2011-11-15T12:50:08-08:00 2010-12-31 KPMG LLP 515 Broadway Albany NY 12207 990 2010-01-01 141338310 Albany Medical College ALBA 5182625585 47 New Scotland Avenue MC-116 Albany NY 12208 William Hasselbarth 2011-11-15 2010 2016-03-07 17:11:31Z 254536471 false false X www.amc.edu/academic X 1839 NY An academic health sciences center whose responsibilities are to provide a broad range of patient services to the people of eastern New York and western New England. 24 23 1894 0 -2240 30661052 33771644 173437640 183478913 -81006 5730614 1175088 1119423 205192774 224100594 0 0 133692868 144750971 0 0 80491833 83115042 214184701 227866013 -8991927 -3765419 192266008 206882340 113823301 108038415 78442707 98843925 An academic health sciences center whose responsibilities are: to educate medical students, physicians, biomedical students and other health care professional to meet future primary and specialty health care needs of the region and nation; to foster biomedical research that leads to scientific advances and improvement of the health of the public; and to provide a broad range of patient services to the people of eastern New York and western New England.The mission is accomplished through commitment to the values of Quality, Excellence, Service, Collaboration, Integrity and Fiscal Responsibility. We believe to continually develop as a nationally recognized academic health science center. In collaboration with the community, we will provide excellence in education, research, and patient care programs.Our vision for the future includes a commitment to working with other providers to make comprehensive and advanced clinical services available to the public while emphasizing quality and serv false false 150458252 149526006 Faculty Practice - Includes expenditures for clinical practice activity (patient care) of the faculty of the Albany Medical College. 29398744 32543581 Instruction - As an educational institution, the main function is to teach approximately 748 students. 17060473 1409326 Research - A medical college undertakes numerous research projects during the course of the year. This includes all expenditures for activities specifically organized to provide research outcomes. 196917469 true true false false false false false false false true true false true false true true false true true false false false false false false false false false false true false false false false false false false false false false false false false false false false true true true false false true 737 0 true 1894 true false false true NT false false false false false false false false 0 false false false false false false false false false false false X 24 23 false false false false false false false true true false false false false true true true true true true true false false NY X Frances M Albert CPA 5182625585 47 New Scotland Avenue Albany NY 12208 William C Hasselbarth 40.00 X 0 464487 99818 W Michael Reickert 2.00 X 0 0 0 Vincent Verdile MD 40.00 X 554349 0 112528 Todd M Tidgewell 2.00 X 0 0 0 Steven M Parnes MD 2.00 X 0 0 0 Ronald D'Alessandro 2.00 X 0 0 0 Robert T Cushing 2.00 X 0 0 0 Robert J Higgins 2.00 X 0 0 0 R Wayne Diesel 2.00 X 0 0 0 Peter H Heerwagen 2.00 X 0 0 0 Peter H Elitzer 2.00 X 0 0 0 Paul P Hospodar 40.00 X 618153 0 27331 Michael K Burke 2.00 X 0 0 0 Marc N Fecteau CPA 2.00 X 0 0 0 Lillian Moy Esq 2.00 X 0 0 0 Joyce M DeFazio 2.00 X 0 0 0 John J Nigro 2.00 X 0 0 0 John B Robinson Jr 2.00 X 0 0 0 John B O'Connor 2.00 X 0 0 0 Jeffrey Stone 2.00 X 0 0 0 Jeffrey Sperry 2.00 X 0 0 0 Janice Smith 2.00 X 0 0 0 James O Jackson PhD 2.00 X 0 0 0 James J Barba 40.00 X X 0 919476 242884 Gary J Kochem 40.00 X 0 458091 94066 Ferdinand J Venditti Jr 0.00 X 546462 0 96255 Edward C Lee 40.00 X 683044 0 24176 Doug Hamlin 2.00 X 0 0 0 David Golub 2.00 X 0 0 0 Darryl J Dirisio 40.00 X 996365 0 37213 Candace King Weir 2.00 X 0 0 0 Alan S Boulos 40.00 X 762788 0 28723 4161161 1842054 762994 344 false true false Whiting Turner Contracting Co PO BOX 17596 Baltimore MD 21297 Construction 1964749 Wainschaf Associates Inc 65 Washington Street Rensselaer NY 12144 Construction 858694 Community Care Physicians PC 711 Troy-Schenectady Road Latham NY 12110 Teaching/Residency 841761 Capital Cardiology Assoc 7 Southwoods Blvd Albany NY 12211 Medical/Physician 978982 Acusis PO BOX 951107 Cleveland OH 44193 Medical Transcript 959382 23 20587526 13184118 33771644 Research 541700 1409326 1409326 Instruction 611600 32543581 32543581 Faculty Practice Income 621110 149526006 149526006 183478913 2931205 2931205 0 0 323014 323014 323014 323014 33235286 30435877 2799409 2799409 2799409 0 0 0 Other 812900 796409 796409 796409 224100594 184275322 6053628 0 0 0 0 586027 586027 0 125160910 119062353 6098557 4754927 4502160 252767 7389539 6996718 392821 6859568 6494920 364648 0 228495 -58 228553 131000 131000 0 0 690435 690435 11149239 10102570 1046669 554721 546692 8029 2231519 1306086 925433 0 0 2729724 1649753 1079971 1949000 1818214 130786 0 0 295310 271438 23872 29894783 18493275 11401508 5156460 1848828 3307632 5641062 5147857 493205 Student related expenses 2972126 1269754 1702372 Other 3495793 1840347 1655446 Medical Surgical 3953799 3911783 42016 Drugs and Medicine 5015830 5015714 116 Bad Debt 5050867 5050867 1974879 1588198 386681 227866013 196917469 30948544 0 1318891 724238 11209697 13954350 0 23910803 23778589 0 0 7538015 7563016 366387 241146 2179304 2211027 126566158 83170006 41316560 43396152 0 0 97964411 108927340 0 6461940 6086482 192266008 206882340 18055728 19240278 14366413 15151959 81401160 73646178 113823301 108038415 X -5949337 5042641 34780788 40968449 49611256 52832835 78442707 98843925 192266008 206882340 X -3765419 24166637 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75185661 2474448 9974353 995292 3083312 83555858 64169349 1846920 13530162 1050740 3310030 75185661 86441489 284615 -18879583 865761 2811411 64169349 0.15000 0.85000 false false false 1900489 1900489 64729412 44475199 20254213 2056946 1603846 453100 57879311 37090961 20788350 43396152 108927340 Professional Liability Reserve 24352342 Other Liabilities 3406357 Long Term Pension Costs 14789007 Interinstitutional Payables 23794553 Federal Loan Program 5941851 Accrue est asb abatement 1362068 73646178 224100594 227866013 -3765419 7895817 16270820 24166637 20401218 248267231 7895817 16270820 24166637 224100594 224100594 227866013 227866013 227866013 Part X Part X : FIN48 Footnote r) Income TaxesWith the exception of Madison Avenue Services Corporation, all entities comprising the Albany Medical Center and Related Entities are not-for-profit corporations under Section 501(c)(3) of the Internal Revenue Code and are exempt from federal income taxes pursuant to Section 501(a) of the Code. Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 FASB 158 $4655320 PPE Contribution $1615500 Interinstitutional Receivable $10000000 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances PPE Contribution $1615500 Pension $4655320 Interinstitutional Receivable $10000000 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Income generated from Endowed funds are used to support the mission of the organization. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Published in Albany Medical College Handbook Indicated in newspaper advertisements X X X X X false false false false false false false false false false William C Hasselbarth 335129 90600 38758 87861 11957 564305 70360 Vincent Verdile MD 414741 100850 38758 99249 13279 666877 80850 Paul P Hospodar 547002 38753 32398 15260 12071 645484 25154 James J Barba 630739 250000 38737 240624 2260 1162360 249152 Gary J Kochem 344917 72964 40210 82745 11321 552157 72716 Ferdinand J Venditti Jr 435465 72240 38757 84865 11390 642717 72240 Edward C Lee 581159 68747 33138 9800 14376 707220 64604 Darryl J Dirisio 726668 236607 33090 20458 16755 1033578 36395 Alan S Boulos 730371 32417 9800 18923 791511 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Documents are made available upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Compensation Committee of the Board of Directors ("Committee") establishes compensation for the President and Chief Executive Officer of the organization, all Executive Vice Presidents and other top management officials who report directly to the President and Chief Executive Officer, subject to approval by the Board of Directors. The Committee uses professional compensation advisors who are capable of rendering independent advice and independent market surveys. The Committee targets the market median (50th percentile) for cash compensation; benefit programs are intended to be competitive. After the compensation program is determined, the Committee-approved recommendation is forwarded to the Board of Directors for its consideration and approval, and that is contemporaneously substantiated. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All candidates for Board membership and Board Committee membership receive a copy of the conflict of interest policy and conflict of interest questionnaire for completion. Actual or potential conflicts reported are reviewed by the Committee on Audit & Compliance of the Board of Directors and appropriate action is taken to mitigate conflicts.Upon hire, all employees receive an employee manual which explains the conflict of interest policy and the requirement to report any actual or potential conflicts. All employees also receive refresher education regarding the policy and a reminder about the reporting requirement as part of their mandatory annual education. All employees are responsible for notifying Center management of any potential conflicts in addition to responding to requests for information if requested. Persons holding significant management positions receive a copy of the conflict of interest questionnaire for completion. Any conflicts which are reported or discovered are reviewed by the Corporate Compliance & Audit Dept. and appropriate action is taken to mitigate the conflict. Employees who violate the conflict of interest policy are subject to the institution's corrective action policies. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The Board of Directors, through it's Audit Committee, engages a prominent accounting firm, KPMG, to conduct a review of it's tax return for compliance with IRS regulations. The Audit Committee engages KPMG as paid preparer to ensure accuracy of filings and raise for discussion issues or concerns that are considered significant. Issues or concerns are raised with management and brought to the attention of the Audit Committee throughout the year as warranted and required. Our process also includes a review of returns by senior management and a presentation and review of the returns at a meeting of the Audit Committee of the Board of Directors. Center for Donation and Transplant 218 Great Oaks Blvd Albany NY 12203 141820447 Organ and Tissue Bank NY 501(c)(3) 11 Type I Albany Medical College true Albany Medical Center Kidskeller 47 New Scotland Ave Albany NY 12208 222635792 Education Day Program NY 501(c)(3) 2 Albany Medical Center false Albany Medical Center South Campus 25 Hackett Blvd Albany NY 12208 141813299 Hospital NY 501(c)(3) 3 Albany Medical Center false Albany Medical Center Foundation 47 New Scotland Ave Albany NY 12208 146023119 Fundraising NY 501(c)(3) 7 N/A false Albany Medical Center Hospital 43 New Scotland Ave Albany NY 12208 141338307 Hospital NY 501(c)(3) 3 N/A false Albany Medical Center 47 New Scotland Ave Albany NY 12208 141641730 Corporate Services NY 501(c)(3) 11 Type II N/A false false false true false false false false false true true false true false false true true true true Center for Donation and Transplant r 742531 Book Value Center for Donation and Transplant p 728150 Book Value