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First Concord Corporation

Public charity
DBA: % LEONARD B SOSSAMON
Research & Policy · CONCORD, NC · EIN 56-1753874
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About

The corporation assists the city of concord in carrying out its governmental functions through acquisition, construction, operation and sale or lease of real estate, improvements, facilities and equipment for the use and benefit of the general public

In care of Leonard B Sossamon

Donations are tax-deductible
Category
Research & Policy
Employees
0
Volunteers
4

Financial Snapshot

FY ending 2025-06-30
Revenue
$3.8M
Expenses
$2.7M
Assets
$29.4M
Liabilities
$28.8M

Financial history

$30.3M$15.2M$0
16171819202122232425
RevenueExpenses
Latest FY2025: $3.8M · Peak FY2016: $5.2M · Avg: $3.9M
FIRST CONCORD CORPORATION
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Address

35 Cabarrus AVE W
Concord, NC, 28025-475

Governance

Voting board members4
Independent members4
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeNo
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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