Albany Medical Center is located in Albany, NY. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2017, Albany Medical Center employed 58 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Albany Medical Center 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 12/2017, Albany Medical Center generated $2.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2017. While expenses have increased by 3.8% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
A FULLY LICENSED CHILD CARE CENTER BY THE NYS OFFICE OF CHILDREN AND FAMILY SERVICES, OUR MISSION IS TO MAINTAIN A CONTINUUM OF CHILD CARE THAT BEGINS AT HOME AND EXTENDS TO EVERY ASPECT OF OUR PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN FROM EIGHT WEEKS TO KINDERGARTEN AGE MAY ENROLL. EDUCATIONAL ACTIVITIES FOR THESE VARIED AGE GROUPS FOLLOW A DEVELOPMENTAL SEQUENCE WHICH INCLUDES AGE APPROPRIATE ACTIVITIES FOR THE DEVELOPMENT OF COGNITIVE SKILLS, FINE AND GROSS MOTOR SKILLS, SOCIAL-EMOTIONAL GROWTH AND ACTIVITIES OF DAILY LIVING SKILLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Catherine K Halakan Mbr Thru 6/17 | Trustee | 2 | $0 |
Vickey Masta-Gornic Chairperson | Trustee | 2 | $0 |
John W Herritage Board Member | Trustee | 2 | $0 |
Catherine Riddle Board Member | Trustee | 2 | $0 |
Robert Pistilli Board Member | Trustee | 2 | $0 |
Meghan Weygant Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,088,240 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $10,000 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,106,911 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,197,028 |
Pension plan accruals and contributions | $19,162 |
Other employee benefits | $123,887 |
Payroll taxes | $84,679 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $811 |
Fees for services: Other | $5,475 |
Advertising and promotion | $0 |
Office expenses | $18,054 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $240,391 |
Travel | $454 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $426 |
Payments to affiliates | $95,999 |
Depreciation, depletion, and amortization | $81,852 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,998,705 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,587 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $178,535 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,446,609 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $18,705 |
Total assets | $1,651,436 |
Accounts payable and accrued expenses | $50,187 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
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 | $671,761 |
Total liabilities | $721,948 |
Unrestricted restricted net Assets | $910,783 |
Temporarily restricted net Assets | $18,705 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $929,488 |