Kennedy-Herterich Foundation
- Assets
- $8.7m
- Revenue
- $456.3k
- Investments
- $8.4m
- Employees
- 0
- Location
- Blowing Rock, NC
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-3277711
Organization Overview
Kennedy-Herterich Foundation is located in Blowing Rock, NC. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kennedy-Herterich 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 12/2023, Kennedy-Herterich Foundation generated $456.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $451.0k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 7 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.
Since 2017, Kennedy-Herterich Foundation has awarded 161 individual grants totaling $2,388,780. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karyn Kennedy Herterich President | 20 | $36,000 | |
Morgan Kennedy Herterich Secretary/tr | 20 | $36,000 | |
Dieter K Herterich Vice Preside | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104 |
| Dividends & Interest | $208,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,221 |
| Capital Gain Net Income | $247,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $456,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,508 |
| Interest | $0 |
| Taxes | $5,336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,550 |
| Printing and publications | $0 |
| Other expenses | $24,080 |
| Total operating and administrative expenses | $137,325 |
| Contributions, gifts, grants paid | $313,706 |
| Total expenses and disbursements | $451,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,705 |
| Savings and temporary cash investments | $172,365 |
| 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 | $23,457 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,651,459 |
| 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, Kennedy-Herterich Foundation has awarded $313,706 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN STATE UNIVERSITY FOUNDA PURPOSE: EDUCATION SUPPORT | $25,610 |
BLOWING ROCK CIVIC ASSOCIATION PURPOSE: GENERAL OPERATING | $1,500 |
CAMP HAPPY DAYS PURPOSE: SUPPORT FOR CHILDREN WITH CANCER | $5,796 |
CHARLESTON GAILLARD CENTER PURPOSE: OPERATIONS SUPPORT | $25,000 |
CHARLESTON JUNIOR GOLF FOUNDATION PURPOSE: STRUCTURED EDUCATIONAL PROGRAMS | $1,000 |
CHRIST SCHOOL PURPOSE: EDUCATION | $27,500 |