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← FUTURE BUSINESS LEADERS OF AMERICA- INC

Form 990 for tax year 2022

Filed by FUTURE BUSINESS LEADERS OF AMERICA- INC.

Totals

Total revenue
$5,211,463
Total expenses
$7,549,571
Contributions and grants received
$120,012
Grants paid
$185,420
Program service revenue
$4,779,523
Investment income
$223,246
Other revenue
$88,682
Total assets, end of year
$9,405,498
Total liabilities, end of year
$1,432,360
Net assets or fund balances, end of year
$7,973,138
Program services expenses (Part IX)
$5,164,018
Management and general expenses
$2,193,588
Fundraising expenses
$191,965
Program service expenses (Part III)
$5,164,018

Program services were 68.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $120,012

  • 2a · Program service revenue: CONFERENCE

    total $3,017,555 · related or exempt $3,017,555

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,165,514 · related or exempt $1,165,514

  • 2c · Program service revenue: COMMISSION

    total $587,454 · related or exempt $587,454

  • 2d · Program service revenue: ADVERTISING

    total $9,000 · unrelated business $9,000

  • 3 · Investment income

    total $252,568 · excluded $252,568

  • 5 · Royalties

    total $55,896 · excluded $55,896

  • 7a · Gross sales of assets other than inventory

    securities $3,653,464

  • 7b · Less cost or other basis and sales expenses

    securities $3,682,786

  • 7c · Gain or loss

    securities -$29,322

  • 7d · Net gain or loss

    total -$29,322 · excluded -$29,322

  • 11a · Other revenue: MISC INCOME

    total $32,786 · excluded $32,786

  • 11e · Other revenue, total

    $32,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,100 · program services $17,100

  • 2 · Grants to domestic individuals

    total $168,320 · program services $168,320

  • 5 · Compensation of officers, directors and key employees

    total $351,361 · program services $175,681 · management and general $140,544 · fundraising $35,136

  • 7 · Other salaries and wages

    total $1,248,811 · program services $675,065 · management and general $526,984 · fundraising $46,762

  • 8 · Pension plan contributions

    total $77,105 · program services $41,905 · management and general $32,659 · fundraising $2,541

  • 9 · Other employee benefits

    total $170,521 · program services $90,752 · management and general $71,185 · fundraising $8,584

  • 10 · Payroll taxes

    total $112,640 · program services $59,947 · management and general $47,022 · fundraising $5,671

  • 11b · Fees: legal

    total $52,920 · management and general $52,920

  • 11c · Fees: accounting

    total $81,409 · management and general $81,409

  • 11f · Fees: investment management

    total $25,442 · management and general $25,442

  • 11g · Fees: other

    total $664,454 · program services $380,535 · management and general $269,119 · fundraising $14,800

  • 12 · Advertising and promotion

    total $34,341 · program services $27,191 · management and general $6,726 · fundraising $424

  • 13 · Office expenses

    total $688,168 · program services $352,236 · management and general $335,542 · fundraising $390

  • 14 · Information technology

    total $713,269 · program services $318,697 · management and general $390,295 · fundraising $4,277

  • 16 · Occupancy

    total $7,904 · program services $4,046 · management and general $3,854 · fundraising $4

  • 17 · Travel

    total $473,178 · program services $376,893 · management and general $86,669 · fundraising $9,616

  • 19 · Conferences, conventions and meetings

    total $2,556,849 · program services $2,404,867 · management and general $88,222 · fundraising $63,760

  • 23 · Insurance

    total $35,381 · program services $18,872 · management and general $16,509

  • 24a · Other expenses: OTHER EXPENSES

    total $70,398 · program services $51,911 · management and general $18,487

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,933,817 · end of year $7,447,683

  • 2 · Savings and temporary cash investments

    beginning of year $176,314 · end of year $179,867

  • 4 · Accounts receivable

    beginning of year $758,633 · end of year $707,220

  • 9 · Prepaid expenses and deferred charges

    beginning of year $297,940 · end of year $572,650

  • 10a · Land, buildings and equipment: cost or other basis

    $101,629

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $101,629

  • 11 · Investments: publicly traded securities

    beginning of year $231,320 · end of year $246,802

  • 15 · Other assets

    beginning of year $148,661 · end of year $149,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,428,604 · end of year $1,343,978

  • 19 · Deferred revenue

    end of year $15,800

  • 25 · Other liabilities

    beginning of year $49,992 · end of year $72,582

  • 27 · Net assets without donor restrictions

    beginning of year $9,614,735 · end of year $7,529,457

  • 28 · Net assets with donor restrictions

    beginning of year $453,354 · end of year $443,681

Mission and programs · 2022

Mission

FUTURE BUSINESS LEADERS OF AMERICA (FBLA) INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADERS IN A GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES. EACH YEAR, FBLA HELPS OVER 200,000 STUDENTS IN MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE.

Activities or mission (Part I)

INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADER IN GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES.

  • EDUCATION PROGRAMS: FBLA'S NATIONAL CONFERENCES HELP STUDENTS PREPARE CAREERS IN BUSINESS BY FOCUSING ON ACADEMIC COMPETITIONS (COMPETITIVE EVENT PROGRAM) AND LEADERSHIP DEVELOPMENT. FROM JUNE 21 JULY 1, 2023, FBLA HOSTED OUR NATIONAL LEADERSHIP CONFERENCE IN ATLANTA, GA FOR THREE STUDENT-MEMBER DIVISIONS. THE REGISTRATION WAS 13,958 ATTENDEES. AT THIS CONFERENCE, ATTENDEES WERE ABLE TO PARTICIPATE IN MORE THAN 90 WORKSHOPS, LEARN FROM KEYNOTE SPEAKERS, AND ENGAGE WITH OTHER ATTENDEES.

    Expenses $2,702,279 · Grants $185,420 · Revenue $4,665,688

  • AWARDS: THE FBLA COMPETITIVE EVENT PROGRAM RECOGNIZES AND REWARDS EXCELLENCE IN A BROAD RANGE OF BUSINESS AND CAREER RELATED AREAS. AT THE 2023 NATIONAL LEADERSHIP CONFERENCE.

    Expenses $1,079,330

  • MEMBERSHIP: FBLA IS THE LARGEST CAREER STUDENT ORGANIZATION IN THE WORLD REPRESENTING MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE. MEMBERS CONTRIBUTE TO THEIR COMMUNITIES AND SCHOOLS WHILE MAXIMIZING THEIR OWN POTENTIAL. IN 2022-2023 THERE WAS A COMBINED TOTAL OF 193,418 MEMBERS IN THE THREE DIVISIONS AND A TOTAL OF 5,586 ACTIVE CHAPTERS.

    Expenses $1,019,135

  • COMMUNICATION

    Expenses $363,274

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Dzurick

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Robert J Kollar

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Claus

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Erin Sherman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Arrav Dagar

    FBLA NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Madison Kraemer

    COLLEGIATE NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shayla Davidson

    DIRECTOR - UNTIL 11/2022

    Total calculated
    $0
    Hours/week
    1

  • Brandon Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Hazlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jan Imhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric McGarvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Paul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jen Staley

    DIRECTOR - UNTIL 12/2022

    Total calculated
    $0
    Hours/week
    1

  • Sameer Somol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Wamsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Wilkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexander T Graham

    PRESIDENT AND CEO

    Total calculated
    $349,936
    From this org
    $305,436
    From related orgs
    $0
    Other
    $44,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,120
    Bonus
    $0
    Other
    $16,316
    Deferred
    $27,000
    Nontaxable benefits
    $17,500
    Filer's total
    $349,936

  • Kelly Scholl

    DIRECTOR OF AWARDS - UNTIL 11/2022

    Total calculated
    $104,901
    From this org
    $104,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2024
IRS schema version
2022v5.0
Source object
202411679349300501

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