Albany Academy FY2020 filing

Tax-deductible

Albany, NY501(c)(3)Since 1813EIN 14-1338579Revenue $22.8M in FY2020

On file with the IRSalbanyacademies.org135 Academy Rd, 12208-3105 · Albany, NYTax-exempt since Jul 1945Governmental unit — 170(b)(1)(A)(v)

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1. To operate and maintain an early childhood co-education program forchildren three and four years of age.2. To operate and maintain an early childhood education program forgirls four and five years of age, a kindergarten for five-year oldgirls, a grade one through four primary school for girls and a gradefive 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 forboys 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 fivethrough 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 schoolwith both single-gender and co-educational programs.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$739K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.0M a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$739K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $1.0M
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.6M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.8M
Spent
$19.9M
To programs
84%
Net assets
$44.5M
By yearFY2020–FY2025
Revenue
$22.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$22.8M
FY2021$27.2M
FY2022$21.2M
FY2023$19.9M
FY2024$21.1M
FY2025$23.4M
Expenses
$19.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$19.9M
FY2021$19.8M
FY2022$21.7M
FY2023$22.3M
FY2024$23.2M
FY2025$22.5M
Net assets
$44.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$44.5M
FY2021$50.1M
FY2022$44.4M
FY2023$44.7M
FY2024$46.3M
FY2025$50.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $16.7M Management & general 13% · $2.7M Fundraising 2% · $433K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $739K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$228,326Pt VII · Sec A
Director of Institutional
$137,742Pt VII · Sec A
$130,283Pt VII · Sec A
Aa Associate Head of School
$123,510Pt VII · Sec A
Aag Associate Head of School
$118,680Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christopher Lauricella$230,449$222,784$217,928$237,797$223,087$228,326
Ann Wendth—$108,620$146,989$143,739$141,435$137,742
Christine Vaughan$142,115—————
Vivian Benton$137,079$132,016$127,441$67,783——
Pamela Macaffer———$76,170$123,643$130,283
M Scott Milliken———$127,492$126,746$123,510
David Lester——$112,773$118,992$116,491—
Donna Jo Ruggiero—————$118,680

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children from preschool through middle school, with co-educational options.

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Provided by the organization

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1 program · $16.7M · in their own filed words · FY2019
01

To operate a school, prekindergarten through grade 12. Approximately 762 served.

$16.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 6 grants · $23.3M · 2019–2024
Unitemized GrantFY2024$3,377,137
Unitemized GrantFY2023$3,588,819
Unitemized GrantFY2022$3,790,746
Unitemized GrantFY2021$4,137,433
Unitemized GrantFY2020$4,273,270
Unitemized GrantFY2019$4,083,588

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$22.8M
Ln 12
Fees for servicesLn 2g$17.3M
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$636K
Money outPt IX
$19.9M
Ln 25
Programscol B$16.7M
Managementcol C$2.7M
Fundraisingcol D$433K
Owns and owesPt X
$44.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$55.1M
LiabilitiesLn 26$10.6M
PeoplePt VI, VII
26
listed · VII A
PaidVII A5
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Noncash giftsLn 1g$105K
Fees for servicesLn 2g$17.3M
Investment incomeLn 3$636K
Other incomeLn 4–11$190K
Gains on assetsLn 7$166K
Total revenueLn 12$22.8M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$504K
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$27.5M
Land, buildings, equipmentLn 10c$16.2M
Other assetsLn 15$9.4M
Total assetsLn 16$55.1M
LiabilitiesLn 26$10.6M
Net assetsLn 32$44.5M
OperationsPt I, VI
EmployeesI 5305
VolunteersI 6250
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.4M$1.8M
InvestmentsLn 11–13$24.7M$27.5M
Land, buildings, equipmentLn 10c$16.0M$16.2M
Total assetsLn 16$51.9M$55.1M
LiabilitiesLn 26$10.6M$10.6M
Net assetsLn 32$41.3M$44.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.1M$4.1M
Pay of current officers, directors and key staffLn 5$785K$261K$384K$139K
Other salaries and wagesLn 7$8.3M$7.1M$996K$173K
Pension plan contributionsLn 8$348K$283K$53K$12K
Other employee benefitsLn 9$810K$717K$63K$30K
Payroll taxesLn 10$659K$536K$100K$23K
Investment management feesLn 11f$66K$66K
Advertising and promotionLn 12$45K$419$44K
Office expensesLn 13$122K$31K$62K$28K
Information technologyLn 14$214K$74K$140K
OccupancyLn 16$377K$377K
TravelLn 17$41K$33K$2K$6K
InterestLn 20$227K$227K
Depreciation, depletion and amortizationLn 22$967K$967K
InsuranceLn 23$213K$213K
Other expenses (24a–d)Ln 24$1.7M$1.3M$356K$19K
All other expensesLn 24e$933K$516K$414K$4K
Total functional expensesLn 25$19.9M$16.7M$2.7M$433K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $23.4M$22.5M$895K$50.0M 990 PDF
FY2024 $21.1M$23.2M−$2.1M$46.3M 990 PDF
FY2023 $19.9M$22.3M−$2.4M$44.7M 990 PDF
FY2022 $21.2M$21.7M−$502K$44.4M 990 PDF
FY2021 $27.2M$19.8M$7.3M$50.1M 990 PDF
FY2020 Viewing $22.8M$19.9M$3.0M$44.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $22,822,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,538,037$4,708,822
I-9 Program service revenuePrior year $17,626,205$17,288,526
I-10 Investment incomePrior year $1,343,889$635,997
I-11 Other revenuePrior year $204,588$189,538
I-12 Total revenuePrior year $20,712,719$22,822,883
I-13 Grants and similar amounts paidPrior year $3,996,649$4,083,588
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,871,424$10,917,308
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,216,560$4,854,085
I-18 Total expensesPrior year $20,084,633$19,854,981
I-19 Revenue less expensesPrior year $628,086$2,967,902
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $22,822,883 across 8 lines filed
VIII-1f All other contributions, gifts and grants$4,708,822
VIII-1g Noncash contributions (included above)$104,980
VIII-1h Total contributions, gifts and grants$4,708,822
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,718,076 · Unrelated business $570,450$17,288,526
VIII-3 Investment incomeExcluded from tax $469,664$469,664
VIII-7 Net gain or loss on sales of assetsExcluded from tax $166,333$166,333
VIII-8 Net income from fundraising eventsExcluded from tax $189,538$189,538
VIII-12 Total revenueRelated to mission $16,718,076 · Unrelated business $570,450 · Excluded from tax $825,535$22,822,883
Part IX · Statement of functional expenses $19,854,981 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $4,083,588$4,083,588
IX-5 Pay of current officers, directors and key staffPrograms $261,305 · Management $384,439 · Fundraising $139,245$784,989
IX-7 Other salaries and wagesPrograms $7,146,537 · Management $995,953 · Fundraising $172,764$8,315,254
IX-8 Pension plan contributionsPrograms $283,463 · Management $52,821 · Fundraising $11,939$348,223
IX-9 Other employee benefitsPrograms $717,035 · Management $62,614 · Fundraising $30,201$809,850
IX-10 Payroll taxesPrograms $536,437 · Management $99,961 · Fundraising $22,594$658,992
IX-11f Investment management feesManagement $65,695$65,695
IX-12 Advertising and promotionPrograms $419 · Management $44,374$44,793
IX-13 Office expensesPrograms $31,441 · Management $62,244 · Fundraising $27,908$121,593
IX-14 Information technologyPrograms $74,161 · Management $140,238$214,399
IX-16 OccupancyPrograms $376,644$376,644
IX-17 TravelPrograms $33,306 · Management $1,691 · Fundraising $6,118$41,115
IX-20 InterestPrograms $226,851$226,851
IX-22 Depreciation, depletion and amortizationPrograms $966,749$966,749
IX-23 InsurancePrograms $212,609$212,609
IX-24 Other expenses (24a–d)Programs $1,275,923 · Management $355,599 · Fundraising $18,846$1,650,368
IX-24e All other expensesPrograms $515,518 · Management $413,914 · Fundraising $3,837$933,269
IX-25 Total functional expensesPrograms $16,741,986 · Management $2,679,543 · Fundraising $433,452$19,854,981
Part X · Balance sheet $55,091,060 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $832,969$1,271,781
X-2 Savings and temporary cash investmentsStart of year $568,229$504,157
X-3 Pledges and grants receivableStart of year $282,569$221,312
X-10c Land, buildings and equipment, netStart of year $15,990,059$16,219,605
X-11 Publicly traded securitiesStart of year $24,679,651$27,492,573
X-15 Other assetsStart of year $9,563,077$9,381,632
X-16 Total assetsStart of year $51,916,554$55,091,060
X-17 Accounts payable and accrued expensesStart of year $2,203,170$1,289,678
X-19 Deferred revenueStart of year $1,465,489$968,721
X-25 Other liabilitiesStart of year $498,767$344,139
X-26 Total liabilitiesStart of year $10,588,591$10,639,088
X-27 Net assets without donor restrictionsStart of year $12,098,142$15,621,285
X-28 Net assets with donor restrictionsStart of year $29,229,821$28,830,687
X-32 Total net assets or fund balancesStart of year $41,327,963$44,451,972
X-33 Total liabilities and net assetsStart of year $51,916,554$55,091,060
Part XI · Reconciliation of net assets $44,451,972 net assets at year end
XI-1 Total revenue$22,822,883
XI-2 Total expenses$19,854,981
XI-3 Revenue less expenses$2,967,902
XI-4 Net assets at start of year$41,327,963
XI-5 Net unrealized gains (losses) on investments$289,742
XI-9 Other changes in net assets−$133,635
XI-10 Net assets at end of year$44,451,972

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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