Overview
What is Better Business Bureau Of Western Michigan Incorporated?
The Better Business Bureau of Western Michigan Incorporated, based in Grand Rapids, Michigan, serves as a crucial resource for consumers in the western Michigan area. Primarily functioning through its website, it provides valuable information about local businesses. In certain instances, it also offers assistance via phone conversations. The organization's mission is to foster trust within the marketplace, promoting ethical business practices and dispute resolution. It achieves this by setting standards, celebrating role models, encouraging best practices, denouncing substandard behavior, and building a community of trustworthy businesses. The BBB employs a team of 34 individuals to carry out these objectives.
Official website here: www.bbb.org
Is Better Business Bureau Of Western Michigan Incorporated legitimate?
Better Business Bureau Of Western Michigan Incorporated is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau Of Western Michigan Incorporated 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: $193,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,435,148
For more financial information, click here
Official website here: www.bbb.org
What is the mission statement of Better Business Bureau Of Western Michigan Incorporated?
The Better Business Bureau of Western Michigan Inc. is committed to advancing marketplace trust. They accomplish this mission by establishing a community of trustworthy businesses, setting standards for marketplace trust, encouraging and supporting best business practices, celebrating role models in the marketplace, and denouncing substandard marketplace behavior. Essentially, their goal is to foster an environment where businesses operate ethically and consumers can have confidence in the marketplace.
Official website here: www.bbb.org
Who is the CEO of Better Business Bureau Of Western Michigan Incorporated?
Lisa Frohnapfel is the CEO of Better Business Bureau Of Western Michigan Incorporated The CEO's salary of Better Business Bureau Of Western Michigan Incorporated is $184,074 and their total compensation is $193,831.
Official website here: www.bbb.org
What is the revenue of Better Business Bureau Of Western Michigan Incorporated?
Better Business Bureau Of Western Michigan Incorporated's revenue in 2023 was $2,573,768.
Official website here: www.bbb.org
Who are the executives of Better Business Bureau Of Western Michigan Incorporated and what are their salaries?
The average compensation at Better Business Bureau Of Western Michigan Incorporated during 2023 was $44,026. There are 37 employees and 19 volunteers at Better Business Bureau Of Western Michigan Incorporated.
Here are 20 key members and their salaries (Better Business Bureau Of Western Michigan Incorporated's CEO's salary is $184,074 and their total compensation is $193,831):
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- Compensation: $184,074
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- Other: $9,757
Official website here: www.bbb.org
Where can I find the form 990 for Better Business Bureau Of Western Michigan Incorporated?
Better Business Bureau Of Western Michigan Incorporated'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 Of Western Michigan Incorporated
The Better Business Bureau of Western Michigan, Inc. seeks to foster trust in business transactions and advertising, as well as promote ethical business practices. In line with its mission, this organization serves as a leader in advancing marketplace trust. It accomplishes this objective by taking several strategic approaches.
Firstly, the Better Business Bureau of Western Michigan, Inc. strives to create a community of trustworthy businesses. By doing so, it sets a standard for marketplace trust and encourages and supports businesses to adopt best practices. This approach helps to establish a reliable environment for consumers and businesses alike, fostering confidence in transactions.
Secondly, the Better Business Bureau of Western Michigan, Inc. celebrates marketplace role models and denounces substandard behavior. By acknowledging and promoting businesses that uphold high ethical standards, it incentivizes others to follow suit. Conversely, it denounces businesses that engage in unethical or misleading practices, thereby protecting consumers and maintaining trust in the marketplace.
In summary, the Better Business Bureau of Western Michigan, Inc. works towards promoting trust in business transactions and ethical practices. It achieves this mission by creating a community of trustworthy businesses, setting standards for marketplace trust, encouraging best practices, celebrating role models, and denouncing substandard behavior. By taking these strategic approaches, the Better Business Bureau of Western Michigan, Inc. plays a crucial role in maintaining trust and integrity in the marketplace.
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Impact
October, 2024
The Better Business Bureau of Western Michigan plays a crucial role in fostering trust and ethical practices within the marketplace. By promoting dispute resolution and advocating for transparency in advertising, it helps create a more reliable environment for both consumers and businesses in the region.
Through its website and direct communication, the BBB provides valuable consumer information about businesses, enabling informed decision-making. This accessibility empowers consumers to choose trustworthy vendors and services, which is essential in maintaining a healthy marketplace. The organization sets standards for ethical business practices and highlights companies that exemplify these values, thereby encouraging others to follow suit.
Furthermore, the BBB's initiatives to celebrate good business practices and denounce substandard behavior reinforce a culture of integrity. By establishing a community of trustworthy businesses, it not only uplifts the local economy but also builds consumer confidence, ultimately contributing to a more trustworthy marketplace in Western Michigan.
This information is meant to be a general summary of Better Business Bureau Of Western Michigan Incorporated. 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: $1,872
- Program Service Revenue: $20,877
- Gross Receipts: $2,573,768
Assets and Liabilities:
- Total Assets: $1,834,184
- Total Liabilities: $180,760
- Net Assets: $1,653,424
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITED BUSINESS DI
Revenue
$17,102
ADVERTISING REVIEW
Revenue
$3,600
ARBITRATION FEES
Revenue
$175
Organization Details
Founding Year
1942
Principal Officer
Derek Steele
Website
www.bbb.orgNTEE Category
Code: W90 - Public benefit
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