Alabama Future Business Leaders Of American-Phi Beta Lambda Foundatio
- Assets
- $232.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 11/1995
- Data as of
- 06/2020
- EIN
- 63-1139125
Organization Overview
Alabama Future Business Leaders Of American-Phi Beta Lambda Foundatio is located in Montgomery, AL. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Future Business Leaders Of American-Phi Beta Lambda Foundatio 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 06/2020, Alabama Future Business Leaders Of American-Phi Beta Lambda Foundatio generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $7.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (32.2%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS AWARDED TO STUDENTS TO FURTHER THEIR CAREER GOALS AND DREAMS THROUGH ATTENDING POSTSECONDARY PROGRAMS, CAREER-RELATED ACTIVITIES, AND EXPERIENCING THE POSITIVE RESULTS OF COOPERATIVE EFFORTS. SIX SCHOLARSHIPS WERE AWARDED FOR THE FISCAL YEAR ENDED JUNE 30, 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Higgins President, Board Chairman | 1 | $0 | |
Laura Carrington Co-Treasurer | 1 | $0 | |
Wanda Mccoy Co-Treasurer | 1 | $0 | |
Lisa Weeks Administrator | 10 | $0 | |
Kendall H Haywood Committee Member | 1 | $0 | |
Joseph Borg Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,520 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,952 |
| Investment income | $5,452 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,924 |
| Statement of Expenses | |
|---|---|
| Total expenses | $7,948 |
| Balance Sheet | |
|---|---|
| Total assets | $232,421 |
| Total liabilities | $0 |
| Net assets or fund balances | $232,421 |
Grants Awarded
Over the last fiscal year, Alabama Future Business Leaders Of American-Phi Beta Lambda Foundatio has awarded $60,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FBLA INC PURPOSE: NLC AWARDS | $52,200 |
PBL INC PURPOSE: NLC AWARDS | $8,400 |