2023-02-24T15:21:09-06:00 2022-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2021-07-01 200065799 QLARANT FOUNDATION INC QLAR 4108220697 28464 MARLBORO AVENUE EASTON MD 21601 DANA FIDLER CHIEF FINANCIAL OFFICER 4108220697 2023-02-23 1 DANA FIDLER 999009999 JULIA FLANNERY P00928918 4102469300 2023-02-23 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RONALD FORSYTHE 28464 MARLBORO AVENUE EASTON MD 21601 652123 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 5 0 0 0 0 500000 0 0 0 326310 651374 2289 749 828599 652123 470500 423435 0 0 17000 71700 0 0 0 96410 61411 583910 556546 244689 95577 18110279 15573892 545731 529896 17564548 15043996 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 423435 423435 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. 423435 1 0 0 1 0 0 0 0 0 0 0 1 0 0 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 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X DANA FIDLER CHIEF FINANCIAL OFFICE 4108220697 28464 MARLBORO AVENUE EASTON MD 21601 MARY B BURGOYNE MD DIRECTOR 2.00 X 3000 0 0 BRENDA L CRABBS SECRETARY 2.00 X X 3000 0 0 DOMINIC A SZWAJA CHAIR (BEG 1/21) 3.00 X X 5000 0 0 LAMONT THOMPSON DIRECTOR 2.00 X 3000 0 0 MICHAEL FISHER DIRECTOR 2.00 X 3000 0 0 ANTHONY KERN DIRECTOR 2.00 3.50 X 0 11500 0 HARBHAJAN AJRAWAT MD DIRECTOR (BEG 1/22) 1.00 3.00 X 0 12000 0 RONALD FORSYTHE CEO-QLARANT 1.00 51.00 X 0 643006 70020 DANA FIDLER CFO-QLARANT (BEG 4/21) 1.00 51.00 X 0 212017 3544 17000 878523 73564 0 0 1 0 0 651374 651374 OTHER INCOME 900099 749 749 749 652123 0 0 652123 423435 423435 17750 17750 53950 53950 45489 45489 4210 4210 11346 11346 241 241 108 108 17 17 556546 423435 133111 0 285372 254074 11717141 10105307 5612941 5214511 494825 0 18110279 15573892 545731 509000 0 20896 545731 529896 X 17564548 15043996 17564548 15043996 18110279 15573892 95577 -2616129 0 X 0 1 X 1 0 X 1500000 1000000 500000 500000 3500000 1500000 1000000 500000 500000 3500000 3500000 386162 445507 442358 386009 651374 2311410 39292 26712 2289 749 69042 5880452 0.59520 0.81750 X X 0 0 0 0 0 0 556546 84897507 556546 84897507 108482 1000000 27121 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 90677 3130 93807 250000 250000 250000 250000 1000000 1500000 0 ISHARES TR EDGE MSCI USA VALUE FACTOR ETF 1163976 F VANGUARD REIT INDEX FUND ADMIRAL SHARES 862609 F VANGUARD SMALL CAP VALUE INDEX ADMIRAL SHARES 843738 F VANGUARD VALUE INDEX FUND ADMIRAL SHARES 1020248 F WASHINGTON MUTUAL INVESTORS FUND CLASS F-3 1323940 F 5214511 DUE TO RELATED PARTY 20896 20896 X 82092890 -2616129 84056896 81440767 652123 0 652123 82782854 82226308 82226308 556546 0 556546 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 84,056,896. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATES INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS 82,226,308. 1 BAY HUNDRED COMMUNITY VOLUNTEERS PO BOX 12 MCDANIEL MD 21647 820552436 501(C)(3) 17500 0 GENERAL SUPPORT COMMUNITY FREE CLINIC INC 249 MILL STREET HAGERSTOWN MD 21740 521772594 501(C)(3) 20000 0 GENERAL SUPPORT BRIGHT BEGINNINGS INC 3418 4TH STREET SE WASHINGTON DC 20032 521697917 501(C)(3) 25000 0 GENERAL SUPPORT UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION 737 W LOMBARD ST SUITE 314 BALTIMORE MD 21201 522238893 501(C)(3) 25000 0 GENERAL SUPPORT ULMAN FOUNDATION 1215 EAST FORT AVE SUITE 104 BALTIMORE MD 21230 522057636 501(C)(3) 20000 0 GENERAL SUPPORT HELPING UP MISSION 1029 EAST BALTIMORE ST BALTIMORE MD 21202 520635090 501(C)(3) 20000 0 GENERAL SUPPORT GRACE CENTER FOR MATERNAL AND WOMEN'S HEALTH 10226 OLD OCEAN BOULEVARD UNIT 2 BERLIN MD 21811 272789189 501(C)(3) 15000 0 GENERAL SUPPORT GIRLS IN THE GAME 10 E NORTH AVENUE BALTIMORE MD 21202 364024533 501(C)(3) 11000 0 GENERAL SUPPORT CAMP ATTAWAY 9770 PATUXENT WOODS DR SUITE 303 COLUMBIA MD 21046 521795189 501(C)(3) 32000 0 GENERAL SUPPORT BRINGING HOPE HOME INC 641 SWEDESFORD ROAD MALVERN PA 19355 261222985 501(C)(3) 20000 0 GENERAL SUPPORT COMMUNITY CLINIC INC 8630 FENTON STREET SILVER SPRING MD 20910 520988386 501(C)(3) 20000 0 GENERAL SUPPORT ATHLETES UNITED FOR SOCIAL JUSTICE 740 15ST NW SUITE 322 WASHINGTON DC 20005 264594778 501(C)(3) 20000 0 GENERAL SUPPORT HABITAT FOR HUMANITY CHOPTANK INC PO BOX 2366 EASTON MD 21601 521785188 501(C)(3) 30000 0 GENERAL SUPPORT HELP AND OUTREACH POINT OF ENTRY INC PO BOX 5113 SALISBURY MD 21802 260756910 501(C)(3) 20000 0 GENERAL SUPPORT THE JUBILEE ASSOCIATION OF MARYLAND INC 10408 MONTGOMERY AVENUE KENSINGTON MD 20895 521102174 501(C)(3) 20000 0 GENERAL SUPPORT REACH OUT AND READ INC 89 SOUTH STREET BOSTON MA 02111 043481253 501(C)(3) 25000 0 GENERAL SUPPORT SHEPHERD'S CLINIC INC 2800 KIRK AVENUE BALTIMORE MD 21218 521739001 501(C)(3) 20000 0 GENERAL SUPPORT WORCHESTER COUNTY WARRIORS AGAINST OPIATE ADDICTION INC 12540 RIVER RUN LANE BERLIN MD 21811 813266129 501(C)(3) 25000 0 GENERAL SUPPORT PARTNERS IN GIVING INC 1 COURT LANE UNITE 402 CAMBRIDGE MD 21613 842362311 501(C)(3) 10000 0 GENERAL SUPPORT ST MICHAELS COMMUNITY CENTER INC PO BOX 354 SAINT MICHAELS MD 21663 521698879 501(C)(3) 10000 0 GENERAL SUPPORT 20 0 PART I, LINE 2: UPON AWARD, 25% OF THE GRANT IS DISBURSED. IN NOVEMBER AND FEBRUARY QUARTERLY REPORTS ARE REQUIRED. AFTER REVIEW AND ACCEPTANCE, AN ADDITIONAL 25% IS DISBURSED EACH OF THESE TIMES. A QUARTERLY REPORT IS REQUIRED IN APRIL WHICH HAS NO DISBURSEMENT ATTACHED. A FINAL REPORT IS DUE IN JULY AND ONCE ACCEPTED, THE FINAL 25% IS DISBURSED. 0 0 0 0 0 0 0 0 0 RONALD FORSYTHE CEO-QLARANT 0 488794 0 153450 0 762 0 31313 0 38707 0 713026 0 0 DANA FIDLER CFO-QLARANT (BEG 4/21) 0 186369 0 25396 0 252 0 0 0 3544 0 215561 0 0 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. 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 SOLE MEMBER OF QLARANT FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO BECOME COMPATIBLE WITH MARYLAND GUIDELINES. CHANGES WERE MADE AS FOLLOWS: - CHAPTER IV BOARD OF DIRECTORS: SECTION I - TERMS OF OFFICE IS AMENDED TO ESTABLISH TERM LIMITS FOR DIRECTORS. - CHAPTER VI OFFICERS: SECTION III ELECTION IS AMENDED TO ESTABLISH TERM LIMITS FOR THE CHAIRMAN OF THE BOARD. - CHAPTER VIII EXECUTIVE COMMITTEE AND OTHER COMMITTEES ESTABLISHED BY DIRECTORS: SECTIONS I AND II ARE AMENDED TO STATE THAT COMMITTEE MEMBERS SHALL BE NOMINATED BY THE CHAIRPERSON AND APPOINTED/CONFIRMED BY THE TRUSTEES FROM AMONG THE BOARD'S MEMBERS. - CHAPTER IX ELECTION OF DIRECTORS: SECTION II MAXIMUM BOARD SIZE HAS BEEN DELETED. 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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