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          <BusinessNameLine1Txt>FUTURE BUSINESS LEADERS OF AMERICA - PHI BETA LAMBDA - WISCONSIN</BusinessNameLine1Txt>
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          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
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        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
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        <PurposeOfGrantTxt>MEMBER SUPPORT</PurposeOfGrantTxt>
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        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL OF OUR GRANTS ARE GENERAL PURPOSE DOLLARS SENT TO LOCAL WISCONSIN FBLA CHAPTERS (I.E. A HIGH SCHOOL'S CHAPTER). THE LOCAL CHAPTERS MUST QUALIFY TO RECEIVE THE DOLLARS BY EITHER BEING NEW/REACTIVATED WITH A MINIMUM NUMBER OF MEMBES (AS VERIFIED BY THE WISCONSIN FBLA STATE OFFICE / NATIONAL OFFICE REPORTS) OR ACHIEVING A CERTAIN RECOGNITION LEVEL IN THE CHAPTER OF THE YEAR PROCESS (AS VERIFIED BY THE WISCONSIN FBLA STATE OFFICE / NATIONAL OFFICE REPORTS). LOCAL CHAPTERS ARE FREE TO USE THE DOLLARS AT THEIR DISCRETION AND BOUND BY THEIR OWN CHAPTER BYLAWS/RULES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BYLAWS WERE AMENDED IN ARTICLE III, SECTION I TO REFLECT A THREE-YEAR TERMS FOR THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY THE DIRECTORS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. A DIRECTOR OR OFFICER WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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