Elant Inc

“Elant, inc. Outsourced the ceo position for itself and affiliates to an unrelated organization, grassi & co. The interim ceo, under the direction of elant, inc.'s board and the executive committee supervised the conduct of elant and the business and operational affairs of its subsidiaries until june 2016 when a permanent ceo was hired. In addition, grassi & co. Provided financial and compliance review consulting services.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is sent to the organization's executive committee for comment. At the discretion of the executive committee, the 990 may be sent to the full board for additional comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing by the executive committee.”

“Annually board members, officers and key persons are required fill out the conflict of interest policy. A potential conflict may exist if a board member, officer or key person, or his/her immediate family, seeks to engage in a transaction with elant or has an interest in a vendor that could be viewed as potentially compromising the person's loyalty to elant. Each board member shall immediately advise elant's chief compliance officer ("cco") of any changes that may result in a conflict. If the person is not certain whether the matter poses a potential conflict of interest, he/she should discuss the matter with the cco and elant's counsel. The cco shall review all completed questionnaires, all subsequent advice of changes and all disclosures of interest and potential conflicts of interest. All potential conflicts of interest will be reported to the governance committee by the cco. The governance committee shall determine whether a reported interest or potential conflict is in fact a conflict of interest by a majority vote of disinterested members of the committee. If the determination is that a conflict actually exists, then the full committee shall determine the action that needs to be taken. Upon completion of its review, the committee shall report its findings and recommendations to the board. After due deliberation, the board shall determine the action to be taken based on the best interests of elant. The affected person shall be provided an opportunity to address the committee, and by majority vote of the board, may address the board, but may not otherwise be present or participate in the deliberations of the committee or the board and shall not be counted in determining if a quorum is present.”

“The board of directors reviews and approves salary recommendations of the ceo, executive director and top managment officials. Salary recommendations are derived from reputable top-tier survey houses as well as local industries and association specific sources. World at work standards are followed in the selection and use of said compensation surveys to assure reliability and validity of data sources. This policy was implemented in 2011. In 2013, the organization engaged with an outside consultant to review executive compensation. Annually, the board reviews and approves compensation to executives.”

“The board of directors reviews and approves salary recommendations of key employees and other officers. Salary recommendations are derived from reputable top-tier survey houses as well as local industries and association specific sources. World at work standards are followed in the selection and use of said compensation surveys to assure reliability and validity of data sources. This policy was implemented in 2011. In 2013, the organization engaged with an outside consultant to review executive compensation. Annually, the board reviews and approves compensation to executives.”

“Elant, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public on request.”

“Consulting 0 553,922 0 purchased services 0 430,544 0 total 0 984,466 0”

“The entire board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year. To date, the organization has only received draft financial statements.”