Charles A Cannon Charitable Trust No 3

Concord, NC
Tax-exempt since May 1979
EIN: 58-1360259

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.78M (2024)

Expenses

$1.58M (2024)

Total Assets

$29.8M (2024)

Total Liabilities

$250k (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,778,798

Expenses

$1,575,244

Net Income

$203,554

Net Assets

$29,510,312

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$409,596	23.0%
Sales of Assets	$1,369,202	77.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,215,612	77.2%
Compensation of Officers*	$86,915	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,760,312
Total Liabilities	$250,000
Net Assets	$29,510,312

Compensation

Key Employees and Officers	Compensation	Other
William C Cannon Jr (Trustee, President)	$18,034	$0
Edwin S Outen (Trustee, Vice President)	$18,034	$0
Joseph C Hunter (Trustee, Secretary)	$18,034	$0
Britt Leatherman (Trustee)	$18,033	$0
Pinnacle Financial Partners (Trustee)	$14,780	$0

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990-PF

Filed on June 1, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$1,845,383

Expenses

$1,394,057

Net Income

$451,326

Net Assets

$26,841,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$347,126	18.8%
Sales of Assets	$1,498,257	81.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,237,148	88.7%
Compensation of Officers*	$80,462	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,841,211
Total Liabilities	$0
Net Assets	$26,841,211

Compensation

Key Employees and Officers	Compensation	Other
William C Cannon Jr (Trustee, President)	$16,731	$0
Edwin S Outen (Trustee, Vice President)	$16,731	$0
Joseph C Hunter (Trustee, Secretary)	$16,731	$0
Britt Leatherman (Trustee)	$15,471	$0
Pinnacle Financial Partners (Trustee)	$14,798	$0

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990-PF

Filed on April 23, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,199,797

Expenses

$1,372,609

Net Income

-$172,812

Net Assets

$22,987,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$360,268	30.0%
Sales of Assets	$858,992	71.6%
Other Income	-$19,463

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,275,361	92.9%
Compensation of Officers*	$43,934	3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,987,830
Total Liabilities	$0
Net Assets	$22,987,830

Compensation

Key Employees and Officers	Compensation	Other
William C Cannon Jr (Trustee, President)	$14,645	$0
Edwin S Outen (Trustee, Vice President)	$14,645	$0
Joseph C Hunter (Trustee, Secretary)	$14,645	$0
Britt Leatherman (Trustee (Effective 12/1/2022))	$0	$0
Pinnacle Bank (Trustee (Effective 12/1/2022))	$0	$0

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990-PF

Filed on May 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$522,849

Expenses

$1,134,370

Net Income

-$611,521

Net Assets

$28,730,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$326,087	62.4%
Sales of Assets	$196,762	37.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,068,961	94.2%
Compensation of Officers*	$101,843	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,730,954
Total Liabilities	$0
Net Assets	$28,730,954

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo (Trustee)	$52,221	$0
William C Cannon Jr (Trustee, President)	$16,541	$0
Edwin S Outen (Trustee, Vice President)	$16,541	$0
Joseph C Hunter (Trustee, Secretary)	$16,541	$0

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990-PF

Filed on Sept. 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$429,551

Expenses

$1,158,652

Net Income

-$729,101

Net Assets

$11,245,814

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$348,041	81.0%
Sales of Assets	$80,813	18.8%
Other Income	$697	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,078,501	93.1%
Compensation of Officers*	$146,626	12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,245,815
Total Liabilities	$1
Net Assets	$11,245,814

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$93,749	$0
William C Cannon Jr (Co Trustee)	$13,417	$0
Joseph C Hunter (Co Trustee)	$13,417	$0
Edwin Outen (Co Trustee)	$13,417	$0
Wells Fargo Bank Na (Co Trustee)	$12,237	$0
Robert C Hayes (Co Trustee)	$389	$0

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990-PF

Filed on April 22, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$725,938

Expenses

$1,171,234

Net Income

-$445,296

Net Assets

$11,979,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$422,081	58.1%
Sales of Assets	$303,857	41.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,061,399	90.6%
Compensation of Officers*	$158,030	13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,979,912
Total Liabilities	$0
Net Assets	$11,979,912

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$316,314

Expenses

$1,034,371

Net Income

-$718,057

Net Assets

$11,976,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$348,048	> 100%
Sales of Assets	-$87,188
Other Income	$55,454	17.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$901,827	87.2%
Compensation of Officers*	$150,843	14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,976,555
Total Liabilities	$0
Net Assets	$11,976,555

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$89,467	$0
Robert C Hayes (Co Trustee)	$12,495	$0
William C Cannon Jr (Co Trustee)	$12,495	$0
Joseph C Hunter (Co Trustee)	$12,495	$0
Edwin Outen (Co Trustee)	$12,495	$0
Wells Fargo Bank Na (Grant Administration)	$11,396	$0

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990-PF

Filed on May 7, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$724,713

Expenses

$904,684

Net Income

-$179,971

Net Assets

$12,887,461

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$333,543	46.0%
Sales of Assets	$391,170	54.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$768,740	85.0%
Compensation of Officers*	$148,566	16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,887,461
Total Liabilities	$0
Net Assets	$12,887,461

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$99,598	$0
Robert C Hayes (Co Trustee)	$12,242	$0
William C Cannon Jr (Co Trustee)	$12,242	$0
Joseph C Hunter (Co Trustee)	$12,242	$0
Edwin Outen (Co Trustee)	$12,242	$0

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990-PF

Filed on Aug. 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$1,410,557

Expenses

$834,918

Net Income

$575,639

Net Assets

$13,086,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$540,523	38.3%
Sales of Assets	$869,899	61.7%
Other Income	$135	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$709,117	84.9%
Compensation of Officers*	$137,738	16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,086,272
Total Liabilities	$0
Net Assets	$13,086,272

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$88,546	$0
Robert C Hayes (Co Trustee)	$12,298	$0
William C Cannon Jr (Co Trustee)	$12,298	$0
Joseph C Hunter (Co Trustee)	$12,298	$0
Edwin Outen (Co Trustee)	$12,298	$0

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990-PF

Filed on May 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$525,684

Expenses

$806,921

Net Income

-$281,237

Net Assets

$12,512,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$363,781	69.2%
Sales of Assets	$161,903	30.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$700,016	86.8%
Compensation of Officers*	$122,206	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,512,971
Total Liabilities	$0
Net Assets	$12,512,971

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$766,765

Expenses

$704,755

Net Income

$62,010

Net Assets

$12,793,788

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$371,162	48.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$395,603	51.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$109,089	15.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$12,793,788
Total Liabilities	$0
Net Assets	$12,793,788

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$874,637

Expenses

$735,035

Net Income

$139,602

Net Assets

$12,693,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$349,330	39.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$525,307	60.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$106,821	14.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$12,693,370
Total Liabilities	$0
Net Assets	$12,693,370

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Updated September 25, 2025

Charles A Cannon Charitable Trust No 3

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.78M (2024)

Expenses $1.58M (2024)

Total Assets $29.8M (2024)

Total Liabilities $250k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$1.78M (2024)

Expenses

$1.58M (2024)

Total Assets

$29.8M (2024)

Total Liabilities

$250k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001