UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION
EIN 36-4619281 · Community Improvement & Capacity Building (S470)
What they do
THE PURPOSE of THE CORPORATION is to ACQUIRE REAL PROPERTY and HOLD TITLE to SUCH PROPERTY for THE PURPOSE of CREATING A COMMERCIAL LIFE SCIENCE, RESEARCH, and TECHNOLOGY CLUSTER IN AN ENVIRONMENT IN WHICH NEW and TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP and RESEARCH CAN BE TRANSLATED INTO COMMERCIALLY VIABLE HIGH TECHNOLOGY. THE LAWFUL PUBLIC or QUASI-PUBLIC OBJECTIVE WHICH EACH of THE FOREGOING PURPOSES WILL ACHIEVE SHALL BE to ADVANCE THE EDUCATIONAL and RESEARCH MISSION of THE STATE UNIVERSITY of NEW YORK and THE STATE UNIVERSITY of NEW YORK AT ALBANY BY ACQUIRING and HOLDING TITLE to FACILITIES IN WHICH SCIENCE RESEARCH and SCHOLARLY PROGRAMS for THE ENHANCEMENT of FACULTY, VISITING SCHOLARS, STUDENTS and STAFF SHALL BE LOCATED; and WHICH SCIENTIFIC RESEARCH FACILITIES SHALL ENHANCE THE ABILITY of THE STATE UNIVERSITY of NEW YORK and THE STATE UNIVERSITY of NEW YORK AT ALBANY to ATTRACT PUBLIC and PRIVATE FUNDS to FURTHER RESEARCH and SCHOLARLY STUDIES.
Should I give to this charity?
Of every $100 spent, about $94.40 was reported for mission work. Use the spending picture below and ask what results that work produced.
Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.
Basic facts we verified
IRS warning checkNo IRS revocation warning appears in this data.
Money report from 2024The charity has a recent tax report to read.
They explain their jobThe charity tells us what it is trying to do.
They name their leaders9 people are listed in the latest report.
You can reach themThey list contact information, so you can ask questions.
Money made simple
Ask these three easy questions
- Who did you help? Ask for a recent story or report that shows real results.
- What will my money do? Ask exactly what your gift will pay for.
- Is this really the charity? Give only through its official website or confirmed phone number.
Worth asking: Expenses exceeded revenue by $2,717,323 this year. Ask whether that was planned or caused by a one-time event.
Pay context: The highest compensation shown in this filing is $26,469 for RICHARD MCGINN JR (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.
Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.
Financial picture
A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.
How each $100 of revenue was used
The large number compares each expense with revenue. The smaller number shows its share of total expenses.
Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.
Money in and money out
Reported spending amounts
Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.
See all reported dollar amounts
Leadership and board
Names, titles, time, and compensation below are reported by the organization on its Form 990.
People reported as paid
Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.
See everyone listed on the board or leadership roster (9)
RICHARD MCGINN JREXECUTIVE DIRECTOR
AMY KNAPPDIRECTOR
BRIAN STRAUGHTERDIRECTOR
EDWARD SWYERPRESIDENT
FARDIN SANAISECRETARY
GEORGE HEARSTVICE PRESIDENT
HAVIDAN RODRIGUEZDIRECTOR
JEFFREY BLACKTREASURER
TODD FOREMANDIRECTOR
About this charity
- Recognized since
- January 2010
- Location
- 1400 WASHINGTON AVENUE UAB 226, ALBANY, NY 12222
- County
- Albany
- In care of
- RICHARD MCGINN JR
- Primary officer
- RICHARD MCGINN JR, EXECUTIVE DIRECTOR
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- July 1, 2024
- Return type
- 990
- Tax preparer
- BONADIO & CO LLP
- NTEE classification
- Community Improvement & Capacity Building (S470)