2024-11-13T07:10:34-06:00 2024-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2023-07-01 200065799 QLARANT FOUNDATION INC QLAR 4108220697 28464 MARLBORO AVENUE EASTON MD 21601 CHRISTINE LEISTER CHIEF FINANCIAL OFFICER 4108220697 2024-11-08 1 1 JULIA FLANNERY P00928918 4102469300 2024-11-08 2023 2024-10-15 13:58:12Z RONALD FORSYTHE 28464 MARLBORO AVENUE EASTON MD 21601 2225019 0 X WWW.QLARANT.COM X 2003 MD 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. 7 7 0 0 0 0 1043000 1622000 0 0 512712 603019 0 0 1555712 2225019 451000 413000 0 0 73209 74904 0 0 0 75199 80864 599408 568768 956304 1656251 17516534 20679744 441500 444093 17075034 20235651 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. 0 0 413000 413000 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. 413000 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRISTINE LEISTER 4108220697 28464 MARLBORO AVENUE EASTON MD 21601 MARY B BURGOYNE MD DIRECTOR 1.50 X 3859 0 0 BRENDA L CRABBS SECRETARY 1.00 X X 3282 0 0 DOMINIC A SZWAJA CHAIR (THRU 12/31/23) 1.50 X X 5650 0 0 LAMONT THOMPSON DIRECTOR 2.00 X 3282 0 0 MICHAEL FISHER DIRECTOR 2.00 X 3282 0 0 AMANDA NEAL DIRECTOR, CHAIR (BEG 1/24) 1.00 1.00 X X 1782 14498 0 DIANE MCCOMB DIRECTOR 3.00 X 3282 0 0 NANCY HOLMES DIRECTOR (BEG 1/24) 1.15 X 0 0 0 RONALD FORSYTHE CEO - QLARANT 1.00 54.00 X 0 841125 96971 JEFFREY WEISS CFO - QLARANT 1.00 49.00 X 0 204528 21138 DANA FIDLER FORMER CFO - QLARANT 0.00 0.00 X 0 105282 5124 24419 1165433 123233 0 1 1 0 0 1622000 1622000 603019 603019 2225019 0 0 603019 413000 413000 29466 29466 45438 45438 40062 40062 14292 14292 3488 3488 10953 10953 406 406 2330 2330 9333 9333 568768 413000 155768 0 73177 73887 13114819 14567080 3810058 4416777 518480 1622000 17516534 20679744 441500 415000 0 29093 441500 444093 X 17075034 20235651 17075034 20235651 17516534 20679744 1656251 1504366 0 X 0 1 X 1 0 X 500000 500000 1043000 1622000 3665000 500000 500000 1043000 1622000 3665000 3665000 442358 386009 651374 512712 603019 2595472 2289 749 3038 6263510 0.58510 0.55220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 568768 97720928 568768 97720928 110315 1000000 27579 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 3130 3130 250000 250000 250000 250000 1000000 1500000 0 ISHARES TR EDGE MSCI USA VALUE FACTOR ETF 1044402 F VANGUARD SMALL CAP VALUE INDEX ADMIRAL SHARES 1076056 F AMERICAN FUNDS WASHINGTON MUTUAL INVESTORS CLASS F3 1184493 F VANGUARD VALUE INDEX FUND ADMIRAL SHARES 1111826 F 4416777 DUE FROM RELATED PARTY 1622000 1622000 DUE TO RELATED PARTY 29093 29093 X 103860981 1504366 100131596 101635962 2225019 0 2225019 95459869 94891101 94891101 568768 0 568768 PART X, LINE 2: THE COMPANY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COMPANY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION CLASSIFICATION, INTEREST, PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT HAS EVALUATED THE COMPANY'S TAX POSITIONS AND HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATES INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS 100,147,703. ELIMINATION ENTRY -16,107. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATES INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS 94,907,208. ELIMINATION ENTRY -16,107. 1 BRINGING HOPE HOME 641 SWEDESFORD ROAD MALVERN PA 19355 261222985 501(C)(3) 27000 0 PROGRAM ACTIVITIES BUILDING AFRICAN AMERICAN MINDS PO BOX 1066 EASTON MD 21601 841677829 501(C)(3) 10000 0 PROGRAM ACTIVITIES CALVARY WOMEN'S SERVICES 1217 GOOD HOPE ROAD SE WASHINGTON DC 20020 521307706 501(C)(3) 20000 0 PROGRAM ACTIVITIES CAMP ATTAWAY 9770 PATUXENT WOODS DRIVE SUITE 303 COLUMBIA MD 21046 521795189 501(C)(3) 21000 0 PROGRAM ACTIVITIES CHESAPEAKE MULTICUTURAL RESOURCES 331 E DOVER ST EASTON MD 21601 460893377 501(C)(3) 30000 0 PROGRAM ACTIVITIES ELEVEN 21 EPOCH DREAM CENTER 7545 LEVIN DASHIELL RD HEBRON MD 21830 461753777 501(C)(3) 20000 0 PROGRAM ACTIVITIES FOOD & FRIENDS 219 RIGGS ROAD NE WASHINGTON DC 20011 521648941 501(C)(3) 20000 0 PROGRAM ACTIVITIES FOR ALL SEASONS 300 TALBOT STREET EASTON MD 21601 521496434 501(C)(3) 30000 0 PROGRAM ACTIVITIES GRASSROOTS HEALTH 740 15TH ST NW 3RD FLOOR WASHINGTON DC 20005 264594778 501(C)(3) 30000 0 PROGRAM ACTIVITIES HELPING UP MISSION 1029 EAST BALTIMORE ST BALTIMORE MD 21202 520635090 501(C)(3) 20000 0 PROGRAM ACTIVITIES HOFFA FOUNDATION 6028 SYKESVILLE ROAD SYKESVILLE MD 21784 852401361 501(C)(3) 25000 0 PROGRAM ACTIVITIES SUNRISE DAY CAMPS ASSOCIATION (HORIZON) 11 NEIL COURT OCEANSIDE NY 11572 465555854 501(C)(3) 20000 0 PROGRAM ACTIVITIES NADDI INC 1810 YORK ROAD 435 LUTHERVILLE MD 21093 521660752 501(C)(3) 20000 0 PROGRAM ACTIVITIES PRO BONO COUNSELING PROJECT 5900 METRO DRIVE BALTIMORE MD 21215 521784604 501(C)(3) 16000 0 PROGRAM ACTIVITIES PROJECT ECHO 484 MAIN STREET PRINCE FREDERICK MD 20678 521768168 501(C)(3) 20000 0 PROGRAM ACTIVITIES STUDENT SUPPORT NETWORK 1810J YORK ROAD 233 LUTHERVILLE MD 21093 814096363 501(C)(3) 10000 0 PROGRAM ACTIVITIES THE SPIRIT CLUB FOUNDATION PO BOX 443 KENSINGTON MD 20895 474009580 501(C)(3) 15000 0 PROGRAM ACTIVITIES THERE GOES MY HERO 30 EAST PADONIA RD STE 207 TIMONIUM MD 21093 270524309 501(C)(3) 20000 0 PROGRAM ACTIVITIES VETERAN & MILITARY SUPPORT ALLIANCE 337 PIER ONE RD SUITE 101 STEVENSVILLE MD 21666 933772134 501(C)(3) 20000 0 PROGRAM ACTIVITIES 19 0 PART I, LINE 2: UPON AWARD, 25% OF THE GRANT IS DISBURSED. IN NOVEMBER AND FEBRUARY QUARTERLY CHECKINS ARE REQUIRED. AFTER REVIEW AND ACCEPTANCE, AN ADDITIONAL 25% IS DISBURSED EACH OF THESE TIMES. A FINAL REPORT IS DUE AT YEAR END AND ONCE ACCEPTED, THE FINAL 25% IS DISBURSED. 0 1 0 0 0 0 0 0 0 RONALD FORSYTHE CEO - QLARANT 0 608512 0 203213 0 29400 0 54296 0 42675 0 938096 0 18000 JEFFREY WEISS CFO - QLARANT 0 204343 0 0 0 185 0 0 0 21138 0 225666 0 0 DANA FIDLER FORMER CFO - QLARANT 0 86050 0 18771 0 461 0 4816 0 308 0 110406 0 0 PART I, LINE 4B CEO, RON FORSYTHE, PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS INTO THE PLAN DURING 2023 AND $20,371 VESTED AND WAS PAID DURING 2023. 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. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT FUNCTIONS, SUCH AS FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CONTRACTS, AND BUSINESS DEVELOPMENT, ARE PERFORMED BY QLARANT, INC., THE FOUNDER OF QLARANT FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 6 QLARANT, INC. IS THE SOLE MEMBER OF QLARANT FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A QLARANT, INC. HAS THE RIGHT TO APPOINT AND ELECT ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS OF QLARANT, INC. APPROVES ALL BOARD MEMBER RECOMMENDATIONS MADE BY THE BOARD OF QLARANT FOUNDATION,INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE FINANCE COMMITTEE. THE BOARD OF DIRECTORS RECEIVES A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS PARTICIPATES IN ANNUAL COMPLIANCE TRAINING AND CONFLICT OF INTEREST TRAINING GIVEN BY THE COMPLIANCE OFFICER. EACH BOARD MEMBER, THE CEO, AND CFO ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. THERE MAY BE A MATTER WHERE A MEMBER, OR A MEMBER OF THE MEMBER'S FAMILY, MAY HAVE A MATERIAL PERSONAL INTEREST IN A TRANSACTION OR COURSE OF ACTION IN WHICH QLARANT FOUNDATION, INC. IS, OR MAY BE, INVOLVED. IN SUCH CIRCUMSTANCES, THE MEMBER SHALL NOT PARTICIPATE IN THE VOTING UPON, OR DISCUSSION OF, THE MATTER EXCEPT UNDER THE FOLLOWING CIRCUMSTANCES: 1. A REQUEST TO PARTICIPATE IS MADE TO THE COMPLIANCE COMMITTEE ALONG WITH FULL DISCLOSURE OF THE POTENTIAL CONFLICT AND ALL RELEVANT FACTS; AND 2. THE COMPLIANCE COMMITTEE DETERMINES THAT A MATERIAL PERSONAL INTEREST IS NOT INVOLVED; AND 3. THE BOARD IS FULLY ADVISED OF THE COMPLIANCE COMMITTEE'S DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE NO KEY OFFICERS OR EMPLOYEES PAID DIRECTLY BY QLARANT FOUNDATION. THE CEO AND CFO ARE PAID BY THE RELATED ORGANIZATION, QLARANT, INC., AND THERE IS NO CHARGE TO THE FOUNDATION FOR THEIR EFFORTS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). 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