Better Business Bureau Of Central & Northwest North Carolina
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $386.3k
- Employees
- 13
- Location
- Kernersville, NC
- Founding
- 12/1977
- Data as of
- 09/2022
- 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 09/2022, Better Business Bureau Of Central & Northwest North Carolina employed 13 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 09/2022, Better Business Bureau Of Central & Northwest North Carolina generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.5m during the year ending 09/2022. While expenses have increased by 10.4% 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
2022
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 |
|---|---|---|---|
Kevin Hinterberger President & CEO | Officer | 40 | $148,995 |
Chuck Long Treasurer | OfficerTrustee | 1 | $0 |
Chris Comer Past Chairman | OfficerTrustee | 1 | $0 |
David Guise Secretary | OfficerTrustee | 1 | $0 |
Pat Messick Vice-Chairman | OfficerTrustee | 1 | $0 |
Walter Stinson Chairman | OfficerTrustee | 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 | $1,425,259 |
| Investment income | $20,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,081 |
| Net Gain/Loss on Asset Sales | $107,774 |
| Net Income from Fundraising Events | -$181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,588,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,176 |
| 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. | $138,611 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $663,133 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $76,655 |
| Other employee benefits | $105,184 |
| Payroll taxes | $58,204 |
| Fees for services: Management | $1,122 |
| Fees for services: Legal | $5,438 |
| Fees for services: Accounting | $16,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,643 |
| Fees for services: Other | $14,874 |
| Advertising and promotion | $20,467 |
| Office expenses | $58,109 |
| Information technology | $29,601 |
| Royalties | $0 |
| Occupancy | $83,279 |
| Travel | $12,988 |
| 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 | $74,580 |
| Depreciation, depletion, and amortization | $33,601 |
| Insurance | $8,040 |
| All other expenses | $586 |
| Total functional expenses | $1,509,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,849 |
| Savings and temporary cash investments | $46,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,531 |
| 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 | $3,117 |
| Net Land, buildings, and equipment | $1,821,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $386,274 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,791,523 |
| Accounts payable and accrued expenses | $103,958 |
| Grants payable | $0 |
| Deferred revenue | $746,033 |
| 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 | $1,287,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,137,193 |
| Net assets without donor restrictions | $654,330 |
| 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 | $2,791,523 |
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