SEVENTH REGIMENT ARMORY CONSERVANCY INC

EIN: 134086800 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$23,012,613
Total Expenses
$35,131,903
Total Assets
$271,905,924
Net Assets
$267,053,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
REBECCA ROBERTSON
Phone
2126163930
Tax Period
2023-01-01 to 2023-12-31

SEVENTH REGIMENT ARMORY CONSERVANCY INC, founded in 1999, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $23.0M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $35.1M exceeded revenue, resulting in a 53% operating deficit.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,831,234
Program Service Revenue $11,410,971
Investment Income $3,483,574
Other Revenue $-713,166
TOTAL REVENUE $23,012,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,816,578
Fundraising Expenses $2,037,626
Program Expenses $30,390,536
Other Expenses $25,315,325
TOTAL EXPENSES $35,131,903

Year-over-Year Comparison

2023 2022 Change
Revenue $23,012,613 $25,775,418 -0.1%
Expenses $35,131,903 $39,873,994 -0.1%
Net Income $-12,119,290 $-14,098,576 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
27
Employees
388
Volunteers
31

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,051,919
Total Directors
32
$648,342
Key Employees
3
$871,664
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA ROBERTSON PRESIDENT/DIRECTOR 50.0
Officer Director
$593,163 $55,179 $648,342
MELANIE FORMAN CHIEF DEVELOPMENT OFFICER 32.0
Key Emp
$308,441 $19,695 $328,136
MICHAEL LONERGAN CHIEF ARTISTIC PRODUCER 50.0
Highest
$276,716 $17,833 $294,549
PAUL KING DIRECTOR OF PRODUCTION 50.0
Key Emp
$249,911 $44,390 $294,301
JENNIFER KIM CHIEF OPERATING OFFICER 50.0
Key Emp
$233,773 $15,454 $249,227
THOMAS TRAYER DIRECTOR OF MARKETING 50.0
Highest
$197,434 $22,353 $219,787
JAMES McGLYNN CFO (THRU 09/23) 50.0
Officer
$187,849 $23,523 $211,372
Ashlee Willaman Director of Human Resources 50.0
Highest
$183,494 $25,767 $209,261
MARC VON BRAUNSBERG DIR. OF OPERATIONS & SECURity 50.0
Highest
$166,612 $10,849 $177,461
Claire Marberg Production Manager 50.0
Highest
$150,717 $21,302 $172,019
KIRSTEN REOCH THRU 092023 DIR.OF CAPITAL PLANNING 50.0
Officer
$131,561 $22,843 $154,404
Judith Rubin CFO (EFF. 10/2023) 50.0
Officer
$36,912 $889 $37,801
ELIHU ROSE PHD Chairman Emeritus 1.0
Officer Director
$0 $0 $0
ADAM R FLATTO Co-Chair 1.0
Officer Director
$0 $0 $0
AMANDA JT RIEGEL Co-Chair 1.0
Officer Director
$0 $0 $0
DAVID FOX Vice President 1.0
Officer Director
$0 $0 $0
PABLO LEGORRETA Vice President 1.0
Officer Director
$0 $0 $0
EMANUEL STERN Vice President, Treasurer 1.0
Officer Director
$0 $0 $0
MARINA ABRAMOVIC DIRECTOR 1.0
Director
$0 $0 $0
SIR DAVID ADJAYE OBE DIRECTOR (THRU 7/2023) 1.0
Director
$0 $0 $0
ABIGAIL BARATTA DIRECTOR 1.0
Director
$0 $0 $0
DR JOYCE F BROWN DIRECTOR 1.0
Director
$0 $0 $0
CORA CAHAN DIRECTOR 1.0
Director
$0 $0 $0
HELENE COMFORT DIRECTOR 1.0
Director
$0 $0 $0
PAUL CRONSON DIRECTOR 1.0
Director
$0 $0 $0
Jonathan L Davis DIRECTOR (EFF. 2/2023) 1.0
Director
$0 $0 $0
TINA R DAVIS DIRECTOR 1.0
Director
$0 $0 $0
JESSIE DING DIRECTOR 1.0
Director
$0 $0 $0
SANFORD B EHRENKRANZ DIRECTOR 1.0
Director
$0 $0 $0
ROBERTA GARZA DIRECTOR 1.0
Director
$0 $0 $0
Kimberly E Greenberg DIRECTOR (EFF. 9/2023) 1.0
Director
$0 $0 $0
MARJORIE L HART DIRECTOR (THRU 1/2023) 1.0
Director
$0 $0 $0
BRANDEN JACOBS-JENKINS DIRECTOR 1.0
Director
$0 $0 $0
SAMHITA JAYANTI DIRECTOR 1.0
Director
$0 $0 $0
Adrienne Katz DIRECTOR (EFF. 4/2023) 1.0
Director
$0 $0 $0
BG EDWARD GKLEIN NYNGRET DIRECTOR 1.0
Director
$0 $0 $0
RALPH LEMON DIRECTOR 1.0
Director
$0 $0 $0
JASON MORAN DIRECTOR 1.0
Director
$0 $0 $0
JANET C ROSS DIRECTOR 1.0
Director
$0 $0 $0
Stephanie Sharp DIRECTOR (EFF. 12/2023) 1.0
Director
$0 $0 $0
JOAN STEINBERG DIRECTOR 1.0
Director
$0 $0 $0
PETER ZHOU DIRECTOR (THRU 12/2023) 1.0
Director
$0 $0 $0
ANDREW GUNDLACH DIRECTOR (THRU 12/2023) 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $23,012,613 $35,131,903 $271,905,924 $-12,119,290
2022 $25,775,418 $39,873,994 $277,122,381 $-14,098,576
2021 $25,857,761 $27,743,098 $306,083,724 $-1,885,337
2020 $23,303,674 $22,992,650 $211,213,544 $311,024
2019 $28,417,807 $31,493,035 $209,910,595 $-3,075,228
2018 $32,626,047 $28,393,426 $206,531,700 $4,232,621
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