Future Business Leaders Of America- Phi Beta Lambda Inc
- Assets
- $264.4k
- Revenue
- $430.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Owasso, OK
- Founding
- 10/1971
- Data as of
- 06/2021
- EIN
- 23-7157540
Organization Overview
Future Business Leaders Of America- Phi Beta Lambda Inc is located in Owasso, OK. The organization was established in 1971. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 06/2021, Future Business Leaders Of America- Phi Beta Lambda Inc employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Business Leaders Of America- Phi Beta Lambda 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 06/2021, Future Business Leaders Of America- Phi Beta Lambda Inc generated $430.0k 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 (9.8%) each year. All expenses for the organization totaled $470.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AS AN INTEGRAL PART OF THE INSTRUCTIONAL PROGRAM ADDITIONAL OPPORTUNITIES FOR SECONDARY STUDENTS (GRADES 7-12) IN BUSINESS AND OR BUSINESS RELATED FIELDS TO DEVELOP VOCATIONAL AND CAREER SUPPORTIVE COMPETENCIES AND TO PROMOTE CIVIC AND PERSONAL RESPONSIBILITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AS AN INTEGRAL PART OF THE INSTRUCTIONAL PROGRAM ADDITIONAL OPPORTUNITIES FOR SECONDARY STUDENTS (GRADES 7-12) IN BUSINESS AND OR BUSINESS RELATED FIELDS TO THAT DEVELOPED VOCATIONAL AND CAREER SUPPORTIVE COMPETENCIES AND PROMOTED CIVIC AND PERSONAL RESPONSIBILITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Dias Program & Events Manager | 15 | $22,500 | |
Sue Christensen Business Manager | 5 | $8,088 | |
Donnette Silva Carter Vice Chair | Officer | 0 | $0 |
Rohit Ramchandani Treasurer | Officer | 0 | $0 |
Chris Gomez Chair | Officer | 0 | $0 |
Jill Wright Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,495 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $214,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,563 |
| Total Program Service Revenue | $191,158 |
| Investment income | $277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,588 |
| Compensation of current officers, directors, key employees. | $30,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,500 |
| Payroll taxes | $14,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,150 |
| Advertising and promotion | $785 |
| Office expenses | $10,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,884 |
| All other expenses | $0 |
| Total functional expenses | $470,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,667 |
| Savings and temporary cash investments | $89,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,355 |
| Accounts payable and accrued expenses | $295 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,151 |
| Total liabilities | $13,446 |
| Net assets without donor restrictions | $250,909 |
| Net assets with donor restrictions | $0 |
| 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 | $264,355 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future Business Leaders Of America- Phi Beta Lambda Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Future Business Leaders Of America- Phi Beta Lambda Inc Reston, VA PURPOSE: FINANCIAL LITERACY GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Stockshow Syndicate Fort Worth, TX | $3,490,318 | $6,046,613 |
Kansas 4-H Foundation Inc Manhattan, KS | $27,207,797 | $6,722,964 |
Event Facilities Fort Worth Inc Fort Worth, TX | $56,896,303 | $667,519 |
Oklahoma Youth Exposition Inc Oklahoma City, OK | $6,978,217 | $5,243,188 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Nueces County Junior Livestock Association Robstown, TX | $379,208 | $2,671,206 |
Future Farmers Of America State Associations & Local Chapter Austin, TX | $2,278,284 | $2,619,828 |
Texas 4-H Boerne, TX | $23,369 | $0 |
Texas 4 H Youth Development Foundation College Station, TX | $9,527,657 | $3,383,549 |
Ellis County Youth Expo Waxahachie, TX | $936,551 | $1,557,361 |
Hill Country District Juniorlivestock Show Association Kerrville, TX | $1,755,004 | $1,336,079 |
Arkansas 4-H Foundation Inc Little Rock, AR | $9,320,360 | $1,535,415 |