2024-06-15T07:34:26-05:00 2023-07-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-08-01 237157445 FUTURE BUSINESS LEADERS OF AMERICA INC FUTU 7038601839 12100 SUNSET HILLS ROAD 200 RESTON VA 20190 ALEXANDER T GRAHAM PRESIDENT & CEO 7038601839 2024-06-13 1 ALEXANDER GRAHAM 999009999 0 AARON M FOX P01365820 2022274000 2024-06-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER DURZICK 12100 SUNSET HILLS ROAD 200 RESTON VA 20190 8894249 0 X WWW.FBLA-PBL.ORG X 1969 DC INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADER IN GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES. 16 16 22 550 9000 0 465376 120012 5103210 4779523 3625685 223246 169275 88682 9363546 5211463 189797 185420 0 0 1702758 1960438 0 0 191965 6385211 5403713 8277766 7549571 1085780 -2338108 12546685 9405498 2478596 1432360 10068089 7973138 X 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. 0 0 2702279 185420 4665688 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. 1079330 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. 1019135 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. 363274 COMMUNICATION 363274 5164018 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 22 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ROBERT HOLST 7038601839 12100 SUNSET HILLS ROAD 200 RESTON VA 20190 CHRIS DZURICK CHAIR 5.00 X X 0 0 0 ROBERT J KOLLAR CHAIR ELECT 1.00 X X 0 0 0 JENNIFER CLAUS TREASURER 1.00 X X 0 0 0 ERIN SHERMAN SECRETARY 1.00 X X 0 0 0 ARRAV DAGAR FBLA NATIONAL PRESIDENT 1.00 X 0 0 0 MADISON KRAEMER COLLEGIATE NATIONAL PRESIDENT 1.00 X 0 0 0 SHAYLA DAVIDSON DIRECTOR - UNTIL 11/2022 1.00 X 0 0 0 BRANDON GRIFFIN DIRECTOR 1.00 X 0 0 0 DAN HAZLETT DIRECTOR 1.00 X 0 0 0 JAN IMHOFF DIRECTOR 1.00 X 0 0 0 ERIC MCGARVEY DIRECTOR 1.00 X 0 0 0 WENDY MILLS DIRECTOR 1.00 X 0 0 0 RYAN PAUL DIRECTOR 1.00 X 0 0 0 CHRISTINA PEREZ DIRECTOR 1.00 X 0 0 0 JEN STALEY DIRECTOR - UNTIL 12/2022 1.00 X 0 0 0 SAMEER SOMOL DIRECTOR 1.00 X 0 0 0 SARAH WAMSLEY DIRECTOR 1.00 X 0 0 0 EDWARD WILKINS DIRECTOR 1.00 X 0 0 0 ALEXANDER T GRAHAM PRESIDENT AND CEO 40.00 X 305436 0 44500 KELLY SCHOLL DIRECTOR OF AWARDS - UNTIL 11/2022 40.00 X 104901 0 0 410337 0 44500 2 0 1 0 FREEMAN DECORATING PO BOX 734596 DALLAS TX 75373 EVENT SHOW MANAGEMENT 580438 TRANSPORTATION MANAGEMENT SERVICES 46 SOUTH MARKET STREET 2ND FLOOR FREDERICK MD 21701 NLC TRANSPORTATION SERVICES 451826 CYBIS COMMUNICATIONS 428 BARRY STREET ORLANDO FL 32808 EVENT PRODUCTION 336391 DELCOR TECHNOLOGY SOLUTIONS 8380 COLESVILLE ROAD 550 SILVER SPRING MD 20910 IT SERVICES 183941 ZENIA EVENT CONSULTING 14716 DUNLETH STREET NORTH POTOMAC MD 20878 MEETING PLANNING 114720 10 120012 120012 CONFERENCE 900099 3017555 3017555 MEMBERSHIP DUES 900099 1165514 1165514 COMMISSION 900099 587454 587454 ADVERTISING 541800 9000 9000 4779523 252568 252568 55896 55896 3653464 3682786 -29322 -29322 -29322 MISC INCOME 900099 32786 32786 32786 5211463 4770523 9000 311928 17100 17100 168320 168320 351361 175681 140544 35136 1248811 675065 526984 46762 77105 41905 32659 2541 170521 90752 71185 8584 112640 59947 47022 5671 52920 52920 81409 81409 25442 25442 664454 380535 269119 14800 34341 27191 6726 424 688168 352236 335542 390 713269 318697 390295 4277 7904 4046 3854 4 473178 376893 86669 9616 2556849 2404867 88222 63760 35381 18872 16509 OTHER EXPENSES 70398 51911 18487 7549571 5164018 2193588 191965 10933817 7447683 176314 179867 758633 707220 297940 572650 101629 0 101629 231320 246802 148661 149647 12546685 9405498 2428604 1343978 15800 49992 72582 2478596 1432360 X 9614735 7529457 453354 443681 10068089 7973138 12546685 9405498 -2338108 243157 0 X 0 1 X 1 0 X 1656857 1242275 100976 1479608 120012 4599728 3067833 558034 317285 4068878 4779523 12791553 4724690 1800309 418261 5548486 4899535 17391281 0 0 0 17391281 306887 202485 7285 188119 308464 1013240 306887 202485 7285 188119 308464 1013240 14491 1319775 29128 145489 32786 1541669 5046068 3322569 454674 5882094 5240785 19946190 0.87190 0.87330 0.05080 0.05070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 14,491. 2019 AMOUNT: $ 1,319,775. 2020 AMOUNT: $ 29,128. 2021 AMOUNT: $ 145,489. 2022 AMOUNT: $ 32,786. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77065 X 0 189619 15482 205101 214370 -24751 189619 223118 2152 10900 214370 196244 57674 30800 223118 234722 7123 45601 196244 0.00000 0.43890 0.56110 0 0 101629 101629 101629 DEFERRED COMPENSATION 72582 72582 X 5681649 243157 252471 495628 5186021 25442 25442 5211463 7776600 252471 252471 7524129 25442 25442 7549571 PART X, LINE 2: FBLA REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAINTY IN INCOME TAX. FOR THE YEAR ENDED JULY 31, 2023, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAX REQUIRING RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. PART III, LINE 4: THE ORGANIZATION RECEIVED A DONATION OF APPROXIMATELY THREE DOZEN COLLECTIBLE FIGURINES REPRESENTING STATE BIRDS OR OTHER ANIMALS IN 1991. THESE ARE ON DISPLAY IN THE ORGANIZATION'S HEADQUARTERS. THEY DO NOT FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. PART V, LINE 4: PROVIDE INSTRUCTION ON THE IMPORTANCE OF INVESTING TO ACHIEVE FINANCIAL INDEPENDENCE, NURTURE STAFF DEVELOPMENT, FUNDRAISING, OR FUND A FELLOWSHIP PROGRAM. 1 SCHOLARSHIPS & AWARDS 637 168320 PART I, LINE 2: THE ORGANIZATION MAKES SCHOLARSHIPS AND AWARD PAYMENTS DIRECTLY TO STUDENTS AND FBLA CHAPTERS IN THE UNITED STATES. X 0 0 0 0 0 0 0 0 0 ALEXANDER T GRAHAM PRESIDENT AND CEO 289120 0 0 0 16316 0 27000 0 17500 0 349936 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF FBLA ARE MIDDLE SCHOOL,HIGH SCHOOL AND COLLEGE STUDENTS, AND ALUMNI PROFESSIONAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE STUDENT MEMBERS OF FBLA ELECT THE STUDENT REPRESENTATIVES OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS INITIALLY REVIEWED BY THE FINANCE TEAM, THE PRESIDENT & CEO, AND THE TREASURER. AFTER THE INITIAL REVIEW IS COMPLETED, A COMPLETE DRAFT OFTHE 990 IS PRESENTED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ACKNOWLEDGEMENT AND DISCLOSURE FORMS ARE SIGNED ANNUALLY BY THE BOARD OF DIRECTORS AND NATIONAL HEADQUARTERS STAFF. IF CONFLICTS OF INTEREST ARE IDENTIFIED THROUGHOUT THE YEAR, IT IS THE RESPONSIBILITY OF THE INDIVIDUAL WITH THE REAL OR PERCEIVED CONFLICT TO DISCLOSE THE CONFLICT TO HIS/HER SUPERVISOR OR TO THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE PRESIDENT & CEO PROVIDES IN WRITING TO THE EXECUTIVE COMMITTEE AND IN PRESENTATION TO THE FULL BOARD OF DIRECTORS A SUMMARY OF ACHIEVEMENTS FOR THE PAST YEAR AND OVERALL MANAGEMENT AND STEWARDSHIP OF THE ASSOCIATION. THESE ARE ORGANIZED BY THE ORGANIZATION'S FOUR GOAL AREAS AND STRATEGIC OBJECTIVES APPROVED BY THE BOARD (E.G: CUSTOMER SERVICE, RELATIONSHIPS, IMAGE AND AWARENESS, RESOURCES). THE EXECUTIVE COMMITTEE MEETS IN EXECUTIVE SESSION TO REVIEW THE CEO'S PERFORMANCE AND DETERMINE ANY COMPENSATION CHANGES TO BE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. ANY COMPENSATION CHANGES ARE BASED ON A RECENT COMPARISON TO LIKE ORGANIZATION CEO PAY SCALES (RETRIEVED FROM GUIDESTAR'S 990 DATABANK ANNUAL PERFORMANCE, AND OVERALL LENGTH OF SERVICE PERFORMANCE. ANY DELIBERATION AND DECISION(S) ARE DOCUMENTED BY THE EXECUTIVE COMMITTEE CHAIR IN THE FORM OF A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. THE FINAL RECOMMENDATION(S) OF THE EXECUTIVE COMMITTEE ARE THEN VOTED ON BY THE FULL BOARD OF DIRECTORS WHICH IS DOCUMENTED IN A PAYROLL CHANGE MEMO AND SIGNED BY AN OFFICER, IN ADDITION TO THE MINUTES OF THE EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.