Cola Resources Inc

“Form 990, part vi, section a, line 13: while the board of cri had not formally adopted a written whistleblower policy by the end of its tax year, it follows, in practice, the written whistleblower policy adopted by its affiliate, cola, inc.”

“Robert french, douglas beigel, and michael boule have a business relationship.”

“Cola resources, inc. Has one member organization: cola, inc.”

“Member organization may appoint up to nine members to the cola resources board of directors.”

“Form 990 is based upon financial statements audited by an independent accountant as well as supporting and unique schedules supplied by cola resources management. Independent accountant reviews information supplied by cola resources management and prepares return which is then reviewed by the treasurer and president. A final draft will be supplied to the cola resources board of directors for review prior to filing.”

“Each member of the cola resources board of directors has a legal and fiduciary reponsibility, while acting as a cola resources director, to make decisions exclusively based on what the director believes to be in the best interests of cola resources. No director should vote or take a position on a cola resources issue based on personal interests or on the interests of another organization. If a director believes that there may be a personal or organizational interest that might be perceived as affecting his or her ability to act in the best interests of cola resources or a particular matter, that issue should be disclosed so that the conflict or potential conflict is clearly understood. If the director, the relevant committee, or the board believes that the disclosed conflict or potential conflict might reasonably prevent the director from acting solely in the best interests of cola resources on a particular matter, the director should not participate in the discussion or in the vote on that matter and if the conflict is great enough, they should leave the discussion.no confidential information, strategies or plans relating to cola resources should be disclosed to any other person or organization. Disclosure of such information, strategies, or plans could constitute a violation of the director's duty or loyalty to cola resources. If there is any question about a conflict of interest or potential conflict, the director should address the question to the chair of the board. Each director, principal officer, and member of a committee with governing board delgated powers must annually sign a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy. A disclosure statement is completed upon his/her association with cola resources, and is updated annually thereafter. An additional disclosure statement is filed at such time as an actual or potential conflict arises. Copies are provided to the corporate secretary of cola resources and retained by cola counsel.”

“A committee of the cola board, composed entirely of individuals with no "conflicts of interest" (as defined under irs rules), determined the president's compensation for the reporting year. The committee obtained a detailed market-based compensation analysis from a consulting firm. This compensation analysis provided comparability data for positions comparable to that of the president. This compensation analysis was then used by the committee to determine the appropriate compensation for the president. The committee keeps detailed minutes to document contemporaneously all deliberations and decisions with respect to the president's compensation. Those minutes are then reviewed, corrected if appropriate, and approved at the next following committee meeting. Identified below are the officer or key employee positions for which the process described above was used to establish compensation of the persons who served in those offices or positions, and the year in which this process was last undertaken for each such person: president: 2013”

“Financial statements will be made available to the public upon request.”

“The finance committee of cola, inc. Assumes responsibility for oversight of the audit and selection of an independent accountant.”