2015-02-13T18:57:22-07:00 2014-06-30 990 2013-07-01 141338309 ALBANY LAW SCHOOL ALBA 5184452391 80 New Scotland Avenue Albany NY 122083494 Victor E Rauscher Vice President for Finance 5184453294 2015-02-13 2013 2016-02-25 16:41:14Z Penelope Andrews 80 New Scotland Avenue Albany NY 12208 45021949 0 X www.albanylaw.edu X 1851 NY Albany Law School educates and empowers tomorrow's leaders in law practice, business, public interest, and government. We connect the classroom to the profession, government, and the community through experienced-based learning, engaged scholarship, and a robust network of alumni and supporters. Learning at Albany Law School is a joint venture between students and faculty members, supported by staff, administrators, alumni, and the Board of Trustees. Our students develop a sophisticated understanding of legal policy and doctrine, a broad range of professional competencies, and a deep commitment to justice and ethical values. 34 34 431 432 0 0 3195824 2452096 25990534 25306779 2036754 2321340 280349 304040 31503461 30384255 4456337 7515204 0 0 15633815 14660168 13754 24273 1032211 8645349 7751042 28749255 29950687 2754206 433568 97243832 105018896 23719000 23795631 73524832 81223265 Higher education: Albany Law School is an institution of higher education that provides instructional and educational activities singularly focused on the study of law. Completion of the programs by students culminates in the awarding of one of two degrees (J.D. or LLM) in the area of law. 0 0 24985159 7515204 25177266 Higher education: Albany Law School has an enrollment of 562 FTEs and full time faculty of 45. In the current fiscal year 208 degrees were awarded to JD and LLM students. 0 0 0 24985159 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 900 0 431 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X Victor E Rauscher 5184453294 80 New Scotland Ave Albany NY 122083494 Daniel P Nolan Trustee-Chair 2 0 X 0 0 0 James E Kelly Trustee - Vice Chair 2 0 X 0 0 0 Johnna G Torsone Trustee-Secretary 2 0 X 0 0 0 Robert C Miller Trustee-Treasurer 2 0 X 0 0 0 James N Benedict Trustee 2 0 X 0 0 0 Constance M Boland Trustee 2 0 X 0 0 0 William A Brewer III Trustee 2 0 X 0 0 0 Gregory B Butler Trustee 2 0 X 0 0 0 Mary Ann Cody Trustee 2 0 X 0 0 0 Andrea L Colby Trustee 2 0 X 0 0 0 William J Curry Trustee 2 0 X 0 0 0 Frank L Fernandez Trustee 2 0 X 0 0 0 Dan S Grossman Trustee 2 0 X 0 0 0 James E Hacker Trustee 2 0 X 0 0 0 J K Hage III Trustee 2 0 X 0 0 0 John J Halloran Trustee 2 0 X 0 0 0 Paul Harding Trustee 2 0 X 0 0 0 E Stewart Jones Jr Trustee 2 0 X 0 0 0 Amy J Kellogg Trustee 2 0 X 0 0 0 Peter C Kopff Trustee 2 0 X 0 0 0 Thomas J Mullin Trustee 2 0 X 0 0 0 Timothy O'Hara Trustee 2 0 X 0 0 0 Rory J Radding Trustee 2 0 X 0 0 0 Robert A Rausch Trustee 2 0 X 0 0 0 Christina L Ryba Trustee 2 0 X 0 0 0 Harry L Robinson Trustee 2 0 X 0 0 0 Katherine M Sheehan Trustee 2 0 X 0 0 0 Leslie E Stein Trustee 2 0 X 0 0 0 Robert B Stiles Trustee 2 0 X 0 0 0 Christine G Stone Trustee 2 0 X 0 0 0 Dale M Thuillez Trustee 2 0 X 0 0 0 Randolph F Treece Trustee 2 0 X 0 0 0 Debra B Treyz Trustee 2 0 X 0 0 0 Jack Withiam Trustee 2 0 X 0 0 0 Penelope Andrews President and Dean 35 0 X 319556 0 28951 Victor E Rauscher Vice President for Finance & Business 35 0 X 181860 0 22130 Alicia Ouellette Associate Dean - Academic Affairs and Intellectual Life 35 0 X 159013 0 15729 Paul Finkelman Faculty 35 0 X 231947 0 40081 Sheldon W Halpern Faculty 35 0 X 215644 0 32909 Timothy Lytton Professor 35 0 X 172484 0 35108 Ira M Bloom Faculty 35 0 X 173599 0 35297 Connie Mayer Professor 35 0 X 158064 0 39879 1612167 0 250084 42 0 1 0 University Heights Association 84 Holland Avenue Albany NY 12208 Security 397508 Janitronics 1988 Central Ave Albany NY 12212 Custodial services 331703 Computer Professionals International 2165 Technology Dr Schenectady NY 12308 Information Technology 347833 Ellucian 4375 Fair Lakes Ct Fairfax VA 22033 Data services 149790 Wainschaf Associates Inc 65 Washington St Rensselaer NY 12144 Construction services 536193 8 0 0 0 0 1076182 1375914 132117 2452096 Tuition and fees 611310 25177266 25177266 0 0 Income on student loans 900099 109343 109343 0 0 Bookstore 451211 20170 20170 0 0 0 0 0 0 25306779 1269092 1269092 0 0 0 0 0 0 17010 17010 0 0 0 0 15689942 0 14637694 0 1052248 0 1052248 1052248 0 0 0 287030 287030 0 0 287030 30384255 27932159 0 0 0 0 7515204 7515204 0 0 0 0 840101 179217 499220 161664 0 0 0 0 10896116 9347899 1150226 397991 881935 698709 152424 30802 1306285 1034898 225764 45623 735731 582879 127156 25696 0 0 0 0 111924 0 111924 0 89246 0 89246 0 0 0 0 0 24273 24273 193310 0 193310 0 613809 201839 361720 50250 44895 0 44895 0 234736 125638 95522 13576 235203 0 235203 0 0 0 0 0 1450046 1274743 138069 37234 330399 179212 122582 28605 0 0 0 0 291687 76066 76346 139275 817640 760405 40882 16353 0 0 0 0 1539082 1431346 76954 30782 109880 103079 4858 1943 Library 872313 872313 0 0 Student services 221549 221549 0 0 Printing 140374 53307 73990 13077 All other expenses 454949 326856 113026 15067 29950687 24985159 3933317 1032211 899923 594744 3797637 4815365 46803 69206 474961 374093 0 0 0 0 2401512 2735201 0 0 184583 233164 50845250 28731389 23091683 22113861 56790189 70016775 0 0 0 0 0 9556541 4066487 97243832 105018896 4483181 5145178 0 0 177509 148238 16526342 15970247 0 0 0 0 0 0 0 0 2531968 2531968 23719000 23795631 X 47963612 54545093 6086612 6680738 19474608 19997434 73524832 81223265 97243832 105018896 X 433568 6562445 0 0 0 702420 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41746499 355286 7381514 329518 824820 170277 48158684 35658881 1899256 4931266 190144 416776 135984 41746499 34102812 1170959 1031750 171501 335422 139717 35658881 19894845 9857984 4968154 168871 299501 149799 34102812 17734818 1052493 2328330 344134 719616 157046 19894845 0.661 0.339 0 0 0 0 2256405 2256405 0 33055851 16682222 16373629 0 0 0 0 0 14063159 11309673 2753486 0 1469835 739494 730341 22113861 0 US Government advances for Perkins loans 2531968 2531968 X 29983278 6195621 5000 0 -6601598 -400977 30384255 0 0 0 30384255 22284845 5000 0 0 0 5000 22279845 0 7670842 7670842 29950687 Schedule D, Part V, Line 4 Endowment funds are either donor restricted or board designated/quasi endowment funds. In general, the use of the funds' investment income is generally earmarked for scholarships, fellowships, prizes, endowed and distinguished professorships and academic programs. Schedule D, Part X, Line 2 The School evaluated its tax positions and concluded that it does not have any uncertain tax positions that meet the criteria under FIN 48 (ASC 740). Schedule D, Part XI, Line 2d Student financial aid ($7,670,842) and Change in value of beneficial interest in trusts $366,824 and Postretirement-related changes other than net periodic cost $702,420. Schedule D, Part XII, Line 4b Student financial aid $7,670,842. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The policy is published annually in the newspaper. Schedule E, Part I, Line 6 Albany Law School participates in the following Federal Financial Assistance programs and grants: Department of Education (Federal Work-Study, William D. Ford Direct Loans and Perkins Loan Programs), US Department of Health and Human Services (Developmental Disabilities Basic Support and Advocacy Grants passed through New York State Commission on Quality Care and Advocacy for Persons with Disabilities). X X X X X X X 1 Stockade Consulting Group 650 Franklin Street Schenectady NY 12305 The entity assists with phone solicitation for the Albany Law School's annual fund campaign. 0 50568 24273 26295 50568 24273 26295 NY 1 Scholarships, fellowships and grants 375 7515204 0 Schedule I, Part I, Line 2 Each year Albany Law School awards a number of merit and diversity scholarships funded from restricted and unrestricted endowment funds, annual giving by alumni and friends and other sources. The Admissions Committee awards the scholarships to first year students in the form of three year scholarships in varying amounts. Financial aid personnel, in conjunction with Development and Business Office personnel, are responsible for monitoring compliance with restrictions associated with endowment funds. All scholarships are merit-based and awarded on the basis of academic promise and individual characteristics that strengthen the applicant pool. The Admissions Committee also offers merit-based scholarships to students from diverse backgrounds including those minorities who historically have been under-represented in the legal profession. A scholarship may be retained from year to year without re-application upon achievement of grades set forth as conditions of the award. Monitoring of continued awarding for second and third year students is performed by the Financial Aid Office in conjunction with the Registrar's Office. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 Penelope Andrews President and Dean 299556 0 20000 0 24667 0 22950 0 4285 0 371458 0 0 0 Victor E Rauscher Vice President for Finance & Business 181860 0 0 0 18709 0 16130 0 4285 0 220984 0 0 0 Alicia Ouellette Associate Dean - Academic Affairs and Intellectual Life 159784 0 0 0 17401 0 13931 0 950 0 192066 0 0 0 Paul Finkelman Faculty 231947 0 0 0 24559 0 20486 0 11683 0 288675 0 0 0 Sheldon W Halpern Faculty 215644 0 0 0 11340 0 10556 0 11681 0 249221 0 0 0 Timothy Lytton Professor 172484 0 0 0 15480 0 15255 0 11681 0 214900 0 0 0 Ira M Bloom Faculty 173599 0 0 0 26667 0 19022 0 8243 0 227531 0 0 0 Connie Mayer Professor 158064 0 0 0 2078 0 18226 0 11681 0 190049 0 0 0 Schedule J, Part I, Line 1a All faculty members are allotted a discretionary spending account each year for travel, books, memberships and dues. Support for all expenditures is required to be submitted. The President and Dean is provided with memberships to social clubs as part of the contractual agreement with Albany Law School. Schedule J, Part I, Line 4 One half of the amount reported in Part II, Line 5, column (B)(i) was paid as severance to the individual. The severance payment made to the individual was in connection with relinquishment of tenure and separation from employment. Schedule J, Part I, Line 7 Under the terms of the President and Dean's contract, the Board, at its discretion, authorized a bonus to the President and Dean in the calendar year based on an annual evaluation process. The amount of the bonus was included as part of Reportable compensation from the organization (Part VII, Line 1a, column d). A City of Albany Industrial Development Agency 522015750 012440JD6 2007-06-25 18947846 Refinancing and land purchase 0 0 0 A 0 0 18947846 1379543 0 15096040 378956 0 0 2093306 0 0 2007 0 1 1 1 A 0 0 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 Schedule K, Part IV, Line 2c-06/25/2007 18,947,846 City of Albany Industrial Development Agency The date the rebate computation was performed was June 25, 2012. X 20 115962 Average Market Value X Various in kind 12 16155 Fair value 0 1 0 Form 990, Part VI, Section B, Line 11b A review of the public portions of the 990 tax return (Schedule B details are not reviewed) is first conducted by the Vice President for Finance and Business with the Audit Committee at a regularly scheduled meeting of the Audit Committee. This review highlights significant aspects of the return. Subsequent to the Audit Committee meeting a copy of the public portions of the 990 tax return (Schedule B is not included) is provided to each voting Board member. In addition to a summary of the Audit Committee's review of the tax return during a regularly scheduled meeting of the Board of Trustees prior to the filing of the return. Form 990, Part VI, Section B, Line 12c On an annual basis, each Board member, officer and key employee is provided with a copy of the Conflict of Interest Policy and a disclosure form to identify any known or potential conflict. The disclosure forms are returned to the Vice President for Finance and Business to summarize any conflicts that are identified. The summarization includes a description of the conflict and proposed resolution and is presented to the Audit Committee of the Board of Trustees for discussion. The Audit Committee then recommends to the Board the appropriate action to be taken for each identified conflict. Any member found to have a conflict or potential conflict is recused from the deliberations concerning the conflict and also decisions concerning any transaction associated with the conflict. If a conflict arises mid year, a new disclosure form is required to be submitted by the affected individual and another review by the Audit Committee and Board is undertaken. In order to waive a conflict, the policy requires 75% of the voting members to vote in favor of waiving the conflict. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees is charged with the annual review of the top management official's (President and Dean) compensation. The President and Dean provides the Executive Committee with an annual self assessment for their review. In addition, the Committee utilizes comparable compensation data of other presidents and deans in order to make a compensation recommendation to the entire Board of Trustees. The deliberations by the Executive Committee and Board of Trustees are held solely by the members with no management or staff involved in those deliberations. The President and Dean is responsible for determining the compensation of her/his direct reports (key employees). The compensation review includes examining comparable compensation data for similar positions. Form 990, Part VI, Section C, Line 19 Governing documents, the conflict of interest policy and financial statements are not generally made available to the public. Certain documents are available upon request. Form 990, Part XI, Line 9 Postretirement-related changes other than net periodic cost $702,420.