Seventh Regiment Armory Conservancy Inc

Organization Overview

Seventh Regiment Armory Conservancy Inc, operating under the name Park Avenue Armory, is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Park Avenue Armory employed 486 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Avenue Armory is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Park Avenue Armory generated $25.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $27.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RESTORE, RENOVATE AND REVITALIZE THE HISTORIC PARK AVENUE ARMORY A CONTEMPORARY ARTS INSTITUTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Liz Bickley Studios Llc
Curator Consultant
$181,317
Pierre Audi
Program Consultant
$218,545
Almeida Theatre Company Ltd
Creative Consultant
$329,715
Syrreal Entertainment Gmbh
Artist's Fees
$554,426
New York Live Arts Inc
Artist's Fees
$155,590
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,504,913
Related organizations$0
Government grants $7,250,678
All other contributions, gifts, grants, and similar amounts not included above$4,751,747
Noncash contributions included in lines 1a–1f $421,660
Total Revenue from Contributions, Gifts, Grants & Similar$13,507,338
Total Program Service Revenue$3,094,973
Investment income $7,091,043
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,832,282
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,857,761

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Seventh Regiment Armory Conservancy Inc has recieved totaling $1,324,608.

Awarding OrganizationAmount
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$400,000
Ford Foundation

New York, NY

PURPOSE: CORE SUPPORT FOR CARRIE MAE WEEMS'S FROM SEA TO SHINING SEA TO BE INSTALLED IN THE PARK AVENUE ARMORY'S DRILL HALL, CONVENING A GROUP OF COLLABORATORS TO INTERROGATE THIS MOMENT AND OUR PLACE IN THE LONG MARCH FORWARD

$350,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$101,000
Donald A Pels Charitable Tr 081892

Harrison, NY

PURPOSE: GENERAL OPERATING SUPPORT

$100,000
Shubert Foundation Inc

New York, NY

PURPOSE: GENERAL OPERATING

$75,000
M K Reichert Sternlicht Foundation

Wilmington, DE

PURPOSE: CHARITABLE EVENT

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$75,829,928
Earnings$11,074,951
Other Expense$3,455,096
Ending Balance$83,449,783

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