2021-04-27T15:30:15-05:00 2020-06-30 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2019-07-01 133680286 THE ARMORY FOUNDATION % THIERNO SOW ARMO 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 100323704 JONATHAN B SCHINDEL CO-PRESIDENT AND CFO 2129231803 2021-05-15 true Aaron Shapiro P01333816 2128674000 2019 2022-09-23 18:48:47Z JONATHAN B SCHINDEL 216 FORT WASHINGTON AVENUE NEW YORK NY 100323704 8288591 false X WWW.ARMORY.NYC, WWW.ARMORYTRACK.COM 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. 22 22 99 100 8394 4024 1315255 4739180 4392334 2559222 20375 11948 415320 134835 6143284 7445185 0 0 0 0 3257823 3624297 0 0 247056 3519358 3602244 6777181 7226541 -633897 218644 7937060 9571328 547109 1961967 7389951 7609361 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 3924375 1481335 TRACK MEETS: TYPICALLY, OVER 100 TRACK MEETS ARE HELD EACH YEAR AT THE ARMORY RANGING IN SIZE FROM 100 ATHLETES TO OVER 5,000, AND THIS REMAINED THE CASE FOR THE LAST FISCAL YEAR. THE ARMORY TRACK IS CONSIDERED TO BE THE FASTEST TRACK IN THE WORLD AND ATTRACTS ATHLETES AND SPECTATORS FROM ALL OVER THE UNITED STATES. DUE TO COVID-19, IT IS EXPECTED THAT FEWER THAN 100 TRACK MEETS WILL BE HELD AT THE ARMORY DURING THE 2020-21 FISCAL YEAR. TRACK PRACTICES: IN A NORMAL YEAR, THE ARMORY HOSTS 220 TRACK PRACTICE SESSIONS EACH SEASON ATTRACTING APPROXIMATELY 50,000 VISTS 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. BECAUSE OF COVID-19, THE ARMORY HAS RESTRICTED THE NUMBER OF PARTICIPANTS AND PRACTICE SESSIONS. 1126473 631964 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 RECENTLY BEEN REDUCED BY APROXIMATELY 30%. ARMORY COLLEGE PREP MIDDLE SCHOOL: THIS PROGRAM WORKS WITH STUDENTS IN GRADES 5-8 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 CURRENT steady ENROLLMENT of APPROXIMATELY 35 STUDENTS. 659839 52468 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 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, APPROXIMATELY 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 AND LITTLE 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. 519831 393455 VENUE RENTAL 107645 Community Relations 51776 Hall of Fame 679252 393455 6389939 true true false false false false false false false true true false false false false false true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 412 0 99 true true true false false false false true true false false false false false false X 22 22 false false false false false false false true true false false true true true true true true true true false NY X X THIERNO SOW 2129231803 216 FORT WASHINGTON AVENUE NEW YORK NY 100323704 JONATHAN SCHINDEL CO-PRESIDENT/CFO 45.0 0.0 X 259641 0 33597 RITA FINKEL CO-PRESIDENT/COO 45.0 0.0 X 271475 0 17590 JOHN CARPENTER DIRECTOR OF FACILITIES 45.0 0.0 X 116290 0 11460 KENNETH DWYER BUILDING MANAGER 45.0 0.0 X 114891 0 11460 Glennis Aquino-Gil Chief Administrative officer 45.0 0.0 X 115707 0 0 Mary Rose Synek Director of Writing Institute 45.0 0.0 X 102507 0 10909 Clayton D Harding Director of College Counseling 45.0 0.0 X 102286 0 38 Michael Frankfurt Chairman 5.0 0.0 X X 0 0 0 Michael Blum Vice Chairman 2.0 0.0 X X 0 0 0 Richard Gordon Treasurer 2.0 0.0 X X 0 0 0 CHRIS BILSKY DIRECTOR 2.0 0.0 X 0 0 0 DAN SHEDRICK DIRECTOR 2.0 0.0 X 0 0 0 EDWARD STERN DIRECTOR 2.0 0.0 X 0 0 0 GERRY BYRNE DIRECTOR 2.0 0.0 X 0 0 0 JACQUELINE VALOUCH DIRECTOR 2.0 0.0 X 0 0 0 JAMES T CONROY DIRECTOR 2.0 0.0 X 0 0 0 JOHN JENKINS 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 CEDRIC JONES Director 2.0 0.0 X 0 0 0 ANDREW HOGUE Director 2.0 0.0 X 0 0 0 MICHAEL YAKER DIRECTOR 2.0 0.0 X 0 0 0 CAROLINE LEFRAK Director 2.0 0.0 X 0 0 0 ROBERT ESNARD DIRECTOR 2.0 0.0 X 0 0 0 SHAHABUDDEEN ALLY 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 1082797 0 85054 7 false true false THE STATE GROUP 84 GARDEN ROAD SHREWSBURY NJ 07702 TUTORING 229401 1 16146 1748479 2974555 204977 4739180 TRACK MEETS AND EVENTS 711210 1481335 1481335 VENUE RENTALS 711210 393455 393455 ADMISSIONS 532000 684432 684432 2559222 11954 11954 0 0 412256 349781 62475 0 62475 5422 57053 457739 457745 -6 -6 -6 100760 16146 35880 64880 64880 0 0 0 0 0 0 MISCELLANEOUS 900099 4508 4508 ADVERTISING 541800 2972 2972 7480 7445185 2559222 8394 138389 0 0 0 0 583354 350012 138547 94795 0 2535238 2337583 129380 68275 14731 12318 2033 380 223170 191532 28751 2887 267804 217066 39607 11131 0 0 18025 18025 0 0 0 647317 588876 6492 51949 89403 88929 474 1254398 1176503 68000 9895 73533 29396 41499 2638 0 0 141680 140347 1333 0 0 13693 13693 0 966751 960571 2324 3856 45774 23596 22178 EDUCATIONAL/TUTORING FEES 244808 244477 331 BAD DEBT 54941 54941 MISCELLANEOUS 51921 28733 22412 776 7226541 6389939 589546 247056 124464 828178 0 0 306859 512384 319849 328144 0 0 0 0 0 0 0 0 48190 78864 22299782 15440633 6151807 6859149 985891 964609 0 0 0 0 0 0 0 0 7937060 9571328 166881 387835 0 0 211355 426232 0 0 0 0 0 0 168873 250000 0 897900 0 0 547109 1961967 X 6935514 7249010 454437 360351 7389951 7609361 7937060 9571328 218644 766 X false true X true false X 2328379 2662467 5264916 1315255 4739180 16310197 0 0 2328379 2662467 5264916 1315255 4739180 16310197 2345525 13964672 4074 763 1335 627256 329329 962757 47628 59007 37526 63198 0 207359 24928 30283 49001 19664 4508 128384 17608697 16612164 0.79305 0.78160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 448901 189854 17527 15406 640876 312775 123568 21642 9084 448901 0 315192 -2417 312775 0.60510 0.39490 true false 13987174 10427964 3559210 6784435 5012669 1771766 1528173 1528173 6859149 8557883 766 762151 349781 1112698 7445185 7445185 8338473 762151 349781 1111932 7226541 7226541 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: 349,781 Schedule D, Part XII, Line 2D Rent Expense: 349,781 Indoor Marathon 91179 7176 84003 3000 18646 10733 Millrose Benefi 25727 8970 16757 3501 0 116906 16146 100760 3000 18646 14234 35880 64880 X X X false false false false false false false true false JONATHAN SCHINDEL CO-PRESIDENT/CFO 245891 0 13750 0 0 0 1000 0 32597 0 293238 0 RITA FINKEL CO-PRESIDENT/COO 257725 0 13750 0 0 0 1000 0 16590 0 289065 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. X 163419 FMV X Food 1 41558 FMV false false false Schedule M, part I, line 25 THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, Part III, line 3 During the fiscal year, COVID-19 had a significant impact on our programs. The track & field season completed the vast majority of its scheduled track meets, however one of the two cancelled track meets would have been one of the largest of the year. Track & Field practices at The Armory were truncated by approximately 15% due to COVID-19. Armory College Prep, both high school and middle school programs continued remotely throughout the year, beginning in mid-March due to COVID-19. The formal sessions of the high school program were offered four days per week (in non-Covid times they are offered two days a week). Our youth athletic programs, CityTrack, Little Feet and Tiny Feet all moved to remote sessions on March 16th, 2020, running for a month longer than usual due to COVID-19, until mid-June 2020. 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. 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. 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 CFO AND COO 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 March of 2019. Subsequently, another review was done in January of 2021. FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION REVIEW WAS DONE IN March of 2019. IT WAS CONDUCTED BY BOARD OF DIRECTOR MEMBERS MICHAEL FRANKFURT, MICHAEL BLUM, JAMES CONROY AND RICHARD GORDON. Subsequently, another review was done in January of 2021. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON WWW.ARMORY.NYC