Bbb Of Central Arizona Foundation
- Assets
- $210.6k
- Revenue
- $222.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 94-2860635
Organization Overview
Bbb Of Central Arizona Foundation is located in Phoenix, AZ. The organization was established in 2001. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbb Of Central Arizona Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bbb Of Central Arizona Foundation generated $222.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $165.5k during the year ending 12/2021. While expenses have increased by 7.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF BBB FOUNDATION IS TO EDUCATE INDIVIDUALS AND BUSINESSES ABOUT MARKETPLACE ISSUES AND CHARITABLE GIVING PRACTICES AND TO REINFORCE BBB'S MISSION OF ADVANCING MARKETPLACE TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BBB FOUNDATION IS A SUPPORTING ORGANIZATION OF THE BETTER BUSINESS BUREAU, INC. IN SUPPORT OF THE BETTER BUSINESS BUREAU, INC., SINCE 1982. BBB FOUNDATION HAS PROVIDED WRITTEN MATERIALS, VISUAL AIDS, AND SPEAKERS TO INFORM THE PUBLIC ABOUT WISE BUYING, INVESTMENTS, FRAUDULENT PRACTICES, AND UNETHICAL SCHEMES. THE FOUNDATION USES ITS SAVVY CONSUMER PROGRAMS TO PROVIDE COMPREHENSIVE MARKETPLACE INFORMATION TO SPECIFIC GROUPS SUCH AS KIDS, TEENS, AND SENIORS. ADDITIONALLY, THE FOUNDATION CONDUCTS AN ANNUAL BUSINESS ETHICS AWARDS PROGRAM TO RECOGNIZE LOCAL COMPANIES WHO GO ABOVE AND BEYOND TO ENSURE AN ETHICAL MARKETPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Verdini Past Chair | OfficerTrustee | 0.25 | $0 |
Brian Burt Treasurer | OfficerTrustee | 0.25 | $0 |
Matthew Fehling Secretary | OfficerTrustee | 2.5 | $0 |
Ken Bonham Vice Chair | OfficerTrustee | 0.25 | $0 |
Gary Sneed Chair | OfficerTrustee | 0.25 | $0 |
Joe Dean Member | Trustee | 0.25 | $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 | $247,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,026 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,032 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,096 |
| Advertising and promotion | $2,610 |
| Office expenses | $5,166 |
| Information technology | $1,558 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,143 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $165,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,176 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,551 |
| Accounts payable and accrued expenses | $63,273 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $65,273 |
| Net assets without donor restrictions | $145,278 |
| 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 | $210,551 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bbb Of Central Arizona Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Desert Financial Credit Union Phoenix, AZ PURPOSE: BOARD SVC DONATION-G SNEED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waterstone Supporting Organization Trust 1 Colorado Springs, CO | $40,765,931 | $77,364,111 |
Alcohol Justice San Rafael, CA | $1,444,255 | $2,007,293 |
Santa Fe Railyard Community Santa Fe, NM | $384,295 | $1,982,412 |
Mercado La Paloma Inc Los Angeles, CA | $6,878,012 | $613,882 |
Jefferson Economic Council Golden, CO | $667,192 | $968,680 |
Sandra Day Oconnor Institute Phoenix, AZ | $2,018,643 | $1,483,433 |
Lynx Foundation Novato, CA | $25,094,641 | $88,625 |
Tcfso Boulder, CO | $334,043 | $515,254 |
Salt Lake Chamber Womens Business Center Salt Lake City, UT | $233,234 | $668,631 |
City Of Albuquerque Foundation Albuquerque, NM | $754,262 | $1,278,285 |
California Citrus Quality Council Auburn, CA | $174,846 | $701,118 |
Milk Producers Council Ontario, CA | $352,099 | $565,737 |