Civic Intelligence

Akola Project Inc

990 • Fiscal year 2019 • EIN 20-4560040

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 10, 2020

Organization ProfileWWW.AKOLAPROJECT.ORG
411 N Akard StDallas, TX 75201

(214) 310-0964

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.28x

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

2019 filings • 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 this filing.

Source year 2019

Net Margin

100th percentile

223%

Higher net margin than 100% of similar nonprofits.

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

Top Officer Pay

48th percentile

$58,305

Higher top officer pay than 48% of similar nonprofits.

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

Asset Growth

1st percentile

-73%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 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

$1,485,057

Down $4,106,107 (-73%) from 2018

Net Assets

Down

-$3,384,701

Down $4,384,247 (-439%) from 2018

Liabilities

Up

$4,869,758

Up $278,140 (+6.1%) from 2018

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$544,150

Down $2,018,811 (-137%) from 2018

Expenses

Down

$670,248

Down $2,230,230 (-77%) from 2018

Net Income

Up

-$1,214,398

Up $211,419 (+15%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$1,485,057
Liabilities$4,869,758
Net Assets-$3,384,701
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue-$544,150
Expenses$670,248
Net Income-$1,214,398
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 10, 2020
Return Version
2019v5.0
Gross Receipts
$306,576
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$4,559,849$1,390,000▼ $3,169,849
Inventories for Sale or Use$348,098$0▼ $348,098
Loans From Officers Directors$100,000--
Pledges and Grants Receivable$50,000$0▼ $50,000
Prepaid Expenses and Deferred Charges$43,623$32,640▼ $10,983
Cash and Non-Interest-Bearing Accounts$355,980$31,825▼ $324,155
Accounts Receivable$233,614$10,592▼ $223,022
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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-
Total Assets$5,591,164$1,485,057▼ $4,106,107
Other Assets Total-$20,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,000,000$3,100,000▲ $1,100,000
Accounts Payable and Accrued Expenses$392,725$1,120,865▲ $728,140
Unsecured Notes Loans Payable$2,098,893$648,893▼ $1,450,000
Total Liabilities$4,591,618$4,869,758▲ $278,140
Net Assets / Fund Balance
Net Assets With Donor Restrictions$105,000--
Net Assets Without Donor Restrictions$894,546$-3,384,701▼ $4,279,247
Total Net Assets Fund Balance$999,546$-3,384,701▼ $4,384,247
Total Liabilities and Net Assets / Fund Balance$5,591,164$1,485,057▼ $4,106,107

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,390,000-$1,390,000
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erica HallCHF Impact Off.FT$58,305$58,305
Brittany UnderwoodCEOPT$45,769$45,769

Board Members and Trustees

NameTitle
Deborah KasemeyerDirector
Ryan BickerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-544,150
Change in Net Assets
$-1,214,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$329,068
Other Expenses$216,108
Grants and Similar Amounts Paid$125,072
Total Fundraising Expense$16,899
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$147,290-$147,290
Occupancy-$130,054-$130,054
Foreign Grants$118,717--$118,717
Current Officers, Directors, Trustees, and Key Employees-$104,074-$104,074
Interest-$68,550-$68,550
Payroll Taxes-$56,157-$56,157
Fees for Services Accounting-$24,249-$24,249
Other Employee Benefits-$21,547-$21,547
Fees for Services Other-$17,352-$17,352
Advertising--$16,899$16,899
Travel-$10,512-$10,512
Information Technology-$7,817-$7,817
Insurance-$7,125-$7,125
Grants to Domestic Orgs$6,355--$6,355
Other Expenses-$53-$53
Fees for Services Legal-$-28,333-$-28,333
Office Expenses-$-45,035-$-45,035
Total Functional Expenses$125,072$528,277$16,899$670,248
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Akola Academy IncDallas, TX501(c)(3)-$6,355

International Summary

Offices
1
Employees
4
Spending
$962,040

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$962,040
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
Loans from Officers, Directors, Trustees, and Key Employees$100,000--
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
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
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
Brittany Underwood
Title
CEO
Signed
2020-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brittany Underwood
Formed
2006
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
2
Employees
45
Volunteers
2

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Kimberly D Crawford
Phone
8176498083
Supplemental Narrative

Additional Explanations

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

“During the year the operations of the organization were tranferred to a newly formed public benefit company called akola pbc.”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Loss on impairment of land = -$3169849”

Financial Statement Notes

Part X : FIN48 Footnote

“The organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organization's exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended December 31, 2019. GAAP requires the evaluation of tax positions taken in the course of preparing the Companys tax returns and recognition of a tax liability (or asset) if the Company has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service (IRS). Management has analyzed the tax positions taken by the Company, and has concluded that as of December 31, 2019 there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements.”

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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/PayrollTaxesGrp/TotalAmt056157
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043623
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032640
IRS990/PrincipalOfficerNm0BRITTANY UNDERWOOD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0631419
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0936142
IRS990/PYOtherRevenueAmt0843232
IRS990/PYRevenuesLessExpensesAmt0-1425817
IRS990/PYSalariesCompEmpBnftPaidAmt01964336
IRS990/PYTotalExpensesAmt02900478
IRS990/PYTotalRevenueAmt01474661
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1214398
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0210000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0873000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01183000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0631419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0695756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01392535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0342365
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03062075
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0364
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0306576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01576730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01753390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01566200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0979489
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06182385
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0364
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0384
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt011025
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt012313
IRS990ScheduleA/OtherIncome509Grp/TotalAmt023338
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86980
IRS990ScheduleA/PublicSupportPY509Pct00.88140
IRS990ScheduleA/PublicSupportTotal509Amt08061460
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0210000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0873000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01183000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0306576
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02208149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02449146
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02958735
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01321854
IRS990ScheduleA/Total509Grp/TotalAmt09244460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0306576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02219184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02461823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02958735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01321864
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09268182
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01390000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01390000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organization's exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended December 31, 2019. GAAP requires the evaluation of tax positions taken in the course of preparing the Companys tax returns and recognition of a tax liability (or asset) if the Company has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service (IRS). Management has analyzed the tax positions taken by the Company, and has concluded that as of December 31, 2019 there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01390000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt04
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0962040
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PRODUCT MANUFACTURING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0962040
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0JOBS PROGRAM
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt04
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0962040
IRS990ScheduleF/TotalEmployeeCnt04
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt0962040
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt06355
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AKOLA ACADEMY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0833453921
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0411 N AKARD STREET 150
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DALLAS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075201
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR THE OPERATIONS OF THE ORGANIZATION WERE TRANFERRED TO A NEWLY FORMED PUBLIC BENEFIT COMPANY CALLED AKOLA PBC.
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/ExplanationTxt3LOSS ON IMPAIRMENT OF LAND = -$3169849
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 Decreases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AKOLA PROJECT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AKOLA PROJECT LIMITED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt098 NILE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm0JINJA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd0UG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/ForeignPostalCd000000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/ProvinceOrStateNm0EASTERN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd0UG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0VOCATIONAL TRAINING
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0118717
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1843323
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash paid
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1cash paid

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,485,057
Liabilities
$4,869,758
Net assets
-$3,384,701
Revenue
-$544,150
Expenses
$670,248
Net income
-$1,214,398
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