Overview
What is Better Business Bureau Of Minnesota Inc?
Better Business Bureau of Minnesota Inc is a nonprofit organization, headquartered in Burnsville, Minnesota. With a team of 52 employees, their primary mission is to foster an honest and trustworthy marketplace, acting as a mediator between buyers and sellers. They actively engage in public affairs, collaborating with governmental bodies to promote consumer protection and uphold business ethics. Their efforts primarily focus on accredited businesses, advocating for self-regulation and high moral standards. By doing so, they aim to create a marketplace where both parties can confidently conduct transactions.
Official website here: www.bbb.org/minnesota/
Is Better Business Bureau Of Minnesota Inc legitimate?
Better Business Bureau Of Minnesota Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau Of Minnesota 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: $1,052,049
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,942,584
For more financial information, click here
Official website here: www.bbb.org/minnesota/
What is the mission statement of Better Business Bureau Of Minnesota Inc?
The Better Business Bureau of Minnesota Inc is committed to establishing a reliable marketplace where both buyers and sellers can trust each other. They strive to lead the advancement of marketplace trust. To achieve this, they offer Accredited Business services and consumer protection programs. They actively participate in public affairs related to business and consumer interests, cooperating with governmental bodies and agencies to provide advice and counsel. The organization advocates for policies that promote consumer protection and a thriving free market economy. They develop programs for Accredited Businesses to foster self-regulation and uphold high ethical standards. Their services are designed to shield consumers from unethical, deceptive, and fraudulent business practices.
Official website here: www.bbb.org/minnesota/
Who is the CEO of Better Business Bureau Of Minnesota Inc?
Susan Adams Loyd is the Board Chair of Better Business Bureau Of Minnesota Inc. The CEO's salary of Better Business Bureau Of Minnesota Inc is $313,101 and their total compensation is $358,645.
Official website here: www.bbb.org/minnesota/
What is the revenue of Better Business Bureau Of Minnesota Inc?
Better Business Bureau Of Minnesota Inc's revenue in 2022 was $4,952,353.
Official website here: www.bbb.org/minnesota/
Who are the executives of Better Business Bureau Of Minnesota Inc and what are their salaries?
The average compensation at Better Business Bureau Of Minnesota Inc during 2022 was $57,589. There are 52 employees and 14 volunteers at Better Business Bureau Of Minnesota Inc.
Here are 30 key members and their salaries (Better Business Bureau Of Minnesota Inc's CEO's salary is $313,101 and their total compensation is $358,645):
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- Compensation: $112,373
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- Compensation: $104,885
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- Other: $19,235
Official website here: www.bbb.org/minnesota/
Where can I find the form 990 for Better Business Bureau Of Minnesota Inc?
Better Business Bureau Of Minnesota Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbb.org/minnesota/
Learn more at the official website: www.bbb.org/minnesota/
Mission Statement of Better Business Bureau Of Minnesota Inc
Better Business Bureau of Minnesota Inc is committed to establishing a reliable marketplace where both buyers and sellers can trust each other. Their primary mission is to take the lead in enhancing marketplace trust. To achieve this, they actively engage in public affairs that impact business and consumer interests. They collaborate with governmental bodies and agencies, providing them with information and counsel on such matters. BBB advocates for policies that promote consumer protection and a thriving free market economy.
The Better Business Bureau of Minnesota Inc develops programs specifically for businesses that are accredited by them. These programs aim to support self-regulation and uphold high ethical standards in business practices. They provide measures and perform services to safeguard consumers against unscrupulous, misleading, deceitful, and unethical business practices. By doing so, they work towards fostering a marketplace where trust is the foundation, benefiting both consumers and businesses alike.
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Impact
October, 2024
The Better Business Bureau of Minnesota Inc plays a vital role in promoting trust and ethical behavior within the marketplace. Its commitment to creating an environment where buyers and sellers can rely on each other fosters a healthier economic landscape. Through its accredited business services, the bureau sets high standards for business ethics and encourages self-regulation among its members.
Its consumer protection programs actively safeguard individuals from unscrupulous practices, ensuring that consumers can make informed decisions while mitigating the risks associated with fraudulent and deceptive behavior. By engaging in public affairs and collaborating with government entities, the BBB enhances awareness of consumer rights and advocates for policies that uphold consumer interests while supporting a competitive economy.
The organization's efforts lead to better transparency and accountability in business practices, reinforcing trust in the marketplace. By addressing unethical behavior and promoting ethical standards, the Better Business Bureau of Minnesota Inc significantly contributes to a fairer marketplace, benefiting both consumers and businesses alike.
This information is meant to be a general summary of Better Business Bureau Of Minnesota 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: $50,769
- Program Service Revenue: $4,342,584
- Gross Receipts: $4,952,353
Assets and Liabilities:
- Total Assets: $5,220,297
- Total Liabilities: $2,488,224
- Net Assets: $2,732,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues
Revenue
$4,165,199
Advertising
Revenue
$110,924
Review services
Revenue
$60,000
Other programs
Revenue
$6,461
Organization Details
Founding Year
1912
Phone
(651) 695-2477Principal Officer
Susan Adams Loyd
Main Address
220 S River Ridge Cir, Burnsville, MN, 55337
Website
www.bbb.org/minnesota/NTEE Category
Code: W90 - Public benefit
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