Cba Fund FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Human ServicesEIN 82-4272195

Cba fund's mission is to expand the capacity of nonprofits that provide safe and affordable small dollar consumer loans and credit building products to low and moderate income individuals.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $696K a year · 45% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
48 mo
of spending, in cash
Looks good: 47.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1.1M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-1% vs prior year
Spent
$832K
To programs
87%
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$1.3M
FY2023▼ -1%
Revenue by fiscal year
FY2020$1.9M
FY2021$2.7M
FY2022$1.3M
FY2023$1.3M
FY2024$546K
Expenses
$832K
FY2023▼ -12%
Expenses by fiscal year
FY2020$961K
FY2021$625K
FY2022$947K
FY2023$832K
FY2024$932K
Net assets
$3.9M
FY2023▲ +14%
Net assets by fiscal year
FY2020$982K
FY2021$3.0M
FY2022$3.4M
FY2023$3.9M
FY2024$3.5M

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $722K Management & general 13% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$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 2168 $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 →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers nonprofits offering safe, affordable loans and credit building for low-income individuals.

Provided by the organization

This section is blank until Cba Fund claims this page.

Know this organization? Claim it to add your story

1 program service account for $722K of program spending, described in the organization's own filed words · FY2023.
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.

$722Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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 →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$114K
Fees for servicesLn 2g$46K
Money outPt IX
$832K
Ln 25
Programscol B$722K
Managementcol C$110K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$5.9M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$46K
Investment incomeLn 3$114K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$127K
SavingsLn 2$3.2M
Cash and savings togetherLn 1–2$3.3M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$5.9M
LiabilitiesLn 26$2.0M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.4M$3.3M
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$3.9M$5.9M
LiabilitiesLn 26$438K$2.0M
Net assetsLn 32$3.4M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$184K$184K
Pay of current officers, directors and key staffLn 5$109K$109K
Other salaries and wagesLn 7$284K$284K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$30K$30K
Payroll taxesLn 10$32K$32K
Accounting feesLn 11c$18K$10K$7K
Other fees for servicesLn 11g$25K$10K$15K
Office expensesLn 13$15K$15K
Information technologyLn 14$12K$10K$2K
OccupancyLn 16$38K$35K$3K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$64K$64K
Total functional expensesLn 25$832K$722K$110K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $546K$932K−$386K$3.5M 990 PDF
FY2023 Viewing $1.3M$832K$495K$3.9M 990 PDF
FY2022 $1.3M$947K$397K$3.4M 990 PDF
FY2021 $2.7M$625K$2.0M$3.0M 990 PDF
FY2020 $1.9M$961K$930K$982K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,327,110 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,167,305
VIII-1h Total contributions, gifts and grants$1,167,305
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,780$45,780
VIII-3 Investment incomeExcluded from tax $114,025$114,025
VIII-12 Total revenueRelated to mission $45,780 · Excluded from tax $114,025$1,327,110
Part IX · Statement of functional expenses $832,128 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $183,700$183,700
IX-5 Pay of current officers, directors and key staffPrograms $109,096$109,096
IX-7 Other salaries and wagesPrograms $283,678$283,678
IX-8 Pension plan contributionsPrograms $4,054$4,054
IX-9 Other employee benefitsPrograms $29,760$29,760
IX-10 Payroll taxesPrograms $32,381$32,381
IX-11c Accounting feesPrograms $10,292 · Management $7,306$17,598
IX-11g Other fees for servicesPrograms $9,911 · Management $15,000$24,911
IX-13 Office expensesPrograms $14,625$14,625
IX-14 Information technologyPrograms $10,194 · Management $1,550$11,744
IX-16 OccupancyPrograms $34,648 · Management $3,164$37,812
IX-20 InterestManagement $5,089$5,089
IX-22 Depreciation, depletion and amortizationManagement $2,550$2,550
IX-23 InsuranceManagement $11,000$11,000
IX-24 Other expenses (24a–d)Management $64,130$64,130
IX-25 Total functional expensesPrograms $722,339 · Management $109,789 · Fundraising $0$832,128
Part X · Balance sheet $5,941,701 assets, 15 lines filed
Asset lines not itemized here account for $2,591,185; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $345,548$127,384
X-2 Savings and temporary cash investmentsStart of year $2,012,847$3,181,316
X-4 Accounts receivableStart of year $8,640$29,042
X-9 Prepaid expenses and deferred chargesStart of year $7,888$7,887
X-10c Land, buildings and equipment, netStart of year $7,438$4,887
X-16 Total assetsStart of year $3,861,353$5,941,701
X-17 Accounts payable and accrued expensesStart of year $96$40,314
X-19 Deferred revenue$608,575
X-24 Unsecured notes and loans payableStart of year $350,762$1,325,000
X-25 Other liabilitiesStart of year $87,146$49,481
X-26 Total liabilitiesStart of year $438,004$2,023,370
X-27 Net assets without donor restrictionsStart of year $2,599,739$2,674,795
X-28 Net assets with donor restrictionsStart of year $823,610$1,243,536
X-32 Total net assets or fund balancesStart of year $3,423,349$3,918,331
X-33 Total liabilities and net assetsStart of year $3,861,353$5,941,701
Part XI · Reconciliation of net assets $3,918,331 net assets at year end
XI-1 Total revenue$1,327,110
XI-2 Total expenses$832,128
XI-3 Revenue less expenses$494,982
XI-4 Net assets at start of year$3,423,349
XI-10 Net assets at end of year$3,918,331

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.