's investigative division works diligently with various agencies to uphold integrity in the marketplace, addressing complaints and mediating disputes between businesses and consumers to reach satisfactory resolutions.
Moreover, the bureau recognizes and rewards ethical practices through its ethics awards, setting high standards for businesses and encouraging a culture of accountability. Its outreach extends to community education, where it collaborates with local organizations, supports military personnel, assists seniors, and empowers youth—building a foundation of trust that benefits the entire community.
Through continuous public outreach and education on scam awareness, the Better Business Bureau actively promotes a marketplace in which honesty and integrity prevail, ultimately creating a safer and more reliable economic environment for everyone involved.
This information is meant to be a general summary of Better Business Bureau Of Chicago & Northern Illinois 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: $107,412
- Program Service Revenue: $6,712,561
- Gross Receipts: $7,999,422
Assets and Liabilities:
- Total Assets: $8,705,109
- Total Liabilities: $4,563,174
- Net Assets: $4,141,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$6,026,286
MEMBERSHIP PROGRAMS
Revenue
$686,275
Organization Details
Founding Year
1926
Phone
(312) 245-2523Principal Officer
Steve J Bernas
Main Address
121 W Wacker Drive Suite 2000, CHICAGO, IL, 60601
Website
www.chicago.bbb.org/chicagoNTEE Category
Code: W90 - Public benefit
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