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Filing year 2024

CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

Charleston, West Virginia·EIN 55-6024192·501(c)(4)
Total revenue
$2.7M
Total assets
$10.7M
Total expenses
$1.9M
Reported officers
40
Mission

Capital Area Development Corporation of West Virginia dba Charleston Area Alliance serves as a catalyst for change for Charleston, Kanawha County, and the surrounding area, leading with innovative and collaborative approaches to shape a prosperous economy that fosters growth and attracts people and investment. We are a community and economic development organization that connects businesses, entrepreneurs and young talent with the resources needed to succeed. Our strategic plan will stimulate job creation, attract new industries, bolster the region's economic resilience, and support energetic and effective local efforts to renew our capital city as strong and vibrant.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CFO
Median to 75th percentile
$163k
$172k
Base
$133k
Bonus
$5k
Other
Benefits
$11k
President and CEO - Former
25th percentile to median
$71k
$75k
Base
$60k
Bonus
Other
Benefits
$5k
President and CEO From 10/01/24
25th percentile to median
$65k
$69k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 37 unpaid individuals.

Down 7%
from 2023

From $176k in 2023 to $163k in 2024.

$176k
2023
$163k
2024
In today's dollarsEst.
Down 10% in real terms$192k to $172k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 38% from 2023 to 2024, while revenue rose 16%.

$118k in 2023 to $163k in 2024.
  • Chief Executive Officer pay fell 60% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.3M
$1.8M
2023
$2.7M
$1.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

What does the Chief Financial Officer of CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA earn?

In 2024, the Chief Financial Officer of CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA received $162,581 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Financial Officer at CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA falls between the median and the 75th percentile.

What are CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA's revenue and expenses?

In 2024, CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA reported $2.7M in total revenue and $1.9M in total expenses on its IRS Form 990.

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