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Nonprofiteer
← CHARLOTTE HORNETS FOUNDATION INC

Form 990 for tax year 2023

Filed by CHARLOTTE HORNETS FOUNDATION INC.

Totals

Total revenue
$655,249
Total expenses
$1,266,658
Contributions and grants received
$857,309
Grants paid
$1,256,187
Program service revenue
$0
Investment income
$75,561
Other revenue
-$277,621
Total assets, end of year
$1,592,532
Total liabilities, end of year
$610,504
Net assets or fund balances, end of year
$982,028
Program services expenses (Part IX)
$1,256,187
Management and general expenses
$7,461
Fundraising expenses
$3,010
Program service expenses (Part III)
$1,256,187

Program services were 99.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL JORDAN

    DIRECTOR, CHAIRMAN (THRU 10/23)

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • FRED WHITFIELD

    DIR., VICE CHAIRMAN (THRU 10/23)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • RICK SCHNALL

    DIR., CO-CHAIRPERSON (AS OF 10/23)

    Total calculated
    $0
    Hours/week
    1

  • GABE PLOTKIN

    DIR., CO-CHAIRPERSON (AS OF 10/23)

    Total calculated
    $0
    Hours/week
    1

  • JAMES JORDAN

    DIRECTOR, PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • JAMES H DUNLEVY

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • AMY DAWSON

    DIRECTOR (AS OF 10/23)

    Total calculated
    $0
    Hours/week
    1

  • DAMIAN MILLS

    DIRECTOR (AS OF 10/23)

    Total calculated
    $0
    Hours/week
    1

  • MC BELK PILON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETSY MACK

    EXECUTIVE DIRECTOR

    Total calculated
    $203,755
    From this org
    $0
    From related orgs
    $192,227
    Other
    $11,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $161,391 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $836 related
    Deferred
    $0 + $4,533 related
    Nontaxable benefits
    $0 + $6,995 related
    Filer's total
    $0 + $203,755 related

  • SHANNON GILLIGAN

    SECRETARY (AS OF 10/23)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202522259349300142

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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