Overview
What is Capital Area Development Corporation Of West Virginia?
Capital Area Development Corporation of West Virginia, often referred to as Charleston Area Alliance, is a nonprofit organization based in Charleston, West Virginia. Its primary focus is on fostering economic development by supporting local businesses, aiding in recruitment and retention, and promoting growth. They provide site selection assistance, assist with foreign direct investment, and help with import/export needs. Moreover, they encourage innovation, research, and development, link suppliers and customers, and promote workforce development opportunities. Additionally, they advocate for public investment in supportive infrastructure and develop entrepreneurial networks and support systems, ultimately working towards creating a thriving community and prosperous economy, with a total of 11 employees.
Official website here: www.charlestonareaalliance.org
Is Capital Area Development Corporation Of West Virginia legitimate?
Capital Area Development Corporation Of West Virginia is a legitimate nonprofit organization registered as a 501(c)(4) entity. Capital Area Development Corporation Of West Virginia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $284,705
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,682
For more financial information, click here
Official website here: www.charlestonareaalliance.org
What is the mission statement of Capital Area Development Corporation Of West Virginia?
The Capital Area Development Corporation of West Virginia is dedicated to promoting economic and community development. Their mission involves encouraging local business growth, creating jobs, and attracting and retaining industries. They strive to foster a more vibrant community and a prosperous economy. Their activities encompass providing site selection assistance, facilitating foreign direct investment, assisting with import/export needs, supporting innovation, and developing entrepreneurial networks. Their goal is to enhance the local economy through various initiatives and investments in supportive infrastructure.
Official website here: www.charlestonareaalliance.org
Who is the CEO of Capital Area Development Corporation Of West Virginia?
Nicole Christian-President And is the President & Ceo of Capital Area Development Corporation Of West Virginia. The CEO's salary of Capital Area Development Corporation Of West Virginia is $150,138 and their total compensation is $167,347.
Official website here: www.charlestonareaalliance.org
What is the revenue of Capital Area Development Corporation Of West Virginia?
Capital Area Development Corporation Of West Virginia's revenue in 2022 was $3,509,217.
Official website here: www.charlestonareaalliance.org
Who are the executives of Capital Area Development Corporation Of West Virginia and what are their salaries?
The average compensation at Capital Area Development Corporation Of West Virginia during 2022 was $58,035. There are 11 employees and 100 volunteers at Capital Area Development Corporation Of West Virginia.
Here are 37 key members and their salaries (Capital Area Development Corporation Of West Virginia's CEO's salary is $150,138 and their total compensation is $167,347):
- Compensation: $150,138
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Official website here: www.charlestonareaalliance.org
Where can I find the form 990 for Capital Area Development Corporation Of West Virginia?
Capital Area Development Corporation Of West Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charlestonareaalliance.org
Learn more at the official website: www.charlestonareaalliance.org
Mission Statement of Capital Area Development Corporation Of West Virginia
Capital Area Development Corporation of West Virginia, in its mission, strives to foster a thriving community and a robust economy. This nonprofit organization takes on a multifaceted role, engaging in various economic and community development initiatives. It actively encourages the growth of local businesses, stimulates job creation, aids in industry recruitment, and supports the retention of existing industries. By doing so, Capital Area Development Corporation of West Virginia aims to establish a more dynamic and prosperous economic landscape. The organization also offers member support initiatives, working tirelessly to promote innovation, research, and development, and establishing connections between suppliers and customers. Furthermore, it supports workforce development opportunities, encourages public investment in essential infrastructure, and nurtures entrepreneurial networks and support systems, thereby contributing to the overall development and prosperity of the community.
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Impact
October, 2024
Capital Area Development Corporation of West Virginia fosters economic growth and community development through a variety of targeted initiatives. By focusing on business recruitment, expansion, and retention, the organization provides essential support for local businesses, ensuring that they have the resources needed to thrive.
Their contributions include offering site selection assistance, facilitating foreign investment, and supporting import/export operations. This not only helps local businesses grow but also attracts new industries to the region, thereby creating jobs and boosting the economy.
Furthermore, the organization emphasizes workforce development by promoting training and educational opportunities that prepare residents for emerging job markets. Encouraging public investment in infrastructure and developing entrepreneurial networks are also key components of their mission, helping to lay the groundwork for sustained economic development.
Overall, the work of the Capital Area Development Corporation enhances the vibrancy of the community and contributes significantly to building a prosperous local economy, making Charleston and surrounding areas more attractive for both businesses and residents.
This information is meant to be a general summary of Capital Area Development Corporation Of West Virginia. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,964
- Program Service Revenue: $930,789
- Gross Receipts: $3,865,014
Assets and Liabilities:
- Total Assets: $7,363,815
- Total Liabilities: $496,640
- Net Assets: $6,867,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$310,001
Rents-Business Incubator
Revenue
$187,707
Rents-Motion Industries
Revenue
$213,970
Enterprise Properties Management Fee
Revenue
$60,000
Economic/Community Development Programs
Revenue
$159,111
Organization Details
Founding Year
1963
Phone
(304) 340-4253Principal Officer
Nicole Christian-President And
Main Address
1116 Smith Street, Charleston, WV, 25301
NTEE Category
Code: S31 - Community improvement
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