Cba Fund EIN 82-4272195 Form 990 (PDF) Claim this org

Cba Fund

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Empowers nonprofits offering safe, affordable loans and credit building for low-income individuals. For fiscal year 2024 it reported $546K in revenue, $932K in expenses, and $3.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Washington, DC
Website
www.creditbuildersalliance.org
Filings
5 on file (2020–2024)
Revenue
$546KFY2024
Expenses
$932K
Net assets
$3.5M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-4272195 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers nonprofits offering safe, affordable loans and credit building for low-income individuals.
Leadership
Jack Brummel · Chair
Money in and out
$546K revenue, $932K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$932K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$386K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
12.6mo
months of highly liquid reserves at operating expense rate▼ -74% vs prior filing year
Surplus margin
-71%
revenue over expenses, this year▼ -289% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$546K
FY2024▼ -59%
Expenses
$932K
FY2024▲ +12%
Total assets
$5.3M
FY2024▼ -11%
Total liabilities
$1.7M
FY2024▼ -14%
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$932K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$386K
Total assetsPt X · Ln 16$5.3M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCba Fund
EINHdr · item D82-4272195
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.creditbuildersalliance.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary -
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dara Duguay’s $51K as CEO is at the 38th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Cba Fund executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $769K of program spending, described in the organization's own filed words · FY2024.
01

Cba fund provides loan capital and small operating grants for nonprofits interested in adding a new consumer loan to their portfolio or EXPANDING/IMPROVING an existing consumer loan.

$769Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$327K · 60%
Program service revenue$158K · 29%
Investment income$61K · 11%
Contributions & grants60%$327K
Program service revenue29%$158K
Investment income11%$61K
— government grantsLn 1e$324K
Total revenueLn 12$546K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$769K
Management & general18%$164K
Total functional expensesLn 25$932K

Balance Sheet

Part X · end of year
CashLn 1$978K
Total assetsLn 16$5.3M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$3.5M
Months of cash on handcomputed12.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $978K · Operating expenses/yr $932K
12.6 months
Where the money goes
Program services
Program services $769K · Total expenses $932K
82%
Management & General
Management & general $164K · Total expenses $932K
18%
Fundraising
Fundraising $0 · Total expenses $932K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $748K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $327K · Total revenue $546K
60%
Government reliance
Government grants $324K · Total revenue $546K
59%
Earned-income share
Program service revenue $158K · Total revenue $546K
29%
Investment reliance
Investment income $61K · Total revenue $546K
+11%
Program self-sufficiency
Program service revenue $158K · Total expenses $932K
17%
Growth & trend
Revenue growth (YoY)
This year $546K · Prior year $1.3M
-59%
Revenue CAGR
FY2020 $1.9M · FY2024 $546K
-27%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $546K · Expenses $932K
-71%
Liabilities-to-Assets
Total liabilities — · Total assets $5.3M
Net-asset ratio
Net assets $3.5M · Total assets $5.3M
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jack Brummel · Reported title CHAIR · Highest reported compensation $0 · Total expenses $932K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $434K · Total expenses $932K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -59%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Impactassets INCFY2023$360K
Total grants receivedfrom 3 funders$1.1M
See all 3 funders →
Grants paid · 73 grants · $1.6M · 2020–2024
Community First FundPA · FY2024$16,125
Northwest Access FundWA · FY2024$15,000
BetterfiTN · FY2024$15,000
Solitas House INCFL · FY2024$10,875
One Percent for America INCMA · FY2024$10,000
The Fountain FundVA · FY2024$8,000
National Asian American CoalitionCA · FY2024$8,000
Kc Unidos Federal Credit UnionFY2024$8,000
The Capital Good FundRI · FY2024$8,000
Lending Solutions LLCFY2024$5,500
See all 73 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$546K revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$1.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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