2025-08-13T10:17:25-05:00 2024-09-30 991856619 GRANT THORNTON ADVISORS LLC 1415 VANTAGE PARK DRIVE SUITE 500 CHARLOTTE NC 28203 990 2023-10-01 200946449 CHARLOTTE HORNETS FOUNDATION INC CHAR 7046889000 333 EAST TRADE STREET CHARLOTTE NC 28202 JAMES H DUNLEVY TREASURER 7046889000 2025-08-12 1 1 MICHELE N MELCHIOR P00488037 7046323500 2023 2025-03-06 01:10:19Z JAMES H DUNLEVY CPA 333 EAST TRADE STREET CHARLOTTE NC 28202 1115654 0 X WWW.NBA.COM/HORNETS/FOUNDATION X 2004 NC THE FOUNDATION SUPPORTS THE ENRICHMENT OF THOSE IN NEED, ESPECIALLY (CONTINUED IN SCH O) CHILDREN, IN THE CHARLOTTE AREA THROUGH COMMUNITY OUTREACH AND SUPPORTING OTHER ORGS WITH SIMILAR GOALS. 6 0 0 40 0 0 1551076 857309 0 0 37596 75561 -242487 -277621 1346185 655249 387625 1256187 0 0 0 0 0 0 3010 11669 10471 399294 1266658 946891 -611409 1909998 1592532 316561 610504 1593437 982028 X 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. 0 0 1256187 1256187 0 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. GRANT MAKINGGRANT MAKING 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. 1256187 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X JAMES H DUNLEVY CPA 7046888933 333 EAST TRADE STREET CHARLOTTE NC 28202 X MICHAEL JORDAN DIRECTOR, CHAIRMAN (THRU 10/23) 1.00 18.00 X X 0 0 0 FRED WHITFIELD DIR., VICE CHAIRMAN (THRU 10/23) 1.00 39.00 X X 0 0 0 RICK SCHNALL DIR., CO-CHAIRPERSON (AS OF 10/23) 1.00 0.00 X X 0 0 0 GABE PLOTKIN DIR., CO-CHAIRPERSON (AS OF 10/23) 1.00 0.00 X X 0 0 0 JAMES JORDAN DIRECTOR, PRESIDENT 1.00 39.00 X X 0 0 0 JAMES H DUNLEVY DIRECTOR, TREASURER 2.00 38.00 X X 0 0 0 AMY DAWSON DIRECTOR (AS OF 10/23) 1.00 0.00 X 0 0 0 DAMIAN MILLS DIRECTOR (AS OF 10/23) 1.00 0.00 X 0 0 0 MC BELK PILON DIRECTOR 1.00 0.00 X 0 0 0 BETSY MACK EXECUTIVE DIRECTOR 40.00 0.00 X 0 192227 11528 SHANNON GILLIGAN SECRETARY (AS OF 10/23) 1.00 0.00 X 0 0 0 0 192227 11528 0 0 1 0 0 564750 292559 126534 857309 75561 75561 123591 564750 401212 -277621 -277621 59193 59193 0 655249 0 0 -202060 1246187 1246187 10000 10000 7461 7461 MISCELLANEOUS EXPENSE 3010 3010 1266658 1256187 7461 3010 1836818 1517207 73180 75325 1909998 1592532 50311 371904 266250 238600 316561 610504 X 0 0 0 0 1593437 982028 1593437 982028 1909998 1592532 -611409 0 X 0 0 0 X 514232 170906 595625 1551076 857309 3689148 514232 170906 595625 1551076 857309 3689148 413851 3275297 19463 9 0 37596 75561 132629 72019 3165 131954 216096 182784 606018 4427795 0.73970 0.74280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 19. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 44,590. 2022 AMOUNT: $ 38,106. 2023 AMOUNT: $ 59,193. EVENT REVENUE - 2019 AMOUNT: $ 72,000. 2020 AMOUNT: $ 3,165. 2021 AMOUNT: $ 87,364. 2022 AMOUNT: $ 177,990. 2023 AMOUNT: $ 123,591. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED MY HERO GALA 688341 564750 123591 102312 298900 688341 564750 123591 102312 298900 401212 -277621 1 CHARLOTTE MECKLENBURG SCHOOLS PO BOX 30035 CHARLOTTE NC 28230 200258541 501(C)(3) 500000 0 EDUCATION CHILDREN OF FALLEN PATRIOTS FOUNDATION 1818 LIBRARY STREET RESTON VA 20190 470902295 501(C)(3) 100000 0 MILLITARY LOCAL INITIATIVES SUPPORTS CORPORATION 28 LIBERTY STREET FLOOR 34 NEW YORK NY 10005 133030229 501(C)(3) 100000 0 HUNGER THE JOHN CROSLAND SCHOOL 5146 PARKWAY PLAZA BLVD CHARLOTTE NC 28217 561211583 501(C)(3) 100000 0 EDUCATION CARE RING 601 E FIFTH STREET SUITE 140 CHARLOTTE NC 28202 560621073 501(C)(3) 100000 0 WELLNESS ISRAEL RELIEF FRIENDS OF UNITED HATZALAH 442 FIFTH AVE 1866 NEW YORK NY 10018 113533002 501(C)(3) 100000 0 DISASTER FOUNDATION FOR THE CAROLINAS 2220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 501(C)(3) 50000 0 COMMUNITY DEVELOPMENT BOYS AND GIRLS CLUB OF CABARRUS COUNTY 247 SPRING ST NW CONCORD NC 28025 560577630 501(C)(3) 15247 0 CHILDERN MUGGSY BOGUES FOUNDATION PO BOX 1884 MATTHEWS NC 28106 462043035 501(C)(3) 15000 0 COMMUNITY DEVELOPMENT MAKE A WISH FOUNDATION 6324 FAIRVIEW RD 500 CHARLOTTE NC 28210 561492432 501(C)(3) 10000 0 CHILDREN JUNIOR ACHIEVEMENT 1701 N GRAHAM ST 100 CHARLOTTE NC 28206 560672085 501(C)(3) 10000 0 CHILDREN VETERANS BRIDGE HOME 5260 PARKWAY PLAZA SUITE 110 CHARLOTTE NC 28217 452350728 501(C)(3) 10000 0 MILLITARY SPEEDWAY CHILDREN'S CHARITY GALA 5555 CONCORD PARKWAY SOUTH 302 CONCORD NC 28027 561331429 501(C)(3) 10000 0 CHILDREN CHARLOTTE MECKLENBURG POLICE FOUNDATION PO BOX 32084 CHARLOTTE NC 28232 200422513 501(C)(3) 10000 0 MILITARY YMCA OF GREATER GREENSBORO TEEN ACHIEVERS 2630 E FLORIDA ST GREENSBORO NC 27401 562543243 501(C)(3) 10000 0 CHILDERN 14 0 EDUCATIONAL SCHOLARSHIPS 1 10000 PART I, LINE 2: THE FOUNDATION HAS VARIOUS PROCEDURES IN PLACE FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES. THESE PROCEDURES VARY DEPENDING ON THE ORGANIZATIONS. EXAMPLES OF HOW THE FOUNDATION MONITORS GRANTS INCLUDE BUT ARE NOT LIMITED TO: HAVING RECIPIENTS SIGN A LETTER OF UNDERSTANDING WITH RESPECT TO THE USE OF FUNDS, CONDUCTING FOLLOW-UP INTERVIEWS WITH THE PROGRAM DIRECTORS, AND REQUIRING VARIOUS GRANTEES TO PROVIDE THE FOUNDATION WITH REPORTS. THE FOUNDATION IDENTIFIES POTENTIAL SCHOLARSHIP CANDIDATES THROUGH ITS WORK WITH COMMUNITY ORGANIZATIONS. THE FOUNDATION MAINTAINS CONTINUOUS CONTACT WITH STUDENTS TO ENSURE ELIGIBILITY CRITERIA CONTINUE TO BE MET TO QUALIFY FOR FUNDING. 0 0 0 0 0 0 0 0 0 BETSY MACK EXECUTIVE DIRECTOR 0 161391 0 30000 0 836 0 4533 0 6995 0 203755 0 0 X AUCTION ITEMS 40 67341 FMV X SPORTS MEMORABILIA 40 59193 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE CO-CHAIRPERSONS, PRESIDENT, EXECUTIVE DIRECTOR, TREASURER AND CHAIRMAN ALL HAVE BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER COMPILES THE INFORMATION FOR THE TAX SERVICE PROVIDER, GRANT THORNTON ADVISORS LLC. GRANT THORNTON ADVISORS LLC, IN TURN, PREPARES THE RETURN AND REVIEWS IT WITH THE TREASURER. THE TREASURER TAKES THE RETURN TO THE FOUNDATION'S EXECUTIVE DIRECTOR AND PROVIDES THE NECESSARY EXPLANATIONS. THE EXECUTIVE DIRECTOR PERFORMS A HIGHLY DETAILED REVIEW AND COMPLETES HIS/HER UNDERSTANDING BY POSING FOLLOW-UP QUESTIONS TO THE TREASURER. ONCE EDITS HAVE BEEN MADE AND THE 990 HAS BEEN FINALIZED, THE EXECUTIVE DIRECTOR PRESENTS THE 990 TO THE BOARD OF DIRECTORS. THE 990 IS SUBMITTED TO THE IRS ONLY AFTER THE BOARD HAS APPROVED THE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CHARLOTTE HORNETS FOUNDATION, INC. HAS IMPLEMENTED A WRITTEN CONFLICT OF INTEREST POLICY. THE POLICY APPLIES TO ALL PERSONS IN A POSITION TO INFLUENCE THE AFFAIRS OF THE CORPORATION INCLUDING WITHOUT LIMITATION, OFFICERS, DIRECTORS, ANY PERSON DESCRIBED AS MANAGEMENT PERSONNEL, ANY PERSON WHO MAKES PURCHASING DECISIONS ON BEHALF OF THE CORPORATION AND ANY PERSON WHO HAS PROPRIETARY INFORMATION (EACH INTERESTED PERSON). IMMEDIATE FAMILY MEMBERS OF INTERESTED PERSONS AND ENTITIES IN WHICH ANY INTERESTED PERSON HAS A 30% OWNERSHIP INTEREST ALSO ARE COVERED BY THIS POLICY. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER AN INTERESTED PERSON DISCLOSES A FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON MUST LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. A CONFLICT OF INTEREST ALWAYS EXISTS WHEN A VOTING MEMBER RECEIVES COMPENSATION DIRECTLY FROM THE CORPORATION. IF IT IS DECIDED THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING. AFTER SUCH PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE THEN, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE (AT LEAST 3 COMPARABLE QUOTES, IF APPLICABLE), THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION. THE BOARD OR COMMITTEE MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS PROVIDED BY THE RELATED ORGANIZATION. SEE THE RESPONSE TO FORM 990, PART VII. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS (GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS) ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VII COMPENSATION THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF, AND HER COMPENSATION IS PROVIDED ENTIRELY BY, THE RELATED ORGANIZATION FOR SERVICES PROVIDED TO THIS ORGANIZATION. THESE SERVICES WERE DONATED TO THE FOUNDATION. HORNETS BASKETBALL HOLDINGS LLC 333 E TRADE STREET CHARLOTTE NC 28202 770605807 SUPPORT STAFF DE N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0