International Association Of Better Business Bureaus Inc
- Assets
- $16.0m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 71
- Location
- Arlington, VA
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-3454617
Organization Overview
International Association Of Better Business Bureaus Inc is located in Arlington, VA. The organization was established in 2020. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, International Association Of Better Business Bureaus Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Better Business Bureaus 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 12/2022, International Association Of Better Business Bureaus Inc generated $15.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $15.0m during the year ending 12/2022. 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 ORGANIZATION'S MISSION IS TO BE THE LEADER IN ADVANCING MARKETPLACE TRUST. IT FULFILLS ITS MISSION IN PART BY PROMOTING BUSINESS SELF-REGULATION AND HELPING MEMBER BETTER BUSINESS BUREAUS SUCCEED. THE ASSOCIATION IS DEDICATED TO FOSTERING HONEST AND RESPONSIVE RELATIONSHIPS BETWEEN BUSINESS AND CONSUMERS, INSTILLING CONFIDENCE AND ADVANCING A TRUSTWORTHY MARKETPLACE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE FAIR BUSINESS WITH RESPECT TO TRADE AND CONSUMERS WHICH VIA TRADITIONAL MEDIA, SOCIAL CHANNELS, PUBLICATIONS, AND OUTREACH REGARDING ETHICAL BUSINESS PRACTICES. IABBB ALSO SUPPORTS 95 LOCAL, INDEPENDENT NONPROFIT BBBS ACROSS THE UNITED STATES, CANADA, AND MEXICO.
IABBB IS RESPONSIBLE FOR BBB TRADEMARK MANAGEMENT AND LICENSING INCLUDING TRADEMARK DEFENSE AND SUPPORT. THERE ARE OVER 124 TRADEMARKS IN OUR PORTFOLIO. THIS INCLUDES PROVIDING TRADEMARKS TO BBB NATIONAL PROGRAMS, BBB WISE GIVING ALLIANCE, AND LOCAL MEMBER BBBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Temmer Board Chair | OfficerTrustee | 1 | $0 |
Jocile Ehrlich Board Vice-Chair | OfficerTrustee | 1 | $0 |
Mechelle Mills Board Secretary | OfficerTrustee | 1 | $0 |
Julie Wheeler Board Treasurer | OfficerTrustee | 1 | $0 |
Michelle Corey Director | Trustee | 1 | $0 |
Holly Salmons Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Llp Legal Consultants | 12/30/22 | $128,342 |
M-theory Consulting Group Llc It Systems And Design Support | 12/30/22 | $416,681 |
On Target Sem Llc Digital Marketing And Seo Consultant | 12/30/22 | $106,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,024,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,112 |
| Total Program Service Revenue | $14,121,889 |
| Investment income | $54,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,492,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
| 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. | $987,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,031,673 |
| Pension plan accruals and contributions | $203,961 |
| Other employee benefits | $580,831 |
| Payroll taxes | $507,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $148,889 |
| Fees for services: Accounting | $17,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,363 |
| Fees for services: Other | $2,135,591 |
| Advertising and promotion | $161,590 |
| Office expenses | $148,144 |
| Information technology | $1,795,133 |
| Royalties | $0 |
| Occupancy | $22,265 |
| Travel | $181,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,209 |
| Interest | $159,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,830 |
| Insurance | $477,610 |
| All other expenses | $0 |
| Total functional expenses | $14,989,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,913,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $724,412 |
| 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 | $415,949 |
| Net Land, buildings, and equipment | $911,565 |
| Investments—publicly traded securities | $1,138,190 |
| Investments—other securities | $0 |
| Investments—program-related | $8,233,688 |
| Intangible assets | $2,665,000 |
| Other assets | $0 |
| Total assets | $16,002,411 |
| Accounts payable and accrued expenses | $962,549 |
| Grants payable | $0 |
| Deferred revenue | $140,487 |
| 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 | $454,458 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,804,437 |
| Total liabilities | $3,361,931 |
| Net assets without donor restrictions | $12,640,480 |
| 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 | $16,002,411 |