2020-02-25T09:48:47-06:00 2019-06-30 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2018-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 ERIC LEWIS TREASURER 5184292460 2020-02-19 1 THOMAS W HOSEY CPA P01404628 5187850134 2020-02-19 24.213.243.34 2020-02-19 12:36:01 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 886E3E0EAD9213B55EB3EAAB85EDDBA408BC9955 2018 2020-09-23 17:36:50Z CHRISTOPHER J LAURICELLA 140 ACADEMY ROAD ALBANY NY 12208 39132651 0 X WWW.ALBANYACADEMIES.ORG X 1813 NY 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. 21 21 339 250 643384 -277185 979470 1538037 17949453 17626205 697903 1343889 184514 204588 19811340 20712719 4092028 3996649 0 0 10656890 10871424 0 0 591961 5206761 5216560 19955679 20084633 -144339 628086 50621169 51916554 10267650 10588591 40353519 41327963 X SEE SCHEDULE OTHE 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. 0 0 17051587 3996649 16982821 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. APPROXIMATELY 796 SERVED. 17051587 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 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 8 0 1 339 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 M CHRISTIAN BENDER 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 JOHN C HAYES 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 LESLIE MORGAN MARVIN TRUSTEE 1.00 X 0 0 0 DR 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 MONICA KASSELMAN-OBERTING 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 104108 0 4390 ANN WENDTH DIRECTOR OF INSTITUTIONAL 40.00 X 134250 0 6666 M SCOTT MILLIKEN AA ASSOCIATE HEAD OF SCHOOL 40.00 X 120647 0 17171 PAMELA MACAFFER CFO 40.00 X 117276 0 18294 DONNA JO RUGGIERO AA ASSOCIATE HEAD OF SCHOOL 40.00 X 115642 0 12300 DOUGLAS NORTH FORMER HEAD OF SCHOOL 40.00 X 229714 0 8270 821637 0 67091 6 1 1 0 SANO-RUBIN CONSTRUCTION SERVICES LLC 1105 CATALYN STREET SCHENECTADY NY 12209 CONSTRUCTION SERVICES 2181648 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 STUDENT FOOD SERVICE 770252 AUSTIN & COMPANY 20 CORPORATE WOODS BLVD ALBANY NY 12211 INSURANCE BROKER 301174 DURHAM SCHOOL SERVICES 1 INDUSTRY DRIVE WATERFORD NY 12188 TRANSPORTATION 269776 JANITRONICS BUILDING SERVICES 1988 CENTRAL AVE ALBANY NY 12212 CUSTODIAL SERVICES 152188 6 1538037 86593 1538037 TUITION 900099 16528215 16528215 AUXILIARY INCOME 900099 668015 24631 643384 OTHER SOURCE INCOME 900099 429975 429975 17626205 466856 466856 19231032 18353999 877033 877033 877033 270521 65933 204588 204588 20712719 16982821 643384 1548477 3996649 3996649 799488 284484 373291 141713 8327936 7126953 936269 264714 256714 217578 33416 5720 828523 697917 91801 38805 658763 536378 93337 29048 63575 63575 10198 10198 133475 22499 88956 22020 144568 83880 60688 372572 372572 23969 5726 5537 12706 235221 235221 970467 970467 210431 210431 CAFETERIA EXPENSE 725613 725613 CONTRACT SEVICES 518306 488450 22291 7565 PROFESSIONAL SERVICES 500086 132025 340928 27133 SUPPLIES 244637 208510 31223 4904 1063442 736234 289575 37633 20084633 17051587 2441085 591961 1033232 832969 617782 568229 104358 282569 39227334 23237275 13800971 15990059 25750692 24679651 9314134 9563077 50621169 51916554 1511233 2203170 1488603 1465489 6672086 6421165 595728 498767 10267650 10588591 X 10763399 12098142 10361243 9297659 19228877 19932162 40353519 41327963 50621169 51916554 X 628086 -84636 430994 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 26760155 412055 1338795 885223 27625782 25567417 394470 1670682 872414 26760155 24099999 261370 2055913 849865 25567417 24378797 361246 187460 827504 24099999 24474903 94862 575126 766094 24378797 0.10900 0.72150 0.16950 1 0 29531453 16924808 12606645 6786312 6312467 473845 2909569 2909569 15990059 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1914909 BENEFICIAL INTEREST IN PERPETUAL TRUST 7536796 OTHER ASSETS 111372 9563077 LIABILITY UNDER THE POOLED INCOME FUND 84078 POST RETIREMENT BENEFITS 404151 LIABILITY UNDER CHARITABLE REMAINDER TRUSTS 10538 498767 X 17080966 -84636 16180 496927 428471 16652495 63575 3996649 4060224 20712719 16106522 16180 65933 82113 16024409 63575 3996649 4060224 20084633 PART X, LINE 2: THE ACADEMIES IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE NEW YORK STATE LAW. THE ACADEMIES HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE THEIR TAX-EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMIES AND RECOGNIZE A TAX LIABILITY IF THE ACADEMIES HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMIES AND IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THE ACADEMIES TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 65,933. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 69,870. CHANGE IN VALUE OF PERPETUAL TRUST 291,230. CHANGE IN VALUE OF POOLED INCOME TRUST 69,894. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,996,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 65,933. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,996,649. 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 201867 201867 10293 23562 800 12742 LEGACY OF DREAMS-SPORTS FUNDRAISER 43295 43295 10000 2187 1 25359 25359 4870 1479 270521 270521 10293 38432 800 16408 65933 204588 1 SCHOLARSHIPS 437 3996649 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 X 1 1 X X 0 0 0 0 0 0 0 0 0 DOUGLAS NORTH FORMER HEAD OF SCHOOL 104000 0 35000 0 90714 0 5200 0 3070 0 237984 0 0 0 AUSTIN & COMPANY JAMES SIDFORD, BOARD MEMBER, IS A PRINCIPAL WITH AUSTIN & COMPANY 301174 INSURANCE BROKER USED BY THE ACADEMIES. 0 X 676 67619 FMV-NYSE X OTHER GOODS 10 18974 FMV-ESTIMATED 0 0 0 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 TRUSTS 69,870. CHANGE IN VALUE OF PERPETUAL TRUST 291,230. CHANGE IN VALUE OF POOLED INCOME FUND 69,894. 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.