2015-05-15T12:34:18-05:00 2014-06-30 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2013-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 TIMOTHY R WELLES TREASURER 5184292460 2015-05-05 1 CAROL A HAUSAMANN CPA P00339780 5187850134 2013 2016-03-07 17:11:31Z DR DOUGLAS NORTH 140 ACADEMY ROAD ALBANY NY 12208 25823379 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 21 266 250 678179 0 5936990 2961503 14882241 15894899 760507 1489600 211489 165923 21791227 20511925 3303743 3491673 0 0 8918047 9478578 0 0 428295 4941069 4639690 17162859 17609941 4628368 2901984 43449148 47950929 11800695 11789632 31648453 36161297 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 14293807 3491673 15216720 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. APPROXIMATELY 830 SERVED. 14293807 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 12 0 1 266 1 1 1 0 0 0 0 1 1 0 0 X 21 21 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 M CHRISTIAN BENDER TRUSTEE 1.00 X 0 0 0 DARLENE BILINSKI TRUSTEE 1.00 X 0 0 0 PETER CAMPITO TRUSTEE 1.00 X 0 0 0 ERIC LEWIS 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 ROBERT J MCCORMICK TRUSTEE 1.00 X 0 0 0 DEBRA A NELSON TRUSTEE 1.00 X 0 0 0 CAROL SWYER TRUSTEE 1.00 X 0 0 0 JAMES HENS TRUSTEE 1.00 X 0 0 0 NANCY CAREY CASSIDY TRUSTEE 1.00 X 0 0 0 EILEEN M CONSIDINE TRUSTEE 1.00 X 0 0 0 WILLIAM BELLEVILLE 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 TIMOTHY R WELLES TREASURER 1.00 X 0 0 0 JAMES A SIDFORD SECRETARY 1.00 X 0 0 0 E STEWART JONES PRESIDENT 1.00 X 0 0 0 DOUGLAS NORTH HEAD OF SCHOOL 40.00 X 170266 0 112004 PAMELA MACAFFER FINANCE DIRECTOR 40.00 X 91582 0 17322 261848 0 129326 3 0 1 0 COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 658224 JANITRONICS BUILDING SERVICES PO BOX12729 ALBANY NY 12203 MAINTENANCE 252859 FOLMSBEE'S TRANSPORTATION 1 INDUSTRY DRIVE WATERFORD NY 12188 BUSING 242134 EASTERN HEATING AND COOLING INC 880 BROADWAY ALBANY NY 12207 REPAIR AND INSTALLATION OF HEATING 128937 BONAQUISTI BROTHERS CONSTRUCTION 71 CANVASS STREET COHOES NY 12047 CONSTRUCTION SERVICES 125750 5 2961503 12000 2961503 TUITION 900099 14908617 14908617 AUXILIARY INCOME 900099 738497 60318 678179 OTHER SOURCE INCOME 900099 247785 247785 15894899 350387 350387 6413154 5273941 1139213 1139213 1139213 195336 37513 157823 157823 8100 0 8100 8100 20511925 15216720 678179 1655523 3491673 3491673 649885 114497 403538 131850 7273561 5895713 1167763 210085 231743 195971 34974 798 753868 583861 149436 20571 569521 434496 119795 15230 54985 54985 79664 17463 18382 43819 23055 23055 410329 410329 5619 5619 10373 10373 275530 275530 783757 619168 164589 169630 169630 CONTRACTED CAFETERIA SE 603815 603815 GROUNDS, CONTRACT SEVIC 433879 433879 SUPPLIES 258687 258687 ATHLETICS 236830 236830 1293537 541892 745703 5942 17609941 14293807 2887839 428295 3703501 3822943 3038777 3254304 102985 249579 29785367 18890932 11076864 10894435 17511085 21003735 8015936 8725933 43449148 47950929 1718555 1861253 1437837 1481720 7797397 7607524 846906 839135 11800695 11789632 X 4744924 6044051 10442131 12540213 16461398 17577033 31648453 36161297 43449148 47950929 X 2901984 671007 939853 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 21989398 522785 2688492 725772 24474903 20521503 504394 1663095 699594 21989398 21336627 250450 -399420 666154 20521503 18223221 125555 3635835 647984 21336627 17487109 48595 1613023 925506 18223221 0.11770 0.71820 0.16410 1 0 23624485 13234359 10390126 5994806 5656573 338233 166076 166076 10894435 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1963287 BENEFICIAL INTEREST IN PERPETUAL TRUST 6705670 OTHER ASSETS 56976 8725933 LIABILITY UNDER CHARITABLE REMAINDER TRUST 2968 LIABILITY UNDER THE POOLED INCOME FUND 311186 POST RETIREMENT BENEFITS 524981 839135 X 18613640 671007 977366 1648373 16965267 3546658 3546658 20511925 14100796 37513 37513 14063283 3546658 3546658 17609941 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. THE ACADEMIES MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 37,513. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 140,755. CHANGE IN VALUE OF PERPETUAL TRUST 592,850. CHANGE IN VALUE OF POOLED INCOME TRUST 206,248. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 54,985. FINANCIAL AID 3,491,673. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 37,513. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 54,985. FINANCIAL AID 3,491,673. 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 144109 144109 3050 19800 1800 3864 LEGACY OF DREAMS-SPORTS FUNDRAISER 51227 51227 6819 2180 195336 195336 9869 19800 1800 6044 37513 157823 8100 0 8100 8100 NY 1 0 0 0 0 0 1 SCHOLARSHIPS 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. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 DOUGLAS NORTH HEAD OF SCHOOL 170266 0 0 0 0 0 106740 0 5264 0 282270 0 61200 0 CAMPITO HEATING AND PLUMBING PETER CAMPITO, MEMBER ON BOARD - OWNER OF CAMPITO HEATING AND PLUMBING 27129 CONTRACTED FOR HEATING AND PLUMBING SERVICES. 0 BRAD ROSENSTEIN BRAD ROSENSTEIN, BOARD MEMBER OWNS JACK'S OYSTER HOUSE 1800 ORGANIZATION EVENT 0 JAMES SIDFORD JAMES SIDFORD, BOARD MEMBER IS A PRINCIPAL WITH AUSTIN & COMPANY 264634 AUSTIN & COMPANY IS THE INSURANCE BROKER USED BY THE ACADEMIES 0 X 12 315316 FMV-NYSE X BABY GRAND PI 1 12000 COST X HOUSE RENTAL 1 6500 COST 0 0 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 140,755. CHANGE IN VALUE OF PERPETUAL TRUST 592,850. CHANGE IN VALUE OF POOLED INCOME FUND 206,248. 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.