FUTURE BUSINESS LEADERS OF AMERICA INC

EIN: 237157445 501(c)(3)

RESTON, VA

Total Revenue
$5,211,463
Total Expenses
$7,549,571
Total Assets
$9,405,498
Net Assets
$7,973,138
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
DC
Principal Officer
CHRISTOPHER DURZICK
Phone
7038601839
Tax Period
2022-08-01 to 2023-07-31

FUTURE BUSINESS LEADERS OF AMERICA - PHI BETA LAMBDA, founded in 1969, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2017. Expenses of $5.0M left a modest 6% surplus.

Mission

INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADER IN GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $120,012
Program Service Revenue $4,779,523
Investment Income $223,246
Other Revenue $88,682
TOTAL REVENUE $5,211,463

Expense Breakdown

Grants Paid $185,420
Salaries & Benefits $1,960,438
Fundraising Expenses $191,965
Program Expenses $5,164,018
Other Expenses $5,403,713
TOTAL EXPENSES $7,549,571

Year-over-Year Comparison

2022 2021 Change
Revenue $5,211,463 $9,363,546 -0.4%
Expenses $7,549,571 $8,277,766 -0.1%
Net Income $-2,338,108 $1,085,780 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
22
Volunteers
550

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$349,936
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS DZURICK CHAIR 5.00
Officer Director
$0 $0 $0
ROBERT J KOLLAR CHAIR ELECT 1.00
Officer Director
$0 $0 $0
JENNIFER CLAUS TREASURER 1.00
Officer Director
$0 $0 $0
ERIN SHERMAN SECRETARY 1.00
Officer Director
$0 $0 $0
ARRAV DAGAR FBLA NATIONAL PRESIDENT 1.00
Director
$0 $0 $0
MADISON KRAEMER COLLEGIATE NATIONAL PRESIDENT 1.00
Director
$0 $0 $0
SHAYLA DAVIDSON DIRECTOR - UNTIL 11/2022 1.00
Director
$0 $0 $0
BRANDON GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
DAN HAZLETT DIRECTOR 1.00
Director
$0 $0 $0
JAN IMHOFF DIRECTOR 1.00
Director
$0 $0 $0
ERIC MCGARVEY DIRECTOR 1.00
Director
$0 $0 $0
WENDY MILLS DIRECTOR 1.00
Director
$0 $0 $0
RYAN PAUL DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA PEREZ DIRECTOR 1.00
Director
$0 $0 $0
JEN STALEY DIRECTOR - UNTIL 12/2022 1.00
Director
$0 $0 $0
SAMEER SOMOL DIRECTOR 1.00
Director
$0 $0 $0
SARAH WAMSLEY DIRECTOR 1.00
Director
$0 $0 $0
EDWARD WILKINS DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER T GRAHAM PRESIDENT AND CEO 40.00
Officer
$305,436 $44,500 $349,936
KELLY SCHOLL DIRECTOR OF AWARDS - UNTIL 11/2022 40.00
Highest
$104,901 $0 $104,901
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,211,463 $7,549,571 $9,405,498 $-2,338,108
2022 $9,363,546 $8,277,766 $12,546,685 $1,085,780
2021 $583,574 $602,105 $10,435,182 $-18,531
2021 $3,939,641 $4,162,587 $10,851,342 $-222,946
2020 $5,065,049 $5,813,212 $11,327,997 $-748,163
2019 $5,185,533 $5,307,559 $13,606,097 $-122,026
2018 $5,361,369 $5,045,379 $13,800,565 $315,990
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