Form 990 for tax year 2024
Filed by CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA.
Totals
- Total revenue
- $2,702,121
- Total expenses
- $1,932,206
- Contributions and grants received
- $1,403,481
- Grants paid
- $210,800
- Program service revenue
- $1,165,331
- Investment income
- $133,309
- Other revenue
- $0
- Total assets, end of year
- $10,716,902
- Total liabilities, end of year
- $2,562,819
- Net assets or fund balances, end of year
- $8,154,083
- Program services expenses (Part IX)
- $1,468,250
- Management and general expenses
- $401,773
- Fundraising expenses
- $62,183
- Program service expenses (Part III)
- $1,468,250
Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Debra S James
CFO
- Total calculated
- $162,581
- From this org
- $138,274
- From related orgs
- $0
- Other
- $24,307
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $133,274
- Bonus
- $5,000
- Other
- $0
- Deferred
- $13,790
- Nontaxable benefits
- $10,517
- Filer's total
- $162,581
-
Nicole Christian
President and CEO - former
- Total calculated
- $70,848
- From this org
- $59,813
- From related orgs
- $0
- Other
- $11,035
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $59,813
- Bonus
- $0
- Other
- $0
- Deferred
- $5,981
- Nontaxable benefits
- $5,054
- Filer's total
- $70,848
-
Mara C Boggs
President and CEO from 10/01/24
- Total calculated
- $64,745
- From this org
- $64,726
- From related orgs
- $0
- Other
- $19
- Hours/week
- 40 + 5 related
-
Adam R Krason
Chair
- Total calculated
- $0
- Hours/week
- 3 + 3 related
-
Ellen S Cappellanti
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tessa M White
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew Bond
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kristen Anderson
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nancy Bruns
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert Burton
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ericke Cage
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sandy Call
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven Collins
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kensie Hamilton Fauber
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David P Ferretti
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Scott Geotz
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John Hebert
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael Holtsclaw
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike McCown
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chris Morris
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Evan Osborn
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
C Anthony Parker
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marcus Phillips
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jack Rossi
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Martin Roth
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff Sandene
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John Scalzo
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lyle Smith
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Patrick Smith
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Diana Sole
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Aaron Sporck
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Diane Strong-Treister
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ben Thomas
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bob Welch
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ron Butlin
Ex-Officio Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mayor Amy Goodwin
Ex-Officio Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mayor Frank A Mullens
Ex-Officio Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dominique Ranieri
Ex-Officio Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jack W Nuckols
Ex-Officio Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Commissioner Marc Slotnick
Ex-Officio Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 4
- Former President and CEO, Nicole Christian, resigned effective 12/31/23 and received severance benefits which were disbursed in January 2024.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
TC Energy
$50,000
Economic development grant to assist with development of and relocation to new office building in downtown Charleston
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.
-
501(c)(3) · Economic Development · WV · controlled entity
-
501(c)(6) · Economic Development · WV · controlled entity
-
Interregional Chamber of Commerce Inc
501(c)(6) · Business League · WV · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503089349303670
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.