Joseph Cannon Christmas Tr Uw
- Assets
- $14.1m
- Revenue
- $847.0k
- Investments
- $0.0
- Employees
- 0
- Location
- High Point, NC
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 56-6052273
Organization Overview
Joseph Cannon Christmas Tr Uw is located in High Point, NC. The organization was established in 1974. 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. Joseph Cannon Christmas Tr Uw 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 12/2022, Joseph Cannon Christmas Tr Uw generated $847.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joseph Cannon Christmas Tr Uw has awarded 50 individual grants totaling $5,466,230. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INCOME FROM THE TRUST INVESTMENTS IS DISTRIBUTED TO THE CHARITIES NAMED IN THE GOVERNING DOCUMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME FROM THE TRUST INVESTMENTS IS DISTRIBUTED TO THE CHARITIES NAMED IN THE GOVERNING DOCUMENT
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $367,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $479,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $846,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,257,464 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $46,379 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $88,622 |
| Fees for services: Legal | $5,361 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,405,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,561,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,110,577 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,110,577 |
| Total liabilities and net assets/fund balances | $14,110,577 |
Grants Awarded
Over the last fiscal year, Joseph Cannon Christmas Tr Uw has awarded $1,257,460 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF CONCORD FBO OF THE FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT GRANT | $125,746 |
CABARRUS YOUTH DEVELOPMENT CENTER PURPOSE: GENERAL SUPPORT GRANT | $125,746 |
MASONIC HOME FOR CHILDREN AT OXFORD PURPOSE: GENERAL SUPPORT GRANT | $125,746 |
FOREST HILL UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT GRANT | $125,746 |
CROSSNORE SCHOOL PURPOSE: GENERAL SUPPORT GRANT | $125,746 |
BOYS & GIRLS CLUB OF CABARRUS COUNTY PURPOSE: GENERAL SUPPORT GRANT | $125,746 |