Cleveland Area Better Business Bureau

Organization Overview

Cleveland Area Better Business Bureau is located in Broadview Heights, OH. The organization was established in 1925. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cleveland Area Better Business Bureau employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Area Better Business Bureau 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, Cleveland Area Better Business Bureau generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 1.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AS A LEADER IN ADVANCING MARKETPLACE BBB PROMOTES INFORMED BUYING & GIVING DECISIONS, TRUTHFUL ADVERTISING AND SELLING PRACTICES, & THE RESOLUTION OF MARKETPLACE DISPUTES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECEIVED NUMEROUS PHONE CALLS REQUESTING BBB COMPANY/CHARITY REPORTS, CONSUMER COUNSELING, BUYING TIPS, COMPLAINT ASSISTANCE AND/OR BUSINESS ASSISTANCE/SERVICES, IN ADDITION TO THE NUMEROUS VISITORS TO THE BBB WEBSITE. ISSUED REPORTS ON COMPANIES AND CHARITIES. ACCEPTED AND FORMALLY PROCESSED AND FACILITATED ATTEMPTED RESOLUTION OF MANY CONSUMER DISPUTES WITH BUSINESSES, HOSTING MEDIATION OR ARBITRATION SESSIONS. CORRESPONDED WITH BUSINESSES SEEKING SUBSTANTIATION OR MODIFICATION OF ADVERTISEMENTS. EDUCATED CONSUMERS THROUGH MEDIA DISSEMINATIONS THAT RESULTED IN MEDIA EXPOSURES.


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Board, Officers & Key Employees

Name (title)Compensation
Sue Mcconnell
President
$128,446
Richard Lowe
Director
$0
Sherril Paul-Witt
Director
$0
Janice Matteucci
Vice Chair
$0
Wayne Lawrence
Vice Chair
$0
Art Shibley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$1,870,097
Investment income $71,014
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,513
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,009,065

Endowment Analysis

Beg. Balance$2,576,906
Earnings$447,911
Net Contributions$281,624
Ending Balance$3,306,441

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