Albany Law School
- Assets
- $122.5m
- Revenue
- $40.2m
- Investments
- $0.0
- Employees
- 424
- Location
- Albany, NY
- Founding
- 08/1969
- Data as of
- 06/2021
- 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 06/2021, Albany Law School employed 424 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 06/2021, Albany Law School generated $40.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $36.7m during the year ending 06/2021. While expenses have increased by 6.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALBANY LAW SCHOOL EDUCATES AND EMPOWERS TOMORROW'S LEADERS, ENGAGED PROFESSIONALS, COMMITTED PUBLIC SERVANTS, INSPIRING COMMUNITY CHANGE-AGENTS, AND CREATIVE PROBLEM SOLVERS. WE CONNECT THE CLASSROOM TO THE PROFESSION, GOVERNMENT, AND THE COMMUNITY THROUGH EXPERIENCED-BASED LEARNING, ENGAGED SCHOLARSHIP, AND A ROBUST NETWORK OF ALUMNI AND SUPPORTERS. OUR STUDENTS DEVELOP A SOPHISTICATED UNDERSTANDING OF LEGAL POLICY AND DOCTRINE, A BROAD RANGE OF PROFESSIONAL COMPETENCIES, AND A DEEP COMMITMENT TO JUSTICE AND ETHICAL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: ALBANY LAW SCHOOL HAS AN ENROLLMENT OF 567 FTES AND FULL TIME FACULTY OF 40. IN THE CURRENT FISCAL YEAR 166 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 | $419,978 |
Victor E Rauscher Vice President For Finance And Business | Officer | 35 | $239,316 |
Connie Mayer Associate Dean For Academic Affairs | Officer | 35 | $199,885 |
Rosemary Queenan Associate Dean For Student Affairs | Officer | 35 | $167,515 |
Mary Lynch Faculty | 35 | $166,198 | |
Anthony Farley Faculty | 35 | $166,009 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Heights Association Security | 6/29/21 | $459,017 |
Janitronics Custodial Services | 6/29/21 | $315,401 |
Thomson Reuters Publishing Services | 6/29/21 | $352,166 |
Audio-video Corporation Technology Equipment Supplier | 6/29/21 | $276,171 |
Ellucian Information Technology | 6/29/21 | $251,531 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,735,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,021,701 |
| Noncash contributions included in lines 1a–1f | $1,560,576 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,757,254 |
| Total Program Service Revenue | $28,565,193 |
| Investment income | $1,376,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,170 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,346,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,164,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,055,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,171,216 |
| Compensation of current officers, directors, key employees. | $864,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,690,559 |
| Pension plan accruals and contributions | $478,297 |
| Other employee benefits | $1,316,172 |
| Payroll taxes | $729,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,614 |
| Fees for services: Accounting | $80,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,575 |
| Fees for services: Investment Management | $314,711 |
| Fees for services: Other | $699,806 |
| Advertising and promotion | $284,569 |
| Office expenses | $151,931 |
| Information technology | $497,092 |
| Royalties | $0 |
| Occupancy | $1,336,826 |
| Travel | $50,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,382 |
| Interest | $354,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,265,835 |
| Insurance | $122,369 |
| All other expenses | $733,720 |
| Total functional expenses | $36,701,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,590,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,030,001 |
| Accounts receivable, net | $923,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,168,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $527,223 |
| Net Land, buildings, and equipment | $16,379,415 |
| Investments—publicly traded securities | $81,772,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,091,371 |
| Total assets | $122,483,245 |
| Accounts payable and accrued expenses | $4,051,134 |
| Grants payable | $0 |
| Deferred revenue | $898,133 |
| Tax-exempt bond liabilities | $10,061,810 |
| 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 | $583,601 |
| Total liabilities | $15,594,678 |
| Net assets without donor restrictions | $41,030,890 |
| Net assets with donor restrictions | $65,857,677 |
| 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 | $122,483,245 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albany Law School has recieved totaling $1,250.
| Awarding Organization | Amount |
|---|---|
Renaissance Corporation Of Albany Albany, NY PURPOSE: GENERAL | $1,250 |
Endowment Analysis
| Beg. Balance | $58,690,592 |
| Earnings | $15,429,356 |
| Admin Expense | $273,738 |
| Net Contributions | $3,463,500 |
| Other Expense | $1,231,344 |
| Grants | $3,504,185 |
| Ending Balance | $72,574,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
New England Law Boston Boston, MA | $111,835,752 | $46,208,385 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |