2025-09-03T16:03:40+00:00 2024-06-30 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2023-07-01 133680286 THE ARMORY FOUNDATION ARMO 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 JONATHAN SCHINDEL CO-PRESIDENT AND CFO 2025-09-03 true true SHIRA FULLER P01417945 2125725500 2025-09-03 2023 2025-03-06 01:10:19Z X JONATHAN SCHINDEL 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 10478441 false X WWW.ARMORY.NYC X 1992 NY THE ARMORY FOUNDATION IS DEDICATED TO SERVING YOUTH AND ITS COMMUNITY BY PROMOTING FITNESS AND EDUCATION THROUGH A BROAD RANGE OF ATHLETIC, EDUCATIONAL AND COMMUNITY PROGRAMS. 20 18 127 508 -35853 0 3809444 5050963 3522693 3059127 41489 110775 391657 1019001 7765283 9239866 0 0 0 4104601 3691052 0 134753 4087293 6581471 8191894 10272523 -426611 -1032657 9551686 14008903 559757 19137306 8991929 -5128403 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 ITS 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 EDUCATIONAL CLASSES, COLLEGE PREPARATION PROGRAMS AND A VARIETY OF CULTURAL AND SCHOOL-COORDINATED EDUCATIONAL ACTIVITIES. THE ARMORY FOUNDATION HOSTS OVER 105 TRACK EVENTS EACH YEAR, MAINTAINS THE NATIONAL TRACK AND FIELD HALL OF FAME, OPERATES THE LARGEST AFTERSCHOOL ACTIVITY CENTER IN NEW YORK AND OFFERS A VARIETY OF COMMUNITY SUPPORT PROGRAMS IN ITS WORLD CLASS FACILITY. false false 6816785 3318712 TRACK AND FIELD MEETS: OVER 105 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 ATTRACTING APPROXIMATELY 70,000 VISITS OF MOSTLY YOUNG ATHLETES. PROGRAMMING EXTENDS BEYOND YOUTH AND REACHES COMMUNITY ADULTS AND SENIORS, BUT THE FOCUS REMAINS ON YOUTH. THE MAIN TRACK SEASON RUNS FROM OCTOBER THROUGH THE MIDDLE OF APRIL, BUT PROGRAMMING CONTINUES THROUGHOUT THE YEAR. THE OBJECTIVE IS TO FULFILL THE MISSION OF THE ARMORY OF KEEPING EVERYONE ON TRACK. 956535 168150 ARMORY COLLEGE PREP HIGH SCHOOL: THIS IS A COLLEGE SUCCESS 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 60 STUDENTS EACH YEAR TO COMPLETE HIGH SCHOOL, GAIN ACCEPTANCE TO FOUR-YEAR COLLEGES AND TO SUCCEED AT COLLEGE. 441808 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. ONLY VERY FEW OF THEM ARE EXPERTS IN THROWING, POLE VAULTING, 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 IN THE CITY TRACK, AND LITTLE FEET PROGRAMS. FULL COACHING STAFF IS PROVIDED TO THE CHILDREN TO TEACH THE BASICS OF TRACK AND FIELD AND ENSURE THE CHILDREN HAVE PLENTY OF FUN AT THE SAME TIME. THE ARMORY HAS STRUCTURED EXERCISE AND HEALTH-RELATED PROGRAMMING TWICE PER WEEK, YEAR-ROUND, FOR COMMUNITY SENIORS. 378148 75000 ARMORY COLLEGE PREP MIDDLE SCHOOL, ALSO KNOWN AS GREAT MINDS: 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, STEAM AND FINANCIAL LITERACY WHILE WE ENCOURAGE GOOD STUDY HABITS AND PROVIDE GUIDANCE ON HIGH SCHOOL CHOICE FOR CHILDREN AND THEIR FAMILIES. THE PROGRAM ALSO INCLUDES PARTICIPATION IN THE STOCK MARKET GAME, WHERE GROUPS OF OUR STUDENTS LEARN ABOUT THE ECONOMY, INVESTING AND WORLD EVENTS VIA INVESTING $100,000 OF FICTITIOUS MONEY IN THE STOCK MARKET. THE ARMORY HAS EXPERIENCED STEADY ENROLLMENT OF APPROXIMATELY 60 STUDENTS IN THE GREAT MINDS PROGRAM. 286781 YOUTH TRAINING 256425 150000 AIM HIGH SENIORS TRAINING 246700 ADULTS & COLLEGES TRAINING 219741 COMMUNITY RELATIONS 124876 174032 COMMUNITY PARTNERS 94619 MUSEUM HALL OF FAME 1607290 399032 9822418 true true false false false false false false true true false false true true false false true 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 true true true false false true 321 0 true 127 true true true false false false false true true false false false false false false X 20 18 false false false false false false false true true false false false true true true true true true false false NY X X CHENELLE FRANCIS 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 EDWARD STERN TREASURER 2.0 0.0 X X 0 0 0 JONATHAN B SCHINDEL CO-PRESIDENT 40.0 0.0 X X 351440 0 29955 MICHAEL BLUM VICE CHAIRMAN 2.0 0.0 X X 0 0 0 MICHAEL FRANKFURT CHAIRMAN 2.0 0.0 X X 0 0 0 RITA M FINKEL CO-PRESIDENT 40.0 0.0 X X 363771 0 15478 SANDRA HARRIS SECRETARY 2.0 0.0 X X 0 0 0 ANDREW HOGUE DIRECTOR 2.0 0.0 X 0 0 0 CHRIS BILSKY DIRECTOR 2.0 0.0 X 0 0 0 JACQUELINE VALOUCH DIRECTOR 2.0 0.0 X 0 0 0 JANE OTT DIRECTOR 2.0 0.0 X 0 0 0 JOHN JENKINS DIRECTOR 2.0 0.0 X 0 0 0 KERRI DONNER DIRECTOR 2.0 0.0 X 0 0 0 LISA STONE DIRECTOR 2.0 0.0 X 0 0 0 MARIA LUNA DIRECTOR 2.0 0.0 X 0 0 0 MARY BETH HOGAN DIRECTOR 2.0 0.0 X 0 0 0 MARY DARLING DIRECTOR 2.0 0.0 X 0 0 0 MICHAEL YAKER DIRECTOR 2.0 0.0 X 0 0 0 REMYSELL SALAS DIRECTOR 2.0 0.0 X 0 0 0 ROBERT ESNARD DIRECTOR 2.0 0.0 X 0 0 0 WENDY HILLIARD DIRECTOR 2.0 0.0 X 0 0 0 GLENNIS A AQUINO-GIL CHIEF OPERATING OFFICER 40.0 0.0 X 212878 0 1000 Clayton D Harding Director of College Admissions 40.0 0.0 X 119104 0 1000 JOHN CARPENTER DIRECTOR OF FACILITIES 40.0 0.0 X 141669 0 15478 KENNETH DWYER BUILDING MANAGER 40.0 0.0 X 134855 0 15478 Mary Rose Synek Dir. of Writing Institute 40.0 0.0 X 120836 0 15478 Tom Healy Director of Operations 40.0 0.0 X 113515 0 1000 1558068 0 94867 9 false true false Daktronics Inc PO BOX 5128 BROOKINGS SD 570065128 Ribbon/Screen Installation 269760 STATE GROUP LLC 84 GARDEN ROAD STE 214 SHREWSBURY NJ 07702 Tutoring 245309 FLYNN SPORTS MANAGEMENT 625-A HALES CHAPEL ROAD GRAY TN 37615 Track Management 143243 Fulton Accurate Timing 166 PLAINS ROAD NEW PALTZ NY 12561 Track Management 138286 Southside Complete Inc 165 AMBOY ROAD BLG G UNIT 712 MORGANVILLE NJ 07751 Flooring Installation 110375 5 322229 1239535 3489199 5050963 TRACK MEETS AND EVENTS 711210 1866843 1866843 ADMISSIONS 711210 1018252 1018252 COMMUNITY RENTALS 532000 174032 174032 0 0 0 0 3059127 109471 109471 1374433 875035 499398 0 499398 -36106 535504 1304 0 1304 0 1304 1304 56123 185184 112045 -55922 -55922 0 251495 -251495 -251495 Miscellaneous 900099 826767 826767 Advertising 541800 253 253 0 0 0 0 827020 9239866 3885894 -35853 338862 X 873839 716135 70320 87384 1987479 1909994 64239 13246 18681 17943 517 221 307175 264116 33610 9449 503878 483981 13940 5957 175904 175904 16590 7121 9469 3457976 3434432 17372 6172 97131 97131 1551605 1496507 54238 860 22171 20258 1886 27 182335 176486 5849 706679 685177 10751 10751 42191 13689 28502 Miscellaneous 328889 323544 4659 686 0 0 0 0 10272523 9822418 315352 134753 100000 100000 1525829 2039749 146637 1126637 262719 1009604 0 0 161914 845309 23478666 17248720 6503824 6229946 850763 1782016 0 0 0 875642 9551686 14008903 453388 361426 106369 155880 0 0 18620000 559757 19137306 X 8729047 -5128403 262882 0 8991929 -5128403 9551686 14008903 X -1032657 -6604 397229 -13478300 X false true X true false X 4739180 3828224 4884236 3809444 5050963 22312047 0 0 4739180 3828224 4884236 3809444 5050963 22312047 1555163 20756884 329329 3686179 429515 629659 1483904 6558586 64880 93728 22337 67375 0 248320 4508 16633 18410 71992 826767 938310 30057263 13042136 0.6906 0.7153 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 4508.0, COLUMN B - 16633.0, COLUMN C - 18410.0, COLUMN D - 71992.0, COLUMN E - 826767.0, COLUMN F - 938310.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 834698 256030 9454 4140 1096042 770783 0 68534 4619 834698 708250 173518 -77651 33334 770783 640876 50723 89549 72898 708250 448901 189854 17527 15406 640876 0.76 0.24 0.0 false true true 16042004 12895017 3146987 7436662 4353703 3082959 6229946 Other Assets 875642 875642 Notes Payable 18620000 18620000 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 FOUNDATION. HOWEVER, WITH THE BOARD'S AUTHORIZATION, THE ARMORY FOUNDATION 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 NEEDED. IN THAT SENSE, THE FUNDS SERVE BOTH AS A RESERVE AND A SOURCE OF INCOME FOR NORMAL OPERATIONS. Marathon Relay 211959 184984 26975 6966 65491 24188 BENEFIT 54348 25200 29148 15400 0 266307 210184 56123 6966 65491 39588 112045 -55922 X X false false false false false false false false false JONATHAN B SCHINDEL CO-PRESIDENT 306440 0 45000 0 0 0 1000 0 28955 0 381395 0 0 0 RITA M FINKEL CO-PRESIDENT 318771 0 45000 0 0 0 1000 0 14478 0 379249 0 0 0 GLENNIS A AQUINO-GIL CHIEF OPERATING OFFICER 188378 0 24500 0 0 0 1000 0 0 0 213878 0 0 0 JOHN CARPENTER DIRECTOR OF FACILITIES 127669 0 14000 0 0 0 1000 0 14478 0 157147 0 0 0 KENNETH DWYER BUILDING MANAGER 126355 0 8500 0 0 0 1000 0 14478 0 150333 0 0 0 Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 378,148 including grants of $)(Revenue $ 75,000) ARMORY COLLEGE PREP MIDDLE SCHOOL, ALSO KNOWN AS GREAT MINDS: 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, STEAM AND FINANCIAL LITERACY WHILE WE ENCOURAGE GOOD STUDY HABITS AND PROVIDE GUIDANCE ON HIGH SCHOOL CHOICE FOR CHILDREN AND THEIR FAMILIES. THE PROGRAM ALSO INCLUDES PARTICIPATION IN THE STOCK MARKET GAME, WHERE GROUPS OF OUR STUDENTS LEARN ABOUT THE ECONOMY, INVESTING AND WORLD EVENTS VIA INVESTING $100,000 OF FICTITIOUS MONEY IN THE STOCK MARKET. THE ARMORY HAS EXPERIENCED STEADY ENROLLMENT OF APPROXIMATELY 60 STUDENTS IN THE GREAT MINDS PROGRAM. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 286,781 including grants of $) YOUTH TRAINING Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 256,425 including grants of $)(Revenue $ 150,000) AIM HIGH SENIORS TRAINING Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 246,700 including grants of $) ADULTS & COLLEGES TRAINING Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 219,741 including grants of $) COMMUNITY RELATIONS Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 124,876 including grants of $)(Revenue $ 174,032) COMMUNITY PARTNERS Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 94,619 including grants of $) MUSEUM HALL OF FAME Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. Form 990, Part VI, Line 12c Conflict of interest policy BOARD MEMBERS AND OFFICERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AND DISCLOSURE FORM, AND ANY CONFLICTS THAT ARISE ARE BROUGHT BEFORE THE BOARD FOR REVIEW. EMPLOYEES MUST ALSO SIGN A CONFLICT OF INTEREST AND DISCLOSURE FORM TO ENSURE COMPLIANCE WITH THE EMPLOYEE MANUAL AND THE CONFLICT OF INTEREST POLICY, WHICH IS UPDATED ANNUALLY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION AND PERFORMANCE OF THE CO-PRESIDENTS ARE REVIEWED BI-ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ARMORY FOUNDATION. THE EXECUTIVE COMMITTEE USES COMPARABILITY INFORMATION FOR SIMILARLY QUALIFIED PERSONS AND EVALUATES THE PERFORMANCE OF THE CO-PRESIDENTS. ALL OTHER OFFICERS' COMPENSATION IS REVIEWED BY ARMORY FOUNDATION MANAGEMENT BI-ANNUALLY. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING RETAINED ON ALL COMPENSATION ARRANGEMENTS. THIS PROCESS IS PERFORMED BI-ANNUALLY IN MAY AND NOVEMBER OF EACH YEAR. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S FINANCIAL STATEMENTS WHICH ARE AVAILABLE ON WWW.ARMORY.NYC. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Track & Field Event fees - Total Expense: 1638650, Program Service Expense: 1638650, Management and General Expenses: , Fundraising Expenses: ; Educational/Tutoring Fees - Total Expense: 270562, Program Service Expense: 270562, Management and General Expenses: , Fundraising Expenses: ; Equipment rental and repairs - Total Expense: 327805, Program Service Expense: 304769, Management and General Expenses: 17372, Fundraising Expenses: 5664; Other professional fees - Total Expense: 1220959, Program Service Expense: 1220451, Management and General Expenses: , Fundraising Expenses: 508; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfer to Friends of the Armory Foundation - -13478300; Form 990, Section B Amended Return THE FORM 990 IS BEING AMENDED DUE TO THE ISSUANCE OF THE AUDITED FINANCIAL STATEMENTS. CHANGES WERE MADE TO FORM 990 PARTS I, III, VI, VII, VIII, IX, X, XI, AS WELL AS TO SCHEDULES A, D, G, J, O AND R. FRIENDS OF THE ARMORY FOUNDATION CORPORATION 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 932096111 SUPPORT ARMORY FOUNDATION NY 501(c)(3) Type II THE ARMORY FOUNDATION true false false false false false false false false false false false false false false true false false true false FRIENDS OF THE ARMORY FOUNDATION CORPORATION R 13478300 FMV