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Knights Basketball Academy Midwest

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Recreation, Sports, Leisure, Athletics / Basketball (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$963k (2023)

Expenses
$900k (2023)

Total Assets
$229k (2023)

Total Liabilities
$915 (2023)

Source: Form 990 tax filings from 2015 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$963,485
Expenses
$899,696
Net Income
$63,789
Net Assets
$228,542
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,868
7.8%
Program Services $769,630
79.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $34,155
3.5%
Net Fundraising $52,301
5.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,531
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $199,460
22.2%
Professional Fundraising Fees $0
Other Salaries and Wages $38,905
4.3%
Assets/Debt
Total Assets $229,457
Total Liabilities $915
Net Assets $228,542
Compensation
Key Employees and Officers Compensation Related Other
Dave Montandon (Vice President) $89,500 $0 $0
Dan Rolfes (President) $89,500 $0 $0
Kristopher Lovette (Director) $20,460 $0 $0
John Duff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$647,091
Expenses
$689,579
Net Income
-$42,488
Net Assets
$164,753
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,956
0.6%
Program Services $583,137
90.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $60,865
9.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$867
Notable Expenses Percent of Total Expenses
Executive Compensation $172,513
25.0%
Professional Fundraising Fees $0
Other Salaries and Wages $47,200
6.8%
Assets/Debt
Total Assets $165,520
Total Liabilities $767
Net Assets $164,753
Compensation
Key Employees and Officers Compensation Related Other
Dave Montandon (Vice President) $81,617 $0 $0
Dan Rolfes (President) $81,617 $0 $0
Kristopher Lovette (Director) $9,280 $0 $0
John Duff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$572,008
Expenses
$553,682
Net Income
$18,326
Net Assets
$207,241
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,978
10.0%
Program Services $446,684
78.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $70,580
12.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$2,234
Notable Expenses Percent of Total Expenses
Executive Compensation $207,680
37.5%
Professional Fundraising Fees $0
Other Salaries and Wages $44,630
8.1%
Assets/Debt
Total Assets $215,472
Total Liabilities $8,231
Net Assets $207,241
Compensation
Key Employees and Officers Compensation Related Other
Daniel Rolfes (President) $99,200 $0 $0
Dave Montandon (Vice President) $99,200 $0 $0
Kristopher Lovette (Director) $9,280 $0 $0
John Duff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$450,211
Expenses
$399,592
Net Income
$50,619
Net Assets
$193,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,485
9.0%
Program Services $339,129
75.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $69,977
15.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $620
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,480
40.2%
Professional Fundraising Fees $0
Other Salaries and Wages $39,060
9.8%
Assets/Debt
Total Assets $200,731
Total Liabilities $7,616
Net Assets $193,115
Compensation
Key Employees and Officers Compensation Related Other
Dave Montandon (Director) $79,200 $0 $0
Daniel Rolfes (Director) $72,000 $0 $0
Kristopher Lovette (Director) $9,280 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$476,305
Expenses
$440,301
Net Income
$36,004
Net Assets
$142,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,225
3.4%
Program Services $398,185
83.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $60,648
12.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,247
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $141,520
32.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $150,082
Total Liabilities $7,586
Net Assets $142,496
Compensation
Key Employees and Officers Compensation Related Other
Dave Montandon (Director) $67,200 $0 $0
Dan Rolfes (Director) $64,500 $0 $0
Kris Lovette (Director) $9,820 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$441,853
Expenses
$412,549
Net Income
$29,304
Net Assets
$106,492
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,196
0.5%
Program Services $362,286
82.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $77,371
17.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $128,958
31.3%
Professional Fundraising Fees $0
Other Salaries and Wages $17,675
4.3%
Assets/Debt
Total Assets $110,878
Total Liabilities $4,386
Net Assets $106,492
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dan Rolfes (Director) $69,458 $0 $0
Dave Montandon (Director) $49,500 $0 $0
Kris Lovette (Director) $10,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$350,549
Expenses
$320,332
Net Income
$30,217
Net Assets
$77,188
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,707
20.2%
Program Services $219,707
62.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $60,135
17.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $139,428
43.5%
Professional Fundraising Fees $0
Other Salaries and Wages $12,052
3.8%
Assets/Debt
Total Assets $81,496
Total Liabilities $4,308
Net Assets $77,188
Compensation
Key Employees and Officers Compensation Related Other
Dan Rolfes (Director) $82,338 $0 $0
Dave Montandon (Director) $38,812 $0 $0
Kris Lovette (Director) $18,278 $0 $0
John Duff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,399
Expenses
$251,268
Net Income
$8,131
Net Assets
$49,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,074
50.1%
Program Services $85,166
32.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $44,159
17.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,708
29.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $51,848
Total Liabilities $2,642
Net Assets $49,206
Compensation
Key Employees and Officers Compensation Related Other
Dan Rolfes (Director) $63,500 $0 $0
Dave Montandon (Director) $6,333 $0 $0
Kris Lovette (Director) $4,875 $0 $0
John Duff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$157,852
Expenses
$128,956
Net Income
$28,896
Net Assets
$41,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,178
19.8%
Program Services $34,331
21.7%
Investment Income $0
Net Fundraising $29,645
18.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $42,351
Total Liabilities $1,276
Net Assets $41,075
Compensation
Key Employees and Officers Compensation Other
Dan Rolfes (Director) $22,917 $0
Kris Lovette (Director) $0 $0
Dave Montandon (Director) $0 $0
John Duff (Director) $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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