Bbb Serving The Heart Of Texas
- Assets
- $13.2m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 158
- Location
- Austin, TX
- Founding
- 03/1952
- Data as of
- 12/2021
- EIN
- 74-1116918
Organization Overview
Bbb Serving The Heart Of Texas is located in Austin, TX. The organization was established in 1952. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Bbb Serving The Heart Of Texas employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbb Serving The Heart Of Texas 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 12/2021, Bbb Serving The Heart Of Texas generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 15.8% 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.
Since 2020, Bbb Serving The Heart Of Texas has awarded 1,249 individual grants totaling $30,569,728. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE LEADER IN ADVANCING MARKETPLACE TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BBB PROMOTES A MARKETPLACE WHERE BUYERS AND SELLERS CAN TRUST EACH OTHER THROUGH BUSINESS REPORTING AND ACCREDITATION.
ONE OF BBB'S CORE SERVICES IS ALTERNATIVE DISPUTE RESOLUTION, INCLUDING CONCILIATION AND ARBITRATION, AS WELL AS A NATIONAL BBB ARBITRATION PROGRAM FOR AUTO DISPUTES. IN 2006, BBB CREATED AND IMPLEMENTED A BOARD-APPROVED MEDIATION PROGRAM. IN THE YEARS SINCE ITS INCEPTION, THE PROGRAM HAS GROWN AS PARTICIPANTS VOLUNTARILY ELECT TO USE BBB'S MEDIATION PROGRAM. SINCE OUR MEDIATION PROGRAM'S INCEPTION, WE HAVE RESOLVED HUNDREDS OF DISPUTES THAT WOULD HAVE OTHERWISE LEFT FAMILIES AND BUSINESS WITHOUT NEEDED CLOSURE. THE PROGRAM HAS EARNED PRAISE, WINNING A 2008 AND 2016 INTERNATIONAL BETTER BUSINESS BUREAU AWARD FOR OUTSTANDING DISPUTE RESOLUTION PROGRAM AS WELL AS BEING A KEY INGREDIENT TO A 2013, 2015 & 2017 AWARD FOR AN INTERNATIONAL BBB AWARD FOR OVERALL OPERATIONS.AWARDS AND RECOGNITIONS IN 2020:- IN 2020 HONORED AS ONE OF THE BEST NONPROFITS TO WORK FOR BY NONPROFIT TIMES, THIS WAS OUR 8TH RECOGNITION. ALSO RECOGNIZED AS A BEST COMPANIES TO WORK FOR IN TEXAS (MEDIUM SIZED BUSINESS CATEGORY).
THE BBB ENTERED INTO A PROFESSIONAL SERVICES AGREEMENT WITH THE CITY OF AUSTIN (THE "CITY") THAT EXPIRES ON SEPTEMBER 30, 2021. UNDER THE TERMS OF THE AGREEMENT, THE BBB ACTS AS THE GRANT ADMINISTRATOR OF GRANT PROGRAMS ANNOUNCED BY THE CITY TO SUPPORT AND SUSTAIN SMALL AND LOCAL BUSINESS, NONPROFIT ORGANIZATIONS, AND CREATIVE WORKERS THAT ARE FACING FINANCIAL HARDSHIPS DUE TO THE ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie A Hurt President/ceo | Officer | 40 | $617,359 |
Joshua Hares Chief Revenue Officer | Officer | 40 | $372,540 |
Erin Dufner Chief Marketing Officer | Officer | 40 | $301,039 |
Justin Brookhart Vp-Operations | 40 | $166,384 | |
Damon West Fw Development Representat | 40 | $152,889 | |
Coni Scudder Ab Development Representat | 40 | $151,301 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kampfe De Stijl Architecture Architecture | 12/30/19 | $100,449 |
Trimbuilt Construction Inc Construction | 12/30/19 | $239,809 |
Domeo Construction Construction | 12/30/19 | $100,449 |
Iabbb Dues-use Of Brand | 12/30/19 | $367,492 |
Cbbb Dues-use Of Brand | 12/30/19 | $261,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,700,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,784,817 |
| Total Program Service Revenue | $11,561,205 |
| Investment income | $17,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,471 |
| 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 | $18,551,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,420,000 |
| 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. | $1,516,397 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,695,492 |
| Pension plan accruals and contributions | $207,735 |
| Other employee benefits | $522,556 |
| Payroll taxes | $497,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,373 |
| Fees for services: Accounting | $119,976 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,693 |
| Advertising and promotion | $338,031 |
| Office expenses | $661,666 |
| Information technology | $321,649 |
| Royalties | $0 |
| Occupancy | $677,127 |
| Travel | $34,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,261 |
| Interest | $47,774 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $380,549 |
| Insurance | $73,561 |
| All other expenses | $0 |
| Total functional expenses | $18,036,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,187 |
| Savings and temporary cash investments | $3,505,341 |
| 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 | $12,526 |
| Net Land, buildings, and equipment | $9,331,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,157 |
| Total assets | $13,203,011 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,086,598 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,086,598 |
| Net assets without donor restrictions | $9,112,082 |
| Net assets with donor restrictions | $4,331 |
| 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 | $13,203,011 |
Grants Awarded
Over the last fiscal year, Bbb Serving The Heart Of Texas has awarded $6,407,837 in support to 281 organizations.
| Grant Recipient | Amount |
|---|---|
TRADE FINISHING AND GRAPHIC SERVICES LLC PURPOSE: COVID-19 EMERGENCY RELIEF | $40,000 |
HILL COUNTRY WEAVERS PURPOSE: COVID-19 EMERGENCY RELIEF | $40,000 |
MOONTIME LLC PURPOSE: COVID-19 EMERGENCY RELIEF | $40,000 |
AUSTIN DIESEL AND JEEP LLC PURPOSE: COVID-19 EMERGENCY RELIEF | $40,000 |
THE BEE ON 6TH STREET LLC PURPOSE: COVID-19 EMERGENCY RELIEF | $40,000 |
RUNA WORKSHOP LLC PURPOSE: COVID-19 EMERGENCY RELIEF | $40,000 |
Endowment Analysis
| Beg. Balance | $4,000 |
| Earnings | $1 |
| Other Expense | $1 |
| Ending Balance | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |