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Nonprofiteer
← POSITUDES INC

Form 990 for tax year 2022

Filed by POSITUDES INC.

Totals

Total revenue
$6,401,977
Total expenses
$3,223,101
Contributions and grants received
$0
Grants paid
$444,603
Program service revenue
$4,072,003
Investment income
$0
Other revenue
$2,329,974
Total assets, end of year
$47,379,458
Total liabilities, end of year
$36,139,162
Net assets or fund balances, end of year
$11,240,296
Program services expenses (Part IX)
$2,507,672
Management and general expenses
$715,429
Fundraising expenses
$0
Program service expenses (Part III)
$2,507,672

Program services were 77.8% 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.

  • 2a · Program service revenue: DISTRIBUTION OF PRESCRIPTION

    total $4,072,003 · related or exempt $4,072,003

  • 10a · Gross sales of inventory

    $294,849,024

  • 10b · Cost of goods sold

    $292,529,282

  • 10c · Net income from sales of inventory

    total $2,319,742 · related or exempt $2,319,742

  • 11a · Other revenue: OTHER INCOME

    total $10,232 · related or exempt $10,232

  • 11e · Other revenue, total

    $10,232

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $442,110 · program services $442,110

  • 2 · Grants to domestic individuals

    total $2,493 · program services $2,493

  • 5 · Compensation of officers, directors and key employees

    total $399,018 · program services $235,820 · management and general $163,198

  • 7 · Other salaries and wages

    total $462,853 · program services $273,546 · management and general $189,307

  • 8 · Pension plan contributions

    total $43,722 · program services $25,828 · management and general $17,894

  • 9 · Other employee benefits

    total $99,413 · program services $58,753 · management and general $40,660

  • 10 · Payroll taxes

    total $56,267 · program services $33,254 · management and general $23,013

  • 11b · Fees: legal

    total $8,794 · program services $2,205 · management and general $6,589

  • 11c · Fees: accounting

    total $83,250 · management and general $83,250

  • 11g · Fees: other

    total $48,955 · program services $40,404 · management and general $8,551

  • 12 · Advertising and promotion

    total $16,941 · program services $16,941

  • 13 · Office expenses

    total $32,496 · program services $18,174 · management and general $14,322

  • 14 · Information technology

    total $112,611 · program services $40,800 · management and general $71,811

  • 16 · Occupancy

    total $151,483 · program services $122,213 · management and general $29,270

  • 18 · Travel or entertainment for public officials

    total $32,217 · program services $32,217

  • 20 · Interest

    total $451,173 · program services $451,173

  • 22 · Depreciation, depletion and amortization

    total $10,205 · program services $8,164 · management and general $2,041

  • 23 · Insurance

    total $182,432 · program services $136,960 · management and general $45,472

  • 24a · Other expenses: PHARMACY OPERATION

    total $464,489 · program services $452,218 · management and general $12,271

  • 24b · Other expenses: OTHER EXPENSES

    total $57,873 · program services $57,873

  • 24c · Other expenses: FACILITIES

    total $39,600 · program services $31,820 · management and general $7,780

  • 24d · Other expenses: BANK CHARGES

    total $14,371 · program services $14,371 · management and general $0

  • 24e · All other expenses

    total $10,335 · program services $10,335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,965,795 · end of year $2,542,636

  • 4 · Accounts receivable

    beginning of year $21,427,601 · end of year $33,458,374

  • 8 · Inventories for sale or use

    beginning of year $9,172,386 · end of year $10,939,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,388 · end of year $45,373

  • 10a · Land, buildings and equipment: cost or other basis

    $285,433

  • 10b · Land, buildings and equipment: accumulated depreciation

    $264,470

  • 10c · Land, buildings and equipment, net

    beginning of year $31,169 · end of year $20,963

  • 15 · Other assets

    beginning of year $20,660 · end of year $372,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,282,447 · end of year $20,079,578

  • 25 · Other liabilities

    beginning of year $9,195,939 · end of year $16,059,584

  • 27 · Net assets without donor restrictions

    beginning of year $8,170,613 · end of year $11,240,296

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

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.

  • 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.

    Expenses $2,507,672 · Grants $444,603 · Revenue $6,401,977

As filed on the 2022 return.

Listed in Part VII

  • Vincent Fusaro

    PRESIDENT

    Total calculated
    $323,628
    From this org
    $295,006
    From related orgs
    $0
    Other
    $28,622
    Hours/week
    40

  • Gregory Ware

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maryann Fusaro

    VICE PRESIDENT

    Total calculated
    $127,900
    From this org
    $104,012
    From related orgs
    $0
    Other
    $23,888
    Hours/week
    40

  • Joe Pugliese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Amond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Blake

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Alison Bartko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gladys Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Vincent Fusaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Plencner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • John Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Bailey

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Danielle Tatusko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Madeiros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Fusaro

    DIRECTOR OF REGULATORY COMPLIANCE AND SENIOR PHARM

    Total calculated
    $228,712
    From this org
    $170,002
    From related orgs
    $0
    Other
    $58,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,002
    Bonus
    $0
    Other
    $0
    Deferred
    $9,296
    Nontaxable benefits
    $49,414
    Filer's total
    $228,712

  • Ayoung Shin

    SENIOR CLINICAL STAFF PHARMACIST

    Total calculated
    $166,061
    From this org
    $156,944
    From related orgs
    $0
    Other
    $9,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,944
    Bonus
    $0
    Other
    $0
    Deferred
    $9,117
    Nontaxable benefits
    $0
    Filer's total
    $166,061

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Vincent Fusaro

    PRESIDENT

    Schedule J breakdown

    Base
    $295,006
    Bonus
    $0
    Other
    $0
    Deferred
    $9,988
    Nontaxable benefits
    $18,634
    Filer's total
    $323,628

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202313059349302801

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