EIN 56-6132354

Charles A Cannon Trust No 1

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
1981
Most recent tax filings
2024-03-01
NTEE code, primary
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
$19,999,630
2024
Total expenses
$17,800,102
2024
Total assets
$141,615,193
2024
Num. employees
5
2024

Grants made by Charles A Cannon Trust No 1

GranteeGrant descriptionAmount
Carolinas Medical Center-NortheastRequired 40% Distribution$5,907,698
Cabarrus Cooperative Christian MinistryThe Rebuilder's Campus - Phase 1$500,000
Carolinas Medical Center-Northeast2024 Faith Community Nurses$489,000
...and 42 more grants made totalling $11,946,169

Personnel at Charles A Cannon Trust No 1

NameTitleCompensation
Joseph C HunterTrustee , Secretary$219,144

Financials for Charles A Cannon Trust No 1

RevenuesFYE 03/2024
Total grants, contributions, etc.$0
Investment income and dividends$4,550,418
Net rental income$0
Net gain from sale of non-inventory assets$15,449,212
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,999,630

Form 990s for Charles A Cannon Trust No 1

Fiscal year endingDate received by IRSFormPDF link
2024-032024-06-12990PFView PDF
2023-032024-02-09990PFView PDF
2022-032023-02-17990PFView PDF
2021-032021-07-30990PFView PDF
2020-032020-10-08990PRView PDF
...and 11 more Form 990s
Data update history
August 3, 2024
Posted financials
Added Form 990PF for fiscal year 2024
July 31, 2024
Updated personnel
Identified 1 new personnel
July 20, 2024
Used new vendors
Identified 1 new vendor, including
June 2, 2024
Posted financials
Added Form 990PF for fiscal year 2023
May 20, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsAccepts online 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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