Civic Intelligence

Knothole Foundation Knothole Foundation

990 • Fiscal year 2024 • EIN 82-4726399

Jan 01, 2024 to Dec 31, 2024 • Filed on Aug 25, 2025

7531 Tuckaseegee RoadCharlotte, NC 28214

(704) 904-8715

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.35x

Higher debt load relative to assets than 72% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.89x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$30,000

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

27th percentile

-2.0%

Faster asset growth than 27% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.7%

Faster revenue growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,398,033

Down $132,789 (-2.0%) from 2023

Net Assets

Up

$4,132,593

Up $132,323 (+3.3%) from 2023

Liabilities

Down

$2,265,440

Down $265,112 (-10%) from 2023

Revenue

Up

$1,198,252

Up $53,888 (+4.7%) from 2023

Expenses

Up

$1,065,929

Up $141,983 (+15%) from 2023

Net Income

Down

$132,323

Down $88,095 (-40%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $582,715Liabilities 2018: $0Net Assets 2018: $582,7152018Assets 2019: $4,074,865Liabilities 2019: $1,643,929Net Assets 2019: $2,430,9362019Assets 2020: $5,007,868Liabilities 2020: $2,031,488Net Assets 2020: $2,976,3802020Assets 2021: $5,600,052Liabilities 2021: $2,010,954Net Assets 2021: $3,589,0982021Assets 2022: $5,718,511Liabilities 2022: $1,938,659Net Assets 2022: $3,779,8522022Assets 2023: $6,530,822Liabilities 2023: $2,530,552Net Assets 2023: $4,000,2702023Assets 2024: $6,398,033Liabilities 2024: $2,265,440Net Assets 2024: $4,132,5932024Assets 2025: $6,772,766Liabilities 2025: $2,190,447Net Assets 2025: $4,582,3192025

Highlighted filing

2024

Assets$6,398,033
Liabilities$2,265,440
Net Assets$4,132,593

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2018: $141,100Expenses 2018: $385Net Income 2018: $140,7152018Revenue 2019: $367,717Expenses 2019: $1,936,802Net Income 2019: -$1,569,0852019Revenue 2020: $745,289Expenses 2020: $236,932Net Income 2020: $508,3572020Revenue 2021: $1,057,411Expenses 2021: $444,693Net Income 2021: $612,7182021Revenue 2022: $870,455Expenses 2022: $708,788Net Income 2022: $161,6672022Revenue 2023: $1,144,364Expenses 2023: $923,946Net Income 2023: $220,4182023Revenue 2024: $1,198,252Expenses 2024: $1,065,929Net Income 2024: $132,3232024Revenue 2025: $998,496Expenses 2025: $548,770Net Income 2025: $449,7262025

Highlighted filing

2024

Revenue$1,198,252
Expenses$1,065,929
Net Income$132,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 25, 2025
Return Version
2024v5.0
Gross Receipts
$1,198,252
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,531,643$6,123,765▲ $592,122
Cash and Non-Interest-Bearing Accounts$179,395$124,549▼ $54,846
Pledges and Grants Receivable$660,000$96,667▼ $563,333
Inventories for Sale or Use$159,784$53,052▼ $106,732
Total Assets$6,530,822$6,398,033▼ $132,789
Liabilities
Deferred Revenue$1,837,517$1,637,517▼ $200,000
Mortgage Notes Payable Secured by Investment Property$645,392$626,040▼ $19,352
Accounts Payable and Accrued Expenses$47,643$1,883▼ $45,760
Total Liabilities$2,530,552$2,265,440▼ $265,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,000,270$4,132,593▲ $132,323
Total Net Assets Fund Balance$4,000,270$4,132,593▲ $132,323
Total Liabilities and Net Assets / Fund Balance$6,530,822$6,398,033▼ $132,789

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,667,304$1,223,071$6,890,375
Land$443,000-$443,000
Equipment$13,461$27,793$41,254
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff SchaefferOfficerPT$30,000$30,000
Morris MaddenSecretaryPT$30,000$30,000

Board Members and Trustees

NameTitle
Harold GrierBoard Member
Harold LloydBoard Member
Jeff BoseBoard Member
Patrick BakerBoard Member
Tashia CoeExecutive Co
Tj LewisExecutive Co
Alan BarnesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$626,955
Program Service Revenue
$538,015
Investment Income
$23
Other Revenue
$33,259
All Other Contributions
$610,707
Change in Net Assets
$132,323

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,198,252
Total Revenue per Audited Statements
$1,198,252
Total Revenue per Form 990
$1,198,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$690,201
Salaries, Compensation, and Employee Benefits$375,728
Total Fundraising Expense$42,703
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$312,929--$312,929
Other Salaries and Wages$268,566$34,492$9,000$312,058
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Interest$45,111--$45,111
Advertising--$33,703$33,703
Information Technology-$32,990-$32,990
Insurance$20,587--$20,587
Other Expenses$18,223--$18,223
All Other Expenses$8,071$8,779-$16,850
Fees for Services Accounting-$13,740-$13,740
Payroll Taxes$3,670--$3,670
Office Expenses-$664-$664
Total Functional Expenses$932,561$90,665$42,703$1,065,929

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,065,929
Total Expenses per Audited Statements$1,065,929
Total Expenses per Form 990$1,065,929
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the treasurer and board before filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Knothole Foundation
EIN
82-4726399
Phone
7049048715
Address
7531 TUCKASEEGEE ROAD, CHARLOTTE, NC 28214

Signing Officer

Name
Alan Barnes
Title
Treasurer
Phone
7049048715
Signed
2025-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Barnes
Formed
2018
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
8

Preparer

Firm
DAVIES GOLDSTEIN & ASSOCIATES CPA'S
Address
PO BOX 156, MATTHEWS, NC 28106
Preparer
Jeffrey I Goldstein
Phone
7046840555
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAMMING 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.
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01574532
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt017500
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01223071
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IRS990ScheduleD/EquipmentGrp/BookValueAmt013461
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027793
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0443000
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt06123765
IRS990ScheduleD/TotalExpensesPerForm990Amt01065929
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE TREASURER AND BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0U DESERVE A CHANCE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CAROLINAS METRO INC
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IRS990/TotalContributionsAmt0626955
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04000270

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