Civic Intelligence

The David Belk Cannon Foundation

EIN 27-0004751 • 501(c)3 • Gastonia, NC

Profile

To make charitable distributions and provide support to or for the use of, and to perform the functions of, the community foundation of gaston county.

208 Burtonwood DriveGastonia, NC 28054

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.05x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.76x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

9th percentile

-20%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$145,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

$100M-$250M nonprofits • Source year 2022

Asset Growth

51st percentile

6.1%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

97th percentile

155%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$132,530,612

Up $6,257,136 (+5.0%) from 2023

Liabilities

Up

$6,374,834

Up $3,026,501 (+90%) from 2023

Net Assets

Up

$126,155,778

Up $3,230,635 (+2.6%) from 2023

Operations
Liabilities / Revenue67th percentileNet Margin9th percentile

Revenue

Up

$8,374,309

Up $4,782,627 (+133%) from 2023

Expenses

Up

$10,050,872

Up $5,902,665 (+142%) from 2023

Net Income

Down

-$1,676,563

Down $1,120,038 (-201%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2012: $88,806,056Liabilities 2012: $681,000Net Assets 2012: $88,125,0562012Assets 2013: $84,719,909Liabilities 2013: $468,000Net Assets 2013: $84,251,9092013Assets 2014: $95,408,407Liabilities 2014: $1,200,000Net Assets 2014: $94,208,4072014Assets 2015: $125,794,097Liabilities 2015: $1,829,572Net Assets 2015: $123,964,5252015Assets 2016: $123,371,302Liabilities 2016: $11,925Net Assets 2016: $123,359,3772016Assets 2017: $125,072,713Liabilities 2017: $1,871,264Net Assets 2017: $123,201,4492017Assets 2018: $109,461,277Liabilities 2018: $2,985,276Net Assets 2018: $106,476,0012018Assets 2019: $124,485,676Liabilities 2019: $4,804,186Net Assets 2019: $119,681,4902019Assets 2020: $130,773,648Liabilities 2020: $3,083,334Net Assets 2020: $127,690,3142020Assets 2021: $141,422,518Liabilities 2021: $7,400,000Net Assets 2021: $134,022,5182021Assets 2022: $117,648,711Liabilities 2022: $5,645,833Net Assets 2022: $112,002,8782022Assets 2023: $126,273,476Liabilities 2023: $3,348,333Net Assets 2023: $122,925,1432023Assets 2024: $132,530,612Liabilities 2024: $6,374,834Net Assets 2024: $126,155,7782024

Highlighted filing

2024

Assets$132,530,612
Liabilities$6,374,834
Net Assets$126,155,778
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2012: $1,282,2582012Revenue 2013: $183,880Expenses 2013: $1,525,627Net Income 2013: -$1,341,7472013Revenue 2014: $1,454,157Expenses 2014: $4,248,071Net Income 2014: -$2,793,9142014Revenue 2015: $22,529,304Expenses 2015: $2,565,680Net Income 2015: $19,963,6242015Revenue 2016: $1,351,168Expenses 2016: $2,118,352Net Income 2016: -$767,1842016Revenue 2017: $2,127,675Expenses 2017: $8,227,858Net Income 2017: -$6,100,1832017Revenue 2018: $4,541,407Expenses 2018: $8,288,676Net Income 2018: -$3,747,2692018Revenue 2019: $3,185,767Expenses 2019: $7,012,643Net Income 2019: -$3,826,8762019Revenue 2020: $4,765,855Expenses 2020: $5,764,767Net Income 2020: -$998,9122020Revenue 2021: $13,308,124Expenses 2021: $11,093,901Net Income 2021: $2,214,2232021Revenue 2022: $1,285,700Expenses 2022: $5,306,364Net Income 2022: -$4,020,6642022Revenue 2023: $3,591,682Expenses 2023: $4,148,207Net Income 2023: -$556,5252023Revenue 2024: $8,374,309Expenses 2024: $10,050,872Net Income 2024: -$1,676,5632024

Highlighted filing

2024

Revenue$8,374,309
Expenses$10,050,872
Net Income-$1,676,563
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,530,612
Liabilities
$6,374,834
Net assets
$126,155,778
Revenue
$8,374,309
Expenses
$10,050,872
Net income
-$1,676,563
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$133$6.37$126$8.37$10.1$1.68
2023Detailed filing. Detailed filing data is available for this year.$126$3.35$123$3.59$4.15$0.56
2022Detailed filing. Detailed filing data is available for this year.$118$5.65$112$1.29$5.31$4.02
2021Detailed filing. Detailed filing data is available for this year.$141$7.40$134$13.3$11.1$2.21
2020Detailed filing. Detailed filing data is available for this year.$131$3.08$128$4.77$5.76$1.00
2019Detailed filing. Detailed filing data is available for this year.$124$4.80$120$3.19$7.01$3.83
2018Detailed filing. Detailed filing data is available for this year.$109$2.99$106$4.54$8.29$3.75
2017Detailed filing. Detailed filing data is available for this year.$125$1.87$123$2.13$8.23$6.10
2016Detailed filing. Detailed filing data is available for this year.$123$0.01$123$1.35$2.12$0.77
2015Detailed filing. Detailed filing data is available for this year.$126$1.83$124$22.5$2.57$20.0
2014Detailed filing. Detailed filing data is available for this year.$95.4$1.20$94.2$1.45$4.25$2.79
2013Detailed filing. Detailed filing data is available for this year.$84.7$0.47$84.3$0.18$1.53$1.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.8$0.68$88.1$1.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

To make charitable distributions and provide support to or for the use of, and to perform the functions of, the community foundation of gaston county.

Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eugene R Matthews IIChair & CEOPT$148,000-$148,000
Tamara BurrellExecutive DirectorPT$128,598-$128,598
Dr Richard E Rankin JrDirector-$23,000-$23,000
Ben F Matthews IIIVice Chairman-$22,000-$22,000
Annabelle KellyAsst Secretary-$13,000-$13,000
Mary M VaughnSecretary-$13,000-$13,000
Filing and Contact Details

Filer

Filer Name
The David Belk Cannon Foundation
EIN
27-0004751
Phone
7046164817
Address
208 Burtonwood Drive, Gastonia, NC 28054

Signing Officer

Name
Eugene R Matthews II
Title
Chair & CEO
Signed
2025-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Foard and Company PA
Address
1347 Harding Place, Charlotte, NC 28204
Preparer
Terry W Lancaster
Phone
7043721515
Raw XML AppendixShowing 400 of 668 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Ben F Matthews III
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2Vice Chairman
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3Secretary
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt19New Hope Business District
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm1Christ School
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm8Kenan-Flagler Business School
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm9National MS Society
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm10Philanthropy Roundtable
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm11Randolph-Macon Academy
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm13Salvation Army
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm14Union Presbyterian Seminary
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm15United Way of Gaston County
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm16Woodberry Forest School
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm20Saint Mary's School
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm22Foundation for the Carolinas
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm23Daniel Stowe Botanical Garden
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm24First ARP Church
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm25Carolina Wildlife Conservation Cent
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm26Dream Center Academy
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm27Kintegra Health
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm28Schiele Museum of Natural History
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm29Charlotte Mecklenburg Dream Center
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm30Buncombe County Schools Foundation

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