Knothole Foundation Inc

Organization Overview

Knothole Foundation Inc is located in Charlotte, NC. The organization was established in 2018. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knothole 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 12/2022, Knothole Foundation Inc generated $870.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.6% each year . All expenses for the organization totaled $708.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SIGNIFICANT AMOUNT OF FUNDS DEVOTED TO CAPITAL THRU 2021 SHIFTED TO OPERATIONS IN 2022 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


PROGRAMMING CONTINUED TO SCALE SIGNIFICANTLY AS THE NUMBER OF YOUTH PLAYING AFFILIATED ON TEAMS INCREASED AS DID THE NUMBER OF YOUTH INTRODUCED TO BASEBALL (1,200), 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. 3RD ANNUAL HBCU CAMP/SHOWCASE; 1ST ANNUAL WESTSIDE STORY SPRING BREAK TOURNAMENT; BACK TO SCHOOL EVENT FOR OVER 1,000 STUDENTS ) . EDUCATION CONTINUED TO BE IMBEDDED IN THE FABRIC OF BASEBALL-THEMED ACTIVITIES (AS MEASURED BY BOOKS DISTRIBUTE; OF READING HOURS; % PLAYERS ENGAGED IN READING). AFFORDABLE ACCESS CONTINUED TO BE AN AREA OF FOCUS WITH OVER 90% OF COSTS SUBSIDIZED FOR PLAYER PARTICIPATION ON TEAMS AND COST PER PARTICIPANT HOUR DRIVEN LOWER.


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Board, Officers & Key Employees

Name (title)Compensation
Morris Madden
Secretary
$0
Alan Barnes
Treasurer
$0
Jeff Schaeffer
Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$644,106
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$644,106
Total Program Service Revenue$226,349
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $870,455

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Knothole Foundation Inc has recieved totaling $290,800.

Awarding OrganizationAmount
Bill And Sharon Allen Familyfoundation

Charlotte, NC

PURPOSE: PROMOTE BASEBALL IN UNDERSERVED COMMUNITIES

$100,000
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: CULTURE

$90,800
National Christian Charitable Foundation Inc

Fort Mill, SC

PURPOSE: FAMILY ADVOCATE

$40,000
Dunspaugh-Dalton Foundation Inc

Coral Gables, FL

PURPOSE: GENERAL SUPPORT

$30,000
Community Foundation Of Collier County

Naples, FL

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$30,000
View Grant Recipient Profile

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