2011-02-14T12:08:54-07:00 2010-06-30 990 2009-07-01 141338309 ALBANY LAW SCHOOL ALBA 5184452391 80 New Scotland Avenue Albany NY 122083494 Victor E Rauscher 5184453294 2011-02-14 2009 2016-02-24 21:20:13Z Thomas F Guernsey 80 New Scotland Avenue Albany NY 122083494 42153917 0 X www.albanylaw.edu X 1851 NY It is the mission of Albany Law School to be a nationally recognized center of learning and teaching for students, faculty, alumni, the bench and bar, other professions, and local, state, national, and global communities while retaining its historic ties to the state and the region. At the center of this mission is our commitment to provide an education to our students that prepares them for intelligent, creative and ethical participation in the legal profession by offering opportunities to develop habits of critical analysis, understanding of theory, acquisition of professional skills, a deep commitment to justice and service, and an appreciation of the dignity and responsibility that accompany membership in the profession. In carrying out this mission, Albany Law School strives to foster an environment in which cultural and multi-disciplinary diversity is appreciated and supported as enhancements to learning and to the legal profession. 35 35 581 400 0 0 3771796 3945862 30104636 29843984 -552836 909082 175882 281237 33499478 34980165 4526003 5734495 0 0 17810346 16654590 33291 12202 1172932 9507817 9256346 31877457 31657633 1622021 3322532 75726473 80083920 26761436 26280912 48965037 53803008 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 three degrees (J.D., LLM or Masters Program) in the area of law. 0 0 25908468 5734495 29843984 Higher Education: Albany Law School has an enrollment of 717 FTEs and full time faculty of 54. In the current fiscal year 265 degrees were awarded to JD, LLM, and Masters students. 0 0 0 25908468 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1125 0 1 581 1 0 0 0 0 1 1 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Victor E Rauscher 5184453294 80 New Scotland Ave Albany NY 122083494 Jacqueline Mecchella Bushwack 0 X 0 0 0 Larry P Schiffer 0 X 0 0 0 Johnna G Torsone 0 X 0 0 0 E Stewart Jones Jr 0 X 0 0 0 Erik E Joh 0 X 0 0 0 Mary Ann McGinn 0 X 0 0 0 William A Brewer III 0 X 0 0 0 Anthony V Cardona 0 X 0 0 0 Barbara D Cottrell 8 X 8000 0 0 J K Hage III 0 X 0 0 0 Susan M Halpern 0 X 0 0 0 Peter C Kopff 0 X 0 0 0 Betty Lugo 0 X 0 0 0 Harry L Robinson 0 X 0 0 0 James E Kelly 0 X 0 0 0 Bernard J Malone Jr 0 X 0 0 0 Robert C Miller 0 X 0 0 0 Thomas J Mullin 0 X 0 0 0 James T Potter 0 X 0 0 0 Rory J Radding 0 X 0 0 0 John L Sampson 0 X 0 0 0 Thomas M Santoro 0 X 0 0 0 Eugene M Sneeringer Jr 0 X 0 0 0 Victoria M Stanton 0 X 0 0 0 Robert B Stiles 0 X 0 0 0 Dale M Thuillez 0 X 0 0 0 Randolph F Treece 0 X 0 0 0 Donna E Wardlaw 0 X 0 0 0 Constance M Boland 0 X 0 0 0 Carmina Tessitore 0 X 0 0 0 Daniel P Nolan 0 X 0 0 0 James N Benedict 0 X 0 0 0 Thomas F Guernsey 35 X 363851 0 36830 Victor E Rauscher 35 X 174348 0 20640 Connie Mayer 35 X 176027 0 34792 Ira M Bloom 35 X 175930 0 32175 Paul Finkelman 35 X 236222 0 39314 Patricia E Salkin 35 X 202789 0 38789 Sheldon W Halpern 35 X 214863 0 38769 Harold Dubroff 35 X 202793 0 6775 1754823 0 248084 47 0 1 0 Transcend Technology 87 Surrey Hill Dr Latham NY 12110 Information Technology 395220 University Heights Association 130 New Scotland Ave Albany NY 12208 Security 282261 Janitronics 1988 Central Ave Albany NY 12212 Custodial services 166850 Mid-State Industries LTD 1105 Catalyn St Schenectady NY 12303 Construction & Renovation 188811 Valley Paving PO Box 262 Valley Falls NY 12185 Parking lot paving 116500 2 0 0 0 0 1552681 2393181 0 3945862 Tuition and Fees 900099 29695194 29695194 0 0 Income on student loans 900099 116269 116269 0 0 Bookstore 451211 32521 32521 0 0 0 0 0 0 29843984 926117 926117 0 0 0 0 0 0 14747 14747 0 0 0 0 7156717 0 7173752 0 -17035 0 -17035 -17035 0 0 0 266490 266490 0 0 266490 34980165 31034303 0 0 0 0 5734495 5734495 0 0 0 0 851576 168065 540184 143327 0 0 0 0 12437301 10427714 1564148 445439 1113637 863238 212175 38224 1383809 1072662 263649 47498 868267 673039 165426 29802 0 0 0 0 70063 0 70063 0 74657 0 74657 0 10000 0 0 10000 12202 12202 191795 0 191795 0 555606 278986 239434 37186 54267 28 54239 0 284243 178481 92297 13465 222306 12301 210005 0 0 0 0 0 1577216 1309909 200743 66564 402559 209012 146359 47188 0 0 0 0 222250 84280 2862 135108 913948 831693 45697 36558 0 0 0 0 1432486 1303563 71624 57299 99805 92749 3920 3136 Library 1827398 1827398 0 0 Student Services 253856 253856 0 0 Research grants 235000 235000 0 0 Miscellaneous 546796 278097 246065 22634 Printing 282095 73902 180891 27302 31657633 25908468 4576233 1172932 713282 547749 14769410 16728363 593542 422821 458052 556467 0 0 0 0 3952296 3928836 0 0 216919 216069 46519700 22661237 23805849 23858463 22373381 25307190 0 0 8843742 8517962 75726473 80083920 5205347 5328353 0 0 498400 360965 18525721 18059626 0 0 0 0 2531968 2531968 26761436 26280912 X 29149266 33355532 1913833 2069288 17901938 18378188 48965037 53803008 75726473 80083920 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 11172 0 0 11172 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Albany Law School contacts local, state and federal officials to secure contract and grant funding associated with our educational mission. 17734818 1052493 2328330 344134 719616 157046 19894845 21476457 379004 -2847211 362292 777320 133820 17734818 0.369 0.631 0 0 0 0 2248702 2248702 0 31306435 11070427 20236008 0 0 0 0 0 11418103 11253613 164490 0 1546460 337197 1209263 23858463 0 0 0 Deposits 5000 Loan Repayment Program 66062 Bond issuance costs 487490 Beneficial interest in trusts 7959410 8517962 0 US Government advances for Perkins loans 2531968 2531968 34980165 31657633 3322532 1560312 0 0 0 -44874 1515438 4837970 30814259 1560312 0 0 -5726218 -4165906 34980165 0 0 0 34980165 25976289 0 0 0 273073 273073 25703216 0 5954417 5954417 31657633 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are either donor restricted or 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. SchD_P10_S00_L00 Schedule D, Part X The School evaluated its tax positions and concluded that it does not have any uncertain tax positions that meet the criteria under FIN 48. Accordingly, implementation of FIN 48 did not have any impact on the School's financial statements. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in Beneficial Interest in Trust $228,199 and Postretirement-related changes other than net periodic cost ($273,073) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Student Financial Aid ($5,954,417) and Change in beneficial interest in trusts $228,199 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Postretirement-related changes other than net periodic cost $273,073 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student Financial Aid $5,954,417 1 1 1 The policy is published annually in the newspaper 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Albany Law School participates in the following Federal Financial Assistance programs and grants: Department of Education (Federal Work Study, Federal Family Education loans, and Perkins loans), US Department of Health and Human Services (Protection and Advocacy for Persons with Developmental Disabilities passed through NYS Commission on Quality of Care and Advocacy for Persons with Disabilities) and US Department of Treasury/Internal Revenue Service (Low Income Taxpayer Clinics) 1 1 Scholarships, fellowships and grants 281 5734495 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Each year, Albany Law School awards a number of merit and divesrity scholarships funded from restricted and unrestricted endowment funds, annual giving by alumni and friends, and other sources. The Admssions 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 donor 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 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Thomas F Guernsey 363851 0 0 0 20759 0 22050 0 10556 0 417216 0 0 0 Victor E Rauscher 174348 0 0 0 9006 0 15479 0 3829 0 202662 0 0 0 Connie Mayer 176027 0 0 0 759 0 18812 0 10556 0 206154 0 0 0 Paul Finkelman 236222 0 0 0 1165 0 19555 0 10559 0 267501 0 0 0 Sheldon W Halpern 214863 0 0 0 21212 0 19510 0 10559 0 266144 0 0 0 Patricia E Salkin 202789 0 0 0 16765 0 21909 0 10556 0 252019 0 0 0 Harold Dubroff 202793 0 0 0 352 0 5275 0 0 0 208420 0 0 0 Ira M Bloom 175930 0 0 0 24242 0 18300 0 7523 0 225995 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a All faculty members are allotted a discretionary spending account each year for travel, books, and memberships and dues and are required to submit support for all expenditures. The President and Dean receives a housing allowance and is provided with a membership to a local social club as part of his contractual agreement with Albany Law School. City of Albany Industrial Development Agency 522015750 012440JD6 2007-06-25 18947846 Refinancing and land purchase 0 0 18947846 1379543 15096040 0 378956 0 2093306 2007 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Kathe Klare Employee (Professor) & Spouse of Principal Officer 122964 Employee compensation 0 X 912300 Fair market value X 20 49062 Average market value X 1 589 Market value 0 0 1 0 F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 A copy of the 990 tax return is provided to each voting Board member prior to the filing of the return. A review of the return is conducted by the Vice President for Finance and Business with the Audit Committee and President at a regularly scheduled meeting of the Audit Committee. This review highlights significant aspects of the return. In addition, during a regularly scheduled meeting of the Board of Trustees, members are provided with a summary of the Audit Committee's tax return review. Both the Audit Committee and Board of Trustees meetings are conducted prior to the filing of the tax return. F990_P06_S0B_L12c 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 Interst 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 which 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Compensation 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 Compensation Committee with an annual self assessment for their review. In addition, the Committee utilized 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 Compensation 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 his direct reports (officers and key employees). The compensation review includes examining comparable compensation data for similar positions. F990_P06_S0C_L19 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. SchK_P02_S00_L01 Schedule K, Part II, Line 1 The information provided in Part II regarding the proceeds on Albany Law School's 6/25/2007 bond issue was obtained from IRS Form 8038 that was filed on 6/25/2007. SchK_P03_S00_L01 Schedule K, Part III, Line 1 Part III, Private Business Use, is not applicable to Albany Law School's 6//25/2007 bond issue; however, due to software limitations it was necessary to answer "no" on all questions in this section, as "not applicable" was not available as one of the options.