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Nonprofit · EIN 14-1716021

ALBANY RESEARCH INSTITUTE INC

Tax-exempt · ALBANY, NY 12208

Financials

$3.1M$2.9M2023$2.7M$2.4M2024$2M$2.1M2025
Revenue Expenses · by fiscal year end
Financials of ALBANY RESEARCH INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,964,829$2,063,552-$98,723$1,389,494$199,242$1,190,252
December 31, 2024990$2,675,137$2,378,156$296,981$1,540,447$251,472$1,288,975
December 31, 2023990$3,092,014$2,864,101$227,913$1,215,419$223,425$991,994
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,935,835
of which government grants
$1,398,630
Program service revenue
$0
Investment income
$28,994
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$904,033
Salaries, compensation and benefits (total)
$1,243,389
Professional fundraising fees
$0
Accounting fees
$50,847
Travel
$43,162
Depreciation
$3,782
Program services (functional)
$1,552,418
Management and general (functional)
$511,134

Balance sheet and other

Total assets, start of year
$1,540,447
Total assets, end of year
$1,389,494
Total liabilities, end of year
$199,242
Net assets, end of year
$1,190,252
Land, buildings and equipment
$13,237
Net assets without donor restrictions
$1,190,252
Gross receipts
$1,964,829
Employees
17
Volunteers
0
Year formed
1989
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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
SOPHIA PALLONEEXECUTIVE DIRECTOR
Officer
40$142,500
JIAOJIE QUDEPUTY DIRECTOR
Officer
40$104,000
DON HIGGINS MDPRESIDENT
Trustee or director, Officer
5$0
DARLENE DELANCEY MSMEMBER
Trustee or director
5$0
GENE R PELLERIN DO FACEP MROMEMBER
Trustee or director
5$0
JONATHAN DORDICK PHDMEMBER
Trustee or director
5$0
PAUL HIGGINS PHDMEMBER
Trustee or director
5$0
TOM MARKERT RPHTREASURER
Trustee or director, Officer
5$0
TERRENCE KINDLONMEMBER
Trustee or director
5$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
SOPHIA PALLONEEXECUTIVE DIRECTOR
Officer
40$142,500
JIAOJIE QUDEPUTY DIRECTOR
Officer
40$104,000
DON HIGGINS MDPRESIDENT/SECRETARY
Trustee or director, Officer
5$0
DARLENE DELANCEY MSMEMBER
Trustee or director
5$0
RICHARD K HOWARD MDMEMBER
Trustee or director
5$0
JONATHAN DORDICK PHDMEMBER
Trustee or director
5$0
PAUL HIGGINS PHDMEMBER
Trustee or director
5$0
TOM MARKERT RPHTREASURER
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
JIAOJIE QUINTERIM EXECUTIVE DIRECTOR
Officer
40$104,000
SOPHIA PALLONEEXECUTIVE DIRECTOR
Officer
40$35,625
DON HIGGINS MDPRESIDENT
Trustee or director, Officer
5$0
DARLENE DELANCEY MSMEMBER
Trustee or director
5$0
RICHARD K HOWARD MDMEMBER
Trustee or director
5$0
JONATHAN DORDICK PHDMEMBER
Trustee or director
5$0
PAUL HIGGINS PHDMEMBER
Trustee or director
5$0
TOM MARKERT RPHSECRETARY/TREASURER
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
113 HOLLAND AVE RM A627, ALBANY, NY 12208-3410
Principal officer (990 for 2025)
SOPHIA PALLONE, 113 HOLLAND AVE RM A627, ALBANY, NY 12208
Signed the 990
SOPHIA PALLONE, EXECUTIVE DIRECTOR
Phone
(518) 626-5618
Return prepared by
BONADIO & CO LLP

Mission

OUR PURPOSE IS TO PROVIDE A FLEXIBLE MECHANISM THAT ALLOWS NON-VA FUNDING FOR RESEARCH PROJECTS APPROVED BY THE VA; RESEARCH ACTIVITIES, INCLUDING BASIC AND APPLIED BIOMEDICAL RESEARCH, CLINICAL TRIALS, BEHAVIORAL RESEARCH, NEURAL ENGINEERING, DATA SCIENCE, AND ARTIFICIAL INTELLIGENCE.

990 for the year ended December 31, 2025

Program accomplishments

  • GRANTS ARE RECEIVED FROM THE U.S. GOVERNMENT, PRIVATE CORPORATIONS AS WELL AS NEW YORK STATE WHICH ARE THEN DIRECTED TO CONDUCT RESEARCH IN DIVERSE CLINICAL AREAS, INCLUDING, BUT NOT LIMITED TO SPINAL CORD INJURY, COLOR VISION DEFICIENCY, STROKE, DIABETES, KIDNEY, PARKINSON'S, ALZHEIMER'S AND HEART DISEASE AND GENOMICS.
    Expenses $1,552,418

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
14-1716021
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,389,494
Income (IRS master file)
$1,964,829

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,964,829$2,063,552$1,389,494IRS
990December 2024$2,675,137$2,378,156$1,540,447XML
990December 2023$3,092,014$2,864,101$1,215,419XML
990December 2022$2,371,366$2,320,368$972,858IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 14-1716021).

Questions about ALBANY RESEARCH INSTITUTE INC

What is the EIN of ALBANY RESEARCH INSTITUTE INC?
The employer identification number (EIN) of ALBANY RESEARCH INSTITUTE INC is 14-1716021.
Is ALBANY RESEARCH INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to ALBANY RESEARCH INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALBANY RESEARCH INSTITUTE INC 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 RESEARCH INSTITUTE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALBANY RESEARCH INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ALBANY RESEARCH INSTITUTE INC?
The 990 for the year ended December 31, 2025 names SOPHIA PALLONE.
Who are the officers and directors of ALBANY RESEARCH INSTITUTE INC?
The 990 for the year ended December 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $142,500 (SOPHIA PALLONE, EXECUTIVE DIRECTOR).
How much revenue does ALBANY RESEARCH INSTITUTE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,964,829, expenses of $2,063,552 and total assets of $1,389,494 at year end.

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