Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
The Cole Academy Preschool Inc
EIN 47-2407173 • 501(c)3 • Virginia Beach, VA
Pub. 78 Eligible990-N Coverage
Profile
Primary exempt purpose is to operate a non profit preschool
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.28x
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
90th percentile
Higher top officer pay than 90% of similar nonprofits.
Top officer pay equals 19.7% of source-year revenue.
Asset Growth
28th percentile
Faster asset growth than 28% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Down$106,274
Down $38,105 (-26%) from 2023
Liabilities
Up$29,769
Up $5,050 (+20%) from 2023
Net Assets
Down$76,505
Down $43,155 (-36%) from 2023
Revenue
Up$146,997
Up $22,529 (+18%) from 2023
Expenses
Up$168,211
Up $47,941 (+40%) from 2023
Net Income
Down-$21,214
Down $25,412 (-605%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $106,274
- Liabilities
- $29,769
- Net assets
- $76,505
- Revenue
- $146,997
- Expenses
- $168,211
- Net income
- -$21,214
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 17, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $146,997
Mission and Program Overview
Mission
Primary exempt purpose is to operate a non profit preschool
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PRESCHOOL OPERATIONS - SERVED 36 STUDENTS | $146 | $139,728 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| THERESA COLE | School Direc | PT | $28,990 | - | $28,990 |
| JOHN COLE | Board Direct | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Cole Academy Preschool Inc
- EIN
- 47-2407173
- Phone
- 7572856492
- Address
- 2013 KITTRIDGE DR, VIRGINIA BEACH, VA 23456
Signing Officer
- Name
- Theresa Cole
- Title
- School Director
- Phone
- 7572856492
- Signed
- 2025-11-17
- Discuss with paid preparer
- Yes
Preparer
- Firm
- A Rohm Smith & Company
- Address
- 11832 ROCK LANDING DR STE 101, NEWPORT NEWS, VA 23606-4277
- Preparer
- Theresa Rohm CPA
- Phone
- 7572239602
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses 580 office expense 1,105 travel 2,294 insurance 5,699 field trips 2,037 student/classrm supplies 15,274 training & education 201 uniforms 446 licenses & fees 83 non-investment depreciation 15,539 total 43,258”
Form 990-ez, Part I, Line 20
“Prior period adj -rev & prepaids accrued in error -21,941”
Form 990-ez, Part II, Line 24
“Accounts receivable 16,420 0 prepaid expenses and deferred charges 5,390 0 leasehold improvements 96,191 96,191 less accumulated depreciation 12,648 19,062 equipment 47,972 47,972 less accumulated depreciation 21,479 30,604 total 131,846 94,497”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 5,050 loans from officers 24,719 24,719”
Raw XML Appendix139 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | THERESA COLE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7572856492 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2013 KITTRIDGE DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | VIRGINIA BEACH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23456 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 12533 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 11777 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -21214 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4616 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 144379 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 106274 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 146 |
| IRS990EZ/GrossReceiptsAmt | 0 | 146997 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 24719 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | true |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 119660 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 76505 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 119660 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 76505 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 42190 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 25.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 28990 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | THERESA COLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOHN COLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SCHOOL DIREC |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD DIRECT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 131846 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 94497 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -21941 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 43258 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PRIMARY EXEMPT PURPOSE IS TO OPERATE A NON PROFIT PRESCHOOL |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 146997 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PRESCHOOL OPERATIONS - SERVED 36 STUDENTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 146 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 139728 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 78001 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 24719 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 29769 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 168211 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 139728 |
| IRS990EZ/TotalRevenueAmt | 0 | 146997 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | THECOLEACADEMYPRESCHOOL.ORG |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 24719 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | PAY FOR OPERATING EXPENSES & ASSET |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 36971 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | LOAN PAYABLE- J COLE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | LOAN FROM DIRECTOR |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | false |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 24719 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 580 OFFICE EXPENSE 1,105 TRAVEL 2,294 INSURANCE 5,699 FIELD TRIPS 2,037 STUDENT/CLASSRM SUPPLIES 15,274 TRAINING & EDUCATION 201 UNIFORMS 446 LICENSES & FEES 83 NON-INVESTMENT DEPRECIATION 15,539 TOTAL 43,258 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PRIOR PERIOD ADJ -REV & PREPAIDS ACCRUED IN ERROR -21,941 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 16,420 0 PREPAID EXPENSES AND DEFERRED CHARGES 5,390 0 LEASEHOLD IMPROVEMENTS 96,191 96,191 LESS ACCUMULATED DEPRECIATION 12,648 19,062 EQUIPMENT 47,972 47,972 LESS ACCUMULATED DEPRECIATION 21,479 30,604 TOTAL 131,846 94,497 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 5,050 LOANS FROM OFFICERS 24,719 24,719 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | THERESA COLE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SCHOOL DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7572856492 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE COLE ACADEMY PRESCHOOL INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COLE |
| ReturnHeader/Filer/EIN | 0 | 472407173 |
| ReturnHeader/Filer/PhoneNum | 0 | 7572856492 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2013 KITTRIDGE DR |
| ReturnHeader/Filer/USAddress/CityNm | 0 | VIRGINIA BEACH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23456 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 813356257 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | A ROHM SMITH & COMPANY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 11832 ROCK LANDING DR STE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEWPORT NEWS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 236064277 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7572239602 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THERESA ROHM CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T15:32:46-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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