Cadco Foundation Inc
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, Kanawha County, and the surrounding area.
Cadco Foundation Inc at a glance
In short: Cadco Foundation Inc gave $2.3M across 1 grant in 2025 (avg $2.3M), mostly in West Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $2,260,000
- +1175.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,260,000
- +1175.5% vs 2024
- Median grant
- $2,260,000
- Total assets
- $7,500,178
- +262.2% vs 2024
- Primary geography
- West Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Cadco Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Capital Area Development Corporation of West Virginia dba Charleston Area Alliance ($2.3M).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 6 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Cadco Foundation Inc gives
- Giving grew 1175% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2023) to $2.3M (2025). In 2025 it made 1 grant totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Capital Area Development Corporation of West Virginia dba Charleston Area Alliance Charleston, WV | Support of small business incubator operated by a non-profit related organization, and funding for other economic development initiatives which will encourage workforce relocation into the community and facilitate community revitalization. | $2,260,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $7,500,178 | $5,545,977 | $2,268,083 | $2,260,000 | 1 | $218,887 |
| 2024 | $2,070,625 | $239,336 | $177,557 | $177,188 | 1 | $28,098 |
| 2023 | $2,033,993 | $16,117 | $43,375 | $20,000 | 1 | $-75,500 |
| 2022 | $2,160,439 | $186,187 | $179,554 | $177,188 | 1 | $12,287 |
| 2021 | $2,247,646 | $220,254 | $236,396 | $232,188 | 2 | $9,240 |
| 2020 | $2,263,903 | $249,086 | $258,230 | $205,688 | 1 | $20,186 |
About Cadco Foundation Inc
Based on IRS filings
Cadco Foundation Inc is a public charity focused on Community Improvement & Capacity Building, based in Charleston, WV. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.5M in total assets. In 2025, it awarded 1 grant totaling $2.3M. Net investment income was $219K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Cadco Foundation Inc is led by Mara C Boggs, President & CEO since 2025 (on filings since 2024); none of the 39 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mara C Boggs
President & CEO
President & CEO From → President & CEO, 2025
On filings since 2024
5 hrs/week
No compensation reported
Ellen S Cappellanti
Chair
Director → Vice Chair, 2023
Vice Chair → Chair, 2025
On filings since 2020
3 hrs/week
No compensation reported
Adam R Krason
Director
Vice Chairman → Chairman, 2023
Chairman → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
David P Ferretti
Director
On filings since 2020
1 hr/week
No compensation reported
Jack W Nuckols
Ex-Officio Director
On filings since 2020
1 hr/week
No compensation reported
Jeff Sandene
Director
On filings since 2020
1 hr/week
No compensation reported
Marcus Phillips
Director
On filings since 2020
1 hr/week
No compensation reported
Martin Roth
Director
On filings since 2020
1 hr/week
No compensation reported
Mayor Amy Goodwin
Ex-Officio Director
On filings since 2020
1 hr/week
No compensation reported
Mayor Frank A Mullens
Ex-Officio Director
On filings since 2020
1 hr/week
No compensation reported
John Scalzo
Director
Directir → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Nancy Bruns
Director
On filings since 2021
1 hr/week
No compensation reported
Dominique Ranieri
Ex-Officio Director
On filings since 2022
1 hr/week
No compensation reported
Ericke Cage
Director
On filings since 2022
1 hr/week
No compensation reported
Patrick Smith
Director
On filings since 2022
1 hr/week
No compensation reported
C Anthony Parker
Director
On filings since 2023
1 hr/week
No compensation reported
Kensie Hamilton Fauber
Director
On filings since 2023
1 hr/week
No compensation reported
Mike Holtsclaw
Director
On filings since 2023
1 hr/week
No compensation reported
Mike McCown
Director
On filings since 2023
1 hr/week
No compensation reported
Ron Butlin
Ex-Officio Director
On filings since 2023
1 hr/week
No compensation reported
Scott Goetz
Director
On filings since 2023
1 hr/week
No compensation reported
Steve Collins
Director
On filings since 2023
1 hr/week
No compensation reported
Aaron Sporck
Director
On filings since 2024
1 hr/week
No compensation reported
Kristen Anderson
Director
On filings since 2024
1 hr/week
No compensation reported
Andrew Robey
Director
New on the 2025 filing
1 hr/week
No compensation reported
Bethany Kinder
Director
New on the 2025 filing
1 hr/week
No compensation reported
Bryan Brown
Director
New on the 2025 filing
1 hr/week
No compensation reported
Candace Nelson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Commissioner Natalie Tennant
Ex-Officio Director
New on the 2025 filing
1 hr/week
No compensation reported
Dan Owen
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jake Glance
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jen Wood
Director
New on the 2025 filing
1 hr/week
No compensation reported
Marc Slotnick
Director
New on the 2025 filing
1 hr/week
No compensation reported
PaulSmith
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tim Whittaker
Director
New on the 2025 filing
1 hr/week
No compensation reported
Ben Thomas
Secretary
Director → Secretary, 2025
On filings since 2020
1 hr/week
No compensation reported
Debra S James
CFO
On filings since 2020
5 hrs/week
No compensation reported
Jack Rossi
Treasurer
Chairman → Director, 2023
Director → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Diane Strong
Vice Chair
New on the 2025 filing
3 hrs/week
No compensation reported
Former officers (39)
- Former: Bob Welch (2020–2024) — Director
- Former: Chris Morris (2020–2024) — Director
- Former: Diane Strong-Treister (2020–2024) — Director
- Former: Lyle Smith (2020–2024) — Director
- Former: Matthew Bond (2020–2024) — Treasurer
- Former: Tessa M White (2020–2024) — Secretary
- Former: Nicole Christian (2021–2024) — President & Ceo- Former
- Former: Robert Burton (2021–2024) — Director
- Former: Sandy Call (2022–2024) — Director
- Former: Diana Sole (2023–2024) — Director
- Former: Evan Osborn (2023–2024) — Director
- Former: Commissioner Marc Slotnick (2024) — Ex-Officio Director
- Former: John Hebert (2024) — Director
- Former: Dickinson Gould III (2020–2023) — Director
- Former: Commissioner Lance Wheeler (2021–2023) — Ex-Officio Director
- Former: Fonda Elliot (2021–2023) — Director
- Former: Greg Rosencrance MD (2023) — Director
- Former: Allan Hathaway (2020–2022) — Director
- Former: Deno Stanley (2020–2022) — Director
- Former: George Smith (2020–2022) — Director
- Former: Kathy Richards (2020–2022) — Director
- Former: Kenneth Boggs (2020–2022) — Director
- Former: William E Turner Jr. (2020–2022) — Director
- Former: Christy Bly (2021–2022) — Director
- Former: Shannon Huber (2021–2022) — Director
- Former: Andrew Jordan (2020–2021) — Ex-Officio Director
- Former: B Matt Coleman (2020–2021) — Director
- Former: Daniel J Lauffer (2020–2021) — Director
- Former: Steven M Rubin (2020–2021) — Former President & CEO
- Former: Steven S Robey (2020–2021) — Director
- Former: Christy Elliott (2020) — Secretary
- Former: Commissioner Ben Salango (2020) — Ex-Officio Director
- Former: Eric Hicks (2020) — Director
- Former: Greg Elliot (2020) — Vice Chairman · Filing note: Deceased
- Former: Julia Gonzalez (2020) — Director
- Former: Matthew G Ballard (2020) — President & CEO to Aug
- Former: Philip A Wright (2020) — Director
- Former: Steven Hedrick (2020) — Chairman
- Former: Tim O'Neal (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cadco Foundation Inc
How much does Cadco Foundation Inc give each year?
Cadco Foundation Inc gave $2.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $177K across 1 grant.
How large is Cadco Foundation Inc?
Cadco Foundation Inc reported $7.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.5M.
What is Cadco Foundation Inc?
Cadco Foundation Inc is a public charity focused on Community Improvement & Capacity Building, based in Charleston, WV. It holds $7.5M in total assets as of 2025.
Where does Cadco Foundation Inc operate?
Cadco Foundation Inc has awarded grants in West Virginia.
What is Cadco Foundation Inc's EIN?
Cadco Foundation Inc's EIN (Employer Identification Number) is 55-0680725. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 25, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 3, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 4, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Cadco Foundation Inc's focus areas in our free grants database
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Figures come from Cadco Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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