2021-11-15T16:32:17-06:00 2020-12-31 135381590 BDO USA LLP 800 RED BROOK BLVD SUITE 300 OWINGS MILLS MD 21117 990 2020-01-01 833454617 INTERNATIONAL ASSOCIATION OF BETTER BUSINESS BUREAUS INC INTE 7032760100 4250 NORTH FAIRFAX DRIVE NO 600 ARLINGTON VA 22203 CHRISTY PAGE CHIEF FINANCIAL OFFICER 7032479339 2021-11-15 1 CHRISTY PAGE 999009999 BRIAN J RAY P01278507 4103633200 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTY PAGE 4250 NORTH FAIRFAX DRIVE NO 600 ARLINGTON VA 22203 13078598 0 X WWW.BBB.ORG X 2019 DE THE 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. 11 11 53 29 0 0 10340902 10000 7840177 12975112 66406 52398 0 41088 18247485 13078598 10000 320920 0 0 3247530 5779467 0 0 0 4118933 6134946 7376463 12235333 10871022 843265 11790632 13160929 693466 825494 11097166 12335435 X THE 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. 0 0 PROMOTE 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. IABBB 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. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 53 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 VA X CHRISTY PAGE 7032760100 4250 NORTH FAIRFAX DRIVE SUITE 600 ARLINGTON VA 22203 JIM HEGARTY CHAIR 1.00 1.00 X X 0 0 0 JAY NEWMAN VICE CHAIR 1.00 X X 0 0 0 WARREN CLARK TREASURER 1.00 X X 0 0 0 JANET ROBB SECRETARY 1.00 X X 0 0 0 MICHELLE COREY DIRECTOR 1.00 X 0 0 0 JOCILE EHRLICH DIRECTOR 1.00 X 0 0 0 JOHN NORTH DIRECTOR 1.00 X 0 0 0 HOLLY SALMONS DIRECTOR 1.00 X 0 0 0 KIM STATES DIRECTOR 1.00 X 0 0 0 JULIE WHEELER DIRECTOR 1.00 X 0 0 0 ERIC REICIN EX OFFICIO 1.00 35.00 X 0 0 0 JIM TEMMER DIRECTOR 1.00 X 0 0 0 COLLEEN RUDIO EX OFFICIO/PRESIDENT & CEO 34.00 1.00 X 363463 0 1731 RICHARD WOODS VICE PRESIDENT & GENERAL C 33.00 2.00 X 233031 0 9321 CHRISTY PAGE CHIEF FINANCIAL OFFICER 35.00 X 136082 0 4760 SAMUEL MCMAKIN CHIEF OPERATING OFFICER 35.00 X 172741 0 6910 JOSEPH OLLENDICK CHIEF TECHNICAL OFFICER 35.00 X 150385 0 5754 MELISSA TRUMPOWER EX OFFICIO/EXECUTIVE DIREC 1.00 35.00 X 0 139865 5594 STEVE SALTER CHIEF DEVELOPMENT OFFICER 35.00 X 201108 0 8044 KATHERINE HUTT CHIEF COMMUNICATIONS OFFIC 35.00 X 181731 0 7108 RUBENS PESSANHA FILHO SENIOR DIRECTOR R&D 35.00 X 176538 0 4413 1615079 139865 53635 8 0 1 0 M-THEORY CONSULTING GROUP 6171 W CENTURY BLVD STE 350 LOS ANGELES CA 90045 IT SYSTEMS AND DESIGN SUPPORT 790140 ACCENTURE LLP 161 N CLARK STREET CHICAGO IL 60601 CONSULTING 619452 THERMOPYLAE SCEINCES & TECHNOLOGY LLC 1911 N FORTH MYER DR SUITE 700 ARLINGTON VA 22209 IT SYSTEMS AND DESIGN SUPPORT 211403 KOYA LEADERSHIP PARTNERS PO BOX 279 NEWBURYPORT MA 01950 RECRUITING 130000 VALINTRY SERVICES 1201 ORLANDO AVENUE SUITE 440 WINTER PARK FL 32789 IT SYSTEMS AND DESIGN SUPPORT 124800 8 10000 10000 DUES 561439 12808356 12808356 CONTRACT REV 561439 86751 86751 SUBSCRIPTION REVENUE 561439 52151 52151 LICENSING FEES 561439 25000 25000 PROGRAM REV 561439 2854 2854 12975112 48655 48655 3743 0 3743 3743 3743 OTHER REVENUE 900099 41088 41088 41088 13078598 13016200 0 52398 X 320920 1084178 3778896 163538 390648 362207 148893 30376 24060 1621727 54981 48416 873514 133362 108690 31048 3136 329830 471919 LICENSE AND SUBSCRIPTIO 1991963 BAD DEBT 135000 MISCELLANEOUS 77189 PAYROLL PROCESSING FEES 41509 9333 12235333 3380112 4280398 804294 1051934 386378 326634 2653792 3265737 4566056 4236226 11790632 13160929 658690 746399 28430 79095 6346 0 693466 825494 X 11097166 12335435 11097166 12335435 11790632 13160929 843265 395004 0 X X 0 1 X 1 0 0 1 0 0 X 13762913 395004 400122 795126 12967787 110811 110811 13078598 12528882 725280 725280 11803602 431731 431731 12235333 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. 1 BBB INSTITUTE FOR MARKETPLACE TRUST 4250 NORTH FAIRFAX DRIVE SUITE 600 ARLINGTON VA 22203 208814392 501(C)(3) 320920 CASH VALUE TO SUPPORT GENERAL OPERATIONS 1 X X X 0 0 0 COLLEEN RUDIO EX OFFICIO/PRESIDENT & CEO 363463 0 0 0 0 0 0 0 1731 0 365194 0 0 0 RICHARD WOODS VICE PRESIDENT & GENERAL C 233031 0 0 0 0 0 0 0 9321 0 242352 0 0 0 STEVE SALTER CHIEF DEVELOPMENT OFFICER 201108 0 0 0 0 0 0 0 8044 0 209152 0 0 0 KATHERINE HUTT CHIEF COMMUNICATIONS OFFIC 181731 0 0 0 0 0 0 0 7108 0 188839 0 0 0 RUBENS PESSANHA FILHO SENIOR DIRECTOR R&D 176538 0 0 0 0 0 0 0 4413 0 180951 0 0 0 SAMUEL MCMAKIN CHIEF OPERATING OFFICER 172741 0 0 0 0 0 0 0 6910 0 179651 0 0 0 JOSEPH OLLENDICK CHIEF TECHNICAL OFFICER 150385 0 0 0 0 0 0 0 5754 0 156139 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBER 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 7A MEMBERS ELECT THE BOARD AND ADOPT AMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A 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 12C THE 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 15 THE 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 19 IABBB AUDITED FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING 1,491,727. RECRUITING SERVICES 130,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BBB INSTITUTE FOR MARKETPLACE TRUST 4250 NORTH FAIRFAX DRIVE STE 600 ARLINGTON VA 22203 208814392 TO FOSTER CONSUMER TRUST AND ETHICAL MARKETPLACE BEHAVIOR VA 501(C)(3) LINE 7 INTERNATIONAL ASSOCIATION OF BETTER BUSINESS BUREAUS INC 1 BBB NATIONAL PROGRAMS INC 1676 INTERNATIONAL DRIVE STE 550 MCLEAN VA 22102 833302514 TO FOSTER TRUST, INNOVATION, AND COMPETITION IN THE MARKETPLACE VA 501(C)(6) 0 0 1 0 1 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 BBB INSTITUTE FOR MARKETPLACE TRUST Q 470673 CASH VALUE BBB INSTITUTE FOR MARKETPLACE TRUST O 161963 CASH VALUE, ALLOCATED EXPENSE BBB INSTITUTE FOR MARKETPLACE TRUST B 320920 CASH VALUE BBB INSTITUTE FOR MARKETPLACE TRUST C 329603 CASH VALUE