Overview
What is Better Business Bureau Inc?
Better Business Bureau Inc, specifically the BBB of Central Alabama, is a nonprofit organization situated in Birmingham, Alabama. Their primary mission is to foster trust in businesses by encouraging self-regulation and offering consumer education. With a team of 36 dedicated individuals, they aim to promote business integrity and empower consumers with knowledge, thereby enhancing confidence in the marketplace.
Official website here: www.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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,214,302
For more financial information, click here
Official website here: www.bbb.org
What is the mission statement of Better Business Bureau Inc?
The Better Business Bureau Inc's mission is centered around promoting public trust in businesses. They achieve this primary objective through a two-pronged strategy: self-regulation and consumer education. The organization encourages businesses to uphold ethical standards and transparency, thereby fostering confidence among consumers. Additionally, they prioritize educating consumers about making informed decisions in their interactions with businesses, ultimately contributing to a more trustworthy marketplace.
Official website here: www.bbb.org
Who is the CEO of Better Business Bureau Inc?
Carl Bates is the CEO of Better Business Bureau Inc The CEO's salary of Better Business Bureau Inc is $136,581 and their total compensation is $154,804.
Official website here: www.bbb.org
What is the revenue of Better Business Bureau Inc?
Better Business Bureau Inc's revenue in 2023 was $2,025,755.
Official website here: www.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 2023 was $31,136. There are 39 employees at Better Business Bureau Inc.
Here are 29 key members and their salaries (Better Business Bureau Inc's CEO's salary is $136,581 and their total compensation is $154,804):
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- Compensation: $136,581
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- Compensation: $69,036
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- Other: $258
Official website here: www.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 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 Inc
Better Business Bureau Inc, as a nonprofit organization, is committed to fostering public trust in businesses. It achieves this objective through a two-pronged strategy: self-regulation and consumer education. The organization's primary purpose is to promote confidence in the business sector by encouraging businesses to adhere to ethical standards and engage in responsible practices. Simultaneously, Better Business Bureau Inc strives to educate consumers, empowering them with the necessary knowledge to make informed decisions when interacting with businesses. This approach aims to create a harmonious relationship between businesses and their customers, ultimately benefiting both parties.
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Impact
October, 2024
Better Business Bureau Inc significantly influences the business landscape by fostering public confidence through self-regulation and consumer education. By promoting transparent business practices, the organization empowers consumers to make informed decisions, ultimately encouraging ethical behavior among businesses.
Through initiatives focused on consumer education, the BBB provides resources and information that help individuals navigate the marketplace, identify trustworthy companies, and understand their rights. This contributes to a more informed consumer base that can hold businesses accountable, enhancing overall market integrity.
Additionally, the BBB's standards for accreditation and its complaint resolution processes encourage businesses to adhere to higher ethical standards. By emphasizing the importance of consumer trust and public accountability, the organization plays a crucial role in shaping a marketplace where businesses prioritize customer satisfaction and responsible practices. This not only benefits consumers but also fosters an environment where reputable businesses can thrive. Overall, the Better Business Bureau Inc's initiatives promote a culture of honesty and transparency in commerce, nurturing a more trustworthy and reliable business ecosystem.
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 2023.
- Investment Income: $32,922
- Program Service Revenue: $1,992,360
- Gross Receipts: $2,025,755
Assets and Liabilities:
- Total Assets: $1,000,552
- Total Liabilities: $156,849
- Net Assets: $843,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,803,351
ADVERTISING
Revenue
$187,984
ARBITRATION
Revenue
$1,025
Organization Details
Founding Year
1955
Principal Officer
Carl Bates
Website
www.bbb.orgNTEE Category
Code: W90 - Public benefit
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