FBLA TBL May 22 - 12

FINANCIAL
RESOURCES
The following financial statements are based
on the Board of Directors' approved report as
presented by RSM, a national tax, audit, and
consulting firm. The statements are for the
program year of July 1, 2020-June 30, 2021.
FBLA-PBL business model has been based on
traditional sources of income for conference
registrations and membership dues.
Future Business Leaders of America-Phi Beta Lambda, Inc.
Statements of Financial Position
June 30, 2021 and 2020
2021
Assets
Cash and cash equivalents
Investments
Receivables
Prepaid expenses
Deferred compensation investment
Property and equipment, net
Collectibles and artwork
Total assets
Liabilities and Net Assets
Liabilities:
Accounts payable and accrued expenses
Deferred membership dues
Note payable
Deferred conference revenue
Deferred compensation obligation
Total liabilities
Commitments and contingencies
Net assets:
Without donor restrictions
With donor restrictions
Total net assets
Total liabilities and net assets
9,302,499
480,697
9,783,196
$10,435,182
9,249,909
395,513
9,645,422
$11,327,997
$402,647
-
202,444
7,000
39,895
651,986
$257,517
142,363
-
762,470
520,225
1,682,575
$66,749
9,317,288
17,189
203,720
39,895
713,276
77,065
$10,435,182
2020
$2,324,696
7,242,512
24,614
423,972
520,225
714,913
77,065
$11,327,997
12 | 2021-2022 LEADERSHIP REPORT | FBLA

FBLA TBL May 22

Table of Contents for the Digital Edition of FBLA TBL May 22

FBLA TBL May 22 - 1
FBLA TBL May 22 - 2
FBLA TBL May 22 - 3
FBLA TBL May 22 - 4
FBLA TBL May 22 - 5
FBLA TBL May 22 - 6
FBLA TBL May 22 - 7
FBLA TBL May 22 - 8
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https://www.nxtbook.com/fbla/fbla/TBLLateFall2020
https://www.nxtbook.com/fbla/fbla/TBLSummerFall2020
https://www.nxtbook.com/fbla/fbla/TBLSpecialEditionNLE2020
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