ALBANY ACADEMY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ALBANY ACADEMY (EIN 14-1338579)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201201359349305210
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T14:59:05-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARVIN AND COMPANY PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 BRITISH AMERICAN BLVD | AddressLine1 |
| City | LATHAM | City |
| State | NY | State |
| ZIP Code | 121101405 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141338579 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ALBANY ACADEMIES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALBA | NameControl |
| Phone | 5184292460 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 140 ACADEMY ROAD | AddressLine1 |
| City | ALBANY | City |
| State | NY | State |
| ZIP Code | 12208 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIMOTHY R WELLES | Name |
| Title | TREASURER | Title |
| Phone | 5184292460 | Phone |
| Date Signed | 2012-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CAROL A HAUSAMANN CPA | Name |
| Phone | 5187850134 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR DOUGLAS NORTH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 140 ACADEMY ROAD | AddressLine1 |
| City | ALBANY | City |
| State | NY | State |
| ZIP Code | 12208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 23878927 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ALBANYACADEMIES.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1813 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 280 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 603077 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1482910 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1429987 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12086857 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12379932 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1120722 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1770918 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 145573 | OtherRevenuePriorYear |
| Other Revenue Current Year | 169987 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14836062 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15750824 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2670072 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2822352 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7745453 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7789646 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 344195 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4475041 | OtherExpensePriorYear |
| Other Expenses Current Year | 4433800 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14890566 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15045798 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -54504 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 705026 | RevenuesLessExpensesCY |
| Total Assets BOY | 35293609 | TotalAssetsBOY |
| Total Assets EOY | 37964248 | TotalAssetsEOY |
| Total Liabilities BOY | 11173254 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10637943 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 24120355 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 27326305 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE ALBANY ACADAMIES IS A PRESCHOOL-GRADE 12 INDEPENDENT COLLEGE-PREPATORY SINGLE-GENDER 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12565347 | Expense |
| Revenue | 11776855 | Revenue |
| Description | TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. | Description |
| Total Program Service Expense | 12565347 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 14 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 280 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN PAUSLEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5184292460 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 140 ACADEMY ROAD | AddressLine1 |
| City | ALBANY | City |
| State | NY | State |
| ZIP Code | 12208 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Individual Trustee Or DirectorIndividualTrusteeOrDirector |
|---|---|---|---|---|---|---|
| FRANCIS H TROMBLY JR | ||||||
| PRESIDENT | 1.00 | X | 0 | 0 | 0 | |
| THOMAS J BALDWIN JR | ||||||
| VICE-PRESIDENT | 1.00 | X | 0 | 0 | 0 | |
| TIMOTHY R WELLES | ||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | |
| JAMES A SIDFORD | ||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | |
| M CHRISTIAN BENDER | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| DARLENE BILINSKI | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| PETER CAMPITO | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| ERIC LEWIS | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| E STEWART JONES | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| LESLIE MORGAN MARVIN | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| GEORGE C MCNAMEE | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| BRAD ROSENSTEIN | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| CHRISTINE L STANDISH | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| MELISSA JARVIS-CEDENO | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| ROBERT J MCCORMICK | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| DEBRA A NELSON | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| CAROL SWYER | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| MONICA KASSELMAN OBERTING | ||||||
| TRUSTEE | 1.00 | 0 | 0 | 0 | X | |
| DOUGLAS NORTH | ||||||
| HEAD OF SCHOOL | 40.00 | X | 99385 | 0 | 11864 | |
| PAMELA MACAFFER | ||||||
| FINANCE DIRECTOR | 40.00 | X | 81995 | 0 | 12580 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 181380 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 24444 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COMPASS GROUP USA | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICES | 595097 |
| ALBRIGHT'S LAWNCARE | |||||
| 54 BRIDGE STREET | SELKIRK | NY | 12158 | MAINTENANCE | 126753 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 1429987 | AllOtherContributions |
| Total Contributions | 1429987 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION | 900099 | 11682194 | 11682194 | |
| AUXILIARY INCOME | 900099 | 653875 | 50798 | 603077 |
| OTHER SOURCE INCOME | 900099 | 43863 | 43863 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12379932 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 306938 | TotalRevenueColumn |
| Exclusion | $306,938 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9565485 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8101505 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1463980 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1463980 | TotalRevenueColumn |
| Exclusion | $1,463,980 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 196585 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 26598 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 169987 | TotalRevenueColumn |
| Exclusion | $169,987 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15750824 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11776855 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 603077 | UnrelatedBusinessRevenue |
| Exclusion | $1,940,905 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2822352 | Total |
| Program Services | 2822352 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224384 | Total |
| Management And General | 224384 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6326476 | Total |
| Program Services | 5219283 | ProgramServices |
| Management And General | 882003 | ManagementAndGeneral |
| Fundraising | 225190 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 204487 | Total |
| Program Services | 161415 | ProgramServices |
| Management And General | 35494 | ManagementAndGeneral |
| Fundraising | 7578 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 460851 | Total |
| Program Services | 397652 | ProgramServices |
| Management And General | 44531 | ManagementAndGeneral |
| Fundraising | 18668 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 573448 | Total |
| Program Services | 421576 | ProgramServices |
| Management And General | 131485 | ManagementAndGeneral |
| Fundraising | 20387 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47285 | Total |
| Management And General | 47285 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90696 | Total |
| Program Services | 6981 | ProgramServices |
| Management And General | 24345 | ManagementAndGeneral |
| Fundraising | 59370 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13287 | Total |
| Management And General | 13287 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 521241 | Total |
| Program Services | 521241 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6199 | Total |
| Management And General | 6199 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21449 | Total |
| Program Services | 21449 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 337500 | Total |
| Program Services | 337500 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 792971 | Total |
| Program Services | 626447 | ProgramServices |
| Management And General | 166524 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135710 | Total |
| Program Services | 135710 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| CONTRACTED CAFETERIA SE | 539164 | 539164 |
| AUXILIARY SERVICES | 307188 | 307188 |
| GROUNDS, CONTRACT SEVIC | 233431 | 233431 |
| ATHLETICS | 203760 | 203760 |
| OTHER DEPARTMENT PROGRA | 170605 | 170605 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1013314 | Total |
| Program Services | 439593 | ProgramServices |
| Management And General | 560719 | ManagementAndGeneral |
| Fundraising | 13002 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15045798 | Total |
| Program Services | 12565347 | ProgramServices |
| Management And General | 2136256 | ManagementAndGeneral |
| Fundraising | 344195 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2000 | BOY |
| EOY | 2000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 995891 | BOY |
| EOY | 892739 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 591303 | BOY |
| EOY | 479216 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138393 | BOY |
| EOY | 123332 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 28210658 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 16647613 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12171234 | BOY |
| EOY | 11563045 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14346585 | BOY |
| EOY | 16838050 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7048203 | BOY |
| EOY | 8065866 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35293609 | BOY |
| EOY | 37964248 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1139955 | BOY |
| EOY | 1140221 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1034210 | BOY |
| EOY | 1224035 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7867437 | BOY |
| EOY | 7348696 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1131652 | BOY |
| EOY | 924991 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11173254 | BOY |
| EOY | 10637943 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3667624 | BOY |
| EOY | 3779527 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5677014 | BOY |
| EOY | 7791818 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14775717 | BOY |
| EOY | 15754960 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24120355 | BOY |
| EOY | 27326305 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35293609 | BOY |
| EOY | 37964248 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 705026 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2500924 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18223221 | BeginningOfYearBalance |
| Contributions | 125555 | Contributions |
| Investment Earnings Or Losses | 3635835 | InvestmentEarningsOrLosses |
| Other Expenditures | 647984 | OtherExpenditures |
| End Of Year Balance | 21336627 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 17487109 | BeginningOfYearBalance |
| Contributions | 48595 | Contributions |
| Investment Earnings Or Losses | 1613023 | InvestmentEarningsOrLosses |
| Other Expenditures | 925506 | OtherExpenditures |
| End Of Year Balance | 18223221 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19670746 | BeginningOfYearBalance |
| Contributions | 346518 | Contributions |
| Investment Earnings Or Losses | -1904648 | InvestmentEarningsOrLosses |
| Other Expenditures | 625507 | OtherExpenditures |
| End Of Year Balance | 17487109 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.12200 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.73840 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13960 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20914104 | OtherCostOrOtherBasis |
| Depreciation | 11023377 | Depreciation |
| Book Value | 9890727 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5664733 | OtherCostOrOtherBasis |
| Depreciation | 5314821 | Depreciation |
| Book Value | 349912 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1631821 | OtherCostOrOtherBasis |
| Depreciation | 309415 | Depreciation |
| Book Value | 1322406 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11563045 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| STUDENT LOAN RECEIVABLES, NET | 50984 |
| ASSETS HELD IN CHARITABLE REMAINDER TRUSTS | 1785130 |
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 6161225 |
| OTHER ASSETS | 68527 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8065866 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LIABILITY UNDER CHARITABLE REMAINDER TRUST | $27,463 |
| LIABILITY UNDER THE POOLED INCOME FUND | $248,724 |
| POST RETIREMENT BENEFITS | $648,804 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 924991 | TotalOfAmounts |
| Total Revenue | 15750824 | TotalRevenue |
| Total Expenses | 15045798 | TotalExpenses |
| Excess Or Deficit For Year | 705026 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1059719 | NetUnrealizedGLOnInvestments |
| Other | $1,441,205 | OtherAmount |
| Total Adjustments | 2500924 | TotalAdjustments |
| Excess Or Deficit Per FS | 3205950 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15408709 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1059719 | NetUnrealizedGainsInvestments |
| Other Revenues | 1467803 | OtherRevenues |
| Revenue Not Rptd F990 | 2527522 | RevenueNotRptdF990 |
| Revenue Subtotal | 12881187 | RevenueSubtotal |
| Other Revenues Not Included | 2869637 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2869637 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15750824 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12202759 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 26598 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 26598 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12176161 | ExpensesSubtotal |
| Other Expenses Not Included | 2869637 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2869637 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 15045798 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 208,977. CHANGE IN VALUE OF PERPETUAL TRUST 853,688. CHANGE IN VALUE OF POOLED INCOME FUND 378,540. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 26,598. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 208,977. CHANGE IN VALUE OF PERPETUAL TRUST 853,688. CHANGE IN VALUE OF POOLED INCOME TRUST 378,540. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ADVISORY FEES 47,285. FINANCIAL AID 2,822,352. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 26,598. |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | ADVISORY FEES 47,285. FINANCIAL AID 2,822,352. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE NON-DISCRIMINATORY POLICY IS NOTED ON ALL NEWSPAPER ADVERTISEMENTS AND ADMISSIONS BROCHURES. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SPRING AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 139920 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 139920 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 18000 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 3320 | OtherDirectExpensesEvent1 |
| Name Of Event2 | ATHLETICS AUCTION | NameOfEvent2 |
| Gross Receipts Event2 | 56665 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 56665 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 4258 | RentFacilityCostsEvent2 |
| Other Direct Expenses Event2 | 533 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 196585 | GrossReceiptsTotal |
| Gross Revenue Total Events | 196585 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 22258 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 3853 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 26111 | DirectExpenseSummaryEvents |
| Net Income Summary | 170474 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 313 | NumberOfRecipients |
| Amount Of Cash Grant | 2822352 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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 ONE-THIRD OF THE STUDENT BODY RECEIVES FINANCIAL ASSISTANCE. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| CAMPITO HEATING AND PLUMBING | |||
| PETER CAMPITO, BOARD MEMBER IS THE OWNER OF CAMPITO HEATING AND PLUMBING | 16242 | CONTRACTED FOR HEATING AND PLUMBING SERVICES. | 0 |
| BERT TROMBLEY AND LARRY BECKER | |||
| BOTH SIT ON THE BOARD OF CAPITAL BANK | ACADEMIES HAS DEPOSIT AND LOAN ACCOUNTS WITH CAPITAL BANK. | 0 | |
| JAMES SIDFORD | |||
| JAMES SIDFORD, BOARD MEMBER IS A PRINCIPAL WITH AUSTIN & COMPANY | AUSTIN & COMPANY IS THE INSURANCE BROKER USED BY THE ACADEMIES | 0 | |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TIMOTHY WELLES, TREASURER AND GEORGE MCNAMEE, TRUSTEE ARE BROTHER-IN-LAWS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING WITH THE IRS. | |
| 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 12C | |
| 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 B, LINE 15A | |
| GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE BY REQUEST AND FORM 990 IS ALSO AVAILABLE THROUGH GUIDESTAR. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 1,059,719. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 208,977. CHANGE IN VALUE OF PERPETUAL TRUST 853,688. CHANGE IN VALUE OF POOLED INCOME FUND 378,540. TOTAL TO FORM 990, PART XI, LINE 5: 2,500,924. | FORM 990, PART XI, LINE 5: |
| 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 PRIOR YEARS. | FORM 990, PART XI, LINE 2C: |