Overview
What is Seventh Regiment Armory Conservancy Inc?
Seventh Regiment Armory Conservancy Inc, based in New York City, is a nonprofit organization dedicated to restoring, renovating, and revitalizing the historic Park Avenue Armory. This contemporary arts institution fosters a diverse range of artists, students, and audiences by presenting epic, adventurous, and relevant work that cannot be fully realized in traditional museums or performance halls. With its impressive 55,000-square-foot Wade Thompson Drill Hall and exuberant period rooms, the Armory plays a critical role in New York's cultural landscape, showcasing unconventional works in the performing and visual arts. The organization has gained recognition as one of the most ambitious arts presenters in the city, if not the country. Alongside its adventurous artistic programming, Seventh Regiment Armory Conservancy offers creativity-based arts education programs at no cost to thousands of students from underprivileged New York City public schools.
Official website here: www.armoryonpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Seventh Regiment Armory Conservancy Inc has received a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scores 96% in this category, indicating high standards in its financial practices and governance, which are crucial for donor trust and transparency.
Key strengths include a fully independent board, with 97% of its members meeting this criterion, and exceptional audit and oversight practices. The organization also maintains a very low liabilities to assets ratio of 2.00%, demonstrating solid financial health. Furthermore, it has robust policies in place for conflict of interest, whistleblower protection, and document retention, contributing to its overall accountability.
While the organization excels in financial metrics, the summary does not provide additional context on the impact of its programs or community engagement, which could present a more comprehensive view of its overall effectiveness. However, its strong financial practices suggest it is well-positioned to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Seventh Regiment Armory Conservancy Inc legitimate?
Seventh Regiment Armory Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seventh Regiment Armory Conservancy Inc 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: $1,679,618
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,914,305
For more financial information, click here
Official website here: www.armoryonpark.org
What is the mission statement of Seventh Regiment Armory Conservancy Inc?
The Seventh Regiment Armory Conservancy Inc strives to restore, renovate, and revitalize a historic building into a contemporary arts institution. With its vast 55,000-square-foot Wade Thompson Drill Hall and an assortment of exuberant period rooms, the armory offers a unique platform for artists to create unconventional works in the performing and visual arts. The institution is renowned for presenting ambitious artistic programming that cannot be fully realized in traditional proscenium theaters, concert halls, or white wall galleries. The Armory's programming has gained critical acclaim, being described as "essential to New York life" by the New Yorker. Alongside this adventurous artistic presentation, the organization offers no-cost creativity-based arts education programs to thousands of students from underserved New York City public schools. Through these programs, the Seventh Regiment Armory Conservancy Inc deeply engages students in the arts.
Official website here: www.armoryonpark.org
Who is the CEO of Seventh Regiment Armory Conservancy Inc?
Rebecca Robertson is the President/Director of Seventh Regiment Armory Conservancy Inc.
Official website here: www.armoryonpark.org
What is the revenue of Seventh Regiment Armory Conservancy Inc?
Seventh Regiment Armory Conservancy Inc's revenue in 2022 was $25,775,418.
Official website here: www.armoryonpark.org
Who are the executives of Seventh Regiment Armory Conservancy Inc and what are their salaries?
The average compensation at Seventh Regiment Armory Conservancy Inc during 2022 was $21,647. There are 397 employees and 36 volunteers at Seventh Regiment Armory Conservancy Inc.
Here are 48 key members and their salaries:
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Official website here: www.armoryonpark.org
Where can I find the form 990 for Seventh Regiment Armory Conservancy Inc?
Seventh Regiment Armory Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.armoryonpark.org
Learn more at the official website: www.armoryonpark.org
Mission Statement of Seventh Regiment Armory Conservancy Inc
Seventh Regiment Armory Conservancy Inc is a nonprofit organization dedicated to restoring, renovating, and revitalizing the historic Park Avenue Armory into a contemporary arts institution. The mission of Seventh Regiment Armory Conservancy is to provide a platform for a diverse range of artists to create, students to explore, and audiences to experience epic, adventurous, and relevant work that cannot be found elsewhere in New York.
With its soaring 55,000-square-foot Wade Thompson Drill Hall and an array of exuberant period rooms, the Armory fills a critical void in the cultural ecosystem of New York City. Unconventional works in the performing and visual arts that cannot be fully realized in a traditional proscenium theater, concert hall, or white wall gallery find a home at the Armory. The organization has been praised as "one of the most ambitious arts presenters in the city, if not the country" (Wall Street Journal), with the New Yorker declaring that "the Armory's programming has become essential to New York life."
In addition to adventurous artistic programming, Seventh Regiment Armory Conservancy offers creativity-based arts education programs at no cost to thousands of students from underprivileged New York City public schools. These programs deeply engage students in the arts, providing them with unique opportunities to learn and grow. The Armory's commitment to both artistic innovation and educational outreach makes it an invaluable asset to the cultural landscape of New York City.
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Impact
October, 2024
Seventh Regiment Armory Conservancy Inc plays a pivotal role in shaping New York City's cultural landscape by transforming the historic Park Avenue Armory into a vibrant contemporary arts institution. By restoring and revitalizing the armory, the conservancy creates a unique space that accommodates a diverse range of artistic expressions that cannot be showcased in traditional venues. The 55,000-square-foot Wade Thompson Drill Hall and the armory's distinctive period rooms provide exceptional environments for both visual and performing arts, allowing artists to push the boundaries of their creativity.
The armory has emerged as a critical platform for unconventional works, facilitating innovative performances and exhibitions that engage the community and expand the artistic dialogue in the city. The recognition by major publications, such as the Wall Street Journal and The New Yorker, underscores its significance, highlighting the armory as an essential part of New York's artistic identity.
Moreover, the impact extends beyond just performances. The armory's commitment to arts education serves as a lifeline for thousands of students from underserved public schools, providing them with free access to creativity-based programs. These initiatives foster exploration and engagement with the arts, nurturing the next generation of artists and art appreciators.
In summary, the Seventh Regiment Armory Conservancy Inc significantly enriches the cultural ecosystem of New York City, offering unique artistic opportunities while also investing in the education and development of future talent in the arts.
This information is meant to be a general summary of Seventh Regiment Armory Conservancy Inc. 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: $5,033,842
- Program Service Revenue: $7,212,665
- Gross Receipts: $150,464,937
Assets and Liabilities:
- Total Assets: $277,122,381
- Total Liabilities: $4,029,507
- Net Assets: $273,092,874
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF EXHIBITION SPACE
Revenue
$3,585,974
BOX OFFICE REVENUE
Revenue
$3,339,640
TICKET AND FACILITY FEE INCOME
Revenue
$287,051
Organization Details
Founding Year
1999
Phone
(212) 616-3930Principal Officer
Rebecca Robertson
Main Address
643 PARK AVENUE, NEW YORK, NY, 10065
Website
www.armoryonpark.orgNTEE Category
Code: A80 - Arts
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