Bbb Serving The Heart Of Texas

Organization Overview

Bbb Serving The Heart Of Texas is located in Austin, TX. The organization was established in 1952. 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 12/2022, Bbb Serving The Heart Of Texas employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbb Serving The Heart Of Texas 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 12/2022, Bbb Serving The Heart Of Texas generated $13.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $13.0m during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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.

Since 2020, Bbb Serving The Heart Of Texas has awarded 1,249 individual grants totaling $30,569,728. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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

BBB OFFERS CURATED ENTREPRENEURIAL AND BUSINESS EDUCATION CONTENT, BOTH ON A GLOBAL AND LOCAL SCALE, TO SPECIFICALLY AID ENTREPRENEURS AND BUSINESS OWNERS IN INITIATING, GROWING, OR SUSTAINING THEIR VENTURES. OUR EDUCATIONAL WEBINARS COVER CRITICAL BUSINESS TOPICS SUCH AS TAX STRATEGIES FOR OPTIMIZED FINANCIAL MANAGEMENT AND CYBERSECURITY TO PROTECT YOUR BUSINESS AND CLIENT DATA. THROUGH THE SMALL BUSINESS HELP CENTER, WE PROVIDE AN ARRAY OF ESSENTIAL RESOURCES. FOR INSTANCE, THE BBB TRUST HUB GUIDES BUSINESSES IN ESTABLISHING AND MAINTAINING TRUST, A VITAL ASPECT OF SUCCESSFUL BUSINESS RELATIONSHIPS. WE FACILITATE INTERACTION BETWEEN BUSINESSES AND CONSUMERS, ALLOWING BUSINESSES TO OBTAIN QUOTES, ESTIMATES, AND VALUABLE INFORMATION. OUR SPEAKERS BUREAU, COMPOSED OF PROFESSIONALS WITH EXPERTISE IN ETHICAL MARKETPLACE PRACTICES, COMMUNITY ENGAGEMENT, AND SCAM PREVENTION, OFFERS INVALUABLE INSIGHTS AND GUIDANCE FOR BUSINESSES LOOKING TO ESTABLISH A STRONG ETHICAL FOUNDATION AND A POSITIVE IMPACT WITHIN THEIR COMMUNITIES.


FINANCIAL OVERVIEW: IN FISCAL YEAR 2022, BBB DEMONSTRATED FISCAL RESPONSIBILITY AND EFFICIENCY IN THE ALLOCATION OF RESOURCES. OUR FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM TO ENSURE TRANSPARENCY AND COMPLIANCE WITH REGULATORY REQUIREMENTS. WE HAVE CONTINUED TO MAINTAIN A STRONG FINANCIAL POSITION, ENABLING US TO DELIVER ON OUR MISSION OF PROMOTING ETHICAL BUSINESS PRACTICES AND CONSUMER TRUST. BOARD GOVERNANCE: BBB IS GOVERNED BY A DEDICATED AND DIVERSE BOARD OF DIRECTORS, REPRESENTING A WIDE RANGE OF INDUSTRIES AND EXPERTISE. THE BOARD MEETS REGULARLY TO PROVIDE STRATEGIC GUIDANCE AND OVERSIGHT, ENSURING THE ORGANIZATION'S MISSION AND VALUES ARE UPHELD. OUR BOARD MEMBERS ARE COMMITTED TO TRANSPARENCY, ACCOUNTABILITY, AND ETHICAL LEADERSHIP, REFLECTING OUR COMMITMENT TO BEST PRACTICES IN GOVERNANCE.EXECUTIVE LEADERSHIP: BBB IS LED BY A TEAM OF EXPERIENCED AND DEDICATED EXECUTIVES WHO BRING A WEALTH OF KNOWLEDGE AND EXPERTISE IN AREAS SUCH AS NONPROFIT MANAGEMENT, BUSINESS ETHICS, AND COMMUNITY ENGAGEMENT. OUR LEADERSHIP IS COMMITTED TO ADVANCING THE ORGANIZATION'S MISSION AND ENSURING THE EFFECTIVE DELIVERY OF OUR PROGRAMS AND SERVICES. PROGRAM IMPACT: BBB'S PROGRAMS AND SERVICES HAVE HAD A SIGNIFICANT IMPACT ON ENTREPRENEURS, SMALL BUSINESSES, AND CONSUMERS WITHIN OUR COMMUNITY AND BEYOND. IN THE PAST YEAR, WE HAVE: CONDUCTED WEBINARS AND WORKSHOPS, REACHING HUNDREDS OF ENTREPRENEURS AND BUSINESS OWNERS, PROVIDING THEM WITH VALUABLE KNOWLEDGE AND TOOLS TO SUCCEED IN THE BUSINESS WORLD. RESOLVED CONSUMER-BUSINESS DISPUTES THROUGH OUR RESOLUTION SERVICES, PROMOTING FAIRNESS AND ETHICAL CONDUCT IN THE MARKETPLACE. COLLABORATED WITH LOCAL AND REGIONAL PARTNERS TO ENHANCE ECONOMIC DEVELOPMENT AND SUPPORT SMALL BUSINESSES FACING FINANCIAL HARDSHIPS. PARTICIPATED IN CONSUMER ENGAGEMENT EVENTS, INCLUDING SHRED DAYS AND TORCH AWARDS, PROMOTING CONSUMER PRIVACY, ETHICAL BUSINESS PRACTICES, AND COMMUNITY RECOGNITION. FUTURE INITIATIVES: BBB REMAINS COMMITTED TO ITS MISSION OF PROMOTING TRUST AND ETHICS IN THE MARKETPLACE. IN THE COMING YEAR, WE PLAN TO: EXPAND OUR EDUCATIONAL OFFERINGS TO COVER EMERGING BUSINESS TRENDS AND CHALLENGES, ENSURING ENTREPRENEURS HAVE ACCESS TO THE MOST RELEVANT INFORMATION. STRENGTHEN OUR PARTNERSHIPS WITH LOCAL, REGIONAL, AND INTERNATIONAL ORGANIZATIONS TO FURTHER ENHANCE ECONOMIC DEVELOPMENT AND SUPPORT FOR SMALL BUSINESSES. CONTINUE OUR COLLABORATION WITH LAW ENFORCEMENT AGENCIES AND FINANCIAL INSTITUTIONS TO COMBAT EMERGING SCAMS AND FRAUDULENT ACTIVITIES. EXPLORE INNOVATIVE WAYS TO ENGAGE WITH CONSUMERS AND BUSINESSES, LEVERAGING TECHNOLOGY AND ONLINE PLATFORMS TO INCREASE TRANSPARENCY AND AWARENESS.


BBB OFFERS CONSUMERS RELIABLE AND UNBIASED BUSINESS INFORMATION THROUGH BBB SEARCH WHERE CONSUMERS CAN DISCOVER ETHICAL PARTNERS AND SERVICE PROVIDERS WITH A STRONG COMMUNITY ENGAGEMENT HISTORY. CONSUMERS REACH OUT TO BBB ACCREDITED BUSINESSES FOR QUOTES AND ESTIMATES. IF ISSUES ARISE BETWEEN BBB ACCREDITED BUSINESSES AND CONSUMERS, OUR RESOLUTION SERVICES AIM TO FOSTER ETHICAL CONDUCT AND RESOLVE CONFLICTS, PROMOTING A FAIR ENVIRONMENT. CONSUMERS REPORT SCAMS AND LEAVE REVIEWS TO EMPHASIZE TRANSPARENCY AND ETHICS, SUPPORTING OUR MISSION FOR INTEGRITY. CONSUMERS STAY INFORMED THROUGH OUR NEWSLETTER ON LOCAL SCAM ALERTS, BUSINESS INVESTIGATIONS, AND NETWORKING OPPORTUNITIES. CONSUMERS ENGAGE WITH US AT EVENTS LIKE SHRED DAYS (CONSUMER PRIVACY PROTECTION) AND TORCH AWARDS, FOCUSING ON IDENTITY PROTECTION AND RECOGNIZING ETHICAL BUSINESSES.


BBB CONTINUES TO EXPAND OUR LOCAL, REGIONAL, AND INTERNATIONAL PARTNERSHIPS. THIS INCLUDES ECONOMIC DEVELOPMENT, HIGHER EDUCATION, INCUBATORS, AND INDUSTRY REGULATORS (I.E., LICENSING, WORKFORCE, DEPARTMENT OF LABOR, ETC.) WE PARTNER WITH THE CONSUMER FRAUD TASK FORCE WITHIN THE TEXAS ATTORNEY GENERAL OFFICE, THE BRAZOS VALLEY FRAUD TASK FORCE, AND VARIOUS LAW ENFORCEMENT AND FINANCIAL INSTITUTIONS TO COMBAT CRIMES AND TRENDS OCCURRING IN SOUTHERN AND EASTERN REGIONS OF TEXAS. FROM 2020-2022 WE PARTNERED WITH THE CITY OF AUSTIN ECONOMIC DEVELOPMENT DEPARTMENT TO SERVE AS GRANT ADMINISTRATOR FOR THE AUSTIN CREATIVE WORKER RELIEF GRANT AND THE AUSTIN SMALL BUSINESS RELIEF FUND GRANT WHICH SUPPORTED ENTREPRENEURS, MICRO AND SMALL BUSINESSES FACING FINANCIAL HARDSHIPS DUE TO THE ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Jones
Chair
$0
John Carlson
Immediate Past Chair
$0
T Getterman
Secretary
$0
Wade Lombard
Treasurer
$0
Jon Eckert
Executive Committee
$0
Jessica Pelache
Executive Committee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Iabbb
Dues-use Of Brand
$367,492
Cbbb
Dues-use Of Brand
$261,780
Trimbuilt Construction Inc
Construction
$239,809
Domeo Construction
Construction
$100,449
Kampfe De Stijl Architecture
Architecture
$100,449
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $60,957
All other contributions, gifts, grants, and similar amounts not included above$60,250
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$121,207
Total Program Service Revenue$12,792,088
Investment income $45,389
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $151,485
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,152,329

Grants Awarded

Over the last fiscal year, Bbb Serving The Heart Of Texas has awarded $6,407,837 in support to 281 organizations.

Grant RecipientAmount

GROUNDWORK MUSIC PROJECT

PURPOSE: COVID-19 EMERGENCY RELIEF

$20,000

THE SERIE PRINT PROJECT INC

PURPOSE: COVID-19 EMERGENCY RELIEF

$20,000

DANCE ANOTHER WORLD

PURPOSE: COVID-19 EMERGENCY RELIEF

$20,000

ANTHROPOS ARTS

PURPOSE: COVID-19 EMERGENCY RELIEF

$20,000

AUSTIN BLACK PRIDE

PURPOSE: COVID-19 EMERGENCY RELIEF

$20,000

INDIA FINE ARTS INC

PURPOSE: COVID-19 EMERGENCY RELIEF

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Lloyds Register North America Inc
Houston, TX
$36,474,575
Visit San Antonio
San Antonio, TX
$32,035,608
Greater Houston Partnership Inc
Houston, TX
$20,049,171
Wi-Fi Alliance
Austin, TX
$18,339,553
Clean Gulf Associates Inc
New Orleans, LA
$15,407,511
Bbb Serving The Heart Of Texas
Austin, TX
$13,152,329
Meeting Professionals International
Dallas, TX
$12,926,927
Dallas Regional Chamber
Dallas, TX
$12,351,364
Salesmanship Club Of Dallas
Dallas, TX
$12,195,670
American Agape Foundation Inc
San Antonio, TX
$10,164,891
Brazos Pilots Association
Freeport, TX
$10,187,278
United Brotherhood Of Carpenters And Joiners Of America
Metairie, LA
$10,786,988
Salesmanship Club Foundation
Dallas, TX
$5,994,557
American Pecan Promotion Board
Fort Worth, TX
$10,037,594
American Agape Foundation Inc
San Antonio, TX
$7,434,691
American Concrete Pipe Association
Irving, TX
$7,729,598
Texas Oil And Gas Association Inc
Austin, TX
$7,731,432
Texas Society Of Certified Public Accountants
Addison, TX
$7,177,204
International Association Of Exhibitions And Events
Dallas, TX
$5,967,384
Associated Builders And Contractors Inc
Baton Rouge, LA
$6,516,254
American Payroll Institute Inc
San Antonio, TX
$11,354,624
American Fire Sprinkler Association Inc
Dallas, TX
$6,352,327
National Independent Automobile Dealers Assn
Arlington, TX
$6,061,832
Connex
Irving, TX
$5,612,860
Oklahoma One-Call System Inc
Oklahoma City, OK
$6,819,489

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