Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
41 cents of each dollar spent went to programs.
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
16 people listed on the 990; $131K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Andrew Standard | — | — | — | $165,688 | $168,131 | $168,131 |
| Terrence Louk | $126,900 | $126,900 | $131,288 | — | — | — |
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
Provides loans and services to support economic development in coastal areas.
Questions for Coastal Area District Development Authority
Your first name shows with your question. Coastal Area District Development Authority answers here, for everyone.
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Cadda provides loan funding through revolving loan funds to companies within the coastal georgia area that will result in a positive economic impact and the creation of jobs.
Nonpublic funds are unrestricted funds generated primarily through charges for loan services provided by cadda.
Cadda provides funding through the intermediary relending program for new businesses at reasonable interest rates designated to provide assistance for businesses in rural areas.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.0M | $8.4M |
| Land, buildings, equipmentLn 10c | $187K | $154K |
| Total assetsLn 16 | $23.5M | $23.7M |
| LiabilitiesLn 26 | $1.0M | $929K |
| Net assetsLn 32 | $22.5M | $22.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $135K | $91K | $44K | |
| Other salaries and wagesLn 7 | $217K | $145K | $71K | |
| Other employee benefitsLn 9 | $102K | $64K | $39K | |
| Payroll taxesLn 10 | $28K | $18K | $9K | |
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $86K | $86K | ||
| Other fees for servicesLn 11g | $32K | $6K | $26K | |
| Advertising and promotionLn 12 | $12K | $2K | $9K | |
| Office expensesLn 13 | $3K | $229 | $3K | |
| OccupancyLn 16 | $14K | $68 | $14K | |
| TravelLn 17 | $7K | $226 | $6K | |
| Conferences, conventions and meetingsLn 19 | $11K | $3K | $8K | |
| InterestLn 20 | $21K | $12K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $57K | $525 | $56K | |
| InsuranceLn 23 | $26K | $26K | ||
| Other expenses (24a–d)Ln 24 | $39K | $24K | $16K | |
| All other expensesLn 24e | −$76K | −$78K | $2K | |
| Total functional expensesLn 25 | $718K | $292K | $425K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.4M | $937K | $493K | $23.6M | 990 PDF |
| FY2024 | $1.2M | $886K | $290K | $23.1M | 990 PDF |
| FY2023 Viewing | $1.0M | $718K | $319K | $22.8M | 990 PDF |
| FY2022 | $6.8M | $1.3M | $5.5M | $22.5M | 990 PDF |
| FY2021 | $5.0M | $1.2M | $3.8M | $17.0M | 990 PDF |
| FY2020 | $874K | $836K | $38K | $13.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,036,906 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $1,036,906 across 4 lines filed
Part IX · Statement of functional expenses $717,642 across 17 lines filed
Part X · Balance sheet $23,718,712 assets, 10 lines filed
Part XI · Reconciliation of net assets $22,789,587 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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