Capital Area Development Corporation of West Virginia
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 plan will 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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$10.7M
+13.4% YoY
Annual Giving
$50K
Grant Count
1
Avg Grant Size
$50K
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,716,902 | $9,454,137 | $7,363,815 |
| Revenue | $2,702,121 | $2,339,307 | $3,509,217 |
| Expenses | $1,932,206 | $1,822,315 | $1,481,168 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $133,309 | $110,608 | $24,964 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Capital Area Development Corporation of West Virginia fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Debra S James | CFO | 40 | $138,274 |
| Nicole Christian | President and CEO - former | 40 | $59,813 |
| Mara C Boggs | President and CEO from 10/01/24 | 40 | $64,726 |
| Adam R Krason | Chair | 3 | — |
| Ellen S Cappellanti | Vice Chair | 1 | — |
| Tessa M White | Secretary | 1 | — |
| Matthew Bond | Treasurer | 1 | — |
| Kristen Anderson | Director | 1 | — |
| Nancy Bruns | Director | 1 | — |
| Robert Burton | Director | 1 | — |
| Ericke Cage | Director | 1 | — |
| Sandy Call | Director | 1 | — |
| Steven Collins | Director | 1 | — |
| Kensie Hamilton Fauber | Director | 1 | — |
| David P Ferretti | Director | 1 | — |
| Scott Geotz | Director | 1 | — |
| John Hebert | Director | 1 | — |
| Michael Holtsclaw | Director | 1 | — |
| Mike McCown | Director | 1 | — |
| Chris Morris | Director | 1 | — |
| Evan Osborn | Director | 1 | — |
| C Anthony Parker | Director | 1 | — |
| Marcus Phillips | Director | 1 | — |
| Jack Rossi | Director | 1 | — |
| Martin Roth | Director | 1 | — |
| Jeff Sandene | Director | 1 | — |
| John Scalzo | Director | 1 | — |
| Lyle Smith | Director | 1 | — |
| Patrick Smith | Director | 1 | — |
| Diana Sole | Director | 1 | — |
| Aaron Sporck | Director | 1 | — |
| Diane Strong-Treister | Director | 1 | — |
| Ben Thomas | Director | 1 | — |
| Bob Welch | Director | 1 | — |
| Ron Butlin | Ex-Officio Director | 1 | — |
| Mayor Amy Goodwin | Ex-Officio Director | 1 | — |
| Mayor Frank A Mullens | Ex-Officio Director | 1 | — |
| Dominique Ranieri | Ex-Officio Director | 1 | — |
| Jack W Nuckols | Ex-Officio Director | 1 | — |
| Commissioner Marc Slotnick | Ex-Officio Director | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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