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EIN 56-6132354

Charles A Cannon Trust No 1

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Concord
State
North Carolina
Year formed
1981
Most recent tax filings
2023-03-01
NTEE code, primary
T20: Private Foundations
Description
C. A. Cannon Charitable Trust #1 is a private foundation that primarily funds general support, faith community nurse, debt reduction, hvac replacement, technology upgrades, parking lot repavement, windows and facade, window replacement, w. It made 82 grants last year. Grantees include CMC Northeast Medical Center and others.
Also known as...
C A Cannon Char Trust 1 190; Charles A Cannon Charitable Trust N0 One; C. A. Cannon Charitable Trust #1; #190
Total revenues
$27,247,632
2023
Total expenses
$19,886,939
2023
Total assets
$139,220,382
2023
Num. employees
4
2023

Grants made by Charles A Cannon Trust No 1

GranteeGrant descriptionAmount
Carolinas Medical Center-NortheastRequired 40% Distribution$6,814,474
Carolinas Medical Center-NortheastFaith Community Nurses$516,611
Mayland Community College FoundationThree Peaks South Entry Project$500,000
...and 68 more grants made totalling $15,071,285

Personnel at Charles A Cannon Trust No 1

NameTitleCompensation
Joseph C HunterTrustee , Secretary$209,089

Financials for Charles A Cannon Trust No 1

RevenuesFYE 03/2023
Total grants, contributions, etc.$0
Investment income and dividends$6,085,992
Net rental income$0
Net gain from sale of non-inventory assets$21,161,640
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$27,247,632

Form 990s for Charles A Cannon Trust No 1

Fiscal year endingDate received by IRSFormPDF link
2023-032024-02-09990PFView PDF
2022-032023-02-17990PFView PDF
2021-032021-07-30990PFView PDF
2020-032020-10-08990PRView PDF
2019-032020-09-11990PRView PDF
...and 10 more Form 990s
Data update history
May 20, 2024
Used new vendors
Identified 1 new vendor, including
June 20, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 17, 2023
Updated personnel
Identified 2 new personnel
June 13, 2023
Used new vendors
Identified 2 new vendors, including , and
September 3, 2022
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
PO Box 548
Concord, NC 28026
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Cabarrus County, NC
Website URL
cannonfoundation.org/cannon-charitable-trusts/ 
Phone
(704) 262-2347
IRS details
EIN
56-6132354
Fiscal year end
March
Taxreturn type
Form 990-PF
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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