Overview

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Est.

2008

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

COALFIELD DEVELOPMENT CORPORATION is a nonprofit focused on housing services, community improvement, and shelter and residential care in Central Appalachia. Its mission centers on employment-based social enterprise, community-based revitalization, and development for people facing barriers to employment, and in 2024 it operated with a $15.2M budget and $23.4M in total revenue. Top funders included THE BLOOMBERG FAMILY FOUNDATION INC, CLAUDE WORTHINGTON BENEDUM FOUNDATION, and NEW VENTURE FUND.

Mission Statement

INSPIRING THE COURAGE TO GROW, ACTIVATING THE CREATIVITY TO INNOVATE, AND CULTIVATING COMMUNITIES OF OPPORTUNITY IN CENTRAL APPALACHIA THROUGH THREE CORE CAPABILITIES:EMPLOYMENT-BASED SOCIAL ENTERPRISE, COMMUNITY-BASED REVITALIZATION, AND DEVELOPMENT FOR PEOPLE FACING BARRIERS TO EMPLOYMENT.
Revenues
$23.4M
Expenses
$16.2M
Net Income:
+$7.2M
Assets
$35.3M
Liabilities
$12M
Net Assets:
+$23.3M
Operating Budget
$15.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
20
Median grant size
$107.7K
Largest grant received
$10M
J
Jacob I Hannah
Board Member
B
Brandon M Dennison
Board Member
S
Sam Sarcone
Board Member
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  • 53 funders
  • 36 board & team members
  • 13 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is COALFIELD DEVELOPMENT CORPORATION’s budget?
In 2024, COALFIELD DEVELOPMENT CORPORATION reported an annual operating budget of around $15.2 million. More detailed financial information is available to registered users.
What causes does COALFIELD DEVELOPMENT CORPORATION support?
COALFIELD DEVELOPMENT CORPORATION supports work in Community improvement, Shelter and residential care, and Housing services.
Where does COALFIELD DEVELOPMENT CORPORATION operate?
COALFIELD DEVELOPMENT CORPORATION is headquartered in Wayne, WV.
Who funded COALFIELD DEVELOPMENT CORPORATION recently?
In 2025, COALFIELD DEVELOPMENT CORPORATION received grants from Workday Foundation, FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC, and Whitehill Family Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant COALFIELD DEVELOPMENT CORPORATION received in 2024?
The largest grant to COALFIELD DEVELOPMENT CORPORATION in 2024 exceeds $10 million.
What is COALFIELD DEVELOPMENT CORPORATION’s reliance on government grants?
COALFIELD DEVELOPMENT CORPORATION relied on government grants for more than 30% of their total revenue in 2024.