irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $2.78MRESEARCH: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.
named programs · 4 · from sources
What they call their work
Bachelor of Science in Pharmaceutical Sciences
Undergraduate program offering specializations in Pre-Health, Research-Intensive, and Pathways to Industry, with options for dual degrees and hands-on research from the first year
Doctor of Pharmacy (PharmD) Program
Professional doctoral program preparing students to become pharmacists through rigorous coursework, clinical rotations at 500+ sites, and early eligibility for pharmacy intern permits after the first year
Pharmaceutical Research Institute (PRI)
Research facility focused on the development of nano-pharmaceutical agents, hosting pharmacy and graduate students as well as visiting scholars from around the world
Student Summer Research Awards Program
Program supporting students in conducting hypothesis-based research under faculty mentorship, culminating in the annual Student Research Symposium
activities · 7 groups
What they do
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Biomedical Research and Innovation 1 activity
- Conduct biomedical and pharmaceutical researchConducts extensive research across basic, clinical, and population health sciences with $5.3 million in sponsored projects annually. Research areas include antibiotic resistance, flavivirus replication (e.g., Zika and Dengue), endocannabinoid biomarkers for eating disorders, and nano-pharmaceutical development through the Pharmaceutical Research Institute. Faculty and students produce peer-reviewed publications and present findings at national conferences.
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Health Professions Education Programs 1 activity
- Deliver undergraduate and graduate education in pharmacy and health sciencesOffers a comprehensive range of degree programs including Doctor of Pharmacy (PharmD), Bachelor of Science, and Master of Science degrees in fields such as pharmaceutical sciences, biotechnology, clinical laboratory sciences, forensic science, public health, nursing, and health data science. Programs include experiential learning, faculty mentorship, and preparation for careers or advanced study in healthcare and research.
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Campus Facility Operations and Management 1 activity
- Maintain campus operations and student support servicesManages essential campus functions including health insurance, parking, safety alerts, building operations, and student life infrastructure to support academic and personal needs of students and staff.
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Higher Education Career Placement 1 activity
- Prepare graduates for professional placement and advanced studyAchieves a 97% placement rate for graduates into residency, graduate studies, or employment, with many MS in Pharmaceutical Sciences graduates entering the pharmaceutical industry directly and PharmD graduates matching into residencies at major healthcare institutions. Alumni have entered PhD programs at Rutgers, University of Iowa, and Weill-Cornell.
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Community Health Equity Initiatives 1 activity
- Promote community engagement and address health disparitiesEngages students and faculty in community-based initiatives such as The Collaboratory, which addresses health disparities in Albany’s South End through direct outreach and applied health programs.
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Research and Scholarly Fellowship Support 1 activity
- Support student research engagement and developmentProvides structured opportunities for students to engage in hypothesis-driven research from their first year, including capstone projects, thesis research, teaching assistantships, and summer awards. Hosts an annual Student Research Symposium and supports publication in peer-reviewed journals, with over 53 students participating in recent symposia.
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Uncategorized 1 activity
- Preserve and promote historical heritage in pharmacyAcquired and reconstructed the historic Throop Drugstore as a museum in 1938 and relocated it to the O'Brien Building in 2001 with period-appropriate restoration. Contributes institutional history to the AIHP Atlas of Pharmacy & Pharmaceutical History for national educational use.
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financials · form 990 · fy2024
revenue
Total revenue$67.03M
Contributions & grants$1.05M2%
Program service revenue$54.40M81%
Investment income$9.44M14%
Other revenue$2.14M
expenses
Total expenses$68.21M
Program expenses86%
Admin / overhead12%
Fundraising2%
Salaries & benefits$24.53M
Grants paid out$14.49M
Largest expense lineCompensation
balance sheet
Total assets$137.21M
Cash$13.71M
Investments$70.79M
Liabilities$35.99M
Net assets$101.21M
Liquid reserves14.9 mo
6 years on record · 2019–2024 · YoY revenue +8.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 7
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| OLUWATOYIN TOFADE | PRESIDENT | 40 | $539K |
| MICHELLE LEWIS | EXECUTIVE DIRECTOR CBET | 40 | $293K |
| MICHAEL PASQUARELLA | VP INSTITUTIONAL ADVANCEMENT | 40 | $277K |
| MICHELE VIEN | SVP FINANCE / ADMIN, CFO | 40 | $247K |
| DAVID CLARKE | DEPARTMENT CHAIR / ASSOC PROF | 40 | $202K |
| THOMAS LODISE | PROFESSOR | 40 | $199K |
| DAVID MEREDITH | VP ENROLLMENT MANAGEMENT | 40 | $187K |
board members · 18
- CHRIS DI LASCIA — TRUSTEE
- DAVE STACK — TRUSTEE
- DAWN THOMPSON — TRUSTEE
- DONNA FRENCH — TRUSTEE
- EDWARD ENOS — TRUSTEE
- GREGORY SCIARRA — TRUSTEE
- HELEN ASHUNTANTANG — TRUSTEE
- HOLLY BONSIGNORE — TRUSTEE
- HUGH JOHNSON — TRUSTEE
- JAMES NOTARO — TRUSTEE
- KIMBERLEIGH PHELAN — TRUSTEE
- MARC WATROUS — TRUSTEE
- MATTHEW BETTE — TRUSTEE
- RICHARD H DAFFNER — SECRETARY
- ROSE LANG — TRUSTEE
- SHANE MCGANN — TRUSTEE
- SUSAN LEARNED — TRUSTEE
- WALLACE PICKWORTH — TRUSTEE
relationships · 28
Who they work with
- Albany Medical Center Partner — Provides volunteer opportunities for students.
- American Association of Pharmaceutical Scientists Partner — Hosts a student chapter ranked as the top in the nation and supports student engagement and networking.
- American Institute of the History of Pharmacy Partner — Collaborated to include ACPHS' historical story in the AIHP Atlas of Pharmacy & Pharmaceutical History
- American Society of Health-System Pharmacists (ASHP) Partner — Proud supporter of ASHP’s “We’re Your Pharmacist” national awareness campaign.
- Bristol Myers Squibb Partner — Employer of graduates and potential site for internships and industry jobs.
- Capital City Rescue Mission Partner — Provides volunteer opportunities for students.
- Curia Partner — Major pharma company near Albany that provides internship and job opportunities for students.
- Johnson & Johnson Funder — Provided $35,000 in funding for an ambulatory care pharmacy resident program at ACPHS.
- Joseph Carreno Partner — Director of Research and Sponsored Projects at ACPHS who oversees the intramural grant program.
- Joseph Carreno '10, PharmD Government — Director of Research and Sponsored Projects at ACPHS, involved in student research award program
- National Institutes of Health Government — Awarded a grant to support HIV research collaboration involving ACPHS.
- National Women’s Studies Association Network — Dr. Maria Rovito, an instructor at ACPHS, was appointed Member-at-Large for a two-year term.
- New York-Presbyterian Hospital Partner — Hosts ACPHS PharmD graduates in pharmacy residency programs.
- Our Team Partner — Refers to the dedicated Admissions team that assists applicants in determining the correct application category.
- Pfizer Partner — Employer of graduates and potential site for internships and industry jobs.
- Pharmacy Admissions Partner — Provides admissions support for Doctor of Pharmacy applicants.
- Regeneron Partner — Major pharma company near Albany that provides internship and job opportunities for students.
- Rensselaer Polytechnic Institute Partner — Partnership allows mutual access to high-end core research facilities, advanced equipment, and technical services between ACPHS and RPI researchers.
- Rensselaer State College Partner — Collaborative partnership announced with shared academic initiatives.
- Rutgers University Partner — Institution where ACPHS graduates have pursued doctoral studies.
- Stack Family Partner — Funded the Stack Family Center for Biopharmaceutical Education and Training (CBET).
- The Collaboratory Partner — Community-based initiative in Albany’s South End focused on reducing health disparities through student and community collaboration.
- The George Washington University Partner — Collaborating with ACPHS on HIV research funded by an NIH grant.
- Undergraduate Admissions Partner — Provides admissions support for first-year and transfer undergraduate applicants.
- University of California San Francisco Medical Center Partner — Hosts ACPHS PharmD graduates in pharmacy residency programs.
- University of Rochester Partner — Collaborating with ACPHS on HIV research funded by an NIH grant.
- VA Boston Healthcare System Partner — Hosts ACPHS PharmD graduates in pharmacy residency programs.
- Weill-Cornell Partner — Institution where ACPHS graduates have pursued doctoral studies.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community-Engaged Education for Health Equitymethodology: community-engaged-educationBy partnering with local schools, community organizations, and youth groups, the college extends its educational and health impact beyond campus because real-world engagement trains students to address social determinants of health and improves community outcomes through accessible science and care.
- Faculty-Mentored Research Trainingmethodology: faculty-mentored_researchBy embedding sustained faculty-student mentorship in research experiences, students achieve greater success in pharmaceutical sciences training because guided, collaborative inquiry builds technical skill, scientific confidence, and career readiness.
- Integrated Experiential Learning Modelmethodology: integrated-experiential-learningBy integrating early research, hands-on biopharmaceutical training, and community-based health equity work into the curriculum, students are prepared to become comprehensive health-care leaders because experiential engagement across scientific, clinical, and social domains deepens competency and professional identity.
- Interdisciplinary and Collaborative Research Infrastructuremethodology: interdisciplinary_collaborationBy facilitating interdisciplinary symposia and leveraging shared research infrastructure with partner institutions like RPI, the college expands research capacity and innovation because cross-institutional and cross-disciplinary collaboration accelerates knowledge transfer and resource access.
- Seed-Funded Research Incubationmethodology: seed-funding for researchBy providing internal seed grants for faculty research, the college catalyzes discovery and enables future external funding because early-stage financial support allows for pilot data generation, proof-of-concept development, and competitive proposal preparation.