TY 2013 Form 990 Schedule O

efile Public Visual Render ObjectId: 201540799349300409 - Submission: 2015-03-20 TIN: 23-7157445

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

FUTURE BUSINESS LEADERS OF AMERICA
- PHI BETA LAMbDA

Employer identification number

23-7157445

Return Reference	Explanation
ORGANIZATION MEMBERS	part vi section a line 6 and 7a THE MEMBERS OF FBLA-PBL ARE STUDENTS WHO elect the student representatives of the governing body.
REVIEW PROCESS OF 990	part vi section a line 11B THE 990 IS CHECKED AND REVIEWED BY THE ACCOUNTING DEPARTMENT, CEO AND PRESIDENT.
CONFLICT OF INTEREST POLICY	part vi section b line 12c ACKNOWLEDGEMENT AND DISCLOSURE FORMS ARE SIGNED ANNUALLY BY THE BOARD OF DIRECTORS AND NATIONAL HEADQUARTERS STAFF.
PROCESS FOR DETERMINING COMPENSATION	part vi section b line 15b ANNUALLY THE PRESIDENT & CEO PROVIDES IN WRITING TO THE EXECUTIVE COMMITTEE AND IN PRESENTATION TO THE FULL BOARD OF DIRECTORS A SUMMARY OF ACHIEVEMENTS FOR THE PAST YEAR AND OVERALL MANAGEMENT AND STEWARDSHIP OF THE ASSOCIATION. THESE ARE ORGANIZED BY THE ORGANIZATION'S FOUR GOAL AREAS AND STRATEGIC OBJECTIVES APPROVED BY THE BOARD (E.G.: CUSTOMER SERVICE, RELATIONSHIPS, IMAGE AND AWARENESS, RESOURCES). THE EXECUTIVE COMMITTEE MEETS IN EXECUTIVE SESSION TO REVIEW THE CEO'S PERFORMANCE AND DETERMINE ANY COMPENSATION CHANGES TO BE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. ANY COMPENSATION CHANGES ARE BASED ON A RECENT COMPARISON TO LIKE ORGANIZATION CEO PAY SCALES (RETRIEVED FROM GUIDESTAR'S 990 DATABANK) ANNUAL PERFORMANCE, AND OVERALL LENGTH OF SERVICE PERFORMANCE. ANY DELIBERATION AND DECISION(S) ARE DOCUMENTED BY THE PERSONNEL COMMITTEE CHAIR IN THE FORM OF A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. THE FINAL RECOMMENDATIONS(S) OF THE EXECUTIVE COMMITTEE ARE THEN VOTED ON BY THE FULL BOARD OF DIRECTORS WHICH IS DOCUMENTED IN A PAYROLL CHANGE MEMO AND SIGNED BY AN OFFICER, IN ADDITION TO THE MINUTES OF THE EXECUTIVE SESSION.
DOCUMENTS MADE AVAILABLE TO THE PUBLIC	part vi section c line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.

Return Reference

Explanation

ORGANIZATION MEMBERS

part vi section a line 6 and 7a THE MEMBERS OF FBLA-PBL ARE STUDENTS WHO elect the student representatives of the governing body.

REVIEW PROCESS OF 990

part vi section a line 11B THE 990 IS CHECKED AND REVIEWED BY THE ACCOUNTING DEPARTMENT, CEO AND PRESIDENT.

CONFLICT OF INTEREST POLICY

part vi section b line 12c ACKNOWLEDGEMENT AND DISCLOSURE FORMS ARE SIGNED ANNUALLY BY THE BOARD OF DIRECTORS AND NATIONAL HEADQUARTERS STAFF.

PROCESS FOR DETERMINING COMPENSATION

part vi section b line 15b ANNUALLY THE PRESIDENT & CEO PROVIDES IN WRITING TO THE EXECUTIVE COMMITTEE AND IN PRESENTATION TO THE FULL BOARD OF DIRECTORS A SUMMARY OF ACHIEVEMENTS FOR THE PAST YEAR AND OVERALL MANAGEMENT AND STEWARDSHIP OF THE ASSOCIATION. THESE ARE ORGANIZED BY THE ORGANIZATION'S FOUR GOAL AREAS AND STRATEGIC OBJECTIVES APPROVED BY THE BOARD (E.G.: CUSTOMER SERVICE, RELATIONSHIPS, IMAGE AND AWARENESS, RESOURCES). THE EXECUTIVE COMMITTEE MEETS IN EXECUTIVE SESSION TO REVIEW THE CEO'S PERFORMANCE AND DETERMINE ANY COMPENSATION CHANGES TO BE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. ANY COMPENSATION CHANGES ARE BASED ON A RECENT COMPARISON TO LIKE ORGANIZATION CEO PAY SCALES (RETRIEVED FROM GUIDESTAR'S 990 DATABANK) ANNUAL PERFORMANCE, AND OVERALL LENGTH OF SERVICE PERFORMANCE. ANY DELIBERATION AND DECISION(S) ARE DOCUMENTED BY THE PERSONNEL COMMITTEE CHAIR IN THE FORM OF A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. THE FINAL RECOMMENDATIONS(S) OF THE EXECUTIVE COMMITTEE ARE THEN VOTED ON BY THE FULL BOARD OF DIRECTORS WHICH IS DOCUMENTED IN A PAYROLL CHANGE MEMO AND SIGNED BY AN OFFICER, IN ADDITION TO THE MINUTES OF THE EXECUTIVE SESSION.

DOCUMENTS MADE AVAILABLE TO THE PUBLIC

part vi section c line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Software ID:
Software Version: