Civic Intelligence

Cola Resources Inc

990 • Fiscal year 2021 • EIN 80-0875539

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 14, 2022

Organization Profilewww.CRIEDU.ORG
11101 Resort Road Suite 224Ellicott City, MD 21042

(877) 234-8193

Siviq Scores

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

Liabilities / Assets

97th percentile

1.65x

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

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

Liabilities / Revenue

90th percentile

0.92x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

6th percentile

-20%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$297,603

Down $75,480 (-20%) from 2020

Net Assets

Down

-$194,079

Down $204,536 (-1956%) from 2020

Liabilities

Up

$491,682

Up $129,056 (+36%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin7th percentile

Revenue

Down

$534,657

Down $152,780 (-22%) from 2020

Expenses

Down

$752,179

Down $97,383 (-11%) from 2020

Net Income

Down

-$217,522

Down $55,397 (-34%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$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

2021

Assets$297,603
Liabilities$491,682
Net Assets-$194,079
Open 2021 Filing

Operations Trend

Revenue Growth15th percentile

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

2021

Revenue$534,657
Expenses$752,179
Net Income-$217,522
Open 2021 Filing
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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07833
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012711
IRS990/AccountsReceivableGrp/BOYAmt014725
IRS990/AccountsReceivableGrp/EOYAmt06840
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide educational and consulting services to improve laboratory medicine and patient care.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0213
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04058
IRS990/AllOtherExpensesGrp/TotalAmt04271
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0James Liggins CEO
IRS990/BooksInCareOfDetail/PhoneNum08772348193
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011101 Resort Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Ellicott City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021042
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0161629
IRS990/CashNonInterestBearingGrp/EOYAmt0106242
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt011933
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0226700
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0238633
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt089715
IRS990/CYOtherRevenueAmt0118348
IRS990/CYProgramServiceRevenueAmt0416309
IRS990/CYRevenuesLessExpensesAmt0-217522
IRS990/CYSalariesCompEmpBnftPaidAmt0662464
IRS990/CYTotalExpensesAmt0752179
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0534657
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0714637
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt049
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0929
IRS990/FeesForServicesAccountingGrp/TotalAmt0978
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0156439
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0James E Liggins
IRS990/Form990PartVIISectionAGrp/PersonNm1Barry Craig
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeanne Mumford
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0238632
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO and Chairman og the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0534657
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01617
IRS990/InformationTechnologyGrp/ProgramServicesAmt030716
IRS990/InformationTechnologyGrp/TotalAmt032333
IRS990/InsuranceGrp/ManagementAndGeneralAmt0155
IRS990/InsuranceGrp/ProgramServicesAmt02945
IRS990/InsuranceGrp/TotalAmt03100
IRS990/InterestGrp/ManagementAndGeneralAmt052
IRS990/InterestGrp/ProgramServicesAmt0981
IRS990/InterestGrp/TotalAmt01033
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt053657
IRS990/LandBldgEquipBasisNetGrp/BOYAmt069620
IRS990/LandBldgEquipBasisNetGrp/EOYAmt057851
IRS990/LandBldgEquipCostOrOtherBssAmt0111508
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide educational and consulting services to improve laboratory medicine and patient care.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010457
IRS990/NetAssetsOrFundBalancesEOYAmt0-194079
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010457
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-194079
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0458
IRS990/OccupancyGrp/ProgramServicesAmt09345
IRS990/OccupancyGrp/TotalAmt09803
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030
IRS990/OfficeExpensesGrp/ProgramServicesAmt0577
IRS990/OfficeExpensesGrp/TotalAmt0607
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125609
IRS990/OtherAssetsTotalGrp/EOYAmt0125609
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Operational Consulting
IRS990/OtherExpensesGrp/Desc1Credit Card Fees
IRS990/OtherExpensesGrp/Desc2Payroll Fees
IRS990/OtherExpensesGrp/Desc3Amortization
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0583
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1328
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2380
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3551
IRS990/OtherExpensesGrp/ProgramServicesAmt011084
IRS990/OtherExpensesGrp/ProgramServicesAmt16225
IRS990/OtherExpensesGrp/ProgramServicesAmt27221
IRS990/OtherExpensesGrp/ProgramServicesAmt310466
IRS990/OtherExpensesGrp/TotalAmt011667
IRS990/OtherExpensesGrp/TotalAmt16553
IRS990/OtherExpensesGrp/TotalAmt27601
IRS990/OtherExpensesGrp/TotalAmt311017
IRS990/OtherLiabilitiesGrp/BOYAmt0240721
IRS990/OtherLiabilitiesGrp/EOYAmt0403994
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Cares Loan Forgiveness
IRS990/OtherRevenueMiscGrp/Desc1Deferred Rent Pickup
IRS990/OtherRevenueMiscGrp/ExclusionAmt0115075
IRS990/OtherRevenueMiscGrp/ExclusionAmt13273
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0115075
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13273
IRS990/OtherRevenueTotalAmt0118348
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021193
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0402638
IRS990/OtherSalariesAndWagesGrp/TotalAmt0423831
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01061
IRS990/PrincipalOfficerNm0James E Liggins
IRS990/PriorPeriodAdjustmentsAmt012986
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Educational Products
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0416309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0416309
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0216689
IRS990/PYProgramServiceRevenueAmt0687437
IRS990/PYRevenuesLessExpensesAmt0-162125
IRS990/PYSalariesCompEmpBnftPaidAmt0632873
IRS990/PYTotalExpensesAmt0849562
IRS990/PYTotalRevenueAmt0687437
IRS990/ReconcilationRevenueExpnssAmt0-217522
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0282480
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0282480
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0534657
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0687437
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01084011
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt01036681
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01289531
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04632317
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt04914797
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0534657
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0687437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01084011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01319161
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01289531
IRS990ScheduleA/Total509Grp/TotalAmt04914797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0534657
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0687437
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01084011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01319161
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01289531
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04914797
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02568
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01190
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0125609
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Symposium Facility Deposit
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055283
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052467
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0107750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0278385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1125609
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Symposium Facility Guarantee
IRS990ScheduleD/TotalBookValueLandBuildingsAmt057851
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0125609
IRS990ScheduleD/TotalLiabilityAmt0403994
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0238632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt043000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0156439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James E Liggins
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO and Chairman og the Board
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0395071
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0373083
IRS990/TotalAssetsEOYAmt0297603
IRS990/TotalAssetsGrp/BOYAmt0373083
IRS990/TotalAssetsGrp/EOYAmt0297603
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037542
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0714637
IRS990/TotalFunctionalExpensesGrp/TotalAmt0752179
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0362626
IRS990/TotalLiabilitiesEOYAmt0491682
IRS990/TotalLiabilitiesGrp/BOYAmt0362626
IRS990/TotalLiabilitiesGrp/EOYAmt0491682
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010457
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-194079
IRS990/TotalOtherCompensationAmt0156439
IRS990/TotalProgramServiceExpensesAmt0714637
IRS990/TotalProgramServiceRevenueAmt0416309
IRS990/TotalReportableCompFromOrgAmt0238632
IRS990/TotalRevenueGrp/ExclusionAmt0534657
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0534657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0373083
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0297603
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0114072
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt074977
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$297,603
Liabilities
$491,682
Net assets
-$194,079
Revenue
$534,657
Expenses
$752,179
Net income
-$217,522
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