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Nonprofit · EIN 14-1423161

ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES

Tax-exempt · ALBANY, NY 12208

Financials

$65.1M$65.9M2022$61.8M$65.8M2023$67M$68.2M2024
Revenue Expenses · by fiscal year end
Financials of ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$67,033,299$68,210,843-$1,177,544$137,208,166$35,994,768$101,213,398
June 30, 2024990$61,795,880$65,816,758-$4,020,878$140,195,206$37,739,949$102,455,257
June 30, 2023990$65,144,183$65,906,803-$762,620$144,542,300$41,056,788$103,485,512
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,054,191
Program service revenue
$54,395,134
Investment income
$9,440,869
Net rental income
$1,683,240
Net gain from sales of assets
$7,316,633
Other revenue
$2,143,105

Expenses

Grants and similar amounts paid
$14,490,467
Compensation of officers, directors and key employees
$1,051,620
Other salaries and wages
$18,337,570
Salaries, compensation and benefits (total)
$24,530,975
Professional fundraising fees
$0
Legal fees
$212,719
Accounting fees
$89,976
Occupancy
$4,453,997
Travel
$231,679
Depreciation
$4,197,613
Program services (functional)
$58,547,984
Management and general (functional)
$8,316,665
Fundraising (functional)
$1,346,194

Balance sheet and other

Total assets, start of year
$140,195,206
Total assets, end of year
$137,208,166
Total liabilities, end of year
$35,994,768
Net assets, end of year
$101,213,398
Land, buildings and equipment
$39,771,194
Publicly traded securities
$70,791,839
Net assets without donor restrictions
$75,792,037
Net assets with donor restrictions
$25,421,361
Gross receipts
$92,549,931
Employees
620
Volunteers
20
Year formed
1881
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
OLUWATOYIN TOFADEPRESIDENT
Officer
40$492,150$46,979
MICHELLE LEWISEXECUTIVE DIRECTOR CBET
Highest-paid employee
40$254,246$38,831
MICHAEL PASQUARELLAVP INSTITUTIONAL ADVANCEMENT
Highest-paid employee
40$248,755$28,316
MICHELE VIENSVP FINANCE / ADMIN, CFO
Officer
40$206,325$40,671
DAVID CLARKEDEPARTMENT CHAIR / ASSOC PROF
Highest-paid employee
40$168,734$33,131
THOMAS LODISEPROFESSOR
Highest-paid employee
40$173,931$24,657
DAVID MEREDITHVP ENROLLMENT MANAGEMENT
Highest-paid employee
40$168,578$18,153
HELEN ASHUNTANTANGTRUSTEE
Trustee or director
1$0$0
MATTHEW BETTETRUSTEE
Trustee or director
1$0$0
HOLLY BONSIGNORETRUSTEE
Trustee or director
1$0$0
CHRIS DI LASCIATRUSTEE
Trustee or director
1$0$0
EDWARD ENOSTRUSTEE
Trustee or director
1$0$0
DONNA FRENCHTRUSTEE
Trustee or director
1$0$0
HUGH JOHNSONTRUSTEE
Trustee or director
1$0$0
ROSE LANGTRUSTEE
Trustee or director
1$0$0
12 more people on this return
NameTitleHours / weekCompensation
SUSAN LEARNEDTRUSTEE
Trustee or director
1$0
SHANE MCGANNTRUSTEE
Trustee or director
1$0
JAMES NOTAROTRUSTEE
Trustee or director
1$0
KIMBERLEIGH PHELANTRUSTEE
Trustee or director
1$0
WALLACE PICKWORTHTRUSTEE
Trustee or director
1$0
GREGORY SCIARRATRUSTEE
Trustee or director
1$0
DAVE STACKTRUSTEE
Trustee or director
1$0
DAWN THOMPSONTRUSTEE
Trustee or director
1$0
MARC WATROUSTRUSTEE
Trustee or director
1$0
WALTER S BORISENOKCHAIR
Trustee or director, Officer
1$0
WILLIAM G SHIELDSTREASURER
Trustee or director, Officer
1$0
RICHARD H DAFFNERSECRETARY
Trustee or director, Officer
1$0
990 for the year ended June 30, 2024: 30 people
NameTitleHours / weekCompensationOther / benefits
OLUWATOYIN TOFADEPRESIDENT
Officer
40$494,616$45,468
ANUJA GHORPADEDEAN
Key employee
40$276,300$37,797
MICHELLE LEWISEXECUTIVE DIRECTOR CBET
Highest-paid employee
40$244,792$38,752
MICHELE VIENSVP FINANCE / ADMIN, CFO
Officer
40$208,756$35,339
DAVID CLARKECHAIR - LIFE SCIENCES
Highest-paid employee
40$168,739$33,116
THOMAS LODISEPROFESSOR
Highest-paid employee
40$173,931$24,647
DARREN GRABECHAIR - PHARMACY PRACTICE
Highest-paid employee
40$169,670$26,569
RICHARD DEARBORNDEPARTMENT CHAIR / ASSOC PROF
Highest-paid employee
40$164,984$29,455
HELEN ASHUNTANTANGTRUSTEE
Trustee or director
1$0$0
MATTHEW BETTETRUSTEE
Trustee or director
1$0$0
HOLLY BONSIGNORETRUSTEE
Trustee or director
1$0$0
PAUL DEROHANNESSIANTRUSTEE
Trustee or director
1$0$0
CHRISTOPHER J DILASCIATRUSTEE
Trustee or director
1$0$0
EDWARD ENOSTRUSTEE
Trustee or director
1$0$0
DONNA FRENCHTRUSTEE
Trustee or director
1$0$0
HUGH A JOHNSONTRUSTEE
Trustee or director
1$0$0
ROSE LANGTRUSTEE
Trustee or director
1$0$0
SUSAN LEARNEDTRUSTEE
Trustee or director
1$0$0
SHANE MCGANNTRUSTEE
Trustee or director
1$0$0
JAMES NOTAROTRUSTEE
Trustee or director
1$0$0
WALLACE PICKWORTHTRUSTEE
Trustee or director
1$0$0
KIMBERLY A PHELANTRUSTEE
Trustee or director
1$0$0
GREGORY SCIARRATRUSTEE
Trustee or director
1$0$0
DAVID M STACKTRUSTEE
Trustee or director
1$0$0
DAWN THOMPSONTRUSTEE
Trustee or director
1$0$0
MARC WATROUSTRUSTEE
Trustee or director
1$0$0
PAMELA WILLIAMSONTRUSTEE
Trustee or director
1$0$0
WALTER S BORISENOKCHAIR
Trustee or director, Officer
1$0$0
WILLIAM G SHIELDSTREASURER
Trustee or director, Officer
1$0$0
RICHARD H DAFFNERSECRETARY
Trustee or director, Officer
1$0$0
990 for the year ended June 30, 2023: 30 people
NameTitleHours / weekCompensationOther / benefits
ANUJA GHORPADEDEAN
Key employee
40$269,367$41,661
MICHELLE LEWISEXECUTIVE DIRECTOR C.B.E.T.
Highest-paid employee
40$263,145$35,827
OLUWATOYIN TOFADEPRESIDENT (FROM JULY 22)
Officer
40$253,856$29,022
THOMAS DEWEYPRESIDENT (TO JUNE 22)
Officer
40$232,139$5,345
SHAKER MOUSAVICE PROVOST OF RESEARCH
Highest-paid employee
40$200,970$34,243
MICHELE VIENSVP FIN/ADMIN, CFO
Officer
40$184,636$32,108
VICKI DILORENZOVP INSTITUTIONAL ADVANCEMENT
Highest-paid employee
40$190,233$23,620
DAVID CLARKECHAIR - LIFE SCIENCES
Highest-paid employee
40$167,662$32,066
DARREN GRABECHAIR - PHARMACY PRACTICE
Highest-paid employee
40$167,121$25,134
HELEN ASHUNTANTANGTRUSTEE
Trustee or director
1$0$0
LEIGH BRISCOE-DWYERTRUSTEE
Trustee or director
1$0$0
PAUL DEROHANNESSIANTRUSTEE
Trustee or director
1$0$0
CHRISTOPHER J DILASCIATRUSTEE
Trustee or director
1$0$0
MICHAEL DUTEAUTRUSTEE
Trustee or director
1$0$0
EDWARD ENOSTRUSTEE
Trustee or director
1$0$0
DONNA FRENCHTRUSTEE
Trustee or director
1$0$0
HUGH A JOHNSONTRUSTEE
Trustee or director
1$0$0
SUSAN LEARNEDTRUSTEE
Trustee or director
1$0$0
RUTH MAHONEYTRUSTEE
Trustee or director
1$0$0
JAMES NOTAROTRUSTEE
Trustee or director
1$0$0
WALLACE PICKWORTHTRUSTEE
Trustee or director
1$0$0
PAMELA SCHWEITZERTRUSTEE
Trustee or director
1$0$0
GREGORY SCIARRATRUSTEE
Trustee or director
1$0$0
DAVID M STACKTRUSTEE
Trustee or director
1$0$0
MARC WATROUSTRUSTEE
Trustee or director
1$0$0
PAMELA WILLIAMSONTRUSTEE
Trustee or director
1$0$0
MARION T MORTONCHAIR
Trustee or director, Officer
1$0$0
WALTER BORISENOKVICE CHAIR
Trustee or director, Officer
1$0$0
WILLIAM SHIELDSTREASURER
Trustee or director, Officer
1$0$0
RICHARD H DAFFNERSECRETARY
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
106 NEW SCOTLAND AVE, ALBANY, NY 12208-3425
Principal officer (990 for 2024)
MICHELE VIEN, 106 NEW SCOTLAND AVE, ALBANY, NY 12208
Signed the 990
MICHELE VIEN, SVP FINANCE/ADMIN & CFO
Phone
(518) 694-7216
Website
ACPHS.EDU
Return prepared by
UHY ADVISORS NORTHEAST INC

Mission

WE EDUCATE THE NEXT GENERATION OF LEADERS TO IMPROVE THE HEALTH OF OUR SOCIETY.

990 for the year ended June 30, 2025

Program accomplishments

  • EDUCATIONAL PROGRAMS: LOCATED IN ALBANY, NEW YORK, ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES EDUCATES STUDENTS FOR CAREERS IN HEALTH CARE, PHARMACY, HEALTH SCIENCES, AND THE LIFE SCIENCES.THE COLLEGE OFFERS THE PROFESSIONAL DOCTOR OF PHARMACY PROGRAM AND BACHELOR'S PROGRAMS IN , BIOMEDICAL SCIENCES, BIOTECHNOLOGY, CLINICAL LABORATORY SCIENCES, FORENSIC PSYCHOLOGY, FORENSIC SCIENCE, HEALTH SCIENCES, MICROBIOLOGY, NURSING, PHARMACEUTICAL SCIENCES, PSYCHOLOGY AND PUBLIC HEALTH. STUDENTS PURSUING THE DOCTOR OF PHARMACY DEGREE ALSO RECEIVE A BACHELOR'S DEGREE AFTER THEIR FOURTH YEAR.IN ADDITION, ACPHS HAS MASTER'S PROGRAMS IN BIOTECHNOLOGY (IN-PERSON AND HYBRID), BIOMEDICAL SCIENCES POST-BAC (IN-PERSON AND ONLINE), CLINICAL LABORATORY SCIENCES, CYTOTECHNOLOGY & MOLECULAR CYTOLOGY (IN-PERSON AND HYBRID), HEALTH DATA SCIENCE, MOLECULAR BIOSCIENCES, AND PHARMACEUTICAL SCIENCES. IN ADDITION, STUDENTS MAY PURSUE JOINT DEGREES IN FIELDS THAT INCLUDE MEDICINE, LAW AND BUSINESS THROUGH COOPERATIVE AGREEMENTS WITH PARTNER INSTITUTIONS. - GRADUATES OF THE HEALTH SCIENCES PROGRAMS OFTEN PURSUE CAREERS IN THE BIOTECH, PHARMACEUTICAL AND MEDICAL DIAGNOSTIC INDUSTRIES OR PURSUE OPPORTUNITIES WITH GOVERNMENT AGENCIES AND NON-PROFIT ORGANIZATIONS. - HEALTH SCIENCES GRADUATES ARE ALSO WELL POSITIONED TO CONTINUE THEIR EDUCATION IN GRADUATE PROGRAMS (MASTER'S OR PHD) AS WELL AS PROFESSIONAL PROGRAMS (E.G., MEDICINE AND PHYSICIAN ASSISTANT STUDIES). - PHARMACY GRADUATES ENJOY CAREERS IN COMMUNITY, CLINICAL, HOSPITAL, LONG-TERM CARE AND SPECIALTY PHARMACY, AS WELL AS THE PHARMACEUTICAL INDUSTRY, HEALTH CARE MANAGEMENT AND HEALTH CARE INFORMATION TECHNOLOGY.THE STACK FAMILY CENTER FOR BIOPHARMACEUTICAL EDUCATION AND TRAINING (CBET) LEVERAGES PARTNERSHIPS WITH INDUSTRY, ACADEMIA AND GOVERNMENT TO ADVANCE THE INDUSTRY. IT WAS LAUNCHED IN 2020 TO ADDRESS THE RAPIDLY GROWING NEED FOR AN EDUCATED WORKFORCE IN THE BIOPHARMACEUTICAL FIELD. THE CENTER, WHICH RELOCATED TO ALBANY'S MEDICAL CORRIDOR ADJACENT TO CAMPUS IN 2022, PROVIDES STUDENTS WITH THE KNOWLEDGE AND HANDS-ON EXPERIENCE TO BRING INNOVATIVE BIOPHARMACEUTICALS TO PATIENTS. A PURPOSE-BUILT BIOPROCESSING CENTER, CBET OFFERS A PIPELINE INTO INDUSTRY FOR MIDDLE SCHOOL THROUGH POST-GRADUATE LEVELS, INCLUDING SUMMER CAMPS, THE NATIONAL NIIMBL EXPERIENCE FOR UNDERSERVED STUDENTS, AND COMMUNITY SESSIONS FOR THOSE SEEKING TO EXPLORE INDUSTRY. CBET OFFERS CONTRACT RESEARCH SERVICES THAT LEVERAGE ITS CUTTING-EDGE BIOMANUFACTURING UPSTREAM AND DOWNSTREAM FACILITIES TO SUPPORT RESEARCH AND DEVELOPMENT IN THE BIOPHARMACEUTICAL SECTOR.THE CENTER ALSO PROVIDES CUSTOMIZED INDUSTRY TRAINING TAILORED TO PROFESSIONALS ALREADY IN THE WORKFORCE, SUCH AS ITS $1.9M CONTRACT WITH THE FOOD AND DRUG ADMINISTRATION TO DEVELOP AND DELIVER A CUSTOMIZED MRNA-BASED VACCINE TRAINING PROGRAMS FOR FDA EMPLOYEES. THESE PROGRAMS OFFER DEEP DIVES INTO ESSENTIAL TECHNIQUES FOR BIOMANUFACTURING, WITH PRACTICAL, HANDS-ON LAB WORK THAT HELPS PARTICIPANTS TACKLE REAL-WORLD CHALLENGES.
    Expenses $55,771,967 · grants $14,481,027 · revenue $52,257,411
  • 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.ACPHS IS PROUD TO BE CLASSIFIED BY THE CARNEGIE FOUNDATION AS A RESEARCH COLLEGE OR UNIVERSITY - A DESIGNATION THAT REFLECTS ITS DEEP COMMITMENT TO ADVANCING KNOWLEDGE AND INNOVATION THROUGH ACADEMIC EXCELLENCE, LEADERSHIP AND RESEARCH IN THE BIOMEDICAL AND HEALTH SCIENCES.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, INCLUDING A PARTNERSHIP WITH RPI THAT GIVES FACULTY AND RESEARCHERS FROM BOTH INSTITUTIONS ACCESS TO EACH OTHER'S HIGH-END CORE FACILITIESSHARING ADVANCED EQUIPMENT, EXPERT SUPPORT AND TECHNICAL SERVICES. THIS COLLABORATION OPENS THE DOOR TO NEW DISCOVERIES ACROSS BASIC, CLINICAL AND TRANSLATIONAL RESEARCHACPHS ALSO HOSTS A RESEARCH COMMONS WHICH ENCOMPASSES DIGITIZED RESEARCH AND SCHOLARSHIP GENERATED BY THE COLLEGE'S FACULTY, STUDENTS AND STAFF. BY LEVERAGING AUTOMATED DATA CAPTURE AND IMPLEMENTING QUARTERLY REVIEWS, THE COLLEGE INTENDS TO BUILD A COMPREHENSIVE, GOLD-STANDARD REPOSITORY OF ACPHS SCHOLARSHIP THAT WILL EFFICIENTLY POPULATE BOARD OF TRUSTEES REPORTS, SIMPLIFY ACCREDITATION DOCUMENTATION, AUTOMATICALLY UPDATE FACULTY PROFILES ON THE WEBSITE AND STRENGTHEN RESEARCH COMMUNICATIONS WITH PROSPECTIVE STUDENTS.
    Expenses $2,776,017 · grants $9,440 · revenue $2,597,588

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
14-1423161
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1926
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B500)
Assets (IRS master file)
$137,208,166
Income (IRS master file)
$92,549,931

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$67,033,299$68,210,843$137,208,166IRS
990June 2024$61,795,880$65,816,758$140,195,206XML
990June 2023$65,144,183$65,906,803$144,542,300XML
990June 2022$61,244,445$65,073,123$143,429,386IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1423161).

Questions about ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES

What is the EIN of ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES?
The employer identification number (EIN) of ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES is 14-1423161.
Is ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1926.
Are donations to ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES?
The 990 for the year ended June 30, 2025 names MICHELE VIEN.
Who are the officers and directors of ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES?
The 990 for the year ended June 30, 2025 lists 27 people; 7 received compensation from the organization, the highest $492,150 (OLUWATOYIN TOFADE, PRESIDENT).
How much revenue does ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES have?
On its 990 for the year ended June 30, 2025 it reported revenue of $67,033,299, expenses of $68,210,843 and total assets of $137,208,166 at year end.

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