Elant Inc

“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 organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, by-laws, form 990 and form 1023 are available upon request.”

“The organization's primary mission is to provide administrative services which include human resources, information systems, marketing and finance to its affiliated healthcare organizations. During 2017, several of these affiliated organizations transferred their assets and operations to an unrelated third party. The aforementioned organizations are in the process of winding down. Elant, inc. Is the sole member of its remaining affiliates, glen arden, inc., lifestyle concepts, llc, and elant foundation, inc.”

“With the sale of several affiliated organizations during 2017, the functions performed largely by elant, inc. In prior years have been transferred to glen arden, inc., of which elant, inc. Is the sole member.”

“Loan forgiveness by affiliates 359,435 pension liability adjustment 37,143 transfers from related parties 465,840 transfer to related parties -470,000 total 392,418”