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.
Form
990EZ
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Connolly President | 1 | $0 | |
Richard Rhymestine Vice President | 1 | $0 | |
Mary F Morse Secretary/treasurer | 1 | $0 | |
Renee Scialdo Shevat Member | 1 | $0 | |
Kevin Crosley Member | 1 | $0 | |
Scott Flansburg Member | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $3,207 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $7,892 |
Total expenses | $11,099 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $2,191 |
Other assets | $0 |
Total assets | $260,354 |
Total liabilities | $33,119 |
Net assets or fund balances | $227,235 |