Totals
- Total revenue
- $186,187
- Total expenses
- $179,554
- Contributions and grants received
- $173,900
- Grants paid
- $177,188
- Program service revenue
- $0
- Investment income
- $12,287
- Other revenue
- $0
- Total assets, end of year
- $2,160,439
- Total liabilities, end of year
- $416,477
- Net assets or fund balances, end of year
- $1,743,962
- Program services expenses (Part IX)
- $177,188
- Management and general expenses
- $2,366
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $177,188
Program services were 98.7% 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.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$150,000
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$23,900
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $12,287 · related or exempt $12,287 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $177,188 · program services $177,188
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $2,279 · program services $0 · management and general $2,279 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Bank fees
total $7 · program services $0 · management and general $7 · fundraising $0
-
24b · Other expenses: Miscellaneous
total $80 · program services $0 · management and general $80 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $263,453 · end of year $163,965
-
2 · Savings and temporary cash investments
beginning of year $1,609,457 · end of year $1,645,306
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $174,736 · end of year $151,168
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $200,000 · end of year $200,000
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $221,736 · end of year $125,536
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $288,581 · end of year $290,941
-
27 · Net assets without donor restrictions
beginning of year $1,737,329 · end of year $1,743,962
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
CADCO Foundation, Inc. provides support to programs that stimulate economic and community development with an emphasis on job creation and business retention in Charleston, WV and the surrounding area.
-
CADCO Foundation, Inc. supports the operation of a small business incubator economic development program of the Capital Area Development Corporation of West Virginia, a related non-profit organization. The business incubator lies within a federally designated HUBZone. CADCO Foundation provides grants to subsidize incubator costs and renovations not covered by tenant rents.
Expenses $177,188 · Grants $177,188 · Revenue $173,900
-
N/A
-
N/A
As filed on the 2022 return.
Listed in Part VII
-
Nicole Christian
President and CEO
- Total calculated
- $167,347
- From this org
- $0
- From related orgs
- $150,138
- Other
- $17,209
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,138 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,500 related
- Nontaxable benefits
- $0 + $9,709 related
- Filer's total
- $0 + $167,347 related
-
Debra S James
CFO
- Total calculated
- $115,532
- From this org
- $0
- From related orgs
- $96,223
- Other
- $19,309
- Hours/week
- 1 + 40 related
-
Jack Rossi
Chairman
- Total calculated
- $0
- Hours/week
- 3 + 3 related
-
Adam R Krason
Vice Chairman
- 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
-
Dominique Ranieri
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
-
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
None.
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
The filer's explanations (Part III)
- Schedule J, Part II
- The filing organization has no employees and did not pay any wages. Schedule J is presented, as per instructions, to report compensation paid by related organization, Capital Area Development Corporation of West Virginia (CADCO). Nicole Christian serves as President/CEO of both the filing organization and related organization CADCO. Compensation paid to Ms. Christian by the related organization was determined by a compensation committee and approved by the related organization's Executive Committee.
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
-
Support of business incubator
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.
-
Capital Area Development Corporation of West Virginia dba Charleston Area Alliance
501(c)(4) · Economic Development · WV
-
501(c)(6) · Economic Development · WV
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312769349301136
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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