BETTER BUSINESS BUREAU OF MICHIGAN EDUCATIONAL FOUNDATION

EIN: 382532275 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$1,355,854
Total Expenses
$302,800
Total Assets
$1,346,521
Net Assets
$1,346,521
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MI
Principal Officer
LISA FROHNAPFEL
Phone
6167748236
Tax Period
2024-01-01 to 2024-12-31

BETTER BUSINESS BUREAU OF MICHIGAN EDUCATIONAL FOUNDATION, founded in 1983, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 242% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 78% operating margin.

Mission

TO EDUCATE, ENGAGE, AND INSPIRE THE CURRENT AND FUTURE WORKFORCES OF WESTERN MICHIGAN TO ACHIEVE SUCCESS BY EMBRACING THE POWER OF TRUST; TO PROVIDE INFORMATION AND RESOURCES TO NON-PROFITS AND DONORS IN WESTERN MICHIGAN TO ASSIST THEM IN BEST PRACTICES, TRANSPARENCY, AND MAKING KNOWLEDGEABLE CHOICES; TO EDUCATE ALL AGE GROUPS, PARTICULARLY SENIORS, ABOUT BEST PRACTICES TO AVOID SCAMS AND FRAUD.

Program Service Accomplishments

Program 1
Expenses: $118,634 Revenue: $1,000

PRESENTATIONS ARE PROVIDED TO STUDENTS AND GROUPS, EDUCATING THEM TO FRAUDS AND SCAMS, AND HOW TO AVOID THEM. FOUNDATION REPRESENTATIVES COLLABORATE WITH BUSINESSES AND NON-PROFITS TO IMPROVE THE...

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PRESENTATIONS ARE PROVIDED TO STUDENTS AND GROUPS, EDUCATING THEM TO FRAUDS AND SCAMS, AND HOW TO AVOID THEM. FOUNDATION REPRESENTATIVES COLLABORATE WITH BUSINESSES AND NON-PROFITS TO IMPROVE THE TRUST RELATIONSHIP IN OUR COMMUNITIES.BBB FOUNDATION ASSISTS PEOPLE TO ESTABLISH THEMSELVES FOR A MORE SUCCESSFUL LIFE, THROUGH EDUCATION ABOUT HOW THE FREE ENTERPRISE SYSTEM WORKS, AND NAVIGATING THE CONSUMER JOURNEY. BBB FOUNDATION LESSENS THE BURDENS OF GOVERNMENT THROUGH EDUCATION OF CONSUMERS AND DONORS, NON-PROFIT LEADERS, AND BUSINESS LEADERS TO IMPLEMENT BEST PRACTICES. THIS MEANS GOVERNMENT INTERVENTION IS NOT REQUIRED.

Program 2
Expenses: $100,015

CHARITY REVIEW GATHERS INFORMATION FROM AREA NON-PROFITS AND ACCREDITS THOSE THAT MEET THE 20 STANDARDS OF CHARITY ACCOUNTABILITY. THE ACCREDITATION PROCESS IS FREE OF CHARGE TO THE NON-PROFIT, AND...

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CHARITY REVIEW GATHERS INFORMATION FROM AREA NON-PROFITS AND ACCREDITS THOSE THAT MEET THE 20 STANDARDS OF CHARITY ACCOUNTABILITY. THE ACCREDITATION PROCESS IS FREE OF CHARGE TO THE NON-PROFIT, AND THE INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC AT NO CHARGE.

Program 3
Expenses: $16,395 Revenue: $10,500

THE BBB BEACON IS A QUARTERLY MAGAZINE PUBLISHED BY THE BETTER BUSINESS BUREAU SERVING WESTERN MICHIGAN EDUCATIONAL FOUNDATION. IT IS FULL OF INFORMATION TO HELP BUSINESSES GROW IN TRUST, PUTS THE...

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THE BBB BEACON IS A QUARTERLY MAGAZINE PUBLISHED BY THE BETTER BUSINESS BUREAU SERVING WESTERN MICHIGAN EDUCATIONAL FOUNDATION. IT IS FULL OF INFORMATION TO HELP BUSINESSES GROW IN TRUST, PUTS THE SPOTLIGHT ON ACCREDITED BUSINESSES, AND HIGHLIGHTS WAYS THE BBB CAN WORK FOR BUSINESSES. THE PRINT MAGAZINE IS DISTRIBUTED TO MORE THAN 5,000 ACCREDITED BUSINESS LOCATIONS THROUGHOUT THE 38 COUNTY SERVICE REGION

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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 $1,202,885
Program Service Revenue $11,500
Investment Income $0
Other Revenue $141,469
TOTAL REVENUE $1,355,854

Expense Breakdown

Grants Paid $7,501
Salaries & Benefits $0
Fundraising Expenses $2,904
Program Expenses $269,762
Other Expenses $295,299
TOTAL EXPENSES $302,800

Year-over-Year Comparison

2024 2023 Change
Revenue $1,355,854 $396,184 +2.4%
Expenses $302,800 $291,650 +0.0%
Net Income $1,053,054 $104,534 +9.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
6
$208,991
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL STAPLETON CHAIR 0.25
Officer Director
$0 $0 $0
DAN MORRISON VICE CHAIR 0.25
Officer Director
$0 $0 $0
DEREK STEELE TREASURER 0.25
Officer Director
$0 $0 $0
TINA KYGER SECRETARY 0.25
Officer Director
$0 $0 $0
ROB VAN SUILICHEM IMMEDIATE PAST CHAIR 0.25
Officer Director
$0 $0 $0
JESSICA ANN TYSON DIRECTOR 0.25
Director
$0 $0 $0
ADAM AUKERMAN DIRECTOR 0.25
Director
$0 $0 $0
LYNN CHEN-ZHANG DIRECTOR 0.25
Director
$0 $0 $0
TIM DYE DIRECTOR 0.25
Director
$0 $0 $0
MARCUS JACKSON DIRECTOR 0.25
Director
$0 $0 $0
ANDY KLINGER DIRECTOR 0.25
Director
$0 $0 $0
ANDREA OWENS DIRECTOR 0.25
Director
$0 $0 $0
ERIC PAYNE DIRECTOR 0.25
Director
$0 $0 $0
SARAH B RAYMOND DIRECTOR 0.25
Director
$0 $0 $0
JASON REYES DIRECTOR 0.25
Director
$0 $0 $0
JANET ZAHN DIRECTOR 0.25
Director
$0 $0 $0
LISA FROHNAPFEL PRESIDENT/CEO 20.00
Officer
$0 $13,727 $208,991
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 $1,355,854 $302,800 $1,346,521 $1,053,054
2023 $396,184 $291,650 $1,231,831 $104,534
2022 $313,022 $257,835 $1,140,747 $55,187
2021 $385,743 $306,347 $1,166,280 $79,396
2020 $418,894 $361,805 $1,185,249 $57,089
2019 $334,435 $261,780 $1,214,303 $72,655
2019 $334,435 $261,780 $1,214,303 $72,655
2018 $128,265 $211,854 $1,214,782 $-83,589
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