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Nonprofit · EIN 23-7157540

FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC

Also known as CALIFORNIA

Tax-exempt · OWASSO, OK 74055

Financials

$1.8M$1.7M2022$2.1M$1.9M2023$2.2M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,249,388$2,059,890$189,498$1,075,047$316,391$758,656
June 30, 2024990$2,075,167$1,863,008$212,159$755,334$186,176$569,158
June 30, 2023990$1,782,515$1,713,119$69,396$742,635$385,636$356,999
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$478,067
of which government grants
$223,235
Membership dues
$246,302
Program service revenue
$1,771,320
Investment income
$1
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$47,268
Salaries, compensation and benefits (total)
$52,395
Professional fundraising fees
$0
Accounting fees
$52,375
Travel
$1,130
Program services (functional)
$1,826,569
Management and general (functional)
$233,321

Balance sheet and other

Total assets, start of year
$755,334
Total assets, end of year
$1,075,047
Total liabilities, end of year
$316,391
Net assets, end of year
$758,656
Net assets without donor restrictions
$758,656
Gross receipts
$2,249,388
Employees
8
Volunteers
50
Year formed
1998
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JEFFREY JORDANSecretary
Trustee or director, Officer
2$0
GREGORY FOXCHAIR
Trustee or director, Officer
2$0
PATRICK FROSTMEMBER
Trustee or director
2$0
Shelsy HutchinsonVice Chair
Trustee or director, Officer
2$0
Colby FranklinCDE
Trustee or director
2$0
Edward YoungbloodDirector
Trustee or director, Officer
2$0
Ryan UnderwoodDirector
Officer
2$0
Clara NguyenStudent President
Officer
2$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
JEFFREY JORDANVICE CHAIR
Trustee or director, Officer
2$0
EDWARD YOUNGBLOODTREASURER
Trustee or director, Officer
2$0
GREGORY FOXCHAIR
Trustee or director, Officer
2$0
Alyssa GonzalezSECRETARY
Trustee or director, Officer
2$0
MOLLY ANDERSONSTATE ADVISOR
Trustee or director, Officer
2$0
PATRICK FROSTMEMBER
Trustee or director, Officer
2$0
SHELSY HUTCHISONMEMBER
Trustee or director, Officer
2$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensation
RYAN UNDERWOODEXECUTIVE DIRECTOR
Trustee or director, Officer
2$0
GLENN MORRISCHAIR
Trustee or director, Officer
2$0
JEFFREY JORDANMEMBER
Trustee or director, Officer
2$0
EDWARD YOUNGBLOODMEMBER
Trustee or director, Officer
2$0
GREGORY FOXVICE CHAIR
Trustee or director, Officer
2$0
DANIELLE TOLENTINO TUASONSECRETARY
Trustee or director, Officer
2$0
MOLLY ANDERSONSTATE ADVISOR
Trustee or director, Officer
2$0
PATRICK FROSTMEMBER
Trustee or director, Officer
2$0
SHELSY HUTCHISONMEMBER
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 1440, OWASSO, OK 74055-1440
In care of
% MOLLY ANDERSON
Principal officer (990 for 2024)
Ryan Underwood, PO Box 1440, Owasso, OK 74055
Signed the 990
Ryan Underwood, Director
Phone
(202) 664-1174

Mission

TO PROVIDE AS AN INTEGRAL PART OF THE INSTRUCTIONAL PROGRAM ADDITIONAL OPPORTUNITIES FOR SECONDARY STUDENTS (GRADES7-12) IN BUSINESS AND OR BUSINESS RELATED FIELDS TO DEVELOP VOCATIONAL AND CAREER SUPPORTIVE COMPETENCIES AND TO PROMOTE CIVIC AND PERSONAL RESPONSIBILITIES.

990 for the year ended June 30, 2025

Program accomplishments

  • NATIONAL LEADERSHIP CONFERENCE
    Expenses $366,281 · revenue $375,408
  • STATE LEADERSHIP CONFERENCE
    Expenses $795,849 · revenue $1,032,460
  • REGIONAL CONFERENCES
    Expenses $462,486 · grants $124,000 · revenue $160,340
  • OTHER PROGRAM EXPENSES
    Expenses $201,953

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7157540
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Exempt since
1971
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,075,047
Income (IRS master file)
$2,249,388

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,249,388$2,059,890$1,075,047IRS
990June 2024$2,075,167$1,863,008$755,334XML
990June 2023$1,782,515$1,713,119$742,635XML
990June 2022$1,400,544$1,343,263$648,892IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7157540).

Questions about FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC

What is the EIN of FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC?
The employer identification number (EIN) of FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC is 23-7157540.
Is FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Which annual return does FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC?
The 990 for the year ended June 30, 2025 names Ryan Underwood.
Who are the officers and directors of FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,249,388, expenses of $2,059,890 and total assets of $1,075,047 at year end.

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