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Filing year 2023

THE ARMORY FOUNDATION

New York, New York·EIN 13-3680286·NTEE Z99Z · Unknown·501(c)(3)
Total revenue
$12M
Total assets
$13M
Total expenses
$8.8M
Reported officers
26
Mission

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 EDUCATIONAL CLASSES, COLLEGE PREPARATION PROGRAMS AND A VARIETY OF CULTURAL AND SCHOOL-COORDINATED EDUCATIONAL ACTIVITIES. THE ARMORY FOUNDATION HOSTS OVER 105 TRACK EVENTS EACH YEAR, MAINTAINS THE NATIONAL TRACK AND FIELD HALL OF FAME, OPERATES THE LARGEST AFTERSCHOOL ACTIVITY CENTER IN NEW YORK AND OFFERS A VARIETY OF COMMUNITY SUPPORT PROGRAMS IN ITS WORLD CLASS FACILITY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at organizationPage.redesign.benchmarkBuilder.ntee.Z organizations nationwide.

Co-president
75th to 90th percentilevs organizationPage.redesign.benchmarkBuilder.ntee.Z peers in New York
$381k
$428k
Base
$306k
Bonus
$45k
Other
Benefits
$29k
Co-president
75th to 90th percentilevs organizationPage.redesign.benchmarkBuilder.ntee.Z peers in New York
$379k
$426k
Base
$319k
Bonus
$45k
Other
Benefits
$14k
Chief Operating Officer
Median to 75th percentile
$214k
$240k
Base
$188k
Bonus
$25k
Other
Benefits
Director of Facilities
Highest Compensated Employee
25th percentile to median
$157k
$176k
Base
$142k
Bonus
Other
Benefits
$14k
Building Manager
Highest Compensated Employee
25th percentile to median
$150k
$169k
Base
$135k
Bonus
Other
Benefits
$14k
Dir. of Writing Institute
Highest Compensated Employee
25th percentile to median
$136k
$153k
Director of College Admissions
Highest Compensated Employee
10th to 25th percentile
$120k
$135k
Director of Operations
25th percentile to median
$115k
$129k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Browse compensation in organizationPage.redesign.benchmarkBuilder.ntee.Z

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE ARMORY FOUNDATION equaled 4% of the organization's total expenses. The median for organizationpage.redesign.benchmarkbuilder.ntee.z organizations is 9%.

This organization (2023)
4%
Sector median
9%
Middle half of sector
4% to 20%

Based on 1,569 organizationpage.redesign.benchmarkbuilder.ntee.z organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 9%
from 2022

From $349k in 2022 to $381k in 2023.

$349k
2022
$381k
2023
In today's dollarsEst.
Up 5% in real terms$407k to $428k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2022 to 2023, while revenue rose 54%.

$349k in 2022 to $381k in 2023.
  • Highest Compensated Employee pay rose 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE ARMORY FOUNDATION

What does the Chief Executive Officer of THE ARMORY FOUNDATION earn?

In 2023, the Chief Executive Officer of THE ARMORY FOUNDATION received $381,395 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among organizationPage.redesign.benchmarkBuilder.ntee.Z organizations in New York, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE ARMORY FOUNDATION compare with similar nonprofits?

Compared with the same role at organizationPage.redesign.benchmarkBuilder.ntee.Z organizations in New York, the 2023 pay of the Chief Executive Officer at THE ARMORY FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE ARMORY FOUNDATION equaled 4% of the organization's total expenses. The median for organizationpage.redesign.benchmarkbuilder.ntee.z organizations is 9%.

What are THE ARMORY FOUNDATION's revenue and expenses?

In 2023, THE ARMORY FOUNDATION reported $12M in total revenue and $8.8M in total expenses on its IRS Form 990.

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