Nonprofit · EIN 56-1954114
JOHN M BELK ENDOWMENT
Tax-exempt · CHARLOTTE, NC 28209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $39,544,209 | $23,144,997 | $16,399,212 | $378,973,142 | $168,560 | $378,804,582 |
| December 31, 2023 | 990-PF | $2,550,432 | $23,424,176 | -$20,873,744 | $362,403,473 | $14,458 | $362,389,015 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $5,041,202
- Interest
- $24,061
- Net gain from sales of assets
- $32,732,184
- Other income
- $1,746,762
Expenses
- Grants and similar amounts paid
- $14,691,485
- Compensation of officers, directors and key employees
- $39,728
- Salaries, compensation and benefits (total)
- $1,229,709
- Disbursements for charitable purposes
- $18,721,864
- Excise tax on investment income
- $501,303
Balance sheet and other
- Total assets, start of year
- $362,403,473
- Total assets, end of year
- $378,973,142
- Total liabilities, end of year
- $168,560
- Net assets, end of year
- $378,804,582
- Fair market value of assets
- $415,770,924
- Qualifying distributions
- $18,721,864
- Net investment income
- $40,122,037
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael Thomas Krause 4201 Congress Street, Charlotte, NC 28209 | Senior Advisor Highest-paid employee | 40 | $431,025 | $13,800 |
| Mark Earl Reed 4201 Congress Street, Charlotte, NC 28209 | Managing Director Highest-paid employee | 40 | $380,421 | $11,130 |
| J Keith Benedict 4201 Congress Street, Charlotte, NC 28209 | Board Member | 24 | $308,458 | $0 |
| Charles W Kaylor 4201 Congress Street, Charlotte, NC 28209 | Chief of Staff Highest-paid employee | 40 | $261,250 | $10,430 |
| Calvin Dwight Miller 4201 Congress Street, Charlotte, NC 28209 | Impact Officer Highest-paid employee | 40 | $92,442 | $3,698 |
| Mary Claudia Belk Pilon 4201 Congress Street, Charlotte, NC 28209 | Board Chair | 40 | $39,728 | $0 |
| Virginia M Esposito 4201 Congress Street, Charlotte, NC 28209 | Board Member | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael Thomas Krause 4201 Congress Street, Charlotte, NC 28209 | Senior Advisor Highest-paid employee | 40 | $400,500 | $13,200 |
| J Keith Benedict 4201 Congress Street, Charlotte, NC 28209 | Board Member | 24 | $398,160 | $0 |
| Mark Earl Reed 4201 Congress Street, Charlotte, NC 28209 | Managing Director Highest-paid employee | 40 | $364,390 | $12,720 |
| Charles W Kaylor 4201 Congress Street, Charlotte, NC 28209 | Chief of Staff Highest-paid employee | 40 | $208,763 | $8,350 |
| Michelle M Sorrells 4201 Congress Street, Charlotte, NC 28209 | Impact Officer Highest-paid employee | 40 | $103,774 | $4,146 |
| Calvin Dwight Miller 4201 Congress Street, Charlotte, NC 28209 | Impact Officer Highest-paid employee | 40 | $84,270 | $3,371 |
| Mary Claudia Belk Pilon 4201 Congress Street, Charlotte, NC 28209 | Board Chair | 40 | $35,568 | $0 |
| Virginia M Esposito 4201 Congress Street, Charlotte, NC 28209 | Board Member | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4201 CONGRESS ST STE 470, CHARLOTTE, NC 28209-4682
- Signed the 990-PF
- Mary Claudia Belk Pilon, Board Chair & Pres.
- Phone
- (980) 381-4122
- Website
- WWW.JMBENDOWNMENT.ORG
- Return prepared by
- Blazek & Vetterling
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-1954114
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $378,973,142
- Income (IRS master file)
- $115,265,316
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $39,544,209 | $23,144,997 | $378,973,142 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,550,432 | $23,424,176 | $362,403,473 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
| 990-PF | December 2016 | – | – | – | 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 56-1954114).
Questions about JOHN M BELK ENDOWMENT
- What is the EIN of JOHN M BELK ENDOWMENT?
- The employer identification number (EIN) of JOHN M BELK ENDOWMENT is 56-1954114.
- Is JOHN M BELK ENDOWMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to JOHN M BELK ENDOWMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN M BELK ENDOWMENT file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN M BELK ENDOWMENT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOHN M BELK ENDOWMENT last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of JOHN M BELK ENDOWMENT?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 6 received compensation from the organization, the highest $431,025 (Michael Thomas Krause, Senior Advisor).
- How much revenue does JOHN M BELK ENDOWMENT have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $39,544,209, expenses of $23,144,997 and total assets of $378,973,142 at year end.
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