EIN 55-0680725

Cadco Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1988
Most recent tax filings
2023-12-01
Description
The Cadco Foundation supports programs that stimulate economic and community development, with a focus on job creation and business retention in Charleston, WV and the surrounding area. It also supports the operation of a small business incubator economic development program through the Capital Area Development Corporation of West Virginia. Within this federally designated program, entrepreneurs are provided with resources to help launch their businesses.
Related structure
Cadco Foundation is a subordinate organization under Charleston Area Alliance.
Total revenues
$16,117
2023
Total expenses
$43,375
2023
Total assets
$2,033,993
2023
Num. employees
0
2023

Program areas at Cadco Foundation

CADCO Foundation, Inc. supports the operation of a small business incubator economic development program of the Capital Area Development Corporation of West Virginia, 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.

Grants made by Cadco Foundation

GranteeGrant descriptionAmount
Charleston Area AllianceSupport of Small Business Incubator in A Federally Designated Hubzone$20,000

Who funds Cadco Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Greater Kanawha Valley FoundationGeneral Support$25,000
Truist West Virginia FoundationGeneral Operating$20,000
Charleston Retail Credit AssociationGeneral Support$5,000
...and 2 more grants received

Personnel at Cadco Foundation

NameTitleCompensation
Nicole ChristianPresident and Chief Executive Officer$0
Debra S JamesChief Financial Officer$0
Matthew BondTreasurer$0
Tessa M WhiteSecretary$0
Jack RossiChairman$0
...and 5 more key personnel

Financials for Cadco Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$91,617
Program services$0
Investment income and dividends$24,500
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-100,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,117

Form 990s for Cadco Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-07990View PDF
2022-122023-10-03990View PDF
2021-122022-10-25990View PDF
2020-122021-11-10990View PDF
2019-122021-12-22990View PDF
...and 9 more Form 990s
Data update history
January 4, 2025
Received grants
Identified 1 new grant, including a grant for $5,000 from Charleston Retail Credit Association
August 26, 2024
Received grants
Identified 3 new grant, including a grant for $20,000 from Truist West Virginia Foundation
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $2,200 from Bernard H and Blanche E Jacobson Foundation
November 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelEndowed supportTax deductible donationsNo full-time employees
General information
Address
1116 Smith St
Charleston, WV 25301
Metro area
Charleston, WV
County
Kanawha County, WV
Phone
(304) 340-4253
IRS details
EIN
55-0680725
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1988
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
Subordinate organization
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