Civic Intelligence

Better Business Bureau of Central Oklahoma Inc

990 • Fiscal year 2021 • EIN 73-0147260

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 14, 2022

Organization Profileoklahomacitybbb.org

View Organization Page

17 S Dewey AveOkc, OK 73102

(405) 239-6081

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.06x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.06x

Higher debt load relative to revenue than 29% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

3.9%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$148,400

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

18th percentile

-0.2%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

46th percentile

7.0%

Faster revenue growth than 46% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$1,736,337

Down $4,293 (-0.2%) from 2020

Net Assets

Up

$1,630,584

Up $71,275 (+4.6%) from 2020

Liabilities

Down

$105,753

Down $75,568 (-42%) from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin31st percentile

Revenue

Up

$1,837,929

Up $120,042 (+7.0%) from 2020

Expenses

Up

$1,766,654

Up $89,291 (+5.3%) from 2020

Net Income

Up

$71,275

Up $30,751 (+76%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $691,314Liabilities 2010: $7,464Net Assets 2010: $683,8502010Assets 2011: $809,399Liabilities 2011: $2,096Net Assets 2011: $807,3032011Assets 2012: $798,517Liabilities 2012: $4,470Net Assets 2012: $794,0472012Assets 2013: $1,038,303Liabilities 2013: $8,278Net Assets 2013: $1,030,0252013Assets 2014: $1,040,383Liabilities 2014: $2,796Net Assets 2014: $1,037,5872014Assets 2015: $1,320,752Liabilities 2015: $231,047Net Assets 2015: $1,089,7052015Assets 2016: $1,978,906Liabilities 2016: $786,306Net Assets 2016: $1,192,6002016Assets 2017: $1,941,007Liabilities 2017: $601,469Net Assets 2017: $1,339,5382017Assets 2018: $2,035,436Liabilities 2018: $580,795Net Assets 2018: $1,454,6412018Assets 2019: $1,755,649Liabilities 2019: $236,864Net Assets 2019: $1,518,7852019Assets 2020: $1,740,630Liabilities 2020: $181,321Net Assets 2020: $1,559,3092020Assets 2021: $1,736,337Liabilities 2021: $105,753Net Assets 2021: $1,630,5842021Assets 2022: $1,993,497Liabilities 2022: $79,047Net Assets 2022: $1,914,4502022Assets 2023: $2,241,824Liabilities 2023: $445,921Net Assets 2023: $1,795,9032023Assets 2024: $2,192,449Liabilities 2024: $545,016Net Assets 2024: $1,647,4332024

Highlighted filing

2021

Assets$1,736,337
Liabilities$105,753
Net Assets$1,630,584
Open 2021 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $719,3572010Expenses 2011: $705,8452011Expenses 2012: $907,2552012Revenue 2013: $977,283Expenses 2013: $741,305Net Income 2013: $235,9782013Revenue 2014: $1,009,394Expenses 2014: $1,001,832Net Income 2014: $7,5622014Revenue 2015: $1,112,069Expenses 2015: $1,059,951Net Income 2015: $52,1182015Revenue 2016: $1,220,857Expenses 2016: $1,117,962Net Income 2016: $102,8952016Revenue 2017: $1,559,993Expenses 2017: $1,413,055Net Income 2017: $146,9382017Revenue 2018: $1,639,489Expenses 2018: $1,524,386Net Income 2018: $115,1032018Revenue 2019: $1,767,358Expenses 2019: $1,617,006Net Income 2019: $150,3522019Revenue 2020: $1,717,887Expenses 2020: $1,677,363Net Income 2020: $40,5242020Revenue 2021: $1,837,929Expenses 2021: $1,766,654Net Income 2021: $71,2752021Revenue 2022: $2,171,895Expenses 2022: $1,888,029Net Income 2022: $283,8662022Revenue 2023: $1,845,442Expenses 2023: $1,963,989Net Income 2023: -$118,5472023Revenue 2024: $2,124,221Expenses 2024: $2,271,420Net Income 2024: -$147,1992024

Highlighted filing

2021

Revenue$1,837,929
Expenses$1,766,654
Net Income$71,275
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 14, 2022
Return Version
2021v4.0
Gross Receipts
$1,837,929
Mission and Program Overview

Mission

Better Business Bureau of Central Oklahoma is a source of unbiased information for both consumers and businesses about the integrity and reliability of local businesses. BBB of Central Oklahoma has a service area of 54 counties, serving over 2 million residents and over 58,000 businesses in the state of Oklahoma.

Better Business Bureau of Central Oklahoma is a source of unbiased information for both consumers and businesses about the integrity and reliability of local businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,163,490$1,109,975▼ $53,515
Accounts Receivable$407,066$440,338▲ $33,272
Savings and Temporary Cash Investments$108,845$109,501▲ $656
Cash and Non-Interest-Bearing Accounts$56,274$71,567▲ $15,293
Prepaid Expenses and Deferred Charges$4,955$4,956▲ $1
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,740,630$1,736,337▼ $4,293
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$121,852$52,029▼ $69,823
Deferred Revenue$31,436$33,812▲ $2,376
Accounts Payable and Accrued Expenses$28,033$19,912▼ $8,121
Total Liabilities$181,321$105,753▼ $75,568
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,559,309$1,630,584▲ $71,275
Total Net Assets Fund Balance$1,559,309$1,630,584▲ $71,275
Total Liabilities and Net Assets / Fund Balance$1,740,630$1,736,337▼ $4,293

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,012,110$387,684$1,399,794
Equipment$48,977$168,753$217,730
Land$48,888-$48,888
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kitt LetcherPresident & CEOFT$148,400$148,400

Board Members and Trustees

NameTitle
Dawn HolstedChairman
Kelly Masters-NewtonPast Chairman
Jill MerrittVice Chair
Amy DownsMember
Bill LeeperMember
Claude DrabekMember
David BrookshireMember
Don WhiteMember
Jeremiah BryantMember
Kermit FrankMember
Kevin WellfareMember
Peggy PhillipsMember
Stacy EadsMember
Stephen BallMember
Michael KloiberSec / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,822,028
Investment Income
$657
Other Revenue
$15,244
Change in Net Assets
$71,275

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,837,929
Total Revenue per Audited Statements
$1,837,929
Total Revenue per Form 990
$1,837,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,229,388
Other Expenses$537,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$722,195$169,403-$891,598
Current Officers, Directors, Trustees, and Key Employees$120,204$28,196-$148,400
Payments to Affiliates$76,641$17,978-$94,619
Other Employee Benefits$68,727$16,121-$84,848
Payroll Taxes$65,153$15,283-$80,436
Information Technology$63,302$14,849-$78,151
Office Expenses$47,533$11,150-$58,683
Depreciation Depletion$43,347$10,168-$53,515
Advertising$32,051$7,518-$39,569
Fees for Services Other$29,212$6,852-$36,064
Pension Plan Contributions$19,526$4,580-$24,106
Occupancy$18,889$4,431-$23,320
Insurance$15,243$3,576-$18,819
Conferences and Meetings$14,921$3,500-$18,421
Other Expenses$8,394$1,970-$10,364
Interest$3,223$756-$3,979
Travel$174$41-$215
Total Functional Expenses$1,430,990$335,664$0$1,766,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,766,654
Total Expenses per Audited Statements$1,766,654
Total Expenses per Form 990$1,766,654
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“International Association of the Better Business Bureau (IABBB) oversees actions of all BBB within North America. BBB must comply with IABBB to maintain its charter as part of the organization.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of form 990 prepared by the independent accountant is sent to the president to review and distribute to the executive board for approval before filing. The president signs the tax return. The 990 is reviewed at the next scheduled full board meeting and a copy is sent to IABBB. The president has the authority to conduct all financial matters on behalf of the board of directors and represents the organization in all business matters, including the authority to sign contracts, file government forms, conduct and execute payroll or other distribution of funds with the full authority of the board.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members are required to sign conflict of interest statements each year. During board meetings there is a review of possible conflicts of interest that may arise. At this time a solution is proposed on how to handle the conflict of interest.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“On an annual basis, the board reviews the performance of the president and approves salary and bonus.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The documents are made available upon written request.”

Filing and Contact Details

Filer

Filer Name
Better Business Bureau of Central
EIN
73-0147260
Phone
4052396081
Address
17 S Dewey Ave, OKC, OK 73102

Signing Officer

Name
Kitt Letcher
Title
President & CEO
Signed
2022-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kitt Letcher PresCEO
Formed
1971
Legal Domicile
Ok
Voting Board Members
15
Independent Board Members
15
Employees
27

Preparer

Firm
Saunders & Associates PLLC
Address
630 East 17th Street, Ada, OK 74820
Preparer
Gloria J Chace CPA
Phone
5803328548
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Income Taxes and Uncertain Tax Positions Income Tax Status BBB is a not-for-profit corporation exempt from income taxes on income related to its exempt purpose under Section 501(c)(6) of the Internal Revenue Code and is subject to a tax on income from any unrelated business, as defined by Section 509(a)(1) of the Code. There are no unrelated business activities that would trigger a tax liability. Accordingly, no provision for income taxes as been made in the accompanying financial statements.BBB has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely-than-not be sustained upon examinations by taxing authorities. The organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the organizations financial condition, results of operations, or cash flows. Furthermore, the organization is subject to routine audits by federal and state taxing authorities. Federal and state tax statutes stipulate that tax returns filed in any of the previous three reporting periods remain open to examination. Currently, there are no open examinations with the Internal Revenue Service or the Oklahoma Tax Commission.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt15Sec / Treasurer
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToOrganizationsInd0false
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt014849
IRS990/InformationTechnologyGrp/ProgramServicesAmt063302
IRS990/InformationTechnologyGrp/TotalAmt078151
IRS990/InsuranceGrp/ManagementAndGeneralAmt03576
IRS990/InsuranceGrp/ProgramServicesAmt015243
IRS990/InsuranceGrp/TotalAmt018819
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0756
IRS990/InterestGrp/ProgramServicesAmt03223
IRS990/InterestGrp/TotalAmt03979
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0657
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0657
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0556437
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01163490
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01109975
IRS990/LandBldgEquipCostOrOtherBssAmt01666412
IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Better Business Bureau of Central Oklahoma is a source of unbiased information for both consumers and businesses about the integrity and reliability of local businesses. BBB of Central Oklahoma has a service area of 54 counties, serving over 2 million residents and over 58,000 businesses in the state of Oklahoma.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0121852
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt052029
IRS990/NetAssetsOrFundBalancesBOYAmt01559309
IRS990/NetAssetsOrFundBalancesEOYAmt01630584
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01559309
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01630584
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04431
IRS990/OccupancyGrp/ProgramServicesAmt018889
IRS990/OccupancyGrp/TotalAmt023320
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011150
IRS990/OfficeExpensesGrp/ProgramServicesAmt047533
IRS990/OfficeExpensesGrp/TotalAmt058683
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016121
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt068727
IRS990/OtherEmployeeBenefitsGrp/TotalAmt084848
IRS990/OtherExpensesGrp/Desc0Bank Charges & Processing Fees
IRS990/OtherExpensesGrp/Desc1Dues & Subscription
IRS990/OtherExpensesGrp/Desc2AB/Community Programs
IRS990/OtherExpensesGrp/Desc3Other
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09901
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16155
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31970
IRS990/OtherExpensesGrp/ProgramServicesAmt042213
IRS990/OtherExpensesGrp/ProgramServicesAmt126244
IRS990/OtherExpensesGrp/ProgramServicesAmt213798
IRS990/OtherExpensesGrp/ProgramServicesAmt38394
IRS990/OtherExpensesGrp/TotalAmt052114
IRS990/OtherExpensesGrp/TotalAmt132399
IRS990/OtherExpensesGrp/TotalAmt217034
IRS990/OtherExpensesGrp/TotalAmt310364
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015244
IRS990/OtherRevenueTotalAmt015244
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169403
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0722195
IRS990/OtherSalariesAndWagesGrp/TotalAmt0891598
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt017978
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt076641
IRS990/PaymentsToAffiliatesGrp/TotalAmt094619
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015283
IRS990/PayrollTaxesGrp/ProgramServicesAmt065153
IRS990/PayrollTaxesGrp/TotalAmt080436
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04580
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019526
IRS990/PensionPlanContributionsGrp/TotalAmt024106
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04955
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04956
IRS990/PrincipalOfficerNm0Kitt Letcher PresCEO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0813910
IRS990/ProgramServiceRevenueGrp/BusinessCd1813910
IRS990/ProgramServiceRevenueGrp/BusinessCd2813910
IRS990/ProgramServiceRevenueGrp/Desc0CBBB/Arbitration Reimb.
IRS990/ProgramServiceRevenueGrp/Desc1Member Processing Fees
IRS990/ProgramServiceRevenueGrp/Desc2Membership Dues
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11788564
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11788564
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0540048
IRS990/PYOtherRevenueAmt08466
IRS990/PYProgramServiceRevenueAmt01707159
IRS990/PYRevenuesLessExpensesAmt040524
IRS990/PYSalariesCompEmpBnftPaidAmt01137315
IRS990/PYTotalExpensesAmt01677363
IRS990/PYTotalRevenueAmt01717887
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt071275
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01822028
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108845
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0109501
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01012110
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0387684
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01399794
IRS990ScheduleD/EquipmentGrp/BookValueAmt048977
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0217730
IRS990ScheduleD/ExpensesSubtotalAmt01766654
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt048888
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt048888
IRS990ScheduleD/RevenueSubtotalAmt01837929
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income Taxes and Uncertain Tax Positions Income Tax Status BBB is a not-for-profit corporation exempt from income taxes on income related to its exempt purpose under Section 501(c)(6) of the Internal Revenue Code and is subject to a tax on income from any unrelated business, as defined by Section 509(a)(1) of the Code. There are no unrelated business activities that would trigger a tax liability. Accordingly, no provision for income taxes as been made in the accompanying financial statements.BBB has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely-than-not be sustained upon examinations by taxing authorities. The organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the organizations financial condition, results of operations, or cash flows. Furthermore, the organization is subject to routine audits by federal and state taxing authorities. Federal and state tax statutes stipulate that tax returns filed in any of the previous three reporting periods remain open to examination. Currently, there are no open examinations with the Internal Revenue Service or the Oklahoma Tax Commission.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01109975
IRS990ScheduleD/TotalExpensesPerForm990Amt01766654
IRS990ScheduleD/TotalRevenuePerForm990Amt01837929
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01837929
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01766654
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0International Association of the Better Business Bureau (IABBB) oversees actions of all BBB within North America. BBB must comply with IABBB to maintain its charter as part of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of form 990 prepared by the independent accountant is sent to the president to review and distribute to the executive board for approval before filing. The president signs the tax return. The 990 is reviewed at the next scheduled full board meeting and a copy is sent to IABBB. The president has the authority to conduct all financial matters on behalf of the board of directors and represents the organization in all business matters, including the authority to sign contracts, file government forms, conduct and execute payroll or other distribution of funds with the full authority of the board.

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,736,337
Liabilities
$105,753
Net assets
$1,630,584
Revenue
$1,837,929
Expenses
$1,766,654
Net income
$71,275
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.55$1.65$2.12$2.27$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.45$1.80$1.85$1.96$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.08$1.91$2.17$1.89$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.11$1.63$1.84$1.77$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.18$1.56$1.72$1.68$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.76$0.24$1.52$1.77$1.62$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.58$1.45$1.64$1.52$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.60$1.34$1.56$1.41$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.98$0.79$1.19$1.22$1.12$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.23$1.09$1.11$1.06$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$1.01$1.00$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.04$0.01$1.03$0.98$0.74$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.79$0.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.00$0.81$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.01$0.68$0.72