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,
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35.3M
+40.1% YoY
Annual Giving
$836K
-73.6% YoY
Grant Count
14
-51.7% YoY
Avg Grant Size
$60K
-45.4% YoY
About Coalfield Development Corporation
Based on IRS filings
Coalfield Development Corporation is a nonprofit organization focused on Housing & Shelter, based in WAYNE, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35.3M in total assets. In 2024, it awarded 14 grants totaling $836K. Net investment income was $171K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,301,312 | $25,191,570 | $24,532,193 |
| Revenue | $23,383,753 | $11,631,513 | $14,692,090 |
| Expenses | $16,197,276 | $13,129,703 | $7,254,683 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $170,916 | $56,277 | $-34,636 |
| 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 10 recipients in 2024
Grant Size Distribution
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marshall University Research Corp ($212,582), Appalachain Voices ($166,999), Economic Development Greater East ($82,500).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHAIN VOICES BOONE, NC | — | $166,999 |
| BARBARA LAVALLEY BENTON KENOVA, WV | — | $9,000 |
| ECONOMIC DEVELOPMENT GREATER EAST VALLSCREEK, WV | — | $82,500 |
| GENERATION WV CHARLESTON, WV | — | $80,000 |
| HIGH ROCKS EDUCATIONAL CORPORATION HILLSBORO, WV | — | $14,500 |
| MARSHALL UNIVERSITY RESEARCH CORP HUNTINGTON, WV | — | $212,582 |
| NEW VISION RENEWABLE ENERGY PHILIPPI, WV | — | $52,500 |
| OHIO UNIVERSITY ATHENS, OH | — | $20,000 |
| RENEWALL INC HUNTINGTON, WV | — | $15,000 |
| RURAL ACTION THE PLAINS, OH | — | $5,594 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENZIE NEW-WALKER | CHAIR | 1 | — |
| JOETTA HATFIELD | VICE CHAIR | 1 | — |
| CHASE THOMAS | SECRETARY | 1 | — |
| RIC MACDOWELL | TREASURER | 1 | — |
| PHIL GRANCHI | MEMBER | 1 | — |
| ANDREW DAWSON | MEMBER | 1 | — |
| TOMMY ADKINS | MEMBER | 1 | — |
| MARILYN MCCLURE-DEMERS | MEMBER | 1 | — |
| CLIFTON MOORE | MEMBER | 1 | — |
| ASHLEY PACK | MEMBER | 1 | — |
| LARRY CASTLE | PRESIDENT EM | 1 | — |
| BRANDON M DENNISON | EXECUTIVE DI | 40 | $86,413 |
| RYAN C STONER | CHIEF OPERAT | 40 | $69,351 |
| SAM SARCONE | CFO | 40 | $86,037 |
| MARILYN WRENN | CHIEF DEVELO | 40 | $85,123 |
| JACOB I HANNAH | CEO | 40 | $100,921 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Coalfield Development Corporation?
Coalfield Development Corporation is a nonprofit organization focused on Housing & Shelter, based in WAYNE, WV. It holds $35.3M in total assets as of 2024.
How large is Coalfield Development Corporation?
As of 2024, Coalfield Development Corporation holds $35.3M in total assets with $23.4M in annual revenue. It awarded 14 grants totaling $836K in 2024.
Where does Coalfield Development Corporation operate?
Coalfield Development Corporation has awarded grants in Kentucky, North Carolina, Ohio, Oregon, Pennsylvania, Virginia, West Virginia.
What size grants does Coalfield Development Corporation award?
In 2024, Coalfield Development Corporation awarded 14 grants totaling $836K — an average of about $60K per grant, based on its IRS Form 990 filings.
What is Coalfield Development Corporation's EIN?
Coalfield Development Corporation's EIN (Employer Identification Number) is 26-3836207. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Coalfield Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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