Apt Foundation INC FY2022 filing

Tax-deductible

New Haven, CT501(c)(3)Since 1970Mental HealthEIN 23-7061218

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To promote health and recovery for those who live with substance use disorders and/or mental illness.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.2M a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $507K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.2M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.1M
+3% vs prior year
Spent
$33.4M
To programs
81%
Net assets
$14.2M
By yearFY2020–FY2024
Revenue
$34.1M
FY2022▲ +3%
Revenue by fiscal year
FY2020$31.6M
FY2021$33.2M
FY2022$34.1M
FY2023$41.9M
FY2024$39.0M
FY2024$36.9M
Expenses
$33.4M
FY2022▲ +3%
Expenses by fiscal year
FY2020$30.7M
FY2021$32.3M
FY2022$33.4M
FY2023$35.7M
FY2024$36.7M
FY2024$35.9M
Net assets
$14.2M
FY2022▲ +8%
Net assets by fiscal year
FY2020$12.1M
FY2021$13.2M
FY2022$14.2M
FY2023$20.5M
FY2024$22.7M
FY2024$23.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $27.0M Management & general 19% · $6.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$267,920Pt VII · Sec A
Medical Director Primary Care
$229,657Pt VII · Sec A
CFO/Treasurer
$184,810Pt VII · Sec A
Aprn-Lead Psych, Prescriber
$142,682Pt VII · Sec A
Senior Director Residentail Services
$128,000Pt VII · Sec A
Chief Human Resources Officer
$125,322Pt VII · Sec A
Senior Director Legion
$118,810Pt VII · Sec A
$0Pt VII · Sec A

Lynn Madden’s $422K as CEO is at the 87th percentile of top reported officer pay among 746 $10–100M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lynn Madden$421,811$341,527$290,343$267,920$269,475—
Michelle Michaud$269,163$211,816$205,479$184,810$179,763$165,202
Lynn M Madden—————$250,475
Julia M Shi$249,055$249,572$249,044$229,657$225,740$204,811
Robert M Freeman$157,464$145,140————
Katherine Dangelo$146,284$152,441————
Mary Ellen Savage—————$146,352
Scott O Farnum——$144,191—$127,900$118,808

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps people with substance use disorders and mental illness recover and live healthier lives.

Provided by the organization

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3 programs · $27.0M · in their own filed words · FY2021
01

Treatment Programs

The apt foundation provides treatment to individuals with substance use and mental health disorders with an emphasis on traditionally underserved populations. The foundation offers treatment programs for adults that address the full range of substances of abuse including opiates, cocaine, alcohol and multiple addictions.

$24.5Mprogram expense
02

Access to Primary Care

Other programs, such as access to primary care, are offered to assist in the treatment of substance use and mental health disorders, with an emphasis on traditionally underserved populations.

$2.1Mprogram expense
03

Addiction Research

The apt foundation, working in collaboration with the connecticut mental health center and the yale school of medicine, has earned a reputation for excellence in addiction research as well as treatment.

$429Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Yale UniversityFY2024$507K
Total grants receivedfrom 1 funder$507K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$34.1M
Ln 12
Fees for servicesLn 2g$25.1M
Gifts and grantsLn 1h$9.0M
Investment incomeLn 3$53
Money outPt IX
$33.4M
Ln 25
Programscol B$27.0M
Managementcol C$6.4M
Owns and owesPt X
$14.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$21.4M
LiabilitiesLn 26$7.2M
PeoplePt VI, VII
18
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.0M
Government grantsLn 1e$8.9M
Fees for servicesLn 2g$25.1M
Investment incomeLn 3$53
Total revenueLn 12$34.1M
Assets in detailPt X, end of year
CashLn 1$3.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$3.7M
Land, buildings, equipmentLn 10c$15.5M
Other assetsLn 15$135K
Total assetsLn 16$21.4M
LiabilitiesLn 26$7.2M
Net assetsLn 32$14.2M
OperationsPt I, VI
EmployeesI 5362
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$5.8M$3.7M
Land, buildings, equipmentLn 10c$12.8M$15.5M
Total assetsLn 16$20.8M$21.4M
LiabilitiesLn 26$7.6M$7.2M
Net assetsLn 32$13.2M$14.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$516K$434K$83K$0
Other salaries and wagesLn 7$17.8M$15.0M$2.8M
Pension plan contributionsLn 8$491K$413K$78K
Other employee benefitsLn 9$3.4M$2.8M$535K
Payroll taxesLn 10$1.4M$1.2M$219K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$79K$79K
Other fees for servicesLn 11g$1.4M$1.3M$174K$0
Advertising and promotionLn 12$68K$46K$22K
Office expensesLn 13$3.6M$2.9M$758K
Information technologyLn 14$260K$175K$85K
OccupancyLn 16$1.5M$965K$571K
TravelLn 17$135K$124K$10K
InterestLn 20$235K$235K
Depreciation, depletion and amortizationLn 22$923K$450K$474K
InsuranceLn 23$419K$323K$96K
Other expenses (24a–d)Ln 24$777K$747K$30K
All other expensesLn 24e$340K$229K$111K$0
Total functional expensesLn 25$33.4M$27.0M$6.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $39.0M$36.7M$2.2M$22.7M 990 PDF
FY2023 $41.9M$35.7M$6.2M$20.5M 990 PDF
FY2022 Viewing $34.1M$33.4M$644K$14.2M 990 PDF
FY2021 $33.2M$32.3M$864K$13.2M 990 PDF
FY2020 $31.6M$30.7M$915K$12.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $34,071,289 across 8 lines filed
VIII-1e Government grants$8,918,390
VIII-1f All other contributions, gifts and grants$41,087
VIII-1h Total contributions, gifts and grants$8,959,477
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,117,001$25,117,001
VIII-3 Investment incomeExcluded from tax $53$53
VIII-6 Net rental income or lossExcluded from tax −$15,847−$15,847
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,605$10,605
VIII-12 Total revenueRelated to mission $25,127,606 · Unrelated business $0 · Excluded from tax −$15,794$34,071,289
Part IX · Statement of functional expenses $33,427,640 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $433,653 · Management $82,600 · Fundraising $0$516,253
IX-7 Other salaries and wagesPrograms $14,966,466 · Management $2,824,899$17,791,365
IX-8 Pension plan contributionsPrograms $413,415 · Management $78,018$491,433
IX-9 Other employee benefitsPrograms $2,833,172 · Management $534,873$3,368,045
IX-10 Payroll taxesPrograms $1,160,535 · Management $219,102$1,379,637
IX-11b Legal feesManagement $25,522$25,522
IX-11c Accounting feesManagement $79,085$79,085
IX-11g Other fees for servicesPrograms $1,273,326 · Management $173,854 · Fundraising $0$1,447,180
IX-12 Advertising and promotionPrograms $45,638 · Management $22,186$67,824
IX-13 Office expensesPrograms $2,878,212 · Management $758,152$3,636,364
IX-14 Information technologyPrograms $174,686 · Management $84,922$259,608
IX-16 OccupancyPrograms $964,930 · Management $571,162$1,536,092
IX-17 TravelPrograms $124,181 · Management $10,347$134,528
IX-20 InterestManagement $234,990$234,990
IX-22 Depreciation, depletion and amortizationPrograms $449,903 · Management $473,519$923,422
IX-23 InsurancePrograms $323,258 · Management $95,971$419,229
IX-24 Other expenses (24a–d)Programs $746,938 · Management $30,474$777,412
IX-24e All other expensesPrograms $228,546 · Management $111,105 · Fundraising $0$339,651
IX-25 Total functional expensesPrograms $27,016,859 · Management $6,410,781 · Fundraising $0$33,427,640
Part X · Balance sheet $21,404,749 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,831,831$3,702,399
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $327,960$652,564
X-4 Accounts receivableStart of year $1,205,336$970,129
X-9 Prepaid expenses and deferred chargesStart of year $465,096$466,106
X-10c Land, buildings and equipment, netStart of year $12,761,321$15,478,192
X-15 Other assetsStart of year $186,793$135,359
X-16 Total assetsStart of year $20,778,337$21,404,749
X-17 Accounts payable and accrued expensesStart of year $2,206,812$2,530,021
X-19 Deferred revenueStart of year $455$455
X-25 Other liabilitiesStart of year $529,624$110,406
X-26 Total liabilitiesStart of year $7,576,577$7,191,556
X-27 Net assets without donor restrictionsStart of year $13,201,760$14,213,193
X-32 Total net assets or fund balancesStart of year $13,201,760$14,213,193
X-33 Total liabilities and net assetsStart of year $20,778,337$21,404,749
Part XI · Reconciliation of net assets $14,213,193 net assets at year end
XI-1 Total revenue$34,071,289
XI-2 Total expenses$33,427,640
XI-3 Revenue less expenses$643,649
XI-4 Net assets at start of year$13,201,760
XI-9 Other changes in net assets$367,784
XI-10 Net assets at end of year$14,213,193

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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