2026-04-14T15:31:51-05:00 2025-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2024-07-01 141338579 THE ALBANY ACADEMIES INC ALBA 5184292460 140 ACADEMY ROAD ALBANY NY 12208 MICHAEL LASCH TREASURER 5183719582 2026-03-27 1 0 KEVIN TESTO P01435881 5184644080 2026-04-13 2024 2025-03-06 01:10:19Z MICHAEL LASCH 140 ACADEMY ROAD ALBANY NY 12208 27178175 0 X WWW.ALBANYACADEMIES.ORG X 1813 NY 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. 22 22 308 150 785083 1295 2705635 4032184 17557332 18289084 665163 837457 183315 235807 21111445 23394532 3588819 3377137 0 0 12322970 12515411 0 0 654261 7262970 6606801 23174759 22499349 -2063314 895183 55950329 60069550 9623221 10073703 46327108 49995847 X SEE SCHEDULE O 0 0 18137537 3377137 17504001 TO OPERATE A SCHOOL, PREKINDERGARTEN THROUGH GRADE 12. APPROXIMATELY 633 STUDENTS SERVED. 18137537 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 18 0 1 308 1 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X SUSAN PAUSLEY 5184292460 140 ACADEMY ROAD ALBANY NY 12208 ERIC LEWIS PHD PRESIDENT 1.00 X X 0 0 0 RICHARD WARD TRUSTEE 1.00 X 0 0 0 SARA STROPE TRUSTEE 1.00 X 0 0 0 ANDREW SAFRANKO TRUSTEE 1.00 X 0 0 0 ROBERT HIGGINS TRUSTEE 1.00 X 0 0 0 DAVID HOLLANDER TRUSTEE 1.00 X 0 0 0 DR KYLE FLIK TRUSTEE 1.00 X 0 0 0 JENNIFER AMSTUTZ TRUSTEE 1.00 X 0 0 0 ELISSA J SMITH TRUSTEE 1.00 X 0 0 0 MICHAEL LASCH TREASURER 1.00 X X 0 0 0 NICOLE BORISENOK KRASODOMSKI TRUSTEE 1.00 X 0 0 0 EILEEN TUCKER SPIRO TRUSTEE 1.00 X 0 0 0 GEOFFREY S PLANTE CPA PMP TRUSTEE 1.00 X 0 0 0 RICHARD FLAHERTY TRUSTEE 1.00 X 0 0 0 FRAN'CEE BROWN-MCCLURE TRUSTEE 1.00 X 0 0 0 NANCY WEKSELBAUM TRUSTEE 1.00 X 0 0 0 NEERAV PATEL TRUSTEE 1.00 X 0 0 0 CARON O'BRIEN CRUMMEY TRUSTEE 1.00 X 0 0 0 CARL BECKER TRUSTEE 1.00 X 0 0 0 KAARI STANNARD VICE PRESIDENT 1.00 X X 0 0 0 PETER KIM TRUSTEE 1.00 X 0 0 0 CARA MILDE TRUSTEE 1.00 X 0 0 0 VIVIAN BENTON CFO 40.00 X 137079 0 15171 CHRISTOPHER LAURICELLA HEAD OF SCHOOL 40.00 X 230449 0 19740 TRENT BENNETT SITE & SUPPORT SERVICE DIR 40.00 X 105818 0 0 CHRISTINE VAUGHAN DIRECTOR OF THE UPPER SCHOOL 40.00 X 142115 0 6332 SUZANNE GARDNER-CLARKSON DIRECTOR OF THE LOWER SCHOOL 40.00 X 107277 0 5329 JESSICA CHEN DIRECTOR OF THE INTERNATIONAL PROGRAM 40.00 X 106307 0 4426 PAUL GALLUCCI ATHLETIC DIRECTOR 40.00 X 103883 0 4364 932928 0 55362 7 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 897417 LECHASE CONSTRUCTION 220 HARBORSIDE DRIVE SCHENECTADY NY 12305 CONSTRUCTION SERVICES 676976 DURHAM SCHOOL SERVICES PO BOX 415347 BOSTON MA 022415347 BUSING 299847 TAG SOLUTIONS LLC 12 ELMWOOD ROAD ALBANY NY 12204 TECHNOLOGY SERVICE 245167 BLACKBAUD INC PO BOX 830413 PHILADELPHIA PA 191820413 TECHNOLOGY SERVICE 198764 5 623890 3408294 2910 4032184 TUITION 900099 16554169 16554169 AUXILIARY INCOME 900099 918803 133720 785083 OTHER SOURCE INCOME 900099 816112 816112 18289084 699989 699989 3835920 3698452 137468 137468 137468 320998 85191 235807 235807 23394532 17504001 785083 1073264 3377137 3377137 988239 988239 9485726 8348240 683184 454302 2041446 1628130 324715 88601 68764 68764 83160 1070 82090 119789 35642 51169 32978 240174 54866 185308 441167 441167 48341 30959 3508 13874 275772 275772 1048412 1048412 323095 323095 CAFETERIA EXPENSE 859456 859456 PROFESSIONAL SERVICES 635841 170789 461346 3706 CONTRACTED SERVICES 623403 239721 368062 15620 SUPPLIES 446381 387180 49441 9760 1393046 915901 441725 35420 22499349 18137537 3707551 654261 5075058 5561805 1154755 1938073 209350 325245 43832418 28474063 15258361 15358355 23519947 25337560 10732858 11548512 55950329 60069550 1559017 1432369 2147798 2678369 5578393 5656635 338013 306330 9623221 10073703 X 12799258 12746043 33527850 37249804 46327108 49995847 55950329 60069550 X 895183 2045898 727658 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 33177444 610850 3251859 1280846 35759307 30187276 152559 3936419 1098810 33177444 28478809 102597 2709775 1103905 30187276 32573242 466550 -3519907 1041076 28478809 27903056 967598 4665253 962665 32573242 0.10000 0.70000 0.20000 1 0 2500222 2500222 33912721 21896554 12016167 24054 24054 6981957 6207346 774611 413464 370163 43301 15358355 ACCRUED INTEREST RECEIVABLE, PREPAID EXPENSES, BOOKSTORE INVENTORY 401664 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 2216879 BENEFICIAL INTEREST IN PERPETUAL TRUST 8864964 OPERATING LEASE RIGHT OF USE ASSET 65005 11548512 LIABILITY UNDER CHARITABLE REMAINDER TRUST 7575 POSTRETIREMENT BENEFITS 233750 OPERATING LEASE LIABILITIES 65005 306330 22807378 2045898 -2564288 -518390 23325768 68764 68764 23394532 19138639 85191 85191 19053448 68764 3377137 3445901 22499349 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 141,178. CHANGE IN VALUE OF PERPETUAL TRUST 586,480. FINANCIAL AID -3,377,137. SPECIAL EVENT EXPENSE 85,191. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 85,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,377,137. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY IS NOTED ON ALL NEWSPAPER ADVERTISEMENTS AND ADMISSIONS BROCHURES. SPRING GATHERING 138580 138580 518 27670 5250 9629 LEGACY OF DREAMS 114598 114598 500 8845 5667 1 67820 67820 600 11980 11240 3292 320998 320998 1118 12480 47755 5250 18588 85191 235807 1 SCHOLARSHIPS 248 3377137 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 FORTY PERCENT OF THE STUDENT BODY RECEIVES FINANCIAL ASSISTANCE. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER LAURICELLA HEAD OF SCHOOL 230449 0 0 0 0 0 12180 0 7560 0 250189 0 0 0 VIVIAN BENTON CFO 137079 0 0 0 0 0 7611 0 7560 0 152250 0 0 0 ANDREW SAFRANKO ANDREW IS A BOARD MEMBER AND FORMER PRESIDENT OF BETH EMETH CONGREGATION 15000 THE SCHOOL ENTERS INTO CONTRACTS WITH BETH EMETH CONGREGATION REGARDING PARKING AND OTHER MATTERS 0 PETER CAMPITO PETER CAMPITO, BOARD MEMBER, OWNS AND OPERATES CAMPITO PLUMBING 22347 THE COMPANY PROVIDES PLUMBING AND HEATING SERVICES TO THE SCHOOL 0 X 10 FMV - NASDAQ 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ALBANY ACADEMIES IS A PRESCHOOL-GRADE 12 INDEPENDENT COLLEGE-PREPATORY 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. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES OUR FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL(S) WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND HAVE MADE ALL MANAGEMENT DECISIONS AND PERFORMED ALL MANAGEMENT FUNCTIONS. FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING WITH THE IRS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SUPPORTING SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE ACADEMIES. 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 141,178. CHANGE IN VALUE OF PERPETUAL TRUST 586,480. 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 THE PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 11B: AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES OUR FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL(S) WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND HAVE MADE ALL MANAGEMENT DECISIONS AND PERFORMED ALL MANAGEMENT FUNCTIONS. FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING WITH THE IRS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SUPPORTING SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE ACADEMIES. 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.