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← QLARANT FOUNDATION INC

Form 990 for tax year 2022

Filed by QLARANT FOUNDATION INC.

Totals

Total revenue
$1,555,712
Total expenses
$599,408
Contributions and grants received
$1,043,000
Grants paid
$451,000
Program service revenue
$0
Investment income
$512,712
Other revenue
$0
Total assets, end of year
$17,516,534
Total liabilities, end of year
$441,500
Net assets or fund balances, end of year
$17,075,034
Program services expenses (Part IX)
$451,000
Management and general expenses
$148,408
Fundraising expenses
$0
Program service expenses (Part III)
$451,000

Program services were 75.2% 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

    $1,043,000

  • 3 · Investment income

    total $512,712 · excluded $512,712

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $451,000 · program services $451,000

  • 5 · Compensation of officers, directors and key employees

    total $19,250 · management and general $19,250

  • 7 · Other salaries and wages

    total $53,959 · management and general $53,959

  • 11b · Fees: legal

    total $2,433 · management and general $2,433

  • 11f · Fees: investment management

    total $36,878 · management and general $36,878

  • 11g · Fees: other

    total $8,000 · management and general $8,000

  • 13 · Office expenses

    total $7,543 · management and general $7,543

  • 16 · Occupancy

    total $17,771 · management and general $17,771

  • 17 · Travel

    total $445 · management and general $445

  • 19 · Conferences, conventions and meetings

    total $2,087 · management and general $2,087

  • 24e · All other expenses

    total $42 · management and general $42

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $254,074 · end of year $73,177

  • 11 · Investments: publicly traded securities

    beginning of year $10,105,307 · end of year $13,114,819

  • 12 · Investments: other securities

    beginning of year $5,214,511 · end of year $3,810,058

  • 15 · Other assets

    beginning of year $0 · end of year $518,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $509,000 · end of year $441,500

  • 25 · Other liabilities

    beginning of year $20,896 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $15,043,996 · end of year $17,075,034

Mission and programs · 2022

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 COMMUNITIES AND THE GENERAL PUBLIC.

    Expenses $451,000 · Grants $451,000

As filed on the 2022 return.

Listed in Part VII

  • Mary B Burgoyne MD

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Brenda L Crabbs

    SECRETARY

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dominic A Szwaja

    CHAIR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lamont Thompson

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Fisher

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Anthony Kern

    DIRECTOR

    Total calculated
    $18,500
    From this org
    $1,500
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    2 + 4.75 related

  • Harbhajan Ajrawat MD

    DIRECTOR (THRU 3/31/23)

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • Amanda Neal

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    2 + 2 related

  • Diane McComb

    DIRECTOR (BEG 1/23)

    Total calculated
    $0
    Hours/week
    2

  • Ronald Forsythe

    CEO-QLARANT

    Total calculated
    $956,887
    From this org
    $0
    From related orgs
    $842,432
    Other
    $114,455
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,790 related
    Bonus
    $0 + $179,180 related
    Other
    $0 + $42,462 related
    Deferred
    $0 + $69,426 related
    Nontaxable benefits
    $0 + $45,029 related
    Filer's total
    $0 + $956,887 related

  • Dana Fidler

    CFO-QLARANT (THRU 3/3/23)

    Total calculated
    $354,635
    From this org
    $0
    From related orgs
    $336,518
    Other
    $18,117
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,141 related
    Bonus
    $0 + $63,600 related
    Other
    $0 + $1,777 related
    Deferred
    $0 + $13,979 related
    Nontaxable benefits
    $0 + $4,138 related
    Filer's total
    $0 + $354,635 related

  • Jeffrey Weiss

    CFO - QLARANT (BEG 4/17/23)

    Total calculated
    $0
    Hours/week
    1 + 49 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. $54,000 WAS CONTRIBUTED INTO THE PLAN DURING 2022 AND $36,000 VESTED AND WAS PAID AS OF JUNE 30, 2022.
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 EXECUTIVE DIRECTOR.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2022
Filed
24 January 2024
IRS schema version
2022v5.0
Source object
202400329349301515

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