Better Business Bureau Inc
- Assets
- $1.2m
- Revenue
- $776.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Columbia, SC
- Founding
- 04/1988
- Data as of
- 12/2023
- EIN
- 57-0789537
Organization Overview
Better Business Bureau Inc is located in Columbia, SC. The organization was established in 1988. 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 12/2023, Better Business Bureau Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Business Bureau 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 12/2023, Better Business Bureau Inc generated $776.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $740.3k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BUREAU IS A PUBLIC SERVICE AGENCY DEVOTED TO PROTECTING THE CONSUMING PUBLIC. THE BUREAU SERVES 15 COUNTIES IN SOUTH CAROLINA AND IS FUNDED BY MEMBERSHIP DUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE SELF-REGULATION AND ADVANCEMENT OF ETHICAL BUSINESS PRACTICES AND MONITOR BUSINESS PRACTICES BY INVESTIGATION OF CONSUMER COMPLAINTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M Hadley President | Officer | 40 | $88,813 |
Tom Moses Director | Trustee | 1 | $0 |
Tom Moore Director | Trustee | 1 | $0 |
Tommy Miles Director | Trustee | 1 | $0 |
Matt Thompson Director | Trustee | 1 | $0 |
Rick Durkee Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $755,433 |
| Investment income | $20,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,010 |
| 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. | $88,813 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,484 |
| Pension plan accruals and contributions | $12,498 |
| Other employee benefits | $2,986 |
| Payroll taxes | $26,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,905 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,032 |
| Office expenses | $13,707 |
| Information technology | $34,666 |
| Royalties | $0 |
| Occupancy | $55,264 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,380 |
| Insurance | $2,485 |
| All other expenses | $128 |
| Total functional expenses | $740,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,842 |
| Savings and temporary cash investments | $138,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,863 |
| 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 | $5,315 |
| Net Land, buildings, and equipment | $37,000 |
| Investments—publicly traded securities | $702,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,056 |
| Total assets | $1,206,964 |
| Accounts payable and accrued expenses | $29,863 |
| Grants payable | $0 |
| Deferred revenue | $299,260 |
| 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 | $161,056 |
| Total liabilities | $490,179 |
| Net assets without donor restrictions | $716,785 |
| 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 | $1,206,964 |