Albany Medical College Alumni Association Inc

Organization Overview

Albany Medical College Alumni Association Inc is located in Albany, NY. The organization was established in 1965. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Medical College Alumni Association Inc 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 12/2021, Albany Medical College Alumni Association Inc generated $658.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $579.5k during the year ending 12/2021. While expenses have increased by 6.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE INFORMATION AND ASSISTANCE TO STUDENTS AND ALUMNI OF ALBANY MEDICAL COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS - TO PROVIDE SCHOLARSHIPS AND AWARDS TO MEDICAL STUDENTS TO SUPPORT THEM WITH THEIR MEDICAL EDUCATION.


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.


STUDENT SUPPORT - TO PROVIDE MEDICAL 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.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Sapio MD
Secretary
$0
Ursula Matulonis MD
President-Elect
$0
David M Jones MD
President
$0
Kevin Roberts MD
Director
$0
Peter Manes MD
Treasurer
$0
Evan Vosburgh MD
Past President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$140,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$35,518
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$175,518
Total Program Service Revenue$0
Investment income $241,292
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $242,467
Net Income from Fundraising Events -$6,937
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $658,627

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Albany Medical College Alumni Association Inc has recieved totaling $511,985.

Awarding OrganizationAmount
Albany Medical Center Group Organization

Albany, NY

PURPOSE: FUND SCHOLARSHIPS

$381,985
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$95,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,686,675
Earnings$690,917
Net Contributions$29,619
Grants-$110,898
Ending Balance$5,298,314

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