2019-05-15T09:49:49-05:00 2018-06-30 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2017-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 ERIC LEWIS TREASURER 5184292460 2019-05-10 1 THOMAS W HOSEY CPA P01404628 5187850134 2019-05-10 24.213.243.34 2019-05-10 13:52:17 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 886E3E0EAD9213B55EB3EAAB85EDDBA408BC9955 2017 2019-02-21 02:37:17Z CHRISTOPHER J LAURICELLA 140 ACADEMY ROAD ALBANY NY 12208 28679322 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. 21 21 324 250 714036 -161417 1394581 979470 17050508 17949453 1468042 697903 202424 184514 20115555 19811340 3916569 4092028 0 0 10426555 10656890 0 0 525277 4913308 5206761 19256432 19955679 859123 -144339 49995937 50621169 10811568 10267650 39184369 40353519 X THE ALBANY ACADEMIES IS A PRESCHOOL-GRADE 12 INDEPENDENT COLLEGE-PREPATORY 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 16264760 4092028 17949453 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. APPROXIMATELY 824 SERVED. 16264760 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 12 0 1 324 1 1 1 0 0 0 1 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X PAMELA MACAFFER 5184292460 140 ACADEMY ROAD ALBANY NY 12208 DOUGLAS NORTH HEAD OF SCHOOL 40.00 X X 358588 0 16672 STEWART C MYERS TRUSTEE 1.00 X 0 0 0 RICHARD FLAHERTY TRUSTEE 1.00 X 0 0 0 PETER CAMPITO PE TRUSTEE 1.00 X 0 0 0 NANCY CAREY CASSIDY PRESIDENT 1.00 X X 0 0 0 MONICA KASSELMAN-OBERTING TRUSTEE 1.00 X 0 0 0 M CHRISTIAN BENDER TRUSTEE 1.00 X 0 0 0 LESLIE MORGAN MARVIN TRUSTEE 1.00 X 0 0 0 KAARI STANNARD TRUSTEE 1.00 X 0 0 0 JOHN C HAYES TRUSTEE 1.00 X 0 0 0 JENNY AMSTUTZ TRUSTEE 1.00 X 0 0 0 DR KYLE FLIK TRUSTEE 1.00 X 0 0 0 WILLIAM J BELLEVILLE JR TRUSTEE 1.00 X 0 0 0 FERDINAND VENDITTI JR TRUSTEE 1.00 X 0 0 0 ERIC LEWIS PHD TREASURER 1.00 X X 0 0 0 EILEEN M CONSIDINE SECRETARY 1.00 X X 0 0 0 DR HYACINTH MASON PHD TRUSTEE 1.00 X 0 0 0 CORNELIUS MURRAY TRUSTEE 1.00 X 0 0 0 CARL BECKER TRUSTEE 1.00 X 0 0 0 BRAD ROSENSTEIN TRUSTEE 1.00 X 0 0 0 JAMES A SIDFORD VICE PRESIDENT 1.00 X X 0 0 0 JAMES HENS TRUSTEE 1.00 X 0 0 0 ANN WENDTH DIRECTOR OF INSTITUTIONAL 40.00 X 131272 0 6519 DONNA JO RUGGIERO HEAD OF UPPER SCHOOL 40.00 X 113144 0 9204 MICHAEL SCOTT MILLIKEN HEAD OF UPPER SCHOOL 40.00 X 126691 0 8808 PAMELA MACAFFER FINANCE DIRECTOR 40.00 X 114339 0 21376 844034 0 62579 5 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 STUDENT FOOD SERVICE 724431 MID-STATE INDUSTRIES 1105 CATALYN STREET SCHENECTADY NY 12303 CONSTRUCTION SERVICES 348000 AUSTIN & COMPANY 20 CORPORATE WOODS BLVD ALBANY NY 12211 INSURANCE BROKER 311009 JANITRONICS BUILDING SERVICES 1988 CENTRAL AVE ALBANY NY 12212 CUSTODIAL SERVICES 300901 DURHAM SCHOOL SERVICES 1 INDUSTRY DRIVE WATERFORD NY 12188 TRANSPORTATION 256877 6 979470 48922 979470 TUITION 900099 16724456 16724456 AUXILIARY INCOME 900099 765755 51719 714036 OTHER SOURCE INCOME 900099 459242 459242 17949453 406225 406225 9089532 8797854 291678 291678 291678 254642 70128 184514 184514 19811340 17235417 714036 882417 4092028 4092028 787928 273398 376271 138259 8154306 6585276 1338161 230869 260903 217765 36722 6416 814351 626166 152019 36166 639402 485262 126726 27414 62447 62447 54038 5142 11083 37813 61983 61983 354062 354062 4058 4058 7484 7484 243880 243880 937016 740243 196773 199071 199071 CONTRACTED CAFETERIA SE 655131 655131 GROUNDS, CONTRACT SEVIC 405429 405429 SUPPLIES 330097 281757 48340 ATHLETICS 291072 291072 1600993 801594 799399 19955679 16264760 3165642 525277 3004130 1033232 1397244 617782 181417 104358 36084779 22283808 14051459 13800971 22344774 25750692 9016913 9314134 49995937 50621169 1761275 1511233 1453375 1488603 6918348 6672086 678570 595728 10811568 10267650 X 9929760 10763399 10689316 29590120 18565293 0 39184369 40353519 49995937 50621169 X -144339 843373 470116 X X 0 1 X 1 0 X X X 0 25567417 394470 1670682 872414 26760155 24099999 261370 2055913 849865 25567417 24378797 361246 187460 827504 24099999 24474903 94862 575126 766094 24378797 21989398 522785 2688492 725772 24474903 0.11180 0.71860 0.16960 1 0 29236380 16154203 13082177 6763007 6129605 633402 85392 85392 13800971 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1849029 BENEFICIAL INTEREST IN PERPETUAL TRUST 7245566 OTHER ASSETS 219539 9314134 LIABILITY UNDER THE POOLED INCOME FUND 164954 POST RETIREMENT BENEFITS 416246 LIABILITY UNDER CHARITABLE REMAINDER TRUSTS 14528 595728 X 17040482 843373 540244 1383617 15656865 4154475 4154475 19811340 15871332 70128 70128 15801204 4154475 4154475 19955679 PART X, LINE 2: THE ACADEMIES IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE NEW YORK STATE LAW. THE ACADEMIES HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740 THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE THEIR TAX-EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMIES AND RECOGNIZE A TAX LIABILITY IF THE ACADEMIES HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMIES AND IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THE ACADEMIES TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 70,128. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 29,566. CHANGE IN VALUE OF PERPETUAL TRUST 269,114. CHANGE IN VALUE OF POOLED INCOME TRUST 171,436. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 62,447. FINANCIAL AID 4,092,028. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 70,128. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 62,447. FINANCIAL AID 4,092,028. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY IS NOTED ON ALL NEWSPAPER ADVERTISEMENTS AND ADMISSIONS BROCHURES. SPRING GATHERING 158707 158707 5215 32885 13786 LEGACY OF DREAMS-SPORTS FUNDRAISER 75475 75475 8543 4009 1 20460 20460 5690 254642 254642 5215 47118 17795 70128 184514 1 SCHOLARSHIPS 319 4092028 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 FORTY PERCENT OF THE STUDENT BODY RECEIVES FINANCIAL ASSISTANCE. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 DOUGLAS NORTH HEAD OF SCHOOL 200688 0 35500 0 122400 0 10400 0 6272 0 375260 0 0 0 CAMPITO PLUMBING AND HEATING PETER CAMPITO, BOARD MEMBER IS OWNER OF CAMPITO PLUMBING AND HEATING 66846 CONTRACTED FOR PLUMBING AND HEATING SERVICES. 0 AUSTIN & COMPANY JAMES SIDFORD, BOARD MEMBER IS A PRINCIPAL WITH AUSTIN & COMPANY 311009 INSURANCE BROKER USED BY THE ACADEMIES 0 X 645 30005 FMV-NYSE X JEWELRY FOR SPRING GATHERING 1 5000 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES OUR FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL(S) WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND HAVE MADE ALL MANAGEMENT DECISIONS AND PERFORMED ALL MANAGEMENT FUNCTIONS. FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING WITH THE IRS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SUPPORTING SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE ACADEMIES. 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 29,566. CHANGE IN VALUE OF PERPETUAL TRUST 269,114. CHANGE IN VALUE OF POOLED INCOME FUND 171,436. FORM 990, PART XII, 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 THE PRIOR YEAR.