Civic Intelligence

The Armory Foundation

990 • Fiscal year 2015 • EIN 13-3680286

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 08, 2016

Organization ProfileWWW.ARMORYTRACK.COM

View Organization Page

216 Fort Washington AvenueNew York, NY 10032-3704

(212) 923-1803

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.12x

Higher debt load relative to assets than 42% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.20x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

12th percentile

-20%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$262,208

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

11th percentile

-9.4%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

2.3%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$8,943,650

Down $930,663 (-9.4%) from 2014

Net Assets

Down

$7,888,116

Down $1,049,139 (-12%) from 2014

Liabilities

Up

$1,055,534

Up $118,476 (+13%) from 2014

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin12th percentile

Revenue

Up

$5,402,361

Up $121,337 (+2.3%) from 2014

Expenses

Up

$6,458,765

Up $829,668 (+15%) from 2014

Net Income

Down

-$1,056,404

Down $708,331 (-204%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10MAssets 2010: $9,357,132Liabilities 2010: $380,033Net Assets 2010: $8,977,0992010Assets 2011: $10,808,705Liabilities 2011: $494,256Net Assets 2011: $10,314,4492011Assets 2012: $10,226,747Liabilities 2012: $536,539Net Assets 2012: $9,690,2082012Assets 2013: $9,905,764Liabilities 2013: $620,976Net Assets 2013: $9,284,7882013Assets 2014: $9,874,313Liabilities 2014: $937,058Net Assets 2014: $8,937,2552014Assets 2015: $8,943,650Liabilities 2015: $1,055,534Net Assets 2015: $7,888,1162015Assets 2016: $8,685,290Liabilities 2016: $1,759,035Net Assets 2016: $6,926,2552016Assets 2017: $7,634,440Liabilities 2017: $1,428,366Net Assets 2017: $6,206,0742017Assets 2018: $9,509,777Liabilities 2018: $1,484,495Net Assets 2018: $8,025,2822018Assets 2019: $7,937,060Liabilities 2019: $547,109Net Assets 2019: $7,389,9512019Assets 2020: $9,571,328Liabilities 2020: $1,961,967Net Assets 2020: $7,609,3612020Assets 2021: $12,095,607Liabilities 2021: $2,458,284Net Assets 2021: $9,637,3232021Assets 2022: $10,796,175Liabilities 2022: $924,230Net Assets 2022: $9,871,9452022Assets 2023: $10,550,500Liabilities 2023: $483,229Net Assets 2023: $10,067,2712023Assets 2024: $14,008,903Liabilities 2024: $19,137,306Net Assets 2024: -$5,128,4032024

Highlighted filing

2015

Assets$8,943,650
Liabilities$1,055,534
Net Assets$7,888,116
Open 2015 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,794,7922010Expenses 2011: $4,305,1892011Expenses 2012: $4,970,9242012Revenue 2013: $4,722,140Expenses 2013: $5,126,026Net Income 2013: -$403,8862013Revenue 2014: $5,281,024Expenses 2014: $5,629,097Net Income 2014: -$348,0732014Revenue 2015: $5,402,361Expenses 2015: $6,458,765Net Income 2015: -$1,056,4042015Revenue 2016: $5,563,798Expenses 2016: $6,524,028Net Income 2016: -$960,2302016Revenue 2017: $6,095,058Expenses 2017: $6,815,239Net Income 2017: -$720,1812017Revenue 2018: $8,943,213Expenses 2018: $7,121,887Net Income 2018: $1,821,3262018Revenue 2019: $6,143,284Expenses 2019: $6,777,181Net Income 2019: -$633,8972019Revenue 2020: $7,445,185Expenses 2020: $7,226,541Net Income 2020: $218,6442020Revenue 2021: $6,508,485Expenses 2021: $4,567,316Net Income 2021: $1,941,1692021Revenue 2022: $8,230,990Expenses 2022: $7,905,763Net Income 2022: $325,2272022Revenue 2023: $8,712,260Expenses 2023: $8,766,987Net Income 2023: -$54,7272023Revenue 2024: $9,239,866Expenses 2024: $10,272,523Net Income 2024: -$1,032,6572024

Highlighted filing

2015

Revenue$5,402,361
Expenses$6,458,765
Net Income-$1,056,404
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 8, 2016
Return Version
2014v6.0
Gross Receipts
$5,455,882
Mission and Program Overview

Mission

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.

See schedule othe armory foundation is dedicated to serving youth by promoting fitness and education through a broad range of athletic, educational and community programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,806,157$8,176,532▼ $629,625
Cash and Non-Interest-Bearing Accounts$793,341$307,022▼ $486,319
Accounts Receivable$74,728$230,932▲ $156,204
Investments in Publicly Traded Securities$44,897$204,276▲ $159,379
Prepaid Expenses and Deferred Charges$23,577$19,667▼ $3,910
Savings and Temporary Cash Investments$131,613$5,221▼ $126,392
Total Assets$9,874,313$8,943,650▼ $930,663
Liabilities
Unsecured Notes Loans Payable$500,000$500,000→ $0
Deferred Revenue$327,759$285,125▼ $42,634
Accounts Payable and Accrued Expenses$109,299$270,409▲ $161,110
Total Liabilities$937,058$1,055,534▲ $118,476
Net Assets / Fund Balance
Unrestricted Net Assets$8,915,331$7,866,192▼ $1,049,139
Temporarily Rstr Net Assets$21,924$21,924→ $0
Total Net Assets Fund Balance$8,937,255$7,888,116▼ $1,049,139
Total Liabilities and Net Assets / Fund Balance$9,874,313$8,943,650▼ $930,663

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,062,631$8,304,755$13,367,386
Equipment$2,582,594$2,206,396$4,788,990
Other Land Buildings$531,307$554,808$1,086,115
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Norbert W Sander JrCEOFT$238,308$23,900$262,208
Maria LupardoAssociate VP of Special EventsFT$146,360$4,905$151,265
Rita FinkelChief Operating OfficerFT$132,686-$132,686

Board Members and Trustees

NameTitle
Mike FrankfurtChair
Andrew GouldDirector
Andrew HogueDirector
Clayton BanksDirector
Dan ShedrickDirector
David KuhnsDirector
Gerry ByrneDirector
John JenkinsDirector
Lisa StoneDirector
Maria LunaDirector
Nina BrodyDirector
Richard GordonDirector
Robert EsnardDirector
Shaun McalmontDirector
Tim SullivanDirector
Wendy HilliardDirector
Will NesbittDirector
Cedric JonesDirector-joined July 2014
James T ConroySecretary
Michael BlumTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
State GroupTutoring84 GARDEN ROAD SUITE 214, Shrewsbury, NJ 07702$116,244
Revenue and Support

Revenue Composition

Contributions and Grants
$1,896,683
Program Service Revenue
$3,403,069
Investment Income
$-7,425
Other Revenue
$110,034
All Other Contributions
$1,862,083
Change in Net Assets
$-1,056,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,402,361
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,265
Total Revenue per Audited Statements
$5,409,626
Total Revenue per Form 990
$5,402,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,679,231
Salaries, Compensation, and Employee Benefits$2,779,534
Total Fundraising Expense$132,738
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,813,816$96,067$78,684$1,988,567
Depreciation Depletion$1,090,998$1,379-$1,092,377
Office Expenses$954,910$22,031$1,755$978,696
Fees for Services Other$907,797$100$22,491$930,388
Current Officers, Directors, Trustees, and Key Employees$381,116$20,940$16,752$418,808
Travel$272,762$2,190-$274,952
Other Employee Benefits$182,074$4,909$6,173$193,156
Payroll Taxes$168,084$5,039$5,880$179,003
Advertising$133,876$719$45$134,640
All Other Expenses$12,224$66,230$203$78,657
Information Technology$53,450$3,795$755$58,000
Insurance$20,894$12,445-$33,339
Fees for Services Lobbying$33,000--$33,000
Fees for Services Accounting-$32,127-$32,127
Other Expenses$11,520--$11,520
Fees for Services Legal-$9,843-$9,843
Total Functional Expenses$6,048,213$277,814$132,738$6,458,765

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,458,765
Total Expenses per Audited Statements$6,458,765
Total Expenses per Form 990$6,458,765
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,400
Fundraising Direct Expenses$7,650
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$43,000$8,400$7,650$750
Total Events$43,000$8,400$7,650$750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The executive director and coo reviewed the 990 before it was filed. The 990 was then reviewed by the audit committee and a copy of the 990 was provided to all board members.”

Form 990, Part VI, Section B, Line 12C

“The armory's conflict of interest policy is reviewed each year, and signed at the september board of director's meeting of the year. The policy is monitored by dr. Norbert sander who is in regular contact with the board members. If a conflict should arise, dr. Sander would recuse the individual from voting on that particular matter.”

Form 990, Part VI, Section B, Line 15A

“The executive director's compensation and performance is 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. This process was last performed july 1, 2014.”

Form 990, Part VI, Section C, Line 19

“The governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Armory Foundation
EIN
13-3680286
Phone
2129231803
Address
216 FORT WASHINGTON AVENUE, NEW YORK, NY 10032-3704

Signing Officer

Name
Rita Finkel
Title
Chief Operating Officer
Phone
2129231803
Signed
2016-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rita Finkel
Formed
1992
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
85
Volunteers
20

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Eric Goldfarb
Phone
2128674000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Track officials and coaches: program service expenses 332,686. Management and general expenses 100. Fundraising expenses 0. Total expenses 332,786. Professional fees: program service expenses 66,870. Management and general expenses 0. Fundraising expenses 22,491. Total expenses 89,361. Educational/tutoring fees: program service expenses 421,409. Management and general expenses 0. Fundraising expenses 0. Total expenses 421,409. Public relations/marketing: program service expenses 86,832. Management and general expenses 0. Fundraising expenses 0. Total expenses 86,832.”

Form 990, Part IX Line 17

“Travel costs include transportation for various track and field events.”

FORM 990, PART XII, LINE 2C:

“Chief operating officer tracks and monitors compliance on behlaf of the board.”

Form 990, Part XII, Line 2C

“The process has not changed since the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The armory has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2012 and subsequent remain subject to examination by applicable taxing authorities.”

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IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW GOULD
IRS990/Form990PartVIISectionAGrp/PersonNm5CLAYTON BANKS
IRS990/Form990PartVIISectionAGrp/PersonNm6LISA STONE
IRS990/Form990PartVIISectionAGrp/PersonNm7WENDY HILLIARD
IRS990/Form990PartVIISectionAGrp/PersonNm8GERRY BYRNE
IRS990/Form990PartVIISectionAGrp/PersonNm9ANDREW HOGUE
IRS990/Form990PartVIISectionAGrp/PersonNm10NINA BRODY
IRS990/Form990PartVIISectionAGrp/PersonNm11MARIA LUNA
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBERT ESNARD
IRS990/Form990PartVIISectionAGrp/PersonNm13RICHARD GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm14DAN SHEDRICK
IRS990/Form990PartVIISectionAGrp/PersonNm15TIM SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm17SHAUN MCALMONT
IRS990/Form990PartVIISectionAGrp/PersonNm18WILL NESBITT
IRS990/Form990PartVIISectionAGrp/PersonNm19CEDRIC JONES
IRS990/Form990PartVIISectionAGrp/PersonNm20DR NORBERT W SANDER JR
IRS990/Form990PartVIISectionAGrp/PersonNm21RITA FINKEL
IRS990/Form990PartVIISectionAGrp/PersonNm22MARIA LUPARDO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR-JOINED JULY 2014
IRS990/Form990PartVIISectionAGrp/TitleTxt20CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22ASSOCIATE VP OF SPECIAL EVENTS
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IRS990/InformationTechnologyGrp/TotalAmt058000
IRS990/InsuranceGrp/ManagementAndGeneralAmt012445
IRS990/InsuranceGrp/ProgramServicesAmt020894
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09086
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE OTHE ARMORY TRACK & FIELD 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 TRACK & FIELD 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 TRACK & FIELD FOUNDATION PROMOTES EXCELLENCE, FITNESS AND COMMUNITY BY HOSTING OVER 100 TRACK EVENTS EACH YEAR, MAINTAINING THE NATIONAL TRACK AND FIELD HALL OF FAME, OPERATING THE LARGEST AFTER SCHOOL ACTIVITY CENTER IN NEW YORK AND OFFERING A VARIETY OF COMMUNITY SUPPORT PROGRAMS IN ITS WORLD CLASS FACILITY.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0750
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01755
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022031
IRS990/OfficeExpensesGrp/ProgramServicesAmt0954910
IRS990/OfficeExpensesGrp/TotalAmt0978696
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04909
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IRS990/OtherExpensesGrp/Desc0PAYROLL FEES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
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IRS990/OtherExpensesGrp/TotalAmt111520
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0168084
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019667
IRS990/PrincipalOfficerNm0RITA FINKEL
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IRS990/ProgramServiceRevenueGrp/Desc0TRACK MEETS AND EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1VENUE RENTALS
IRS990/ProgramServiceRevenueGrp/Desc2ADMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc3COMMUNITY PARTNER RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01518329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11397887
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2385853
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3101000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01518329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11397887
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2385853
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3101000
IRS990/ProgSrvcAccomActy2Grp/Desc0VENUE RENTAL: WHEN THE ARMORY IS NOT BEING USED FOR TRACK & FIELD, THE SPECIAL EVENTS DIRECTOR REACHES OUT TO VARIOUS GROUPS TO PROVIDE ADDITIONAL STREAMS OF INCOME TO HELP OFFSET THE COST OF THE PROGRAMS HELPING THE YOUNG STUDENT ATHLETES OF NEW YORK CITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0777760
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01397887
IRS990/ProgSrvcAccomActy3Grp/Desc0ARMORY COLLEGE PREP: THIS IS A FOCUSED PROGRAM SET TO TARGET 6TH GRADE THROUGH HIGH SCHOOL STUDENTS, MANY OF WHOM WILL BE FIRST-GENERATION COLLEGE STUDENTS. ARMORY COLLEGE PREP SUPPLIES COLLEGE READINESS COURSES, SAT PREP CLASSES AND ONE-ON-ONE COLLEGE COUNSELING, INCLUDING FINANCIAL AID AND NCAA REGULATION INFORMATION. THIS PROGRAM WORKS WITH OVER 150 STUDENTS EACH YEAR, TO COMPLETE HIGH SCHOOL AND GAIN ACCEPTANCE TO COLLEGE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0722554
IRS990/ProgSrvcAccomActyOtherGrp/Desc01)COMMUNITY PARTNERS - THIS PROGRAM PROVIDES BELOW-MARKET RENTAL SPACE TO COMMUNITY NOT-FOR-PROFIT ORGANIZATIONS AS A TANGIBLE COMMITMENT.2)HALL OF FAME - AWARDED TO THE ARMORY IN 2004, THE NATIONAL TRACK & FIELD HALL OF FAME IS A STATE-OF-THE-ART MUSEUM DEDICATED TO THE CELEBRATION OF EXCELLENCE IN THE SPORT'S PAST, PRESENT AND FUTURE.3)MIDDLE SCHOOL - ARMORY COLLEGE PREP FOR MIDDLE SCHOOL STUDENTS IS TARGETED AT HELPING 6-8TH GRADERS, AS A PREPARATORY PROGRAM FOR ARMORY COLLEGE PREP FOR HIGH SCHOOL STUDENTS. THIS IS A PROGRAM OFFERED TO STUDENTS WHO RUN AT THE ARMORY AND IS AIMED AT THE WASHINGTON HEIGHTS COMMUNITY TO HELP WITH HIGH SCHOOL PLACEMENT, ACADEMIC SUPPORT AND TO ENCOURAGE FAMILY INVOLVEMENT. 4)TECH AND LEARNING CENTER - A FORTY-STATION COMPUTER LAB OPEN TO THE COMMUNITY FOR ESL CLASSES, GED CLASSES AND A SERIES OF INTRODUCTORY CLASSES EXPLORING THE VARIOUS SOFTWARE PRODUCTS AVAILABLE FOR EVERYDAY USE. 5)TRAINING - TRAINING - AN AVERAGE OF 2,000 NEW YORK CITY STUDENTS PRACTICE AT THE ARMORY EACH TUESDAY AND THURSDAY FROM NOVEMBER TO APRIL ON THE FABLED ARMORY TRACK. SCHOOL-AFFILIATED COACHES ACCOMPANY STUDENTS, BUT MOST OF THESE COACHES ARE ONLY FLUENT IN ONE AREA OR SPORT OF TRACK & FIELD. FOR EXAMPLE, FEW ARE EXPERTS IN THROWING, POLE VAULTING OR RACE WALKING. TO ADDRESS THIS, THE ARMORY PROVIDES SUPPLEMENTAL COACHING STAFF PAID BY THE ARMORY TO HELP MANY STUDENTS REACH THEIR GOALS. THE ARMORY BRINGS IN THESE COACHES IN ORDER TO PROVIDE THE STUDENTS WITH BEST POSSIBLE EXPERIENCE
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0942940

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,943,650
Liabilities
$1,055,534
Net assets
$7,888,116
Revenue
$5,402,361
Expenses
$6,458,765
Net income
-$1,056,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$19.1$5.13$9.24$10.3$1.03
2023Detailed filing. Detailed filing data is available for this year.$10.6$0.48$10.1$8.71$8.77$0.05
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.92$9.87$8.23$7.91$0.33
2021Detailed filing. Detailed filing data is available for this year.$12.1$2.46$9.64$6.51$4.57$1.94
2020Detailed filing. Detailed filing data is available for this year.$9.57$1.96$7.61$7.45$7.23$0.22
2019Detailed filing. Detailed filing data is available for this year.$7.94$0.55$7.39$6.14$6.78$0.63
2018Detailed filing. Detailed filing data is available for this year.$9.51$1.48$8.03$8.94$7.12$1.82
2017Detailed filing. Detailed filing data is available for this year.$7.63$1.43$6.21$6.10$6.82$0.72
2016Detailed filing. Detailed filing data is available for this year.$8.69$1.76$6.93$5.56$6.52$0.96
2015Detailed filing. Detailed filing data is available for this year.$8.94$1.06$7.89$5.40$6.46$1.06
2014Detailed filing. Detailed filing data is available for this year.$9.87$0.94$8.94$5.28$5.63$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$0.62$9.28$4.72$5.13$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.54$9.69$4.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$0.49$10.3$4.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$0.38$8.98$3.79