Civic Intelligence

Knothole Foundation Knothole Foundation

990 • Fiscal year 2022 • EIN 82-4726399

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 31, 2023

Organization ProfileWWW.KNOTHOLECAROLINAS.ORG
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

71st percentile

0.34x

Higher debt load relative to assets than 71% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

2.23x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

25th percentile

$40,000

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

54th percentile

2.1%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-18%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$5,718,511

Up $118,459 (+2.1%) from 2021

Net Assets

Up

$3,779,852

Up $190,754 (+5.3%) from 2021

Liabilities

Down

$1,938,659

Down $72,295 (-3.6%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin69th percentile

Revenue

Down

$870,455

Down $186,956 (-18%) from 2021

Expenses

Up

$708,788

Up $264,095 (+59%) from 2021

Net Income

Down

$161,667

Down $451,051 (-74%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

2022

Assets$5,718,511
Liabilities$1,938,659
Net Assets$3,779,852
Open 2022 Filing

Operations Trend

Revenue Growth20th percentile

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

2022

Revenue$870,455
Expenses$708,788
Net Income$161,667
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 31, 2023
Return Version
2022v5.0
Gross Receipts
$870,455
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$5,033,849$5,417,233▲ $383,384
Pledges and Grants Receivable$459,500$160,000▼ $299,500
Cash and Non-Interest-Bearing Accounts$128,155$138,278▲ $10,123
Prepaid Expenses and Deferred Charges$4,095--
Inventories for Sale or Use$3,000$3,000→ $0
Total Assets$5,628,599$5,718,511▲ $89,912
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,010,414$1,938,659▼ $71,755
Total Liabilities$2,010,414$1,938,659▼ $71,755
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,618,185$3,779,852▲ $161,667
Total Net Assets Fund Balance$3,618,185$3,779,852▲ $161,667
Total Liabilities and Net Assets / Fund Balance$5,628,599$5,718,511▲ $89,912

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,958,033$660,088$5,618,121
Land$443,000-$443,000
Equipment$16,200$10,800$27,000
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Morris MaddenSecretaryPT$40,000$40,000

Board Members and Trustees

NameTitle
Jeff SchaefferOfficer
Alan BarnesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$644,106
Program Service Revenue
$226,349
Investment Income
$0
Other Revenue
$0
All Other Contributions
$644,106
Change in Net Assets
$161,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$870,455
Total Revenue per Audited Statements
$870,455
Total Revenue per Form 990
$870,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$708,788
Total Fundraising Expense$82,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$252,378--$252,378
Advertising--$82,407$82,407
Interest$61,947--$61,947
Insurance$18,117--$18,117
Information Technology$8,089$6,619-$14,708
Other Expenses$2,230$22,588-$2,230
All Other Expenses$2,013--$2,013
Office Expenses-$1,150-$1,150
Total Functional Expenses$596,024$30,357$82,407$708,788

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$708,788
Total Expenses per Audited Statements$708,788
Total Expenses per Form 990$708,788
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
2023-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Barnes
Formed
2018
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
DAVIES GOLDSTEIN & ASSOCIATES CPA'S
Address
PO BOX 156, MATTHEWS, NC 28106
Preparer
Jeffrey I Goldstein
Phone
7046840555
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0596024
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN BARNES
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-31
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ReturnHeader/Filer/PhoneNum07049048715
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIES GOLDSTEIN & ASSOCIATES CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 156
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MATTHEWS
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ReturnHeader/PreparerPersonGrp/PhoneNum07046840555
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY I GOLDSTEIN
ReturnHeader/ReturnTs02023-04-18T12:58:23-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARNES
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,718,511
Liabilities
$1,938,659
Net assets
$3,779,852
Revenue
$870,455
Expenses
$708,788
Net income
$161,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.77$2.19$4.58$1.00$0.55$0.45
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$2.27$4.13$1.20$1.07$0.13
2023Detailed filing. Detailed filing data is available for this year.$6.53$2.53$4.00$1.14$0.92$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.72$1.94$3.78$0.87$0.71$0.16
2021Detailed filing. Detailed filing data is available for this year.$5.60$2.01$3.59$1.06$0.44$0.61
2020Detailed filing. Detailed filing data is available for this year.$5.01$2.03$2.98$0.75$0.24$0.51
2019Summary only. Only limited summary data is available for this year.$4.07$1.64$2.43$0.37$1.94$1.57
2018Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.14$0.00$0.14