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EIN 56-1954114

John M Belk Endowment (JMBE)

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Charlotte
State
North Carolina
Year formed
1996
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
John M Belk Endowment's goal is to empower today's workforce by creating pathways to and through postsecondary education for underrepresented students in North Carolina.
Also known as...
John M Belk Educational Endowment
Total revenues
$11,349,973
2022
Total expenses
$25,024,843
2022
Total assets
$383,291,233
2022
Num. employees
7
2022

Program areas at JMBE

During 2022, the John M. Belk Endowment joined other organizations in leading the "nc reconnect" effort focused on engaging adults in north carolina who have not completed a post-secondary credential and connecting them to educational pathways at their local community college that lead to improved career opportunities. In addition to making grants to the community colleges in the first cohort, the Endowment paid for communications and marketing services essential to the initiative's success.

Grants made by JMBE

GranteeGrant descriptionAmount
Foundation for the CarolinasGeneral Operating Support$2,800,000
National College Advising CorpsGeneral Operating Support$2,144,509
Foundation for the CarolinasGeneral Operating Support$1,600,000
...and 12 more grants made

Personnel at JMBE

NameTitleCompensation
J. Keith BenedictChief Executive Officer Chief Executive Officer$340,640
Chuck KaylorChief of Staff
Mark E. ReedManaging Director$364,335
Virginia M McIlwainDirector Strategic I / Director STRGC Initiat$116,174
Charles W KaylorPast Chief of Staff$167,000
...and 5 more key personnel

Financials for JMBE

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$4,631,277
Net rental income$0
Net gain from sale of non-inventory assets$5,270,027
Gross sales of inventory$0
Miscellaneous revenues$1,448,669
Total revenues$11,349,973

Form 990s for JMBE

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-05990PFView PDF
2019-122021-06-10990PFView PDF
2018-122020-01-14990PFView PDF
...and 10 more Form 990s
Data update history
January 3, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 2, 2024
Updated personnel
Identified 1 new personnel
December 25, 2023
Used new vendors
Identified 2 new vendors, including , and
August 6, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 15, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
4201 Congress St 470
Charlotte, NC 28209
Metro area
Charlotte-Concord-Gastonia, NC-SC
Website URL
jmbendowment.org/ 
Phone
(704) 943-4173
IRS details
EIN
56-1954114
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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