Form 990 for tax year 2024
Filed by ALBANY MEDICAL COLLEGE ALUMNI ASSOCIATION INC.
Totals
- Total revenue
- $659,711
- Total expenses
- $622,957
- Contributions and grants received
- $201,477
- Grants paid
- $135,475
- Program service revenue
- $0
- Investment income
- $518,714
- Other revenue
- -$60,480
- Total assets, end of year
- $7,489,170
- Total liabilities, end of year
- $9,829
- Net assets or fund balances, end of year
- $7,479,341
- Program services expenses (Part IX)
- $442,065
- Management and general expenses
- $180,892
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $442,065
Program services were 71.0% 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.
-
1c · Fundraising events
$37,420
-
1d · Related organizations
$140,000
-
1f · All other contributions, gifts and grants
$24,057
-
3 · Investment income
total $384,679 · excluded $384,679
-
7a · Gross sales of assets other than inventory
securities $2,006,771
-
7b · Less cost or other basis and sales expenses
securities $1,872,736
-
7c · Gain or loss
securities $134,035
-
7d · Net gain or loss
total $134,035 · excluded $134,035
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$37,420
-
8b · Fundraising events: direct expenses
$66,684
-
8c · Net income from fundraising events
total -$66,684 · excluded -$66,684
-
11a · Other revenue: MISCELLANEOUS INCOME
total $6,204 · excluded $6,204
-
11e · Other revenue, total
$6,204
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,262 · program services $25,262
-
2 · Grants to domestic individuals
total $110,213 · program services $110,213
-
7 · Other salaries and wages
total $291,182 · program services $218,387 · management and general $72,795
-
9 · Other employee benefits
total $1,295 · program services $971 · management and general $324
-
11c · Fees: accounting
total $24,259 · management and general $24,259
-
11f · Fees: investment management
total $55,140 · management and general $55,140
-
11g · Fees: other
total $5,128 · program services $5,128
-
12 · Advertising and promotion
total $30,727 · program services $30,727
-
13 · Office expenses
total $15,395 · program services $11,050 · management and general $4,345
-
16 · Occupancy
total $50,248 · program services $32,661 · management and general $17,587
-
17 · Travel
total $6,795 · program services $5,096 · management and general $1,699
-
19 · Conferences, conventions and meetings
total $1,068 · management and general $1,068
-
22 · Depreciation, depletion and amortization
total $1,337 · program services $1,337
-
24a · Other expenses: MINOR EQUIPMENT
total $2,286 · management and general $2,286
-
24b · Other expenses: MISCELLANEOUS
total $1,653 · program services $1,233 · management and general $420
-
24c · Other expenses: BANK CHARGES
total $969 · management and general $969
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,166 · end of year $18,051
-
4 · Accounts receivable
beginning of year $7,192 · end of year $9,276
-
10a · Land, buildings and equipment: cost or other basis
$19,566
-
10b · Land, buildings and equipment: accumulated depreciation
$17,166
-
10c · Land, buildings and equipment, net
beginning of year $3,737 · end of year $2,400
-
11 · Investments: publicly traded securities
beginning of year $5,626,101 · end of year $6,112,418
-
12 · Investments: other securities
beginning of year $1,057,056 · end of year $1,347,025
-
17 · Accounts payable and accrued expenses
beginning of year $12,036 · end of year $9,829
-
27 · Net assets without donor restrictions
beginning of year $3,489,570 · end of year $3,873,144
-
28 · Net assets with donor restrictions
beginning of year $3,196,646 · end of year $3,606,197
Mission and programs · 2024
Mission
THE AMC ALUMNI ASSOCIATION IS AN INDEPENDENT NON-PROFIT ORGANIZATION ORGANIZED TO SUPPORT LIFELONG RELATIONSHIPS WITH AND AMONG CURRENT AND FUTURE ALBANY MEDICAL COLLEGE ALUMNI. AS A COMMITTED PARTNER OF AMC, THE ASSOCIATION SUPPORTS AND ADVANCES THE MISSION OF THE COLLEGE OFFERING PROGRAMS AND SERVICES FOR OUR ALUMNI, FACULTY, AND STUDENTS.
Activities or mission (Part I)
TO PROVIDE INFORMATION AND ASSISTANCE TO STUDENTS AND ALUMNI OF ALBANY MEDICAL COLLEGE.
-
SCHOLARSHIPS - TO PROVIDE SCHOLARSHIPS AND AWARDS TO MEDICAL STUDENTS TO SUPPORT THEM WITH THEIR MEDICAL EDUCATION.
Expenses $110,213 · Grants $110,213
-
SPECIAL EVENTS - TO CONDUCT REGIONAL ALUMNI FUNCTIONS AND REUNION ACTIVITIES FOR ALUMNI ENGAGEMENT AND STUDENT RECOGNITION/DEVELOPMENT PROGRAMS AND ORIENTATION AND COMMENCEMENT EVENTS FOR MEDICAL STUDENTS.
Expenses $66,684
-
STUDENT SUPPORT - TO PROVIDE STUDENTS WITH TRAVEL STIPENDS WHEN PRESENTING AT CLINICAL CONFERENCES AND FOR STUDENT CLUBS, MENTORSHIP ACTIVITIES, VISITING ALUMNI PROGRAMS AND STUDENT GROUP EVENTS AND EDUCATIONAL INITIATIVES.
Expenses $265,168 · Grants $25,262
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Katharine E Halligan Ms PhD MDKATHARINE E HALLIGAN MS PHD MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David M Jones MDDAVID M JONES MD
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey D Hubbard MDJEFFREY D HUBBARD MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clifford Erickson MDCLIFFORD ERICKSON MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Anthony C Campagna MDANTHONY C CAMPAGNA MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ursula Matulonis MDURSULA MATULONIS MD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Helm MDTHOMAS HELM MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael Mueller Ms Pa-CMICHAEL MUELLER MS PA-C
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter Manes MDPETER MANES MD
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Mak MDANDREW MAK MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan S Nyquist MDALAN S NYQUIST MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Giovanna Mahar Crna DnapmsGIOVANNA MAHAR CRNA DNAPMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aleena Paul MD MBAALEENA PAUL MD MBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas A Tebor MDDOUGLAS A TEBOR MD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Garvey MDJOSEPH GARVEY MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Snyder MDTHOMAS SNYDER MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John Lamar PhDJOHN LAMAR PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arnold M Rosen MDARNOLD M ROSEN MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meridith J Englander MDMERIDITH J ENGLANDER MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna M Pietrocola MDDONNA M PIETROCOLA MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia T PisciottoPATRICIA T PISCIOTTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan Boulous MDALAN BOULOUS MD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Jason Mouzakes MDJASON MOUZAKES MD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Michael Mulligan MDMICHAEL MULLIGAN MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Roberts MDKEVIN ROBERTS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Sapio MDNANCY SAPIO MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra J DinotoSANDRA J DINOTO
EXECUTIVE DIRECTOR
- Total calculated
- $100,176
- From this org
- $0
- From related orgs
- $100,176
- Other
- $0
- Hours/week
- 40
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.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
- 2024
- Filed
- 25 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543009349301614
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