JOHN M BELK ENDOWMENT: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- JOHN M BELK ENDOWMENT (EIN 56-1954114)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202513189349105346
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers Frm Controlled Entities
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T22:03:52-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760269860 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77027 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561954114 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John M Belk Endowment | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 9803814122 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4201 Congress Street 470 | AddressLine1Txt |
| City | Charlotte | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28209 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mary Claudia Belk Pilon | PersonNm |
| Person Title | Board Chair & Pres. | PersonTitleTxt |
| Phone | 9803814122 | PhoneNum |
| Signature | 2025-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kurt Coburn | PreparerPersonNm |
| PTIN | P01638285 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Preparation | 2025-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $415,770,924 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $24,061 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24,061 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $5,041,202 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,041,202 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $32,732,184 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $108,453,291 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $32,765,744 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,746,762 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,291,030 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $39,544,209 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $40,122,037 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $39,728 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $39,728 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,229,709 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,229,709 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $220,743 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $220,743 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $39,800 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $23,928 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $15,872 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,875 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,437 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,438 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $3,173,201 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,315,983 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,857,218 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $13,320 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $13,320 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $19,961 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,711 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $24,808 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $162,800 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $162,800 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,526,567 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,699,722 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $502,871 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,453,512 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,057,101 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,030,379 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $14,691,485 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $14,691,485 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $23,144,997 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,057,101 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $18,721,864 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $16,399,212 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $36,064,936 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,420,912 | CashBOYAmt |
| Cash EOY | $655,037 | CashEOYAmt |
| Cash EOYFMV | $655,037 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,466,815 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $72,991,382 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $72,991,382 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $4,147,224 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $4,157,242 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $95,851,394 | CorporateStockBOYAmt |
| Corporate Stock EOY | $57,245,966 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $86,038,493 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $32,729,869 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $28,877,291 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $28,617,342 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $41,468,960 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $41,468,960 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $41,468,960 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $28,810,000 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $183,169,682 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $173,316,249 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $194,230,395 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $751,893 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $480,860 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $295,841 | LandBOYAmt |
| Land EOY | $271,033 | LandEOYAmt |
| Land EOYFMV | $271,033 | LandEOYFMVAmt |
| Total Assets BOY | $362,403,473 | TotalAssetsBOYAmt |
| Total Assets EOY | $378,973,142 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $415,770,924 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $14,458 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $30,166 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $138,394 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $14,458 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $168,560 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $362,389,015 | RetainedEarningBOYAmt |
| Retained Earning EOY | $378,804,582 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $362,389,015 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $378,804,582 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $362,403,473 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $378,973,142 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $362,389,015 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $16,399,212 | ExcessRevenueOverExpensesAmt |
| Other Increases | $16,355 | OtherIncreasesAmt |
| Subtotal | $378,804,582 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $378,804,582 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly traded securities | $57,295,616 | $55,631,451 | $1,664,165 | $1,664,165 | |||
| K-1 Capital Gain / (Loss) | $31,022,046 | $31,022,046 | P | ||||
| Tosca European Financials Recovery Fund Ltd | $3,007,614 | $2,936,176 | $71,438 | $71,438 | P | 2022-03-23 | 2024-03-20 |
| Bares Mid-Large Cap Series - BBH | $13,432,391 | $13,424,754 | $7,637 | $7,637 | P | 2015-07-01 | 2024-08-23 |
| Select Equity Series - BBH | $17,045,289 | $17,045,288 | $1 | $1 | P | 2015-07-01 | 2024-11-13 |
| Capital gain distributions | $457 | $457 | $457 | ||||
| Valley Forge Large Cap Equity - BBH | $17,671,924 | $17,671,924 | $0 | $0 | P | 2015-07-01 | 2024-11-13 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $32,765,744 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $501,303 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $501,303 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $501,303 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $528,328 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $156,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $684,328 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $183,025 | OverpaymentAmt |
| Applied To ES Tax | $183,025 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.JMBENDOWNMENT.ORG | WebsiteAddressTxt |
| Individual With Books | Taborah Miley | IndividualWithBooksNm |
| Phone | 9803814123 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4201 Congress Street Suite 470 | AddressLine1Txt |
| City | Charlotte | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Mary Claudia Belk Pilon | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Board Chair | 40.00 | $39,728 | $0 | $0 |
| J Keith Benedict | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Board Member | 24.00 | $308,458 | $0 | $0 |
| Virginia M Esposito | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Board Member | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| Michael Thomas Krause | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Senior Advisor | 40.00 | $431,025 | $13,800 | $0 |
| Mark Earl Reed | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Managing Director | 40.00 | $380,421 | $11,130 | $0 |
| Charles W Kaylor | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Chief of Staff | 40.00 | $261,250 | $10,430 | $0 |
| Calvin Dwight Miller | ||||||||
| 4201 Congress Street | Charlotte | NC | 28209 | Impact Officer | 40.00 | $92,442 | $3,698 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| South Summit Capital Management LLC | |||||
| 4201 Congress St Ste 470 | Charlotte | NC | 28202 | Foundation management services | $551,202 |
| McKinsey & Company Inc | |||||
| 175 Greenwich Street | New York | NY | 10007 | Strategic consulting services | $350,000 |
| New Educational Ventures LLC | |||||
| 1311 13th St NW Unit T01 | Washington | DC | 20005 | Strategic consulting services | $309,081 |
| Andalusian Private Capital | |||||
| 51 John F Kennedy Pkwy | Short Hills | NJ | 07078 | Investment services | $304,826 |
| Jake Drew | |||||
| 5908 Fallsview Ln | Dallas | TX | 75252 | Data analytics | $264,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 7 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | In 2024, 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 colleges that lead to improved career opportunities. In addition to making grants to community colleges in the respective cohorts, the Endowment covered the cost of communications and marketing services essential to the initiative's success. | Description1Txt |
| Expenses1 | $828,213 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $119,690,928 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $26,677,377 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $267,657,264 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $414,025,569 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $414,025,569 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,210,384 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $407,815,185 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $20,390,759 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $20,390,759 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $501,303 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $501,303 | TotalTaxAmt |
| Distributable Before Adj | $19,889,456 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $19,889,456 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $19,889,456 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $18,721,864 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $18,721,864 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $19,889,456 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $18,641,251 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $18,721,864 | QualifyingDistributionsAmt |
| Applied To Year1 | $18,641,251 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $80,613 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $19,808,843 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (86 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Alamance Community College | |||||||
| 1247 Jimmie Kerr Road | Graham | NC | 27253 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Beaufort County Community College | |||||||
| 5337 US-264 | Washington | NC | 27889 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Bladen Community College | |||||||
| 7418 NC Hwy 41W | Dublin | NC | 28332 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Blue Ridge Community College | |||||||
| 180 W Campus Drive | Flat Rock | NC | 28731 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Brunswick Community College | |||||||
| 50 College Road | Supply | NC | 28422 | N/A | Gov | NC Reconnect | $50,000 |
| Brunswick Community College | |||||||
| 50 College Road | Supply | NC | 28422 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Caldwell Community College And Technical Institute | |||||||
| 2855 Hickory Blvd | Hudson | NC | 28638 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Cape Fear Community College | |||||||
| 411 N Front Street | Wilmington | NC | 28401 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Carteret Community College | |||||||
| 3505 Arendell Street | Morehead City | NC | 28557 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Catawba Valley Community College | |||||||
| 2550 Highway 70 SE | Hickory | NC | 28602 | N/A | Gov | NC Reconnect | $50,000 |
| Catawba Valley Community College | |||||||
| 2550 Highway 70 SE | Hickory | NC | 28602 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Central Carolina Community College | |||||||
| 1105 Kelly Drive | Sanford | NC | 27330 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Central Piedmont Community College | |||||||
| 1201 Elizabeth Avenue | Charlotte | NC | 28204 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Charlotte-Mecklenburg Board of Education | |||||||
| 600 East 4th Street | Charlotte | NC | 28202 | N/A | Gov | FAFSA Strong Initiative | $25,000 |
| Charlotte-Mecklenburg Schools | |||||||
| 4421 Stuart Andrew Blvd | Charlotte | NC | 28217 | N/A | Gov | FAFSA Strong Initiative | $18,107 |
| Cleveland Community College | |||||||
| 137 S Post Road | Shelby | NC | 28152 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Coastal Carolina Community College | |||||||
| 444 Western Blvd | Jacksonville | NC | 28546 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| College Advising Corps | |||||||
| 301 W Barbee Chapel Rd 210 | Chapel Hill | NC | 27517 | N/A | PC | General Operating Support | $2,880,000 |
| College Of The Albemarle | |||||||
| 1208 North Road Street | Elizabeth City | NC | 27909 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| College Of The Albermarle | |||||||
| 1208 North Road Street | Elizabeth City | NC | 27909 | N/A | Gov | Support NC Reconnect | $50,000 |
| Central Piedmont Community College | |||||||
| 1201 Elizabeth Avenue | Charlotte | NC | 28204 | N/A | Gov | Adult Learner Toolbox | $75,000 |
| Central Piedmont Community College | |||||||
| 1201 Elizabeth Avenue | Charlotte | NC | 28204 | N/A | Gov | Adult Learner Toolbox | $50,000 |
| Central Piedmont Community College Foundation | |||||||
| 1322 E 4th Street | Charlotte | NC | 28204 | N/A | PC | JMBE Next NC Acceleration Grant | $5,000 |
| Craven Community College | |||||||
| 800 College Ct | New Bern | NC | 28562 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Cumberland County Board Of Education | |||||||
| 2465 Gillespie Street | Fayetteville | NC | 28306 | N/A | Gov | JMBE FAFSA GRANT | $25,000 |
| Davidson-Davie Community College | |||||||
| 297 DCC Road | Lexington | NC | 27360 | N/A | Gov | Support NC Reconnect | $50,000 |
| Davidson-Davie Community College | |||||||
| 297 DCC Road | Lexington | NC | 27360 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Durham Public Schools | |||||||
| 511 Cleveland Street | Durham | NC | 27701 | N/A | Gov | DPS FAFSA | $25,000 |
| Durham Technical Community College | |||||||
| 1637 E Lawson Street | Durham | NC | 27703 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Edgecombe Community College | |||||||
| 2009 West Wilson Street | Tarboro | NC | 27886 | N/A | Gov | Support NC Reconnect | $50,000 |
| Edgecombe Community College | |||||||
| 2009 West Wilson Street | Tarboro | NC | 27886 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| EducationNC | |||||||
| PO Box 1636 | Raleigh | NC | 27602 | N/A | PC | General Operating Support | $1,070,000 |
| Fayetteville Tech Community College | |||||||
| 2201 Hull Road | Fayetteville | NC | 28303 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Forsyth Tech Community College | |||||||
| 2100 Silas Creek Parkway | WinstonSalem | NC | 27103 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Forsyth Technical Community College | |||||||
| 2100 Silas Creek Parkway | WinstonSalem | NC | 27103 | N/A | Gov | FAFSA Strong Initiative | $75,000 |
| Foundation For The Carolinas | |||||||
| 220 N Tryon Street | Charlotte | NC | 28202 | N/A | PC | General Operating Support | $2,738,000 |
| Gaston College | |||||||
| 201 US-321 | Dallas | NC | 28034 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Guilford County Schools | |||||||
| 712 N Eugene St | Greensboro | NC | 27401 | N/A | Gov | FAFSA Strong Initiative | $24,900 |
| Guilford Tech Community College | |||||||
| 601 E Main Street | Jamestown | NC | 27282 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Halifax Community College | |||||||
| 100 College Drive | Weldon | NC | 27890 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Haywood Community College | |||||||
| 185 Freedlander Drive | Clyde | NC | 28721 | N/A | Gov | Support for NC Reconnect | $127,500 |
| Haywood Community College | |||||||
| 185 Freedlander Drive | Clyde | NC | 28721 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Iredell-Statesville Schools | |||||||
| 549 North Race Street | Statesville | NC | 28677 | N/A | Gov | FAFSA Strong Initiative | $25,000 |
| Isothermal Community College | |||||||
| 286 I C C Loop Road | Spindale | NC | 28160 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| James B Hunt Jr Institute For Educational Leadership And Policy | |||||||
| 4000 Centregreen Way Suite 301 | Cary | NC | 27513 | N/A | PC | General Operating Support | $1,500,000 |
| James Sprunt Community College | |||||||
| 133 James Sprunt Drive | Kenansville | NC | 28349 | N/A | Gov | JMBE FAFSA GRANT | $50,000 |
| James Sprunt Community College | |||||||
| 133 James Sprunt Drive | Kenansville | NC | 28349 | N/A | Gov | JMBE Next NC Acceleration Grant | $55,000 |
| James Sprunt Community College | |||||||
| 133 James Sprunt Drive | Kenansville | NC | 28349 | N/A | Gov | Train the East Initiative | $25,000 |
| Johnston Community College | |||||||
| 245 College Road | Smithfield | NC | 27577 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Johnston County Public Schools | |||||||
| 2320 US-70 BUS | Smithfield | NC | 27577 | N/A | Gov | FAFSA Strong Initiative | $25,000 |
| Land Of Sky Regional Council | |||||||
| 339 New Leicester Hwy 140 | Asheville | NC | 28806 | N/A | Gov | General operating support | $300,000 |
| Latinxed Education Center | |||||||
| PO Box 891 | Siler City | NC | 27344 | N/A | PC | General operating support | $500,000 |
| Martin Community College | |||||||
| 1161 Kehukee Park Road | Williamston | NC | 27892 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Mayland Community College | |||||||
| 200 Mayland Drive | Spruce Pine | NC | 28777 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Mcdowell Technical Community College | |||||||
| 54 College Drive | Marion | NC | 28752 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Mitchell Community College | |||||||
| 500 W Broad Street | Statesville | NC | 28677 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Montgomery Community College | |||||||
| 1011 Page Street | Troy | NC | 27371 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Myfuturenc Inc | |||||||
| PO Box 26246 | Raleigh | NC | 27611 | N/A | PC | General operating support | $1,250,000 |
| Nash Community College | |||||||
| 522 N Old Carriage Road | Rocky Mount | NC | 27804 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| North Carolina Community Colleges | |||||||
| 2001 West Jones Street | Raleigh | NC | 27603 | N/A | Gov | General Operating Support | $300,000 |
| North Carolina Independent Colleges & Universities | |||||||
| 530 N Blount Street | Raleigh | NC | 27604 | N/A | PC | General Operating Support | $125,000 |
| Piedmont Community College | |||||||
| 1715 College Drive | Roxboro | NC | 27574 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Pitt Community College | |||||||
| 1986 Pitt Tech Road | Winterville | NC | 28590 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Pitt County Schools | |||||||
| 811 Howell Street | Greenville | NC | 27858 | N/A | Gov | FAFSA Focus | $25,000 |
| Presbyterian Hospital | |||||||
| 200 Hawthorne Lane | Charlotte | NC | 28204 | N/A | PC | General operating support | $522,400 |
| Randolph Community College | |||||||
| 629 Industrial Park Avenue | Asheboro | NC | 27205 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Richmond Community College | |||||||
| 1042 Hamlet Avenue | Hamlet | NC | 28345 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Roanoke Chowan Community College | |||||||
| 109 Community College Road | Ahoskie | NC | 27910 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Robeson Community College | |||||||
| 5160 Fayetteville Road | Lumberton | NC | 28360 | N/A | Gov | JMBE Next NC Acceleration Grant | $80,000 |
| Robeson Community College | |||||||
| 5160 Fayetteville Road | Lumberton | NC | 28360 | N/A | Gov | Support for RCC Reconnect | $78,730 |
| Rockingham Community College | |||||||
| 215 Wrenn Memorial Road | Wentworth | NC | 27375 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Rowan Cabarrus Community College | |||||||
| 1333 Jake Alexander Blvd S | Salisbury | NC | 28146 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| South Piedmont Community College | |||||||
| 1851 South Piedmont Street | Monroe | NC | 28110 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Southeastern Community College | |||||||
| 4564 Chadbourn Hwy | Whiteville | NC | 28472 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Southwestern Community College | |||||||
| 447 College Drive | Sylva | NC | 28779 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Stanly Community College | |||||||
| 141 College Drive | Albemarle | NC | 28001 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Strada Education Foundation Inc | |||||||
| 10 W Market Street | Indianapolis | IN | 46204 | N/A | PC | General operating support | $1,462,491 |
| Union County Public Schools | |||||||
| 400 N Church Street | Monroe | NC | 28112 | N/A | Gov | FAFSA Strong Initiative | $22,941 |
| University Of North Carolina At Charlotte | |||||||
| 9201 University City Blvd | Charlotte | NC | 28223 | N/A | Gov | Support for NC Reconnect | $75,000 |
| Vance-Granville Community College | |||||||
| 200 Community College Road | Henderson | NC | 27537 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Wayne Community College | |||||||
| 3000 Wayne Memorial Drive | Goldsboro | NC | 27534 | N/A | Gov | Support for NC Reconnect | $125,000 |
| Wayne Community College | |||||||
| 3000 Wayne Memorial Drive | Goldsboro | NC | 27534 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Western Piedmont Community College | |||||||
| 1001 Burkemont Avenue | Morganton | NC | 28655 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Wilson Community College | |||||||
| 902 Herring Avenue E | Wilson | NC | 27893 | N/A | Gov | JMBE Next NC Acceleration Grant | $5,000 |
| Winston-SalemForsyth County Schools | |||||||
| 427 Corporate Square Drive | WinstonSalem | NC | 27105 | N/A | Gov | FAFSA Strong Initiative | $21,416 |
| Year Up | |||||||
| 45 Milk St 9th Floor | Boston | MA | 02109 | N/A | PC | General operating support | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $14,691,485 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24,061 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,041,202 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | -$33,560 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $32,765,744 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| Hunting lease | 16 | $3,288 | ||
| Passthrough K-1 income | 14 | $2,164,541 | 525990 | -$557,036 |
| 990-T refund | 01 | $12,794 | ||
| Section 951A GILTI | 14 | $123,175 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$590,596 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $40,134,805 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $39,544,209 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Tax compliance | $600 | $300 | $300 |
| Accounting | $2,275 | $1,137 | $1,138 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J Keith Benedict | PersonNm |
| Short Explanation | John M. Belk Endowment (JMBE) paid a management fee of $551,202 to South Summit Capital Management, LLC, pursuant to a shared services agreement, for ordinary and necessary personal services performed for JMBE during the tax year. J. Keith Benedict is employed by South Summit Capital Management, LLC. He is not employed or compensated by JMBE. The management fee is not paid to J. Keith Benedict directly, but it is estimated that $308,458 is attributed to his services performed for the JMBE. JMBE is making this disclosure pursuant to revised IRS guidance per Announcement 2021-18. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| Leasehold Improvements | 2015-03-15 | $349,858 | $78,776 | SL | 39.000000000000 | $8,970 | $0 |
| Office furniture | 2014-12-19 | $148,347 | $126,095 | SL | 10.000000000000 | $14,835 | $0 |
| Equipment | 2014-01-01 | $253,688 | $251,181 | SL | 5.000000000000 | $1,003 | $0 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | K-1 Capital Gain UBTI | AssetDesc |
| How Acquired | Purchased | HowAcquiredTxt |
| Basis | $33,560 | BasisAmt |
| Basis Method | Cost | BasisMethodTxt |
| Sales Expense | $0 | SalesExpenseAmt |
| Total Net | -$33,560 | TotalNetAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (85 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 22,000 Ak Steel Corp 7.0% 27 | $22,040 | $22,028 |
| 386,000 Brightsphere Inve 4.8% 26 | $370,612 | $379,893 |
| 407,000 Barring Bdc, Inc. 3.3% 26 | $372,294 | $390,266 |
| 373,000 Beazer Homes Usa 7.25 29 | $375,150 | $375,798 |
| 267,000 Cimarex Energy Co 3.9%27 | $238,071 | $258,323 |
| 182,000 Corecivic, Inc. 8.25%29 | $190,851 | $192,465 |
| 74,000 Corecivic, Inc. 4.75% 27 | $69,561 | $71,780 |
| 23,000 Copper Tire & R 7.625% 27 | $23,547 | $23,115 |
| 866,000 Dish Dbs Corp 7.75% 26 | $879,597 | $725,275 |
| 52,000 Frontier Communi 6.75% 27 | $49,436 | $52,650 |
| 325,000 Frontier Florida 6.86% 28 | $301,889 | $332,313 |
| 385,000 Fs Kkr Capital Co 3.4% 26 | $366,822 | $377,435 |
| 5,000 Fs Kkr Capital Co 2.625% 27 | $4,527 | $4,724 |
| 366,000 Global Partners Lp 7%27 | $360,521 | $366,915 |
| 395,000 Griffon Corp 5.75%28 | $358,401 | $387,100 |
| 504,000 Hecla Mining Co 7.25% 28 | $527,653 | $505,890 |
| 2,000 Hercules Capita 2.625% 26 | $1,827 | $1,904 |
| 399,000 Hercules Capita 3.375% 27 | $362,198 | $380,811 |
| 275,000 Kohl'S Corp 4.25% 25 | $255,538 | $270,188 |
| 405,000 Macy'S, Inc. 6.9%29 | $374,232 | $403,481 |
| 399,000 Marriott Vacatio 4.75% 28 | $367,374 | $382,541 |
| 431,000 Mpt Operating Pa 5.25%26 | $384,090 | $396,520 |
| 48,000 Nordstrom, Inc. 4%27 | $40,569 | $45,900 |
| 23,000 Nordstrom, Inc. 6.95% 28 | $22,824 | $23,460 |
| 376,000 Oceaneering Internt 6% 28 | $337,015 | $369,420 |
| 198,000 Pbf Holding Co Llc 6% 28 | $193,996 | $189,585 |
| 316,000 Prospect Capita 3.364%26 | $264,774 | $294,704 |
| 104,000 Prospect Capita 3.706%26 | $92,157 | $100,655 |
| 88,000 Seagate Hdd Ca 3.125% 29 | $67,845 | $78,760 |
| 274,000 Sm Energy Co 6.5% 28 | $260,387 | $271,260 |
| 17,000 Sm Energy Co 6.75% 26 | $16,537 | $16,958 |
| 76,000 Sm Energy Co 6.625% 27 | $75,831 | $75,620 |
| 408,000 Tegna Inc. 4.625% 28 | $373,515 | $386,580 |
| 401,000 The Chemours Co 5.375% 27 | $382,499 | $385,963 |
| 332,000 The Geo Group, Inc 8.625% 29 | $352,151 | $349,015 |
| 408,000 Titan Intl Inc Del 7%28 | $391,643 | $399,330 |
| 437,000 Treehouse Foods, In 4%28 | $382,565 | $395,485 |
| 131,000 Transdigm Inc. 4.875% 29 | $119,108 | $123,140 |
| 881,123 Jpm Managed Income Fd - Usd | $8,808,767 | $8,828,747 |
| 245,961 Fidelity U.S. Bond Index Fund (Fxnax | $2,946,617 | $2,513,725 |
| 191,000 Advance Auto Parts 5.95% 03/09/2028 | $193,368 | $192,726 |
| 194,000 Apache Corp Sr Nts 4.375% 10/15/2028 | $191,102 | $187,122 |
| 196,000 Ares Cap Corp Sr Nts 3.25% 07/15/2025 | $193,209 | $194,098 |
| 201,000 Bain Cap Specialty F Sr Nts 2.95% 03/10/2026 | $193,968 | $195,047 |
| 201,000 Barings Bdc, Inc. 3.3%26 Due 11/23/26 | $192,050 | $192,855 |
| 200,000 Blackrock Tcp Cap Corp Sr Nts 2.85% | $194,144 | $194,412 |
| 203,000 Blackstone Secd Lend Sr Nts 2.75% | $194,241 | $194,840 |
| 202,000 Blue Owl Cap Corp Iii Sr Nts 3.125% | $191,858 | $190,626 |
| 199,000 Blue Owl Cap Corp Sr Nts 3.4% | $192,808 | $192,950 |
| 170,000 Boston Properties Lp Sr Nts 3.2% | $169,168 | $169,863 |
| 160,000 Brixmor Oper Part Sr Nts 3.85% | $159,401 | $159,789 |
| 182,000 Brunswick Corp Sr Nts 5.85% | $188,567 | $184,838 |
| 27,000 Concentrix Corp Sr Nts 6.65% | $27,470 | $27,463 |
| 171,000 Dillards Inc Sr Nts 7.0% | $180,906 | $177,741 |
| 70,000 Discovery Comm Inc Nts 3.95 | $67,025 | $66,275 |
| 31,000 Epr Properties 4.5% 04/01/2025 | $30,922 | $30,922 |
| 197,000 Franklin Bsp Cap Co Sr Nts 3.25% | $191,487 | $190,861 |
| 192,000 Frontier Ca Inc 6.75% 05/15/2027 | $200,629 | $195,840 |
| 198,000 Fs/Kkr Advisor, L 3.4%26 Due 01/15/26 | $193,129 | $194,168 |
| 195,000 Global Payments Inc 2.65% 02/15/2025 | $193,278 | $194,390 |
| 204,000 Golub Cap Bdc Sr Nts 2.5% 08/24/2026 | $194,055 | $194,328 |
| 192,000 Hca Inc 5.375% 02/01/2025 | $192,146 | $192,036 |
| 198,000 Healthcare Rlty Hldgs Lp 3.625% | $190,832 | $188,065 |
| 202,000 Hercules Capita 3.375%27 Due 01/20/27 | $192,922 | $193,146 |
| 197,000 Hexcel Corp Sr Nts 4.2% | $193,513 | $192,538 |
| 194,000 Kemper Corp Sr Nts 4.35% | $193,459 | $193,463 |
| 196,000 Las Vegas Sands Corp Sr Nts 2.9% | $192,686 | $193,867 |
| 194,000 Leggett & Platt Inc Sr Nts 3.5% | $186,889 | $183,194 |
| 193,000 Mgic Invt Corp Sr Nts 5.25% | $193,156 | $188,820 |
| 10,000 Natl Fuel Gas Co Sr Nts 5.2% | $10,021 | $9,993 |
| 206,000 Oaktree Specialty Lend Sr Nts 2.7% | $193,428 | $193,834 |
| 193,000 Omega Hlthcare Investors 4.5% | $192,766 | $192,930 |
| 164,000 Paramount Global Sr Nts 4.0% | $162,419 | $162,190 |
| 199,000 Patterson-Uti Energy Inc Sr Nts 3.95% | $194,284 | $190,337 |
| 198,000 Pinnacle West Cap Sr Nts 1.3% | $193,004 | $194,672 |
| 204,000 Prospect Capita 3.364%26 Due 11/15/26 | $191,405 | $189,637 |
| 191,000 Pvh Corp Sr Nts 4.625% 07/10/2025 | $190,221 | $190,098 |
| 202,000 Sixth Str Specialty Sr Nts 2.5% | $193,282 | $193,964 |
| 186,000 Targa Res Partners 6.875% | $191,080 | $190,360 |
| 193,000 Ventas Rlty Lp 2.65% 01/15/2025 | $191,695 | $192,691 |
| 25,000 Viacom Inc 3.450% 10/04/2026 | $24,301 | $24,079 |
| 85,000 Warnermedia Holdings Inc 3.755% | $82,346 | $81,892 |
| 43,000 Warnermedia Holdings Inc 3.788% | $42,679 | $42,870 |
| 193,000 Westn Midstream Operat Sr Nts 3.95% | $191,458 | $192,022 |
| 180,000 Wp Carey Inc Sr Nts 4.0% 02/01/2025 | $179,483 | $179,768 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (41 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 217,503 Fidelity 500 Index Fund (Fxaix) | $30,015,444 | $44,411,982 |
| 12,080 Aci Worldwide Inc | $291,774 | $627,073 |
| 4,000 Alphabet Inc Cap Stk Cl | $550,082 | $761,760 |
| 12,950 Anterix Inc Com | $556,374 | $397,177 |
| 4,360 Apple Inc | $630,509 | $1,091,831 |
| 11,450 Aspen Aerogels Inc Com | $172,489 | $136,030 |
| 9,530 Broadcom Inc Com | $468,492 | $2,209,435 |
| 3,950 Chart Inds Inc Com | $562,561 | $753,818 |
| 5,540 Chevron Corp New Com | $709,593 | $802,414 |
| 2,340 Chubb Limited Com Npv | $430,015 | $646,542 |
| 14,380 Clearwater Paper Corp(Clw) | $394,810 | $428,085 |
| 3,668 Dell Technologies Inc Cl C(Dell) | $401,946 | $422,700 |
| 10,750 Delta Air Lines Inc(Dal) | $367,328 | $650,375 |
| 8,800 Duke Energy Corp New Com | $860,680 | $948,112 |
| 630 Eli Lilly &Co Com (Lly) | $497,506 | $486,360 |
| 38,144 Fidelity 500 Index Fund (Fxaix) | $5,296,132 | $7,788,580 |
| 6,600 General Mills Inc Com Usd0.10(Gis) | $382,810 | $420,882 |
| 8,493 Harrow Inc Com (Hrow) | $78,235 | $284,940 |
| 3,660 Hca Healthcare Inc Com(Hca) | $834,060 | $1,098,549 |
| 3,278 Johnson &Johnson Com(Jnj) | $521,027 | $474,064 |
| 3,965 Jpmorgan Chase &Co. Com(Jpm) | $560,008 | $950,450 |
| 100,605 Kosmos Energy Ltd Com (Kos) | $391,309 | $344,069 |
| 1,500 Lockheed Martin Corp Com Usd1.00(Lmt) | $580,874 | $728,910 |
| 9,249 Lyondellbasell Industries N V Com | $809,153 | $686,923 |
| 7,100 Merck &Co. Inc Com (Mrk) | $535,067 | $706,308 |
| 2,540 Microsoft Corp (Msft) | $740,374 | $1,070,610 |
| 1,400 Nike Inc Class B Com Npv(Nke) | $233,274 | $105,938 |
| 2,565 Novo Nordisk A/S Adr | $273,209 | $220,641 |
| 21,350 Old Republic International Corp(Ori) | $534,963 | $772,657 |
| 7,295 Palantir Technologies Inc ClA (Pltr) | $62,590 | $551,721 |
| 4,400 Palo Alto Networks Inc | $299,981 | $800,624 |
| 31,296 Pfizer Inc (Pfe) | $853,388 | $830,283 |
| 7,250 Pinnacle Financial Partners | $497,233 | $829,328 |
| 2,500 Salesforce Inc Com (Crm) | $423,475 | $835,825 |
| 21,367 Stonex Group Inc Com(Snex) | $990,885 | $2,093,325 |
| 5,685 United Parcel Service Inc Cl B(Ups) | $975,576 | $716,935 |
| 1,030 Unitedhealth Group Inc(Unh) | $430,846 | $521,036 |
| 12,200 Verizon Communications Inc (Vz) | $630,128 | $487,878 |
| 1,500 Workday Inc Com Usd0.001 Cl A(Wday) | $244,260 | $387,045 |
| 8,000 Spdr S&P 500 Etf Trust | $2,023,351 | $4,688,640 |
| 4,873 Ishares S&P 500 Index Fund | $1,134,155 | $2,868,638 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $4,147,224 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $4,157,242 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (57 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 3650 Trousdale Investors, LLC | AT COST | $1,830,475 | $2,000,000 |
| Ada Re Vintage Year 2024 | AT COST | $4,306,012 | $4,847,485 |
| JMBE Holdings 2020 LLC | AT COST | $16,668,757 | $16,393,871 |
| Altarock Partners Series | AT COST | $10,848,224 | $10,848,166 |
| Andalusian Credit Company LLC | AT COST | $2,993,250 | $2,918,275 |
| Andalusian Sports Advisors, LP | AT COST | $2,994,913 | $3,000,000 |
| Andalusian SPV I, LP | AT COST | $1,743,518 | $1,500,989 |
| Andalusian SPV II, LP | AT COST | $3,719,196 | $4,071,765 |
| Andalusian SPV VI, LP | AT COST | $1,001,835 | $1,001,442 |
| Andalusian SPV, III | AT COST | $4,001,152 | $3,990,210 |
| Aston Realty Investment Company | AT COST | $2,966,437 | $3,076,039 |
| Balance Legal Capital Fund II LP | AT COST | $4,081,473 | $3,324,305 |
| BBH AH Cayman | AT COST | $2,693,198 | $3,663,803 |
| BBH Cap Partners QP IV | AT COST | $4,600 | $453,184 |
| BBH Oaktree Opportunities Sub Trust | AT COST | $2,541,911 | $4,506,762 |
| BBH Wealth Strategies LLC - LBC Credit Partners III USTE Series | AT COST | $1,473,810 | $664,944 |
| Braemont Partners I Fund LP | AT COST | $5,590,834 | $7,687,429 |
| Bramalea Partners Fund II, LP | AT COST | $2,500,000 | $2,500,000 |
| Bramalea Partners Fund LP | AT COST | $3,649,639 | $4,182,179 |
| Cesar Nursery Holdings, LLC | AT COST | $629,751 | $621,296 |
| Contrarian Emerging Markets LP | AT COST | $1,000,000 | $1,954,204 |
| ECF Value Fund International Ltd | AT COST | $2,500,000 | $2,977,514 |
| FCA Health Innovations II (QP), LP | AT COST | $1,246,260 | $1,390,180 |
| FCA RR Investors | AT COST | $0 | $2,167,502 |
| FCA RR Investors Pref, LLC | AT COST | $392,644 | $441,001 |
| FCA Ventures I LLC | AT COST | $3,781,657 | $2,000,000 |
| FCAW CC GP | AT COST | $736,361 | $1,702,772 |
| Goldcrest Capital II-A, LP | AT COST | $522,479 | $1,554,346 |
| Goldcrest Capital II-A, LP | AT COST | $1,828,524 | $2,634,422 |
| Goldcrest Capital Mars SPV, LLC | AT COST | $2,496,825 | $3,689,358 |
| Goldcrest Capital Peregrine-B SPV, LLC | AT COST | $1,498,793 | $1,484,352 |
| Goldcrest Capital Sourcegraph-D SPV, LLC | AT COST | $996,335 | $718,800 |
| HNVR II, LP | AT COST | $515,312 | $584,791 |
| Housing Impact Fund I LLC | AT COST | $596,598 | $596,578 |
| HSFP Fund LP | AT COST | $505,582 | $500,000 |
| Morrocroft Neighborhood Fund III, LP | AT COST | $1,365,256 | $3,474,989 |
| NRC Absolute Return Offshore LP | AT COST | $8,583,731 | $9,258,308 |
| NRC Global Select Equity Fund LP | AT COST | $2,523,238 | $2,980,317 |
| NRC Hedged Equity Offshore LP | AT COST | $4,625,877 | $4,099,765 |
| NRC Private Credit Opportunities 2021 LP | AT COST | $7,648,379 | $8,489,077 |
| NRC Private Credit Opportunities 2022 LP | AT COST | $9,113,335 | $10,034,041 |
| NRC Private Equity Opportunities 2021 LP | AT COST | $4,742,675 | $5,370,954 |
| NRC Private Equity Opportunities 2022 LP | AT COST | $5,014,362 | $5,372,832 |
| Orbimed Royalty & Credit Opportunities III | AT COST | $1,915,967 | $1,755,444 |
| Primary Wave Music LP Fund 2 | AT COST | $3,355,944 | $5,268,416 |
| RB EFO II De AIV II LPlp | AT COST | $275,584 | $225,235 |
| Redbird Capital Partners Fund II LP | AT COST | $380,741 | $370,013 |
| Senvest Partners, LP | AT COST | $1,000,000 | $2,165,843 |
| Sharpvue Capital - Atlanta Marriott Peachtree Corners | AT COST | $3,079,441 | $3,131,894 |
| Spicewood Mineral Partners II, LP | AT COST | $3,470,077 | $3,529,206 |
| Spicewood Mineral Partners, LP | AT COST | $6,620,474 | $7,212,323 |
| Spicewood Titan Sidecar LP | AT COST | $2,020,991 | $2,638,127 |
| Truebridge Capital Partners Fund VI LP | AT COST | $888,487 | $1,267,412 |
| VP Dislocation Fund II Private Investors Offshore L.P. | AT COST | $2,503,740 | $3,180,915 |
| Zelda Ventures Fund 1, LP | AT COST | $500,060 | $385,313 |
| Zephyrus Aviation Partners II (Offshore), LP | AT COST | $8,826,052 | $8,366,524 |
| Andalusian Credit Partners, LLC | AT COST | $5,483 | $5,483 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Leasehold Improvements | $349,858 | $87,746 | $262,112 | $262,112 |
| Office furniture | $148,347 | $140,930 | $7,417 | $7,417 |
| Equipment | $253,688 | $252,184 | $1,504 | $1,504 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance and counsel | CategoryTxt |
| Legal Fees | $39,800 | LegalFeesAmt |
| Net Investment Income | $23,928 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $15,872 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Memberships, dues, subscriptions | $1,734 | $0 | $1,734 |
| Information & technology | $59,984 | $0 | $59,984 |
| Insurance | $33,071 | $0 | $33,071 |
| Sponsorships & hosting | $372,108 | $0 | $372,108 |
| Other expenses | $32,851 | $0 | $32,851 |
| K-1 expenses | $3,023,696 | $2,699,722 | $0 |
| Public relations | $2,539 | $0 | $2,539 |
| Davidson scholar expenses | $584 | $0 | $584 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Hunting lease | $3,288 | $3,288 | $3,288 |
| Passthrough K-1 income | $1,607,505 | $2,164,567 | $1,607,505 |
| 990-T refund | $12,794 | $12,794 | |
| Section 951A GILTI | $123,175 | $123,175 | $123,175 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Prior period adjustment to investment cost basis | Desc |
| Amt | $16,355 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Partnership liabilities - FCA RR Investors | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $138,394 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (8 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment management fees | $910,540 | $910,540 | $0 |
| Foundation management services | $551,202 | $110,240 | $440,962 |
| Leadership development | $675 | $0 | $675 |
| Data analytic research | $264,000 | $264,000 | $0 |
| Strategic consulting | $980,973 | $0 | $980,973 |
| Land management services | $31,203 | $31,203 | $0 |
| Payroll processing fees | $23,889 | $0 | $23,889 |
| Communications / public relations | $410,719 | $0 | $410,719 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Federal excise tax | $17,250 | $0 | $0 |
| Foreign tax | $1,231 | $1,231 | $0 |
| Property tax | $1,480 | $1,480 | $0 |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | DescDesc | AmtAmt |
|---|---|---|---|---|---|---|
| NRC Private Credit Opportunities 2021 (Offshore) LP | ||||||
| 521 East Morehead St Ste 100 | Charlotte | NC | 28202 | 981590920 | Distribution from investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $1,848,373 |
| NRC Private Credit Opportunities 2022 (Offshore) LP | ||||||
| 521 East Morehead St Ste 100 | Charlotte | NC | 28202 | 981661072 | Distribution from investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $4,127,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,003,338 | TotalAmt |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | DescDesc | AmtAmt |
|---|---|---|---|---|---|---|
| JMBE Holdings 2020 LLC | ||||||
| 4201 Congress Street 470 | Charlotte | NC | 28209 | 853706523 | Transfer to investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $8,439,655 |
| NRC Absolute Return Offshore LP | ||||||
| 521 East Morehead St Ste 100 | Charlotte | NC | 28202 | 981596086 | Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $0 |
| NRC Private Credit Opportunities 2021 (Offshore) LP | ||||||
| 521 East Morehead St Ste 100 | Charlotte | NC | 28202 | 981590920 | Transfer to investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $1,848,373 |
| NRC Private Credit Opportunities 2022 (Offshore) LP | ||||||
| 521 East Morehead St Ste 100 | Charlotte | NC | 28202 | 981661072 | Transfer to investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $4,127,500 |
| NRC Private Equity Opportunities 2022 LP | ||||||
| 521 East Morehead St Ste 100 | Charlotte | NC | 28202 | 874555439 | Transfer to investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | $1,925,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,340,528 | TotalAmt |