Albany College Of Pharmacy And Health Sciences
- Assets
- $143.4m
- Revenue
- $61.2m
- Investments
- $529.3k
- Employees
- 716
- Location
- Albany, NY
- Founding
- 03/1926
- Data as of
- 06/2022
- 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 06/2022, Albany College Of Pharmacy And Health Sciences employed 716 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 06/2022, Albany College Of Pharmacy And Health Sciences generated $61.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $65.1m during the year ending 06/2022. While expenses have increased by 2.0% 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 16 individual grants totaling $1,041,034. 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
2022
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
EDUCATIONAL PROGRAMS AND NEW VIBRANT BIOTECH HUB: LOCATED IN ALBANY, NEW YORK, ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES (ACPHS) EDUCATES STUDENTS FOR CAREERS IN HEALTH CARE AND THE LIFE SCIENCES INDUSTRIES. THE COLLEGE OFFERS THE PROFESSIONAL DOCTOR OF PHARMACY PROGRAM AND FOUR-YEAR BACHELOR'S DEGREES IN BIOMEDICAL TECHNOLOGY, CLINICAL LABORATORY SCIENCES, MICROBIOLOGY, PHARMACEUTICAL SCIENCES, AND PUBLIC HEALTH. ACPHS ALSO HAS MASTER'S PROGRAMS IN BIOMANUFACTURING AND BIOPROCESSING, BIOMEDICAL SCIENCES (POST BAC), CLINICAL LABORATORY SCIENCES, CYTOTECHNOLOGY & MOLECULAR CYTOLOGY, 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 PHD) AS WELL AS PROFESSIONAL PROGRAMS (E.G., MEDICINE AND PHYSICIAN ASSISTANT STUDIES). PHARMACY GRADUATES ENJOY CAREERS IN COMMUNITY PHARMACY, CLINICAL PHARMACY, HOSPITAL PHARMACY, LONG-TERM CARE, SPECIALTY PHARMACY, AND THE PHARMACEUTICAL INDUSTRY, OR RELATED FIELDS SUCH AS HEALTH CARE MANAGEMENT AND HEALTH CARE IT.BIOTECH HUB: FOLLOWING THE PURCHASE OF A BUILDING ALONG ALBANY'S MEDICAL CORRIDOR, ACPHS CUT THE RIBBON ON THE NEW HOME FOR ITS CENTER FOR BIOPHARMACEUTICAL EDUCATION AND TRAINING (CBET) IN OCTOBER 2022. A PURPOSE-BUILD BIOPROCESSING CENTER, CBET IS DESIGNED TO EDUCATE STUDENTS THROUGH HANDS-ON PROJECTS RELATING TO BIOMANUFACTURING.
RESEARCH: RESEARCH IS A KEY COMPONENT OF THE ACADEMIC LIFE AT ACPHS. THE COLLEGE IS AN ACTIVE RESEARCH ENVIRONMENT WITH $3 MILLION IN SPONSORED RESEARCH FUNDING.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, OFTEN AS EARLY AS THEIR FIRST YEAR. THE COLLEGE HAS APPROXIMATELY 81,000 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 |
|---|---|---|---|
Helen Ashuntantang Trustee | Trustee | 1 | $0 |
Leigh Briscoe-Dwyer Trustee | Trustee | 1 | $0 |
Paul Derohannessian Trustee | Trustee | 1 | $0 |
Christopher J Dilascia Trustee | Trustee | 1 | $0 |
Michael Duteau Trustee | Trustee | 1 | $0 |
Edward Enos Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bette & Cring Llc Contractor | 6/29/22 | $4,319,826 |
Chartwells Food Serivces | 6/29/22 | $1,648,574 |
University Heights Association Inc Security | 6/29/22 | $629,373 |
Ruffalo Noel Levitz Marketing Consultant | 6/29/22 | $585,504 |
Colonie Mechanical Contractors Inc Maintenance Service | 6/29/22 | $329,243 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,086 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,573,482 |
| Noncash contributions included in lines 1a–1f | $233,387 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,575,568 |
| Total Program Service Revenue | $56,605,513 |
| Investment income | $1,812,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,192 |
| Net Gain/Loss on Asset Sales | $510,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,244,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,053,686 |
| Grants and other assistance to Foreign Orgs/Individuals | $138,573 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,015,516 |
| Compensation of current officers, directors, key employees. | $481,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,922,168 |
| Pension plan accruals and contributions | $1,576,037 |
| Other employee benefits | $2,670,615 |
| Payroll taxes | $1,472,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,125 |
| Fees for services: Accounting | $88,219 |
| Fees for services: Lobbying | $55,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $259,182 |
| Fees for services: Other | $1,318,189 |
| Advertising and promotion | $155,461 |
| Office expenses | $1,798,801 |
| Information technology | $684,115 |
| Royalties | $0 |
| Occupancy | $4,825,064 |
| Travel | $267,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $585,929 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,282,336 |
| Insurance | $478,105 |
| All other expenses | $29,124 |
| Total functional expenses | $65,073,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,510,021 |
| Pledges and grants receivable | $3,514,510 |
| Accounts receivable, net | $1,935,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,277,326 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $653,114 |
| Net Land, buildings, and equipment | $43,625,191 |
| Investments—publicly traded securities | $69,918,376 |
| Investments—other securities | $529,250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,465,904 |
| Total assets | $143,429,386 |
| Accounts payable and accrued expenses | $3,158,351 |
| Grants payable | $1,722,117 |
| Deferred revenue | $5,862,167 |
| Tax-exempt bond liabilities | $17,923,464 |
| 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 | $9,628,628 |
| Total liabilities | $38,294,727 |
| Net assets without donor restrictions | $85,658,174 |
| Net assets with donor restrictions | $19,476,485 |
| 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 | $143,429,386 |
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 |
|---|---|
UNIVERSITY OF FLORIDA PURPOSE: RESEARCH ON ROLE OF METHYLATION IN ETHANOL-INDUCED MICROGLIAL ACTIVATION | $3,421 |
UNIVERSITY OF FLORIDA PURPOSE: RESEARCH ON THE ROLE OF HISTONE DEMETHYLASE KDM5B IN ETHANOL-INDUCED MICROGLIAL ACTIVATION | $14,585 |
UNIVERSITY OF VERMONT 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 |