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INTERNATIONAL ASSOCIATION OF BETTER BUSINESS BUREAUS INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
INTERNATIONAL ASSOCIATION OF BETTER BUSINESS BUREAUS INC (EIN 83-3454617)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202133199349323343
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T16:32:17-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135381590PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 RED BROOK BLVD SUITE 300AddressLine1Txt
CityOWINGS MILLSCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21117ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN833454617EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL ASSOCIATION OF BETTERBusinessNameLine1Txt
Business Name Line2BUSINESS BUREAUS INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINTEBusinessNameControlTxt
Phone7032760100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14250 NORTH FAIRFAX DRIVE NO 600AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTY PAGEPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone7032479339PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHRISTYPersonFirstNm
Person LastPAGEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN J RAYPreparerPersonNm
PTINP01278507PTIN
Phone4103633200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRISTY PAGEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14250 NORTH FAIRFAX DRIVE NO 600AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,078,598GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.BBB.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION'S MISSION IS TO BE THE LEADER IN ADVANCING MARKETPLACE TRUST. IT FULFILLS ITS MISSION IN PART BY PROMOTING BUSINESS SELF-REGULATION AND HELPING MEMBER BETTER BUSINESS BUREAUS SUCCEED. THE ASSOCIATION IS DEDICATED TO FOSTERING HONEST AND RESPONSIVE RELATIONSHIPS BETWEEN BUSINESS AND CONSUMERS, INSTILLING CONSUMER CONFIDENCE AND ADVANCING A TRUSTWORTHY MARKETPLACE FOR ALL.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee53TotalEmployeeCnt
Total Volunteers29TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,340,902PYContributionsGrantsAmt
CY Contributions Grants$10,000CYContributionsGrantsAmt
PY Program Service Revenue$7,840,177PYProgramServiceRevenueAmt
CY Program Service Revenue$12,975,112CYProgramServiceRevenueAmt
PY Investment Income$66,406PYInvestmentIncomeAmt
CY Investment Income$52,398CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$41,088CYOtherRevenueAmt
PY Total Revenue$18,247,485PYTotalRevenueAmt
CY Total Revenue$13,078,598CYTotalRevenueAmt
PY Grants And Similar Paid$10,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$320,920CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,247,530PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,779,467CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,118,933PYOtherExpensesAmt
CY Other Expenses$6,134,946CYOtherExpensesAmt
PY Total Expenses$7,376,463PYTotalExpensesAmt
CY Total Expenses$12,235,333CYTotalExpensesAmt
PY Revenues Less Expenses$10,871,022PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$843,265CYRevenuesLessExpensesAmt
Total Assets BOY$11,790,632TotalAssetsBOYAmt
Total Assets EOY$13,160,929TotalAssetsEOYAmt
Total Liabilities BOY$693,466TotalLiabilitiesBOYAmt
Total Liabilities EOY$825,494TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,097,166NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,335,435NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE ORGANIZATION'S MISSION IS TO BE THE LEADER IN ADVANCING MARKETPLACE TRUST. IT FULFILLS ITS MISSION IN PART BY PROMOTING BUSINESS SELF-REGULATION AND HELPING MEMBER BETTER BUSINESS BUREAUS SUCCEED. THE ASSOCIATION IS DEDICATED TO FOSTERING HONEST AND RESPONSIVE RELATIONSHIPS BETWEEN BUSINESS AND CONSUMERS, INSTILLING CONSUMER CONFIDENCE AND ADVANCING A TRUSTWORTHY MARKETPLACE FOR ALL.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROMOTE FAIR BUSINESS WITH RESPECT TO TRADE AND CONSUMERS WHICH VIA TRADITIONAL MEDIA, SOCIAL CHANNELS, PUBLICATIONS, AND OUTREACH REGARDING ETHICAL BUSINESS PRACTICES. IABBB ALSO SUPPORTS 99 LOCAL, INDEPENDENT NONPROFIT BBBS ACROSS THE UNITED STATES, CANADA, & MEXICO.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescIABBB IS RESPONSIBLE FOR BBB TRADEMARK MANAGEMENT AND LICENSING INCLUDING TRADEMARK DEFENSE AND SUPPORT. THERE ARE OVER 170 TRADEMARKS IN OUR PORTFOLIO. THIS INCLUDES PROVIDING TRADEMARKS TO BBB NATIONAL PROGRAMS, BBB WISE GIVING ALLIANCE, AND LOCAL MEMBER BBBS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee53EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHRISTY PAGEPersonNm
Phone7032760100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14250 NORTH FAIRFAX DRIVE SUITE 600AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JIM HEGARTY
CHAIR1.001.00Yes (X)Yes (X)$0$0$0
JAY NEWMAN
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
WARREN CLARK
TREASURER1.00Yes (X)Yes (X)$0$0$0
JANET ROBB
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MICHELLE COREY
DIRECTOR1.00Yes (X)$0$0$0
JOCILE EHRLICH
DIRECTOR1.00Yes (X)$0$0$0
JOHN NORTH
DIRECTOR1.00Yes (X)$0$0$0
HOLLY SALMONS
DIRECTOR1.00Yes (X)$0$0$0
KIM STATES
DIRECTOR1.00Yes (X)$0$0$0
JULIE WHEELER
DIRECTOR1.00Yes (X)$0$0$0
ERIC REICIN
EX OFFICIO1.0035.00Yes (X)$0$0$0
JIM TEMMER
DIRECTOR1.00Yes (X)$0$0$0
COLLEEN RUDIO
EX OFFICIO/PRESIDENT & CEO34.001.00Yes (X)$363,463$0$1,731
RICHARD WOODS
VICE PRESIDENT & GENERAL C33.002.00Yes (X)$233,031$0$9,321
CHRISTY PAGE
CHIEF FINANCIAL OFFICER35.00Yes (X)$136,082$0$4,760
SAMUEL MCMAKIN
CHIEF OPERATING OFFICER35.00$172,741$0$6,910Yes (X)
JOSEPH OLLENDICK
CHIEF TECHNICAL OFFICER35.00$150,385$0$5,754Yes (X)
MELISSA TRUMPOWER
EX OFFICIO/EXECUTIVE DIREC1.0035.00$0$139,865$5,594Yes (X)
STEVE SALTER
CHIEF DEVELOPMENT OFFICER35.00$201,108$0$8,044Yes (X)
KATHERINE HUTT
CHIEF COMMUNICATIONS OFFIC35.00$181,731$0$7,108Yes (X)
RUBENS PESSANHA FILHO
SENIOR DIRECTOR R&D35.00$176,538$0$4,413Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,615,079TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$139,865TotReportableCompRltdOrgAmt
Total Other Compensation$53,635TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
M-THEORY CONSULTING GROUP
6171 W CENTURY BLVD STE 350LOS ANGELESCA90045IT SYSTEMS AND DESIGN SUPPORT$790,140
ACCENTURE LLP
161 N CLARK STREETCHICAGOIL60601CONSULTING$619,452
THERMOPYLAE SCEINCES & TECHNOLOGY LLC
1911 N FORTH MYER DR SUITE 700ARLINGTONVA22209IT SYSTEMS AND DESIGN SUPPORT$211,403
KOYA LEADERSHIP PARTNERS
PO BOX 279NEWBURYPORTMA01950RECRUITING$130,000
VALINTRY SERVICES
1201 ORLANDO AVENUE SUITE 440WINTER PARKFL32789IT SYSTEMS AND DESIGN SUPPORT$124,800
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K8CntrctRcvdGreaterThan100KCnt
All Other Contributions$10,000AllOtherContributionsAmt
Total Contributions$10,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DUES561439$12,808,356$12,808,356
CONTRACT REV561439$86,751$86,751
SUBSCRIPTION REVENUE561439$52,151$52,151
LICENSING FEES561439$25,000$25,000
PROGRAM REV561439$2,854$2,854
FieldValueIRS element (for citing)
Total Program Service Revenue$12,975,112TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$48,655TotalRevenueColumnAmt
Exclusion$48,655ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$3,743OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$3,743OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,743TotalRevenueColumnAmt
Exclusion$3,743ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business900099BusinessCd
Total Revenue Column$41,088TotalRevenueColumnAmt
Related Or Exempt Func Income$41,088RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$41,088OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,078,598TotalRevenueColumnAmt
Related Or Exempt Func Income$13,016,200RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$52,398ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$320,920TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,084,178TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,778,896TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$163,538TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$390,648TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$362,207TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$148,893TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$30,376TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$24,060TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,621,727TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$54,981TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$48,416TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$873,514TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$133,362TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$108,690TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$31,048TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,136TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$329,830TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$471,919TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LICENSE AND SUBSCRIPTIO$1,991,963
BAD DEBT$135,000
MISCELLANEOUS$77,189
PAYROLL PROCESSING FEES$41,509

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$9,333TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,235,333TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,380,112BOYAmt
EOY$4,280,398EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$804,294BOYAmt
EOY$1,051,934EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$386,378BOYAmt
EOY$326,634EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,653,792BOYAmt
EOY$3,265,737EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$4,566,056BOYAmt
EOY$4,236,226EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,790,632BOYAmt
EOY$13,160,929EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$658,690BOYAmt
EOY$746,399EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$28,430BOYAmt
EOY$79,095EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,346BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$693,466BOYAmt
EOY$825,494EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,097,166BOYAmt
EOY$12,335,435EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,097,166BOYAmt
EOY$12,335,435EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,790,632BOYAmt
EOY$13,160,929EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$843,265ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$395,004NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,762,913TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$395,004NetUnrealizedGainsInvstAmt
Other Revenue$400,122OtherRevenueAmt
Revenue Not Reported$795,126RevenueNotReportedAmt
Revenue Subtotal$12,967,787RevenueSubtotalAmt
Other Revenues Not Included$110,811OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$110,811RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,078,598TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,528,882TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$725,280OtherExpensesIncludedAmt
Expenses Not Reported$725,280ExpensesNotReportedAmt
Expenses Subtotal$11,803,602ExpensesSubtotalAmt
Other Expenses Not Included$431,731OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$431,731ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,235,333TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ASSOCIATION IS EXEMPT FROM THE PAYMENT OF TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEAR ENDED DECEMBER 31, 2020, AS THE ORGANIZATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME. THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2020, THE STATUTE OF LIMITATIONS FOR TAX YEAR 2019 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SUBSIDIARY REVENUE 400,122.
PART XI, LINE 4B - OTHER ADJUSTMENTS:INTERCOMPANY TRANSACTIONS 86,751. INVESTMENT MANAGEMENT FEES 24,060.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SUBSIDIARY EXPENSES 725,280.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INVESTMENT MANAGEMENT FEES 24,060. INTERCOMPANY ELIMINATIONS 407,671.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1BBB INSTITUTE FOR MARKETPLACE TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14250 NORTH FAIRFAX DRIVE SUITE 600AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Recipient EIN208814392RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$320,920CashGrantAmt
Valuation Method UsedCASH VALUEValuationMethodUsedDesc
Purpose Of GrantTO SUPPORT GENERAL OPERATIONSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
COLLEEN RUDIO
EX OFFICIO/PRESIDENT & CEO$363,463$0$0$0$0$0$0$0$1,731$0$365,194$0$0$0
RICHARD WOODS
VICE PRESIDENT & GENERAL C$233,031$0$0$0$0$0$0$0$9,321$0$242,352$0$0$0
STEVE SALTER
CHIEF DEVELOPMENT OFFICER$201,108$0$0$0$0$0$0$0$8,044$0$209,152$0$0$0
KATHERINE HUTT
CHIEF COMMUNICATIONS OFFIC$181,731$0$0$0$0$0$0$0$7,108$0$188,839$0$0$0
RUBENS PESSANHA FILHO
SENIOR DIRECTOR R&D$176,538$0$0$0$0$0$0$0$4,413$0$180,951$0$0$0
SAMUEL MCMAKIN
CHIEF OPERATING OFFICER$172,741$0$0$0$0$0$0$0$6,910$0$179,651$0$0$0
JOSEPH OLLENDICK
CHIEF TECHNICAL OFFICER$150,385$0$0$0$0$0$0$0$5,754$0$156,139$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6MEMBER BBBS OF IABBB SEPARATELY INCORPORATED, INDEPENDENTLY FINANCED NON-PROFIT ORGANIZATIONS HAVING PURPOSES AND OBJECTS COMPATIBLE WITH THOSE OF IABBB.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS ELECT THE BOARD AND ADOPT AMENDMENTS TO THE BYLAWS.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE IRS FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND IS SHARED WITH THE EXECUTIVE DIRECTOR AND GOVERNING BODY PRIOR TO ITS SUBMISSION TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE IABBB BOARD MEMBERS ARE ANNUALLY ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THE GENERAL COUNSEL REVIEWS ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST AND DISCUSSES THE POTENTIAL CONFLICT AND ANY APPROPRIATE RESPONSIVE ACTIONS WITH AFFECTED DIRECTORS. MEETING MINUTES WILL DISCLOSE ANY POTENTIAL CONFLICT RELATING TO A PARTICULAR MATTER BEFORE THE BOARD, INCLUDING AN INDICATION THAT THE INTERESTED DIRECTOR DID NOT PARTICIPATE IN ANY VOTE ON THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15THE PROCESS FOR SETTING THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS AS FOLLOWS: THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BASED ON A COMPENSATION STUDY DONE EVERY FEW YEARS, OR AS NEEDED, IF SIGNIFICANT MARKET CHANGES OCCUR. THE EXECUTIVE DIRECTOR'S PROPOSED COMPENSATION IS THEN REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE, AND DOCUMENTED IN THE COMMITTEE'S MINUTES. THE PROCESS FOR SETTING THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS AS FOLLOWS: THEIR SALARIES ARE DETERMINED BASED ON A COMPENSATION STUDY DONE EVERY FEW YEARS, OR AS NEEDED, IF SIGNIFICANT MARKET CHANGES OCCUR. THEIR PROPOSED COMPENSATION IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND DOCUMENTED IN THE HR RECORDS.
FORM 990, PART VI, SECTION C, LINE 19IABBB AUDITED FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTING 1,491,727. RECRUITING SERVICES 130,000.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
BBB INSTITUTE FOR MARKETPLACE TRUST
4250 NORTH FAIRFAX DRIVE STE 600ARLINGTONVA22203208814392TO FOSTER CONSUMER TRUST AND ETHICAL MARKETPLACE BEHAVIORVA501(C)(3)LINE 7INTERNATIONAL ASSOCIATION OF BETTER BUSINESS BUREAUS INCYes (1)
BBB NATIONAL PROGRAMS INC
1676 INTERNATIONAL DRIVE STE 550MCLEANVA22102833302514TO FOSTER TRUST, INNOVATION, AND COMPETITION IN THE MARKETPLACEVA501(C)(6)0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
BBB INSTITUTE FOR MARKETPLACE TRUST
Q$470,673CASH VALUE
BBB INSTITUTE FOR MARKETPLACE TRUST
O$161,963CASH VALUE, ALLOCATED EXPENSE
BBB INSTITUTE FOR MARKETPLACE TRUST
B$320,920CASH VALUE
BBB INSTITUTE FOR MARKETPLACE TRUST
C$329,603CASH VALUE