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Nonprofiteer
← CBA FUND

Form 990 for tax year 2022

Filed by CBA FUND.

Totals

Total revenue
$1,343,390
Total expenses
$946,605
Contributions and grants received
$1,286,240
Grants paid
$434,786
Program service revenue
$35,490
Investment income
$8,378
Other revenue
$13,282
Total assets, end of year
$3,861,353
Total liabilities, end of year
$438,004
Net assets or fund balances, end of year
$3,423,349
Program services expenses (Part IX)
$901,339
Management and general expenses
$45,266
Fundraising expenses
$0
Program service expenses (Part III)
$901,339

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $212,676

  • 1f · All other contributions, gifts and grants

    $1,073,564

  • 2a · Program service revenue: PROGRAM LOAN ORIG FEES & INT

    total $35,490 · related or exempt $35,490

  • 3 · Investment income

    total $8,378 · excluded $8,378

  • 11a · Other revenue: OTHER INCOME

    total $13,282 · related or exempt $13,282

  • 11e · Other revenue, total

    $13,282

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $434,786 · program services $434,786

  • 5 · Compensation of officers, directors and key employees

    total $102,463 · program services $102,463

  • 7 · Other salaries and wages

    total $214,218 · program services $214,218

  • 8 · Pension plan contributions

    total $8,321 · program services $8,321

  • 9 · Other employee benefits

    total $36,492 · program services $36,492

  • 10 · Payroll taxes

    total $28,479 · program services $28,479

  • 11b · Fees: legal

    total $788 · management and general $788

  • 11c · Fees: accounting

    total $17,270 · program services $11,519 · management and general $5,751

  • 11g · Fees: other

    total $43,165 · program services $24,915 · management and general $18,250

  • 13 · Office expenses

    total $5,819 · program services $5,569 · management and general $250

  • 14 · Information technology

    total $14,134 · program services $13,954 · management and general $180

  • 16 · Occupancy

    total $31,450 · program services $17,035 · management and general $14,415

  • 20 · Interest

    total $2,912 · program services $2,417 · management and general $495

  • 22 · Depreciation, depletion and amortization

    total $2,550 · program services $1,171 · management and general $1,379

  • 23 · Insurance

    total $3,419 · management and general $3,419

  • 24a · Other expenses: LICENSES AND FEES

    total $339 · management and general $339

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,213,655 · end of year $345,548

  • 2 · Savings and temporary cash investments

    beginning of year $328,328 · end of year $2,012,847

  • 3 · Pledges and grants receivable

    beginning of year $166,011 · end of year $85,000

  • 4 · Accounts receivable

    beginning of year $8,012 · end of year $8,640

  • 7 · Other notes and loans receivable

    beginning of year $1,646,348 · end of year $1,393,992

  • 9 · Prepaid expenses and deferred charges

    beginning of year $771 · end of year $7,888

  • 10a · Land, buildings and equipment: cost or other basis

    $12,750

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,312

  • 10c · Land, buildings and equipment, net

    beginning of year $9,988 · end of year $7,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,400 · end of year $96

  • 19 · Deferred revenue

    beginning of year $172,176

  • 24 · Unsecured notes and loans payable

    beginning of year $107,839 · end of year $350,762

  • 25 · Other liabilities

    beginning of year $59,134 · end of year $87,146

  • 27 · Net assets without donor restrictions

    beginning of year $1,861,023 · end of year $2,599,739

  • 28 · Net assets with donor restrictions

    beginning of year $1,165,541 · end of year $823,610

Mission and programs · 2022

Mission

CBA FUND IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA, FORMED AND OPERATED FOR THE PURPOSE OF EXPANDING THE CAPICITY OF NONPROFITS THAT PROVIDE SAFE AND AFFORDABLE SMALL DOLLAR CONSUMER LOANS AND CREDIT BUILDING PRODUCTS TO LOW AND MODERATE INCOME INDIVIDUALS.

Activities or mission (Part I)

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.

  • 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.

    Expenses $901,339 · Grants $434,786 · Revenue $35,490

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jack Brummel

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Posner

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Fryatt

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jeanne Hogarth

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Donovan Duncan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Yanki Tshering

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chuck Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Morgan Spears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Valecia Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dwayne Keys

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cindy Logsdon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shawna Collier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Holly Frindell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Isis Salmeron - Outgoing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Celina Pena - Outgoing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Dabson - Outgoing

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Laura Fisher - Outgoing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dara Duguay

    CEO

    Total calculated
    $188,280
    From this org
    $50,739
    From related orgs
    $118,390
    Other
    $19,151
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $49,250 + $114,914 related
    Bonus
    $1,489 + $3,476 related
    Other
    not reported
    Deferred
    $1,530 + $3,584 related
    Nontaxable benefits
    $3,801 + $10,236 related
    Filer's total
    $56,070 + $132,210 related

  • Julia Gazizova

    SR DIRECTOR,

    Total calculated
    $71,402
    From this org
    $32,435
    From related orgs
    $32,435
    Other
    $6,532
    Hours/week
    20 + 20 related

  • Mariana Ippolito - Outgoing

    CFO

    Total calculated
    $24,884
    From this org
    $11,893
    From related orgs
    $11,894
    Other
    $1,097
    Hours/week
    20 + 20 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 June 2023
IRS schema version
2022v5.0
Source object
202311709349300851

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