2014-05-06T14:38:13-05:00 2013-06-30 464001827 SAXBST LLP 26 COMPUTER DRIVE WEST ALBANY NY 12205 990 2012-07-01 141423161 ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES ALBA 5186947216 106 NEW SCOTLAND AVE ALBANY NY 122083492 JAMES GOZZO 5186947216 2014-04-22 1 KEVIN MCGRATH P00134182 5184596700 2012 2015-11-30 17:44:51Z JAMES GOZZO 106 NEW SCOTLAND AVE ALBANY NY 122083492 67015994 0 X WWW.ACPHS.EDU X 1881 NY ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES IS COMMITTED TO GRADUATING THE BEST HEALTH CARE MINDS IN THE WORLD. 20 18 946 0 0 0 1475719 1226030 53450021 55789713 695128 998723 819509 940273 56440377 58954739 6656195 8024936 0 0 24494590 26342309 0 0 1399798 19106971 19494109 50257756 53861354 6182621 5093385 110490375 116900459 43586160 43679308 66904215 73221151 X THE COLLEGE WILL CONTINUE ITS STRONG ADVOCACY FOR LIFELONG INTELLECTUAL AND PROFESSIONAL GROWTH BY PROVIDING A STRONG FOUNDATION IN THE BASIC, PHARMACEUTICAL, CLINICAL AND SOCIAL SCIENCES WITH IN A CULTURE THAT PROMOTES INNOVATION, SERVICE AND EXCELLENCE AMONG OUR STUDENTS, FACULTY, STAFF AND ALUMNI. 0 0 36949104 8024936 53142771 EDUCATIONALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES OFFERS AN ARRAY OF DEGREE PROGRAMS DESIGNED FOR STUDENTS FOCUSED ON HELPING PEOPLE LIVE HEALTHIER LIVES. THERE ARE MORE THAN 1,600 STUDENTS ENROLLED AT THE COLLEGE AND APPROXIMATELY 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, CHEMISTRY, CLINICAL LABORATORY SCIENCES, HEALTH AND HUMAN SCIENCES, MICROBIOLOGY, AND PHARMACEUTICAL SCIENCES. ACPHS ALSO HAS MASTER'S DEGREE PROGRAMS IN BIOTECHNOLOGY, CLINICAL LABORATORY SCIENCES, CYTOTECHNOLOGY & MOLECULAR CYTOLOGY, HEALTH OUTCOMES RESEARCH, 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 FOR STUDENTS WITHIN EACH OF THESE PROGRAMS TO WORK SIDE-BY-SIDE WITH FACULTY ON INNOVATIVE RESEARCH PROJECTS IN AREAS RELATED TO CANCER, INFECTIOUS DISEASE, AND HEART DISEASE. THESE EXPERIENCES ARE NOT TYPICALLY AFFORDED TO UNDERGRADUATES AT MOST SCHOOLS AND ARE PART OF WHAT DISTINGUISHES ACPHS FROM OTHER COLLEGES AND UNIVERSITIES.GRADUATES OF THE COLLEGE ARE PREPARED FOR A RANGE OF CAREERS SUCH AS: BIOCHEMIST, CLINICAL LABORATORY SCIENTIST, CONSUMER SAFETY OFFICER, DRUG INFORMATION SPECIALIST, ENVIRONMENTAL TOXICOLOGIST, HEALTH POLICY ANALYST, HOSPITAL ADMINISTRATOR, PHARMACIST, PHYSICIAN, PHYSICIAN ASSISTANT, AND RESEARCH SCIENTIST.ACPHS HAS A SATELLITE CAMPUS IN COLCHESTER, VERMONT. THERE ARE APPROXIMATELY 240 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. 3869797 2646942 RESEARCHTHE RESEARCH TAKING PLACE ACROSS THE DEPARTMENTS AND SCHOOLS AT ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES IS HELPING ADDRESS SEVERAL OF THE WORLD'S MOST PRESSING HEALTH THREATS. FACULTY OF THE COLLEGE ARE ENGAGED IN A WIDE RANGE OF RESEARCH PROJECTS, INCLUDING: STUDYING BIODEFENSE STRATEGIES TO THWART POTENTIAL ANTHRAX ATTACKS OR DEPLOYMENT OF THE FRANCISELLA BACTERIA; EXPLORING THE IMPACT OF PARENTAL RESOURCES ON CHILDREN'S HEALTH; DEVELOPING CHEMICAL COMPOUNDS FOR LIMITING THE HARMFUL EFFECTS OF THE SUN; AND WORKING ON NUMEROUS PROJECTS RELATED TO THE PREVENTION, DETECTION, AND TREATMENT OF CANCER.COMPLEMENTING THESE EFFORTS IS THE COLLEGES PHARMACEUTICAL RESEARCH INSTITUTE (PRI), A CENTER FOR DRUG DISCOVERY AND DEVELOPMENT THAT WAS FOUNDED IN 2003, AND IS LED BY VICE PROVOST FOR RESEARCH SHAKER MOUSA. PRI INVESTIGATORS POSSESS EXPERTISE IN FIELDS SUCH AS NANOTECHNOLOGY, MEDICINAL CHEMISTRY, MOLECULAR BIOLOGY, AND CELL BIOLOGY. PRI ALSO OFFERS A RANGE OF RESEARCH OPPORTUNITIES AND RESOURCES FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS OF THE COLLEGE. ACPHS IS HOME TO FIVE NEPHROLOGY-TRAINED CLINICAL PHARMACY SCIENTISTS, THE LARGEST GROUP OF ACADEMIC-BASED PHARMACY PRACTICE FACULTY IN THE U.S. THEIR COLLECTIVE EXPERTISE ALLOWS FOR PROJECTS ALONG THE ENTIRE CONTINUUM OF CLINICAL AND TRANSLATIONAL RESEARCH, INCLUDING THE APPLICATION OF FINDINGS FOR THE IMPROVEMENT OF CARE FOR PATIENTS SUFFERING FROM KIDNEY DISEASE. 85392 COMMUNITY SERVICEALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES BELIEVES THAT AN INSTITUTION OF HIGHER LEARNING HAS A RESPONSIBILITY TO THE COMMUNITIES OUTSIDE ITS CAMPUS BORDERS. THE COLLEGE WORKS WITH A NUMBER OF SCHOOL, COMMUNITY, AND YOUTH ORGANIZATIONS THROUGH THE FOLLOWING PROGRAMS AND EVENTS:ACPHS ACADEMY IS AN AFTERSCHOOL ENRICHMENT PROGRAM THAT PROMOTES STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH) EDUCATION FOR AT-RISK STUDENTS IN ALBANY ELEMENTARY AND MIDDLE SCHOOLS. THE PROGRAM SEEKS TO INSTILL GOOD STUDY HABITS, INCREASE CONFIDENCE AND SELF-RESPECT, AND ULTIMATELY HELP STUDENTS REALIZE THAT COLLEGE CAN BE PART OF THEIR FUTURES. AS OF FALL 2013, THERE WERE 110 STUDENTS SPANNING GRADES 3-8 ENROLLED IN THE PROGRAM.THE SUMMER ENRICHMENT PROGRAM, WHICH RUNS FOR SIX WEEKS EACH SUMMER, IS FOR AREA HIGH SCHOOL STUDENTS WHO DEMONSTRATE INTEREST IN A CAREER IN THE SCIENCES. EACH WEEK OF THE PROGRAM CONSISTS OF THREE DAYS OF RESEARCH WITH AN ACPHS FACULTY MEMBER, ONE DAY OF INSTRUCTIONAL ACTIVITIES, AND ONE DAY TO TOUR REGIONAL PHARMACEUTICAL COMPANIES. RELAY FOR LIFE, A FUNDRAISER FOR THE AMERICAN CANCER SOCIETY, BRINGS TOGETHER HUNDREDS OF PARTICIPANTS FROM THE COLLEGE AND LOCAL COMMUNITY TO RAISE MONEY FOR CANCER. THE COLLEGE CONSISTENTLY FINISHES AMONG THE TOP FUNDRAISING SCHOOLS IN THE COUNTRY AMONG THOSE WITH COMPARABLE ENROLLMENTS. THE COLLEGE'S ANNUAL HEALTH AND WELLNESS EXPO PROVIDES FLU SHOTS, HEALTH SCREENINGS, AND INFORMATION ON SUBJECTS SUCH AS HIGH BLOOD PRESSURE, HEART DISEASE, CANCER, AND DIABETES. THE EXPO INCLUDES A MEDICATION TAKEBACK EVENT, PROVIDING AREA RESIDENTS WITH A SAFE, COST-FREE OPPORTUNITY TO DISPOSE OF THEIR EXPIRED OR UNUSED MEDICATIONS.ACPHS STUDENTS AND FACULTY CONTRIBUTE TO THE COMMUNITY IN A VARIETY OF OTHER WAYS, INCLUDING VOLUNTEER WORK AND SUPPORT FOR THE AMERICAN RED CROSS, BOYS AND GIRLS CLUBS, GREAT AMERICAN SMOKEOUT, MAKE A WISH FOUNDATION, MARCH OF DIMES, MEALS ON WHEELS, NATIONAL KIDNEY FOUNDATION, RONALD MCDONALD HOUSE, ST. JUDE CHILDREN'S HOSPITAL, TOYS FOR TOTS, AND MANY MORE. 977290 NET RENTAL INCOME: EXPENSES, $0. INCLUDING GRANTS OF $0. REVENUE $75,321.OTHER INCOME: EXPENSES, $0. INCLUDING GRANTS OF $0. REVENUE $901,969. 977290 40904293 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 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 135 0 1 946 1 0 0 0 0 0 1 1 0 0 0 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X X MICHELE VIEN 5186947216 106 NEW SCOTLAND AVENUE ALBANY NY 12208 GENO J GERMANO 1.00 X 0 0 0 STEPHEN C AINLAY 1.00 X 0 0 0 MATTHEW BETTE 1.00 X 0 0 0 RAYMOND BLESER 1.00 X 0 0 0 WALTER S BORISENOK 1.00 X 0 0 0 RICHARD H DAFFNER 1.00 X 0 0 0 J GORDON DAILEY 1.00 X 0 0 0 JOSEPH M LAPETINA 1.00 X 0 0 0 FRANCIS J DILASCIA 1.00 X 0 0 0 MARION T MORTON 1.00 X 0 0 0 ROCCO F GIRUZZI JR 1.00 X 0 0 0 LEE S SHAPIRO 1.00 X 0 0 0 HUGH A JOHNSON 1.00 X 0 0 0 JEANNETTE S LAMB 1.00 X 0 0 0 SCOTT M TERRILION 1.00 X 0 0 0 HERBERT G CHORBAJIAN 1.00 X 0 0 0 BRIDGET-ANN HART 1.00 X 0 0 0 FOUAD MORKOS 1.00 X 0 0 0 KANDYCE DALEY 1.00 X 0 0 0 CHRISTOPHER MITIGUY 1.00 X 0 0 0 JAMES GOZZO 40.00 X 451763 0 27500 SHAKER MOUSA 40.00 X 397782 0 27500 MEHDI BOROUJERDI 0.00 X 246350 0 27286 GERALD KATZMAN 40.00 X 175064 0 19054 STEFAN BALAZ 40.00 X 172852 0 19808 ROBERT HAMILTON 40.00 X 172419 0 19198 ROBERT DICENZO 40.00 X 161720 0 18518 1777950 0 158864 38 1 1 0 CHARTWELLS 91337 COLLECTION CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE 2189153 SHAKER FLATS LANDSCAPING INC 1746 US ROUTE 20 WEST LEBANAON NY 12195 LANDSCAPING/CONSTRUCTION 2006585 BETTE & CRING 26 CENTURY HILL DRIVE LATHAM NY 12110 CONSTRUCTION 918521 UNIVERSITY HEIGHTS ASSOCIATION 84 HOLLAND AVENUE ALBANY NY 12208 SECURITY 792011 COLONIE MECHANICAL CONTRACTORS INC 17 RAILROAD AVENUE ALBANY NY 12205 CONSTRUCTION 427150 25 55056 1170974 26578 1226030 EDUCATION 611600 53142771 53142771 RESEARCH 611600 2646942 2646942 55789713 649087 649087 78396 3075 75321 75321 75321 8280278 58632 7933645 55629 346633 3003 349636 349636 31889 55056 68906 -37017 -37017 OTHER INCOME 900099 901969 901969 901969 58954739 56767003 0 961706 8024936 8024936 451763 451763 19941215 14104125 5165460 671630 1964108 1272334 617895 73879 2425159 1958687 395499 70973 1560064 1078966 429718 51380 126652 126652 72625 72625 56053 56053 263079 140818 105405 16856 1606785 1131310 420166 55309 445739 445739 3475638 2835304 572534 67800 408101 286767 53098 68236 444519 183677 166502 94340 663860 469272 171618 22970 5534978 3911799 1430590 192589 343993 151700 192293 COST OF OPERATIONS - CA 2157615 2157615 LEASES 1414001 1414001 GENERAL EXPENSES 688370 553215 135155 BOOKS/PERIODICALS/AV 379220 379220 1412881 850547 548498 13836 53861354 40904293 11557263 1399798 21912988 27121055 2194761 1957501 650432 691841 2749290 2562814 335041 564081 91867694 37883825 55310497 53983869 21310084 24959437 656111 475856 5371171 4584005 110490375 116900459 1439994 2623425 2236208 2287993 9553209 9026864 26858760 26472016 3497989 3269010 43586160 43679308 X 57769470 63511754 1653021 2032185 7481724 7677212 66904215 73221151 110490375 116900459 X 5093385 1115147 232 108172 X 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 66339 66339 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE COLLEGE HAS RETAINED W.O.H. GOVERNMENT SOLUTIONS, LLC FOR CONTINUED LEGISLATIVE AND GOVERNMENT RELATIONS, REPRESENTATION BEFORE THE U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE AND EXECUTIVE BRANCH CONCERNING ALL RELEVANT LEGISLATIVE PROPOSALS AND PROPOSED REGULATIONS THAT AFFECT THE COLLEGE. THEY ALSO REPRESENT THE COLLEGE BEFORE THE NEW YORK STATE LEGISLATURE, EXECUTIVE BRANCH AND VARIOUS REGULATORY AGENCIES ON MATTERS OF INTEREST TO THE COLLEGE. 21258400 195205 1844759 23298363 17033621 3530596 694183 21258400 10036362 5275538 1721723 17033621 8558559 1016104 466575 4876 10036362 10461393 104027 -1923961 82900 8558559 0.65000 0.35000 0 0 6413706 6413706 54038656 17969692 36068964 4411247 1452746 2958501 17726802 14457295 3269507 9277283 4004092 5273191 53983869 POSTRETIREMENT HEALTH CARE BENEFITS 1641070 OBLIGATION UNDER INTEREST RATE SWAP 243227 DEPOSITS HELD IN CUSTODY FOR OTHERS 323184 LEASE OBLIGATIONS 962042 DEFERRED COMPENSATION LIABILITY 93416 GIFT ANNUITY 6071 3269010 X 50847163 232 203943 204175 50642988 8311751 8311751 58954739 46666031 115341 115341 46550690 7310664 7310664 53861354 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S POLICY FOR DISTRIBUTING ENDOWMENT FUND EARNINGS IS BASED ON THE NEED TO SUPPORT ITS VARIOUS PROGRAMS AND MAINTENANCE OF FACILITIES. WHETHER ANY DISTRIBUTIONS ARE MADE FROM ENDOWMENT FUNDS IS DECIDED ANNUALLY BY THE BOARD OF TRUSTEES IN CONJUNCTION WITH THE COLLEGE'S ANNUAL OPERATING BUDGET. ACCORDINGLY, OVER THE LONG TERM, THE COLLEGE EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A RATE THAT EXCEEDS THE RATE OF INFLATION. THIS IS CONSISTENT WITH THE COLLEGE'S OBJECTIVE 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 CURRENT INVESTMENT POLICY HAS A SPENDING POLICY OF 4% PER ANNUM, BASED ON AN HISTORICAL THREE-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 FUND WILL BE WITHDRAWN FROM THE BOARD-DESIGNATED ENDOWMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 ORGANIZATION 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 POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2013 AND 2012. FORMS 990 FILED BY THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 FILED BY THE COLLEGE ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED JUNE 30, 2009, AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,075. FUNDRAISING EXPENSES 68,906. SEOG MATCHING CONTRIBUTION 43,361. INVESTMENT EXPENSES 88,601. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID REPORTED NET OF TUITION 7,310,664. INTEREST INCOME 654,454. GAIN ON SALE OF SECURITIES 346,633. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL INCOME 3,074. FUNDRAISING EXPENSES 68,906. SEOG MATCHING CONTRIBUTION 43,361. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID REPORTED NET OF TUITION 7,310,664. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM THE GOVERNMENT FOR BOTH RESEARCH AND DEVELOPMENT AS WELL AS SUPPORTING FINANCIAL AID. FORM 990, SCHEDULE E, PART II 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 AID, ATHLETICS, 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 FOLLOWING PERSON HAS BEEN DESIGNATED TO HANDLE INQUIRIES REGARDING THE NONDISCRIMINATION POLICIES: GERALD H. KATZMAN, ESQ., GENERAL COUNSEL, ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES, 106 NEW SCOTLAND AVE., ALBANY, NY 12208-3492; (518) 694-7298; FAX: (518) 694-7341; GERALD.KATZMAN@ACPHS.EDU. GOLF: PRESIDENT'S CUP 62184 43993 18191 14488 15660 640 15534 GOLF: FONSMZ 24761 11063 13698 6342 7018 5715 3509 86945 55056 31889 20830 22678 6355 19043 68906 -37017 1 SCHOLARSHIPS AND STUDENT FINANCIAL AID FOR STUDENTS ATTENDING THE ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES. 2076 8024936 X 1 1 X 0 0 0 0 0 0 0 0 0 JAMES GOZZO 451763 0 0 0 0 0 27500 0 0 0 479263 0 0 0 SHAKER MOUSA 397782 0 0 0 0 0 27500 0 0 0 425282 0 0 0 MEHDI BOROUJERDI 246350 0 0 0 0 0 27286 0 0 0 273636 0 0 0 GERALD KATZMAN 175064 0 0 0 0 0 19054 0 0 0 194118 0 0 0 STEFAN BALAZ 172852 0 0 0 0 0 19808 0 0 0 192660 0 0 0 ROBERT HAMILTON 172419 0 0 0 0 0 19198 0 0 0 191617 0 0 0 ROBERT DICENZO 161720 0 0 0 0 0 18518 0 0 0 180238 0 0 0 SUPPLEMENTAL INFORMATION PART III THE COLLEGE ALSO PROVIDES THE PRESIDENT MEMBERSHIP IN A CLUB WHICH ENABLES THE PRESIDENT 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 BENEFITS 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. A CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY 522015750 012126AN8 2004-12-14 14352330 DEFEASE 1999B BOND; CONSTRUCTION OF STUDENT CENTER 0 0 0 B CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY 522015750 012440GU1 2004-12-14 8000000 DEFEASE 2000A BONDS; CONSTRUCTION OF STUDENT CENTER 0 0 0 C CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY 522015750 012440LG6 2008-01-25 7330000 PAY DOWN LINE OF CREDIT; PURCHASE 84 HOLLAND AVE 0 0 0 A 2302330 14352330 1155041 6164697 251713 6612285 168694 2006 1 0 1 1 B 1160000 8000000 2915000 130997 109667 4743301 101065 2006 0 1 1 1 C 7330000 145263 62801 7094449 27487 2006 0 0 1 1 A 0 0 0 1 0 0 0 0 B 0 0 0 1 0 0 0 0 C 0 0 0 1 0 0 0 0 A 0 0 0 0 0 0 TD BANKNORTH 0 0 0 0 0 B 0 0 0 0 1 1 TD BANKNORTH 85.000000000000 0 0 0 0 0 C 0 0 1 0 1 1 TD BANKNORTH 5.000000000000 0 0 0 0 0 GIL CHORBAJIAN SON OF BOARD OF TRUSTEES MEMBER 102686 EMPLOYED AS DIRECTOR OF MARKETING AND COMMUNICATIONS 0 MATTHEW BETTE BOARD OF TRUSTEE - OWNER 918521 RENOVATIONS OF BUILDINGS 0 X 12 139978 FAIR MARKET VALUE X PRINTER/SCANNER 1 120 FAIR MARKET VALUE X LAB SUPPLIES 1 109 FAIR MARKET VALUE X SERVICES 1 232 FAIR MARKET VALUE X FUNDRAISING PRIZES 6 26349 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE PROCESS FOR REVIEWING THE 990 INCLUDES A DETAILED REVIEW AND APPROVAL BY BOTH THE AUDIT AND FINANCE COMMITTEES. THE 990 IS THEN FORWARDED TO THE FULL BOARD FOR ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES ALL TRUSTEES AND THE PRESIDENT DISCLOSURE 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 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 EARLIEST 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 EFFECTING THE COURSE AND DETERMINATION OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES APPOINTS A COMPENSATION COMMITTEE WITH 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. THE PRESIDENT IN TURN REVIEWS AVAILABLE SALARY INFORMATION WITH RESPECT TO THE OFFICERS AND KEY EMPLOYEES IN ESTABLISHING THEIR SALARIES. 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 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INCREMENTAL EFFECT OF APPLYING ASC 715 108,172. THE COLLEGE HAS EXISTING PRACTICES WITH RESPECT TO DOCUMENT RETENTION SUCH THAT ALL STUDENT RECORDS WERE PERPETUALLY KEPT. DURING THE PAST TEN YEARS THE COLLEGE HAS UTILIZED ELECTRONIC DATABASES FOR THE CREATION AND MAINTENANCE OF STUDENT AND BUSINESS RECORDS. THE COLLEGE IS IN THE PROCESS OF ESTABLISHING A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY WITH WILL IMPLEMENT THE EXISTING PRACTICES AND PROVIDE FOR ELECTRONIC RETENTION OF DOCUMENTS WHEREVER POSSIBLE. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT AND THE SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR. BOOKSTORE LLC 106 NEW SCOTLAND AVE ALBANY NY 12208 113780407 BOOKSTORE NY 24026 24627 0 0 0.39000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0