CAPITAL AREA ASSET BUILDING CORPORATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CAPITAL AREA ASSET BUILDING CORPORATION (EIN 52-2002672)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-07-03
IRS object ID
202521849349300912
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-07-03T09:27:48-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521022232PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SNYDER COHN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111200 ROCKVILLE PIKE SUITE 415AddressLine1Txt
CityNORTH BETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP20852ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN522002672EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAPITAL AREA ASSET BUILDINGBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCAPIBusinessNameControlTxt
Phone2024191440PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1712 H STREET NE SUITE 1799AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20002ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHRYN STEPHENSPersonNm
Person TitleINTERIM EXECUTIVE DIRECTORPersonTitleTxt
Phone2023326470PhoneNum
Signature2025-07-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEITH JENNINGSPreparerPersonNm
PTINP01319883PTIN
Phone3016526700PhoneNum
Preparation2025-07-02PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1CAABBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerKATHRYN STEPHENSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1712 H STREET NE SUITE 1799AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20002ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,179,542GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CAAB.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionEMPOWER LOW TO MODERATE-INCOME INDIVIDUALS IN THE WASHINGTON METRO REGION TO ACHIEVE PROSPERITY.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee17TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,756,963PYContributionsGrantsAmt
CY Contributions Grants$1,967,144CYContributionsGrantsAmt
PY Program Service Revenue$203,641PYProgramServiceRevenueAmt
CY Program Service Revenue$145,492CYProgramServiceRevenueAmt
PY Investment Income$39,978PYInvestmentIncomeAmt
CY Investment Income$66,906CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,000,582PYTotalRevenueAmt
CY Total Revenue$2,179,542CYTotalRevenueAmt
PY Grants And Similar Paid$1,295,926PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$458,202CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,589,826PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,560,420CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$20,567CYTotalFundraisingExpenseAmt
PY Other Expenses$878,903PYOtherExpensesAmt
CY Other Expenses$1,425,734CYOtherExpensesAmt
PY Total Expenses$3,764,655PYTotalExpensesAmt
CY Total Expenses$3,444,356CYTotalExpensesAmt
PY Revenues Less Expenses-$764,073PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,264,814CYRevenuesLessExpensesAmt
Total Assets BOY$19,350,398TotalAssetsBOYAmt
Total Assets EOY$3,474,274TotalAssetsEOYAmt
Total Liabilities BOY$17,003,534TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,392,224TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,346,864NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,082,050NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO CREATE OPPORTUNITIES FOR LOW- AND MODERATE-INCOME INDIVIDUALS IN THE GREATER DC REGION TO BUILD FINANCIAL SECURITY, SAVINGS, AND WEALTH FOR THE FUTURE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$1,697,434ExpenseAmt
Grant$433,202GrantAmt
DescSAVINGS PROGRAMS - CAAB ENCOURAGES PEOPLE TO SAVE MONEY THROUGH ITS SAVINGS PROGRAMS. THESE PROGRAMS ARE OFFERED TO ELIGIBLE PARTICIPANTS WHO MEET PROGRAM GUIDELINES. THE PROGRAM IS A WAY FOR INDIVIDUALS TO SAVE MONEY AND INVEST IN THEIR FUTURE OR THE FUTURE OF THEIR FAMILY AND YOUTH. USE OF FUNDS CAN BE FOR HOME PURCHASE, SMALL BUSINESS, EDUCATION, AND CHILDREN SAVINGS ACCOUNTS AS WELL AS MEDICAL AND BURIAL EXPENSES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$4,957ExpenseAmt
Revenue$145,492RevenueAmt
DescFINANCIAL EDUCATION - CAAB PROVIDES CREDIT COUNSELING SESSIONS, AND SPONSORS SEMINARS AND WORKSHOPS ON A WIDE RANGE OF FINANCIAL TOPICS SUCH AS: SETTING FINANCIAL GOALS, DEVELOPING AND MANAGING A SPENDING PLAN, CHOOSING FINANCIAL PRODUCTS AND SERVICES, UNDERSTANDING CREDIT, MANAGING DEBT, SAVING FOR COLLEGE, UNDERSTANDING THE BASICS OF INVESTING, AND SAVING FOR RETIREMENT. CAAB REQUIRES THAT IDA ENROLLEES COMPLETE THE MONEY MANAGEMENT 101 CURRICULUM BEFORE MATRICULATING INTO THE MATCHED SAVINGS PROGRAM. CAAB BELIEVES THIS WILL INCREASE SAVINGS PARTICIPATION AND RENTENTION RATES, AS WELL AS BETTER INFORM SAVERS ON THE USAGE OF THEIR ASSETS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$280,705ExpenseAmt
Grant$25,000GrantAmt
DescEITC - THE DC EARNED INCOME TAX CREDIT (EITC) CAMPAIGN RECRUITS AND TRAINS HUNDREDS OF VOLUNTEERS TO PREPARE TAX RETURNS, PROVIDE SAVINGS AND FINANCIAL EDUCATION INFORMATION, AND EDUCATE LOW-WAGE WORKERS DURING THE TAX SEASON. MANY LOW-INCOME FAMILIES RECEIVE FREE TAX FILING ASSISTANCE AT DC CAMPAIGN TAX SITES, ENABLING THEM TO ACCESS TAX REFUNDS RESULTING FROM TAX CREDITS FOR LOWER INCOME WORKERS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,983,096TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document17IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee17EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHRYN STEPHENSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2023326470PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 15TH STREET NW 4TH FLOORAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JOSEPH LEITMANN-SANTA CRUZ
EXECUTIVE DIRECTOR THROUGH JUNE 202440.00Yes (X)$131,627$0$49,096
KATHRYN STEPHENS
INTERIM EXECUTIVE DIRECTOR FROM JULY 202440.00Yes (X)$92,500$0$0
NICOLE JONES
DIRECTOR OF MATCH SAVINGS40.00$108,762$0$2,348Yes (X)
JOSEPH VAUGHAN
PRESIDENT4.00Yes (X)$0$0$0Yes (X)
GAIL REISMAN
SECRETARY4.00Yes (X)$0$0$0Yes (X)
WILLIAM SPINNELL
TREASURER4.00Yes (X)$0$0$0Yes (X)
GABRIEL LAZARUS
DIRECTOR1.00$0$0$0Yes (X)
SHEIDA ELMI
DIRECTOR1.00$0$0$0Yes (X)
MICHELLE LEVISTER
DIRECTOR1.00$0$0$0Yes (X)
SHAE HARRIS
DIRECTOR1.00$0$0$0Yes (X)
PAUL HARRIS JR
DIRECTOR1.00$0$0$0Yes (X)
RYAN PALMER
DIRECTOR1.00$0$0$0Yes (X)
WAYNE CHOPUS
DIRECTOR1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$332,889TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$51,444TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JACKSON LEWIS PC
1133 WESTCHESTER AVENUE SUITE S-12WEST HARRISONNY10604LEGAL SERVICES$161,251
KAH CONSULTING LLC
7272 WISCONSIN AVENUE FLOOR 9BETHESDAMD20814CONSULTING$112,500
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$768,669GovernmentGrantsAmt
All Other Contributions$1,198,475AllOtherContributionsAmt
Total Contributions$1,967,144TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFINANCIAL EDUCATIONDesc
Business541900BusinessCd
Total Revenue Column$145,492TotalRevenueColumnAmt
Related Or Exempt Func Income$145,492RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$145,492TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$66,906TotalRevenueColumnAmt
Exclusion$66,906ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,179,542TotalRevenueColumnAmt
Related Or Exempt Func Income$145,492RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$66,906ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$25,000TotalAmt
Program Services$25,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$433,202TotalAmt
Program Services$433,202ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$273,202TotalAmt
Program Services$120,218ProgramServicesAmt
Management And General$136,612ManagementAndGeneralAmt
Fundraising$16,372FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$912,070TotalAmt
Program Services$672,055ProgramServicesAmt
Management And General$240,015ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$27,198TotalAmt
Program Services$18,669ProgramServicesAmt
Management And General$8,529ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$241,189TotalAmt
Program Services$175,632ProgramServicesAmt
Management And General$65,557ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$106,761TotalAmt
Program Services$72,457ProgramServicesAmt
Management And General$33,102ManagementAndGeneralAmt
Fundraising$1,202FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$67,657TotalAmt
Management And General$67,657ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$252,101TotalAmt
Program Services$2,235ProgramServicesAmt
Management And General$249,866ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$233,678TotalAmt
Program Services$132,322ProgramServicesAmt
Management And General$100,460ManagementAndGeneralAmt
Fundraising$896FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$22,243TotalAmt
Program Services$21,108ProgramServicesAmt
Management And General$1,051ManagementAndGeneralAmt
Fundraising$84FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$57,207TotalAmt
Program Services$45,688ProgramServicesAmt
Management And General$11,420ManagementAndGeneralAmt
Fundraising$99FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$40,068TotalAmt
Program Services$32,388ProgramServicesAmt
Management And General$7,614ManagementAndGeneralAmt
Fundraising$66FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$242,849TotalAmt
Program Services$110,259ProgramServicesAmt
Management And General$131,448ManagementAndGeneralAmt
Fundraising$1,142FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$25,445TotalAmt
Program Services$21,910ProgramServicesAmt
Management And General$3,414ManagementAndGeneralAmt
Fundraising$121FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$10,036TotalAmt
Program Services$7,856ProgramServicesAmt
Management And General$2,161ManagementAndGeneralAmt
Fundraising$19FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,024TotalAmt
Program Services$465ProgramServicesAmt
Management And General$554ManagementAndGeneralAmt
Fundraising$5FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,885TotalAmt
Program Services$7,212ProgramServicesAmt
Management And General$8,598ManagementAndGeneralAmt
Fundraising$75FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$37,690TotalAmt
Program Services$17,112ProgramServicesAmt
Management And General$20,401ManagementAndGeneralAmt
Fundraising$177FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
SETTLEMENT$293,526$293,526
DUES AND SUBSCRIPTIONS$52,045$10,119$41,782$144
MISCELLANEOUS$37,484$15,936$21,413$135
LOSS ON DISPOSAL OF FIX$29,239$29,239

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$7,557TotalAmt
Program Services$4,113ProgramServicesAmt
Management And General$3,414ManagementAndGeneralAmt
Fundraising$30FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,444,356TotalAmt
Program Services$1,983,096ProgramServicesAmt
Management And General$1,440,693ManagementAndGeneralAmt
Fundraising$20,567FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,881,447BOYAmt
EOY$408,251EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$17,253,168BOYAmt
EOY$2,741,828EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$77,546BOYAmt
EOY$94,165EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$49,016BOYAmt
EOY$200,069EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$29,741BOYAmt
EOY$27,809EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,038LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$886LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$31,980BOYAmt
EOY$2,152EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,500BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$19,350,398BOYAmt
EOY$3,474,274EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$191,069BOYAmt
EOY$198,880EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$677,414BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$37,206BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,097,845BOYAmt
EOY$2,193,344EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$17,003,534BOYAmt
EOY$2,392,224EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,008,354BOYAmt
EOY$948,420EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$338,510BOYAmt
EOY$133,630EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,346,864BOYAmt
EOY$1,082,050EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$19,350,398BOYAmt
EOY$3,474,274EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,264,814ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,483,687CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,299,866CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,380,282CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,756,963CurrentTaxYearMinus1YearAmt
Current Tax Year$1,967,142CurrentTaxYearAmt
Total$13,887,940TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,483,687CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,299,866CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,380,282CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,756,963CurrentTaxYearMinus1YearAmt
Current Tax Year$1,967,142CurrentTaxYearAmt
Total$13,887,940TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,314,929SubstantialContributorsTotAmt
Public Support Total170$12,573,011PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,780CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,381CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,648CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,409CurrentTaxYearMinus1YearAmt
Current Tax Year$66,906CurrentTaxYearAmt
Total$127,124TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$997CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$25CurrentTaxYearMinus3YearsAmt
Current Tax Year$2CurrentTaxYearAmt
Total$1,024TotalAmt
FieldValueIRS element (for citing)
Total Support$14,016,088TotalSupportAmt
Gross Receipts Rltd Activities$740,692GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89700PublicSupportCY170Pct
Public Support PY1700.90160PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcYes (1)AgentTrusteeEtcInd
Beginning Balance$464,297BeginningBalanceAmt
Additions During Year$131,868AdditionsDuringYearAmt
Distributions During Year$232,502DistributionsDuringYearAmt
Ending Balance$363,663EndingBalanceAmt
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,038OtherCostOrOtherBasisAmt
Depreciation$886DepreciationAmt
Book Value$2,152BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,152TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescADVANCES PAYABLEDesc
Amt$2,193,344Amt
FieldValueIRS element (for citing)
Total Liability$2,193,344TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,257,315TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$77,773DonatedServicesAndUseFcltsAmt
Revenue Not Reported$77,773RevenueNotReportedAmt
Revenue Subtotal$2,179,542RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,179,542TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,522,129TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$77,773DonatedServicesUseFcltsAmt
Expenses Not Reported$77,773ExpensesNotReportedAmt
Expenses Subtotal$3,444,356ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,444,356TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 1B:CAAB IS A CUSTODIAN OF ESCROW ACCOUNTS FOR PARTICIPANTS IN THEIR MATCHED SAVINGS PROGRAM. THE FUNDS ARE DEPOSITED INTO INDIVIDUAL ACCOUNTS AND TRANSFERRED FROM CAAB'S BANK ACCOUNTS UPON COMPLETION OR EXITING THE PROGRAM. CAAB ALSO PROVIDES CREDIT COUNSELING SESSIONS, AND SPONSORS SEMINARS AND WORKSHOPS ON A WIDE RANGE OF FINANCIAL TOPICS SUCH AS: SETTING FINANCIAL GOALS, DEVELOPING AND MANAGING A SPENDING PLAN, CHOOSING FINANCIAL PRODUCTS AND SERVICES, UNDERSTANDING CREDIT, MANAGING DEBT, SAVING FOR COLLEGE, UNDERSTANDING THE BASICS OF INVESTING, AND SAVING FOR RETIREMENT. CAAB REQUIRES THAT IDA ENROLLEES COMPLETE THE MONEY MANAGEMENT 101 CURRICULUM BEFORE MATRICULATING INTO THE MATCHED SAVINGS PROGRAM.
PART X, LINE 2:CAAB ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX EFFECT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE ACCRUED AS A COMPONENT OF GENERAL AND ADMINISTRATIVE EXPENSES WHEN ASSESSED. CAAB IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. SIMILAR TO OTHER TAX-EXEMPT ORGANIZATIONS, CAAB IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. TAX YEARS PRIOR TO 2021 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, CAAB DID NOT HAVE NET TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES; THEREFORE, THERE IS NO PROVISION IN THESE FINANCIAL STATEMENTS FOR INCOME TAXES OR INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CATHOLIC CHARITIESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1924 G STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20001ZIPCd
FieldValueIRS element (for citing)
Recipient EIN530196524RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$25,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantDC EITC PROGRAMPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypePARTNER MATCH SAVINGS PROGRAMGrantTypeTxt
Recipient261RecipientCnt
Cash Grant$433,202CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANT FUNDS ARE SET UP AND MONITORED IN CAAB'S ACCOUNTING AND PROGRAM MANAGEMENT SYSTEMS. THE INITIAL AMOUNT OF GRANT FUNDS RECEIVED AND THE ON-GOING WITHDRAWAL OF FUNDS ARE RECORDED IN BOTH SYSTEMS. THESE SYSTEMS ARE RECONCILED AT THE END OF EACH MONTH TO ENSURE THAT THEY BOTH REFLECT THE SAME ENDING BALANCE AND THAT ALL DEBITS AND CREDITS IN THE ACCOUNTING RECORDS BALANCE. ANNUAL AND QUARTERLY REPORTS ARE SUBMITTED TO THE GRANTOR.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJOSEPH LEITMANN-SANTA CRUZPersonNm
TitleEXECUTIVE DIRECTOR THROUGH JUNE 2024TitleTxt
Base Compensation Filing Org$104,556BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$27,071BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$23,000DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$26,096NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$180,723TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationEXECUTIVE DIRECTOR SALARY IS VOTED ON AND APPROVED BY THE BOARD OF DIRECTORSExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 3THE ORGANIZATION'S BOARD OF DIRECTORS APPROVED THE LIQUIDATION AND DISSOLUTION OF THE ORGANIZATION EFFECTIVE DECEMBER 31, 2024 AND STARTED TO WIND DOWN CAAB'S PROGRAMS.
FORM 990, PART VI, SECTION B, LINE 11BAN ELECTRONIC COPY OF THE 990 IS CIRCULATED BY THE CHAIR OF THE FINANCE COMMITTEE TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE 990 IS APPROVED BY THE FINANCE COMMITTEE ALONG WITH THE EXECUTIVE DIRECTOR.
FORM 990, PART VI, SECTION B, LINE 12CEACH EMPLOYEE HAS BEEN PROVIDED WITH AN EMPLOYEE POLICY HANDBOOK WHICH INCLUDES A CONFLICT OF INTEREST STATEMENT. THE EMPLOYEE MUST ACKNOWLEDGE HIS/HER KNOWLEDGE OF AND RESPONSIBILITY TO ADHERE TO COMPANY POLICIES BY SIGNING A FORM. THIS WRITTEN DISCLOSURE WILL BE KEPT ON FILE AND WILL BE UPDATED ANNUALLY AND AS NEEDED. AFTER DISCLOSURE, THE EMPLOYEE MAY NOT BE PERMITTED TO PARTICIPATE IN THE TRANSACTION OR DECISION THAT MAY CREATE A CONFLICT OF INTEREST. ALL BOARD MEMBERS ANNUALLY REVIEW AND UPDATE HIS/HER BOARD MEMBER AGREEMENT, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR CAAB'S TOP EMPLOYEES IS DETERMINED BY COMPARISON TO OTHER SIMILAR ORGANIZATIONS. COMPENSATION FOR CAAB KEY STAFF POSITIONS IS DETERMINED BY WAGE EARNING STATISTICAL DATA FOR DC AREA AND IS APPROVED BY CAAB'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVALIABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:CAAB HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSEEING THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.

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