Overview
What is Better Business Bureau Of North Central Texas Inc?
Better Business Bureau of North Central Texas Inc, based in Dallas, Texas, is a prominent nonprofit organization that focuses on promoting trust in the marketplace. Established in 1912, it carries out an advertising review program, which involves evaluating advertising claims in the North Central Texas region to ensure they adhere to the BBB code of advertising. This initiative aims to enhance the credibility of advertising and provide a fair playing field for all advertisers. The BBB contacts businesses with questionable claims, requesting either substantiation or modification. Both members and non-members are encouraged to comply with the code, and non-compliance can negatively impact ratings. The organization's mission is to lead in advancing marketplace trust by fostering a community of trustworthy businesses, setting marketplace trust standards, and promoting best practices, with a current workforce of 62 employees.
Official website here: www.bbb.org/north-central-texas
Is Better Business Bureau Of North Central Texas Inc legitimate?
Better Business Bureau Of North Central Texas Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Better Business Bureau Of North Central Texas 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: $375,514
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,123,271
For more financial information, click here
Official website here: www.bbb.org/north-central-texas
What is the mission statement of Better Business Bureau Of North Central Texas Inc?
The Better Business Bureau of North Central Texas Inc's mission is geared towards advancing marketplace trust. They aim to achieve this by leading the creation of a community of reliable businesses, establishing standards for marketplace trust, and encouraging the implementation of best practices. Their activities include conducting a systematic review of advertising in their region to ensure compliance with their code of advertising, promoting trust in advertising, and maintaining a fair playing field for all advertisers. They engage with advertisers about questionable claims, seeking substantiation or modification of the claims in question. Non-compliant businesses face negative consequences in their BBB reports and ratings.
Official website here: www.bbb.org/north-central-texas
Who is the CEO of Better Business Bureau Of North Central Texas Inc?
Jay Newman is the President & Ceo of Better Business Bureau Of North Central Texas Inc. The CEO's salary of Better Business Bureau Of North Central Texas Inc is $321,301 and their total compensation is $375,514.
Official website here: www.bbb.org/north-central-texas
What is the revenue of Better Business Bureau Of North Central Texas Inc?
Better Business Bureau Of North Central Texas Inc's revenue in 2022 was $6,604,715.
Official website here: www.bbb.org/north-central-texas
Who are the executives of Better Business Bureau Of North Central Texas Inc and what are their salaries?
The average compensation at Better Business Bureau Of North Central Texas Inc during 2022 was $56,432. There are 62 employees at Better Business Bureau Of North Central Texas Inc.
Here are 25 key members and their salaries (Better Business Bureau Of North Central Texas Inc's CEO's salary is $321,301 and their total compensation is $375,514):
- Compensation: $321,301
- Related: $0
- Other: $54,213
- Compensation: $202,539
- Related: $0
- Other: $25,055
- Compensation: $201,166
- Related: $0
- Other: $22,861
- Compensation: $186,022
- Related: $0
- Other: $23,044
- Compensation: $149,476
- Related: $0
- Other: $20,616
- Compensation: $143,585
- Related: $0
- Other: $20,948
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Official website here: www.bbb.org/north-central-texas
Where can I find the form 990 for Better Business Bureau Of North Central Texas Inc?
Better Business Bureau Of North Central Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbb.org/north-central-texas
Learn more at the official website: www.bbb.org/north-central-texas
Mission Statement of Better Business Bureau Of North Central Texas Inc
Better Business Bureau of North Central Texas Inc is dedicated to leading advancements in marketplace trust. Their mission is threefold: firstly, they aim to establish a community of trustworthy businesses. Secondly, they set standards for marketplace trust, ensuring a level playing field for all businesses. Lastly, they encourage the adoption of best practices. By carrying out these objectives, Better Business Bureau of North Central Texas Inc works towards fostering trust in the marketplace, increasing the credibility of advertising, and promoting fairness among advertisers. They achieve this by conducting systematic reviews of advertising, contacting advertisers about questionable claims, and enforcing compliance with their code of advertising. Non-compliant businesses face negative consequences in their BBB reports and ratings.
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Impact
October, 2024
The Better Business Bureau of North Central Texas Inc significantly enhances marketplace trust in the region by fostering a community of reliable businesses and promoting ethical standards. By systematically reviewing advertisements, it ensures compliance with established advertising codes, thereby enhancing the credibility of marketing practices. This initiative not only protects consumers from misleading claims but also levels the playing field for advertisers, ensuring that all businesses adhere to best practices.
In 2022, the organization conducted 119 advertising review investigations, addressing questionable claims and working with advertisers to seek substantiation or modification. This proactive approach helps maintain high standards of trust and integrity in the marketplace. By holding businesses accountable and encouraging compliance, the BBB cultivates consumer confidence, which is essential for a thriving economic environment. In essence, its efforts drive positive practices, fortify consumer protection, and ultimately contribute to a more trustworthy marketplace in North Central Texas.
This information is meant to be a general summary of Better Business Bureau Of North Central Texas 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: $9,097
- Program Service Revenue: $732,304
- Gross Receipts: $6,614,338
Assets and Liabilities:
- Total Assets: $4,167,070
- Total Liabilities: $0
- Net Assets: $4,167,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADR/ARBITRATION
Revenue
$2,810
APPLICATION FEES
Revenue
$89,675
MEMBER PAGES
Revenue
$519,989
PLAQUE FEES
Revenue
$119,830
Organization Details
Founding Year
1920
Phone
(214) 220-2000Principal Officer
Jay Newman
Main Address
1601 ELM STREET 1600, DALLAS, TX, 75201
NTEE Category
Code: W90 - Public benefit
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