BBB INSTITUTE FOR MARKETPLACE TRUST

EIN: 208814392 501(c)(3) Community Improvement

ARLINGTON, VA

Total Revenue
$1,555,960
Total Expenses
$1,200,456
Total Assets
$852,191
Net Assets
$707,612
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
MELISSA LANNING
Phone
7032479374
Tax Period
2024-01-01 to 2024-12-31

BBB INSTITUTE FOR MARKETPLACE TRUST, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $356K, a strong 23% operating margin.

Mission

THE BBB INSTITUTE'S MISSION IS TO ADVANCE MARKETPLACE TRUST THROUGH EDUCATION, INNOVATION, AND COLLABORATION WITH OUR NETWORK OF BBBS AND PARTNERS. THIS IS ACCOMPLISHED THROUGH RESEARCH THAT CHALLENGES ASSUMPTIONS AND DELIVERS NEW INSIGHTS ABOUT SCAMS, FRAUD, AND OTHER MARKETPLACE THREATS; CONSUMER EDUCATION RESOURCES, PROGRAMS, AND CAMPAIGNS THAT EMPOWER THE PUBLIC, INCLUDING VULNERABLE POPULATIONS, TO CHOOSE BETTER BUSINESSES AND AVOID SCAMS; PARTNERSHIPS WITH INDUSTRY EXPERTS AND STAKEHOLDERS FROM THE PUBLIC AND PRIVATE SECTORS TO CREATE INNOVATIVE RESOURCES AND PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $588,988

BBB SCAM TRACKER & BBB SCAM SURVIVAL TOOLKIT: BBB SCAM TRACKER IS AN ONLINE TOOL THAT ENABLES CONSUMERS TO REPORT SCAM ACTIVITY. FOLLOWING THE UPGRADE IN 2022, BBB INSTITUTE CONTINUES TO EXPAND THE...

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BBB SCAM TRACKER & BBB SCAM SURVIVAL TOOLKIT: BBB SCAM TRACKER IS AN ONLINE TOOL THAT ENABLES CONSUMERS TO REPORT SCAM ACTIVITY. FOLLOWING THE UPGRADE IN 2022, BBB INSTITUTE CONTINUES TO EXPAND THE FEATURES OF THE PLATFORM TO HELP PROTECT THE GENERAL PUBLIC. IN 2024, WE LAUNCHED THE BBB SCAM SURVIVAL TOOLKIT (BBB.ORG/SCAMSURVIVALKIT) IN PARTNERSHIP WITH AMAZON AND CAPITAL ONE. THIS TOOLKIT CONNECTS SCAM SURVIVORS WITH THE RESOURCES THEY NEED TO RESTORE THEIR FINANCIAL, MENTAL, AND EMOTIONAL WELL-BEING. A BETA VERSION OF THE WEBSITE WAS LAUNCHED IN DECEMBER 2023.

Program 2
Expenses: $127,359

FIGHTING FINANCIAL FRAUD: BBB INSTITUTE PARTNERED WITH THE FINRA INVESTOR EDUCATION FOUNDATION TO DELIVER THE FIGHTING FINANCIAL FRAUD PROGRAM, A TRAIN-THE-TRAINER PROGRAM FOR BBBS WHO TEACH PEOPLE...

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FIGHTING FINANCIAL FRAUD: BBB INSTITUTE PARTNERED WITH THE FINRA INVESTOR EDUCATION FOUNDATION TO DELIVER THE FIGHTING FINANCIAL FRAUD PROGRAM, A TRAIN-THE-TRAINER PROGRAM FOR BBBS WHO TEACH PEOPLE HOW TO SPOT THE SIGNS OF A FINANCIAL SCAM, RECOGNIZE SCAMMER BEHAVIORS, AND KNOW WHERE TO GO TO VERIFY LEGITIMATE INVESTMENT PROFESSIONALS/BROKERS.

Program 3
Expenses: $115,823

RESEARCH (BBB SCAM TRACKER RISK REPORT AND MARKETPLACE CHALLENGES FACING THE MILITARY COMMUNITY ): BBB INSTITUTE PUBLISHED TWO RESEARCH REPORTS IN 2024. THE BBB SCAM TRACKER RISK REPORT ANALYZES ALL...

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RESEARCH (BBB SCAM TRACKER RISK REPORT AND MARKETPLACE CHALLENGES FACING THE MILITARY COMMUNITY ): BBB INSTITUTE PUBLISHED TWO RESEARCH REPORTS IN 2024. THE BBB SCAM TRACKER RISK REPORT ANALYZES ALL SCAM REPORTS SUBMITTED TO BBB SCAM TRACKER IN 2024, HIGHLIGHTING HOW SCAMS ARE PERPETRATED, WHO IS BEING TARGETED, WHICH SCAMS HAVE THE BIGGEST IMPACT, AND MORE. MARKETPLACE CHALLENGES FACING THE MILITARY COMMUNITY, PUBLISHED IN PARTNERSHIP WITH THE ASSOCIATION OF MILITARY BANKS OF AMERICA (AMBA) AND ZELLE, HIGHLIGHTED THE UNIQUE MARKETPLACE CHALLENGES FACING MILITARY CONSUMERS (SERVICE MEMBERS, THEIR FAMILIES, AND VETERANS).

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,542,575
Program Service Revenue $0
Investment Income $13,385
Other Revenue $0
TOTAL REVENUE $1,555,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $558,437
Fundraising Expenses $89,583
Program Expenses $1,049,646
Other Expenses $642,019
TOTAL EXPENSES $1,200,456

Year-over-Year Comparison

2024 2023 Change
Revenue $1,555,960 $803,611 +0.9%
Expenses $1,200,456 $866,041 +0.4%
Net Income $355,504 $-62,430 -6.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$187,612
Total Directors
7
$0
Key Employees
6
$1,527,822
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN ARTHUR SECRETARY 1.00
Officer Director
$0 $0 $0
ROD DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
ARIC PERMINTER BOARD MEMBER 1.00
Director
$0 $0 $0
PARAG SHAH CHAIRMAN 1.00
Officer Director
$0 $0 $0
JONATHAN LIEBERT BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW FEHLING BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN LEPPER BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA LANNING EXECUTIVE DIRECTOR 35.00
Officer
$143,776 $43,836 $187,612
CHRISTOPHER MORSE CEO OF IABB AND EX OFFICIO 1.00
Key Emp
$0 $15,921 $392,821
CHRISTY PAGE COO 1.00
Key Emp
$0 $9,584 $230,471
JOSEPH OLLENDICK CHIEF TECHNOLOGY OFFICER 0.00
Key Emp
$0 $35,679 $254,869
SAMUEL MCMAKIN SENIOR DIRECTOR OF OPERATIONS 1.00
Key Emp
$0 $25,665 $207,558
RUBENS PESSANHA FILHO CHIEF KNOWLEDGE OFFICER 2.00
Key Emp
$0 $35,979 $238,902
ANGELA ISABELL TAYLOR GENERAL COUNSEL 1.00
Key Emp
$0 $22,518 $203,201
ERIC HABERMAS CHIEF MARKETING OFFICER 1.00
Highest
$0 $32,628 $212,362
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,555,960 $1,200,456 $852,191 $355,504
2023 $803,611 $866,041 $677,165 $-62,430
2022 $736,250 $646,631 $832,189 $89,619
2021 $657,545 $545,810 $659,524 $111,735
2020 $716,879 $725,280 $542,787 $-8,401
2019 $726,398 $593,050 $692,258 $133,348
2018 $818,290 $818,290 $88,237 No data
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