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← ALBANY LAW SCHOOL

Form 990 for tax year 2022

Filed by ALBANY LAW SCHOOL.

Totals

Total revenue
$38,555,381
Total expenses
$44,162,845
Contributions and grants received
$3,715,833
Grants paid
$18,483,191
Program service revenue
$32,687,918
Investment income
$1,860,736
Other revenue
$290,894
Total assets, end of year
$105,565,802
Total liabilities, end of year
$13,287,540
Net assets or fund balances, end of year
$92,278,262
Program services expenses (Part IX)
$35,913,974
Management and general expenses
$6,788,374
Fundraising expenses
$1,460,497
Program service expenses (Part III)
$35,913,974

Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,472,079

  • 1f · All other contributions, gifts and grants

    $2,243,754

  • 1g · Noncash contributions included above

    $130,718

  • 2a · Program service revenue: Tuition and fees

    total $32,633,556 · related or exempt $32,633,556 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Income on student loans

    total $46,421 · related or exempt $46,421 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Bookstore

    total $7,941 · related or exempt $7,941 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,977,066 · related or exempt $1,977,066 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $17,363 · related or exempt $17,363 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $11,518,801 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $11,635,131 · other assets $0

  • 7c · Gain or loss

    securities -$116,330 · other assets $0

  • 7d · Net gain or loss

    total -$116,330 · related or exempt -$116,330 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $273,531 · related or exempt $273,531 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $273,531

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $18,483,191 · program services $18,483,191

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,238,446 · program services $65,223 · management and general $983,498 · fundraising $189,725

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $11,945,267 · program services $9,628,695 · management and general $1,780,570 · fundraising $536,002

  • 8 · Pension plan contributions

    total $588,652 · program services $445,301 · management and general $110,947 · fundraising $32,404

  • 9 · Other employee benefits

    total $1,431,712 · program services $1,083,056 · management and general $269,844 · fundraising $78,812

  • 10 · Payroll taxes

    total $921,479 · program services $697,077 · management and general $173,677 · fundraising $50,725

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $54,990 · program services $0 · management and general $54,990 · fundraising $0

  • 11c · Fees: accounting

    total $86,249 · program services $0 · management and general $86,249 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $9,040 · fundraising $9,040

  • 11f · Fees: investment management

    total $272,838 · program services $0 · management and general $272,838 · fundraising $0

  • 11g · Fees: other

    total $1,199,685 · program services $293,129 · management and general $705,367 · fundraising $201,189

  • 12 · Advertising and promotion

    total $508,851 · program services $475,214 · management and general $33,637 · fundraising $0

  • 13 · Office expenses

    total $209,822 · program services $98,919 · management and general $89,396 · fundraising $21,507

  • 14 · Information technology

    total $632,061 · program services $0 · management and general $632,061 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,740,934 · program services $1,493,478 · management and general $216,189 · fundraising $31,267

  • 17 · Travel

    total $410,272 · program services $161,151 · management and general $207,273 · fundraising $41,848

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $350,921 · program services $113,685 · management and general $24,393 · fundraising $212,843

  • 20 · Interest

    total $295,371 · program services $262,881 · management and general $26,583 · fundraising $5,907

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,244,789 · program services $1,107,862 · management and general $112,031 · fundraising $24,896

  • 23 · Insurance

    total $122,369 · program services $110,699 · management and general $9,548 · fundraising $2,122

  • 24a · Other expenses: Library

    total $812,332 · program services $812,332 · management and general $0 · fundraising $0

  • 24b · Other expenses: Student services

    total $477,068 · program services $224,301 · management and general $252,767 · fundraising $0

  • 24c · Other expenses: Printing

    total $85,482 · program services $25,049 · management and general $57,668 · fundraising $2,765

  • 24d · Other expenses: Memberships and dues

    total $146,355 · program services $72,675 · management and general $72,765 · fundraising $915

  • 24e · All other expenses

    total $894,669 · program services $260,056 · management and general $616,083 · fundraising $18,530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,627,303 · end of year $4,085,622

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $6,363,944 · end of year $5,253,817

  • 4 · Accounts receivable

    beginning of year $1,104,377 · end of year $783,944

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $859,925 · end of year $513,488

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $408,753 · end of year $256,962

  • 10a · Land, buildings and equipment: cost or other basis

    $55,899,592

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,043,958

  • 10c · Land, buildings and equipment, net

    beginning of year $15,732,124 · end of year $14,855,634

  • 11 · Investments: publicly traded securities

    beginning of year $69,981,662 · end of year $75,098,392

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,871,014 · end of year $4,717,943

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,325,871 · end of year $3,861,404

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $898,450 · end of year $998,649

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,247,149 · end of year $8,427,487

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $209,226 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $34,682,433 · end of year $33,139,298

  • 28 · Net assets with donor restrictions

    beginning of year $56,585,973 · end of year $59,138,964

Mission and programs · 2022

Mission

Higher education: Albany Law School is an institution of higher education that provides instructional and educational activities singularly focused on the study of law. Completion of the programs by students culminates in the awarding of one of three degrees (J.D., LLM or Masters) in the area of law.

Activities or mission (Part I)

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $35,913,974 · Grants $18,483,191 · Revenue $32,687,818

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Alicia Ouellette

    President and Dean

    Total calculated
    $449,757
    From this org
    $422,154
    From related orgs
    $0
    Other
    $27,603
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $420,048
    Bonus
    $0
    Other
    $29,106
    Deferred
    $15,250
    Nontaxable benefits
    $12,353
    Filer's total
    $476,757
  • Victor E Rauscher

    Vice President for Finance and Business

    Total calculated
    $283,757
    From this org
    $258,366
    From related orgs
    $0
    Other
    $25,391
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $250,036
    Bonus
    $0
    Other
    $35,329
    Deferred
    $12,743
    Nontaxable benefits
    $12,648
    Filer's total
    $310,756
  • Jeffrey Schanz

    Vice President for Institutional Advancement and Chief of Staff

    Total calculated
    $254,821
    From this org
    $217,152
    From related orgs
    $0
    Other
    $37,669
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $175,131
    Bonus
    $0
    Other
    $42,021
    Deferred
    $25,001
    Nontaxable benefits
    $28,443
    Filer's total
    $270,596
  • Connie Mayer

    Faculty

    Total calculated
    $217,561
    From this org
    $197,404
    From related orgs
    $0
    Other
    $20,157
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $188,873
    Bonus
    $0
    Other
    $13,732
    Deferred
    $9,149
    Nontaxable benefits
    $11,008
    Filer's total
    $222,762
  • Keith Hirokawa

    Faculty

    Total calculated
    $201,755
    From this org
    $164,524
    From related orgs
    $0
    Other
    $37,231
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $163,550
    Bonus
    $0
    Other
    $2,513
    Deferred
    $7,702
    Nontaxable benefits
    $29,529
    Filer's total
    $203,294
  • David Pratt

    Faculty

    Total calculated
    $199,570
    From this org
    $165,246
    From related orgs
    $0
    Other
    $34,324
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $162,761
    Bonus
    $0
    Other
    $25,943
    Deferred
    $7,820
    Nontaxable benefits
    $26,505
    Filer's total
    $223,029
  • Rosemary Queenan

    Associate Dean for Academic Affairs

    Total calculated
    $198,116
    From this org
    $160,012
    From related orgs
    $0
    Other
    $38,104
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $159,259
    Bonus
    $0
    Other
    $27,753
    Deferred
    $8,492
    Nontaxable benefits
    $29,613
    Filer's total
    $225,117
  • Patrick Connors

    Faculty

    Total calculated
    $180,788
    From this org
    $172,255
    From related orgs
    $0
    Other
    $8,533
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,340
    Bonus
    $0
    Other
    $28,915
    Deferred
    $8,533
    Nontaxable benefits
    $0
    Filer's total
    $207,788
  • Mary Lynch

    Faculty

    Total calculated
    $174,957
    From this org
    $164,659
    From related orgs
    $0
    Other
    $10,298
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $162,599
    Bonus
    $0
    Other
    $25,059
    Deferred
    $7,969
    Nontaxable benefits
    $2,329
    Filer's total
    $197,956
  • Jenean Taranto

    Associate Dean for Student Affairs

    Total calculated
    $157,331
    From this org
    $120,771
    From related orgs
    $0
    Other
    $36,560
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $118,593
    Bonus
    $0
    Other
    $21,678
    Deferred
    $6,071
    Nontaxable benefits
    $30,489
    Filer's total
    $176,831
  • Debra B Treyz

    Trustee - Chair

    Total calculated
    $0
    Hours/week
    2
  • Dan S Grossman

    Trustee - Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Andrea L Colby

    Trustee - Secretary

    Total calculated
    $0
    Hours/week
    2
  • Timothy D O'Hara

    Trustee - Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Jeanine Arden-Ornt

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • James N Benedict

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Keiki-Michael Cabanos

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Robert L Capers

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • William J Curry

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Jon A Dorf

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Justice Elizabeth A Garry

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Denise V Gonick

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • James E Hacker

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • J K Hage III

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Paul Harding

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • J Kevin McCarthy

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • David E McCraw

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Amy F Melican

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Sean M Murphy

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Daniel P Nolan

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Petillo-Decossard

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Dianne R Phillips

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Stephen J Rehfuss

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Christina L Ryba

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • James J Sandman

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • William F Schwitter Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Katherine M Sheehan

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Christine G Stone

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Bruce Stuart

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Kathryn L Tabner

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Dale M Thuillez

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Frank P Willey

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Jack Withiam

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Mark Chieco

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Benjamin Wolf

    Trustee

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
All faculty members are allotted a discretionary spending account each year for travel, books, memberships and dues. Support for all expenditures is required to be submitted. The President and Dean is provided membership to a social club as part of the contractual agreement with Albany Law School.
Schedule J, Part I, Line 4
Albany Law School has established a Non-Qualified Deferred Compensation Plan under Section 457(f) of the Code. The President and Dean is eligible for the plan and for the year ended June 30, 2023 $375,000was recognized as expense for the plan.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202421179349301347

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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