Alphanet INC FY2022 filing

Tax-deductible

Coral Gables, FL501(c)(3)Since 1995Health CareEIN 65-0608560

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Alphanet provides health management services to individuals diagnosed with alpha-1 antitrypsin deficiency. Alphanet also facilitates clinical trial participation through travel coordination, offers a nursing education program, and contributes to alpha-1 research.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$101K 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
4 of 4
filings with a surplus
Average surplus $2.5M a year · 17% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$101K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$261K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.1M
-4% vs prior year
Spent
$12.2M
To programs
91%
Net assets
$38.7M
By yearFY2021–FY2024
Revenue
$15.1M
FY2022▼ -4%
Revenue by fiscal year
FY2021$15.7M
FY2022$15.1M
FY2023$14.5M
FY2024$14.5M
FY2024$16.3M
Expenses
$12.2M
FY2022▲ +4%
Expenses by fiscal year
FY2021$11.7M
FY2022$12.2M
FY2023$13.1M
FY2024$12.9M
FY2024$12.4M
Net assets
$38.7M
FY2022▼ -1%
Net assets by fiscal year
FY2021$39.3M
FY2022$38.7M
FY2023$41.8M
FY2024$47.4M
FY2024$54.0M

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 Mar 1998.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $11.1M Management & general 9% · $1.1M

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

14 people listed on the 990; $101K 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
Clinical Nurse Manager
$100,595Pt VII · Sec A
Medical Dir and EVP
$0Pt VII · Sec A
Director of Finance
$0Pt VII · Sec A
Communications Dir
$0Pt VII · Sec A
Director of HR
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A

Charlton Strange’s $202K as Medical Director is at the 21st percentile of top reported officer pay among 2901 $10–100M health care 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 · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Charlton Strange$201,883—$143,655—
Charlton Strange—$191,734——
Sheri Allison$158,373—$123,375—
Sheri Allison—$150,263——
Teresa Kitchen—$104,977——
Eduardo Brown—$103,656——
Teresa a Kitchen———$100,595

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps manage health for Alpha1 patients and supports research.

Provided by the organization

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2 program services account for $11.1M of program spending, described in the organization's own filed words · FY2021.
01

Alphanet Services

AlphaNet is an innovative 501(c)(3) health management company dedicated to improving the lives of persons with Alpha-1 Antitrypsin Deficiency ("Alpha-1"). AlphaNet employs 36 individuals with Alpha-1 to provide infusion and health management services to over 7,000 other Alphas.

$8.3Mprogram expense
02

Alpha-1 Foundation

AlphaNet provides grants to Alpha-1 Foundation, a 501(c)(3) organization, to support detection of Alpha-1 affected persons, research for improved therapies and a cure for Alpha-1 Antitrypsin Deficiency.

$2.8Mprogram 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 · this organization's grantmaking
Grants paid · 11 grants · $28.4M · 2020–2024
Alpha-1 Foundation INCFL · FY2024$1,970,000
Disease Management Network INCFL · FY2023$4,450,000
Alpha-1 Foundation INCFL · FY2023$1,777,500
Disease Management Network INCFL · FY2022$4,450,000
Alpha-1 Foundation INCFL · FY2022$2,185,000
Disease Management Network INCFL · FY2021$4,200,000
Alpha-1 Foundation INCFL · FY2021$2,542,500
Disease Management Network INCFL · FY2020$4,200,000
Alpha-1 Foundation INCFL · FY2020$2,535,000
University of KentuckyFY2020$50,000
National Jewish HealthCO · FY2020$40,714

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$15.1M
Ln 12
Fees for servicesLn 2g$12.2M
Investment incomeLn 3$1.7M
Gifts and grantsLn 1h$1.1M
Money outPt IX
$12.2M
Ln 25
Programscol B$11.1M
Managementcol C$1.1M
Owns and owesPt X
$38.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$39.0M
LiabilitiesLn 26$261K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$12.2M
Investment incomeLn 3$1.7M
Other incomeLn 4–11$148K
Gains on assetsLn 7$1.2M
Total revenueLn 12$15.1M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$22.6M
Land, buildings, equipmentLn 10c$9.5M
Total assetsLn 16$39.0M
LiabilitiesLn 26$261K
Net assetsLn 32$38.7M
OperationsPt I, VI
EmployeesI 549
VolunteersI 69
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$3.4M$4.6M
InvestmentsLn 11–13$23.4M$22.6M
Land, buildings, equipmentLn 10c$9.8M$9.5M
Total assetsLn 16$39.6M$39.0M
LiabilitiesLn 26$256K$261K
Net assetsLn 32$39.3M$38.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.0M$7.0M
Grants and assistance to foreign recipientsLn 3$249K$249K
Other salaries and wagesLn 7$1.8M$1.8M$92K
Pension plan contributionsLn 8$57K$55K$2K
Other employee benefitsLn 9$487K$457K$30K
Payroll taxesLn 10$141K$134K$7K
Management feesLn 11a$40K$40K
Legal feesLn 11b$40K$1K$38K
Accounting feesLn 11c$39K$39K
Investment management feesLn 11f$159K$159K
Other fees for servicesLn 11g$205K$163K$42K
Advertising and promotionLn 12$54K$54K
Office expensesLn 13$163K$111K$52K
Information technologyLn 14$609K$548K$60K
OccupancyLn 16$19K$16K$2K
TravelLn 17$30K$17K$13K
Conferences, conventions and meetingsLn 19$72K$44K$28K
Depreciation, depletion and amortizationLn 22$447K$292K$155K
InsuranceLn 23$129K$60K$69K
Other expenses (24a–d)Ln 24$421K$213K$208K
Total functional expensesLn 25$12.2M$11.1M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $14.5M$12.9M$1.6M$47.4M 990 PDF
FY2023 $14.5M$13.1M$1.4M$41.8M 990 PDF
FY2022 Viewing $15.1M$12.2M$3.0M$38.7M 990 PDF
FY2021 $15.7M$11.7M$4.0M$39.3M 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 $15,148,611 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,120,000
VIII-1h Total contributions, gifts and grants$1,120,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,201,096$12,201,096
VIII-3 Investment incomeRelated to mission $460,657$460,657
VIII-6 Net rental income or lossRelated to mission $148,107$148,107
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,218,751$1,218,751
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $14,028,611$15,148,611
Part IX · Statement of functional expenses $12,157,362 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $6,950,250$6,950,250
IX-3 Grants and assistance to foreign recipientsPrograms $248,721$248,721
IX-7 Other salaries and wagesPrograms $1,755,015 · Management $92,100$1,847,115
IX-8 Pension plan contributionsPrograms $55,078 · Management $1,844$56,922
IX-9 Other employee benefitsPrograms $457,066 · Management $30,236$487,302
IX-10 Payroll taxesPrograms $133,525 · Management $7,126$140,651
IX-11a Management feesManagement $40,000$40,000
IX-11b Legal feesPrograms $1,294 · Management $38,434$39,728
IX-11c Accounting feesManagement $39,296$39,296
IX-11f Investment management feesManagement $159,495$159,495
IX-11g Other fees for servicesPrograms $163,460 · Management $41,677$205,137
IX-12 Advertising and promotionManagement $53,512$53,512
IX-13 Office expensesPrograms $110,702 · Management $52,377$163,079
IX-14 Information technologyPrograms $548,093 · Management $60,408$608,501
IX-16 OccupancyPrograms $16,235 · Management $2,396$18,631
IX-17 TravelPrograms $17,340 · Management $12,731$30,071
IX-19 Conferences, conventions and meetingsPrograms $44,457 · Management $27,538$71,995
IX-22 Depreciation, depletion and amortizationPrograms $291,699 · Management $155,436$447,135
IX-23 InsurancePrograms $60,041 · Management $68,658$128,699
IX-24 Other expenses (24a–d)Programs $212,980 · Management $208,142$421,122
IX-25 Total functional expensesPrograms $11,065,956 · Management $1,091,406 · Fundraising $0$12,157,362
Part X · Balance sheet $39,001,005 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $767,882$1,311,351
X-2 Savings and temporary cash investmentsStart of year $2,642,295$3,254,222
X-4 Accounts receivableStart of year $2,782,203$2,110,048
X-9 Prepaid expenses and deferred chargesStart of year $219,633$307,219
X-10c Land, buildings and equipment, netStart of year $9,794,399$9,460,983
X-11 Publicly traded securitiesStart of year $23,369,773$22,557,182
X-16 Total assetsStart of year $39,576,185$39,001,005
X-17 Accounts payable and accrued expensesStart of year $256,420$261,435
X-26 Total liabilitiesStart of year $256,420$261,435
X-27 Net assets without donor restrictionsStart of year $38,759,765$38,179,570
X-28 Net assets with donor restrictionsStart of year $560,000$560,000
X-32 Total net assets or fund balancesStart of year $39,319,765$38,739,570
X-33 Total liabilities and net assetsStart of year $39,576,185$39,001,005
Part XI · Reconciliation of net assets $38,739,570 net assets at year end
XI-1 Total revenue$15,148,611
XI-2 Total expenses$12,157,362
XI-3 Revenue less expenses$2,991,249
XI-4 Net assets at start of year$39,319,765
XI-5 Net unrealized gains (losses) on investments−$3,894,467
XI-9 Other changes in net assets$323,023
XI-10 Net assets at end of year$38,739,570

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

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