Belk Foundation
- Assets
- $49.5m
- Revenue
- $5.0m
- Investments
- $49.3m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/2009
- Data as of
- 05/2022
- EIN
- 27-0237197
Organization Overview
Belk Foundation is located in Charlotte, NC. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belk Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Belk Foundation generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $3.1m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Belk Foundation has awarded 183 individual grants totaling $11,573,172. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $128 |
| Dividends & Interest | $367,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,531,848 |
| Capital Gain Net Income | $6,496,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $121,236 |
| Total Revenue | $5,020,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $172,753 |
| Other employee salaries and wages | $88,727 |
| Pension plans, employee benefits | $25,512 |
| Interest | $0 |
| Taxes | $36,000 |
| Depreciation | $0 |
| Occupancy | $32,706 |
| Travel, conferences, and meetings | $12,267 |
| Printing and publications | $0 |
| Other expenses | $25,472 |
| Total operating and administrative expenses | $645,091 |
| Contributions, gifts, grants paid | $2,451,199 |
| Total expenses and disbursements | $3,096,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,098 |
| Savings and temporary cash investments | $84,913 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $49,277,559 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,450,570 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $37 |
| Total liabilities | $37 |
Grants Awarded
Over the last fiscal year, Belk Foundation has awarded $3,287,190 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: GENERAL OPERATING SUPPORT FOR READ CHARLOTTE, A COLLABORATIVE, COMMUNITY-WIDE MOVEMENT DEDICATED TO INCREASING THE % OF THIRD GRADERS READING ON GRADE LEVEL | $300,000 |
Raleigh, NC PURPOSE: PROGRAM SUPPORT FOR ADVANCING EDUCATIONAL OPPORTUNITY IN CHARLOTTE-MECKLENBURGS LOWEST-PERFORMING SCHOOLS THROUGH TEACHER RECRUITMENT, DEVELOPMENT, AND RETENTION | $220,564 |
Charlotte, NC PURPOSE: PROGRAM SUPPORT FOR TEACHER CANDIDATES TO TUTOR K-3RD GRADE CMS STUDENTS IN FOUNDATIONAL READING SKILLS WITH THE SOUND PARTNERS INTERVENTION | $138,240 |
Charlotte, NC PURPOSE: GENERAL OPERATING SUPPORT TO PROMOTE RETENTION OF MALE EDUCATORS OF COLOR IN NORTH CAROLINA THROUGH PROFESSIONAL DEVELOPMENT, LEADERSHIP AND MENTORSHIP MODELS | $124,834 |
PUBLIC SCHOOL FORUM PURPOSE: PROGRAM SUPPORT TO CREATE ACTIONABLE & SUSTAINABLE MODELS FOR RECRUITING AND RETAINING A DIVERSE TEACHER WORKFORCE | $107,927 |
Raleigh, NC PURPOSE: PROGRAM SUPPORT TO DELIVER TARGETED FLUENCY TUTORING TO CMS ELEMENTARY STUDENTS IN TITLE I SCHOOLS | $102,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Belk Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Randa Foundation New York, NY PURPOSE: CHARITABLE DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |