Albany Law School
- Assets
- $104.9m
- Revenue
- $39.2m
- Investments
- $0.0
- Employees
- 429
- Location
- Albany, NY
- Founding
- 08/1969
- Data as of
- 06/2022
- EIN
- 14-1338309
Organization Overview
Albany Law School is located in Albany, NY. The organization was established in 1969. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Albany Law School employed 429 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Law School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Albany Law School generated $39.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $40.1m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALBANY LAW SCHOOL EDUCATES AND EMPOWERS LAWYERS AND LEADERS THROUGH A RIGOROUS AND INNOVATIVE PROGRAM OF STUDY PROVIDING STUDENTS WITH THE KNOWLEDGE, VALUES, CRITICAL THINKING SKILLS, AND TRANSFORMATIONAL COMPETENCIES NECESSARY TO BECOME ETHICAL AND EFFECTIVE PROFESSIONALS IN A RAPIDLY CHANGING WORLD. OUR STUDENTS WILL PROMOTE THE RULE OF LAW, EQUITY, AND ACCESS TO JUSTICE IN THEIR PROFESSIONAL PURSUITS AND ADVANCE THEIR CAREERS USING A SOPHISTICATED UNDERSTANDING OF THE LAW TO IMPROVE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: ALBANY LAW SCHOOL HAS AN ENROLLMENT OF 600 FTES AND FULL TIME FACULTY OF 42. IN THE CURRENT FISCAL YEAR 164 DEGREES WERE AWARDED TO JD STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Ouellette President And Dean | Officer | 35 | $417,499 |
Victor E Rauscher Vice President For Finance And Business | Officer | 35 | $227,814 |
Connie Mayer Associate Dean For Academic Affairs | Officer | 35 | $199,079 |
Jeffrey Schanz Vice President For Institutional Advancement And Chief Of Staff | Officer | 35 | $175,006 |
David Pratt Faculty | 35 | $156,562 | |
Rosemary Queenan Associate Dean For Student Affairs | Officer | 35 | $154,855 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Audio-video Corporation Technology Equipment Supplier | 6/29/22 | $619,936 |
Janitronics Custodial Services | 6/29/22 | $374,237 |
Thomson Reuters Publishing Services | 6/29/22 | $354,684 |
University Heights Association Security | 6/29/22 | $320,248 |
Ellucian Information Technology | 6/29/22 | $244,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,602,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,880,860 |
| Noncash contributions included in lines 1a–1f | $130,718 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,483,195 |
| Total Program Service Revenue | $31,567,422 |
| Investment income | $1,767,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,863 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,116,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,157,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,535,551 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,208,901 |
| Compensation of current officers, directors, key employees. | $887,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,459,940 |
| Pension plan accruals and contributions | $509,029 |
| Other employee benefits | $1,409,450 |
| Payroll taxes | $798,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,114 |
| Fees for services: Accounting | $80,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,724 |
| Fees for services: Investment Management | $332,550 |
| Fees for services: Other | $856,396 |
| Advertising and promotion | $334,370 |
| Office expenses | $202,849 |
| Information technology | $580,701 |
| Royalties | $0 |
| Occupancy | $1,546,749 |
| Travel | $208,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,984 |
| Interest | $325,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,254,636 |
| Insurance | $122,369 |
| All other expenses | $802,123 |
| Total functional expenses | $40,144,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,627,303 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,363,944 |
| Accounts receivable, net | $1,104,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $859,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $408,753 |
| Net Land, buildings, and equipment | $15,732,124 |
| Investments—publicly traded securities | $69,981,662 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,871,014 |
| Total assets | $104,949,102 |
| Accounts payable and accrued expenses | $3,325,871 |
| Grants payable | $0 |
| Deferred revenue | $898,450 |
| Tax-exempt bond liabilities | $9,247,149 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $209,226 |
| Total liabilities | $13,680,696 |
| Net assets without donor restrictions | $34,682,433 |
| Net assets with donor restrictions | $56,585,973 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $104,949,102 |