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Filing year 2024

CAPITAL AREA DEVELOPMENT CORPORATION OF WEST VIRGINIA

Charleston, West Virginia·EIN 55-6024192·4
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 · Schedule J · 3 reported individuals · Filing year 2024

Base
$133k
Bonus
$5k
Other
Benefits
$11k
President and CEO - Former
$71k
$75k
Base
$60k
Bonus
Other
Benefits
$5k
President and CEO From 10/01/24
$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.

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.
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