2012-03-01T07:42:51-06:00 2011-06-30 CLIFTONLARSONALLEN LLP 9515 DEERECO RD - SUITE 500 TIMONIUM MD 210932184 990 2010-07-01 521573280 COLA INC COLA 4103816581 9881 BROKEN LAND PARKWAY NO 200 COLUMBIA MD 21046 DOUGLAS BEIGEL 4103816581 2012-03-01 1 MELISSA DYER CPA 4104530900 2010 2016-02-24 21:20:13Z DOUGLAS BEIGEL 9881 BROKEN LAND PARKWAY NO 200 COLUMBIA MD 21046 10647723 0 X WWW.COLA.ORG X 1988 MD 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. 12 12 86 12 12280 -5387 0 0 9248650 9306653 217131 298223 13200 12280 9478981 9617156 0 0 0 0 5590904 5791925 0 0 0 3659619 3928939 9250523 9720864 228458 -103708 11597407 13219021 8099733 8993983 3497674 4225038 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. 0 0 5946803 8664473 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. 1110532 642180 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. 7057335 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 86 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X MICHAEL F BOULE 4103816581 9881 BROKEN LAND PARKWAY SUITE 200 COLUMBIA MD 21046 VERLIN K JANZEN MD 1.00 X X 4450 0 0 DONNA E SWEET MD MACP 1.00 X 750 0 0 ROBERT J CARR MD 1.00 X 0 0 0 VERONICA C SANTILLI MD MHA CPE 1.00 X 0 0 0 W JAMES STACKHOUSE MD MACP 1.00 X X 0 0 0 RICHARD A WHERRYMD 1.00 X X 0 0 0 ARDIS D HOVEN MD 1.00 X 0 0 0 BARBARA L MCANENY MD 1.00 X 0 0 0 BRADLEY J FEDDERLY MD 1.00 X 0 0 0 RICHARD EISENSTAEDT MD 1.00 X 0 0 0 ROBERT A MANN MT 1.00 X 0 0 0 HENRY TRAVERS MD 1.00 X 0 0 0 DOUGLAS BEIGEL 40.00 X 425897 0 94574 ROBERT F FRENCH 40.00 X 147081 0 22831 MICHAEL F BOULE 40.00 X 131770 0 26181 MATT HOPWOOD 40.00 X 156349 0 29847 JOHN DALY 40.00 X 117261 0 1272 KATHY NUCIFORA 40.00 X 114779 0 11319 KIRK COUSER 40.00 X 113440 0 32406 1211777 0 218430 7 0 1 0 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 6 LABORATORY ACCREDITATI 900099 8664473 8664473 EDUCATIONAL PRODUCTS & 900099 642180 642180 9306653 209061 209061 1119729 1030567 89162 89162 89162 ADVERTISING REVENUE - 611710 12280 12280 12280 9617156 9306653 12280 298223 1094745 5700 1089045 3911639 3723435 188204 96272 87362 8910 378508 348256 30252 310761 271119 39642 190183 83616 106567 38933 17584 21349 226916 117763 109153 326384 143498 182886 436478 345490 90988 255302 150929 104373 260101 193849 66252 861096 831162 29934 284895 243716 41179 5174 5174 654510 287762 366748 72428 31844 40584 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 900 900 9720864 7057335 2663529 0 194109 65907 1149534 1759319 373683 593758 120493 119404 1662084 1374092 201062 287992 6955851 8074971 2602675 2317670 11597407 13219021 876885 1086987 6994329 7906996 228519 8099733 8993983 X 3497674 4225038 3497674 4225038 11597407 13219021 X -103708 831072 X X 0 1 1 X 0 X 41000 41000 7286812 8498129 8703538 9248650 9306653 43043782 7327812 8498129 8703538 9248650 9306653 43084782 0 0 0 43084782 423970 582387 266533 217131 209061 1699082 423970 582387 266533 217131 209061 1699082 395 182 577 7752177 9080698 8970071 9465781 9515714 44784441 0.96200 0.95930 0.03790 0.04070 X 80393 70008 10385 1581691 1304084 277607 287992 INVESTMENT IN SYSTEM DEVELOPMENT 2317670 2317670 9617156 9720864 -103708 831072 831072 727364 10448228 831072 831072 9617156 0 9617156 9720864 0 9720864 0 9720864 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. X X X X X 0 0 0 0 0 0 0 0 0 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 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. FORM 990, PART VI, SECTION B, LINE 12C 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 15 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 C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 831,072. PART XI, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.