Future Leaders of Excellence Academy

Nonprofit profile at a glance

EIN
822244763
IRS 990 coverage
2017–2025
Forms available
Form 990 2025
Location
Goodlettsville, TN, USA
Phone
6152398261
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Reported finances

Revenue
$705,269
Expenses
$798,503
Assets
$253,162
Liabilities
$102,153

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BRANDI OSBORNE (PRESIDENT)

People named in this filing

  • DR BRITTANY COX (BOARD MEMBER)
  • CHRISTIANE BUGGS (TREASURER)
  • BRANDI OSBORNE (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

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.

What it reported doing in 2025

Future leaders of excellence academy (floe academy) began the year of 2025 serving 34 families that had 41 children between them. We have had a few events and activities for our fam-ilies since january 2025. 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 29, 2025 we had a .spring open house. On april 11, 2025 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 coneheads and it was chicken inside of waffle cones, macaroni and cheese, and fried cauliflower. On april 17, 2025 floe academy had pictures with the easter bunny and our annual easter egg hunt. On may 9, 2025 we had muffins with mom in honor of mother's day. On may 23, 2025 we had graduation for our children that were headed to kindergarten. On june 13, 2025 we had donuts with dad in honor of father's day. On june 9, 2025 we had our annual yard sale, fish fry and back to school bash. On september 8, 2025 we hosted a grandparents' day lunch. On october 4, 2025 we had a carnival and our first car show. On october 31, 2025 we had a trunk or treat for the children at the center. On november 18, 2025 we had a thanksgiving lunch for the children, families, and staff of the center. By the end of december 2025 we were serving 33 families that had 37 children between them. The amount of people ap-plying for jobs increased for the center, however the amount of people showing up and staying was low. We are hoping to rebuild with momentum as 2026 comes to an end.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 12
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.8%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -13.2%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.4; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 15.9% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 18% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 27.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.8% of spending went to programs
  • Governance: 0 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $757K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 8 filing years from 2017 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.