Better Business Bureau Of Chicago And Northern Illinois Inc

Organization Overview

Better Business Bureau Of Chicago And Northern Illinois Inc is located in Chicago, IL. The organization was established in 1928. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2021, Better Business Bureau Of Chicago And Northern Illinois Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Business Bureau Of Chicago And Northern Illinois 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 08/2021, Better Business Bureau Of Chicago And Northern Illinois Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.6m during the year ending 08/2021. While expenses have increased by 0.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND FOSTER THE HIGHEST ETHICAL RELATIONSHIP BETWEEN BUSINESSES AND THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE FAIR BUSINESS WITH RESPECT TO TRADE AND CONSUMERS THROUGH MEDIA INTERVIEWS, COVERAGE OF MARKETPLACE TRENDS AND SCAMS, MEDIA RELEASES, SELF HELP BOOKS, CHARITY REVIEW, HOME AND AUTO SHOWS, SPEAKERS BUREAU FOR NAVY, UNIVERSITIES AND A VARIETY OF SCHOOLS, ANNOUNCEMENTS AND PRINTING OF REPORTS. DISTRIBUTION OF SPECIFIC BUSINESS RELIABILITY REPORTS ON 100,000 BUSINESSES. AN INTEGRAL PART OF THE DEVELOPMENT OF BUSINESS REPORTS IS THE ORGANIZATION'S INVESTIGATION DIVISION THAT REVIEWS INFORMATION AND WORKS WITH VARIOUS AGENCIES TO PROMOTE INTEGRITY IN THE MARKETPLACE, ETHICS AWARDS RECOGNIZING BEST PRACTICES, AND ASSISTANCE IN SETTLING COMPLAINTS WITH BUSINESSES.


PROMOTE FAIR ADVERTISING - OPERATION OF ADVERTISING REVIEW PROGRAMS WHICH ARE CONCERNED WITH DEVELOPING, MONITORING AND FOSTERING ADHERENCE TO ETHICAL GUIDELINES WITHIN THE ADVERTISING INDUSTRY THROUGH VOLUNTARY SELF REGULATION.


PROMOTE FAIR BUSINESS PRACTICE IN THE AUTO INDUSTRY - OPERATION OF A DISPUTE RESOLUTION MECHANISM THAT INCLUDES MEDIATION AND ARBITRATION OF DISPUTES BETWEEN BUYERS AND MANUFACTURERS OF DOMESTIC AND IMPORTED AUTOMOBILES, LIGHT TRUCKS AND RECREATIONAL VEHICLES. THE PURPOSE OF THE PROGRAM IS TO PROMOTE A FAIR AND EFFICIENT MEANS TO SETTLE CONSUMER DISPUTES WITH AUTO MANUFACTURERS, THEREBY BENEFITTING THE PUBLIC AND THE AUTOMOBILE INDUSTRY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,500
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$483
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,983
Total Program Service Revenue$6,760,875
Investment income $93,042
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $280,775
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,242,725

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