Kevin Huerter Foundation Inc.

Overview

The Kevin Huerter Foundation Inc. is a nonprofit organization headquartered in Halfmoon, New York. It is classified under the category of Youth Development and Youth Development Programs, Other, as defined by the NTEE. The foundation focuses on charitable activities, with donations being tax-deductible.

Purpose and Activities

Established by NBA player Kevin Huerter, the foundation aims to give back to the community that raised him. Since its inception, it has been involved in various initiatives to support local youth development. The foundation is now in its second year of operation, expanding its reach within the Capital Region.

Financials

In recent years, the Kevin Huerter Foundation has reported significant financial activity. For example, in its fiscal year ending in 2023, it had a revenue of approximately $225,000, with contributions being the primary source of income. The foundation's expenses were about $25,500, with charitable disbursements making up a substantial portion of these expenditures. As of 2023, the foundation held total assets of approximately $299,295, with no reported liabilities.

Governance and Compensation

The foundation is led by Kevin Huerter as its President, with other key members including Thomas R. Jr Huerter as Vice President and various family members and individuals serving as directors. Notably, there is no compensation reported for any of the officers or directors, indicating a volunteer-driven leadership.

Community Engagement

The foundation supports community activities through events like a golf tournament, which raised over $30,000 in its first year. This kind of engagement helps fund local youth development initiatives and supports grant opportunities for other organizations.

Grants and Philanthropy

In 2023, the Kevin Huerter Foundation distributed grants totaling $8,000. The foundation's grant history reflects its commitment to supporting local nonprofits and initiatives aligned with its mission.