CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA Charity Report

Public IRS 990 nonprofit record

CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

EIN 55-6024192 · Homeowners & Tenants Associations (L50)

What they do

Capital Area Development Corporation of West Virginia Dba Charleston Area Alliance Serves As A Catalyst for Change for Charleston, Kanawha County, and The Surrounding Area, Leading With Innovative and Collaborative Approaches to Shape A Prosperous Economy That Fosters Growth and Attracts People and Investment. We Are A Community and Economic Development Organization That Connects Businesses, Entrepreneurs and Young Talent With The Resources Needed to Succeed. Our Strategic Plan Will Stimulate Job Creation, Attract New Industries, Bolster The Regions Economic Resilience, and Support Energetic and Effective Local Efforts to Renew Our Capital City As Strong and Vibrant.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

54.34%of revenue went to mission work76.0% of expenses · Program services

2.30%of revenue went to fundraising3.2% of expenses

$71.51spent for every $100 of revenueRevenue covered expenses this year.

14.87%of revenue went to management and office costs20.8% of expenses

$5.55in assets for every $1 spent this yearSome assets cannot be spent right away.

51.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $162,581 for DEBRA S JAMES (CFO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,702,121

Mission workProgram services$1,468,25054.34% of revenue76.0% of expenses

ManagementOffice and general costs$401,77314.87% of revenue20.8% of expenses

FundraisingAsking for donations$62,1832.30% of revenue3.2% of expenses

Revenue left after expensesReported annual surplus$769,91528.49% of revenueShown in gray on the chart

Total expenses$1,932,20671.51% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.0% mission · 20.8% management · 3.2% fundraisingTotal expenses: 71.51% of revenue

2023Expense mix: 85.4% mission · 9.8% management · 4.8% fundraisingTotal expenses: 77.90% of revenue

2022Expense mix: 83.6% mission · 10.4% management · 6.0% fundraisingTotal expenses: 42.21% of revenue

2021Expense mix: 79.0% mission · 14.2% management · 6.8% fundraisingTotal expenses: 92.10% of revenue

2020Expense mix: 85.3% mission · 7.5% management · 7.1% fundraisingTotal expenses: 96.74% of revenue

Money in and money out

Revenue$2,702,121

Expenses$1,932,206

Annual surplus $769,915 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,468,250 · 76.0% of expenses

Management and office costs$401,773 · 20.8% of expenses

Fundraising$62,183 · 3.2% of expenses

See all reported dollar amounts

Revenue$2,702,121

Expenses$1,932,206

Assets$10,716,902

Income$2,702,121

Contributions$1,403,481

Mission work (program services)$1,468,250

Fundraising$62,183

Grants given$291,372

Average grant$145,686

Management and general$401,773

Accounting fees$19,821

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DEBRA S JAMESCFO · 40 hrs/week $162,581Base $138,274 · Other $24,307

NICOLE CHRISTIANPRESIDENT AND CEO - FORMER · 40 hrs/week $70,848Base $59,813 · Other $11,035

MARA C BOGGSPRESIDENT AND CEO FROM 10/01/24 · 40 hrs/week $64,745Base $64,726 · Other $19

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (40)

DEBRA S JAMESCFO

NICOLE CHRISTIANPRESIDENT AND CEO - FORMER

MARA C BOGGSPRESIDENT AND CEO FROM 10/01/24

NANCY BRUNSDIRECTOR

KRISTEN ANDERSONDIRECTOR

LYLE SMITHDIRECTOR

MARCUS PHILLIPSDIRECTOR

MARTIN ROTHDIRECTOR

MATTHEW BONDTREASURER

MAYOR AMY GOODWINEX-OFFICIO DIRECTOR

MAYOR FRANK A MULLENSEX-OFFICIO DIRECTOR

MICHAEL HOLTSCLAWDIRECTOR

MIKE MCCOWNDIRECTOR

KENSIE HAMILTON FAUBERDIRECTOR

PATRICK SMITHDIRECTOR

ROBERT BURTONDIRECTOR

RON BUTLINEX-OFFICIO DIRECTOR

SANDY CALLDIRECTOR

SCOTT GEOTZDIRECTOR

STEVEN COLLINSDIRECTOR

TESSA M WHITESECRETARY

DOMINIQUE RANIERIEX-OFFICIO DIRECTOR

ADAM R KRASONCHAIR

BEN THOMASDIRECTOR

BOB WELCHDIRECTOR

C ANTHONY PARKERDIRECTOR

CHRIS MORRISDIRECTOR

COMMISSIONER MARC SLOTNICKEX-OFFICIO DIRECTOR

DAVID P FERRETTIDIRECTOR

DIANA SOLEDIRECTOR

DIANE STRONG-TREISTERDIRECTOR

AARON SPORCKDIRECTOR

ELLEN S CAPPELLANTIVICE CHAIR

ERICKE CAGEDIRECTOR

EVAN OSBORNDIRECTOR

JACK ROSSIDIRECTOR

JACK W NUCKOLSEX-OFFICIO DIRECTOR

JEFF SANDENEDIRECTOR

JOHN HEBERTDIRECTOR

JOHN SCALZODIRECTOR

About this charity

Recognized since: January 1963
Location: 1116 SMITH ST, CHARLESTON, WV 25301-1314
County: Kanawha
In care of: Debra James
Primary officer: Debra James, Chief Financial Officer

How to reach them

WebsiteVisit the charity’s website Phone(304) 340-4253

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes