Overview
What is Future Business Leaders Of America Inc?
Future Business Leaders of America Inc, based in Reston, Virginia, is a nonprofit organization dedicated to fostering future business leaders. Through its National Conferences, the organization provides career preparation and leadership development opportunities for students, hosting competitions and workshops. The most recent event, in 2022, attracted over 12,000 attendees in Chicago, Illinois. With a mission to inspire and prepare students for community-focused business careers in a global society, FBLA-PBL serves over 160,000 students annually through academic competitions, community service, education programs, and leadership development. The organization is staffed by 22 dedicated individuals.
Official website here: www.fbla-pbl.org
What are the reviews and ratings of this charity?
Future Business Leaders Of America Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, with an overall score of 96%. This high rating is solely based on its Accountability & Finance metrics, highlighting the organization’s strong financial management and adherence to nonprofit best practices. The evaluation process reveals that all board members are independent, ensuring effective governance, while the organization demonstrates robust financial oversight.
The organization’s financial health is emphasized by its strong program expense ratio of 75.59%, which indicates that a significant portion of its budget is directed towards its mission. Furthermore, the absence of material diversions of assets suggests a commitment to financial integrity. Policies on conflict of interest, whistleblower protections, and proper document management are also in place, illustrating a high level of accountability.
However, it is important to note that the charity has not been assessed on its impact, leadership, or community engagement. This leaves some gaps in understanding the broader effectiveness of its programs, which could be of concern for potential donors seeking comprehensive insights into tangible outcomes. User reviews from GreatNonprofits could not be fetched, so personalized feedback from those directly involved with the organization is currently not available.
This AI summary has been generated from information found on Charity Navigator.
Is Future Business Leaders Of America Inc legitimate?
Future Business Leaders Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Business Leaders Of America Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $362,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,036,512
For more financial information, click here
Official website here: www.fbla-pbl.org
What is the mission statement of Future Business Leaders Of America Inc?
The mission of Future Business Leaders of America Inc., often abbreviated as FBLA-PBL, is to inspire and prepare students to become responsible business leaders in a global society. They achieve this by offering relevant career preparation and leadership experiences. Each year, FBLA-PBL assists over 160,000 students, ranging from middle school to college level, in preparing for business careers through academic competitions, community service, educational programs, and leadership development. By doing so, they aim to equip these future leaders with the necessary skills and experiences to contribute positively to their communities and the world at large.
Official website here: www.fbla-pbl.org
Who is the CEO of Future Business Leaders Of America Inc?
Ryan Paul is the Chair of Future Business Leaders Of America Inc. The CEO's salary of Future Business Leaders Of America Inc is $313,949 and their total compensation is $360,291.
Official website here: www.fbla-pbl.org
What is the revenue of Future Business Leaders Of America Inc?
Future Business Leaders Of America Inc's revenue in 2022 was $9,363,546.
Official website here: www.fbla-pbl.org
Who are the executives of Future Business Leaders Of America Inc and what are their salaries?
The average compensation at Future Business Leaders Of America Inc during 2022 was $63,596. There are 22 employees and 510 volunteers at Future Business Leaders Of America Inc.
Here are 19 key members and their salaries (Future Business Leaders Of America Inc's CEO's salary is $313,949 and their total compensation is $360,291):
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- Compensation: $313,949
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- Other: $13,511
- Compensation: $111,748
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- Other: $23,235
Official website here: www.fbla-pbl.org
Where can I find the form 990 for Future Business Leaders Of America Inc?
Future Business Leaders Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fbla-pbl.org
Learn more at the official website: www.fbla-pbl.org
Mission Statement of Future Business Leaders Of America Inc
Future Business Leaders of America Inc, often referred to as FBLA-PBL, is an organization dedicated to inspiring and preparing students to become compassionate business leaders in a global society. Through their mission, they aim to equip over 160,000 students annually, spanning middle school, high school, and college levels, with the necessary career preparation and leadership experiences. FBLA-PBL achieves this goal by offering a variety of initiatives, including academic competitions, community service, education programs, and leadership development opportunities. By participating in these activities, students not only enhance their business skills but also cultivate a sense of responsibility towards their communities, preparing them for successful careers in a diverse and interconnected world.
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Impact
October, 2024
Future Business Leaders of America Inc. significantly influences the development of aspiring young professionals by equipping them with the necessary skills and experiences to become effective business leaders. Through comprehensive programs, it inspires over 160,000 students annually—from middle school to college—by providing opportunities for relevant career preparation and leadership development.
One of the key components of FBLA's impact is its national leadership conferences, where thousands of attendees engage in academic competitions and workshops designed to enhance their business acumen. The involvement of keynote speakers and hands-on activities during these conferences catalyzes personal growth and encourages the cultivation of essential skills.
Moreover, FBLA promotes community-mindedness, urging students to connect their business pursuits with community service initiatives. This holistic approach not only prepares students for specific careers but also instills a sense of responsibility to their communities and the broader global society.
Overall, FBLA fosters a spirit of collaboration and competition among future business leaders, preparing them to navigate the complexities of the business world while prioritizing ethical practices and community contributions. This multifaceted impact creates a generation of leaders who are not only skilled in business but also committed to making a positive difference in society.
This information is meant to be a general summary of Future Business Leaders Of America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,625,685
- Program Service Revenue: $5,103,210
- Gross Receipts: $10,036,402
Assets and Liabilities:
- Total Assets: $12,546,685
- Total Liabilities: $2,478,596
- Net Assets: $10,068,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$3,622,312
MEMBERSHIP DUES
Revenue
$1,014,232
COMMISSIONS
Revenue
$446,566
ADVERTISING
Revenue
$20,100
Organization Details
Founding Year
1969
Phone
(703) 860-1839Principal Officer
Ryan Paul
Main Address
12100 SUNSET HILLS ROAD 200, RESTON, VA, 20190
Website
www.fbla-pbl.orgNTEE Category
Code: O03 - Youth development
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