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Nonprofit · EIN 20-8351782

CREDIT BUILDERS ALLIANCE INC

Tax-exempt · WASHINGTON, DC 20006

Financials

$4.7M$4.5M2023$4.9M$5M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT BUILDERS ALLIANCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,888,287$4,988,709-$100,422$8,552,319$3,142,950$5,409,369
December 31, 2023990$4,747,116$4,460,136$286,980$8,538,896$3,018,311$5,520,585
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,866,937
of which government grants
$344,176
Program service revenue
$1,376,134
Investment income
$278,724
Net gain from sales of assets
$39,557
Other revenue
$366,492

Expenses

Grants and similar amounts paid
$689,716
Compensation of officers, directors and key employees
$291,680
Other salaries and wages
$2,106,086
Salaries, compensation and benefits (total)
$2,790,732
Professional fundraising fees
$0
Legal fees
$23,283
Accounting fees
$47,211
Occupancy
$182,322
Travel
$110,000
Depreciation
$24,442
Program services (functional)
$4,483,830
Management and general (functional)
$490,166
Fundraising (functional)
$14,713

Balance sheet and other

Total assets, start of year
$8,538,896
Total assets, end of year
$8,552,319
Total liabilities, end of year
$3,142,950
Net assets, end of year
$5,409,369
Land, buildings and equipment
$20,722
Net assets without donor restrictions
$2,855,387
Net assets with donor restrictions
$2,553,982
Gross receipts
$9,428,687
Employees
35
Volunteers
21
Year formed
2006
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DARA DUGUAYCEO
Officer
28$212,586$22,043
JULIA GAZIZOVACFO
Officer
28$158,686$11,331
RICHARD REEVECHIEF PROGRA
Highest-paid employee
36$143,872$25,254
ELISABETH JOHNSON-CRAWFORDCHIEF TECHNI
Highest-paid employee
40$149,304$2,540
ZACH MORROWCOO
Highest-paid employee
20$140,756$9,014
MARY JO HALDERTRAINING DIR
Highest-paid employee
40$101,458$8,617
DONOVAN DUNCANCHAIR
Trustee or director, Officer
2$0$0
KEVIN FRYATTTREASURER
Trustee or director, Officer
2$0$0
MARGARET LIBBYSECRETARY
Trustee or director, Officer
2$0$0
CINDY LOGSDONDIRECTOR
Trustee or director
2$0$0
ABIGAIL LOVELLDIRECTOR
Trustee or director
2$0$0
COURTNEY BRINKMANDIRECTOR
Trustee or director
2$0$0
DERISON PUNTIERDIRECTOR
Trustee or director
2$0$0
LAURIE HUSABYDIRECTOR
Trustee or director
2$0$0
DWAYNE KEYSDIRECTOR
Trustee or director
2$0$0
12 more people on this return
NameTitleHours / weekCompensation
APARNA SARINDIRECTOR
Trustee or director
2$0
PRISCILLA WOODIRECTOR
Trustee or director
2$0
CY RICHARDSONDIRECTOR
Trustee or director
2$0
VALECIA QUINNDIRECTOR
Trustee or director
2$0
JEFF RICHARDSONDIRECTOR
Trustee or director
2$0
GIOVANNA PIOVANETTIDIRECTOR
Trustee or director
2$0
HOLLY FRINDELL - INCOMINGDIRECTOR
Trustee or director
2$0
ELIZABETH FAIRMAN - INCOMINGDIRECTOR
Trustee or director
2$0
ERIC ELLMAN - OUTGOINGDIRECTOR
Trustee or director
2$0
SETH JULYAN - OUTGOINGDIRECTOR
Trustee or director
2$0
DINESH WADHWANI - OUTGOINGDIRECTOR
Trustee or director
2$0
SHAWNA COLLIER - OUTGOINGDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationOther / benefits
DARA DUGUAYCEO
Officer
28$197,148$20,851
RICHARD REEVECHIEF PROGRA
Highest-paid employee
36$133,857$23,066
JULIA GAZIZOVACFO
Officer
28$139,615$14,539
ELISABETH JOHNSON-CRAWFORDCHIEF TECHNI
Highest-paid employee
40$128,102$13,240
ZACH MORROWCOO
Highest-paid employee
20$125,075$9,952
DONOVAN DUNCANCHAIR
Trustee or director, Officer
2$0$0
ERIC ELLMANVICE CHAIR
Trustee or director, Officer
2$0$0
KEVIN FRYATTTREASURER
Trustee or director, Officer
2$0$0
MARGARET LIBBYSECRETARY
Trustee or director, Officer
2$0$0
CINDY LOGSDONDIRECTOR
Trustee or director
2$0$0
ABIGAIL LOVELLDIRECTOR
Trustee or director
2$0$0
SETH JULYANDIRECTOR
Trustee or director
2$0$0
COURTNEY BRINKMANDIRECTOR
Trustee or director
2$0$0
DERISON PUNTIERDIRECTOR
Trustee or director
2$0$0
LAURIE HUSABYDIRECTOR
Trustee or director
2$0$0
DWAYNE KEYSDIRECTOR
Trustee or director
2$0$0
APARNA SARINDIRECTOR
Trustee or director
2$0$0
PRISCILLA WOODIRECTOR
Trustee or director
2$0$0
CY RICHARDSONDIRECTOR
Trustee or director
2$0$0
DINESH WADHWANIDIRECTOR
Trustee or director
2$0$0
SHAWNA COLLIERDIRECTOR
Trustee or director
2$0$0
VALECIA QUINNDIRECTOR
Trustee or director
2$0$0
JEFF RICHARDSONDIRECTOR
Trustee or director
2$0$0
GIOVANNA PIOVANETTIDIRECTOR
Trustee or director
2$0$0
CHUCK JONES - OUTGOINGDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1701 K STREET NORTHWEST, WASHINGTON, DC 20006-1503
Principal officer (990 for 2024)
DARA DUGUAY, 1701 K STREET NW STE 1000, WASHINGTON, DC 20006
Signed the 990
DARA DUGUAY, CEO
Phone
(202) 730-9390
Return prepared by
KENDALL PREBOLA AND JONES LLC

Mission

CBA'S MISSION IS TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. WE DO THIS BY BUILDING THE CAPACITY OF OUR NONPROFIT AND MUNICIPAL MEMBERS TO IMPLEMENT STRATEGIES NECESSARY TO HELP THEIR CLIENTS BUILD CREDIT AND ENTER THE FINANCIAL MAINSTREAM. CBA FILLS A VOID BY BEING A BRIDGE FOR CREDIT BUILDING ACTIVITIES FOR NON- TRADITIONAL FINANCIAL SERVICE PROVIDERS. OUR ACTIVITIES FALL ALONG A CONTINUUM, WHICH ALLOWS CBA TO MEET OUR MEMBERS' NEEDS AT WHEREVER POINT THEY MAY BE IN THE CREDIT BUILDING PROCESS.

990 for the year ended December 31, 2024

Program accomplishments

  • 1.CORE PLATFORM SERVICES: MEMBER AND STAKEHOLDER RELATIONS, CREDIT BUREAU SERVICES, AND TRAINING INSTITUTE A.MEMBER AND STAKEHOLDER RELATIONS IN 2024 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 71 NEW MEMBERS. THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT COORDINATION. AS OF DECEMBER 2024, CBA HAD 637 MEMBERS AND 9 SPECIFICALLY DESIGNATED ALLY ORGANIZATIONS. B.BUREAU SERVICES I.CBA REPORTER IS AN AWARD-WINNING, ONE OF A KIND SERVICE THAT OFFERS NONPROFIT AND MUNICIPAL LENDERS THE TECHNICAL ASSISTANCE, CONCRETE SOLUTIONS, AND INTERAGENCY CONNECTIONS THEY NEED TO EFFECTIVELY AND EFFICIENTLY HELP THEIR LOW- AND MODERATE-INCOME CLIENTS BUILD CREDIT AND LONG-TERM FINANCIAL CAPABILITY BY REPORTING THEIR LOW-AND MODERATE-INCOME BORROWERS' MONTHLY MICROENTERPRISE, SMALL BUSINESS, AND CONSUMER LOAN PAYMENTS TO THE MAJOR CONSUMER CREDIT BUREAUS EXPERIAN, TRANSUNION, AND EQUIFAX. CBA OFFERS A STREAMLINED ON-BOARDING PROCESS FOR GUIDING LENDER MEMBERS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO REPORT THEIR LOANS AND SUPPORTS THE REGULAR TRANSMISSION OF THAT LOAN REPAYMENT DATA. CBA PROVIDES ONGOING AND ON-DEMAND TECHNICAL ASSISTANCE TO MEMBER LENDERS, REVIEWS METRO2 DATA FOR ACCURACY, AND MONITORS THEIR BORROWERS' EOSCAR DISPUTES. IN 2024, CBA REPORTER ENABLED 259 NONPROFIT LENDERS TO REPORT OVER 112,225 TRADE LINES EVERY MONTH, TOTALING JUST OVER 3.8 BILLION IN CREDIT EXTENDED TO THEIR RESPECTIVE BORROWERS TO START A BUSINESS, MEET A HOUSEHOLD NEED, AND/OR SIMPLY BUILD POSITIVE PERSONAL AND BUSINESS CREDIT HISTORY. II.CBA BUSINESS REPORTER IS AN ADD-ON SERVICE THAT IN 2024 ENABLED 50 MEMBER LENDERS TO REPORT 25,752 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 1.28 BILLION TO THE COMMERCIAL CREDIT BUREAUS EXPERIAN BUSINESS INFORMATION SOLUTIONS AND DUN & BRADSTREET IN ORDER TO BUILD THEIR BUSINESS CREDIT PROFILES. III.CBA ACCESS ENABLES NONPROFITS TO PULL AND PURCHASE CREDIT REPORTS AND CREDIT SCORES FROM THE CREDIT BUREAUS TRANSUNION, EXPERIAN, EQUIFAX, LEXISNEXIS (FOR ACCESS TO NON-TRADITIONAL AND ALTERNATIVE CREDIT DATA), AND CHEXSYSTEMS (FOR THOSE WORKING WITH THE UNBANKED). IN 2024, CBA CONTINUED ITS OFFERING OF THE CORELOGIC TRI-MERGE CREDIT REPORT UNDER OUR UMBRELLA. CBA ACCESS OFFERS QUALIFIED MEMBERS ACCESS TO ANY OF THESE REPORTS AT POOLED PRICES IN ORDER TO UNDERWRITE LOANS, PROVIDE FINANCIAL COUNSELING AND CREDIT COACHING, AND -- WITH SOME CONTRACTUAL RESTRICTIONS -- TRACK THE CREDIT IMPROVEMENT OUTCOMES OF CLIENTS. SIMILAR TO CBA REPORTER, CBA IMPLEMENTS A STREAMLINED ON-BOARDING PROCESS TO GUIDE NONPROFITS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO ACCESS THEIR CLIENTS' CONSUMER CREDIT REPORTS. CBA ALSO OFFERS ON-DEMAND TECHNICAL ASSISTANCE AND SUPPORT TO NONPROFITS AROUND GENERAL CREDIT REPORT REVIEWS AND CODES, CREDIT REPORT SCORE INTRICACIES AND OTHER INFORMATION RELEVANT TO MEMBERS AND THEIR CLIENTS AROUND CREDIT REPORTS AND SCORES. IN 2024, CBA ACCESS ENABLED 415 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 172,372 CREDIT REPORTS THAT YEAR. C.TRAINING INSTITUTE I.CBA'S SIGNATURE CREDIT AS AN ASSET TRAINING HAS BEEN OFFERED SINCE 2008 TO NONPROFIT LENDER PRACTITIONERS, FINANCIAL COACHES AND EDUCATORS, SOCIAL SERVICE PROVIDERS AND OTHERS WORKING DIRECTLY WITH CONSUMERS AND ENTREPRENEURS TO PROMOTE FINANCIAL STABILITY AND INCLUSION. THE TRAINING AIMS TO HELP PARTICIPANTS: UNDERSTAND CREDIT BUILDING AS AN ESSENTIAL AND VIABLE ACTIVITY, FOUNDATIONAL TO THE SUCCESSFUL IMPLEMENTATION OF ANY FINANCIAL ASSET BUILDING STRATEGY FOR LOW-INCOME AND UNDERSERVED INDIVIDUALS AND FAMILIES; EXPLORE TOOLS AND DEVELOP SKILLS IN ORDER TO DESIGN, IMPLEMENT, AND MEASURE CREDIT BUILDING PROGRAMS BASED ON CLIENT NEEDS AND GOALS AS WELL AS ORGANIZATION MISSIONS AND CAPACITIES; AND ENGAGE WITH OTHER TRAINING PARTICIPANTS AND LEARN FROM CBA'S GROWING CREDIT BUILDING COMMUNITY ABOUT BEST PRACTICES IN CREDIT EDUCATION, ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS, AND MEASURING AND COMMUNICATING CLIENT CREDIT OUTCOMES. IN 2024, THE TRAINING INSTITUTE HAD A TOTAL OF 2,622 (934 NEW IN 2024) REGISTERED USERS. AS OF DECEMBER 2024, 66 INDIVIDUALS (11 NEW IN 2024) REPRESENTING 26 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 21 INDIVIDUALS ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET BOOTCAMP WHILE 16 ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET: SMALL BUSINESS BOOTCAMP. SEPARATELY, 718 INDIVIDUALS PARTICIPATED IN ONE OR MORE OF OUR MONTHLY WEBINARS. 49.14% OF CBA MEMBERS HAD STAFF ATTEND AT LEAST ONE WEBINAR IN 2024. CBA ALSO LAUNCHED 5 NEW COURSES IN 2024, INCLUDING VERSIONS FOR THE CREDIT REPORTER AND BUSINESS CREDIT REPORTER COURSES AND A NEW VERSION OF CREDIT HEALTH FOR YOUTH IN FOSTER CARE. IN TOTAL, 421 TI USERS TOOK THESE COURSES IN 2024. II.UNDER THE UMBRELLA OF THE TRAINING INSTITUTE, CBA OFFERS TARGETED CREDIT BUILDING PROGRAM DESIGN, IMPLEMENTATION, AND MEASUREMENT CONSULTING TO MEMBER AND NONMEMBER NONPROFITS AND PUBLIC ENTITIES SEEKING TO DEVELOP OR ENHANCE THEIR CREDIT BUILDING EFFORTS BASED ON THEIR RESPECTIVE CLIENTS' NEEDS AND GOALS AS WELL AS ORGANIZATIONAL MISSIONS AND CAPACITIES. IN 2024, CBA MANAGED 7 CONSULTING CONTRACTS TO BRING ITS CREDIT BUILDING EXPERTISE, INDUSTRY CONNECTIONS, AND CREDIBILITY TO ORGANIZATIONS INTERESTED IN INVESTING IN THEIR CREDIT BUILDING CAPACITY.
    Expenses $3,388,176 · grants $466,079 · revenue $1,255,060
  • 2.INNOVATIONS CBA INCUBATES A NUMBER OF EMERGING AND INNOVATIVE CREDIT BUILDING INITIATIVES THAT ADVANCE ITS THEORY OF CHANGE: BUILDING CREDIT IS PART OF THE ASSET BUILDING PATHWAY TO IMPROVED FINANCIAL STABILITY AND MISSION DRIVEN NONPROFITS ARE UNIQUELY POSITIONED TO HELP THE LOW-INCOME HOUSEHOLDS THEY SERVE BUILD CREDIT AS AN ASSET. IN 2024 IN PARTICULAR, CBA CONTINUED OR NEWLY CATALYZED: A.RENT REPORTING FOR CREDIT BUILDING IN 2015, CBA FORMALLY ROLLED OUT ITS RENT REPORTING FOR CREDIT BUILDING SERVICE UPON SUCCESSFUL COMPLETION OF A PILOT FOCUSED ON HELPING AFFORDABLE AND PUBLIC HOUSING PROVIDERS REPORT THEIR RESIDENTS' RENTAL PAYMENTS AS A CREDIT BUILDING STRATEGY. IN 2024, CBA CONTINUED TO SUPPORT ORGANIZATIONS INTERESTED IN SETTING UP RENT REPORTING PROGRAMS VIA ITS RENT REPORTING CENTER, WHICH FUNCTIONS AS A ONE-STOP SHOP TO LOCATE ALL INFORMATION RELATED TO RENT REPORTING. CBA STAFF ADDITIONALLY PROVIDE IMPLEMENTATION SUPPORT TO SEVERAL COHORTS OF AFFORDABLE HOUSING PROVIDERS AND ADVISE POLICYMAKERS ON BEST PRACTICES IN RENT REPORTING. B.CBA SYMPOSIUM IN 2014, CBA OFFERED ITS FIRST EVER AND INCREDIBLY POWERFUL CREDIT BUILDING SYMPOSIUM. DUE TO POPULAR DEMAND THE CREDIT BUILDING SYMPOSIUM HAS SINCE BECOME AN ANNUAL EVENT. THE SYMPOSIUM IS INTENDED TO BE A DIALOGUE BETWEEN NONPROFIT ORGANIZATIONS INVOLVED IN CREDIT BUILDING AND THOSE CORPORATE ENTITIES WHOSE BUSINESS PRACTICES INCLUDE CREDIT REPORTING, CREDIT SCORING AND/OR CREDIT GRANTING. CBA'S GOAL IS TO BROKER MORE DISCUSSION BETWEEN THESE TWO CONNECTED INDUSTRIES WITH THE INTENT OF CONTINUING TO BRIDGE GAPS IN UNDERSTANDING AND STRENGTHENING BONDS IN THE CREDIT REPORTING ARENA. AN OVERARCHING THEME FOR THE SYMPOSIUM EVERY YEAR IS THE LINKAGE BETWEEN THE WORK BEING DONE IN THE CREDIT BUILDING FIELD AND THAT OF THE BROADER ISSUES OF INCOME INEQUALITY, POVERTY REDUCTION, AND ASSET BUILDING. THE SYMPOSIUM ALSO OFFERS OUR MEMBERS AND OTHER CREDIT BUILDING INDUSTRY STAKEHOLDERS A GREAT OPPORTUNITY TO LEARN AND BUILD RELATIONSHIPS. IN 2024, CBA'S CREDIT BUILDING SYMPOSIUM ENGAGED STAKEHOLDERS FROM ACROSS THE COUNTRY WITH 350 REGISTRANTS C.OTHER FIELD BUILDING EFFORTS CBA CREATED THE FINANCIAL EQUITY CONVERSATIONS (FEC) EVENT SERIES TO BRING TOGETHER NONPROFIT PRACTITIONERS, FINANCIAL SERVICES AND TECHNOLOGY COMPANIES, POLICYMAKERS, AND CONSUMERS TO DISCUSS CHALLENGES IN ACCESS TO CREDIT AND BANKING. CBA HELD THREE FEC EVENTS IN QUEENS, NY; DALLAS, TX; AND LOS ANGELES, CA. CBA WORKED WITH KAISER PERMANENTE TO OFFER THE FIRST OF THREE BUILDING CREDIT, BUILDING HEALTH CONVENINGS. THESE EVENTS BRING TOGETHER CREDIT PROFESSIONALS AND HEALTH CARE PRACTITIONERS TO INCREASE CROSS-INDUSTRY KNOWLEDGE OF THE CREDIT AND HEALTH CHALLENGES THAT LOW- AND MODERATE-INCOME INDIVIDUALS FACE.
    Expenses $1,095,654 · grants $223,637 · revenue $121,074

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-8351782
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,552,319
Income (IRS master file)
$9,428,687

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,888,287$4,988,709$8,552,319XML
990December 2023$4,747,116$4,460,136$8,538,896XML
990December 2022$5,600,497$3,367,261$8,198,473IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8351782).

Questions about CREDIT BUILDERS ALLIANCE INC

What is the EIN of CREDIT BUILDERS ALLIANCE INC?
The employer identification number (EIN) of CREDIT BUILDERS ALLIANCE INC is 20-8351782.
Is CREDIT BUILDERS ALLIANCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to CREDIT BUILDERS ALLIANCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CREDIT BUILDERS ALLIANCE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREDIT BUILDERS ALLIANCE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT BUILDERS ALLIANCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CREDIT BUILDERS ALLIANCE INC?
The 990 for the year ended December 31, 2024 names DARA DUGUAY.
Who are the officers and directors of CREDIT BUILDERS ALLIANCE INC?
The 990 for the year ended December 31, 2024 lists 27 people; 6 received compensation from the organization, the highest $212,586 (DARA DUGUAY, CEO).
How much revenue does CREDIT BUILDERS ALLIANCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,888,287, expenses of $4,988,709 and total assets of $8,552,319 at year end.

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