Overview
What is Knothole Foundation Knothole Foundation?
The Knothole Foundation, situated in Charlotte, North Carolina, is a nonprofit organization dedicated to serving underprivileged communities by promoting baseball and creating life prospects for underserved youth. Previously focusing on capital investments and facility development, the organization shifted its focus to operations in 2022, emphasizing ongoing maintenance and support for teams, camps, clinics, events, and community outreach. By doing so, they have solidified their ability to fully serve the community and fulfill their mission of increasing diversity and access to youth baseball, offering additional educational and life skills support.
Official website here: www.knotholecarolinas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Knothole Foundation has received a solid score of 88%, reflecting a strong performance in Accountability & Finance, which is crucial for donor trust. The organization boasts a fully independent board and has a commendable program expense ratio of 88.12%, indicating that a significant portion of its funds is allocated towards its mission-related activities.
While the foundation excels in various financial metrics, it does have some notable limitations. Specifically, it lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for governance and transparency. Despite these gaps, the foundation maintains good financial health with a low liabilities to assets ratio. Overall, it shows commitment to financial accountability, but there is room for improvement in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Knothole Foundation Knothole Foundation legitimate?
Knothole Foundation Knothole Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knothole Foundation Knothole Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.knotholecarolinas.org
What is the mission statement of Knothole Foundation Knothole Foundation?
The Knothole Foundation's mission is centered around promoting the sport of baseball in underserved communities and creating opportunities for underprivileged youth. They achieve this by providing access to necessary facilities, education, health and wellness protocols. The foundation has shifted its focus from capital investments to operations, emphasizing support for teams, camps, clinics, events, and community outreach. This shift aims to serve the community fully, increasing diversity and accessibility in youth baseball, offering team sports and wrap-around support for education and life skills to youth aged 4-18.
Official website here: www.knotholecarolinas.org
Who is the CEO of Knothole Foundation Knothole Foundation?
Alan Barnes is the Secretary of Knothole Foundation Knothole Foundation.
Official website here: www.knotholecarolinas.org
What is the revenue of Knothole Foundation Knothole Foundation?
Knothole Foundation Knothole Foundation's revenue in 2022 was $870,455.
Official website here: www.knotholecarolinas.org
Who are the executives of Knothole Foundation Knothole Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $40,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.knotholecarolinas.org
Where can I find the form 990 for Knothole Foundation Knothole Foundation?
Knothole Foundation Knothole Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.knotholecarolinas.org
Learn more at the official website: www.knotholecarolinas.org
Mission Statement of Knothole Foundation Knothole Foundation
Knothole Foundation, a nonprofit organization, is committed to promoting the sport of baseball in underserved communities and creating life opportunities for underprivileged youth. This is achieved by providing access to necessary facilities, education, health and wellness protocols. By focusing on these areas, Knothole Foundation aims to make a significant impact in the lives of youth aged between 4 and 18, offering them the benefits of team sports and wrap-around support for their education and life skills development. The organization's dedication to its mission has led to a shift in its focus from capital investments to operations, ensuring that it can fully serve the community and contribute to increasing diversity and access for youth baseball.
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Impact
July, 2024
Knothole Foundation Knothole Foundation's impact is felt through its dedication to promoting baseball in underserved communities and providing life opportunities for youth. By focusing on access to facilities, education, health, and wellness protocols, the foundation has facilitated the development of teams, camps, clinics, events, and community outreach programs. Through these efforts, Knothole Foundation is increasing diversity and access to youth baseball, offering children aged 4-18 the benefits of team sports while also providing support for education and life skills.
This information is meant to be a general summary of Knothole Foundation Knothole Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $226,349
- Gross Receipts: $870,455
Assets and Liabilities:
- Total Assets: $5,718,511
- Total Liabilities: $1,938,659
- Net Assets: $3,779,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIELD AND FACILITY FEES
Revenue
$196,022
CONCESSION INCOME
Revenue
$15,327
SPONSORSHIP INCOME
Revenue
$15,000
Organization Details
Founding Year
2018
Phone
(704) 904-8715Principal Officer
Alan Barnes
Main Address
7531 TUCKASEEGEE ROAD, CHARLOTTE, NC, 28214
Website
www.knotholecarolinas.orgNTEE Category
Code: N63 - Recreation
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