NonprofitsCapital Area Asset Building Corporation

Community Improvement & Capacity Building

Capital Area Asset Building Corporation

WASHINGTON, DC

Total revenue

$2.2M

Total expenses

$3.4M

Net assets

$1.1M

Grants received

$6.4M

43 grants

EIN

522002672

Tax year

2024

Mission

Empower low to moderate-income individuals in the washington metro region to achieve prosperity.

Programs

2 programs

Financial 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.

Expenses: $5K

Eitc - 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.

Expenses: $281KGrants: $25K

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue$145K
Investment income$67K
Other revenue
Total revenue$2.2M

Expenses

Grants paid$458K
Salaries & benefits$1.6M
Fundraising$21K
Other expenses$1.4M
Total expenses$3.4M
Total assets$3.5M
Net assets$1.1M

People

13 listed

NameRoleCompensation

JOSEPH LEITMANN-SANTA CRUZ

EXECUTIVE DIRECTOR THROUGH JUNE 2024

Board

$132K

40 hrs/wk

KATHRYN STEPHENS

INTERIM EXECUTIVE DIRECTOR FROM JULY 2024

Board

$93K

40 hrs/wk

WILLIAM SPINNELL

TREASURER

Board

4 hrs/wk

GABRIEL LAZARUS

DIRECTOR

Board

1 hrs/wk

SHEIDA ELMI

DIRECTOR

Board

1 hrs/wk

MICHELLE LEVISTER

DIRECTOR

Board

1 hrs/wk

SHAE HARRIS

DIRECTOR

Board

1 hrs/wk

PAUL HARRIS JR

DIRECTOR

Board

1 hrs/wk

RYAN PALMER

DIRECTOR

Board

1 hrs/wk

WAYNE CHOPUS

DIRECTOR

Board

1 hrs/wk

JOSEPH VAUGHAN

PRESIDENT

Board

4 hrs/wk

GAIL REISMAN

SECRETARY

Board

4 hrs/wk

NICOLE JONES

DIRECTOR OF MATCH SAVINGS

Staff

$109K

40 hrs/wk

Independent contractors

JACKSON LEWIS PC

LEGAL SERVICES

$161K

KAH CONSULTING LLC

CONSULTING

$113K

Grants received

Showing 43 of 43

FromAmountPurposeYear
$400K
COMMUNITY PROGRESS MAKERS
2024
$729K
CASH ASSISTANCE PROGRAM
2023
$111K
For grant recipient's exempt purposes
2023
$45K
COMMUNITY SERVICES
2023
$20K
CHARITABLE DONATION
2023
$10K
CREDIT BUILDING
2023
$359K
AEEC GRANTEE PAYMEN
2022
$200K
GENERAL OPERATING AND CAPACITY-BUILDING SUPPORT OF ANTI-POVERTY PROGRAMS
2022
$115K
For grant recipient's exempt purposes
2022
$60K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$35K
FINANCIAL CAPABILITY
2022
$10K
OUTREACH
2022
$5K
UNRESTRICTED
2022
$150K
For grant recipient's exempt purposes
2021
$150K
For grant recipient's exempt purposes
2021
$12K
UNRESTRICTED
2021
$5K
GENERAL OPERATING SUPPORT TO HELP LAUNCH REVENUE GENERATING ACTIVITIES
2021
$500
CHARITABLE
2021
$405K
GENERAL OPERATING AND CAPACITY-BUILDING SUPPORT OF ANTI-POVERTY PROGRAMS
2020
$50K
TO SUPPORT GENERAL OPERATIONS
2020
$45K
COMMUNITY SERVICE
2020
$33K
GENERAL OPERATING SUPPORT
2020
$25K
GENERAL OPERATING SUPPORT
2020
$10K
DESIGNATED AND/OR GRANTED IN SUPPORT OF COMMUNITY PROGRAMS
2020
$6K
Unrestricted
2020
$13K
GENERAL OPERATING SUPPORT
2019
$10K
DESIGNATED AND/OR GRANTED IN SUPPORT OF COMMUNITY PROGRAMS
2019
$55K
General Support building
2018
$50K
GENERAL OPERATING SUPPORT
2017
$30K
DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2017

Funded by

$6.4M from 21 funders · 43 grants · 2017–2024

Greater Washington Community Foundation

$3.1M · 8 grants · 2017–2023

Martha's Table Inc

$1.1M · 2 grants · 2022–2023

Clark Charitable Foundation Inc

$605K · 2 grants · 2020–2022

Fidelity Investments Charitable Gift Fund

$526K · 4 grants · 2021–2023

Citi Foundation

$400K · 1 grant · 2024

Jane Bancroft Robinson Foundation Inc

$95K · 3 grants · 2017–2020

The Morris And Gwendolyn Cafritz

$90K · 2 grants · 2020–2023

Details

EIN522002672
NTEE codeS20
Subsection03
Ruling date1997-06
Formed1996
Employees17
Volunteers10
CAPITAL AREA ASSET BUILDING CORPORATION — Mission, Financials & Grants Received | Grantivo