Nonprofit · EIN 41-1245489
BETTER BUSINESS BUREAU OF MINNESOTA INC
Tax-exempt · BURNSVILLE, MN 55337
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,331,658 | $5,600,732 | $1,730,926 | $7,310,082 | $2,082,236 | $5,227,846 |
| June 30, 2024 | 990 | $4,865,502 | $5,429,004 | -$563,502 | $6,724,779 | $3,454,272 | $3,270,507 |
| June 30, 2023 | 990 | $4,665,146 | $4,948,070 | -$282,924 | $6,121,237 | $2,901,305 | $3,219,932 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,957,593
- Investment income
- $2,374,065
- Net gain from sales of assets
- $1,313
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,328,565
- Other salaries and wages
- $2,061,742
- Salaries, compensation and benefits (total)
- $3,871,092
- Professional fundraising fees
- $0
- Legal fees
- $16,498
- Accounting fees
- $37,400
- Occupancy
- $289,328
- Depreciation
- $131,671
Balance sheet and other
- Total assets, start of year
- $6,724,779
- Total assets, end of year
- $7,310,082
- Total liabilities, end of year
- $2,082,236
- Net assets, end of year
- $5,227,846
- Land, buildings and equipment
- $2,470,712
- Publicly traded securities
- $2,360,915
- Net assets without donor restrictions
- $5,227,846
- Gross unrelated business income
- $118,286
- Gross receipts
- $7,331,658
- Employees
- 44
- Volunteers
- 0
- Year formed
- 1912
- 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 | Other / benefits |
|---|---|---|---|---|
| Susan Adams Loyd | President & CEO (End 6/30/2025) Officer | 36 | $336,403 | $51,142 |
| Chad Pedersen | VP of AB Development Officer | 20 | $181,366 | $14,783 |
| Julie Kiedrowski | VP of Operations Officer | 40 | $158,183 | $17,209 |
| Ryan Sharp | VP of Finance and Accounti Officer | 35 | $146,776 | $12,345 |
| Janet Fahey | VP of HR, Talent, and Trai Officer | 40 | $144,251 | $11,066 |
| Bao Vang | VP of Communications Officer | 40 | $117,028 | $22,830 |
| David Aafedt | Past Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Owens | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andy Kocemba | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jeff Baidoo | Board Member Trustee or director | 1 | $0 | $0 |
| Louis Berezovsky | Board Member Trustee or director | 1 | $0 | $0 |
| RC Colvin | Board Member Trustee or director | 1 | $0 | $0 |
| Rob Commers | Board Member Trustee or director | 1 | $0 | $0 |
| Julianna Copeland | Board Member Trustee or director | 1 | $0 | $0 |
| Michelle Kreidler Dove | Board Member Trustee or director | 1 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Osni Ferreira Filho | Board Member Trustee or director | 1 | $0 |
| Peter Gaetz | Board Member Trustee or director | 1 | $0 |
| Brent Hanson | Board Member Trustee or director | 1 | $0 |
| Janie Hanson | Board Member Trustee or director | 1 | $0 |
| Scott Hoss | Board Member Trustee or director | 1 | $0 |
| Tammylynne Jonas | Board Member Trustee or director | 1 | $0 |
| Aaron Jones | Board Member Trustee or director | 1 | $0 |
| Lucas Kanavati | Board Member Trustee or director | 1 | $0 |
| Bernie Laur | Board Member Trustee or director | 1 | $0 |
| Traci Leffner | Board Member Trustee or director | 1 | $0 |
| Monique Linder | Board Member Trustee or director | 1 | $0 |
| Dan Louismet | Board Member Trustee or director | 1 | $0 |
| Lori Moen | Board Member Trustee or director | 1 | $0 |
| Carlos Morales | Board Member Trustee or director | 1 | $0 |
| Dietrich Nissen | Board Member Trustee or director | 1 | $0 |
| Nadia Rizk | Board Member Trustee or director | 1 | $0 |
| Tamera K Robinson | Board Member Trustee or director | 1 | $0 |
| Carlos Ruiz | Board Member Trustee or director | 1 | $0 |
| Chris Serritslev | Board Member Trustee or director | 1 | $0 |
| Jeffrey Tate Sr | Board Member Trustee or director | 1 | $0 |
| Ted Terp | Board Member Trustee or director | 1 | $0 |
| Lana Slygh | Board Member Trustee or director | 1 | $0 |
| Kristen Stamman | Board Member Trustee or director | 1 | $0 |
| Kari Niedfeldt-Thomas | President & CEO (Begin 6/30/25) Officer | 1 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Adams Loyd | President and CEO Officer | 36 | $323,060 | $40,946 |
| Chad Pedersen | VP of AB Development Officer | 20 | $205,362 | $15,970 |
| Julie Kiedrowski | VP of Operations Officer | 40 | $163,478 | $13,038 |
| Ryan Sharp | VP of Finance and Accounti Officer | 35 | $142,238 | $11,551 |
| Janet Fahey | VP of HR, Talent, and Training Officer | 40 | $139,563 | $10,320 |
| Bao Vang | VP of Communications Officer | 40 | $125,477 | $20,950 |
| David Aafedt | Past Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Owens | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andy Kocemba | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jeff Baidoo | Board Member Trustee or director | 1 | $0 | $0 |
| Louis Berezovsky | Board Member Trustee or director | 1 | $0 | $0 |
| RC Colvin | Board Member Trustee or director | 1 | $0 | $0 |
| Rob Commers | Board Member Trustee or director | 1 | $0 | $0 |
| Julianna Copeland | Board Member Trustee or director | 1 | $0 | $0 |
| Michelle Kreidler Dove | Board Member Trustee or director | 1 | $0 | $0 |
| Osni Ferreira Filho | Board Member Trustee or director | 1 | $0 | $0 |
| Peter Gaetz | Board Member Trustee or director | 1 | $0 | $0 |
| Brent Hanson | Board Member Trustee or director | 1 | $0 | $0 |
| Janie Hanson | Board Member Trustee or director | 1 | $0 | $0 |
| Marcus Hill | Board Member Trustee or director | 1 | $0 | $0 |
| Scott Hoss | Board Member Trustee or director | 1 | $0 | $0 |
| Tammylynne Jonas | Board Member Trustee or director | 1 | $0 | $0 |
| Aaron Jones | Board Member Trustee or director | 1 | $0 | $0 |
| Lucas Kanavati | Board Member Trustee or director | 1 | $0 | $0 |
| Barry Kirchoff | Board Member Trustee or director | 1 | $0 | $0 |
| Bernie Laur | Board Member Trustee or director | 1 | $0 | $0 |
| Traci Leffner | Board Member Trustee or director | 1 | $0 | $0 |
| Monique Linder | Board Member Trustee or director | 1 | $0 | $0 |
| Dan Louismet | Board Member Trustee or director | 1 | $0 | $0 |
| Lori Moen | Board Member Trustee or director | 1 | $0 | $0 |
| Carlos Morales | Board Member Trustee or director | 1 | $0 | $0 |
| Dietrich Nissen | Board Member Trustee or director | 1 | $0 | $0 |
| Nadia Rizk | Board Member Trustee or director | 1 | $0 | $0 |
| Tamera K Robinson | Board Member Trustee or director | 1 | $0 | $0 |
| Carlos Ruiz | Board Member Trustee or director | 1 | $0 | $0 |
| Chris Serritslev | Board Member Trustee or director | 1 | $0 | $0 |
| JJ Slygh | Board Member Trustee or director | 1 | $0 | $0 |
| Terry Stamman | Board Member Trustee or director | 1 | $0 | $0 |
| Jeffrey Tate Sr | Board Member Trustee or director | 1 | $0 | $0 |
| Ted Terp | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Adams Loyd | President and CEO Officer | 36 | $301,446 | $46,397 |
| Chad Pedersen | VP of Sales Officer | 20 | $205,155 | $16,328 |
| Julie Kiedrowski | VP of Business and Consume Officer | 40 | $169,924 | $17,970 |
| Janet Fahey | VP of HR, Talent, and Culture Officer | 40 | $129,049 | $8,500 |
| Ryan Sharp | VP of Finance and Accounting Officer | 35 | $115,410 | $8,166 |
| Elizabeth Jemtrud | VP of Community Relations Officer | 20 | $114,194 | $8,916 |
| Bao Vang | VP of Communications Officer | 40 | $97,748 | $19,988 |
| David Aafedt | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jessica Monson | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Owens | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andy Kocemba | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Louis Berezovsky | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Marcus Hill | Board Member Trustee or director | 1 | $0 | $0 |
| Lori Moen | Board Member Trustee or director | 1 | $0 | $0 |
| Chris Serritslev | Board Member Trustee or director | 1 | $0 | $0 |
| Brent Hanson | Board Member Trustee or director | 1 | $0 | $0 |
| Tamera Robinson | Board Member Trustee or director | 1 | $0 | $0 |
| Ryan Larson | Board Member Trustee or director | 1 | $0 | $0 |
| Janie Hanson | Board Member Trustee or director | 1 | $0 | $0 |
| RC Colvin | Board Member Trustee or director | 1 | $0 | $0 |
| Bernie Laur | Board Member Trustee or director | 1 | $0 | $0 |
| Michelle Dove | Board Member Trustee or director | 1 | $0 | $0 |
| Michael Sullivan | Board Member Trustee or director | 1 | $0 | $0 |
| Kate Uding | Board Member Trustee or director | 1 | $0 | $0 |
| Monique Linder | Board Member Trustee or director | 1 | $0 | $0 |
| Peter Gaetz | Board Member Trustee or director | 1 | $0 | $0 |
| Julianna Copeland | Board Member Trustee or director | 1 | $0 | $0 |
| Tammylynne Jonas | Board Member Trustee or director | 1 | $0 | $0 |
| Traci Leffner | Board Member Trustee or director | 1 | $0 | $0 |
| Carlos Ruiz | Board Member Trustee or director | 1 | $0 | $0 |
| Nadia Rizsk | Board Member Trustee or director | 1 | $0 | $0 |
| Jeffrey Tate | Board Member Trustee or director | 1 | $0 | $0 |
| Chris Barnick | Board Member Trustee or director | 1 | $0 | $0 |
| Osni Ferreira Filho | Board Member Trustee or director | 1 | $0 | $0 |
| JJ Slygh | Board Member Trustee or director | 1 | $0 | $0 |
| Lucas Kanavati | Board Member Trustee or director | 1 | $0 | $0 |
| Terry Stamman | Board Member Trustee or director | 1 | $0 | $0 |
| Tammy Hartman | Board Member Trustee or director | 1 | $0 | $0 |
| Carlos Morales | Board Member Trustee or director | 1 | $0 | $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 Cir, Burnsville, MN 55337
- Signed the 990
- Kari Niedfeldt-Thomas, President & CEO
- Phone
- (651) 695-2477
- Return prepared by
- Abdo LLP
Mission
To ensure an ethical marketplace where buyers and sellers can trust each other to be the leader in advancing marketplace trust.
Program accomplishments
- Accredited Business services and consumer protection programs - BBB actively participates in public affairs affecting business and consumer interests and cooperates with governmental bodies and agencies to provide information and counsel to such bodies and to the public concerning such matters. BBB advocates public and business policies in the best interests of consumer protection and the viability of a free and competitive economy. Programs are developed for accredited businesses in support of self-regulation and high standard of business ethics. Measures are taken and services are performed for the protection of consumers against unscrupulous, unconscionable, fraudulent, deceptive, and unethical business practices.
- Arbitration and Mediation - these services are provided in order to resolve outstanding disputes between consumers and businesses by providing solutions to the disputes without the expense and length of court.
- Online Accredited Business Directory - The organization offers a BBB Accredited Business Online Directory to help consumers find trustworthy businesses for free. People can search for BBB Accredited Businesses by industry/profession or city. All accredited businesses are listed in their respective business categories for free; however, BBB offers an opportunity for accredited businesses to be listed in headliner/top positions in their chosen categories, or on the first page of the Online Directory for an additional fee. Accredited businesses may also purchase "logo or "coupon" listings in the Online Directory as well.
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 on file |
IRS record
- EIN
- 41-1245489
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,310,082
- Income (IRS master file)
- $7,331,658
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,331,658 | $5,600,732 | $7,310,082 | XML |
| 990 | June 2024 | $4,865,502 | $5,429,004 | $6,724,779 | XML |
| 990 | June 2023 | $4,665,146 | $4,948,070 | $6,121,237 | XML |
| 990 | June 2022 | $4,952,353 | $5,098,193 | $5,220,297 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | 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 41-1245489).
Questions about BETTER BUSINESS BUREAU OF MINNESOTA INC
- What is the EIN of BETTER BUSINESS BUREAU OF MINNESOTA INC?
- The employer identification number (EIN) of BETTER BUSINESS BUREAU OF MINNESOTA INC is 41-1245489.
- Is BETTER BUSINESS BUREAU OF MINNESOTA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
- Are donations to BETTER BUSINESS BUREAU OF MINNESOTA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BETTER BUSINESS BUREAU OF MINNESOTA INC 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 OF MINNESOTA INC 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 OF MINNESOTA INC 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 OF MINNESOTA INC?
- The 990 for the year ended June 30, 2025 names Kari Niedfeldt-Thomas.
- Who are the officers and directors of BETTER BUSINESS BUREAU OF MINNESOTA INC?
- The 990 for the year ended June 30, 2025 lists 39 people; 6 received compensation from the organization, the highest $336,403 (Susan Adams Loyd, President & CEO (End 6/30/2025)).
- How much revenue does BETTER BUSINESS BUREAU OF MINNESOTA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,331,658, expenses of $5,600,732 and total assets of $7,310,082 at year end.
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