Alphanet Inc
- Assets
- $39.0m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Coral Gables, FL
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 65-0608560
Organization Overview
Alphanet Inc is located in Coral Gables, FL. The organization was established in 1998. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Alphanet Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alphanet 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 06/2022, Alphanet Inc generated $15.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $12.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 3 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALPHANET PROVIDES HEALTH MANAGEMENT SERVICES TO THOSE DIAGNOSED WITH ALPHA1 ANTITRYPSIN DEFICIENCY AND CONTRIBUTES TO ALPHA1 RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. ALPHANET SPONSORS AND CONDUCTS ALPHA-1 RELATED CLINICAL TRIALS, PROVIDES ACCREDITED NURSING EDUCATION PROGRAMS AND, THROUGH ITS MEDICAL TEAM, PUBLISHES THE MOST COMPREHENSIVE GUIDE AVAILABLE FOR LIVING WITH ALPHA-1.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark B Delvaux President And CEO | OfficerTrustee | 30 | $0 |
Robert A Sandhaus Medical Dir And Evp | OfficerTrustee | 30 | $0 |
Patrick M Lunn Director Of Finance | 30 | $0 | |
Christine L Yllanes Communications Dir | 30 | $0 | |
Victoria E Vaccaro Director Of Hr | 30 | $0 | |
Robert L Greene Jr Chairman | OfficerTrustee | 4 | $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 | $1,120,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,120,000 |
| Total Program Service Revenue | $12,201,096 |
| Investment income | $460,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $148,107 |
| Net Gain/Loss on Asset Sales | $1,218,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,148,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,950,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $248,721 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,847,115 |
| Pension plan accruals and contributions | $56,922 |
| Other employee benefits | $487,302 |
| Payroll taxes | $140,651 |
| Fees for services: Management | $40,000 |
| Fees for services: Legal | $39,728 |
| Fees for services: Accounting | $39,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,495 |
| Fees for services: Other | $205,137 |
| Advertising and promotion | $53,512 |
| Office expenses | $163,079 |
| Information technology | $608,501 |
| Royalties | $0 |
| Occupancy | $18,631 |
| Travel | $30,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $447,135 |
| Insurance | $128,699 |
| All other expenses | $0 |
| Total functional expenses | $12,157,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,311,351 |
| Savings and temporary cash investments | $3,254,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,110,048 |
| 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 | $307,219 |
| Net Land, buildings, and equipment | $9,460,983 |
| Investments—publicly traded securities | $22,557,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,001,005 |
| Accounts payable and accrued expenses | $261,435 |
| 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 | $0 |
| Total liabilities | $261,435 |
| Net assets without donor restrictions | $38,179,570 |
| Net assets with donor restrictions | $560,000 |
| 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 | $39,001,005 |
Grants Awarded
Over the last fiscal year, Alphanet Inc has awarded $6,950,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA-1 FOUNDATION INC PURPOSE: Unrestricted | $2,750,000 |
DISEASE MANAGEMENT NETWORK PURPOSE: Unrestricted | $4,200,000 |