2024-05-15T20:24:31-05:00 2023-06-30 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-07-01 133680286 THE ARMORY FOUNDATION % CHENELLE FRANCIS ARMO 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 JONATHAN SCHINDEL CO-PRESIDENT AND CFO 2129231803 2024-05-15 true JONATHAN SCHINDEL 999009999 Aaron Shapiro P01333816 2128674000 2024-05-15 2 2022 2023-04-26 12:10:37Z JONATHAN SCHINDEL 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 8937786 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 67376 66375 4884236 4603090 3392994 4074055 -137420 41489 91180 -6374 8230990 8712260 0 0 0 0 3762831 4266471 0 0 162449 4142932 4500516 7905763 8766987 325227 -54727 10796175 10550500 924230 483229 9871945 10067271 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 1928142 1492311 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. RETURNED TO NORMAL LEVELS AFTER TWO YEARS THAT WERE IMPACTED BY COVID. 838340 1211125 ARMORY COLLEGE PREP HIGH SCHOOL: THIS IS A FOCUSED PROGRAM TARGETING HIGH SCHOOL STUDENTS WHO PRACTICE AT THE ARMORY, MANY OF WHOM WILL BE FIRSTGENERATION 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. 425334 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. 4645370 1370619 THE ARMORY SUCCESSFULLY POLOTED A NO-COST PROGRAM 60+) FROM WASHINGTON HEIGHTS, INWOOD, AND HARLEM 90 MINUTE SESSION WHICH INCLUDES SUPERVISED WALKI FITNESS AND HEALTHY LIVING CONVERSATIONS. MORT TH SIGNED UP AND THIS PROGRAM IS OFFERED IN PARTNERS ASSOCIATES IN INTERNAL MEDICINE FROM COLUMBIA UNI CENTER. 4645370 1370619 7837185 true true false false false false false false false true true false false false false false false 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 false 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 JONATHAN SCHINDEL CO-PRESIDENT 45.0 0.0 X 309607 0 39556 RITA FINKEL CO-PRESIDENT 45.0 0.0 X 329547 0 14529 GLENNIS AQUINO-GIL CHIEF ADMINISTRATIVE OFFICER 45.0 0.0 X 149417 0 14529 JOHN CARPENTER DIRECTOR OF FACILITIES 40.0 0.0 X 128304 0 14529 KENNETH DWYER BUILDING MANAGER 40.0 0.0 X 127629 0 14529 ALBERTO AQUINO DIRECTOR OF YOUTH PROGRAMMING 40.0 0.0 X 123267 0 14529 MARY ROSE SYNEK DIRECTOR OF INST. WRITING & AR 40.0 0.0 X 112388 0 14529 CLAYTON D HARDING DIRECTOR OF WRITING INSTITUTE 40.0 0.0 X 112672 0 1000 MICHAEL FRANKFURT CHAIRMAN 2.0 0.0 X X 0 0 0 MICHAEL BLUM VICE CHAIRMAN 2.0 0.0 X X 0 0 0 EDWARD STERN TREASURER 2.0 0.0 X X 0 0 0 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 GERRY BYRNE 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 RICHARD GORDON DIRECTOR 2.0 0.0 X 0 0 0 ROBERT ESNARD DIRECTOR 2.0 0.0 X 0 0 0 SHAHABUDD EEN ALLY DIRECTOR 2.0 0.0 X 0 0 0 TOM LABREQUE DIRECTOR 2.0 0.0 X 0 0 0 WENDY HILLIARD DIRECTOR 2.0 0.0 X 0 0 0 1392831 0 127730 8 false true false THE STATE GROUP 84 GARDEN ROAD SHREWSBURY NJ 07702 TUTORING 234781 1 134710 141637 4326743 4603090 TRACK MEETS AND EVENTS 711210 1492311 1492311 VENUE RENTALS 711210 1370619 1370619 ADMISSIONS 532000 1211125 1211125 4074055 20103 20103 0 0 200681 189688 10993 0 10993 64271 10933 22874 1488 21386 21386 21386 0 134710 34350 -34350 -34350 0 0 0 0 0 0 MISCELLANEOUS 900099 13878 13878 ADVERTISING 541800 3105 3105 16983 8712260 4074055 67376 31950 0 0 0 0 944666 755732 94467 94467 0 2666107 2635669 30438 14963 14627 285 51 310115 306138 3977 330620 313393 10759 6468 0 495992 495992 1162 1162 0 0 0 900782 853847 29312 17623 75649 71707 2462 1480 1423617 1366298 46326 10993 70661 66980 2299 1382 0 0 210895 199906 6863 4126 0 0 0 0 835088 791576 27174 16338 51699 49006 1682 1011 EDUCATIONAL/TUTORING FEES 285290 270424 9284 5582 MISCELLANEOUS 149681 141882 4871 2928 8766987 7837185 767353 162449 490937 1826432 0 0 1623160 5000 379509 696431 0 0 0 0 0 0 0 0 27276 36914 23523705 16377654 6435247 7146051 1840046 839672 0 0 0 0 0 0 0 0 10796175 10550500 821670 386269 0 0 102560 96960 0 0 0 0 0 0 0 0 0 0 0 0 924230 483229 X 9582940 9778266 289005 289005 9871945 10067271 10796175 10550500 -54727 250053 X false false false X 1315255 4739180 3828224 4884236 4603090 19369985 0 0 1315255 4739180 3828224 4884236 4603090 19369985 827174 18542811 627256 329329 3686179 429515 220784 5293063 128817 64880 93728 22337 67376 377138 19664 4508 16633 18410 13878 73093 25113279 14705090 0.73837 0.74078 X 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 0.69100 0.30400 0.00500 true false 15201061 12245518 2955543 8197644 4132136 4065508 125000 125000 7146051 SCHEDULE D, PART V, LINE 4 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. EVENT 134710 134710 34350 0 134710 134710 34350 34350 -34350 X X false false false false false false false true false RITA FINKEL CO-PRESIDENT 329547 1000 13529 344076 JONATHAN SCHINDEL CO-PRESIDENT 309607 1000 38556 349163 GLENNIS AQUINO-GIL CHIEF ADMINISTRATIVE OFFICER 149417 1000 13529 163946 FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15A 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, SECTION C, LINE 19 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 DESCRIPTION:OTHER TOTAL FEES:900782