Charles A Cannon Charitable Trust N0 One
- Assets
- $141.6m
- Revenue
- $20.0m
- Investments
- $138.9m
- Employees
- 0
- Location
- Concord, NC
- Founding
- 09/1981
- Data as of
- 03/2024
- EIN
- 56-6132354
Organization Overview
Charles A Cannon Charitable Trust N0 One is located in Concord, NC. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles A Cannon Charitable Trust N0 One 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 03/2024, Charles A Cannon Charitable Trust N0 One generated $20.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $17.8m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charles A Cannon Charitable Trust N0 One has awarded 425 individual grants totaling $58,731,797. 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
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Cannon Jr Trustee/president | 3 | $219,144 | |
Edwin S Outen Trustee/vice-President | 3 | $219,144 | |
Joseph C Hunter Trustee/secretary | 3 | $219,144 | |
Britt Leatherman Trustee | 1 | $219,145 | |
Pinnacle Financial Partners Trustee | 1 | $202,327 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mill Capital Management | 3/30/24 | $1,143,392 |
Insight North America Llc (Bny Mellon) | 3/30/24 | $76,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,550,418 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,449,212 |
| Capital Gain Net Income | $15,449,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,999,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,078,904 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $356,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $348,476 |
| Total operating and administrative expenses | $3,026,740 |
| Contributions, gifts, grants paid | $14,773,362 |
| Total expenses and disbursements | $17,800,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,705,003 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $141,615,193 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charles A Cannon Charitable Trust N0 One has awarded $14,773,362 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
ALBEMARLE FIRST ASSEMBLY PURPOSE: HVAC REPLACEMENT | $50,000 |
ALAMANCE COMMUNITY COLLEGE FOUNDATION INC PURPOSE: WELDING FILTRATION AND VENTILATION SYSTEM | $280,000 |
ALL SAINTS EPISCOPAL CHURCH PURPOSE: TRUSTEE DISCRETIONARY - GENERAL OPERATING | $5,000 |
ALL SAINTS EPISCOPAL CHURCH PURPOSE: TRUSTEE DISCRETIONARY GRANT | $5,000 |
ALLISON CREEK PRESBYTERIAN CHURCH PURPOSE: WATERTIGHT GYM/FAMILY LIFE CENTER & HANDICAP RAMP RENOVATION | $40,000 |
APPALACHIAN REGIONAL HEALTHCARE SYSTEM INC PURPOSE: REIMBURSEMENT: MAMMOGRAPHY IN THE HIGH COUNTRY | $400,000 |