Armadas Foundation

Flushing, NY
Tax-exempt since Nov. 2002
EIN: 16-1622664

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$4.64M (2024)

Expenses

$4.19M (2024)

Total Assets

$63.5M (2024)

Total Liabilities

$3.9k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$4,637,517

Expenses

$4,193,866

Net Income

$443,651

Net Assets

$63,537,204

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500	0.0%
Interest Revenue	$39,696	0.9%
Dividends	$729,687	15.7%
Sales of Assets	$3,866,634	83.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000,000	95.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$63,541,108
Total Liabilities	$3,904
Net Assets	$63,537,204

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Aug. 18, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Revenue

$4,643,870

Expenses

$2,857,543

Net Income

$1,786,327

Net Assets

$60,745,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,001,500	43.1%
Interest Revenue	$43,982	0.9%
Dividends	$648,505	14.0%
Sales of Assets	$1,949,883	42.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,700,000	94.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$60,749,619
Total Liabilities	$3,904
Net Assets	$60,745,715

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Aug. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2022

Revenue

$4,098,363

Expenses

$176,884

Net Income

$3,921,479

Net Assets

$52,900,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,501,500	36.6%
Interest Revenue	$9,607	0.2%
Dividends	$476,812	11.6%
Sales of Assets	$2,110,444	51.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$52,903,928
Total Liabilities	$3,904
Net Assets	$52,900,024

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Aug. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$39,434,011

Expenses

$6,319,688

Net Income

$33,114,323

Net Assets

$56,083,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$37,500,750	95.1%
Interest Revenue	$2,019	0.0%
Dividends	$571,300	1.4%
Sales of Assets	$1,359,942	3.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,200,750	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,087,836
Total Liabilities	$3,904
Net Assets	$56,083,932

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Feb. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2020

Revenue

$589,598

Expenses

$61,611

Net Income

$527,987

Net Assets

$20,438,425

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$750	0.1%
Interest Revenue	$57	0.0%
Dividends	$381,967	64.8%
Sales of Assets	$206,824	35.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,442,329
Total Liabilities	$3,904
Net Assets	$20,438,425

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Nov. 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2019

Revenue

$469,858

Expenses

$1,189,876

Net Income

-$720,018

Net Assets

$20,181,423

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$253,489	54.0%
Dividends	$216,369	46.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,131,090	95.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,185,327
Total Liabilities	$3,904
Net Assets	$20,181,423

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2018

Revenue

$20,111,510

Expenses

$15,062

Net Income

$20,096,448

Net Assets

$20,334,184

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000,850	99.4%
Interest Revenue	$17,613	0.1%
Dividends	$44,561	0.2%
Sales of Assets	$48,486	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,062	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,338,088
Total Liabilities	$3,904
Net Assets	$20,334,184

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Feb. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2017

Revenue

$654,354

Expenses

$653,969

Net Income

$385

Net Assets

$81,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$654,265	100.0%
Interest Revenue	$89	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$653,650	100.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$85,865
Total Liabilities	$3,904
Net Assets	$81,961

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on July 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2016

Revenue

$89

Expenses

$18,265

Net Income

-$18,176

Net Assets

$81,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$89	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,152	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$85,161
Total Liabilities	$3,904
Net Assets	$81,257

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Feb. 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2015

Revenue

$27,116

Expenses

$16,503

Net Income

$10,613

Net Assets

$99,433

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,961	99.4%
Interest Revenue	$155	0.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,503	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$103,337
Total Liabilities	$3,904
Net Assets	$99,433

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Feb. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2014

Revenue

$248

Expenses

$22,254

Net Income

-$22,006

Net Assets

$88,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$248	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,254	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$92,724
Total Liabilities	$3,904
Net Assets	$88,820

Compensation

Key Employees and Officers	Compensation	Other
Richard Kirschner (President/Director)	$0	$0
Rachelle Kirschner (Treasurer/Director)	$0	$0
Stanley Fleishman (Secretary/Director)	$0	$0

990-PF

Filed on Feb. 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2013

Revenue

$410

Expenses

$22,331

Net Income

-$21,921

Net Assets

$110,826

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$410	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,331	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,730
Total Liabilities	$3,904
Net Assets	$110,826

990-PF

Filed on March 21, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2012

Revenue

$75,631

Expenses

$58,795

Net Income

$16,836

Net Assets

$132,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	99.2%
Interest Revenue	$631	0.8%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,795	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$136,651
Total Liabilities	$3,904
Net Assets	$132,747

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$925,300

Expenses

$921,361

Net Income

$3,939

Net Assets

$115,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$924,998	100.0%
Interest Revenue	$302	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$921,361	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$119,815
Total Liabilities	$3,904
Net Assets	$115,911

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Armadas Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.64M (2024)

Expenses $4.19M (2024)

Total Assets $63.5M (2024)

Total Liabilities $3.9k (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2012

Revenue

$4.64M (2024)

Expenses

$4.19M (2024)

Total Assets

$63.5M (2024)

Total Liabilities

$3.9k (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002