The Armory Foundation

“The form 990 was prepared by an independent accounting firm and reviewed by management.”

“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.”

“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.”

“The organization's financial statements which are available on www.armory.nyc. The governing documents are available upon request.”

“(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.”

“(Expenses $ 286,781 including grants of $) YOUTH TRAINING”

“(Expenses $ 256,425 including grants of $)(Revenue $ 150,000) AIM HIGH SENIORS TRAINING”

“(Expenses $ 246,700 including grants of $) ADULTS & COLLEGES TRAINING”

“(Expenses $ 219,741 including grants of $) COMMUNITY RELATIONS”

“(Expenses $ 124,876 including grants of $)(Revenue $ 174,032) COMMUNITY PARTNERS”

“(Expenses $ 94,619 including grants of $) MUSEUM HALL OF FAME”

“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: ;”

“Transfer to Friends of the Armory Foundation - -13478300;”

“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.”