Nonprofit · EIN 41-1298300
BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS
Tax-exempt · BURNSVILLE, MN 55337
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $174,083 | $65,975 | $108,108 | $580,931 | $30 | $580,901 |
| June 30, 2024 | 990-EZ | $175,913 | $110,007 | $65,906 | $470,395 | $30 | $470,365 |
| June 30, 2023 | 990-EZ | $196,165 | $147,185 | $48,980 | $400,711 | $11 | $400,700 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $132,681
- Program service revenue
- $33,020
- Investment income
- $8,382
- Net gain from sales of assets
- $1,431
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $261
- Program services (functional)
- $65,235
- Management and general (functional)
- $740
Balance sheet and other
- Total assets, start of year
- $470,395
- Total assets, end of year
- $580,931
- Total liabilities, end of year
- $30
- Net assets, end of year
- $580,901
- Publicly traded securities
- $48,457
- Net assets without donor restrictions
- $532,445
- Net assets with donor restrictions
- $48,456
- Gross receipts
- $174,083
- Employees
- 0
- Volunteers
- 38
- Year formed
- 1996
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Susan Adams Loyd | President & CEO (End 6/30/25) Officer | 4 | $0 | $336,403 | $51,142 |
| Ryan Sharp | VP of Finance and Accounting Officer | 5 | $0 | $146,776 | $12,345 |
| John Owens | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Andy Kocemba | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Louie Berezovsky | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kari Niedfeldt-Thomas | President & CEO (begin 6/30/25) Officer | 1 | $0 | $0 | $0 |
990-EZ for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barry Kirchoff | Board Chair | 1 | $0 |
| John Grant | Board Member | 1 | $0 |
| Kristen Stamman | Board Member | 1 | $0 |
| Mark Hanson | Board Member | 1 | $0 |
| Susan Adams Loyd | Board Member and President | 1 | $0 |
| Randy Park | Secretary | 1 | $0 |
| Tara Lashley | Vice Chair | 1 | $0 |
990-EZ for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Adams Loyd | Board Member and President | 1 | $0 |
| John Grant | Board Member | 1 | $0 |
| Mark Hanson | Board Member | 1 | $0 |
| Nancy Korsah | Board Member | 1 | $0 |
| Kristen Stamman | Board Member | 1 | $0 |
| Elisabeth Jemtrud | Executive Director | 20 | $0 |
| Barry Kirchoff | Board Chair | 1 | $0 |
| Tara Lashley | Vice Chair | 1 | $0 |
| Randy Park | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 220 S RIVER RIDGE CIR, BURNSVILLE, MN 55337-1610
- Principal officer (990 for 2024)
- Kari Niedfeldt-Thomas, 220 S River Ridge Circle, Burnsville, MN 55337
- Signed the 990
- Kari Niedfeldt-Thomas, President & CEO
- Phone
- (651) 695-2477
- Website
- www.bbb.org/minnesota/
- Return prepared by
- Abdo LLP
Mission
We work to ensure all consumers are empowered to choose better businesses and protect themselves from subpar marketplace behavior, and that all businesses have the resources and skills to succeed in the marketplace and become trustworthy businesses.
Program accomplishments
- To advance our mission, we recognize marketplace role models through BBB's annual Torch Awards for Ethics and award a Student of Integrity scholarship to high school seniors. We focus heavily on fraud prevention education, offering around 60 in-person and virtual programs for at-risk populations annually, including seniors and college students. Our initiatives include managing CAMF (Coalition Against Marketplace Fraud) and producing multilingual scam prevention materials. We also expand our impact through strategic partnerships with public and private organizations such as law enforcement in both Minnesota and North Dakota, the MN Secretary of State, Minneapolis Regional Chamber of Commerce, the Federal Trade Commission, and other regional business groups.Expenses $65,235 · grants $2,500 · revenue $33,020
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 41-1298300
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $580,931
- Income (IRS master file)
- $174,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $174,083 | $65,975 | $580,931 | XML |
| 990-EZ | June 2024 | $175,913 | $110,007 | $470,395 | XML |
| 990-EZ | June 2023 | $196,165 | $147,185 | $400,711 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1298300).
Questions about BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS
- What is the EIN of BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS?
- The employer identification number (EIN) of BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS is 41-1298300.
- Is BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS?
- The 990 for the year ended June 30, 2025 names Kari Niedfeldt-Thomas.
- Who are the officers and directors of BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does BETTER BUSINESS BUREAU INSTITUTE FOR MARKETPLACE ETHICS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $174,083, expenses of $65,975 and total assets of $580,931 at year end.
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