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COLE ACADEMY PRESCHOOL: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
COLE ACADEMY PRESCHOOL (EIN 47-2407173)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202523219349206402
Schema version
2024v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T15:32:46-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813356257PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1A ROHM SMITH & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111832 ROCK LANDING DR STE 101AddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP236064277ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472407173EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE COLE ACADEMY PRESCHOOL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOLEBusinessNameControlTxt
Phone7572856492PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12013 KITTRIDGE DRAddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23456ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHERESA COLEPersonNm
Person TitleSCHOOL DIRECTORPersonTitleTxt
Phone7572856492PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHERESA ROHM CPAPreparerPersonNm
PTINP00744346PTIN
Phone7572239602PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressTHECOLEACADEMYPRESCHOOL.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$146,997GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Program Service Revenue$146,997ProgramServiceRevenueAmt
Total Revenue$146,997TotalRevenueAmt
Grants And Similar Amounts Paid$146GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$78,001SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$4,616FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$42,190OccupancyRentUtltsAndMaintAmt
Other Expenses Total$43,258OtherExpensesTotalAmt
Total Expenses$168,211TotalExpensesAmt
Excess Or Deficit For Year-$21,214ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$119,660NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$21,941OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$76,505NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$12,533BOYAmt
EOY$11,777EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$131,846BOYAmt
EOY$94,497EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$144,379BOYAmt
EOY$106,274EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,719BOYAmt
EOY$29,769EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$119,660BOYAmt
EOY$76,505EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposePRIMARY EXEMPT PURPOSE IS TO OPERATE A NON PROFIT PRESCHOOLPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomPRESCHOOL OPERATIONS - SERVED 36 STUDENTSDescriptionProgramSrvcAccomTxt
Grants And Allocations$146GrantsAndAllocationsAmt
Program Service Expenses$139,728ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$139,728TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (2 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
THERESA COLE
SCHOOL DIREC25.00$28,990
JOHN COLE
BOARD DIRECT000.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersYes (true)MadeLoansToFromOfficersInd
Loans To From Officers$24,719LoansToFromOfficersAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHERESA COLEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12013 KITTRIDGE DRIVEAddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23456ZIPCd
FieldValueIRS element (for citing)
Phone7572856492PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingYes (true)SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonLOAN PAYABLE- J COLEPersonNm
Relationship With OrgLOAN FROM DIRECTORRelationshipWithOrgTxt
Loan PurposePAY FOR OPERATING EXPENSES & ASSETLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$36,971OriginalPrincipalAmt
Balance Due$24,719BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementfalseWrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$24,719TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16EXPENSES 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 20PRIOR PERIOD ADJ -REV & PREPAIDS ACCRUED IN ERROR -21,941
FORM 990-EZ, PART II, LINE 24ACCOUNTS 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 26ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 5,050 LOANS FROM OFFICERS 24,719 24,719

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