Better Business Bureau Inc
- Assets
- $5.7m
- Revenue
- $4.4m
- Investments
- $1.0m
- Employees
- 41
- Location
- Amherst, NY
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 16-0365335
Organization Overview
Better Business Bureau Inc is located in Amherst, NY. The organization was established in 1942. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Better Business Bureau Inc employed 41 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 12/2021, Better Business Bureau Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 6.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BETTER BUSINESS BUREAU'S VISION IS TO BE THE LEADER IN ADVANCING MARKETPLACE TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER COMPLAINT MEDIATION/ARBITRATION SERVICES AND SETTLEMENT OF CONSUMER/BUSINESS DISPUTES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Clark President & CEO | OfficerTrustee | 35 | $229,716 |
Dawn Carlson Vice President | OfficerTrustee | 40 | $146,249 |
Kate Donovan Chief Financial Officer | Officer | 40 | $130,882 |
Thomas Schratz Secretary | OfficerTrustee | 2 | $0 |
Jill Johnson Treasurer | OfficerTrustee | 2 | $0 |
Lynn Oswald Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $476,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,514 |
| Total Program Service Revenue | $3,741,219 |
| Investment income | $20,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,388,157 |
| 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. | $506,847 |
| Compensation of current officers, directors, key employees. | $305,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,884,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $315,002 |
| Payroll taxes | $174,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,002 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,526 |
| Fees for services: Other | $34,414 |
| Advertising and promotion | $114,438 |
| Office expenses | $274,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,943 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,869,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,392 |
| Savings and temporary cash investments | $737,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,462,587 |
| 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 | $58,377 |
| Net Land, buildings, and equipment | $1,053,307 |
| Investments—publicly traded securities | $1,314,556 |
| Investments—other securities | $1,037,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,500 |
| Total assets | $5,688,613 |
| Accounts payable and accrued expenses | $227,840 |
| Grants payable | $0 |
| Deferred revenue | $833,401 |
| 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 | $110,500 |
| Total liabilities | $1,171,741 |
| Net assets without donor restrictions | $4,516,872 |
| 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 | $5,688,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |