High resolution neutron scattering is used to study excitations in the organometallic magnet (CH3)2NH2CuCl3 (DMACuCl3). Combined with bulk magnetization and susceptibility studies, the new results imply that DMACuCl3 is a realization of the S=1/2 alternating antiferromagnetic-ferromagnetic (AFM-FM) chain. Coupled-cluster calculations indicate that the AFM and FM interactions have nearly the same strength, while analysis of scattering intensities shows evidence for interdimer spin correlations. Results are discussed in the context of recent ideas concerning quantum entanglement.