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Filing year 2023

UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION

Albany, New York·EIN 36-4619281·NTEE S470 · Community Improvement & Capacity Building·501(c)(25)
Total revenue
$6.6M
Total assets
$39.3M
Total expenses
$7.9M
Reported officers
9
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New York.

Executive Director
10th to 25th percentile
$25k
$28k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION equaled 0.3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
0.3%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 1%
from 2022

From $24k in 2022 to $25k in 2023.

$24k
2022
$25k
2023
In today's dollarsEst.
Down 2% in real terms$28k to $28k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 1% from 2022 to 2023, while revenue fell 2%.

$24k in 2022 to $25k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION

What does the Chief Executive Officer of UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION received $24,694 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New York, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2023 pay of the Chief Executive Officer at UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION falls between the 10th and 25th percentiles. In 2023, the highest total compensation at UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION equaled 0.3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION reported $6.6M in total revenue and $7.9M in total expenses on its IRS Form 990.

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