Civic Intelligence

Seventh Regiment Armory Conservancy Inc.

990 • Fiscal year 2021 • EIN 13-4086800

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

643 Park AvenueNew York, NY 10065

(212) 616-3930

Siviq Scores

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

Liabilities / Assets

10th percentile

0.02x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.24x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

11th percentile

-7.3%

Higher net margin than 11% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$623,813

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

94th percentile

45%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

11%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$306,083,724

Up $94,870,180 (+45%) from 2020

Net Assets

Up

$299,939,601

Up $90,622,212 (+43%) from 2020

Liabilities

Up

$6,144,123

Up $4,247,968 (+224%) from 2020

Revenue

Up

$25,857,761

Up $2,554,087 (+11%) from 2020

Expenses

Up

$27,743,098

Up $4,750,448 (+21%) from 2020

Net Income

Down

-$1,885,337

Down $2,196,361 (-706%) from 2020

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $97,822,084Liabilities 2010: $3,740,741Net Assets 2010: $94,081,3432010Assets 2011: $127,997,972Liabilities 2011: $3,715,516Net Assets 2011: $124,282,4562011Assets 2012: $130,510,433Liabilities 2012: $4,860,628Net Assets 2012: $125,649,8052012Assets 2013: $134,582,049Liabilities 2013: $7,593,229Net Assets 2013: $126,988,8202013Assets 2014: $148,429,026Liabilities 2014: $4,544,967Net Assets 2014: $143,884,0592014Assets 2015: $208,958,921Liabilities 2015: $5,368,787Net Assets 2015: $203,590,1342015Assets 2016: $206,359,708Liabilities 2016: $5,071,935Net Assets 2016: $201,287,7732016Assets 2017: $209,930,595Liabilities 2017: $5,703,381Net Assets 2017: $204,227,2142017Assets 2018: $206,531,700Liabilities 2018: $7,771,068Net Assets 2018: $198,760,6322018Assets 2019: $209,910,595Liabilities 2019: $6,383,327Net Assets 2019: $203,527,2682019Assets 2020: $211,213,544Liabilities 2020: $1,896,155Net Assets 2020: $209,317,3892020Assets 2021: $306,083,724Liabilities 2021: $6,144,123Net Assets 2021: $299,939,6012021Assets 2022: $277,122,381Liabilities 2022: $4,029,507Net Assets 2022: $273,092,8742022Assets 2023: $271,905,924Liabilities 2023: $4,852,812Net Assets 2023: $267,053,1122023Assets 2024: $268,295,225Liabilities 2024: $4,262,518Net Assets 2024: $264,032,7072024

Highlighted filing

2021

Assets$306,083,724
Liabilities$6,144,123
Net Assets$299,939,601

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $7,901,6452010Revenue 2011: $39,105,773Expenses 2011: $8,904,660Net Income 2011: $30,201,1132011Expenses 2012: $9,596,6712012Revenue 2013: $19,834,604Expenses 2013: $18,669,589Net Income 2013: $1,165,0152013Revenue 2014: $36,908,515Expenses 2014: $20,013,276Net Income 2014: $16,895,2392014Revenue 2015: $78,646,857Expenses 2015: $18,940,782Net Income 2015: $59,706,0752015Revenue 2016: $16,866,132Expenses 2016: $22,060,186Net Income 2016: -$5,194,0542016Revenue 2017: $21,924,885Expenses 2017: $25,931,022Net Income 2017: -$4,006,1372017Revenue 2018: $32,626,047Expenses 2018: $28,393,426Net Income 2018: $4,232,6212018Revenue 2019: $28,417,807Expenses 2019: $31,493,035Net Income 2019: -$3,075,2282019Revenue 2020: $23,303,674Expenses 2020: $22,992,650Net Income 2020: $311,0242020Revenue 2021: $25,857,761Expenses 2021: $27,743,098Net Income 2021: -$1,885,3372021Revenue 2022: $25,775,418Expenses 2022: $39,873,994Net Income 2022: -$14,098,5762022Revenue 2023: $23,012,613Expenses 2023: $35,131,903Net Income 2023: -$12,119,2902023Revenue 2024: $28,748,363Expenses 2024: $33,427,478Net Income 2024: -$4,679,1152024

Highlighted filing

2021

Revenue$25,857,761
Expenses$27,743,098
Net Income-$1,885,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$37,454,198
Mission and Program Overview

Mission

Part American palace, part industrial shed, Park Avenue Armory supports unconventional works in the performing and visual arts that cannot be fully realized in a traditional proscenium theater, concert hall, or white wall gallery. With its soaring, 55,000 square foot Drill Hall and its period rooms by Gilded Age designers, the Armory enables artists to create, students to explore, and wide audiences to experience epic, adventurous work that cannot be done elsewhere in New York. The Armory has been lauded as "a playground for artists of outsize imaginations" (Wall Street Journal) with The New York Times declaring "few cultural institutions have been as adept at pushing the cultural FOMO button, triggering that 'fear of missing out' that New Yorkers hate"Park Avenue Armory.has arrived as the most important new cultural institution in New York City." As with non-traditional programming, arts education has found a special niche at the Armory, using its unique assets - a magical ruine

To restore, renovate and revitalize the historic park avenue armory a contemporary arts institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$122,665,470$115,257,273▼ $7,408,197
Investments in Publicly Traded Securities$56,225,511$59,122,337▲ $2,896,826
Investments Other Securities$19,604,417$24,327,447▲ $4,723,030
Savings and Temporary Cash Investments$4,237,417$9,347,498▲ $5,110,081
Cash and Non-Interest-Bearing Accounts$1,485,698$3,963,732▲ $2,478,034
Pledges and Grants Receivable$3,198,261$2,231,134▼ $967,127
Prepaid Expenses and Deferred Charges$24,577$1,462,003▲ $1,437,426
Accounts Receivable$852,191$788,281▼ $63,910
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$211,213,544$306,083,724▲ $94,870,180
Other Assets Total$2,920,002$89,584,019▲ $86,664,017
Liabilities
Deferred Revenue$459,959$4,525,190▲ $4,065,231
Accounts Payable and Accrued Expenses$1,436,196$1,618,933▲ $182,737
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,896,155$6,144,123▲ $4,247,968
Net Assets / Fund Balance
Net Assets With Donor Restrictions$79,325,333$174,378,542▲ $95,053,209
Net Assets Without Donor Restrictions$129,992,056$125,561,059▼ $4,430,997
Total Net Assets Fund Balance$209,317,389$299,939,601▲ $90,622,212
Total Liabilities and Net Assets / Fund Balance$211,213,544$306,083,724▲ $94,870,180

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$111,867,054$48,962,099$160,829,153
Other Land Buildings$3,330,712$784,314$4,115,026
Equipment$59,507$717,867$777,374
Other Assets Org$715,332--
Other Securities$6,163,704--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$75,829,928-▲ $11,074,951$3,455,096$83,449,783
2020$72,615,184-▲ $6,697,762$3,483,018$75,829,928
2019$64,798,098-▲ $11,222,485$3,405,399$72,615,184
2018$72,677,609-▼ $4,575,258$3,304,253$64,798,098
2017$66,284,518-▲ $9,656,269$3,263,178$72,677,609
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca RobertsonPresident/directorFT$492,326$131,487$623,813
Melanie FormanChief Development OfficerFT$289,381$18,433$307,814
Paul KingDirector of ProductionFT$242,869$39,552$282,421
Susan NeimanChief Financial OfficerFT$199,014$23,196$222,210
Michael LonerganProducing DirectorFT$205,419$13,424$218,843
Lesley Alpert-schuldenfriDirector of MarketingFT$179,522$36,507$216,029
Kirsten ReochDirector of Design & ConstructionFT$172,099$29,576$201,675
Cassidy JonesDirector of Special ProjectsFT$169,492$26,410$195,902
Jennifer KimChief Operating OfficerFT$175,294$787$176,081
Aurelio RomanFacilities DirectorFT$149,105$9,954$159,059
Kirra SteelDirector of DevelopmentFT$143,080$8,012$151,092

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Syrreal Entertainment GmbhArtist's Fees207 VAN VORST STREET APT 1016, Jersey City, NJ 07302, Gm$554,426
Almeida Theatre Company LtdCreative Consultant219 W 19TH STREET, New York, NY 10011, Uk$329,715
Pierre AudiProgram ConsultantKIEZERSGRACHT 610, Amsterdam, 0, Nl$218,545
Liz Bickley Studios LLCCurator Consultant-$181,317
New York Live Arts INCArtist's Fees-$155,590
Revenue and Support

Revenue Composition

Contributions and Grants
$13,507,338
Program Service Revenue
$3,094,973
Investment Income
$8,923,325
Other Revenue
$332,125
All Other Contributions
$4,751,747
Change in Net Assets
$-1,885,337

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$421,660Quoted Selling Price
Total Noncash Contributions15$421,660-

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,433,648
Revenue Not Reported on Financial Statements
$424,113
Revenue Not Reported on Form 990
$2,586,075
Total Revenue per Audited Statements
$28,019,723
Total Revenue per Form 990
$25,857,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,047,437
Salaries, Compensation, and Employee Benefits$8,695,661
Total Fundraising Expense$1,853,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$8,426,293$160,175$43,493$8,629,961
Other Salaries and Wages$3,664,462$1,130,523$880,431$5,675,416
Fees for Services Other$2,502,443$73,155$151,769$2,727,367
Current Officers, Directors, Trustees, and Key Employees$1,171,258$361,345$281,409$1,814,012
Insurance$631,695$36,208$3,261$671,164
Advertising$557,194$5,630$84,653$647,477
Occupancy$412,584$131,452$97,390$641,426
Payroll Taxes$320,976$99,024$77,118$497,118
Other Employee Benefits$303,590$93,661$72,941$470,192
Office Expenses$356,570$50,151$45,288$452,009
Fees for Service Investment Mgmnt Fees-$424,113-$424,113
Travel$365,145$37,316$12,976$415,437
Pension Plan Contributions$154,266$47,593$37,064$238,923
Fees for Services Legal-$104,862-$104,862
Fees for Services Accounting-$84,850-$84,850
Other Expenses$50,442$13,745$1,847$66,034
All Other Expenses$12,451$35,779$2,463$50,693
Total Functional Expenses$22,980,619$2,908,922$1,853,557$27,743,098

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,743,098
Total Expenses per Audited Statements$27,336,905
Expenses per Audited Statements$27,318,985
Expenses Not Reported on Financial Statements$424,113
Expenses Not Reported on Form 990$17,920
International Activity

International Summary

Offices
0
Employees
0
Spending
$11,885,432

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$11,885,432
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$749,504
Fundraising Gross Income$749,504
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$2,093,317$689,481$689,481$0
Opening Night$88,500$43,519$43,519$0
Total Events$2,254,417$749,504$749,504-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 11B:

A draft form 990, prepared by an independent accounting firm based on information provided by management, is submitted to the ceo/cfo and president for review. Upon approval, the draft form 990 is provided to the finance/audit committee of the board for review, comment, and approval. Upon the finance/audit committee's approval, the form 990 is provided to the full board, prior to its electronic filing with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

All board members, officers, and key employees are required to complete a conflict-of-interest disclosure form on an annual basis. Any potential conflicts reported in the disclosure forms are reviewed by the finance/audit committee of the board. Any conflict that becomes known during the year shall be reported to the finance/audit committee. The evaluation and resolution policies outlined in the conflict-of-interest policy shall be applied.

FORM 990, PART VI, SECTION B, LINE 15A:

Compensation of the president is subject to review and approval by the executive committee of the board. The co-chairs obtain compensation information from independent sources which serve as the basis for compensation offered to the executive position identified above.

FORM 990, PART VI, SECTION B, LINE 15B:

COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES is determined by use of comparable data and IS REVIEWED AND APPROVED BY THE PRESIDENT OF THE ORGANIZATION.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Seventh Regiment Armory Conservancy Inc
EIN
13-4086800
In Care Of
% JIM MCGLYNN
Phone
2126163930
Address
643 PARK AVENUE, NEW YORK, NY 10065
Doing Business As
Park Avenue Armory

Signing Officer

Name
Jim Mcglynn
Title
CFO
Phone
2126163930
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Robertson
Formed
1999
Legal Domicile
Ny
Voting Board Members
36
Independent Board Members
35
Employees
486
Volunteers
37

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A:

2021 ARTISTIC SEASON Due to city-wide shutdowns and limits on large indoor gatherings in 2021, the Armory embarked on several initiatives to support the artistic community during this devastating time when the job loss in the cultural sector was nearly 70%, and to offer an artistic lens as a safe way to try to understand the incomprehensible. The result was a new "Social Distance Hall" model for commissioning and producing new work that could employ artists and provide hope for the sector. With its flat open floor, state-of-the-art ventilation, multiple entrances, and no fixed seating or stage, the SOCIAL DISTANCE HALL opened in April 2021 to present live performances within strict health and safety regulations. We worked diligently alongside NYS to develop a plan for performances that could be safely experienced by the public - long before traditional venues might be able to return. We reached out to artists in the Armory community and commissioned four new works - the full runs of which each sold out within a day: SOCIAL! THE SOCIAL DISTANCE DANCE CLUB (4/9/21 - 4/22/21): This joyful and irresistible participatory movement experience was conceived by multimedia artist and musician David Byrne (Talking Heads, American Utopia), Tony Award-winning set designer Christine Jones, and choreographer Steven Hoggett. With a playlist curated by the work's creators and mixed by New York City DJ Natasha Diggs, SOCIAL! invited audiences to dance in their own socially distanced spotlights, all while listening to an instructional voiceover by David Byrne with choreography by Yasmine Lee. Moving free-form or in sync with the spoken choreography, audiences took part in a communal moment of cathartic release that was "exhilarating, full of possibility" (New York Times). PARTY IN THE BARDO (5/5/21 - 5/9/21): Multidisciplinary artist and MacArthur "Genius" Jason Moran and multi-Grammy Award-winning performance artist Laurie Anderson performed in the Armory's 55,000-square-foot Wade Thompson Drill Hall underpinned by the soundscape of LOU REED: DRONES, a sonic installation utilizing guitars from Reed's collection and curated by his former guitar technician Stewart Hurwood. Anderson and Moran invited two groups of artists to add their own layer of artistry over the Drones, joining them in these improvisational sonic meditations for the city of New York. AFTERWARDSNESS (5/19/21 - 5/26/21): This powerful new dance work by Bill T. Jones and Janet Wong was created in collaboration with members of the Bill T. Jones/Arnie Zane Company as well as composers/performers Holland Andrews and Pauline Kim Harris. The work addressed the confluence of the Black Lives Matter movement and COVID-19, incorporating the company's own writings while in isolation, vocal and instrumental solos, and choreography based on Bill T. Jones/Arnie Zane Company repertory. The New York Times selected the work as a Critic's Pick, calling the performance "genuine and.resolute in its unwillingness to paint the wrong snapshot of a time.In its best moments, Afterwardsness was fully alive." ENEMY OF THE PEOPLE (6/22/21 - 7/10/21): The Armory commissioned visionary British director Robert Icke (Broadway's 1984) for a new participatory production inspired by Ibsen's An Enemy of the People. Envisioned for a socially distanced time, Icke's thrilling adaptation explored themes in Ibsen's original play that resonate powerfully today: collective responsibility and the complex relationship between scientific expertise and political power, public health and economic growth. The central character played by Ann Dowd (A Handmaid's Tale) is a scientist who discovers that the water supply of her town's precious mineral baths is contaminated. The audience was engaged in the action and asked to weigh in on important decisions through interactive voting devices, allowing each performance to take its own unique path. Vulture declared that the production was "the biggest, fanciest, splashiest in-person ind

Form 990, Part III, Line 4A (continued)

ARTS EDUCATION AT THE ARMORY Utilizing our magnificent historic building and unique visual and performing arts programming, Park Avenue Armory's Arts Education Program serves thousands of students from underserved New York City public schools from all five boroughs through a wide range of opportunities to be immersed in the creative process of diverse world-class artists. The Arts Education Program has three main components: (1) Production-based Programming, in which students attend major productions of music, theater, dance and visual art, and participate in pre- and post-visit workshops with the Armory's talented corps of teaching artists; (2) Partner School Program, in which deeper relationships with schools are created through attendance at productions, in-school residencies and end-of-term events at the Armory; and (3) the Armory Youth Corps, a paid and closely mentored internship program focusing on students from underserved NYC public schools. Armory Arts Education programs are offered at no cost to students or schools and are developed in alignment with the NYS Next Generation Learning Standards and the NYC Blueprint for the Arts. In 2021, the Armory adapted the Arts Education program's core values and creative methodology to remote and hybrid learning, pivoting to meet new circumstances with an unwavering commitment to the principles of unbounded creativity, community, and flexible support for NYC public school students and teachers. Through Production-Based Programs, Armory staff and teaching artists provided opportunities for community, creativity, and connection, reaching 3,477 students through live instruction workshops (remote in the spring, hybrid during the fall), and 2,150 students through a new Creative Arts Journal. Virtual Production-Based Programs were in high demand, engaging students through remote workshops and virtual student matinees inspired by the Armory's productions, including Bill T. Jones' Deep Blue Sea, Trustee Sidekick Theater Company's The Mendelssohn Electric, jaimie branch and Carol Syzmanski's Artists Studio performance, and the Armory's 100 Years | 100 Women Project Archive. The Partner School Program offered curriculum enrichment at no cost to 7 participating Title I schools, focusing on underserved NYC public schools that lack access to art programs. Partner School Residencies explored the concepts of community, inspired by the process behind the creation of Bill T. Jones' Deep Blue Sea; the current political landscape through Carrie Mae Weems' exhibition The Shape of Things; artistic practices of Armory Artist-in-Residence Theaster Gates; and the Creative Arts Journal. The Armory Youth Corps Program remained committed to its core mission and values, continuing to develop rigorous, highly mentored, and paid internship opportunities customizable to each student's unique interests, goals, and learning style. DESIGN AND CONSTRUCTION Since 2007, Park Avenue Armory has been consistently working to revitalize this significant historic landmark through an ambitious program of restoration and renovation with a world-class team of architects, engineers, and conservators. From the start, our initial projects focused on stabilizing the building, adding essential upgrades to the infrastructure, and making it safe. With these early phases underway, the Armory opened to the public and began to explore its unique potential as an unconventional platform for world-class artists pursuing expanding the boundaries of their artistic practice. Due to the COVID crisis, capital projects were put on hold in 2021.

Financial Statement Notes

PART V, LINE 4:

The armory's endowment consists of a donor-restricted fund to support the charitable programs and operating needs of the armory.

PART X, LINE 2:

The armory is exempt from federal, state, and local income taxes under section 501(c)(3) of the code and, therefore, has made no provision for income taxes in the accompanying financial statements. In addition, the armory has been determined by the internal revenue service (irs) not to be a "private foundation" within the meaning of section 509(a) of the code. Under asc 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The armory does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The armory has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the armory has filed irs form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended december 31, 2021, there were no income tax-related interest or penalties recorded or included in the statement of activities.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$268$4.26$264$28.7$33.4$4.68
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$272$4.85$267$23.0$35.1$12.1
2022Detailed filing. Detailed filing data is available for this year.$277$4.03$273$25.8$39.9$14.1
2021Detailed filing. Detailed filing data is available for this year.$306$6.14$300$25.9$27.7$1.89
2020Detailed filing. Detailed filing data is available for this year.$211$1.90$209$23.3$23.0$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$210$6.38$204$28.4$31.5$3.08
2018Detailed filing. Detailed filing data is available for this year.$207$7.77$199$32.6$28.4$4.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$210$5.70$204$21.9$25.9$4.01
2016Detailed filing. Detailed filing data is available for this year.$206$5.07$201$16.9$22.1$5.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$209$5.37$204$78.6$18.9$59.7
2014Detailed filing. Detailed filing data is available for this year.$148$4.54$144$36.9$20.0$16.9
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$135$7.59$127$19.8$18.7$1.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$131$4.86$126$9.60
2011Summary only. Only limited summary data is available for this year.$128$3.72$124$39.1$8.90$30.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.8$3.74$94.1$7.90