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Filing year 2024

THE CANNON FOUNDATION INC

Concord, North Carolina·EIN 56-6042532·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$24.8M
Total assets
$351.7M
Total expenses
$16.4M
Reported officers
13

Executive compensation

Form 990-PF · Part VIII · 10 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.

Executive Director
75th to 90th percentile
$260k
$276k
Director
Unclassified
$30k
$32k
Director/secretary
Unclassified
$30k
$32k
Director/treasurer
Unclassified
$30k
$32k
Director/vice President
Board President
Median to 75th percentile
$30k
$32k
Director
Unclassified
$30k
$32k
Director
Unclassified
$30k
$32k
Director
Unclassified
$30k
$32k
Director/president
Board President
Median to 75th percentile
$30k
$32k
Director
Unclassified
$23k
$24k

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.

Plus 3 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE CANNON FOUNDATION INC equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
2%
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

$14.6M

Itemized grants

218

Median grant

$50k

RecipientLocationPurposeAmount
CABARRUS COOPERATIVE CHRISTIAN MINISTRY INCCONCORD, NCTO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION$500k
ROWAN-CABARRUS YOUNG MEN'S CHRISTIAN ASSOCIATIONSALISBURY, NCNEW HARRISBURG YMCA, KANNAPOLIS BRANCH AQUATICS CENTER RENOVATION$400k
BOYS AND GIRLS CLUB OF THE TAR RIVER REGION INCROCKY MOUNT, NCPROJECT DREAM$350k
PUBLIC HEALTH AUTHORITY OF CABARRUS COUNTYCONCORD, NCKANNAPOLIS DENTAL EXPANSION$300k
CENTER FOR DOMESTIC PEACESYLVA, NCTO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION$250k
CAROLINA SENIORCARELEXINGTON, NCACCESSIBILITY TO HEALTHCARE FOR LOW-INCOME SENIORS$212k
YOUNG MENS CHRISTIAN ASSOCIATION BLUE RIDGE ASSEMBLYBLACK MOUNTAIN, NCPHASE ONE - CABIN VILLAGE CONSTRUCTION$200k
ATRIUM HEALTH FOUNDATIONCHARLOTTE, NCTO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION$167k
FIRST PRESBYTERIAN CHURCHWASHINGTON, NCTHE PARVIN PROJECT$150k
FRANKLIN VANCE WARREN OPPORTUNITY INCHENDERSON, NCTO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION$150k
FREE WILL BAPTIST CHILDREN'S HOME INCMIDDLESEX, NCTHRIVE INDEPENDENT LIVING HOUSING PROJECT$150k
GRACE CLINIC OF YADKIN VALLEYELKIN, NCNEW BUILDING PROJECT$150k
HAYWOOD STREET CONGREGATIONASHEVILLE, NCHAYWOOD STREET RESPITE EXPANSION$150k
LEAST OF THESE CAROLINAS INCGASTONIA, NCLOTC HEADQUARTERS BUILDING$150k
MARS HILL UNIVERSITYMARS HILL, NCSTUDENT CENTER$150k
NATURAL SCIENCE CENTER OF GREENSBORO INCGREENSBORO, NCEXPEDITION RAINFOREST: THE GREENSBORO BIODOME$150k
NORTH CAROLINA BAPTIST MENCARY, NCHURRICANE HELENE REBUILD$150k
OPEN DOOR COMMUNITY CENTERWASHINGTON, NCWOMEN'S SHELTER EXPANSION PROJECT$150k
PEACEHAVEN FARM INCWHITSETT, NCCOMMUNITY CENTER$150k
PRESBYTERIAN COLLEGECLINTON, SCREYNOLDS CENTER RENOVATION$150k
ROBESON COUNTY COMMITTEE ON DOMESTIC VIOLENCELUMBERTON, NCSFVC SHELTER$150k
ROWAN HELPING MINISTRIESSALISBURY, NCTO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION$150k
SWAIN COUNTY NCBRYSON CITY, NCMARIANNA BLACK LIBRARY EXPANSION AND RENOVATION$150k
THE WESTERN YOUTH NETWORK INCBOONE, NCBUILDING BRIGHTER FUTURES$150k
TOWN OF JONESVILLEJONESVILLE, NCJONESVILLE PUBLIC LIBRARY NEW BUILD$150k
Compare this foundation's grantees

Climbed 37%
over 2 years

From $189k in 2022 to $260k in 2024.

$189k
2022
$234k
2023
$260k
2024
In today's dollarsEst.
Up 28% in real terms$216k to $276k

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

Chief Executive Officer pay rose 37% from 2022 to 2024, while revenue rose 173%.

$189k in 2022 to $260k in 2024.
  • Board President pay rose 100% 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 ($150M - $1B), 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 THE CANNON FOUNDATION INC

What does the Chief Executive Officer of THE CANNON FOUNDATION INC earn?

In 2024, the Chief Executive Officer of THE CANNON FOUNDATION INC received $260,000 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE CANNON FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, the 2024 pay of the Chief Executive Officer at THE CANNON FOUNDATION INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at THE CANNON FOUNDATION INC equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE CANNON FOUNDATION INC's revenue and expenses?

In 2024, THE CANNON FOUNDATION INC reported $24.8M in total revenue and $16.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.