New Better Business Bureau Inc is located in Omaha, NE. The organization was established in 2009. 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 12/2021, New Better Business Bureau Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New 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, New Better Business Bureau Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 2.6% 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
TO BE THE LEADER IN ADVANCING MARKETPLACE TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. PROMOTES ETHICAL BUSINESS PRACTICES IN THE COMMUITY 2. REVIEWS ADVERTISEMENTS 3. PROCESSES COMPLAINTS AGAINST BUSINESSES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jim Hegarty President/ceo | Officer | 40 | $322,494 |
Randy Stevenson Past Chair | OfficerTrustee | 1 | $0 |
Mike Sweeney Director | OfficerTrustee | 1 | $0 |
Jason Otto Chair | OfficerTrustee | 1 | $0 |
Elizabeth Barton Vice Chair | OfficerTrustee | 1 | $0 |
Ron Plageman Director | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $4,300,413 |
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 | $4,300,413 |
Total Program Service Revenue | $474,027 |
Investment income | $193,769 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $136,643 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,104,852 |
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. | $326,767 |
Compensation of current officers, directors, key employees. | $326,767 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,489,455 |
Pension plan accruals and contributions | $135,300 |
Other employee benefits | $0 |
Payroll taxes | $203,061 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $85,358 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $13,210 |
Advertising and promotion | $37,980 |
Office expenses | $760,273 |
Information technology | $146,591 |
Royalties | $0 |
Occupancy | $166,525 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $43,261 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $54,423 |
Insurance | $287,836 |
All other expenses | $85,315 |
Total functional expenses | $5,074,612 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $563,994 |
Savings and temporary cash investments | $77,927 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $633 |
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 | $282,410 |
Net Land, buildings, and equipment | $142,323 |
Investments—publicly traded securities | $6,924,371 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $892,064 |
Total assets | $8,883,722 |
Accounts payable and accrued expenses | $705,696 |
Grants payable | $0 |
Deferred revenue | $1,305,631 |
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 | $0 |
Total liabilities | $2,011,327 |
Net assets without donor restrictions | $6,872,395 |
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 | $8,883,722 |
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Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
National Association Of Electrical Distributors St Louis, MO | $12,015,051 | $10,580,917 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Renewable Fuels Association Ellisville, MO | $2,944,429 | $6,762,820 |
Wholesale And Specialty Insurance Association Kansas City, MO | $18,822,965 | $8,866,065 |