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← FUTURE BUSINESS LEADERS OF AMERICA- INC

Form 990 for tax year 2023

Filed by FUTURE BUSINESS LEADERS OF AMERICA- INC.

Totals

Total revenue
$8,730,104
Total expenses
$9,295,060
Contributions and grants received
$204,990
Grants paid
$196,112
Program service revenue
$8,140,351
Investment income
$205,946
Other revenue
$178,817
Total assets, end of year
$11,447,434
Total liabilities, end of year
$3,653,781
Net assets or fund balances, end of year
$7,793,653
Program services expenses (Part IX)
$6,892,853
Management and general expenses
$2,264,381
Fundraising expenses
$137,826
Program service expenses (Part III)
$6,892,853

Program services were 74.2% 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.

  • 1e · Government grants (contributions)

    $9,000

  • 1f · All other contributions, gifts and grants

    $195,990

  • 2a · Program service revenue: CONFERENCES

    total $5,149,962 · related or exempt $5,001,799 · excluded $148,163

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,028,825 · related or exempt $2,028,825

  • 2c · Program service revenue: REBATES

    total $938,560 · related or exempt $938,560

  • 2d · Program service revenue: ADVERTISING

    total $23,004 · unrelated business $23,004

  • 3 · Investment income

    total $201,087 · excluded $201,087

  • 5 · Royalties

    total $59,414 · excluded $59,414

  • 7a · Gross sales of assets other than inventory

    securities $2,534,943

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

    securities $2,530,084

  • 7c · Gain or loss

    securities $4,859

  • 7d · Net gain or loss

    total $4,859 · excluded $4,859

  • 10a · Gross sales of inventory

    $171,565

  • 10b · Cost of goods sold

    $87,468

  • 10c · Net income from sales of inventory

    total $84,097 · excluded $84,097

  • 11a · Other revenue: OTHER REVENUE

    total $35,306 · excluded $35,306

  • 11e · Other revenue, total

    $35,306

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $196,112 · program services $196,112

  • 5 · Compensation of officers, directors and key employees

    total $548,096 · program services $335,599 · management and general $181,364 · fundraising $31,133

  • 7 · Other salaries and wages

    total $1,043,173 · program services $638,665 · management and general $345,256 · fundraising $59,252

  • 8 · Pension plan contributions

    total $59,434 · program services $36,387 · management and general $19,672 · fundraising $3,375

  • 9 · Other employee benefits

    total $131,982 · program services $80,807 · management and general $43,679 · fundraising $7,496

  • 10 · Payroll taxes

    total $113,539 · program services $69,515 · management and general $37,575 · fundraising $6,449

  • 11b · Fees: legal

    total $71,026 · management and general $71,026

  • 11c · Fees: accounting

    total $76,723 · management and general $76,723

  • 11f · Fees: investment management

    total $27,430 · management and general $27,430

  • 11g · Fees: other

    total $692,919 · program services $370,389 · management and general $317,216 · fundraising $5,314

  • 12 · Advertising and promotion

    total $2,873 · program services $2,770 · management and general $83 · fundraising $20

  • 13 · Office expenses

    total $440,972 · program services $205,444 · management and general $234,068 · fundraising $1,460

  • 14 · Information technology

    total $484,557 · program services $136,910 · management and general $347,551 · fundraising $96

  • 16 · Occupancy

    total $209,330 · program services $100,743 · management and general $99,133 · fundraising $9,454

  • 17 · Travel

    total $383,082 · program services $219,921 · management and general $152,752 · fundraising $10,409

  • 19 · Conferences, conventions and meetings

    total $4,625,775 · program services $4,470,935 · management and general $151,656 · fundraising $3,184

  • 22 · Depreciation, depletion and amortization

    total $95,305 · management and general $95,305

  • 23 · Insurance

    total $62,083 · program services $19,086 · management and general $42,997

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $11,471 · program services $9,354 · management and general $2,000 · fundraising $117

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $9,750 · program services $110 · management and general $9,606 · fundraising $34

  • 24c · Other expenses: MEMBERSHIPS & DUES

    total $9,428 · program services $106 · management and general $9,289 · fundraising $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,823 · end of year $621,967

  • 2 · Savings and temporary cash investments

    beginning of year $179,867 · end of year $183,291

  • 4 · Accounts receivable

    beginning of year $707,220 · end of year $1,081,551

  • 9 · Prepaid expenses and deferred charges

    beginning of year $572,650 · end of year $331,225

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

    $912,682

  • 10b · Land, buildings and equipment: accumulated depreciation

    $95,305

  • 10c · Land, buildings and equipment, net

    beginning of year $101,629 · end of year $817,377

  • 11 · Investments: publicly traded securities

    beginning of year $7,654,662 · end of year $6,432,979

  • 15 · Other assets

    beginning of year $149,647 · end of year $1,979,044

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,343,978 · end of year $1,007,178

  • 19 · Deferred revenue

    beginning of year $15,800 · end of year $43,126

  • 25 · Other liabilities

    beginning of year $72,582 · end of year $2,603,477

  • 27 · Net assets without donor restrictions

    beginning of year $7,529,457 · end of year $7,361,333

  • 28 · Net assets with donor restrictions

    beginning of year $443,681 · end of year $432,320

Mission and programs · 2023

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 ENGAGES OVER 200,000 MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS THROUGH EDUCATION PROGRAMS THAT BUILD BUSINESS KNOWLEDGE, CAREER-CONNECTED SKILLS, AND LEADERSHIP CAPACITY TO SUCCEED IN THE WORKFORCE OF TOMORROW.

Activities or mission (Part I)

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

  • FBLA'S NATIONAL LEADERSHIP CONFERENCE (NLC) IS A CORNERSTONE OF ITS EDUCATIONAL PROGRAMMING, INTEGRATING CLASSROOM LEARNING WITH REAL-WORLD APPLICATION. FROM JUNE 24 TO JULY 2, 2024, MORE THAN 14,000 STUDENTS ATTENDED THE NLC IN ORLANDO, FLORIDA, WHERE THEY PARTICIPATED IN HIGH-QUALITY, CAREER-CONNECTED LEARNING EXPERIENCES INCLUDING MORE THAN 100 STUDENT-CENTERED WORKSHOPS, LEADERSHIP ACADEMIES, AND INDUSTRY PANELS. THESE EXPERIENTIAL LEARNING OPPORTUNITIES ALIGN WITH PRIORITIES TO EXPAND WORK-BASED LEARNING EXPERIENCES AND HELP STUDENTS STRENGTHEN IN-DEMAND SKILLS ACROSS BUSINESS, TECHNOLOGY, AND COMMUNICATIONS SECTORS.

    Expenses $4,492,544 · Revenue $5,940,359

  • AWARDS: FBLA'S COMPETITIVE EVENT PROGRAM IS AN EDUCATION-BASED RECOGNITION INITIATIVE ALIGNED TO STATE AND NATIONAL ACADEMIC AND CAREER AND TECHNICAL EDUCATION (CTE) STANDARDS. STUDENTS COMPETE IN MORE THAN 70 EVENTS TIED TO BUSINESS PATHWAYS SUCH AS FINANCE, ENTREPRENEURSHIP, COMPUTER SCIENCE, HOSPITALITY, AND MARKETING. IN 2023-2024, OVER 30,000 STUDENTS PARTICIPATED IN REGIONAL, STATE, AND NATIONAL LEVELS, DEMONSTRATING PROFICIENCY IN PROBLEM-SOLVING, CRITICAL THINKING, COMMUNICATION, AND LEADERSHIP, SKILLS ALIGNED WITH EMPLOYABILITY AND 21ST-CENTURY WORKFORCE READINESS.

    Expenses $1,116,657 · Grants $196,112

  • COMMUNICATION: FBLA EXPANDED ITS EDUCATOR-FACING TOOLS TO SUPPORT STUDENT ACHIEVEMENT AND ADVISER EFFECTIVENESS. IN 2023-2024, THE ORGANIZATION LAUNCHED INSTRUCTIONAL RESOURCES, PROMOTED CLASSROOM-ALIGNED LEADERSHIP CURRICULUM, AND STRENGTHENED ITS EDUCATOR AND ADVISER NETWORKS. THESE INITIATIVES PROMOTE ACCESS TO HIGH-QUALITY CAREER PREPARATION CONTENT AND ALIGN WITH NATIONAL EFFORTS TO SCALE EFFECTIVE EDUCATION-TO-CAREER PIPELINES.

    Expenses $719,575

  • MEMBERSHIP: FBLA CHAPTERS SERVE AS EDUCATION HUBS WHERE STUDENTS ENGAGE IN PROJECT-BASED LEARNING, COMMUNITY SERVICE, AND LEADERSHIP DEVELOPMENT. IN 2023-2024, FBLA SUPPORTED 198,650 MEMBERS ACROSS 5,712 CHAPTERS. THROUGH STRUCTURED CLASSROOM INTEGRATION AND CO-CURRICULAR EXPERIENCES, FBLA HELPS STUDENTS EXPLORE CAREER PATHWAYS, DEVELOP LEADERSHIP COMPETENCIES, AND ENGAGE IN CIVIC AND ECONOMIC EDUCATION, ADVANCING ACCESS TO HIGH-QUALITY CTE AND CAREER PATHWAY PROGRAMMING.

    Expenses $564,077 · Revenue $2,028,825

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ROBERT J KOLLAR

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JENNIFER CLAUS

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • CHRIS DZURICK

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD WILKINS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ERIN SHERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DUKE DISTEFANO

    DIRECTOR

    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

  • DEBORAH JACKLIN

    HIGH SCHOOL NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ERIC MCGARVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOBY NEAL

    COLLEGIATE NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMEER SOMOL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH WAMSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER T GRAHAM

    PRESIDENT & CEO - UNTIL 06/24

    Total calculated
    $362,223
    From this org
    $323,436
    From related orgs
    $0
    Other
    $38,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,120
    Bonus
    $18,000
    Other
    $16,316
    Deferred
    $37,738
    Nontaxable benefits
    $1,049
    Filer's total
    $362,223

  • ROBERT HOLST

    DIRECTOR OF FINANCE

    Total calculated
    $158,923
    From this org
    $146,901
    From related orgs
    $0
    Other
    $12,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,625
    Bonus
    $1,000
    Other
    $276
    Deferred
    $10,784
    Nontaxable benefits
    $1,238
    Filer's total
    $158,923

  • RANDY W FISER INTERIM

    PRESIDENT & CEO - 06/24-12/24

    Total calculated
    $0
    Hours/week
    40

  • MARY LYNN RYNKIEWICZ

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $133,433
    From this org
    $123,680
    From related orgs
    $0
    Other
    $9,753
    Hours/week
    40

  • JENNIFER L STANLEY

    DIRECTOR OF COMPETITIVE EVENTS

    Total calculated
    $135,128
    From this org
    $116,115
    From related orgs
    $0
    Other
    $19,013
    Hours/week
    40

  • GAYLE ROBINSION

    DIRECTOR OF EDUCATION

    Total calculated
    $133,448
    From this org
    $116,096
    From related orgs
    $0
    Other
    $17,352
    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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2023, NON-FIXED, DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING INDIVIDUALS: ALEXANDER T. GRAHAM, PRESIDENT & CEO: $18,000 ROBERT HOLST, DIRECTOR OF FINANCE: $1,000 MARY LYNN RYNKIEWICZ, DIRECTOR OF COMMUNICATIONS: $2,000 JENNIFER L STANLEY, DIRECTOR OF COMPETITIVE EVENTS: $1,000 GAYLE ROBINSION, DIRECTOR OF EDUCATION: $1,000

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
2023
Filed
29 October 2025
IRS schema version
2023v6.0
Source object
202543039349301224

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