2017-11-15T10:58:31-06:00 2017-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2016-07-01 141423161 ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES ALBA 5186947216 106 NEW SCOTLAND AVE ALBANY NY 12208 MICHELE VIEN VICE PRESIDENT OF FINANCE 5186947216 2017-11-14 1 XIAOQIANG ZHANG P01577994 5184493166 209.99.101.4 2017-11-14 13:55:18 ES P 649FCB73017E4F1B112C101E3CED6CD25E3D9B36 1C6084A65172385C4F5BEF4D195ED7B70841B98A 2016 2021-01-29 14:40:06Z MICHELE VIEN 106 NEW SCOTLAND AVE ALBANY NY 12208 69599965 0 X ACPHS.EDU X 1881 NY ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES IS DEDICATED TO EDUCATION, RESEARCH AND SERVICE IN THE HEALTH SCIENCES AND HEALTHCARE PROFESSIONS. 20 19 882 21 0 0 1115402 856141 55352384 55326388 1046186 1672388 819993 842547 58333965 58697464 11400105 11878157 0 0 25279042 25351228 0 0 1389652 19910194 20031217 56589341 57260602 1744624 1436862 126538210 131606935 38771153 37838912 87767057 93768023 X ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES IS DEDICATED TO EDUCATION, RESEARCH AND SERVICE IN THE HEALTH SCIENCES AND HEALTHCARE PROFESSIONS. 0 0 41706204 11834605 53805827 ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES EDUCATES STUDENTS FOR CAREERS IN HEALTH CARE AND THE LIFE SCIENCES INDUSTRY. THERE ARE APPROXIMATELY 1,400 STUDENTS ENROLLED AT THE COLLEGE AND 140 FULL- AND PART-TIME FACULTY. THE COLLEGE OFFERS A DOCTOR OF PHARMACY (PHARM.D.) PROGRAM AND FOUR-YEAR BACHELOR'S DEGREES IN BIOMEDICAL TECHNOLOGY, CLINICAL LABORATORY SCIENCES, MICROBIOLOGY, PHARMACEUTICAL SCIENCES, AND PUBLIC HEALTH. ACPHS ALSO HAS MASTER'S DEGREE PROGRAMS IN CLINICAL LABORATORY SCIENCES, CYTOTECHNOLOGY & MOLECULAR CYTOLOGY, HEALTH OUTCOMES AND INFORMATICS, MOLECULAR BIOSCIENCES, AND PHARMACEUTICAL SCIENCES. IN ADDITION, STUDENTS MAY PURSUE JOINT DEGREES IN THE FIELDS OF MEDICINE, LAW, AND BUSINESS THROUGH COOPERATIVE AGREEMENTS WITH AREA INSTITUTIONS.OPPORTUNITIES EXIST WITHIN EACH OF THESE PROGRAMS FOR STUDENTS TO WORK SIDE-BY-SIDE WITH FACULTY ON INNOVATIVE RESEARCH PROJECTS IN AREAS SPANNING THE BASIC SCIENCES, CLINICAL SCIENCES, AND POPULATION HEALTH SCIENCES.GRADUATES OF THE COLLEGE'S HEALTH SCIENCES PROGRAMS ARE PREPARED FOR A RANGE OF CAREERS IN THE BIOTECH, PHARMACEUTICAL, AND MEDICAL DIAGNOSTIC INDUSTRIES IN ADDITION TO OPPORTUNITIES IN GOVERNMENT AGENCIES AND NON-PROFIT ORGANIZATIONS. HEALTH SCIENCE GRADUATES ARE ALSO WELL POSITIONED TO CONTINUE THEIR EDUCATION IN GRADUATE PROGRAMS (MASTER'S OR PH.D.) AS WELL AS PROFESSIONAL PROGRAMS (E.G., MEDICINE AND PHYSICIAN ASSISTANT STUDIES). PHARMACY PROGRAM GRADUATES OFTEN PROGRESS INTO COMMUNITY PHARMACY, HOSPITAL PHARMACY, LONG-TERM CARE AND SPECIALTY PHARMACY, OR RELATED AREAS WHICH INCLUDE HEALTH CARE MANAGEMENT AND HEALTH CARE I.T.ACPHS ALSO HAS A CAMPUS IN COLCHESTER, VERMONT. THERE ARE APPROXIMATELY 160 FULL-TIME STUDENTS ENROLLED ON THE VERMONT CAMPUS. THE ACPHS-VERMONT CAMPUS OFFERS THE ONLY DOCTOR OF PHARMACY PROGRAM IN THE STATE. STUDENTS MAY ALSO PURSUE THE MASTER'S DEGREE IN PHARMACEUTICAL SCIENCES AT THE VERMONT CAMPUS. 3625720 43552 2292436 THE COLLEGE IS COMMITTED TO A BROAD RANGE OF RESEARCH ACTIVITIES FOCUSED ON TRANSLATING THE ADVANCES IN THE LIFE SCIENCES INTO NEW THERAPIES THAT BENEFIT HUMANKIND. THE COLLEGE IS HOME TO THE PHARMACEUTICAL RESEARCH INSTITUTE (PRI), A RESEARCH INSTITUTE DEDICATED TO THE DEVELOPMENT OF NANO-PHARMACEUTICAL AGENTS. AS PART OF ITS MISSION, PRI IS ALSO ENGAGED IN TEACHING AND LEARNING. PHARMACY STUDENTS, GRADUATE STUDENTS, AND VISITING SCHOLARS FROM AROUND THE WORLD VISIT THE INSTITUTE TO CONDUCT RESEARCH AND LEARN THE LATEST ADVANCES ACROSS A RANGE OF THERAPEUTIC AREAS. 45331924 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 165 0 1 882 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X MICHELE VIEN 5186947216 106 NEW SCOTLAND AVE ALBANY NY 12208 RAYMOND BLESER JR TRUSTEE 1.00 X 0 0 0 WALTER BORISENOK TRUSTEE 1.00 X 0 0 0 LEIGH BRISCOE-DWYER TRUSTEE 1.00 X 0 0 0 RICHARD DAFFNER TRUSTEE 1.00 X 0 0 0 THOMAS D'AMBRA TRUSTEE 1.00 X 0 0 0 PAUL DEROHANESSIAN TRUSTEE 1.00 X 0 0 0 JAMES DERING TRUSTEE 1.00 X 0 0 0 CHRISTOPER DILASCIA TRUSTEE 1.00 X 0 0 0 MICHAEL DUTEAU TRUSTEE 1.00 X 0 0 0 GENO GERMANO JR TRUSTEE 1.00 X 0 0 0 ROCCO GIRUZZI JR TRUSTEE 1.00 X 0 0 0 SUSAN LEARNED TRUSTEE 1.00 X 0 0 0 JAMES NOTARO TRUSTEE 1.00 X 0 0 0 DAVID STACK TRUSTEE 1.00 X 0 0 0 SCOTT TERRILLION TRUSTEE 1.00 X 0 0 0 PAMELA WILLIAMSON TRUSTEE 1.00 X 0 0 0 HERBERT CHORBAJIAN CHAIR (THROUGH OCT 2016) 1.00 X X 0 0 0 MARION MORTON CHAIR (FROM NOV 2016) 1.00 X X 0 0 0 MATTHEW BETTE VICE CHAIR 1.00 X X 0 0 0 CHRISTOPER MITIGUY TREASURER 1.00 X X 0 0 0 KANDYCE DALEY SECRETARY 1.00 X X 0 0 0 THOMAS DEWEY PRESIDENT 40.00 X 415068 0 44894 MICHELE VIEN VICE PRESIDENT OF FINANCE 40.00 X 160323 0 38075 TARUN PATEL PROVOST 40.00 X 311693 0 44519 SHAKER MOUSA VICE PROVOST OF RESEARCH 40.00 X 302004 0 50267 ROBERT HAMILTON DEAN AND PROFESSOR 40.00 X 198318 0 36162 ANGELA DOMINELLI ASSOCIATE PROFESSOR 40.00 X 194790 0 36292 VICKI DILORENZO VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT 40.00 X 174327 0 26508 THOMAS LODISE PROFESSOR 40.00 X 150384 0 31353 1906907 0 308070 40 0 1 0 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERIVCES 2081131 BETTE & CRING LLC 26 CENTURY HILL DR SUITE 101 LATHAM NY 12211 RENOVATIONS/CONSTRUCTION 1056417 UNIVERSITY HEIGHTS 130 NEW SCOTLAND AVE ALBANY NY 12208 SECURITY 775669 160OVER90 510 WALNUT ST 19TH FLOOR PHILADELPHIA PA 19106 MARKETING 770637 MID-STATE INDUSTRIES 1105 CATALYN ST SCHENECTADY NY 12303 RENOVATIONS/CONSTRUCTION 244623 15 41312 814829 52947 856141 EDUCATION 611600 53033952 53033952 RESEARCH 611600 2292436 2292436 55326388 1161862 1161862 87782 1518 86264 86264 86264 11366105 10855579 510526 510526 510526 29812 41312 45404 -15592 -15592 OTHER INCOME 900099 771875 771875 771875 58697464 56098263 0 1743060 43552 43552 11834605 11834605 1034831 1034831 18648630 14167305 3843169 638156 1756879 1263933 422749 70197 2556868 2124289 357953 74626 1354020 980787 329054 44179 53409 53409 82992 82992 50413 50413 160695 160695 1588340 1148357 423186 16797 234788 164341 44966 25481 1462049 1108067 304487 49495 703318 234222 469096 3467096 2505357 847799 113940 434559 309331 56514 68714 16455 9171 7284 717145 518216 175361 23568 4906366 3545388 1199740 161238 383781 193642 190139 FOOD SERVICE OPERATIONS 2048719 2048719 LEASES 1469069 1469069 BOOKS/PERIODICALS/AV 387769 387769 STUDENT RECRUITMENT 264341 264341 1599913 1011463 485189 103261 57260602 45331924 10539026 1389652 26822346 26405871 2229286 1778299 633461 715209 2885678 2930359 637562 601859 102820892 58289346 45621641 44531546 45201552 52097232 488362 492761 2018322 2053799 126538210 131606935 2013735 2084713 2367539 2331943 7203328 7374462 23456428 22550934 3730123 3496860 38771153 37838912 X 74439659 79828874 4939168 5400042 8388230 8539107 87767057 93768023 126538210 131606935 X 1436862 4361457 -28957 231604 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 50413 50413 0 PART II-B, LINE 1: THE COLLEGE HAS RETAINED REID MCNALLY & SAVAGE, LLC FOR CONTINUED LEGISLATIVE AND GOVERNMENTAL RELATIONS, AND FOR REPRESENTATION BEFORE THE U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE AND EXECUTIVE BRANCH. THEY ALSO REPRESENT THE COLLEGE BEFORE THE NEW YORK STATE LEGILSATURE, EXECUTIVE BRANCH AND VARIOUS REGULATORY AGENCIES ON MATTERS OF INTEREST TO THE COLLEGE. 41288529 150573 5166673 188700 46417075 40499118 164938 769773 145300 41288529 38615529 281020 1602569 40499118 23298363 10262258 5054908 38615529 21258400 195205 1844758 23298363 0.74600 0.18320 0.07080 0 0 6413706 6413706 61274728 30142255 31132473 5030336 2844370 2185966 19688965 18331159 1357806 10413157 6971562 3441595 44531546 POST RETIREMENT HEALTH CARE BENEFIT OBLIGATION 2202130 DEPOSIT HELD IN CUSTODY FOR OTHERS 362555 LEASE OBLIGATIONS 869281 DEFERRED COMPENSATION LIABILITY 62894 3496860 X 46227899 7609 92587 100196 46127703 12569761 12569761 58697464 46311824 36566 92587 129153 46182671 11077931 11077931 57260602 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: THE COLLEGE'S POLICY FOR DISTRIBUTING ENDOWMENT FUND EARNINGS IS TO SUPPORT ITS VARIOUS PROGRAMS AND MAINTENANCE OF FACILITIES. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE DECIDED BY THE BOARD OF TRUSTEES TO SUPPLEMENT THE COLLEGE'S ANNUAL OPERATING BUDGET. THE COLLEGE EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A RATE THAT EXCEEDS THE RATE OF INFLATION. THE COLLEGE'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. THE COLLEGE HAS A SPENDING POLICY OF 4% PER ANNUM, BASED ON AN HISTORICAL FIVE-YEAR MOVING AVERAGE OF THE DONOR-RESTRICTED ENDOWMENT FUND MARKET VALUE ON JUNE 30. NO DISTRIBUTIONS WILL BE MADE WHICH RESULT IN THE MARKET VALUE OF THE DONOR RESTRICTED ENDOWMENT TO FALL BELOW THE ORIGINAL CORPUS. IN ADDITION, THE BOARD OF TRUSTEES HAS DETERMINED THAT NO FUNDS WILL BE WITHDRAWN FROM THE PLANT CAPITAL PORTION, BOARD-DESIGNATED ENDOWMENT. PART X, LINE 2: FIN 48 (ASC 740) TEXT OF FINANCIAL STATEMENTS FOOTNOTE REGARDING UNCERTAIN TAX POSITIONS: THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE COLLEGE HAS BEEN CLASSIFIED AS A PUBLICLY-SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COLLEGE FILES A FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITIONS TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THERE ARE NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND 2016. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL RETURNS THAT ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SEOG INSTRUCTIONAL CONTRIBUTION 45,665. FUNDRAISING EVENTS EXPENSES 45,404. RENT EXPENSES NETTED AGAINS RENT INCOME 1,518. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 10,917,236. GAIN/LOSS ON SALE OF SEC AND INTEREST INCOME 1,652,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES 45,404. SEOG INSTRUCTIONAL CONTRIBUTION 45,665. RENT EXPENSES NETTED AGAINS RENT INCOME 1,518. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 10,917,236. INVESTMENT FEES 160,695. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ACPHS ANNUALLY PUBLISHES IN THE TIMES UNION, A NEWSPAPER SERVING THE CAPITAL DISTRICT OF NEW YORK STATE, A STATEMENT TO THE EFFECT THAT IT ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL, AND THAT THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN ADMINSTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSITANCE FROM THE GOVERNMENT FOR BOTH RESEARCH AND DEVELOPMENT AS WELL AS SUPPORTING FINANCIAL AID. SCHEDULE E, PART I, LINE 2 NONDISCRIMINATION POLICY DISCLOSURE: THE COLLEGE ALSO PROMINENTLY PUBLISHES ON ITS WEB PAGE AND IN ALL PRINTED CATALOGS THE FOLLOWING NOTICE: ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, SEXUAL PREFERENCE, AGE, RELIGION, CREED, NATIONAL ORIGIN, MARITAL STATUS, VIETNAM-ERA VETERAN STATUS, DISABLED VETERAN STATUS OR DISABILITY IN ITS PROGRAMS AND ACTIVITIES. THE COLLEGE'S POLICY OF NONDISCRIMINATION EXTENDS TO ALL AREAS OF COLLEGE OPERATIONS, INCLUDING BUT NOT LIMITED TO ADMISSIONS, STUDENT AND ATHLETICS, AND EMPLOYMENT AND EDUCATIONAL PROGRAMS. ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED TO ALL FULL-TIME MATRICULATED STUDENTS OF THE COLLEGE ARE ACCORDED ON A NONDISCRIMINATORY BASIS. ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES IS AN EQUAL OPPORTUNITY EMPLOYER THAT CONFORMS TO THE REGULATIONS AND POLICIES OF AFFIRMATIVE ACTION AND OF TITLE IX. THE DEAN OF STUDENTS IS THE TITLE IX OFFICER OF THE COLLEGE. EMPLOYEE INQUIRIES ARE HANDLED BY THE EXECUTIVE DIRECTOR OF HUMAN RESOURCES. PRESIDENT'S CUP GOLF TOURNAMENT 48020 31562 16458 3917 13240 3218 1925 FONSMZ GOLF TOURNAMENT 23104 9750 13354 9750 7469 5885 71124 41312 29812 13667 20709 9103 1925 45404 -15592 1 THE REGENTS OF THE UNIVERSITY OF MICHIGAN PO BOX 1248 ANN ARBOR MI 481061248 386006309 501(C)(3) 43552 THE SUB AWARD WITH THE REGENTS OF THE UNIVERSITY OF MICHIGAN IS UNDER A FEDERAL GRANT ISSUED BY THE FDA FOR A COMMUNITY BASED STUDY OF ADVERSE EFFECTS OF NSAIDS ON THE KIDNEY AND RISK MITIGATION TO REDUCE PREVENTABLE HARM. 1 0 SCHOLARSHIPS AND FINANCIAL AID FOR STUDENTS ATTENDING THE COLLEGE. 2325 11815839 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: USE OF GRANT FUNDING MUST COMPLY WITH THE INSTITUTION'S PURCHASING POLICY AND FEDERAL GUIDELINES. PRIMARY INVESTIGATORS ARE ULTIMATELY RESPONSIBLE FOR THE USE OF THOSE FUNDS UNDER THE REVIEW OF THE CONTRACT AND GRANTS ACCOUNTING MANAGER THAT MONITORS THEIR COMPLIANCE. IN ADDITION, THE COLLEGE IS SUBJECT TO AN ANNUAL AUDIT (UNIFORM GUIDANCE) ENSURING AN OUTSIDE OPINION ON THE INSTITUTION'S POLICIES AND PROCEDURES. X 1 1 X X 0 0 0 0 0 0 0 0 0 THOMAS DEWEY PRESIDENT 412143 0 0 0 2925 0 29150 0 15744 0 459962 0 0 0 MICHELE VIEN VICE PRESIDENT OF FINANCE 160323 0 0 0 0 0 18738 0 19337 0 198398 0 0 0 TARUN PATEL PROVOST 311693 0 0 0 0 0 29150 0 15369 0 356212 0 0 0 SHAKER MOUSA VICE PROVOST OF RESEARCH 302004 0 0 0 0 0 29150 0 21117 0 352271 0 0 0 ROBERT HAMILTON DEAN AND PROFESSOR 198318 0 0 0 0 0 21923 0 14239 0 234480 0 0 0 ANGELA DOMINELLI ASSOCIATE PROFESSOR 194790 0 0 0 0 0 21614 0 14678 0 231082 0 0 0 VICKI DILORENZO VICE PRESIDENT OF INSTITUTIONAL ADVA 174327 0 0 0 0 0 19083 0 7425 0 200835 0 0 0 THOMAS LODISE PROFESSOR 150384 0 0 0 0 0 16964 0 14389 0 181737 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES THE PRESIDENT MEMBERSHIP IN ONE CLUB WHICH ENABLES THE PRESIDNET TO HAVE OFF-CAMPUS MEETINGS, INCLUDING LUNCH AND DINNER MEETINGS WHERE APPROPRIATE, OR TO HOST OTHER COLLEGE RELATED EVENTS. THE FUNDS PROVIDED BY THE COLLEGE DO NOT PROVIDE ANY PERSONAL BENEFIT TO THE PRESIDENT AND THE USE OF THE CLUB IS SUBSTANTIALLY RESTRICTED TO COLLEGE RELATED MATTERS. THE PRESIDENT IS REQUIRED TO PAY FOR ANY INCIDENTAL PERSONAL USE FOR NON-COLLEGE RELATED ACTIVITIES. PART I, LINE 3 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S SALARY AT TIME OF CONTRACT RENEWAL AND COMPARES THE PRESIDENT'S SALARY TO THE SALARIES OF PRESIDENTS AT SIMILARLY SITUATED INSTITUTIONS. ALL SALARY RECOMMENDATIONS EXIST AS PART OF THE BUDGET AND ARE AVAILABLE FOR REVIEW BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES AND THE BUDGET IS ULTIMATELY ADOPTED BY THE BOARD OF TRUSTEES. A CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432BW9 2014-10-23 17804994 REFINANCING OF THE 2004A BONDS 0 0 0 B CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 2014-10-23 7330000 REFINANCING OF THE 2008A BOND 0 0 0 A 1080000 17804994 321122 17483872 2014 1 0 1 1 B 855000 7330000 146600 7183400 2014 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 GIL CHORBAJIAN SON OF TRUSTEE 132867 EMPLOYED AS THE DIRECTOR OF MARKETING 0 BETTE & CRING CONSTRUCTION TRUSTEE MR. BETTE HAS OWNERSHIP INTEREST 1056417 RENOVATIONS TO BUILDINGS 0 X 4 22710 FAIR MARKET VALUE X FUNDRAISING PRIZES FOR RAFFLES 3 11087 FAIR MARKET VALUE X PIONEER RX HARDWARE AND SOFTWARE 1 9980 FAIR MARKET VALUE X SPORTS EQUIPMENT 1 6200 FAIR MARKET VALUE X LAB EQUIPMENT 2 2970 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B ANNUAL FORM 990 REVIEW PROCESS: THE PROCESS INCLUDES A DETAILED REVIEW AND APPROVAL BY BOTH THE AUDIT AND FINANCE COMMITTEES. THE FORM 990 IS THEN FORWARDED TO THE FULL BOARD FOR ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: THE CONFLICT OF INTEREST POLICY REQUIRES THAT ALL TRUSTEES AND THE PRESIDENT DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. AT LEAST ANNUALLY, EACH TRUSTEE AND THE PRESIDENT SHALL COMPLETE A DISCLOSURE FORM AND FILE THE SAME WITH THE SECRETARY OF THE BOARD. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. ALL KEY EMPLOYEES SHALL DISCLOSE TO THE PRESIDENT ANY POSSIBLE CONFLICT OF INTEREST AT THE EALIEST PRACTICABLE TIME. AT LEAST ANNUALLY EACH KEY EMPLOYEE SHALL COMPLETE A DISCLOSURE FORM AND FILE THE SAME WITH THE PRESIDENT. THE PRESIDENT SHALL, IN THE PRESIDENT'S DISCRETION, TAKE SUCH ACTIONS AS APPROPRIATE TO PREVENT SUCH CONFLICTS OF INTEREST AFFECTING THE COURSE AND DETERMINATION OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 15 OFFICERS' COMPENSATION PROCEDURE: THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S SALARY AT TIME OF CONTRACT RENEWAL AND COMPARES THE PRESIDENT'S SALARY TO THE SALARIES OF PRESIDENTS AT SIMILARLY SITUATED INSTITUTIONS. ALL SALARY RECOMMENDATIONS EXIST AS PART OF THE BUDGET AND ARE AVAILABLE FOR REVIEW BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES AND THE BUDGET IS ULTIMATELY ADOPTED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS: THE COLLEGE MAKES THESE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: APPLICATION OF FAS 158 (INCREMENTAL EFFECT) 231,604.