Armory feels the heat; new IRS form posted as expose looms
A source tells me that a New York City newspaper is looking into the Armory tax filings, discussed in my “Perjury and perfidy” entry. An article could appear as early as Friday (tomorrow). I also got this note today from Rita Finkel, director of business development for the Armory Track & Field Foundation: “Dear Mr. Stone: It appears that you have been reviewing the original IRS form 990 filed in November 2006. So that you have the correct information, an amended corrected IRS form 990 was filed by our accountants in April 2007. The incorrect form has been taken down by GuideStar. We are advised that the corrected form will be posted shortly.” In fact, the revised Form 990 is up now. I downloaded it and posted it here.
More strangeness: This time, the Armory lists nobody on the page devoted to its “five highest-paid employees.” I also posted the Armory’s 2008 Form 990, but it doesn’t explicitly say anything about a settlement paid to Ed Small and Sharon Warren after their lawsuit, which barely avoided going to trial. Might be hidden in a “professional fees” category.
In addition, the revised 2005 Form 990, submitted in 2007, shows Dr. Norbert Sander, the head honcho, was paid $67,500 in 2005. But the original 2005 Form 990 shows his compensation as $135,000. So many changes. Makes my head spin.
I’ve also done some other snooping. A vast database of New York City building records shows the Armory has a history of failing to comply with various city rules. And several complaints against the Armory are still “open” — unresolved to the city’s satisfaction.
Of course, most buildings in New York City could have similar blots. But the Armory is a nonprofit outfit that should meet higher standards. It’s a charity, remember.
Check out this complaint involving an “illegal conversion” of the Armory’s track.
This is all tip-of-the-iceberg stuff. More to come.
One Response
Only the lowest form of slime would rat anyone out to the IRS
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