Coalfield Development Corporation FY2022 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.
72¢ of each $1 spent went to programs.
$315K 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

FY2022 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$315K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
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
$7.0M
28% of total assets
Looks good: liabilities are 28% 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
$14.7M
+106% vs prior year
Spent
$7.3M
To programs
72%
Net assets
$17.5M
By yearFY2020–FY2024
Revenue
$14.7M
FY2022▲ +106%
Revenue by fiscal year
FY2020$6.3M
FY2021$7.1M
FY2022$14.7M
FY2023$11.6M
FY2024$23.4M
Expenses
$7.3M
FY2022▲ +35%
Expenses by fiscal year
FY2020$4.1M
FY2021$5.4M
FY2022$7.3M
FY2023$13.1M
FY2024$16.2M
Net assets
$17.5M
FY2022▲ +74%
Net assets by fiscal year
FY2020$8.4M
FY2021$10.1M
FY2022$17.5M
FY2023$16.1M
FY2024$23.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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

72 cents of each dollar spent went to programs.

Program services 72% · $5.2M Management & general 26% · $1.9M Fundraising 2% · $163K

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

15 people listed on the 990; $315K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$105,588Pt VII · Sec A
Chief Develo
$73,302Pt VII · Sec A
$70,137Pt VII · Sec A
Chief Operat
$65,887Pt 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.

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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 program services account for $3.4M of program spending, described in the organization's own filed words · FY2022.
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.

$1.7Mprogram 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 communitites we serve. Our projects are designed and ultimately owned by the community.

$1.1Mprogram expense
03

Faciitating 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 opportunitites for community members.

$484Kprogram expense

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$14.7M
Ln 12
Gifts and grantsLn 1h$13.9M
Fees for servicesLn 2g$783K
Investment incomeLn 3$10K
Money outPt IX
$7.3M
Ln 25
Programscol B$5.2M
Managementcol C$1.9M
Fundraisingcol D$163K
Owns and owesPt X
$17.5M
net assets · Ln 32
Cash and savingsLn 1–2$10.3M
Total assetsLn 16$24.5M
LiabilitiesLn 26$7.0M
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.9M
Government grantsLn 1e$2.7M
Noncash giftsLn 1g$194K
Fees for servicesLn 2g$783K
Investment incomeLn 3$10K
Gains on assetsLn 7−$44K
Total revenueLn 12$14.7M
Assets in detailPt X, end of year
CashLn 1$550K
SavingsLn 2$9.7M
Cash and savings togetherLn 1–2$10.3M
InvestmentsLn 11–13$481K
Land, buildings, equipmentLn 10c$11.2M
Other assetsLn 15$228K
Total assetsLn 16$24.5M
LiabilitiesLn 26$7.0M
Net assetsLn 32$17.5M
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 FY22End FY22
Cash and savingsLn 1–2$1.1M$10.3M
InvestmentsLn 11–13$127K$481K
Land, buildings, equipmentLn 10c$9.8M$11.2M
Total assetsLn 16$14.3M$24.5M
LiabilitiesLn 26$4.2M$7.0M
Net assetsLn 32$10.1M$17.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$340K$258K$65K$17K
Other salaries and wagesLn 7$2.5M$1.6M$735K$123K
Other employee benefitsLn 9$209K$159K$40K$10K
Payroll taxesLn 10$241K$183K$46K$12K
Legal feesLn 11b$61K$49K$12K
Accounting feesLn 11c$92K$92K
Other fees for servicesLn 11g$204K$96K$108K
Advertising and promotionLn 12$109K$29K$80K
OccupancyLn 16$327K$291K$37K
TravelLn 17$243K$159K$84K
InterestLn 20$128K$58K$69K
Depreciation, depletion and amortizationLn 22$413K$185K$228K
InsuranceLn 23$102K$41K$61K
Other expenses (24a–d)Ln 24$921K$721K$199K
All other expensesLn 24e$183K$145K$38K
Total functional expensesLn 25$7.3M$5.2M$1.9M$163K

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 Viewing $14.7M$7.3M$7.4M$17.5M 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $14,692,090 across 8 lines filed
VIII-1e Government grants$2,747,277
VIII-1f All other contributions, gifts and grants$11,196,137
VIII-1g Noncash contributions (included above)$194,140
VIII-1h Total contributions, gifts and grants$13,943,414
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $783,312$783,312
VIII-3 Investment incomeExcluded from tax $9,852$9,852
VIII-7 Net gain or loss on sales of assetsRelated to mission −$44,488−$44,488
VIII-12 Total revenueRelated to mission $738,824 · Excluded from tax $9,852$14,692,090
Part IX · Statement of functional expenses $7,254,683 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,180,488$1,180,488
IX-5 Pay of current officers, directors and key staffPrograms $258,191 · Management $64,547 · Fundraising $16,986$339,724
IX-7 Other salaries and wagesPrograms $1,644,081 · Management $734,869 · Fundraising $123,437$2,502,387
IX-9 Other employee benefitsPrograms $158,678 · Management $39,670 · Fundraising $10,439$208,787
IX-10 Payroll taxesPrograms $183,447 · Management $45,862 · Fundraising $12,069$241,378
IX-11b Legal feesPrograms $48,715 · Management $12,179$60,894
IX-11c Accounting feesManagement $91,779$91,779
IX-11g Other fees for servicesPrograms $96,008 · Management $108,062$204,070
IX-12 Advertising and promotionPrograms $28,941 · Management $80,417$109,358
IX-16 OccupancyPrograms $290,917 · Management $36,546$327,463
IX-17 TravelPrograms $159,080 · Management $83,525$242,605
IX-20 InterestPrograms $58,450 · Management $69,182$127,632
IX-22 Depreciation, depletion and amortizationPrograms $185,461 · Management $227,613$413,074
IX-23 InsurancePrograms $41,083 · Management $60,634$101,717
IX-24 Other expenses (24a–d)Programs $721,430 · Management $199,079$920,509
IX-24e All other expensesPrograms $144,764 · Management $38,054$182,818
IX-25 Total functional expensesPrograms $5,199,734 · Management $1,892,018 · Fundraising $162,931$7,254,683
Part X · Balance sheet $24,532,193 assets, 18 lines filed
Asset lines not itemized here account for $154,455; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $515,999$549,660
X-2 Savings and temporary cash investmentsStart of year $624,695$9,709,666
X-3 Pledges and grants receivableStart of year $2,889,839$2,041,116
X-4 Accounts receivableStart of year $26,205$26,673
X-8 Inventories for sale or useStart of year $59,853$59,053
X-9 Prepaid expenses and deferred chargesStart of year $63,307$69,693
X-10c Land, buildings and equipment, netStart of year $9,763,196$11,213,170
X-13 Program-related investmentsStart of year $127,438$480,516
X-15 Other assetsStart of year $128,637$228,191
X-16 Total assetsStart of year $14,261,514$24,532,193
X-17 Accounts payable and accrued expensesStart of year $912,941$784,689
X-19 Deferred revenueStart of year $322,280$2,997,725
X-24 Unsecured notes and loans payableStart of year $64,111$80,105
X-26 Total liabilitiesStart of year $4,155,326$6,988,598
X-27 Net assets without donor restrictionsStart of year $7,226,543$7,644,172
X-28 Net assets with donor restrictionsStart of year $2,879,645$9,899,423
X-32 Total net assets or fund balancesStart of year $10,106,188$17,543,595
X-33 Total liabilities and net assetsStart of year $14,261,514$24,532,193
Part XI · Reconciliation of net assets $17,543,595 net assets at year end
XI-1 Total revenue$14,692,090
XI-2 Total expenses$7,254,683
XI-3 Revenue less expenses$7,437,407
XI-4 Net assets at start of year$10,106,188
XI-10 Net assets at end of year$17,543,595

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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