Overview
What is Better Business Bureau Of Delaware Inc?
Better Business Bureau of Delaware Inc is a nonprofit organization situated in New Castle, Delaware, with a mission to foster trust within the marketplace. They achieve this by advocating for ethical business practices, setting standards for marketplace trust, encouraging and supporting best practices, recognizing trustworthy businesses, and denouncing substandard behavior. The organization evaluates businesses against its own comprehensive set of policies, procedures, and best practices focused on treating the public fairly and honestly. By doing so, Better Business Bureau of Delaware Inc serves as an unbiased source for objective information on businesses, providing educational resources and expert advice for free. In 2022, they reported 1,258,248 pieces of information and handled approximately 11,171 complaints, indicating their active role in monitoring and addressing business issues affecting consumers.
Official website here: www.bbb.org
Is Better Business Bureau Of Delaware Inc legitimate?
Better Business Bureau Of Delaware Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau Of Delaware 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: $162,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,303
For more financial information, click here
Official website here: www.bbb.org
What is the mission statement of Better Business Bureau Of Delaware Inc?
The Better Business Bureau of Delaware Inc's mission is centered around promoting ethical relationships between consumers, businesses, and the public. They achieve this through voluntary self-regulation, consumer and business education, and advocating for service excellence. The organization's goal is to be a leader in advancing marketplace trust by creating a community of trustworthy businesses, setting standards for marketplace trust, encouraging best practices, celebrating role models, and denouncing substandard behavior. BBB's mission is driven by two primary factors: integrity and performance. Integrity involves respect, ethics, and intent, while performance speaks to a business's track record of delivering results in accordance with BBB standards and addressing customer concerns effectively. BBB ensures high standards for trust are set and maintained, providing an unbiased source of information on businesses for both consumers and businesses alike. The BBB network allows them to monitor and take action on numerous business issues affecting consumers at any given time.
Official website here: www.bbb.org
What is the revenue of Better Business Bureau Of Delaware Inc?
Better Business Bureau Of Delaware Inc's revenue in 2023 was $710,596.
Official website here: www.bbb.org
Who are the executives of Better Business Bureau Of Delaware Inc and what are their salaries?
The average compensation at Better Business Bureau Of Delaware Inc during 2023 was $89,451. There are 4 employees and 2 volunteers at Better Business Bureau Of Delaware Inc.
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- Compensation: $130,000
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- Other: $32,502
Official website here: www.bbb.org
Where can I find the form 990 for Better Business Bureau Of Delaware Inc?
Better Business Bureau Of Delaware 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 Of Delaware Inc
Better Business Bureau of Delaware Inc strives to promote the highest ethical relationship between consumers, businesses, and the public. This nonprofit organization achieves its mission by fostering a community of trustworthy businesses, setting standards for marketplace trust, encouraging and supporting best practices, celebrating marketplace role models, and denouncing substandard marketplace behavior. The BBB believes that trust is a function of two primary factors: integrity and performance. Integrity encompasses respect, ethics, and intent, while performance speaks to a business's track record of delivering results in accordance with BBB standards and addressing customer concerns in a timely, satisfactory manner.
The Better Business Bureau of Delaware Inc ensures that high standards for trust are set and maintained. It serves as an unbiased source of information for both consumers and businesses. The nonprofit provides educational information and expert advice that is free of charge and easily accessible. Businesses that meet BBB standards are reviewed and accepted as BBB Accredited Businesses, agreeing to live up to the organization's standards for trust. BBB's comprehensive set of policies, procedures, and best practices focuses on how businesses should treat the public, fairly and honestly in all circumstances.
In 2022, the Bureau provided 1,258,248 reports to consumers and handled approximately 11,171 complaints. This demonstrates the organization's commitment to monitoring and addressing thousands of business issues affecting consumers at any given time. By promoting ethical business practices, the Better Business Bureau of Delaware Inc plays a crucial role in building trust in the marketplace, benefiting both businesses and consumers alike.
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Impact
October, 2024
The Better Business Bureau of Delaware, Inc. plays a crucial role in fostering trust between consumers and businesses. By promoting the highest ethical standards and encouraging voluntary self-regulation, the organization enhances marketplace integrity. This is achieved through various initiatives focused on education and advocacy.
BBB operates as a key resource for consumers seeking unbiased information about businesses. By evaluating businesses against established Standards for Trust, it ensures that reputable companies are recognized and celebrated for their commitment to ethical practices. This recognition not only builds consumer confidence but also encourages other businesses to adhere to high standards.
In a rapidly changing marketplace, BBB provides valuable services such as consumer education and accessible resources for both consumers and businesses. In 2022, the Bureau processed over 11,171 complaints and provided more than 1.25 million reports to consumers, illustrating its impact on consumer protection and business accountability.
Furthermore, the BBB’s commitment to addressing customer concerns in a timely manner helps to create a culture of service excellence. By denouncing substandard marketplace behavior and supporting best practices, the organization promotes a healthier, more trustworthy commercial environment.
Overall, the Better Business Bureau of Delaware significantly contributes to public benefit by advancing marketplace trust, ultimately benefiting consumers and ethical businesses alike.
This information is meant to be a general summary of Better Business Bureau Of Delaware 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: $3,759
- Program Service Revenue: $612,905
- Gross Receipts: $728,866
Assets and Liabilities:
- Total Assets: $450,243
- Total Liabilities: $0
- Net Assets: $450,243
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$594,373
EVENTS AND SEMINARS
Revenue
$17,907
ARBITRATION
Revenue
$625
Organization Details
Founding Year
1965
Principal Officer
Christine Sauers
Website
www.bbb.orgNTEE Category
Code: W90 - Public benefit
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