2018-05-14T08:31:10-05:00 2017-06-30 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2016-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 ERIC LEWIS TREASURER 5184292460 2018-05-08 1 CAROL A HAUSAMANN CPA P00339780 5187850134 2016 2022-09-23 18:48:47Z DR DOUGLAS NORTH 140 ACADEMY ROAD ALBANY NY 12208 25623845 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 21 306 250 651957 -166498 1810444 1394581 16733945 17050508 510874 1468042 150038 202424 19205301 20115555 3840337 3916569 0 0 10109857 10426555 0 0 522242 4812306 4913308 18762500 19256432 442801 859123 48910484 49995937 11481260 10811568 37429224 39184369 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 15549154 3916569 16398551 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. APPROXIMATELY 811 SERVED. 15549154 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 1 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 306 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 NY X X PAMELA MACAFFER 5184292460 140 ACADEMY ROAD ALBANY NY 12208 X M CHRISTIAN BENDER TRUSTEE 1.00 X 0 0 0 PETER CAMPITO PE TRUSTEE 1.00 X 0 0 0 LESLIE MORGAN MARVIN TRUSTEE 1.00 X 0 0 0 GEORGE C MCNAMEE TRUSTEE 1.00 X 0 0 0 BRAD ROSENSTEIN TRUSTEE 1.00 X 0 0 0 CORNELIUS MURRAY TRUSTEE 1.00 X 0 0 0 JOHN C HAYES TRUSTEE 1.00 X 0 0 0 DR HYACINTH MASON PHD TRUSTEE 1.00 X 0 0 0 JAMES HENS TRUSTEE 1.00 X 0 0 0 WILLIAM J BELLEVILLE JR TRUSTEE 1.00 X 0 0 0 STEWART C MYERS TRUSTEE 1.00 X 0 0 0 MONICA KASSELMAN-OBERTING TRUSTEE 1.00 X 0 0 0 JENNY AMSTUTZ TRUSTEE 1.00 X 0 0 0 RICHARD FLAHERTY TRUSTEE 1.00 X 0 0 0 FERDINAND VENDITTI JR TRUSTEE 1.00 X 0 0 0 KAARI STANNARD TRUSTEE 1.00 X 0 0 0 CARL BECKER TRUSTEE 1.00 X 0 0 0 JAMES A SIDFORD VICE PRESIDENT 1.00 X 0 0 0 ERIC LEWIS PHD TREASURER 1.00 X 0 0 0 NANCY CAREY CASSIDY PRESIDENT 1.00 X 0 0 0 EILEEN M CONSIDINE SECRETARY 1.00 X 0 0 0 DOUGLAS NORTH HEAD OF SCHOOL 40.00 X 264570 0 16287 PAMELA MACAFFER FINANCE DIRECTOR 40.00 X 112611 0 20718 MICHAEL SCOTT MILLIKEN HEAD OF UPPER SCHOOL 40.00 X 125901 0 6853 ANN WENDTH DIRECTOR OF INSTITUTIONAL 40.00 X 128890 0 6399 631972 0 50257 4 0 1 0 SANO-RUBIN CONSTRUCTION SERVICES LLC PO BOX 9078 ALBANY NY 12209 CONSTRUCTION 1440818 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 STUDENT FOOD SERVICE 714925 DURHAM SCHOOL SERVICES 1 INDUSTRY DRIVE WATERFORD NY 12188 TRANSPORTATION 338520 AUSTIN & COMPANY 20 CORPORATE WOODS BLVD ALBANY NY 12211 INSURANCE BROKER 299631 JANITRONICS BUILDING SERVICES 1988 CENTRAL AVE ALBANY NY 12212 CUSTODIAL SERVICES 242224 6 1394581 16823 1394581 TUITION 900099 15894236 15894236 AUXILIARY INCOME 900099 708649 56692 651957 OTHER SOURCE INCOME 900099 447623 447623 17050508 584357 584357 6297748 15500 5429563 0 868185 15500 883685 883685 281151 78727 202424 202424 20115555 16398551 651957 1670466 3916569 3916569 814241 255433 423258 135550 7858271 6371947 1245652 240672 290026 240842 41086 8098 840574 639693 161092 39789 623443 472807 122801 27835 58661 58661 71784 4102 13686 53996 89063 89063 346421 346421 1524 1524 9890 9890 252237 252237 870865 687983 182882 188467 188467 CONTRACTED CAFETERIA SE 635850 635850 GROUNDS, CONTRACT SEVIC 381893 381893 SUPPLIES 347757 331455 16302 ATHLETICS 272905 272905 1385991 540660 845331 19256432 15549154 3185036 522242 3852374 3004130 1979712 1397244 69944 181417 35398251 21346792 13399250 14051459 21103922 22344774 8505282 9016913 48910484 49995937 2139252 1761275 1486166 1453375 7156253 6918348 699589 678570 11481260 10811568 X 9315878 9929760 10209186 10689316 17904160 18565293 37429224 39184369 48910484 49995937 X 859123 294182 601840 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 24099999 261370 2055913 849865 25567417 24378797 361246 187460 827504 24099999 24474903 94862 575126 766094 24378797 21989398 522785 2688492 725772 24474903 20521503 504394 1663095 699594 21989398 0.11250 0.16140 0.72610 1 0 28813532 15384836 13428696 6583399 5961956 621443 1320 1320 14051459 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1818252 BENEFICIAL INTEREST IN PERPETUAL TRUST 6976452 OTHER ASSETS 222209 9016913 LIABILITY UNDER THE POOLED INCOME FUND 227573 POST RETIREMENT BENEFITS 437680 LIABILITY UNDER THE CHARITABLE REMAINDER TRUSTS 13317 678570 X 17115075 294182 680568 974750 16140325 3975230 3975230 20115555 15359930 78728 78728 15281202 3975230 3975230 19256432 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. MANAGEMENT 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 78,728. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 67,973. CHANGE IN VALUE OF PERPETUAL TRUST 399,763. CHANGE IN VALUE OF POOLED INCOME TRUST 134,104. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 58,661. FINANCIAL AID 3,916,569. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 78,728. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 58,661. FINANCIAL AID 3,916,569. 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 179409 179409 34043 800 32036 LEGACY OF DREAMS-SPORTS FUNDRAISER 74676 74676 7692 4156 1 27066 27066 281151 281151 41735 800 36192 78727 202424 NY 1 0 0 0 0 0 1 SCHOLARSHIPS 462 3916569 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 264570 0 0 0 0 0 10300 0 5987 0 280857 0 0 0 CAMPITO HEATING AND PLUMBING PETER CAMPITO, MEMBER ON BOARD - OWNER OF CAMPITO HEATING AND PLUMBING 5676 CONTRACTED FOR HEATING AND PLUMBING SERVICES. 0 JAMES SIDFORD JAMES SIDFORD, BOARD MEMBER IS A PRINCIPAL WITH AUSTIN & COMPANY 299631 AUSTIN & COMPANY IS THE INSURANCE BROKER USED BY THE ACADEMIES 0 X 12 404958 FMV-NYSE X TRAVEL COSTS AA BASKETBALL TRIP 1 20000 COST X REPRINTING OF A2 1 10000 COST X PLUMBING FIXTURES FOR NEW FIELD HOUSE 1 5823 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 67,973. CHANGE IN VALUE OF PERPETUAL TRUST 399,763. CHANGE IN VALUE OF POOLED INCOME FUND 134,104. 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 PRIOR YEAR.