Harvey L Kanter Foundation
- Assets
- $1.5m
- Revenue
- $78.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- High Point, NC
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 27-0045055
Organization Overview
Harvey L Kanter Foundation is located in High Point, NC. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvey L Kanter Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Harvey L Kanter Foundation generated $78.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $86.5k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Steelman Trustee | 5 | $2,200 | |
Courtney Best Trustee | 5 | $0 | |
James Davis Trustee | 5 | $2,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $43,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,918 |
| Capital Gain Net Income | $34,918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,073 |
| Total operating and administrative expenses | $21,547 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $86,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,995 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,470,999 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,475,994 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Harvey L Kanter Foundation has awarded $70,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH POINT REGIONAL HEALTH SYSTEM PURPOSE: CHARITABLE CONTRIBUTION | $65,000 |
GTCC PURPOSE: CHARITABLE CONTRIBUTION | $5,600 |