Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Future Leaders of Excellence Academy
EIN 82-2244763 • 501(c)3 • Goodlettsville, TN
Pub. 78 Eligible
Profile
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.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.31x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Balance Sheet
Assets
Down$354,172
Down $61,136 (-15%) from 2023
Liabilities
Up$108,908
Up $5,289 (+5.1%) from 2023
Net Assets
Down$245,264
Down $66,425 (-21%) from 2023
Revenue
Up$699,917
Up $19,578 (+2.9%) from 2023
Expenses
Up$757,122
Up $176,304 (+30%) from 2023
Net Income
Down-$57,205
Down $156,726 (-157%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $354,172
- Liabilities
- $108,908
- Net assets
- $245,264
- Revenue
- $699,917
- Expenses
- $757,122
- Net income
- -$57,205
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 25, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $699,917
Mission and Program Overview
Mission
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $409,617 | $342,881 | ▼ $66,736 |
| Land, Buildings, and Equipment, Net | $5,691 | $11,291 | ▲ $5,600 |
| Total Assets | $415,308 | $354,172 | ▼ $61,136 |
| Liabilities | |||
| Other Liabilities | $88,550 | $88,553 | ▲ $3 |
| Accounts Payable and Accrued Expenses | $15,069 | $20,355 | ▲ $5,286 |
| Total Liabilities | $103,619 | $108,908 | ▲ $5,289 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $311,689 | $245,264 | ▼ $66,425 |
| Total Net Assets Fund Balance | $311,689 | $245,264 | ▼ $66,425 |
| Total Liabilities and Net Assets / Fund Balance | $415,308 | $354,172 | ▼ $61,136 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $11,291 | $29,336 | $40,627 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Chuquitta Sweat | President |
| Kelechi Ohanaja | Board Member |
| Ryan Clark | Board Member |
| Sherry Maxwell | Board Member |
| Brandi Osborne | Secretary |
| Christiane Buggs | Treasurer |
| Tibitha Neal | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $382,693
- Program Service Revenue
- $317,224
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $2,311
- Change in Net Assets
- $-57,205
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $483,157 |
| Other Expenses | $273,965 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $348,395 | - | - | $348,395 |
| Occupancy | $99,579 | - | - | $99,579 |
| Current Officers, Directors, Trustees, and Key Employees | $77,075 | $13,601 | - | $90,676 |
| Payroll Taxes | $31,189 | $5,194 | - | $36,383 |
| Office Expenses | $16,959 | - | - | $16,959 |
| Travel | $8,994 | $999 | - | $9,993 |
| Other Employee Benefits | $7,703 | - | - | $7,703 |
| Depreciation Depletion | $5,479 | - | - | $5,479 |
| Insurance | $2,487 | $2,431 | - | $4,918 |
| Advertising | $4,888 | - | - | $4,888 |
| All Other Expenses | $3,112 | $1,734 | - | $4,846 |
| Other Expenses | $4,653 | $643 | - | $4,653 |
| Interest | $2,227 | $2,228 | - | $4,455 |
| Fees for Services Accounting | - | $4,380 | - | $4,380 |
| Fees for Services Legal | - | $3,398 | - | $3,398 |
| Information Technology | $3,332 | - | - | $3,332 |
| Conferences and Meetings | $1,693 | $299 | - | $1,992 |
| Total Functional Expenses | $717,070 | $40,052 | $0 | $757,122 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Loans Payable | $88,550 |
| Payroll Liabilities | $3 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 11B
“A copy is provided to the board for review and approval before submission.”
Form 990, Page 6, Part VI, Line 19
“No documents available to the public”
Filing and Contact Details
Filer
- Filer Name
- Future Leaders of Excellence
- EIN
- 82-2244763
- Phone
- 6152398261
- Address
- 708 S DICKERSON PIKE, GOODLETTSVILLE, TN 37072
Signing Officer
- Name
- Leslie Buggs
- Title
- Executive Director
- Phone
- 6152398261
- Signed
- 2025-10-25
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Leslie Buggs
- Formed
- 2017
- Legal Domicile
- Tn
- Voting Board Members
- 8
- Independent Board Members
- 0
- Employees
- 35
Preparer
- Firm
- Ade Consulting
- Address
- 608 MALTA DR, NASHVILLE, TN 37207-3616
- Preparer
- Kysa G Smith - Estes
- Phone
- 6152106963
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“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.”
Form 990, Page 2, Part III, Line 4A
“Future leaders of excellence academy (floe academy) began the year of 2024 serving 32 families that had 38 children between them. We have had a few events and activities for our families since january 2024. The first week of march we had our spirit week in honor of read across america week. Everyday the teachers and children dressed up. On march 28, 2024 we did pictures with the easter bunny and had our annual easter egg hunt. Floe academy received the highest status that a daycare can receive on april 1, 2024. On april 12, 2024 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 taco bar. On april 13, 2024 floe academy our annual yard sale and fish fry fundraiser. We also had a community baby shower that same day. We partnered with help2moms and served over 125 new and expectant moms. They were able to get diapers, wipes, clothes, bottles, car seats, strollers, and other baby items. On may 10, 2024 we had muffins with mom in honor of mother's day. On june 14, 2024 we had donuts with dad in honor of father's day. On july 12, 2024 we had graduation for our children that were headed to kindergarten. On september 9, 2025 we hosted a grandparents' day lunch. On october 31, 2024 we had a trunk or treat for the children at the cen-ter. On november 21, 2024 we had a thanksgiving lunch for the children, families, and staff of the center. By the end of december 2024 we were serving 34 families that had 41 children between them. The amount of people applying for jobs increased for the center, however the amount of people showing upend staying was low. We are hoping to rebuild with momentum as 2025 comes to an end.”
Form 990, Part XI, Line 9
“Book / tax depreciation difference 2,670 change in net assets prior yr 0 change in net assets prior yr -11,890 total -9,220”
Raw XML Appendix361 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | FUTURE LEADERS OF EXCELLENCE ACADEMY (FLOE ACADEMY) BEGAN THE YEAR OF 2024 SERVING 32 FAMILIES THAT HAD 38 CHILDREN BETWEEN THEM. WE HAVE HAD A FEW EVENTS AND ACTIVITIES FOR OUR FAMILIES SINCE JANUARY 2024. THE FIRST WEEK OF MARCH WE HAD OUR SPIRIT WEEK IN HONOR OF READ ACROSS AMERICA WEEK. EVERYDAY THE TEACHERS AND CHILDREN DRESSED UP. ON MARCH 28, 2024 WE DID PICTURES WITH THE EASTER BUNNY AND HAD OUR ANNUAL EASTER EGG HUNT. FLOE ACADEMY RECEIVED THE HIGHEST STATUS THAT A DAYCARE CAN RECEIVE ON APRIL 1, 2024. ON APRIL 12, 2024 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 TACO BAR. ON APRIL 13, 2024 FLOE ACADEMY OUR ANNUAL YARD SALE AND FISH FRY FUNDRAISER. WE ALSO HAD A COMMUNITY BABY SHOWER THAT SAME DAY. WE PARTNERED WITH HELP2MOMS AND SERVED OVER 125 NEW AND EXPECTANT MOMS. THEY WERE ABLE TO GET DIAPERS, WIPES, CLOTHES, BOTTLES, CAR SEATS, STROLLERS, AND OTHER BABY ITEMS. ON MAY 10, 2024 WE HAD MUFFINS WITH MOM IN HONOR OF MOTHER'S DAY. ON JUNE 14, 2024 WE HAD DONUTS WITH DAD IN HONOR OF FATHER'S DAY. ON JULY 12, 2024 WE HAD GRADUATION FOR OUR CHILDREN THAT WERE HEADED TO KINDERGARTEN. ON SEPTEMBER 9, 2025 WE HOSTED A GRANDPARENTS' DAY LUNCH. ON OCTOBER 31, 2024 WE HAD A TRUNK OR TREAT FOR THE CHILDREN AT THE CEN-TER. ON NOVEMBER 21, 2024 WE HAD A THANKSGIVING LUNCH FOR THE CHILDREN, FAMILIES, AND STAFF OF THE CENTER. BY THE END OF DECEMBER 2024 WE WERE SERVING 34 FAMILIES THAT HAD 41 CHILDREN BETWEEN THEM. THE AMOUNT OF PEOPLE APPLYING FOR JOBS INCREASED FOR THE CENTER, HOWEVER THE AMOUNT OF PEOPLE SHOWING UPEND STAYING WAS LOW. WE ARE HOPING TO REBUILD WITH MOMENTUM AS 2025 COMES TO AN END. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
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| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 35 |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PAYROLL LIABILITIES |
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | FUTURE LEADERS OF EXCELLENCE ACADEMY'S NON-DISCRIMINARY POLICY IS PRESENT AND AVAILABLE FOR ALL TO REVIEW. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
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| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FUTURE LEADERS OF EXCELLENCE ACADEMY (FLOE ACADEMY) BEGAN THE YEAR OF 2024 SERVING 32 FAMILIES THAT HAD 38 CHILDREN BETWEEN THEM. WE HAVE HAD A FEW EVENTS AND ACTIVITIES FOR OUR FAMILIES SINCE JANUARY 2024. THE FIRST WEEK OF MARCH WE HAD OUR SPIRIT WEEK IN HONOR OF READ ACROSS AMERICA WEEK. EVERYDAY THE TEACHERS AND CHILDREN DRESSED UP. ON MARCH 28, 2024 WE DID PICTURES WITH THE EASTER BUNNY AND HAD OUR ANNUAL EASTER EGG HUNT. FLOE ACADEMY RECEIVED THE HIGHEST STATUS THAT A DAYCARE CAN RECEIVE ON APRIL 1, 2024. ON APRIL 12, 2024 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 TACO BAR. ON APRIL 13, 2024 FLOE ACADEMY OUR ANNUAL YARD SALE AND FISH FRY FUNDRAISER. WE ALSO HAD A COMMUNITY BABY SHOWER THAT SAME DAY. WE PARTNERED WITH HELP2MOMS AND SERVED OVER 125 NEW AND EXPECTANT MOMS. THEY WERE ABLE TO GET DIAPERS, WIPES, CLOTHES, BOTTLES, CAR SEATS, STROLLERS, AND OTHER BABY ITEMS. ON MAY 10, 2024 WE HAD MUFFINS WITH MOM IN HONOR OF MOTHER'S DAY. ON JUNE 14, 2024 WE HAD DONUTS WITH DAD IN HONOR OF FATHER'S DAY. ON JULY 12, 2024 WE HAD GRADUATION FOR OUR CHILDREN THAT WERE HEADED TO KINDERGARTEN. ON SEPTEMBER 9, 2025 WE HOSTED A GRANDPARENTS' DAY LUNCH. ON OCTOBER 31, 2024 WE HAD A TRUNK OR TREAT FOR THE CHILDREN AT THE CEN-TER. ON NOVEMBER 21, 2024 WE HAD A THANKSGIVING LUNCH FOR THE CHILDREN, FAMILIES, AND STAFF OF THE CENTER. BY THE END OF DECEMBER 2024 WE WERE SERVING 34 FAMILIES THAT HAD 41 CHILDREN BETWEEN THEM. THE AMOUNT OF PEOPLE APPLYING FOR JOBS INCREASED FOR THE CENTER, HOWEVER THE AMOUNT OF PEOPLE SHOWING UPEND STAYING WAS LOW. WE ARE HOPING TO REBUILD WITH MOMENTUM AS 2025 COMES TO AN END. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A COPY IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOOK / TAX DEPRECIATION DIFFERENCE 2,670 CHANGE IN NET ASSETS PRIOR YR 0 CHANGE IN NET ASSETS PRIOR YR -11,890 TOTAL -9,220 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 108908 |
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| IRS990/USAddress/CityNm | 0 | MADISON |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-25 |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NASHVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6152106963 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KYSA G SMITH - ESTES |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-10-27T18:00:10-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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