2021-03-16T08:38:10-05:00 2020-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2019-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 ERIC LEWIS TREASURER 5184292460 2021-03-16 1 KEVIN TESTO P01435881 5184644080 2019 2022-09-23 18:48:47Z ERIC LEWIS 140 ACADEMY ROAD ALBANY NY 12208 61932391 0 X WWW.ALBANYACADEMIES.ORG X 1813 NY SEE SCHEDULE O 21 21 327 250 570450 0 1538037 4708822 17626205 17288526 1343889 635997 204588 189538 20712719 22822883 3996649 4083588 0 0 10871424 10917308 0 0 433452 5216560 4854085 20084633 19854981 628086 2967902 51916554 55091060 10588591 10639088 41327963 44451972 X SEE SCHEDULE O 0 0 16741986 4083588 16718076 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. APPROXIMATELY 762 SERVED. 16741986 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 16 0 1 327 1 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X PAMELA MACAFFER 5184292460 140 ACADEMY ROAD ALBANY NY 12208 NANCY CAREY CASSIDY PRESIDENT 1.00 X X 0 0 0 JENNY AMSTUTZ TRUSTEE 1.00 X 0 0 0 CARL BECKER TRUSTEE 1.00 X 0 0 0 WILLIAM J BELLEVILLE JR TRUSTEE 1.00 X 0 0 0 MICHAEL LASCH TRUSTEE 1.00 X 0 0 0 PETER CAMPITO PE TRUSTEE 1.00 X 0 0 0 EILEEN M CONSIDINE SECRETARY 1.00 X X 0 0 0 RICHARD FLAHERTY TRUSTEE 1.00 X 0 0 0 DR KYLE FLIK TRUSTEE 1.00 X 0 0 0 CARON O'BRIEN TRUSTEE 1.00 X 0 0 0 JAMES HENS TRUSTEE 1.00 X 0 0 0 ERIC LEWIS PHD TREASURER 1.00 X X 0 0 0 NEERAV PATEL TRUSTEE 1.00 X 0 0 0 HYACINTH MASON PHD TRUSTEE 1.00 X 0 0 0 CORNELIUS MURRAY TRUSTEE 1.00 X 0 0 0 STEWART C MYERS TRUSTEE 1.00 X 0 0 0 NANCY WEKSELBAUM TRUSTEE 1.00 X 0 0 0 BRAD ROSENSTEIN TRUSTEE 1.00 X 0 0 0 JAMES A SIDFORD VICE PRESIDENT 1.00 X X 0 0 0 KAARI STANNARD TRUSTEE 1.00 X 0 0 0 FERDINAND VENDITTI JR TRUSTEE 1.00 X 0 0 0 CHRISTOPHER LAURICELLA HEAD OF SCHOOL 40.00 X 228326 0 14341 ANN WENDTH DIRECTOR OF INSTITUTIONAL 40.00 X 137742 0 6843 M SCOTT MILLIKEN AA ASSOCIATE HEAD OF SCHOOL 40.00 X 123510 0 17949 PAMELA MACAFFER CFO 40.00 X 130283 0 15708 DONNA JO RUGGIERO AAG ASSOCIATE HEAD OF SCHOOL 40.00 X 118680 0 12820 738541 0 67661 5 0 1 0 SANO-RUBIN CONSTRUCTION SERVICES LLC PO BOX 9078 ALBANY NY 122090078 CONSTRUCTION 1390770 COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 694235 AUSTIN & COMPANY 20 CORPORATE WOODS BOULEVARD ALBANY NY 122112350 INSURANCE 297053 DURHAM SCHOOL SERVICES 1 INDUSTRY DRIVE WATERFORD NY 12188 BUSING 191324 JANITRONICS BUILDING SERVICES 1988 CENTRAL AVENUE ALBANY NY 122122729 CLEANING SERVICES 160905 5 4708822 104980 4708822 TUITION 900099 16198641 16198641 AUXILIARY INCOME 900099 609432 38982 570450 OTHER SOURCE INCOME 900099 480453 480453 17288526 469664 469664 39233385 39067052 166333 166333 166333 231994 42456 189538 189538 22822883 16718076 570450 825535 4083588 4083588 784989 261305 384439 139245 8315254 7146537 995953 172764 348223 283463 52821 11939 809850 717035 62614 30201 658992 536437 99961 22594 65695 65695 44793 419 44374 121593 31441 62244 27908 214399 74161 140238 376644 376644 41115 33306 1691 6118 226851 226851 966749 966749 212609 212609 CAFETERIA EXPENSE 512976 512976 PROFESSIONAL SERVICES 472250 142132 316292 13826 CONTRACTED SERVICES 408194 388448 17887 1859 SUPPLIES 256948 232367 21420 3161 933269 515518 413914 3837 19854981 16741986 2679543 433452 832969 1271781 568229 504157 282569 221312 40423629 24204024 15990059 16219605 24679651 27492573 9563077 9381632 51916554 55091060 2203170 1289678 1465489 968721 6421165 8036550 498767 344139 10588591 10639088 X 12098142 15621285 29229821 28830687 41327963 44451972 51916554 55091060 X 2967902 289742 -133635 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 27625782 513861 667371 903958 27903056 26760155 412055 1338795 885223 27625782 25567417 394470 1670682 872414 26760155 24099999 261370 2055913 849865 25567417 24378797 361246 187460 827504 24099999 1 0 33537807 17752305 15785502 6872794 6451719 421075 13028 13028 16219605 OTHER ASSETS 178267 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1769810 BENEFICIAL INTEREST IN PERPETUAL TRUST 7433555 9381632 LIABILITY UNDER THE POOLED INCOME FUND 2658 LIABILITY UNDER CHARITABLE REMAINDER TRUST 10237 POSTRETIREMENT BENEFITS 331244 344139 18872163 289742 -4174767 -3885025 22757188 65695 65695 22822883 15748154 42456 42456 15705698 65695 4083588 4149283 19854981 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 42,456. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST -124,799. CHANGE IN VALUE OF PERPETUAL TRUST -103,241. CHANGE IN VALUE OF POOLED INCOME TRUST 94,405. FINANCIAL AID -4,083,588. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 42,456. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,083,588. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY IS NOTED ON ALL NEWSPAPER ADVERTISEMENTS AND ADMISSIONS BROCHURES. SPRING GATHERING 122645 122645 7463 16107 LEGACY OF DREAMS 85430 85430 10000 2333 1 23919 23919 200 4156 2197 231994 231994 7463 200 14156 20637 42456 189538 1 SCHOLARSHIPS 414 4083588 0 PART I, LINE 2: THE ALBANY ACADEMIES ARE COMMITTED TO MAINTAINING A STRONG, DIVERSE STUDENT BODY IN A LEARNING ENVIRONMENT RICH WITH CULTURAL, RELIGIOUS, ETHNIC AND ECONOMIC DIVERSITY. WE ACCEPT STUDENTS ON THE BASIS OF THEIR ABILITY TO CONTRIBUTE TO AND BENEFIT FROM OUR EDUCATIONAL COMMUNITY. WITH THIS IN MIND, WE HAVE DEVELOPED A VARIETY OF FINANCING OPTIONS TO HELP MAKE AN ACADEMIES EDUCATION AFFORDABLE. OUR FINANCIAL AID PROGRAM EXISTS TO ATTRACT AND ASSIST A DIVERSE AND QUALIFIED STUDENT POPULATION, INCLUDING STUDENTS WHO MIGHT NOT OTHERWISE PURSUE AN INDEPENDENT SCHOOL EDUCATION. CANDIDATES ARE ADMITTED TO THE ALBANY ACADEMIES BASED ON ESTABLISHED ADMISSIONS CRITERIA, REGARDLESS OF FAMILY FINANCIAL CIRCUMSTANCES. THE CONFIDENTIAL FINANCIAL AID PROCESS IS COMPLETELY SEPARATE AND IN NO WAY INFLUENCES ADMISSION DECISIONS. APPROXIMATELY FORTY PERCENT OF THE STUDENT BODY RECEIVES FINANCIAL ASSISTANCE. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER LAURICELLA HEAD OF SCHOOL 228326 0 0 0 0 0 5375 0 8966 0 242667 0 0 0 AUSTIN & COMPANY JAMES SIDFORD, BOARD MEMBER, IS A PRINCIPAL WITH AUSTIN & COMPANY 297053 INSURANCE BROKER USED BY THE ACADEMIES. 0 X 59 11709 FMV - NASDAQ X OTHER GOODS 2 98480 FMV-ESTIMATED 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 1. TO OPERATE AND MAINTAIN AN EARLY CHILDHOOD CO-EDUCATION PROGRAM FOR CHILDREN THREE AND FOUR YEARS OF AGE. 2. TO OPERATE AND MAINTAIN AN EARLY CHILDHOOD EDUCATION PROGRAM FOR GIRLS FOUR AND FIVE YEARS OF AGE, A KINDERGARTEN FOR FIVE-YEAR OLD GIRLS, A GRADE ONE THROUGH FOUR PRIMARY SCHOOL FOR GIRLS AND A GRADE FIVE THROUGH 8 MIDDLE SCHOOL FOR GIRLS AND, WHEN DEEMED FITTING, CO-EDUCATIONAL COURSES AND PROGRAMS. 3. TO OPERATE AND MAINTAIN AN EARLY CHILDHOOD EDUCATION PROGRAM FOR BOYS FOUR AND FIVE YEARS OF AGE, A KINDERGARTEN FOR FIVE-YEAR OLD BOYS, A GRADE ONE THROUGH FOUR PRIMARY SCHOOL FOR BOYS AND A GRADE FIVE THROUGH 8 MIDDLE SCHOOL FOR BOYS AND, WHEN DEEMED FITTING, CO-EDUCATIONAL COURSES AND PROGRAMS. 4. TO OPERATE AND MAINTAIN A GRADE NINE THROUGH TWELVE SECONDARY SCHOOL WITH BOTH SINGLE-GENDER AND CO-EDUCATIONAL PROGRAMS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ALBANY ACADEMIES IS A PRESCHOOL-GRADE 12 INDEPENDENT COLLEGE-PREPATORY SCHOOL COMMITTED TO DEVELOPING THE POTENTIAL OF THE WHOLE INDIVIDUAL BY BUILDING A COMMUNITY THAT FOSTERS SCHOLARSHIP, LEADERSHIP, CHARACTER, SERVICE AND CREATIVITY. OUR CORE VALUES INCLUDE RESPONSIBILITY, SELF-DISCIPLINE, COMPASSION, INGENUITY, RESPECT, SERVICE, INTEGRITY AND PERSERVERANCE. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES OUR FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL(S) WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND HAVE MADE ALL MANAGEMENT DECISIONS AND PERFORMED ALL MANAGEMENT FUNCTIONS. FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING WITH THE IRS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SUPPORTING SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE ACADEMIES. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICIES TO DETERMINE IF ANY RELATIONSHIPS SHOULD BE OF CONCERN TO THE SCHOOL FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL USES COMPENSATION SURVEYS THAT ARE APPROVED BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE BY REQUEST AND FORM 990 IS ALSO AVAILABLE THROUGH GUIDESTAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST -124,799. CHANGE IN VALUE OF PERPETUAL TRUST -103,241. CHANGE IN VALUE OF POOLED INCOME FUND 94,405. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT REVIEWS THE AUDITED FINANCIAL STATEMENTS AS WELL AS APPROVES THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 11B: AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES OUR FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL(S) WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND HAVE MADE ALL MANAGEMENT DECISIONS AND PERFORMED ALL MANAGEMENT FUNCTIONS. FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING WITH THE IRS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SUPPORTING SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE ACADEMIES. FORM 990, PART VI, SECTION B, LINE 12C: ON AN ANNUAL BASIS THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICIES TO DETERMINE IF ANY RELATIONSHIPS SHOULD BE OF CONCERN TO THE SCHOOL.