Overview
What is Cba Fund?
Cba Fund is a nonprofit organization, headquartered in Washington D.C., dedicated to boosting the capabilities of other nonprofits. Its primary mission is to assist such organizations in offering or improving affordable small-dollar consumer loans and credit-building products to individuals with modest incomes. By providing loan capital and small operating grants, Cba Fund aims to expand the reach and impact of these initiatives, ultimately promoting financial stability and inclusion within the communities they serve.
Official website here: www.creditbuildersalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Cba Fund has achieved an impressive 96% score, earning it a Four-Star rating from Charity Navigator. This high rating indicates strong accountability and finance practices, with particular strengths in financial oversight and board independence. The organization boasts 100% independent board members and high scores in its audit and oversight committee, reflecting a commitment to transparency and responsible governance.
Additionally, the Cba Fund excels in its program expense ratio, allocating 92.11% of its funds directly to its programs, which underscores its dedication to maximizing the impact of donor contributions. The organization has also demonstrated excellent constituent feedback practices, receiving perfect scores in feedback collection and usage, suggesting it actively engages with and responds to its community's needs.
However, while the Cba Fund's equity strategies are strong, there are slight limitations in its equity data and policies, scoring 5 out of 7 points in these areas. This indicates room for improvement in data collection and policy implementation related to equity, which may enhance their overall program effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cba Fund legitimate?
Cba Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cba Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $102,463
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,218
For more financial information, click here
Official website here: www.creditbuildersalliance.org
What is the mission statement of Cba Fund?
CBA Fund is a nonprofit organization, established under District of Columbia laws, with a mission to expand the capacity of other nonprofits that offer safe and affordable small-dollar consumer loans and credit building products to low and moderate-income individuals. By providing loan capital and small operating grants, CBA Fund assists nonprofits interested in adding a new consumer loan to their portfolio or expanding and improving an existing one. The ultimate goal is to enhance financial stability and credit building opportunities for individuals who might not have access to such services otherwise.
Official website here: www.creditbuildersalliance.org
Who is the CEO of Cba Fund?
Dara Duguay is the Chair of Cba Fund. The CEO's salary of Cba Fund is $50,739 and their total compensation is $188,280.
Official website here: www.creditbuildersalliance.org
What is the revenue of Cba Fund?
Cba Fund's revenue in 2022 was $1,343,390.
Official website here: www.creditbuildersalliance.org
Who are the executives of Cba Fund and what are their salaries?
There 17 volunteers at Cba Fund.
Here are 20 key members and their salaries (Cba Fund's CEO's salary is $50,739 and their total compensation is $188,280):
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- Compensation: $50,739
- Related: $118,390
- Other: $19,151
- Compensation: $32,435
- Related: $32,435
- Other: $6,532
- Compensation: $11,893
- Related: $11,894
- Other: $1,097
Official website here: www.creditbuildersalliance.org
Where can I find the form 990 for Cba Fund?
Cba Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.creditbuildersalliance.org
Learn more at the official website: www.creditbuildersalliance.org
Mission Statement of Cba Fund
Cba Fund, a nonprofit corporation, is dedicated to expanding the capacity of organizations that offer safe and affordable small dollar consumer loans and credit building products to individuals with lower and moderate incomes. The mission of Cba Fund is to support these nonprofits by providing them with loan capital and small operating grants. This allows these organizations to either introduce a new consumer loan to their existing portfolio or enhance and improve an existing one. By doing so, Cba Fund aims to increase financial accessibility and credit-building opportunities for individuals who might otherwise be overlooked by traditional financial institutions.
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Impact
July, 2024
Cba Fund's impact lies in expanding the capacity of organizations that provide safe and affordable small-dollar consumer loans and credit-building products to low and moderate-income individuals. By providing loan capital and small operating grants to these organizations, Cba Fund helps them add new consumer loan products to their portfolios or improve existing offerings. Through this support, Cba Fund contributes to enhancing financial inclusion and empowerment among vulnerable communities in need of accessible financial services.
This information is meant to be a general summary of Cba Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,378
- Program Service Revenue: $35,490
- Gross Receipts: $1,343,390
Assets and Liabilities:
- Total Assets: $3,861,353
- Total Liabilities: $438,004
- Net Assets: $3,423,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM LOAN ORIG FEES & INT
Revenue
$35,490
Organization Details
Founding Year
2018
Phone
(202) 730-9390Principal Officer
Dara Duguay
Main Address
1701 K STREET NW STE 1000, WASHINGTON, DC, 20006
NTEE Category
Code: P20 - Human services
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