Future Business Leaders Of America- Inc
- Assets
- $9.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Reston, VA
- Founding
- 10/1971
- Data as of
- 07/2023
- EIN
- 23-7157445
Organization Overview
Future Business Leaders Of America- Inc is located in Reston, VA. The organization was established in 1971. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 07/2023, Future Business Leaders Of America- Inc employed 22 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Future Business Leaders Of America- 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 07/2023, Future Business Leaders Of America- Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $7.5m during the year ending 07/2023. While expenses have increased by 6.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADER IN GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES.
Describe the Organization's Program Activity:
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.
COMMUNICATION
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Dzurick Chair | OfficerTrustee | 5 | $0 |
Robert J Kollar Chair Elect | OfficerTrustee | 1 | $0 |
Jennifer Claus Treasurer | OfficerTrustee | 1 | $0 |
Erin Sherman Secretary | OfficerTrustee | 1 | $0 |
Arrav Dagar Fbla National President | Trustee | 1 | $0 |
Madison Kraemer Collegiate National President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Decorating Event Show Management | 7/30/23 | $580,438 |
Transportation Management Services Nlc Transportation Services | 7/30/23 | $451,826 |
Cybis Communications Event Production | 7/30/23 | $336,391 |
Delcor Technology Solutions It Services | 7/30/23 | $183,941 |
Zenia Event Consulting Meeting Planning | 7/30/23 | $114,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,012 |
| Total Program Service Revenue | $4,779,523 |
| Investment income | $252,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $55,896 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,322 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,211,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,100 |
| Grants and other assistance to domestic individuals. | $168,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,361 |
| Compensation of current officers, directors, key employees. | $140,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,248,811 |
| Pension plan accruals and contributions | $77,105 |
| Other employee benefits | $170,521 |
| Payroll taxes | $112,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,920 |
| Fees for services: Accounting | $81,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,442 |
| Fees for services: Other | $664,454 |
| Advertising and promotion | $34,341 |
| Office expenses | $688,168 |
| Information technology | $713,269 |
| Royalties | $0 |
| Occupancy | $7,904 |
| Travel | $473,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,556,849 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,381 |
| All other expenses | $70,398 |
| Total functional expenses | $7,549,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,447,683 |
| Savings and temporary cash investments | $179,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $707,220 |
| 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 | $572,650 |
| Net Land, buildings, and equipment | $101,629 |
| Investments—publicly traded securities | $246,802 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,647 |
| Total assets | $9,405,498 |
| Accounts payable and accrued expenses | $1,343,978 |
| Grants payable | $0 |
| Deferred revenue | $15,800 |
| 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 | $72,582 |
| Total liabilities | $1,432,360 |
| Net assets without donor restrictions | $7,529,457 |
| Net assets with donor restrictions | $443,681 |
| 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 | $9,405,498 |
Grants Awarded
Over the last fiscal year, Future Business Leaders Of America- Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DC FBLA PURPOSE: GENERAL SUPPORT | $15,000 |
CALIFORNIA FBLA PURPOSE: FINANCIAL LITERACY GRANT | $10,000 |