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 990-EZ 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
2014
Open to Public
Inspection
Name of the organization
FUTURE BUSINESS LEADERS OF AMERICA
- PHI BETA LAMBDA
Employer identification number

23-7157445
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION MEMBERS THE MEMBERS OF FBLA-PBL ARE STUDENTS WHO ELECT THE STUDENT REPRESENTATIVES OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION MEMBERS THE MEMBERS OF FBLA-PBL ARE STUDENTS WHO ELECT THE STUDENT REPRESENTATIVES OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11 REVIEW PROCESS OF FORM 990 THE 990 IS CHECKED AND REVIEWED BY THE ACCOUNTING DEPARTMENT, CEO AND THE PRESIDENT.
FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST POLICY ACKNOWLEDGEMENT AND DISCLOSURE FORMS ARE SIGNED ANNUALLY BY THE BOARD OF DIRECTORS AND NATIONAL HEADQUARTERS STAFF.
FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION 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.
FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF CERTAIN DOCUMENTS THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 600,690. MANAGEMENT AND GENERAL EXPENSES 38,174. FUNDRAISING EXPENSES 36,970. TOTAL EXPENSES 675,834.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

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