Future Leaders Of Excellence Academy
- Assets
- $415.3k
- Revenue
- $680.3k
- Investments
- $0.0
- Employees
- 31
- Location
- Goodlettsville, TN
- Founding
- 03/2018
- Data as of
- 12/2023
- 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 12/2023, Future Leaders Of Excellence Academy employed 31 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 12/2023, Future Leaders Of Excellence Academy generated $680.3k in total revenue. All expenses for the organization totaled $580.8k during the year ending 12/2023. While expenses have increased by 27.6% per year over the past 7 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
2023
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 2023 SERVING 26 FAMILIES THAT HAD 31 CHILDREN BETWEEN THEM. WE HAVE HAD A FEW EVENTS AND ACTIVITIES FOR OUR FAMILIES SINCE JANU-ARY 2023. FLOE ACADEMY RECEIVED THE HIGHEST STATUS (3 STARS) THAT A DAYCARE CAN RECEIVE ON APRIL 1, 2023. ON APRIL 6, 2023 WE HAD OUR FAMILY APPRECIATION DAY AT THE CENTER. THE PARENTS WERE ALLOWED TO COME IN AND HAVE A SNACK WITH THEIR CHILDREN. WE HAD THE SNACK CATERED BY THE CENTER AND IT WAS A MASHED POTATO BAR. WE ALSO HAD AN EASTER EGG HUNT THAT DAY. ON APRIL 15, 2023 FLOE ACADEMY HAD A YARD SALE AND FISH FRY FUNDRAISER. ON MAY 12, 2023 WE HAD MUFFINS WITH MOM IN HONOR OF MOTHER'S DAY. ON JUNE 2, 2023 WE HAD A GRADUATION FOR OUR CHILDREN THAT WERE GOING TO KINDERGARTEN. ON JUNE 16, 2023 WE HAD DONUTS WITH DAD IN HONOR OF FATHER'S DAY. ON JULY 29, 2023 WE HAD A OPEN HOUSE BACK TO SCHOOL BASH AT THE CENTER. WE GAVE AWAY BACKPACKS WITH SUPPLIES, HAD BOUNCE HOUSES, AND FACE PAINT-ING THERE. OCTOBER 7-17, 2023 WE PARTICIPATED IN THE GOODLETTSVILLE, SCARECROW COMPETITION. WE MADE A CAT IN THE HAT SCARECROW AND WON 1ST PLACE. ON OCTOBER 31, 2023 WE HAD A TRUNK OR TREAT FOR THE CHIL-DREN AT THE CENTER. ON NOVEMBER 15, 2023 WE HAD A THANKSGIVING LUNCH FOR THE CHILDREN, FAMILIES, AND STAFF OF THE CENTER. BY THE END OF DECEMBER 2023 WE WERE SERVING 32 FAMILIES THAT HAD 38 CHILDREN BE-TWEEN THEM. THE AFTERMATH OF COVID-19 CONTINUED TO PUT SOME STRAIN ON OUR BUSINESS IN THE YEAR 2023. THE AMOUNT OF PEOPLE APPLYING FOR JOBS CONTINUED TO BE LOW FOR THE CENTER. WE ARE HOPING TO REBUILD WITH MOMENTUM AS 2024 COMES TO AN END.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christiane Buggs Treasurer | Officer | $0 | |
Ryan Clark Board Member | Officer | $0 | |
Sherry Maxwell Board Member | Officer | $0 | |
Tibitha Neal Vice Preside | Officer | $0 | |
Kelechi Ohanaja Board Member | Officer | $0 | |
Brandi Osborne Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $369,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,611 |
| Total Program Service Revenue | $299,728 |
| 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 | $680,339 |
| 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. | $84,208 |
| Compensation of current officers, directors, key employees. | $12,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $542 |
| Fees for services: Accounting | $6,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,684 |
| Advertising and promotion | $5,548 |
| Office expenses | $16,161 |
| Information technology | $690 |
| Royalties | $0 |
| Occupancy | $88,800 |
| Travel | $4,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,271 |
| Interest | $1,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,218 |
| Insurance | $4,229 |
| All other expenses | $4,393 |
| Total functional expenses | $580,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,617 |
| 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 | $5,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,308 |
| Accounts payable and accrued expenses | $15,069 |
| 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 | $88,550 |
| Total liabilities | $103,619 |
| Net assets without donor restrictions | $311,689 |
| 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 | $415,308 |