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 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.
Capital Area Development Corporation of West Virginia at a glance
In short: Capital Area Development Corporation of West Virginia gave $3.9M across 3 grants in 2025 (avg $1.3M), mostly in West Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $3,854,347
- +7608.7% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $1,284,782
- +2469.6% vs 2024
- Median grant
- $1,000,000
- Total assets
- $14,464,811
- +35.0% 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 Capital Area Development Corporation of West Virginia funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was West Virginia University Foundation ($2.8M). Together the top 3 received $3.9M.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2022) to $3.9M (2025). In 2025 it made 3 grants totaling $3.9M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| West Virginia University Foundation Morgantown, WV | Net present value of 5 year pledge of support for Ascend West Virginia Charleston Area Remote Work Location | $2,829,347 |
| West Virginia Department of Tourism Charleston, WV | Contribution to Air Services Agreement | $1,000,000 |
| The City of Charleston WV Charleston, WV | BID contribution Hearts of Our Neighborhood Trash Bin Project | $25,000 |
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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 | $14,464,811 | $5,538,147 | $5,942,994 | $3,854,347 | 3 | $84,666 |
| 2024 | $10,716,902 | $2,702,121 | $1,932,206 | $50,000 | 1 | $133,309 |
| 2023 | $9,454,137 | $2,339,307 | $1,822,315 | $49,298 | Total only | $110,608 |
| 2022 | $7,363,815 | $3,509,217 | $1,481,168 | $2,000 | Total only | $24,964 |
| 2021 | $5,342,160 | $1,468,428 | $1,352,357 | — | — | $397 |
| 2020 | $5,241,912 | $1,682,291 | $1,627,482 | $241,372 | 1 | $1,157 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Capital Area Development Corporation of West Virginia
Based on IRS filings
Capital Area Development Corporation of West Virginia is a public charity, based in Charleston, WV. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $14.5M in total assets. In 2025, it awarded 3 grants totaling $3.9M. Net investment income was $85K.
Leadership & Key People
Officers and directors from IRS filings
Capital Area Development Corporation of West Virginia is led by Mara C Boggs, President & CEO since 2025 (on filings since 2024); 2 of 39 officers listed in 2025 are compensated.
Officers on the 2025 filing
Mara C Boggs
President & CEO
President & CEO From → President & CEO, 2025
On filings since 2024
40 hrs/week
$65K (2024) → $175K (2025)
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 Chair → Chair, 2023
Chair → 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
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
Michael 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 Geotz
Director
On filings since 2023
1 hr/week
No compensation reported
Steven 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
Paul Smith
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
Debra S James
CFO
On filings since 2020
40 hrs/week
$93K (2020) → $124K (2025)
Ben Thomas
Secretary
Director → Secretary, 2025
On filings since 2020
1 hr/week
No compensation reported
Jack Rossi
Treasurer
Chair → 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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $175K, to Mara C Boggs (President and CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Capital Area Development Corporation of West Virginia
How much does Capital Area Development Corporation of West Virginia give each year?
Capital Area Development Corporation of West Virginia gave $3.9M across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $50K across 1 grant.
What is Capital Area Development Corporation of West Virginia's typical grant size?
Capital Area Development Corporation of West Virginia's median grant in 2025 was $1,000,000, and its average grant was $1,284,782, across 3 grants on its 2025 IRS Form 990.
Where does Capital Area Development Corporation of West Virginia give grants?
Capital Area Development Corporation of West Virginia gives mostly in West Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Charleston, WV (2 grants).
Does Capital Area Development Corporation of West Virginia give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Capital Area Development Corporation of West Virginia's 2025 IRS Form 990 were described as general or operating support.
How large is Capital Area Development Corporation of West Virginia?
Capital Area Development Corporation of West Virginia reported $14.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.5M.
What is Capital Area Development Corporation of West Virginia's EIN?
Capital Area Development Corporation of West Virginia's EIN (Employer Identification Number) is 55-6024192. 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
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 10, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS August 14, 2026)
- 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)
- IRS filings on file for fiscal years 2020–2024
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