Overview
What is Better Business Bureau Inc?
Better Business Bureau Inc, based in Chattanooga, Tennessee, serves as a nonprofit organization dedicated to fostering trust, honesty, and accuracy in business practices. With approximately 1,675 member businesses located in Southeast Tennessee and Northwest Georgia, the Better Business Bureau aims to boost public confidence in local businesses. They achieve this goal by promoting truthfulness in advertising and selling practices, as well as educating both businesses and the public about their respective responsibilities and rights. The organization, staffed by 11 employees, plays a vital role in upholding ethical standards within the business community, ultimately contributing to a more trustworthy marketplace.
Official website here: www.chattanooga.bbb.org
Is Better Business Bureau Inc legitimate?
Better Business Bureau Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau 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: $112,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,611
For more financial information, click here
Official website here: www.chattanooga.bbb.org
What is the mission statement of Better Business Bureau Inc?
The Better Business Bureau Inc's mission is primarily focused on serving both businesses and the public. In regards to businesses, they strive to boost public confidence by advocating for truth, honesty, and accuracy in advertising and selling practices. Towards the public, their mission extends to education, enlightening them about their responsibilities and rights. By doing so, they aim to foster a trustworthy business environment.
Official website here: www.chattanooga.bbb.org
Who is the CEO of Better Business Bureau Inc?
Tom Verrill is the Chairman of Better Business Bureau Inc. The CEO's salary of Better Business Bureau Inc is $110,000 and their total compensation is $112,521.
Official website here: www.chattanooga.bbb.org
What is the revenue of Better Business Bureau Inc?
Better Business Bureau Inc's revenue in 2022 was $826,091.
Official website here: www.chattanooga.bbb.org
Who are the executives of Better Business Bureau Inc and what are their salaries?
The average compensation at Better Business Bureau Inc during 2022 was $29,376. There are 11 employees at Better Business Bureau Inc.
Here are 25 key members and their salaries (Better Business Bureau Inc's CEO's salary is $110,000 and their total compensation is $112,521):
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Official website here: www.chattanooga.bbb.org
Where can I find the form 990 for Better Business Bureau Inc?
Better Business Bureau Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chattanooga.bbb.org
Learn more at the official website: www.chattanooga.bbb.org
Mission Statement of Better Business Bureau Inc
The Better Business Bureau Inc, as a nonprofit organization, is committed to serving both businesses and the public. Its primary mission is to boost public confidence in businesses by advocating for truth, honesty, and accuracy in advertising and selling practices. The organization also aims to educate the public about their responsibilities and rights, thereby fostering a trustworthy business environment. By promoting these principles, the Better Business Bureau Inc strives to enhance the credibility of businesses, thereby benefiting both consumers and businesses alike. With approximately 1,675 businesses as members, the Better Business Bureau Inc plays a vital role in regulating and promoting ethical business practices.
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Impact
October, 2024
The Better Business Bureau Inc (BBB) plays a significant role in enhancing consumer trust and promoting ethical business practices. By fostering an environment of truth, honesty, and accuracy in advertising and selling, the BBB helps businesses build credibility and establish rapport with the public.
With a membership base of approximately 1,675 businesses in the Southeast Tennessee and Northwest Georgia regions, the BBB actively encourages adherence to ethical standards. This commitment not only aids businesses in developing solid reputations but also empowers consumers with knowledge about their rights and responsibilities.
Through educational initiatives and resources, the BBB equips the public with the tools necessary to make informed decisions in the marketplace. This dual focus on serving both businesses and consumers fosters a healthier economic landscape, where transparency and integrity are prioritized. Overall, the BBB's impact is profound, creating a culture of trust and accountability within the local business community.
This information is meant to be a general summary of Better Business Bureau 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: $7,022
- Program Service Revenue: $769,801
- Gross Receipts: $875,043
Assets and Liabilities:
- Total Assets: $1,326,162
- Total Liabilities: $938
- Net Assets: $1,325,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$671,193
PROGRAM INCOME
Revenue
$98,608
Organization Details
Founding Year
1959
Phone
(423) 475-6885Principal Officer
Tom Verrill
Main Address
508 N MARKET STREET, CHATTANOOGA, TN, 37405
Website
www.chattanooga.bbb.orgNTEE Category
Code: W90 - Public benefit
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