Nonprofit · EIN 55-6024192
CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA
Tax-exempt · CHARLESTON, WV 25301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,538,147 | $5,942,994 | -$404,847 | $14,464,811 | $6,715,575 | $7,749,236 |
| December 31, 2024 | 990 | $2,702,121 | $1,932,206 | $769,915 | $10,716,902 | $2,562,819 | $8,154,083 |
| December 31, 2023 | 990 | $2,339,307 | $1,822,315 | $516,992 | $9,454,137 | $2,069,969 | $7,384,168 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,389,883
- of which government grants
- $1,900,883
- Program service revenue
- $1,063,598
- Investment income
- $84,666
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,063,097
- Compensation of officers, directors and key employees
- $330,312
- Other salaries and wages
- $532,046
- Salaries, compensation and benefits (total)
- $1,029,074
- Professional fundraising fees
- $0
- Legal fees
- $13,839
- Accounting fees
- $28,151
- Occupancy
- $201,389
- Travel
- $204
- Depreciation
- $246,297
- Program services (functional)
- $5,599,873
- Management and general (functional)
- $250,629
- Fundraising (functional)
- $92,492
Balance sheet and other
- Total assets, start of year
- $10,716,902
- Total assets, end of year
- $14,464,811
- Total liabilities, end of year
- $6,715,575
- Net assets, end of year
- $7,749,236
- Land, buildings and equipment
- $4,398,918
- Net assets without donor restrictions
- $5,651,435
- Net assets with donor restrictions
- $2,097,801
- Gross receipts
- $5,538,147
- Employees
- 29
- Volunteers
- 100
- Year formed
- 1963
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mara C Boggs | President and CEO Officer, Key employee, Highest-paid employee | 40 | $175,138 | $4,113 |
| Debra S James | CFO Officer, Key employee, Highest-paid employee | 40 | $124,004 | $24,480 |
| Ellen S Cappellanti | Chair Trustee or director, Officer | 3 | $0 | $0 |
| Diane Strong | Vice Chair Trustee or director, Officer | 3 | $0 | $0 |
| Ben Thomas | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jack Rossi | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kristen Anderson | Director Trustee or director | 1 | $0 | $0 |
| Bryan Brown | Director Trustee or director | 1 | $0 | $0 |
| Nancy Bruns | Director Trustee or director | 1 | $0 | $0 |
| Ericke Cage | Director Trustee or director | 1 | $0 | $0 |
| Steven Collins | Director Trustee or director | 1 | $0 | $0 |
| Kensie Hamilton Fauber | Director Trustee or director | 1 | $0 | $0 |
| Jake Glance | Director Trustee or director | 1 | $0 | $0 |
| David P Ferretti | Director Trustee or director | 1 | $0 | $0 |
| Scott Geotz | Director Trustee or director | 1 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Holtsclaw | Director Trustee or director | 1 | $0 |
| Bethany Kinder | Director Trustee or director | 1 | $0 |
| Adam R Krason | Director Trustee or director | 1 | $0 |
| Mike McCown | Director Trustee or director | 1 | $0 |
| Candace Nelson | Director Trustee or director | 1 | $0 |
| Dan Owen | Director Trustee or director | 1 | $0 |
| C Anthony Parker | Director Trustee or director | 1 | $0 |
| Marcus Phillips | Director Trustee or director | 1 | $0 |
| Martin Roth | Director Trustee or director | 1 | $0 |
| Andrew Robey | Director Trustee or director | 1 | $0 |
| Jeff Sandene | Director Trustee or director | 1 | $0 |
| John Scalzo | Director Trustee or director | 1 | $0 |
| Marc Slotnick | Director Trustee or director | 1 | $0 |
| Paul Smith | Director Trustee or director | 1 | $0 |
| Patrick Smith | Director Trustee or director | 1 | $0 |
| Aaron Sporck | Director Trustee or director | 1 | $0 |
| Tim Whittaker | Director Trustee or director | 1 | $0 |
| Jen Wood | Director Trustee or director | 1 | $0 |
| Ron Butlin | Ex-Officio Director Trustee or director | 1 | $0 |
| Mayor Amy Goodwin | Ex-Officio Director Trustee or director | 1 | $0 |
| Mayor Frank A Mullens | Ex-Officio Director Trustee or director | 1 | $0 |
| Jack W Nuckols | Ex-Officio Director Trustee or director | 1 | $0 |
| Dominique Ranieri | Ex-Officio Director Trustee or director | 1 | $0 |
| Commissioner Natalie Tennant | Ex-Officio Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Debra S James | CFO Officer, Key employee, Highest-paid employee | 40 | $138,274 | $24,307 |
| Nicole Christian | President and CEO - former Officer, Key employee, Former | 40 | $59,813 | $11,035 |
| Mara C Boggs | President and CEO from 10/01/24 Officer, Key employee | 40 | $64,726 | $19 |
| Adam R Krason | Chair Trustee or director, Officer | 3 | $0 | $0 |
| Ellen S Cappellanti | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Tessa M White | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Matthew Bond | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kristen Anderson | Director Trustee or director | 1 | $0 | $0 |
| Nancy Bruns | Director Trustee or director | 1 | $0 | $0 |
| Robert Burton | Director Trustee or director | 1 | $0 | $0 |
| Ericke Cage | Director Trustee or director | 1 | $0 | $0 |
| Sandy Call | Director Trustee or director | 1 | $0 | $0 |
| Steven Collins | Director Trustee or director | 1 | $0 | $0 |
| Kensie Hamilton Fauber | Director Trustee or director | 1 | $0 | $0 |
| David P Ferretti | Director Trustee or director | 1 | $0 | $0 |
| Scott Geotz | Director Trustee or director | 1 | $0 | $0 |
| John Hebert | Director Trustee or director | 1 | $0 | $0 |
| Michael Holtsclaw | Director Trustee or director | 1 | $0 | $0 |
| Mike McCown | Director Trustee or director | 1 | $0 | $0 |
| Chris Morris | Director Trustee or director | 1 | $0 | $0 |
| Evan Osborn | Director Trustee or director | 1 | $0 | $0 |
| C Anthony Parker | Director Trustee or director | 1 | $0 | $0 |
| Marcus Phillips | Director Trustee or director | 1 | $0 | $0 |
| Jack Rossi | Director Trustee or director | 1 | $0 | $0 |
| Martin Roth | Director Trustee or director | 1 | $0 | $0 |
| Jeff Sandene | Director Trustee or director | 1 | $0 | $0 |
| John Scalzo | Director Trustee or director | 1 | $0 | $0 |
| Lyle Smith | Director Trustee or director | 1 | $0 | $0 |
| Patrick Smith | Director Trustee or director | 1 | $0 | $0 |
| Diana Sole | Director Trustee or director | 1 | $0 | $0 |
| Aaron Sporck | Director Trustee or director | 1 | $0 | $0 |
| Diane Strong-Treister | Director Trustee or director | 1 | $0 | $0 |
| Ben Thomas | Director Trustee or director | 1 | $0 | $0 |
| Bob Welch | Director Trustee or director | 1 | $0 | $0 |
| Ron Butlin | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Mayor Amy Goodwin | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Mayor Frank A Mullens | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Dominique Ranieri | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Jack W Nuckols | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Commissioner Marc Slotnick | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nicole Christian | President & CEO Officer, Key employee, Highest-paid employee | 40 | $150,138 | $25,443 |
| Debra S James | CFO Officer, Key employee | 40 | $97,797 | $20,187 |
| Adam R Krason | Chair Trustee or director, Officer | 3 | $0 | $0 |
| Ellen S Cappellanti | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Tessa M White | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Matthew Bond | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Nancy Bruns | Director Trustee or director | 1 | $0 | $0 |
| Robert Burton | Director Trustee or director | 1 | $0 | $0 |
| Ericke Cage | Director Trustee or director | 1 | $0 | $0 |
| Sandy Call | Director Trustee or director | 1 | $0 | $0 |
| Steven Collins | Director Trustee or director | 1 | $0 | $0 |
| Fonda Elliot | Director Trustee or director | 1 | $0 | $0 |
| Kensie Hamilton Fauber | Director Trustee or director | 1 | $0 | $0 |
| David P Ferretti | Director Trustee or director | 1 | $0 | $0 |
| Scott Geotz | Director Trustee or director | 1 | $0 | $0 |
| Dickinson Gould III | Director Trustee or director | 1 | $0 | $0 |
| Michael Holtsclaw | Director Trustee or director | 1 | $0 | $0 |
| Mike McCown | Director Trustee or director | 1 | $0 | $0 |
| Chris Morris | Director Trustee or director | 1 | $0 | $0 |
| Evan Osborn | Director Trustee or director | 1 | $0 | $0 |
| C Anthony Parker | Director Trustee or director | 1 | $0 | $0 |
| Marcus Phillips | Director Trustee or director | 1 | $0 | $0 |
| Jack Rossi | Director Trustee or director | 1 | $0 | $0 |
| Martin Roth | Director Trustee or director | 1 | $0 | $0 |
| Jeff Sandene | Director Trustee or director | 1 | $0 | $0 |
| John Scalzo | Director Trustee or director | 1 | $0 | $0 |
| Lyle Smith | Director Trustee or director | 1 | $0 | $0 |
| Patrick Smith | Director Trustee or director | 1 | $0 | $0 |
| Diana Sole | Director Trustee or director | 1 | $0 | $0 |
| Diane Strong-Treister | Director Trustee or director | 1 | $0 | $0 |
| Ben Thomas | Director Trustee or director | 1 | $0 | $0 |
| Bob Welch | Director Trustee or director | 1 | $0 | $0 |
| Ron Butlin | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Mayor Amy Goodwin | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Mayor Frank A Mullens | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Dominique Ranieri | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Jack W Nuckols | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
| Greg Rosencrance MD | Director Trustee or director | 1 | $0 | $0 |
| Commissioner Lance Wheeler | Ex-Officio Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1116 SMITH ST, CHARLESTON, WV 25301-1314
- Principal officer (990 for 2025)
- Mara C Boggs - President and CEO, 1116 Smith Street, Charleston, WV 25301
- Signed the 990
- Debra James, Chief Financial Officer
- Phone
- (304) 340-4253
Mission
Capital Area Development Corporation of West Virginia dba Charleston Area Alliance serves as a catalyst for change for Charleston, Kanawha County, and the surrounding area, leading with innovative and collaborative approaches to shape a prosperous economy that fosters growth and attracts people and investment. We are a community and economic development organization that connects businesses, entrepreneurs and young talent with the resources needed to succeed. Our strategic initiatives stimulate job creation, attract new industries, bolster the region's economic resilience, and support energetic and effective local efforts to renew our capital city as strong and vibrant.
Program accomplishments
- Economic Development - We drive sustainable growth in target industries by advancing innovation, fostering strategic partnerships, and increasing visibility. Programs and projects focus on: business recruitment, expansion and retention by providing site selection assistance, facilitating foreign direct investment, assisting with import/export needs, supporting innovation, research and development, linking suppliers and customers to promote local economic growth; talent attraction and retention through promoting workforce development opportunities, providing talent attraction incentives to increase population, hosting an internship program; encouraging public investment in supportive infrastructure, and developing entrepreneurial networks and support systems. In 2023, the organization began a major real estate redevelopment project, the Charleston Lift Center, funded by a federal grant matched with other public and private support. Capitalized redevelopment costs as of 12/31/25 were $2,778,640. In support of the Ascend West Virginia Charleston Area Remote Work Location, the Alliance pledged the sum of $3 million over five years, recorded at net present value in financial statements and in this return. The Alliance contributed $1 million to the West Virginia Department of Tourism in support of their Air Services Agreement.Expenses $4,532,206 · grants $3,891,847 · revenue $342,201
- Operation of Business Incubator - Program supports entrepreneurial and small business development. Goals include: increasing awareness of the incubator as an available resource for entrepreneurs in the local area; providing low cost office space for entrepreneurs and start-ups; linking tenant entrepreneurs to available consulting services; providing central location for small business referrals to partners and support systems; increased visibility for entrepreneurs through networking and professional development opportunities. The Alliance began an Incubator Modernization project in 2025 which resulted in capitalized upgrades of $365,252 as of year end.Expenses $449,489 · revenue $220,056
- Community Development - We work diligently to increase our natural and built assets through sustainable redevelopment initiatives as we continue to support the transformation of our County's downtowns into vibrant hubs for community engagement and economic activity. Programs include: stimulating new housing growth in downtown Charleston; providing advisory and resource development services to the City Center Business Improvement District; supporting arts and culture throughout Kanawha County; elevating small businesses with targeted grant opportunities; inspiring young professionals to become more impactful community, business and political leaders in our community through Leadership Kanawha Valley; collaborating with Kanawha County and other partners to develop the Upper Kanawha Valley, enhancing infrastructure, promoting local businesses, and leveraging tourism efforts to advance the outdoor economy.Expenses $405,928 · grants $158,000 · revenue $119,672
- Member and investor services foster strong relationships, provide valuable resources, and attract the investment needed to sustain and grow the organization's operations. Benefits and opportunities provided to member businesses include networking, professional development, referrals and communication.Expenses $212,250 · revenue $381,670
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 | 990 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
- 55-6024192
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,464,811
- Income (IRS master file)
- $5,538,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,538,147 | $5,942,994 | $14,464,811 | XML |
| 990 | December 2024 | $2,702,121 | $1,932,206 | $10,716,902 | XML |
| 990 | December 2023 | $2,339,307 | $1,822,315 | $9,454,137 | XML |
| 990 | December 2022 | $3,509,217 | $1,481,168 | $7,363,815 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 55-6024192).
Questions about CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA
- What is the EIN of CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA?
- The employer identification number (EIN) of CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA is 55-6024192.
- Is CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1963.
- Are donations to CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA 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 CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA?
- The 990 for the year ended December 31, 2025 names Mara C Boggs - President and CEO.
- Who are the officers and directors of CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA?
- The 990 for the year ended December 31, 2025 lists 39 people; 2 received compensation from the organization, the highest $175,138 (Mara C Boggs, President and CEO).
- How much revenue does CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,538,147, expenses of $5,942,994 and total assets of $14,464,811 at year end.
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