Albany Medical Center
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 58
- Location
- Albany, NY
- Founding
- 03/2014
- Data as of
- 12/2017
- EIN
- 22-2635792
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |