2022-05-16T20:08:47-05:00 2021-06-30 BKD LLP 1155 AVENUE OF THE AMERICAS New York NY 10036 990 2020-07-01 133680286 The Armory Foundation % THIERNO SOW ARMO 2129231803 216 Fort Washington Avenue New York NY 10032 JONATHAN SCHINDEL CO-PRESIDENT AND CFO 2129231803 2022-05-15 true JONATHAN SCHINDEL 999009999 Aaron Shapiro P01333816 2128674000 3 2020 2022-09-23 18:48:47Z JONATHAN SCHINDEL 216 Fort Washington Avenue New York NY 10032 8414902 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. 23 23 94 30 84963 89847 4739180 3828224 2559222 286485 11948 17928 134835 2375848 7445185 6508485 0 0 0 0 3624297 2534842 0 0 112317 3602244 2032474 7226541 4567316 218644 1941169 9571328 12095607 1961967 2458284 7609361 9637323 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 true 1624605 263425 TRACK & 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. HOWEVER, DUE TO COVID-19, FEWER TRACK AND FIELD MEETS WERE HELD AT THE ARMORY DURING THE 2020-21 FISCAL YEAR, FEWER THAN TWO DOZEN AND DUE TO COVID THE ARMORY RESTRICTED THE SIZE OF THESE TRACK AND FIELD MEETS. 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. HOWEVER, BECAUSE OF COVID-19 SAFETY PROTOCOLS, THE ARMORY RESTRICTED THE NUMBER OF PARTICIPANTS AT PRACTICE SESSIONS AND THEN CANCELED PRACTICE SESSIONS WHEN THE ARMORY BECAME A MASS VACCINATION CENTER. 504305 23060 ARMORY COLLEGE PREP HIGH SCHOOL: THIS IS A FOCUSED PROGRAM TARGETING HIGH SCHOOL STUDENTS WHO PRACTICE AT THE ARMORY, MANY OF WHOM WILL BE FIRST-GENERATION 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 100 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 HAS BEEN REDUCED BY APROXIMATELY 30%. 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. AS A RESULT OF COVID-19, THE ARMORY HAS SEEN ENROLLMENT EBB AND FLOW WITH A STEADY ENROLLMENT OF APPROXIMATELY 35 STUDENTS. 292835 HIGH SCHOOL TRAINING: IN A TYPICAL YEAR, 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. MANY COACHES ARE FLUENT IN ONE OF THE EVENTS OF TRACK AND FIELD. FEW ARE EXPERTS IN THROWING, POLE-VAULTING, 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 IN 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. TURNING THE ARMORY INTO A MASS VACCINATION CENTER HALTED PRACTICE IN JANUARY OF 2021 UNTIL THE END OF MAY 2021. 361798 Armory College prep Middle School 160619 Youth training 91958 SUNY ATTAIN Lab/community partners 23726 Community Relations 47693 Hall of Fame 997983 Learning Labs 43586 other 1727363 4149108 true true false false false false false false false true true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 407 0 94 true true true false false false false false false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true false false NY X THIERNO SOW 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 10032 JONATHAN SCHINDEL CO-PRESIDENT/CFO 45.0 0.0 X 243066 0 36313 RITA FINKEL CO-PRESIDENT/COO 45.0 0.0 X 258687 0 13390 JOHN CARPENTER DIRECTOR OF FACILITIES 45.0 0.0 X 112518 0 32878 KENNETH DWYER BUILDING MANAGER 45.0 0.0 X 114599 0 28207 GLENNIS AQUINO-GIL CHIEF ADMINISTRATIVE OFFICER 45.0 0.0 X 111456 0 20950 CLAYTON D HARDING DIRECTOR OF WRITING INSTITUTE 45.0 0.0 X 101854 0 17390 Mary Rose Synek Director of Creative Develop. 45.0 0.0 X 101406 0 1000 Michael Frankfurt Chairman 2.0 0.0 X X 0 0 0 Michael Blum Vice Chair 2.0 0.0 X X 0 0 0 Richard Gordon Treasurer 2.0 0.0 X X 0 0 0 James Conroy Secretary 2.0 0.0 X X 0 0 0 JACQUELINE VALOUCH DIRECTOR 2.0 0.0 X 0 0 0 Gerry Byrne 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 Andrew Hogue DIRECTOR 2.0 0.0 X 0 0 0 Chris Bilsky DIRECTOR 2.0 0.0 X 0 0 0 MICHAEL YAKER DIRECTOR 2.0 0.0 X 0 0 0 Edward Stern DIRECTOR 2.0 0.0 X 0 0 0 ROBERT ESNARD DIRECTOR 2.0 0.0 X 0 0 0 REMYSELL SALAS DIRECTOR 2.0 0.0 X 0 0 0 SHAHABUDDEEN ALLY DIRECTOR 2.0 0.0 X 0 0 0 SANDRA HARRIS DIRECTOR 2.0 0.0 X 0 0 0 TOM LABRECQUE DIRECTOR 2.0 0.0 X 0 0 0 WENDY HILLIARD DIRECTOR 2.0 0.0 X 0 0 0 1043586 0 150128 8 false true false THE STATE GROUP 84 GARDEN ROAD SHREWSBURY NJ 07702 TUTORING 163890 1 2352335 1475889 3828224 TRACK MEETS AND EVENTS 711210 263425 263425 ADMISSIONS 532000 23060 23060 286485 16762 16762 0 0 3750231 1403930 2346301 0 2346301 80814 2265487 503653 502487 1166 1166 1166 8765 0 8765 8765 0 0 0 0 0 0 MISCELLANEOUS 900099 16633 16633 ADVERTISING 541800 4149 4149 20782 6508485 286485 84963 2308813 0 0 0 0 600003 563103 21000 15900 0 1540245 1322782 153903 63560 10441 9972 174 295 137850 127691 3725 6434 246303 234872 4710 6721 0 5440 5440 53446 53446 0 0 0 157227 150810 605 5812 65024 60392 4500 132 565312 536860 21194 7258 63239 32532 29571 1136 0 0 4076 3710 366 0 0 3548 2391 1040 117 0 905196 900794 1153 3249 38249 36661 1588 EDUCATIONAL/TUTORING FEES 163950 163950 BAD DEBT 4289 4289 MISCELLANEOUS 3478 2588 775 115 4567316 4149108 305891 112317 828178 3074173 0 0 512384 1274292 328144 785538 0 0 0 0 0 0 0 0 78864 25177 22523269 16366854 6859149 6156415 964609 780012 0 0 0 0 0 0 0 0 9571328 12095607 387835 1403468 0 0 426232 421516 0 0 0 0 0 0 250000 0 897900 633300 0 0 1961967 2458284 X 7249010 9342645 360351 294678 7609361 9637323 9571328 12095607 1941169 86793 X false true X true false X 2662467 5264916 1315255 4739180 3828224 17810042 0 0 2662467 5264916 1315255 4739180 3828224 17810042 1799255 16010787 763 1335 838251 424210 3686179 4950738 59007 37526 63198 8394 84963 253088 37889 49001 85283 69388 25398 266959 23280827 14254489 0.68772 0.79305 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 640876 50723 89549 72898 708250 448901 189854 17527 15406 640876 312775 123568 21642 9084 448901 0 315192 -2417 312775 0.62450 0.35830 0.01720 true false 15765276 10999890 4765386 6784433 5393404 1391029 6156415 8144262 86793 145054 1403930 1635777 6508485 6508485 6116300 145054 1403930 1548984 4567316 4567316 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. schedule D, Part XI, Line 2d Rent Expense: $1,403,930 Schedule D, Part XII, Line 2D Rent Expense: $1,403,930 Schedule D, Part X, Line 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. X X X false false false false false false false true false JONATHAN SCHINDEL CO-PRESIDENT/CFO 223816 0 19250 0 0 0 1000 0 35313 0 279379 0 RITA FINKEL CO-PRESIDENT/COO 239437 0 19250 0 0 0 1000 0 12390 0 272077 0 SCHEDULE J, LINE 7 Bonuses are merit based. The bonus proposal goes to the chair of the Board who confers with the Executive Committee of the Board for approval. FORM 990, PART III, LINE 3 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. FORM 990, PART VI, SECTION B, LINE 11B 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. 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 JANUARY 2021 AND MAY 2021. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON WWW.ARMORY.NYC