Form 990 for tax year 2023

Totals

Total revenue

$11,631,513

Total expenses

$13,129,703

Contributions and grants received

$10,931,379

Grants paid

$3,408,049

Program service revenue

$643,857

Investment income

$56,277

Other revenue

$0

Total assets, end of year

$25,191,570

Total liabilities, end of year

$9,139,844

Net assets or fund balances, end of year

$16,051,726

Program services expenses (Part IX)

$9,968,022

Management and general expenses

$2,947,466

Fundraising expenses

$214,215

Program service expenses (Part III)

$9,968,022

Program services were 75.9% 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.

Mission and programs · 2023

• WORKFORCE DEVELOPMENT: WE WHOLLY OR PARTIALLY OWN A FAMILY OF EMPLOYMENT- BASED SOCIAL ENTERPRISES DESIGNED TO DIVERSIFY THE REGIONAL ECONOMY TO BE LESS DEPENDENT ON COAL. BY "EMPLOYMENT-BASED" WE MEAN ENTERPRISES THAT EXIST FOR THE PURPOSE OF ADVANCING THE WELL-BEING OF ITS EMPLYEES, WHICH WE DO PRIMARILY THROUGH OUR PERSONAL AND ACADEMIC DEVELOPMENT PROGRAMMING. OUR ENTERPRISES' SUCCESSES ARE MEASURED ACCORDING TO A TRIPLE BOTTOM LINE: PEOPLE, PLANET, PROFIT. REVENUE FROM OUR SOCIAL ENTERPRISES ENABLES OUR ORGANIZATION TO CREATE HUNDREDS OF JOBS AND TO BE LESS GRANT-DEPENDENT AND MORE FINANCIALLY SUSTAINABLE. OUR COMMUNITITES ARE SEVERELY ECONOMICALLY DISTRESSED AS A RESULT OF OVER-RELIANCE ON THE COAL INDUSTRY. THEREFORE, CREATING NEW BUSINESSES IS CRITICAL TO REALIZING OUR VISION; OTHERWISE, OUR TRAINEES AND GRADUATES WOULD OFTEN HAVE NOWHERE TO PUT THEIR NEW TRAINING AND CREDENTIALS TO USE. AS A LICENSED GENERAL CONTRACTOR, COALFIELD DEVELOPMENT CAN ADVANCE BOLD,CREATIVE PROJECTS IN DEEP COLLABORATION WITH THE COMMUNITITES WE SERVE.OUR PROJECTS ARE DESIGNED AND ULTIMATELY OWNED BY THE COMMUNITY. WE KEEPA PROJECT PIPELINE FULL AND ADVANCE PROJECTS THROUGH THIS PIPELINE BEGINNING WITH PREDEVELOPMENT AND FINANCING, ENTERING INTO CONSTRUCTION,AND THEN INTO OPERATION AS COMMINITY ASSETS. OUR PROJECTS ARE MIXED-USE,MIXED INCOME, MEANING THEY BLEND RESIDENTIAL AND COMMERCIAL PURPOSES FOR A VARIETY OF DIFFERENT INCOME DEMOGRAPHICS, THUS ALSO CONTRIBUTING TO ECONOMIC DIVERSIFICATION AND OPPORTUNITY CULTIVATION. OUR CONSTRUCTION CREW IS ALSO A SOCIAL ENTERPRISE, HAVING 33-6-3 CREW MEMBERS AS CARPENTERS,REJUVENATING EMPTY BUILDINGS OR FORMER MINE-LANDS CAN BE A MAJOR STRATEGY FOR BREATHING NEW LIFE INTO OUR COMMUNITIES, PRESERVING CULTURAL TREASURERS, ATTRACTING FRESH INVESTMENT, PROVIDING OPPORTUNITIES FOR ENTREPRENEURSHIP AND CREATING QUALITY, AFFORDABLE HOUSING.

  Expenses $4,579,628 · Grants $754,396 · Revenue $590,686

• COMMUNITY AND ECONOMIC DEVELOPMENT: COALFIELD DEVELOPMENT TRAINS UNEMPLOYED PEOPLE IN MODERN WORKFORCE SKILLS. THROUGHOUT THE YEAR, WE FACILITATE DOZENS OF LEARNING OPPORTUNITITES FOR COMMUNITY MEMBERS. OUR NETWORK OF EMPLOYERS ENSURES OUR TRAINING IS RELEVANT TO THEIR NEEDS. THIS WAYM GRADUATES OF OUR TRAINING CAN QUICKLY FIND GAINFUL EMPLOYMENT AND OUR LOCAL BUSINESSES CAN HAVE AN EFFECTIVE WORKFORCE WITH WHICH TO GROW. OUR MOST IN-DEPTH OPPORTUNITY IS FOR THE PERSONAL AND ACADEMIC DEVELOPMENT OF OUR CREW MEMBERS WHO STAFF OUR SOCIAL ENTERPRISES. CREW MEMBERS WORK OUR 33-6 -3 MODEL WHERE EACH WEEK THEY COMPLETE 33 HOURS OF PAID WORK, 6 CREDIT HOURS OF HIGHER EDUCATION, AND 3 HOURS OF PERSONAL DEVELOPMENT MENTORSHIP. WE MAKE UP TO A THREE-YEAR EMPLOYMENT COMMITMENTTO CREW MEMBERS AS THEY EARN AN ASSOCIATE DEGREE OR TRADE CERTIFICATION AND GAIN TRACTION ON LIFE GOALS. PRIOR TO BECOMING A CREW MEMBER, PEOPLE MUST COMPLETE A SIX-MONTH COURSE CALLED WORKFORCE READINESS AND PROFESSIONAL SUCCESS (WRAPS). WRAPS TRAINEES ARE PAID FOR 33 HOURS OF WORK AND THREE HOURS OF PROFESSIONAL DEVELOPMENT EACH WEEK. INSTEAD OF PURSING HIGHER EDUCATION AT THIS STAGE, TRAINEES IDENTIFY BARRIES TO LONG-TERM EMPLOYMENT SUCCESS AN DCAN SPEND UP TO FOUR HOURS OF THEIR PAID TIME EACH WEEK WORKING WITH OUR HUMAN DEVELOPMENT STAFF TO ADDRESS THESE ISSUES. AFTER SIX MONTHS, WRAPS TRAINEES AREBETTER PREPARED TO ENTER THE WORKFORCES AS A 33-6-3 CREW MEMBER OR TO BE A SUCCESSFUL EMPLOYEE OUTSIDE OF COALFIELD DEVELOPMENT. IT IS IMPORTANT TO HELP PEOPLE IMAGINE WHAT A SUSTAINABLE, DIVERSIFIED ECONOMY CAN LOOK LIKE AND HOW IT CAN FUNCTION. THROUGH OUR PROGRAM AND SECTOR DEVELOPMENT TEAM WE ARE DESIGNING AND SCALING PROGRAMS THAT CAN TANGIBLY DEMONSTRATE WHAT A BETTER ECONOMY LOOKS LIKE. CURRENTLY, WE ARE INCUBATING PROGRAMS IN SUSTAINABLE AND REGENERATIVE AGRICULTURE, CLEAN ENERGY, DECONSTRUCTION AND RE-USE AND MINE LAND RECLAMATION. WE ARE ALSO WORKING WITH NONPROFIT PARTNERS TO HELP BUILD THEIR CAPACITY AND EXPAND THEIR PLACE-BASED WORKFORCE TRAINING PROGRAMS. AT THE SAME TIME, WE ARE DEVELOPING A NETWORK OF EMPLOYERS WHO ARE EAGER TO HIRE OUR EMERGING WORKFORCE PARTICIPANTS AND CHANGE THEIR OWN EMPLOYMENT BEHAVIORS TO BE MORE SUPPORTIVE AND ENGAGED IN REBUILDING THE APPALACHIAN ECONOMY FROM THE GROUND UP.

  Expenses $5,388,394 · Grants $2,653,653 · Revenue $53,171

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• INVEST APPALACHIA

  $500,000

• SOLAR HOLLER

  $500,000

• WV COMMUNITY DEVELOPMENT HUB

  $466,724

• RURAL ACTION

  $225,732

• APPALACHAIN VOICES

  $166,342

• GENERATION WV

  $160,000

• UNLIMITED FUTURE INC

  $142,389

• NEW RIVER GORGE REGIONAL DEVELOPMEN AUTHORITY'S WV HIVE

  $140,000

• MARSHALL UNIVERSITY RESEARCH CORP

  $134,447

• HIGH ROCKS EDUCATIONAL CORPORATION

  $126,000

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

11 November 2024

IRS schema version

2023v5.0

Source object

202413179349300936

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.