Positudes Inc
- Assets
- $43.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Westbury, NY
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 11-3550195
Organization Overview
Positudes Inc is located in Westbury, NY. The organization was established in 2001. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Positudes Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Positudes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Positudes Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 15.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Positudes Inc has awarded 32 individual grants totaling $1,509,848. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRONIC ILLNESS ASSISTANCE DEDICATED TO GENERATING FUNDS FOR CHARITABLE ORGS THAT ASSIST INDIVIDUALS IN MANAGING THEIR CARE OF CHRONIC DISEASES AND THAT DO RESEARCH TO FIND CURES FOR CHRONIC DISEASES; ASSIST INDIVIDUALS AND THEIR FAMILIES WITH MANAGING THEIR MEDICAL CARE. PROVIDE MEDICATION TO CHRONICALLY ILL INDIVIDUALS AT LITTLE OR NO COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANNCE PHARMACY IS DEDICATED TO GENERATING FUNDS FOR OTHER CHARITABLE ORGANIZATIONS THAT ASSIST INDIVIDUALS IN MANAGING THEIR CARE OF CHRONIC DISEASES AND CONDUCT RESEARCH TO FIND CURES FOR CHRONIC DISEASES; ASSISTS INDIVIDUALS AND FAMILIES WITH MANAGING THEIR MEDICAL CARE; TO PROVIDE MEDICATION TO CHRONICALLY ILL INDIVIDUALS AT NO OR REDUCED COST TO THEM IN ACCORDANCE WITH ALL FEDERAL AND STATE LAWS; AND TO ENGAGE IN ACTIVITIES TO RAISE OR SOLICIT FUNDS, GRANTS/OR GIFTS IN FURTHERANCE OF THE CORPORATION'S FUNDRISING ACTIVITIES IN SUPPORT OF CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Fusaro President | OfficerTrustee | 40 | $319,194 |
Gregory Ware Director(retired Oct 23) | Trustee | 2 | $0 |
Maryann Fusaro Vice President | OfficerTrustee | 40 | $106,204 |
Joe Pugliese Director | Trustee | 2 | $0 |
Jeff Amond Director | Trustee | 2 | $0 |
Jeff Blake Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,245,271 |
| Investment income | $5,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,466,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,717,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,700 |
| Grants and other assistance to domestic individuals. | $5,888 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $450,922 |
| Compensation of current officers, directors, key employees. | $181,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,699 |
| Pension plan accruals and contributions | $30,351 |
| Other employee benefits | $112,309 |
| Payroll taxes | $62,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,573 |
| Fees for services: Accounting | $34,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,192 |
| Advertising and promotion | $4,901 |
| Office expenses | $42,113 |
| Information technology | $158,251 |
| Royalties | $0 |
| Occupancy | $157,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,447 |
| Interest | $737,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,157 |
| Insurance | $216,792 |
| All other expenses | $0 |
| Total functional expenses | $3,545,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,788 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,100,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,657,419 |
| Prepaid expenses and deferred charges | $121,447 |
| Net Land, buildings, and equipment | $10,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $236,537 |
| Total assets | $43,913,331 |
| Accounts payable and accrued expenses | $18,394,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,174,737 |
| Total liabilities | $30,569,070 |
| Net assets without donor restrictions | $13,344,261 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,913,331 |
Grants Awarded
Over the last fiscal year, Positudes Inc has awarded $333,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HEMOPHILIA ALLIANCE FOUNDATION PURPOSE: INNOVATION GRANT | $50,000 |
AMERICAN THROMBOSIS & HEMOSTAIS NETWORK PURPOSE: QUARTERLY FUNDING | $100,000 |
HFA HELPING HANDS PURPOSE: HFA APRIL 2023 SYMPOSIUM | $6,000 |
THE COALITION FOR HEMOPHILIA B PURPOSE: ETERNAL SPIRIT GALA SPONSOR | $32,000 |
SAVE ONE LIFE INC PURPOSE: SPONSOR FOR WHEELS OF THE WORLD EVENT | $10,000 |
FWGBD PURPOSE: 2023 GIVING TUESDAY | $25,000 |