Nonprofit · EIN 82-4726399
KNOTHOLE FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $998,496 | $548,770 | $449,726 | $6,772,766 | $2,190,447 | $4,582,319 |
| December 31, 2024 | 990 | $1,198,252 | $1,065,929 | $132,323 | $6,398,033 | $2,265,440 | $4,132,593 |
| December 31, 2023 | 990 | $1,144,364 | $923,946 | $220,418 | $6,530,822 | $2,530,552 | $4,000,270 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $836,157
- Program service revenue
- $174,539
- Investment income
- $50
- Other revenue
- -$12,250
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,000
- Other salaries and wages
- $155,849
- Salaries, compensation and benefits (total)
- $194,910
- Professional fundraising fees
- $0
- Accounting fees
- $3,530
- Depreciation
- $160,219
- Program services (functional)
- $512,925
- Management and general (functional)
- $34,757
- Fundraising (functional)
- $1,088
Balance sheet and other
- Total assets, start of year
- $6,398,033
- Total assets, end of year
- $6,772,766
- Total liabilities, end of year
- $2,190,447
- Net assets, end of year
- $4,582,319
- Land, buildings and equipment
- $6,247,630
- Net assets without donor restrictions
- $4,582,319
- Gross receipts
- $998,496
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORRIS MADDEN | SECRETARY Trustee or director | 15 | $15,000 |
| JEFF SCHAEFFER | OFFICER Trustee or director | 20 | $15,000 |
| PATRICK BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN BARNES | TREASURER Trustee or director | 20 | $0 |
| JEFF BOSE | BOARD MEMBER Trustee or director | 1 | $0 |
| TASHIA COE | EXECUTIVE CO Trustee or director | 2 | $0 |
| HAROLD GRIER | BOARD MEMBER Trustee or director | 1 | $0 |
| TJ LEWIS | EXECUTIVE CO Trustee or director | 2 | $0 |
| HAROLD LLOYD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORRIS MADDEN | SECRETARY Trustee or director | 15 | $30,000 |
| JEFF SCHAEFFER | OFFICER Trustee or director | 20 | $30,000 |
| PATRICK BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN BARNES | TREASURER Trustee or director | 20 | $0 |
| JEFF BOSE | BOARD MEMBER Trustee or director | 1 | $0 |
| TASHIA COE | EXECUTIVE CO Trustee or director | 2 | $0 |
| HAROLD GRIER | BOARD MEMBER Trustee or director | 1 | $0 |
| TJ LEWIS | EXECUTIVE CO Trustee or director | 2 | $0 |
| HAROLD LLOYD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MORRIS MADDEN | SECRETARY Trustee or director | 15 | $0 | $40,000 |
| ALAN BARNES | TREASURER Trustee or director | 20 | $0 | $0 |
| TASHIA COE | EXECUTIVE CO Trustee or director | 2 | $0 | $0 |
| TJ LEWIS | EXECUTIVE CO Trustee or director | 2 | $0 | $0 |
| JEFF SCHAEFFER | OFFICER Trustee or director | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7531 TUCKASEEGEE RD, CHARLOTTE, NC 28214-0000
- Principal officer (990 for 2025)
- ALAN BARNES, 7531 TUCKASEEGEE ROAD, CHARLOTTE, NC 28214
- Signed the 990
- ALAN BARNES, TREASURER
- Phone
- (704) 904-8715
- Website
- WWW.KNOTHOLECAROLINAS.ORG
- Return prepared by
- DAVIES GOLDSTEIN & ASSOCIATES CPA'S
Mission
KNOTHOLE'S MISSION IS TO PROMOTE THE SPORT OF BASEBALL IN UNDERSERVED COMMUNITIES AND TO CREATE LIFE OPPORTUNITIES FOR UNDERSERVED YOUTH BY PROVIDING ACCESS TO FACILITIES, EDUCATION, HEALTH AND WELLNESS PROTOCOLS.
Program accomplishments
- THE SIGNIFICANT AMOUNT OF FUNDS DEVOTED TO CAPITAL THRU 2021 SHIFTED TO OPERATIONS IN 2022 AND CONTINUED THRU 2024 AS THE MAJORITY OF FIELD/FACILITY DEVELOPMENT WAS COMPLETED AND ONGOING MAINTENANCE AND OPERATIONS IN SUPPORT OF TEAMS, CAMPS, CLINICS, EVENTS AND COMMUNITY OUTREACH WAS EMPHASIZED. THIS HAS PROVIDED THE FOUNDATION FOR FULLY SERVING THE COMMUNITY AND RELATED MISSION OF INCREASING DIVERSITY AND ACCESS FOR YOUTH BASEBALL, AFFORDING YOUTH AGES 4-18 THE BENEFIT OF TEAM SPORTS, ALONG WITH THE WRAP-AROUND SUPPORT FOR EDUCATION AND LIFE SKILLS.Expenses $256,463 · revenue $87,270
- PROGRAMMING CONTINUED TO SCALE SIGNIFICANTLY AS THE NUMBER OF YOUTH PLAYING AFFILIATED ON TEAMS INCREASED AS DID THE NUMBER OF YOUTH INTRODUCED TO BASEBALL (1,700), MANY FOR THE FIRST TIME, THROUGH CAMPS AND CLINICS CONDUCTED AT THE DREAM FIELDS AND IN COMMUNITY. KEY EVENTS WERE ALSO PLANNED AND EXECUTED (I.E. 5TH ANNUAL HBCU CAMP/SHOWCASE; 3RD ANNUAL WESTSIDE STORY SPRING BREAK TOURNAMENT; NATIONAL NIGHT OUT IN PARTNERSHIP WITH CMPD; BACK TO SCHOOL EVENT). EDUCATION CONTINUED TO BE IMBEDDED IN THE FABRIC OF BASEBALL-THEMED ACTIVITIES (AS MEASURED BY OF READING HOURS; % PLAYERS ENGAGED IN READING). AFFORDABLE ACCESS CONTINUED TO BE AN AREA OF FOCUS WITH MOST ACTIVITIES DELIVERED AT NO COST TO PARTICIPANTS AND OVER 90% SUBSIDIZED FOR PLAYER PARTICIPATION ON TEAMS.Expenses $256,462 · revenue $87,269
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 82-4726399
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N63)
- Assets (IRS master file)
- $6,772,766
- Income (IRS master file)
- $998,496
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $998,496 | $548,770 | $6,772,766 | XML |
| 990 | December 2024 | $1,198,252 | $1,065,929 | $6,398,033 | XML |
| 990 | December 2023 | $1,144,364 | $923,946 | $6,530,822 | XML |
| 990 | December 2022 | $870,455 | $708,788 | $5,718,511 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-4726399).
Questions about KNOTHOLE FOUNDATION INC
- What is the EIN of KNOTHOLE FOUNDATION INC?
- The employer identification number (EIN) of KNOTHOLE FOUNDATION INC is 82-4726399.
- Is KNOTHOLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to KNOTHOLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KNOTHOLE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KNOTHOLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KNOTHOLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KNOTHOLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ALAN BARNES.
- Who are the officers and directors of KNOTHOLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $15,000 (MORRIS MADDEN, SECRETARY).
- How much revenue does KNOTHOLE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $998,496, expenses of $548,770 and total assets of $6,772,766 at year end.
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