COLE ACADEMY PRESCHOOL: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: COLE ACADEMY PRESCHOOL (EIN 47-2407173)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-12
IRS object ID: 202403179349200145
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-EZ
Schedule A
Schedule E
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-12T09:22:09-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	813356257	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	A ROHM SMITH & COMPANY	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	11832 ROCK LANDING DR STE 101	AddressLine1Txt
City	NEWPORT NEWS	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	236064277	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990EZ	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	472407173	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE COLE ACADEMY PRESCHOOL INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	COLE	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2013 KITTRIDGE DR	AddressLine1Txt
City	VIRGINIA BEACH	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23456	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	THERESA COLE	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2024-11-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	THERESA ROHM CPA	PreparerPersonNm
PTIN	P00744346	PTIN
Phone	7572239602	PhoneNum
Preparation	2024-11-05	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-EZ IRS990EZ

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Website Address	THECOLEACADEMYPRESCHOOL.ORG	WebsiteAddressTxt
Organization501c3	Yes (X)	Organization501c3Ind
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Gross Receipts	$124,468	GrossReceiptsAmt
Info In Schedule O Part I	Yes (X)	InfoInScheduleOPartIInd
Program Service Revenue	$124,468	ProgramServiceRevenueAmt
Total Revenue	$124,468	TotalRevenueAmt
Grants And Similar Amounts Paid	$203	GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct	$34,323	FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint	$33,380	OccupancyRentUtltsAndMaintAmt
Other Expenses Total	$52,364	OtherExpensesTotalAmt
Total Expenses	$120,270	TotalExpensesAmt
Excess Or Deficit For Year	$4,198	ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY	$127,013	NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets	-$11,551	OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY	$119,660	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part II	Yes (X)	InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

Field	Value	IRS element (for citing)
BOY	$10,495	BOYAmt
EOY	$12,533	EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

Field	Value	IRS element (for citing)
BOY	$116,518	BOYAmt
EOY	$131,846	EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$127,013	BOYAmt
EOY	$144,379	EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

Field	Value	IRS element (for citing)
EOY	$24,719	EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

Field	Value	IRS element (for citing)
BOY	$127,013	BOYAmt
EOY	$119,660	EOYAmt

Field	Value	IRS element (for citing)
Primary Exempt Purpose	PRIMARY EXEMPT PURPOSE IS TO OPERATE A NON PROFIT PRESCHOOL	PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

Field	Value	IRS element (for citing)
Description Program Srvc Accom	PRESCHOOL OPERATIONS - SERVED 35 STUDENTS	DescriptionProgramSrvcAccomTxt
Grants And Allocations	$203	GrantsAndAllocationsAmt
Program Service Expenses	$112,280	ProgramServiceExpensesAmt

Field	Value	IRS element (for citing)
Total Program Service Expenses	$112,280	TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (2 entries)

TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
THERESA COLE
DIRECTOR	40.00	$0
JOHN COLE
DIRECTOR	1.00	$0

Field	Value	IRS element (for citing)
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt	false	ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI	false	OrganizationHadUBIInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Form1120 Pol Filed	false	Form1120PolFiledInd
Made Loans To From Officers	Yes (true)	MadeLoansToFromOfficersInd
Loans To From Officers	$24,719	LoansToFromOfficersAmt
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	THERESA COLE	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2013 KITTRIDGE DRIVE	AddressLine1Txt
City	VIRGINIA BEACH	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23456	ZIPCd

Field	Value	IRS element (for citing)
Phone	7572239602	PhoneNum

Field	Value	IRS element (for citing)
Foreign Financial Account	false	ForeignFinancialAccountInd
Foreign Office	false	ForeignOfficeInd
Donor Advised Fnds	false	DonorAdvisedFndsInd
Operate Hospital	false	OperateHospitalInd
Tanning Services Provided	false	TanningServicesProvidedInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
School Operating	Yes (true)	SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd Empl	NONE	PartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof Srvc	NONE	PartVIHghstPdCntrctProfSrvcTxt
Filed Schedule A	Yes (true)	FiledScheduleAInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	false	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	LOAN PAYABLE- J COLE	PersonNm
Relationship With Org	LOAN FROM DIRECTOR	RelationshipWithOrgTxt
Loan Purpose	PAY FOR OPERATING EXPENSES & ASSET	LoanPurposeTxt
Loan To Organization	Yes (X)	LoanToOrganizationInd
Original Principal	$36,971	OriginalPrincipalAmt
Balance Due	$24,719	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	Yes (true)	BoardOrCommitteeApprovalInd
Written Agreement	false	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$24,719	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16	EXPENSES OFFICE EXPENSE 2,122 INFORMATION TECHNOLOGY 1,190 TRAVEL 2,397 INSURANCE 1,469 FIELD TRIPS 655 STUDENT/CLASSRM SUPPLIES 25,752 TRAINING & EDUCATION 1,191 UNIFORMS 2,021 MISCELLANEOUS 1,143 NON-INVESTMENT DEPRECIATION 14,424 TOTAL 52,364
FORM 990-EZ, PART I, LINE 20	PR PERIOD ADJ - EXPENSES LEFT OFF -11,551
FORM 990-EZ, PART II, LINE 24	ACCOUNTS RECEIVABLE 16,420 16,420 PREPAID EXPENSES AND DEFERRED CHARGES 5,390 5,390 LEASEHOLD IMPROVEMENTS 69,674 96,191 LESS ACCUMULATED DEPRECIATION 7,119 12,648 EQUIPMENT 44,737 47,972 LESS ACCUMULATED DEPRECIATION 12,584 21,479 TOTAL 116,518 131,846
FORM 990-EZ, PART II, LINE 26	LOANS FROM OFFICERS 0 24,719

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