Albany College Of Pharmacy And Health Sciences
- Assets
- $159.4m
- Revenue
- $62.2m
- Investments
- $580.2k
- Employees
- 787
- Location
- Albany, NY
- Founding
- 03/1926
- Data as of
- 06/2021
- EIN
- 14-1423161
Organization Overview
Albany College Of Pharmacy And Health Sciences is located in Albany, NY. The organization was established in 1926. 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 College Of Pharmacy And Health Sciences employed 787 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany College Of Pharmacy And Health Sciences 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 College Of Pharmacy And Health Sciences generated $62.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $62.9m during the year ending 06/2021. While expenses have increased by 1.5% 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.
Since 2015, Albany College Of Pharmacy And Health Sciences has awarded 20 individual grants totaling $1,242,205. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE EDUCATE THE NEXT GENERATION OF LEADERS TO IMPROVE THE HEALTH OF OUR SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES (ACPHS) EDUCATES STUDENTS FOR CAREERS IN HEALTH CARE AND THE LIFE SCIENCES INDUSTRY. THE COLLEGE HAS CAMPUSES IN ALBANY, NY AND COLCHESTER, VT. ACPHS OFFERS THE PROFESSIONAL DOCTOR OF PHARMACY PROGRAM (AVAILABLE ON BOTH CAMPUSES) AND FOUR-YEAR BACHELOR'S DEGREES IN BIOMEDICAL TECHNOLOGY, CLINICAL LABORATORY SCIENCES, MICROBIOLOGY, PHARMACEUTICAL SCIENCES, AND PUBLIC HEALTH. ACPHS ALSO HAS MASTER'S DEGREE PROGRAMS IN CLINICAL LABORATORY SCIENCES, CYTOTECHNOLOGY & MOLECULAR CYTOLOGY, MEDICAL SCIENCE AND BIOMANUFACTURING AND BIOPROCESSING, MOLECULAR BIOSCIENCES, AND PHARMACEUTICAL SCIENCES. IN ADDITION, STUDENTS MAY PURSUE JOINT DEGREES IN FIELDS THAT INCLUDE MEDICINE, LAW, AND BUSINESS THROUGH COOPERATIVE AGREEMENTS WITH PARTNER INSTITUTIONS. GRADUATES OF THE HEALTH SCIENCES PROGRAMS OFTEN PURSUE CAREERS IN THE BIOTECH, PHARMACEUTICAL, AND MEDICAL DIAGNOSTIC INDUSTRIES OR SEEK OUT OPPORTUNITIES WITH GOVERNMENT AGENCIES AND NON-PROFIT ORGANIZATIONS. HEALTH SCIENCES GRADUATES ARE ALSO WELL POSITIONED TO CONTINUE THEIR EDUCATION IN GRADUATE PROGRAMS (MASTER'S OR PH.D.) AS WELL AS PROFESSIONAL PROGRAMS (E.G., MEDICINE AND PHYSICIAN ASSISTANT STUDIES). PHARMACY GRADUATES ENJOY CAREERS IN COMMUNITY PHARMACY, HOSPITAL PHARMACY, LONG-TERM CARE, SPECIALTY PHARMACY AND THE PHARMACEUTICAL INDUSTRY, OR RELATED FIELDS SUCH AS HEALTH CARE MANAGEMENT AND HEALTH CARE I.T.IN 2020, ACPHS ANNOUNCED THE OPENING OF ITS NEW CENTER FOR BIOPHARMACEUTICAL EDUCATION AND TRAINING (CBET), A PURPOSE-BUILD BIOPROCESSING CENTER WITH THE GOAL OF EDUCATING STUDENTS THROUGH HANDS-ON PROJECTS RELATING TO BIOMANUFACTURING. UNDER GRADUATE STUDENTS WORKING TO ACHIEVE MICROBIOLOGY OR PHARMACEUTICAL SCIENCE DEGREES WILL HAVE THE OPPORTUNITY TO TAKE COURSES AT CBET, WHILE GRADUATE STUDENTS IN THE NEWLY CREATED MASTERS IN BIOMANUFACTURING AND BIOPROCESSING PROGRAM WILL CONDUCT MOST OF THEIR COURSEWORK AT THE CENTER. AS THE ONLY COLLEGE IN THE COUNTRY TO OWN AND OPERATE TWO PHARMACIES, ACPHS IS ABLE TO PROVIDE STUDENTS WITH UNIQUE OPPORTUNITIES TO LEARN THE ENTIRE RANGE OF PHARMACY OPERATIONS - FROM PATIENT CARE TO INVENTORY MANAGEMENT. THE COLLEGE ALSO PROVIDES SERVICES AT THE COLLABORATORY, "LABORATORY FOR COLLABORATION", PROVIDING PROGRAMS THAT ADDRESS SOCIAL JUSTICE AND SOCIAL DETERMINANTS OF HEALTH, WITH THE SHARED GOAL OF IMPROVING POPULATION HEALTH.
RESEARCH: RESEARCH IS A KEY COMPONENT OF THE ACADEMIC LIFE AT ACPHS. FACULTY AND STUDENTS AT THE COLLEGE ARE INVOLVED IN A WIDE RANGE OF RESEARCH PROJECTS, ACROSS CLINICAL, POPULATION HEALTH AND BASIC LIFE SCIENCES. THE COLLEGE OFFERS SPECIFIC PROGRAMS AND ACTIVITIES DESIGNED TO ENCOURAGE STUDENT RESEARCH. COMPLEMENTING THESE EFFORTS IS THE PHARMACEUTICAL RESEARCH INSTITUTE (PRI) AT ACPHS, A RESEARCH FACILITY DEDICATED TO THE DEVELOPMENT OF NANO-PHARMACEUTICAL AGENTS. PHARMACY STUDENTS, GRADUATE STUDENTS, AND VISITING SCHOLARS FROM AROUND THE WORLD VISIT PRI TO CONDUCT RESEARCH. BETWEEN THE ALBANY CAMPUS, VERMONT CAMPUS, AND PRI, THE COLLEGE HAS APPROXIMATELY 21,000 SQUARE FEET OF BENCH RESEARCH SPACE. ACPHS INVESTIGATORS BENEFIT FROM THE COLLEGE'S PROXIMITY TO OTHER RESEARCH-BASED INSTITUTIONS WHERE EXISTING RELATIONSHIPS ALLOW ACCESS TO ADDITIONAL EQUIPMENT, LABORATORY SPACE, AND POTENTIAL COLLABORATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dewey President | Officer | 40 | $451,177 |
Anuja Ghorpade Dean | Officer | 40 | $277,665 |
Shaker Mousa Vice Provost Of Research | 40 | $260,138 | |
Kamal Rashid Director | 40 | $195,286 | |
Vicki Dilorenzo VP Instituional Advancement | 40 | $183,532 | |
Michele Vien Vice President Of Finance | Officer | 40 | $178,301 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Serivces | 6/29/21 | $1,225,386 |
Gforce Janitoiral Llc Cleaning Services | 6/29/21 | $700,895 |
University Heights Association Inc Security | 6/29/21 | $1,004,007 |
160over90 Consulting | 6/29/21 | $199,985 |
Eyp Arcgutectyre & Engineering Pc Engineering Services | 6/29/21 | $627,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,473,795 |
| Investment income | $1,266,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,850 |
| Net Gain/Loss on Asset Sales | $1,284,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,205,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $13,929,656 |
| Grants and other assistance to Foreign Orgs/Individuals | $266,424 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $955,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,684,463 |
| Pension plan accruals and contributions | $1,069,361 |
| Other employee benefits | $2,628,083 |
| Payroll taxes | $1,499,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,570 |
| Fees for services: Accounting | $53,921 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $228,655 |
| Fees for services: Other | $1,620,369 |
| Advertising and promotion | $150,241 |
| Office expenses | $1,856,326 |
| Information technology | $550,574 |
| Royalties | $0 |
| Occupancy | $4,778,807 |
| Travel | $97,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $621,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,357,804 |
| Insurance | $412,025 |
| All other expenses | $0 |
| Total functional expenses | $62,883,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,907,851 |
| Pledges and grants receivable | $3,951,165 |
| Accounts receivable, net | $1,516,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,952,542 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $774,311 |
| Investments—publicly traded securities | $82,290,652 |
| Investments—other securities | $580,205 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,211,065 |
| Total assets | $159,389,370 |
| Accounts payable and accrued expenses | $2,998,956 |
| Grants payable | $1,961,658 |
| Deferred revenue | $6,864,848 |
| Tax-exempt bond liabilities | $18,878,958 |
| 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 | $8,221,955 |
| Total liabilities | $38,926,375 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $120,462,995 |
Grants Awarded
Over the last fiscal year, Albany College Of Pharmacy And Health Sciences has awarded $319,317 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: RESEARCH ON DECIPHERING THE MOLECULAR MECHANISMS OF HISTONE CODE RECOGNITION BY ATAD2/B | $251,631 |
VIRGINIA COMMONWEALTH UNIVERSITY PURPOSE: NOVEL PROBES FOR SIRTUINS: A CHEMICAL BIOLOGY APPROACH | $49,680 |
Gainesville, FL PURPOSE: RESEARCH ON THE ROLE OF HISTONE DEMETHYLASE KDM5B IN ETHANOL-INDUCED MICROGLIAL ACTIVATION | $14,585 |
Gainesville, FL PURPOSE: RESEARCH ON ROLE OF METHYLATION IN ETHANOL-INDUCED MICROGLIAL ACTIVATION | $3,421 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albany College Of Pharmacy And Health Sciences has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Peter J Palermo Tr Ua Dallas, TX PURPOSE: SCHOLARSHIPS | $5,000 |
Endowment Analysis
| Beg. Balance | $58,523,378 |
| Earnings | $16,594,641 |
| Net Contributions | $760,040 |
| Grants | $1,762,705 |
| Ending Balance | $74,115,354 |
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 |