Civic Intelligence

Albany Research Institute Inc

EIN 14-1716021 • 501(c)3 • Albany, NY

Profile

The mission of albany research institute is to support and facilitate approved biomedical research and development activities at the samuel s. Stratton va medical center.

113 Holland Ave Rm A608Albany, NY 12208

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.18x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.07x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$100,499

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

82nd percentile

25%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

30%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,215,419

Up $242,561 (+25%) from 2022

Liabilities

Up

$223,425

Up $14,648 (+7.0%) from 2022

Net Assets

Up

$991,994

Up $227,913 (+30%) from 2022

Revenue

Up

$3,092,014

Up $720,648 (+30%) from 2022

Expenses

Up

$2,864,101

Up $543,733 (+23%) from 2022

Net Income

Up

$227,913

Up $176,915 (+347%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $687,262Liabilities 2011: $9,697Net Assets 2011: $677,5652011Assets 2012: $728,384Liabilities 2012: $23,950Net Assets 2012: $704,4342012Assets 2013: $849,004Liabilities 2013: $28,477Net Assets 2013: $820,5272013Assets 2014: $765,019Liabilities 2014: $46,074Net Assets 2014: $718,9452014Assets 2015: $697,727Liabilities 2015: $43,488Net Assets 2015: $654,2392015Assets 2016: $731,302Liabilities 2016: $48,473Net Assets 2016: $682,8292016Assets 2017: $616,996Liabilities 2017: $48,190Net Assets 2017: $568,8062017Assets 2018: $560,358Liabilities 2018: $15,709Net Assets 2018: $544,6492018Assets 2019: $570,089Liabilities 2019: $7,693Net Assets 2019: $562,3962019Assets 2020: $731,315Liabilities 2020: $56,974Net Assets 2020: $674,3412020Assets 2021: $1,002,972Liabilities 2021: $289,889Net Assets 2021: $713,0832021Assets 2022: $972,858Liabilities 2022: $208,777Net Assets 2022: $764,0812022Assets 2023: $1,215,419Liabilities 2023: $223,425Net Assets 2023: $991,9942023

Highlighted filing

2023

Assets$1,215,419
Liabilities$223,425
Net Assets$991,994

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $466,565Expenses 2011: $523,338Net Income 2011: -$56,7732011Expenses 2012: $594,1142012Revenue 2013: $811,595Expenses 2013: $695,502Net Income 2013: $116,0932013Revenue 2014: $656,686Expenses 2014: $758,268Net Income 2014: -$101,5822014Revenue 2015: $661,363Expenses 2015: $726,069Net Income 2015: -$64,7062015Revenue 2016: $952,028Expenses 2016: $923,438Net Income 2016: $28,5902016Revenue 2017: $610,695Expenses 2017: $724,718Net Income 2017: -$114,0232017Revenue 2018: $393,664Expenses 2018: $417,821Net Income 2018: -$24,1572018Revenue 2019: $331,085Expenses 2019: $313,338Net Income 2019: $17,7472019Revenue 2020: $1,356,378Expenses 2020: $1,244,433Net Income 2020: $111,9452020Revenue 2021: $2,997,466Expenses 2021: $2,958,724Net Income 2021: $38,7422021Revenue 2022: $2,371,366Expenses 2022: $2,320,368Net Income 2022: $50,9982022Revenue 2023: $3,092,014Expenses 2023: $2,864,101Net Income 2023: $227,9132023

Highlighted filing

2023

Revenue$3,092,014
Expenses$2,864,101
Net Income$227,913

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.22$0.22$0.99$3.09$2.86$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.21$0.76$2.37$2.32$0.05
2021Summary only. Only limited summary data is available for this year.$1.00$0.29$0.71$3.00$2.96$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.06$0.67$1.36$1.24$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.01$0.56$0.33$0.31$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.02$0.54$0.39$0.42$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.05$0.57$0.61$0.72$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.05$0.68$0.95$0.92$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.04$0.65$0.66$0.73$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.05$0.72$0.66$0.76$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.85$0.03$0.82$0.81$0.70$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.02$0.70$0.59
2011Summary only. Only limited summary data is available for this year.$0.69$0.01$0.68$0.47$0.52$0.06
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,371,366
Mission and Program Overview

Mission

The mission of albany research institute is to support and facilitate approved biomedical research and development activities at the samuel s. Stratton va medical center.

To support approved biomedical research and development activities at the samuel s. Stratton va medical center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$926,959$851,621▼ $75,338
Cash and Non-Interest-Bearing Accounts$70,709$121,237▲ $50,528
Prepaid Expenses and Deferred Charges$5,304$0▼ $5,304
Total Assets$1,002,972$972,858▼ $30,114
Liabilities
Deferred Revenue-$115,398-
Accounts Payable and Accrued Expenses$289,889$93,379▼ $196,510
Total Liabilities$289,889$208,777▼ $81,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$713,083$764,081▲ $50,998
Total Net Assets Fund Balance$713,083$764,081▲ $50,998
Total Liabilities and Net Assets / Fund Balance$1,002,972$972,858▼ $30,114
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jiaojie QuInterim Executive DirectorFT$100,499$100,499
Margaret CallahanExecutive Dirctor Thru May 2022FT$38,260$38,260

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,371,088
Program Service Revenue
$0
Investment Income
$278
Other Revenue
$0
Change in Net Assets
$50,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,371,366
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$144,000
Total Revenue per Audited Statements
$2,515,366
Total Revenue per Form 990
$2,371,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,330,168
Other Expenses$990,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,010,801$81,754-$1,092,555
Insurance$130,763$13,865-$144,628
Current Officers, Directors, Trustees, and Key Employees-$138,759-$138,759
Payroll Taxes$80,459$18,395-$98,854
Fees for Services Accounting-$37,455-$37,455
Fees for Services Other$8,887$1,800-$10,687
Other Expenses$9,434$12,571-$9,434
Travel$5,932$2,050-$7,982
Occupancy$4,324--$4,324
All Other Expenses$98$2,548-$2,646
Conferences and Meetings-$2,376-$2,376
Total Functional Expenses$1,997,314$323,054$0$2,320,368

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,464,368
Expenses per Audited Statements$2,320,368
Total Expenses per Form 990$2,320,368
Expenses Not Reported on Form 990$144,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The audit committee reviews the tax return prior to filing.

Form 990, Part VI, Section B, Line 12C

The board of directors will review any potential conflicts of interest on an annual basis and resolve the conflicts, if necessary.

Form 990, Part VI, Section B, Line 15

Executive directors compensation is reviewed and determined by the board.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Albany Research Institute Inc
EIN
14-1716021
Phone
5186265618
Address
113 HOLLAND AVE RM A608, ALBANY, NY 12208

Signing Officer

Name
Don Higgins Md
Title
President
Phone
5186265618
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Donald Higgins
Formed
1989
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
26
Volunteers
0

Preparer

Preparer
Kevin Testo
Phone
7162506600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

There have been no changes in the process from prior years. The board of directors takes responsibility for the audit process and assumes responsibility for hiring the independent auditors.

Raw XML Appendix373 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/PYRevenuesLessExpensesAmt038742
IRS990/PYSalariesCompEmpBnftPaidAmt01716727
IRS990/PYTotalExpensesAmt02958724
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02997466
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt050998
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/HospitalNameAndAddressGrp/CityNm0ALBANY
IRS990ScheduleA/HospitalNameAndAddressGrp/StateAbbreviationCd0NY
IRS990ScheduleA/HospitalNameAndAddressGrp/SupportedOrganizationName/BusinessNameLine1Txt0STRATTON VA MEDICAL CENTER
IRS990ScheduleA/MedicalResearchOrganizationInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0144000
IRS990ScheduleD/DonatedServicesUseFcltsAmt0144000
IRS990ScheduleD/ExpensesNotReportedAmt0144000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02320368
IRS990ScheduleD/RevenueNotReportedAmt0144000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02371366
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02320368
IRS990ScheduleD/TotalRevenuePerForm990Amt02371366
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02515366
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02464368
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AUDIT COMMITTEE REVIEWS THE TAX RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS WILL REVIEW ANY POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS AND RESOLVE THE CONFLICTS, IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTORS COMPENSATION IS REVIEWED AND DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM PRIOR YEARS. THE BOARD OF DIRECTORS TAKES RESPONSIBILITY FOR THE AUDIT PROCESS AND ASSUMES RESPONSIBILITY FOR HIRING THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0972858
IRS990/TotalAssetsGrp/BOYAmt01002972
IRS990/TotalAssetsGrp/EOYAmt0972858
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02371088
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0323054
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01997314
IRS990/TotalFunctionalExpensesGrp/TotalAmt02320368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0289889
IRS990/TotalLiabilitiesEOYAmt0208777
IRS990/TotalLiabilitiesGrp/BOYAmt0289889
IRS990/TotalLiabilitiesGrp/EOYAmt0208777
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0713083
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0764081
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01997314
IRS990/TotalReportableCompFromOrgAmt0138759
IRS990/TotalRevenueGrp/ExclusionAmt0278
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02371366
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01002972
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0972858
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02050
IRS990/TravelGrp/ProgramServicesAmt05932
IRS990/TravelGrp/TotalAmt07982
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0113 HOLLAND AVE RM A608
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012208
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DON HIGGINS MD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05186265618
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY RESEARCH INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0141716021
ReturnHeader/Filer/PhoneNum05186265618
ReturnHeader/Filer/USAddress/AddressLine1Txt0113 HOLLAND AVE RM A608
ReturnHeader/Filer/USAddress/CityNm0ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerPersonGrp/PhoneNum07162506600
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN TESTO
ReturnHeader/ReturnTs02023-11-15T09:48:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HIGGINS MD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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