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Nonprofiteer
← HEALTH TECH ALLEY

Form 990 for tax year 2022

Filed by HEALTH TECH ALLEY.

Totals

Total revenue
$697,524
Total expenses
$655,268
Contributions and grants received
$697,524
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$79,729
Total liabilities, end of year
$16,423
Net assets or fund balances, end of year
$63,306
Program services expenses (Part IX)
$605,668
Management and general expenses
$49,600
Fundraising expenses
$0
Program service expenses (Part III)
$605,668

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $697,524

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $260,000 · program services $260,000 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $20,024 · program services $20,024 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $21,172 · program services $0 · management and general $21,172 · fundraising $0

  • 11b · Fees: legal

    total $1,960 · program services $0 · management and general $1,960 · fundraising $0

  • 11c · Fees: accounting

    total $10,688 · program services $0 · management and general $10,688 · fundraising $0

  • 11g · Fees: other

    total $271,375 · program services $270,850 · management and general $525 · fundraising $0

  • 13 · Office expenses

    total $442 · program services $175 · management and general $267 · fundraising $0

  • 14 · Information technology

    total $43,675 · program services $43,075 · management and general $600 · fundraising $0

  • 16 · Occupancy

    total $12,775 · program services $2,075 · management and general $10,700 · fundraising $0

  • 17 · Travel

    total $6,165 · program services $5,200 · management and general $965 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $161 · program services $0 · management and general $161 · fundraising $0

  • 24a · Other expenses: Small Tools & Equipment

    total $1,950 · program services $1,950 · management and general $0 · fundraising $0

  • 24b · Other expenses: Subscriptions

    total $1,093 · program services $0 · management and general $1,093 · fundraising $0

  • 24c · Other expenses: Meals

    total $2,966 · program services $2,309 · management and general $657 · fundraising $0

  • 24d · Other expenses: Bank Fees

    total $572 · program services $10 · management and general $562 · fundraising $0

  • 24e · All other expenses

    total $250 · program services $0 · management and general $250 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,050 · end of year $79,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $16,423

  • 27 · Net assets without donor restrictions

    beginning of year $20,050 · end of year $63,306

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Health Tech Alley, Inc.'s (HTA) mission is to enable solutions and services to medically underserved communities and the organizations that serve them. HTA has the particular intent to catalyze economic mobility for underestimated populations and communities of color, address workforce barriers, and advocate for solutions that address social determinants of health (SDoH).

  • Health Tech Alley completed the delivery of the SPRINT Challenge grant, an award from the US Federal EDA Office of Innovation and Entrepreneurship. HTA was subsequently awarded two additional grants from the State of Maryland Department of Labor. HTA SPRINT Challenge included development of a SPRINT partner-customer collaborative roster of 25+ organizations that span programming across health technology implementation, workforce development, entrepreneurship and innovation opportunities for women and communities of color. And the development of a portfolio of eleven (11) community engagement initiatives (CEIs), with one initiative comprised of five additional micro tech-equity projects led by HBCU student fellows at Morgan State, Bowie State and Howard University.

    Expenses $572,190

  • Provided key technical and operational implementation activities, such as telehealth practices, electronic health record management, digital health literacy, etc., and address front line health organization's resource gaps. A direct outcome is enabling smaller providers to operate more effectively and efficiently in providing critical healthcare services to under-resourced communities. This included engagements with Whitman-Walker Health, Grassroots Crisis Intervention, Volunteers of America Chesapeake, MedChi, Maryland's physician-based state advocacy society. Engaged organizations with a reach into the community that spans over 200,000 members, clients, and partners.

    Expenses $30,516

  • 85% of those we directly engaged for services to enable our programming were women and people of color including more than a dozen entrepreneurs, helping bring their ideas and innovative solutions to the marketplace. Developed innovative Healthcare Career Fundamentals programming in partnership with University of Maryland Medical Center, Druid Heights CDC, and the University of Maryland CEC, Pass IT On and Howard Community College. 200 total participants across training and education programs with dozens of founder-entrepreneurs served.

    Expenses $2,962

As filed on the 2022 return.

Listed in Part VII

  • Greg Miller

    President

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Rob Zimmerman

    Controller

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Arti Varanasi

    Secretary

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2023
IRS schema version
2022v5.0
Source object
202341749349301014

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