Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
3 people listed on the 990.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| James E Liggins | $238,632 | $218,311 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves lab medicine and patient care through education and consulting.
Questions for Cola Resources INC
Your first name shows with your question. Cola Resources INC answers here, for everyone.
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Cola Resources, Inc. provided 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 had one overriding goal: To improve laboratory…
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Total assetsLn 16 | $298K | $0 |
| LiabilitiesLn 26 | $492K | $0 |
| Net assetsLn 32 | −$194K | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $108K | $108K | ||
| Other salaries and wagesLn 7 | $172K | $172K | ||
| Other employee benefitsLn 9 | $16K | $16K | ||
| Payroll taxesLn 10 | $22K | $22K | ||
| Legal feesLn 11b | $17K | $17K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Office expensesLn 13 | $200 | $200 | ||
| Information technologyLn 14 | $30K | $30K | ||
| RoyaltiesLn 15 | $700 | $700 | ||
| OccupancyLn 16 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $19K | $19K | ||
| Total functional expensesLn 25 | $394K | $394K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $171K | $394K | −$222K | $0 | 990 PDF |
| FY2021 | $535K | $752K | −$218K | −$194K | 990 PDF |
| FY2020 | $687K | $850K | −$162K | $10K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $171,180 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, no flags
Part VIII · Statement of revenue $171,180 across 3 lines filed
Part IX · Statement of functional expenses $393,513 across 12 lines filed
Part X · Balance sheet $0 assets, 4 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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