2022-09-14T12:46:10-07:00 2021-12-31 208209116 Saunders & Associates PLLC 630 East 17th Street Ada OK 74820 990 2021-01-01 730147260 Better Business Bureau of Central Oklahoma Inc BETT 4052396081 17 S Dewey Ave OKC OK 73102 Kitt Letcher President & CEO 2022-09-14 true Kitt Letcher 999009999 Gloria J Chace CPA P01391497 5803328548 2 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z Kitt Letcher PresCEO 1837929 false X oklahomacitybbb.org X 1971 OK 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. 15 15 27 0 0 1707159 1822028 2262 657 8466 15244 1717887 1837929 0 0 1137315 1229388 0 0 540048 537266 1677363 1766654 40524 71275 1740630 1736337 181321 105753 1559309 1630584 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. false false 1430990 1822028 BBB furnishes information concerning the reliability of business firms and pertinent information on charities by phone, in person, fax, and the internet to assist consumers in making informed pre-purchase decisions and whether or not to do business with companies or contribute to soliciting charities.BBB serves as a conciliator in market place disputes for the purpose of helping resolve disputes (eliminating the need for resolutions in court) and for the purpose of gathering information on companies for reporting to the public.BBB also develops file reports on business firms and charity solicitors through investigative advertising review and shopping. 1430990 false false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 true 27 true false false false false false false false false X 15 15 false false false false false false true true true false false true true true true true true true true false OK X Kitt Letcher 4052365292 17 S Dewey Ave OKC OK 73102 Kitt Letcher President & CEO 40.00 0.00 X 148400 0 0 Bill Leeper Member 1.00 0.00 X 0 0 0 David Brookshire Member 1.00 0.00 X 0 0 0 Claude Drabek Member 1.00 0.00 X 0 0 0 Jeremiah Bryant Member 1.00 0.00 X 0 0 0 Kermit Frank Member 1.00 0.00 X 0 0 0 Stacy Eads Member 1.00 0.00 X 0 0 0 Peggy Phillips Member 1.00 0.00 X 0 0 0 Stephen Ball Member 1.00 0.00 X 0 0 0 Kevin Wellfare Member 1.00 0.00 X 0 0 0 Amy Downs Member 1.00 0.00 X 0 0 0 Don White Member 1.00 0.00 X 0 0 0 Jill Merritt Vice Chair 1.00 0.00 X 0 0 0 Dawn Holsted Chairman 1.00 0.00 X 0 0 0 Kelly Masters-Newton Past Chairman 1.00 0.00 X 0 0 0 Michael Kloiber Sec / Treasurer 1.00 0.00 X 0 0 0 148400 1 false false false 0 0 CBBB/Arbitration Reimb. 813910 Member Processing Fees 813910 33464 33464 Membership Dues 813910 1788564 1788564 1822028 657 657 0 0 0 0 0 0 0 Other 900099 15244 15244 15244 1837929 1837272 657 0 0 0 0 148400 120204 28196 0 891598 722195 169403 24106 19526 4580 84848 68727 16121 80436 65153 15283 0 0 0 0 0 0 36064 29212 6852 39569 32051 7518 58683 47533 11150 78151 63302 14849 0 23320 18889 4431 215 174 41 0 18421 14921 3500 3979 3223 756 94619 76641 17978 53515 43347 10168 18819 15243 3576 Bank Charges & Processing Fees 52114 42213 9901 Dues & Subscription 32399 26244 6155 AB/Community Programs 17034 13798 3236 Other 10364 8394 1970 0 1766654 1430990 335664 0 56274 71567 108845 109501 0 407066 440338 0 0 0 0 4955 4956 1666412 556437 1163490 1109975 0 0 0 0 0 1740630 1736337 28033 19912 31436 33812 121852 52029 181321 105753 X 1559309 1630584 1559309 1630584 1740630 1736337 71275 X false true X true false 48888 48888 1399794 387684 1012110 217730 168753 48977 1109975 X 1837929 1837929 1837929 1766654 1766654 1766654 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. 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.