Albany College of Pharmacy and Health Sciences
85% goes to programs $207 to raise $100 Strong reserves
Albany College of Pharmacy and Health Sciences is a 501(c)(3) organization based in Albany, New York, registered in 1926, with $61,795,880 in FY2023 revenue. CharityIndex grades it C, and it directs about 85% of spending to programs.
106 New Scotland Ave, Albany, NY, 12208 EIN 14-1423161 Since 1926
Revenue (FY2023)
$61.8M
▼ 5.1% vs prior year
Education median: $200K
Expenses (FY2023)
$65.8M
Net assets
$102.5M
Employees
682
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating85% to programs · $207 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Albany College of Pharmacy and Health Sciences: 85% to programs · $207 to raise $100 earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating19 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albany College of Pharmacy and Health Sciences: 19 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Albany College of Pharmacy and Health Sciences: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albany College of Pharmacy and Health Sciences: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We educate the next generation of leaders to improve the health of our society.
What they do
Research: research is a key component of the academic life at acphs. the college is an active research environment with $5.3 million in research and sponsored projects.faculty and students at the college are involved in a wide range of research projects, across clinical, population health and basic life sciences. the college offers specific programs and activities designed to encourage student research, often as early as their first year. the college has approximately 81,000 square feet of bench research space. acphs investigators benefit from the college's proximity to other research-based institutions where existing relationships allow access to additional equipment, laboratory space, and potential collaborators.acphs also hosts a research commons which encompasses digitized research and scholarship generated by the college's faculty, students, and staff.
Contact & location
- Address
- 106 New Scotland Ave, Albany, NY, 12208
- City
- Albany
- State
- New York
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue held steady from $61.4M (FY2013) to $61.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $37.7MNet assets $102.5M
Operating margin
-6.5%
Spent more than it raised in the latest fiscal year.
Total assets
$140.2M
Total liabilities
$37.7M
Net assets
$102.5M
Salaries & benefits
$23.8M
36% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,795,880▼5.1% | $65,816,758▼0.1% | $102,455,257▼1.0% | $140,195,206▼3.0% | 990 |
| 2022 | $65,144,183▲6.4% | $65,906,803▲1.3% | $103,485,512▼1.6% | $144,542,300▲0.8% | 990 |
| 2021 | $61,244,445▼1.5% | $65,073,123▲3.5% | $105,134,659▼12.7% | $143,429,386▼10.0% | 990 |
| 2020 | $62,205,490▼10.1% | $62,883,458▼2.3% | $120,462,995▲15.2% | $159,389,370▲14.5% | 990 |
| 2019 | $69,163,320▲6.2% | $64,340,517▲1.5% | $104,564,578▲2.7% | $139,172,038▲0.4% | 990 |
| 2018 | $65,126,761▲5.3% | $63,364,042▲7.0% | $101,846,679▲3.1% | $138,579,849▲2.4% | 990 |
| 2017 | $61,868,368▲5.4% | $59,235,441▲3.4% | $98,753,129▲5.3% | $135,384,125▲2.9% | 990 |
| 2016 | $58,697,464▲0.6% | $57,260,602▲1.2% | $93,768,023▲6.8% | $131,606,935▲4.0% | 990 |
| 2015 | $58,333,965▼5.6% | $56,589,341▲0.3% | $87,767,057▲1.8% | $126,538,210▲0.4% | 990 |
| 2014 | $61,766,509▲0.7% | $56,443,029▲1.4% | $86,197,208▲6.7% | $126,031,528▲2.6% | 990 |
| 2013 | $61,355,494 | $55,674,846▲3.4% | $80,772,753▲10.3% | $122,789,201▲5.0% | 990 |
| 2012 | — | $53,861,354▲7.2% | $73,221,151▲9.4% | $116,900,459▲5.8% | 990 |
| 2011 | — | $50,257,756▲6.9% | $66,904,215▲9.7% | $110,490,375▲4.7% | 990 |
| 2010 | — | $47,017,513▲13.7% | $60,968,313▲14.0% | $105,523,944▲5.4% | 990 |
| 2009 | — | $41,346,760 | $53,471,628 | $100,142,102 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Oluwatoyin Tofade — $494,616 (0.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Oluwatoyin Tofade | President | 40 | $494,616 |
| Anuja Ghorpade | Dean | 40 | $276,300 |
| Michelle Lewis | Executive Director Cbet | 40 | $244,792 |
| Michele Vien | Svp Finance / Admin, Cfo | 40 | $208,756 |
| Thomas Lodise | Professor | 40 | $173,931 |
| Darren Grabe | Chair - Pharmacy Practice | 40 | $169,670 |
| David Clarke | Chair - Life Sciences | 40 | $168,739 |
| Richard Dearborn | Department Chair / Assoc Prof | 40 | $164,984 |
| Christopher J Dilascia | Trustee | 1 | — |
| David M Stack | Trustee | 1 | — |
| Dawn Thompson | Trustee | 1 | — |
| Donna French | Trustee | 1 | — |
| Edward Enos | Trustee | 1 | — |
| Gregory Sciarra | Trustee | 1 | — |
| Helen Ashuntantang | Trustee | 1 | — |
| Holly Bonsignore | Trustee | 1 | — |
| Hugh A Johnson | Trustee | 1 | — |
| James Notaro | Trustee | 1 | — |
| Kimberly A Phelan | Trustee | 1 | — |
| Marc Watrous | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Chartwells | Food Service | $1,481,337 |
| Bette & Cring LLC | Construction | $1,454,778 |
| University Heights Association Inc | Security | $1,127,259 |
| Tecta America Weatherguard LLC | Construction | $766,506 |
| Djb Builds LLC | Construction | $586,232 |
Grants received · $2.4M total
64 grants to Albany College of Pharmacy and Health Sciences totaling $2.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Medical research | 2024 | $50,000 |
| La Jolla Institute For Immunology | Subrecipient award | 2024 | $30,728 |
| Mvp Health Plan Inc | Grant for operations | 2024 | $25,000 |
| Columbus Foundation | Education | 2024 | $15,000 |
| La Jolla Institute For Immunology | Subrecipient award | 2023 | $91,559 |
| St Peters Health Partners | Community sponsorship | 2023 | $30,000 |
| Mvp Health Plan Inc | The collaboratory to support underserved communities in the capital region | 2023 | $25,000 |
| American Endowment Foundation | Medical research | 2023 | $25,000 |
| George Washington University | Subaward | 2023 | $23,722 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $23,500 |
| Donor Advised Charitable Giving | Education | 2023 | $7,700 |
| Charities Aid Foundation America | Charitable donation | 2023 | $7,500 |
| Battelle Memorial Institute | Corporate match | 2023 | $6,700 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $6,000 |
| George Washington University | Subaward | 2022 | $68,000 |
Grants made · $10K in FY2023
1 grant totaling $10K in FY2023. All grants made by Albany College of Pharmacy and Health Sciences →
| Recipient | Purpose | Amount |
|---|---|---|
| George Washington University | Research-investigating rna polymerase iii driven mechanisms in regulating hiv latency | $10,088 |
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Compare Albany College of Pharmacy and Health Sciences
Frequently asked questions
- Is Albany College of Pharmacy and Health Sciences a legitimate nonprofit?
- Yes. Albany College of Pharmacy and Health Sciences is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1423161, based in Albany, New York. Donations are tax-deductible.
- What is Albany College of Pharmacy and Health Sciences's EIN?
- Albany College of Pharmacy and Health Sciences's Employer Identification Number (EIN) is 14-1423161.
- How much revenue does Albany College of Pharmacy and Health Sciences report?
- Albany College of Pharmacy and Health Sciences reported $61,795,880 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Albany College of Pharmacy and Health Sciences's spending goes to programs?
- Albany College of Pharmacy and Health Sciences spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Albany College of Pharmacy and Health Sciences have?
- CharityIndex grades Albany College of Pharmacy and Health Sciences C, based on program efficiency and fundraising cost.
- How much does Albany College of Pharmacy and Health Sciences's highest-paid employee make?
- The highest reported compensation on Albany College of Pharmacy and Health Sciences's latest Form 990 is $494,616, paid to Oluwatoyin Tofade (President).
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Data for Albany College of Pharmacy and Health Sciences (EIN 14-1423161) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.