Better Business Bureau Inc
- Assets
- $2.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Louisville, KY
- Founding
- 03/1948
- Data as of
- 12/2021
- EIN
- 61-0417092
Organization Overview
Better Business Bureau Inc is located in Louisville, KY. The organization was established in 1948. 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 12/2021, Better Business Bureau Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Better Business Bureau Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. 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
THE BETTER BUSINESS BUREAU, INC. WAS ESTABLISHED TO PROMOTE INTEGRITY AND CREATE CONFIDENCE IN ADVERTISING, SELLING AND OTHER PHASES OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reanna Smith-Hamblin President/ceo | Officer | 40 | $150,673 |
Dave Vogel Chair | Officer | 1 | $0 |
Mark Turner Treasurer | Officer | 1 | $0 |
Kathy Knotts Secretary | Officer | 1 | $0 |
Cindy Effinger Director | Trustee | 1 | $0 |
Krysteen Cissell 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 | $2,026,243 |
| Investment income | $50,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,354,713 |
| 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. | $150,673 |
| Compensation of current officers, directors, key employees. | $37,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $832,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,021 |
| Payroll taxes | $85,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $111,182 |
| Office expenses | $12,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,000 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $1,761 |
| Insurance | $9,992 |
| All other expenses | $154,914 |
| Total functional expenses | $1,915,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,273,083 |
| Savings and temporary cash investments | $374,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $16,868 |
| Net Land, buildings, and equipment | $339,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,713 |
| Total assets | $2,008,041 |
| Accounts payable and accrued expenses | $16,270 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $16,270 |
| Net assets without donor restrictions | $1,991,771 |
| 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 | $2,008,041 |
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