CBA Fund
CBA Fund is a Washington, DC–based organization filed as a Form 990 (a public charity). It describes itself as a Community Development Financial Institution (CDFI) intermediary that helps nonprofits build their capacity to offer safe, affordable small-dollar consumer loans and credit-building products.
CBA Fund at a glance
In short: CBA Fund gave $198K across 20 grants in 2024 (avg $10K), top state Pennsylvania. 55% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $198,000
- +47.5% vs 2023
- Grants made (2024)
- 20
- +42.9% vs 2023
- Average grant
- $9,900
- +3.2% vs 2023
- Median grant
- $8,000
- Total assets
- $5,278,976
- -11.2% vs 2023
- New grantees (estimate)
- 55% first-time grantees (11 of 20, 2024; small sample)
- Primary geography
- Pennsylvania (12% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to CBA Fund
- Contact
Mailing address: 1701 K Street Nw Ste 1000, Washington, DC 20006
Phone: (202) 730-9390
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who CBA Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Community First Fund ($16K). Together the top 10 received $128K.
Grant Size Distribution
73 grants across all recorded years
The most common grant size was under $50K: 63 grants of 73 (86%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in multiple states. The largest reported shares by recipient state were Pennsylvania (12%), Washington (10%), and California, Tennessee, and Alaska (8% each). The 2024 grants listed recipients in Pennsylvania, Tennessee, Alaska, Washington, Kentucky, Wisconsin, Florida, Massachusetts, Rhode Island, California, and Missouri.
Grant Distribution by State
Share of 2024 grant dollars across all 20 itemized grants.
States
Cities
Is CBA Fund open to new grantees?
55%
first-time grantees, 2024
In 2024, 11 of 20 grantees (55%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $10K; repeat grants $10K. How we count
Medians: $8K first-time, $8K repeat.
- 25% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+0%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $134K (2023) to $650K (2020). In 2024 it made 20 grants totaling $198K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community First Fund Lancaster, PA | Small Dollar Lending | $16,125 |
| Betterfi Coalmont, TN | Small Dollar Lending | $15,000 |
| Cook Inlet Lending Center Inc Anchorage, AK | Small Dollar Lending | $15,000 |
| Northwest Access Fund Shoreline, WA | Small Dollar Lending | $15,000 |
| Redbud Financial Alternatives Hazard, KY | Small Dollar Lending | $15,000 |
| Wisconsin Native Loan Fund Lac Du Flambeau, WI | Small Dollar Lending | $15,000 |
| Solitas House Tampa, FL | Small Dollar Lending | $10,875 |
| One Percent for America Boston, MA | Small Dollar Lending | $10,000 |
| Capital Good Fund Providence, RI | Small Dollar Lending | $8,000 |
| Center for Economic Opportunity San Diego, CA | Small Dollar Lending | $8,000 |
Ready to take the next step with CBA Fund?
Financial History
Multi-year comparison from IRS filings
Amounts are reported by filing year.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,278,976 | $546,285 | $932,334 | $198,000 | 20 | $60,984 |
| 2023 | $5,941,701 | $1,327,110 | $832,128 | $134,250 | 14 | $114,025 |
| 2022 | $3,861,353 | $1,343,390 | $946,605 | $434,786 | 9 | $8,378 |
| 2021 | $3,373,113 | $2,669,814 | $625,465 | $197,321 | 15 | $235 |
| 2020 | $1,241,062 | $1,890,737 | $960,654 | $650,000 | 15 | $570 |
| 2019 | $259,728 | $209,599 | $152,513 | — | — | $348 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
CBA Fund’s mission is to expand nonprofits’ capacity to provide safe and affordable small-dollar consumer loans and credit-building products to low- and moderate-income individuals.
The funder supports eligible nonprofits, credit unions, and Native agencies that can use funding for a consumer loan program. The website describes its support as small grants for starting, expanding, or improving a program; low-rate loans to provide consumer-loan capital; and individualized technical assistance, best practices, and opportunities for lender knowledge-sharing.
Grantees’ stated missions illustrate the kinds of organizations receiving support. Cook Inlet Lending Center says it promotes and provides lending products and services to low-income people in the Cook Inlet region. Northwest Access Fund says it offers people with disabilities customized loans and other resources to support assistive technology, independence, and financial resilience. BetterFi describes its work as providing affordable financial products and services, along with financial education and coaching, to low-income individuals and families.
Grantmaking
In filing year 2024, CBA Fund reported 20 grants totaling $198,000. Grants ranged from $5,500 to $16,125, with a median of $8,000. The reported purpose for the itemized grants was small-dollar lending.
Among the largest grants were $16,125 to Community First Fund in Lancaster, Pennsylvania, and $15,000 each to BetterFi in Coalmont, Tennessee; Cook Inlet Lending Center in Anchorage, Alaska; Northwest Access Fund in Shoreline, Washington; Redbud Financial Alternatives in Hazard, Kentucky; and Wisconsin Native Loan Fund in Lac du Flambeau, Wisconsin. One Percent for America in Boston, Massachusetts, received $10,000.
The website says CBA Fund announces funding opportunities and provides funding to cohorts of lenders throughout the year. How to apply: Watch for funding announcements and review the eligibility requirements. An organization must be a 501(c)(3) nonprofit, credit union, or Native agency; be a CBA member in good standing or willing to become one; demonstrate the ability to use funds for a consumer loan program; report loans or be willing to establish reporting to major consumer credit bureaus; hold required state lending licenses or demonstrate an exemption; and offer loan terms that meet CBA’s standards for affordability, flexibility, and credit building.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jack Brummel as chair, Dwayne Keys as vice chair, Kevin Fryatt as treasurer, and Jeanne Hogarth as secretary. Directors listed are Donovan Duncan, Andrew Posner, Yanki Tshering, Morgan Spears, Valecia Quinn, and Cindy Logsdon.
CBA Fund is led by Jack Brummel, Chair since 2022 (on filings since 2019); none of the 17 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jack Brummel
Chair
Director → Chair, 2022
On filings since 2019
2 hrs/week
No compensation reported
Andrew Posner
Director
Director → Vice Chair, 2022
Vice Chair → Director, 2023
On filings since 2019
2 hrs/week
No compensation reported
Donovan Duncan
Director
On filings since 2019
2 hrs/week
No compensation reported
Holly Frindell
Director
On filings since 2020
2 hrs/week
No compensation reported
Yanki Tshering
Director
On filings since 2020
2 hrs/week
No compensation reported
Isis Salmeron
Director
On filings since 2021
2 hrs/week
No compensation reported
Cindy Logsdon
Director
On filings since 2022
2 hrs/week
No compensation reported
Morgan Spears
Director
On filings since 2022
2 hrs/week
No compensation reported
Shawna Collier
Director - O
Director → Director - O, 2024
On filings since 2022
2 hrs/week
No compensation reported
Valecia Quinn
Director
On filings since 2022
2 hrs/week
No compensation reported
Giovanna Piovanetti
Director
On filings since 2023
2 hrs/week
No compensation reported
Priscilla Woo
Director - I
New on the 2024 filing
2 hrs/week
No compensation reported
Dara Duguay
Executive Di
Executive Di → CEO, 2021
CEO → Executive Di, 2023
On filings since 2019
12 hrs/week
$51K (2022) → $0 (2024)
Julia Gazizova
CFO
Senior Director → CFO, 2023
On filings since 2022
12 hrs/week
$32K (2022) → $0 (2024)
Jeanne Hogarth
Secretary -
Secretary → Secretary -, 2024
On filings since 2019
2 hrs/week
No compensation reported
Kevin Fryatt
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Dwayne Keys
Vice Chair
Director → Vice Chair, 2023
On filings since 2022
2 hrs/week
No compensation reported
Former officers (17)
- Former: Chuck Jones - Outgoing (2023) — Director
- Former: Isis Salmeron - Incoming (2023) — Director
- Former: Chuck Jones (2021–2022) — Director
- Former: Celina Pena - Outgoing (2022) — Director
- Former: Isis Salmeron - Outgoing (2022) — Director
- Former: Karen Dabson - Outgoing (2022) — Chair
- Former: Laura Fisher - Outgoing (2022) — Director
- Former: Mariana Ippolito - Outgoing (2022) — CFO
- Former: Karen Dabson (2019–2021) — Chair
- Former: Laura Fisher (2019–2021) — Director
- Former: Celina Pena (2020–2021) — Director
- Former: Mariana Ippolito (2020–2021) — CFO
- Former: Kristin Schell - Outgoing (2021) — Director
- Former: Patrick Walker - Outgoing (2021) — Director
- Former: Kristin Schell (2019–2020) — Director
- Former: Patrick Walker (2019–2020) — Director
- Former: Sarah Chenven (2020) — Deputy Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $51K, to Dara Duguay (CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about CBA Fund
How much does CBA Fund give each year?
CBA Fund gave $198K across 20 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $134K across 14 grants.
What is CBA Fund's typical grant size?
CBA Fund's median grant in 2024 was $8,000, and its average grant was $9,900, across 20 grants on its 2024 IRS Form 990. Organizations receiving their first grant from CBA Fund that year got $10K on average.
Where does CBA Fund give grants?
CBA Fund's top state is Pennsylvania, with 12% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Washington (10%) and California (8%). The most frequent recipient cities were Lancaster, PA (2 grants).
Does CBA Fund give general operating support?
Not in 2024: none of the 20 grants with a stated purpose on CBA Fund's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Small Dollar Lending" (19 grants).
Who are CBA Fund's largest grantees?
CBA Fund's largest 2024 grantees include Community First Fund ($16,125), Betterfi ($15,000) and Cook Inlet Lending Center Inc ($15,000), according to its 2024 IRS Form 990. Together they received 23% of its itemized 2024 grant dollars.
How large is CBA Fund?
CBA Fund reported $5.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $546K.
What does CBA Fund fund?
CBA Fund’s mission is to expand nonprofits’ capacity to provide safe and affordable small-dollar consumer loans and credit-building products to low- and moderate-income individuals. See mission & focus areas ↑
How do I apply for a grant from CBA Fund?
CBA Fund has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is CBA Fund's EIN?
CBA Fund's EIN (Employer Identification Number) is 82-4272195. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS September 12, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 21, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 19, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 7, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in CBA Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). CBA Fund funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/cba-fund-morg_dc6ee218daac46fe9cb03532c95161e3
BibTeX
@misc{grantable_824272195_2026,
author = {{Grantable}},
title = {{CBA Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cba-fund-morg_dc6ee218daac46fe9cb03532c95161e3},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from CBA Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
CBA Fund down — hundreds of funders to go?