Charles A Cannon Charitable Trust No 3
- Assets
- $11.2m
- Revenue
- $429.6k
- Investments
- $10.0m
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 05/1979
- Data as of
- 12/2020
- EIN
- 58-1360259
Organization Overview
Charles A Cannon Charitable Trust No 3 is located in Winstonsalem, NC. The organization was established in 1979. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 No 3 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 12/2020, Charles A Cannon Charitable Trust No 3 generated $429.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles A Cannon Charitable Trust No 3 has awarded 14 individual grants totaling $2,613,828. 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 |
|---|---|---|---|
Wells Fargo Bank Na Co-Trustee | 1 | $12,237 | |
Edwin Outen Co-Trustee | 3 | $13,417 | |
Joseph C Hunter Co-Trustee | 3 | $13,417 | |
William C Cannon Jr Co-Trustee | 3 | $13,417 | |
Robert C Hayes Co-Trustee | 3 | $389 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $348,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,813 |
| Capital Gain Net Income | $80,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $697 |
| Total Revenue | $429,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,626 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,152 |
| Total operating and administrative expenses | $203,058 |
| Contributions, gifts, grants paid | $955,594 |
| Total expenses and disbursements | $1,158,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,227,059 |
| 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 | $119,732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,245,815 |
| 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 No 3 has awarded $1,911,188 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: GENERAL SUPPORT | $382,238 |
DUKE UNIVERSITY PURPOSE: GENERAL SUPPORT | $382,238 |
Spartanburg, SC PURPOSE: MONTGOMERY STUDENT CENTER | $184,000 |
Spartanburg, SC PURPOSE: MONTGOMERY STUDENT CENTER | $184,000 |
Davidson, NC PURPOSE: LIBERAL ARTS FOR THE 21ST | $175,000 |
Davidson, NC PURPOSE: LIBERAL ARTS FOR THE 21ST | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
South Carolina Automobile Dealers Trust Columbia, SC | $615,773 | $12,853,378 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |