Quantum Leap Health Care Collaborative

“Form 990 is prepared by an independent CPA firm in conjunction with the Organization's accountant. A draft of Form 990 is reviewed by the accountant, and corrections/modifications are made by the outside CPA. The revised draft is then reviewed by the accountant. Any concerns are raised with the CPA firm and a consensus is achieved. Board members are sent a copy of the tax return prior to filing for their review. The return is then finalized and electronically filed with the taxing authorities.”

“The Conflict of Interest Policy is presented and reviewed annually. Each Board member is required to acknowledge in writing that no conflict exists.”

“Compensation of the President of the Organization was determined and approved by vote of the Executive Committee of the Board of Directors. Personnel of UCSF reviewed job requirements against techical abilities of subcontractors and determined whether or not they matched. All subcontractors were engaged at below-market rates.”

“All governing documents, audited financial statements and Form 990, Return of Organization Exempt From Income Tax, are provided upon written request through the Quantum Leap Healthcare website.”

“Other Professional Fees: Program service expenses 216,720. Management and general expenses 278,493. Fundraising expenses 46,249. Total expenses 541,462. Technology Professionals Services: Program service expenses 159,584. Management and general expenses 124,463. Fundraising expenses 3,993. Total expenses 288,040. Public Relations: Program service expenses 25,000. Management and general expenses 54,000. Fundraising expenses 0. Total expenses 79,000.”

“Subsequent to the filing of the 2015 return, there was an increase in the estimated accrued liabilities for one of the clinical sites, thus requiring a negative adjustment to the net assets.”