2013-11-15T09:28:04-06:00 2013-06-30 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2012-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 TIMOTHY R WELLES 5184292460 2013-11-13 1 CAROL A HAUSAMANN CPA P00339780 5187850134 2012 2016-03-07 17:11:31Z DR DOUGLAS NORTH 140 ACADEMY ROAD ALBANY NY 12208 25591597 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. 19 19 261 250 604092 0 1466296 5936990 13789152 14882241 613347 760507 170544 211489 16039339 21791227 3119072 3303743 0 0 8502974 8918047 0 0 413199 4809000 4941069 16431046 17162859 -391707 4628368 37577871 43449148 11753155 11800695 25824716 31648453 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 14389046 3303743 14278149 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. 14389046 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 26 0 1 261 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 19 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 1.00 X 0 0 0 DARLENE BILINSKI 1.00 X 0 0 0 PETER CAMPITO 1.00 X 0 0 0 ERIC LEWIS 1.00 X 0 0 0 LESLIE MORGAN MARVIN 1.00 X 0 0 0 GEORGE C MCNAMEE 1.00 X 0 0 0 BRAD ROSENSTEIN 1.00 X 0 0 0 CHRISTINE L STANDISH 1.00 X 0 0 0 MARK CATTINI 1.00 X 0 0 0 ROBERT J MCCORMICK 1.00 X 0 0 0 DEBRA A NELSON 1.00 X 0 0 0 CAROL SWYER 1.00 X 0 0 0 MONICA KASSELMAN 1.00 X 0 0 0 NANCY CAREY CASSIDY 1.00 X 0 0 0 EILEEN M CONSIDINE 1.00 X 0 0 0 WILLIAM BELLEVILLE 1.00 X 0 0 0 TIMOTHY R WELLES 1.00 X 0 0 0 JAMES A SIDFORD 1.00 X 0 0 0 E STEWART JONES 1.00 X 0 0 0 DOUGLAS NORTH 40.00 X 109666 0 125038 PAMELA MACAFFER 40.00 X 99582 0 13544 209248 0 138582 1 0 1 0 COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 596366 JANITRONICS BUILDING SERVICES PO BOX12729 ALBANY NY 12203 MAINTENANCE 230883 ALBRIGHT'S LAWNCARE 54 BRIDGE STREET SELKIRK NY 12158 MAINTENANCE 127551 3 5936990 99156 5936990 TUITION 900099 14099112 14099112 AUXILIARY INCOME 900099 722792 118700 604092 OTHER SOURCE INCOME 900099 60337 60337 14882241 318971 318971 4195704 3754168 441536 441536 441536 248491 46202 202289 202289 9200 0 9200 9200 21791227 14278149 604092 971996 3303743 3303743 296195 296195 7171267 6023449 850581 297237 237419 197896 29584 9939 659184 558087 71057 30040 553982 430532 101827 21623 50956 50956 65383 14570 2573 48240 91847 91847 465211 465211 4658 4658 19343 19343 285102 285102 775643 612758 162885 153561 153561 CONTRACTED CAFETERIA SE 560426 560426 GROUNDS, CONTRACT SEVIC 422282 422282 AUXILIARY SERVICES 372184 372184 ATHLETICS 292238 292238 1382235 677664 698451 6120 17162859 14389046 2360614 413199 2099767 3703501 333790 3038777 93783 102985 29256477 18179613 11172001 11076864 16158868 17511085 7719662 8015936 37577871 43449148 1453446 1718555 1319638 1437837 8000000 7797397 980071 846906 11753155 11800695 X 3063725 4744924 7056686 10442131 15704305 16461398 25824716 31648453 37577871 43449148 X 4628368 693285 502084 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39156 39156 X X 0 20521503 504394 1663095 699594 21989398 21336627 250450 -399420 666154 20521503 18223221 125555 3635835 647984 21336627 17487109 48595 1613023 925506 18223221 19670746 346518 -1904648 625507 17487109 0.11640 0.13500 0.74860 1 0 23364433 12577266 10787167 5892044 5602347 289697 11076864 STUDENT LOAN RECEIVABLES, NET 10130 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1822851 BENEFICIAL INTEREST IN PERPETUAL TRUST 6112820 OTHER ASSETS 70135 8015936 LIABILITY UNDER CHARITABLE REMAINDER TRUST 3287 LIABILITY UNDER THE POOLED INCOME FUND 295979 POST RETIREMENT BENEFITS 547640 846906 X 19678099 693285 548286 1241571 18436528 3354699 3354699 21791227 13854362 46202 46202 13808160 3354699 3354699 17162859 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR 2010, 2011 AND 2012 ARE SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 46,202. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 85,777. CHANGE IN VALUE OF PERPETUAL TRUST 252,699. CHANGE IN VALUE OF POOLED INCOME TRUST 163,608. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 50,956. FINANCIAL AID 3,303,743. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED AGAINST SPECIAL EVENT INCOME 46,202. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVISORY FEES 50,956. FINANCIAL AID 3,303,743. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY IS NOTED ON ALL NEWSPAPER ADVERTISEMENTS AND ADMISSIONS BROCHURES. SPRING AUCTION 195156 195156 25356 9184 SPORTS AUCTION 53335 53335 10830 832 248491 248491 36186 10016 46202 202289 9200 0 9200 9200 NY 1 0 0 0 0 0 1 SCHOLARSHIPS 376 3303743 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 109666 0 0 0 0 0 120200 0 4838 0 234704 0 0 0 CAMPITO HEATING AND PLUMBING PETER CAMPITO, MEMBER ON BOARD - OWNER OF CAMPITO HEATING AND PLUMBING 18796 CONTRACTED FOR HEATING AND PLUMBING SERVICES. 0 BRAD ROSENSTEIN BRAD ROSENSTEIN, BOARD MEMBER OWNS JACK'S OYSTER HOUSE 0 ORGANIZATION EVENT 0 JAMES SIDFORD JAMES SIDFORD, BOARD MEMBER IS A PRINCIPAL WITH AUSTIN & COMPANY 249180 AUSTIN & COMPANY IS THE INSURANCE BROKER USED BY THE ACADEMIES 0 X 39156 INDEPENDENT APPRAISAL X 7 110947 FMV-NYSE X PAVING 1 60000 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 85,777. CHANGE IN VALUE OF PERPETUAL TRUST 252,699. CHANGE IN VALUE OF POOLED INCOME FUND 163,608. 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.