2026-06-26T09:36:13-05:00 2025-09-30 991856619 GRANT THORNTON ADVISORS LLC 1415 VANTAGE PARK DRIVE SUITE 500 CHARLOTTE NC 28203 990 2024-10-01 200946449 CHARLOTTE HORNETS FOUNDATION INC CHAR 7046889000 333 EAST TRADE STREET CHARLOTTE NC 28202 JAMES H DUNLEVY TREASURER 7046889000 2026-06-25 1 1 MICHELE N MELCHIOR P00488037 7046323500 2026-06-25 2024 2025-03-06 01:10:19Z JAMES H DUNLEVY CPA 333 EAST TRADE STREET CHARLOTTE NC 28202 2043241 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. 7 0 0 50 0 0 857309 1854455 0 0 75561 49521 -277621 -378657 655249 1525319 1256187 1672000 0 0 0 0 0 0 999 10471 11730 1266658 1683730 -611409 -158411 1592532 1259199 610504 435582 982028 823617 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 1672000 1672000 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. 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. 1672000 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 7 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X X JAMES H DUNLEVY CPA 7046888933 333 EAST TRADE STREET CHARLOTTE NC 28202 X RICK SCHNALL DIRECTOR, CO-CHAIRPERSON 1.00 0.00 X X 0 0 0 GABE PLOTKIN DIRECTOR, CO-CHAIRPERSON 1.00 0.00 X X 0 0 0 JAMES JORDAN DIRECTOR, PRESIDENT (THRU 12/24) 1.00 39.00 X X 0 0 0 SHELLY CAYETTE-WESTON DIRECTOR, PRESIDENT (AS OF 12/24) 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 1.00 0.00 X 0 0 0 DAMIAN MILLS DIRECTOR 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 198714 13512 SHANNON GILLIGAN SECRETARY 1.00 39.00 X 0 0 0 0 198714 13512 0 0 1 0 0 665450 25000 1164005 80000 1854455 49521 49521 93364 690450 507922 -414558 -414558 45901 10000 35901 35901 1525319 0 0 -329136 1597000 1597000 75000 75000 10731 10731 MISCELLANEOUS EXPENSE 999 999 1683730 1672000 10731 999 1517207 1185651 75325 73548 1592532 1259199 371904 110082 238600 325500 610504 435582 X 0 0 0 0 982028 823617 982028 823617 1592532 1259199 -158411 0 X 0 0 0 X 170906 595625 1551076 857309 1854455 5029371 170906 595625 1551076 857309 1854455 5029371 470769 4558602 9 0 37596 75561 49521 162687 3165 131954 216096 182784 139265 673264 5865322 0.77720 0.73970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 44,590. 2022 AMOUNT: $ 38,106. 2023 AMOUNT: $ 59,193. 2024 AMOUNT: $ 45,901. EVENT REVENUE - 2020 AMOUNT: $ 3,165. 2021 AMOUNT: $ 87,364. 2022 AMOUNT: $ 177,990. 2023 AMOUNT: $ 123,591. 2024 AMOUNT: $ 93,364. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED MY HERO GALA 783814 690450 93364 128399 379523 783814 690450 93364 128399 379523 507922 -414558 1 SECOND HARVEST FOOD BANK 500 SPRATT ST B CHARLOTTE NC 28206 561352593 501(C)(3) 0 500000 HUNGER AMERICAN RED CROSS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 0 500000 MEDICAL CARE SOLDIER'S ANGELS 2895 NE LOOP 410 SUITE 107 SAN ANTONIO TX 78218 200583415 501(C)(3) 0 100000 VETERANS RENAISSANCE WEST COMMUNITY INITIATIVE 3610 NOBLES AVE 199 CHARLOTTE NC 28208 271396021 501(C)(3) 0 100000 COMMUNITY GENERATION NATION 1200 19TH STREET NW 1110 WASHINGTON DC 20036 471073442 501(C)(3) 0 100000 COMMUNITY HOPE STREET FOOD BANK 4100 JOHNSTON OEHLER RD CHARLOTTE NC 28269 833577031 501(C)(3) 0 100000 HUNGER FOUNDATION FOR THE CAROLINAS 2220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 501(C)(3) 0 50000 COMMUNITY UNCF 1805 7TH STREET NW WASHINGTON DC 20001 131624241 501(C)(3) 0 25000 EDUCATION BOYS AND GIRLS CLUB OF CHARLOTTE 6205 CARNEGIE BLVD APT 613 CHARLOTTE NC 28211 334836658 501(C)(3) 0 25000 COMMUNITY SPEEDWAY CHILDREN'S CHARITIES 5555 CONCORD PARKWAY SOUTH 302 CONCORD NC 28027 561331429 501(C)(3) 0 12000 CHILDREN BIG BROTHERS BIG SISTERS 2502 N ROCKY POINT DRIVE SUITE 550 TAMPA FL 33607 562264009 501(C)(3) 0 10000 COMMUNITY JUNIOR ACHIEVEMENT ONE EDUCATION WAY COLORADO CO 80906 841223492 501(C)(3) 0 10000 COMMUNITY LEVINE CHILDREN'S HOSPITAL 1000 BLYTHE BLVD CHARLOTTE NC 28203 560749005 501(C)(3) 0 10000 HEALTHCARE LATIN AMERICANS WORKING PO BOX 78150 CHARLOTTE NC 28271 561781060 501(C)(3) 0 10000 COMMUNITY 14 0 EDUCATIONAL SCHOLARSHIPS 2 20000 0 GAME TICKETS TO UNDERSERVED YOUTH 1200 0 55000 FMV SEE PART IV 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. PART III - GAME TICKETS TO UNDERSERVED YOUTH THE FOUNDATION DONATED NBA BASKETBALL GAME TICKETS TO VARIOUS CHARITABLE ORGANIZATIONS IN THE COMMUNITY. THOSE CHARITIES USED THE TICKETS TO ALLOW UNDERSERVED YOUTH IN THE COMMUNITY TO ATTEND NBA BASKETBALL GAMES. 0 0 0 0 0 0 0 0 0 BETSY MACK EXECUTIVE DIRECTOR 0 167864 0 30000 0 850 0 4760 0 8752 0 212226 0 0 X GAME TICKETS 1200 55000 FMV X AUCTION ITEMS 125 15000 FMV X SPORTS MEMORABILIA 125 10000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE CO-CHAIRPERSONS, PRESIDENT, EXECUTIVE DIRECTOR, TREASURER AND SECRETARY 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