EIN 26-3836207

Coalfield Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
120
City
Year formed
2008
Most recent tax filings
2022-12-01
Description
Coalfield Development Corporation inspires growth, activates innovation, and cultivates communities of opportunity in Central Appalachia. They aim to solve the problem of generational poverty in rural communities caused by extractive mono-economies through incubation and investing in employment-based social enterprise, facilitating professional, personal, and academic development for people facing barriers to employment. They also lead and collaborate on community-based revitalization projects as a licensed general contractor. Coalfield Development Corporation is located in Wayne, WV.
Total revenues
$14,692,090
2022
Total expenses
$7,254,683
2022
Total assets
$24,532,193
2022
Num. employees
120
2022

Program areas at Coalfield Development Corporation

Incubating and investing in employment-based social enterprises: we wholly or partially own a family of employment-based social enterprises designed to diversify the regional economy to be less dependent on coal. By "employment-based" we mean enterprises that exist for the purpose of advancing the well-being of its emplyees, which we do primarily through our personal and academic Development programming. Our enterprises' successes are measured according to a triple bottom line: people, planet, profit. Revenue from our social enterprises enables our organization to create hundreds of jobs and to be less grant-dependent and more financially sustainable. Our communitites are severely economically distressed as a result of over-reliance on the coal industry. Therefore, creating new businesses is critical to realizing our vision; otherwise, our trainees and graduates would often have nowhere to put their new training and credentials to use.
Leading and collaborating on community-based revitalization projects: as a licensed general contractor, Coalfield Development can advance bold, creative projects in deep collaboration with the communitites we serve. Our projects are designed and ultimately owned by the community. We keep a project pipeline full and advance projects through this pipeline beginning with predevelopment and financing, entering into construction, and then into operation as comminity assets. Our projects are mixed-use, mixed income, meaning they blend residential and commercial purposes for a variety of different income demographics, thus also contributing to economic diversification and opportunity cultivation. Our construction crew is also a social enterprise, having 33-6-3 crew members as carpenters, rejuvenating empty buildings or former mine-lands can be a major strategy for breathing new life into our communities, preserving cultural treasurers, attracting fresh investment, providing opportunities for entrepreneurship and creating quality, affordable housing.
Faciitating professional, personal, and academic Development for people facing barriers to employment: Coalfield Development trains unemployed people in modern workforce skills. Throughout the year, we facilitate dozens of learning opportunitites for community members. Our network of employers ensures our training is relevant to their needs. This waym graduates of our training can quickly find gainful employment and our local businesses can have an effective workforce with which to grow. Our most in-depth opportunity is for the personal and academic Development of our crew members who staff our social enterprises. Crew members work our 33-6 -3 model where each week they complete 33 hours of paid work, 6 credit hours of higher education, and 3 hours of personal Development mentorship. We make up to a three-year employment commitmentto crew members as they earn an associate degree or trade certification and gain traction on life goals. Prior to becoming a crew member, people must complete a six-month course called workforce readiness and professional success (wraps). Wraps trainees are paid for 33 hours of work and three hours of professional Development each week. Instead of pursing higher education at this stage, trainees identify barries to long-term employment success an dcan spend up to four hours of their paid time each week working with our human Development staff to address these issues. After six months, wraps trainees arebetter prepared to enter the workforces as a 33-6-3 crew member or to be a successful employee outside of Coalfield Development.
Designing and scaling new programs in sustainable sectors: it is important to help people imagine what a sustainable, diversified economy can look like and how it can function. Through our program and sector Development team we are designing and scaling programs that can tangibly demonstrate what a better economy looks like. Currently, we are incubating programs in sustainable and regenerative agriculture, clean energy, deconstruction and re-use and mine land reclamation. We are also working with nonprofit partners to help build their capacity and expand their place-based workforce training programs. At the same time, we are developing a network of employers who are eager to hire our emerging workforce participants and change their own employment behaviors to be more supportive and engaged in rebuilding the appalachian economy from the ground up.

Grants made by Coalfield Development Corporation

GranteeAmount
Appalachian Sustainable Development (ASD)$82,235
Unlimited Future$75,750
Neighbors Helping Neighbors$69,506
...and 11 more grants made

Who funds Coalfield Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bloomberg PhilanthropiesAccelerate Transition To Clean Energy$9,500,000
Andrew W. Mellon FoundationTo Support Restoration Work at the Mine Wars Museum and Capital Improvements and Expanded Programming at the West Edge Factory Including A New Black Box Theater and Artist Residency Program$900,000
Claude Worthington Benedum FoundationTo Launch A First of Its Kind Climate Change Resiliency Strategy To Transform the Economy in the Coalfields Region of West Virginia As Part of the National Build Back Better Challenge (Over Three Years)$800,000
...and 20 more grants received totalling $13,321,713

Personnel at Coalfield Development Corporation

NameTitleCompensation
Brandon DennisonFounder and Executive President and Chief Executive Officer$105,588
Ryan StonerChief Operating Officer$65,887
Sam SarconeChief Financial Officer$70,137
Marilyn WrennChief Program Officer$73,302
Casey McCannChief Real Estate Officer
...and 26 more key personnel

Financials for Coalfield Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$13,943,414
Program services$783,312
Investment income and dividends$9,852
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-44,488
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,692,090

Form 990s for Coalfield Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-03-31990View PDF
2018-122021-02-05990View PDF
...and 7 more Form 990s
Data update history
August 10, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from William E Seale Family Foundation
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $200,000 from Workday Foundation
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 1 new personnel
January 3, 2024
Received grants
Identified 12 new grant, including a grant for $9,500,000 from Bloomberg Philanthropies
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
PO Box 1133
Wayne, WV 25570
Metro area
Huntington-Ashland, WV-KY-OH
County
Wayne County, WV
Website URL
coalfield-development.org/ 
Phone
(304) 501-4755
IRS details
EIN
26-3836207
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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