Coalfield Development Corporation FY2021 filing

Tax-deductible

Huntington, WV501(c)(3)Since 2008HousingEIN 26-3836207

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Inspiring the courage to grow, activating the creativity to innovate, and cultivating communities of opportunity in central appalachia through three core capabilities:employment-based social enterprise, community-based revitalization, and Development for people facing barriers to employment.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$302K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $3.4M a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$302K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $62K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.1M
+13% vs prior year
Spent
$5.4M
To programs
80%
Net assets
$10.1M
By yearFY2020–FY2024
Revenue
$7.1M
FY2021▲ +13%
Revenue by fiscal year
FY2020$6.3M
FY2021$7.1M
FY2022$14.7M
FY2023$11.6M
FY2024$23.4M
Expenses
$5.4M
FY2021▲ +32%
Expenses by fiscal year
FY2020$4.1M
FY2021$5.4M
FY2022$7.3M
FY2023$13.1M
FY2024$16.2M
Net assets
$10.1M
FY2021▲ +21%
Net assets by fiscal year
FY2020$8.4M
FY2021$10.1M
FY2022$17.5M
FY2023$16.1M
FY2024$23.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $4.3M Management & general 16% · $863K Fundraising 4% · $218K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $302K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$89,391Pt VII · Sec A
Chief Development Officer
$72,834Pt VII · Sec A
Chief Financial Officer
$72,267Pt VII · Sec A
Chief Operating Officer
$67,578Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Jacob I Hannah’s $101K as CEO is at the 4th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brandon M Dennison$86,413$145,500$105,588——
Jacob I Hannah$100,921————
Marilyn Wrenn$85,123$96,235$73,302$72,834$63,672
Brandon Dennison———$89,391$94,673
Sam Sarcone$86,037$92,943$70,137$72,267$61,248
Ryan C Stoner$69,351$74,972$65,887$67,578$62,313

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Coalfield Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering people in Central Appalachia through job training, community revitalization, and social enterprises.

Provided by the organization

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3 programs · $3.5M · in their own filed words · FY2021
01

Incubating and investing in employment-based social enterprises: we wholly or partially own a family of employment-based social enterprises designed to diversify the regional economy to be less dependent on coal.

$1.5Mprogram expense
02

Leading and collaborating on community-based revitalization projects: as a licensed general contractor, coalfield development can advance bold, creative projects in deep collaboration with the communities we serve. Our projects are designed and ultimately owned by the community.

$974Kprogram expense
03

Facilitating professional, personal, and academic development for people facing barriers to employment: coalfield development trains unemployed people in modern workforce skills. Throughout the year, we facilitate dozens of learning opportunities for community members.

$972Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
RedfFY2025$50K
Total grants receivedfrom 3 funders$62K
See all 3 funders →
Grants paid · 84 grants · $5.7M · 2020–2024
Appalachain VoicesFY2024$166,999
Generation West Virginia INCWV · FY2024$80,000
Step by Step INCWV · FY2024$72,500
Stepping Stones INCWV · FY2024$30,000
Ohio UniversityOH · FY2024$20,000
Renewall INCWV · FY2024$15,000
Barbara Lavalley BentonFY2024$9,000
Rural Action INCOH · FY2024$5,594
Solar HollerFY2023$500,000
Invest Appalachia INCNC · FY2023$500,000
Rural Action INCOH · FY2023$225,732
See all 84 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Gifts and grantsLn 1h$6.8M
Fees for servicesLn 2g$397K
Investment incomeLn 3$12K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.3M
Managementcol C$863K
Fundraisingcol D$218K
Owns and owesPt X
$10.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$14.3M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.8M
Government grantsLn 1e$2.2M
Fees for servicesLn 2g$397K
Investment incomeLn 3$12K
Gains on assetsLn 7−$52K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$516K
SavingsLn 2$625K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$127K
Land, buildings, equipmentLn 10c$9.8M
Other assetsLn 15$129K
Total assetsLn 16$14.3M
LiabilitiesLn 26$4.2M
Net assetsLn 32$10.1M
OperationsPt I, VI
EmployeesI 5110
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.6M$1.1M
InvestmentsLn 11–13$102K$127K
Land, buildings, equipmentLn 10c$8.4M$9.8M
Total assetsLn 16$11.4M$14.3M
LiabilitiesLn 26$3.0M$4.2M
Net assetsLn 32$8.4M$10.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$760K$760K
Pay of current officers, directors and key staffLn 5$318K$241K$62K$15K
Other salaries and wagesLn 7$1.6M$1.2M$311K$76K
Other employee benefitsLn 9$474K$360K$92K$23K
Payroll taxesLn 10$213K$161K$41K$10K
Legal feesLn 11b$38K$31K$6K$2K
Accounting feesLn 11c$127K$0$127K$0
Other fees for servicesLn 11g$259K$154K$23K$82K
Advertising and promotionLn 12$114K$50K$64K$0
OccupancyLn 16$214K$209K$5K$0
TravelLn 17$135K$117K$19K$210
InterestLn 20$75K$49K$26K$0
Depreciation, depletion and amortizationLn 22$308K$271K$31K$6K
InsuranceLn 23$76K$68K$7K$1K
Other expenses (24a–d)Ln 24$269K$234K$34K$1K
All other expensesLn 24e$397K$381K$15K$1K
Total functional expensesLn 25$5.4M$4.3M$863K$218K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23.4M$16.2M$7.2M$23.3M 990 PDF
FY2023 $11.6M$13.1M−$1.5M$16.1M 990 PDF
FY2022 $14.7M$7.3M$7.4M$17.5M 990 PDF
FY2021 Viewing $7.1M$5.4M$1.8M$10.1M 990 PDF
FY2020 $6.3M$4.1M$2.2M$8.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $7,130,153 across 7 lines filed
VIII-1e Government grants$2,184,443
VIII-1f All other contributions, gifts and grants$4,588,991
VIII-1h Total contributions, gifts and grants$6,773,434
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$396,882
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $11,655$11,655
VIII-7 Net gain or loss on sales of assetsRelated to mission −$51,818 · Unrelated business $0 · Excluded from tax $0−$51,818
VIII-12 Total revenueRelated to mission $345,064 · Unrelated business $0 · Excluded from tax $11,655$7,130,153
Part IX · Statement of functional expenses $5,379,122 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $760,445$760,445
IX-5 Pay of current officers, directors and key staffPrograms $241,035 · Management $61,831 · Fundraising $15,151$318,017
IX-7 Other salaries and wagesPrograms $1,213,115 · Management $311,193 · Fundraising $76,255$1,600,563
IX-9 Other employee benefitsPrograms $359,605 · Management $92,247 · Fundraising $22,604$474,456
IX-10 Payroll taxesPrograms $161,312 · Management $41,380 · Fundraising $10,141$212,833
IX-11b Legal feesPrograms $30,753 · Management $5,766 · Fundraising $1,922$38,441
IX-11c Accounting feesPrograms $0 · Management $127,040 · Fundraising $0$127,040
IX-11g Other fees for servicesPrograms $153,765 · Management $23,179 · Fundraising $81,975$258,919
IX-12 Advertising and promotionPrograms $50,132 · Management $64,107 · Fundraising $0$114,239
IX-16 OccupancyPrograms $208,738 · Management $5,343 · Fundraising $0$214,081
IX-17 TravelPrograms $116,751 · Management $18,522 · Fundraising $210$135,483
IX-20 InterestPrograms $49,310 · Management $25,899 · Fundraising $0$75,209
IX-22 Depreciation, depletion and amortizationPrograms $270,595 · Management $30,917 · Fundraising $6,127$307,639
IX-23 InsurancePrograms $68,020 · Management $6,712 · Fundraising $1,330$76,062
IX-24 Other expenses (24a–d)Programs $233,703 · Management $33,821 · Fundraising $1,452$268,976
IX-24e All other expensesPrograms $381,067 · Management $14,562 · Fundraising $1,090$396,719
IX-25 Total functional expensesPrograms $4,298,346 · Management $862,519 · Fundraising $218,257$5,379,122
Part X · Balance sheet $14,261,514 assets, 17 lines filed
Asset lines not itemized here account for $62,345; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $463,631$515,999
X-2 Savings and temporary cash investmentsStart of year $1,172,749$624,695
X-3 Pledges and grants receivableStart of year $1,076,023$2,889,839
X-4 Accounts receivableStart of year $18,125$26,205
X-8 Inventories for sale or useStart of year $0$59,853
X-9 Prepaid expenses and deferred chargesStart of year $23,648$63,307
X-10c Land, buildings and equipment, netStart of year $8,358,506$9,763,196
X-13 Program-related investmentsStart of year $102,420$127,438
X-15 Other assetsStart of year $105,935$128,637
X-16 Total assetsStart of year $11,386,447$14,261,514
X-17 Accounts payable and accrued expensesStart of year $391,353$912,941
X-19 Deferred revenueStart of year $171,068$322,280
X-26 Total liabilitiesStart of year $3,031,290$4,155,326
X-27 Net assets without donor restrictionsStart of year $6,422,068$7,226,543
X-28 Net assets with donor restrictionsStart of year $1,933,089$2,879,645
X-32 Total net assets or fund balancesStart of year $8,355,157$10,106,188
X-33 Total liabilities and net assetsStart of year $11,386,447$14,261,514
Part XI · Reconciliation of net assets $10,106,188 net assets at year end
XI-1 Total revenue$7,130,153
XI-2 Total expenses$5,379,122
XI-3 Revenue less expenses$1,751,031
XI-4 Net assets at start of year$8,355,157
XI-10 Net assets at end of year$10,106,188

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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