Overview
What is Better Business Bureau?
The Better Business Bureau (BBB) is a nonprofit organization based in Austin, Texas, with a mission to lead marketplace trust. They accomplish this mission by setting standards for ethical business practices, engaging and educating both consumers and businesses, celebrating marketplace role models, calling out and addressing substandard behavior, and creating a community of trustworthy businesses. With a team of 161 employees, BBB offers educational content for entrepreneurs and business owners, covering essential topics such as tax strategies and cybersecurity. Their Small Business Help Center provides a range of resources, including guidance on establishing and maintaining trust. Interactions between businesses and consumers are facilitated, enabling businesses to access valuable information. The BBB Speakers Bureau, consisting of experts in ethical marketplace practices, community engagement, and scam prevention, offers invaluable insights and guidance to businesses aiming to establish a strong ethical foundation and positive impact within their communities.
Official website here: www.bbb.org
Is Better Business Bureau legitimate?
Better Business Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau 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: $1,523,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,554,054
For more financial information, click here
Official website here: www.bbb.org
What is the mission statement of Better Business Bureau?
The Better Business Bureau (BBB) is dedicated to leading the advancement of marketplace trust. To achieve this mission, the BBB sets standards for trustworthy business practices and engages with consumers and businesses to encourage and support adherence to these standards. The organization celebrates marketplace role models while calling out and addressing substandard behavior. Through community building, the BBB fosters a network of trustworthy businesses and charities, contributing to a reliable marketplace for all participants.
Official website here: www.bbb.org
Who is the CEO of Better Business Bureau?
Carrie A Hurt is the CEO of Better Business Bureau The CEO's salary of Better Business Bureau is $727,348 and their total compensation is $751,541.
Official website here: www.bbb.org
What is the revenue of Better Business Bureau?
Better Business Bureau's revenue in 2023 was $13,790,175.
Official website here: www.bbb.org
Who are the executives of Better Business Bureau and what are their salaries?
The average compensation at Better Business Bureau during 2023 was $31,937. There are 159 employees at Better Business Bureau.
Here are 41 key members and their salaries (Better Business Bureau's CEO's salary is $727,348 and their total compensation is $751,541):
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Official website here: www.bbb.org
Where can I find the form 990 for Better Business Bureau?
Better Business Bureau'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
The Better Business Bureau (BBB) is a leading organization dedicated to advancing marketplace trust. Through its mission, BBB strives to set standards for trustworthy business practices, encourage and support these practices among businesses and consumers, and celebrate marketplace role models. The BBB accomplishes this by setting ethical business standards, engaging with and educating both consumers and businesses, and recognizing and addressing substandard marketplace behavior. By fostering a community of trustworthy businesses, the Better Business Bureau plays a vital role in enhancing consumer confidence and ensuring fair and honest business dealings.
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Impact
October, 2024
The Better Business Bureau (BBB) plays a critical role in enhancing marketplace trust and fostering ethical business practices. By setting standards for trust, the BBB encourages businesses to adhere to best practices and promotes transparency in consumer relations.
BBB's educational initiatives, such as webinars addressing key business concerns like tax strategies and cybersecurity, are invaluable for entrepreneurs and business owners. These resources empower them to navigate challenges and sustain growth effectively. The Small Business Help Center offers comprehensive tools, including the BBB Trust Hub, which aids businesses in establishing and maintaining trust—a cornerstone of successful relationships with consumers.
By facilitating direct interactions between businesses and consumers, the BBB enhances communication, helping businesses to obtain valuable insights and feedback. Its Speakers Bureau serves as a knowledge resource, offering expertise on ethical marketplace practices and community engagement.
Through these efforts, the BBB not only supports businesses in their quest for integrity but also works to elevate overall industry standards, creating a more trustworthy marketplace for everyone involved.
This information is meant to be a general summary of Better Business Bureau. 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: $148,506
- Program Service Revenue: $13,402,426
- Gross Receipts: $13,835,980
Assets and Liabilities:
- Total Assets: $13,216,408
- Total Liabilities: $3,905,895
- Net Assets: $9,310,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$12,100,642
DIRECTORY PROGRAM
Revenue
$1,292,709
PROJECT REVENUE
Revenue
$9,075
Organization Details
Founding Year
1950
Principal Officer
Carrie A Hurt
Website
www.bbb.orgNTEE Category
Code: W90 - Public benefit
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