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← UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION.

Totals

Total revenue
$6,612,898
Total expenses
$7,862,193
Contributions and grants received
$309,685
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • FARDIN SANAI

    SECRETARY

    Total calculated
    $18,120
    From this org
    $0
    From related orgs
    $18,120
    Other
    $0
    Hours/week
    1 + 5 related

  • EDWARD SWYER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GEORGE HEARST

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFFREY BLACK

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TODD FOREMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMY KNAPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HAVIDAN RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN STRAUGHTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD MCGINN JR

    EXECUTIVE DIRECTOR

    Total calculated
    $252,425
    From this org
    $0
    From related orgs
    $227,731
    Other
    $24,694
    Hours/week
    13.13 + 24.37 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,296 related
    Bonus
    $0
    Other
    $0 + $13,435 related
    Deferred
    $0 + $22,698 related
    Nontaxable benefits
    $0 + $1,996 related
    Filer's total
    $0 + $252,425 related

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 — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION COMPENSATION FOR THE RELATED ORGANIZATION, THE UNIVERSITY AT ALBANY FOUNDATION (FOUNDATION), IS BASED ON DATA FOR COMPARABLE POSITIONS AT THE FOUNDATION'S FINANCE COMMITTEE, AND APPROVED BY THE FOUNDATION'S SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY EXECUTIVE COMMITTEE, THROUGH THE BUDGET PROCESS.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202531299349301513

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