Form 990 for tax year 2024
Filed by CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC.
Totals
- Total revenue
- $8,189,880
- Total expenses
- $7,554,575
- Contributions and grants received
- $6,490,250
- Grants paid
- $0
- Program service revenue
- $1,510,592
- Investment income
- $0
- Other revenue
- $189,038
- Total assets, end of year
- $20,744,844
- Total liabilities, end of year
- $2,174,568
- Net assets or fund balances, end of year
- $18,570,276
- Program services expenses (Part IX)
- $6,956,234
- Management and general expenses
- $131,474
- Fundraising expenses
- $466,867
- Program service expenses (Part III)
- $6,956,234
Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$415,167
-
1e · Government grants (contributions)
$59,192
-
1f · All other contributions, gifts and grants
$6,015,891
-
1g · Noncash contributions included above
$2,081,806
-
2a · Program service revenue: Program service fees
total $1,510,592 · related or exempt $1,510,592
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $250,590
-
6c · Rental income or loss
real property $250,590
-
6d · Net rental income or loss
total $250,590 · related or exempt $250,590
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: contributions included on line 1c
$415,167
-
8b · Fundraising events: direct expenses
$61,552
-
8c · Net income from fundraising events
total -$61,552 · excluded -$61,552
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $112,349 · program services $44,940 · management and general $35,951 · fundraising $31,458
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,968,931 · program services $2,640,631 · management and general $43,453 · fundraising $284,847
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $215,456 · program services $187,787 · management and general $5,552 · fundraising $22,117
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $6,852 · management and general $6,852
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $346,058 · program services $341,058 · management and general $5,000
-
23 · Insurance
total $132,607 · program services $129,925 · management and general $2,682
-
24a · Other expenses: Food Distributed
total $2,165,958 · program services $2,165,958
-
24b · Other expenses: Maintenance & Facilities
total $430,267 · program services $418,353 · management and general $5,935 · fundraising $5,979
-
24c · Other expenses: Program
total $368,509 · program services $348,084 · management and general $5,043 · fundraising $15,382
-
24d · Other expenses: Administrative
total $361,068 · program services $353,123 · management and general $3,858 · fundraising $4,087
-
24e · All other expenses
total $446,520 · program services $326,375 · management and general $17,148 · fundraising $102,997
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $3,385,406 · end of year $2,937,243
-
3 · Pledges and grants receivable
beginning of year $4,468,768 · end of year $3,159,249
-
4 · Accounts receivable
beginning of year $732,132 · end of year $507,439
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $71,002 · end of year $130,373
-
9 · Prepaid expenses and deferred charges
end of year $38,610
-
10a · Land, buildings and equipment: cost or other basis
$14,422,298
-
10b · Land, buildings and equipment: accumulated depreciation
$1,426,667
-
10c · Land, buildings and equipment, net
beginning of year $11,631,977 · end of year $12,995,631
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $896,641 · end of year $976,299
-
17 · Accounts payable and accrued expenses
beginning of year $275,918 · end of year $61,069
-
19 · Deferred revenue
beginning of year $1,050,962 · end of year $1,008,810
-
23 · Secured mortgages and notes payable
beginning of year $2,000,000 · end of year $1,000,000
-
25 · Other liabilities
beginning of year $14,596 · end of year $104,689
-
27 · Net assets without donor restrictions
beginning of year $11,465,994 · end of year $14,868,377
-
28 · Net assets with donor restrictions
beginning of year $6,378,456 · end of year $3,701,899
Mission and programs · 2024
Mission
To respond to the growing need in our community by providing immediate assistance to residents of Concord, Kannapolis, and Cabarrus County, NC who are experiencing crisis in the areas of food, shelter or finances while providing them access to resources that will empower them to move beyond crisis.
-
Housing Programs: Families that are deprived of safe and affordable housing cannot adequately store and prepare food, sustain proper hygiene or achieve adequate sleep, make routine medical appointments, or even maintain a regimen of proper medications.They cannot support the tasks necessary to encourage success in school or performance in the workplace, and they cannot establish the stability to participate in after-school activities or community life. The largest population of growth among the homeless in Cabarrus County is families with children, while the fastest growing homeless population is senior adults. CCMs housing programs served 21 families this year (including 45 children), providing safe housing, nutritious meals, tutoring for students, educational and training opportunities for parents, and case management resources to resident families. 90% of these families progressed within our model or moved to other safe/stable housing, and 74% of the families improved their household financial status. CCM restores hope in the lives of individuals and families facing hardship due to adverse life circumstances. CCMs food and financial services provide relief, in a Christ-centered environment, while our structured housing program guides families towards personal and financial stability.
Expenses $3,957,025 · Revenue $1,660,668
-
Food Assistance: CCM recognizes food insecurity creates stress in nay household that distracts families from activities that would otherwise improve health and everyday stability. Alternatively, children, especially those 0-5 that benefit from good nutrition more often experience healthy cognitive development leading to improved household stability.CCMs network of food pantries provides access to nutritious food within 15 minutes of all Cabarrus County residents. This network, combined with a series of mobile food pantries, distributed groceries to 85,812 people this year (including 27,312 children), totaling 1,146,400 pounds of food. Our evening meal program also served nearly 11,060 prepared meals to individuals and families in Cabarrus County.
Expenses $2,399,435
-
Financial Assistance; The cycle of loss begins with loss of choices; which, to the one in crisis, feels like loss of control. It spirals quickly to loss of food security, and then loss of stability with monthly bills, as the cycle accelerates towards loss of utilities and loss of housing. CCMs financial services division is designed to intervene in the cycle of loss before it gains momentum. Initial contact through our online inquiry module and/or visits to our food pantries provides opportunity to address utility cut-off warnings or eviction notices before that cycle amplifies. Last year, 503 households (1,360 individuals) avoided utility cut-offs and / or evictions through CCMs financial services. CCMs comprehensive approach recognizes barriers to access in at least seven sectors of our local economy and community life. Our collaborative services model leverages the strengths of our local services network to remove barriers and provide access to vital resources in the community.
Expenses $599,774
As filed on the 2024 return.
Listed in Part VII
-
Ed Hosack
Chief Executive
- Total calculated
- $112,349
- From this org
- $109,007
- From related orgs
- $0
- Other
- $3,342
- Hours/week
- 40
-
Don Foskey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Autry Dawsey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rolanda Patrick
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Friend
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Doug Stafford
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Irene Wong
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Eaton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pastor Gwen Stowers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Novasad
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Edison McCrea
President
- Total calculated
- $0
- Hours/week
- 2
-
Morgan Plume
Director
- Total calculated
- $0
- Hours/week
- 1
-
Diamond Staton-Williams
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim Bumgardner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline Tucker
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Cooperative Christian Ministry Foundatio
501(c)(3) · Supporting Organization · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611319349303596
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.