Apt Foundation Inc
- Assets
- $25.6m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 382
- Location
- New Haven, CT
- Founding
- 11/1970
- Data as of
- 06/2023
- EIN
- 23-7061218
Organization Overview
Apt Foundation Inc is located in New Haven, CT. The organization was established in 1970. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Apt Foundation Inc employed 382 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apt Foundation 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 06/2023, Apt Foundation Inc generated $41.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $35.7m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTH AND RECOVERY FOR THOSE WHO LIVE WITH SUBSTANCE USE DISORDERS AND/OR MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. PARTIALLY FUNDED BY THE CONNECTICUT DEPARTMENT OF MENTAL HEALTH AND ADDICTION SERVICES, THE APT FOUNDATION IS COMMITTED TO RAPID ACCESS TO TREATMENT, AS WELL AS THE UTILIZATION OF STRATEGIES THAT ENGAGE AND RETAIN PEOPLE IN RECOVERY.
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. THE FOUNDATION OFFERS TREATMENT PROGRAMS FOR ADULTS THAT ADDRESS THE FULL RANGE OF SUBSTANCE ABUSE INCLUDING OPIATES, COCAINE, ALCOHOL AND MULTIPLE ADDICTIONS.
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. THROUGH RESEARCH PROGRAMS SUPPORTED BY STATE AND NATIONAL AGENCIES, SUCH AS THE NATIONAL INSTITUTE ON DRUG ABUSE (NIDA), THE APT FOUNDATION IS AT THE FOREFRONT OF ADDICTION RECOVERY BY DESIGNING TREATMENT PROGRAMS BASED ON RESEARCH OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chair | OfficerTrustee | 3 | $0 |
Name Not Listed Board Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pustola & Associates Construction & Maintenance Services | 6/29/23 | $678,117 |
Environmental Engineering Inc Heating Contractor | 6/29/23 | $187,086 |
High End Construction & Property Maintenance Llc Construction & Maintenance Services | 6/29/23 | $125,340 |
All American Waste Waste Management | 6/29/23 | $132,546 |
Paulo Landscaping And Tree Removal Llc General Contractor | 6/29/23 | $104,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,568,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,596,414 |
| Total Program Service Revenue | $32,217,558 |
| Investment income | $82,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$26,568 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,887,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $562,913 |
| Compensation of current officers, directors, key employees. | $302,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,222,817 |
| Pension plan accruals and contributions | $545,518 |
| Other employee benefits | $3,356,888 |
| Payroll taxes | $1,514,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,964 |
| Fees for services: Accounting | $76,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,573,206 |
| Advertising and promotion | $50,567 |
| Office expenses | $3,722,999 |
| Information technology | $323,244 |
| Royalties | $0 |
| Occupancy | $1,515,633 |
| Travel | $163,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $119,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $928,889 |
| Insurance | $468,814 |
| All other expenses | $622,771 |
| Total functional expenses | $35,662,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,313,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $739,268 |
| Accounts receivable, net | $1,236,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $649,854 |
| Net Land, buildings, and equipment | $14,854,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,805,933 |
| Total assets | $25,599,220 |
| Accounts payable and accrued expenses | $3,291,497 |
| Grants payable | $0 |
| Deferred revenue | $455 |
| 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 | $1,670,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,304 |
| Total liabilities | $5,112,296 |
| Net assets without donor restrictions | $20,486,924 |
| 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 | $25,599,220 |