Albany Academy FY2021 filing

Tax-deductible

Albany, NY501(c)(3)Since 1813EIN 14-1338579

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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.
$731K 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

FY2021 · 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
$731K
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
$8.6M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.2M
+19% vs prior year
Spent
$19.8M
To programs
84%
Net assets
$50.1M
By yearFY2020–FY2025
Revenue
$27.2M
FY2021▲ +19%
Revenue by fiscal year
FY2020$22.8M
FY2021$27.2M
FY2022$21.2M
FY2023$19.9M
FY2024$21.1M
FY2025$23.4M
Expenses
$19.8M
FY2021-0.08%
Expenses by fiscal year
FY2020$19.9M
FY2021$19.8M
FY2022$21.7M
FY2023$22.3M
FY2024$23.2M
FY2025$22.5M
Net assets
$50.1M
FY2021▲ +13%
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 FY2021 Form 990 (year ending June 2021) · 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 14% · $2.8M Fundraising 2% · $417K

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

27 people listed on the 990; $731K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$223,087Pt VII · Sec A
Director of Institutional
$141,435Pt VII · Sec A
Aa Associate Head of Schoo
$126,746Pt VII · Sec A
$123,643Pt VII · Sec A
Human Resources Director
$116,491Pt 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.

Provided by the organization

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1 program service account for $16.7M of program spending, described in the organization's own filed words · FY2020.
01

To operate a school, prekindergarten to grade 12, and including post-graduate. Approximately 725 students served.

$16.7Mprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$27.2M
Ln 12
Fees for servicesLn 2g$16.8M
Investment incomeLn 3$6.9M
Gifts and grantsLn 1h$3.4M
Money outPt IX
$19.8M
Ln 25
Programscol B$16.7M
Managementcol C$2.8M
Fundraisingcol D$417K
Owns and owesPt X
$50.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$58.7M
LiabilitiesLn 26$8.6M
PeoplePt VI, VII
27
listed · VII A
PaidVII A5
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$31K
Fees for servicesLn 2g$16.8M
Investment incomeLn 3$6.9M
Other incomeLn 4–11$158K
Gains on assetsLn 7$6.5M
Total revenueLn 12$27.2M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$488K
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$30.4M
Land, buildings, equipmentLn 10c$15.6M
Other assetsLn 15$10.7M
Total assetsLn 16$58.7M
LiabilitiesLn 26$8.6M
Net assetsLn 32$50.1M
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 FY21End FY21
Cash and savingsLn 1–2$1.8M$1.9M
InvestmentsLn 11–13$27.5M$30.4M
Land, buildings, equipmentLn 10c$16.2M$15.6M
Total assetsLn 16$55.1M$58.7M
LiabilitiesLn 26$10.6M$8.6M
Net assetsLn 32$44.5M$50.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.3M$4.3M
Pay of current officers, directors and key staffLn 5$751K$144K$469K$139K
Other salaries and wagesLn 7$8.1M$6.9M$1.0M$178K
Pension plan contributionsLn 8$312K$248K$53K$11K
Other employee benefitsLn 9$843K$670K$143K$30K
Payroll taxesLn 10$646K$513K$110K$23K
Investment management feesLn 11f$88K$88K
Advertising and promotionLn 12$36K$880$35K
Office expensesLn 13$87K$25K$44K$18K
Information technologyLn 14$242K$94K$147K
OccupancyLn 16$388K$388K
TravelLn 17$10K$10K
InterestLn 20$217K$217K
Depreciation, depletion and amortizationLn 22$984K$984K
InsuranceLn 23$218K$218K
Other expenses (24a–d)Ln 24$1.8M$1.5M$312K$40K
All other expensesLn 24e$814K$512K$325K−$22K
Total functional expensesLn 25$19.8M$16.7M$2.8M$417K

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 Viewing $27.2M$19.8M$7.3M$50.1M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $27,181,105 across 9 lines filed
VIII-1e Government grants$1,873,887
VIII-1f All other contributions, gifts and grants$1,519,808
VIII-1g Noncash contributions (included above)$30,600
VIII-1h Total contributions, gifts and grants$3,393,695
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,611,932 · Unrelated business $152,651$16,764,583
VIII-3 Investment incomeExcluded from tax $414,990$414,990
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,450,010$6,450,010
VIII-8 Net income from fundraising eventsExcluded from tax $157,827$157,827
VIII-12 Total revenueRelated to mission $16,611,932 · Unrelated business $152,651 · Excluded from tax $7,022,827$27,181,105
Part IX · Statement of functional expenses $19,840,080 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $4,273,270$4,273,270
IX-5 Pay of current officers, directors and key staffPrograms $143,719 · Management $468,960 · Fundraising $138,662$751,341
IX-7 Other salaries and wagesPrograms $6,900,976 · Management $1,039,466 · Fundraising $177,618$8,118,060
IX-8 Pension plan contributionsPrograms $247,887 · Management $53,078 · Fundraising $11,129$312,094
IX-9 Other employee benefitsPrograms $669,573 · Management $143,371 · Fundraising $30,061$843,005
IX-10 Payroll taxesPrograms $512,911 · Management $109,826 · Fundraising $23,028$645,765
IX-11f Investment management feesManagement $87,894$87,894
IX-12 Advertising and promotionPrograms $880 · Management $35,280$36,160
IX-13 Office expensesPrograms $25,079 · Management $43,786 · Fundraising $18,490$87,355
IX-14 Information technologyPrograms $94,427 · Management $147,233$241,660
IX-16 OccupancyPrograms $388,014$388,014
IX-17 TravelPrograms $10,213$10,213
IX-20 InterestPrograms $216,946$216,946
IX-22 Depreciation, depletion and amortizationPrograms $983,722$983,722
IX-23 InsurancePrograms $218,490$218,490
IX-24 Other expenses (24a–d)Programs $1,459,964 · Management $312,059 · Fundraising $39,810$1,811,833
IX-24e All other expensesPrograms $511,708 · Management $324,548 · Fundraising −$21,998$814,258
IX-25 Total functional expensesPrograms $16,657,779 · Management $2,765,501 · Fundraising $416,800$19,840,080
Part X · Balance sheet $58,726,077 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,271,781$1,365,244
X-2 Savings and temporary cash investmentsStart of year $504,157$487,590
X-3 Pledges and grants receivableStart of year $221,312$197,068
X-10c Land, buildings and equipment, netStart of year $16,219,605$15,567,490
X-11 Publicly traded securitiesStart of year $27,492,573$30,433,727
X-15 Other assetsStart of year $9,381,632$10,674,958
X-16 Total assetsStart of year $55,091,060$58,726,077
X-17 Accounts payable and accrued expensesStart of year $1,289,678$1,328,812
X-19 Deferred revenueStart of year $968,721$358,270
X-25 Other liabilitiesStart of year $344,139$331,857
X-26 Total liabilitiesStart of year $10,639,088$8,636,278
X-27 Net assets without donor restrictionsStart of year $15,621,285$17,564,214
X-28 Net assets with donor restrictionsStart of year $28,830,687$32,525,585
X-32 Total net assets or fund balancesStart of year $44,451,972$50,089,799
X-33 Total liabilities and net assetsStart of year $55,091,060$58,726,077
Part XI · Reconciliation of net assets $50,089,799 net assets at year end
XI-1 Total revenue$27,181,105
XI-2 Total expenses$19,840,080
XI-3 Revenue less expenses$7,341,025
XI-4 Net assets at start of year$44,451,972
XI-5 Net unrealized gains (losses) on investments−$2,897,803
XI-7 Investment expenses−$87,894
XI-9 Other changes in net assets$1,282,499
XI-10 Net assets at end of year$50,089,799

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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