Overview
What is Better Business Bureau Of The Mid-South Inc?
Better Business Bureau of the Mid-South Inc is a nonprofit organization based in Memphis, Tennessee, with approximately 4,400 member businesses. Their primary mission is to foster an ethical marketplace where buyers and sellers can confidently transact, acting as a mediator when needed. They achieve this by setting standards for marketplace trust, encouraging best practices, celebrating role models, and denouncing unsatisfactory business behavior. Additionally, the organization offers free information to both businesses and the public, serving as a valuable resource in the Mid-South region. With around 23 employees, Better Business Bureau of the Mid-South Inc plays a crucial role in maintaining trust within the local business community.
Official website here: www.bbb.org
Is Better Business Bureau Of The Mid-South Inc legitimate?
Better Business Bureau Of The Mid-South Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau Of The Mid-South 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: $397,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $759,969
For more financial information, click here
Official website here: www.bbb.org
What is the mission statement of Better Business Bureau Of The Mid-South Inc?
The Better Business Bureau of the Mid-South Inc strives to establish an ethical marketplace where both buyers and sellers can rely on each other with confidence. Their mission is to take the lead in fostering marketplace trust. They achieve this by creating a community of trustworthy businesses, setting standards for marketplace trust, encouraging and supporting best practices, recognizing marketplace role models, and condemning substandard marketplace behavior.
Official website here: www.bbb.org
Who is the CEO of Better Business Bureau Of The Mid-South Inc?
Randall L Hutchinson is the Immediate Past Chairman of Better Business Bureau Of The Mid-South Inc. The CEO's salary of Better Business Bureau Of The Mid-South Inc is $178,600 and their total compensation is $189,678.
Official website here: www.bbb.org
What is the revenue of Better Business Bureau Of The Mid-South Inc?
Better Business Bureau Of The Mid-South Inc's revenue in 2022 was $2,384,900.
Official website here: www.bbb.org
Who are the executives of Better Business Bureau Of The Mid-South Inc and what are their salaries?
The average compensation at Better Business Bureau Of The Mid-South Inc during 2022 was $50,316. There are 23 employees at Better Business Bureau Of The Mid-South Inc.
Here are 34 key members and their salaries (Better Business Bureau Of The Mid-South Inc's CEO's salary is $178,600 and their total compensation is $189,678):
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- Other: $4,798
Official website here: www.bbb.org
Where can I find the form 990 for Better Business Bureau Of The Mid-South Inc?
Better Business Bureau Of The Mid-South Inc's most recent form 990 was submitted in 2022 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 The Mid-South Inc
Better Business Bureau of the Mid-South Inc strives to establish an ethical marketplace where both buyers and sellers can rely on each other's honesty and integrity. This nonprofit organization's mission is multifaceted, encompassing various aspects that contribute to fostering trust within the marketplace. By serving as a leader in promoting marketplace trust, Better Business Bureau of the Mid-South Inc achieves its goal through several key strategies.
Firstly, the organization establishes a community of trustworthy businesses. This involves setting standards for ethical conduct and encouraging businesses to adopt best practices. By celebrating marketplace role models and denouncing substandard behavior, Better Business Bureau of the Mid-South Inc ensures that consumers can make informed decisions and trust the businesses they interact with.
Secondly, the nonprofit encourages and supports businesses in adhering to these standards. This may include offering resources, advice, or guidance to help businesses improve their practices and build trust with their customers. By promoting transparency and accountability, Better Business Bureau of the Mid-South Inc helps create a marketplace where buyers and sellers can trust one another.
In summary, Better Business Bureau of the Mid-South Inc plays a crucial role in fostering trust in the marketplace. By creating a community of trustworthy businesses, setting standards for ethical conduct, and encouraging best practices, this nonprofit organization helps build confidence between buyers and sellers. This, in turn, facilitates a more robust and reliable marketplace, benefiting both consumers and businesses alike.
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Impact
October, 2024
The Better Business Bureau of the Mid-South Inc significantly enhances trust and transparency in the marketplace. By fostering an ethical marketplace, it connects consumers and businesses, promoting an environment where both parties can engage with confidence. With approximately 4,400 member businesses, the organization plays a crucial role in providing valuable information to the public and businesses alike, acting as a mediator to resolve disputes when necessary.
Its commitment to advancing marketplace trust influences business practices by establishing standards and encouraging best practices. By celebrating trustworthy businesses and recognizing market role models, the BBB encourages others to follow suit, thus contributing to an overall culture of integrity in commerce. Additionally, the BBB actively denounces substandard business behavior, setting a clear precedent for acceptable conduct.
Overall, the impact of the Better Business Bureau of the Mid-South extends beyond individual transactions; it contributes to building a community where consumers can safely navigate their choices and businesses can thrive on mutual trust.
This information is meant to be a general summary of Better Business Bureau Of The Mid-South 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: $39,625
- Program Service Revenue: $424,301
- Gross Receipts: $2,864,304
Assets and Liabilities:
- Total Assets: $3,538,758
- Total Liabilities: $63,568
- Net Assets: $3,475,190
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARKETING AND ADVERTIS
Revenue
$396,327
APPLICATION FEES
Revenue
$20,179
TELEVISION ANC VIDEO I
Revenue
$7,795
Organization Details
Founding Year
1948
Phone
(901) 759-1300Principal Officer
Randall L Hutchinson
Main Address
3693 TYNDALE DRIVE, MEMPHIS, TN, 38125
Website
www.bbb.orgNTEE Category
Code: W90 - Public benefit
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