Future Leaders Of Excellence Academy
- Assets
- $10.3k
- Revenue
- $506.2k
- Investments
- $0.0
- Employees
- 14
- Location
- Goodlettsville, TN
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-2244763
Organization Overview
Future Leaders Of Excellence Academy is located in Goodlettsville, TN. The organization was established in 2018. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Future Leaders Of Excellence Academy employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Leaders Of Excellence Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Future Leaders Of Excellence Academy generated $506.2k in total revenue. All expenses for the organization totaled $459.6k during the year ending 12/2021. While expenses have increased by 34.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION TO ALL CHILDREN AT THE LEVEL OF DEVELOPMENT THEY ARE IN. OUR PURPOSE IS TO PROVIDE INCLUSIVE CHILDCARE FOR CHILDREN THAT ARE OF TYPICAL AND ATYPICAL DEVELOPMENT. WE WANT TO PREPARE CHILDREN FOR KINDERGARTEN. TO MAXIMIZE THESE EFFORTS WE SEEK COLLABORATION WITH OTHER NON-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURE LEADERS OF EXCELLENCE ACADEMY (FLOE ACADEMY) BEGAN THE YEAR OF 2021 SERVING 28 FAMILIES THAT HAD 33 CHILDREN BETWEEN THEM. WE HAVE HAD A FEW EVENTS AND ACTIVITIES FOR OUR FAMILIES SINCE JANUARY 2021. FLOE ACADEMY RECEIVED THE HIGHEST STATUS (3 STARS) THAT A DAYCARE CAN RECEIVE ON APRIL 1, 2021. WE PUT ON AN EASTER EGG HUNT FOR OUR CHILDREN ON APRIL 1,2021. THE WEEK OF APRIL 12-16, 2021 WE HAD SPIRIT WEEK. THE TEACHERS AND THE CHILDREN DRESSED UP EVERYDAY FOR SPIRIT WEEK. ON APRIL 16, 2021 WE HAD OUR FAMILY APPRECIATION DAY AT THE CENTER. THE PARENTS WERE ALLOWED TO COME IN AND HAVE A SNACK WITH THEIR CHILDREN. WE CATERED THE MEAL OURSELVES HAVING A TACO BAR. ON APRIL 17, 2021 FLOE ACADEMY HAD A YARD SALE AND FISH FRY FUNDRAISER. ON MAY 21, 2021 WE HAD A GRADUATION FOR OUR CHILDREN THAT WERE GOING TO KINDERGARTEN. ON OCTOBER 28, 2021 WE HAD A TRUNK OR TREAT FOR THE CHILDREN AT THE CENTER. ON NOVEMBER 16, 2021 WE HAD A THANKSGIVING LUNCH FOR THE CHILDREN AND STAFF OF THE CENTER. BY THE END OF DECEMBER 2021 WE WERE SERVING 21 FAMILIES THAT HAD 25 CHILDREN BETWEEN THEM. THE AFTERMATH OF COVID-19 CONTINUED TO PUT SOME STRAIN ON OUR BUSINESS IN THE YEAR 2021. THE AMOUNT OF PEOPLE APPLYING FOR JOBS HAS BEEN AT AN ALL TIME LOW FOR THE CENTER. WE ARE HOPING TO REBUILD WITH MOMENTUM AS 2022 CONTINUES.
FUTURE LEADERS OF EXCELLENCE ACADEMY (FLOE ACADEMY) BEGAN THE YEAR OF 2019 SERVING 27 FAMILIES THAT HAD 28 CHILDREN BETWEEN THEM. WE RECEIVED THE HIGHEST STATUS (3 STARS) THAT A DAY-CARE CAN RECEIVE ON MARCH 26, 2019. THERE WERE MULTIPLE ACTIVITIES THROUGHOUT THE YEAR, FROM SPIRIT WEEK AND FAMILY APPREICATION DAY IN APRIL, FALL FESTIVAL IN OCTOBER, TO CHRISTMAS CAROLING IN DECEMBER (TO HIGHLIGHT A FEW). NOVEMBER 21-23, 2019 EIGHT TEACHERS WERE SENT TO THE NAEYC CONFERENCE FOR THREE DAYS OF PROFESSIONAL DEVELOPMENT. THIS WAS MADE POSSIBLE BY OUR JUNE YARD SALE AND FISH FRY. BY THE END OF DECEMBER 2019 WE WERE SERVING 37 FAMILIES THAT HAD 41 CHILDREN BETWEEN THEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Buggs Board Member | Officer | 40 | $60,000 |
Christiane Buggs Treasurer | Officer | $0 | |
Chuquitta Sweat President | Officer | $0 | |
Ryan Clark Board Member | Officer | $0 | |
Brandi Osborne Secretary | Officer | $0 | |
Tibitha Neal Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,630 |
| Total Program Service Revenue | $402,588 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $506,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,247 |
| Payroll taxes | $23,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,400 |
| Advertising and promotion | $1,037 |
| Office expenses | $7,973 |
| Information technology | $4,693 |
| Royalties | $0 |
| Occupancy | $94,969 |
| Travel | $931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $415 |
| Interest | $218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367 |
| Insurance | $5,307 |
| All other expenses | $3,091 |
| Total functional expenses | $459,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,270 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $109,953 |
| Total liabilities | $109,953 |
| Net assets without donor restrictions | -$99,683 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,270 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future Leaders Of Excellence Academy has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR COVID-19 CHILD CARE RELIEF | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Children Of Mississippi Inc Flowood, MS | $32,913,948 | $30,247,963 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |