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Nonprofiteer
← CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

Form 990 for tax year 2022

Filed by CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA.

Totals

Total revenue
$3,509,217
Total expenses
$1,481,168
Contributions and grants received
$2,553,464
Grants paid
$29,500
Program service revenue
$930,789
Investment income
$24,964
Other revenue
$0
Total assets, end of year
$7,363,815
Total liabilities, end of year
$496,640
Net assets or fund balances, end of year
$6,867,175
Program services expenses (Part IX)
$1,237,518
Management and general expenses
$154,577
Fundraising expenses
$89,073
Program service expenses (Part III)
$1,237,518

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Nicole Christian

    President & CEO

    Total calculated
    $167,347
    From this org
    $150,138
    From related orgs
    $0
    Other
    $17,209
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $150,138
    Bonus
    $0
    Other
    $0
    Deferred
    $7,500
    Nontaxable benefits
    $9,709
    Filer's total
    $167,347
  • Debra S James

    CFO

    Total calculated
    $115,532
    From this org
    $96,223
    From related orgs
    $0
    Other
    $19,309
    Hours/week
    40 + 3 related
  • Jack Rossi

    Chair

    Total calculated
    $0
    Hours/week
    3 + 3 related
  • Adam R Krason

    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
  • Christy Bly

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kenneth Boggs

    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
  • Ellen S Cappellanti

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Fonda Elliot

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David P Ferretti

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dickinson Gould III

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Allan Hathaway

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Shannon Huber

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Chris Morris

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Marcus Phillips

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kathy Richards

    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
  • George Smith

    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
  • Deno Stanley

    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
  • William E Turner Jr

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bob Welch

    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 Lance Wheeler

    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

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
3 October 2023
IRS schema version
2022v5.0
Source object
202342769349301809

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