Future Business Leaders of America- Phi Beta Lambda Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Growing revenue
Future Business Leaders of America- Phi Beta Lambda Inc is a 501(c)(3) organization based in Owasso, Oklahoma, registered in 1971, with $2,075,167 in FY2023 revenue. CharityIndex grades it B.
Po Box 1440, Owasso, OK, 74055 EIN 23-7157540 Since 1971
Revenue (FY2023)
$2.1M
▲ 16.4% vs prior year
Expenses (FY2023)
$1.9M
Net assets
$569K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Future Business Leaders of America- Phi Beta Lambda Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Future Business Leaders of America- Phi Beta Lambda Inc: 4 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Future Business Leaders of America- Phi Beta Lambda Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Future Business Leaders of America- Phi Beta Lambda Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $506K (FY2013) to $2.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $186KNet assets $569K
Operating margin
10.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$755K
Total liabilities
$186K
Net assets
$569K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,075,167▲16.4% | $1,863,008▲8.7% | $569,158▲59.4% | $755,334▲1.7% | 990 |
| 2022 | $1,782,515▲27.3% | $1,713,119▲27.5% | $356,999▲24.1% | $742,635▲14.4% | 990 |
| 2021 | $1,400,544▲226% | $1,343,263▲185% | $287,603▲14.6% | $648,892▲145% | 990 |
| 2020 | $429,998▼10.9% | $470,701▼29.4% | $250,909▼12.4% | $264,355▼9.6% | 990 |
| 2019 | $482,349▼60.2% | $666,406▼36.0% | $286,489▼64.8% | $292,421▼65.5% | 990 |
| 2018 | $1,213,204▲93.4% | $1,041,097▲31.5% | $813,236▲62.2% | $846,700▲38.3% | 990 |
| 2017 | $627,419▲6.5% | $791,934▲25.8% | $501,515▼33.9% | $612,036▼24.6% | 990 |
| 2016 | $589,214▼26.4% | $629,314▼16.0% | $759,135▲27.5% | $812,045▲26.3% | 990 |
| 2015 | $800,308▲44.6% | $749,125▲16.3% | $595,619▼21.9% | $642,914▼37.0% | 990 |
| 2014 | $553,618▲9.4% | $644,102▲53.5% | $762,377▼10.6% | $1,019,826▲18.3% | 990 |
| 2013 | $506,115 | $419,731 | $852,861 | $862,403 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $21K total
1 grant to Future Business Leaders of America- Phi Beta Lambda Inc totaling $21K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | General support | 2017 | $21,156 |
Frequently asked questions
- Is Future Business Leaders of America- Phi Beta Lambda Inc a legitimate nonprofit?
- Yes. Future Business Leaders of America- Phi Beta Lambda Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7157540, based in Owasso, Oklahoma. Donations are tax-deductible.
- What is Future Business Leaders of America- Phi Beta Lambda Inc's EIN?
- Future Business Leaders of America- Phi Beta Lambda Inc's Employer Identification Number (EIN) is 23-7157540.
- How much revenue does Future Business Leaders of America- Phi Beta Lambda Inc report?
- Future Business Leaders of America- Phi Beta Lambda Inc reported $2,075,167 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Future Business Leaders of America- Phi Beta Lambda Inc have?
- CharityIndex grades Future Business Leaders of America- Phi Beta Lambda Inc B, based on financial health (reserves and operating margin).
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Data for Future Business Leaders of America- Phi Beta Lambda Inc (EIN 23-7157540) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.