John M Belk Endowment
Only null% goes to programs Strong reserves Declining revenue
John M Belk Endowment is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1996, with $39,544,209 in FY2024 revenue. CharityIndex grades it B.
4201 Congress St Ste 470, Charlotte, NC, 28209 EIN 56-1954114 Since 1996
Revenue (FY2024)
$39.5M
▲ 1450.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$23.1M
Net assets
$378.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for John M Belk Endowment— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating196 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For John M Belk Endowment: 196 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for John M Belk Endowment— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For John M Belk Endowment: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4201 Congress St Ste 470, Charlotte, NC, 28209
- City
- Charlotte
- State
- North Carolina
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $105.0M (FY2015) to $39.5M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $169KNet assets $378.8M
Operating margin
41.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$379.0M
Total liabilities
$169K
Net assets
$378.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $39,544,209▲1450% | $23,144,997▼1.2% | $378,804,582▲4.5% | $378,973,142▲4.6% | 990PF |
| 2023 | $2,550,432▼77.5% | $23,424,176▼6.4% | $362,389,015▼5.4% | $362,403,473▼5.4% | 990PF |
| 2022 | $11,349,973▼85.1% | $25,024,843▲5.9% | $383,262,759▼3.4% | $383,291,233▼3.4% | 990PF |
| 2021 | $76,034,654▲284% | $23,620,651▲14.1% | $396,937,629▲15.2% | $396,941,761▲15.2% | 990PF |
| 2020 | $19,824,991▼38.7% | $20,697,118▼4.1% | $344,523,626▼0.3% | $344,527,989▼0.3% | 990PF |
| 2019 | $32,362,353▲50.1% | $21,582,069▲33.2% | $345,395,753▲3.3% | $345,408,406▲3.3% | 990PF |
| 2018 | $21,554,431▲11.7% | $16,202,247▲154% | $334,512,734▲1.6% | $334,531,506▲1.6% | 990PF |
| 2017 | $19,294,374▲91.5% | $6,380,127▲9.3% | $329,160,550▲4.1% | $329,166,608▲4.1% | 990PF |
| 2016 | $10,077,004▼90.4% | $5,839,426▼84.9% | $316,246,303▲1.5% | $316,252,616▲1.5% | 990PF |
| 2015 | $104,981,363 | $38,648,881 | $311,462,869 | $311,469,145 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: J Keith Benedict — $308,458 (1.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| J Keith Benedict | Board Member | 24 | $308,458 |
| Mary Claudia Belk Pilon | Board Chair | 40 | $39,728 |
| Virginia M Esposito | Board Member | 1 | — |
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Frequently asked questions
- Is John M Belk Endowment a legitimate nonprofit?
- Yes. John M Belk Endowment is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1954114, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is John M Belk Endowment's EIN?
- John M Belk Endowment's Employer Identification Number (EIN) is 56-1954114.
- How much revenue does John M Belk Endowment report?
- John M Belk Endowment reported $39,544,209 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does John M Belk Endowment have?
- CharityIndex grades John M Belk Endowment B, based on financial health (reserves and operating margin).
- How much does John M Belk Endowment's highest-paid employee make?
- The highest reported compensation on John M Belk Endowment's latest Form 990 is $308,458, paid to J Keith Benedict (Board Member).
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Data for John M Belk Endowment (EIN 56-1954114) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.