Civic Intelligence

Akola Project Inc

EIN 20-4560040 • 501(c)3 • Dallas, TX

Profile

Akola's mission is to empower women to become agents of transformation for their families and communities through economic development.

411 N Akard StDallas, TX 75201

www.akolaproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

3.28x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

100th percentile

223%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-73%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$0

Down $1,485,057 (-100%) from 2019

Liabilities

Down

$0

Down $4,869,758 (-100%) from 2019

Net Assets

Up

$0

Up $3,384,701 (+100%) from 2019

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Up

-$24,092

Up $520,058 (+96%) from 2019

Expenses

Down

$244,893

Down $425,355 (-63%) from 2019

Net Income

Up

-$268,985

Up $945,413 (+78%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2011: $3,479,850Liabilities 2011: $9,585Net Assets 2011: $3,470,2652011Assets 2012: $4,098,468Liabilities 2012: $100,000Net Assets 2012: $3,998,4682012Assets 2013: $4,046,989Liabilities 2013: $51,004Net Assets 2013: $3,995,9852013Assets 2014: $4,531,870Liabilities 2014: $529,802Net Assets 2014: $4,002,0682014Assets 2015: $4,515,000Liabilities 2015: $765,420Net Assets 2015: $3,749,5802015Assets 2016: $5,562,734Liabilities 2016: $1,603,593Net Assets 2016: $3,959,1412016Assets 2017: $5,449,694Liabilities 2017: $3,024,331Net Assets 2017: $2,425,3632017Assets 2018: $5,591,164Liabilities 2018: $4,591,618Net Assets 2018: $999,5462018Assets 2019: $1,485,057Liabilities 2019: $4,869,758Net Assets 2019: -$3,384,7012019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $3,692,652Expenses 2011: $298,301Net Income 2011: $3,394,3512011Revenue 2012: $981,824Expenses 2012: $692,123Net Income 2012: $289,7012012Revenue 2013: $484,925Expenses 2013: $487,408Net Income 2013: -$2,4832013Revenue 2014: $722,128Expenses 2014: $716,045Net Income 2014: $6,0832014Revenue 2015: $902,474Expenses 2015: $1,128,010Net Income 2015: -$225,5362015Revenue 2016: $2,057,017Expenses 2016: $1,847,456Net Income 2016: $209,5612016Revenue 2017: $1,394,149Expenses 2017: $2,927,927Net Income 2017: -$1,533,7782017Revenue 2018: $1,474,661Expenses 2018: $2,900,478Net Income 2018: -$1,425,8172018Revenue 2019: -$544,150Expenses 2019: $670,248Net Income 2019: -$1,214,3982019Revenue 2020: -$24,092Expenses 2020: $244,893Net Income 2020: -$268,9852020

Highlighted filing

2020

Revenue-$24,092
Expenses$244,893
Net Income-$268,985
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-$24,092
Expenses
$244,893
Net income
-$268,985
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.24$0.27
2019Detailed filing. Detailed filing data is available for this year.$1.49$4.87$3.38$0.54$0.67$1.21
2018Detailed filing. Detailed filing data is available for this year.$5.59$4.59$1.00$1.47$2.90$1.43
2017Detailed filing. Detailed filing data is available for this year.$5.45$3.02$2.43$1.39$2.93$1.53
2016Detailed filing. Detailed filing data is available for this year.$5.56$1.60$3.96$2.06$1.85$0.21
2015Detailed filing. Detailed filing data is available for this year.$4.52$0.77$3.75$0.90$1.13$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.53$0.53$4.00$0.72$0.72$0.01
2013Summary only. Only limited summary data is available for this year.$4.05$0.05$4.00$0.48$0.49$0.00
2012Summary only. Only limited summary data is available for this year.$4.10$0.10$4.00$0.98$0.69$0.29
2011Summary only. Only limited summary data is available for this year.$3.48$0.01$3.47$3.69$0.30$3.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.0
Gross Receipts
$31,955
Mission and Program Overview

Mission

Akola's mission is to empower women to become agents of transformation in their families and communities through economic development.

Akola's mission is to empower women to become agents of transformation for their families and communities through economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,390,000$0▼ $1,390,000
Prepaid Expenses and Deferred Charges$32,640$0▼ $32,640
Cash and Non-Interest-Bearing Accounts$31,825$0▼ $31,825
Accounts Receivable$10,592$0▼ $10,592
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,485,057$0▼ $1,485,057
Other Assets Total$20,000$0▼ $20,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,100,000--
Accounts Payable and Accrued Expenses$1,120,865--
Unsecured Notes Loans Payable$648,893--
Total Liabilities$4,869,758$0▼ $4,869,758
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,384,701--
Total Net Assets Fund Balance$-3,384,701$0▲ $3,384,701
Total Liabilities and Net Assets / Fund Balance$1,485,057$0▼ $1,485,057
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brittany UnderwoodChairman
Anne MotsenbockerDirector
Greg LernihanDirector
Scott LuttrellDirector
Sheeba PhilipCEO
Rawson HavertySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,489
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-26,581
All Other Contributions
$2,489
Change in Net Assets
$-268,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$171,498
Other Expenses$73,395
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$171,498--$171,498
Interest-$56,718-$56,718
Office Expenses-$10,023-$10,023
Information Technology-$1,731-$1,731
Insurance-$1,322-$1,322
Other Expenses-$339-$339
Fees for Services Accounting-$150-$150
Total Functional Expenses$171,498$73,395$0$244,893
International Activity

International Summary

Offices
1
Employees
4
Spending
$171,498

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram ServicesProduct Manufacturing14$171,498
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is prepared by an independent accountant. The cfo reviews the form 990 with the appropriate board director prior to the filing of return.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Akola Project Inc
EIN
20-4560040
Phone
2143100964
Address
411 N AKARD ST, DALLAS, TX 75201

Signing Officer

Name
Sheeba Philip
Title
CEO
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheeba Philip
Formed
2006
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
2

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

“The organization formally ceased operations in fiscal year 2020 and sold all property to akola pbc, inc. In exchange for assumption of the organization's debt.”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Sale of assets to akola pbc in exch. For assumption of debt = $3653686”

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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/Desc0AKOLA PROJECT, INC. EMPOWERS WOMEN TO BECOME AGENTS OF TRANSFORMATION FOR THEIR FAMILIES AND COMMUNITIES THROUGH ECONOMIC DEVELOPMENT. AKOLA ACHIEVES THIS MISSION BY PROVIDING ON-THE-JOB VOCATIONAL TRAINING, DEPENDABLE WORK OPPORTUNITIES, AND SUPPLEMENTAL, HOLISTIC PROGRAMS FOR MARGINALIZED WOMEN AROUND THE WORLD. EQUIPPING 500+ WOMEN WITH THE RESOURCES AND SKILLS TO UPLIFT THEIR FAMILIES OUT OF EXTREME POVERTY, AKOLA IS A CATALYST OF ENTIRE COMMUNITIES BEING ECONOMICALLY DEVELOPED.AS THE FIRST FULL IMPACT BRAND IN THE LUXURY SPACE, AKOLA LEVERAGES ITS ENTIRE VALUE CHAIN TO CREATE SOCIAL IMPACT THROUGH AKOLA PRODUCTS. EVERY RAW MATERIAL IS ETHICALLY PROCURED AND, WHEN POSSIBLE, HAS A SOCIAL IMPACT. EACH AKOLA PRODUCT UNIT IS MANUFACTURED BY AKOLA CLIENTS, GIVING THEM THE OPPORTUNITY TO EARN A LIVING WAGE. ALL OF AKOLAS FINISHED GOODS ARE INVENTORIED AND DISTRIBUTED THROUGH AKOLAS DISTRIBUTION CENTER THAT IS RUN AS A SECOND-CHANCE JOB PROGRAM FOR WOMEN. FINALLY, AKOLAS PRODUCT SALES ARE REINVESTED IN THE MISSION TO GROW THE ORGANIZATION AND PROVIDE MORE OPPORTUNITIES FOR WOMEN GLOBALLY.
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032640
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SHEEBA PHILIP
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0125072
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0216108
IRS990/PYOtherRevenueAmt0-544150
IRS990/PYRevenuesLessExpensesAmt0-1214398
IRS990/PYSalariesCompEmpBnftPaidAmt0329068
IRS990/PYTotalExpensesAmt0670248
IRS990/PYTotalRevenueAmt0-544150
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-268985
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0210000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0873000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01183000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0631419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0695756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01392535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02722199
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0364
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0374
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05192
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0306576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01576730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01753390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01566200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05208088
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0364
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0374
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt024274
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt011025
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt012313
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047612
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.84570
IRS990ScheduleA/PublicSupportPY509Pct00.86980
IRS990ScheduleA/PublicSupportTotal509Amt06747287
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0210000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0873000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01183000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0306576
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02208149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02449146
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02958735
IRS990ScheduleA/Total509Grp/TotalAmt07930287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt031955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0306576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02219184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02461823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02958735
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07978273
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt04
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0171498
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PRODUCT MANUFACTURING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0171498
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0JOBS PROGRAM
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0AFRICA
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt04
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0171498
IRS990ScheduleF/TotalEmployeeCnt04
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt0171498
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0249543
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHEEBA PHILIP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0249543
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0true
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0PROPERTY AND DEBT
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0AKOLA PBC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02020-09-30
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0843456012
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt03653686
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0CORP.
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0411 N AKARD ST 150
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0DALLAS
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd075201
IRS990ScheduleN/EmployeeOfSuccessor2Ind0true
IRS990ScheduleN/OwnerOfSuccessor2Ind0true
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PART II, LINE 2A-SCOTT LUTTRELL, BRITTANY UNDERWOOD AND ANNE MOTSENBOCKER ARE ON THE BOARD OF DIRECTORS OF AKOLA PBC.PART II, LINE 2C-BRITTANY UNDERWOOD AND SHEEBA PHILIP ARE STOCKHOLDERS OF AKOLA PBC.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I & 2, Line 2e - Name and Explanation for Involvement in Successor
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FORMALLY CEASED OPERATIONS IN FISCAL YEAR 2020 AND SOLD ALL PROPERTY TO AKOLA PBC, INC. IN EXCHANGE FOR ASSUMPTION OF THE ORGANIZATION'S DEBT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE CFO REVIEWS THE FORM 990 WITH THE APPROPRIATE BOARD DIRECTOR PRIOR TO THE FILING OF RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALE OF ASSETS TO AKOLA PBC IN EXCH. FOR ASSUMPTION OF DEBT = $3653686
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AKOLA PBC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0833456012
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1PRIVATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt098 NILE AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0JINJA

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