Nonprofit · EIN 20-0946449
CHARLOTTE HORNETS FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,525,319 | $1,683,730 | -$158,411 | $1,259,199 | $435,582 | $823,617 |
| September 30, 2024 | 990 | $655,249 | $1,266,658 | -$611,409 | $1,592,532 | $610,504 | $982,028 |
| September 30, 2023 | 990 | $1,346,185 | $399,294 | $946,891 | $1,909,998 | $316,561 | $1,593,437 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,854,455
- Program service revenue
- $0
- Investment income
- $49,521
- Net income from fundraising events
- -$414,558
- Net income from sales of inventory
- $35,901
- Other revenue
- -$378,657
Expenses
- Grants and similar amounts paid
- $1,672,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,672,000
- Management and general (functional)
- $10,731
- Fundraising (functional)
- $999
Balance sheet and other
- Total assets, start of year
- $1,592,532
- Total assets, end of year
- $1,259,199
- Total liabilities, end of year
- $435,582
- Net assets, end of year
- $823,617
- Gross receipts
- $2,043,241
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2004
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETSY MACK | EXECUTIVE DIRECTOR Officer | 40 | $0 | $198,714 | $13,512 |
| RICK SCHNALL | DIRECTOR, CO-CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GABE PLOTKIN | DIRECTOR, CO-CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES JORDAN | DIRECTOR, PRESIDENT (THRU 12/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELLY CAYETTE-WESTON | DIRECTOR, PRESIDENT (AS OF 12/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES H DUNLEVY | DIRECTOR, TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| AMY DAWSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAMIAN MILLS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MC BELK PILON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHANNON GILLIGAN | SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETSY MACK | EXECUTIVE DIRECTOR Officer | 40 | $0 | $192,227 | $11,528 |
| MICHAEL JORDAN | DIRECTOR, CHAIRMAN (THRU 10/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED WHITFIELD | DIR., VICE CHAIRMAN (THRU 10/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK SCHNALL | DIR., CO-CHAIRPERSON (AS OF 10/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GABE PLOTKIN | DIR., CO-CHAIRPERSON (AS OF 10/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES JORDAN | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES H DUNLEVY | DIRECTOR, TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| AMY DAWSON | DIRECTOR (AS OF 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| DAMIAN MILLS | DIRECTOR (AS OF 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| MC BELK PILON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHANNON GILLIGAN | SECRETARY (AS OF 10/23) Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETSY MACK | EXECUTIVE DIRECTOR Officer | 40 | $0 | $178,157 | $10,867 |
| MICHAEL JORDAN | DIRECTOR, CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED WHITFIELD | DIRECTOR, VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES JORDAN | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES H DUNLEVY | DIRECTOR, TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 E TRADE ST, CHARLOTTE, NC 28202-2425
- In care of
- % JAMES H DUNLEVY CPA
- Principal officer (990 for 2024)
- JAMES H DUNLEVY CPA, 333 EAST TRADE STREET, CHARLOTTE, NC 28202
- Signed the 990
- JAMES H DUNLEVY, TREASURER
- Phone
- (704) 688-9000
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
THROUGH THE INVESTMENT OF TIME, TALENTS, AND TREASURE, THE CHARLOTTE HORNETS FOUNDATION WILL SUPPORT, PROMOTE, AND ENHANCE IMPORTANT COMMUNITY EFFORTS THAT ENRICH THE QUALITY OF LIFE FOR THOSE IN NEED, ESPECIALLY CHILDREN AND YOUTH (CONTINUED IN SCH O)IN THE CHARLOTTE AREA. THE FOUNDATION WILL SUPPORT ELIGIBLE 501(C)(3) ORGANIZATIONS THAT DELIVER PROGRAMS THAT IMPACT LITERACY AND EDUCATION, THE MILITARY, FITNESS AND WELLNESS, AND HUNGER, AND RUN PROGRAMS THAT HAVE THE SAME AIM.
Program accomplishments
- GENERALLY, THE FOUNDATION USED ITS RELATIONSHIP WITH THE PLAYERS, COACHES, AND MANAGEMENT OF THE CHARLOTTE HORNETS NBA TEAM AS A PLATFORM TO RAISE FUNDS AND DRIVE AWARENESS ABOUT THE IMPORTANCE OF EDUCATION, HEALTH AND FITNESS, MILITARY CARE AND HUNGER. GRANTMAKINGGRANTMAKING WAS THE FOUNDATION'S WAY OF DEMONSTRATING AND DISPLAYING THE FOUNDATION'S COMMITMENT TO THE PRIORITIES OF THE ORGANIZATION AND COMMUNITY IT SERVES. THE FOUNDATION USES ITS COMMUNITY CONTACTS TO IDENTIFY PROGRAMS THAT HAVE THE LARGEST IMPACT TO THE FOUNDATION'S MISSION. GRANTS TO THE FOUNDATION FOR THE CAROLINAS, THE MILITARY'S INDEPENDENCE FUND, THE ANGELS AND SPARROWS' (CONTINUED IN SCH O)FOOD ASSISTANCE PROGRAM, THE NEST ACADEMY, AND THE YMCA.Expenses $1,672,000 · grants $1,672,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 20-0946449
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $1,259,199
- Income (IRS master file)
- $2,043,241
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,525,319 | $1,683,730 | $1,259,199 | XML |
| 990 | September 2024 | $655,249 | $1,266,658 | $1,592,532 | XML |
| 990 | September 2023 | $1,346,185 | $399,294 | $1,909,998 | XML |
| 990 | September 2022 | $410,729 | $276,833 | $931,076 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0946449).
Questions about CHARLOTTE HORNETS FOUNDATION INC
- What is the EIN of CHARLOTTE HORNETS FOUNDATION INC?
- The employer identification number (EIN) of CHARLOTTE HORNETS FOUNDATION INC is 20-0946449.
- Is CHARLOTTE HORNETS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to CHARLOTTE HORNETS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLOTTE HORNETS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHARLOTTE HORNETS FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLOTTE HORNETS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CHARLOTTE HORNETS FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names JAMES H DUNLEVY CPA.
- Who are the officers and directors of CHARLOTTE HORNETS FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does CHARLOTTE HORNETS FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,525,319, expenses of $1,683,730 and total assets of $1,259,199 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Philanthropy, voluntarism and grantmaking foundations