Herkimer 9 Foundation Inc

Organization Overview

Herkimer 9 Foundation Inc is located in Herkimer, NY. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herkimer 9 Foundation Inc 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, Herkimer 9 Foundation Inc generated $26.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (50.4%) each year. All expenses for the organization totaled $11.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (42.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO COMBAT COMMUNITY DETERIORATION IN THE VILLAGE OF HERKIMER, AND ITS SURROUNDS, BY SUPPORTING AND ADVANCING EFFORTS TO REVITALIZE THE AREA AS A CENTER OF ACTIVITY AND COMMERCIAL EXPANSION, TO SUPPORT THE PRESERVATION AND IMPROVEMENT OF EXISTING BUILDINGS AND STRUCTURES HAVING HISTORIC SIGNIFICANCE, AND TO SUPPORT THE CREATION OF NEW FACILITIES WITHIN THE BLIGHTED, DECAYED OR SUBSTANDARD AREAS OF THE VILLAGE OF HERKIMER, ALL OF WHICH WILL HELP TO LESSEN THE BURDENS OF GOVERNMENT AGENCIES INVOLVED WITH THESE REVITALIZATION EFFORTS

Describe the Organization's Program Activity:

Part 3

THE ORGANIZATION PLANS TO PROMOTE THE REDEVELOPMENT OF HISTORIC STRUCTURES SUCH AS THE QUACKENBUSH FACTORY, A STRUCTURE ONCE OWNED BY THE QUACKENBUSH COMPANY WHICH WAS RESPONSIBLE FOR INVENTING OR SIGNIFICANTLY CONTRIBUTING TO THE DEVELOPMENT OF NUMEROUS EARLY 20TH CENTURY INVENTIONS INCLUDING THE 22-CALIBER RIM FIRE RIFLE, VARIOUS AIR RIFLES AND PISTOLS AND AMMUNITION, BICYCLES, A FOOT-POWERED WOOD LATHE, DARTS, STAIR RAILS, THE EXTENSION LADDER, THE KALEIDOSCOPE AND COAT HANGERS. THE ORIGINAL QUACKENBUSH FACTORY STILL STANDS IN DOWNTOWN HERKIMER AND THE VISION IS FOR THIS BUILDING TO BE REHABILITATED AS A CULTURAL CENTER AND MUSEUM HONORING HERKIMER'S MANUFACTURING HISTORY AND ALSO HOUSE AN INVENTION AND INNOVATION CENTER FOR ASPIRING ENTREPRENEURS.


THE ORGANIZATION ALSO WISHES TO DRAW ATTENTION TO AND HONOR HERKIMER'S ROLE IN THE HISTORY OF AMERICAN BASKETBALL. MANY OF THE RULES WHICH GOVERN THE MODERN GAME ARE BELIEVED TO HAVE BEEN DEVELOPED IN HERKIMER AND THE FIRST GAME UNDER THOSE RULES WAS PLAYED AT THE HERKIMER YMCA IN 1891. THE ORGANIZATION ENVISIONS THE DEVELOPMENT AND CONSTRUCTION OF A SPORTS VENUE IN THE VILLAGE OF HERKIMER THAT CAN PROVIDE A MUCH-NEEDED GATHERING SPACE FOR THE COMMUNITY WHILE ALSO HONORING THIS LOCAL HISTORIC ACHIEVEMENT. OTHER STRUCTURES IN THE AREA TO BE ADDRESSED IN THE REVITALIZATION PLAN INCLUDE THE HISTORIC HERKIMER COUNTY JAIL, THE OLD COUNTRY COURTHOUSE, A FEW CHURCHES, AND THE GOTHIC-STYLE MASONIC TEMPLE.


BY DEVELOPING A VISION AND IMPLEMENTING A PLAN TO REVITALIZE CERTAIN HISTORIC STRUCTURES AND DEVELOP NEW FACILITIES, THE ORGANIZATION SEEKS TO PROMOTE AND CREATE ECONOMIC AND TOURIST ACTIVITY FOR THE VILLAGE OF HERKIMER, ALL WITH THE INTENT OF RESTORING WHAT IS CURRENTLY A BLIGHTED, DECAYED AND DECREPIT AREA. THE ORGANIZATION WILL NOT UNDERTAKE ANY OF THE ACTUAL REHABILITATION OR NEW CONSTRUCTION ACTIVITIES THAT ARE PART OF THIS REVITALIZATION EFFORT. NOR WILL THE ORGANIZATION HAVE AN OWNERSHIP INTEREST IN OR MANAGEMENT ROLE IN ANY THIRD PARTIES THAT UNDERTAKEN THESE DEVELOPMENT ACTIVITIES OR THAT OPERATE THE NEW FACILITIES OR ANY OF THE BUSINESSES OCCUPYING THESE RENOVATED STRUCTURES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Christopher Connolly
President
$0
Richard Rhymestine
Vice President
$0
Mary F Morse
Secretary/treasurer
$0
Renee Scialdo Shevat
Member
$0
Kevin Crosley
Member
$0
Scott Flansburg
Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$22,955
Total Program Service Revenue$0
Membership dues$0
Investment income $0
Gain or Loss$0
Net Income from Gaming & Fundraising$3,300
Other Revenue$0
Total Revenue$26,255

Peer Organizations

Organization NameAssets
Spiritrust Lutheran Life
Chambersburg, PA
$10,313,155
Project Management Institute Educational Foundation
Newtown Square, PA
$4,802,761
People For People Community Development Corporation
Philadelphia, PA
$1,301,156
Bartlett Place Land Inc
Roxbury, MA
$4,350,997
Boston Impact Initiative Fund
Jamaica Plain, MA
$2,938,858
Downtown Committee Of Syracuse Inc
Syracuse, NY
$1,821,654
Civic New Markets Support Corporation Iii
New York, NY
$1,054,266
Ridc Mill 19a
Pittsburgh, PA
$2,145,712
Greater Philadelphia Chamber Of Commerce Regional Foundation
Philadelphia, PA
$790,202
Circulo Real Property Holding Corporation
Garden City, NY
$1,316,270
Civic Concourse Village Corporation
New York, NY
$1,407,618
Potlikker Capital
Ithaca, NY
$1,291,869
75 Spruce Street Development
Paterson, NJ
$1,419,580
Helen Schuyler Tr Uw Bo Community Foundation
Elmira, NY
$557,503
Corry Community Foundation
Erie, PA
$1,193,127
Blake Annex Inc
Albany, NY
$579,653
Suburban Development Council Inc
Collegeville, PA
$494,306
Titusville Community Development Services Inc
Titusville, PA
$427,166
Downtown Brooklyn Partnership Holdings Inc
Brooklyn, NY
$1,038,444
Pine Banks Park Foundation
Malden, MA
$687,105
Food Specialization Redevelopment Corporation
Millville, NJ
$185,522
Park Side 104 Housing Development Fund Company Inc
New York, NY
$410,244
King Street Center Foundation
Burlington, VT
$1,865,379
Greater Wilkes Barre Growth Partnership
Wilkesbarre, PA
$212,385
Friends Of The Pelham Civic Association Inc
Pelham, NY
$421,481

Create an account to unlock the data you need.

or