Overview
What is The Armory Foundation?
The Armory Foundation, based in New York City, is a nonprofit organization dedicated to serving youth by promoting fitness and education through various athletic, educational, and community programs. As the home to America's premier indoor track and field center, they strive to keep kids engaged and motivated by offering competitive track and field activities. Additionally, they broaden their horizons with computer classes, college preparation programs, and a variety of cultural and educational activities. The Armory Foundation hosts over 100 track events annually, maintains the National Track and Field Hall of Fame, operates the largest after-school activity center in New York, and provides community support through their world-class facility. Regularly, they host track and field meets, attracting athletes and spectators from across the US. However, due to COVID-19 and certain vaccination requirements, they experienced a decrease in the number of athletes participating in practices during the 2021-22 fiscal year. Despite the challenges, they remain committed to their mission of serving the youth of all five New York City boroughs.
Official website here: www.armory.nyc
Is The Armory Foundation legitimate?
The Armory Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Armory Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $824,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,378,971
For more financial information, click here
Official website here: www.armory.nyc
What is the mission statement of The Armory Foundation?
The Armory Foundation is dedicated to serving youth by promoting fitness and education through a varied assortment of athletic, educational, and community programs. As a not-for-profit organization, it is committed to fostering excellence and fitness among young individuals by organizing competitive track and field activities, as well as providing computer classes, college preparation programs, and various cultural and educational activities. The Armory Foundation hosts over 100 track events annually, maintains the National Track and Field Hall of Fame, operates the largest after-school activity center in New York, and offers a range of community support programs within its world-class facility.
Official website here: www.armory.nyc
Who is the CEO of The Armory Foundation?
Jonathan Schindel is the Co-President of The Armory Foundation.
Official website here: www.armory.nyc
What is the revenue of The Armory Foundation?
The Armory Foundation's revenue in 2022 was $8,230,990.
Official website here: www.armory.nyc
Who are the executives of The Armory Foundation and what are their salaries?
The average compensation at The Armory Foundation during 2022 was $37,687. There are 85 employees and 60 volunteers at The Armory Foundation.
Here are 30 key members and their salaries:
- Compensation: $315,614
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- Other: $11,510
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- Other: $30,954
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- Other: $14,311
- Compensation: $124,216
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- Other: $11,510
- Compensation: $123,516
- Related: $0
- Other: $11,510
- Compensation: $121,678
- Related: $0
- Other: $11,510
- Compensation: $107,413
- Related: $0
- Other: $11,510
- Compensation: $107,705
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- Other: $885
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Official website here: www.armory.nyc
Where can I find the form 990 for The Armory Foundation?
The Armory Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.armory.nyc
Learn more at the official website: www.armory.nyc
Mission Statement of The Armory Foundation
The Armory Foundation, a notable not-for-profit organization, is dedicated to serving youth by promoting fitness and education. Their mission is to achieve this goal through a wide array of athletic, educational, and community programs. The foundation, known for housing the premier indoor track and field center in America, aspires to foster excellence and fitness among young individuals from all five boroughs of New York City.
To achieve this, The Armory Foundation offers competitive track and field activities, allowing youth to hone their athletic skills. Beyond sports, the organization broadens their horizons with computer classes, college preparation programs, and a variety of cultural and school-coordinated educational activities. This holistic approach to youth development ensures that they are well-rounded individuals, prepared for the future.
In addition to these programs, The Armory Foundation hosts over 100 track events annually, maintaining the National Track and Field Hall of Fame. They also operate the largest after-school activity center in New York, providing a safe and engaging space for youth outside of school hours. Moreover, the foundation offers a plethora of community support programs within its world-class facility, further demonstrating their commitment to serving and empowering the youth of their community.
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Impact
October, 2024
The Armory Foundation significantly impacts youth in New York City by promoting fitness and education through a diverse array of athletic and community programs. It serves as a hub for track and field, hosting over 100 events annually, which welcome athletes and spectators from across the country, showcasing some of the fastest track facilities in the world. While the COVID-19 pandemic affected participation and attendance in recent years, the foundation typically facilitates around 220 track practice sessions each season, attracting approximately 50,000 visits primarily from young athletes.
Beyond athletics, the Armory Foundation is dedicated to enhancing youth development through educational initiatives, offering computer classes, college preparation programs, and various cultural activities. Its commitment to reaching young individuals in all five boroughs of New York City not only fosters athletic excellence but also broadens horizons, providing opportunities that encourage personal growth and academic achievement. By maintaining the National Track and Field Hall of Fame and operating the largest after-school activity center in the city, the Armory Foundation plays a critical role in strengthening community ties and supporting youth aspirations in an inclusive environment.
This information is meant to be a general summary of The Armory Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$137,420
- Program Service Revenue: $3,392,994
- Gross Receipts: $10,018,338
Assets and Liabilities:
- Total Assets: $10,796,175
- Total Liabilities: $924,230
- Net Assets: $9,871,945
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRACK MEETS AND EVENTS
Revenue
$2,519,238
VENUE RENTALS
Revenue
$460,555
ADMISSIONS
Revenue
$413,201
Organization Details
Founding Year
1992
Phone
(212) 923-1803Principal Officer
Jonathan Schindel
Main Address
216 Fort Washington Avenue, New York, NY, 10032
Website
www.armory.nycNTEE Category
Code: Z99Z - Unknown
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