New Better Business Bureau Inc
- Assets
- $8.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 60
- Location
- Omaha, NE
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 47-0258465
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Hegarty President/ceo | Officer | 40 | $322,494 |
Mike Sweeney Director | OfficerTrustee | 1 | $0 |
Randy Stevenson Past Chair | OfficerTrustee | 1 | $0 |
Jason Otto Chair | OfficerTrustee | 1 | $0 |
Elizabeth Barton Vice Chair | OfficerTrustee | 1 | $0 |
Ron Plageman Director | OfficerTrustee | 1 | $0 |
Financial Statements
| 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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