Skip to content
Nonprofiteer
← KNOTHOLE FOUNDATION INC

Form 990 for tax year 2022

Filed by KNOTHOLE FOUNDATION INC.

Totals

Total revenue
$870,455
Total expenses
$708,788
Contributions and grants received
$644,106
Grants paid
$0
Program service revenue
$226,349
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,718,511
Total liabilities, end of year
$1,938,659
Net assets or fund balances, end of year
$3,779,852
Program services expenses (Part IX)
$596,024
Management and general expenses
$30,357
Fundraising expenses
$82,407
Program service expenses (Part III)
$596,024

Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $644,106

  • 2a · Program service revenue: FIELD AND FACILITY FEES

    total $196,022 · related or exempt $196,022

  • 2b · Program service revenue: CONCESSION INCOME

    total $15,327 · related or exempt $15,327

  • 2c · Program service revenue: SPONSORSHIP INCOME

    total $15,000 · related or exempt $15,000

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $82,407 · fundraising $82,407

  • 13 · Office expenses

    total $1,150 · management and general $1,150

  • 14 · Information technology

    total $14,708 · program services $8,089 · management and general $6,619

  • 20 · Interest

    total $61,947 · program services $61,947

  • 22 · Depreciation, depletion and amortization

    total $252,378 · program services $252,378

  • 23 · Insurance

    total $18,117 · program services $18,117

  • 24a · Other expenses: MAINTENANCE & UTILITIES

    total $230,701 · program services $230,701

  • 24b · Other expenses: MISCELLANEOUS

    total $25,483 · program services $2,895 · management and general $22,588

  • 24c · Other expenses: CONCESSION STAND EXPENSES

    total $17,654 · program services $17,654

  • 24d · Other expenses: TOURNAMENT EXPENSES

    total $2,230 · program services $2,230

  • 24e · All other expenses

    total $2,013 · program services $2,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,155 · end of year $138,278

  • 3 · Pledges and grants receivable

    beginning of year $459,500 · end of year $160,000

  • 8 · Inventories for sale or use

    beginning of year $3,000 · end of year $3,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,095

  • 10a · Land, buildings and equipment: cost or other basis

    $6,088,121

  • 10b · Land, buildings and equipment: accumulated depreciation

    $670,888

  • 10c · Land, buildings and equipment, net

    beginning of year $5,033,849 · end of year $5,417,233

  • 23 · Secured mortgages and notes payable

    beginning of year $2,010,414 · end of year $1,938,659

  • 27 · Net assets without donor restrictions

    beginning of year $3,618,185 · end of year $3,779,852

Mission and programs · 2022

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.

  • 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

    Expenses $298,012

  • 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.

    Expenses $298,012

As filed on the 2022 return.

Listed in Part VII

  • Morris Madden

    SECRETARY

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    15 + 35 related

  • Alan Barnes

    TREASURER

    Total calculated
    $0
    Hours/week
    20 + 10 related

  • Jeff Schaeffer

    OFFICER

    Total calculated
    $0
    Hours/week
    20 + 10 related

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
31 March 2023
IRS schema version
2022v5.0
Source object
202331089349301943

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

The source document this was parsed from is served over the API, which is where bulk and document access live.