1. Directory
  2. North Carolina
  3. Concord
  4. The Cannon Foundation
EIN 56-6042532

The Cannon Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Concord
State
North Carolina
Year formed
1948
Most recent tax filings
2023-09-01
NTEE code, primary
T20: Private Foundations
Description
The Cannon Foundation is located in Concord, NC and made 174 grants last year. The types of grants given were to the Boys and Girls Club Of Cabarrus County Inc. The trustees are William C Cannon JR, Thomas M Grady, William M Connolly.
Total revenues
$9,085,868
2023
Total expenses
$13,683,228
2023
Total assets
$273,257,280
2023
Num. employees
3
2023

Grants made by The Cannon Foundation

GranteeGrant descriptionAmount
Rowan-Cabarrus Young Men's Christian AssociationNew Harrisburg Ymca$310,000
North Carolina Textile FoundationThe Flex Factory Prototype Lab: Narrow Fabric Weaving System$150,000
Crossnore Communities for ChildrenCrossnore Communities for Children Electronic Health Record$150,000
...and 149 more grants made totalling $9,183,637

Personnel at The Cannon Foundation

NameTitleCompensation
Suzanne PhilemonExecutive Director$189,280
Eugene W CochranePast Director$15,000
Kathryn S PhilemonPast Executive Director$159,372
Meera T MarkandaPast Former Executive Director$20,833

Financials for The Cannon Foundation

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Investment income and dividends$4,582,675
Net rental income$0
Net gain from sale of non-inventory assets$4,503,193
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,085,868

Form 990s for The Cannon Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-01-22990PFView PDF
2022-092023-05-10990PFView PDF
2021-092022-04-01990PFView PDF
2020-092021-06-17990PFView PDF
2019-092020-09-28990PRView PDF
...and 8 more Form 990s
Data update history
November 1, 2024
Updated personnel
Identified 4 new personnel
June 2, 2024
Posted financials
Added Form 990PF for fiscal year 2023
May 23, 2024
Updated personnel
Identified 1 new personnel
July 21, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 3, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax 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/ 
Phone
(704) 786-8216
IRS details
EIN
56-6042532
Fiscal year end
September
Taxreturn type
Form 990-PF
Year formed
1948
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
Free account sign-up

Want updates when The Cannon Foundation has new information, or want to find more organizations like The Cannon Foundation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy