Better Business Bureau Serving The Pacific Southwest Foundation
- Assets
- $201.7k
- Revenue
- $587.8k
- Investments
- $0.0
- Employees
- 2
- Location
- San Diego, CA
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 91-1786086
Organization Overview
Better Business Bureau Serving The Pacific Southwest Foundation is located in San Diego, CA. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Better Business Bureau Serving The Pacific Southwest Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Business Bureau Serving The Pacific Southwest 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 12/2023, Better Business Bureau Serving The Pacific Southwest Foundation generated $587.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $625.9k during the year ending 12/2023. While expenses have increased by 20.7% per year over the past 9 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 PRIMARY PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS TO OPERATE PROGRAMS AND TO PROMOTE, SOLICIT, MANAGE, AND DISTRIBUTE FUNDS AND RESOURCES TO FURTHER THE DEVELOPMENT AND WELFARE OF THE PEOPLE, ORGANIZATIONS AND THE BUSINES COMMUNITIES OF NORTH AMERICA THROUGH ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE, EDUCATIONAL OR SCIENTIFIC. SUCH ACTIVITIES MAY INCLUDE, BUT NOT BE LIMITED TO, OPERATING CHARITABLE, EDUCATIONAL OR SCIENTIFIC PROGRAMS; MAKING DISTRIBUTIONS TO QUALIFYUING CHARITABLE, EDUCATIONAL OR SCIENTIFIC ORGANIZATIONS; SPONSORING EDUCATIONAL AND TRAINING PROGRAMS RELATING TO THE OPERATION OF THE MARKET SYSTEM AND CONSUMER AND BUSINESES' OBLIGATIONS IN ORDER TO MINIMIZE DISAGREEMENTS IN THE MARKET PLACE; PROVIDING OR SUPPORTING ALTERNATIVE DISPUTE RESOLUTION PROGRAMS IN ACCORDANCE WITH LOCAL, STATE AND FEDERAL LAW AS AN ALTERNATIVE TO THE COURT SYSTEM FOR RESOLVING DISPUTES AND TO DIVERT SUCH DISPUTES FROM THE COURTS TO THESE ALTERNATIVE RESOLUTION MECHANISMS; PROVIDIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED CONSUMER PROTECTION SEMINARS TO EDUCATE THE COMMON CONSUMER ABOUT SCAMS AND OFFERED INFORMATION AS TO HOW THEY COULD BE AVOIDED. ALSO HELD AWARD CEREMONIES HONORING LOCAL COMPANIES WITH OUTSTANDING BUSINESS ETHICS AND INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sedio Secretary/coo | OfficerTrustee | 40 | $40,288 |
Chris Demarco Director | Trustee | 0.25 | $0 |
Scott Ledesma Past Chairman | OfficerTrustee | 0.25 | $0 |
Jennifer Barnes Treasurer | OfficerTrustee | 0.25 | $0 |
Byram Frost Director | Trustee | 0.25 | $0 |
Gary Sneed Vice Chairman | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,865 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $513,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,812 |
| 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 | -$31,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $587,786 |
| 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. | $40,288 |
| Compensation of current officers, directors, key employees. | $9,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,604 |
| Payroll taxes | $6,286 |
| 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 | $125,427 |
| Advertising and promotion | $13,061 |
| Office expenses | $1,765 |
| Information technology | $4,667 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $776 |
| 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 | $625,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,140 |
| 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 | $1,000 |
| 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 | $201,701 |
| Accounts payable and accrued expenses | $156,805 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $156,805 |
| Net assets without donor restrictions | $44,896 |
| 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 | $201,701 |