The Armory Foundation

“The cfo 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 the full board of directors. Any questions are brought up to the preparer before approval is given for filing.”

“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.”

“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 january 2021 and may 2021.”

“The governing documents are available on www.armory.nyc”

“During the fiscal year, covid-19 continued to have a significant impact on our programs. The track and field season completed close to 2 dozen meets, and in january of 2021, new york presbyterian hospital opened a covid-19 mass vaccination center at the armory, until may of 2021, administering 208,000 vaccinations to members of the community and beyond. Track and field practices at the armory were cancelled beginning in january 2021 to make room for the vaccination center. Armory college prep, both high school and middle school programs, continued throughout the year, with the high school program in most months meeting remotely. Because our middle school students live in washington heights, inwood and harlem, our students were able to attend in-person. Our youth athletic programs, citytrack, little feet and tiny feet, provided in-person progamming from october to january, with 30 online workouts between january and may. Otherwise, venue rentals at the armory ceased in the spring of 2020 due to covid-19 and a significant number of venue rentals were cancelled and postponed. A material amount of venue deposits were returned to clients, although other clients allowed the armory to retain deposits for future events. Other venue rentals throughout 2020-2021 remained very few and far between.”