Better Business Bureau Institute For Marketplace Ethics

Organization Overview

Better Business Bureau Institute For Marketplace Ethics is located in Burnsville, MN. The organization was established in 1977. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Business Bureau Institute For Marketplace Ethics is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2024, Better Business Bureau Institute For Marketplace Ethics generated $175.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $110.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2024

Describe the Organization's Program Activity:

Part 3

TO SERVE OUR MISSION, WE DELIGHT IN CELEBRATING MARKETPLACE ROLE MODELS. EACH YEAR, WE RECOGNIZE DESERVING COMPANIES WHO DISPLAY AN OUTSTANDING LEVEL OF ETHICS AND INTEGRITY IN ALL ASPECTS OF THEIR OPERATIONS THOUGH BBB'S TORCH AWARDS FOR ETHICS COMPETITION. WE ALSO EXECUTE A STUDENT OF INTEGRITY ANNUAL SCHOLARSHIP PROGRAM FOR HIGH SCHOOL SENIORS. RECOGNIZING THAT OUR MARKETPLACE HAS BOTH POSITIVE AND NEGATIVE INFLUENCES, WE FOCUS ATTENTION IN FRAUD PREVENTION EDUCATION. WE PROVIDE NUMEROUS IN PERSON AND VIRTUAL EDUCATION OPPORTUNITIES TO VARIOUS AT-RISK CONSUMER POPULATIONS INCLUDING SENIOR CITIZENS AND COLLEGE STUDENTS. OUR FRAUD PREVENTION INITIATIVES INCLUDE MANAGING CAMF (COALITION AGAINST MARKETPLACE FRAUD) WHICH IS A LONG-STANDING PARTNERSHIP WITH LAW ENFORCEMENT REPRESENTATIVES ACROSS BOTH MINNESOTA AND NORTH DAKOTA. IN ADDITION, WE MAINTAIN AN ONLINE EDUCATIONAL PORTAL, BBB LEARNING LAB. WE ALSO PRODUCE AND DISTRIBUTE MULTI-LINGUAL SCAM PREVENTION PAMPHLETS AND VIDEOS. FINALLY, WE MAXIMIZE OUR REACH THROUGH STRATEGIC PARTNERSHIPS TO INCREASE IMPACT AND ENSURE STEWARDSHIP OF OUR RESOURCES. THIS YEAR, WE COLLABORATED WITH THE SMALL BUSINESS ADMINISTRATION, THE MN SECRETARY OF STATE, MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE, AARP, FEDERAL TRADE COMMISSION AND MANY OTHER PUBLIC AND PRIVATE ENTITIES TO PROMOTE ETHICS AND SCAM PREVENTION MESSAGES.


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Board, Officers & Key Employees

Name (title)Compensation
Barry Kirchoff
Board Chair
$0
John Grant
Board Member
$0
Kristen Stamman
Board Member
$0
Mark Hanson
Board Member
$0
Susan Adams Loyd
Board Member And President
$0
Randy Park
Secretary
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$135,183
Total Program Service Revenue$16,409
Membership dues$0
Investment income $5,453
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$18,868
Total Revenue$175,913

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