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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Jones Chair | OfficerTrustee | 1 | $0 |
John Carlson Immediate Past Chair | OfficerTrustee | 1 | $0 |
T Getterman Secretary | OfficerTrustee | 1 | $0 |
Wade Lombard Treasurer | OfficerTrustee | 1 | $0 |
Jon Eckert Executive Committee | Trustee | 1 | $0 |
Jessica Pelache Executive Committee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Iabbb Dues-use Of Brand | 12/30/19 | $367,492 |
Cbbb Dues-use Of Brand | 12/30/19 | $261,780 |
Trimbuilt Construction Inc Construction | 12/30/19 | $239,809 |
Domeo Construction Construction | 12/30/19 | $100,449 |
Kampfe De Stijl Architecture Architecture | 12/30/19 | $100,449 |
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 |
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. | $1,455,596 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,091,103 |
Pension plan accruals and contributions | $186,634 |
Other employee benefits | $521,613 |
Payroll taxes | $537,810 |
Fees for services: Management | $0 |
Fees for services: Legal | $42,865 |
Fees for services: Accounting | $144,967 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $183,091 |
Advertising and promotion | $219,725 |
Office expenses | $988,436 |
Information technology | $627,319 |
Royalties | $0 |
Occupancy | $507,684 |
Travel | $141,107 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $119,608 |
Interest | $174,084 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $376,856 |
Insurance | $76,226 |
All other expenses | $0 |
Total functional expenses | $12,958,229 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $103,678 |
Savings and temporary cash investments | $3,854,730 |
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 | $356 |
Net Land, buildings, and equipment | $9,215,788 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $41,856 |
Total assets | $13,216,408 |
Accounts payable and accrued expenses | $0 |
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 | $3,905,895 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,905,895 |
Net assets without donor restrictions | $9,306,182 |
Net assets with donor restrictions | $4,331 |
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 | $13,216,408 |
Over the last fiscal year, Bbb Serving The Heart Of Texas has awarded $6,407,837 in support to 281 organizations.
Grant Recipient | Amount |
---|---|
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 |