Cola Inc
- Assets
- $27.4m
- Revenue
- $13.2m
- Investments
- $89.9k
- Employees
- 82
- Location
- Columbia, MD
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 52-1573280
Organization Overview
Cola Inc is located in Columbia, MD. The organization was established in 1988. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Cola Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cola Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cola Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $10.9m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLA, INC. IS A PHYSICIAN-DIRECTED ORGANIZATION WHOSE PURPOSE IS TO PROMOTE HEALTH AND SAFETY THROUGH ACCREDITATION AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 THROUGH 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.
EDUCATION DIVISION: THIS DIVISION PRODUCES NUMEROUS TECHNICAL RESOURCES, FORMS, LETTERS, OURSES AND OTHER E-LEARNING EDUCATIONAL MATERIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Stratton CEO And President | Officer | 40 | $542,119 |
Chhieng David Cmo | Officer | 40 | $326,636 |
Mark Tatelbaum Chief Counsel & Sec. | Officer | 40 | $306,863 |
Kathy Nucifora COO | Officer | 40 | $281,042 |
Erika Silverman Holderness Chro | Officer | 40 | $238,940 |
Angelissa Mcarthur Dir. Of Sales & Mktg | Officer | 40 | $206,276 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogan Lovells Us Llp Legal Services | 6/29/21 | $220,978 |
Deloitte Financial Advisory Service Accounting Services | 6/29/21 | $147,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,332 |
| Investment income | $461,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $242,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,178,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,679,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,148,684 |
| Pension plan accruals and contributions | $165,947 |
| Other employee benefits | $749,827 |
| Payroll taxes | $283,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $229,985 |
| Fees for services: Accounting | $373,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,630 |
| Advertising and promotion | $30,736 |
| Office expenses | $235,154 |
| Information technology | $390,615 |
| Royalties | $0 |
| Occupancy | $172,313 |
| Travel | $506,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,284 |
| Interest | $6,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,821 |
| Insurance | $92,212 |
| All other expenses | $0 |
| Total functional expenses | $10,866,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,501,255 |
| Savings and temporary cash investments | $61,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,567,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,830 |
| Investments—publicly traded securities | $13,463,094 |
| Investments—other securities | $89,861 |
| Investments—program-related | $0 |
| Intangible assets | $772,687 |
| Other assets | $7,646,829 |
| Total assets | $27,396,378 |
| Accounts payable and accrued expenses | $1,276,672 |
| Grants payable | $0 |
| Deferred revenue | $9,783,642 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,136,405 |
| Other liabilities | $211,412 |
| Total liabilities | $12,408,131 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,988,247 |