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 12/2023, William Coltrane & Norma Craft Cannon generated $962.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $759.3k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William Coltrane & Norma Craft Cannon has awarded 157 individual grants totaling $3,632,500. 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 |
---|---|---|---|
Pinnacle Bank Trustee | 1 | $0 | |
William C Cannon Jr Co-Trustee | 3 | $33,212 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $1,054 |
Dividends & Interest | $148,538 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $812,524 |
Capital Gain Net Income | $812,524 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $962,116 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $33,212 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $4,750 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $49,877 |
Total operating and administrative expenses | $89,314 |
Contributions, gifts, grants paid | $670,000 |
Total expenses and disbursements | $759,314 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,737 |
Savings and temporary cash investments | $40,714 |
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 | $4,419,109 |
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 $670,000 in support to 23 organizations.
Grant Recipient | Amount |
---|---|
AUSTISM SOCIETY OF NORTH CAROLINA PURPOSE: GENERAL OPERATING | $25,000 |
BOYS AND GIRLS CLUB OF CABARRUS COUNTY PURPOSE: GENERAL OPERATING | $22,000 |
CABARRUS COUNTY MEALS ON WHEELS PURPOSE: GENERAL OPERATING | $10,000 |
CANNON YMCA PURPOSE: EDUCATION | $100,000 |
CENTRAL NORTH CAROLINA COUNCIL BOYS SCOUTS OF AMERICA PURPOSE: GENERAL OPERATING | $22,000 |
CONCORD POLICE FOUNDATION PURPOSE: GENERAL OPERATING | $20,000 |