Fuller Road Management Corporation

Nonprofit profile at a glance

EIN
141772760
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Albany, NY, USA
Phone
5189567322
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$234,644,379
Expenses
$10,800,000
Assets
$814,495,745
Liabilities
$317,858,740

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • DAVID ANDERSON (PRESIDENT)

Highest reported compensation

  • PATRICIA ARCIERO-CRAIG (PAST CAO, ACT GEN COUNSEL): $479,824 total reported compensation
  • DAVID ANDERSON (PRESIDENT): $478,288 total reported compensation
  • CHRISTOPHER BORST (VP OF TECHNOLOGY & INFRASTRUCTURE): $409,422 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fuller road management corporation was formed and shall be operated exclusively for the purpose of holding title to property and collecting income therefrom. Its mission is to purchase, acquire, own, hold, improve and develop lands, buildings and other real property improvements that provide facilities that promote research, education and economic development.

What it reported doing in 2024

Fuller road management corporation purchases, acquires, owns, holds, improves and develops land, buildings and other real property improvements that provide facilities that promote research, education and economic development. Fuller road management corporation holds the title to such property and collects income from the rental of this property.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 82
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.2%; rating input score 5
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 95.4%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 75.42; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 28.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -4.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 94.8% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 5.2% of revenue deployed · 100% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $480K · 20 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $77.9M reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.