2024-08-26T16:25:25+00:00 2023-06-30 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2022-07-01 133680286 The Armory Foundation ARMO 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 JONATHAN SCHINDEL CO-PRESIDENT AND CFO 2129231803 2024-08-26 true Aaron Shapiro P01333816 2128674000 2022 2024-08-08 14:25:15Z X JONATHAN SCHINDEL 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 9131495 false X WWW.ARMORY.NYC X 1992 NY THE ARMORY FOUNDATION IS DEDICATED TO SERVING YOUTH BY PROMOTING FITNESS AND EDUCATION THROUGH A BROAD RANGE OF ATHLETIC, EDUCATIONAL AND COMMUNITY PROGRAMS. 22 22 105 60 67375 66375 4884236 3809444 3392994 3522693 -137420 41489 91180 391657 8230990 7765283 0 0 3762831 4104601 0 228187 4142932 4087293 7905763 8191894 325227 -426611 10796175 9551686 924230 559757 9871945 8991929 X THE ARMORY FOUNDATION, A NYC NOT-FOR PROFIT AND HOME TO THE PREMIER INDOOR TRACK AND FIELD CENTER IN AMERICA, IS COMMITTED TO SERVING YOUTH BY PROMOTING EXCELLENCE AND FITNESS THROUGH A BROAD RANGE OF ATHLETIC, EDUCATIONAL AND COMMUNITY PROGRAMS. THE ARMORY FOUNDATION'S PRIMARY EMPHASIS IS REACHING AND MOTIVATING THE YOUTH OF ALL FIVE BOROUGHS OF NEW YORK CITY BY OFFERING THEM COMPETITIVE TRACK AND FIELD ACTIVITIES AND BROADENING THEIR HORIZONS WITH COMPUTER CLASSES, COLLEGE PREPARATION PROGRAMS AND A VARIETY OF CULTURAL AND SCHOOL COORDINATED EDUCATIONAL ACTIVITIES. THE ARMORY FOUNDATION HOSTS OVER 100 TRACK EVENTS EACH YEAR, MAINTAINS THE NATIONAL TRACK AND FIELD HALL OF FAME, OPERATES THE LARGEST AFTER SCHOOL ACTIVITY CENTER IN NEW YORK AND OFFERS A VARIETY OF COMMUNITY SUPPORT PROGRAMS IN ITS WORLD CLASS FACILITY. false false 4335788 0 1595599 TRACK AND FIELD MEETS: TYPICALLY, OVER 100 TRACK AND FIELD MEETS ARE HELD EACH YEAR AT THE ARMORY RANGING IN SIZE FROM 100 ATHLETES TO OVER 5,000. THE ARMORY TRACK IS CONSIDERED TO BE THE FASTEST TRACK IN THE WORLD AND ATTRACTS ATHLETES AND SPECTATORS FROM ALL OVER THE UNITED STATES. TRACK PRACTICES: IN A NORMAL YEAR, THE ARMORY HOSTS 220 TRACK PRACTICE SESSIONS EACH SEASON ATTRACTING APPROXIMATELY 50,000 VISITS OF MOSTLY YOUNG ATHLETES. THE TRACK SEASON RUNS FROM OCTOBER THROUGH THE MIDDLE OF APRIL. THE OBJECTIVE IS TO FULFILL THE MISSION OF THE ARMORY OF KEEPING KIDS ON TRACK. TRACK AND FIELD ACTIVITIES RETURNED TO NORMAL LEVELS AFTER TWO YEARS THAT WERE IMPACTED BY COVID. 971206 0 0 HIGH SCHOOL TRAINING: UP TO 2,000 NEW YORK CITY STUDENTS TRAIN AT THE ARMORY, TUESDAYS AND THURSDAYS FROM NOVEMBER TO APRIL ON THE FABLED ARMORY TRACK. TRAINING INCLUDES A SUPPLEMENTAL COACHING STAFF PAID BY THE ARMORY TO HELP STUDENTS DEVELOP THEIR SKILLS. MOST STUDENTS HAVE COACHES WHO ARE FLUENT IN ONE OF THE EVENTS OF TRACK AND FIELD. FEW ARE EXPERTS IN THROWING, POLEVAULTING, HURDLES OR EVEN RACE-WALKING. IN ORDER TO PROVIDE THE BEST POSSIBLE EXPERIENCE, THE ARMORY BRINGS IN THESE COACHES. YOUTH TRAINING: IN A NORMAL YEAR, AS MANY AS 500 STUDENTS IN GRADES 2-8 FROM WASHINGTON HEIGHTS, INWOOD AND HARLEM TRAIN AT THE ARMORY MONDAYS AND WEDNESDAYS FROM OCTOBER TO MAY ON THE CITY TRACK, LITTLE FEET AND TINY FEET PROGRAMS. A FULL COACHING STAFF IS PROVIDED TO THE CHILDREN TO TEACH THE BASICS OF TRACK AND FIELD AND TO ENSURE THE CHILDREN HAVE PLENTY OF FUN AT THE SAME TIME. 922859 0 1073722 ARMORY COLLEGE PREP HIGH SCHOOL: THIS IS A FOCUSED PROGRAM TARGETING HIGH SCHOOL STUDENTS WHO PRACTICE AT THE ARMORY, MANY OF WHOM WILL BE FIRST GENERATION COLLEGE STUDENTS. ARMORY COLLEGE PREP SUPPLIES RIGOROUS ACADEMIC INSTRUCTION, SAT PREP CLASSES, ONE-ON-ONE COLLEGE COUNSELING, INCLUDING FINANCIAL AID AND NCAA REGULATION INFORMATION AND MULTIPLE TRIPS TO VISIT COLLEGES. IN A TYPICAL YEAR, THIS PROGRAM WORKS WITH OVER 80 STUDENTS EACH YEAR TO COMPLETE HIGH SCHOOL, GAIN ACCEPTANCE TO AND TO SUCCEED AT COLLEGE. DUE TO COVID-19, THE NUMBER OF STUDENTS IN ACP WAS REDUCED BY APROXIMATELY 20%. ARMORY COLLEGE PREP MIDDLE SCHOOL: THIS PROGRAM WORKS WITH STUDENTS IN GRADES 4-8 FROM WASHINGTON HEIGHTS, INWOOD AND HARLEM. THE FOCUS OF THE PROGRAM IS TO ENGAGE THE STUDENTS IN MATH, READING AND ROBOTICS, ENCOURAGE GOOD STUDY HABITS AND PROVIDE GUIDANCE ON HIGH SCHOOL CHOICE FOR CHILDREN AND THEIR FAMILIES. THE ARMORY HAS EXPERIENCED STEADY ENROLLMENT OF APPROXIMATELY 60 STUDENTS. 504377 0 0 ARMORY COLLEGE PREP MIDDLE SCHOOL 247398 0 0 YOUTH TRAINING 230958 0 853372 OTHER 199090 0 0 SUNY ATTAIN LAB/COMMUNITY PARTNERS 108660 0 0 COMMUNITY RELATIONS 99625 0 0 HALL OF FAME 1390108 853372 7619961 true true false false false false false false true true false false false false false true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 455 0 105 true true true false false false false true true false false false false false false X 22 22 false false false false false false false true true false false false true true true true true true false false NY X CHENELLE FRANCIS 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 EDWARD STERN TREASURER 2.0 X X 0 0 0 MICHAEL BLUM VICE CHAIRMAN 2.0 X X 0 0 0 MICHAEL FRANKFURT CHAIRMAN 2.0 X X 0 0 0 SANDRA HARRIS SECRETARY 2.0 X X 0 0 0 ANDREW HOGUE DIRECTOR 2.0 X 0 0 0 CHRIS BILSKY DIRECTOR 2.0 X 0 0 0 GERRY BYRNE DIRECTOR 2.0 X 0 0 0 JACQUELINE VALOUCH DIRECTOR 2.0 X 0 0 0 JANE OTT DIRECTOR 2.0 X 0 0 0 JOHN JENKINS DIRECTOR 2.0 X 0 0 0 KERRI DONNER DIRECTOR 2.0 X 0 0 0 LISA STONE DIRECTOR 2.0 X 0 0 0 MARIA LUNA DIRECTOR 2.0 X 0 0 0 MARY BETH HOGAN DIRECTOR 2.0 X 0 0 0 MARY DARLING DIRECTOR 2.0 X 0 0 0 MICHAEL YAKER DIRECTOR 2.0 X 0 0 0 REMYSELL SALAS DIRECTOR 2.0 X 0 0 0 RICHARD GORDON DIRECTOR 2.0 X 0 0 0 ROBERT ESNARD DIRECTOR 2.0 X 0 0 0 SHAHABUDD EEN ALLY DIRECTOR 2.0 X 0 0 0 TOM LABREQUE DIRECTOR 2.0 X 0 0 0 WENDY HILLIARD DIRECTOR 2.0 X 0 0 0 GLENNIS AQUINO-GIL CHIEF ADMINISTRATIVE OFFICER 45.0 X 149417 0 14529 JONATHAN SCHINDEL CO-PRESIDENT 45.0 X 309607 0 39556 RITA FINKEL CO-PRESIDENT 45.0 X 329547 0 14529 ALBERTO AQUINO DIRECTOR OF YOUTH PROGRAMMING 40.0 X 123267 0 14529 CLAYTON D HARDING DIRECTOR OF WRITING INSTITUTE 40.0 X 112672 0 1000 JOHN CARPENTER DIRECTOR OF FACILITIES 40.0 X 128304 0 14529 KENNETH DWYER BUILDING MANAGER 40.0 X 127629 0 14529 MARY ROSE SYNEK DIRECTOR OF INST. WRITING & AR 40.0 X 112388 0 14529 1392831 0 127730 8 false true false THE STATE GROUP 84 GARDEN ROAD SHREWSBURY NJ 07702 TUTORING 234781 1 134640 141637 3533167 3809444 TRACK MEETS AND EVENTS 711210 1595599 1595599 VENUE RENTALS 711210 853372 853372 ADMISSIONS 532000 1073722 1073722 0 0 0 0 3522693 20103 20103 609556 262946 346610 0 346610 64270 282340 1090302 1068916 21386 0 21386 21386 4300 134640 34350 -30050 -30050 MISCELLANEOUS 900099 71992 71992 ADVERTISING 541800 3105 3105 0 0 0 0 75097 7765283 3522693 67375 365771 X 944666 755732 94467 94467 2524658 2488172 29684 6802 14962 13917 868 177 294124 275541 16999 1584 326191 295820 21562 8809 52500 26250 26250 1162 1162 850222 811098 23774 15350 75117 75117 1497426 1364260 56669 76497 70358 54351 15434 573 210855 209125 1730 831705 783350 27200 21155 69695 68167 1528 EDUCATIONAL/TUTORING FEES 285289 285289 MISCELLANEOUS 142964 113772 27947 1245 0 0 0 0 8191894 7619961 343746 228187 490937 1625829 1623160 146637 379509 262719 0 0 27276 161914 23400705 16896881 6435247 6503824 1840046 850763 0 0 0 0 10796175 9551686 821670 453388 102560 106369 0 0 0 924230 559757 X 9582940 8729047 289005 262882 9871945 8991929 10796175 9551686 -426611 54697 -508102 0 X false true X true false X 1315255 4739180 3828224 4884236 3809444 18576339 0 0 1315255 4739180 3828224 4884236 3809444 18576339 846774 17729565 627256 329329 3686179 429515 629659 5701938 128817 64880 93728 22337 67375 377137 19664 4508 16633 18410 71992 131207 24786621 14153728 0.7153 0.7408 X 0 0 0 0 0 0 Schedule A, Part II OTHER INCOME DESCRIPTION 2018 2019 2020 2021 2022 TOTAL MISCELLANEOUS 19,664. 4,508. 16,633. 18,410. 13,878. 73,093. TOTALS 18,410. -------------- ============== 16,633. -------------- ============== 4,508. -------------- ============== 19,664. -------------- ============== 73,093. -------------- ============== 13,878. -------------- ============== Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 19664.0, COLUMN B - 4508.0, COLUMN C - 16633.0, COLUMN D - 18410.0, COLUMN E - 71992.0, COLUMN F - 131207.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 770783 68534 4619 834698 708250 173518 -77651 33334 770783 640876 50723 89549 72898 708250 448901 189854 17527 15406 640876 312775 123568 21642 9084 448901 0.691 0.304 0.005 false false 15201061 12251010 2950051 8199644 4645871 3553773 6503824 8569888 54697 486962 262946 804605 7765283 0 0 7765283 8941802 486962 262946 749908 8191894 0 0 8191894 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS ARE RESTRICTED FUNDS. ONLY INTEREST (100%), DIVIDENDS (100%), AND CAPITAL APPRECIATION (65%) CAN BE DISTRIBUTED SEMI-ANNUALLY TO THE ARMORY. HOWEVER, WITH THE BOARD'S AUTHORIZATION, THE ARMORY CAN BORROW FROM THESE FUNDS OR AGAINST THEM INSTEAD OF USING A REGULAR LENDER SUCH AS THE FUND FOR THE CITY OF NEW YORK, IF NEED BE. IN THAT SENSE, THE FUNDS SERVE BOTH AS A RESERVE AND SOURCE OF INCOME FOR NORMAL OPERATIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENT EXPENSES - 262946 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENT EXPENSES - 262946 INDOOR MARATHON 125610 121310 4300 BENEFIT 13330 13330 0 34350 0 138940 134640 4300 34350 34350 -30050 X X false false false false false false false false false JONATHAN SCHINDEL CO-PRESIDENT 309607 0 0 0 0 0 1000 0 38556 0 349163 0 0 0 RITA FINKEL CO-PRESIDENT 329547 0 0 0 0 0 1000 0 13529 0 344076 0 0 0 GLENNIS AQUINO-GIL CHIEF ADMINISTRATIVE OFFICER 149417 0 0 0 0 0 1000 0 13529 0 163946 0 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 504,377 including grants of $ 0)(Revenue $ 0) ARMORY COLLEGE PREP MIDDLE SCHOOL Form 990, Part III, Line 4d Description of other program services (Expenses $ 247,398 including grants of $ 0)(Revenue $ 0) YOUTH TRAINING Form 990, Part III, Line 4d Description of other program services (Expenses $ 230,958 including grants of $ 0)(Revenue $ 853,372) OTHER Form 990, Part III, Line 4d Description of other program services (Expenses $ 199,090 including grants of $ 0)(Revenue $ 0) SUNY ATTAIN LAB/COMMUNITY PARTNERS Form 990, Part III, Line 4d Description of other program services (Expenses $ 108,660 including grants of $ 0)(Revenue $ 0) COMMUNITY RELATIONS Form 990, Part III, Line 4d Description of other program services (Expenses $ 99,625 including grants of $ 0)(Revenue $ 0) HALL OF FAME Form 990, Part VI, Line 11b Review of form 990 by governing body THE CFO AND COO REVIEWED THE 990 BEFORE IT WAS FILED. ANY QUESTIONS ARE BROUGHT UP TO THE PREPARER BEFORE APPROVAL IS GIVEN FOR FILING. Form 990, Part VI, Line 12c Conflict of interest policy EVERY EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST AND DISCLOSURE FORM IN ORDER TO ENSURE EMPLOYEE COMPLIANCE WITH THE EMPLOYEE MANUAL AND CONFLICT OF INTEREST POLICY WHICH IS UPDATED YEARLY. BOARD MEMBERS ARE ALSO REQUIRED TO SIGN CONFLICT OF INTEREST AND DISCLOSURE FORM. IF A CONFLICT ARISES, IT IS BROUGHT BEFORE THE BOARD. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION AND PERFORMANCE OF THE CO PRESIDENTS ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE USING COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. ALL OTHER OFFICERS' COMPENSATION IS REVIEWED BY MANAGEMENT ANNUALLY. THIS PROCESS WAS PERFORMED IN MAY 2023. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.ARMORY.NYC. THE GOVERNING DOCUMENTS ARE AVAILABLE ON UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Track officials and coaches - Total Expense: 674563, Program Service Expense: 666944, Management and General Expenses: , Fundraising Expenses: 7619; OTHER PROFESSIONAL FEES - Total Expense: 175659, Program Service Expense: 144154, Management and General Expenses: 23774, Fundraising Expenses: 7731; FORM 990, PAGE 1, BOX B AMENDED RETURN THE FORM 990 IS BEING AMENDED DUE TO THE ISSUANCE OF THE AUDITED FINANCIAL STATEMENTS. CHANGES WERE MADE TO PARTS I, III, IV, V, VIII, IX, X, XI, AND XII. ALSO, THERE WERE CHANGES TO SCHEDULES A, D, G, AND O.