Better Business Bureau Of Central & Northwest North Carolina
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $425.7k
- Employees
- 14
- Location
- Kernersville, NC
- Founding
- 12/1977
- Data as of
- 09/2023
- EIN
- 56-0746241
Organization Overview
Better Business Bureau Of Central & Northwest North Carolina is located in Kernersville, NC. The organization was established in 1977. 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 09/2023, Better Business Bureau Of Central & Northwest North Carolina employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Business Bureau Of Central & Northwest North Carolina 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 09/2023, Better Business Bureau Of Central & Northwest North Carolina generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 0.7% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROMOTE AND FOSTER THE HIGHEST ETHICAL RELATIONSHIP BETWEEN BUSINESSES AND THE PUBLIC THROUGH VOLUNTARY SELF-REGULATION, CONSUMER AND BUSINESS EDUCATION, AND SERVICE EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BBB PROMOTES A MARKETPLACE WHERE BUYERS AND SELLERS CAN TRUST EACH OTHER THROUGH BUSINESS REPORTING AND ACCREDITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Long Treasurer | OfficerTrustee | 1 | $0 |
Brett Edwards Director | Trustee | 1 | $0 |
Gloria Gatling Director | Trustee | 1 | $0 |
Don Hulke Director | Trustee | 1 | $0 |
Walter Stinson Past Chairman | OfficerTrustee | 1 | $0 |
Andy King Director | Trustee | 1 | $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 | $1,408,370 |
| Investment income | $17,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,631 |
| Net Gain/Loss on Asset Sales | -$9,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,436,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,210 |
| 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. | $145,425 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,570 |
| Pension plan accruals and contributions | $74,698 |
| Other employee benefits | $108,366 |
| Payroll taxes | $60,902 |
| Fees for services: Management | $5,045 |
| Fees for services: Legal | $8,880 |
| Fees for services: Accounting | $15,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,080 |
| Fees for services: Other | $10,780 |
| Advertising and promotion | $31,445 |
| Office expenses | $51,410 |
| Information technology | $28,079 |
| Royalties | $0 |
| Occupancy | $82,853 |
| Travel | $23,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $73,489 |
| Depreciation, depletion, and amortization | $37,519 |
| Insurance | $8,592 |
| All other expenses | $1,501 |
| Total functional expenses | $1,505,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,090 |
| Savings and temporary cash investments | $208,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,134 |
| 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 | $3,569 |
| Net Land, buildings, and equipment | $1,797,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $425,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,667,406 |
| Accounts payable and accrued expenses | $110,442 |
| Grants payable | $0 |
| Deferred revenue | $705,397 |
| 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 | $1,220,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,036,015 |
| Net assets without donor restrictions | $631,391 |
| 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 | $2,667,406 |