Education & Res Fndtn Of Better Bus Bureau Of Metro Ny Inc is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education & Res Fndtn Of Better Bus Bureau Of Metro NY Inc 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 12/2022, Education & Res Fndtn Of Better Bus Bureau Of Metro NY Inc generated $412.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $400.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
SUPPORT THE BETTER BUSINESS BUREAU (R) BY DEFINING AND PROMOTING ETHICAL BUSINESS AND CHARITY STANDARDS AND PRACTICES IN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITY ACCOUNTABILITY:THE CORE PROGRAM IS THE CHARITY ACCOUNTABILITY PROGRAM (NYCAP). THROUGH THIS PROGRAM, THE FOUNDATION PROMOTES CHARITABLE GIVING IN NEW YORK STATE BY ENCOURAGING NONPROFIT PRACTICES THAT MERIT DONOR TRUST. THE FOUNDATION EDUCATES CHARITY LEADERS ABOUT HOW TO MEET THE BBB STANDARDS FOR CHARITY ACCOUNTABILITY. IT EVALUATES CHARITY PERFORMANCE AGAINST THE BBB STANDARDS AND PUBLISHES BBB CHARITY REPORTS STATING ITS FINDINGS ONLINE AT GIVE.ORG FOR THE BENEFIT OF THE PUBLIC.AS OF DECEMBER 2022, THERE WERE 765 PUBLISHED METRO NY BBB CHARITY REPORTS. CHARITIES MEETING ALL BBB STANDARDS AUTOMATICALLY BECOME BBB ACCREDITED CHARITIES, AT NO COST. THE FOUNDATION LICENSES USE OF ITS OPTIONAL BBB ACCREDITED CHARITY SEAL, FEATURING THE BBB'S TRADEMARK AS A SYMBOL OF ACCOUNTABILITY, ONLY TO ELIGIBLE CHARITIES THAT HAVE FIRST MET ALL BBB STANDARDS. BBB SEAL HOLDERS SIGN A LICENSING AGREEMENT AND PAY A SLIDING-SCALE FEE, BASED ON CHARITY FUNDRAISING REVENUE SIZE, FOR PERMITTED USES OF THE BBB SEAL.
EDUCATIONAL PROGRAMS:CHARITIES: THE FOUNDATION PRESENTED FIVE NO-COST PROGRAMS ABOUT MEETING THE BBB STANDARDS TO CHARITY LEADERS AND ADVISORS IN 2022. ALSO IN 2022, CHARITY LEADERS WERE PROVIDED WITH SIX ONLINE EDUCATIONAL PROGRAMS, INCLUDING A BBB CHARITY EFFECTIVENESS SYMPOSIUM ABOUT TRANSFORMING TO DRIVE CHANGE BEYOND RECOVERY, AND FIVE OTHER PROGRAMS ABOUT ISSUES SUCH AS BUILDING A DIVERSE, EQUITABLE AND INCLUSIVE WORKPLACE, SUSTAINABILITY, SCENARIO PLANNING, MANAGING YOUR NONPROFIT'S FINANCIAL HEALTH, AND RECALIBRATING YOUR CHARITY'S BUSINESS MODEL FOR FINANCIAL RESILIENCE. ALL PROGRAMS IN 2022 WERE OFFERED FOR FREE AND ONLINE TO REGISTRANTS DURING THE PANDEMIC.BUSINESSES: THE FIFTEENTH BBB FORUM ON CORPORATE RESPONSIBILITY WAS PRESENTED AS A WEBCAST ON SEPTEMBER 14, 2022 AND PROVIDED FREE TO REGISTRANTS DURING THE PANDEMIC. IT WAS ENTITLED RISK AND RESPONSIBILITY: BUSINESS INTEGRITY IN AN AGE OF DISRUPTION. THERE WERE 1,448 COMBINED BUSINESS AND CHARITY PROGRAM ATTENDEES NOTED IN 2022.
LEADERSHIP:OUR FOUNDATION MAINTAINS A YEAR-ROUND SKILL-BUILDING VOLUNTEER INTERNSHIP PROGRAM, WHICH HELPS YOUNG PEOPLE BUILD LEADERSHIP AND CAREER SKILLS. PARTICIPANTS ARE TRAINED AND SUPERVISED, AND ARE INVITED TO ATTEND CAREER SESSIONS WITH SENIOR EXECUTIVES FROM BBB BOARD LEADERSHIP. INTERNS LEARN SKILLS IN AREAS SUCH AS DISPUTE RESOLUTION, CUSTOMER SERVICE, BUSINESS COMMUNICATIONS, AND NONPROFIT MANAGEMENT. IN 2022, DURING THE PANDEMIC, INTERNSHIPS WERE CONDUCTED VIRTUALLY USING TOOLS SUCH AS ONLINE MEETINGS. THE PROGRAM SERVED 38 INTERNS IN 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Okorn Chairperson | OfficerTrustee | 0.1 | $0 |
Pamela Haas Vice-Chair | OfficerTrustee | 0.1 | $0 |
Richard Brown Vice-Chair | OfficerTrustee | 0.1 | $0 |
Steve Perazzoli Treasurer | OfficerTrustee | 0.1 | $0 |
Laurie J Bilik Trustee | Trustee | 0.1 | $0 |
Brandi Boatner Trustee | Trustee | 0.1 | $0 |
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 | $212,333 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $212,333 |
Total Program Service Revenue | $187,937 |
Investment income | $929 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $412,671 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,375 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,299 |
Advertising and promotion | $16,277 |
Office expenses | $21,200 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $25,008 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,335 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,000 |
Insurance | $1,710 |
All other expenses | $0 |
Total functional expenses | $400,601 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $380,735 |
Savings and temporary cash investments | $849,770 |
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 | $2,359 |
Net Land, buildings, and equipment | $3,664 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,236,528 |
Accounts payable and accrued expenses | $558 |
Grants payable | $0 |
Deferred revenue | $63,213 |
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 | $33,190 |
Total liabilities | $96,961 |
Net assets without donor restrictions | $1,082,845 |
Net assets with donor restrictions | $56,722 |
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 | $1,236,528 |