Civic Intelligence

Agape Network Inc.

990 • Fiscal year 2022 • EIN 59-2471230

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 16, 2023

22790 SW 112 AvenueMiami, FL 33170

(305) 235-2616

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

1.73x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

3.25x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

2nd percentile

-177%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$175,336

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

98th percentile

229%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$23,619,028

Up $16,442,039 (+229%) from 2021

Net Assets

Down

-$17,241,184

Down $22,199,386 (-448%) from 2021

Liabilities

Up

$40,860,212

Up $38,641,425 (+1742%) from 2021

Revenue

Up

$12,561,619

Up $1,534,270 (+14%) from 2021

Expenses

Up

$34,761,005

Up $25,917,285 (+293%) from 2021

Net Income

Down

-$22,199,386

Down $24,383,015 (-1117%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2011: $980,536Liabilities 2011: $231,744Net Assets 2011: $748,7922011Assets 2012: $718,640Liabilities 2012: $216,317Net Assets 2012: $502,3232012Assets 2013: $1,336,107Liabilities 2013: $203,989Net Assets 2013: $1,132,1182013Assets 2014: $2,588,001Liabilities 2014: $520,190Net Assets 2014: $2,067,8112014Assets 2015: $3,200,282Liabilities 2015: $464,111Net Assets 2015: $2,736,1712015Assets 2016: $2,478,589Liabilities 2016: $185,487Net Assets 2016: $2,293,1022016Assets 2017: $2,728,929Liabilities 2017: $214,108Net Assets 2017: $2,514,8212017Assets 2018: $2,957,311Liabilities 2018: $436,658Net Assets 2018: $2,520,6532018Assets 2019: $2,782,675Liabilities 2019: $442,563Net Assets 2019: $2,340,1122019Assets 2020: $4,213,054Liabilities 2020: $1,438,481Net Assets 2020: $2,774,5732020Assets 2021: $7,176,989Liabilities 2021: $2,218,787Net Assets 2021: $4,958,2022021Assets 2022: $23,619,028Liabilities 2022: $40,860,212Net Assets 2022: -$17,241,1842022Assets 2023: $26,480,625Liabilities 2023: $39,541,689Net Assets 2023: -$13,061,0642023Assets 2024: $25,490,366Liabilities 2024: $36,935,232Net Assets 2024: -$11,444,8662024Assets 2025: $24,419,535Liabilities 2025: $33,337,081Net Assets 2025: -$8,917,5462025

Highlighted filing

2022

Assets$23,619,028
Liabilities$40,860,212
Net Assets-$17,241,184

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20M-$40MRevenue 2011: $3,347,312Expenses 2011: $3,369,211Net Income 2011: -$21,8992011Revenue 2012: $3,648,355Expenses 2012: $3,894,824Net Income 2012: -$246,4692012Revenue 2013: $4,647,809Expenses 2013: $4,018,014Net Income 2013: $629,7952013Revenue 2014: $6,002,434Expenses 2014: $5,066,741Net Income 2014: $935,6932014Revenue 2015: $7,280,530Expenses 2015: $6,612,170Net Income 2015: $668,3602015Revenue 2016: $6,442,296Expenses 2016: $6,885,365Net Income 2016: -$443,0692016Revenue 2017: $7,127,632Expenses 2017: $6,905,913Net Income 2017: $221,7192017Revenue 2018: $7,146,660Expenses 2018: $7,140,828Net Income 2018: $5,8322018Revenue 2019: $6,804,426Expenses 2019: $6,984,967Net Income 2019: -$180,5412019Revenue 2020: $7,530,890Expenses 2020: $7,096,429Net Income 2020: $434,4612020Revenue 2021: $11,027,349Expenses 2021: $8,843,720Net Income 2021: $2,183,6292021Revenue 2022: $12,561,619Expenses 2022: $34,761,005Net Income 2022: -$22,199,3862022Revenue 2023: $17,477,551Expenses 2023: $13,297,431Net Income 2023: $4,180,1202023Revenue 2024: $18,119,848Expenses 2024: $16,503,650Net Income 2024: $1,616,1982024Revenue 2025: $19,657,742Expenses 2025: $17,130,422Net Income 2025: $2,527,3202025

Highlighted filing

2022

Revenue$12,561,619
Expenses$34,761,005
Net Income-$22,199,386
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 16, 2023
Return Version
2021v4.2
Gross Receipts
$12,604,017
Mission and Program Overview

Mission

To restore individuals and families to psychological, social, physical, and spiritual health

Community health center restoring individuals and families to psychological, social, physical and spiritual health

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$482,917$13,978,750▲ $13,495,833
Cash and Non-Interest-Bearing Accounts$2,453,867$7,705,369▲ $5,251,502
Pledges and Grants Receivable$338,718$966,635▲ $627,917
Prepaid Expenses and Deferred Charges$199,234$448,783▲ $249,549
Accounts Receivable$228,350$279,248▲ $50,898
Total Assets$7,176,989$23,619,028▲ $16,442,039
Other Assets Total$3,473,903$240,243▼ $3,233,660
Liabilities
Mortgage Notes Payable Secured by Investment Property$221,000$34,121,000▲ $33,900,000
Deferred Revenue$1,585,546$5,142,310▲ $3,556,764
Accounts Payable and Accrued Expenses$411,485$1,596,194▲ $1,184,709
Other Liabilities$756$708▼ $48
Total Liabilities$2,218,787$40,860,212▲ $38,641,425
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,642,777$4,642,777▲ $3,000,000
Net Assets Without Donor Restrictions$3,315,425$-21,883,961▼ $25,199,386
Total Net Assets Fund Balance$4,958,202$-17,241,184▼ $22,199,386
Total Liabilities and Net Assets / Fund Balance$7,176,989$23,619,028▲ $16,442,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,642,424$2,004,620$15,647,044
Equipment$206,326$1,235,600$1,441,926
Land$130,000-$130,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Jose E HernandezFounder/executive DirectorFT$157,333$13,222$170,555
Dr Claudio M PerezPresident/CEOFT$163,616$6,716$170,332
Caitlin Colleen Little MeyerPsychiatristFT$151,696-$151,696
Sandra HernandezCOOFT$126,619$10,324$136,943
Venus Michelle MillerClinical DirectorFT$130,000-$130,000
Maria G VargasCAOFT$101,539$5,381$106,920

Board Members and Trustees

NameTitle
Dr William W WhiteChairman
Dr Jimmy Ray BurkeVice Chair
Armando HernandezBoard Member
Don J HarrisBoard Member
Dr Anthony P AlbaneseBoard Member
Emilio J Alvarez-farreBoard Member
Jorge a DominicisBoard Member
Joseph MiltonBoard Member
Kevin KearnsBoard Member
Melinda Brown-gonzalezBoard Member
Pedro MunillaBoard Member
Rita FinleyBoard Member
William M DuquetteBoard Member
Janet RuddockCCO
Rodil MariaPsychiatrist
Jd PattersonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ohla Building INCConstruction9675 NW 117TH AVE SUITE 108, Miami, FL 33178$6,907,536
Health Choice NetworkFull Range Business Services9064 NW 13 TERRACE, Miami, FL 33172$629,167
Elite DecorWindow Treatments7905 NW 60TH ST, Miami, FL 33166$259,868
Marsh Meclennan AgencyInsurance Services111 BRICKELL AVENUE SUITE 115, Miami, FL 33131$255,903
Bermello Ajamil Partners INCArchitectural Services900 SE 3RD AVE STE 203, Fort Lauderdale, FL 33316$244,773
Revenue and Support

Revenue Composition

Contributions and Grants
$8,899,167
Program Service Revenue
$3,466,300
Investment Income
$0
Other Revenue
$196,152
All Other Contributions
$891,482
Change in Net Assets
$-22,199,386

Noncash Contribution Practices

Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table10$93,907Fair Market Value (FMV)
Other Non Cash Contri Table3,014$78,291Fair Market Value (FMV)
Other Non Cash Contri Table-$10,490Fair Market Value (FMV)
Other Non Cash Contri Table1$3,780Fair Market Value (FMV)
Other Non Cash Contri Table1$3,000Fair Market Value (FMV)
Other Non Cash Contri Table1$2,000Fair Market Value (FMV)
Other Non Cash Contri Table-$1,835Fair Market Value (FMV)
Other Non Cash Contri Table10$1,500Fair Market Value (FMV)
Other Non Cash Contri Table1$1,348Fair Market Value (FMV)
Other Non Cash Contri Table800$1,000Fair Market Value (FMV)
Other Non Cash Contri Table121$1,000Fair Market Value (FMV)
Other Non Cash Contri Table6$708Fair Market Value (FMV)
Other Non Cash Contri Table100$600Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Other Non Cash Contri Table54$200Fair Market Value (FMV)
Other Non Cash Contri Table30$25Fair Market Value (FMV)
Total Noncash Contributions4,150$200,184-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,561,619
Total Revenue per Audited Statements
$12,561,619
Total Revenue per Form 990
$12,561,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,237,900
Salaries, Compensation, and Employee Benefits$7,183,990
Other Expenses$3,339,115
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$24,237,900--$24,237,900
Other Salaries and Wages$5,513,867$739,665-$6,253,532
Other Employee Benefits$814,639$115,819-$930,458
Office Expenses$903,162$18,762-$921,924
All Other Expenses$316,239--$316,239
Other Expenses$200,184$64,600-$200,184
Occupancy$153,821--$153,821
Insurance$82,840$15,500-$98,340
Interest$96,043--$96,043
Travel$1,001$236-$1,237
Total Functional Expenses$33,806,423$954,582$0$34,761,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,761,005
Total Expenses per Audited Statements$34,761,005
Total Expenses per Form 990$34,761,005
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Agape Network FoundationMiami, FL501c3Nmtc$24,237,900
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$152,575
Fundraising Direct Expenses$42,398
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Agape Classic Golf Tournament$152,575$152,575$26,596$125,979
Total Events$152,575$152,575$42,398$110,177
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$708
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

The executive director and the vice president of operations are husband and wife.

Form 990, Part VI, Line 6

The agencys governing body consists of fourteen14 board members.

Form 990, Part VI, Line 11B

Independent auditor prepares the form 990 return and submits it to the cfo and the president / ceo for their reviews. The form 990 is then submitted to the board of directors for their reviews and approval. Once approved, the form 990 will be filed with the irs.

Form 990, Part VI, Line 12C

The agency monitors and enforces its conflicts of interest policy by having its members and employees sign an annual conflict and interest disclosure form. Failure to disclose any actual or potential conflicts of interest would result in disciplinary or action, including dismissal.

Form 990, Part VI, Line 15A

The salary of the president / ceo is determined by the board of directors. This salary is based on performance documented in the annual evaluation, independent compensation survey and studies.

Form 990, Part VI, Line 15B

The board of directors has authorized the executive director to establish the salary of key employees based on performance documented in the annual evaluation. The boards approval thereto is made in the approval of the agencys annual budget.

Form 990, Part VI, Line 19

The agency makes its documents available to the general public upon request via u.s. Mail or electronic mail.

Filing and Contact Details

Filer

Filer Name
Agape Network Inc
EIN
59-2471230
Phone
3052352616
Address
22790 SW 112 AVENUE, MIAMI, FL 33170

Signing Officer

Name
Claudio Perez
Title
president
Phone
3052352616
Signed
2023-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudio Perez
Formed
1983
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
196

Preparer

Firm
Thomas & Company CPA Pa
Address
9710 STIRLING RD STE 101, COOPER CITY, FL 33024
Preparer
Roby Thomas CPA
Phone
9544357272
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 1

During the year the organization was the benefciary of the new market tax credit. The mechanics of the transaction called to draw upon proceeds and donate the funds to the organizations affiliate, the agape network foundation. Upon completion of the project, there is a 7 year compliance period from the date of the note payable, where loans will be forgiven at no additional cost to agape. This 990 should be reviewed in conjunction with the audit report and applicable disclosures.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PSYCHIATRIST
IRS990/Form990PartVIISectionAGrp/TitleTxt3COO
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$33.3$8.92$19.7$17.1$2.53
2024Detailed filing. Detailed filing data is available for this year.$25.5$36.9$11.4$18.1$16.5$1.62
2023Detailed filing. Detailed filing data is available for this year.$26.5$39.5$13.1$17.5$13.3$4.18
2022Detailed filing. Detailed filing data is available for this year.$23.6$40.9$17.2$12.6$34.8$22.2
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.18$2.22$4.96$11.0$8.84$2.18
2020Detailed filing. Detailed filing data is available for this year.$4.21$1.44$2.77$7.53$7.10$0.43
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.44$2.34$6.80$6.98$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.96$0.44$2.52$7.15$7.14$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.73$0.21$2.51$7.13$6.91$0.22
2016Summary only. Only limited summary data is available for this year.$2.48$0.19$2.29$6.44$6.89$0.44
2015Summary only. Only limited summary data is available for this year.$3.20$0.46$2.74$7.28$6.61$0.67
2014Summary only. Only limited summary data is available for this year.$2.59$0.52$2.07$6.00$5.07$0.94
2013Summary only. Only limited summary data is available for this year.$1.34$0.20$1.13$4.65$4.02$0.63
2012Summary only. Only limited summary data is available for this year.$0.72$0.22$0.50$3.65$3.89$0.25
2011Summary only. Only limited summary data is available for this year.$0.98$0.23$0.75$3.35$3.37$0.02