Totals
- Total revenue
- $340,483
- Total expenses
- $483,419
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $339,996
- Investment income
- $487
- Other revenue
- $0
- Total assets, end of year
- $3,027,706
- Total liabilities, end of year
- $55,891
- Net assets or fund balances, end of year
- $2,971,815
- Program services expenses (Part IX)
- $410,694
- Management and general expenses
- $72,725
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $410,694
Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Nicole Christian
President and CEO
- Total calculated
- $175,581
- From this org
- $0
- From related orgs
- $150,138
- Other
- $25,443
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,138 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,000 related
- Nontaxable benefits
- $0 + $10,443 related
- Filer's total
- $0 + $175,581 related
-
Debra S James
CFO
- Total calculated
- $117,984
- From this org
- $0
- From related orgs
- $97,797
- Other
- $20,187
- Hours/week
- 3 + 40 related
-
Matthew Bond
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tessa White
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jack Rossi
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adam Krason
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
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 4
- The CEO of this reporting organization and its affiliate, Capital Area Development Corporation of West Virginia, entered into a mutual agreement with the organization to terminate her employment agreement effective December 31, 2023. Under the terms of the transition agreement, the organization agreed to provide severance benefits equal to four months salary and health benefits. All such payments were disbursed in early 2024 and, as such, will be reported on Form 990 for 2024.
- Schedule J, Part II
- The reporting organization has no employees and did not pay any wages. Schedule J is presented, as per instructions, to report compensation paid by a related organization. Ms. Christian served as President and CEO of both the reporting organization and the related organization. Ms. Christian's compensation paid 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
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.
-
Capital Area Development Corporation of WV
501(c)(4) · Economic Development · WV
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423129349302132
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.