2022-05-13T08:10:03-05:00 2021-06-30 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-07-01 237157445 FUTURE BUSINESS LEADERS OF AMERICA - PHI BETA LAMBDA INC FUTU 7038603334 1912 ASSOCIATION DRIVE RESTON VA 201911502 ALEXANDER T GRAHAM PRESIDENT & CEO 7038603334 2022-05-10 1 ALEXANDER GRAHAM XXX-XX-XXXX ELIZABETH W HELLER P00397829 2022932200 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUSAN SEUFERER 1912 ASSOCIATION DRIVE RESTON VA 201911502 7913316 0 X WWW.FBLA-PBL.ORG X 1969 DC INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADERS IN A GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES. 16 16 18 432 1000 0 368724 470226 4364769 1331083 256569 774576 74987 1363756 5065049 3939641 291548 280465 0 0 1665333 1685027 0 0 142100 3856331 2197095 5813212 4162587 -748163 -222946 11327997 10851342 1682575 956636 9645422 9894706 X FUTURE BUSINESS LEADERS OF AMERICA-PHI BETA LAMBDA (FBLA-PBL) INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADERS IN A GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES. EACH YEAR, FBLA-PBL HELPS OVER 200,000 STUDENTS IN MIDDLE SCHOOL, HIGH SCHOOL, AND IN COLLEGES AND UNIVERSITIES PREPARE FOR CAREERS IN BUSINESS THROUGH ACADEMIC COMPETITIONS, COMMUNITY SERVICE, EDUCATION PROGRAMS, AND LEADERSHIP DEVELOPMENT. 0 0 1007286 558034 CONFERENCES: FBLA-PBL'S NATIONAL CONFERENCES HELP STUDENTS PREPARE FOR CAREERS IN BUSINESS BY FOCUSING ON ACADEMIC COMPETITIONS (NATIONAL AWARDS PROGRAM) AND LEADERSHIP DEVELOPMENT. IN THE FALL OF 2020, THE PANDEMIC IMPACTED FBLA-PBL'S DELIVERY OF CONFERENCES TO MEMBERS, BUT THE ORGANIZATION WAS ABLE TO HOST AN ONLINE NATIONAL LEADERSHIP CONFERENCE IN JUNE 2021 AND THROUGH JULY 2, 2021 FOR THE THREE STUDENT-MEMBER DIVISIONS. THE REGISTRATION WAS 12,085, EXCEEDING THE 2020 NATIONAL LEADERSHIP EXPERIENCE THE PREVIOUS YEAR BY NEARLY 1000 ATTENDEES. AT THIS ONLINE CONFERENCE, ATTENDEES WERE ABLE TO PARTICIPATE IN MORE THAN 50 WORKSHOPS, LEARN FROM KEYNOTE SPEAKERS, AND ENGAGE WITH OTHER ATTENDEES VIA THE CONFERENCE APP. 911195 772049 MEMBERSHIP:FBLA-PBL IS THE LARGEST CAREER STUDENT BUSINESS ORGANIZATION IN THE WORLD. REPRESENTING MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE, MEMBERS CONTRIBUTE TO THEIR COMMUNITIES AND SCHOOLS WHILE MAXIMIZING THEIR OWN POTENTIAL. IN 2020-21 THERE WAS A COMBINED TOTAL OF 114,241 MEMBERS IN THE THREE DIVISIONS AND A TOTAL OF 4,729 ACTIVE CHAPTERS. 908662 280465 AWARDS:THE FBLA-PBL NATIONAL AWARDS PROGRAM, ALSO KNOWN AS COMPETITIVE EVENTS, RECOGNIZES AND REWARDS EXCELLENCE IN A BROAD RANGE OF BUSINESS AND CAREER-RELATED AREAS. AT THE 2021 NATIONAL LEADERSHIP CONFERENCE EVENT, 7,822 HIGH SCHOOL AND 1,152 COLLEGIATE COMPETITORS COMPETED IN EVENTS YIELDING MORE THAN $110,000 IN CASH AWARDS. 215011 NATIONAL OFFICERS 139455 1000 PUBLICATIONS 354466 1000 3181609 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 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 29 0 1 18 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MARY AIT 7038603334 1912 ASSOCIATION DRIVE RESTON VA 201911502 RONALD W PIERCE PAST CHAIR (TO 4/21) 5.00 X X 0 0 0 SUSAN SEUFERER CHAIR (AS OF 8/20) 5.00 X X 0 0 0 RYAN PAUL CHAIR-ELECT 1.00 X X 0 0 0 ROBERT J KOLLAR TREASURER 1.00 X X 0 0 0 KRISTEN DI STEFANO SECRETARY 1.00 X X 0 0 0 TRAVIS JOHNSON FBLA NATIONAL PRESIDENT (TO 7/20) 1.00 X 0 0 0 DREW LOJEWSKY FBLA NATIONAL PRESIDENT (AS OF 8/20) 1.00 X 0 0 0 MAX MICHEL PBL NATIONAL PRESIDENT (TO 7/20) 1.00 X 0 0 0 ELLIE MURPHY PBL NATIONAL PRESIDENT (AS OF 8/20) 1.00 X 0 0 0 ALAN RZEPKOWSKI PD NATIONAL PRESIDENT 1.00 X 0 0 0 CHRIS DZURICK DIRECTOR 1.00 X 0 0 0 DAN HAZLETT DIRECTOR 1.00 X 0 0 0 DAVID E JONES DIRECTOR 1.00 X 0 0 0 BRENDA MERKEL DIRECTOR 1.00 X 0 0 0 PETER RUSTEMEYER DIRECTOR 1.00 X 0 0 0 JILL JOHNSON DIRECTOR 1.00 X 0 0 0 BRANDON GRIFFIN DIRECTOR 1.00 X 0 0 0 ERIN SHERMAN DIRECTOR 1.00 X 0 0 0 ALEXANDER T GRAHAM PRESIDENT & CEO 40.00 X 314076 0 20296 GABRIELLE S GALLAGHER DIRECTOR, EDUCATION PROGRAMS 40.00 X 101696 0 7137 KELLY SCHOLL DIRECTOR, EDUCATION 40.00 X 108493 0 20654 JEAN M BUCKLEY FORMER PRESIDENT & CEO 0.00 X 942173 0 26590 1466438 0 74677 4 1 1 0 O'CONNOR CONSULTING SERVICES LLC 4770 HOWARD PLACE CHESAPEAKE BEACH MD 20732 CONSULTING SERVICES 225052 HIGHER LOGIC LLC LOCATION 111 PO BOX 645579 PITTSBURGH PA 152645253 IT SOFTWARE SERVICES 174542 DELCOR TECHNOLOGY SOLUTIONS INC 8380 COLESVILLE RD 550 SILVER SPRING MD 20910 IT SERVICES 173867 STRIVE3 11921 FREEDOM DRIVE SUITE 550 RESTON VA 20190 VIDEO PRODUCTION 146274 EDGE PRODUCTIONS 5601 HUETTNER DRIVE NORMAN OK 73069 ONLINE EVENT PRODUCTION 128435 5 470226 470226 MEMBERSHIP DUES 900099 772049 772049 CONFERENCES 900099 547550 547550 COMMISSIONS 900099 10484 10484 ADVERTISING 541800 1000 1000 1331083 158504 158504 43981 43981 4589747 3973675 616072 616072 616072 EVENT CANCELLATION INSURANCE PROC 900099 1202775 1202775 EMPLOYEE RETENTION TAX CREDIT 900099 65355 65355 MISCELLANEOUS 900099 48725 48725 2920 2920 1319775 3939641 1330083 1000 2138332 X 280465 280465 396483 284120 84609 27754 887945 636281 189408 62256 151394 108489 32307 10598 148906 106706 31777 10423 100299 71874 21404 7021 75711 32589 42822 300 40913 40913 19970 19970 881050 684589 196461 913 913 750663 675682 61840 13141 72935 53071 14954 4910 103871 70614 33203 54 6655 6480 175 58871 46537 9285 3049 50927 2286 48641 134616 121826 10196 2594 4162587 3181609 838878 142100 2324696 165167 781401 172832 24614 4862 423972 255252 2343542 1596491 714913 747051 6461111 9406717 597290 99461 11327997 10851342 257517 316605 904833 415192 0 202444 520225 22395 1682575 956636 X 9249909 9409362 395513 485344 9645422 9894706 11327997 10851342 -222946 38052 434178 0 X X 0 0 0 X 1981681 1997650 1909896 1656857 1242275 8788359 2875047 3076616 2935739 3067833 558034 12513269 4856728 5074266 4845635 4724690 1800309 21301628 0 0 0 21301628 201695 273277 302017 306887 202485 1286361 201695 273277 302017 306887 202485 1286361 14491 1319775 1334266 5058423 5347543 5147652 5046068 3322569 23922255 0.89050 0.94900 0.05380 0.05040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INCOME FROM ACTIVITIES NOT REGULARLY CARRIED ON - 2019 AMOUNT: $ 14,491. 2020 AMOUNT: $ 1,319,775. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77065 X 0 196244 57674 30800 223118 234722 7123 45601 196244 225575 9147 234722 165423 45600 14552 225575 146072 19351 165423 0.00000 0.59000 0.41000 0 0 195385 195385 1763751 1242186 521565 338955 338955 0 45451 15350 30101 747051 DEFERRED COMPENSATION 22395 22395 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 1206 280465 PART I, LINE 2: THE ORGANIZATION MAKES SCHOLARSHIPS AND AWARD PAYMENTS DIRECTLY TO STUDENTS AND FBLA CHAPTERS IN THE UNITED STATES. X X 0 0 0 0 0 0 0 0 0 JEAN M BUCKLEY FORMER PRESIDENT & CEO 0 0 0 0 942173 0 26590 0 0 0 968763 0 578554 0 ALEXANDER T GRAHAM PRESIDENT & CEO 293800 0 20000 0 276 0 20271 0 25 0 334372 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION APPROVED CHANGES TO ITS BY-LAWS ON JUNE 27, 2021. ARTICLES III AND VI WERE AMENDED TO INCLUDE REFERENCES TO MEMBERS AND OFFICERS "IN A POST-SECONDARY PROGRAM AND DELETE REFERENCES TO BUSINESS OR BUSINESS RELATED FIELDS OR EDUCATION. IN ADDITION, ARTICLE VIII WAS AMENDED TO ADD VIRTUAL STATE CHAPTER. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF FBLA-PBL 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-PBL 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 OF THE 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 GUIDSTAR'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. FORM 990, PART IX, LINE 11G CONSULTANTS AND CONTRACTORS: PROGRAM SERVICE EXPENSES 684,589. MANAGEMENT AND GENERAL EXPENSES 196,461. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 881,050. FORM 990, PART XII, LINE 2B: FBLA-PBL ISSUED AUDITED FINANCIAL STATEMENTS USING A LONG PERIOD AS OF AND FOR THE THIRTEEN MONTHS ENDED JULY 31, 2021. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM THE PRIOR YEAR.