Apt Foundation INC FY2023 filing

Tax-deductible

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

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.
80¢ of each $1 spent went to programs.
$1.3M 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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FY2023 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
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
2 mo
of spending, in cash
Fine: 1.5 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
$5.1M
20% of total assets
Looks good: liabilities are 20% 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
$41.9M
+23% vs prior year
Spent
$35.7M
To programs
80%
Net assets
$20.5M
By yearFY2020–FY2024
Revenue
$41.9M
FY2023▲ +23%
Revenue by fiscal year
FY2020$31.6M
FY2021$33.2M
FY2022$34.1M
FY2023$41.9M
FY2024$39.0M
FY2024$36.9M
Expenses
$35.7M
FY2023▲ +7%
Expenses by fiscal year
FY2020$30.7M
FY2021$32.3M
FY2022$33.4M
FY2023$35.7M
FY2024$36.7M
FY2024$35.9M
Net assets
$20.5M
FY2023▲ +44%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $28.6M Management & general 20% · $7.0M

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

Who runs it and what they're paid

18 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$290,343Pt VII · Sec A
Medical Director Primary Care
$249,044Pt VII · Sec A
CFO/Treasurer
$205,479Pt VII · Sec A
Co-Director Access & Ambulatory Services
$144,191Pt VII · Sec A
Senior Director Residential Services
$143,827Pt VII · Sec A
Chief Human Resources Officer
$140,511Pt VII · Sec A
Senior Director Legion
$134,517Pt 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 program services account for $28.6M of program spending, described in the organization's own filed words · FY2022.
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.

$25.2Mprogram 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.

$2.6Mprogram 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.

$853Kprogram expense

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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 FY2023 990, line by line.

1The main four
Money inPt VIII
$41.9M
Ln 12
Fees for servicesLn 2g$32.2M
Gifts and grantsLn 1h$9.6M
Investment incomeLn 3$82K
Money outPt IX
$35.7M
Ln 25
Programscol B$28.6M
Managementcol C$7.0M
Owns and owesPt X
$20.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$25.6M
LiabilitiesLn 26$5.1M
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$9.6M
Government grantsLn 1e$9.6M
Fees for servicesLn 2g$32.2M
Investment incomeLn 3$82K
Total revenueLn 12$41.9M
Assets in detailPt X, end of year
CashLn 1$4.3M
SavingsLn 2$0
Cash and savings togetherLn 1–2$4.3M
Land, buildings, equipmentLn 10c$14.9M
Other assetsLn 15$3.8M
Total assetsLn 16$25.6M
LiabilitiesLn 26$5.1M
Net assetsLn 32$20.5M
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 FY23End FY23
Cash and savingsLn 1–2$3.7M$4.3M
Land, buildings, equipmentLn 10c$15.5M$14.9M
Total assetsLn 16$21.4M$25.6M
LiabilitiesLn 26$7.2M$5.1M
Net assetsLn 32$14.2M$20.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$563K$260K$303K
Other salaries and wagesLn 7$19.2M$16.4M$2.8M
Pension plan contributionsLn 8$546K$461K$85K
Other employee benefitsLn 9$3.4M$2.8M$522K
Payroll taxesLn 10$1.5M$1.3M$236K
Legal feesLn 11b$97K$97K
Accounting feesLn 11c$77K$77K
Other fees for servicesLn 11g$1.6M$1.3M$274K$0
Advertising and promotionLn 12$51K$23K$27K
Office expensesLn 13$3.7M$2.9M$858K
Information technologyLn 14$323K$149K$174K
OccupancyLn 16$1.5M$993K$522K
TravelLn 17$164K$139K$24K
InterestLn 20$120K$120K
Depreciation, depletion and amortizationLn 22$929K$469K$460K
InsuranceLn 23$469K$366K$103K
Other expenses (24a–d)Ln 24$796K$751K$45K
All other expensesLn 24e$623K$288K$335K$0
Total functional expensesLn 25$35.7M$28.6M$7.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $39.0M$36.7M$2.2M$22.7M 990 PDF
FY2023 Viewing $41.9M$35.7M$6.2M$20.5M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $41,887,195 across 8 lines filed
VIII-1e Government grants$9,568,427
VIII-1f All other contributions, gifts and grants$27,987
VIII-1h Total contributions, gifts and grants$9,596,414
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,217,558$32,217,558
VIII-3 Investment incomeExcluded from tax $82,235$82,235
VIII-6 Net rental income or lossExcluded from tax −$26,568−$26,568
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,556$17,556
VIII-12 Total revenueRelated to mission $32,235,114 · Unrelated business $0 · Excluded from tax $55,667$41,887,195
Part IX · Statement of functional expenses $35,662,065 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $259,977 · Management $302,936$562,913
IX-7 Other salaries and wagesPrograms $16,446,323 · Management $2,776,494$19,222,817
IX-8 Pension plan contributionsPrograms $460,614 · Management $84,904$545,518
IX-9 Other employee benefitsPrograms $2,834,426 · Management $522,462$3,356,888
IX-10 Payroll taxesPrograms $1,278,425 · Management $235,649$1,514,074
IX-11b Legal feesManagement $96,964$96,964
IX-11c Accounting feesManagement $76,975$76,975
IX-11g Other fees for servicesPrograms $1,299,658 · Management $273,548 · Fundraising $0$1,573,206
IX-12 Advertising and promotionPrograms $23,354 · Management $27,213$50,567
IX-13 Office expensesPrograms $2,865,248 · Management $857,751$3,722,999
IX-14 Information technologyPrograms $149,288 · Management $173,956$323,244
IX-16 OccupancyPrograms $993,287 · Management $522,346$1,515,633
IX-17 TravelPrograms $139,393 · Management $24,287$163,680
IX-20 InterestManagement $119,746$119,746
IX-22 Depreciation, depletion and amortizationPrograms $468,677 · Management $460,212$928,889
IX-23 InsurancePrograms $365,902 · Management $102,912$468,814
IX-24 Other expenses (24a–d)Programs $751,108 · Management $45,259$796,367
IX-24e All other expensesPrograms $287,622 · Management $335,149 · Fundraising $0$622,771
IX-25 Total functional expensesPrograms $28,623,302 · Management $7,038,763 · Fundraising $0$35,662,065
Part X · Balance sheet $25,599,220 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,702,399$4,313,536
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $652,564$739,268
X-4 Accounts receivableStart of year $970,129$1,236,038
X-9 Prepaid expenses and deferred chargesStart of year $466,106$649,854
X-10c Land, buildings and equipment, netStart of year $15,478,192$14,854,591
X-15 Other assetsStart of year $135,359$3,805,933
X-16 Total assetsStart of year $21,404,749$25,599,220
X-17 Accounts payable and accrued expensesStart of year $2,530,021$3,291,497
X-19 Deferred revenueStart of year $455$455
X-25 Other liabilitiesStart of year $110,406$150,304
X-26 Total liabilitiesStart of year $7,191,556$5,112,296
X-27 Net assets without donor restrictionsStart of year $14,213,193$20,486,924
X-32 Total net assets or fund balancesStart of year $14,213,193$20,486,924
X-33 Total liabilities and net assetsStart of year $21,404,749$25,599,220
Part XI · Reconciliation of net assets $20,486,924 net assets at year end
XI-1 Total revenue$41,887,195
XI-2 Total expenses$35,662,065
XI-3 Revenue less expenses$6,225,130
XI-4 Net assets at start of year$14,213,193
XI-9 Other changes in net assets$48,601
XI-10 Net assets at end of year$20,486,924

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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