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Filing year 2024

CHARLES A CANNON TRUST NO 1

Concord, North Carolina·EIN 56-6132354·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$18.2M
Total assets
$138.4M
Total expenses
$20.9M
Reported officers
5

Executive compensation

Form 990-PF · Part VIII · 5 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina.

Trustee
Board Member
Above 90th percentile
$252k
$267k
Trustee/secretary
Board Secretary
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide
$252k
$267k
Trustee/vice-president
Board President
Above 90th percentile
$252k
$267k
Trustee/president
Board President
Above 90th percentile
$252k
$267k
Trustee
Board Member
Above 90th percentile
$200k
$213k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at CHARLES A CANNON TRUST NO 1 equaled 1% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
1%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$17.7M

Itemized grants

85

Median grant

$65k

RecipientLocationPurposeAmount
THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITYCONCORD, NCREQUIRED 40% DISTRIBUTION - ATRIUM CABARRUS$6.2M
WINGATE UNIVERSITYWINGATE, NCCAMPUS BUILDING RENOVATIONS; BOSTIC SCHOLARSHIP FUND; ANNUAL FUND; CAMPUS SAFETY$933k
ROWAN-CABARRUS YOUNG MEN'S CHRISTIAN ASSOCIATIONSALISBURY, NCNEW HARRISBURG YMCA (CAPITAL PROJECT); KANNAPOLIS BRANCH POOL RENOVATIONS$560k
APPALACHIAN REGIONAL HEALTHCARE SYSTEM INCBOONE, NCHURRICANE HELENE DISASTER RELIEF; RADIATION ONCOLOGY NEW LINEAR ACCELERATOR$550k
ROWAN-CABARRUS COMMUNITY COLLEGE FOUNDATION INCSALISBURY, NCASEPTIC EDUCATIONAL SUITE$486k
THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITYCONCORD, NC2025 FAITH COMMUNITY NURSES - ATRIUM CABARRUS$480k
LEES-MCRAE COLLEGE INCORPORATEDBANNER ELK, NCHURRICANE HELENE DISASTER RELIEF; MAINTENANCE$410k
BREVARD COLLEGE CORPORATIONBREVARD, NCHVAC; HURRICANE HELENE DISASTER RELIEF$400k
PUBLIC HEALTH AUTHORITY OF CABARRUS COUNTYKANNAPOLIS, NCKANNAPOLIS DENTAL EXPANSION$389k
BOYS AND GIRLS CLUB OF CABARRUS COUNTY INCCONCORD, NC2024-25 OPERATING SUPPORT$350k
LIVINGSTONE COLLEGESALISBURY, NCDEMO OF TWO HOUSES; CHILLER; ROOF AND HVAC IN GYM$300k
LENOIR-RHYNE UNIVERSITYHICKORY, NCISENHOUR HALL HVAC REPLACEMENT; LUTHERAN THEOLOGICAL SOUTHERN SEMINARY TRANSITION$300k
BARTON COLLEGEWILSON, NCRENOVATION OF HARDY ALUMNI HALL$300k
PFEIFFER UNIVERSITYMISENHEIMER, NCURGENT DEFERRED MAINTENANCE PROJECTS$300k
METHODIST UNIVERSITY INCFAYETTEVILLE, NCPEDESTRIAN BRIDGE$290k
ISOTHERMAL COMMUNITY COLLEGE FOUNDATION INCSPINDALE, NCBUILDING APPALACHIA'S TRUCK DRIVING WORKFORCE AND COMMUNITY$250k
MAYLAND COMMUNITY COLLEGE FOUNDATIONSPRUCE PINE, NCCULINARY ARTS PROGRAM CONSTRUCTION COMPLETION; HURRICANE HELENE DISASTER RELIEF$250k
THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITYCONCORD, NCNAME THE 6TH FLOOR TERRACE SPACE AT THE WAKE FOREST/ATRIUM HEALTH CHARLOTTE LOCATION OF THE MEDICAL SCHOOL IN HONOR OF WILLIAM C. CANNON, JR.$250k
CABARRUS HEALTHCARE FOUNDATIONCONCORD, NCPLAZA BUILDING CAPITAL IMPROVEMENTS$250k
UNIVERSITY OF MOUNT OLIVE INCMOUNT OLIVE, NCKORNEGAY ARENA$225k
WILKES COMMUNITY COLLEGE FOUNDATIONWILKESBORO, NCDENTAL HYGIENE PROGRAM$200k
FOUNDATION OF THE CALDWELL COMMUNITY COLLEGE AND TECHNICAL INSTITUTELENOIR, NCHURRICANE HELENE DISASTER RELIEF$200k
METHODIST UNIVERSITY INCFAYETTEVILLE, NCROOF REPLACEMENTS: RIDDLE ATHLETIC CENTER & HENDRICK SCIENCE BUILDING$200k
ROWAN REGIONAL MEDICAL CENTER FOUNDATION INCSALISBURY, NCSTERILE PROCESSING DEPARTMENT$200k
BEAUFORT COUNTY COMMUNITY COLLEGE FOUNDATIONWASHINGTON, NCAMBULANCE FOR EMS PROGRAM$167k
Compare this foundation's grantees

Climbed 21%
over 2 years

From $209k in 2022 to $252k in 2024.

$209k
2022
$219k
2023
$252k
2024
In today's dollarsEst.
Up 12% in real terms$239k to $267k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 400% from 2022 to 2024, while revenue fell 33%.

$50k in 2022 to $252k in 2024.
  • Board Secretary pay rose 21% from 2022 to 2024.
  • Board President pay rose 21% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about CHARLES A CANNON TRUST NO 1

What does the Board Member of CHARLES A CANNON TRUST NO 1 earn?

In 2024, the Board Member of CHARLES A CANNON TRUST NO 1 received $252,117 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at CHARLES A CANNON TRUST NO 1 compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, the 2024 pay of the Board Member at CHARLES A CANNON TRUST NO 1 falls in the top 10%. In 2024, the highest total compensation at CHARLES A CANNON TRUST NO 1 equaled 1% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are CHARLES A CANNON TRUST NO 1's revenue and expenses?

In 2024, CHARLES A CANNON TRUST NO 1 reported $18.2M in total revenue and $20.9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.