William Coltrane & Norma Craft Cannon is located in High Point, NC. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Coltrane & Norma Craft Cannon is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, William Coltrane & Norma Craft Cannon generated $511.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $565.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William Coltrane & Norma Craft Cannon has awarded 111 individual grants totaling $2,362,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William C Cannon Jr Co-Trustee | 3 | $35,290 | |
Wells Fargo Trustee | 1 | $19,005 | |
Pinnacle Bank Trustee | 1 | $4,529 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $11 |
Dividends & Interest | $140,711 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $371,167 |
Capital Gain Net Income | $371,167 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $511,889 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $58,824 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $8,501 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $29,971 |
Total operating and administrative expenses | $103,354 |
Contributions, gifts, grants paid | $462,500 |
Total expenses and disbursements | $565,854 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,700 |
Savings and temporary cash investments | $203,004 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $162,395 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $4,846,357 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, William Coltrane & Norma Craft Cannon has awarded $462,500 in support to 19 organizations.
Grant Recipient | Amount |
---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: SUPPORT | $75,000 |
ROWAN-CABARRUS YMCA PURPOSE: GENERAL OPERATING | $50,000 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $50,000 |
Concord, NC PURPOSE: EDUCATION | $50,000 |
Boone, NC PURPOSE: GENERAL OPERATING | $25,000 |
CONCORD FIRST ASSEMBLY CHURCH PURPOSE: GENERAL OPERATING | $25,000 |
Over the last fiscal year, we have identified 1 grants that William Coltrane & Norma Craft Cannon has recieved totaling $0.
Awarding Organization | Amount |
---|---|
Appalachian Regional Healthcare Foundation Boone, NC PURPOSE: OPERATIONAL SUPPORT | $0 |
Organization Name | Assets | Revenue |
---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |