Civic Intelligence

Cola Resources Inc

EIN 80-0875539 • 501(c)3 • Ellicott City, MD

Profile

To provide educational and consulting services to improve laboratory medicine and patient care.

11101 Resort Road Suite 224Ellicott City, MD 21042

www.criedu.org

Siviq Scores

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

Liabilities / Assets

97th percentile

1.65x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.92x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

9th percentile

-41%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

12th percentile

-20%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$0

Down $297,603 (-100%) from 2021

Liabilities

Down

$0

Down $491,682 (-100%) from 2021

Net Assets

Up

$0

Up $194,079 (+100%) from 2021

Operations
Liabilities / Revenue91st percentileNet Margin9th percentile

Revenue

Down

$171,180

Down $363,477 (-68%) from 2021

Expenses

Down

$393,513

Down $358,666 (-48%) from 2021

Net Income

Down

-$222,333

Down $4,811 (-2.2%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2014: $356,576Liabilities 2014: $420,721Net Assets 2014: -$64,1452014Assets 2015: $208,320Liabilities 2015: $234,133Net Assets 2015: -$25,8132015Assets 2016: $278,912Liabilities 2016: $209,288Net Assets 2016: $69,6242016Assets 2017: $637,812Liabilities 2017: $426,545Net Assets 2017: $211,2672017Assets 2018: $1,061,896Liabilities 2018: $744,827Net Assets 2018: $317,0692018Assets 2019: $1,191,048Liabilities 2019: $1,123,214Net Assets 2019: $67,8342019Assets 2020: $373,083Liabilities 2020: $362,626Net Assets 2020: $10,4572020Assets 2021: $297,603Liabilities 2021: $491,682Net Assets 2021: -$194,0792021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth15th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $912,731Expenses 2014: $958,430Net Income 2014: -$45,6992014Revenue 2015: $872,937Expenses 2015: $834,605Net Income 2015: $38,3322015Revenue 2016: $1,158,257Expenses 2016: $1,062,820Net Income 2016: $95,4372016Revenue 2017: $1,289,531Expenses 2017: $1,147,888Net Income 2017: $141,6432017Revenue 2018: $1,319,161Expenses 2018: $1,213,359Net Income 2018: $105,8022018Revenue 2019: $1,084,011Expenses 2019: $1,333,246Net Income 2019: -$249,2352019Revenue 2020: $687,437Expenses 2020: $849,562Net Income 2020: -$162,1252020Revenue 2021: $534,657Expenses 2021: $752,179Net Income 2021: -$217,5222021Revenue 2022: $171,180Expenses 2022: $393,513Net Income 2022: -$222,3332022

Highlighted filing

2022

Revenue$171,180
Expenses$393,513
Net Income-$222,333
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$171,180
Expenses
$393,513
Net income
-$222,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.17$0.39$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.49$0.19$0.53$0.75$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.37$0.36$0.01$0.69$0.85$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.19$1.12$0.07$1.08$1.33$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.74$0.32$1.32$1.21$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.64$0.43$0.21$1.29$1.15$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.21$0.07$1.16$1.06$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.23$0.03$0.87$0.83$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.42$0.06$0.91$0.96$0.05
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 14, 2022
Return Version
2020v4.1
Gross Receipts
$534,657
Mission and Program Overview

Mission

To provide educational and consulting services to improve laboratory medicine and patient care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$161,629$106,242▼ $55,387
Land, Buildings, and Equipment, Net$69,620$57,851▼ $11,769
Accounts Receivable$14,725$6,840▼ $7,885
Prepaid Expenses and Deferred Charges$1,500$1,061▼ $439
Total Assets$373,083$297,603▼ $75,480
Other Assets Total$125,609$125,609→ $0
Liabilities
Other Liabilities$240,721$403,994▲ $163,273
Unsecured Notes Loans Payable$114,072$74,977▼ $39,095
Accounts Payable and Accrued Expenses$7,833$12,711▲ $4,878
Total Liabilities$362,626$491,682▲ $129,056
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,457$-194,079▼ $204,536
Total Net Assets Fund Balance$10,457$-194,079▼ $204,536
Total Liabilities and Net Assets / Fund Balance$373,083$297,603▼ $75,480

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$55,283$52,467-
Equipment$2,568$1,190-
Other Assets Org$125,609--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
James E LigginsCEO and Chairman og the BoardFT$238,632$156,439$395,071

Board Members and Trustees

NameTitle
Barry CraigDirector
Jeanne MumfordDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$416,309
Investment Income
$0
Other Revenue
$118,348
Change in Net Assets
$-217,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$662,464
Other Expenses$89,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$402,638$21,193-$423,831
Current Officers, Directors, Trustees, and Key Employees$226,700$11,933-$238,633
Information Technology$30,716$1,617-$32,333
Other Expenses$10,466$551-$11,017
Occupancy$9,345$458-$9,803
All Other Expenses$4,058$213-$4,271
Insurance$2,945$155-$3,100
Interest$981$52-$1,033
Fees for Services Accounting$929$49-$978
Depreciation Depletion$752--$752
Office Expenses$577$30-$607
Total Functional Expenses$714,637$37,542$0$752,179
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$278,385
Symposium Facility Guarantee$125,609
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 governing body review Part VI line 11

“This return has been provided to the Board of Directors for review and comment prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“Each member of the Cola Resouces Inc.s (CRIs) Board of Directors has a legal and fiduciary responsibility, while acting in the capacity of a CRI Director, to make decisions exclusively based upon what the Director belives is in the best interest of CRI. No Director should vote or take a position on any issue before the Board based upon his or her personal interests or the interests of another organization. If a Director believes that there may be a conflict affecting his or her ability to act in the best interests of CRI, that issue should be disclosaed to the Board, and the Director should recuse him or her self pending review and resolution by the Board in accordance with CRIs Conflict of Interest protocol.”

CEO executive director top management comp Part VI line 15A

“A Compensation Committee Of Cola Resources Inc,s Board of Directors composed entirely of individuals with no Conflicts of Interest as defined under IRS rules deterimines the CEOs compensation.”

Governing documents etc available to public Part VI line 19

“Cola Resources Inc. makes its governing documents, Conflict of Interest Policy and financial Statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
COLA Resources Inc
EIN
80-0875539
Address
11101 Resort Road Suite 224, Ellicott City, MD 21042

Signing Officer

Name
James E Liggins CEO
Title
Chief Executive
Phone
8772348193
Signed
2022-02-14
Discuss with paid preparer
No

Organization Details

Principal Officer
James E Liggins
Formed
2012
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
2
Employees
5

Preparer

Firm
Alfred J Discepolo CPA PLLC
Address
4401 Charles City Road, Henrico, VA 23231
Preparer
Alfred J Discepolo CPA
Phone
4102077627
Raw XML Appendix371 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
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IRS990/BooksInCareOfDetail/PhoneNum08772348193
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
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IRS990/CYTotalRevenueAmt0534657
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt0752
IRS990/DepreciationDepletionGrp/TotalAmt0752
IRS990/Desc0Cola Resources, Inc. provides educational and consultive services to healthcare professionals with the goal of instructing and training these individuals to improve their skills and perform higher quality services for the communities they serve.The Educational and Consulting Programs have one overriding goal: To improve laboratory medicine and the quality of patient care associated with the day-to-day operations of laboratory medicine.The Educational Platform, offering both pace and continuing medical education credits, is tailored to all levels of clinical laboratory professionals (physicians, medical technologists, etc.). The curriculum includes a diversified e-learning platform and a live symposia for healthcare participants.
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/IRPDocumentCnt00
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IRS990/OtherExpensesGrp/Desc3Amortization
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Symposium Facility Deposit
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055283
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052467
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0107750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0278385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1125609
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt057851
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0125609
IRS990ScheduleD/TotalLiabilityAmt0403994
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt043000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0156439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James E Liggins
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO and Chairman og the Board
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0395071
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This return has been provided to the Board of Directors for review and comment prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member of the Cola Resouces Inc.s (CRIs) Board of Directors has a legal and fiduciary responsibility, while acting in the capacity of a CRI Director, to make decisions exclusively based upon what the Director belives is in the best interest of CRI. No Director should vote or take a position on any issue before the Board based upon his or her personal interests or the interests of another organization. If a Director believes that there may be a conflict affecting his or her ability to act in the best interests of CRI, that issue should be disclosaed to the Board, and the Director should recuse him or her self pending review and resolution by the Board in accordance with CRIs Conflict of Interest protocol.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A Compensation Committee Of Cola Resources Inc,s Board of Directors composed entirely of individuals with no Conflicts of Interest as defined under IRS rules deterimines the CEOs compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Cola Resources Inc. makes its governing documents, Conflict of Interest Policy and financial Statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TotalProgramServiceRevenueAmt0416309
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IRS990/WebsiteAddressTxt0www.CRIEDU.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0James E Liggins CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Executive
ReturnHeader/BusinessOfficerGrp/PhoneNum08772348193
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLA Resources Inc
ReturnHeader/Filer/BusinessNameControlTxt0COLA
ReturnHeader/Filer/EIN0800875539
ReturnHeader/Filer/USAddress/AddressLine1Txt011101 Resort Road Suite 224
ReturnHeader/Filer/USAddress/CityNm0Ellicott City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021042
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alfred J Discepolo CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04401 Charles City Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Henrico
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023231
ReturnHeader/PreparerPersonGrp/PhoneNum04102077627
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alfred J Discepolo CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-02-28T10:36:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0James
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Liggins
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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