Tyrone Armory INC

Tax-deductible

Tyrone, PA501(c)(3)Recreation & SportsEIN 85-2615316

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To provide a space for events, sports, small groups and programs to develope healthy and strong relationships that unify our community.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $15K a year · 9% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$176K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68K
-73% vs prior year
Spent
$72K
To programs
84%
Net assets
−$781
By yearFY2021–FY2024
Revenue
$68K
FY2024▼ -73%
Revenue by fiscal year
FY2021$89K
FY2022$250K
FY2024$68K
Expenses
$72K
FY2024▼ -67%
Expenses by fiscal year
FY2021Not on file
FY2022$216K
FY2024$72K
Net assets
−$781
FY2024▼ -102%
Net assets by fiscal year
FY2021$3K
FY2022$36K
FY2024−$781

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $60K Management & general 16% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Eric Latchford’s $34K as Former Director is at the 88th percentile of top reported officer pay among 98 <$100K recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters community unity through events, sports, and programs building healthy relationships.

Provided by the organization

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1 program service account for $60K of program spending, described in the organization's own filed words · FY2024.
01

To provide a space for events, sports, small groups and programs to develope healthy and strong relationships that unify our community.

$60Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$68K
Ln 12
Other incomeLn 4–11$47K
Fees for servicesLn 2g$20K
Gifts and grantsLn 1h$1K
Money outPt IX
$72K
Ln 25
Programscol B$60K
Managementcol C$12K
Owns and owesPt X
−$781
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$175K
LiabilitiesLn 26$176K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$20K
Other incomeLn 4–11$47K
Total revenueLn 12$68K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$174K
Total assetsLn 16$175K
LiabilitiesLn 26$176K
Net assetsLn 32−$781
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K$2K
Land, buildings, equipmentLn 10c$0$174K
Total assetsLn 16$3K$175K
LiabilitiesLn 26$0$176K
Net assetsLn 32$3K−$781
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$120$120
OccupancyLn 16$37K$37K
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$72K$60K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $68K$72K−$4K−$781 990 PDF
FY2023 Not on file
FY2022 $250K$216K$34K$36K 990 PDF
FY2021 $89K$3K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $67,989 across 4 lines filed
Lines not itemized here account for $19,900 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,310
VIII-1h Total contributions, gifts and grants$1,310
VIII-6 Net rental income or lossRelated to mission $46,779$46,779
VIII-12 Total revenueRelated to mission $66,679 · Unrelated business $0 · Excluded from tax $0$67,989
Part IX · Statement of functional expenses $71,688 across 5 lines filed
IX-11c Accounting feesManagement $120$120
IX-16 OccupancyPrograms $36,843$36,843
IX-20 InterestManagement $11,388$11,388
IX-22 Depreciation, depletion and amortizationPrograms $2,447$2,447
IX-24 Other expenses (24a–d)Programs $20,890$20,890
IX-25 Total functional expensesPrograms $60,180 · Management $11,508 · Fundraising $0$71,688
Part X · Balance sheet $175,368 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $2,918$1,666
X-10c Land, buildings and equipment, netStart of year $0$173,702
X-16 Total assetsStart of year $2,918$175,368
X-26 Total liabilitiesStart of year $0$176,149
X-32 Total net assets or fund balancesStart of year $2,918−$781
X-33 Total liabilities and net assetsStart of year $2,918$175,368
Part XI · Reconciliation of net assets −$781 net assets at year end
XI-1 Total revenue$67,989
XI-2 Total expenses$71,688
XI-3 Revenue less expenses−$3,699
XI-4 Net assets at start of year$2,918
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$781

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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