2012-05-14T14:59:05-05:00 2011-06-30 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2010-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 TIMOTHY R WELLES 5184292460 2012-05-09 1 CAROL A HAUSAMANN CPA 5187850134 2010 2016-02-24 21:20:13Z DR DOUGLAS NORTH 140 ACADEMY ROAD ALBANY NY 12208 23878927 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. 20 20 280 250 603077 0 1482910 1429987 12086857 12379932 1120722 1770918 145573 169987 14836062 15750824 2670072 2822352 0 0 7745453 7789646 0 0 344195 4475041 4433800 14890566 15045798 -54504 705026 35293609 37964248 11173254 10637943 24120355 27326305 X 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. 0 0 12565347 11776855 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. 12565347 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 14 0 1 280 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X X SUSAN PAUSLEY 5184292460 140 ACADEMY ROAD ALBANY NY 12208 FRANCIS H TROMBLY JR 1.00 X 0 0 0 THOMAS J BALDWIN JR 1.00 X 0 0 0 TIMOTHY R WELLES 1.00 X 0 0 0 JAMES A SIDFORD 1.00 X 0 0 0 M CHRISTIAN BENDER 1.00 X 0 0 0 DARLENE BILINSKI 1.00 X 0 0 0 PETER CAMPITO 1.00 X 0 0 0 ERIC LEWIS 1.00 X 0 0 0 E STEWART JONES 1.00 X 0 0 0 LESLIE MORGAN MARVIN 1.00 X 0 0 0 GEORGE C MCNAMEE 1.00 X 0 0 0 BRAD ROSENSTEIN 1.00 X 0 0 0 CHRISTINE L STANDISH 1.00 X 0 0 0 MELISSA JARVIS-CEDENO 1.00 X 0 0 0 ROBERT J MCCORMICK 1.00 X 0 0 0 DEBRA A NELSON 1.00 X 0 0 0 CAROL SWYER 1.00 X 0 0 0 MONICA KASSELMAN OBERTING 1.00 X 0 0 0 DOUGLAS NORTH 40.00 X 99385 0 11864 PAMELA MACAFFER 40.00 X 81995 0 12580 181380 0 24444 0 0 0 0 COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 595097 ALBRIGHT'S LAWNCARE 54 BRIDGE STREET SELKIRK NY 12158 MAINTENANCE 126753 2 1429987 1429987 TUITION 900099 11682194 11682194 AUXILIARY INCOME 900099 653875 50798 603077 OTHER SOURCE INCOME 900099 43863 43863 12379932 306938 306938 9565485 8101505 1463980 1463980 1463980 196585 26598 169987 169987 15750824 11776855 603077 1940905 2822352 2822352 224384 224384 6326476 5219283 882003 225190 204487 161415 35494 7578 460851 397652 44531 18668 573448 421576 131485 20387 47285 47285 90696 6981 24345 59370 13287 13287 521241 521241 6199 6199 21449 21449 337500 337500 792971 626447 166524 135710 135710 CONTRACTED CAFETERIA SE 539164 539164 AUXILIARY SERVICES 307188 307188 GROUNDS, CONTRACT SEVIC 233431 233431 ATHLETICS 203760 203760 OTHER DEPARTMENT PROGRA 170605 170605 1013314 439593 560719 13002 15045798 12565347 2136256 344195 2000 2000 995891 892739 591303 479216 138393 123332 28210658 16647613 12171234 11563045 14346585 16838050 7048203 8065866 35293609 37964248 1139955 1140221 1034210 1224035 7867437 7348696 1131652 924991 11173254 10637943 X 3667624 3779527 5677014 7791818 14775717 15754960 24120355 27326305 35293609 37964248 X 705026 2500924 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18223221 125555 3635835 647984 21336627 17487109 48595 1613023 925506 18223221 19670746 346518 -1904648 625507 17487109 0.12200 0.73840 0.13960 1 0 20914104 11023377 9890727 5664733 5314821 349912 1631821 309415 1322406 11563045 STUDENT LOAN RECEIVABLES, NET 50984 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1785130 BENEFICIAL INTEREST IN PERPETUAL TRUST 6161225 OTHER ASSETS 68527 8065866 LIABILITY UNDER CHARITABLE REMAINDER TRUST 27463 LIABILITY UNDER THE POOLED INCOME FUND 248724 POST RETIREMENT BENEFITS 648804 924991 15750824 15045798 705026 1059719 1441205 2500924 3205950 15408709 1059719 1467803 2527522 12881187 2869637 2869637 15750824 12202759 26598 26598 12176161 2869637 2869637 15045798 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY IS NOTED ON ALL NEWSPAPER ADVERTISEMENTS AND ADMISSIONS BROCHURES. SPRING AUCTION 139920 139920 18000 3320 ATHLETICS AUCTION 56665 56665 4258 533 196585 196585 22258 3853 26111 170474 1 SCHOLARSHIPS 313 2822352 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. 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 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 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 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 PRIOR YEARS.