Coalfield Development Corporation

Organization Overview

Coalfield Development Corporation is located in Wayne, WV. The organization was established in 2011. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Coalfield Development Corporation employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalfield Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Coalfield Development Corporation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 23.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Coalfield Development Corporation has awarded 33 individual grants totaling $1,248,440. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 EMPLOYEES, 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 CREATE HUNDREDS OF JOBS AND TO BE LESS GRANT-DEPENDENT AND MORE FINANCIALLY SUSTAINABLE. OUR COMMUNITIES ARE SEVERELY ECONOMICALLY DISTRESSED AS 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.


FACILITATING 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 OPPORTUNITIES FOR COMMUNITY MEMBERS. OUR NETWORK OF EMPLOYERS ENSURES OUR TRAINING IS RELEVANT TO THEIR NEEDS. THIS WAY, 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 COMMITMENT TO 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 PURSUING HIGHER EDUCATION AT THIS STAGE, TRAINEES IDENTIFY BARRIERS TO LONG-TERM EMPLOYMENT SUCCESS AND CAN 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 ARE BETTER PREPARED TO ENTER THE WORKFORCE AS A 33-6-3 CREW MEMBER OR TO BE A SUCCESSFUL EMPLOYEE OUTSIDE OF COALFIELD DEVELOPMENT.


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 COMMUNITIES 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 COMMUNITY 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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Classic Builders Inc
Construction
$128,840
Edward Tucker Architects Inc
Construction
$184,556
Ashworth Heating And Cooling
Construction
$168,606
Neighborgall Construction
Construction
$167,796
Shield Roofing And Constructio Llc
Construction
$163,222
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,184,443
All other contributions, gifts, grants, and similar amounts not included above$4,588,991
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,773,434
Total Program Service Revenue$396,882
Investment income $11,655
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$51,818
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,130,153

Grants Awarded

Over the last fiscal year, Coalfield Development Corporation has awarded $322,425 in support to 14 organizations.

Grant RecipientAmount

APPALACHIAN SUSTAINABLE DEVELOPMENT

Org PageRecipient Profile

Bristol, VA

PURPOSE: SUBWARD FOR PREP APPALACHIA

$61,502

MOUNTAIN ASSOCIATION

Org PageRecipient Profile

Berea, KY

PURPOSE: SUPPORT

$50,000

MOUNTWEST COMMUNITY & TECHNICAL COLLEGE

PURPOSE: SUB AWARD FOR DOL GRANT

$40,000

THE NEIGHBORHOOD ASSOCIATION

Org PageRecipient Profile

Ashland, KY

PURPOSE: SUBWARD FOR APPALACHIA FORWARD

$34,369

ECONOMIC DEVELOPMENT GREATER EAST INC

PURPOSE: SUBWARD FOR PREP APPALACHIA

$29,041

KEEP YOUR FAITH CORPORATION

PURPOSE: SUPPORT

$24,100
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Coalfield Development Corporation has recieved totaling $2,113,712.

Awarding OrganizationAmount
Bloomberg Family Foundation Inc

New York, NY

PURPOSE: ACCELERATE TRANSITION TO CLEAN ENERGY

$1,300,000
Mary Reynolds Babcock Foundation Incorporated

Winstonsalem, NC

PURPOSE: GENERAL OPERATING/DATA RESEARCH

$210,000
Rockefeller Philanthropy Advisors Inc

New York, NY

PURPOSE: GENERAL

$170,000
$130,329
William E Seale Family Foundation

Annapolis, MD

PURPOSE: SUPPORT 501(C)(3) ORGANIZATION.

$75,000
Greater Kanawha Valley Foundation

Charleston, WV

PURPOSE: GENERAL SUPPORT

$50,100
View Grant Recipient Profile

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