Overview
What is Future Business Leaders Of America- Phi Beta Lambda Inc?
Future Business Leaders of America-Phi Beta Lambda Inc is a nonprofit organization, catering to students in grades 7-12. Its primary purpose is to offer supplementary educational opportunities in business and related fields, empowering students to hone vocational competencies, career skills, and cultivate civic and personal responsibilities. This is achieved through national and state conferences, providing a platform for students to expand their learning beyond the classroom.
Official website here: www.cafbla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. The organization demonstrates a strong focus on program expenses, with a program expense ratio of 94.14%, indicating that a significant portion of its resources is allocated towards fulfilling its mission. Additionally, it has achieved full marks for having a majority of independent board members and maintaining the integrity of its financial assets.
However, there are notable weaknesses in several accountability aspects. The nonprofit lacks essential governance policies such as a conflict of interest policy, whistleblower policy, and a document retention policy, which are critical for transparency and accountability. Furthermore, the absence of financial statements posted on their website raises concerns about public accessibility to important financial information.
Overall, while Future Business Leaders of America-Phi Beta Lambda Inc shows commitment to its educational mission through high program spending, it needs to improve its governance and transparency practices to foster greater trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Future Business Leaders Of America- Phi Beta Lambda Inc legitimate?
Future Business Leaders Of America- Phi Beta Lambda Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Business Leaders Of America- Phi Beta Lambda 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: $83,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cafbla.org
What is the mission statement of Future Business Leaders Of America- Phi Beta Lambda Inc?
Future Business Leaders of America-Phi Beta Lambda Inc. aims to enhance the educational program for secondary students, specifically grades 7-12, in business and related fields. The organization offers additional opportunities to foster vocational and career-supportive competencies. Moreover, it promotes civic and personal responsibilities among these students, aiming to prepare them for future professional endeavors. Through national and state conferences, FBLA-PBL encourages the development of leadership skills in these young individuals.
Official website here: www.cafbla.org
Who is the CEO of Future Business Leaders Of America- Phi Beta Lambda Inc?
Ryan Underwood is the Executive Director of Future Business Leaders Of America- Phi Beta Lambda Inc.
Official website here: www.cafbla.org
What is the revenue of Future Business Leaders Of America- Phi Beta Lambda Inc?
Future Business Leaders Of America- Phi Beta Lambda Inc's revenue in 2022 was $1,400,544.
Official website here: www.cafbla.org
Who are the executives of Future Business Leaders Of America- Phi Beta Lambda Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.cafbla.org
Where can I find the form 990 for Future Business Leaders Of America- Phi Beta Lambda Inc?
Future Business Leaders Of America- Phi Beta Lambda Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cafbla.org
Learn more at the official website: www.cafbla.org
Mission Statement of Future Business Leaders Of America- Phi Beta Lambda Inc
Future Business Leaders of America-Phi Beta Lambda Inc, as part of the educational program, offers additional chances for secondary students in business or related fields. The organization's primary mission is to foster vocational and career-supportive competencies in these students, while also promoting civic and personal responsibilities. By providing opportunities through national and state conferences, Future Business Leaders of America-Phi Beta Lambda Inc empowers students in grades 7-12 to develop essential leadership skills within the business sector.
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Impact
October, 2024
Future Business Leaders Of America-Phi Beta Lambda Inc. significantly enhances the educational experience for secondary students by providing essential opportunities to develop vocational skills and competencies in business-related fields. By participating in national and state conferences, students in grades 7-12 cultivate leadership abilities and practical knowledge that prepare them for future careers. This organization not only focuses on skill development but also emphasizes civic and personal responsibilities, fostering a well-rounded approach to professional growth. Through its programs, FBLA-PBL helps empower the next generation of business leaders, equipping them with the tools they need to succeed in a competitive workforce.
This information is meant to be a general summary of Future Business Leaders Of America- Phi Beta Lambda 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: $58
- Program Service Revenue: $1,015,604
- Gross Receipts: $1,400,544
Assets and Liabilities:
- Total Assets: $648,892
- Total Liabilities: $361,289
- Net Assets: $287,603
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,015,604
Organization Details
Founding Year
1998
Phone
(202) 664-1174Principal Officer
Ryan Underwood
Main Address
PO Box 1440, OWASSO, OK, 74055
Website
www.cafbla.orgNTEE Category
Code: O03 - Youth development
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