Better Business Bureau Inc
- Assets
- $5.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Marlborough, MA
- Founding
- 05/1942
- Data as of
- 06/2022
- EIN
- 04-1102640
Organization Overview
Better Business Bureau Inc is located in Marlborough, MA. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Better Business Bureau Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Business Bureau Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Better Business Bureau Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FOSTER THE HIGHEST ETHICAL RELATIONSHIP BETWEEN BUSINESSES AND THE PUBLIC THROUGH VOLUNTARY SELF-REGULATION, CONSUMER AND BUSINESS EDUCATION SERVICE EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES THEIR COMMUNITIES AS FOLLOWS: PROVIDE REPORTS ON BUSINESS FIRMS THAT ARE HELPFUL TO CONSUMERS. THE BETTER BUSINESS BUREAU SYSTEM RESPONDS TO MILLIONS OF SUCH INQUIRIES A YEAR, AS WELL AS PROVIDING INFORMATION ABOUT CHARITY GROUPS AND ORGANIZATIONS. THE BUREAU PROVIDES A THIRD PARTY ARBITRATION PROGRAM TO RESOLVE CONSUMER/BUSINESS DISPUTES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J Sanders President & CEO | OfficerTrustee | 40 | $466,961 |
Paula Fleming Chief Marking & Sales Officer | Officer | 40 | $194,223 |
Lisa Ventura CFO | Officer | 40 | $194,001 |
Vincent J Spoto Director | Trustee | 0 | $0 |
Sean Cutting Director | Trustee | 0 | $0 |
Alan Schlosberg Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $546,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,284 |
| Total Program Service Revenue | $5,445,345 |
| Investment income | $16,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,008,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,016,853 |
| Compensation of current officers, directors, key employees. | $1,016,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,439,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $537,554 |
| Payroll taxes | $162,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,813 |
| Fees for services: Accounting | $17,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,485,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $214,854 |
| Travel | $8,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,367 |
| Insurance | $0 |
| All other expenses | $205,603 |
| Total functional expenses | $5,789,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,678,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,460,659 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $131,259 |
| Net Land, buildings, and equipment | $96,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,916 |
| Total assets | $5,408,175 |
| Accounts payable and accrued expenses | $195,054 |
| Grants payable | $0 |
| Deferred revenue | $23,996 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,318 |
| Total liabilities | $237,368 |
| Net assets without donor restrictions | $5,170,807 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,408,175 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Better Business Bureau Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Mazar Charitable Foundation Fund Boston, MA PURPOSE: GENERAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |