Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, line 3 | With the loss of four of our seven customers on July 1, 2022 through a competitive Request for Proposal process, CQuest's financial stability was significantly weakened, and the risk of not fullfilling remaining contract deliverables and providing adequate customer service was high. Leadership and the Board of Directors reviewed and assessed numerous financial projections and determined the necessary program and administrative resources (such as staff and IT tools/infrastructure) would no longer be affordable, negatively impacting the EI and WIC programs. Upon this determination, the Board of Directors approved CQuest to begin organizational "wind down" activities, which included CQuest's three remaining contracts being assigned/transferred to other highly qualified vendors to ensure uninterrupted program services to participants. Upon success of these contract assignments/transfers and other necessary "wind down" activities, the Board of Directors approved CQuest's voluntary dissolution. Articles of Dissolution were filed with the Illinois Secretary of State on February 3, 2023. |
| Form 990, Part VI, Section B, line 11b | CQuest's tax returns are prepared by independent accountants. After completion, review is done by the President & CEO and the CFO. Following review by the President & CEO and the CFO, the returns are distributed to the organization's Board of Directors who are given time to review and comment on the returns. The final step is submission to the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | CQuest has a written conflict of interest policy for all of its employees, including the President & CEO. Employees are asked to confirm annually, that they have read the organization's conflict of interest policy. CQuest's Board of Directors also annually disclose if they have interests that could give rise to conflicts. |
| Form 990, Part VI, Section C, line 19 | Form 990's and all applicable schedules are made available to the public upon request. Organizational policies are not made available to the general public. |
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