Virginia Future Business Leaders Of America Phi Beta Lambda Foundation
- Assets
- $474.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, VA
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 54-1653085
Organization Overview
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation is located in Bridgewater, VA. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Future Business Leaders Of America Phi Beta Lambda Foundation 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, Virginia Future Business Leaders Of America Phi Beta Lambda Foundation generated $38.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $13.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CURRENTLY SERVES APPROXIMATELY 1,872 STUDENTS THROUGHOUT THE STATE OF VIRGINIA IN VARIOUS BUSINESS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Ferrell Vice President | 3 | $0 | |
Virginia Leonard Director | 1 | $0 | |
Stephen Lock Director | 1 | $0 | |
William Powell Treasurer | 2 | $0 | |
Sandy Mills Director | 2 | $0 | |
Beverly Ross Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,137 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,325 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,462 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,917 |
| Total expenses | $13,917 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $474,463 |
| Other assets | $0 |
| Total assets | $474,463 |
| Total liabilities | $0 |
| Net assets or fund balances | $474,463 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Future Business Leaders Of America Phi Beta Lambda Foundation has recieved totaling $5,600.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: CHARITABLE | $5,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William & Mary Business School Foundation Williamsburg, VA | $93,537,218 | $9,533,267 |
Investor Protection Tr Washington, DC | $13,587,826 | $3,411,199 |
Vscpa Educational Foundation Inc Glen Allen, VA | $1,606,071 | $250,147 |
Robert H Smith School Of Business Foundation Inc Potomac, MD | $10,614,418 | $969,901 |
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation Bridgewater, VA | $474,463 | $0 |