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
44 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
18 people listed on the 990; $127K 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.
See Coastal Area District Development Authority executive salaries →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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported 2 findings: questioned costs.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.4M | $10.2M |
| Land, buildings, equipmentLn 10c | $154K | $95K |
| Total assetsLn 16 | $23.7M | $24.1M |
| LiabilitiesLn 26 | $929K | $1.0M |
| Net assetsLn 32 | $22.8M | $23.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $135K | $83K | $52K | |
| Other salaries and wagesLn 7 | $288K | $177K | $111K | |
| Other employee benefitsLn 9 | $98K | $60K | $38K | |
| Payroll taxesLn 10 | $33K | $20K | $13K | |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $79K | $79K | ||
| Other fees for servicesLn 11g | $49K | $18K | $31K | |
| Advertising and promotionLn 12 | $14K | $14K | ||
| Office expensesLn 13 | $3K | $26 | $3K | |
| OccupancyLn 16 | $16K | $16K | ||
| TravelLn 17 | $9K | $3K | $6K | |
| Conferences, conventions and meetingsLn 19 | $11K | $611 | $10K | |
| InterestLn 20 | $15K | $6K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $60K | $525 | $60K | |
| InsuranceLn 23 | $30K | $30K | ||
| Other expenses (24a–d)Ln 24 | $45K | $19K | $27K | |
| All other expensesLn 24e | −$2K | −$2K | $296 | |
| Total functional expensesLn 25 | $886K | $387K | $498K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jan 16, 2026 | $1.4M | $937K | $493K | $23.6M | 990 PDF |
| FY2024 ViewingFiled with the IRS Jan 29, 2025 | $1.2M | $886K | $290K | $23.1M | 990 PDF |
| FY2023Filed with the IRS Jan 17, 2024 | $1.0M | $718K | $319K | $22.8M | 990 PDF |
| FY2022Filed with the IRS Feb 9, 2023 | $6.8M | $1.3M | $5.5M | $22.5M | 990 PDF |
| FY2021Filed with the IRS Jan 13, 2022 | $5.0M | $1.2M | $3.8M | $17.0M | 990 PDF |
| FY2020Filed with the IRS Jan 21, 2021 | $874K | $836K | $38K | $13.2M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,175,143 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, no flags
Part VIII · Statement of revenue $1,175,143 across 4 lines filed
Part IX · Statement of functional expenses $885,509 across 17 lines filed
Part X · Balance sheet $24,091,014 assets, 10 lines filed
Part XI · Reconciliation of net assets $23,079,221 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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