Form 990 for tax year 2024
Filed by PIKESVILLE ARMORY FOUNDATION INC.
Totals
- Total revenue
- $9,782,068
- Total expenses
- $1,411,111
- Contributions and grants received
- $9,659,590
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $105,871
- Other revenue
- $16,607
- Total assets, end of year
- $18,630,404
- Total liabilities, end of year
- $556,666
- Net assets or fund balances, end of year
- $18,073,738
- Program services expenses (Part IX)
- $323,760
- Management and general expenses
- $670,248
- Fundraising expenses
- $417,103
- Program service expenses (Part III)
- $323,760
Program services were 22.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$9,345,664
-
1f · All other contributions, gifts and grants
$313,926
-
3 · Investment income
total $105,871 · excluded $105,871
-
6a · Gross rents
real property $16,607
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $16,607
-
6d · Net rental income or loss
total $16,607 · excluded $16,607
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $343,641 · program services $109,965 · management and general $37,801 · fundraising $195,875
-
7 · Other salaries and wages
total $175,380 · program services $56,121 · management and general $19,292 · fundraising $99,967
-
8 · Pension plan contributions
total $6,599 · program services $2,112 · management and general $726 · fundraising $3,761
-
10 · Payroll taxes
total $37,194 · program services $11,784 · management and general $4,213 · fundraising $21,197
-
11b · Fees: legal
total $32,533 · management and general $32,533
-
11c · Fees: accounting
total $54,563 · management and general $54,563
-
11g · Fees: other
total $102,252 · program services $51,126 · management and general $51,126
-
12 · Advertising and promotion
total $20,871 · program services $4,174 · fundraising $16,697
-
13 · Office expenses
total $35,261 · management and general $35,115 · fundraising $146
-
16 · Occupancy
total $463,541 · program services $63,133 · management and general $400,096 · fundraising $312
-
17 · Travel
total $4,119 · program services $3,914 · management and general $205
-
20 · Interest
total $7,032 · management and general $7,032
-
23 · Insurance
total $3,286 · management and general $3,286
-
24a · Other expenses: FUNDRAISING FEES
total $79,148 · fundraising $79,148
-
24b · Other expenses: LANDSCAPING
total $24,083 · program services $19,266 · management and general $4,817
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $19,001 · management and general $19,001
-
24d · Other expenses: AWARDS
total $1,985 · program services $1,985
-
24e · All other expenses
total $622 · program services $180 · management and general $442
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $233,977 · end of year $739,720
-
2 · Savings and temporary cash investments
beginning of year $3,376,290 · end of year $529,740
-
3 · Pledges and grants receivable
beginning of year $822,616 · end of year $681,302
-
9 · Prepaid expenses and deferred charges
beginning of year $85,043 · end of year $222,534
-
10a · Land, buildings and equipment: cost or other basis
$12,028,009
-
10c · Land, buildings and equipment, net
beginning of year $4,240,000 · end of year $12,028,009
-
15 · Other assets
beginning of year $1,136,066 · end of year $4,429,099
-
17 · Accounts payable and accrued expenses
beginning of year $191,211 · end of year $408,036
-
25 · Other liabilities
beginning of year $0 · end of year $148,630
-
27 · Net assets without donor restrictions
beginning of year $5,398,498 · end of year $16,352,468
-
28 · Net assets with donor restrictions
beginning of year $4,304,283 · end of year $1,721,270
Mission and programs · 2024
Mission
THE FOUNDATION WAS ESTABLISHED IN DECEMBER 2020 FOR THE FUTURE RENOVATION AND REVITALIZATION OF THE PIKESVILLE, MD ARMORY.
Activities or mission (Part I)
RESTORATION AND REVITALIZATION OF THE HISTORIC PIKESVILLE, MARYLAND ARMORY FACILITIES.THE CORPORATION WAS ORGANIZED IN DECEMBER 2020 TO TAKE AN ACTIVE ROLE IN THE ACQUISITION, RENOVATION AND FUTURE OPERATION OF THE HISTORIC FORMER PIKESVILLE, MARYLAND ARMORY FACILITIES.
-
ESTABLISHMENT OF ORGANIZATION AND APPLYING FOR PRIVATE AND LOCAL/STATE/FEDERAL GOVERNMENT GRANTS.
Expenses $323,760
As filed on the 2024 return.
Listed in Part VII
-
SHELLEY MORHAIM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
ISAAC HAMETZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
JACK GREENBERG
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
HON CHERYL PASTEUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LISA RADOV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BETH RHEINGOLD PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MAX ROZGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LARRY ROSENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DEANE RUNDELL FALSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LARRY SCHUGAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BARRY WILLIAMS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
VINCE JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DAVID GINSBURG
EXECUTIVE DIRECTOR
- Total calculated
- $175,682
- From this org
- $156,337
- From related orgs
- $0
- Other
- $19,345
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,337
- Bonus
- $0
- Other
- $0
- Deferred
- $1,569
- Nontaxable benefits
- $17,776
- Filer's total
- $175,682
-
RACHEL TRASK
DIR. OF DEVELOPMENT
- Total calculated
- $167,958
- From this org
- $152,865
- From related orgs
- $0
- Other
- $15,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,865
- Bonus
- $0
- Other
- $0
- Deferred
- $1,846
- Nontaxable benefits
- $13,247
- Filer's total
- $167,958
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533169349307458
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