Katherine And Thomas Belk Foundation Inc

Charlotte, NC
Tax exemption issued: Dec. 2000
EIN: 56-2220828

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,305,276

Expenses

$3,473,471

Net Income

-$2,168,195

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,145	0.7%
Dividends	$41,414	3.2%
Sales of Assets	$1,254,717	96.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,403,567	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Edward M Lazar (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2023

Revenue

$16,321

Expenses

$740,472

Net Income

-$724,151

Net Assets

$2,167,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,605	22.1%
Dividends	$39,055	> 100%
Sales of Assets	-$26,341
Other Income	$2	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$680,000	91.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,167,774
Total Liabilities	$0
Net Assets	$2,167,774

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Edward M Lazar (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2022

Revenue

$45,666

Expenses

$1,400,304

Net Income

-$1,354,638

Net Assets

$2,891,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$751	1.6%
Dividends	$37,982	83.2%
Sales of Assets	$6,475	14.2%
Other Income	$458	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,338,000	95.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,891,946
Total Liabilities	$0
Net Assets	$2,891,946

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Edward M Lazar (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$746,894

Expenses

$1,231,045

Net Income

-$484,151

Net Assets

$4,246,584

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$42,836	5.7%
Sales of Assets	$702,271	94.0%
Other Income	$1,778	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,180,000	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,246,584
Total Liabilities	$0
Net Assets	$4,246,584

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Edward M Lazar (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$375,807

Expenses

$1,221,606

Net Income

-$845,799

Net Assets

$4,730,734

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,168	0.3%
Dividends	$78,784	21.0%
Sales of Assets	$295,855	78.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,160,000	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,730,735
Total Liabilities	$1
Net Assets	$4,730,734

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Edward M Lazar (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2019

Revenue

$348,135

Expenses

$639,562

Net Income

-$291,427

Net Assets

$5,576,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23,938	6.9%
Dividends	$76,843	22.1%
Sales of Assets	$247,525	71.1%
Other Income	-$171

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$587,300	91.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,576,534
Total Liabilities	$0
Net Assets	$5,576,534

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$183,869

Expenses

$630,338

Net Income

-$446,469

Net Assets

$5,867,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,756	14.6%
Dividends	$86,331	47.0%
Sales of Assets	$70,573	38.4%
Other Income	$209	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$580,000	92.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,867,961
Total Liabilities	$0
Net Assets	$5,867,961

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Edward M Lazar (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$113,307

Expenses

$115,815

Net Income

-$2,508

Net Assets

$6,314,430

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,380	19.8%
Dividends	$91,848	81.1%
Sales of Assets	-$964
Other Income	$43	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,000	58.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,314,430
Total Liabilities	$0
Net Assets	$6,314,430

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0

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990-PF

Filed on Nov. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$144,691

Expenses

$704,445

Net Income

-$559,754

Net Assets

$6,318,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,976	10.4%
Dividends	$24,708	17.1%
Sales of Assets	$105,007	72.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$580,000	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,318,011
Total Liabilities	$0
Net Assets	$6,318,011

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Kathryn Habluetzel (Asst. Secretary)	$0	$0

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990-PF

Filed on Nov. 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$5,660,002

Expenses

$562,342

Net Income

$5,097,660

Net Assets

$6,877,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$58	0.0%
Dividends	$93,703	1.7%
Sales of Assets	$5,566,241	98.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$548,275	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,877,765
Total Liabilities	$0
Net Assets	$6,877,765

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Susan N Jamison (Asst. Secretary)	$0	$0

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990-PF

Filed on Aug. 5, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$142,455

Expenses

$585,061

Net Income

-$442,606

Net Assets

$1,356,428

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.0%
Dividends	$96,992	68.1%
Sales of Assets	$45,445	31.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$570,000	97.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,356,428
Total Liabilities	$0
Net Assets	$1,356,428

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Susan N Jamison (Asst. Secretary)	$0	$0

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990-PF

Filed on June 29, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$907,736

Expenses

$1,295,794

Net Income

-$388,058

Net Assets

$1,799,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,131	1.2%
Sales of Assets	$896,605	98.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,286,206	99.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,799,034
Total Liabilities	$0
Net Assets	$1,799,034

Compensation

Key Employees and Officers	Compensation	Other
Thomas M Belk Jr (Vice President/director)	$0	$0
Katherine M Belk (Secretary/director)	$0	$0
Katherine Belk Morris (President/director)	$0	$0
Hw Mckay Belk (Vice President/director)	$0	$0
John R Belk (Treasurer/director)	$0	$0
Susan N Jamison (Asst. Secretary)	$0	$0

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990-PF

Filed on May 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$294,559

Expenses

$674,163

Net Income

-$379,604

Net Assets

$1,767,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$247,110	83.9%
Sales of Assets	$47,449	16.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$660,310	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,767,198
Total Liabilities	$0
Net Assets	$1,767,198

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$126,165

Expenses

$236,600

Net Income

-$110,435

Net Assets

$2,127,855

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$104,201	82.6%
Sales of Assets	$21,955	17.4%
Other Income	$9	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$221,394	93.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,127,855
Total Liabilities	$0
Net Assets	$2,127,855

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Katherine And Thomas Belk Foundation Inc

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001