Overview
What is Better Business Bureau Inc?
Better Business Bureau Inc, specifically the BBB Serving Northeast & Central LA, is a nonprofit organization situated in Shreveport, Louisiana. Their primary mission is to foster a trustworthy marketplace by encouraging businesses to maintain honest advertising, ethical selling practices, and prompt complaint resolution. They serve as a platform for both accredited and non-accredited businesses, offering guidance and addressing concerns through personal inquiries or their website. In 20XX, they handled 2941 inquiries and processed 1221 complaints, resolving 963 within an average of 23 days. The organization, with a workforce of 9 individuals, is dedicated to protecting consumers from potential scams and promoting best business practices.
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: $62,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $408,715
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 serves as a platform to encourage businesses to uphold ethical standards in advertising and sales practices, and to resolve complaints promptly and fairly. This organization acts as a resource for consumers, educating them about good business practices and alerting them to potential scams. The staff at Better Business Bureau handles queries and complaints regarding both accredited and non-accredited businesses. In a year, they personally or through their website, address around 2941 inquiries, process 1221 complaints, and successfully resolve 963 of them within an average of 23 days. Their review of local business advertising helps protect the public from misleading information.
Official website here: www.bbb.org
What is the revenue of Better Business Bureau Inc?
Better Business Bureau Inc's revenue in 2023 was $782,427.
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 $52,302. There are 9 employees and 20 volunteers at Better Business Bureau Inc.
Here are 14 key members and their salaries:
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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
The Better Business Bureau Inc serves as a platform promoting an ethical marketplace. Its mission is to encourage businesses to uphold honest advertising and selling practices, and to resolve complaints in a fair and timely manner. By doing so, the Better Business Bureau Inc aims to establish trust between businesses and consumers, fostering an environment where honesty and fairness prevail. The organization also educates consumers about best business practices and alerts the public of potential scams that could pose a threat. The staff at the Better Business Bureau Inc handles inquiries and complaints related to both accredited and non-accredited businesses, striving to maintain transparency and accountability in the business world. During a year, the Bureau personally or through their website, responds to 2941 inquiries, processes 1221 complaints, and resolves 963 of them within an average of 23 days. Additionally, they review local business advertising for any misleading information to protect the public.
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Impact
October, 2024
Better Business Bureau Inc significantly impacts the marketplace by fostering ethical business practices and advocating for consumer protection. It serves as a platform for businesses, promoting honesty in advertising and fair treatment in resolving customer complaints. By actively educating consumers about best practices, the Bureau empowers them to make informed decisions and avoid potential scams.
In the past year, the organization addressed 2,941 inquiries and processed 1,221 complaints, resolving 963 of these cases within an average of just 23 days. This efficient handling of complaints not only helps individual consumers but also encourages businesses to maintain high standards of integrity in their operations. Additionally, by reviewing local advertising for misleading content, the Bureau plays a crucial role in maintaining transparency in the commercial sector, ultimately contributing to building consumer trust in the marketplace.
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: $9,310
- Program Service Revenue: $762,638
- Gross Receipts: $796,678
Assets and Liabilities:
- Total Assets: $787,185
- Total Liabilities: $32,154
- Net Assets: $755,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES INCOME
Revenue
$698,129
NON-DUES (PACKAGES)
Revenue
$64,404
BBB ONLINE REVENUE
Revenue
$105
Organization Details
Founding Year
1947
Principal Officer
Bob Davis
Website
www.bbb.orgNTEE Category
Code: W90 - Public benefit
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