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← QLARANT FOUNDATION INC

Form 990 for tax year 2024

Filed by QLARANT FOUNDATION INC.

Totals

Total revenue
$2,532,248
Total expenses
$315,631
Contributions and grants received
$1,687,000
Grants paid
$2,200
Program service revenue
$0
Investment income
$835,248
Other revenue
$10,000
Total assets, end of year
$23,884,563
Total liabilities, end of year
$4,998
Net assets or fund balances, end of year
$23,879,565
Program services expenses (Part IX)
$2,200
Management and general expenses
$313,431
Fundraising expenses
$0
Program service expenses (Part III)
$2,200

Program services were 0.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,687,000

  • 3 · Investment income

    total $835,248 · excluded $835,248

  • 11a · Other revenue: OTHER INCOME

    total $10,000 · excluded $10,000

  • 11e · Other revenue, total

    $10,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,200 · program services $2,200

  • 5 · Compensation of officers, directors and key employees

    total $199,899 · management and general $199,899

  • 7 · Other salaries and wages

    total $18,627 · management and general $18,627

  • 11f · Fees: investment management

    total $45,109 · management and general $45,109

  • 11g · Fees: other

    total $13,000 · management and general $13,000

  • 13 · Office expenses

    total $1,312 · management and general $1,312

  • 14 · Information technology

    total $21,714 · management and general $21,714

  • 16 · Occupancy

    total $8,913 · management and general $8,913

  • 17 · Travel

    total $437 · management and general $437

  • 19 · Conferences, conventions and meetings

    total $3,933 · management and general $3,933

  • 24e · All other expenses

    total $487 · management and general $487

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $73,887 · end of year $24,631

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $50,000

  • 11 · Investments: publicly traded securities

    beginning of year $14,567,080 · end of year $19,552,566

  • 12 · Investments: other securities

    beginning of year $4,416,777 · end of year $2,637,003

  • 15 · Other assets

    beginning of year $1,622,000 · end of year $1,620,363

  • 17 · Accounts payable and accrued expenses

    beginning of year $415,000 · end of year $4,998

  • 25 · Other liabilities

    beginning of year $29,093 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $20,235,651 · end of year $23,879,565

Mission and programs · 2024

Mission

ASSESS THE EFFECTIVENESS AND EFFICIENCY OF HEALTH & HUMAN SERVICES. ASSIST HEALTH AND HUMAN SERVICE PROVIDERS IN IMPLEMENTING PROCESS IMPROVEMENT ACTIVITIES IN THEIR RESPECTIVE LOCATIONS OF CARE.

Activities or mission (Part I)

THE QLARANT FOUNDATION SUPPORTS ACTIVITIES THAT PROMOTE COMMUNITY HEALTH. SEE SCHEDULE O. THE QLARANT FOUNDATION ALSO SUPPORTS ACTIVITES THAT ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS WHO ARE IN DEFINED COMMUNITIES OR MEMBERS OF VULNERABLE POPULATIONS.

  • THE QLARANT FOUNDATION, INC MADE GRANTS TO VARIOUS HEALTHCARE ORGANIZATIONS WHICH SUPPORTED INNOVATIONS IN IMPROVING HEALTHCARE AND QUALITY OF LIFE FOR THE DEFINED COMMUITIES AND THE GENERAL PUBLIC.

    Expenses $2,200 · Grants $2,200

As filed on the 2024 return.

Listed in Part VII

  • Amanda Neal

    CHAIR (THRU 09/24), EXECUTIVE DIRECTOR

    Total calculated
    $52,402
    From this org
    $39,037
    From related orgs
    $10,693
    Other
    $2,672
    Hours/week
    40 + 1 related

  • Lamont Thompson

    DIRECTOR, CHAIR (BEG 09/24)

    Total calculated
    $4,248
    From this org
    $4,248
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chante'L Brady

    DIRECTOR

    Total calculated
    $15,445
    From this org
    $3,564
    From related orgs
    $11,881
    Other
    $0
    Hours/week
    1 + 2.5 related

  • Mary B Burgoyne MD

    DIRECTOR

    Total calculated
    $3,564
    From this org
    $3,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Brenda L Crabbs

    SECRETARY

    Total calculated
    $3,564
    From this org
    $3,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Fisher

    DIRECTOR

    Total calculated
    $3,564
    From this org
    $3,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Nancy Holmes

    DIRECTOR

    Total calculated
    $3,564
    From this org
    $3,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Diane McComb

    DIRECTOR, VICE CHAIR (BEG 1/25)

    Total calculated
    $3,564
    From this org
    $3,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ronald Forsythe

    CEO - QLARANT

    Total calculated
    $963,447
    From this org
    $0
    From related orgs
    $866,616
    Other
    $96,831
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $664,619 related
    Bonus
    $0 + $193,691 related
    Other
    $0 + $8,306 related
    Deferred
    $0 + $59,521 related
    Nontaxable benefits
    $0 + $37,310 related
    Filer's total
    $0 + $963,447 related

  • Jeffrey Weiss

    CFO - QLARANT (THRU 10/24)

    Total calculated
    $395,007
    From this org
    $0
    From related orgs
    $355,816
    Other
    $39,191
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,599 related
    Bonus
    $0 + $79,875 related
    Other
    $0 + $342 related
    Deferred
    $0 + $10,608 related
    Nontaxable benefits
    $0 + $28,583 related
    Filer's total
    $0 + $395,007 related

  • Christine Leister

    CFO - QLARANT (BEG 10/24)

    Total calculated
    $276,032
    From this org
    $0
    From related orgs
    $212,100
    Other
    $63,932
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,856 related
    Bonus
    $0 + $20,158 related
    Other
    $0 + $1,086 related
    Deferred
    $0 + $19,949 related
    Nontaxable benefits
    $0 + $43,983 related
    Filer's total
    $0 + $276,032 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CEO, RON FORSYTHE, PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS INTO THE PLAN DURING 2024.
SCHEDULE J, PART I, LINE 3
A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE WAS USED BY QLARANT, INC., A RELATED 501(C)(3) ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • QLARANT COMMERCIAL SOLUTIONS INC

    C · PATIENT SAFETY PRODUCTS & SERVICES · MD

Provenance

Return type
form_990
Tax year
2024
Filed
9 November 2025
IRS schema version
2024v5.2
Source object
202503159349302880

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