Nonprofit · EIN 55-0680725
CADCO FOUNDATION INC
Tax-exempt · CHARLESTON, WV 25301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,545,977 | $2,268,083 | $3,277,894 | $7,500,178 | $2,443,801 | $5,056,377 |
| December 31, 2024 | 990 | $239,336 | $177,557 | $61,779 | $2,070,625 | $292,142 | $1,778,483 |
| December 31, 2023 | 990 | $16,117 | $43,375 | -$27,258 | $2,033,993 | $317,289 | $1,716,704 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,327,090
- Program service revenue
- $0
- Investment income
- $218,887
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,260,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,876
- Program services (functional)
- $2,260,000
- Management and general (functional)
- $8,083
Balance sheet and other
- Total assets, start of year
- $2,070,625
- Total assets, end of year
- $7,500,178
- Total liabilities, end of year
- $2,443,801
- Net assets, end of year
- $5,056,377
- Net assets without donor restrictions
- $5,032,414
- Net assets with donor restrictions
- $23,963
- Gross receipts
- $5,545,977
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- WV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mara C Boggs | President and CEO Officer, Key employee, Highest-paid employee | 5 | $0 | $175,138 | $4,113 |
| Debra S James | CFO Officer, Key employee, Highest-paid employee | 5 | $0 | $124,004 | $24,480 |
| Ellen S Cappellanti | Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Diane Strong | Vice Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ben Thomas | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jack Rossi | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristen Anderson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bryan Brown | Director Trustee or director | 1 | $0 | $0 | $0 |
| Nancy Bruns | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ericke Cage | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steve Collins | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kensie Hamilton Fauber | Director Trustee or director | 1 | $0 | $0 | $0 |
| David P Ferretti | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jake Glance | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Goetz | Director Trustee or director | 1 | $0 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Holtsclaw | Director Trustee or director | 1 | $0 |
| Bethany Kinder | Director Trustee or director | 1 | $0 |
| Adam R Krason | Director Trustee or director | 1 | $0 |
| Mike McCown | Director Trustee or director | 1 | $0 |
| Candace Nelson | Director Trustee or director | 1 | $0 |
| Dan Owen | Director Trustee or director | 1 | $0 |
| C Anthony Parker | Director Trustee or director | 1 | $0 |
| Marcus Phillips | Director Trustee or director | 1 | $0 |
| Martin Roth | Director Trustee or director | 1 | $0 |
| Andrew Robey | Director Trustee or director | 1 | $0 |
| Jeff Sandene | Director Trustee or director | 1 | $0 |
| John Scalzo | Director Trustee or director | 1 | $0 |
| Marc Slotnick | Director Trustee or director | 1 | $0 |
| PaulSmith | Director Trustee or director | 1 | $0 |
| Patrick Smith | Director Trustee or director | 1 | $0 |
| Aaron Sporck | Director Trustee or director | 1 | $0 |
| Tim Whittaker | Director Trustee or director | 1 | $0 |
| Jen Wood | Director Trustee or director | 1 | $0 |
| Ron Butlin | Ex-Officio Director Trustee or director | 1 | $0 |
| Mayor Amy Goodwin | Ex-Officio Director Trustee or director | 1 | $0 |
| Mayor Frank A Mullens | Ex-Officio Director Trustee or director | 1 | $0 |
| Jack W Nuckols | Ex-Officio Director Trustee or director | 1 | $0 |
| Dominique Ranieri | Ex-Officio Director Trustee or director | 1 | $0 |
| Commissioner Natalie Tennant | Ex-Officio Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 40 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Debra S James | CFO Officer, Key employee, Highest-paid employee | 5 | $0 | $138,274 | $24,307 |
| Nicole Christian | President and CEO- former Officer, Key employee, Former | 5 | $0 | $59,813 | $11,035 |
| Mara C Boggs | President and CEO from 10/01/24 Officer, Key employee | 5 | $0 | $64,726 | $19 |
| Adam R Krason | Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ellen S Cappellanti | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Matthew Bond | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tessa M White | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristen Anderson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Nancy Bruns | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert Burton | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ericke Cage | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sandy Call | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steve Collins | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kensie Hamilton Fauber | Director Trustee or director | 1 | $0 | $0 | $0 |
| David P Ferretti | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Goetz | Director Trustee or director | 1 | $0 | $0 | $0 |
| John Hebert | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mike Holtsclaw | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mike McCown | Director Trustee or director | 1 | $0 | $0 | $0 |
| Chris Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Evan Osborn | Director Trustee or director | 1 | $0 | $0 | $0 |
| C Anthony Parker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jack Rossi | Director Trustee or director | 1 | $0 | $0 | $0 |
| Marcus Phillips | Director Trustee or director | 1 | $0 | $0 | $0 |
| Martin Roth | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jeff Sandene | Director Trustee or director | 1 | $0 | $0 | $0 |
| John Scalzo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lyle Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Patrick Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Diana Sole | Director Trustee or director | 1 | $0 | $0 | $0 |
| Aaron Sporck | Director Trustee or director | 1 | $0 | $0 | $0 |
| Diane Strong-Treister | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ben Thomas | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bob Welch | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ron Butlin | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Mayor Amy Goodwin | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Mayor Frank A Mullens | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Jack W Nuckols | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Dominique Ranieri | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Commissioner Marc Slotnick | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Nicole Christian | President and CEO Officer, Key employee, Highest-paid employee | 5 | $0 | $150,138 | $25,443 |
| Debra S James | CFO Officer, Key employee | 5 | $0 | $97,797 | $20,187 |
| Adam R Krason | Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ellen S Cappellanti | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Matthew Bond | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tessa M White | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nancy Bruns | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert Burton | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ericke Cage | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sandy Call | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steve Collins | Director Trustee or director | 1 | $0 | $0 | $0 |
| Fonda Elliot | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kensie Hamilton Fauber | Director Trustee or director | 1 | $0 | $0 | $0 |
| David P Ferretti | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Goetz | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dickinson Gould III | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mike Holtsclaw | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mike McCown | Director Trustee or director | 1 | $0 | $0 | $0 |
| Chris Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Evan Osborn | Director Trustee or director | 1 | $0 | $0 | $0 |
| C Anthony Parker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Marcus Phillips | Director Trustee or director | 1 | $0 | $0 | $0 |
| Greg Rosencrance MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jack Rossi | Director Trustee or director | 1 | $0 | $0 | $0 |
| Martin Roth | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jeff Sandene | Director Trustee or director | 1 | $0 | $0 | $0 |
| John Scalzo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lyle Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Patrick Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Diana Sole | Director Trustee or director | 1 | $0 | $0 | $0 |
| Diane Strong-Treister | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ben Thomas | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bob Welch | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ron Butlin | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Mayor Amy Goodwin | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Mayor Frank A Mullens | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Jack W Nuckols | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Dominique Ranieri | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
| Commissioner Lance Wheeler | Ex-Officio Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1116 SMITH ST, CHARLESTON, WV 25301-1314
- Principal officer (990 for 2025)
- Mara C Boggs - President and CEO, 1116 Smith Street, Charleston, WV 25301
- Signed the 990
- Debra James, Chief Financial Officer
- Phone
- (304) 340-4253
Mission
CADCO Foundation, Inc. provides support to programs that stimulate economic and community development with an emphasis on job creation and business retention in Charleston, WV, Kanawha County, and the surrounding area.
Program accomplishments
- CADCO Foundation, Inc. supports the operation of a small business incubator economic development program of the Capital Area Development Corporation of West Virginia dba Charleston Area Alliance, a related non-profit organization. The business incubator lies within a federally designated HUBZone. CADCO Foundation provides grants to subsidize incubator costs and renovations not covered by tenant rents. In 2025, CADCO Foundation received grants from its non-profit affiliate, Enterprise Properties (EPI), upon dissolution of EPI and liquidation of its remaining cash assets. The funds received from EPI were deployed not only in support of the business incubator but also in support of new strategic economic development initiatives of the Charleston Area Alliance.Expenses $2,260,000 · grants $2,260,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 55-0680725
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $7,500,178
- Income (IRS master file)
- $5,545,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,545,977 | $2,268,083 | $7,500,178 | XML |
| 990 | December 2024 | $239,336 | $177,557 | $2,070,625 | XML |
| 990 | December 2023 | $16,117 | $43,375 | $2,033,993 | XML |
| 990 | December 2022 | $186,187 | $179,554 | $2,160,439 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CADCO FOUNDATION INC
- What is the EIN of CADCO FOUNDATION INC?
- The employer identification number (EIN) of CADCO FOUNDATION INC is 55-0680725.
- Is CADCO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to CADCO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CADCO FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CADCO FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CADCO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CADCO FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Mara C Boggs - President and CEO.
- Who are the officers and directors of CADCO FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 39 people; 0 received compensation from the organization.
- How much revenue does CADCO FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,545,977, expenses of $2,268,083 and total assets of $7,500,178 at year end.
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