COLA INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- COLA INC (EIN 52-1573280)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-01
- IRS object ID
- 201240619349300374
- Schema version
- 2010v3.4
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-01T07:42:51-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9515 DEERECO RD - SUITE 500 | AddressLine1 |
| City | TIMONIUM | City |
| State | MD | State |
| ZIP Code | 210932184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521573280 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLA INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COLA | NameControl |
| Phone | 4103816581 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9881 BROKEN LAND PARKWAY NO 200 | AddressLine1 |
| City | COLUMBIA | City |
| State | MD | State |
| ZIP Code | 21046 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DOUGLAS BEIGEL | Name |
| Title | CEO | Title |
| Phone | 4103816581 | Phone |
| Date Signed | 2012-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELISSA DYER CPA | Name |
| Phone | 4104530900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DOUGLAS BEIGEL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9881 BROKEN LAND PARKWAY NO 200 | AddressLine1 |
| City | COLUMBIA | City |
| State | MD | State |
| ZIP Code | 21046 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10647723 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.COLA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1988 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | COLA IS A PHYSICIAN-DIRECTED ORGANIZATION WHOSE PURPOSE IS TO PROMOTE EXCELLENCE IN LABORATORY MEDICINE AND PATIENT CARE THROUGH A PROGRAM OF VOLUNTARY EDUCATION, CONSULTATION AND ACCREDITATION IN THE INTEREST OF QUALITY PATIENT CARE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 86 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 12280 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -5387 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9248650 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9306653 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 217131 | InvestmentIncomePriorYear |
| Investment Income Current Year | 298223 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 13200 | OtherRevenuePriorYear |
| Other Revenue Current Year | 12280 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9478981 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9617156 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5590904 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5791925 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3659619 | OtherExpensePriorYear |
| Other Expenses Current Year | 3928939 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9250523 | TotalExpensesPriorYear |
| Total Expenses Current Year | 9720864 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 228458 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -103708 | RevenuesLessExpensesCY |
| Total Assets BOY | 11597407 | TotalAssetsBOY |
| Total Assets EOY | 13219021 | TotalAssetsEOY |
| Total Liabilities BOY | 8099733 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8993983 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3497674 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4225038 | NetAssetsOrFundBalancesEOY |
| Mission Description | COLA IS A PHYSICIAN-DIRECTED ORGANIZATION WHOSE PURPOSE IS TO PROMOTE EXCELLENCE IN LABORATORY MEDICINE AND PATIENT CARE THROUGH A PROGRAM OF VOLUNTARY EDUCATION, CONSULTATION AND ACCREDITATION IN THE INTEREST OF QUALITY PATIENT CARE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5946803 | Expense |
| Revenue | 8664473 | Revenue |
| Description | ACCREDITATION PRODUCTS-THIS DIVISION IS RESPONSIBLE FOR SCHEDULING ON-SITE SURVEYS FOR THE LABORATORY ACCREDITATION PROGRAM, HANDLING THE PAPERFLOW & TRACKING THE VALIDATION OF EACH PARTICIPANTS PROGRESS THOUGH THE ACCREDITATION PROCESS. COLA'S UNIFORM SET OF FACILITY CRITERIA ADDRESSES ISSUES OF SAFETY, PATIENT CONVENIENCE AND ACCESS. MEDICAL REPORTS FOR EACH PHYSICIAN ARE REVIEWED FOR COMPLIANCE AND CONTENT, ORGANIZATION, CONFIDENTIALITY AND SAFETY STANDARDS. IN THE FISCAL YEAR ENDED 6/30/11, 3,474 LABS WERE SURVEYED AND 6,687 LABS WERE ACCREDITED. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1110532 | Expense |
| Revenue | 642180 | Revenue |
| Description | EDUCATIONAL PRODUCTS- THIS DIVISION PRODUCES THE COLA INSIGHT (6 ISSUES), NUMEROUS TECHNICAL RESOURCES, FORMS, LETTERS, COURSES & OTHER E-LEARNING EDUCATIONAL MATERIAL. IN THE FISCAL YEAR ENDED 6/30/11, 50,586 COPIES WERE DISTRIBUTED. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 7057335 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 86 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL F BOULE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4103816581 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9881 BROKEN LAND PARKWAY SUITE 200 | AddressLine1 |
| City | COLUMBIA | City |
| State | MD | State |
| ZIP Code | 21046 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| VERLIN K JANZEN MD | ||||||||
| CHAIR, DIRECTOR | 1.00 | X | X | 4450 | 0 | 0 | ||
| DONNA E SWEET MD MACP | ||||||||
| DIRECTOR | 1.00 | X | 750 | 0 | 0 | |||
| ROBERT J CARR MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| VERONICA C SANTILLI MD MHA CPE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| W JAMES STACKHOUSE MD MACP | ||||||||
| VICE CHAIR, DIRECTOR | 1.00 | X | X | 0 | 0 | 0 | ||
| RICHARD A WHERRYMD | ||||||||
| FINANCE CHAIR, DIRECTOR | 1.00 | X | X | 0 | 0 | 0 | ||
| ARDIS D HOVEN MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| BARBARA L MCANENY MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| BRADLEY J FEDDERLY MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| RICHARD EISENSTAEDT MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT A MANN MT | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| HENRY TRAVERS MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DOUGLAS BEIGEL | ||||||||
| CEO, COLA STAFF | 40.00 | X | 425897 | 0 | 94574 | |||
| ROBERT F FRENCH | ||||||||
| CHIEF COUNSEL, COLA STAFF | 40.00 | X | 147081 | 0 | 22831 | |||
| MICHAEL F BOULE | ||||||||
| TREASURER | 40.00 | X | 131770 | 0 | 26181 | |||
| MATT HOPWOOD | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 156349 | 0 | 29847 | X | |||
| JOHN DALY | ||||||||
| PATHOLOGIST SURVEYOR | 40.00 | 117261 | 0 | 1272 | X | |||
| KATHY NUCIFORA | ||||||||
| ACCREDITATION MGR. | 40.00 | 114779 | 0 | 11319 | X | |||
| KIRK COUSER | ||||||||
| CIO | 40.00 | 113440 | 0 | 32406 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1211777 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 218430 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| VISION MULTIMEDIA TECHNOLOGIES LLC | |||||
| 800 WYMAN PARK DRIVE | BALTIMORE | MD | 21211 | COMPUTER CONSULTING | 214186 |
| VENABLE LLP | |||||
| 750 E PRATT ST 900 | BALTIMORE | MD | 21202 | LEGAL SERVICES | 206357 |
| HETSKO HEALTHCARE CONSULTING SERVICES LL | |||||
| 1114 SHERMAN AVENUE | MADISON | WI | 53703 | HEALTH CARE CONSULTING | 128946 |
| THE MERZ GROUP | |||||
| 1570 MCDANIEL DRIVE | WEST CHESTER | PA | 19380 | MARKETING CONSULTING | 125620 |
| ENTREQUEST INC | |||||
| 2400 BOSTON ST STE 310 | BALTIMORE | MD | 21224 | TRAINING | 115500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LABORATORY ACCREDITATI | 900099 | 8664473 | 8664473 |
| EDUCATIONAL PRODUCTS & | 900099 | 642180 | 642180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9306653 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 209061 | TotalRevenueColumn |
| Exclusion | $209,061 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1119729 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1030567 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 89162 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 89162 | TotalRevenueColumn |
| Exclusion | $89,162 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADVERTISING REVENUE - | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 12280 | TotalRevenueColumn |
| Unrelated Business Revenue | 12280 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 12280 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9617156 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9306653 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 12280 | UnrelatedBusinessRevenue |
| Exclusion | $298,223 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1094745 | Total |
| Program Services | 5700 | ProgramServices |
| Management And General | 1089045 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3911639 | Total |
| Program Services | 3723435 | ProgramServices |
| Management And General | 188204 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96272 | Total |
| Program Services | 87362 | ProgramServices |
| Management And General | 8910 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 378508 | Total |
| Program Services | 348256 | ProgramServices |
| Management And General | 30252 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310761 | Total |
| Program Services | 271119 | ProgramServices |
| Management And General | 39642 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190183 | Total |
| Program Services | 83616 | ProgramServices |
| Management And General | 106567 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38933 | Total |
| Program Services | 17584 | ProgramServices |
| Management And General | 21349 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 226916 | Total |
| Program Services | 117763 | ProgramServices |
| Management And General | 109153 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 326384 | Total |
| Program Services | 143498 | ProgramServices |
| Management And General | 182886 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 436478 | Total |
| Program Services | 345490 | ProgramServices |
| Management And General | 90988 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255302 | Total |
| Program Services | 150929 | ProgramServices |
| Management And General | 104373 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260101 | Total |
| Program Services | 193849 | ProgramServices |
| Management And General | 66252 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 861096 | Total |
| Program Services | 831162 | ProgramServices |
| Management And General | 29934 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 284895 | Total |
| Program Services | 243716 | ProgramServices |
| Management And General | 41179 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5174 | Total |
| Management And General | 5174 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 654510 | Total |
| Program Services | 287762 | ProgramServices |
| Management And General | 366748 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72428 | Total |
| Program Services | 31844 | ProgramServices |
| Management And General | 40584 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| TRAINING | 157367 | 90109 | 67258 |
| REPAIRS AND MAINTENANCE | 65927 | 31433 | 34494 |
| EMPLOYEE RECRUITING | 54334 | 23888 | 30446 |
| DUES AND SUBSCRIPTIONS | 27611 | 23149 | 4462 |
| PERSONAL PROPERTY TAXES | 10400 | 4771 | 5629 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 900 | Total |
| Program Services | 900 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9720864 | Total |
| Program Services | 7057335 | ProgramServices |
| Management And General | 2663529 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194109 | BOY |
| EOY | 65907 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1149534 | BOY |
| EOY | 1759319 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 373683 | BOY |
| EOY | 593758 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120493 | BOY |
| EOY | 119404 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1662084 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1374092 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 201062 | BOY |
| EOY | 287992 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6955851 | BOY |
| EOY | 8074971 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2602675 | BOY |
| EOY | 2317670 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11597407 | BOY |
| EOY | 13219021 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 876885 | BOY |
| EOY | 1086987 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6994329 | BOY |
| EOY | 7906996 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 228519 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8099733 | BOY |
| EOY | 8993983 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3497674 | BOY |
| EOY | 4225038 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3497674 | BOY |
| EOY | 4225038 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11597407 | BOY |
| EOY | 13219021 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -103708 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 831072 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 41000 | CurrentTaxYearMinus4Years |
| Total | 41000 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7286812 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8498129 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8703538 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9248650 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9306653 | CurrentTaxYear |
| Total | 43043782 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7327812 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8498129 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8703538 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9248650 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9306653 | CurrentTaxYear |
| Total | 43084782 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 43084782 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 423970 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 582387 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 266533 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 217131 | CurrentTaxYearMinus1Year |
| Current Tax Year | 209061 | CurrentTaxYear |
| Total | 1699082 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 423970 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 582387 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 266533 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 217131 | CurrentTaxYearMinus1Year |
| Current Tax Year | 209061 | CurrentTaxYear |
| Total | 1699082 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 395 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 182 | CurrentTaxYearMinus3Years |
| Total | 577 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7752177 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 9080698 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8970071 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9465781 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9515714 | CurrentTaxYear |
| Total | 44784441 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.96200 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.95930 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.03790 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.04070 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 80393 | OtherCostOrOtherBasis |
| Depreciation | 70008 | Depreciation |
| Book Value | 10385 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1581691 | OtherCostOrOtherBasis |
| Depreciation | 1304084 | Depreciation |
| Book Value | 277607 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 287992 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENT IN SYSTEM DEVELOPMENT | Description |
| Book Value | 2317670 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 2317670 | TotalBookValueOtherAssets |
| Total Revenue | 9617156 | TotalRevenue |
| Total Expenses | 9720864 | TotalExpenses |
| Excess Or Deficit For Year | -103708 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 831072 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 831072 | TotalAdjustments |
| Excess Or Deficit Per FS | 727364 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 10448228 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 831072 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 831072 | RevenueNotRptdF990 |
| Revenue Subtotal | 9617156 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 9617156 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9720864 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 9720864 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 9720864 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | IN ACCORDANCE WITH THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, COLA ASSESSES ALL TAX POSITIONS TAKEN. COLA DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011 AND 2010. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOUGLAS BEIGEL | |||||||||||||
| 320424 | 0 | 63853 | 0 | 41620 | 0 | 75437 | 0 | 19137 | 0 | 520471 | 0 | 0 | 0 |
| ROBERT F FRENCH | |||||||||||||
| 131545 | 0 | 14958 | 0 | 578 | 0 | 6287 | 0 | 16544 | 0 | 169912 | 0 | 0 | 0 |
| MICHAEL F BOULE | |||||||||||||
| 117347 | 0 | 13925 | 0 | 498 | 0 | 5830 | 0 | 20351 | 0 | 157951 | 0 | 0 | 0 |
| MATT HOPWOOD | |||||||||||||
| 140607 | 0 | 15601 | 0 | 141 | 0 | 0 | 0 | 29847 | 0 | 186196 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | COLA HAS THREE MEMBER ORGANIZATIONS: THE AMERICAN MEDICAL ASSOCIATION, THE AMERICAN ACADEMY OF FAMILY PHYSICIANS, AND THE AMERICAN COLLEGE OF PHYSICIANS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER ORGAINZATION MAY APPOINT THREE MEMBERS TO THE COLA BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS BASED UPON FINANCIAL STATEMENTS AUDITED BY AN INDEPENDENT ACCOUNTANT AS WELL AS SUPPORTING AND UNIQUE SCHEDULES SUPPLIED BY COLA MANAGEMENT. INDEPENDENT ACCOUNTANT REVIEWS INFORMATION SUPPLIED BY COLA MANGEMENT AND PREPARES RETURN WHICH IS THEN REVIEWED BY THE TREASURER AND CEO. FINAL DRAFT IS SUPPLIED TO THE FINANCE COMMITTEE OF THE COLA BOARD OF DIRECTORS FOR REVIEW AND DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. | |
| EACH MEMBER OF THE COLA BOARD OF DIECTORS HAS A LEGAL AND FIDUCIARY REPONSIBILITY, WHILE ACTING AS A COLA DIRECTOR, TO MAKE DECISIONS EXCLUSIVELY BASED ON WHAT THE DIRECTOR BELIEVES TO BE IN THE BEST INTERESTS OF COLA. NO DIRECTOR SHOULD VOTE OR TAKE A POSITION ON A COLA 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 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 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 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. 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 OR THE CHIEF EXECUTIVE OFFICER. EACH DIRECTOR MUST ANNUALLY SIGN THE CONFLICT OF INTEREST FORM FOR THE BOARD OF DIRECTORS. ANY CONFLICT OF INTEREST BY A KEY EMPLOYEE (OTHER THAN BY THE CEO) IS REQUIRED TO BE DISCLOSED TO THE CEO, WHEREAS ANY CONFLICTS OF INTEREST INVOLVING THE CEO ARE REQUIRED TO BE DISCLOSED TO THE CHAIRMAN OF THE BOARD. THE KEY EMPLOYEE IS UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. KEY EMPLOYEES ARE REQUIRED COMPLETE A QUESTIONNAIRE TO FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT IS COMPLETED UPON HIS/HER ASSOCIATION WITH COLA, 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 CHIEF EXECUTIVE OFFICER OF COLA AND KEPT IN THE HUMAN RESOURCES DEPARTMENT. IN THE CASE OF THE CHIEF EXECUTIVE OFFICER'S DISCLOSURE, THAT STATEMENT IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND CORPORATE SECRETARY. | FORM 990, PART VI, SECTION B, LINE 12C | |
| LINE 15A: THE COLA BOARD OF DIRECTORS CONDUCTS AN INDEPENDENT COMPENSATION ANALYSIS THROUGH AN OUTSIDE CONSULTING FIRM. THIS COMPENSATION ANALYSIS IS USED BY THE CHAIR AND THE EXECUTIVE COMMITTEE TO DETERMINE THE APPROPRIATE COMPENSATION FOR THE CEO CONTRACT PERIOD. THIS COMPENSATION REVIEW PROVIDES COMPARABILITY DATA FOR POSITIONS THAT PERFORMED WORK COMPARABLE TO THE JOB REQUIREMENTS OF THE CHIEF EXECUTIVE OFFICER OF COLA. LINE 15B: ALL SALARY ACTIONS REQUIRE THE APPROVAL OF THE CHIEF EXECUTIVE OFFICER, WHO ALSO HAS THE AUTHORITY TO MAKE EXCEPTIONS BASED ON CONSIDERATIONS OF BUSINESS NECESSITY, INTERNAL EQUITY AND EXTERNAL COMPETITIVENESS. EACH SALARY RANGE HAS A MINIMUM, A MID POINT AND A MAXIMUM POINT. THE COMPETITIVENESS OF THE SALARY STRUCTURE IS REVIEWED ANNUALLY AND ADJUSTED WHERE NECESSARY. ALL INDIVIDUAL SALARIES MUST FALL INTO THE APPROPRIATE RANGE. TO ACHIEVE THE HIGHEST RETURN OF PRODUCTIVITY ON COMPENSATION, COLA INTERPRETS AND APPLIES MARKET DATA IN THE CONTEXT OF A POSITION'S RELATIVE INTERNAL VALUE, AS MEASURED BY THE IMPACT THE POSITION CAN HAVE ON KEY STRATEGIC FACTORS. TYPICALLY, THE MARKET VALUE OF AN OPEN POSITION CAN BE DETERMINED THROUGH BENCHMARKING OTHER ORGANIZATIONS SIMILAR TO COLA. TO MAKE MEANINGFUL COMPARISONS, HUMAN RESOURCES WILL REVIEW JOB DESCRIPTIONS IN THE AVAILABLE MARKET SURVEYS TO DETERMINE WHETHER THE POSITIONS ARE SIMILAR ENOUGH TO BENCHMARK. THE SURVEY SOURCES ARE GENERALLY MIXED FROM SUCH RESOURCES AS OUR COMPENSATION STUDY (PERFORMED BY A THIRD PARTY VENDORS), CURRENT HELP WANTED ADVERTISEMENTS (BOTH IN PRINT AND ON THE INTERNET), SALARY SURVEY WEBSITES AND BY NETWORKING WITH PEERS AND COLLEAGUES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 831,072. | FORM 990, PART XI, LINE 5: |
| THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. | PART XI, LINE 2C |
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