Nonprofit · EIN 56-1320818
CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC
Tax-exempt · KANNAPOLIS, NC 28083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,189,880 | $7,554,575 | $635,305 | $20,744,844 | $2,174,568 | $18,570,276 |
| June 30, 2024 | 990 | $15,487,410 | $6,134,428 | $9,352,982 | $21,185,926 | $3,341,476 | $17,844,450 |
| June 30, 2023 | 990 | $9,821,582 | $5,275,519 | $4,546,063 | $8,451,475 | $71,997 | $8,379,478 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,490,250
- of which government grants
- $59,192
- Program service revenue
- $1,510,592
- Investment income
- $0
- Net rental income
- $250,590
- Net income from fundraising events
- -$61,552
- Other revenue
- $189,038
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $112,349
- Other salaries and wages
- $2,968,931
- Salaries, compensation and benefits (total)
- $3,296,736
- Professional fundraising fees
- $0
- Depreciation
- $346,058
- Program services (functional)
- $6,956,234
- Management and general (functional)
- $131,474
- Fundraising (functional)
- $466,867
Balance sheet and other
- Total assets, start of year
- $21,185,926
- Total assets, end of year
- $20,744,844
- Total liabilities, end of year
- $2,174,568
- Net assets, end of year
- $18,570,276
- Land, buildings and equipment
- $12,995,631
- Net assets without donor restrictions
- $14,868,377
- Net assets with donor restrictions
- $3,701,899
- Gross receipts
- $8,251,432
- Employees
- 117
- Volunteers
- 1,111
- Year formed
- 1981
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ed Hosack | Chief Executive Officer | 40 | $109,007 | $3,342 |
| Don Foskey | Director Trustee or director | 1 | $0 | $0 |
| Autry Dawsey | Director Trustee or director | 1 | $0 | $0 |
| Rolanda Patrick | Director Trustee or director | 1 | $0 | $0 |
| Nancy Friend | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Doug Stafford | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Irene Wong | Director Trustee or director | 1 | $0 | $0 |
| Joe Eaton | Director Trustee or director | 1 | $0 | $0 |
| Pastor Gwen Stowers | Director Trustee or director | 1 | $0 | $0 |
| Mark Novasad | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Edison McCrea | President Trustee or director, Officer | 2 | $0 | $0 |
| Morgan Plume | Director Trustee or director | 1 | $0 | $0 |
| Diamond Staton-Williams | Director Trustee or director | 1 | $0 | $0 |
| Kim Bumgardner | Director Trustee or director | 1 | $0 | $0 |
| Jacqueline Tucker | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ed Hosack | Chief Executive Officer | 40 | $106,599 | $4,539 |
| Don Foskey | Director Trustee or director | 1 | $0 | $0 |
| Autry Dawsey | Director Trustee or director | 1 | $0 | $0 |
| LeDerick Blackburn | Director Trustee or director | 1 | $0 | $0 |
| Nancy Friend | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Doug Stafford | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Irene Wong | Director Trustee or director | 1 | $0 | $0 |
| Joe Eaton | Director Trustee or director | 1 | $0 | $0 |
| Pastor Gwen Stowers | Director Trustee or director | 1 | $0 | $0 |
| Mark Novasad | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Edison McCrea | President Trustee or director, Officer | 2 | $0 | $0 |
| Autry Dawsey | Director Trustee or director | 1 | $0 | $0 |
| Asha Rodriguez | Director Trustee or director | 1 | $0 | $0 |
| Marcella Beam | Director Trustee or director | 1 | $0 | $0 |
| Kim Bumgardner | Director Trustee or director | 1 | $0 | $0 |
| Jacqueline Tucker | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ed Hosack | Chief Executive Officer | 40 | $103,523 | $4,446 |
| Don Foskey | Director Trustee or director | 1 | $0 | $0 |
| Autry Dawsey | Director Trustee or director | 1 | $0 | $0 |
| LeDerick Blackburn | Director Trustee or director | 1 | $0 | $0 |
| Justin Thibault | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Nancy Friend | Director Trustee or director | 1 | $0 | $0 |
| Edison McCrea | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Irene Sacks | Director Trustee or director | 1 | $0 | $0 |
| Joe Eaton | Director Trustee or director | 1 | $0 | $0 |
| Pastor Gwen Stowers | Director Trustee or director | 1 | $0 | $0 |
| Mark Novasad | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Marcella Beam | President Trustee or director, Officer | 2 | $0 | $0 |
| Doug Stafford | Director Trustee or director | 1 | $0 | $0 |
| Asha Rodriguez | Director Trustee or director | 1 | $0 | $0 |
| Erin Shoe | Director Trustee or director | 1 | $0 | $0 |
| Crystal Hill | Director Trustee or director | 1 | $0 | $0 |
| Terry Wise | Director Trustee or director | 1 | $0 | $0 |
| Jacqueline Tucker | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 258 N CANNON BLVD, KANNAPOLIS, NC 28083-3879
- In care of
- % KEVIN CHARLES
- Principal officer (990 for 2024)
- Edison McCrea, PO Box 1717, Concord, NC 280261717
- Signed the 990
- Ed Hosack, Chief Executive
- Phone
- (704) 706-9047
- Website
- www.cooperativeministry.com
- Return prepared by
- Foard and Company PA
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1320818
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Not required (church)
- Assets (IRS master file)
- $20,744,844
- Income (IRS master file)
- $8,251,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,189,880 | $7,554,575 | $20,744,844 | IRS |
| 990 | June 2024 | $15,487,410 | $6,134,428 | $21,185,926 | XML |
| 990 | June 2023 | $9,821,582 | $5,275,519 | $8,451,475 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $7,565,999 | $6,835,029 | $3,832,033 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1320818).
Questions about CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC
- What is the EIN of CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC?
- The employer identification number (EIN) of CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC is 56-1320818.
- Is CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC file?
- Form Not required (church). Churches are not required to file.
- When is the next return of CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC?
- The 990 for the year ended June 30, 2025 names Edison McCrea.
- Who are the officers and directors of CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $109,007 (Ed Hosack, Chief Executive).
- How much revenue does CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,189,880, expenses of $7,554,575 and total assets of $20,744,844 at year end.
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