Future Business Leaders Of America- Phi Beta Lambda Inc
- Assets
- $648.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Owasso, OK
- Founding
- 10/1971
- Data as of
- 06/2022
- EIN
- 23-7157540
Organization Overview
Future Business Leaders Of America- Phi Beta Lambda Inc is located in Owasso, OK. The organization was established in 1971. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Business Leaders Of America- Phi Beta Lambda Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Future Business Leaders Of America- Phi Beta Lambda Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AS AN INTEGRAL PART OF THE INSTRUCTIONAL PROGRAM ADDITIONAL OPPORTUNITIES FOR SECONDARY STUDENTS (GRADES7-12) IN BUSINESS AND OR BUSINESS RELATED FIELDS TO DEVELOP VOCATIONAL AND CAREER SUPPORTIVE COMPETENCIES AND TO PROMOTE CIVIC AND PERSONAL RESPONSIBILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL LEADERSHIP CONFERENCE
OTHER PROGRAM EXPENSES
STATE LEADERSHIP CONFERENCE
REGIONAL CONFERENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Underwood Executive Director | OfficerTrustee | 2 | $0 |
Glenn Morris Chair | OfficerTrustee | 2 | $0 |
Jeffrey Jordan Member | Trustee | 2 | $0 |
Edward Youngblood Member | Trustee | 1 | $0 |
Gregory Fox Vice Chair | OfficerTrustee | 2 | $0 |
Danielle Tolentino Tuason Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,707 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,882 |
| Total Program Service Revenue | $1,015,604 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,400,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,872 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,428 |
| Fees for services: Management | $138,899 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,922 |
| Office expenses | $15,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $921,915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,719 |
| All other expenses | $301 |
| Total functional expenses | $1,343,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,031 |
| Savings and temporary cash investments | $2,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $262,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,892 |
| Accounts payable and accrued expenses | $361,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $361,289 |
| Net assets without donor restrictions | $287,603 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $648,892 |