Nonprofit · EIN 26-3836207
COALFIELD DEVELOPMENT CORPORATION
Tax-exempt · HUNTINGTON, WV 25704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $23,383,753 | $16,197,276 | $7,186,477 | $35,301,312 | $11,973,100 | $23,328,212 |
| December 31, 2023 | 990 | $11,631,513 | $13,129,703 | -$1,498,190 | $25,191,570 | $9,139,844 | $16,051,726 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,021,084
- of which government grants
- $8,057,178
- Program service revenue
- $1,191,753
- Investment income
- $170,916
- Net gain from sales of assets
- -$102,480
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,026,468
- Compensation of officers, directors and key employees
- $465,035
- Other salaries and wages
- $5,726,416
- Salaries, compensation and benefits (total)
- $7,281,684
- Professional fundraising fees
- $0
- Legal fees
- $208,693
- Accounting fees
- $153,703
- Occupancy
- $499,153
- Travel
- $435,160
- Depreciation
- $568,376
- Program services (functional)
- $12,318,602
- Management and general (functional)
- $3,606,422
- Fundraising (functional)
- $272,252
Balance sheet and other
- Total assets, start of year
- $25,191,570
- Total assets, end of year
- $35,301,312
- Total liabilities, end of year
- $11,973,100
- Net assets, end of year
- $23,328,212
- Land, buildings and equipment
- $17,837,592
- Net assets without donor restrictions
- $20,945,666
- Net assets with donor restrictions
- $2,382,546
- Gross receipts
- $23,841,931
- Employees
- 184
- Volunteers
- 100
- Year formed
- 2008
- State of legal domicile
- WV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACOB I HANNAH | CEO Officer | 40 | $100,921 | $3,811 |
| SAM SARCONE | CFO Officer | 40 | $86,037 | $10,167 |
| MARILYN WRENN | CHIEF DEVELO Officer | 40 | $85,123 | $9,731 |
| BRANDON M DENNISON | EXECUTIVE DI Trustee or director, Officer | 40 | $86,413 | $2,595 |
| RYAN C STONER | CHIEF OPERAT Officer | 40 | $69,351 | $10,887 |
| KENZIE NEW-WALKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOETTA HATFIELD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHASE THOMAS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RIC MACDOWELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PHIL GRANCHI | MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW DAWSON | MEMBER Trustee or director | 1 | $0 | $0 |
| TOMMY ADKINS | MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN MCCLURE-DEMERS | MEMBER Trustee or director | 1 | $0 | $0 |
| CLIFTON MOORE | MEMBER Trustee or director | 1 | $0 | $0 |
| ASHLEY PACK | MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY CASTLE | PRESIDENT EM Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON M DENNISON | EXECUTIVE DI Officer | 40 | $145,500 | $11,877 |
| MARILYN WRENN | CHIEF DEVELO Officer | 40 | $96,235 | $9,981 |
| SAM SARCONE | CFO Officer | 40 | $92,943 | $10,311 |
| RYAN C STONER | CHIEF OPERAT Officer | 40 | $74,972 | $9,932 |
| KENZIE NEW-WALKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOETTA HATFIELD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHASE THOMAS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RIC MACDOWELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PHIL GRANCHI | MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW DAWSON | MEMBER Trustee or director | 1 | $0 | $0 |
| TOMMY ADKINS | MEMBER Trustee or director | 1 | $0 | $0 |
| MITZIE RUSSELL | MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN MCCLURE-DEMERS | MEMBER Trustee or director | 1 | $0 | $0 |
| KELLI JOHNSON | MEMBER Trustee or director | 1 | $0 | $0 |
| CLIFTON MOORE | MEMBER Trustee or director | 1 | $0 | $0 |
| ASHLEY PECK | MEMBER Trustee or director | 1 | $0 | $0 |
| LARRY CASTLE | PRESIDENT EM Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2923 PARK AVE, HUNTINGTON, WV 25704-2000
- In care of
- % JENNY BRUMFIELD
- Mailing address (990-N for 2011)
- PO Box 1133, Wayne WV 25570
- Principal officer (990 for 2024)
- JACOB I HANNAH, PO BOX 1133, WAYNE, WV 25570
- Principal officer (990-N for 2011)
- David Maynard, Rt 2 Box 2532, Wayne WV 25570
- Signed the 990
- JACOB I HANNAH, CEO
- Phone
- (304) 501-4755
- Return prepared by
- HESS STEWART & CAMPBELL PLLC
Mission
TO SOLVE THE PROBLEM OF GENERATIONAL POVERTY IN RURAL COMMUNITIES CAUSED BY EXTRACTIVE MONO-ECONOMIES THROUGH FOUR CORE CAPABILITIES: INCUBATION AND INVESTING IN EMPLOYMENT-BASED SOCIAL ENTERPRISE, FACILITATING PROFESSIONAL, PERSONAL, AND ACADEMIC DEBELOPMENT FOR PEOPLE FACING BARRIERS TO EMPLOYMENT,
Program accomplishments
- 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 $5,312,859 · grants $221,050 · revenue $1,106,964
- 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 $7,005,743 · grants $805,418 · revenue $84,789
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3836207
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $35,301,312
- Income (IRS master file)
- $23,841,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $23,383,753 | $16,197,276 | $35,301,312 | XML |
| 990 | December 2023 | $11,631,513 | $13,129,703 | $25,191,570 | XML |
| 990 | December 2022 | $14,692,090 | $7,254,683 | $24,532,193 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2011 Officer: David Maynard | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3836207).
Questions about COALFIELD DEVELOPMENT CORPORATION
- What is the EIN of COALFIELD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of COALFIELD DEVELOPMENT CORPORATION is 26-3836207.
- Is COALFIELD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to COALFIELD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COALFIELD DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COALFIELD DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COALFIELD DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COALFIELD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JACOB I HANNAH.
- Who are the officers and directors of COALFIELD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $100,921 (JACOB I HANNAH, CEO).
- How much revenue does COALFIELD DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $23,383,753, expenses of $16,197,276 and total assets of $35,301,312 at year end.
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