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 12/2021, Bbb Serving The Heart Of Texas employed 158 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 12/2021, Bbb Serving The Heart Of Texas generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 15.8% 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.

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

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 BBB PROMOTES A MARKETPLACE WHERE BUYERS AND SELLERS CAN TRUST EACH OTHER THROUGH BUSINESS REPORTING AND ACCREDITATION.


ONE OF BBB'S CORE SERVICES IS ALTERNATIVE DISPUTE RESOLUTION, INCLUDING CONCILIATION AND ARBITRATION, AS WELL AS A NATIONAL BBB ARBITRATION PROGRAM FOR AUTO DISPUTES. IN 2006, BBB CREATED AND IMPLEMENTED A BOARD-APPROVED MEDIATION PROGRAM. IN THE YEARS SINCE ITS INCEPTION, THE PROGRAM HAS GROWN AS PARTICIPANTS VOLUNTARILY ELECT TO USE BBB'S MEDIATION PROGRAM. SINCE OUR MEDIATION PROGRAM'S INCEPTION, WE HAVE RESOLVED HUNDREDS OF DISPUTES THAT WOULD HAVE OTHERWISE LEFT FAMILIES AND BUSINESS WITHOUT NEEDED CLOSURE. THE PROGRAM HAS EARNED PRAISE, WINNING A 2008 AND 2016 INTERNATIONAL BETTER BUSINESS BUREAU AWARD FOR OUTSTANDING DISPUTE RESOLUTION PROGRAM AS WELL AS BEING A KEY INGREDIENT TO A 2013, 2015 & 2017 AWARD FOR AN INTERNATIONAL BBB AWARD FOR OVERALL OPERATIONS.AWARDS AND RECOGNITIONS IN 2020:- IN 2020 HONORED AS ONE OF THE BEST NONPROFITS TO WORK FOR BY NONPROFIT TIMES, THIS WAS OUR 8TH RECOGNITION. ALSO RECOGNIZED AS A BEST COMPANIES TO WORK FOR IN TEXAS (MEDIUM SIZED BUSINESS CATEGORY).


THE BBB ENTERED INTO A PROFESSIONAL SERVICES AGREEMENT WITH THE CITY OF AUSTIN (THE "CITY") THAT EXPIRES ON SEPTEMBER 30, 2021. UNDER THE TERMS OF THE AGREEMENT, THE BBB ACTS AS THE GRANT ADMINISTRATOR OF GRANT PROGRAMS ANNOUNCED BY THE CITY TO SUPPORT AND SUSTAIN SMALL AND LOCAL BUSINESS, NONPROFIT ORGANIZATIONS, AND CREATIVE WORKERS THAT ARE FACING FINANCIAL HARDSHIPS DUE TO THE ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC.


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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 $6,700,080
All other contributions, gifts, grants, and similar amounts not included above$84,737
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,784,817
Total Program Service Revenue$11,561,205
Investment income $17,139
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $141,471
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 $18,551,696

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

RUNA WORKSHOP LLC

PURPOSE: COVID-19 EMERGENCY RELIEF

$40,000

ECOSCIENCE LLC

PURPOSE: COVID-19 EMERGENCY RELIEF

$40,000

JULIO'S MOTORS LLC

PURPOSE: COVID-19 EMERGENCY RELIEF

$40,000

FIGURE 8 COFFEE PURVEYORS LLC

PURPOSE: COVID-19 EMERGENCY RELIEF

$40,000

DKO ENTERPRISES LP

PURPOSE: COVID-19 EMERGENCY RELIEF

$40,000

THE AUSTIN BARREL CONCEPT

PURPOSE: COVID-19 EMERGENCY RELIEF

$40,000
View Grant Profile

Endowment Analysis

Beg. Balance$4,000
Earnings$1
Other Expense$1
Ending Balance$4,000

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